Securities (Tables)

6 Months Ended

Jun. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

Changes in the credit loss component of the credit impaired debt securities that Heartland does not intend to sell were, in thousands:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Credit loss component, beginning of period	$	981	$	—	$	—	$	—
Additions:
Initial credit impairments	—		—		981		—
Subsequent credit impairments	—		—		—		—
Total additions	—		—		981		—
Reductions:
For securities sold	—		—		—		—
Due to change in intent to sell or requirement to sell	—		—		—		—
For recoveries of previous credit impairments	—		—		—		—
Total reductions	—		—		—		—
Credit loss component, end of period	$	981	$	—	$	981	$	—

The following table shows the detail of total OTTI write-downs included in earnings for debt securities, in thousands:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
OTTI write-downs included in earnings:
Available for sale debt securities:
Mortgage backed securities	$	—	$	—	$	184	$	—
Held to maturity debt securities:
Mortgage backed securities	—		—		797		—
Total debt security OTTI write-downs included in earnings	$	—	$	—	$	981	$	—

The following table shows the detail of OTTI write-downs on debt securities included in earnings and the related changes in other accumulated comprehensive income (AOCI) for the same securities, in thousands:

	Three Months Ended June 30,					Six Months Ended June 30,
	2012			2011		2012			2011
OTTI on debt securities
Recorded as part of gross realized losses:
Credit related OTTI	$	—		$	—	$	981		$	—
Intent to sell OTTI	—			—		—			—
Total recorded as part of gross realized losses	—			—		981			—
Recorded directly to AOCI for non-credit related impairment:
Residential mortgage backed securities	—			—		683			—
Accretion of non-credit related impairment	(23		)	—		(23		)	—
Total recorded directly to AOCI for increase in non-credit related impairment	(23		)	—		660			—
Total OTTI losses recorded on debt securities	$	(23	)	$	—	$	1,641		$	—

Available-for-sale Securities

The amortized cost, gross unrealized gains and losses and estimated fair values of securities available for sale as of June 30, 2012, and December 31, 2011, are summarized in the table below, in thousands:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
June 30, 2012
Securities available for sale:
U.S. government corporations and agencies	$	47,100	$	1,557	$	—		$	48,657
Mortgage-backed securities	809,040		12,455		(3,925		)	817,570
Obligations of states and political subdivisions	344,564		19,247		(1,346		)	362,465
Corporate debt securities	26,330		129		(2,146		)	24,313
Total debt securities	1,227,034		33,388		(7,417		)	1,253,005
Equity securities	20,927		620		—			21,547
Total	$	1,247,961	$	34,008	$	(7,417	)	$	1,274,552
December 31, 2011
Securities available for sale:
U.S. government corporations and agencies	$	104,719	$	2,428	$	—		$	107,147
Mortgage-backed securities	815,408		14,643		(4,997		)	825,054
Obligations of states and political subdivisions	272,660		14,983		(973		)	286,670
Corporate debt securities	26,284		29		(1,060		)	25,253
Total debt securities	1,219,071		32,083		(7,030		)	1,244,124
Equity securities	23,389		486		—			23,875
Total	$	1,242,460	$	32,569	$	(7,030	)	$	1,267,999

Held-to-maturity Securities

The amortized cost, gross unrealized gains and losses and estimated fair values of held to maturity securities as of June 30, 2012, and December 31, 2011, are summarized in the table below, in thousands:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
June 30, 2012
Securities held to maturity:
Mortgage-backed securities	$	7,222	$	99	$	(125	)	$	7,196
Obligations of states and political subdivisions	48,935		—		(11		)	48,924
Total	$	56,157	$	99	$	(136	)	$	56,120
December 31, 2011
Securities held to maturity:
Mortgage-backed securities	$	9,131	$	40	$	(1,532	)	$	7,639
Obligations of states and political subdivisions	49,129		730		(12		)	49,847
Total	$	58,260	$	770	$	(1,544	)	$	57,486

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The following table summarizes, in thousands, the amount of unrealized losses, defined as the amount by which cost or amortized cost exceeds fair value, and the related fair value of investments with unrealized losses in Heartland's securities portfolio as of June 30, 2012, and December 31, 2011. The investments were segregated into two categories: those that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months. The reference point for determining how long an investment was in an unrealized loss position was June 30, 2011, and December 31, 2010, respectively. Securities for which Heartland has taken credit-related OTTI write-downs are categorized as being "less than 12 months" or "12 months or longer" in a continuous loss position based on the point in time that the fair value declined to below the cost basis and not the period of time since the credit-related OTTI write-down.

	Less than 12 months					12 months or longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
June 30, 2012
U.S. government corporations and agencies	$	—	$	—		$	—	$	—		$	—	$	—
Mortgage-backed securities	266,527		(2,007		)	41,396		(1,918		)	307,923		(3,925		)
Obligations of states and political subdivisions	78,889		(923		)	2,906		(423		)	81,795		(1,346		)
Corporate debt securities	4,876		(514		)	14,542		(1,632		)	19,418		(2,146		)
Total debt securities	350,292		(3,444		)	58,844		(3,973		)	409,136		(7,417		)
Equity securities	—		—			—		—			—		—
Total temporarily impaired securities	$	350,292	$	(3,444	)	$	58,844	$	(3,973	)	$	409,136	$	(7,417	)
December 31, 2011
U.S. government corporations and agencies	$	—	$	—		$	—	$	—		$	—	$	—
Mortgage-backed securities	133,538		(1,794		)	71,231		(3,203		)	204,769		(4,997		)
Obligations of states and political subdivisions	13,139		(284		)	4,010		(689		)	17,149		(973		)
Corporate debt securities	5,147		(243		)	15,346		(817		)	20,493		(1,060		)
Total debt securities	151,824		(2,321		)	90,587		(4,709		)	242,411		(7,030		)
Equity securities	—		—			—		—			—		—
Total temporarily impaired securities	$	151,824	$	(2,321	)	$	90,587	$	(4,709	)	$	242,411	$	(7,030	)