Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below identifies the balance sheet category and fair values of Heartland's derivative instruments designated as cash flow hedges at June 30, 2012, and December 31, 2011, in thousands:

	Notional Amount		Fair Value			Balance Sheet Category	Receive Rate		Weighted Average Pay Rate		Maturity
June 30, 2012
Interest rate swap	$	13,620	$	(769	)	Other Liabilities	2.993	%	5.140	%	4/20/2016
Interest rate swap	25,000		(900		)	Other Liabilities	0.468	%	2.580	%	3/17/2014
Interest rate swap	20,000		(2,214		)	Other Liabilities	0.467	%	3.220	%	3/1/2017
Interest rate swap	20,000		(2,990		)	Other Liabilities	0.469	%	3.355	%	1/7/2020
December 31, 2011
Interest rate swap	$	14,221	$	(725	)	Other Liabilities	3.035	%	5.140	%	4/20/2016
Interest rate swap	25,000		(1,032		)	Other Liabilities	0.559	%	2.580	%	3/17/2014
Interest rate swap	20,000		(2,064		)	Other Liabilities	0.527	%	3.220	%	3/1/2017
Interest rate swap	20,000		(2,584		)	Other Liabilities	0.384	%	3.355	%	1/7/2020

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The table below identifies the gains and losses recognized on Heartland's derivative instruments designated as cash flow hedges for the six months ended June 30, 2012, and June 30, 2011, in thousands:

	Effective Portion							Ineffective Portion
	Recognized in OCI			Reclassified from AOCI into Income				Recognized in Income on Derivatives
	Amount of Gain(Loss)			Category	Amount of Gain(Loss)			Category	Amount of Gain(Loss)
June 30, 2012
Interest rate swap	$	(44	)	Interest Expense	$	(151	)	Other Income	$	—
Interest rate swap	132			Interest Expense	(262		)	Other Income	—
Interest rate swap	(150		)	Interest Expense	(276		)	Other Income	—
Interest rate swap	(406		)	Interest Expense	(296		)	Other Income	—
June 30, 2011
Interest rate swap	$	(98	)	Interest Expense	$	(287	)	Other Income	$	—
Interest rate swap	(272		)	Interest Expense	(295		)	Other Income	—
Interest rate swap	(295		)	Interest Expense	(309		)	Other Income	—

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The table below identifies the balance sheet category and fair values of Heartland's derivative instruments not designated as hedging instruments at June 30, 2012, and December 31, 2011, in thousands:

	Notional Amount		Fair Value			Balance Sheet Category
June 30, 2012
Interest rate lock commitments (mortgage)	$	316,351	$	11,011		Other Assets
Interest rate cap	20,000		—			Other Assets
Forward commitments	53,326		214			Other Assets
Forward commitments	316,571		(3,217		)	Other Liabilities
December 31, 2011
Interest rate lock commitments (mortgage)	$	113,438	$	3,697		Other Assets
Interest rate cap	20,000		—			Other Assets
Forward commitments	91,750		(869		)	Other Assets

The table below identifies the income statement category of the gains and losses recognized in income on Heartland's derivative instruments not designated as hedging instruments for the six months ended June 30, 2012, and June 30, 2011, in thousands :

	Income Statement Category	Year-to-Date Gain(Loss) Recognized
June 30, 2012
Interest rate lock commitments (mortgage)	Gains on Sale of Loans Held for Sale	$	11,011
Interest rate cap	Other Income	—
Forward commitments	Gains on Sale of Loans Held for Sale	(3,003		)
June 30, 2011
Interest rate cap	Other Income	—
Interest rate cap	Other Income	(4		)