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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
INTEREST INCOME:    
Interest and fees on loans and leases $ 39,827 $ 38,399
Interest on securities:    
Taxable 4,659 7,572
Nontaxable 3,198 2,271
Interest on interest bearing deposits in other financial institutions 4 0
TOTAL INTEREST INCOME 47,688 48,242
INTEREST EXPENSE:    
Interest on deposits 5,076 5,775
Interest on short-term borrowings 148 213
Interest on other borrowings (includes $505 of interest expense related to derivatives reclassified from accumulated other comprehensive income for the three months ended March 31, 2013) 3,797 4,061
TOTAL INTEREST EXPENSE 9,021 10,049
NET INTEREST INCOME 38,667 38,193
Provision for loan and lease losses 637 2,354
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 38,030 35,839
NONINTEREST INCOME:    
Service charges and fees 4,008 3,584
Loan servicing income 3,371 1,760
Trust fees 2,904 2,613
Brokerage and insurance commissions 951 910
Securities gains, net (includes $3,427 of net security gains reclassified from accumulated other comprehensive income for the three months ended March 31, 2013) 3,427 3,943
Gain (loss) on trading account securities 314 (3)
Impairment loss on securities 0 (981)
Gains on sale of loans 9,912 8,502
Valuation adjustment on mortgage servicing rights 496 13
Income on bank owned life insurance 405 482
Other noninterest income 680 2,565
TOTAL NONINTEREST INCOME 26,468 23,388
NONINTEREST EXPENSES:    
Salaries and employee benefits 29,740 23,996
Occupancy 3,185 2,482
Furniture and equipment 2,051 1,446
Professional fees 3,543 2,760
FDIC insurance assessments 902 864
Advertising 1,228 1,071
Intangible assets amortization 200 131
Net loss on repossessed assets 1,340 2,904
Other noninterest expenses 4,558 4,486
TOTAL NONINTEREST EXPENSES 46,747 40,140
Income before taxes 17,751 19,087
Income taxes (includes $1,099 of income tax expense reclassified from accumulated other comprehensive income for the three months ended March 31, 2013) 5,199 6,272
NET INCOME 12,552 12,815
Net (income) loss available to noncontrolling interest, net of tax (64) 26
NET INCOME ATTRIBUTABLE TO HEARTLAND 12,488 12,841
Preferred dividends and discount (408) (1,021)
Net income available to common stockholders $ 12,080 $ 11,820
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.72 $ 0.72
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.70 $ 0.71
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.10 $ 0.10