Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Amounts used in the determination of basic and diluted earnings per share for the three- and nine-month periods ended September 30, 2016 and 2015, are shown in the table below:

	Three Months Ended September 30,
(Dollars and number of shares in thousands, except per share data)	2016			2015
Net income attributable to Heartland	$	20,208		$	14,582
Preferred dividends and discount	(53		)	(205		)
Interest expense on convertible preferred debt	17			—
Net income available to common stockholders	$	20,172		$	14,377
Weighted average common shares outstanding for basic earnings per share	24,601			20,620
Assumed incremental common shares issued upon exercise of stock options and non-vested restricted stock units	322			273
Weighted average common shares for diluted earnings per share	24,923			20,893
Earnings per common share — basic	$	0.82		$	0.70
Earnings per common share — diluted	$	0.81		$	0.69
Number of antidilutive common stock equivalents excluded from diluted earnings per share computation	—			—
	Nine Months Ended September 30,
(Dollars and number of shares in thousands, except per share data)	2016			2015
Net income attributable to Heartland	$	61,187		$	45,451
Preferred dividends	(273		)	(613		)
Interest expense on convertible preferred debt	48			—
Net income available to common stockholders	$	60,962		$	44,838
Weighted average common shares outstanding for basic earnings per share	24,262			20,483
Assumed incremental common shares issued upon exercise of stock options and non-vested restricted stock units	319			269
Weighted average common shares for diluted earnings per share	24,581			20,752
Earnings per common share — basic	$	2.51		$	2.19
Earnings per common share — diluted	$	2.48		$	2.16
Number of antidilutive common stock equivalents excluded from diluted earnings per share computation	—			—

Summary of Status of RSUs

A summary of the RSUs outstanding as of September 30, 2016 and 2015, and changes during the nine months ended September 30, 2016 and 2015, follows:

	2016				2015
	Shares		Weighted-Average Grant Date Fair Value		Shares		Weighted-Average Grant Date Fair Value
Outstanding at January 1	353,195		$	25.53	396,555		$	21.48
Granted	143,721		29.75		139,943		28.90
Vested	(117,898	)	23.44		(151,681	)	17.98
Forfeited	(11,547	)	27.12		(15,636	)	25.08
Outstanding at September 30	367,471		$	27.60	369,181		$	25.56

Summary of Status of Stock Options

A summary of the stock options outstanding as of September 30, 2016 and 2015, and changes during the nine months ended September 30, 2016 and 2015, follows:

	2016				2015
	Shares		Weighted-Average Exercise Price		Shares		Weighted-Average Exercise Price
Outstanding at January 1	125,950		$	24.08	215,851		$	23.85
Granted	—		—		—		—
Exercised	(55,250	)	24.82		(81,401	)	23.34
Forfeited	(1,500	)	21.10		(3,250	)	23.51
Outstanding at September 30	69,200		$	23.55	131,200		$	24.15
Options exercisable at September 30	69,200		$	23.55	131,200		$	24.15