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Securities (Tables)
 9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available for Sale Securities
The amortized cost, gross unrealized gains and losses, and estimated fair values of debt securities available for sale and equity securities with a readily determinable that are carried at fair value as of September 30, 2018, and December 31, 2017, are summarized in the table below, in thousands:
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
September 30, 2018
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
27,112

 
$
—

 
$
(115
)
 
$
26,997

Mortgage and asset-backed securities
1,926,803

 
1,341

 
(56,325
)
 
1,871,819

Obligations of states and political subdivisions
372,146

 
239

 
(13,902
)
 
358,483

Total debt securities
2,326,061

 
1,580

 
(70,342
)
 
2,257,299

Equity securities with a readily determinable fair value
16,916

 
—

 
—

 
16,916

Total
$
2,342,977

 
$
1,580

 
$
(70,342
)
 
$
2,274,215

December 31, 2017
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
5,358

 
$
8

 
$
(38
)
 
$
5,328

Mortgage and asset-backed securities
1,785,467

 
5,856

 
(37,587
)
 
1,753,736

Obligations of states and political subdivisions
441,060

 
4,669

 
(4,714
)
 
441,015

Total debt securities
2,231,885


10,533


(42,339
)

2,200,079

Equity securities
16,296

 
378

 
—

 
16,674

Total
$
2,248,181

 
$
10,911

 
$
(42,339
)
 
$
2,216,753
Schedule of Held to Maturity Securities
The amortized cost, gross unrealized gains and losses and estimated fair values of held to maturity securities as of September 30, 2018, and December 31, 2017, are summarized in the table below, in thousands:
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
September 30, 2018
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
239,908

 
$
8,422

 
$
(936
)
 
$
247,394

Total
$
239,908

 
$
8,422

 
$
(936
)
 
$
247,394

December 31, 2017
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
253,550

 
$
12,460

 
$
(516
)
 
$
265,494

Total
$
253,550

 
$
12,460

 
$
(516
)
 
$
265,494
Investments Classified by Contractual Maturity Date
The amortized cost and estimated fair value of investment securities carried at fair value at September 30, 2018, by contractual maturity, are as follows, in thousands. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties.
 
September 30, 2018
 
Amortized Cost
 
Estimated Fair Value
Due in 1 year or less
$
23,216

 
$
23,161

Due in 1 to 5 years
50,520

 
49,592

Due in 5 to 10 years
131,431

 
125,824

Due after 10 years
194,091

 
186,903

Total debt securities
399,258

 
385,480

Mortgage and asset-backed securities
1,926,803

 
1,871,819

Equity securities with a readily determinable fair value
16,916

 
16,916

Total investment securities
$
2,342,977

 
$
2,274,215


The amortized cost and estimated fair value of debt securities held to maturity at September 30, 2018, by contractual maturity, are as follows, in thousands. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties.
 
September 30, 2018
 
Amortized Cost
 
Estimated Fair Value
Due in 1 year or less
$
1,274

 
$
1,281

Due in 1 to 5 years
31,121

 
31,495

Due in 5 to 10 years
105,183

 
107,052

Due after 10 years
102,330

 
107,566

Total investment securities
$
239,908

 
$
247,394
Schedule of Realized Gross Gains (Losses)
Gross gains and losses realized related to the sales of securities carried at fair value for the three- and nine-month periods ended September 30, 2018 and 2017, are summarized as follows, in thousands:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
Proceeds from sales
$
59,137

 
$
503,083

 
$
694,872

 
$
1,127,091

Gross security gains
67

 
2,088

 
3,537

 
8,585

Gross security losses
212

 
409

 
2,500

 
3,023
Schedule of Debt Securities Available-for-sale
The following tables summarize, 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 September 30, 2018, and December 31, 2017. 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 months or more. The reference point for determining how long an investment was in an unrealized loss position was September 30, 2017, and December 31, 2016, respectively. Securities for which Heartland has taken credit-related other-than-temporary impairment ("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.
Debt securities available for sale
Less than 12 months
 
12 months or longer
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
22,392

 
$
(39
)
 
$
4,605

 
$
(76
)
 
$
26,997

 
$
(115
)
Mortgage and asset-backed securities
1,007,078

 
(18,299
)
 
668,623

 
(38,026
)
 
1,675,701

 
(56,325
)
Obligations of states and political subdivisions
203,363

 
(5,552
)
 
139,394

 
(8,350
)
 
342,757

 
(13,902
)
Total temporarily impaired securities
$
1,232,833

 
$
(23,890
)
 
$
812,622

 
$
(46,452
)
 
$
2,045,455

 
$
(70,342
)
December 31, 2017
U.S. government corporations and agencies
$
4,819

 
$
(38
)
 
$
—

 
$
—

 
$
4,819

 
$
(38
)
Mortgage and asset-backed securities
851,070

 
(11,533
)
 
399,978

 
(26,054
)
 
1,251,048

 
(37,587
)
Obligations of states and political subdivisions
93,040

 
(667
)
 
159,180

 
(4,047
)
 
252,220

 
(4,714
)
Total temporarily impaired securities
$
948,929

 
$
(12,238
)
 
$
559,158

 
$
(30,101
)
 
$
1,508,087

 
$
(42,339
)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value
Securities held to maturity
Less than 12 months
 
12 months or longer
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
29,174

 
$
(209
)
 
$
13,160

 
$
(727
)
 
$
42,334

 
$
(936
)
Total temporarily impaired securities
$
29,174

 
$
(209
)
 
$
13,160

 
$
(727
)
 
$
42,334

 
$
(936
)
December 31, 2017
Obligations of states and political subdivisions
$
8,512

 
$
(49
)
 
$
8,989

 
$
(467
)
 
$
17,501

 
$
(516
)
Total temporarily impaired securities
$
8,512

 
$
(49
)
 
$
8,989

 
$
(467
)
 
$
17,501

 
$
(516
)