Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Other Borrowings

Other borrowings, which Heartland defines as borrowings with an original maturity date of more than one year, outstanding at December 31, 2018 and 2017, are shown in the table below, net of discount and issuance costs amortization, in thousands:

	2018		2017
Advances from the FHLB; weighted average interest rates were 4.03% and 3.22% at December 31, 2018 and 2017, respectively	$	3,399	$	6,702
Wholesale repurchase agreements	—		30,000
Trust preferred securities	130,913		121,886
Senior notes	5,000		11,000
Note payable to unaffiliated bank	58,417		33,667
Contracts payable for purchase of real estate and other assets	1,953		1,881
Subordinated notes	74,143		74,000
Other borrowings	1,080		5,875
Total	$	274,905	$	285,011

Schedule of Trust Preferred Offerings Outstanding

A schedule of Heartland’s trust preferred offerings outstanding, excluding deferred issuance costs, as of December 31, 2018, were as follows, in thousands:

	Amount Issued		Interest Rate	Interest Rate as of 12/31/18(1)		Maturity Date	Callable Date
Heartland Financial Statutory Trust IV	$	10,310	2.75% over LIBOR	5.54%	(2)	03/17/2034	03/17/2019
Heartland Financial Statutory Trust V	20,619		1.33% over LIBOR	3.77%	(3)	04/07/2036	04/07/2019
Heartland Financial Statutory Trust VI	20,619		1.48% over LIBOR	4.27%	(4)	09/15/2037	03/15/2019
Heartland Financial Statutory Trust VII	20,619		1.48% over LIBOR	4.22%	(5)	09/01/2037	03/01/2019
Morrill Statutory Trust I	8,994		3.25% over LIBOR	6.07%	(6)	12/26/2032	03/26/2019
Morrill Statutory Trust II	8,642		2.85% over LIBOR	5.64%	(7)	12/17/2033	03/17/2019
Sheboygan Statutory Trust I	6,440		2.95% over LIBOR	5.74%		09/17/2033	03/17/2019
CBNM Capital Trust I	4,359		3.25% over LIBOR	6.04%		12/15/2034	03/15/2019
Citywide Capital Trust III	6,383		2.80% over LIBOR	5.32%		12/19/2033	04/23/2019
Citywide Capital Trust IV	4,238		2.20% over LIBOR	4.85%		09/30/2034	05/23/2019
Citywide Capital Trust V	11,523		1.54% over LIBOR	4.33%		07/25/2036	03/15/2019
OCGI Statutory Trust III	2,989		3.65% over LIBOR	6.44%	(8)	09/30/2032	03/30/2019
OCGI Capital Trust IV	5,286		2.50% over LIBOR	5.29%	(9)	12/15/2034	03/15/2019
	$	131,021
(1) Effective weighted average interest rate as of December 31, 2018, was 5.56% due to interest rate swap transactions as discussed in Note 12 to Heartland's consolidated financial statements.
(2) Effective interest rate as of December 31, 2018, was 5.01% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.
(3) Effective interest rate as of December 31, 2018, was 4.69% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.
(4) Effective interest rate as of December 31, 2018, was 3.87% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.
(5) Effective interest rate as of December 31, 2018, was 3.83% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.
(6) Effective interest rate as of December 31, 2018, was 4.92% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.
(7) Effective interest rate as of December 31, 2018, was 4.51% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.
(8) Effective interest rate as of December 31, 2018, was 5.53% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.
(9) Effective interest rate as of December 31, 2018, was 4.37% due to an interest rate swap transaction as discussed in Note 12 to Heartland's consolidated financial statements.

Schedule of Future Payments of Other Borrowings

Future payments at December 31, 2018, for other borrowings follow in the table below, in thousands. FHLB advances, wholesale repurchase agreements, convertible debt and subordinated debt are included in the table at their call date.

2019	$	13,612
2020	8,652
2021	24,665
2022	4,657
2023	3,037
Thereafter	220,282
Total	$	274,905