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SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2019
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 fair value that are carried at fair value as of March 31, 2019, and December 31, 2018, are summarized in the table below, in thousands:
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
March 31, 2019
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
26,873

 
$
10

 
$
(115
)
 
$
26,768

Mortgage and asset-backed securities
1,889,977

 
6,476

 
(25,055
)
 
1,871,398

Obligations of states and political subdivisions
481,452

 
6,146

 
(2,643
)
 
484,955

Total debt securities
2,398,302

 
12,632

 
(27,813
)
 
2,383,121

Equity securities with a readily determinable fair value
17,339

 
—

 
—

 
17,339

Total
$
2,415,641

 
$
12,632

 
$
(27,813
)
 
$
2,400,460

December 31, 2018
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
32,075

 
$
3

 
$
(127
)
 
$
31,951

Mortgage and asset-backed securities
2,061,358

 
3,740

 
(38,400
)
 
2,026,698

Obligations of states and political subdivisions
382,101

 
919

 
(8,046
)
 
374,974

Total debt securities
2,475,534


4,662


(46,573
)

2,433,623

Equity securities with a readily determinable fair value
17,086

 
—

 
—

 
17,086

Total
$
2,492,620

 
$
4,662

 
$
(46,573
)
 
$
2,450,709
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 March 31, 2019, and December 31, 2018, are summarized in the table below, in thousands:
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
March 31, 2019
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
88,089

 
$
7,151

 
$
—

 
$
95,240

Total
$
88,089

 
$
7,151

 
$
—

 
$
95,240

December 31, 2018
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
236,283

 
$
9,554

 
$
(496
)
 
$
245,341

Total
$
236,283

 
$
9,554

 
$
(496
)
 
$
245,341
Investments Classified by Contractual Maturity Date
The amortized cost and estimated fair value of investment securities carried at fair value at March 31, 2019, 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.
 
March 31, 2019
 
Amortized Cost
 
Estimated Fair Value
Due in 1 year or less
$
29,138

 
$
29,100

Due in 1 to 5 years
51,367

 
50,972

Due in 5 to 10 years
123,062

 
123,289

Due after 10 years
304,758

 
308,362

Total debt securities
508,325

 
511,723

Mortgage and asset-backed securities
1,889,977

 
1,871,398

Equity securities with a readily determinable fair value
17,339

 
17,339

Total investment securities
$
2,415,641

 
$
2,400,460


The amortized cost and estimated fair value of debt securities held to maturity at March 31, 2019, 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.
 
March 31, 2019
 
Amortized Cost
 
Estimated Fair Value
Due in 1 year or less
$
6

 
$
6

Due in 1 to 5 years
12,966

 
13,200

Due in 5 to 10 years
58,150

 
61,138

Due after 10 years
16,967

 
20,896

Total investment securities
$
88,089

 
$
95,240
Schedule of Realized Gross Gains (Losses)
Gross gains and losses realized related to the sales of securities carried at fair value for the three-month periods ended March 31, 2019 and 2018, are summarized as follows, in thousands:
 
Three Months Ended
March 31,
 
2019
 
2018
Proceeds from sales
$
434,154

 
$
392,246

Gross security gains
2,408

 
3,013

Gross security losses
833

 
1,572
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 March 31, 2019, and December 31, 2018. 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 March 31, 2018, and December 31, 2017, 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
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
18,742

 
$
(95
)
 
$
4,541

 
$
(20
)
 
$
23,283

 
$
(115
)
Mortgage and asset-backed securities
227,902

 
(2,075
)
 
926,176

 
(22,980
)
 
1,154,078

 
(25,055
)
Obligations of states and political subdivisions
26,161

 
(98
)
 
132,515

 
(2,545
)
 
158,676

 
(2,643
)
Total temporarily impaired securities
$
272,805

 
$
(2,268
)
 
$
1,063,232

 
$
(25,545
)
 
$
1,336,037

 
$
(27,813
)
December 31, 2018
U.S. government corporations and agencies
$
24,902

 
$
(83
)
 
$
4,577

 
$
(44
)
 
$
29,479

 
$
(127
)
Mortgage and asset-backed securities
733,826

 
(9,060
)
 
805,089

 
(29,340
)
 
1,538,915

 
(38,400
)
Obligations of states and political subdivisions
34,990

 
(390
)
 
258,143

 
(7,656
)
 
293,133

 
(8,046
)
Total temporarily impaired securities
$
793,718

 
$
(9,533
)
 
$
1,067,809

 
$
(37,040
)
 
$
1,861,527

 
$
(46,573
)
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
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Total temporarily impaired securities
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

December 31, 2018
Obligations of states and political subdivisions
$
10,802

 
$
(17
)
 
$
19,508

 
$
(479
)
 
$
30,310

 
$
(496
)
Total temporarily impaired securities
$
10,802

 
$
(17
)
 
$
19,508

 
$
(479
)
 
$
30,310

 
$
(496
)