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SECURITIES (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2019, and December 31, 2018, are summarized in the table below, in thousands:

Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
September 30, 2019    
U.S. government corporations and agencies$8,900  $50  $—  $8,950  
Mortgage and asset-backed securities2,465,561  28,381  (13,265) 2,480,677  
Obligations of states and political subdivisions500,222  13,915  (1,558) 512,579  
Total debt securities2,974,683  42,346  (14,823) 3,002,206  
Equity securities with a readily determinable fair value18,362  —  —  18,362  
Total$2,993,045  $42,346  $(14,823) $3,020,568  
December 31, 2018
U.S. government corporations and agencies$32,075  $ $(127) $31,951  
Mortgage and asset-backed securities2,061,358  3,740  (38,400) 2,026,698  
Obligations of states and political subdivisions382,101  919  (8,046) 374,974  
Total debt securities2,475,534  4,662  (46,573) 2,433,623  
Equity securities with a readily determinable fair value17,086  —  —  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 September 30, 2019, and December 31, 2018, are summarized in the table below, in thousands:

Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
September 30, 2019    
Obligations of states and political subdivisions$87,965  $9,940  $—  $97,905  
Total$87,965  $9,940  $—  $97,905  
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 September 30, 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.

September 30, 2019
Amortized CostEstimated Fair Value
Due in 1 year or less$22,717  $22,750  
Due in 1 to 5 years23,369  23,725  
Due in 5 to 10 years76,723  79,411  
Due after 10 years386,313  395,643  
Total debt securities509,122  521,529  
Mortgage and asset-backed securities2,465,561  2,480,677  
Equity securities with a readily determinable fair value 18,362  18,362  
Total investment securities$2,993,045  $3,020,568  

The amortized cost and estimated fair value of debt securities held to maturity at September 30, 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.

September 30, 2019
Amortized CostEstimated Fair Value
Due in 1 year or less$2,403  $2,443  
Due in 1 to 5 years15,153  15,690  
Due in 5 to 10 years58,936  64,695  
Due after 10 years11,473  15,077  
Total investment securities$87,965  $97,905  
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, 2019 and 2018, are summarized as follows, in thousands:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2019201820192018
Proceeds from sales$290,877  $59,137  $1,485,773  $694,872  
Gross security gains2,371  67  10,301  3,537  
Gross security losses358  212  3,133  2,500  
Schedule of Debt Securities Available-for-sale The following tables summarize, in thousands, the amount of unrealized losses, defined as the amount by which cost or amortized cost exceeds fair value, and the related fair value of investments with unrealized losses in Heartland's securities portfolio as of September 30, 2019, and December 31, 2018. The investments were segregated into two categories: those that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 months or more. The reference point for determining how long an investment was in an unrealized loss position was September 30, 2018, and December 31, 2017, respectively. Securities for which Heartland has taken credit-related other-than-temporary impairment ("OTTI") write-downs are categorized as being "less than 12 months" or "12 months or longer" in a continuous loss position based on the point in time that the fair value declined to below the cost basis and not the period of time since the credit-related OTTI write-down.
Debt securities available for saleLess than 12 months12 months or longerTotal
 Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
September 30, 2019
U.S. government corporations and agencies$—  $—  $—  $—  $—  $—  
Mortgage and asset-backed securities976,443  (7,689) 255,827  (5,576) 1,232,270  (13,265) 
Obligations of states and political subdivisions118,741  (1,525) 2,139  (33) 120,880  (1,558) 
Total temporarily impaired securities$1,095,184  $(9,214) $257,966  $(5,609) $1,353,150  $(14,823) 
December 31, 2018
U.S. government corporations and agencies$24,902  $(83) $4,577  $(44) $29,479  $(127) 
Mortgage and asset-backed securities733,826  (9,060) 805,089  (29,340) 1,538,915  (38,400) 
Obligations of states and political subdivisions34,990  (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 maturityLess than 12 months12 months or longerTotal
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
September 30, 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)