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Securities (Tables)
12 Months Ended
Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Gross Unrealized Gains and Losses and Estimated Fair Value of Investment 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 as of December 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
December 31, 2019    
U.S. government corporations and agencies$9,844  $49  $—  $9,893  
Mortgage and asset-backed securities2,579,081  17,200  (19,003) 2,577,278  
Obligations of states and political subdivisions704,073  12,516  (9,399) 707,190  
Total debt securities3,292,998  29,765  (28,402) 3,294,361  
Equity securities with a readily determinable fair value18,435  —  —  18,435  
Total$3,311,433  $29,765  $(28,402) $3,312,796  
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 securities17,086  —  —  17,086  
Total$2,492,620  $4,662  $(46,573) $2,450,709  
The amortized cost and estimated fair value of investment securities carried at fair value at December 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.
December 31, 2019
Amortized CostEstimated Fair Value
Due in 1 year or less$12,121  $12,171  
Due in 1 to 5 years28,111  28,434  
Due in 5 to 10 years76,299  77,942  
Due after 10 years597,386  598,536  
    Total debt securities713,917  717,083  
Mortgage and asset-backed securities2,579,081  2,577,278  
Equity securities with a readily determinable fair value 18,435  18,435  
Total investment securities$3,311,433  $3,312,796  
Schedule of Securities Held to Maturity
The amortized cost, gross unrealized gains and losses and estimated fair values of held to maturity securities as of December 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
December 31, 2019    
Obligations of states and political subdivisions$91,324  $9,160  $—  $100,484  
Total$91,324  $9,160  $—  $100,484  
December 31, 2018
Obligations of states and political subdivisions$236,283  $9,554  $(496) $245,341  
Total$236,283  $9,554  $(496) $245,341  
The amortized cost and estimated fair value of debt securities held to maturity at December 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.
December 31, 2019
Amortized CostEstimated Fair Value
Due in 1 year or less$2,443  $2,472  
Due in 1 to 5 years17,604  18,153  
Due in 5 to 10 years59,708  64,775  
Due after 10 years11,569  15,084  
Total investment securities$91,324  $100,484  
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]
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 December 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 or more months. The reference point for determining how long an investment was in an unrealized loss position was December 31, 2019, and December 31, 2018, 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
December 31, 2019
U.S. government corporations and agencies$—  $—  $—  $—  $—  $—  
Mortgage and asset-backed securities1,231,732  (14,189) 241,232  (4,814) 1,472,964  (19,003) 
Obligations of states and political subdivisions387,534  (9,399) —  —  387,534  (9,399) 
Total temporarily impaired securities$1,619,266  $(23,588) $241,232  $(4,814) $1,860,498  $(28,402) 
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) 
Schedule of Realized Gross Gains and Losses on Sales of Securities Available for Sale
Gross gains and losses realized related to sales of securities carried at fair value for the years ended December 31, 2019, 2018 and 2017 are summarized as follows, in thousands:
 201920182017
Available for Sale Securities sold:  
Proceeds from sales$1,628,467  $727,895  $1,456,750  
Gross security gains11,774  3,661  10,585  
Gross security losses4,115  2,576  3,812  
Schedule of Unrealized Losses on Securities Held to Maturity
Securities held to maturityLess than 12 months12 months or longerTotal
Fair
 Value
Unrealized
Losses
Fair
 Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
December 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)