XML 83 R45.htm IDEA: XBRL DOCUMENT v3.20.4
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Balance Sheet Category and Fair Value of Derivative Instruments Designated as Cash Flow Hedges
The table below identifies the balance sheet category and fair values of Heartland's derivative instruments designated as cash flow hedges at December 31, 2020, and December 31, 2019, in thousands:
 
Notional
Amount
Fair
Value
Balance Sheet
Category
Receive
Rate
Weighted Average
Pay Rate
Maturity
December 31, 2020
Interest rate swap$25,000 $(127)Other Liabilities0.229 %2.255 %03/17/2021
Interest rate swap21,667 (91)Other Liabilities 2.649 3.674 05/10/2021
Interest rate swap22,750 (2,220)Other Liabilities2.643 5.425 07/24/2028
Interest rate swap20,000 (1,482)Other Liabilities0.217 2.390 06/15/2024
Interest rate swap20,000 (1,385)Other Liabilities0.225 2.352 03/01/2024
Interest rate swap6,000 (50)Other Liabilities0.217 1.866 06/15/2021
Interest rate swap3,000 (25)Other Liabilities0.241 1.878 06/30/2021
December 31, 2019
Interest rate swap$25,000 $(167)Other Liabilities 1.900 %2.255 %03/17/2021
Interest rate swap20,000 (67)Other Liabilities2.043 3.355 01/07/2020
Interest rate swap25,667 135 Other Assets4.215 3.674 05/10/2021
Interest rate swap25,750 (1,384)Other Liabilities4.280 5.425 07/24/2028
Interest rate swap20,000 (614)Other Liabilities1.894 2.390 06/15/2024
Interest rate swap20,000 (561)Other Liabilities1.907 2.352 03/01/2024
Interest rate swap6,000 (15)Other Liabilities1.894 1.866 06/15/2021
Interest rate swap3,000 (9)Other Liabilities 1.831 1.878 06/30/2021
The table below identifies the balance sheet category and fair values of Heartland's derivative instruments designated as loan swaps at December 31, 2020 and 2019, in thousands:
Notional
Amount
Fair
Value
Balance Sheet
Category
Weighted
Average
Receive
Rate
Weighted
Average
Pay
Rate
December 31, 2020
Customer interest rate swaps$440,719 $43,422 Other Assets4.46 %2.46 %
Customer interest rate swaps440,719 (43,422)Other Liabilities2.46 %4.46 %
December 31, 2019
Customer interest rate swaps$374,191 $16,927 Other Assets4.68 %4.05 %
Customer interest rate swaps374,191 (16,927)Other Liabilities4.05 %4.68 %
Gains and Losses Recognized on Derivative Instruments Designated as Cash Flow Hedges
The table below identifies the gains and losses recognized on Heartland's derivative instruments designated as cash flow hedges for the years ended December 31, 2020, and December 31, 2019, in thousands:
Effective PortionIneffective Portion
 Recognized in OCIReclassified from AOCI into IncomeRecognized in Income on Derivatives
Amount of Gain (Loss)CategoryAmount of Gain (Loss)CategoryAmount of Gain (Loss)
December 31, 2020
Interest rate swap$(2,698)Interest expense$1,794 Other income$— 
December 31, 2019
Interest rate swap$(3,442)Interest Expense$(197)Other Income$— 
Balance Sheet Category and Fair Values of Embedded Derivatives
The table below identifies the notional amount, fair value and balance sheet category of Heartland's fair value hedges at December 31, 2020, and December 31, 2019, in thousands:
Notional AmountFair ValueBalance Sheet Category
December 31, 2020
Fair value hedges$20,841 $(2,480)Other liabilities
December 31, 2019
Fair value hedges$21,250 $(1,253)Other liabilities

The table below identifies the gains and losses recognized on Heartland's fair value hedges for the years ended December 31, 2020, and December 31, 2019, in thousands:
Amount of Gain (Loss)Income Statement Category
December 31, 2020
Fair value hedges$(1,227)Interest income
December 31, 2019
Fair value hedges$(988)Interest income
The table below identifies the notional amount, fair value and balance sheet category of Heartland's embedded derivatives as of December 31, 2020, and December 31, 2019, in thousands:
Notional AmountFair ValueBalance Sheet Category
December 31, 2020
Embedded derivatives $9,198 $680 Other assets
December 31, 2019
Embedded derivatives $9,627 $465 Other assets

The table below identifies the gains and losses recognized on Heartland's embedded derivatives for the years ended December 31, 2020 and December 31, 2019, in thousands:
Amount of Gain (Loss)Income Statement Category
December 31, 2020
Embedded derivatives $215 Other noninterest income
December 31, 2019
Embedded derivatives $66 Other noninterest income
Balance Sheet Category and Fair Values of Derivative Instruments Not Designated as Hedging Instruments
The table below identifies the balance sheet category and fair values of Heartland's other free standing derivative instruments not designated as hedging instruments at December 31, 2020, and December 31, 2019, in thousands:
 
Notional
Amount
Fair
Value
Balance Sheet
Category
December 31, 2020
Interest rate lock commitments (mortgage)$42,078 $1,827 Other Assets
Forward commitments— — Other Assets
Forward commitments86,500 (697)Other Liabilities
Undesignated interest rate swaps9,198 (680)Other Liabilities
December 31, 2019
Interest rate lock commitments (mortgage)$20,356 $681 Other Assets
Forward commitments16,000 15 Other Assets
Forward commitments36,500 (113)Other Liabilities
Undesignated interest rate swaps9,627 (465)Other Liabilities
The table below identifies the income statement category of the gains and losses recognized in income on Heartland's other free standing derivative instruments not designated as hedging instruments for the years ended December 31, 2020, and December 31, 2019, in thousands:
 Income Statement Category
Year-to-Date
Gain (Loss)
Recognized
December 31, 2020
Interest rate lock commitments (mortgage)Net gains on sale of loans held for sale$2,803 
Forward commitmentsNet gains on sale of loans held for sale(15)
Forward commitmentsNet gains on sale of loans held for sale(585)
Undesignated interest rate swapsOther noninterest income(215)
December 31, 2019
Interest rate lock commitments (mortgage)Net gains on sale of loans held for sale$18 
Forward commitmentsNet gains on sale of loans held for sale15 
Forward commitmentsNet gains on sale of loans held for sale287 
Undesignated interest rate swapsOther noninterest income(66)