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SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2022
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, 2022, and December 31, 2021, are summarized in the table below, in thousands:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
September 30, 2022    
U.S. treasuries$27,364 $— $(627)$26,737 
U.S. agencies49,604 — (6,304)43,300 
Obligations of states and political subdivisions1,052,960 1 (218,338)834,623 
Mortgage-backed securities - agency2,097,286 67 (269,077)1,828,276 
Mortgage-backed securities - non-agency2,261,005 2,730 (140,876)2,122,859 
Commercial mortgage-backed securities - agency102,289 — (16,141)86,148 
Commercial mortgage-backed securities - non-agency708,763 — (19,088)689,675 
Asset-backed securities411,063 — (11,031)400,032 
Corporate bonds9,210 — (787)8,423 
Total debt securities6,719,544 2,798 (682,269)6,040,073 
Equity securities with a readily determinable fair value20,258 — — 20,258 
Total$6,739,802 $2,798 $(682,269)$6,060,331 
December 31, 2021
U.S. treasuries$997 $11 $— $1,008 
U.S. agencies193,932 264 (812)193,384 
Obligations of states and political subdivisions2,045,386 56,263 (16,616)2,085,033 
Mortgage-backed securities - agency2,388,601 11,870 (51,182)2,349,289 
Mortgage-backed securities - non-agency1,749,838 4,570 (11,029)1,743,379 
Commercial mortgage-backed securities - agency125,397 1,429 (2,914)123,912 
Commercial mortgage-backed securities - non-agency600,253 998 (363)600,888 
Asset-backed securities408,167 2,803 (1,317)409,653 
Corporate bonds2,979 61 — 3,040 
Total debt securities7,515,550 78,269 (84,233)7,509,586 
Equity securities with a readily determinable fair value20,788 — — 20,788 
Total$7,536,338 $78,269 $(84,233)$7,530,374 
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, 2022, and December 31, 2021, are summarized in the table below, in thousands:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value		Allowance for Credit Losses
September 30, 2022    
Obligations of states and political subdivisions$830,247 $1,761 $(49,203)$782,805 $— 
Total$830,247 $1,761 $(49,203)$782,805 $— 
December 31, 2021
Obligations of states and political subdivisions$84,709 $9,430 $— $94,139 $— 
Total$84,709 $9,430 $— $94,139 $— 
Securities held to maturityLess than 12 months12 months or longerTotal
Fair
Value		Unrealized
Losses		CountFair
Value		Unrealized
Losses		CountFair
Value		Unrealized
Losses		Count
September 30, 2022
Obligations of states and political subdivisions$708,291 $(49,203)161 $— $— — $708,291 $(49,203)161 
Total temporarily impaired securities$708,291 (49,203)161 $— $— — $708,291 (49,203)161 
Investments Classified by Contractual Maturity Date
The amortized cost and estimated fair value of investment securities carried at fair value at September 30, 2022, 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, 2022
Amortized CostEstimated Fair Value
Due in 1 year or less$1,490 $1,486 
Due in 1 to 5 years30,702 29,814 
Due in 5 to 10 years54,131 46,087 
Due after 10 years1,052,815 835,696 
Total debt securities1,139,138 913,083 
Mortgage and asset-backed securities5,580,406 5,126,990 
Equity securities with a readily determinable fair value 20,258 20,258 
Total investment securities$6,739,802 $6,060,331 

The amortized cost and estimated fair value of debt securities held to maturity at September 30, 2022, 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, 2022
Amortized CostEstimated Fair Value
Due in 1 year or less$4,772 $4,773 
Due in 1 to 5 years68,014 67,496 
Due in 5 to 10 years125,603 121,978 
Due after 10 years631,858 588,558 
Total debt securities$830,247 $782,805 
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 months ended September 30, 2022 and 2021, are summarized as follows, in thousands:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Proceeds from sales$57,610 $169,108 $1,031,521 $799,588 
Gross security gains— 1,591 7,298 5,880 
Gross security losses1,070 56 9,018 1,533 
Schedule of Debt Securities Available-for-sale The following table summarizes, 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 the securities portfolio as of September 30, 2022, and December 31, 2021. 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, 2021, and December 31, 2020, respectively. For the securities transferred to held to maturity during the third quarter of 2022, the reference point was the date of the transfer.
Debt securities available for saleLess than 12 months12 months or longerTotal
 Fair
Value		Unrealized
Losses		CountFair
Value		Unrealized
Losses		CountFair
Value		Unrealized
Losses		Count
September 30, 2022
U.S. treasuries$26,737 $(627)4 $— $— — $26,737 $(627)4 
U.S. agencies27,662 (2,398)6 15,638 (3,906)1 43,300 (6,304)7 
Obligations of states and political subdivisions703,542 (175,773)141 127,428 (42,565)41 830,970 (218,338)182 
Mortgage-backed securities - agency523,192 (53,036)143 1,303,192 (216,041)82 1,826,384 (269,077)225 
Mortgage-backed securities - non-agency1,317,914 (93,124)35 394,034 (47,752)16 1,711,948 (140,876)51 
Commercial mortgage-backed securities - agency30,467 (2,733)14 55,681 (13,408)11 86,148 (16,141)25 
Commercial mortgage-backed securities - non-agency626,025 (18,189)19 63,650 (899)2 689,675 (19,088)21 
Asset-backed securities130,835 (4,860)8 57,620 (6,171)5 188,455 (11,031)13 
Corporate bonds8,422 (787)7 — — — 8,422 (787)7 
Total temporarily impaired securities$3,394,796 $(351,527)377 $2,017,243 $(330,742)158 $5,412,039 $(682,269)535 
December 31, 2021
U.S. agencies$100,839 $(812)2 $— $— — $100,839 $(812)2 
Obligations of states and political subdivisions596,866 (10,115)113 236,329 (6,501)49 833,195 (16,616)162 
Mortgage-backed securities - agency1,383,808 (33,291)83 474,724 (17,891)19 1,858,532 (51,182)102 
Mortgage-backed securities - non-agency929,515 (10,870)27 23,821 (159)5 953,336 (11,029)32 
Commercial mortgage-backed securities - agency26,999 (689)8 53,025 (2,225)5 80,024 (2,914)13 
Commercial mortgage-backed securities - non-agency74,450 (145)3 14,124 (218)2 88,574 (363)5 
Asset-backed securities113,945 (1,201)6 13,799 (116)6 127,744 (1,317)12 
Total temporarily impaired securities$3,226,422 $(57,123)242 $815,822 $(27,110)86 $4,042,244 $(84,233)328 
Schedule of Debt Securities, Held-to-maturity, Allowance for Credit Loss The following tables present, in thousands, the activity in the allowance for credit losses for securities held to maturity by obligations of states and political subdivisions securities for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended
September 30,
20222021
Beginning balance$— $51 
Provision (benefit) for credit losses— (51)
Balance at period end$— $— 
Nine Months Ended
September 30,
20222021
Beginning balance$— $51 
Provision (benefit) for credit losses— (51)
Balance at period end$— $— 
Schedule of Financing Receivable Credit Quality Indicators
The following table summarizes, in thousands, the carrying amount of HTLF's held to maturity debt securities by investment rating as of September 30, 2022, and December 31, 2021, which are updated quarterly and used to monitor the credit quality of the securities:
September 30, 2022December 31, 2021
Rating
AAA$94,727 $3,265 
AA, AA+, AA-576,141 61,471 
A+, A, A-135,835 15,034 
BBB23,544 4,939 
Not Rated— — 
Total $830,247 $84,709 
The following tables show the risk category of loans by loan category and year of origination as of September 30, 2022, and December 31, 2021, in thousands:
As of September 30, 2022Amortized Cost Basis of Term Loans by Year of Origination
202220212020201920182017 and PriorRevolvingTotal
Commercial and industrial
Pass$802,007 $463,440 $280,255 $111,725 $64,394 $425,882 $970,691 $3,118,394 
Watch 8,503 3,509 4,036 5,597 4,477 2,187 24,689 52,998 
Substandard 8,494 11,735 9,609 27,282 7,137 11,823 31,231 107,311 
Commercial and industrial total$819,004 $478,684 $293,900 $144,604 $76,008 $439,892 $1,026,611 $3,278,703 
PPP
Pass$— $9,977 $891 $— $— $— $— $10,868 
Watch— 8 — — — — — 8 
Substandard— 2,625 5 — — — — 2,630 
PPP total $— $12,610 $896 $— $— $— $— $13,506 
Owner occupied commercial real estate
Pass$449,289 $805,870 $273,696 $275,330 $111,317 $207,964 $35,402 $2,158,868 
Watch11,806 5,806 3,114 5,573 6,601 5,923 35 38,858 
Substandard1,964 21,694 32,169 10,714 2,236 18,670 800 88,247 
Owner occupied commercial real estate total$463,059 $833,370 $308,979 $291,617 $120,154 $232,557 $36,237 $2,285,973 
Non-owner occupied commercial real estate
Pass$576,309 $524,138 $220,635 $274,791 $134,255 $206,540 $69,166 $2,005,834 
Watch771 802 5,222 38,563 42,302 58,714 555 146,929 
Substandard206 10,578 7,513 16,078 22,408 9,996 — 66,779 
Non-owner occupied commercial real estate total$577,286 $535,518 $233,370 $329,432 $198,965 $275,250 $69,721 $2,219,542 
As of September 30, 2022Amortized Cost Basis of Term Loans by Year of Origination
202220212020201920182017 and PriorRevolvingTotal
Real estate construction
Pass$475,313 $351,155 $103,214 $40,638 $2,983 $6,602 $7,915 $987,820 
Watch 654 11 1,220 — — 16 — 1,901 
Substandard— 356 1,027 543 4,304 66 — 6,296 
Real estate construction total$475,967 $351,522 $105,461 $41,181 $7,287 $6,684 $7,915 $996,017 
Agricultural and agricultural real estate
Pass$221,687 $153,294 $84,087 $37,598 $24,681 $43,203 $169,970 $734,520 
Watch4,131 536 3,892 706 471 1,036 2,539 13,311 
Substandard4,270 8,463 204 2,527 12,600 4,319 1,140 33,523 
Agricultural and agricultural real estate total$230,088 $162,293 $88,183 $40,831 $37,752 $48,558 $173,649 $781,354 
Residential real estate
Pass$168,663 $277,074 $67,491 $41,412 $36,411 $224,410 $21,187 $836,648 
Watch429 769 562 987 1,554 2,377 — 6,678 
Substandard29 1,487 1,046 140 1,648 5,102 150 9,602 
Residential real estate total $169,121 $279,330 $69,099 $42,539 $39,613 $231,889 $21,337 $852,928 
Consumer
Pass$65,800 $51,732 $13,587 $7,053 $5,496 $25,705 $320,071 $489,444 
Watch40 123 56 227 77 957 1,432 2,912 
Substandard160 265 267 316 125 1,581 439 3,153 
Consumer total$66,000 $52,120 $13,910 $7,596 $5,698 $28,243 $321,942 $495,509 
Total Pass$2,759,068 $2,636,680 $1,043,856 $788,547 $379,537 $1,140,306 $1,594,402 $10,342,396 
Total Watch26,334 11,564 18,102 51,653 55,482 71,210 29,250 263,595 
Total Substandard 15,123 57,203 51,840 57,600 50,458 51,557 33,760 317,541 
Total Loans$2,800,525 $2,705,447 $1,113,798 $897,800 $485,477 $1,263,073 $1,657,412 $10,923,532 
As of December 31, 2021Amortized Cost Basis of Term Loans by Year of Origination
202120202019201820172016 and PriorRevolvingTotal
Commercial and industrial
Pass$604,659 $359,533 $203,960 $89,694 $171,709 $330,094 $708,525 $2,468,174 
Watch 10,633 12,790 12,550 8,210 3,611 14,976 24,626 87,396 
Substandard 19,888 6,391 13,050 8,535 6,619 12,052 22,980 89,515 
Commercial and industrial total$635,180 $378,714 $229,560 $106,439 $181,939 $357,122 $756,131 $2,645,085 
PPP
Pass$146,370 $25,707 $— $— $— $— $— $172,077 
Watch10,726 127 — — — — — 10,853 
Substandard16,932 21 — — — — — 16,953 
PPP total $174,028 $25,855 $— $— $— $— $— $199,883 
Owner occupied commercial real estate
Pass$940,043 $328,052 $315,497 $180,936 $115,142 $189,647 $34,233 $2,103,550 
Watch4,676 13,956 7,759 10,501 15,032 6,830 35 58,789 
Substandard11,958 20,769 13,734 2,809 13,912 13,063 1,750 77,995 
Owner occupied commercial real estate total$956,677 $362,777 $336,990 $194,246 $144,086 $209,540 $36,018 $2,240,334 
Non-owner occupied commercial real estate
Pass$609,968 $263,093 $315,815 $236,823 $152,059 $166,792 $28,728 $1,773,278 
Watch4,754 9,109 35,496 29,227 4,865 35,901 — 119,352 
Substandard15,722 10,612 21,798 3,599 14,023 51,766 441 117,961 
Non-owner occupied commercial real estate total$630,444 $282,814 $373,109 $269,649 $170,947 $254,459 $29,169 $2,010,591 
Real estate construction
Pass$381,283 $206,879 $169,606 $14,197 $7,163 $7,823 $14,507 $801,458 
Watch 2,704 858 2,145 44,846 — — 14 50,567 
Substandard— 50 46 3,944 — 54 — 4,094 
Real estate construction total$383,987 $207,787 $171,797 $62,987 $7,163 $7,877 $14,521 $856,119 
Agricultural and agricultural real estate
Pass$217,179 $102,030 $47,927 $32,913 $22,029 $35,548 $220,065 $677,691 
Watch4,018 10,390 4,688 2,270 33 2,038 2,948 26,385 
Substandard9,250 1,095 4,910 15,825 3,212 8,859 6,526 49,677 
Agricultural and agricultural real estate total$230,447 $113,515 $57,525 $51,008 $25,274 $46,445 $229,539 $753,753 
Residential real estate
Pass$311,292 $86,355 $50,762 $53,773 $43,619 $230,566 $29,017 $805,384 
Watch3,928 1,499 750 1,452 734 1,977 1,000 11,340 
Substandard2,528 444 410 2,317 1,139 5,721 — 12,559 
Residential real estate total $317,748 $88,298 $51,922 $57,542 $45,492 $238,264 $30,017 $829,283 
Consumer
Pass$69,172 $20,258 $13,051 $9,001 $10,986 $18,202 $271,034 $411,704 
Watch555 309 392 373 113 591 2,210 4,543 
Substandard267 204 218 236 363 1,611 378 3,277 
Consumer total$69,994 $20,771 $13,661 $9,610 $11,462 $20,404 $273,622 $419,524 
Total Pass$3,279,966 $1,391,907 $1,116,618 $617,337 $522,707 $978,672 $1,306,109 $9,213,316 
Total Watch41,994 49,038 63,780 96,879 24,388 62,313 30,833 369,225 
Total Substandard 76,545 39,586 54,166 37,265 39,268 93,126 32,075 372,031 
Total Loans$3,398,505 $1,480,531 $1,234,564 $751,481 $586,363 $1,134,111 $1,369,017 $9,954,572