OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Other Borrowings

Other borrowings, which HTLF defines as borrowings with an original maturity date of more than one year, outstanding at December 31, 2022 and 2021, are shown in the table below, net of unamortized discount and issuance costs, in thousands:

	2022		2021
Advances from the FHLB; weighted average interest rates were 3.03% at both December 31, 2022 and 2021, respectively	$	740	$	898
Trust preferred securities	148,284		147,316
Contracts payable for purchase of real estate and other assets	82		1,593
Subordinated notes	222,647		222,265
Total	$	371,753	$	372,072

Schedule of Trust Preferred Offerings Outstanding

A schedule of HTLF’s trust preferred offerings outstanding, as of December 31, 2022, were as follows, in thousands:

	Amount Issued		Interest Rate	Interest Rate as of 12/31/22	Maturity Date	Callable Date
Heartland Financial Statutory Trust IV	$	10,310	2.75% over LIBOR	7.49%	03/17/2034	03/17/2023
Heartland Financial Statutory Trust V	20,619		1.33% over LIBOR	5.41%	04/07/2036	04/07/2023
Heartland Financial Statutory Trust VI	20,619		1.48% over LIBOR	6.25%	09/15/2037	03/15/2023
Heartland Financial Statutory Trust VII	18,042		1.48% over LIBOR	6.24%	09/01/2037	03/01/2023
Morrill Statutory Trust I	9,370		3.25% over LIBOR	7.97%	12/26/2032	03/26/2023
Morrill Statutory Trust II	9,087		2.85% over LIBOR	7.59%	12/17/2033	03/17/2023
Sheboygan Statutory Trust I	6,790		2.95% over LIBOR	7.69%	09/17/2033	03/17/2023
CBNM Capital Trust I	4,558		3.25% over LIBOR	8.02%	12/15/2034	03/15/2023
Citywide Capital Trust III	6,605		2.80% over LIBOR	7.22%	12/19/2033	04/23/2023
Citywide Capital Trust IV	4,468		2.20% over LIBOR	6.89%	09/30/2034	05/23/2023
Citywide Capital Trust V	12,424		1.54% over LIBOR	6.31%	07/25/2036	03/15/2023
OCGI Statutory Trust III	3,020		3.65% over LIBOR	8.48%	09/30/2032	03/30/2023
OCGI Capital Trust IV	5,511		2.50% over LIBOR	7.27%	12/15/2034	03/15/2023
BVBC Capital Trust II	7,319		3.25% over LIBOR	7.69%	04/24/2033	04/24/2023
BVBC Capital Trust III	9,582		1.60% over LIBOR	6.35%	09/30/2035	03/30/2023
Total trust preferred offerings	148,324
Less: deferred issuance costs	(40)
	$	148,284

Schedule of Future Payments of Other Borrowings

Future payments, net of unamortized discount and issuance costs, at December 31, 2022, for other borrowings at their maturity date follow in the table below, in thousands.

2023	$	82
2024	74,715
2025	—
2026	—
2027	196
Thereafter	296,760
Total	$	371,753