TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Other Borrowings

Term debt outstanding at December 31, 2023 and 2022, are shown in the table below, net of unamortized discount and issuance costs, in thousands:

	2023		2022
Advances from the FHLB; weighted average interest rate was 3.03% at December 31, 2022	$	—	$	740
Trust preferred securities	149,288		148,284
Contracts payable for purchase of real estate and other assets	80		82
Subordinated notes	223,028		222,647
Total	$	372,396	$	371,753

Schedule of Trust Preferred Offerings Outstanding

A schedule of HTLF’s trust preferred offerings outstanding, as of December 31, 2023, were as follows, in thousands:

	Amount Issued		Interest Rate	Interest Rate as of 12/31/23	Maturity Date	Callable Date
Heartland Financial Statutory Trust IV	$	10,310	2.75% over SOFR	8.39%	03/17/2034	03/17/2024
Heartland Financial Statutory Trust V	20,619		1.33% over SOFR	6.99	04/07/2036	04/07/2024
Heartland Financial Statutory Trust VI	20,619		1.48% over SOFR	7.13	09/15/2037	03/15/2024
Heartland Financial Statutory Trust VII	18,042		1.48% over SOFR	7.12	09/01/2037	03/01/2024
Morrill Statutory Trust I	9,464		3.25% over SOFR	8.87	12/26/2032	03/26/2024
Morrill Statutory Trust II	9,198		2.85% over SOFR	8.49	12/17/2033	03/17/2024
Sheboygan Statutory Trust I	6,878		2.95% over SOFR	8.59	09/17/2033	03/17/2024
CBNM Capital Trust I	4,608		3.25% over SOFR	8.90	12/15/2034	03/15/2024
Citywide Capital Trust III	6,661		2.80% over SOFR	8.45	12/19/2033	04/23/2024
Citywide Capital Trust IV	4,526		2.20% over SOFR	7.84	09/30/2034	05/23/2024
Citywide Capital Trust V	12,649		1.54% over SOFR	7.19	07/25/2036	03/15/2024
OCGI Statutory Trust III	3,028		3.65% over SOFR	9.31	09/30/2032	03/30/2024
OCGI Capital Trust IV	5,567		2.50% over SOFR	8.15	12/15/2034	03/15/2024
BVBC Capital Trust II	7,359		3.25% over SOFR	8.89	04/24/2033	04/24/2024
BVBC Capital Trust III	9,760		1.60% over SOFR	7.19	09/30/2035	03/30/2024
Total trust preferred offerings	$	149,288

Schedule of Future Payments of Other Borrowings

Future payments, net of unamortized discount and issuance costs, at December 31, 2023, for term debt at their maturity date follow in the table below, in thousands.

2024	$	74,937
2025	—
2026	—
2027	—
2028	—
Thereafter	297,459
Total	$	372,396