LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of ROU Assets and Lease Liabilities

The table below presents HTLF's right-of-use ("ROU") assets and lease liabilities as of December 31, 2023 and December 31, 2022, in thousands:


		As of December 31,
	Classification	2023		2022
Operating lease right-of-use assets	Other assets	$	25,859	$	29,429
Operating lease liabilities	Accrued expenses and other liabilities	$	29,333	$	31,681

Schedule of Lease Costs and Supplemental Information

The table below presents the lease costs and supplemental information as of December 31, 2023, 2022, and 2021, in thousands:


	Income Statement Category	As of December 31,
Lease Cost		2023		2022		2021
Operating lease cost	Occupancy expense	$	7,768	$	7,256	$	8,013
Variable lease cost	Occupancy expense	11		16		47

Total lease cost		$	7,779	$	7,272	$	8,060
Supplemental Information
Noncash reduction of ROU assets	Occupancy expense	$	1,164	$	32	$	1,244
Noncash reduction lease liabilities	Occupancy expense	—		10		—

Supplemental balance sheet information		As of December 31, 2023
Weighted-average remaining operating lease term (in years)		5.53
Weighted-average discount rate for operating leases		3.08						%

Schedule of Maturity Analysis of Operating Lease Liabilities and Reconciliation of the Undiscounted Cash Flows to the Total of Operating Lease Liabilities

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of December 31, 2023 is as follows, in thousands:


Year ending December 31,
2024	$	6,386
2025	6,221
2026	5,535
2027	4,581
2028	3,997
Thereafter	5,219
Total lease payments	$	31,939
Less interest	(2,606)
Present value of lease liabilities	$	29,333