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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Balance Sheet Category and Fair Values of Embedded Derivatives
The table below identifies the effect of fair value hedge accounting on the consolidated statements of income, in thousands:
Three Months Ended
March 31,
20242023
Hedged item (loans receivable held to maturity)$(30,529)$16 
Hedged item (securities carried at fair value)(20,151)— 
Derivatives designated as hedging instruments on loans receivable held to maturity30,537 (15)
Derivatives designated as hedging instruments on securities carried at fair value19,848 — 
The table below identifies the notional amount, fair value and balance sheet category of the embedded derivatives at March 31, 2024, and December 31, 2023, in thousands:
Notional AmountFair ValueBalance Sheet Category
March 31, 2024
Embedded derivatives $2,344 $70 Other assets
December 31, 2023
Embedded derivatives $2,391 $61 Other assets

The table below identifies the gains and losses recognized on HTLF's embedded derivatives for the three months ended March 31, 2024, and March 31, 2023, in thousands:
Three Months Ended
March 31,
20242023
Gain (loss) recognized in other noninterest income on embedded derivatives$9 $(37)
Gains (Losses) on Derivative Instruments The table below identifies the gains and losses recognized on HTLF's terminated derivative instruments designated as cash flow hedges for the three months ended March 31, 2024, and March 31, 2023, in thousands:
Recognized in OCIReclassified from AOCI into Income
Amount of Gain (Loss)CategoryAmount of Gain (Loss)
Three Months Ended March 31, 2024
Interest rate swap$— Interest income$(35)
Three Months Ended March 31, 2023
Interest rate swap $1,952 Interest income$591 
The table below identifies the net impact to interest income recognized on HTLF's fair value hedges specific to the fair value remeasurements and the income statement classification where it is recorded in comparison to the total amount of interest income presented on the consolidated statements of income for the three months ended March 31, 2024, and March 31, 2023, in thousands:
Three Months Ended
March 31,
20242023
Gain (loss) recognized in interest income and fees on loans $8 $1 
Total amount of interest and fees on loans195,661 153,843 
Gain (loss) recognized in interest income on securities-taxable(303)— 
Total amount of interest on securities-taxable47,014 55,976 
Balance Sheet Category and Fair Values of Derivative Instruments
The table below identifies the fair value of the interest rate swaps designated as fair value hedges and the balance sheet category of the interest rate swaps as of March 31, 2024 and December 31, 2023, in thousands:
Fair ValueBalance Sheet Category
March 31, 2024
Interest rate swaps-loans receivable held to maturity$13,901 Other assets
Interest rate swaps-securities carried at fair value42,972 Other assets
Interest rate swaps-loans receivable held to maturity5,946 Other liabilities
December 31, 2023
Interest rate swaps-loans receivable held to maturity$5,027 Other assets
Interest rate swaps-securities carried at fair value23,182 Other assets
Interest rate swaps-loans receivable held to maturity27,554 Other liabilities

The table below identifies the carrying amount of the hedged assets and cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets that are designated as fair value hedge accounting relationships at March 31, 2024, and December 31, 2023, in thousands:
Location in the consolidated
balance sheet		Carrying Amount of
the Hedged Assets		Cumulative Amount of Fair Value
Hedging Adjustment Included in
Carrying Amount of Hedged Assets
March 31, 2024
Interest rate swapLoans receivable held to maturity$2,494,674 $(5,885)
Interest rate swapSecurities carried at fair value 756,035(40,827)
December 31, 2023
Interest rate swapLoans receivable held to maturity$2,525,261 $24,652 
Interest rate swapSecurities carried at fair value$786,716 $(20,979)
The table below identifies the balance sheet category and fair values of the derivative instruments designated as loan swaps at March 31, 2024, and December 31, 2023, in thousands:
Notional
Amount		Fair
Value 		Balance Sheet
Category
March 31, 2024
Customer interest rate swaps$1,744,314 $63,517 Other assets
Customer interest rate swaps1,744,314 (63,517)Other liabilities
December 31, 2023
Customer interest rate swaps$1,672,729 $56,634 Other assets
Customer interest rate swaps1,672,729 (56,634)Other liabilities
Schedule of Other Derivatives Not Designated as Hedging Instruments, Balance Sheet and Income Category
The table below identifies the balance sheet category and fair values of HTLF's other free standing derivative instruments not designated as hedging instruments at March 31, 2024, and December 31, 2023, in thousands:
 Notional AmountFair ValueBalance Sheet Category
March 31, 2024
Undesignated interest rate swaps2,344 (70)Other liabilities
December 31, 2023
Undesignated interest rate swaps2,391 (61)Other liabilities

HTLF recognizes gains and losses on other free standing derivatives in two separate income statement categories. Interest rate lock commitments and forward commitments are recognized in net gains on sale of loans held for sale and undesignated interest rate swaps are recognized in other noninterest income. As of the balance sheet dates presented above there were no interest rate lock commitments or forward commitments. The table below identifies the gains and losses recognized in income on HTLF's other free standing derivative instruments not designated as hedging instruments for the three months ended March 31, 2024, and March 31, 2023, in thousands:
Three Months Ended
March 31,
 20242023
Interest rate lock commitments (mortgage)$— $410 
Forward commitments— 272 
Undesignated interest rate swaps9 37