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LOANS (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Loans
Loans as of September 30, 2024, and December 31, 2023, were as follows, in thousands:
September 30, 2024December 31, 2023
Loans receivable held to maturity:  
Commercial and industrial$3,503,093 $3,652,047 
Paycheck Protection Program ("PPP")1,582 2,777 
Owner occupied commercial real estate2,489,697 2,638,175 
Non-owner occupied commercial real estate2,455,396 2,553,711 
Real estate construction1,119,922 1,011,716 
Agricultural and agricultural real estate701,211 919,184 
Residential real estate707,984 797,829 
Consumer462,032 493,206 
Total loans receivable held to maturity11,440,917 12,068,645 
Allowance for credit losses(106,797)(122,566)
Loans receivable, net$11,334,120 $11,946,079 
Schedule of Allowance for Loan and Lease Losses, Based on Impairment Methodology
The following table shows the balance in the allowance for credit losses at September 30, 2024, and December 31, 2023, and the related loan balances, disaggregated on the basis of measurement methodology, in thousands. If a loan no longer shares similar risk characteristics with other loans in the pool, it is evaluated on an individual basis and is not included in the collective evaluation. Lending relationships on nonaccrual with $500,000 or more of total exposure are individually assessed using a collateral dependency calculation. All other loans are collectively evaluated for losses.

Allowance For Credit LossesGross Loans Receivable Held to Maturity
Individually Evaluated for Credit LossesCollectively Evaluated for Credit LossesTotalLoans Individually Evaluated for Credit LossesLoans Collectively Evaluated for Credit Losses Total
September 30, 2024
Commercial and industrial$3,185 $20,234 $23,419 $18,428 $3,484,665 $3,503,093 
PPP — — — — 1,582 1,582 
Owner occupied commercial real estate2 13,249 13,251 2,633 2,487,064 2,489,697 
Non-owner occupied commercial real estate4,447 12,972 17,419 10,108 2,445,288 2,455,396 
Real estate construction22 35,458 35,480 697 1,119,225 1,119,922 
Agricultural and agricultural real estate2,277 1,526 3,803 18,204 683,007 701,211 
Residential real estate— 5,355 5,355 727 707,257 707,984 
Consumer— 8,070 8,070 — 462,032 462,032 
Total$9,933 $96,864 $106,797 $50,797 $11,390,120 $11,440,917 
December 31, 2023
Commercial and industrial$18,425 $22,254 $40,679 $41,847 $3,610,200 $3,652,047 
PPP— — — — 2,777 2,777 
Owner occupied commercial real estate— 17,156 17,156 30,400 2,607,775 2,638,175 
Non-owner occupied commercial real estate— 17,249 17,249 — 2,553,711 2,553,711 
Real estate construction56 28,717 28,773 697 1,011,019 1,011,716 
Agricultural and agricultural real estate1,932 2,360 4,292 6,700 912,484 919,184 
Residential real estate— 5,845 5,845 741 797,088 797,829 
Consumer— 8,572 8,572 — 493,206 493,206 
Total$20,413 $102,153 $122,566 $80,385 $11,988,260 $12,068,645 
Schedule of Financing Receivable, Loan Modification
The following tables show the amortized cost basis as of September 30, 2024 and September 30, 2023, of the loans modified during the three and nine months ended September 30, 2024 and September 30, 2023, to borrowers experiencing financial difficulty by loan category and type of concession granted, dollars in thousands.
Loan Modifications Made to Borrowers Experiencing Financial Difficulty
Term ExtensionTerm Extension and Interest Only Payments Term Extension and Interest Rate Reduction
For the Three Months Ended
September 30, 2024		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category
Commercial and industrial$1,068 0.03 %$— — %$— — %
Real estate construction86 0.01 — — — — 
Agricultural and agricultural real estate— — — — — — 
Total$1,154 0.01 %$— — %$— — %

Loan Modifications Made to Borrowers Experiencing Financial Difficulty
Term ExtensionTerm Extension and Interest Only PaymentsTerm Extension and Interest Rate Reduction
For the Three Months Ended
September 30, 2023		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category
Commercial and industrial$— — %$— — %$— — %
Real estate construction— — — — — — 
Agricultural and agricultural real estate1,992 0.24 — — — — 
Total$1,992 0.02 %$— — %$— — %
Loan Modifications Made to Borrowers Experiencing Financial Difficulty
Term ExtensionTerm Extension and
Interest Only Payments		Term Extension and Interest Rate Reduction
For the Nine Months Ended
September 30, 2024		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category
Commercial and industrial$1,285 0.04 %$— — %$— — %
Owner occupied commercial real estate— — — — — — 
Non-owner occupied commercial real estate614 0.03 — 0— — — 
Real estate construction86 0.01 — — 3,116 0.28 
Residential real estate1,347 0.19 — — — — 
Consumer163 0.04 — — 
Total$3,495 0.03 %$— — %$3,116 0.03 %
Loan Modifications Made to Borrowers Experiencing Financial Difficulty
Term ExtensionTerm Extension and
Interest Only Payments		Term Extension and Interest Rate Reduction
For the Nine Months Ended
September 30, 2023		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category		Amortized
Cost Basis		% of Loan
Category
Commercial and industrial$4,233 0.12 %$— — %$— — %
Owner occupied commercial real estate— — 5,043 0.21 — — 
Non-owner occupied commercial real estate— — — — — — 
Real estate construction1,453 0.14 — — — — 
Agricultural and agricultural real estate3,546 0.42 — — — — 
Residential real estate741 0.09 — — — — 
Total$9,973 0.08 %$5,043 0.04 %$— — %
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty in the nine months ending September 30, 2024 and September 30, 2023.
For the Nine Months Ended
September 30, 2024		Weighted Average
Term Extension
(Months)		Weighted Average
Term Extension and Interest Only Payments (Months)		Weighted Average Term Extension and Interest Rate Reduction (Months)
Commercial and industrial800
Non-owner occupied commercial real estate13025
Real estate construction1300
Residential real estate400
Consumer8300
For the Nine Months Ended
September 30, 2023		Weighted Average
Term Extension
(Months)		Weighted Average
Term Extension and Interest Only Payments (Months)		Weighted Average Term Extension and Interest Rate Reduction (Months)
Commercial and industrial800
Owner occupied commercial real estate0120
Real estate construction600
Agricultural and agricultural real estate1100
Residential real estate1200
The following tables show the performance of loans that have been modified in the nine months ended September 30, 2024 and September 30, 2023, dollars in thousands.
Accruing Loans
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More
Past Due		Total Past DueCurrentNonaccrual
September 30, 2024
Commercial and industrial$— $— $— $— $1,285 $— 
Non-owner occupied commercial real estate— 614 — 614 — — 
Real estate construction— — — — 3,116 86 
Residential real estate— 1,347 — 1,347 — — 
Consumer— — — — — 163 
Total$— $1,961 $— $1,961 $4,401 $249 
Accruing Loans
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More
Past Due		Total Past DueCurrentNonaccrual
September 30, 2023
Commercial and industrial$— $— $— $— $4,233 $— 
Owner occupied commercial real estate— — — — 5,043 — 
Real estate construction— — — — — 1,453 
Agricultural and agricultural real estate— — — — 3,546 — 
Residential real estate— — — — — 741 
Total$— $— $— $— $12,822 $2,194 
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, 2024, and December 31, 2023, which are updated quarterly and used to monitor the credit quality of the securities:
September 30, 2024December 31, 2023
Rating
AAA$99,869 $88,550 
AA, AA+, AA-562,582 583,816 
A+, A, A-149,549 139,658 
BBB19,762 20,133 
Not Rated7,861 6,084 
Total $839,623 $838,241 
The following table shows the risk category of loans by loan category, year of origination and charge-offs as of September 30, 2024, in thousands:
As of September 30, 2024Amortized Cost Basis of Term Loans by Year of Origination
202420232022202120202019 and PriorRevolvingTotal
Commercial and industrial
Pass$414,619 $408,974 $566,449 $244,760 $153,020 $343,559 $1,068,024 $3,199,405 
Watch 13,954 54,206 48,302 12,535 2,173 6,583 105,711 243,464 
Substandard 7,179 3,200 15,092 1,086 5,652 2,865 25,150 60,224 
Commercial and industrial total$435,752 $466,380 $629,843 $258,381 $160,845 $353,007 $1,198,885 $3,503,093 
Commercial and industrial charge-offs$— $28 $14,391 $813 $3,299 $2,358 $9,328 $30,217 
PPP
Pass$— $— $— $1,402 $22 $— $— $1,424 
Watch— — — 158 — — — 158 
Substandard— — — — — — — — 
PPP total $— $— $— $1,560 $22 $— $— $1,582 
PPP charge-offs$— $— $— $— $— $— $— $— 
Owner occupied commercial real estate
Pass$118,081 $397,969 $480,966 $698,709 $200,112 $345,593 $38,270 $2,279,700 
Watch6,316 5,595 67,107 1,421 2,811 41,544 3,346 128,140 
Substandard— 23,318 30,964 2,764 10,547 14,264 — 81,857 
Owner occupied commercial real estate total$124,397 $426,882 $579,037 $702,894 $213,470 $401,401 $41,616 $2,489,697 
Owner occupied commercial real estate charge-offs$— $— $87 $— $247 $88 $— $422 
Non-owner occupied commercial real estate
Pass$112,658 $462,424 $626,077 $381,385 $169,602 $438,111 $16,734 $2,206,991 
Watch11,021 65,250 61,380 20,632 2,825 27,428 — 188,536 
Substandard720 — 134 8,149 362 50,504 — 59,869 
Non-owner occupied commercial real estate total$124,399 $527,674 $687,591 $410,166 $172,789 $516,043 $16,734 $2,455,396 
Non-owner occupied commercial real estate charge-offs$— $— $— $— $— $— $— $— 
As of September 30, 2024Amortized Cost Basis of Term Loans by Year of Origination
202420232022202120202019 and PriorRevolvingTotal
Real estate construction
Pass$126,889 $343,871 $374,867 $81,057 $7,059 $8,969 $6,850 $949,562 
Watch — — 40,782 63,207 166 — — 104,155 
Substandard— 9,375 56,656 11 12 65 86 66,205 
Real estate construction total$126,889 $353,246 $472,305 $144,275 $7,237 $9,034 $6,936 $1,119,922 
Real estate construction charge-offs$— $— $— $— $— $— $— $— 
Agricultural and agricultural real estate
Pass$74,398 $109,176 $175,308 $92,490 $48,115 $49,247 $117,190 $665,924 
Watch188 1,940 807 273 31 802 7,012 11,053 
Substandard731 1,136 8,610 1,619 121 12,017 — 24,234 
Agricultural and agricultural real estate total$75,317 $112,252 $184,725 $94,382 $48,267 $62,066 $124,202 $701,211 
Agricultural and agricultural real estate charge-offs$— $12 $9,321 $17 $12 $167 $648 $10,177 
Residential real estate
Pass$34,859 $56,401 $145,289 $209,388 $61,100 $162,320 $18,401 $687,758 
Watch44 1,841 1,174 1,457 2,479 4,545 171 11,711 
Substandard— 773 833 3,161 366 3,382 — 8,515 
Residential real estate total $34,903 $59,015 $147,296 $214,006 $63,945 $170,247 $18,572 $707,984 
Residential real estate charge-offs$— $— $— $— $— $182 $— $182 
Consumer
Pass$27,040 $33,375 $48,793 $27,657 $2,780 $6,461 $307,812 $453,918 
Watch353 663 366 141 20 862 2,248 4,653 
Substandard169 158 254 182 190 1,283 1,225 3,461 
Consumer total$27,562 $34,196 $49,413 $27,980 $2,990 $8,606 $311,285 $462,032 
Consumer charge-offs$12 $95 $183 $245 $17 $86 $1,982 $2,620 
Total Pass$908,544 $1,812,190 $2,417,749 $1,736,848 $641,810 $1,354,260 $1,573,281 $10,444,682 
Total Watch31,876 129,495 219,918 99,824 10,505 81,764 118,488 691,870 
Total Substandard 8,799 37,960 112,543 16,972 17,250 84,380 26,461 304,365 
Total Loans$949,219 $1,979,645 $2,750,210 $1,853,644 $669,565 $1,520,404 $1,718,230 $11,440,917 
Total charge-offs$12 $135 $23,982 $1,075 $3,575 $2,881 $11,958 $43,618 

The following table shows the risk category of loans by loan category and year of origination as of December 31, 2023, in thousands.
As of December 31, 2023Amortized Cost Basis of Term Loans by Year of Origination
202320222021202020192018 and PriorRevolvingTotal
Commercial and industrial
Pass$608,030 $779,218 $333,900 $187,406 $78,455 $327,775 $1,159,397 $3,474,181 
Watch 20,694 19,788 257 3,631 2,398 2,953 28,749 78,470 
Substandard 20,171 12,658 2,636 5,447 18,535 7,489 32,460 99,396 
Commercial and industrial total$648,895 $811,664 $336,793 $196,484 $99,388 $338,217 $1,220,606 $3,652,047 
Commercial and industrial charge-offs$245 $794 $680 $1,425 $563 $1,949 $2,966 $8,622 
PPP
Pass$— $— $2,591 $50 $— $— $— $2,641 
Watch— — 89 — — — — 89 
Substandard— — 47 — — — — 47 
PPP total $— $— $2,727 $50 $— $— $— $2,777 
PPP charge-offs$— $— $— $— $— $— $— $— 
As of December 31, 2023Amortized Cost Basis of Term Loans by Year of Origination
202320222021202020192018 and PriorRevolvingTotal
Owner occupied commercial real estate
Pass$443,683 $547,898 $799,978 $225,257 $225,405 $224,608 $41,072 $2,507,901 
Watch8,052 25,947 13,114 2,662 8,115 7,553 — 65,443 
Substandard31,904 10,489 2,268 11,609 6,390 2,171 — 64,831 
Owner occupied commercial real estate total$483,639 $584,334 $815,360 $239,528 $239,910 $234,332 $41,072 $2,638,175 
Owner occupied commercial real estate charge-offs$— $802 $— $5 $— $63 $— $870 
Non-owner occupied commercial real estate
Pass$480,683 $656,824 $423,420 $203,330 $262,541 $251,499 $26,978 $2,305,275 
Watch71,400 34,651 8,237 3,834 27,345 57,083 — 202,550 
Substandard5,043 952 1,391 — 4,238 34,262 — 45,886 
Non-owner occupied commercial real estate total$557,126 $692,427 $433,048 $207,164 $294,124 $342,844 $26,978 $2,553,711 
Non-owner occupied commercial real estate charge-offs$— $52 $— $29 $399 $147 $— $627 
Real estate construction
Pass$283,519 $468,646 $176,604 $9,889 $11,048 $3,405 $6,486 $959,597 
Watch 629 33,220 9,418 72 — 65 — 43,404 
Substandard— 8,522 — 107 — — 86 8,715 
Real estate construction total$284,148 $510,388 $186,022 $10,068 $11,048 $3,470 $6,572 $1,011,716 
Real estate construction charge-offs$284 $— $— $32 $— $— $— $316 
Agricultural and agricultural real estate
Pass$152,665 $208,375 $114,798 $67,006 $28,247 $43,663 $260,941 $875,695 
Watch2,245 16,257 293 622 70 349 427 20,263 
Substandard12 7,616 1,649 4 855 12,591 499 23,226 
Agricultural and agricultural real estate total$154,922 $232,248 $116,740 $67,632 $29,172 $56,603 $261,867 $919,184 
Agricultural and agricultural real estate charge-offs$— $— $— $9 $— $1 $5,309 $5,319 
Residential real estate
Pass$71,470 $177,564 $241,362 $73,029 $42,526 $155,899 $19,534 $781,384 
Watch171 973 945 659 158 4,845 — 7,751 
Substandard741 150 3,400 464 290 3,649 — 8,694 
Residential real estate total $72,382 $178,687 $245,707 $74,152 $42,974 $164,393 $19,534 $797,829 
Residential real estate charge-offs$— $59 $124 $— $— $— $— $183 
Consumer
Pass$45,595 $62,900 $35,459 $7,731 $3,663 $6,109 $324,218 $485,675 
Watch730 84 694 21 41 644 2,060 4,274 
Substandard80 308 401 75 159 1,769 465 3,257 
Consumer total$46,405 $63,292 $36,554 $7,827 $3,863 $8,522 $326,743 $493,206 
Consumer charge-offs$2 $246 $154 $27 $19 $112 $3,117 $3,677 
Total Pass$2,085,645 $2,901,425 $2,128,112 $773,698 $651,885 $1,012,958 $1,838,626 $11,392,349 
Total Watch103,921 130,920 33,047 11,501 38,127 73,492 31,236 422,244 
Total Substandard 57,951 40,695 11,792 17,706 30,467 61,931 33,510 254,052 
Total Loans$2,247,517 $3,073,040 $2,172,951 $802,905 $720,479 $1,148,381 $1,903,372 $12,068,645 
Total charge-offs$531 $1,953 $958 $1,527 $981 $2,272 $11,392 $19,614 
Schedule of Past Due Financing Receivables
The following table sets forth information regarding accruing and nonaccrual loans at September 30, 2024, and December 31, 2023, in thousands:
Accruing Loans
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More
Past Due		Total
Past
Due		CurrentNonaccrualTotal Loans
September 30, 2024
Commercial and industrial$3,367 $509 $832 $4,708 $3,472,413 $25,972 $3,503,093 
PPP— — — — 1,582 — 1,582 
Owner occupied commercial real estate1,503 103 — 1,606 2,482,680 5,411 2,489,697 
Non-owner occupied commercial real estate6 903 — 909 2,444,229 10,258 2,455,396 
Real estate construction3,707 13,105 — 16,812 1,102,948 162 1,119,922 
Agricultural and agricultural real estate1,058 — — 1,058 679,795 20,358 701,211 
Residential real estate2,010 1,483 — 3,493 699,183 5,308 707,984 
Consumer1,402 334 — 1,736 458,650 1,646 462,032 
Total loans receivable held to maturity$13,053 $16,437 $832 $30,322 $11,341,480 $69,115 $11,440,917 
December 31, 2023
Commercial and industrial$1,738 $126 $2,203 $4,067 $3,601,165 $46,815 $3,652,047 
PPP94 53 — 147 2,630 — 2,777 
Owner occupied commercial real estate205 2,664 74 2,943 2,603,640 31,592 2,638,175 
Non-owner occupied commercial real estate875 — — 875 2,552,469 367 2,553,711 
Real estate construction332 — — 332 1,010,601 783 1,011,716 
Agricultural and agricultural real estate121 — 12 133 909,841 9,210 919,184 
Residential real estate2,082 273 21 2,376 790,367 5,086 797,829 
Consumer2,257 150 197 2,604 489,029 1,573 493,206 
Total loans receivable held to maturity$7,704 $3,266 $2,507 $13,477 $11,959,742 $95,426 $12,068,645