13F-HR 1 r13f12312010.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2010 Check here if Amendment [ ] Amendment Number: This Amendment [ ] is a restatement [ ] adds new holding entries Institutional Investment Manager Filing this Report: Name: HILLS BANK AND TRUST COMPANY Address: 131 MAIN STREET HILLS, IA 52235 13F File Number: 28-11079 The institutional investment Manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: JONI MCFARLAND Title: VP, TRUST OPERATIONS Phone: 319-679-2178 Signature, Place, and Date of Signing: 1 HILLS IOWA 01/10/2011 Report Type (Check only one) [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 90 Form 13F Information Table Value Total: $ 156,992 List of Other Included Managers: No. 13F File Number Name 1 028-11079 HILLS BANK AND TRUST COMPANY FORM 13F INFORMATION TABLE TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (X $1000) PRN AMOUNTPRN CALL DISCRTN MANAGERS SOLE SHARED NONE AFLAC INC COM 001055102 333 5904 SH DEFINED 5400 DEFINED 1 504 AT&T COM 00206R102 1745 59394 SH DEFINED 20727 DEFINED 1 38667 ABBOTT LABORATORIES COM 002824100 240 5007 SH DEFINED 1400 DEFINED 1 3607 ALLIANT ENERGY CORP COM 018802108 326 8872 SH DEFINED 4400 DEFINED 1 4472 AMERICAN EXPRESS COM 025816109 383 8935 SH DEFINED 6600 DEFINED 1 2335 A O N CORPORATION COM 037389103 219 4750 SH DEFINED 3650 DEFINED 1 1100 APPLE INC COM 037833100 514 1595 SH DEFINED 645 DEFINED 1 950 AUTOMATIC DATA PROCESSING INC COM 053015103 271 5850 SH DEFINED 4850 DEFINED 1 1000 BERKSHIRE HATHAWAY CLASS COM 084670108 1084 9 SH DEFINED 7 DEFINED 1 2 BERKSHIRE HATHAWAY CLASS COM 084670702 217 2707 SH DEFINED 917 DEFINED 1 1790 BEST BUY COM 086516101 781 22766 SH DEFINED 10918 DEFINED 1 11848 BRINKER INTERNATIONAL INC COM 109641100 898 43025 SH DEFINED 18615 DEFINED 1 24410 CHEVRON CORP COM 166764100 466 5106 SH DEFINED 1290 DEFINED 1 3816 CISCO SYSTEMS COM 17275R102 2 100 SH SOLE 1 100 CISCO SYSTEMS COM 17275R102 2643 130666 SH DEFINED 60099 DEFINED 1 70567 CITIGROUP INC COM 172967101 53 11253 SH DEFINED 850 DEFINED 1 10403 CLOROX COMPANY COM 189054109 1073 16955 SH DEFINED 7485 DEFINED 1 9470 COGNIZANT TECHNOLOGY SOLUTIONS COM 192446102 489 6675 SH DEFINED 5100 DEFINED 1 1575 COMCAST CORP COM 20030N200 240 11516 SH DEFINED 10150 DEFINED 1 1366 DANAHER CORP. COM 235851102 226 4784 SH DEFINED 4312 DEFINED 1 472 DEERE & CO COM 244199105 687 8275 SH DEFINED 7500 DEFINED 1 775 DENTSPLY INTERNATIONAL COM 249030107 0 20 SH SOLE 1 20 DENTSPLY INTERNATIONAL COM 249030107 1687 49375 SH DEFINED 25914 DEFINED 1 23461 DONALDSON COM 257651109 2 35 SH SOLE 1 35 DONALDSON COM 257651109 2703 46377 SH DEFINED 22660 DEFINED 1 23717 EBAY INC COM 278642103 1217 43745 SH DEFINED 18290 DEFINED 1 25455 EMERSON ELECTRIC COMPANY COM 291011104 2180 38134 SH DEFINED 17200 DEFINED 1 20934 EXPRESS SCRIPTS INC COM 302182100 800 14796 SH DEFINED 12096 DEFINED 1 2700 EXXON MOBIL CORP COM 30231G102 4106 56158 SH DEFINED 29964 DEFINED 1 26194 FASTENAL CO COM 311900104 4992 83326 SH DEFINED 35949 DEFINED 1 47377 FISERV COM 337738108 2 30 SH SOLE 1 30 FISERV COM 337738108 2178 37187 SH DEFINED 17687 DEFINED 1 19500 GENERAL ELECTRIC CO COM 369604103 2700 147639 SH DEFINED 78001 DEFINED 1 69638 GENERAL MILLS INC COM 370334104 1254 35221 SH DEFINED 16593 DEFINED 1 18628 HOME DEPOT INC COM 437076102 2737 78068 SH DEFINED 32838 DEFINED 1 45230 IDEXX LABORATORIES INC COM 45168D104 201 2900 SH DEFINED 1 2900 ILLINOIS TOOL WORKS INC COM 452308109 4158 77873 SH DEFINED 32952 DEFINED 1 44921 INTEL CORP COM 458140100 2 100 SH SOLE 1 100 INTEL CORP COM 458140100 3559 169229 SH DEFINED 78168 DEFINED 1 91061 INTERCONTINENTAL EXCHANGE INC COM 45865V100 644 5405 SH DEFINED 2460 DEFINED 1 2945 IBM COM 459200101 4336 29542 SH DEFINED 12610 DEFINED 1 16932 ISHARES COM 464287465 74 1275 SH SOLE 1 1275 ISHARES COM 464287465 8936 153485 SH DEFINED 72455 DEFINED 10 DEFINED 1 81020 ISHARES COM 464287804 818 11950 SH DEFINED 1875 DEFINED 1 10075 ISHARES COM 464288786 1513 48270 SH DEFINED 19435 DEFINED 1 28835 ISHARES COM 464288828 1144 21233 SH DEFINED 9852 DEFINED 1 11381 J P MORGAN CHASE & CO COM 46625H100 969 22853 SH DEFINED 9510 DEFINED 1 13343 JOHNSON & JOHNSON INC COM 478160104 2 25 SH SOLE 1 25 JOHNSON & JOHNSON INC COM 478160104 3298 53322 SH DEFINED 28844 DEFINED 1 24478 MDU RESOURCES GROUP INC COM 552690109 255 12600 SH DEFINED 200 DEFINED 1 12400 MC DONALD'S CORPORATION COM 580135101 1672 21780 SH DEFINED 11446 DEFINED 1 10334 MCKESSON CORP. COM 58155Q103 1315 18690 SH DEFINED 18690 MEDTRONIC INC COM 585055106 1995 53795 SH DEFINED 25568 DEFINED 1 28227 MICROSOFT CORPORATION COM 594918104 2824 101175 SH DEFINED 48548 DEFINED 1 52627 NYSE EURONEXT COM 629491101 790 26360 SH DEFINED 10940 DEFINED 1 15420 NIKE INC CLASS B COM 654106103 1534 17958 SH DEFINED 8300 DEFINED 1 9658 OMNICOM GROUP COM 681919106 1359 29681 SH DEFINED 14355 DEFINED 1 15326 PEPSICO COM 713448108 2 25 SH SOLE 1 25 PEPSICO COM 713448108 5322 81467 SH DEFINED 41200 DEFINED 1 40267 PFIZER INC COM 717081103 341 19490 SH DEFINED 15987 DEFINED 1 3503 POWERSHARES COM 73935X856 837 38236 SH DEFINED 15743 DEFINED 1 22493 POWERSHARES GLOBAL EFT CLEAN COM 73936T615 1029 73734 SH DEFINED 27406 DEFINED 1 46328 T ROWE PRICE GROUP COM 74144T108 2111 32706 SH DEFINED 16343 DEFINED 1 16363 PROCTER & GAMBLE CO COM 742718109 12722 197768 SH DEFINED 123647 DEFINED 1 74121 STANDARD & POOR'S DEPOSITORY COM 78462F103 9865 78447 SH DEFINED 28872 DEFINED 1 49575 STANDARD & POORS COM 78467Y107 103 625 SH SOLE 1 625 STANDARD & POORS COM 78467Y107 12087 73398 SH DEFINED 31570 DEFINED 10 DEFINED 1 41818 SCHLUMBERGER LTD COM 806857108 357 4279 SH DEFINED 2650 DEFINED 1 1629 SECTOR SPDR TR COM 81369Y100 4054 105541 SH DEFINED 49580 DEFINED 1 55961 SECTOR SPDR TR COM 81369Y506 2 25 SH SOLE 1 25 SECTOR SPDR TR COM 81369Y506 7352 107718 SH DEFINED 45741 DEFINED 1 61977 SECTOR SPDR TR COM 81369Y886 2077 66271 SH DEFINED 27540 DEFINED 1 38731 THE SOUTHERN COMPANY COM 842587107 325 8497 SH DEFINED 626 DEFINED 1 7871 STATE STREET CORP COM COM 857477103 1595 34421 SH DEFINED 13810 DEFINED 1 20611 STERICYCLE INC COM 858912108 4 50 SH SOLE 1 50 STERICYCLE INC COM 858912108 501 6195 SH DEFINED 4320 DEFINED 1 1875 SUN LIFE FINANCIAL - THIS IS A FOR 866796105 662 22000 SH DEFINED 1 22000 SUNCOR ENERGY INC FOR 867224107 467 12200 SH DEFINED 9800 DEFINED 1 2400 SYSCO CORP COM 871829107 1455 49482 SH DEFINED 23492 DEFINED 1 25990 TARGET CORP COM 87612E106 2071 34443 SH DEFINED 15559 DEFINED 1 18884 TEVA PHARMACEUTICAL INDUST LTD FOR 881624209 2 35 SH SOLE 1 35 TEVA PHARMACEUTICAL INDUST LTD FOR 881624209 1648 31618 SH DEFINED 16898 DEFINED 1 14720 THERMO FISHER SCIENTIFIC INC COM 883556102 1556 28106 SH DEFINED 12578 DEFINED 1 15528 US BANCORP COM 902973304 1986 73647 SH DEFINED 33754 DEFINED 1 39893 VERIZON COMMUNICATIONS INC COM 92343V104 710 19855 SH DEFINED 12919 DEFINED 1 6936 WALMART COM 931142103 271 5029 SH DEFINED 2450 DEFINED 1 2579 WALGREENS COM 931422109 273 7007 SH DEFINED 5100 DEFINED 1 1907 WELLS FARGO & CO COM 949746101 2988 96406 SH DEFINED 39527 DEFINED 1 56879 YUM BRANDS INC COM 988498101 204 4150 SH DEFINED 2490 DEFINED 1 1660 ALCON INC FOR H01301102 1167 7140 SH DEFINED 3148 DEFINED 1 3992