XML 13 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME:    
Interest and fees on loans and leases$ 37,393$ 38,756$ 111,839$ 114,354
Interest on securities:    
Taxable6,8268,22521,82026,618
Nontaxable3,3703,28210,4529,178
Interest on federal funds sold2031
Interest on interest bearing deposits in other financial institutions01113
TOTAL INTEREST INCOME47,59150,264144,115150,164
INTEREST EXPENSE:    
Interest on deposits7,0289,03322,72929,748
Interest on short-term borrowings205305689830
Interest on other borrowings4,1234,21312,14012,380
TOTAL INTEREST EXPENSE11,35613,55135,55842,958
NET INTEREST INCOME36,23536,713108,557107,206
Provision for loan and lease losses7,7274,79921,58123,648
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES28,50831,91486,97683,558
NONINTEREST INCOME:    
Service charges and fees3,6573,66510,61710,363
Loan servicing income1,0811,8623,9284,909
Trust fees2,3842,2677,5196,778
Brokerage and insurance commissions9187392,6222,236
Securities gains, net2,0852,1588,9304,664
Gain (loss) on trading account securities(83)18214(198)
Gains on sale of loans3,1832,3945,8934,275
Valuation adjustment on mortgage servicing rights (1,239)0(1,239)
Income on bank owned life insurance2083969421,003
Other noninterest income(171)349(126)1,245
TOTAL NONINTEREST INCOME13,26212,60940,53934,036
NONINTEREST EXPENSES    
Salaries and employee benefits17,73615,50253,40246,499
Occupancy2,3962,2876,9956,782
Furniture and equipment1,3921,5154,1614,561
Professional fees3,1102,6219,1827,381
FDIC insurance assessments7981,3312,9294,135
Advertising1,1919063,1542,772
Intangible assets amortization141149431445
Goodwill impairment charge 1,63901,639
Net loss on repossessed assets1,4094,2195,5527,919
Other noninterest expenses3,6903,27711,2879,789
NONINTEREST EXPENSES31,86333,44697,09391,922
INCOME BEFORE INCOME TAXES9,90711,07730,42225,672
Income taxes2,5494,1878,6318,382
NET INCOME7,3586,89021,79117,290
Net income available to noncontrolling interest, net of tax(20)30580
NET INCOME ATTRIBUTABLE TO HEARTLAND7,3386,92021,79617,370
Preferred dividends and discount(3,947)(1,336)(6,619)(4,008)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$ 3,391$ 5,584$ 15,177$ 13,362
EARNINGS PER COMMON SHARE - BASIC$ 0.21$ 0.34$ 0.92$ 0.82
EARNINGS PER COMMON SHARE - DILUTED$ 0.20$ 0.34$ 0.92$ 0.81
CASH DIVIDENDS DECLARED PER COMMON SHARE$ 0.10$ 0.10$ 0.30$ 0.30