Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2011

Parent Company Only Financial Information [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

PARENT COMPANY ONLY FINANCIAL INFORMATION

Condensed financial information for Heartland Financial USA, Inc. is as follows:

BALANCE SHEETS
(Dollars in thousands)
	December 31,
	2011			2010
Assets:
Cash and interest bearing deposits	$	26,960		$	17,365
Trading securities	333			244
Securities available for sale	4,858			6,365
Investment in subsidiaries	460,946			435,224
Other assets	22,140			19,970
Due from subsidiaries	2,750			2,750
Total assets	$	517,987		$	481,918
Liabilities and stockholders’ equity:
Short-term borrowings	$	—		$	5,000
Other borrowings	155,126			140,899
Accrued expenses and other liabilities	12,643			6,928
Total liabilities	167,769			152,827
Stockholders’ equity:
Preferred stock	81,698			78,483
Common stock	16,612			16,612
Capital surplus	43,333			44,628
Retained earnings	198,182			184,525
Accumulated other comprehensive income	12,147			8,517
Treasury stock	(1,754		)	(3,674		)
Total stockholders’ equity	350,218			329,091
Total liabilities and stockholders’ equity	$	517,987		$	481,918

INCOME STATEMENTS
(Dollars in thousands)
	For the years ended December 31,
	2011			2010			2009
Operating revenues:
Dividends from subsidiaries	$	26,400		$	19,700		$	12,000
Securities gains, net	1,424			101			2,405
Gain (loss) on trading account securities	89			(91		)	211
Impairment loss on equity securities	—			—			(40		)
Other	476			671			1,734
Total operating revenues	28,389			20,381			16,310
Operating expenses:
Interest	9,113			7,499			6,104
Salaries and benefits	5,741			2,800			957
Professional fees	2,498			694			547
Other operating expenses	3,146			3,075			717
Total operating expenses	20,498			14,068			8,325
Equity in undistributed earnings (loss)	12,852			12,605			(3,055		)
Income before income tax benefit	20,743			18,918			4,930
Income tax benefit	7,301			4,985			1,632
Net income	28,044			23,903			6,562
Preferred dividends and discount	(7,640		)	(5,344		)	(5,344		)
Net income available to common stockholders	$	20,404		$	18,559		$	1,218

STATEMENTS OF CASH FLOWS
(Dollars in thousands)
	For the years ended December 31,
	2011			2010			2009
Cash flows from operating activities:
Net income	$	28,044		$	23,903		$	6,562
Adjustments to reconcile net income to net cash provided  by operating activities:
Undistributed loss (earnings) of subsidiaries	(12,852		)	(12,605		)	3,055
Security gains, net	(1,424		)	(101		)	(2,405		)
Impairment loss on securities	—			—			40
Decrease in due from subsidiaries	—			2,000			10,750
Increase in accrued expenses and other liabilities	5,714			897			9
(Increase) decrease in other assets	(2,157		)	(5,443		)	1,227
(Increase) decrease in trading account securities	(89		)	451			997
Other, net	(442		)	(2,354		)	987
Net cash provided by operating activities	16,794			6,748			21,222
Cash flows from investing activities:
Capital contributions to subsidiaries	(6,000		)	(21,047		)	(43,720		)
Purchases of available for sale securities	—			(8,101		)	(2,919		)
Proceeds from the maturity of and principal paydowns on securities available for sale	—			1,644			33,332
Proceeds from sales of available for sale securities	1,507			16,814			—
Net cash used by investing activities	(4,493		)	(10,690		)	(13,307		)
Cash flows from financing activities:
Net change in short-term borrowings	(5,000		)	—			5,000
Proceeds from other borrowings	18,165			24,844			—
Repayments of other borrowings	(3,938		)	(240		)	(792		)
Proceeds from issuance of preferred stock	81,698			—			—
Payment for the repurchase of preferred stock	(81,698		)	—			—
Redemption of warrant	(1,800		)	—			—
Cash dividends paid	(11,172		)	(10,606		)	(10,182		)
Purchase of treasury stock	(389		)	(212		)	(236		)
Proceeds from issuance of common stock	1,428			1,360			970
Net cash provided (used) by financing activities	(2,706		)	15,146			(5,240		)
Net increase in cash and cash equivalents	9,595			11,204			2,675
Cash and cash equivalents at beginning of year	17,365			6,161			3,486
Cash and cash equivalents at end of year	$	26,960		$	17,365		$	6,161