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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME:    
Interest and fees on loans and leases $ 38,399 $ 36,966
Interest on securities:    
Taxable 7,572 7,411
Nontaxable 2,271 3,564
Interest on interest bearing deposits in other financial institutions 0 1
TOTAL INTEREST INCOME 48,242 47,942
INTEREST EXPENSE:    
Interest on deposits 5,775 8,026
Interest on short-term borrowings 213 259
Interest on other borrowings 4,061 3,936
TOTAL INTEREST EXPENSE 10,049 12,221
NET INTEREST INCOME 38,193 35,721
Provision for loan and lease losses 2,354 10,009
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 35,839 25,712
NONINTEREST INCOME:    
Service charges and fees 3,584 3,361
Loan servicing income 1,760 1,549
Trust fees 2,613 2,479
Brokerage and insurance commissions 910 848
Securities gains, net 3,943 2,089
Gain (loss) on trading account securities (3) 216
Impairment loss on securities (981) 0
Gains on sale of loans 8,502 1,402
Valuation adjustment on mortgage servicing rights 13 0
Income on bank owned life insurance 482 403
Other noninterest income 2,565 261
TOTAL NONINTEREST INCOME 23,388 12,608
NONINTEREST EXPENSES    
Salaries and employee benefits 23,996 18,186
Occupancy 2,482 2,386
Furniture and equipment 1,446 1,409
Professional fees 2,760 3,019
FDIC insurance assessments 864 1,345
Advertising 1,071 850
Intangible assets amortization 131 146
Net loss on repossessed assets 2,904 1,632
Other noninterest expenses 4,486 3,914
NONINTEREST EXPENSES 40,140 32,887
INCOME BEFORE INCOME TAXES 19,087 5,433
Income taxes 6,272 1,212
NET INCOME 12,815 4,221
Net income available to noncontrolling interest, net of tax 26 16
NET INCOME ATTRIBUTABLE TO HEARTLAND 12,841 4,237
Preferred dividends and discount (1,021) (1,336)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 11,820 $ 2,901
EARNINGS PER COMMON SHARE - BASIC $ 0.72 $ 0.18
EARNINGS PER COMMON SHARE - DILUTED $ 0.71 $ 0.18
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.10 $ 0.10