XML 105 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
INTEREST INCOME:      
Interest and fees on loans and leases $ 156,499 $ 149,603 $ 151,794
Interest on securities:      
Taxable 22,129 28,195 34,507
Nontaxable 10,698 13,935 12,616
Interest on federal funds sold 4 3 1
Interest on interest bearing deposits in other financial institutions 8 1 14
TOTAL INTEREST INCOME 189,338 191,737 198,932
INTEREST EXPENSE:      
Interest on deposits 22,230 29,224 38,272
Interest on short-term borrowings 818 893 1,160
Interest on other borrowings 16,134 16,226 16,448
TOTAL INTEREST EXPENSE 39,182 46,343 55,880
NET INTEREST INCOME 150,156 145,394 143,052
Provision for loan and lease losses 8,202 29,365 32,508
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 141,954 116,029 110,544
NONINTEREST INCOME:      
Service charges and fees 15,242 14,303 13,900
Loan servicing income 11,300 5,932 7,232
Trust fees 10,478 9,856 9,206
Brokerage and insurance commissions 3,702 3,511 3,184
Securities gains, net 13,998 13,104 6,834
Gain (loss) on trading account securities 47 89 (91)
Impairment loss on securities (981) 0 0
Gains on sale of loans 49,198 11,366 8,088
Valuation adjustment on mortgage servicing rights (477) (19) 0
Income on bank owned life insurance 1,442 1,349 1,466
Other noninterest income 4,713 86 2,510
TOTAL NONINTEREST INCOME 108,662 59,577 52,329
NONINTEREST EXPENSES:      
Salaries and employee benefits 105,727 75,537 63,391
Occupancy 10,629 9,363 9,121
Furniture and equipment 6,326 5,636 6,104
Professional fees 15,338 12,567 10,446
FDIC insurance assessments 3,292 3,777 5,441
Advertising 5,294 4,292 3,830
Intangible assets amortization 562 572 591
Goodwill impairment charge 0 0 1,639
Net loss on repossessed assets 9,969 9,807 15,264
Other noninterest expenses 26,244 15,745 13,412
TOTAL NONINTEREST EXPENSES 183,381 137,296 129,239
Income before income taxes 67,235 38,310 33,634
Income taxes 17,384 10,302 9,846
NET INCOME 49,851 28,008 23,788
Net income (loss) available to noncontrolling interest, net of tax (59) 36 115
NET INCOME ATTRIBUTABLE TO HEARTLAND 49,792 28,044 23,903
Preferred dividends and discount (3,400) (7,640) (5,344)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 46,392 $ 20,404 $ 18,559
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 2.81 $ 1.24 $ 1.13
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 2.77 $ 1.23 $ 1.13
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.50 $ 0.40 $ 0.40