Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet

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

BALANCE SHEETS
(Dollars in thousands)
	December 31,
	2013			2012
Assets:
Cash and interest bearing deposits	$	17,912		$	17,447
Trading securities	1,801			380
Securities available for sale	3,952			6,027
Other investments, at cost	235			235
Investment in subsidiaries	561,272			517,256
Other assets	33,407			29,303
Due from subsidiaries	6,000			7,000
Total assets	$	624,579		$	577,648
Liabilities and stockholders’ equity:
Other borrowings	$	174,153		$	158,752
Accrued expenses and other liabilities	10,966			17,091
Total liabilities	185,119			175,843
Stockholders’ equity:
Preferred stock	81,698			81,698
Common stock	18,399			16,828
Capital surplus	91,632			50,359
Retained earnings	265,067			236,279
Accumulated other comprehensive income (loss)	(17,336		)	16,641
Treasury stock	—			—
Total stockholders’ equity	439,460			401,805
Total liabilities and stockholders’ equity	$	624,579		$	577,648

Schedule of Condensed Income Statement

INCOME STATEMENTS
(Dollars in thousands)
	For the Years Ended December 31,
	2013			2012			2011
Operating revenues:
Dividends from subsidiaries	$	47,750		$	42,800		$	26,400
Securities gains, net	2,316			—			1,424
Gain on trading account securities	1,421			47			89
Other	726			664			476
Total operating revenues	52,213			43,511			28,389
Operating expenses:
Interest	9,206			9,133			9,113
Salaries and benefits	5,104			6,191			5,741
Professional fees	3,671			3,100			2,498
Other operating expenses	1,577			2,417			3,146
Total operating expenses	19,558			20,841			20,498
Equity in undistributed earnings (losses)	(1,275		)	19,739			12,852
Income before income tax benefit	31,380			42,409			20,743
Income tax benefit	5,409			7,383			7,301
Net income	36,789			49,792			28,044
Preferred dividends and discount	(1,093		)	(3,400		)	(7,640		)
Net income available to common stockholders	$	35,696		$	46,392		$	20,404

Schedule of Condensed Cash Flow Statement

STATEMENTS OF CASH FLOWS
(Dollars in thousands)
	For the Years Ended December 31,
	2013			2012			2011
Cash flows from operating activities:
Net income	$	36,789		$	49,792		$	28,044
Adjustments to reconcile net income to net cash provided  by operating activities:
Undistributed earnings (losses) of subsidiaries	1,275			(19,739		)	(12,852		)
Security gains, net	(2,316		)	—			(1,424		)
(Increase) decrease in due from subsidiaries	1,000			(4,250		)	—
Increase (decrease) in accrued expenses and other liabilities	(6,125		)	4,448			5,714
Increase in other assets	(4,104		)	(7,163		)	(2,157		)
Increase in trading account securities	(1,421		)	(47		)	(89		)
Other, net	4,089			1,776			(442		)
Net cash provided by operating activities	29,187			24,817			16,794
Cash flows from investing activities:
Capital contributions to subsidiaries	(69,429		)	(32,841		)	(6,000		)
Purchases of other securities	—			(195		)	—
Proceeds from sales of available for sale securities	2,925			—			1,507
Proceeds from sale of other investments	—			155			—
Net assets acquired	44,697			—			—
Net cash used by investing activities	(21,807		)	(32,881		)	(4,493		)
Cash flows from financing activities:
Net change in short-term borrowings	—			—			(5,000		)
Proceeds from other borrowings	80			10,000			18,165
Repayments of other borrowings	(1,255		)	(6,374		)	(3,938		)
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	(8,001		)	(11,695		)	(11,172		)
Purchase of treasury stock	(2,004		)	(2,937		)	(389		)
Proceeds from issuance of common stock	4,265			9,557			1,428
Net cash provided (used) by financing activities	(6,915		)	(1,449		)	(2,706		)
Net increase (decrease) in cash and cash equivalents	465			(9,513		)	9,595
Cash and cash equivalents at beginning of year	17,447			26,960			17,365
Cash and cash equivalents at end of year	$	17,912		$	17,447		$	26,960
Supplemental disclosure:
Stock consideration granted for acquisition	$	38,755		$	—		$	—