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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME:    
Interest and fees on loans and leases $ 46,384 $ 39,827
Interest on securities:    
Taxable 7,761 4,659
Nontaxable 3,122 3,198
Interest on interest bearing deposits in other financial institutions 7 4
TOTAL INTEREST INCOME 57,274 47,688
INTEREST EXPENSE:    
Interest on deposits 4,778 5,076
Interest on short-term borrowings 226 148
Interest on other borrowings (includes $521 and $505 of interest expense related to derivatives reclassified from accumulated other comprehensive loss for the three months ended March 31, 2014 and 2013, respectively) 3,658 3,797
TOTAL INTEREST EXPENSE 8,662 9,021
NET INTEREST INCOME 48,612 38,667
Provision for loan and lease losses 6,331 637
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES 42,281 38,030
NONINTEREST INCOME:    
Service charges and fees 4,896 4,008
Loan servicing income 1,511 126
Trust fees 3,210 2,904
Brokerage and insurance commissions 1,123 951
Securities gains, net (includes $781 and $3,427 of net security gains reclassified from accumulated other comprehensive loss for the three months ended March 31, 2014 and 2013, respectively) 781 3,427
Gain (loss) on trading account securities (38) 314
Gains on sale of loans held for sale 6,379 13,157
Loss on sales/valuations of other real estate and repossessed assets, net (123) (502)
Valuation adjustment on mortgage servicing rights 0 496
Income on bank owned life insurance 363 405
Other noninterest income 625 680
TOTAL NONINTEREST INCOME 18,727 25,966
NONINTEREST EXPENSES:    
Salaries and employee benefits 32,319 29,740
Occupancy 4,050 3,185
Furniture and equipment 1,890 2,051
Professional fees 4,526 3,543
FDIC insurance assessments 980 902
Advertising 1,188 1,228
Intangible assets amortization 624 200
Other real estate and loan collection expenses 1,052 838
Other noninterest expenses 5,786 4,558
TOTAL NONINTEREST EXPENSES 52,415 46,245
INCOME BEFORE INCOME TAXES 8,593 17,751
Income taxes (includes $97 and $1,099 of income tax expense reclassified from accumulated other comprehensive loss for the three months ended March 31, 2014 and 2013, respectively) 1,703 5,199
NET INCOME 6,890 12,552
Net income available to noncontrolling interest, net of tax 0 (64)
NET INCOME ATTRIBUTABLE TO HEARTLAND 6,890 12,488
Preferred dividends and discount (204) (408)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 6,686 $ 12,080
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.36 $ 0.72
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.36 $ 0.70
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.10 $ 0.10