Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

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

BALANCE SHEETS
(Dollars in thousands)
	December 31,
	2016			2015
Assets:
Cash and interest bearing deposits	$	65,007		$	85,327
Securities available for sale	2,224			2,039
Other investments, at cost	195			235
Investment in subsidiaries	901,310			789,244
Other assets	26,154			26,102
Due from subsidiaries	6,000			6,000
Total assets	$	1,000,890		$	908,947
Liabilities and stockholders’ equity:
Short-term borrowings	$	—		$	15,000
Other borrowings	249,245			213,580
Accrued expenses and other liabilities	10,729			17,194
Total liabilities	259,974			245,774
Stockholders’ equity:
Preferred stock	1,357			81,698
Common stock	26,120			22,436
Capital surplus	328,376			216,436
Retained earnings	416,109			348,630
Accumulated other comprehensive income (loss)	(31,046		)	(6,027		)
Treasury stock	—			—
Total stockholders’ equity	740,916			663,173
Total liabilities and stockholders’ equity	$	1,000,890		$	908,947

Schedule of Condensed Income Statements

INCOME STATEMENTS
(Dollars in thousands)
	For the Years Ended December 31,
	2016			2015			2014
Operating revenues:
Dividends from subsidiaries	$	55,250		$	70,000		$	47,485
Securities gains, net	54			3,038			—
Gain (loss) on trading account securities	—			—			(38		)
Other	1,712			712			640
Total operating revenues	57,016			73,750			48,087
Operating expenses:
Interest	13,840			12,996			10,052
Salaries and employee benefits	3,044			5,028			5,584
Professional fees	2,487			4,735			3,406
Other operating expenses	2,664			4,234			2,173
Total operating expenses	22,035			26,993			21,215
Equity in undistributed earnings	37,926			2,570			6,749
Income before income tax benefit	72,907			49,327			33,621
Income tax benefit	7,442			10,715			8,279
Net income	80,349			60,042			41,900
Preferred dividends	(292		)	(817		)	(817		)
Interest expense on convertible preferred debt	51			—			$	—
Net income available to common stockholders	$	80,108		$	59,225		$	41,083

Schedule of Condensed Statements of Cash Flows

STATEMENTS OF CASH FLOWS
(Dollars in thousands)
	For the Years Ended December 31,
	2016			2015			2014
Cash flows from operating activities:
Net income	$	80,349		$	60,042		$	41,900
Adjustments to reconcile net income to net cash provided  by operating activities:
Undistributed (earnings) losses of subsidiaries	(37,926		)	(2,570		)	(6,749		)
Security gains, net	(54		)	(3,038		)	—
Increase (decrease) in accrued expenses and other liabilities	(7,039		)	4,550			1,678
(Increase) decrease in other assets	1,948			(7,379		)	14,135
(Increase) decrease in trading account securities	—			—			1,801
Other, net	4,892			5,014			2,962
Net cash provided by operating activities	42,170			56,619			55,727
Cash flows from investing activities:
Capital contributions to subsidiaries	(18,000		)	(114,602		)	(6,735		)
Proceeds from sales of available for sale securities	—			3,774			—
Proceeds from the maturity of and principal paydowns on other investments	—			619			—
Proceeds from sale of other investments	94			—			—
Net assets acquired	(14,587		)	44,066			—
Net cash used by investing activities	(32,493		)	(66,143		)	(6,735		)
Cash flows from financing activities:
Proceeds from borrowings	40,000			15,000			73,950
Repayments of borrowings	(26,280		)	(35,557		)	(9,162		)
Redemption of preferred stock	(81,698		)	—			—
Cash dividends paid	(12,870		)	(10,176		)	(8,203		)
Purchase of treasury stock	(3,719		)	(2,987		)	(899		)
Excess tax benefits on exercised stock options	374			676			124
Proceeds from issuance of common stock	54,196			3,508			1,673
Net cash provided (used) by financing activities	(29,997		)	(29,536		)	57,483
Net increase (decrease) in cash and cash equivalents	(20,320		)	(39,060		)	106,475
Cash and cash equivalents at beginning of year	85,327			124,387			17,912
Cash and cash equivalents at end of year	$	65,007		$	85,327		$	124,387
Supplemental disclosure:
Conversion of convertible debt to common stock	$	1,442		$	—		$	—
Conversion of Series D preferred stock to common stock	$	2,420		$	—		$	—
Stock consideration granted for acquisition	$	57,433		$	120,070		$	—