Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Amounts used in the determination of basic and diluted earnings per share for the three-month periods ended March 31, 2017 and 2016, are shown in the table below:

	Three Months Ended March 31,
(Dollars and number of shares in thousands, except per share data)	2017			2016
Net income attributable to Heartland	$	18,010		$	20,009
Preferred dividends	(19		)	(168		)
Interest expense on convertible preferred debt	5			—
Net income available to common stockholders	$	17,996		$	19,841
Weighted average common shares outstanding for basic earnings per share	26,335			23,657
Assumed incremental common shares issued upon exercise of stock options and non-vested restricted stock units	293			460
Weighted average common shares for diluted earnings per share	26,628			24,117
Earnings per common share — basic	$	0.68		$	0.84
Earnings per common share — diluted	$	0.68		$	0.82
Number of antidilutive common stock equivalents excluded from diluted earnings per share computation	—			57

Summary of Status of RSUs

A summary of the RSUs outstanding as of March 31, 2017 and 2016, and changes during the three months ended March 31, 2017 and 2016, follows:

	2017				2016
	Shares		Weighted-Average Grant Date Fair Value		Shares		Weighted-Average Grant Date Fair Value
Outstanding at January 1	346,817		$	27.61	353,195		$	25.53
Granted	92,267		47.50		119,718		29.05
Vested	(103,897	)	24.74		(83,982	)	20.79
Forfeited	(7,765	)	31.03		(2,078	)	27.17
Outstanding at March 31	327,422		$	34.04	386,853		$	27.53

Summary of Status of Stock Options

A summary of the stock options outstanding as of March 31, 2017 and 2016, and changes during the three months ended March 31, 2017 and 2016, follows:

	2017				2016
	Shares		Weighted-Average Exercise Price		Shares		Weighted-Average Exercise Price
Outstanding at January 1	26,400		$	18.60	125,950		$	24.08
Granted	—		—		—		—
Exercised	(5,500	)	18.60		(19,750	)	21.60
Forfeited	—		—		(1,250	)	21.60
Outstanding at March 31	20,900		$	18.60	104,950		$	24.58
Options exercisable at March 31	20,900		$	18.60	104,950		$	24.58