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Securities (Tables)
 3 Months Ended
Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available for Sale Securities
The amortized cost, gross unrealized gains and losses, and estimated fair values of securities available for sale as of March 31, 2018, and December 31, 2017, are summarized in the table below, in thousands:
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
March 31, 2018
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
11,254

 
$
3

 
$
(69
)
 
$
11,188

Mortgage and asset-backed securities
1,691,092

 
3,968

 
(47,456
)
 
1,647,604

Obligations of states and political subdivisions
361,475

 
1,132

 
(10,427
)
 
352,180

Total debt securities
2,063,821

 
5,103

 
(57,952
)
 
2,010,972

Equity securities
16,693

 
—

 
—

 
16,693

Total
$
2,080,514

 
$
5,103

 
$
(57,952
)
 
$
2,027,665

December 31, 2017
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
5,358

 
$
8

 
$
(38
)
 
$
5,328

Mortgage and asset-backed securities
1,785,467

 
5,856

 
(37,587
)
 
1,753,736

Obligations of states and political subdivisions
441,060

 
4,669

 
(4,714
)
 
441,015

Total debt securities
2,231,885


10,533


(42,339
)

2,200,079

Equity securities
16,296

 
378

 
—

 
16,674

Total
$
2,248,181

 
$
10,911

 
$
(42,339
)
 
$
2,216,753
Schedule of Held to Maturity Securities
The amortized cost, gross unrealized gains and losses and estimated fair values of held to maturity securities as of March 31, 2018, and December 31, 2017, are summarized in the table below, in thousands:
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
March 31, 2018
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
249,766

 
$
9,699

 
$
(827
)
 
$
258,638

Total
$
249,766

 
$
9,699

 
$
(827
)
 
$
258,638

December 31, 2017
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
253,550

 
$
12,460

 
$
(516
)
 
$
265,494

Total
$
253,550

 
$
12,460

 
$
(516
)
 
$
265,494
Investments Classified by Contractual Maturity Date
The amortized cost and estimated fair value of debt securities available for sale at March 31, 2018, by contractual maturity, are as follows, in thousands. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties.
 
March 31, 2018
 
Amortized Cost
 
Estimated Fair Value
Due in 1 year or less
$
5,397

 
$
5,392

Due in 1 to 5 years
56,369

 
56,209

Due in 5 to 10 years
116,517

 
112,484

Due after 10 years
194,446

 
189,283

Total debt securities
372,729

 
363,368

Mortgage and asset-backed securities
1,691,092

 
1,647,604

Equity securities
16,693

 
16,693

Total investment securities
$
2,080,514

 
$
2,027,665


The amortized cost and estimated fair value of debt securities held to maturity at March 31, 2018, by contractual maturity, are as follows, in thousands. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties.
 
March 31, 2018
 
Amortized Cost
 
Estimated Fair Value
Due in 1 year or less
$
2,486

 
$
2,523

Due in 1 to 5 years
27,627

 
28,231

Due in 5 to 10 years
104,170

 
106,538

Due after 10 years
115,483

 
121,346

Total investment securities
$
249,766

 
$
258,638
Schedule of Realized Gross Gains (Losses)
Gross gains and losses realized related to the sales of securities available for sale for the three-month periods ended March 31, 2018 and 2017, are summarized as follows, in thousands:
 
Three Months Ended
March 31,
 
2018
 
2017
Proceeds from sales
$
392,246

 
$
221,637

Gross security gains
3,013

 
3,830

Gross security losses
1,572

 
1,339
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables summarize, in thousands, the amount of unrealized losses, defined as the amount by which cost or amortized cost exceeds fair value, and the related fair value of investments with unrealized losses in Heartland's securities portfolio as of March 31, 2018, and December 31, 2017. The investments were segregated into two categories: those that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 months or more. The reference point for determining how long an investment was in an unrealized loss position was March 31, 2017, and December 31, 2016, respectively. Securities for which Heartland has taken credit-related other-than-temporary impairment ("OTTI") write-downs are categorized as being "less than 12 months" or "12 months or longer" in a continuous loss position based on the point in time that the fair value declined to below the cost basis and not the period of time since the credit-related OTTI write-down.
Securities available for sale
Less than 12 months
 
12 months or longer
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
U.S. government corporations and agencies
$
10,685

 
$
(69
)
 
$
—

 
$
—

 
$
10,685

 
$
(69
)
Mortgage and asset-backed securities
923,293

 
(18,459
)
 
379,672

 
(28,997
)
 
1,302,965

 
(47,456
)
Obligations of states and political subdivisions
177,100

 
(3,456
)
 
131,574

 
(6,971
)
 
308,674

 
(10,427
)
Total debt securities
1,111,078

 
(21,984
)
 
511,246

 
(35,968
)
 
1,622,324

 
(57,952
)
Total temporarily impaired securities
$
1,111,078

 
$
(21,984
)
 
$
511,246

 
$
(35,968
)
 
$
1,622,324

 
$
(57,952
)
December 31, 2017
U.S. government corporations and agencies
$
4,819

 
$
(38
)
 
$
—

 
$
—

 
$
4,819

 
$
(38
)
Mortgage and asset-backed securities
851,070

 
(11,533
)
 
399,978

 
(26,054
)
 
1,251,048

 
(37,587
)
Obligations of states and political subdivisions
93,040

 
(667
)
 
159,180

 
(4,047
)
 
252,220

 
(4,714
)
Total debt securities
948,929

 
(12,238
)
 
559,158

 
(30,101
)
 
1,508,087

 
(42,339
)
Total temporarily impaired securities
$
948,929

 
$
(12,238
)
 
$
559,158

 
$
(30,101
)
 
$
1,508,087

 
$
(42,339
)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value
Securities held to maturity
Less than 12 months
 
12 months or longer
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
30,496

 
$
(272
)
 
$
7,907

 
$
(555
)
 
$
38,403

 
$
(827
)
Total temporarily impaired securities
$
30,496

 
$
(272
)
 
$
7,907

 
$
(555
)
 
$
38,403

 
$
(827
)
December 31, 2017
Obligations of states and political subdivisions
$
8,512

 
$
(49
)
 
$
8,989

 
$
(467
)
 
$
17,501

 
$
(516
)
Total temporarily impaired securities
$
8,512

 
$
(49
)
 
$
8,989

 
$
(467
)
 
$
17,501

 
$
(516
)