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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Balance Sheet Category and Fair Values of Derivatives The table below identifies the balance sheet category and fair value of HTLF's derivative instrument designated as a cash flow hedge at December 31, 2022, in thousands:
Notional AmountFair Value Balance Sheet Category
December 31, 2022
Interest rate swap500,000 13 Other Assets
The table below identifies the fair value of the interest rate swaps designated as fair value hedges and the balance sheet category of the interest rate swaps at December 31, 2023, and December 31, 2022, in thousands:
Fair ValueBalance Sheet Category
December 31, 2023
Interest rate swaps-loans receivable held to maturity$5,027 Other assets
Interest rate swaps-securities carried at fair value23,182 Other assets
Interest rate swaps-loans receivable held to maturity27,554 Other liabilities
December 31, 2022
Interest rate swaps-loans receivable held to maturity$54 Other assets
The table below identifies the effect of fair value hedge accounting on the consolidated statements of income, in thousands:

Year Ended December 31,
20232022
Hedged item (loans receivable held to maturity)$24,318 $(113)
Hedged item (securities carried at fair value)(20,913)— 
Derivatives designated as hedging instruments on loans receivable held to maturity(24,704)159 
Derivatives designated as hedging instruments on securities carried at fair value20,979 — 
The table below identifies the notional amount, fair value and balance sheet category of HTLF's embedded derivatives as of December 31, 2023, and December 31, 2022, in thousands:
Notional AmountFair ValueBalance Sheet Category
December 31, 2023
Embedded derivatives $2,391 $61 Other Assets
December 31, 2022
Embedded derivatives $6,028 $135 Other Assets
The table below identifies the gains and losses recognized on HTLF's embedded derivatives for the years ended December 31, 2023 and December 31, 2022, in thousands:
Year Ended December 31,
20232022
Gain (loss) recognized in other noninterest income on embedded derivatives$(74)$452 
Gains and Losses Recognized on Derivative Instruments Designated as Cash Flow Hedges
The table below identifies the gains recognized on HTLF's derivative instrument designated as a cash flow hedge for the year ended December 31, 2023, and December 31, 2022, in thousands:
Recognized in OCIReclassified from AOCI into Income
Amount of Gain (Loss)CategoryAmount of Gain (Loss)
For the Year Ended December 31, 2023
Interest rate swap $1,952 Interest income$(575)
For the Year Ended December 31, 2022
Interest rate swap $13 Interest income$487 
The table below identifies the net impact to interest income recognized on HTLF's fair value hedges specific to the fair value remeasurements and the income statement classification where it is recorded in comparison to the total amount of interest income presented on the consolidated statements of income for the year ended December 31, 2023, and December 31, 2022, in thousands:
Year Ended December 31,
20232022
Gain (loss) recognized in interest income and fees on loans
$(386)$46 
Total amount of interest and fees on loans697,997477,970 
Gain (loss) recognized in interest income on securities-taxable
66 — 
Total amount of interest on securities-taxable223,521169,544 
Balance Sheet Category and Fair Value of Derivative Instruments Designated as Cash Flow Hedges
The table below identifies the carrying amount of the hedged assets and cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets that are designated as a fair value hedge accounting relationship at December 31, 2023, and December 31, 2022, in thousands:
Location in the consolidated
balance sheet		Carrying Amount of
the Hedged Assets		Cumulative Amount of Fair Value
Hedging Adjustment Included in
Carrying Amount of Hedged Assets
December 31, 2023
Interest rate swapLoans receivable held to maturity$2,525,261 $24,652 
Interest rate swapSecurities carried at fair value 786,716(20,979)
December 31, 2022
Interest rate swap Loans receivable held to maturity$1,185 $(54)
The table below identifies the balance sheet category and fair values of HTLF's derivative instruments designated as loan swaps at December 31, 2023 and 2022, in thousands:
Notional
Amount
Fair
Value
Balance Sheet
Category
Weighted
Average
Receive
Rate
Weighted
Average
Pay
Rate
December 31, 2023
Customer interest rate swaps$1,672,729 $56,634 Other Assets4.12 %4.96 %
Customer interest rate swaps1,672,729 (56,634)Other Liabilities4.96 %4.12 %
December 31, 2022
Customer interest rate swaps$819,662 $46,091 Other Assets4.23 %6.76 %
Customer interest rate swaps819,662 (46,091)Other Liabilities6.76 %4.23 %
Balance Sheet Category and Fair Values of Derivative Instruments Not Designated as Hedging Instruments
The table below identifies the balance sheet category and fair values of HTLF's other free standing derivative instruments not designated as hedging instruments at December 31, 2023, and December 31, 2022, in thousands:
 
Notional
Amount
Fair
Value
Balance Sheet
Category
December 31, 2023
Interest rate lock commitments (mortgage)$— $— Other Assets
Forward commitments— — Other Assets
Forward commitments— — Other Liabilities
Undesignated interest rate swaps2,391 (61)Other Liabilities
December 31, 2022
Interest rate lock commitments (mortgage)$9,340 $174 Other Assets
Forward commitments6,400 47 Other Assets
Forward commitments5,750 (99)Other Liabilities
Undesignated interest rate swaps6,028 (135)Other Liabilities

HTLF recognizes gains and losses on other free-standing derivatives in two separate income statement categories. Interest rate lock commitments and forward commitments are recognized in net gains on sale of loans held for sale and undesignated interest rate swaps are recognized in other noninterest income. The table below identifies the gains and losses recognized in income on HTLF's other free standing derivative instruments not designated as hedging instruments for the years ended December 31, 2023, and December 31, 2022, in thousands:
Year Ended December 31,
 20232022
Interest rate lock commitments (mortgage)$(291)$(1,828)
Forward commitments52 11 
Undesignated interest rate swaps74 (452)