HTLF Bank
HTLF Bank reported total assets of $17.2 bn at Q4 2024, its last Call Report before it merged into UMB Bank, National Association. Its common equity tier 1 ratio was 14.14%, and an estimated 35.44% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Uninsured share of domestic deposits: down 4.49 pp on Q3 2024, to 35.44%
- Return on equity (ROE): down 2.04 pp on Q3 2024, to 9.58%
- Total assets: down 5.5% on Q3 2024, to $17.2 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about HTLF Bank?
Its largest one-quarter change in total assets since Q1 2016 was +184.1% between Q2 2017 and Q3 2017, when it absorbed Citywide Banks.
How large is HTLF Bank?
At Q4 2024 the bank held $17.2 bn of assets. Deposits were $14.9 bn and net loans and leases $11.1 bn, a loan-to-deposit ratio of 74.45%. Securities of $4.4 bn made up 25.6% of assets.
Total assets rose 1,755.8% between Q1 2016 and Q4 2024, from $927.0 mn.
How much of its funding is uninsured?
An estimated 35.44% of domestic deposits were above the FDIC insurance limit at Q4 2024, -4.49 pp from the previous quarter and -11.26 pp from a year earlier.
Key facts, Q4 2024
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $17.2 bn | -11.0% | |
| Total deposits | $14.9 bn | -9.9% | |
| Net loans and leases | $11.1 bn | -7.4% | |
| Bank equity capital | $2.1 bn | +6.5% | |
| Common equity tier 1 (CET1) ratio | 14.14% | +2.20 pp | |
| Tier 1 leverage ratio | 11.03% | +1.77 pp | |
| Return on equity (ROE) | 9.58% | +3.70 pp | |
| Net interest margin | 3.77% | +0.32 pp | |
| Uninsured share of domestic deposits | 35.44% | -11.26 pp | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $40.1 mn | Widened by $18.2 mn | |
| Noncurrent loans to total loans | 1.05% | +0.23 pp | |
| Net charge-offs to average loans | 0.73% | +0.63 pp |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q4 2024. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $17.2bn
- Deposits $14.9bn
- Net loans $11.1bn
Capital and securities
The common equity tier 1 (CET1) ratio was 14.14% at Q4 2024, +2.20 pp from a year earlier. Since Q1 2016 it has ranged from 10.84% (Q4 2022) to 14.72% (Q1 2021). At Q4 2024 the tier 1 leverage ratio was 11.03% and the total risk-based capital ratio 14.92%. The median CET1 ratio of the size peers listed below was 13.19% at Q4 2024.
Held-to-maturity securities had an unrealized loss of $40.1 mn at Q4 2024, measured as fair value minus amortized cost, equal to 1.9% of bank equity capital. The loss widened by $18.2 mn from a year earlier. The largest unrealized loss on these securities was $72.4 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $419.3 mn at Q4 2024; the loss narrowed by $22.1 mn from a year earlier.
Capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 11%
Unrealized gains and losses on securities
- Available for sale -$419mn
- Held to maturity -$40mn
Profitability and loan quality
Return on equity was 9.58% for the year to Q4 2024, annualized, with a return on assets of 1.06% and a net interest margin of 3.77%. The margin was +0.32 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 55.78%. Net income for the year to Q4 2024 was $196.8 mn, up 82.6% on the same period a year earlier. The median return on equity of its size peers was 4.87% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 1.05% of total loans at Q4 2024. Net charge-offs for the year to date were 0.73% of average loans, annualized.
Profitability
- Return on equity 9.6%
- Net interest margin 3.8%
- Return on assets 1.1%
Compared with banks of similar size
The six banks ranked closest to HTLF Bank by total assets at Q4 2024, three above and three below where possible.
Among the seven banks in the table at Q4 2024, HTLF Bank is 4th by total assets. Its CET1 ratio of 14.14% compares with a peer median of 13.19%, its tier 1 leverage ratio of 11.03% compares with a peer median of 9.95%, and its return on equity of 9.58% compares with a peer median of 4.87%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Apple Bank | $17.5 bn | 11.81% | 2.18% | 20.88% | |
| ServisFirst Bank | $17.4 bn | 11.83% | 14.53% | 66.60% | |
| TowneBank | $17.2 bn | 12.77% | 7.74% | 48.51% | |
| HTLF Bank | $17.2 bn | 14.14% | 9.58% | 35.44% | |
| Bank of Hope | $17.0 bn | 13.61% | 5.23% | 38.72% | |
| Third Federal Savings and Loan Association of Cleveland | $17.0 bn | 16.74% | 4.51% | 3.64% | |
| Mechanics Bank | $16.5 bn | 16.14% | 1.29% | 44.12% | |
Q4 2024. Peer median (the six banks, excluding this one): CET1 13.19%, return on equity 4.87%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
HTLF Bank, as reported in its Call Reports.
From Q1 2023 to Q4 2024, total assets rose 63.6% to $17.2 bn, deposits rose 60.1% to $14.9 bn and bank equity capital rose 119.0% to $2.1 bn. Over the same period its full-time equivalent staff went from 1,455 to 1,703 and its offices went from 52 to 87.
| Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $10.5 bn | $15.1 bn | $18.3 bn | $19.3 bn | $19.1 bn | $18.7 bn | $18.2 bn | $17.2 bn |
| Total deposits | $9.3 bn | $13.2 bn | $15.7 bn | $16.5 bn | $16.2 bn | $15.8 bn | $15.3 bn | $14.9 bn |
| Bank equity capital | $956.1 mn | $1.5 bn | $1.7 bn | $2.0 bn | $2.0 bn | $2.1 bn | $2.1 bn | $2.1 bn |
| Common equity tier 1 (CET1) ratio | 11.10% | 11.81% | 11.89% | 11.94% | 12.31% | 12.74% | 13.49% | 14.14% |
| Return on equity (ROE) | 13.68% | 10.74% | 11.84% | 5.88% | 11.71% | 10.72% | 11.62% | 9.58% |
| Uninsured share of domestic deposits | 43.04% | 39.62% | 41.68% | 46.70% | 39.03% | 37.92% | 39.93% | 35.44% |
| Full-time equivalent employees | 1,455 | 1,692 | 1,886 | 1,970 | 1,888 | 1,843 | 1,725 | 1,703 |
| Number of offices | 52 | 75 | 90 | 94 | 94 | 94 | 88 | 87 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Absorbed Centennial Bank (FDIC certificate 26853).
- . Absorbed Citywide Banks (FDIC certificate 19858).
- . Absorbed Premier Valley Bank (FDIC certificate 57098).
- . Absorbed Minnesota Bank & Trust (FDIC certificate 58818).
- . Absorbed Arizona Bank & Trust (FDIC certificate 57620).
- . Absorbed Illinois Bank & Trust (FDIC certificate 34076).
- . Absorbed Wisconsin Bank & Trust (FDIC certificate 13023).
- . Absorbed Bank of Blue Valley (FDIC certificate 1143).
- . Absorbed First Bank & Trust (FDIC certificate 14778).
- . Absorbed Rocky Mountain Bank (FDIC certificate 20310).
- . Absorbed New Mexico Bank & Trust (FDIC certificate 34726).
- . Absorbed Dubuque Bank and Trust Company (FDIC certificate 15219).
- . Merged into UMB Bank, National Association (FDIC certificate 8273).
Large one-quarter moves
- Total assets changed by +184.1% in the quarter to 2017-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Citywide Banks.
- Total assets changed by +81.4% in the quarter to 2022-09-30: Affiliated Institution Merger (Pooling) (i.e. Corporate Reorganization; Participated in Absorbtion/Consolidation/Merger: acquired from Minnesota Bank & Trust, Premier Valley Bank.
- Total assets changed by +81.2% in the quarter to 2022-12-31: Affiliated Institution Merger (Pooling) (i.e. Corporate Reorganization; Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Arizona Bank & Trust, Illinois Bank & Trust.
- Total assets changed by +43.6% in the quarter to 2023-06-30: Affiliated Institution Merger (Pooling) (i.e. Corporate Reorganization; Participated in Absorbtion/Consolidation/Merger: acquired from Bank of Blue Valley, First Bank & Trust.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 58458
- Federal Reserve RSSD ID
- 3465226
- Head office
- Denver, Colorado
- Holding company
- HEARTLAND FINANCIAL USA INC (as reported to the FDIC)
- Holding company RSSD ID
- 1206546
- EconoMonitor ID
- EMB-US-000144
Frequently asked questions
What were HTLF Bank's total assets?
$17.2 bn at Q4 2024, according to its Call Report as published by the FDIC.
Is HTLF Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 58458). Its holding company, HEARTLAND FINANCIAL USA INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after HTLF Bank files its Call Report and the FDIC publishes it. This page shows Q4 2024, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 58458, and in the Call Reports filed under RSSD ID 3465226 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.