HTLF Bank (merged into UMB Bank)

FDIC-insured bank with its head office in Denver, Colorado, established in 2006 according to the FDIC.
Merged. HTLF Bank merged into UMB Bank on (FDIC: participated in absorbtion/consolidation/merger). Its data ends with the Call Report for ; figures on this page are from that report or earlier.

HTLF Bank reported total assets of $17.2 bn at Q4 2024, its last Call Report before it merged into UMB Bank. The CET1 capital ratio at HTLF Bank was 14.14%, and the uninsured share of HTLF Bank was 35.44%. Source: FDIC Call Reports.

Key takeaways

  • Since , HTLF Bank has taken over 11 institutions; the latest was Dubuque Bank and Trust Company on (FDIC Call Reports).
Total assets
$17.2 bn
A year earlier (Q4 2023): $19.3 bn
CET1 capital ratio
14.14%
A year earlier (Q4 2023): 11.94%
Return on equity
9.58%
A year earlier (Q4 2023): 5.88%
Uninsured share of deposits
35.44%
A year earlier (Q4 2023): 46.70%

What sets HTLF Bank apart

How large is HTLF Bank?

The balance sheet of HTLF Bank at : assets $17.2 bn, deposits $14.9 bn, net loans $11.1 bn (loans equal to 74.45% of deposits). Securities make up 25.6% of total assets at HTLF Bank. Since , when HTLF Bank held $927.0 mn, its assets grew 1,755.8%. In the year to , deposits at HTLF Bank fell 9.9% while its total assets fell 11.0%. At , HTLF Bank employed 1,703 full-time equivalent staff across 87 offices, about $10.1 mn of assets per employee and $170.7 mn of deposits per office.

How much funding at HTLF Bank is uninsured?

At HTLF Bank, uninsured deposits (above the FDIC limit) made up 35.44% of domestic deposits at (-11.26 pp on a year earlier). In dollars, HTLF Bank estimated $5.3 bn of uninsured deposits.

Key facts, Q4 2024

MetricValueA year earlierUS rank
Total deposits$14.9 bn$16.5 bn (Q4 2023)
Net loans and leases$11.1 bn$11.9 bn (Q4 2023)
Loan-to-deposit ratio74.45%72.45% (Q4 2023)
Tier 1 leverage ratio11.03%9.26% (Q4 2023)
Total risk-based capital ratio14.92%12.85% (Q4 2023)
Net interest margin3.77%3.45% (Q4 2023)
Return on assets (ROA)1.06%0.54% (Q4 2023)
Efficiency ratio55.78%58.14% (Q4 2023)
Unrealized gain/loss on held-to-maturity securitiesLoss of $40.1 mnWidened by $18.2 mn
Unrealized gain/loss on available-for-sale securitiesLoss of $419.3 mnNarrowed by $22.1 mn
Noncurrent loans to total loans1.05%0.81% (Q4 2023)
Net charge-offs to average loans0.73%0.11% (Q4 2023)

US rank of HTLF Bank: 1 = highest unless marked 1 = lowest.

Balance sheet

HTLF Bank: assets, deposits and loans

USD bn
Total assets, deposits and net loans of HTLF Bank each quarter; total assets were $17.2 bn at Q4 2024-$570mn$4.7bn$9.9bn$15.2bn$20.5bn2018202020222024Rocky Mountain Bank merged inNew Mexico Bank & Trust merged inDubuque Bank and Trust Company merged inTotal assets$17.2bnDeposits$14.9bnNet loans$11.1bnTotal assets, deposits and net loans of HTLF Bank each quarter; total assets were $17.2 bn at Q4 2024-$570mn$6.4bn$13.5bn$20.5bn20202024
  • Total assets $17.2bn
  • Deposits $14.9bn
  • Net loans $11.1bn
to . FDIC Call Reports.

Capital and securities

The CET1 ratio of HTLF Bank stood at 14.14% in , +2.20 pp year on year. Low and high at HTLF Bank since : 10.84% () to 14.72% (). Equity capital of HTLF Bank at : $2.1 bn, or 12.2% of total assets. HTLF Bank also reported a total capital ratio of 14.92% for , and a tier 1 leverage ratio of 11.03%.

On held-to-maturity securities, HTLF Bank carried an unrealized loss of $40.1 mn at , equal to 1.9% of equity capital. The loss widened by $18.2 mn over the year. Its deepest point: $72.4 mn in . The available-for-sale portfolio of HTLF Bank showed an unrealized loss of $419.3 mn at ; the loss narrowed by $22.1 mn over the year.

HTLF Bank: capital ratios

Percent
CET1, total risk-based capital and tier 1 leverage ratios of HTLF Bank, Q1 2016 to Q4 20248.2%10%12%14%16%2018202020222024Total capital15%CET114%Tier 1 leverage11%CET1, total risk-based capital and tier 1 leverage ratios of HTLF Bank, Q1 2016 to Q4 20248.2%11%14%16%20202024
  • Total capital 15%
  • CET1 14%
  • Tier 1 leverage 11%
to . FDIC Call Reports.

HTLF Bank: unrealized securities gains and losses

USD bn
Unrealized gains and losses on available-for-sale and held-to-maturity securities of HTLF Bank, Q1 2016 to Q4 2024-$637mn-$465mn-$292mn-$120mn$53mn2018202020222024Held to maturity-$40mnAvailable for sale-$419mnUnrealized gains and losses on available-for-sale and held-to-maturity securities of HTLF Bank, Q1 2016 to Q4 2024-$637mn-$407mn-$177mn$53mn20202024
  • Available for sale -$419mn
  • Held to maturity -$40mn
to . FDIC Call Reports.

Profitability and loan quality

For the year to , HTLF Bank earned a return on equity of 9.58%; return on assets: 1.06%. Net interest margin at HTLF Bank: 3.77%, +0.32 pp in a year. HTLF Bank net income: $196.8 mn, up 82.6% year on year. The efficiency ratio of HTLF Bank was 55.78%: about 56 cents cost per revenue dollar, against 65 cents at the median peer.

At , noncurrent loans were 1.05% of total loans at HTLF Bank; net charge-offs: 0.73% of average loans. Gross loans and leases at HTLF Bank: $11.2 bn at , against $12.1 bn at .

HTLF Bank: profitability

Percent, annualized
Return on equity, net interest margin and return on assets of HTLF Bank, Q1 2016 to Q4 2024-0.8%3.0%6.8%11%15%2018202020222024Return on equity9.6%Net interest margin3.8%Return on assets1.1%Return on equity, net interest margin and return on assets of HTLF Bank, Q1 2016 to Q4 2024-0.8%4.3%9.4%15%20202024
  • Return on equity 9.6%
  • Net interest margin 3.8%
  • Return on assets 1.1%
to . FDIC Call Reports.

Peer group of HTLF Bank

The peer group of HTLF Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of HTLF Bank (state nonmember bank) and 0 have head offices in Colorado. Against them, HTLF Bank shows CET1 ratio 14.14% against a peer median of 13.19%, return on equity 9.58% against a peer median of 4.87% and uninsured deposit share 35.44% against a peer median of 41.42%.

BankCharterStateTotal assetsCET1 ratioReturn on equityUninsured share
Apple BankState-chartered stock savings bankNY$17.5 bn11.81%2.18%20.88%
ServisFirst BankState nonmember bankAL$17.4 bn11.83%14.53%66.60%
TowneBankState nonmember bankVA$17.2 bn12.77%7.74%48.51%
HTLF BankState nonmember bankCO$17.2 bn14.14%9.58%35.44%
Bank of HopeState nonmember bankCA$17.0 bn13.61%5.23%38.72%
Third Federal Savings and Loan Association of ClevelandFederal savings bankOH$17.0 bn16.74%4.51%3.64%
Mechanics BankState nonmember bankCA$16.5 bn16.14%1.29%44.12%

. FDIC Call Reports.

Last eight quarters

Two years at HTLF Bank, to : assets $10.5 bn to $17.2 bn, deposits $9.3 bn to $14.9 bn, equity $956.1 mn to $2.1 bn. Staff 1,455 to 1,703; offices 52 to 87.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 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
CET1 ratio11.10%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 deposits43.04%39.62%41.68%46.70%39.03%37.92%39.93%35.44%
Full-time equivalent employees1,4551,6921,8861,9701,8881,8431,7251,703
Number of offices5275909494948887

FDIC Call Reports.

Mergers and acquisitions

The FDIC history of HTLF Bank, oldest first; figures before and after each event are not like for like.

  1. . Absorbed Centennial Bank (FDIC certificate 26853).
  2. . Absorbed Citywide Banks (FDIC certificate 19858).
  3. . Absorbed Premier Valley Bank (FDIC certificate 57098).
  4. . Absorbed Minnesota Bank & Trust (FDIC certificate 58818).
  5. . Absorbed Arizona Bank & Trust (FDIC certificate 57620).
  6. . Absorbed Illinois Bank & Trust (FDIC certificate 34076).
  7. . Absorbed Wisconsin Bank & Trust (FDIC certificate 13023).
  8. . Absorbed Bank of Blue Valley (FDIC certificate 1143).
  9. . Absorbed First Bank & Trust (FDIC certificate 14778).
  10. . Absorbed Rocky Mountain Bank (FDIC certificate 20310).
  11. . Absorbed New Mexico Bank & Trust (FDIC certificate 34726).
  12. . Absorbed Dubuque Bank and Trust Company (FDIC certificate 15219).
  13. . Merged into UMB Bank, National Association (FDIC certificate 8273).

Large one-quarter moves at HTLF Bank

  • Total assets at HTLF Bank 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 at HTLF Bank 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 at HTLF Bank 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 at HTLF Bank 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.

Questions and identifiers

What were the total assets of HTLF Bank?

HTLF Bank reported $17.2 bn at in its Call Report.

Is HTLF Bank the same as its holding company?

No. This page covers HTLF Bank, FDIC certificate 58458; HEARTLAND FINANCIAL USA INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.

Is HTLF Bank profitable?

HTLF Bank reported net income of $196.8 mn for the year to ; annualized return on equity: 9.58%. So yes: HTLF Bank made a profit over these months.

When is data for HTLF Bank next updated?

HTLF Bank no longer files Call Reports; its data ends at .

Where can I check the figures for HTLF Bank?

In the FDIC BankFind Suite record for certificate 58458, and in the Call Reports of HTLF Bank (RSSD ID 3465226) at the FFIEC Central Data Repository.