| Business Summary | | Heartland
Financial
USA,
Inc.
is
a
multi-bank
holding
company
with
five
bank
subsidiaries
in
the
states
of
Iowa,
Wisconsin,
Illinois
and
New
Mexico
and
one
federal
savings
bank
subsidiary
in
Iowa
(collectively,
the
Bank
Subsidiaries).
The
principal
services
of
Heartland,
through
its
subsidiaries,
are
FDIC-insured
deposit
accounts
and
related
services,
and
loans
to
businesses
and
individuals.
Deposit
products
include
checking
and
other
demand
deposit
accounts,
NOW
accounts,
savings
accounts,
money
market
accounts,
certificates
of
deposit,
individual
retirement
accounts
and
other
time
deposits.
Loans
include
commercial
and
industrial,
agricultural,
real
estate
mortgage,
consumer,
home
equity,
credit
cards
and
lines
of
credit.
Other
products
and
services
include
VISA
debit
cards,
automatic
teller
machines,
safe
deposit
boxes
and
trust
services.
The
principal
service
of
the
Bank
Subsidiaries
consists
of
making
loans
to
businesses
and
individuals. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HTLF
is
a
multi-bank
holding
company
with
five
bank
subsidiaries
in
Iowa,
Wisconsin,
Illinois
and
New
Mexico
and
one
federal
savings
bank
subsidiary
in
Iowa.
For
the
six
months
ended
6/30/01,
interest
income
rose
13%
to
$55.8
million.
Net
interest
income
after
loan
loss
provisions
rose
8%
to
$21.5
million.
Net
income
increased
24%
to
$5.3
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
increased
interest
costs.
Earnings
reflect
increased
service
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Lynn Fuller, 51 Chairman,
Pres, CEO | $323K | Gregory Miller, 52 Vice
Chairman | -- | John Schmidt, 41 CFO,
Exec. VP, Director | 219K | Kenneth Erickson, 49 Exec.
VP, Credit Admin. | 169K | Edward Everts, 49 Sr.
VP | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|