2021 Annual Report

We see Growth.

See our growth in 2021

HTLF’s geographically diverse group of banks are located across the Midwest, Southwest and West regions of the United States.

2021 Financial Highlights

$0B Total Assets
0% 3-Year Asset
Growth Rate
$0B Market Cap
$10M Net Income Available
To Common Stockholders
0% Fully Tax Equivalent
Net Interest Margin*

As of and for the year ended December 31, 2021. *Refer to the earnings release for a reconciliation of this non-GAAP measure.

To Our Shareholders and Friends

We see growth everywhere.

Picture of Bruce K. Lee, President and CEO at HTLF
We began executing the consolidation of our 11 separate bank charters into a single HTLF Bank charter in Colorado to drive long-term efficiency, improve agility, reduce expenses and enhance scalability, supporting future growth both organically and through M&A, all while enriching the customer experience.

Bruce K. Lee President and CEO

Picture of John K. Schmidt, Executive Operating Chairman at HTLF
This is an exciting time in the company’s history. With a more efficient organizational structure and an unshakable commitment to local communities, HTLF is prepared to help even more businesses and customers achieve their financial goals.

John K. Schmidt Chairman

Financial Strength to Deliver Growth.

HTLF refreshed our brand in 2021 to better reflect our continued Growth and the company we are today.

Financial Strength is what we bring to our customers and our communities, and what our unique business model and diverse footprint brings to our shareholders.

The Strength of HTLF’s dedicated local talent, corporate leadership and geographically diverse banks positions us well for future Growth.

At HTLF, we see Growth.

Financial strength to deliver growth
Supporting growth in our banks

Supporting Growth in our banks.

In 2021, HTLF strategically added and developed talent to accelerate our growth.

We continue to execute on our multi-year talent development, acquisition, and succession strategies. HTLF focused our investments in customer experience and growth initiatives. We’re building best-in-class Commercial Banking teams.

Since the beginning of 2021, we have attracted four new commercial banking leaders and added more than 30 experienced bankers across our footprint. We have a strong company culture focused on growth, personal development, and service to our customers and communities.

This culture is supporting considerable momentum in talent acquisition across our organization.

Expanding in growth markets

Expanding in Growth Markets.

Growth powers our ability to be nimble, seek opportunities and exceed our customers’ expectations.

In 2021, we extended our reach in several high growth markets in the Midwest, opening offices in Cedar Rapids, Des Moines, St. Paul and two locations in the western suburbs of Chicago. These markets represent three different HTLF brands — Dubuque Bank and Trust, Minnesota Bank & Trust and Illinois Bank & Trust.

We See Growth.

Growth through Talent Development and Acquisition.


Kathryn Graves Unger Director


Mark Frank Executive Vice President
Head of Operations

Wendy Reynolds Senior Vice President Chief Diversity and Inclusion Officer

Shelley Reed Executive Vice President
Corporate Strategy & Development

Kevin Quinn Executive Vice President
Chief Banking Officer


Brent Giles President and CEO
Bank of Blue Valley

Tyson Leyendecker President and CEO
Dubuque Bank and Trust

Doug Kohlbeck President and CEO
Wisconsin Bank & Trust

Michael Wamsganz President and CEO
Citywide Banks


Hakan Erdinc Executive Vice President Senior Managing Director HTLF Food and Agribusiness

Brian Jones Executive Vice President Senior Managing Director HTLF Specialized Industries

Insight to Deliver Extraordinary Banking Experiences.

Our bankers deeply understand our local markets, actively listen and have strong relationships with customers. This insight helps guide our strategies and investments. It’s how we achieve our mission of enriching lives one customer, employee and community at a time.

At HTLF, we offer comprehensive Insights.

Insight to Deliver Extraordinary Banking Experiences.

Growth through Enhanced Customer Experiences.

HTLF’s commitment to people, processes and technology powers our delivery of exceptional customer experiences. Our vision is to be a top-performing and admired banking organization. To help accomplish this, we are continuously investing in our multi-year strategy, Customer Compass, to improve how we operate our business to serve our customers and communities.

Customer Compass is integrated in HTLF’s culture. Each component supports and aligns with our strategic pillars, providing a cohesive framework to drive efficiency, improve agility and fulfill our mission of enriching lives one customer, employee and community at a time.

Customer compass operation Growth through enhanced customer experiences

Growth in Environmental, Social and Governance Initiatives.

We continue to work towards our mission of enriching lives, one customer, employee and community at a time.

Growth in Environmental, Social and Governance Initiatives.
“We all come from diverse backgrounds and experiences that help shape our company values. Our values are rooted in the belief that respect, equity and inclusiveness make us stronger together. The variety of experiences and lifestyles we bring to work every day provides insights that help us better understand each other and our customers.”
Download the DEI 2021 Report
We provide insight for customer success

Stories from some of our successful clients.

Close up photo of flower bouquet
Nation Wide Foods logo Nation Wide Logo

Manufacturing Growth.

Tribe 9 Foods
Wisconsin State Bank & Trust Logo Tribe 9 Foods Logo

Improving lives through food.

Wallaroo Hat Company
Citywide Banks Logo Wallaroo Hat Company Logo

Balancing purpose and profits.

Arizona State Bank Logo Siteworks Logo

Going green in the desert.

Naturipe Berry Growers
HTLF Food & Agribusiness Logo Naturipe Berry Growers Logo

Truly a sweet business.

Strength. Insight. Growth.

Download the HTLF 2021 Annual Report

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