Hills Bancorporation (HBIA) Financial Statements (2024 and earlier)

Company Profile

Business Address 131 MAIN ST
HILLS, IA 52235
State of Incorp. IA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,641781,918574,310241,96543,305154,353
Cash and cash equivalents36,641781,918574,310241,96543,305154,353
Total current assets:36,641781,918574,310241,96543,305154,353
Noncurrent Assets
Operating lease, right-of-use asset2,110   
Property, plant and equipment33,51834,29035,87837,14637,05137,857
Intangible assets, net (including goodwill)2,5002,5002,5002,5002,5002,500
Goodwill2,5002,5002,5002,5002,5002,500
Deferred income tax assets24,0619,1256,088 
Total noncurrent assets:62,18945,91544,46639,64639,55140,357
Other undisclosed assets3,881,6513,216,7293,161,8353,019,2762,959,6082,768,650
TOTAL ASSETS:3,980,4814,044,5623,780,6113,300,8873,042,4642,963,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 40,000     
Total current liabilities: 40,000     
Noncurrent Liabilities
Other undisclosed liabilities3,461,2103,556,0993,317,2062,873,8502,658,7122,608,336
Total liabilities:3,501,2103,556,0993,317,2062,873,8502,658,7122,608,336
Equity
Equity, attributable to parent, including:428,260438,450416,076375,211334,882311,716
Treasury stock, value(55,730)(48,344)(45,441)(39,830)(36,968)(33,018)
Additional paid in capital63,22060,93860,23355,94352,12248,930
Accumulated other comprehensive income (loss)(41,060)1,4778,7821,415(3,250)(2,446)
Retained earnings512,841474,392439,831409,509371,848341,558
Other undisclosed equity, attributable to parent(51,011)(50,013)(47,329)(51,826)(48,870)(43,308)
Other undisclosed equity51,01150,01347,32951,82648,87043,308
Total equity:479,271488,463463,405427,037383,752355,024
TOTAL LIABILITIES AND EQUITY:3,980,4814,044,5623,780,6113,300,8873,042,4642,963,360

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues132,604129,677135,217135,843120,314124,392
Net investment income131,087122,089128,529132,332118,797105,952
Cost of revenue(5,760) (4,358) (8,497)(1,688)
Provision for loan, lease, and other losses(5,760) (4,358) (8,497)
Financial services costs(1,688)
Gross profit:126,844129,677130,859135,843111,817122,704
Operating expenses(1,837)(1,739)(1,799)(1,841)(1,778)(35,158)
Operating income:125,007127,938129,060134,002110,03987,546
Interest and debt expense(16,085)(17,627)(26,952)(34,873)(26,323)(17,972)
Other undisclosed loss from continuing operations before equity method investments, income taxes(48,055)(48,219)(52,184)(41,262)(38,044)(21,976)
Income from continuing operations before equity method investments, income taxes:60,86762,09249,92457,86745,67247,598
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:60,86762,09249,92457,86745,67247,598
Income tax expense(13,114)(14,007)(11,277)(12,549)(8,905)(19,537)
Income from continuing operations:47,75348,08538,64745,31836,76728,061
Income before gain (loss) on sale of properties:48,08538,64745,31836,76728,061
Net income available to common stockholders, diluted:47,75348,08538,64745,31836,76728,061

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:47,75348,08538,64745,31836,76728,061
Other comprehensive income (loss)(42,537)(7,305)7,3674,665(278)913
Comprehensive income, net of tax, attributable to parent:5,21640,78046,01449,98336,48928,974

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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