Hills Bancorporation (the "Company") is a holding company principally engaged, through its subsidiary bank, in the business of banking. The Company was incorporated December 12, 1982 and all operations are conducted within the state of Iowa. The Company became owner of 100% of the outstanding stock of Hills Bank and Trust Company, Hills, Iowa (“Hills Bank and Trust” or the “Bank”) as of January 23, 1984 when stockholders of Hills Bank and Trust exchanged their shares for shares of the Company. Effective July 1, 1996, the Company formed a new subsidiary, Hills Bank, which acquired for cash all the outstanding shares of a bank in Lisbon, Iowa. Subsequently an office of Hills Bank was opened in Mount Vernon, Iowa, a community that is contiguous to Lisbon. Effective November 17, 2000, Hills Bank was merged into the Bank. On September 20, 1996, another subsidiary, Hills Bank Kalona, acquired cash and other assets and assumed the deposits of the Kalona, Iowa office of Boatmen's Bank Iowa, N.A. Effective October 26, 2001, Hills Bank Kalona was merged into the Bank.
Company profile
Ticker
HBIA
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Hills Bank and Trust Company ...
IRS number
421208067
Calendar
6 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 718.94M | 718.94M | 718.94M | 718.94M | 718.94M | 718.94M |
Cash burn (monthly) | 20.99M | 8.37M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 60.34M | 24.07M | n/a | n/a | n/a | n/a |
Cash remaining | 658.6M | 694.87M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 31.4 | 83.0 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jun 22 | John W Phelan | Common Stock | Grant | Acquire A | Yes | No | 71 | 3,000 | 213K | 11,951 |
21 Jun 22 | Michael S Donovan | Common Stock | Grant | Acquire A | No | No | 71 | 1,500 | 106.5K | 13,254 |
21 Jun 22 | Thomas R Wiele | Common Stock | Grant | Acquire A | No | No | 71 | 3,000 | 213K | 8,133.348 |
21 Jun 22 | James C Schmitt | Common Stock | Grant | Acquire A | No | No | 71 | 3,000 | 213K | 3,001 |
3 Jan 22 | Steven R Ropp | Common Stock | Grant | Acquire A | No | No | 59.85 | 37.594 | 2.25K | 15,724.623 |
Institutional ownership, Q4 2021
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 14K |
Total shares | 200 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Strategic Asset Management | 200 | $14K |
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
|
New words:
abroad, accreted, acquiree, avoid, cautiously, chain, commodity, conflict, constant, downturn, earliest, eliminate, energy, evolve, extremely, fallout, fell, fight, FOMC, geopolitical, grow, infection, inflation, inflationary, instability, intensify, lingering, offset, Omicron, optimistic, partially, peer, percent, pressure, refinancing, regression, scrutiny, sentence, signaled, speed, suited, suspension, thousand, unclear, upward, war, weigh
Removed:
aid, approval, asserted, benchmark, broad, calibration, callable, cancelable, character, clarify, commerce, compensated, complexity, computing, conceptual, conduct, confirmed, connecting, connection, consistency, continuity, continuously, converting, counterparty, cover, covering, CRE, creating, curtailed, declared, decreasing, department, derivative, diminished, disrupt, dollar, earn, emergency, employee, encouraged, enhance, entering, establishing, evident, exhibit, expertise, expiration, exposed, face, faith, familiar, FDIC, forgiven, fulfill, fundamental, funded, goal, governing, health, hedge, hedged, impair, impaired, inadequate, incorporate, independence, interagency, internally, introducing, lack, language, law, lessor, LIBOR, list, matured, Midwest, NaN, notion, notional, November, OREO, Organization, outbreak, outlining, overdraft, owing, pace, paragraph, passage, pledging, posted, practice, pre, precision, premium, protracted, prove, prudently, realized, receiving, recoverable, reevaluate, reflected, relation, removing, renewal, reopening, repayable, reputation, reversion, SBA, serve, simplify, Simplifying, sizable, subjectivity, Supplemental, swap, technical, terminated, termination, testing, threshold, turn, ultimately, undergo, unprecedented, unsuccessful, utilize, widespread, working, World
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
24 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
19 Apr 22
8-K
Results of Operations and Financial Condition
18 Apr 22
8-K
Departure of Directors or Certain Officers
17 Dec 21
8-K
Results of Operations and Financial Condition
28 Apr 21
8-K
Submission of Matters to a Vote of Security Holders
20 Apr 21
8-K
Departure of Directors or Certain Officers
26 Mar 21
8-K
Other Events
3 Nov 20
8-K
Departure of Directors or Certain Officers
16 Sep 20
8-K
Departure of Directors or Certain Officers
17 Aug 20
Registration and prospectus
FWP
Free writing prospectus
12 Nov 19
FWP
Free writing prospectus
9 Nov 18
S-3
Shelf registration
29 Nov 16
POS AM
Prospectus update (post-effective amendment)
28 Jun 12
S-8
Registration of securities for employees
28 Jun 12
S-8
Registration of securities for employees
28 Jun 12
424B3
Prospectus supplement
29 Aug 11
S-3/A
Shelf registration (amended)
4 Jul 11
Other
UPLOAD
Letter from SEC
4 Aug 13
CORRESP
Correspondence with SEC
17 Jul 13
UPLOAD
Letter from SEC
7 Jul 13
EFFECT
Notice of effectiveness
8 Jul 12
EFFECT
Notice of effectiveness
21 Aug 11
CORRESP
Correspondence with SEC
17 Aug 11
CORRESP
Correspondence with SEC
10 Aug 11
UPLOAD
Letter from SEC
26 Jul 11
CORRESP
Correspondence with SEC
30 Jun 11
UPLOAD
Letter from SEC
7 Jun 11
Ownership
4
HILLS BANCORPORATION / James C Schmitt ownership change
22 Jun 22
4
HILLS BANCORPORATION / THOMAS R WIELE ownership change
22 Jun 22
4
HILLS BANCORPORATION / Michael S Donovan ownership change
22 Jun 22
4
HILLS BANCORPORATION / John W Phelan ownership change
22 Jun 22
13F-NT
Notice of holdings reported by another manager
29 Apr 22
SC 13G/A
HILLS BANCORPORATION / HILLS BANCORPORATION ownership change
8 Feb 22
5
HILLS BANCORPORATION / THOMAS R WIELE ownership change
7 Feb 22
5
HILLS BANCORPORATION / Lisa A Shileny ownership change
7 Feb 22
5
HILLS BANCORPORATION / STEVEN R ROPP ownership change
7 Feb 22
13F-NT
Notice of holdings reported by another manager
4 Feb 22