6 unchanged sentences
The prices indicated reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
+Added: High Low High Low
+Added: 1st quarter $ 65.00 $ 61.06 $ 65.00 $ 60.60
+Added: 2nd quarter 65.00 58.65 65.85 62.01
+Added: 3rd quarter 62.04 58.35 66.00 63.80
+Added: 4th quarter 62.04 60.07 71.00 65.00
In addition, based on the Company’s stock transfer records and information informally provided to the Company, stock trading transactions have been as follows:
−Removed: Number of Shares Traded
−Removed: Number of Transactions
−Removed: High Selling Price
−Removed: Low Selling Price
+Added: Year Number of Shares Traded Number of Transactions High Selling Price Low Selling Price
+Added: 2020 173,598 188 $ 66.00 $ 60.00 (1)
+Added: 2019 126,189 146 $ 65.00 $ 61.00 (2)
+Added: 2018 157,749 168 $ 61.00 $ 54.00 (3)
(1) 2020 transactions included repurchases by the Company of 133,622 shares of stock under the 2005 Stock Repurchase Program.
11 unchanged sentences
The indexes assume the investment of $100 on December 31, 2015 in Company Common Stock, the NASDAQ Index and the Regional-Southwest Banks Index, with all dividends reinvested.
+Added: 2015 2016 2017 2018 2019 2020
HILLS BANCORPORATION $ 100.00 $ 109.44 $ 124.92 $ 143.07 $ 154.50 $ 150.59
5 unchanged sentences
The following table sets forth the Company’s equity compensation plan information as of December 31, 2020, all of which relates to stock options issued under stock option plans approved by stockholders of the Company:
−Removed: Plan Category
−Removed: Number of securities to
+Added: Plan Category Number of securities to
be issued upon exercise of
outstanding options,
−Removed: warrants and rights (a)
−Removed: Weighted-average
+Added: warrants and rights (a) Weighted-average
exercise price of
outstanding options,
−Removed: warrants and rights (b)
−Removed: Number of securities
+Added: warrants and rights (b) Number of securities
remaining available for
5 unchanged sentences
Equity compensation plans not approved by security holders — — —
+Added: Total 13,025 $ 45.92 231,425
On July 26, 2005, the Company’s Board of Directors authorized a program to repurchase up to a total of 1,500,000 shares of the Company’s common stock (the “2005 Stock Repurchase Program”).
4 unchanged sentences
The following table sets forth information about the Company’s stock purchases pursuant to the 2005 Stock Repurchase Program for the quarter ended December 31, 2020:
−Removed: Period in 2019
−Removed: Total number of
−Removed: shares purchased
−Removed: Average price paid
−Removed: Total number of
+Added: Period in 2020 Total number of
+Added: shares purchased Average price paid
+Added: per share Total number of
shares purchased
1 unchanged sentence
announced plans
−Removed: Maximum number
+Added: or programs Maximum number
of shares that may
4 unchanged sentences
December 1 to December 31 5,728 62.50 5,728 150,375
+Added: Total 21,215 $ 62.21 21,215 150,375
Selected Financial Data
2 unchanged sentences
This data should be read in conjunction with the consolidated financial statements and the accompanying notes thereto included or incorporated by reference elsewhere in this document.
+Added: 2020 2019 2018 2017 2016
YEAR-END TOTALS (Amounts in Thousands)
+Added: Total assets $ 3,780,611 $ 3,300,887 $ 3,042,464 $ 2,963,360 $ 2,655,770
Investment securities 416,544 366,368 331,098 300,160 279,950
Loans held for sale 43,947 8,400 1,984 5,162 9,806
+Added: Loans, net 2,674,012 2,606,277 2,591,085 2,431,165 2,251,445
+Added: Deposits 3,192,568 2,661,364 2,421,124 2,288,565 2,036,312
Federal Home Loan Bank borrowings 105,000 185,000 215,000 295,000 235,000
5 unchanged sentences
Provision for loan losses 4,358 (2,880) 8,497 1,688 (1,163)
+Added: Other income 28,336 24,792 23,818 20,818 19,995
Other expenses 75,631 67,264 62,123 59,512 56,799
−Removed: Net income before Tax Act (1)
−Removed: Basic before Tax Act (1)
−Removed: Diluted before Tax Act (1)
+Added: Income taxes 11,277 12,549 8,905 19,537 14,394
+Added: Net income 38,647 45,318 36,767 28,061 31,555
+Added: Net income before Tax Act (1) NA NA NA 32,770 NA
+Added: Basic $ 4.12 $ 4.85 $ 3.93 $ 3.01 $ 3.40
+Added: Basic before Tax Act (1) NA NA NA 3.51 NA
+Added: Diluted 4.12 4.85 3.92 3.01 3.40
+Added: Diluted before Tax Act (1) NA NA NA 3.51 NA
Cash dividends 0.890 0.820 0.750 0.700 0.650
5 unchanged sentences
Return on average assets 1.09 % 1.40 % 1.23 % 1.02 % 1.23 %
−Removed: Return on average assets before Tax Act (1)
+Added: Return on average assets before Tax Act (1) NA NA NA 1.19 NA
Return on average equity 8.72 11.23 9.92 9.24 11.26
−Removed: Return on average equity before Tax Act (1)
+Added: Return on average equity before Tax Act (1) NA NA NA 10.79 NA
Net interest margin 3.00 3.18 3.25 3.43 3.43
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.