26 unchanged sentences
The Company currently pays an annual dividend on its common stock to stockholders, and it expects to continue to maintain its annual dividend for the foreseeable future periods.
−Removed: The following performance graph provides information regarding cumulative, five-year shareholder returns on an indexed basis of the Company's Common Stock compared to the NASDAQ Market Index and the Regional-Southwest Banks Index prepared by MORNINGSTAR of Chicago, IL.
−Removed: The latter index reflects the performance of twenty-five bank holding companies operating principally in the Midwest as selected by MORNINGSTAR.
−Removed: 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: The following performance graph provides information regarding cumulative, five-year shareholder returns on an indexed basis of the Company's Common Stock compared to the NASDAQ Market Index prepared by MORNINGSTAR of Chicago, IL and a custom peer group of Midwest community banks.
+Added: The latter index reflects the performance of bank holding companies operating principally in the Midwest in the following states:
+Added: Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin.
+Added: The indexes assume the investment of $100 on December 31, 2016 in Company Common Stock, the NASDAQ Index and the Midwest Community Banks Index, with all dividends reinvested.
2016 2017 2018 2019 2020 2021
HILLS BANCORPORATION $ 100.00 $ 114.14 $ 130.73 $ 141.17 $ 137.60 $ 148.61
−Removed: REGIONAL-SOUTHWEST BANKS $ 100.00 $ 151.34 $ 159.57 $ 145.45 $ 177.19 $ 167.83
+Added: MIDWEST COMMUNITY BANKS $ 100.00 $ 110.31 $ 96.52 $ 120.40 $ 107.70 $ 140.67
NASDAQ MARKET INDEX $ 100.00 $ 129.64 $ 125.96 $ 172.18 $ 249.51 $ 304.85
38 unchanged sentences
Total 5,983 $ 67.23 5,983 95,256
−Removed: Selected Financial Data
−Removed: CONSOLIDATED FIVE-YEAR STATISTICAL SUMMARY
−Removed: The following table sets forth certain of our financial and statistical information for each of the years in the five-year period ended December 31, 2020.
−Removed: 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.
−Removed: 2020 2019 2018 2017 2016
−Removed: YEAR-END TOTALS (Amounts in Thousands)
−Removed: Total assets $ 3,780,611 $ 3,300,887 $ 3,042,464 $ 2,963,360 $ 2,655,770
−Removed: Investment securities 416,544 366,368 331,098 300,160 279,950
−Removed: Loans held for sale 43,947 8,400 1,984 5,162 9,806
−Removed: Loans, net 2,674,012 2,606,277 2,591,085 2,431,165 2,251,445
−Removed: Deposits 3,192,568 2,661,364 2,421,124 2,288,565 2,036,312
−Removed: Federal Home Loan Bank borrowings 105,000 185,000 215,000 295,000 235,000
−Removed: Redeemable common stock 47,329 51,826 48,870 43,308 40,781
−Removed: Stockholders' equity 416,076 375,211 334,882 311,716 289,270
−Removed: EARNINGS (Amounts in Thousands)
−Removed: Interest income $ 128,529 $ 132,332 $ 118,797 $ 105,952 $ 97,677
−Removed: Interest expense 26,952 34,873 26,323 17,972 16,087
−Removed: Provision for loan losses 4,358 (2,880) 8,497 1,688 (1,163)
−Removed: Other income 28,336 24,792 23,818 20,818 19,995
−Removed: Other expenses 75,631 67,264 62,123 59,512 56,799
−Removed: Income taxes 11,277 12,549 8,905 19,537 14,394
−Removed: Net income 38,647 45,318 36,767 28,061 31,555
−Removed: Net income before Tax Act (1) NA NA NA 32,770 NA
−Removed: Basic $ 4.12 $ 4.85 $ 3.93 $ 3.01 $ 3.40
−Removed: Basic before Tax Act (1) NA NA NA 3.51 NA
−Removed: Diluted 4.12 4.85 3.92 3.01 3.40
−Removed: Diluted before Tax Act (1) NA NA NA 3.51 NA
−Removed: Cash dividends 0.890 0.820 0.750 0.700 0.650
−Removed: Book value as of December 31 44.59 40.12 35.87 33.39 31.22
−Removed: Increase (decrease) in book value due to:
−Removed: ESOP obligation (5.07) (5.54) (5.23) (4.64) (4.40)
−Removed: Accumulated other comprehensive income 0.94 0.15 (0.35) (0.26) (0.36)
−Removed: SELECTED RATIOS
−Removed: Return on average assets 1.09 % 1.40 % 1.23 % 1.02 % 1.23 %
−Removed: Return on average assets before Tax Act (1) NA NA NA 1.19 NA
−Removed: Return on average equity 8.72 11.23 9.92 9.24 11.26
−Removed: Return on average equity before Tax Act (1) NA NA NA 10.79 NA
−Removed: Net interest margin 3.00 3.18 3.25 3.43 3.43
−Removed: Average stockholders' equity to average total assets 12.47 12.45 12.35 11.02 10.94
−Removed: Dividend payout ratio 21.54 16.90 19.05 23.11 19.20
−Removed: (1) Non-GAAP financial measurement.
−Removed: For further information, refer to the Non-GAAP Financial Measures section of this report in Item 7.
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.