Welcome to our dedicated page for Hills Bancorpf SEC filings (Ticker: HBIA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Hills Bancorporation (HILLS BANCORP OF IOWA) files a range of reports with the U.S. Securities and Exchange Commission, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and notifications of late filing on Form 12b-25. This page brings those filings together so you can review the company’s regulatory history and financial reporting disclosures in one place.
Key filings for Hills Bancorporation include 8-K reports that describe changes in the company’s independent registered public accounting firm. One such filing explains how the Audit Committee invited several national accounting firms to participate in a competitive process, decided to dismiss the existing auditor after completing a specified year’s audit, and approved the engagement of another firm, subject to client acceptance procedures and an engagement letter. The same filing discusses reportable events related to material weaknesses in internal control over financial reporting.
Hills Bancorporation’s filings also address internal control issues and late filing matters. A Form 12b-25 explains that an earlier draft of a Form 10-Q was inadvertently filed on EDGAR before the independent public accountants had completed their review, and that an amendment would be filed to correct the deficiencies. References in the company’s 10-K and 10-Q reports describe material weaknesses in internal control over financial reporting, including management review of period-end reporting, segregation of duties for manual journal entries, and procedures for identifying and disclosing related party transactions.
On Stock Titan, these filings can be viewed alongside AI-powered summaries that highlight the main points of each document. This includes explanations of 10-K and 10-Q disclosures, 8-K material events, and any reportable events involving internal control or auditor changes, helping readers navigate the technical language of SEC reports more efficiently.
Hills Bancorporation reported that its Audit Committee approved the engagement of Crowe LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The company states that, during the past two fiscal years and through April 2, 2026, it did not consult Crowe on accounting principles, audit opinions, or financial reporting decisions, and there were no matters involving disagreements or reportable events under Regulation S‑K.
Hills Bancorporation senior executive Brian R. Globokar received additional common shares through an employee stock purchase plan. On this Form 4, he acquired 30.6748 shares of common stock at $73.35 per share under the company’s plan on April 1, 2026, bringing his direct holdings to 3,775.0298 shares.
Hills Bancorporation senior vice president and chief financial officer Anthony V. Roetlin acquired 30.6748 shares of common stock on April 1, 2026 through the company’s employee stock purchase plan at $73.35 per share. Following this routine compensation-related acquisition, he directly holds 3,410.1074 common shares.
HILLS BANCORPORATION President and CEO Lisa A. Shileny acquired additional company stock through an employee program. On April 1, 2026, she received 30.6748 shares of Common Stock at $73.35 per share under the company’s employee stock purchase plan. Following this grant, she directly holds 9,305.5281 Common Stock shares.
This was a compensation-related acquisition rather than an open-market purchase, reflecting ongoing participation in the company’s employee stock purchase plan rather than a discretionary trade.
FINER TIMOTHY D reported acquisition or exercise transactions in this Form 4 filing.
Hills Bancorporation senior vice president Timothy D. Finer reported receiving a grant of 400 shares of common stock as time-based restricted stock. The award is part of his compensation and vests over eight years beginning January 13, 2026. Following this grant, he directly holds 9,300 common shares.
Hills Bancorporation is holding its Annual Meeting of Shareholders on April 20, 2026 in Hills, Iowa. Shareholders of record as of March 2, 2026 will vote on electing directors, an advisory “Say on Pay” resolution, and an advisory vote on the appointment of Crowe, LLP as independent auditor for 2026.
The board is nominating four directors, including new nominee Roger K. Smith, while Directors Hodge, Rhodes and Wiele will retire after reaching the mandatory age. The proxy describes a largely independent board, active risk oversight, and a pay-for-performance philosophy. For 2025, the disclosed CEO pay ratio is 14.26 to 1, and the prior say‑on‑pay vote received 91% support.
Hills Bancorporation, an Iowa-based bank holding company, reports a loan book heavily concentrated in real estate, which made up 86.39% of loans as of December 31, 2025. Mortgage loans totaled $2.741 billion, or 76.90% of the loan portfolio, spanning residential, commercial, multi-family and farmland credits.
Construction loans were $338.10 million, or 9.48% of loans, while commercial and financial loans were $295.62 million (8.29%) and agricultural loans $118.92 million (3.34%). Consumer and tax-exempt public loans remain small portions. Average assets were $4.57 billion in 2025, and investment securities of $955.58 million represented 20.56% of total assets.
The bank operates across Johnson, Linn, Washington and Iowa counties, competing with large banks and credit unions. It emphasizes strong capital and liquidity, reporting a Community Bank Leverage Ratio of 12.94%, above the 9.00% well-capitalized threshold, while noting risks from inflation, interest rates, liquidity, agriculture, climate change and regulation.
Hills Bancorporation notified the SEC it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The company says it is evaluating complex accounting and disclosure matters and needs additional time for internal documentation and for its independent auditor, Forvis Mazars, LLP, to complete procedures and issue opinions.
Hills Bancorporation amendment to a Schedule 13G/A reports that Hills Bank and Trust Company, as Trustee of the Hills Bank and Trust Company Employee Stock Ownership Plan and Trust beneficially owned 668,407 shares of Common Stock, representing 7.6% of the class as of 12/31/2025. The filing states the shares are held on behalf of ESOP participants and describes how dividends on allocated and unallocated shares are handled.