Highlights Net income improved by 57% over third-quarter 2004. On a year-to-date basis, net income improved by 24%. Rocky Mountain Bank’s contribution to net income was $1.8 million during the first nine months of 2005 compared to $1.1 million during the same period in 2004. Of particular note was the continued maintenance of our net interest margin at or near 4% of average earning assets, primarily as a result of growth experienced in our loan portfolio. Recorded in noninterest income during the third quarter of 2005 was the forgiveness of $500,000 in debt as Heartland fulfilled the job creation requirements of its Community Development Block Grant Loan Agreement with the City of Dubuque. Total loans and leases increased $61 million or 3% since June 30, 2005. A majority of this growth occurred at Dubuque Bank & Trust, Galena State Bank, Arizona Bank & Trust and New Mexico Bank & Trust. Total deposits increased $31 million or 2% since June 30, 2005, as a result of the growth experienced at our three banks in the West. In October, we opened a loan production office in Denver, Colorado. We expect this office to become a full-service state-chartered bank, operating under the name of Summit Bank & Trust, during the second quarter of 2006. We recently celebrated the opening of three new branch locations: On October 10th, New Mexico Bank & Trust opened its thirteenth branch location in Albuquerque, New Mexico. On October 26th, Rocky Mountain Bank opened its ninth branch location in Kalispell, Montana. On November 14th, Riverside Community Bank opened its fourth branch location in Machesney Park, Illinois. Investor Information Heartland's common stock is traded on the NASDAQ(r) National Market System under the symbol "HTLF." Heartland is its own stock transfer agent. Any correspondence may be directed to Lois K. Pearce, Corporate Secretary. Primary market makers are: Howe Barnes Investments, Inc. 222 S. Riverside Plaza, 7th Floor, Chicago, IL 60606-5808 Phone 800-800-4693 FTN Financial Securities Corp. 350 Madison Avenue, 19th Floor, New York, NY 10017 Phone 866-268-6529 Additional information about Heartland is available through our website at www.htlf.com. This newsletter may contain forward-looking statements. Actual events and results may differ significantly from those described in such forward-looking statements, due to changes in the economy, interest rates or other factors. For additional information about these factors, please review our filings with the Securities and Exchange Commission. Heartland undertakes no obligation to update any statement in this newsletter in light of new information or future events.