# EDGAR Filing Document

**Accession Number:** 0000732417
**File Stem:** 0001309148-25-000011
**Filing Date:** 2025-8
**Character Count:** 8134
**Document Hash:** 58dff40ce4cbffa5a974a226fe34d249
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001309148-25-000011.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001309148-25-000011

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HILLS BANCORPORATION
- **CENTRAL INDEX KEY:** 0000732417
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 421208067
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-36156
- **FILM NUMBER:** 251191904

**BUSINESS ADDRESS:**
- **STREET 1:** 131 MAIN ST
- **CITY:** HILLS
- **STATE:** IA
- **ZIP:** 52235
- **BUSINESS PHONE:** 3196792291

**MAIL ADDRESS:**
- **STREET 1:** 131 MAIN ST
- **CITY:** HILLS
- **STATE:** IA
- **ZIP:** 52235
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hills Bank & Trust Co
- **CENTRAL INDEX KEY:** 0001309148

**ORGANIZATION NAME:**
- **EIN:** 421186944

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 590 WEST FOREVERGREEN ROAD
- **CITY:** NORTH LIBERTY
- **STATE:** IA
- **ZIP:** 52317
- **BUSINESS PHONE:** 319-665-5778

**MAIL ADDRESS:**
- **STREET 1:** 590 WEST FOREVERGREEN ROAD
- **CITY:** NORTH LIBERTY
- **STATE:** IA
- **ZIP:** 52317

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hillstrust
- **DATE OF NAME CHANGE:** 20041118

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 13)**

**Issuer:** Hills Bancorporation

**Title of Class of Securities:** Common Stock, $0 par value per share

**CUSIP Number:** 431643105

**Date of Event Which Requires Filing of this Statement:** 12/31/2024

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Hills Bank & Trust Co | Names of Reporting Persons<br>Hills Bank & Trust Co |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>IA | Citizenship or Place of Organization<br>IA |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>670236.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>670236.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>670236.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.5% | Percent of Class Represented by Amount in Row (9)<br>7.5% |
| 12. | Type of Reporting Person (See Instructions)<br>EP | Type of Reporting Person (See Instructions)<br>EP |

---

**Item 1(a). Name of Issuer:**
Hills Bancorporation

**Item 1(b). Address of Issuer's Principal Executive Offices:**
131 East Main Street, PO Box 160, Hills, IA, 52235

**Item 2(a). Name of Person Filing:**
Hills Bank and Trust Company, as Trustee of the Hills Bank and Trust Company Employee Stock Ownership Plan and Trust

**Item 2(b). Address of Principal Business Office:**
Same as in Item 1

**Item 2(c). Citizenship:**
State of Iowa

**Item 2(d). Title of Class of Securities:**
Common Stock, $0 par value per share

**Item 2(e). CUSIP Number:**
431643105

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [x] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See Row 9 of the cover page.

**(b) Percent of class:**

See Row 11 of the cover page.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See Rows 5, 6, 7 and 8 of the cover page.

**(ii) Shared power to vote or to direct the vote:**

See Rows 5, 6, 7 and 8 of the cover page.

**(iii) Sole power to dispose or to direct the disposition of:**

See Rows 5, 6, 7 and 8 of the cover page.

**(iv) Shared power to dispose or to direct the disposition of:**

See Rows 5, 6, 7 and 8 of the cover page.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Participants in the ESOP receive dividends on the shares that have been allocated to their respective accounts and may also direct the disposition of such shares under certain circumstances.  The ESOP Committee of the Board of Directors of Hills Bank and Trust Company has the power to determine whether dividends on unallocated shares that are paid to the ESOP are distributed to participants, are used to repay the ESOP loan or other ESOP expenses, or are otherwise invested.  There are currently no unallocated shares held by the ESOP Trust.

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Hills Bank & Trust Co**

**Date:** 08/07/2025

**By:** /s/ Lisa A. Shileny

**Name & Title:** Lisa A. Shileny, President