Hills Bank & Trust 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBVIE INC	COMMON STOCK	00287Y109	55	977	SH		SOLE		977	0	0
ABBVIE INC	COMMON STOCK	00287Y109	180	3,189	SH		OTR		3,189	0	0
AFLAC INC	COMMON STOCK	001055102	34	550	SH		SOLE		550	0	0
AFLAC INC	COMMON STOCK	001055102	261	4,200	SH		OTR		4,200	0	0
ALLIANT CORP	COMMON STOCK	018802108	67	1,100	SH		SOLE		1,100	0	0
ALLIANT CORP	COMMON STOCK	018802108	488	8,016	SH		OTR		8,016	0	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	142	1,500	SH		SOLE		1,500	0	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	451	4,750	SH		OTR		4,750	0	0
APPLE INC	COMMON STOCK	037833100	137	1,470	SH		SOLE		1,470	0	0
APPLE INC	COMMON STOCK	037833100	1,022	10,993	SH		OTR		10,993	0	0
AT&T INC	COMMON STOCK	00206R102	520	14,702	SH		SOLE		14,702	0	0
AT&T INC	COMMON STOCK	00206R102	1,495	42,275	SH		OTR		42,275	0	0
AUTOMATIC DATA PROCESSING INC	COMMON STOCK	053015103	163	2,050	SH		SOLE		2,050	0	0
AUTOMATIC DATA PROCESSING INC	COMMON STOCK	053015103	289	3,650	SH		OTR		3,650	0	0
BECTON DICKINSON	COMMON STOCK	075887109	750	6,340	SH		SOLE		6,340	0	0
BECTON DICKINSON	COMMON STOCK	075887109	1,662	14,049	SH		OTR		14,049	0	0
BERKSHIRE HATHAWAY INC CLASS A	COMMON STOCK	084670108	760	4	SH		OTR		4	0	0
BRINKER INTL INC	COMMON STOCK	109641100	287	5,902	SH		SOLE		5,902	0	0
BRINKER INTL INC	COMMON STOCK	109641100	724	14,889	SH		OTR		14,889	0	0
BRISTOL MYERS SQUIBB CO	COMMON STOCK	110122108	143	2,950	SH		SOLE		2,950	0	0
BRISTOL MYERS SQUIBB CO	COMMON STOCK	110122108	63	1,300	SH		OTR		1,300	0	0
CH ROBINSON WORLDWIDE INC	COMMON STOCK	12541W209	435	6,815	SH		SOLE		6,815	0	0
CH ROBINSON WORLDWIDE INC	COMMON STOCK	12541W209	983	15,417	SH		OTR		15,417	0	0
CHEVRON CORPORATION	COMMON STOCK	166764100	137	1,050	SH		SOLE		1,050	0	0
CHEVRON CORPORATION	COMMON STOCK	166764100	308	2,363	SH		OTR		2,363	0	0
CLOROX COMPANY	COMMON STOCK	189054109	487	5,324	SH		SOLE		5,324	0	0
CLOROX COMPANY	COMMON STOCK	189054109	1,059	11,588	SH		OTR		11,588	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	COMMON STOCK	192446102	71	1,450	SH		SOLE		1,450	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	COMMON STOCK	192446102	528	10,800	SH		OTR		10,800	0	0
COMCAST CORP-SPECIAL CL A	COMMON STOCK	20030N200	387	7,250	SH		SOLE		7,250	0	0
COMCAST CORP-SPECIAL CL A	COMMON STOCK	20030N200	168	3,142	SH		OTR		3,142	0	0
CONOCOPHILLIPS	COMMON STOCK	20825C104	111	1,292	SH		SOLE		1,292	0	0
CONOCOPHILLIPS	COMMON STOCK	20825C104	158	1,847	SH		OTR		1,847	0	0
CVS CAREMARK CORP	COMMON STOCK	126650100	385	5,110	SH		SOLE		5,110	0	0
CVS CAREMARK CORP	COMMON STOCK	126650100	1,068	14,170	SH		OTR		14,170	0	0
DEERE & CO	COMMON STOCK	244199105	186	2,050	SH		SOLE		2,050	0	0
DEERE & CO	COMMON STOCK	244199105	414	4,571	SH		OTR		4,571	0	0
DENTSPLY INTERNATIONAL INC	COMMON STOCK	249030107	628	13,270	SH		SOLE		13,270	0	0
DENTSPLY INTERNATIONAL INC	COMMON STOCK	249030107	1,339	28,282	SH		OTR		28,282	0	0
DONALDSON INC	COMMON STOCK	257651109	1,024	24,185	SH		SOLE		24,185	0	0
DONALDSON INC	COMMON STOCK	257651109	2,045	48,320	SH		OTR		48,320	0	0
EBAY INC	COMMON STOCK	278642103	643	12,850	SH		SOLE		12,850	0	0
EBAY INC	COMMON STOCK	278642103	1,697	33,901	SH		OTR		33,901	0	0
EMERSON ELEC CO	COMMON STOCK	291011104	809	12,188	SH		SOLE		12,188	0	0
EMERSON ELEC CO	COMMON STOCK	291011104	1,642	24,737	SH		OTR		24,737	0	0
EXPRESS SCRIPTS HLDG	COMMON STOCK	30219G108	475	6,850	SH		SOLE		6,850	0	0
EXPRESS SCRIPTS HLDG	COMMON STOCK	30219G108	499	7,195	SH		OTR		7,195	0	0
EXXONMOBIL CORP	COMMON STOCK	30231G102	1,462	14,519	SH		SOLE		14,519	0	0
EXXONMOBIL CORP	COMMON STOCK	30231G102	2,832	28,126	SH		OTR		28,126	0	0
FASTENAL CO	COMMON STOCK	311900104	2,336	47,205	SH		SOLE		47,205	0	0
FASTENAL CO	COMMON STOCK	311900104	3,585	72,447	SH		OTR		72,447	0	0
FISERV INC	COMMON STOCK	337738108	1,068	17,710	SH		SOLE		17,710	0	0
FISERV INC	COMMON STOCK	337738108	2,186	36,240	SH		OTR		36,240	0	0
GENERAL ELECTRIC CORP	COMMON STOCK	369604103	301	11,450	SH		SOLE		11,450	0	0
GENERAL ELECTRIC CORP	COMMON STOCK	369604103	609	23,157	SH		OTR		21,657	0	1,500
GENERAL MILLS INC.	COMMON STOCK	370334104	476	9,053	SH		SOLE		9,053	0	0
GENERAL MILLS INC.	COMMON STOCK	370334104	1,156	22,001	SH		OTR		22,001	0	0
HOME DEPOT INC	COMMON STOCK	437076102	1,352	16,700	SH		SOLE		16,700	0	0
HOME DEPOT INC	COMMON STOCK	437076102	3,123	38,574	SH		OTR		37,824	0	750
ILLINOIS TOOL WKS INC	COMMON STOCK	452308109	1,555	17,756	SH		SOLE		17,756	0	0
ILLINOIS TOOL WKS INC	COMMON STOCK	452308109	3,443	39,317	SH		OTR		39,317	0	0
INTEL CORP	COMMON STOCK	458140100	1,077	34,850	SH		SOLE		34,850	0	0
INTEL CORP	COMMON STOCK	458140100	2,146	69,465	SH		OTR		69,465	0	0
INTERCONTINENTAL EXCHANGE	COMMON STOCK	45866F104	692	3,665	SH		SOLE		3,665	0	0
INTERCONTINENTAL EXCHANGE	COMMON STOCK	45866F104	1,592	8,429	SH		OTR		8,429	0	0
INTL. BUSINESS MACHINES CORP	COMMON STOCK	459200101	1,453	8,013	SH		SOLE		8,013	0	0
INTL. BUSINESS MACHINES CORP	COMMON STOCK	459200101	3,419	18,862	SH		OTR		18,862	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	1,431	13,677	SH		SOLE		13,677	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	3,749	35,832	SH		OTR		35,832	0	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	518	8,995	SH		SOLE		8,995	0	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	1,166	20,241	SH		OTR		20,241	0	0
MCDONALDS CORP	COMMON STOCK	580135101	1,017	10,100	SH		SOLE		10,100	0	0
MCDONALDS CORP	COMMON STOCK	580135101	2,239	22,228	SH		OTR		22,228	0	0
MDU RES GROUP INC	COMMON STOCK	552690109	321	9,150	SH		OTR		9,150	0	0
MICROSOFT CORP	COMMON STOCK	594918104	1,274	30,540	SH		SOLE		30,540	0	0
MICROSOFT CORP	COMMON STOCK	594918104	2,885	69,179	SH		OTR		68,579	0	600
MIDDLEBY CORP	COMMON STOCK	596278101	124	1,500	SH		SOLE		1,500	0	0
MIDDLEBY CORP	COMMON STOCK	596278101	360	4,350	SH		OTR		4,350	0	0
NIKE INC-CLASS B	COMMON STOCK	654106103	1,019	13,140	SH		SOLE		13,140	0	0
NIKE INC-CLASS B	COMMON STOCK	654106103	1,995	25,724	SH		OTR		25,724	0	0
OMNICOM GROUP	COMMON STOCK	681919106	641	8,999	SH		SOLE		8,999	0	0
OMNICOM GROUP	COMMON STOCK	681919106	1,326	18,624	SH		OTR		18,624	0	0
PEPSICO INC	COMMON STOCK	713448108	1,536	17,190	SH		SOLE		17,190	0	0
PEPSICO INC	COMMON STOCK	713448108	3,557	39,818	SH		OTR		39,818	0	0
PFIZER INC	COMMON STOCK	717081103	157	5,300	SH		SOLE		5,300	0	0
PFIZER INC	COMMON STOCK	717081103	115	3,865	SH		OTR		3,865	0	0
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	17	200	SH		SOLE		200	0	0
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	275	3,259	SH		OTR		3,259	0	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	1,914	24,355	SH		SOLE		24,355	0	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	7,331	93,279	SH		OTR		93,279	0	0
QUALCOMM INC	COMMON STOCK	747525103	637	8,045	SH		SOLE		8,045	0	0
QUALCOMM INC	COMMON STOCK	747525103	1,420	17,935	SH		OTR		17,935	0	0
STATE STREET CORP	COMMON STOCK	857477103	1,031	15,328	SH		SOLE		15,328	0	0
STATE STREET CORP	COMMON STOCK	857477103	1,920	28,544	SH		OTR		28,544	0	0
STERICYCLE INC	COMMON STOCK	858912108	128	1,080	SH		SOLE		1,080	0	0
STERICYCLE INC	COMMON STOCK	858912108	445	3,760	SH		OTR		3,760	0	0
STRYKER CORPORATION	COMMON STOCK	863667101	183	2,174	SH		SOLE		2,174	0	0
STRYKER CORPORATION	COMMON STOCK	863667101	30	350	SH		OTR		350	0	0
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	1,444	17,109	SH		SOLE		17,109	0	0
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	2,093	24,793	SH		OTR		24,793	0	0
TARGET CORP	COMMON STOCK	87612E106	738	12,735	SH		SOLE		12,735	0	0
TARGET CORP	COMMON STOCK	87612E106	1,573	27,138	SH		OTR		27,138	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	671	5,690	SH		SOLE		5,690	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	1,634	13,851	SH		OTR		13,851	0	0
UNION PAC CORP	COMMON STOCK	907818108	125	1,250	SH		SOLE		1,250	0	0
UNION PAC CORP	COMMON STOCK	907818108	368	3,688	SH		OTR		3,688	0	0
US BANCORP NEW	COMMON STOCK	902973304	188	4,350	SH		SOLE		4,350	0	0
US BANCORP NEW	COMMON STOCK	902973304	2,196	50,691	SH		OTR		50,691	0	0
VERIZON COMMUNICATIONS	COMMON STOCK	92343V104	453	9,249	SH		SOLE		9,249	0	0
VERIZON COMMUNICATIONS	COMMON STOCK	92343V104	318	6,491	SH		OTR		6,491	0	0
WAL MART STORES INC	COMMON STOCK	931142103	84	1,120	SH		SOLE		1,120	0	0
WAL MART STORES INC	COMMON STOCK	931142103	183	2,443	SH		OTR		2,443	0	0
WALGREEN CO	COMMON STOCK	931422109	170	2,300	SH		SOLE		2,300	0	0
WALGREEN CO	COMMON STOCK	931422109	156	2,105	SH		OTR		2,105	0	0
WELLS FARGO & CO	COMMON STOCK	949746101	1,159	22,045	SH		SOLE		22,045	0	0
WELLS FARGO & CO	COMMON STOCK	949746101	2,576	49,003	SH		OTR		49,003	0	0
YUM! BRANDS INC	COMMON STOCK	988498101	97	1,200	SH		SOLE		1,200	0	0
YUM! BRANDS INC	COMMON STOCK	988498101	218	2,690	SH		OTR		2,690	0	0
DIAGEO PLC SPONS ADR	COMMON STOCK	25243Q205	70	550	SH		SOLE		550	0	0
DIAGEO PLC SPONS ADR	COMMON STOCK	25243Q205	193	1,517	SH		OTR		1,517	0	0
NOVARTIS AG SPONS ADR	COMMON STOCK	66987V109	680	7,513	SH		SOLE		7,513	0	0
NOVARTIS AG SPONS ADR	COMMON STOCK	66987V109	1,386	15,313	SH		OTR		15,313	0	0
TEVA PHARMACEUTICAL INDS SPONS	COMMON STOCK	881624209	893	17,030	SH		SOLE		17,030	0	0
TEVA PHARMACEUTICAL INDS SPONS	COMMON STOCK	881624209	1,820	34,726	SH		OTR		34,726	0	0
AON PLC	COMMON STOCK	G0408V102	99	1,100	SH		SOLE		1,100	0	0
AON PLC	COMMON STOCK	G0408V102	214	2,375	SH		OTR		2,375	0	0
SCHLUMBERGER LTD	COMMON STOCK	806857108	230	1,950	SH		SOLE		1,950	0	0
SCHLUMBERGER LTD	COMMON STOCK	806857108	120	1,014	SH		OTR		1,014	0	0
SUN LIFE FINANCIAL INC	COMMON STOCK	866796105	808	22,000	SH		OTR		22,000	0	0
SUNCOR ENERGY INC	COMMON STOCK	867224107	294	6,900	SH		SOLE		6,900	0	0
SUNCOR ENERGY INC	COMMON STOCK	867224107	196	4,600	SH		OTR		4,600	0	0
ISHARES MSCI EAFE ETF	OTHER	464287465	2,812	41,128	SH		SOLE		0	0	0
ISHARES MSCI EAFE ETF	OTHER	464287465	10,618	155,308	SH		OTR		0	0	0
ENERGY SELECT SECTOR SPDR	OTHER	81369Y506	3,179	31,759	SH		SOLE		0	0	0
ENERGY SELECT SECTOR SPDR	OTHER	81369Y506	7,864	78,559	SH		OTR		0	0	0
ISHARES CORE S&P SMALL-CAP ETF	OTHER	464287804	366	3,265	SH		SOLE		0	0	0
ISHARES CORE S&P SMALL-CAP ETF	OTHER	464287804	4,558	40,660	SH		OTR		0	0	0
ISHARES DJ US HEALTH CAR PRO E	OTHER	464288828	615	5,981	SH		SOLE		0	0	0
ISHARES DJ US HEALTH CAR PRO E	OTHER	464288828	1,184	11,514	SH		OTR		0	0	0
ISHARES DJ US INSURANCE ETF	OTHER	464288786	965	20,185	SH		SOLE		0	0	0
ISHARES DJ US INSURANCE ETF	OTHER	464288786	2,119	44,321	SH		OTR		0	0	0
MATERIALS SELECT SPDR FUND	OTHER	81369Y100	1,505	30,310	SH		SOLE		0	0	0
MATERIALS SELECT SPDR FUND	OTHER	81369Y100	3,274	65,947	SH		OTR		0	0	0
POWERSHARES DYN BIOTECH & GENO	OTHER	73935X856	643	14,713	SH		SOLE		0	0	0
POWERSHARES DYN BIOTECH & GENO	OTHER	73935X856	1,646	37,659	SH		OTR		0	0	0
SPDR S&P MIDCAP 400 ETF TRUST	OTHER	78467Y107	4,877	18,717	SH		SOLE		0	0	0
SPDR S&P MIDCAP 400 ETF TRUST	OTHER	78467Y107	20,952	80,410	SH		OTR		0	0	0
SPDR S&P OIL & GAS EQUIP & SER	OTHER	78464A748	472	9,575	SH		SOLE		0	0	0
SPDR S&P OIL & GAS EQUIP & SER	OTHER	78464A748	1,158	23,499	SH		OTR		0	0	0
SPDR S&P 500 ETF TRUST	OTHER	78462F103	3,729	19,055	SH		SOLE		0	0	0
SPDR S&P 500 ETF TRUST	OTHER	78462F103	29,424	150,335	SH		OTR		0	0	0
VANGUARD DIVIDEND APPREC ETF	OTHER	921908844	75	960	SH		SOLE		0	0	0
VANGUARD DIVIDEND APPREC ETF	OTHER	921908844	131	1,685	SH		OTR		0	0	0
FLEXSHARES IBOXX 3-YEAR TARG	OTHER	33939L506	1,839	72,825	SH		SOLE		0	0	0
FLEXSHARES IBOXX 3-YEAR TARG	OTHER	33939L506	8,149	322,725	SH		OTR		0	0	0