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	59	900	SH		SOLE		900	0	0
ABBVIE INC	COMMON STOCK	00287Y109	211	3,219	SH		OTR		3,219	0	0
AFLAC INC	COMMON STOCK	001055102	34	550	SH		SOLE		550	0	0
AFLAC INC	COMMON STOCK	001055102	257	4,200	SH		OTR		4,200	0	0
ALLIANT CORP	COMMON STOCK	018802108	73	1,100	SH		SOLE		1,100	0	0
ALLIANT CORP	COMMON STOCK	018802108	546	8,216	SH		OTR		8,216	0	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	140	1,500	SH		SOLE		1,500	0	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	442	4,750	SH		OTR		4,750	0	0
APPLE INC	COMMON STOCK	037833100	174	1,572	SH		SOLE		1,572	0	0
APPLE INC	COMMON STOCK	037833100	1,104	10,006	SH		OTR		10,006	0	0
AT&T INC	COMMON STOCK	00206R102	681	20,275	SH		SOLE		20,275	0	0
AT&T INC	COMMON STOCK	00206R102	1,416	42,144	SH		OTR		42,144	0	0
AUTOMATIC DATA PROCESSING INC	COMMON STOCK	053015103	171	2,050	SH		SOLE		2,050	0	0
AUTOMATIC DATA PROCESSING INC	COMMON STOCK	053015103	313	3,750	SH		OTR		3,750	0	0
BECTON DICKINSON	COMMON STOCK	075887109	993	7,135	SH		SOLE		7,135	0	0
BECTON DICKINSON	COMMON STOCK	075887109	2,046	14,704	SH		OTR		14,704	0	0
BERKSHIRE HATHAWAY INC CLASS A	COMMON STOCK	084670108	904	4	SH		OTR		4	0	0
BRINKER INTL INC	COMMON STOCK	109641100	358	6,092	SH		SOLE		6,092	0	0
BRINKER INTL INC	COMMON STOCK	109641100	925	15,754	SH		OTR		15,754	0	0
BRISTOL MYERS SQUIBB CO	COMMON STOCK	110122108	174	2,950	SH		SOLE		2,950	0	0
BRISTOL MYERS SQUIBB CO	COMMON STOCK	110122108	77	1,300	SH		OTR		1,300	0	0
CH ROBINSON WORLDWIDE INC	COMMON STOCK	12541W209	521	6,955	SH		SOLE		6,955	0	0
CH ROBINSON WORLDWIDE INC	COMMON STOCK	12541W209	1,148	15,327	SH		OTR		15,327	0	0
CHEVRON CORPORATION	COMMON STOCK	166764100	368	3,278	SH		SOLE		3,278	0	0
CHEVRON CORPORATION	COMMON STOCK	166764100	268	2,386	SH		OTR		2,386	0	0
CISCO SYSTEMS INC	COMMON STOCK	17275R102	78	2,800	SH		SOLE		2,800	0	0
CISCO SYSTEMS INC	COMMON STOCK	17275R102	158	5,665	SH		OTR		5,665	0	0
CLOROX COMPANY	COMMON STOCK	189054109	592	5,684	SH		SOLE		5,684	0	0
CLOROX COMPANY	COMMON STOCK	189054109	1,194	11,453	SH		OTR		11,453	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	COMMON STOCK	192446102	693	13,160	SH		SOLE		13,160	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	COMMON STOCK	192446102	1,811	34,381	SH		OTR		34,381	0	0
COMCAST CORP-SPECIAL CL A	COMMON STOCK	20030N200	462	8,025	SH		SOLE		8,025	0	0
COMCAST CORP-SPECIAL CL A	COMMON STOCK	20030N200	166	2,892	SH		OTR		2,892	0	0
CVS HEALTH CORP	COMMON STOCK	126650100	552	5,735	SH		SOLE		5,735	0	0
CVS HEALTH CORP	COMMON STOCK	126650100	1,417	14,710	SH		OTR		14,710	0	0
DANAHER CORP	COMMON STOCK	235851102	214	2,500	SH		SOLE		2,500	0	0
DANAHER CORP	COMMON STOCK	235851102	30	354	SH		OTR		354	0	0
DEERE & CO	COMMON STOCK	244199105	217	2,450	SH		SOLE		2,450	0	0
DEERE & CO	COMMON STOCK	244199105	406	4,591	SH		OTR		4,591	0	0
DENTSPLY INTERNATIONAL INC	COMMON STOCK	249030107	753	14,141	SH		SOLE		14,141	0	0
DENTSPLY INTERNATIONAL INC	COMMON STOCK	249030107	1,568	29,432	SH		OTR		29,432	0	0
DISNEY WALT CO NEW	COMMON STOCK	254687106	57	600	SH		SOLE		600	0	0
DISNEY WALT CO NEW	COMMON STOCK	254687106	161	1,712	SH		OTR		1,712	0	0
DONALDSON INC	COMMON STOCK	257651109	991	25,660	SH		SOLE		25,660	0	0
DONALDSON INC	COMMON STOCK	257651109	1,953	50,569	SH		OTR		50,569	0	0
DOW CHEMICAL COMPANY	COMMON STOCK	260543103	194	4,254	SH		SOLE		4,254	0	0
DOW CHEMICAL COMPANY	COMMON STOCK	260543103	16	350	SH		OTR		350	0	0
DUKE ENERGY CORP	COMMON STOCK	26441C204	106	1,266	SH		SOLE		1,266	0	0
DUKE ENERGY CORP	COMMON STOCK	26441C204	100	1,200	SH		OTR		1,200	0	0
EBAY INC	COMMON STOCK	278642103	764	13,615	SH		SOLE		13,615	0	0
EBAY INC	COMMON STOCK	278642103	1,894	33,757	SH		OTR		33,757	0	0
EMERSON ELEC CO	COMMON STOCK	291011104	783	12,690	SH		SOLE		12,690	0	0
EMERSON ELEC CO	COMMON STOCK	291011104	1,569	25,417	SH		OTR		25,417	0	0
EXPRESS SCRIPTS HLDG	COMMON STOCK	30219G108	605	7,150	SH		SOLE		7,150	0	0
EXPRESS SCRIPTS HLDG	COMMON STOCK	30219G108	599	7,074	SH		OTR		7,074	0	0
EXXONMOBIL CORP	COMMON STOCK	30231G102	1,556	16,834	SH		SOLE		16,834	0	0
EXXONMOBIL CORP	COMMON STOCK	30231G102	2,681	29,000	SH		OTR		29,000	0	0
FASTENAL CO	COMMON STOCK	311900104	2,303	48,415	SH		SOLE		48,415	0	0
FASTENAL CO	COMMON STOCK	311900104	3,550	74,650	SH		OTR		74,650	0	0
FISERV INC	COMMON STOCK	337738108	1,178	16,605	SH		SOLE		16,605	0	0
FISERV INC	COMMON STOCK	337738108	2,400	33,815	SH		OTR		33,815	0	0
GENERAL ELECTRIC CORP	COMMON STOCK	369604103	762	30,139	SH		SOLE		30,139	0	0
GENERAL ELECTRIC CORP	COMMON STOCK	369604103	581	23,007	SH		OTR		21,507	0	1,500
GENERAL MILLS INC.	COMMON STOCK	370334104	588	11,031	SH		SOLE		11,031	0	0
GENERAL MILLS INC.	COMMON STOCK	370334104	1,320	24,754	SH		OTR		24,754	0	0
HEARTLAND EXPRESS INC	COMMON STOCK	422347104	18	666	SH		SOLE		666	0	0
HEARTLAND EXPRESS INC	COMMON STOCK	422347104	209	7,745	SH		OTR		7,745	0	0
HNI CORP	COMMON STOCK	404251100	163	3,200	SH		SOLE		3,200	0	0
HNI CORP	COMMON STOCK	404251100	49	950	SH		OTR		950	0	0
HOME DEPOT INC	COMMON STOCK	437076102	1,731	16,495	SH		SOLE		16,495	0	0
HOME DEPOT INC	COMMON STOCK	437076102	3,922	37,367	SH		OTR		36,617	0	750
ILLINOIS TOOL WKS INC	COMMON STOCK	452308109	1,743	18,406	SH		SOLE		18,406	0	0
ILLINOIS TOOL WKS INC	COMMON STOCK	452308109	3,803	40,159	SH		OTR		40,159	0	0
INTEL CORP	COMMON STOCK	458140100	1,085	29,900	SH		SOLE		29,900	0	0
INTEL CORP	COMMON STOCK	458140100	2,007	55,310	SH		OTR		55,310	0	0
INTERCONTINENTAL EXCHANGE INC	COMMON STOCK	45866F104	867	3,955	SH		SOLE		3,955	0	0
INTERCONTINENTAL EXCHANGE INC	COMMON STOCK	45866F104	1,904	8,684	SH		OTR		8,684	0	0
INTL. BUSINESS MACHINES CORP	COMMON STOCK	459200101	1,415	8,818	SH		SOLE		8,818	0	0
INTL. BUSINESS MACHINES CORP	COMMON STOCK	459200101	2,984	18,597	SH		OTR		18,597	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	1,421	13,585	SH		SOLE		13,585	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	3,727	35,637	SH		OTR		35,637	0	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	648	10,353	SH		SOLE		10,353	0	0
JP MORGAN CHASE & CO	COMMON STOCK	46625H100	1,387	22,166	SH		OTR		22,166	0	0
MCDONALDS CORP	COMMON STOCK	580135101	1,017	10,850	SH		SOLE		10,850	0	0
MCDONALDS CORP	COMMON STOCK	580135101	2,113	22,547	SH		OTR		22,547	0	0
MDU RES GROUP INC	COMMON STOCK	552690109	215	9,150	SH		OTR		9,150	0	0
MICROSOFT CORP	COMMON STOCK	594918104	1,216	26,175	SH		SOLE		26,175	0	0
MICROSOFT CORP	COMMON STOCK	594918104	2,784	59,944	SH		OTR		59,344	0	600
MIDDLEBY CORP	COMMON STOCK	596278101	149	1,500	SH		SOLE		1,500	0	0
MIDDLEBY CORP	COMMON STOCK	596278101	432	4,361	SH		OTR		4,361	0	0
NEXTERA ENERGY INC	COMMON STOCK	65339F101	191	1,798	SH		SOLE		1,798	0	0
NEXTERA ENERGY INC	COMMON STOCK	65339F101	17	161	SH		OTR		161	0	0
NIKE INC-CLASS B	COMMON STOCK	654106103	1,280	13,315	SH		SOLE		13,315	0	0
NIKE INC-CLASS B	COMMON STOCK	654106103	2,444	25,419	SH		OTR		25,419	0	0
OMNICOM GROUP	COMMON STOCK	681919106	751	9,693	SH		SOLE		9,693	0	0
OMNICOM GROUP	COMMON STOCK	681919106	1,470	18,979	SH		OTR		18,979	0	0
PEPSICO INC	COMMON STOCK	713448108	2,428	25,675	SH		SOLE		25,675	0	0
PEPSICO INC	COMMON STOCK	713448108	3,750	39,653	SH		OTR		39,653	0	0
PFIZER INC	COMMON STOCK	717081103	364	11,677	SH		SOLE		11,677	0	0
PFIZER INC	COMMON STOCK	717081103	124	3,965	SH		OTR		3,965	0	0
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	95	1,171	SH		SOLE		1,171	0	0
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	265	3,259	SH		OTR		3,259	0	0
PRAXAIR INC	COMMON STOCK	74005P104	282	2,178	SH		SOLE		2,178	0	0
PRAXAIR INC	COMMON STOCK	74005P104	26	200	SH		OTR		200	0	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	2,218	24,345	SH		SOLE		24,345	0	0
PROCTER & GAMBLE CO	COMMON STOCK	742718109	8,090	88,818	SH		OTR		88,818	0	0
QUALCOMM INC	COMMON STOCK	747525103	759	10,205	SH		SOLE		10,205	0	0
QUALCOMM INC	COMMON STOCK	747525103	1,592	21,417	SH		OTR		21,417	0	0
RAYTHEON COMPANY	COMMON STOCK	755111507	130	1,200	SH		SOLE		1,200	0	0
RAYTHEON COMPANY	COMMON STOCK	755111507	97	899	SH		OTR		899	0	0
STATE STREET CORP	COMMON STOCK	857477103	1,267	16,146	SH		SOLE		16,146	0	0
STATE STREET CORP	COMMON STOCK	857477103	2,298	29,269	SH		OTR		29,269	0	0
STERICYCLE INC	COMMON STOCK	858912108	142	1,080	SH		SOLE		1,080	0	0
STERICYCLE INC	COMMON STOCK	858912108	493	3,760	SH		OTR		3,760	0	0
STRYKER CORPORATION	COMMON STOCK	863667101	226	2,395	SH		SOLE		2,395	0	0
STRYKER CORPORATION	COMMON STOCK	863667101	33	350	SH		OTR		350	0	0
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	1,552	18,072	SH		SOLE		18,072	0	0
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	2,188	25,485	SH		OTR		25,485	0	0
TARGET CORP	COMMON STOCK	87612E106	1,023	13,470	SH		SOLE		13,470	0	0
TARGET CORP	COMMON STOCK	87612E106	2,040	26,879	SH		OTR		26,879	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	733	5,850	SH		SOLE		5,850	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	1,745	13,929	SH		OTR		13,929	0	0
UNION PAC CORP	COMMON STOCK	907818108	149	1,250	SH		SOLE		1,250	0	0
UNION PAC CORP	COMMON STOCK	907818108	431	3,620	SH		OTR		3,620	0	0
US BANCORP NEW	COMMON STOCK	902973304	151	3,350	SH		SOLE		3,350	0	0
US BANCORP NEW	COMMON STOCK	902973304	1,944	43,254	SH		OTR		43,254	0	0
VERIZON COMMUNICATIONS	COMMON STOCK	92343V104	631	13,481	SH		SOLE		13,481	0	0
VERIZON COMMUNICATIONS	COMMON STOCK	92343V104	305	6,511	SH		OTR		6,511	0	0
WAL MART STORES INC	COMMON STOCK	931142103	96	1,120	SH		SOLE		1,120	0	0
WAL MART STORES INC	COMMON STOCK	931142103	227	2,643	SH		OTR		2,643	0	0
WALGREENS BOOTS ALLIANCE INC	COMMON STOCK	931427108	175	2,300	SH		SOLE		2,300	0	0
WALGREENS BOOTS ALLIANCE INC	COMMON STOCK	931427108	141	1,854	SH		OTR		1,854	0	0
WELLS FARGO & CO	COMMON STOCK	949746101	1,234	22,513	SH		SOLE		22,513	0	0
WELLS FARGO & CO	COMMON STOCK	949746101	2,728	49,759	SH		OTR		49,759	0	0
YUM! BRANDS INC	COMMON STOCK	988498101	87	1,201	SH		SOLE		1,201	0	0
YUM! BRANDS INC	COMMON STOCK	988498101	189	2,590	SH		OTR		2,590	0	0
DIAGEO PLC SPONS ADR	COMMON STOCK	25243Q205	63	550	SH		SOLE		550	0	0
DIAGEO PLC SPONS ADR	COMMON STOCK	25243Q205	177	1,551	SH		OTR		1,551	0	0
NOVARTIS AG SPONS ADR	COMMON STOCK	66987V109	712	7,687	SH		SOLE		7,687	0	0
NOVARTIS AG SPONS ADR	COMMON STOCK	66987V109	1,457	15,728	SH		OTR		15,728	0	0
TEVA PHARMACEUTICAL INDS SPONS	COMMON STOCK	881624209	960	16,690	SH		SOLE		16,690	0	0
TEVA PHARMACEUTICAL INDS SPONS	COMMON STOCK	881624209	1,957	34,021	SH		OTR		34,021	0	0
AON PLC	COMMON STOCK	G0408V102	104	1,100	SH		SOLE		1,100	0	0
AON PLC	COMMON STOCK	G0408V102	225	2,375	SH		OTR		2,375	0	0
SCHLUMBERGER LTD	COMMON STOCK	806857108	167	1,950	SH		SOLE		1,950	0	0
SCHLUMBERGER LTD	COMMON STOCK	806857108	90	1,058	SH		OTR		1,058	0	0
SUN LIFE FINANCIAL INC	COMMON STOCK	866796105	793	22,000	SH		OTR		22,000	0	0
SUNCOR ENERGY INC	COMMON STOCK	867224107	249	7,825	SH		SOLE		7,825	0	0
SUNCOR ENERGY INC	COMMON STOCK	867224107	141	4,450	SH		OTR		4,450	0	0
ISHARES MSCI EAFE ETF	OTHER	464287465	2,380	39,117	SH		SOLE		0	0	0
ISHARES MSCI EAFE ETF	OTHER	464287465	9,037	148,543	SH		OTR		0	0	0
ENERGY SELECT SECTOR SPDR	OTHER	81369Y506	2,784	35,165	SH		SOLE		0	0	0
ENERGY SELECT SECTOR SPDR	OTHER	81369Y506	6,693	84,547	SH		OTR		0	0	0
ISHARES CORE S&P SMALL-CAP ETF	OTHER	464287804	378	3,315	SH		SOLE		0	0	0
ISHARES CORE S&P SMALL-CAP ETF	OTHER	464287804	4,204	36,859	SH		OTR		0	0	0
ISHARES DJ US HEALTH CAR PRO E	OTHER	464288828	745	6,291	SH		SOLE		0	0	0
ISHARES DJ US HEALTH CAR PRO E	OTHER	464288828	1,377	11,634	SH		OTR		0	0	0
ISHARES DJ US INSURANCE ETF	OTHER	464288786	1,097	21,930	SH		SOLE		0	0	0
ISHARES DJ US INSURANCE ETF	OTHER	464288786	2,273	45,451	SH		OTR		0	0	0
MATERIALS SELECT SPDR FUND	OTHER	81369Y100	1,538	31,655	SH		SOLE		0	0	0
MATERIALS SELECT SPDR FUND	OTHER	81369Y100	3,206	65,997	SH		OTR		0	0	0
POWERSHARES DYN BIOTECH & GENO	OTHER	73935X856	772	15,388	SH		SOLE		0	0	0
POWERSHARES DYN BIOTECH & GENO	OTHER	73935X856	1,920	38,244	SH		OTR		0	0	0
SPDR S&P MIDCAP 400 ETF TRUST	OTHER	78467Y107	4,922	18,646	SH		SOLE		0	0	0
SPDR S&P MIDCAP 400 ETF TRUST	OTHER	78467Y107	20,855	79,004	SH		OTR		0	0	0
SPDR S&P OIL & GAS EQUIP & SER	OTHER	78464A748	70	2,475	SH		SOLE		0	0	0
SPDR S&P OIL & GAS EQUIP & SER	OTHER	78464A748	303	10,739	SH		OTR		0	0	0
SPDR S&P 500 ETF TRUST	OTHER	78462F103	3,911	19,030	SH		SOLE		0	0	0
SPDR S&P 500 ETF TRUST	OTHER	78462F103	30,761	149,659	SH		OTR		0	0	0
VANGUARD DIVIDEND APPREC ETF	OTHER	921908844	78	960	SH		SOLE		0	0	0
VANGUARD DIVIDEND APPREC ETF	OTHER	921908844	137	1,685	SH		OTR		0	0	0
FLEXSHARES IBOXX 3-YEAR TARG	OTHER	33939L506	2,165	89,150	SH		SOLE		0	0	0
FLEXSHARES IBOXX 3-YEAR TARG	OTHER	33939L506	9,632	396,526	SH		OTR		0	0	0