HBT Financial (HBT) 10-Q 20 Nov 19 2019 Q3 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	9 Months Ended
	Sep. 30, 2019	Nov. 20, 2019
DOCUMENT AND ENTITY INFORMATION
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Entity Registrant Name	HBT Financial, Inc.
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,457,306
Entity Central Index Key	0000775215
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 19,969	$ 21,343
Interest-bearing deposits with banks	134,972	165,536
Cash and cash equivalents	154,941	186,879
Interest-bearing time deposits with banks	248	248
Securities available-for-sale, at fair value	618,120	679,526
Securities held-to-maturity (fair value of $102,378 in 2019 and $121,506 in 2018)	99,861	121,715
Equity securities	4,436	3,261
Restricted stock, at cost	2,425	2,719
Loans held for sale	7,608	2,800
Loans, net of allowance for loan losses of $22,761 in 2019 and $20,509 in 2018	2,148,253	2,123,748
Bank premises and equipment, net	54,105	54,736
Bank premises held for sale	121	749
Foreclosed assets	6,574	9,559
Goodwill	23,620	23,620
Core deposit intangible assets, net	4,366	5,453
Mortgage servicing rights, at fair value	7,936	10,918
Investments in unconsolidated subsidiaries	1,165	1,165
Accrued interest receivable	14,816	15,300
Other assets	18,018	7,173
Total assets	3,166,613	3,249,569
Deposits:
Noninterest-bearing	649,316	664,876
Interest-bearing	2,054,742	2,131,094
Total deposits	2,704,058	2,795,970
Securities sold under agreements to repurchase	32,267	46,195
Subordinated debentures	37,566	37,517
Other liabilities	43,786	29,491
Total liabilities	2,817,677	2,909,173
COMMITMENTS AND CONTINGENCIES
Common stock:
Surplus	32,288	32,288
Retained earnings	311,055	315,234
Accumulated other comprehensive income (loss)	8,431	(4,288)
Less cost of treasury stock held:
Total stockholders’ equity	348,936	340,396
Total liabilities and stockholders’ equity	3,166,613	3,249,569
Voting
Common stock:
Common Stock	3	3
Less cost of treasury stock held:
Treasury Stock	(1,667)	(1,667)
Series A Nonvoting
Common stock:
Common Stock	178	178
Less cost of treasury stock held:
Treasury Stock	$ (1,352)	$ (1,352)

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Stockholders' Equity
Securities held-to-maturity fair value	$ 102,378	$ 121,506
Allowance for loan losses	$ 22,761	$ 20,509
Voting
Stockholders' Equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	315,780	268,312
Common stock, shares outstanding	315,780	268,312
Treasury stock ,shares	47,468	47,468
Series A Nonvoting
Stockholders' Equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	17,835,960	17,759,200
Common stock, shares outstanding	17,835,960	17,759,200
Treasury stock ,shares	76,760	76,760

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Loans, including fees:
Taxable	$ 29,308	$ 28,226	$ 89,257	$ 82,724
Federally tax exempt	684	749	2,130	1,981
Securities:
Taxable	3,572	3,619	11,295	10,804
Federally tax exempt	1,395	1,758	4,459	5,484
Interest-bearing deposits in bank	662	362	1,948	1,137
Other interest and dividend income	15	18	46	54
Total interest and dividend income	35,636	34,732	109,135	102,184
INTEREST EXPENSE
Deposits	2,000	1,619	6,094	4,215
Securities sold under agreements to repurchase	17	13	48	32
Borrowings		29	7	252
Subordinated debentures	478	470	1,462	1,319
Total interest expense	2,495	2,131	7,611	5,818
Net interest income	33,141	32,601	101,524	96,366
PROVISION FOR LOAN LOSSES	684	1,238	3,266	1,791
Net interest income after provision for loan losses	32,457	31,363	98,258	94,575
NONINTEREST INCOME
Mortgage servicing	795	755	2,342	2,400
Mortgage servicing rights fair value adjustment	(860)	(93)	(2,982)	274
Gains on sale of mortgage loans	992	855	2,177	2,206
Gains (losses) on securities	(73)	180	42	150
Gains (losses) on foreclosed assets	(20)	(251)	132	(858)
Gains (losses) on sales of other assets	(29)	(13)	944	207
Other noninterest income	1,005	939	2,759	2,696
Total noninterest income	7,582	8,407	22,415	24,811
NONINTEREST EXPENSE
Salaries	12,335	12,264	36,339	36,572
Employee benefits	2,224	1,492	8,314	4,722
Occupancy of bank premises	1,785	1,822	5,260	5,576
Furniture and equipment	545	695	2,050	2,307
Data processing	1,471	1,265	4,023	3,935
Marketing and customer relations	801	974	2,837	3,086
Amortization of intangible assets	335	389	1,087	1,169
FDIC insurance	8	241	435	728
Loan collection and servicing	547	625	1,901	1,990
Foreclosed assets	196	247	525	672
Other noninterest expense	2,056	1,923	6,305	6,120
Total noninterest expense	22,303	21,937	69,076	66,877
INCOME BEFORE INCOME TAX EXPENSE	17,736	17,833	51,597	52,509
INCOME TAX EXPENSE	299	241	819	630
NET INCOME	$ 17,437	$ 17,592	$ 50,778	$ 51,879
EARNINGS PER SHARE - BASIC	$ 0.97	$ 0.98	$ 2.82	$ 2.87
EARNINGS PER SHARE - DILUTED	$ 0.97	$ 0.98	$ 2.82	$ 2.87
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING	18,027,512	18,027,512	18,027,512	18,054,011
Card income
NONINTEREST INCOME
Revenue	$ 1,985	$ 1,848	$ 5,813	$ 5,427
Service charges on deposit accounts
NONINTEREST INCOME
Revenue	2,111	2,157	5,805	6,063
Wealth management fees
NONINTEREST INCOME
Revenue	$ 1,676	1,695	5,216	5,315
Title insurance activity
NONINTEREST INCOME
Revenue		$ 335	$ 167	$ 931

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
PRO FORMA C CORP EQUIVALENT INFORMATION (Note 1)
Historical income before income tax expense	$ 17,736	$ 17,833	$ 51,597	$ 52,509
Pro forma C Corp equivalent income tax expense	299	241	819	630
NET INCOME	$ 17,437	$ 17,592	$ 50,778	$ 51,879
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - BASIC	$ 0.97	$ 0.98	$ 2.82	$ 2.87
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - DILUTED	$ 0.97	$ 0.98	$ 2.82	$ 2.87
Pro Forma
PRO FORMA C CORP EQUIVALENT INFORMATION (Note 1)
Historical income before income tax expense	$ 17,736	$ 17,833	$ 51,597	$ 52,509
Pro forma C Corp equivalent income tax expense	4,614	4,605	13,313	13,406
NET INCOME	$ 13,122	$ 13,228	$ 38,284	$ 39,103
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - BASIC	$ 0.73	$ 0.73	$ 2.12	$ 2.17
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - DILUTED	$ 0.73	$ 0.73	$ 2.12	$ 2.17

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$ 17,437	$ 17,592	$ 50,778	$ 51,879
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gains (losses) on securities available-for-sale	1,289	(3,196)	13,913	(12,458)
Reclassification adjustment for (gains) losses on securities available-for-sale realized in income		262		262
Reclassification adjustment for accretion of net unrealized gain on securities transferred to held-to-maturity	(62)	(99)	(221)	(287)
Unrealized losses on derivative instruments	(208)	(13)	(897)	(118)
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	24	39	76	137
Total other comprehensive income (loss)	995	(3,609)	12,719	(13,262)
TOTAL COMPREHENSIVE INCOME	$ 18,432	$ 13,983	$ 63,497	$ 38,617

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	VotingCommon Stock	Series A NonvotingCommon Stock	Surplus	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total
Balance at Dec. 31, 2017	$ 3	$ 178	$ 32,288	$ 293,934	$ (375)	$ (2,112)	$ 323,916
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				51,879			51,879
Other comprehensive income (loss)					(13,262)		(13,262)
Repurchase of common stock -Series A (43,180 shares)						(907)	(907)
Cash dividends				(31,769)			(31,769)
Balance at Sep. 30, 2018	3	178	32,288	314,166	(13,759)	(3,019)	329,857
Balance at Jun. 30, 2018	3	178	32,288	305,730	(10,150)	(3,019)	325,030
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				17,592			17,592
Other comprehensive income (loss)					(3,609)		(3,609)
Cash dividends				(9,156)			(9,156)
Balance at Sep. 30, 2018	3	178	32,288	314,166	(13,759)	(3,019)	329,857
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-01				122	(122)		(122)
Balance at Dec. 31, 2018	3	178	32,288	315,234	(4,288)	(3,019)	340,396
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				50,778			50,778
Other comprehensive income (loss)					12,719		12,719
Cash dividends				(54,957)			(54,957)
Balance at Sep. 30, 2019	3	178	32,288	311,055	8,431	(3,019)	348,936
Balance at Jun. 30, 2019	3	178	32,288	302,984	7,436	(3,019)	339,870
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				17,437			17,437
Other comprehensive income (loss)					995		995
Cash dividends				(9,366)			(9,366)
Balance at Sep. 30, 2019	$ 3	$ 178	$ 32,288	$ 311,055	$ 8,431	$ (3,019)	$ 348,936

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock Transactions, Parenthetical Disclosures [Abstract]
Cash dividends	$ 0.52	$ 0.51	$ 3.05	$ 1.76
Repurchase of common stock				43,180

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 50,778	$ 51,879
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	2,042	2,494
Provision for loan losses	3,266	1,791
Net amortization of securities	2,759	3,942
Net accretion of discount and deferred loan fees on loans	(3,150)	(4,107)
Net realized gain on sales of securities		(262)
Net unrealized (gain) loss on equity securities	(42)	112
Net gain on sales of bank premises and equipment	(29)	(13)
Net gain on sales of bank premises held for sale	(448)	(136)
Impairment losses on bank premises held for sale	37	52
Net (gain) loss on sales of foreclosed assets	(240)	281
Gain on loan foreclosures		(96)
Write-down of foreclosed assets	552	711
Direct write-downs	(552)	(711)
Amortization of intangibles	1,087	1,169
Decrease (increase) in mortgage servicing rights	2,982	(274)
Amortization of subordinated debt purchase accounting adjustment	49	50
Mortgage loans originated for sale	(106,885)	(103,983)
Proceeds from sale of mortgage loans	104,254	106,544
Net gain on sale of mortgage loans	(2,177)	(2,206)
Gain on sale of First Community Title Services, Inc.	(498)
Decrease (increase) in accrued interest receivable	484	(1,429)
(Increase) decrease in other assets	(2,228)	1,329
Increase (decrease) in other liabilities	4,705	(1,475)
Net cash provided by operating activities	57,298	56,373
CASH FLOWS FROM INVESTING ACTIVITIES
Net change in interest-bearing time deposits with banks		496
Proceeds from sales of securities available-for-sale		15,665
Proceeds from paydowns, maturities, and calls of securities	134,347	118,821
Purchase of securities	(40,903)	(81,592)
Net increase in loans	(26,049)	(20,090)
Purchase of restricted stock		(2,374)
Proceeds from redemption of restricted stock	294	2,531
Purchases of bank premises and equipment	(1,558)	(480)
Proceeds from sales of bank premises and equipment	176	31
Proceeds from sales of bank premises held for sale	1,039	1,599
Proceeds from sales of foreclosed assets	4,142	6,092
Capital improvements to foreclosed assets	(41)
Cash received from sale of First Community Title Services, Inc.	114
Net cash provided by investing activities	71,561	40,699
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in deposits	(91,912)	(116,031)
Net (decrease) increase in repurchase agreements	(13,928)	8,062
Repayment of Federal Home Loan Bank borrowings		(29,000)
Repurchase of common stock		(907)
Cash dividends paid	(54,957)	(31,769)
Net cash used in financing activities	(160,797)	(169,645)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(31,938)	(72,573)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	186,879	165,683
CASH AND CASH EQUIVALENTS AT END OF YEAR	154,941	93,110
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	7,646	5,674
Cash paid for income taxes	880	851
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfers of loans to foreclosed assets	1,788	1,889
Sales of foreclosed assets through loan origination	$ 360	$ 1,174

ACCOUNTING POLICIES

ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2019
ACCOUNTING POLICIES
ACCOUNTING POLICIES	NOTE 1 – ACCOUNTING POLICIES Basis of Presentation The unaudited consolidated financial statements, including the notes thereto of HBT Financial, Inc. (the Company), formerly known as Heartland Bancorp, Inc. until the Company name was changed on September 13, 2019, have been prepared in accordance with generally accepted accounting principles (GAAP) interim reporting requirements. Certain information in footnote disclosure normally included in financial statements prepared in accordance with GAAP has been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission. These interim unaudited consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes included in the Company’s prospectus filed with the Securities and Exchange Commission (SEC) on October 11, 2019. The Company’s principal business activity is banking, conducted through its wholly owned subsidiaries, Heartland Bank and Trust Company (Heartland Bank) and State Bank of Lincoln (Lincoln Bank). Heartland Bank and Lincoln Bank are collectively referred to as “the Banks”. On September 13, 2019, the Company effected a twenty-for-one stock split of its issued and outstanding shares of common stock and its issued and outstanding shares of Series A nonvoting common stock. Accordingly, all share and per share amounts for all periods presented in these financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect the stock split. The unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year. Initial Public Offering On September 13, 2019, the Company filed a Registration Statement on Form S-1 with the SEC. The Registration Statement was declared effective by the SEC on October 10, 2019. The Company issued and sold 9,429,794 shares of common stock at a price of $16 per share pursuant to that Registration Statement. Total proceeds received by the Company, net of offering costs, were approximately $138 million. The proceeds were used to fund a $170 million special dividend, or $9.43 per share, to shareholders of record prior to the initial public offering. The Company qualifies as an "emerging growth company" as defined by the Jumpstart Our Business Startups Act (JOBS Act). Use of Estimates The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported results of operations for the periods then ended. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses. Income Taxes Through October 10, 2019, the Company, with the consent of its stockholders, elected to be taxed under sections of federal and state income tax law as an "S Corporation" which provides that, in lieu of Company income taxes, except for state replacement and franchise taxes, the stockholders separately account for their pro rata shares of the Company’s items of income, deductions, losses and credits. As a result of this election, no income taxes, other than state replacement and franchise taxes, have been recognized in the accompanying consolidated financial statements. No provision has been made for any amounts which may be advanced or paid as dividends to the stockholders to assist them in paying their personal taxes on the income from the Company. Effective October 11, 2019, in connection with the initial public offering, the Company revoked its S Corporation status and became a taxable entity (C Corporation). As such, any periods prior to October 11, 2019 will only reflect an effective state income tax rate. In connection with the conversion of tax status, the Company recognized a deferred tax asset of approximately $0.5 million, income tax benefit of approximately $3.3 million, and a reduction in accumulated other comprehensive income of approximately $2.7 million. The Company files consolidated federal and state income tax returns. The Company is no longer subject to federal or state income tax examinations for years prior to 2016. Pro Forma Income Statement Information The pro forma C Corp equivalent income tax expense information gives effect to the income tax expense had the Company been a C Corporation during the three and nine months ended September 30, 2019 and 2018. The pro forma C Corp equivalent net income information, therefore, includes an adjustment for income tax expense as if the Company had been a C Corporation during the three and nine months ended September 30, 2019 and 2018. The pro forma basic and diluted earnings per share information is computed using the pro forma C Corp equivalent net income and weighted average shares of common stock outstanding. There were no dilutive instruments outstanding during 2019, therefore, the pro forma C Corp equivalent basic and diluted earnings per share amounts are the same. Segment Reporting The Company’s operations consist of one reportable segment called community banking. The operations of the non-bank subsidiaries of the Company primarily support the operations of the Banks. While the Company’s management monitors both bank subsidiaries’ operations and profitability separately, these subsidiaries have been aggregated into one reportable segment due to the similarities in products and services, customer base, operations, profitability measures, and economic characteristics. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation without any impact on the reported amounts of net income or stockholders’ equity. Subsequent Events In preparing these consolidated financial statements, the Company has evaluated events and transactions for potential of recognition or disclosure through the date the financial statements were issued. On October 10, 2019, each share of Series A nonvoting common stock was reclassified and converted into one share of common stock. Additionally, the Company increased the authorized shares to 150,000,000, of which 125,000,000 shares, par value of $0.01 per share, are designated as common stock and 25,000,000 shares, par value of $0.01 per share, are designated as preferred stock. Sale of First Community Title Services, Inc. On February 15, 2019, the Company consummated an agreement to sell substantially all assets and liabilities of First Community Title Services, Inc. to Illinois Real Estate Title Center, LLC, an Illinois limited liability company, for a combination of cash and an equity interest in Illinois Real Estate Title Center, LLC representing total consideration of approximately $498,000. Recent Accounting Pronouncements On January 1, 2019, the Company adopted Accounting Standards Update (ASU) 2016‑02, Leases (Topic 842) . Under the new guidance in this ASU, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee`s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers . The new lease guidance also simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. On January 1, 2019, the Company adopted this standard without a material impact on the Company’s results of operations or financial condition. In June 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016‑13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016‑13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU 2016‑13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016‑13 is effective for years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted for years beginning after December 31, 2018, including interim periods within those years. The Company is currently evaluating the effect that this standard will have on the consolidated results of operations and financial position. In January 2017, the FASB issued ASU 2017‑04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . This ASU simplifies measurement of goodwill and eliminates Step 2 from the goodwill impairment test. Under the ASU, a company should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The impairment charge is limited to the amount of goodwill allocated to that reporting unit. The amendments in this update are effective for annual or any interim goodwill impairment tests in years beginning after December 15, 2021, including interim periods within those years. Early adoption is permitted for goodwill impairment tests performed on testing dates after January 1, 2017. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In March 2017, the FASB issued ASU 2017‑08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310‑20), Premium Amortization on Purchased Callable Debt Securities . ASU 2017‑08 shortens the amortization period for certain callable debt securities held at a premium, requiring the premium to be amortized to the earliest call date. ASU 2017‑08 does not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. This guidance is effective for years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early application is permitted. The adoption of this ASU requires use of a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company adopted this standard on January 1, 2019 without a material impact on the Company’s consolidated results of operations or financial condition. In August 2017, the FASB issued ASU 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . ASU 2017‑12 improves the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements and make certain targeted improvements to simplify the application of the hedge accounting guidance in current generally accepted accounting principles. The Company adopted this standard on January 1, 2018 without a material impact on the Company’s consolidated results of operations or financial condition. In August 2018, the FASB issued ASU 2018‑13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement . ASU 2018‑13 removes, modifies, and adds certain disclosure requirements on fair value measurements. This guidance is effective for annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In October 2018, the FASB issued ASU 2018‑16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate as a Benchmark Interest Rate for Hedge Accounting Purposes . ASU 2018‑16 permits the use of the SOFR Overnight Index Swap Rate as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815. The Company adopted this standard on January 1, 2019 without a material impact on the Company’s consolidated results of operations or financial condition.

TRANSACTIONS BETWEEN ENTITIES U

TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL	9 Months Ended
	Sep. 30, 2019
TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL
TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL	NOTE 2 – TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL On October 29, 2018, the Company entered into an agreement to exchange 100% of the outstanding stock of Lincoln S.B. Corp., an Illinois Corporation headquartered in Lincoln, Illinois, for shares of HBT Financial, Inc. Series A common stock. The transaction was completed on December 31, 2018 (the effective date). Lincoln Bank, which was Lincoln S.B. Corp.’s wholly-owned subsidiary prior to the agreement, offers a full line of quality retail and commercial banking products through six branches in central Illinois. The Company has operated Lincoln Bank as a separate subsidiary since the transaction was completed. Under the terms of the definitive agreement, the 14,548 issued and outstanding shares of Lincoln S.B. Corp. common stock were converted into 1,382,560 shares of HBT Financial, Inc. Series A common stock and approximately $6,000 paid in cash for fractional shares. In addition to the shares exchanged and cash paid for fractional shares, an additional $500,000 in cash was deposited into an escrow account. After 12 months, the escrow agreement shall expire, and the funds held in escrow shall be distributed to the Lincoln S.B. Corp. shareholders. The voting ownership of HBT Financial, Inc. and Lincoln S.B. Corp. were considered under common control on the effective date of the transaction and for all periods presented in the consolidated financial statements. This transaction was accounted for as a change in reporting entity and, accordingly, HBT Financial, Inc., the receiving entity, recognized assets and liabilities transferred at their carrying amounts in the accounts of Lincoln S.B. Corp., the transferring entity, on the effective date of the transaction. The results of operations are reported as though the exchange of equity interests had occurred at the beginning of the periods presented. For similar assets and liabilities accounted for using different accounting methods, the carrying amounts have been retrospectively adjusted to the basis of accounting used by HBT Financial, Inc. Significant intra-entity transactions and accounts have been eliminated in consolidation.

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2019
SECURITIES
SECURITIES	NOTE 3 – SECURITIES Securities as shown in these consolidated financial statements reflect revised categories as required by the Company’s adoption of ASU 2016‑01 on January 1, 2018. That new guidance refined the definition of equity securities and required their segregation from debt securities available-for-sale. While changes in the fair value of debt securities available-for-sale continue to be recorded in accumulated other comprehensive income (loss), the new guidance requires changes in the fair value of equity securities to be recorded in current earnings. As required by the new guidance, the unrealized gain in fair value on equity securities (recorded in accumulated other comprehensive loss at December 31, 2017) was reclassified to retained earnings on January 1, 2018. The amount of the reclassification was $122,000. The carrying balances of the securities were as follows: September 30, December 31, 2019 2018 (dollars in thousands) Securities available-for-sale $ 618,120 $ 679,526 Securities held-to-maturity 99,861 121,715 Equity securities: Readily determinable fair value 3,251 3,081 No readily determinable fair value 1,185 180 Total securities $ 722,417 $ 804,502 The Company has elected to measure the equity securities with no readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes for identical or similar securities of the same issuer. During the three and nine months ended September 30, 2019, the Company recognized a $(128,000) adjustment to the carrying value of equity securities with no readily determinable fair value based on an observable price change of an identical investment. The amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses, are as follows: September 30, 2019 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 38,633 $ 947 $ (6) $ 39,574 Municipal 150,058 2,451 (10) 152,499 Mortgage-backed: Agency residential 215,303 3,182 (239) 218,246 Agency commercial 127,550 2,084 (185) 129,449 Private-label 22 — — 22 Corporate 77,202 1,135 (7) 78,330 Total $ 608,768 $ 9,799 $ (447) $ 618,120 December 31, 2018 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 46,977 $ 250 $ (361) $ 46,866 Municipal 161,957 761 (1,268) 161,450 Mortgage-backed: Agency residential 235,903 788 (2,388) 234,303 Agency commercial 151,878 285 (2,082) 150,081 Private-label 254 2 — 256 Corporate 87,118 207 (755) 86,570 Total $ 684,087 $ 2,293 $ (6,854) $ 679,526 The carrying value and fair value of securities held-to-maturity, with gross unrealized gains and losses, are as follows: September 30, 2019 Carrying Gross Gross Fair Value Held-to-maturity: (dollars in thousands) Municipal $ 55,182 $ 1,424 $ — $ 56,606 Mortgage-backed: Agency residential 20,336 163 (145) 20,354 Agency commercial 24,343 1,093 (18) 25,418 Total $ 99,861 $ 2,680 $ (163) $ 102,378 December 31, 2018 Carrying Gross Gross Fair Value Held-to-maturity: (dollars in thousands) Municipal $ 73,176 $ 1,149 $ (42) $ 74,283 Mortgage-backed: Agency residential 23,192 — (998) 22,194 Agency commercial 25,347 177 (495) 25,029 Total $ 121,715 $ 1,326 $ (1,535) $ 121,506 Amortized cost of securities held-to-maturity amounted to $55,221,000 and $72,982,000 for municipal securities and $44,739,000 and $48,611,000 for mortgage-backed securities as of September 30, 2019 and December 31, 2018, respectively. As of September 30, 2019 and December 31, 2018, the Banks had securities with a carrying value of $288,305,000 and $291,404,000, respectively, which were pledged to secure public and trust deposits, securities sold under agreements to repurchase, and for other purposes required or permitted by law. The Company has no direct exposure to the State of Illinois, but approximately 56% of the obligations of local municipalities portfolio consists of securities issued by municipalities located in Illinois as of September 30, 2019. Approximately 91% of such securities were general obligation issues as of September 30, 2019. The amortized cost and fair value of securities available-for-sale and the carrying value and fair value of securities held-to-maturity, as of September 30, 2019, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Available-for-Sale Held-to-Maturity Amortized Fair Value Carrying Fair Value (dollars in thousands) Due in 1 year or less $ 55,909 $ 55,967 $ 146 $ 147 Due after 1 year through 5 years 112,593 114,296 25,160 25,684 Due after 5 years through 10 years 89,863 92,422 26,209 26,941 Due after 10 years 7,528 7,718 3,667 3,834 Mortgage-backed: Agency residential 215,303 218,246 20,336 20,354 Agency commercial 127,550 129,449 24,343 25,418 Private-label 22 22 — — Total $ 608,768 $ 618,120 $ 99,861 $ 102,378 Sales of securities available-for-sale were as follows during the three and nine months ended September 30: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Proceeds from sales $ — $ 15,665 $ — $ 15,665 Gross realized gains — 280 — 280 Gross realized losses — (18) — (18) Gains (losses) on securities were as follows during the three and nine months ended September 30: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Net realized gains on sales $ — $ 262 $ — $ 262 Net unrealized gains (losses) on equities: Readily determinable fair value 55 (82) 170 (112) No readily determinable fair value (128) — (128) — Gains (losses) on securities $ (73) $ 180 $ 42 $ 150 The following tables present gross unrealized losses and fair value of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of September 30, 2019 and December 31, 2018: Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total September 30, 2019 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ — $ — $ (6) $ 1,991 $ (6) $ 1,991 Municipal (7) 4,480 (3) 1,111 (10) 5,591 Mortgage-backed: Agency residential (21) 17,348 (218) 31,241 (239) 48,589 Agency commercial — — (185) 16,678 (185) 16,678 Corporate (5) 14,990 (2) 4,995 (7) 19,985 Total $ (33) $ 36,818 $ (414) $ 56,016 $ (447) $ 92,834 Held-to-maturity: Mortgage-backed: Agency residential $ (16) $ 3,225 $ (129) $ 9,760 $ (145) $ 12,985 Agency commercial (11) 2,226 (7) 622 (18) 2,848 Total $ (27) $ 5,451 $ (136) $ 10,382 $ (163) $ 15,833 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2018 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ (302) $ 19,079 $ (59) $ 7,938 $ (361) $ 27,017 Municipal (230) 31,034 (1,038) 59,702 (1,268) 90,736 Mortgage-backed: Agency residential (299) 40,864 (2,089) 99,967 (2,388) 140,831 Agency commercial (262) 35,462 (1,820) 81,899 (2,082) 117,361 Corporate (263) 20,734 (492) 39,054 (755) 59,788 Total $ (1,356) $ 147,173 $ (5,498) $ 288,560 $ (6,854) $ 435,733 Held-to-maturity: Municipal $ (32) $ 4,166 $ (10) $ 1,856 $ (42) $ 6,022 Mortgage-backed: Agency residential (59) 4,046 (939) 17,564 (998) 21,610 Agency commercial (67) 8,910 (428) 10,413 (495) 19,323 Total $ (158) $ 17,122 $ (1,377) $ 29,833 $ (1,535) $ 46,955 As of September 30, 2019, there were 74 securities in an unrealized loss position for a period of twelve months or more, and 36 securities in an unrealized loss position for a period of less than twelve months. These unrealized losses are primarily a result of fluctuations in interest rates in the bond market. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and industry analysts’ reports. Management believes that all declines in value of these securities are deemed to be temporary.

LOANS AND THE ALLOWANCE FOR LOA

LOANS AND THE ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2019
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
LOANS AND THE ALLOWANCE FOR LOAN LOSSES	NOTE 4 – LOANS AND THE ALLOWANCE FOR LOAN LOSSES Major categories of loans as of September 30, 2019 and December 31, 2018 are summarized as follows: September 30, December 31, 2019 2018 (dollars in thousands) Commercial and industrial $ 340,650 $ 360,501 Agricultural and farmland 205,041 209,875 Commercial real estate - owner occupied 239,805 255,074 Commercial real estate - non-owner occupied 552,262 533,910 Multi-family 191,646 135,925 Construction and land development 210,939 237,275 One-to-four family residential 321,947 313,108 Municipal, consumer, and other 108,724 98,589 Total loans, before allowance for loan losses 2,171,014 2,144,257 Allowance for loan losses (22,761) (20,509) Loans, net of allowance for loan losses $ 2,148,253 $ 2,123,748 The following tables detail activity in the allowance for loan losses for the three and nine months ended September 30, 2019 and 2018: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Three Months Ended September 30, 2019 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, June 30, 2019 $ 5,187 $ 2,862 $ 2,487 $ 2,721 $ 1,153 $ 3,723 $ 3,569 $ 840 $ 22,542 Provision for loan losses (915) (133) (482) 521 (182) (601) (692) 3,168 684 Charge-offs (32) — (216) (111) (41) — (387) (150) (937) Recoveries 313 — 26 5 — 1 42 85 472 Balance, September 30, 2019 $ 4,553 $ 2,729 $ 1,815 $ 3,136 $ 930 $ 3,123 $ 2,532 $ 3,943 $ 22,761 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Three Months Ended September 30, 2018 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, June 30, 2018 $ 4,927 $ 2,375 $ 1,616 $ 2,930 $ 920 $ 3,345 $ 3,062 $ 1,170 $ 20,345 Provision for loan losses 220 319 47 (36) (13) 365 213 123 1,238 Charge-offs (43) — (44) — — — (439) (136) (662) Recoveries 30 — 45 5 — 2 109 59 250 Balance, September 30, 2018 $ 5,134 $ 2,694 $ 1,664 $ 2,899 $ 907 $ 3,712 $ 2,945 $ 1,216 $ 21,171 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Nine Months Ended September 30, 2019 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, December 31, 2018 $ 3,748 $ 2,650 $ 2,506 $ 2,644 $ 912 $ 4,176 $ 2,782 $ 1,091 $ 20,509 Provision for loan losses 700 109 (356) 588 59 (1,478) 541 3,103 3,266 Charge-offs (315) (30) (382) (111) (41) (9) (1,026) (522) (2,436) Recoveries 420 — 47 15 — 434 235 271 1,422 Balance, September 30, 2019 $ 4,553 $ 2,729 $ 1,815 $ 3,136 $ 930 $ 3,123 $ 2,532 $ 3,943 $ 22,761 Commercial Commercial Commercial Agricultural Real Estate Real Estate Consumer and and Owner Non-owner Construction Residential and Nine Months Ended September 30, 2018 Industrial Farmland Occupied Occupied Multi ‑ Family and Land Real Estate Other Total Allowance for loan losses: (dollars in thousands) Balance, December 31, 2017 $ 5,411 $ 2,385 $ 1,510 $ 2,476 $ 997 $ 2,981 $ 2,723 $ 1,282 $ 19,765 Provision for loan losses (213) 309 149 356 (90) 528 553 199 1,791 Charge-offs (178) — (46) (69) — (53) (727) (459) (1,532) Recoveries 114 — 51 136 — 256 396 194 1,147 Balance, September 30, 2018 $ 5,134 $ 2,694 $ 1,664 $ 2,899 $ 907 $ 3,712 $ 2,945 $ 1,216 $ 21,171 The following tables present the recorded investments in loans and the allowance for loan losses by category as of September 30, 2019 and December 31, 2018: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and September 30, 2019 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 328,063 $ 188,068 $ 218,223 $ 529,096 $ 188,715 $ 204,553 $ 298,978 $ 94,654 $ 2,050,350 Individually evaluated for impairment 10,163 15,860 12,441 3,835 1,334 2,694 11,810 13,970 72,107 Acquired with deteriorated credit quality 2,424 1,113 9,141 19,331 1,597 3,692 11,159 100 48,557 Total $ 340,650 $ 205,041 $ 239,805 $ 552,262 $ 191,646 $ 210,939 $ 321,947 $ 108,724 $ 2,171,014 Allowance for loan losses: Collectively evaluated for impairment $ 2,044 $ 2,503 $ 1,431 $ 2,761 $ 921 $ 1,697 $ 1,560 $ 860 $ 13,777 Individually evaluated for impairment 2,509 73 323 71 — 1,262 853 3,082 8,173 Acquired with deteriorated credit quality — 153 61 304 9 164 119 1 811 Total $ 4,553 $ 2,729 $ 1,815 $ 3,136 $ 930 $ 3,123 $ 2,532 $ 3,943 $ 22,761 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and December 31, 2018 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 350,435 $ 197,414 $ 226,068 $ 504,368 $ 132,379 $ 229,626 $ 287,173 $ 98,059 $ 2,025,522 Individually evaluated for impairment 7,488 11,295 19,202 7,820 1,678 3,331 12,837 416 64,067 Acquired with deteriorated credit quality 2,578 1,166 9,804 21,722 1,868 4,318 13,098 114 54,668 Total $ 360,501 $ 209,875 $ 255,074 $ 533,910 $ 135,925 $ 237,275 $ 313,108 $ 98,589 $ 2,144,257 Allowance for loan losses: Collectively evaluated for impairment $ 2,188 $ 2,611 $ 1,423 $ 2,566 $ 640 $ 2,024 $ 1,464 $ 1,024 $ 13,940 Individually evaluated for impairment 1,554 39 1,066 73 267 1,714 1,265 67 6,045 Acquired with deteriorated credit quality 6 — 17 5 5 438 53 — 524 Total $ 3,748 $ 2,650 $ 2,506 $ 2,644 $ 912 $ 4,176 $ 2,782 $ 1,091 $ 20,509 The following tables present loans individually evaluated for impairment by category of loans as of September 30, 2019 and December 31, 2018: Unpaid Average Interest Principal Recorded Related Recorded Income September 30, 2019 Balance Investment Allowance Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 4,902 $ 4,902 $ 2,509 $ 5,081 $ 115 Agricultural and farmland 490 490 73 404 12 Commercial real estate - owner occupied 1,953 1,953 323 1,998 90 Commercial real estate - non-owner occupied 101 100 71 102 5 Multi-family — — — — — Construction and land development 2,591 2,590 1,262 2,842 131 One-to-four family residential 2,095 2,087 853 2,091 65 Municipal, consumer, and other 9,202 9,175 3,082 9,202 103 Total $ 21,334 $ 21,297 $ 8,173 $ 21,720 $ 521 With no related allowance: Commercial and industrial $ 5,258 $ 5,261 $ — $ 5,681 $ 150 Agricultural and farmland 15,369 15,370 — 15,889 352 Commercial real estate - owner occupied 10,479 10,488 — 10,640 360 Commercial real estate - non-owner occupied 3,730 3,735 — 4,000 111 Multi-family 1,337 1,334 — 1,349 9 Construction and land development 105 104 — 107 3 One-to-four family residential 9,751 9,723 — 10,107 194 Municipal, consumer, and other 4,809 4,795 — 4,871 71 Total $ 50,838 $ 50,810 $ — $ 52,644 $ 1,250 Total: Commercial and industrial $ 10,160 $ 10,163 $ 2,509 $ 10,762 $ 265 Agricultural and farmland 15,859 15,860 73 16,293 364 Commercial real estate - owner occupied 12,432 12,441 323 12,638 450 Commercial real estate - non-owner occupied 3,831 3,835 71 4,102 116 Multi-family 1,337 1,334 — 1,349 9 Construction and land development 2,696 2,694 1,262 2,949 134 One-to-four family residential 11,846 11,810 853 12,198 259 Municipal, consumer, and other 14,011 13,970 3,082 14,073 174 Total $ 72,172 $ 72,107 $ 8,173 $ 74,364 $ 1,771 Unpaid Average Interest Principal Recorded Related Recorded Income December 31, 2018 Balance Investment Allowance Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 2,833 $ 2,833 $ 1,554 $ 4,274 $ 106 Agricultural and farmland 406 406 39 566 16 Commercial real estate - owner occupied 2,323 2,322 1,066 3,574 67 Commercial real estate - non-owner occupied 103 103 73 640 7 Multi-family 1,362 1,362 267 1,472 66 Construction and land development 3,136 3,135 1,714 2,593 161 One-to-four family residential 3,022 3,008 1,265 3,377 82 Municipal, consumer, and other 230 231 67 302 5 Total $ 13,415 $ 13,400 $ 6,045 $ 16,798 $ 510 With no related allowance: Commercial and industrial $ 4,651 $ 4,655 $ — $ 5,093 $ 59 Agricultural and farmland 10,888 10,889 — 8,815 526 Commercial real estate - owner occupied 16,891 16,880 — 12,217 384 Commercial real estate - non-owner occupied 7,715 7,717 — 7,110 147 Multi-family 316 316 — 355 17 Construction and land development 198 196 — 528 3 One-to-four family residential 9,874 9,829 — 10,706 168 Municipal, consumer, and other 184 185 — 297 5 Total $ 50,717 $ 50,667 $ — $ 45,121 $ 1,309 Total: Commercial and industrial $ 7,484 $ 7,488 $ 1,554 $ 9,367 $ 165 Agricultural and farmland 11,294 11,295 39 9,381 542 Commercial real estate - owner occupied 19,214 19,202 1,066 15,791 451 Commercial real estate - non-owner occupied 7,818 7,820 73 7,750 154 Multi-family 1,678 1,678 267 1,827 83 Construction and land development 3,334 3,331 1,714 3,121 164 One-to-four family residential 12,896 12,837 1,265 14,083 250 Municipal, consumer, and other 414 416 67 599 10 Total $ 64,132 $ 64,067 $ 6,045 $ 61,919 $ 1,819 The following tables present the recorded investment in loans by category based on current payment and accrual status as of September 30, 2019 and December 31, 2018: Accruing Interest 30 - 89 Days 90+ Days Total September 30, 2019 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 334,983 $ 811 $ 29 $ 4,827 $ 340,650 Agricultural and farmland 198,506 370 — 6,165 205,041 Commercial real estate - owner occupied 235,322 3,118 184 1,181 239,805 Commercial real estate - non-owner occupied 551,393 225 66 578 552,262 Multi-family 190,157 — 155 1,334 191,646 Construction and land development 210,746 140 — 53 210,939 One-to-four family residential 314,807 2,145 357 4,638 321,947 Municipal, consumer, and other 108,256 267 — 201 108,724 Total loans $ 2,144,170 $ 7,076 $ 791 $ 18,977 $ 2,171,014 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2018 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 356,481 $ 122 $ 1,747 $ 2,151 $ 360,501 Agricultural and farmland 207,791 108 — 1,976 209,875 Commercial real estate - owner occupied 249,698 538 184 4,654 255,074 Commercial real estate - non-owner occupied 532,241 1,058 — 611 533,910 Multi-family 134,368 1,361 196 — 135,925 Construction and land development 236,798 82 — 395 237,275 One-to-four family residential 304,439 2,154 600 5,915 313,108 Municipal, consumer, and other 97,998 380 37 174 98,589 Total loans $ 2,119,814 $ 5,803 $ 2,764 $ 15,876 $ 2,144,257 The following tables present total loans by category based on their assigned risk ratings determined by management as of September 30, 2019 and December 31, 2018: September 30, 2019 Pass Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 306,285 $ 22,524 $ 11,841 $ — $ 340,650 Agricultural and farmland 178,777 9,577 16,687 — 205,041 Commercial real estate - owner occupied 206,456 21,122 12,227 — 239,805 Commercial real estate - non-owner occupied 503,137 46,735 2,390 — 552,262 Multi-family 188,392 1,765 1,489 — 191,646 Construction and land development 202,554 5,233 3,152 — 210,939 One-to-four family residential 294,322 14,072 13,553 — 321,947 Municipal, consumer, and other 94,336 417 13,971 — 108,724 Total loans $ 1,974,259 $ 121,445 $ 75,310 $ — $ 2,171,014 December 31, 2018 Pass Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 315,815 $ 35,176 $ 9,510 $ — $ 360,501 Agricultural and farmland 185,598 12,116 12,161 — 209,875 Commercial real estate - owner occupied 217,017 17,845 20,212 — 255,074 Commercial real estate - non-owner occupied 486,859 39,231 7,820 — 533,910 Multi-family 131,583 2,468 1,874 — 135,925 Construction and land development 227,775 5,663 3,837 — 237,275 One-to-four family residential 282,704 14,599 15,805 — 313,108 Municipal, consumer, and other 97,668 497 424 — 98,589 Total loans $ 1,945,019 $ 127,595 $ 71,643 $ — $ 2,144,257 The following tables present the financial effect of troubled debt restructurings for the three months ended September 30, 2019 and 2018: Charge-offs Recorded Investment and Specific Three Months Ended September 30, 2019 Number Pre-Modification Post-Modification Reserves (dollars in thousands) One-to-four family residential 1 $ 21 $ 21 — Charge-offs Recorded Investment and Specific Three Months Ended September 30, 2018 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial and industrial 1 $ 120 $ 120 $ 35 Agricultural and farmland 1 171 171 — Commercial real estate - owner occupied 2 5,173 5,189 47 One-to-four family residential 2 898 897 421 Total 6 $ 6,362 $ 6,377 $ 503 The following tables present the financial effect of troubled debt restructurings for the nine months ended September 30, 2019 and 2018: Charge-offs Recorded Investment and Specific Nine Months Ended September 30, 2019 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial and industrial 3 $ 516 $ 516 $ — Agricultural and farmland 2 392 392 — Commercial real estate - owner occupied 1 170 170 — One-to-four family residential 1 21 21 — Total 7 $ 1,099 $ 1,099 $ — Charge-offs Recorded Investment and Specific Nine Months Ended September 30, 2018 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial and industrial 2 $ 296 $ 296 $ 157 Agricultural and farmland 1 171 171 — Commercial real estate - owner occupied 2 5,173 5,189 47 One-to-four family residential 4 1,230 1,255 480 Total 9 $ 6,870 $ 6,911 $ 684 During the three and nine months ended September 30, 2019 and 2018, all troubled debt restructurings were the result of a payment concession. Of the troubled debt restructurings entered into during the last 12 months, there were none which had subsequent payment defaults during the three and nine months ended September 30, 2019 and 2018, respectively. For purposes of this disclosure, the Company considers “default” to mean 90 days or more past due as to interest or principal or were on nonaccrual status subsequent to restructuring. As of September 30, 2019 and December 31, 2018, the Company had $9,919,000 and $13,362,000 of troubled debt restructurings, respectively. Restructured loans are evaluated for impairment quarterly as part of the Company’s determination of the allowance for loan losses. There were no material commitments to lend additional funds to debtors owing receivables whose terms have been modified in troubled debt restructurings. Changes in the accretable yield for loans acquired with deteriorated credit quality were as follows for the three and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 1,633 $ 1,474 $ 2,101 $ 2,723 Reclassification from non-accretable difference 129 179 536 608 Accretion income (231) (691) (1,106) (2,369) Ending balance $ 1,531 $ 962 $ 1,531 $ 962

LOAN SERVICING

LOAN SERVICING	9 Months Ended
	Sep. 30, 2019
LOAN SERVICING
LOAN SERVICING	NOTE 5 – LOAN SERVICING Mortgage loans serviced for others, not included in the accompanying consolidated balance sheets, amounted to $1,164,738,000 and $1,229,953,000 as of September 30, 2019 and December 31, 2018, respectively. Activity in mortgage servicing rights is as follows for the three and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 8,796 $ 10,656 $ 10,918 $ 10,289 Capitalized servicing rights 344 259 720 687 Fair value adjustment (1,204) (352) (3,702) (413) Ending balance $ 7,936 $ 10,563 $ 7,936 $ 10,563

FORECLOSED ASSETS

FORECLOSED ASSETS	9 Months Ended
	Sep. 30, 2019
FORECLOSED ASSETS
FORECLOSED ASSETS	NOTE 6 – FORECLOSED ASSETS Foreclosed assets activity is as follows for the three and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 9,707 $ 11,916 $ 9,559 $ 16,545 Transfers from loans 27 — 1,788 1,889 Capitalized improvements 41 — 41 — Proceeds from sales (3,173) (1,545) (4,142) (6,092) Sales through loan origination — — (360) (1,174) Net gain (loss) on sales 135 39 240 (281) Direct write-downs (163) (234) (552) (711) Ending balance $ 6,574 $ 10,176 $ 6,574 $ 10,176 Gains (losses) on foreclosed assets shown on the consolidated statements of income include net gains (losses) on sales, direct write-downs, gains on foreclosure, and guarantee reimbursements. During the nine months ended September 30, 2019, gains (losses) on foreclosed assets also include a gain on settlement of $375,000. There were no gains on settlement recognized in gains (losses) on foreclosed assets during for the three months ended September 30, 2019 and 2018 or the nine months ended September 30, 2018. The carrying value of foreclosed one-to-four family residential real estate property as of September 30, 2019 and December 31, 2018, was $2,268,000 and $2,558,000, respectively. As of September 30, 2019, there were 16 one-to-four family residential real estate loans in the process of foreclosure totaling approximately $725,000. As of December 31, 2018, there were 14 residential real estate loans in the process of foreclosure totaling approximately $1,097,000.

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2019
DEPOSITS
DEPOSITS	NOTE 7 – DEPOSITS The Company’s interest-bearing deposits are summarized below as of September 30, 2019 and December 31, 2018: September 30, 2019 December 31, 2018 (dollars in thousands) Interest-bearing demand $ 800,471 $ 856,919 Money market 463,444 427,730 Savings 426,707 421,698 Time 364,120 424,747 Total interest-bearing deposits $ 2,054,742 $ 2,131,094 Money market deposits include $16,315,000 and $20,512,000 of reciprocal transaction deposits as of September 30, 2019 and December 31, 2018, respectively. Time deposits include $3,534,000 and $4,895,000 of reciprocal time deposits as of September 30, 2019 and December 31, 2018, respectively. The aggregate amounts of time deposits in denominations of $250,000 or more amounted to $32,075,000 and $36,875,000 as of September 30, 2019 and December 31, 2018, respectively. The aggregate amounts of time deposits in denominations of $100,000 or more amounted to $124,850,000 and $153,717,000 as of September 30, 2019 and December 31, 2018, respectively. The components of interest expense on deposits for the three and nine months ended September 30, 2019 and 2018 are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Interest-bearing demand $ 347 $ 377 $ 1,175 $ 964 Money market 497 165 1,356 491 Savings 70 70 207 213 Time 1,086 1,007 3,356 2,547 Total interest expense on deposits $ 2,000 $ 1,619 $ 6,094 $ 4,215

BORROWINGS

BORROWINGS	9 Months Ended
	Sep. 30, 2019
BORROWINGS
BORROWINGS	NOTE 8 – BORROWINGS There were no Federal Home Loan Bank of Chicago (FHLB) borrowings outstanding as of September 30, 2019 and December 31, 2018. Available borrowings from the FHLB are secured by FHLB stock held by the Company and pledged security in the form of qualifying loans. The total amount of loans pledged as of September 30, 2019 and December 31, 2018 was $528,250,000 and $538,537,000, respectively. As of September 30, 2019 and December 31, 2018, loans pledged also served as collateral for credit exposure of approximately $355,000 associated with the Banks’ participation in the FHLB’s Mortgage Partnership Finance Program. The Banks also have available a line of credit from the FHLB with available borrowings based on the collateral pledged. There was no outstanding balance under the line of credit as of September 30, 2019 and December 31, 2018. The line, when drawn upon, is due on demand and bears interest at a variable rate. Lincoln Bank also has available a line of credit from the Federal Reserve Bank of Chicago (FRB) with available borrowings based on the collateral pledged. As of September 30, 2019 and December 31, 2018, the carrying value of securities pledged amounted to $520,000 and $490,000, respectively. There was no outstanding balance under the line of credit as of September 30, 2019 and December 31, 2018. The line, when drawn upon, is due on demand and bears interest at a variable rate.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	9 Months Ended
	Sep. 30, 2019
SUBORDINATED DEBENTURES
SUBORDINATED DEBENTURES	NOTE 9 – SUBORDINATED DEBENTURES Five subsidiary business trusts of the Company have issued floating rate capital securities (“capital securities”) which are guaranteed by the Company. The Company owns all of the outstanding stock of the five subsidiary business trusts. The trusts used the proceeds from the issuance of their capital securities to buy floating rate junior subordinated deferrable interest debentures (“debentures”) issued by the Company. These debentures are the only assets of the trusts and the interest payments from the debentures finance the distributions paid on the capital securities. The debentures are unsecured and rank junior and subordinate in the right of payment to all senior debt of the Company. The trusts are not consolidated in the Company’s financial statements. The carrying value of subordinated debentures are summarized as follows: September 30, 2019 December 31, 2018 (dollars in thousands) Heartland Bancorp, Inc. Capital Trust B $ 10,310 $ 10,310 Heartland Bancorp, Inc. Capital Trust C 10,310 10,310 Heartland Bancorp, Inc. Capital Trust D 5,155 5,155 FFBI Capital Trust I 7,217 7,217 National Bancorp Statutory Trust I 4,574 4,525 Total $ 37,566 $ 37,517 The National Bancorp Statutory Trust I debenture was assumed through a business combination and has a contractual obligation of $5,773,000. The interest rates on the subordinated debentures are variable, reset quarterly, and are equal to the three-month LIBOR, as determined on the LIBOR Determination Date immediately preceding each Distribution Payment Date specific to each subordinated debenture, plus a fixed percentage. The interest rates and maturities of the subordinated debentures are summarized as follows: Interest Rate at Variable September 30, December 31, Maturity Interest Rate 2019 2018 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 5.05 % 5.19 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 % 3.65 % 4.32 % June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 % 3.47 % 4.14 % September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 % 5.10 % 5.24 % April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 % 5.02 % 5.69 % December 31, 2037 The distribution rate payable on the debentures is cumulative and payable quarterly in arrears. The Company has the right, subject to events in default, to defer payments of interest on the debentures at any time by extending the interest payment period for a period not exceeding 10 quarterly periods with respect to each deferral period, provided that no extension period may extend beyond the redemption or maturity date of the debentures. The capital securities are subject to mandatory redemption upon payment of the debentures and carry an interest rate identical to that of the related debenture. The debentures maturity dates may be shortened if certain conditions are met, or at any time within 90 days following the occurrence and continuation of certain changes in either tax treatment or the capital treatment of the debentures or the capital securities. If the debentures are redeemed before they mature, the redemption price will be the principal amount plus any accrued but unpaid interest. The Company has the right to terminate each Capital Trust and cause the debentures to be distributed to the holders of the capital securities in liquidation of such trusts. Under current banking regulations, bank holding companies are allowed to include qualifying trust preferred securities in their Tier 1 Capital for regulatory capital purposes, subject to a 25% limitation to all core (Tier 1) capital elements, net of goodwill and other intangible assets less any associated deferred tax liability. As of September 30, 2019 and December 31, 2018, 100% of the trust preferred securities qualified as Tier 1 capital under the final rule adopted in March 2005.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2019
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 10 – DERIVATIVE FINANCIAL INSTRUMENTS Derivative financial instruments are negotiated contracts entered into by two issuing counterparties containing specific agreement terms, including the underlying instrument, amount, exercise price, and maturities. The Company is exposed to certain risks relating to its ongoing business operations. The primary risk managed by using derivative financial instruments is interest rate risk. Interest rate swaps are entered into to manage interest rate risk associated with the Company’s variable-rate borrowings and variable-rate loans. The derivatives and hedge accounting guidance requires that the Company recognize all derivative financial instruments as either assets or liabilities at fair value in the consolidated balance sheets. In accordance with this guidance, the Company designated certain interest rate swaps on variable-rate borrowings and variable-rate loans as cash flow hedges. The gain or loss on interest rate swaps designated as cash flow hedging instruments are reported as a component of accumulated other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transactions affect earnings. During 2018 and the three months ended March 31, 2019, the Company had an interest rate swap contract with a notional amount of $10,000,000 designated as a cash flow hedge on variable-rate loans. Beginning April 1, 2019, this hedging relationship was no longer considered highly effective, and the Company discontinued hedge accounting. In accordance with hedge accounting guidance, the net unrealized gain associated with the discontinued hedging relationship, recorded within accumulated other comprehensive income, will be reclassified into earnings on a level yield basis through April 7, 2020, the period the hedged forecasted transactions affect earnings. On June 25, 2019, the Company cancelled the interest rate swap agreement and received $174,000 to settle the financial instrument. As of September 30, 2019, the remaining unrealized gain recognized as a component of accumulated other comprehensive income was $76,000. As of September 30, 2019, the Company also had interest rate swap contracts with a total notional amount of $17,000,000 designated as a cash flow hedge on variable-rate borrowings. As of September 30, 2019, these interest rate swap contracts had contractual maturities between 2024 and 2025. As of September 30, 2019, the Company had cash pledged of $960,000, held on deposit at counterparties. The Company also entered into interest rate swap contracts with several borrowers on variable-rate loans, on which the Company has offsetting interest rate swap contracts. These interest rate swap contracts with borrowers have a total notional value of $117,660,000 and $112,947,000 as of September 30, 2019 and December 31, 2018, respectively, and the offsetting interest rate swap contracts entered into by the Company have a total notional value of $117,660,000 and $112,947,000 as of September 30, 2019 and December 31, 2018, respectively. As of September 30, 2019, the interest rate swap contracts with borrowers on variable-rate loans had contractual maturities between 2022 and 2042. As of September 30, 2019 and December 31, 2018, the Company had $12,758,000 and $589,000, respectively, of securities pledged and held in safekeeping at the counterparty. While these interest rate swap derivatives generally worked together as an economic interest rate hedge, the Company did not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability were recorded as either a charge or credit to current earnings during the period in which the changes occurred. As of September 30, 2019 and December 31, 2018, the fair values of the Company’s derivative instrument assets and liabilities related to interest rate swap contracts are summarized as follows: September 30, 2019 December 31, 2018 Designated as cash flow hedges: (dollars in thousands) Fair value recorded in other assets $ — $ 151 Fair value recorded in other liabilities (898) — Total $ (898) $ 151 Not designated as hedging instruments: Fair value recorded in other assets $ 11,766 $ 3,074 Fair value recorded in other liabilities (11,766) (3,074) Total $ — $ — For the three and nine months ended September 30, 2019 and 2018, the effect of interest rate contracts designated as cash flow hedges on the consolidated statements of income are summarized as follows:. Location of gross gain (loss) reclassified from accumulated other Amounts of gross gain (loss) reclassified from comprehensive income to income accumulated other comprehensive income Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Designated as cash flow hedges: (dollars in thousands) Taxable loan interest income $ 33 $ 39 $ 83 $ 137 Subordinated debentures interest expense (9) — (7) — Total $ 24 $ 39 $ 76 $ 137 For the three and nine months ended September 30, 2019 and 2018, the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income on the consolidated statements of income are summarized as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 4,151 $ 136 $ 10,196 $ 1,459 Gross losses (4,151) (136) (10,159) (1,459) Net gains (losses) $ — $ — $ 37 $ —

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE 11 – ACCUMULATED OTHER COMPREHENSIVE INCOME The following table presents the activity and accumulated balances for components of other comprehensive income (loss) for the three and nine months ended September 30, 2019 and 2018: Unrealized Gains (Losses) on Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Three Months Ended September 30, 2019 Balance, June 30, 2019 $ 8,063 $ (37) $ (590) $ 7,436 Other comprehensive income (loss) before reclassifications 1,289 — (208) 1,081 Reclassifications — (62) (24) (86) Other comprehensive income (loss) 1,289 (62) (232) 995 Balance, September 30, 2019 $ 9,352 $ (99) $ (822) $ 8,431 Three Months Ended September 30, 2018 Balance, June 30, 2018 $ (10,672) $ 316 $ 206 $ (10,150) Other comprehensive loss before reclassifications (3,196) — (13) (3,209) Reclassifications (262) (99) (39) (400) Other comprehensive loss (3,458) (99) (52) (3,609) Balance, September 30, 2018 $ (14,130) $ 217 $ 154 $ (13,759) Nine Months Ended September 30, 2019 Balance, December 31, 2018 $ (4,561) $ 122 $ 151 $ (4,288) Other comprehensive income (loss) before reclassifications 13,913 — (897) 13,016 Reclassifications — (221) (76) (297) Other comprehensive income (loss) 13,913 (221) (973) 12,719 Balance, September 30, 2019 $ 9,352 $ (99) $ (822) $ 8,431 Nine Months Ended September 30, 2018 Balance, December 31, 2017 $ (1,288) $ 504 $ 409 $ (375) Adoption of ASU 2016-01 (122) — — (122) Other comprehensive income (loss) before reclassifications (12,458) — (118) (12,576) Reclassifications (262) (287) (137) (686) Other comprehensive loss (12,720) (287) (255) (13,262) Balance, September 30, 2018 $ (14,130) $ 217 $ 154 $ (13,759) The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains (losses) on securities available-for-sale are included in gain (loss) on securities in the accompanying consolidated statements of income. The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains on securities held-to-maturity are included in securities interest income in the accompanying consolidated statements of income. The amounts reclassified from accumulated other comprehensive income (loss) for the fair value of derivative instruments represent net interest payments received or made on derivatives designated as cash flow hedges. See Note 10 for additional information.

DEFERRED COMPENSATION

DEFERRED COMPENSATION	9 Months Ended
	Sep. 30, 2019
DEFERRED COMPENSATION
DEFERRED COMPENSATION	NOTE 12 – DEFERRED COMPENSATION The Company maintained a supplemental executive retirement plan (the SERP) for certain key executive officers. The SERP benefit payments were scheduled to be paid in equal monthly installments over 30 years. In June 2019, the Company approved termination of the SERP agreements, and each participant will receive a lump sum payment equal to the present value of any remaining installment payments, payable in June 2020. As of September 30, 2019 and December 31, 2018, the deferred compensation liability for the SERP was $13,201,000 and $9,179,000, respectively. During the three months ended September 30, 2019 and 2018, the Company recognized deferred compensation expense for the SERP of $968,000 and $126,000, respectively. During the nine months ended September 30, 2019 and 2018, the Company recognized deferred compensation expense for the SERP of $4,533,000 and $379,000, respectively.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	9 Months Ended
	Sep. 30, 2019
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS	NOTE 13 – STOCK-BASED COMPENSATION PLANS The Company sponsored a Stock Appreciation Rights Plan (the SAR Plan) which, as of September 30, 2019 authorized the issuance of performance shares (units) to certain key employees and directors as approved by the Board of Directors. Upon issuance, each unit was assigned a value equal to the price per share of the Company’s stock as determined by an independent appraisal subject to approval by the Board of Directors. The units were revalued each year thereafter based on an independent appraisal. As of December 31, 2018, all outstanding units were fully vested and were subsequently exercised during 2019. In June 2019, the Company adopted, subject to stockholder approval, the HBT Financial, Inc. Omnibus Incentive Plan (the “Omnibus Incentive Plan”). The stockholders approved the Omnibus Incentive Plan on October 9, 2019. The Omnibus Incentive Plan provides for grants of (i) stock options, (ii) stock appreciation rights, (iii) restricted shares, (iv) performance awards, (v) other share-based awards and (vi) other cash-based awards to eligible employees, non-employee directors and consultants of the Company. The maximum number of shares of common stock available for issuance under the Omnibus Incentive Plan is 1,820,000 shares. On September 1, 2019, the Company granted 110,160 units to certain key employees, at a grant date assigned value of $25.75 per unit. Of the units granted on September 1, 2019, 79,560 units were fully vested on the grant date and 30,600 units vest ratably over a 4-year period. Units are classified as liabilities. As of September 30, 2019 there was no liability recorded for the outstanding units. As of December 31, 2018, the liability recorded for the outstanding units was $1,884,000. During the three months ended September 30, 2019 and 2018, the Company recognized $64,000 and $482,000 as compensation expense, respectively. During the nine months ended September 30, 2019 and 2018, the Company recognized $(51,000) and $540,000 as compensation expense, respectively. As of September 30, 2019 and December 31, 2018, there was no unrecognized compensation cost related to non-vested stock-based compensation agreements. As of September 30, 2019, the liability recorded for previously exercised units was $1,674,000, which will be paid in five equal annual installments beginning in 2019 or 2020. As of December 31, 2018, the liability recorded for previously exercised units was $176,000 and was paid in 2019. Subsequent to September 30, 2019, in conjunction with the initial public offering, the grant date assigned value of all outstanding units with a grant date assigned value of $25.75 was adjusted to $16.32, reflecting a decrease per unit equal to the $9.43 per share special dividend paid to shareholders of record prior to the initial public offering. A summary of the status of awards as of September 30, 2019 and December 31, 2018, and changes during the three and nine months ended September 30, 2019 and 2018, is as follows: Three Months Ended September 30, 2019 Units Weighted Average Outstanding, June 30, 2019 42,840 $ 7.46 Granted 110,160 25.75 Exercised (42,840) 7.46 Forfeited — — Outstanding, September 30, 2019 110,160 $ 25.75 Three Months Ended September 30, 2018 Outstanding, June 30, 2018 91,800 $ 5.73 Granted — — Exercised — — Forfeited — — Outstanding, September 30, 2018 91,800 $ 5.73 Nine Months Ended September 30, 2019 Outstanding, December 31, 2018 91,800 $ 5.73 Granted 110,160 25.75 Exercised (91,800) 5.73 Forfeited — — Outstanding, September 30, 2019 110,160 $ 25.75 Nine Months Ended September 30, 2018 Outstanding, December 31, 2017 116,280 $ 5.66 Granted — — Exercised (24,480) 5.43 Forfeited — — Outstanding, September 30, 2018 91,800 $ 5.73 Exercisable, September 30, 2019 79,560 $ 25.75 Exercisable, December 31, 2018 91,800 $ 5.73 A further summary of awards outstanding as of September 30, 2019, is as follows: Units Units Range of Grant Date Assigned Values Outstanding Exercisable $ 25.75 110,160 79,560

REGULATORY MATTERS

REGULATORY MATTERS	9 Months Ended
	Sep. 30, 2019
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 14 – REGULATORY MATTERS The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. As allowed under the new regulations, the Banks and Company elected to exclude accumulated other comprehensive income, including unrealized gains and losses on securities, in the computation of regulatory capital. The ability of the Company to pay dividends to its stockholders is dependent upon the ability of the Banks to pay dividends to the Company. The Banks are subject to certain statutory and regulatory restrictions on the amount it may pay in dividends. Under the Basel III regulations, a capital conservation buffer calculation will phase in over five years which limits allowable bank dividends if regulatory capital ratios fall below specific thresholds. As of September 30, 2019 and December 31, 2018, the capital conservation buffer was 2.5% and 1.875%, respectively. HBT Financial, Inc. (on a consolidated basis) and the Banks are each subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by the regulators that, if undertaken, could have a direct material effect on the financial statements of HBT Financial, Inc. and the Banks. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, HBT Financial, Inc. and the Banks must meet specific capital guidelines that involve quantitative measures of the assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Management believes, as of September 30, 2019 and December 31, 2018, that HBT Financial, Inc. and the Banks each met all capital adequacy requirements to which they are subject. The actual and required capital amounts and ratios of HBT Financial, Inc. (consolidated) and the Banks are as follows: Actual For Capital To Be Well September 30, 2019 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 371,681 % $ 199,798 8.00 % N/A N/A Heartland Bank $ 329,689 % $ 184,457 8.00 % $ 230,572 10.00 % Lincoln Bank $ 37,349 % $ 15,031 8.00 % $ 18,789 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 348,920 % $ 149,848 6.00 % N/A N/A Heartland Bank $ 309,145 % $ 138,343 6.00 % $ 184,457 8.00 % Lincoln Bank $ 35,132 % $ 11,274 6.00 % $ 15,031 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 312,519 % $ 112,386 4.50 % N/A N/A Heartland Bank $ 309,145 % $ 103,757 4.50 % $ 149,871 6.50 % Lincoln Bank $ 35,132 % $ 8,455 4.50 % $ 12,213 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 348,920 % $ 126,601 4.00 % N/A N/A Heartland Bank $ 309,145 % $ 112,366 4.00 % $ 140,458 5.00 % Lincoln Bank $ 35,132 % $ 14,104 4.00 % $ 17,631 5.00 % Actual For Capital To Be Well December 31, 2018 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 372,472 % $ 198,730 8.00 % N/A N/A Heartland Bank $ 332,391 % $ 184,127 8.00 % $ 230,159 10.00 % Lincoln Bank $ 38,059 % $ 14,488 8.00 % $ 18,110 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 351,963 % $ 149,047 6.00 % N/A N/A Heartland Bank $ 313,406 % $ 138,095 6.00 % $ 184,127 8.00 % Lincoln Bank $ 36,535 % $ 10,866 6.00 % $ 14,488 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 315,611 % $ 111,785 4.50 % N/A N/A Heartland Bank $ 313,406 % $ 103,572 4.50 % $ 149,603 6.50 % Lincoln Bank $ 36,535 % $ 8,150 4.50 % $ 11,772 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 351,963 % $ 130,393 4.00 % N/A N/A Heartland Bank $ 313,406 % $ 113,668 4.00 % $ 142,085 5.00 % Lincoln Bank $ 36,535 % $ 14,319 4.00 % $ 17,899 5.00 %

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2019
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 15 – FAIR VALUE OF FINANCIAL INSTRUMENTS Recurring Basis The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Additional information on fair value measurements are summarized in Note 1 to the Company’s annual consolidated financial statements included in the prospectus filed with the SEC on October 11, 2019. There were no transfers between levels during the three and nine months ended September 30, 2019 and 2018. The Company’s policy for determining transfers between levels occurs at the end of the reporting period when circumstances in the underlying valuation criteria change and result in transfer between levels. The following tables present the balances of the assets measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018: September 30, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Securities available-for-sale: U.S. government agency $ — $ 39,574 $ — $ 39,574 Municipal — 152,499 — 152,499 Mortgage-backed: Agency residential — 218,246 — 218,246 Agency commercial — 129,449 — 129,449 Private-label — 22 — 22 Corporate — 78,330 — 78,330 Equity securities with readily determinable fair values 3,251 — — 3,251 Mortgage servicing rights — — 7,936 7,936 Derivative financial assets — 11,766 — 11,766 Derivative financial liabilities — 12,664 — 12,664 December 31, 2018 Level 1 Level 2 Level 3 Total (dollars in thousands) Securities available-for-sale: U.S. government agency $ — $ 46,866 $ — $ 46,866 Municipal — 161,450 — 161,450 Mortgage-backed: Agency residential — 234,303 — 234,303 Agency commercial — 150,081 — 150,081 Private-label — 256 — 256 Corporate — 86,570 — 86,570 Equity securities with readily determinable fair values 3,081 — — 3,081 Mortgage servicing rights — — 10,918 10,918 Derivative financial assets — 3,225 — 3,225 Derivative financial liabilities — 3,074 — 3,074 The following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy. There were no changes to the valuation techniques from December 31, 2018 to September 30, 2019. Investment Securities When available, the Company uses quoted market prices to determine the fair value of securities; such items are classified in Level 1 of the fair value hierarchy. For the Company’s securities where quoted prices are not available for identical securities in an active market, the Company determines fair value utilizing vendors who apply matrix pricing for similar bonds where no price is observable or may compile prices from various sources. These models are primarily industry-standard models that consider various assumptions, including time value, yield curve, volatility factors, prepayment speeds, default rates, loss severity, current market and contractual prices for the underlying financial instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace. Fair values from these models are verified, where possible, against quoted market prices for recent trading activity of assets with similar characteristics to the security being valued. Such methods are generally classified as Level 2. However, when prices from independent sources vary, cannot be obtained or cannot be corroborated, a security is generally classified as Level 3. The change in fair value of securities available-for-sale is recorded through an adjustment to the consolidated statement of comprehensive income. The change in fair value of equity securities with readily determinable fair values is recorded through an adjustment to the consolidated statement of income. Derivative Financial Instruments Interest rate swap agreements are carried at fair value as determined by dealer valuation models. Based on the inputs used, the derivative financial instruments subjected to recurring fair value adjustments are classified as Level 2. For derivative financial instruments designated as a hedging instruments, the change in fair value is recorded through an adjustment to the consolidated statement of comprehensive income. For derivative financial instruments not designated as a hedging instruments, the change in fair value is recorded through an adjustment to the consolidated statement of income. Mortgage Servicing Rights The Company has elected to record its mortgage servicing rights at fair value. Mortgage servicing rights do not trade in an active market with readily observable prices. Accordingly, the Company determines the fair value of mortgage servicing rights by estimating the fair value of the future cash flows associated with the mortgage loans being serviced as calculated by an independent third party. Key economic assumptions used in measuring the fair value of mortgage servicing rights include, but are not limited to, prepayment speeds and discount rates. Due to the nature of the valuation inputs, mortgage servicing rights are classified in Level 3 of the fair value hierarchy. The change in fair value is recorded through an adjustment to the consolidated statement of income. The following tables present additional information about the unobservable inputs used in the fair value measurement of the mortgage servicing rights (dollars in thousands): September 30, 2019 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 7,936 Discounted cash flows Constant pre-payment rates (CPR) 7.1% to 68.5% (14.1%) Discount rate 9.0% to 11.0% (9.0%) December 31, 2018 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 10,918 Discounted cash flows Constant pre-payment rates (CPR) 7.5% to 87.6% (8.9%) Discount rate 9.0% to 11.0% (9.0%) Nonrecurring Basis Certain assets are measured at fair value on a nonrecurring basis. These assets are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as there is evidence of impairment or a change in the amount of previously recognized impairment. The following tables present the balances of the assets measured at fair value on a nonrecurring basis as of September 30, 2019 and December 31, 2018: September 30, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 7,608 $ — $ 7,608 Collateral-dependent impaired loans — — 13,124 13,124 Bank premises held for sale — — 121 121 Foreclosed assets — — 6,574 6,574 December 31, 2018 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 2,800 $ — $ 2,800 Collateral-dependent impaired loans — — 7,355 7,355 Bank premises held for sale — — 749 749 Foreclosed assets — — 9,559 9,559 Loans Held for Sale Mortgage loans originated and held for sale are carried at the lower of cost or estimated fair value. The Company obtains quotes or bids on these loans directly from purchasing financial institutions. Typically, these quotes include a premium on the sale and thus these quotes indicate fair value of the held for sale loans is greater than cost. Collateral-dependent Impaired Loans In accordance with the provisions of the loan impairment guidance, impairment was measured for loans which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement. The fair value of collateral-dependent impaired loans is estimated based on the fair value of the underlying collateral supporting the loan. Collateral-dependent impaired loans require classification in the fair value hierarchy. Impaired loans include loans acquired with deteriorated credit quality. Collateral values are estimated using Level 3 inputs based on customized discounting criteria. Bank Premises Held for Sale Bank premises held for sale are recorded at the lower of cost or fair value, less estimated selling costs, at the date classified as held for sale. Values are estimated using Level 3 inputs based on appraisals and customized discounting criteria. The carrying value of bank premises held for sale is not re-measured to fair value on a recurring basis but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. Foreclosed Assets Foreclosed assets are recorded at fair value based on property appraisals, less estimated selling costs, at the date of the transfer. Subsequent to the transfer, foreclosed assets are carried at the lower of cost or fair value, less estimated selling costs. Values are estimated using Level 3 inputs based on appraisals and customized discounting criteria. The carrying value of foreclosed assets is not re-measured to fair value on a recurring basis but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. Collateral-Dependent Impaired Loans, Bank Premises Held for Sale, and Foreclosed Assets The estimated fair value of collateral-dependent impaired loans, bank premises held for sale, and foreclosed assets is based on the appraised fair value of the collateral, less estimated costs to sell. Collateral-dependent impaired loans, bank premises held for sale, and foreclosed assets are classified within Level 3 of the fair value hierarchy. The Company considers the appraisal or a similar evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals or a similar evaluation of the collateral underlying collateral-dependent loans and foreclosed assets are obtained at the time a loan is first considered impaired or a loan is transferred to foreclosed assets. Appraisals or a similar evaluation of bank premises held for sale are obtained when first classified as held for sale. Appraisals or similar evaluations are obtained subsequently as deemed necessary by management but at least annually on foreclosed assets and bank premises held for sale. Appraisals are reviewed for accuracy and consistency by management. Appraisals are performed by individuals selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated costs to sell. These discounts and estimates are developed by management by comparison to historical results. The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements (dollars in thousands). September 30, 2019 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 13,124 Appraisal of collateral Appraisal adjustments 20% to 40% (25%) Bank premises held for sale 121 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 6,574 Appraisal Appraisal adjustments 7% (7%) December 31, 2018 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 7,355 Appraisal of collateral Appraisal adjustments 20% to 40% (25%) Bank premises held for sale 749 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 9,559 Appraisal Appraisal adjustments 7% (7%) Other Fair Value Methods The following methods and assumptions were used by the Company in estimating fair value disclosures of its other financial instruments. There were no changes in the methods and significant assumptions used to estimate the fair value of these financial instruments. Cash and Cash Equivalents The carrying amounts of these financial instruments approximate their fair values. Interest-bearing Time Deposits with Banks The carrying values of interest-bearing time deposits with banks approximate their fair values. Restricted Stock The carrying amount of FHLB stock approximates fair value based on the redemption provisions of the FHLB. Loans The fair value estimation process for the loan portfolio uses an exit price concept and reflects discounts the Company believes are consistent with discounts in the market place. Fair values are estimated for portfolios of loans with similar characteristics. Loans are segregated by type such as commercial and industrial, agricultural and farmland, commercial real estate - owner occupied, commercial real estate - non-owner occupied, multi-family, construction and land development, one-to-four family residential, and municipal, consumer, and other. The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for similar maturities. The fair value analysis also includes other assumptions to estimate fair value, intended to approximate those a market participant would use in an orderly transaction, with adjustments for discount rates, interest rates, liquidity, and credit spreads, as appropriate. Investments in Unconsolidated Subsidiaries The fair values of the Company’s investments in unconsolidated subsidiaries are presumed to approximate carrying amounts. Time Deposits Fair values of certificates of deposit with stated maturities have been estimated using the present value of estimated future cash flows discounted at rates currently offered for similar instruments. Time deposits also include public funds time deposits. Securities Sold Under Agreements to Repurchase The fair values of repurchase agreements with variable interest rates are presumed to approximate their recorded carrying amounts. Subordinated Debentures The fair values of subordinated debentures are estimated using discounted cash flow analyses based on rates observed on recent debt issuances by other financial institutions. Accrued Interest The carrying amounts of accrued interest approximate fair value. Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair values have been estimated using data which management considered the best available and estimation methodologies deemed suitable for the pertinent category of financial instrument. The following table provides summary information on the carrying amounts and estimated fair values of the Company’s financial instruments as of September 30, 2019 and December 31, 2018: Fair Value September 30, 2019 December 31, 2018 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 154,941 $ 154,941 $ 186,879 $ 186,879 Interest-bearing time deposits with banks Level 1 248 248 248 248 Securities held-to-maturity Level 2 99,861 102,378 121,715 121,506 Restricted stock Level 3 2,425 2,425 2,719 2,719 Loans, net Level 3 2,148,253 2,185,888 2,123,748 2,125,698 Investments in unconsolidated subsidiaries Level 3 1,165 1,165 1,165 1,165 Accrued interest receivable Level 2 14,816 14,816 15,300 15,300 Financial liabilities: Time deposits Level 3 364,120 362,593 424,747 419,333 Securities sold under agreements to repurchase Level 2 32,267 32,267 46,195 46,195 Subordinated debentures Level 3 37,566 31,754 37,517 32,149 Accrued interest payable Level 2 1,172 1,172 1,207 1,207 The Company estimated the fair value of lending related commitments as described in Note 16 to be immaterial based on limited interest rate exposure due to their variable nature, short-term commitment periods and termination clauses provided in the agreements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 16 – COMMITMENTS AND CONTINGENCIES Financial Instruments The Banks are party to credit-related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Banks’ exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Banks use the same credit policies in making commitments and conditional obligations as they do for on-balance sheet instruments. Such commitments and conditional obligations were as follows as of September 30, 2019 and December 31, 2018: Contractual Amount September 30, December 31, 2019 2018 (dollars in thousands) Commitments to extend credit $ 542,620 $ 524,112 Standby letters of credit 8,666 10,358 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Banks evaluate each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, by the Banks upon extension of credit is based on management’s credit evaluation of the customer. Collateral held varies, but may include real estate, accounts receivable, inventory, property, plant, and equipment, and income-producing properties. Standby letters of credit are conditional commitments issued by the Banks to guarantee the performance of a customer to a third party. Those standby letters of credit are primarily issued to support extensions of credit. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loans to customers. The Banks secure the standby letters of credit with the same collateral used to secure the related loan. Legal Contingencies Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2019
ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements, including the notes thereto of HBT Financial, Inc. (the Company), formerly known as Heartland Bancorp, Inc. until the Company name was changed on September 13, 2019, have been prepared in accordance with generally accepted accounting principles (GAAP) interim reporting requirements. Certain information in footnote disclosure normally included in financial statements prepared in accordance with GAAP has been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission. These interim unaudited consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes included in the Company’s prospectus filed with the Securities and Exchange Commission (SEC) on October 11, 2019. The Company’s principal business activity is banking, conducted through its wholly owned subsidiaries, Heartland Bank and Trust Company (Heartland Bank) and State Bank of Lincoln (Lincoln Bank). Heartland Bank and Lincoln Bank are collectively referred to as “the Banks”. On September 13, 2019, the Company effected a twenty-for-one stock split of its issued and outstanding shares of common stock and its issued and outstanding shares of Series A nonvoting common stock. Accordingly, all share and per share amounts for all periods presented in these financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect the stock split. The unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year.
Initial Public Offering	Initial Public Offering On September 13, 2019, the Company filed a Registration Statement on Form S-1 with the SEC. The Registration Statement was declared effective by the SEC on October 10, 2019. The Company issued and sold 9,429,794 shares of common stock at a price of $16 per share pursuant to that Registration Statement. Total proceeds received by the Company, net of offering costs, were approximately $138 million. The proceeds were used to fund a $170 million special dividend, or $9.43 per share, to shareholders of record prior to the initial public offering. The Company qualifies as an "emerging growth company" as defined by the Jumpstart Our Business Startups Act (JOBS Act).
Use of Estimates	Use of Estimates The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported results of operations for the periods then ended. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses.
Income Taxes	Income Taxes Through October 10, 2019, the Company, with the consent of its stockholders, elected to be taxed under sections of federal and state income tax law as an "S Corporation" which provides that, in lieu of Company income taxes, except for state replacement and franchise taxes, the stockholders separately account for their pro rata shares of the Company’s items of income, deductions, losses and credits. As a result of this election, no income taxes, other than state replacement and franchise taxes, have been recognized in the accompanying consolidated financial statements. No provision has been made for any amounts which may be advanced or paid as dividends to the stockholders to assist them in paying their personal taxes on the income from the Company. Effective October 11, 2019, in connection with the initial public offering, the Company revoked its S Corporation status and became a taxable entity (C Corporation). As such, any periods prior to October 11, 2019 will only reflect an effective state income tax rate. In connection with the conversion of tax status, the Company recognized a deferred tax asset of approximately $0.5 million, income tax benefit of approximately $3.3 million, and a reduction in accumulated other comprehensive income of approximately $2.7 million.
Pro Forma Income Statement Information	Pro Forma Income Statement Information The pro forma C Corp equivalent income tax expense information gives effect to the income tax expense had the Company been a C Corporation during the three and nine months ended September 30, 2019 and 2018. The pro forma C Corp equivalent net income information, therefore, includes an adjustment for income tax expense as if the Company had been a C Corporation during the three and nine months ended September 30, 2019 and 2018. The pro forma basic and diluted earnings per share information is computed using the pro forma C Corp equivalent net income and weighted average shares of common stock outstanding. There were no dilutive instruments outstanding during 2019, therefore, the pro forma C Corp equivalent basic and diluted earnings per share amounts are the same.
Segment Reporting	Segment Reporting The Company’s operations consist of one reportable segment called community banking. The operations of the non-bank subsidiaries of the Company primarily support the operations of the Banks. While the Company’s management monitors both bank subsidiaries’ operations and profitability separately, these subsidiaries have been aggregated into one reportable segment due to the similarities in products and services, customer base, operations, profitability measures, and economic characteristics.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation without any impact on the reported amounts of net income or stockholders’ equity.
Subsequent Events	Subsequent Events In preparing these consolidated financial statements, the Company has evaluated events and transactions for potential of recognition or disclosure through the date the financial statements were issued. On October 10, 2019, each share of Series A nonvoting common stock was reclassified and converted into one share of common stock. Additionally, the Company increased the authorized shares to 150,000,000, of which 125,000,000 shares, par value of $0.01 per share, are designated as common stock and 25,000,000 shares, par value of $0.01 per share, are designated as preferred stock.
Sale of First Community Title Services, Inc.	Sale of First Community Title Services, Inc. On February 15, 2019, the Company consummated an agreement to sell substantially all assets and liabilities of First Community Title Services, Inc. to Illinois Real Estate Title Center, LLC, an Illinois limited liability company, for a combination of cash and an equity interest in Illinois Real Estate Title Center, LLC representing total consideration of approximately $498,000.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On January 1, 2019, the Company adopted Accounting Standards Update (ASU) 2016‑02, Leases (Topic 842) . Under the new guidance in this ASU, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee`s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers . The new lease guidance also simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. On January 1, 2019, the Company adopted this standard without a material impact on the Company’s results of operations or financial condition. In June 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016‑13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016‑13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU 2016‑13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016‑13 is effective for years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted for years beginning after December 31, 2018, including interim periods within those years. The Company is currently evaluating the effect that this standard will have on the consolidated results of operations and financial position. In January 2017, the FASB issued ASU 2017‑04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . This ASU simplifies measurement of goodwill and eliminates Step 2 from the goodwill impairment test. Under the ASU, a company should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The impairment charge is limited to the amount of goodwill allocated to that reporting unit. The amendments in this update are effective for annual or any interim goodwill impairment tests in years beginning after December 15, 2021, including interim periods within those years. Early adoption is permitted for goodwill impairment tests performed on testing dates after January 1, 2017. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In March 2017, the FASB issued ASU 2017‑08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310‑20), Premium Amortization on Purchased Callable Debt Securities . ASU 2017‑08 shortens the amortization period for certain callable debt securities held at a premium, requiring the premium to be amortized to the earliest call date. ASU 2017‑08 does not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. This guidance is effective for years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early application is permitted. The adoption of this ASU requires use of a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company adopted this standard on January 1, 2019 without a material impact on the Company’s consolidated results of operations or financial condition. In August 2017, the FASB issued ASU 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . ASU 2017‑12 improves the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements and make certain targeted improvements to simplify the application of the hedge accounting guidance in current generally accepted accounting principles. The Company adopted this standard on January 1, 2018 without a material impact on the Company’s consolidated results of operations or financial condition. In August 2018, the FASB issued ASU 2018‑13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement . ASU 2018‑13 removes, modifies, and adds certain disclosure requirements on fair value measurements. This guidance is effective for annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In October 2018, the FASB issued ASU 2018‑16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate as a Benchmark Interest Rate for Hedge Accounting Purposes . ASU 2018‑16 permits the use of the SOFR Overnight Index Swap Rate as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815. The Company adopted this standard on January 1, 2019 without a material impact on the Company’s consolidated results of operations or financial condition.

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2019
SECURITIES
Summary of carrying balances of securities	September 30, December 31, 2019 2018 (dollars in thousands) Securities available-for-sale $ 618,120 $ 679,526 Securities held-to-maturity 99,861 121,715 Equity securities: Readily determinable fair value 3,251 3,081 No readily determinable fair value 1,185 180 Total securities $ 722,417 $ 804,502
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses	September 30, 2019 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 38,633 $ 947 $ (6) $ 39,574 Municipal 150,058 2,451 (10) 152,499 Mortgage-backed: Agency residential 215,303 3,182 (239) 218,246 Agency commercial 127,550 2,084 (185) 129,449 Private-label 22 — — 22 Corporate 77,202 1,135 (7) 78,330 Total $ 608,768 $ 9,799 $ (447) $ 618,120 December 31, 2018 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 46,977 $ 250 $ (361) $ 46,866 Municipal 161,957 761 (1,268) 161,450 Mortgage-backed: Agency residential 235,903 788 (2,388) 234,303 Agency commercial 151,878 285 (2,082) 150,081 Private-label 254 2 — 256 Corporate 87,118 207 (755) 86,570 Total $ 684,087 $ 2,293 $ (6,854) $ 679,526
Schedule of carrying value and fair value of securities held-to-maturity, with gross unrealized gains and losses	September 30, 2019 Carrying Gross Gross Fair Value Held-to-maturity: (dollars in thousands) Municipal $ 55,182 $ 1,424 $ — $ 56,606 Mortgage-backed: Agency residential 20,336 163 (145) 20,354 Agency commercial 24,343 1,093 (18) 25,418 Total $ 99,861 $ 2,680 $ (163) $ 102,378 December 31, 2018 Carrying Gross Gross Fair Value Held-to-maturity: (dollars in thousands) Municipal $ 73,176 $ 1,149 $ (42) $ 74,283 Mortgage-backed: Agency residential 23,192 — (998) 22,194 Agency commercial 25,347 177 (495) 25,029 Total $ 121,715 $ 1,326 $ (1,535) $ 121,506
Schedule of amortized cost and fair value of securities by contractual maturity	Available-for-Sale Held-to-Maturity Amortized Fair Value Carrying Fair Value (dollars in thousands) Due in 1 year or less $ 55,909 $ 55,967 $ 146 $ 147 Due after 1 year through 5 years 112,593 114,296 25,160 25,684 Due after 5 years through 10 years 89,863 92,422 26,209 26,941 Due after 10 years 7,528 7,718 3,667 3,834 Mortgage-backed: Agency residential 215,303 218,246 20,336 20,354 Agency commercial 127,550 129,449 24,343 25,418 Private-label 22 22 — — Total $ 608,768 $ 618,120 $ 99,861 $ 102,378
Schedule of sales of securities available-for-sale	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Proceeds from sales $ — $ 15,665 $ — $ 15,665 Gross realized gains — 280 — 280 Gross realized losses — (18) — (18)
Schedule of gains (losses) on securities	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Net realized gains on sales $ — $ 262 $ — $ 262 Net unrealized gains (losses) on equities: Readily determinable fair value 55 (82) 170 (112) No readily determinable fair value (128) — (128) — Gains (losses) on securities $ (73) $ 180 $ 42 $ 150
Schedule of gross unrealized losses and fair value of investments	Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total September 30, 2019 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ — $ — $ (6) $ 1,991 $ (6) $ 1,991 Municipal (7) 4,480 (3) 1,111 (10) 5,591 Mortgage-backed: Agency residential (21) 17,348 (218) 31,241 (239) 48,589 Agency commercial — — (185) 16,678 (185) 16,678 Corporate (5) 14,990 (2) 4,995 (7) 19,985 Total $ (33) $ 36,818 $ (414) $ 56,016 $ (447) $ 92,834 Held-to-maturity: Mortgage-backed: Agency residential $ (16) $ 3,225 $ (129) $ 9,760 $ (145) $ 12,985 Agency commercial (11) 2,226 (7) 622 (18) 2,848 Total $ (27) $ 5,451 $ (136) $ 10,382 $ (163) $ 15,833 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2018 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ (302) $ 19,079 $ (59) $ 7,938 $ (361) $ 27,017 Municipal (230) 31,034 (1,038) 59,702 (1,268) 90,736 Mortgage-backed: Agency residential (299) 40,864 (2,089) 99,967 (2,388) 140,831 Agency commercial (262) 35,462 (1,820) 81,899 (2,082) 117,361 Corporate (263) 20,734 (492) 39,054 (755) 59,788 Total $ (1,356) $ 147,173 $ (5,498) $ 288,560 $ (6,854) $ 435,733 Held-to-maturity: Municipal $ (32) $ 4,166 $ (10) $ 1,856 $ (42) $ 6,022 Mortgage-backed: Agency residential (59) 4,046 (939) 17,564 (998) 21,610 Agency commercial (67) 8,910 (428) 10,413 (495) 19,323 Total $ (158) $ 17,122 $ (1,377) $ 29,833 $ (1,535) $ 46,955

LOANS AND THE ALLOWANCE FOR L_2

LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2019
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Summary of Loans	September 30, December 31, 2019 2018 (dollars in thousands) Commercial and industrial $ 340,650 $ 360,501 Agricultural and farmland 205,041 209,875 Commercial real estate - owner occupied 239,805 255,074 Commercial real estate - non-owner occupied 552,262 533,910 Multi-family 191,646 135,925 Construction and land development 210,939 237,275 One-to-four family residential 321,947 313,108 Municipal, consumer, and other 108,724 98,589 Total loans, before allowance for loan losses 2,171,014 2,144,257 Allowance for loan losses (22,761) (20,509) Loans, net of allowance for loan losses $ 2,148,253 $ 2,123,748
Schedule of activity in allowance for loan losses	The following tables detail activity in the allowance for loan losses for the three and nine months ended September 30, 2019 and 2018: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Three Months Ended September 30, 2019 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, June 30, 2019 $ 5,187 $ 2,862 $ 2,487 $ 2,721 $ 1,153 $ 3,723 $ 3,569 $ 840 $ 22,542 Provision for loan losses (915) (133) (482) 521 (182) (601) (692) 3,168 684 Charge-offs (32) — (216) (111) (41) — (387) (150) (937) Recoveries 313 — 26 5 — 1 42 85 472 Balance, September 30, 2019 $ 4,553 $ 2,729 $ 1,815 $ 3,136 $ 930 $ 3,123 $ 2,532 $ 3,943 $ 22,761 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Three Months Ended September 30, 2018 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, June 30, 2018 $ 4,927 $ 2,375 $ 1,616 $ 2,930 $ 920 $ 3,345 $ 3,062 $ 1,170 $ 20,345 Provision for loan losses 220 319 47 (36) (13) 365 213 123 1,238 Charge-offs (43) — (44) — — — (439) (136) (662) Recoveries 30 — 45 5 — 2 109 59 250 Balance, September 30, 2018 $ 5,134 $ 2,694 $ 1,664 $ 2,899 $ 907 $ 3,712 $ 2,945 $ 1,216 $ 21,171 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Nine Months Ended September 30, 2019 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, December 31, 2018 $ 3,748 $ 2,650 $ 2,506 $ 2,644 $ 912 $ 4,176 $ 2,782 $ 1,091 $ 20,509 Provision for loan losses 700 109 (356) 588 59 (1,478) 541 3,103 3,266 Charge-offs (315) (30) (382) (111) (41) (9) (1,026) (522) (2,436) Recoveries 420 — 47 15 — 434 235 271 1,422 Balance, September 30, 2019 $ 4,553 $ 2,729 $ 1,815 $ 3,136 $ 930 $ 3,123 $ 2,532 $ 3,943 $ 22,761 Commercial Commercial Commercial Agricultural Real Estate Real Estate Consumer and and Owner Non-owner Construction Residential and Nine Months Ended September 30, 2018 Industrial Farmland Occupied Occupied Multi ‑ Family and Land Real Estate Other Total Allowance for loan losses: (dollars in thousands) Balance, December 31, 2017 $ 5,411 $ 2,385 $ 1,510 $ 2,476 $ 997 $ 2,981 $ 2,723 $ 1,282 $ 19,765 Provision for loan losses (213) 309 149 356 (90) 528 553 199 1,791 Charge-offs (178) — (46) (69) — (53) (727) (459) (1,532) Recoveries 114 — 51 136 — 256 396 194 1,147 Balance, September 30, 2018 $ 5,134 $ 2,694 $ 1,664 $ 2,899 $ 907 $ 3,712 $ 2,945 $ 1,216 $ 21,171 The following tables present the recorded investments in loans and the allowance for loan losses by category as of September 30, 2019 and December 31, 2018: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and September 30, 2019 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 328,063 $ 188,068 $ 218,223 $ 529,096 $ 188,715 $ 204,553 $ 298,978 $ 94,654 $ 2,050,350 Individually evaluated for impairment 10,163 15,860 12,441 3,835 1,334 2,694 11,810 13,970 72,107 Acquired with deteriorated credit quality 2,424 1,113 9,141 19,331 1,597 3,692 11,159 100 48,557 Total $ 340,650 $ 205,041 $ 239,805 $ 552,262 $ 191,646 $ 210,939 $ 321,947 $ 108,724 $ 2,171,014 Allowance for loan losses: Collectively evaluated for impairment $ 2,044 $ 2,503 $ 1,431 $ 2,761 $ 921 $ 1,697 $ 1,560 $ 860 $ 13,777 Individually evaluated for impairment 2,509 73 323 71 — 1,262 853 3,082 8,173 Acquired with deteriorated credit quality — 153 61 304 9 164 119 1 811 Total $ 4,553 $ 2,729 $ 1,815 $ 3,136 $ 930 $ 3,123 $ 2,532 $ 3,943 $ 22,761 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and December 31, 2018 Industrial Farmland Occupied Occupied Multi ‑ Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 350,435 $ 197,414 $ 226,068 $ 504,368 $ 132,379 $ 229,626 $ 287,173 $ 98,059 $ 2,025,522 Individually evaluated for impairment 7,488 11,295 19,202 7,820 1,678 3,331 12,837 416 64,067 Acquired with deteriorated credit quality 2,578 1,166 9,804 21,722 1,868 4,318 13,098 114 54,668 Total $ 360,501 $ 209,875 $ 255,074 $ 533,910 $ 135,925 $ 237,275 $ 313,108 $ 98,589 $ 2,144,257 Allowance for loan losses: Collectively evaluated for impairment $ 2,188 $ 2,611 $ 1,423 $ 2,566 $ 640 $ 2,024 $ 1,464 $ 1,024 $ 13,940 Individually evaluated for impairment 1,554 39 1,066 73 267 1,714 1,265 67 6,045 Acquired with deteriorated credit quality 6 — 17 5 5 438 53 — 524 Total $ 3,748 $ 2,650 $ 2,506 $ 2,644 $ 912 $ 4,176 $ 2,782 $ 1,091 $ 20,509
Schedule of loans individually evaluated for impairment by category	Unpaid Average Interest Principal Recorded Related Recorded Income September 30, 2019 Balance Investment Allowance Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 4,902 $ 4,902 $ 2,509 $ 5,081 $ 115 Agricultural and farmland 490 490 73 404 12 Commercial real estate - owner occupied 1,953 1,953 323 1,998 90 Commercial real estate - non-owner occupied 101 100 71 102 5 Multi-family — — — — — Construction and land development 2,591 2,590 1,262 2,842 131 One-to-four family residential 2,095 2,087 853 2,091 65 Municipal, consumer, and other 9,202 9,175 3,082 9,202 103 Total $ 21,334 $ 21,297 $ 8,173 $ 21,720 $ 521 With no related allowance: Commercial and industrial $ 5,258 $ 5,261 $ — $ 5,681 $ 150 Agricultural and farmland 15,369 15,370 — 15,889 352 Commercial real estate - owner occupied 10,479 10,488 — 10,640 360 Commercial real estate - non-owner occupied 3,730 3,735 — 4,000 111 Multi-family 1,337 1,334 — 1,349 9 Construction and land development 105 104 — 107 3 One-to-four family residential 9,751 9,723 — 10,107 194 Municipal, consumer, and other 4,809 4,795 — 4,871 71 Total $ 50,838 $ 50,810 $ — $ 52,644 $ 1,250 Total: Commercial and industrial $ 10,160 $ 10,163 $ 2,509 $ 10,762 $ 265 Agricultural and farmland 15,859 15,860 73 16,293 364 Commercial real estate - owner occupied 12,432 12,441 323 12,638 450 Commercial real estate - non-owner occupied 3,831 3,835 71 4,102 116 Multi-family 1,337 1,334 — 1,349 9 Construction and land development 2,696 2,694 1,262 2,949 134 One-to-four family residential 11,846 11,810 853 12,198 259 Municipal, consumer, and other 14,011 13,970 3,082 14,073 174 Total $ 72,172 $ 72,107 $ 8,173 $ 74,364 $ 1,771 Unpaid Average Interest Principal Recorded Related Recorded Income December 31, 2018 Balance Investment Allowance Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 2,833 $ 2,833 $ 1,554 $ 4,274 $ 106 Agricultural and farmland 406 406 39 566 16 Commercial real estate - owner occupied 2,323 2,322 1,066 3,574 67 Commercial real estate - non-owner occupied 103 103 73 640 7 Multi-family 1,362 1,362 267 1,472 66 Construction and land development 3,136 3,135 1,714 2,593 161 One-to-four family residential 3,022 3,008 1,265 3,377 82 Municipal, consumer, and other 230 231 67 302 5 Total $ 13,415 $ 13,400 $ 6,045 $ 16,798 $ 510 With no related allowance: Commercial and industrial $ 4,651 $ 4,655 $ — $ 5,093 $ 59 Agricultural and farmland 10,888 10,889 — 8,815 526 Commercial real estate - owner occupied 16,891 16,880 — 12,217 384 Commercial real estate - non-owner occupied 7,715 7,717 — 7,110 147 Multi-family 316 316 — 355 17 Construction and land development 198 196 — 528 3 One-to-four family residential 9,874 9,829 — 10,706 168 Municipal, consumer, and other 184 185 — 297 5 Total $ 50,717 $ 50,667 $ — $ 45,121 $ 1,309 Total: Commercial and industrial $ 7,484 $ 7,488 $ 1,554 $ 9,367 $ 165 Agricultural and farmland 11,294 11,295 39 9,381 542 Commercial real estate - owner occupied 19,214 19,202 1,066 15,791 451 Commercial real estate - non-owner occupied 7,818 7,820 73 7,750 154 Multi-family 1,678 1,678 267 1,827 83 Construction and land development 3,334 3,331 1,714 3,121 164 One-to-four family residential 12,896 12,837 1,265 14,083 250 Municipal, consumer, and other 414 416 67 599 10 Total $ 64,132 $ 64,067 $ 6,045 $ 61,919 $ 1,819
Schedule of recorded investment on past due basis	Accruing Interest 30 - 89 Days 90+ Days Total September 30, 2019 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 334,983 $ 811 $ 29 $ 4,827 $ 340,650 Agricultural and farmland 198,506 370 — 6,165 205,041 Commercial real estate - owner occupied 235,322 3,118 184 1,181 239,805 Commercial real estate - non-owner occupied 551,393 225 66 578 552,262 Multi-family 190,157 — 155 1,334 191,646 Construction and land development 210,746 140 — 53 210,939 One-to-four family residential 314,807 2,145 357 4,638 321,947 Municipal, consumer, and other 108,256 267 — 201 108,724 Total loans $ 2,144,170 $ 7,076 $ 791 $ 18,977 $ 2,171,014 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2018 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 356,481 $ 122 $ 1,747 $ 2,151 $ 360,501 Agricultural and farmland 207,791 108 — 1,976 209,875 Commercial real estate - owner occupied 249,698 538 184 4,654 255,074 Commercial real estate - non-owner occupied 532,241 1,058 — 611 533,910 Multi-family 134,368 1,361 196 — 135,925 Construction and land development 236,798 82 — 395 237,275 One-to-four family residential 304,439 2,154 600 5,915 313,108 Municipal, consumer, and other 97,998 380 37 174 98,589 Total loans $ 2,119,814 $ 5,803 $ 2,764 $ 15,876 $ 2,144,257
Schedule of loans by category risk ratings	September 30, 2019 Pass Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 306,285 $ 22,524 $ 11,841 $ — $ 340,650 Agricultural and farmland 178,777 9,577 16,687 — 205,041 Commercial real estate - owner occupied 206,456 21,122 12,227 — 239,805 Commercial real estate - non-owner occupied 503,137 46,735 2,390 — 552,262 Multi-family 188,392 1,765 1,489 — 191,646 Construction and land development 202,554 5,233 3,152 — 210,939 One-to-four family residential 294,322 14,072 13,553 — 321,947 Municipal, consumer, and other 94,336 417 13,971 — 108,724 Total loans $ 1,974,259 $ 121,445 $ 75,310 $ — $ 2,171,014 December 31, 2018 Pass Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 315,815 $ 35,176 $ 9,510 $ — $ 360,501 Agricultural and farmland 185,598 12,116 12,161 — 209,875 Commercial real estate - owner occupied 217,017 17,845 20,212 — 255,074 Commercial real estate - non-owner occupied 486,859 39,231 7,820 — 533,910 Multi-family 131,583 2,468 1,874 — 135,925 Construction and land development 227,775 5,663 3,837 — 237,275 One-to-four family residential 282,704 14,599 15,805 — 313,108 Municipal, consumer, and other 97,668 497 424 — 98,589 Total loans $ 1,945,019 $ 127,595 $ 71,643 $ — $ 2,144,257
Schedule of financial effect of troubled debt restructurings	The following tables present the financial effect of troubled debt restructurings for the three months ended September 30, 2019 and 2018: Charge-offs Recorded Investment and Specific Three Months Ended September 30, 2019 Number Pre-Modification Post-Modification Reserves (dollars in thousands) One-to-four family residential 1 $ 21 $ 21 — Charge-offs Recorded Investment and Specific Three Months Ended September 30, 2018 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial and industrial 1 $ 120 $ 120 $ 35 Agricultural and farmland 1 171 171 — Commercial real estate - owner occupied 2 5,173 5,189 47 One-to-four family residential 2 898 897 421 Total 6 $ 6,362 $ 6,377 $ 503 The following tables present the financial effect of troubled debt restructurings for the nine months ended September 30, 2019 and 2018: Charge-offs Recorded Investment and Specific Nine Months Ended September 30, 2019 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial and industrial 3 $ 516 $ 516 $ — Agricultural and farmland 2 392 392 — Commercial real estate - owner occupied 1 170 170 — One-to-four family residential 1 21 21 — Total 7 $ 1,099 $ 1,099 $ — Charge-offs Recorded Investment and Specific Nine Months Ended September 30, 2018 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial and industrial 2 $ 296 $ 296 $ 157 Agricultural and farmland 1 171 171 — Commercial real estate - owner occupied 2 5,173 5,189 47 One-to-four family residential 4 1,230 1,255 480 Total 9 $ 6,870 $ 6,911 $ 684
Schedule of changes in the accretable yield for loans acquired with deteriorated credit quality	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 1,633 $ 1,474 $ 2,101 $ 2,723 Reclassification from non-accretable difference 129 179 536 608 Accretion income (231) (691) (1,106) (2,369) Ending balance $ 1,531 $ 962 $ 1,531 $ 962

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	9 Months Ended
	Sep. 30, 2019
LOAN SERVICING
Schedule of activity in mortgage servicing rights	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 8,796 $ 10,656 $ 10,918 $ 10,289 Capitalized servicing rights 344 259 720 687 Fair value adjustment (1,204) (352) (3,702) (413) Ending balance $ 7,936 $ 10,563 $ 7,936 $ 10,563

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	9 Months Ended
	Sep. 30, 2019
FORECLOSED ASSETS
Schedule of foreclosed assets activity	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 9,707 $ 11,916 $ 9,559 $ 16,545 Transfers from loans 27 — 1,788 1,889 Capitalized improvements 41 — 41 — Proceeds from sales (3,173) (1,545) (4,142) (6,092) Sales through loan origination — — (360) (1,174) Net gain (loss) on sales 135 39 240 (281) Direct write-downs (163) (234) (552) (711) Ending balance $ 6,574 $ 10,176 $ 6,574 $ 10,176

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2019
DEPOSITS
Schedule of Company’s interest-bearing deposits	September 30, 2019 December 31, 2018 (dollars in thousands) Interest-bearing demand $ 800,471 $ 856,919 Money market 463,444 427,730 Savings 426,707 421,698 Time 364,120 424,747 Total interest-bearing deposits $ 2,054,742 $ 2,131,094
Schedule of interest expense on deposits	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) Interest-bearing demand $ 347 $ 377 $ 1,175 $ 964 Money market 497 165 1,356 491 Savings 70 70 207 213 Time 1,086 1,007 3,356 2,547 Total interest expense on deposits $ 2,000 $ 1,619 $ 6,094 $ 4,215

SUBORDINATED DEBENTURES (Tables

SUBORDINATED DEBENTURES (Tables)	9 Months Ended
	Sep. 30, 2019
SUBORDINATED DEBENTURES
Schedule of carrying value of subordinated borrowings	September 30, 2019 December 31, 2018 (dollars in thousands) Heartland Bancorp, Inc. Capital Trust B $ 10,310 $ 10,310 Heartland Bancorp, Inc. Capital Trust C 10,310 10,310 Heartland Bancorp, Inc. Capital Trust D 5,155 5,155 FFBI Capital Trust I 7,217 7,217 National Bancorp Statutory Trust I 4,574 4,525 Total $ 37,566 $ 37,517
Schedule of interest rates and maturities of the subordinated debentures	Interest Rate at Variable September 30, December 31, Maturity Interest Rate 2019 2018 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 5.05 % 5.19 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 % 3.65 % 4.32 % June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 % 3.47 % 4.14 % September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 % 5.10 % 5.24 % April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 % 5.02 % 5.69 % December 31, 2037

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair values of Company’s derivative instrument assets and liabilities related to interest rate swap contracts	September 30, 2019 December 31, 2018 Designated as cash flow hedges: (dollars in thousands) Fair value recorded in other assets $ — $ 151 Fair value recorded in other liabilities (898) — Total $ (898) $ 151 Not designated as hedging instruments: Fair value recorded in other assets $ 11,766 $ 3,074 Fair value recorded in other liabilities (11,766) (3,074) Total $ — $ —
Schedule of the effect of interest rate contracts designated as cash flow hedges on the consolidated statements of income	Location of gross gain (loss) reclassified from accumulated other Amounts of gross gain (loss) reclassified from comprehensive income to income accumulated other comprehensive income Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Designated as cash flow hedges: (dollars in thousands) Taxable loan interest income $ 33 $ 39 $ 83 $ 137 Subordinated debentures interest expense (9) — (7) — Total $ 24 $ 39 $ 76 $ 137
Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income	Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 4,151 $ 136 $ 10,196 $ 1,459 Gross losses (4,151) (136) (10,159) (1,459) Net gains (losses) $ — $ — $ 37 $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME
Schedule of the activity and accumulated balances for components of other comprehensive income (loss)	Unrealized Gains (Losses) on Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Three Months Ended September 30, 2019 Balance, June 30, 2019 $ 8,063 $ (37) $ (590) $ 7,436 Other comprehensive income (loss) before reclassifications 1,289 — (208) 1,081 Reclassifications — (62) (24) (86) Other comprehensive income (loss) 1,289 (62) (232) 995 Balance, September 30, 2019 $ 9,352 $ (99) $ (822) $ 8,431 Three Months Ended September 30, 2018 Balance, June 30, 2018 $ (10,672) $ 316 $ 206 $ (10,150) Other comprehensive loss before reclassifications (3,196) — (13) (3,209) Reclassifications (262) (99) (39) (400) Other comprehensive loss (3,458) (99) (52) (3,609) Balance, September 30, 2018 $ (14,130) $ 217 $ 154 $ (13,759) Nine Months Ended September 30, 2019 Balance, December 31, 2018 $ (4,561) $ 122 $ 151 $ (4,288) Other comprehensive income (loss) before reclassifications 13,913 — (897) 13,016 Reclassifications — (221) (76) (297) Other comprehensive income (loss) 13,913 (221) (973) 12,719 Balance, September 30, 2019 $ 9,352 $ (99) $ (822) $ 8,431 Nine Months Ended September 30, 2018 Balance, December 31, 2017 $ (1,288) $ 504 $ 409 $ (375) Adoption of ASU 2016-01 (122) — — (122) Other comprehensive income (loss) before reclassifications (12,458) — (118) (12,576) Reclassifications (262) (287) (137) (686) Other comprehensive loss (12,720) (287) (255) (13,262) Balance, September 30, 2018 $ (14,130) $ 217 $ 154 $ (13,759)

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	9 Months Ended
	Sep. 30, 2019
STOCK-BASED COMPENSATION PLANS
Schedule of the status of awards and changes	Three Months Ended September 30, 2019 Units Weighted Average Outstanding, June 30, 2019 42,840 $ 7.46 Granted 110,160 25.75 Exercised (42,840) 7.46 Forfeited — — Outstanding, September 30, 2019 110,160 $ 25.75 Three Months Ended September 30, 2018 Outstanding, June 30, 2018 91,800 $ 5.73 Granted — — Exercised — — Forfeited — — Outstanding, September 30, 2018 91,800 $ 5.73 Nine Months Ended September 30, 2019 Outstanding, December 31, 2018 91,800 $ 5.73 Granted 110,160 25.75 Exercised (91,800) 5.73 Forfeited — — Outstanding, September 30, 2019 110,160 $ 25.75 Nine Months Ended September 30, 2018 Outstanding, December 31, 2017 116,280 $ 5.66 Granted — — Exercised (24,480) 5.43 Forfeited — — Outstanding, September 30, 2018 91,800 $ 5.73 Exercisable, September 30, 2019 79,560 $ 25.75 Exercisable, December 31, 2018 91,800 $ 5.73 A further summary of awards outstanding as of September 30, 2019, is as follows: Units Units Range of Grant Date Assigned Values Outstanding Exercisable $ 25.75 110,160 79,560

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2019
REGULATORY MATTERS
Schedule of the Company's and the bank subsidiaries' actual and required capital amounts and ratios	Actual For Capital To Be Well September 30, 2019 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 371,681 % $ 199,798 8.00 % N/A N/A Heartland Bank $ 329,689 % $ 184,457 8.00 % $ 230,572 10.00 % Lincoln Bank $ 37,349 % $ 15,031 8.00 % $ 18,789 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 348,920 % $ 149,848 6.00 % N/A N/A Heartland Bank $ 309,145 % $ 138,343 6.00 % $ 184,457 8.00 % Lincoln Bank $ 35,132 % $ 11,274 6.00 % $ 15,031 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 312,519 % $ 112,386 4.50 % N/A N/A Heartland Bank $ 309,145 % $ 103,757 4.50 % $ 149,871 6.50 % Lincoln Bank $ 35,132 % $ 8,455 4.50 % $ 12,213 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 348,920 % $ 126,601 4.00 % N/A N/A Heartland Bank $ 309,145 % $ 112,366 4.00 % $ 140,458 5.00 % Lincoln Bank $ 35,132 % $ 14,104 4.00 % $ 17,631 5.00 % Actual For Capital To Be Well December 31, 2018 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 372,472 % $ 198,730 8.00 % N/A N/A Heartland Bank $ 332,391 % $ 184,127 8.00 % $ 230,159 10.00 % Lincoln Bank $ 38,059 % $ 14,488 8.00 % $ 18,110 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 351,963 % $ 149,047 6.00 % N/A N/A Heartland Bank $ 313,406 % $ 138,095 6.00 % $ 184,127 8.00 % Lincoln Bank $ 36,535 % $ 10,866 6.00 % $ 14,488 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 315,611 % $ 111,785 4.50 % N/A N/A Heartland Bank $ 313,406 % $ 103,572 4.50 % $ 149,603 6.50 % Lincoln Bank $ 36,535 % $ 8,150 4.50 % $ 11,772 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 351,963 % $ 130,393 4.00 % N/A N/A Heartland Bank $ 313,406 % $ 113,668 4.00 % $ 142,085 5.00 % Lincoln Bank $ 36,535 % $ 14,319 4.00 % $ 17,899 5.00 %

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of assets measured at fair value on a recurring basis	September 30, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Securities available-for-sale: U.S. government agency $ — $ 39,574 $ — $ 39,574 Municipal — 152,499 — 152,499 Mortgage-backed: Agency residential — 218,246 — 218,246 Agency commercial — 129,449 — 129,449 Private-label — 22 — 22 Corporate — 78,330 — 78,330 Equity securities with readily determinable fair values 3,251 — — 3,251 Mortgage servicing rights — — 7,936 7,936 Derivative financial assets — 11,766 — 11,766 Derivative financial liabilities — 12,664 — 12,664 December 31, 2018 Level 1 Level 2 Level 3 Total (dollars in thousands) Securities available-for-sale: U.S. government agency $ — $ 46,866 $ — $ 46,866 Municipal — 161,450 — 161,450 Mortgage-backed: Agency residential — 234,303 — 234,303 Agency commercial — 150,081 — 150,081 Private-label — 256 — 256 Corporate — 86,570 — 86,570 Equity securities with readily determinable fair values 3,081 — — 3,081 Mortgage servicing rights — — 10,918 10,918 Derivative financial assets — 3,225 — 3,225 Derivative financial liabilities — 3,074 — 3,074
Schedule of quantitative information about the unobservable inputs used in recurring Level 3 fair value measurements	The following tables present additional information about the unobservable inputs used in the fair value measurement of the mortgage servicing rights (dollars in thousands): September 30, 2019 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 7,936 Discounted cash flows Constant pre-payment rates (CPR) 7.1% to 68.5% (14.1%) Discount rate 9.0% to 11.0% (9.0%) December 31, 2018 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 10,918 Discounted cash flows Constant pre-payment rates (CPR) 7.5% to 87.6% (8.9%) Discount rate 9.0% to 11.0% (9.0%)
Summary of assets measured at fair value on a nonrecurring basis	September 30, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 7,608 $ — $ 7,608 Collateral-dependent impaired loans — — 13,124 13,124 Bank premises held for sale — — 121 121 Foreclosed assets — — 6,574 6,574 December 31, 2018 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 2,800 $ — $ 2,800 Collateral-dependent impaired loans — — 7,355 7,355 Bank premises held for sale — — 749 749 Foreclosed assets — — 9,559 9,559
Schedule of quantitative information about the unobservable inputs used in non-recurring Level 3 fair value measurements	The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements (dollars in thousands). September 30, 2019 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 13,124 Appraisal of collateral Appraisal adjustments 20% to 40% (25%) Bank premises held for sale 121 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 6,574 Appraisal Appraisal adjustments 7% (7%) December 31, 2018 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 7,355 Appraisal of collateral Appraisal adjustments 20% to 40% (25%) Bank premises held for sale 749 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 9,559 Appraisal Appraisal adjustments 7% (7%)
Summary information on the carrying amounts and estimated fair values of the Company’s financial instruments	Fair Value September 30, 2019 December 31, 2018 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 154,941 $ 154,941 $ 186,879 $ 186,879 Interest-bearing time deposits with banks Level 1 248 248 248 248 Securities held-to-maturity Level 2 99,861 102,378 121,715 121,506 Restricted stock Level 3 2,425 2,425 2,719 2,719 Loans, net Level 3 2,148,253 2,185,888 2,123,748 2,125,698 Investments in unconsolidated subsidiaries Level 3 1,165 1,165 1,165 1,165 Accrued interest receivable Level 2 14,816 14,816 15,300 15,300 Financial liabilities: Time deposits Level 3 364,120 362,593 424,747 419,333 Securities sold under agreements to repurchase Level 2 32,267 32,267 46,195 46,195 Subordinated debentures Level 3 37,566 31,754 37,517 32,149 Accrued interest payable Level 2 1,172 1,172 1,207 1,207

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2019
COMMITMENTS AND CONTINGENCIES
Schedule of commitments and conditional obligations	Contractual Amount September 30, December 31, 2019 2018 (dollars in thousands) Commitments to extend credit $ 542,620 $ 524,112 Standby letters of credit 8,666 10,358

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details) $ / shares in Units, $ in Thousands	Oct. 11, 2019USD ($)	Oct. 10, 2019USD ($)$ / sharesshares	Sep. 13, 2019	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)	Nov. 20, 2019$ / shares	Feb. 15, 2019USD ($)
ACCOUNTING POLICIES
Stock split ratio			20
Number of shares issued | shares		9,429,794
Share price | $ / shares		$ 16
Proceeds from initial public offering		$ 138,000
Special dividend fund		$ 170,000
Special dividend per share | $ / shares		$ 9.43						$ 9.43
Provision for prepaid dividend						$ 0
Deferred tax asset	$ 500
Income tax benefit	(3,300)			$ 299	$ 241	$ 819	$ 630
Reduction in accumulated other comprehensive income	$ (2,700)
Number of segments | segment						1
Common stock and preferred stock, shares authorized | shares		150,000,000
Common stock, shares converted | shares		1
Common stock, shares authorized | shares		125,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.01
Preferred stock, shares authorized | shares		25,000,000
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.01
First Community Title Services, Inc.
ACCOUNTING POLICIES
Consideration received									$ 498

TRANSACTIONS BETWEEN ENTITIES_2

TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL (Details) $ in Thousands	Oct. 10, 2019shares	Oct. 29, 2018USD ($)itemshares
TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL
Common stock issues and outstanding	1
Common stock converted		1,382,560
Cash paid for fractional shares | $		$ 6
Cash deposit into escrow account | $		$ 500
Expiry of escrow agreement		12 months
Lincoln S.B. Corp.
TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL
Common stock issues and outstanding		14,548
Outstanding stock		100.00%
Number of branches | item		6

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018	Jan. 01, 2018
SECURITIES
Retained earnings	$ 311,055	$ 311,055	$ 315,234
Adjustment to carrying value of equity securities with no readily determinable fair value	128	128
Carrying value of securities pledged to secure public and trust deposits	288,305	$ 288,305	291,404
Illinois
SECURITIES
Percentage of obligations of local municipalities		56.00%
Percentage of general obligations in local municipalities		91.00%
Mortgage backed securities
SECURITIES
Amortized cost of securities held-to-maturity	44,739	$ 44,739	48,611
Held-to-maturity | Municipal securities
SECURITIES
Amortized cost of securities held-to-maturity	$ 55,221	$ 55,221	$ 72,982
ASU 2016-01 | Restatement Adjustment
SECURITIES
Retained earnings				$ 122

SECURITIES - Carrying balances

SECURITIES - Carrying balances of securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
SECURITIES
Securities available-for-sale, at fair value	$ 618,120	$ 679,526
Securities held-to-maturity	99,861	121,715
Equity securities: Readily determinable fair value	3,251	3,081
Equity securities: No readily determinable fair value	1,185	180
Total securities	$ 722,417	$ 804,502

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and Fair values of securities with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale
Amortized Cost	$ 608,768	$ 684,087
Gross Unrealized Gains	9,799	2,293
Gross Unrealized Losses	(447)	(6,854)
Fair Value	618,120	679,526
Held-to-maturity
Carrying Value	99,861	121,715
Gross Unrealized Gains	2,680	1,326
Gross Unrealized Losses	(163)	(1,535)
Fair Value	102,378	121,506
U.S. government agency
Available-for-sale
Amortized Cost	38,633	46,977
Gross Unrealized Gains	947	250
Gross Unrealized Losses	(6)	(361)
Fair Value	39,574	46,866
Municipal securities
Available-for-sale
Amortized Cost	150,058	161,957
Gross Unrealized Gains	2,451	761
Gross Unrealized Losses	(10)	(1,268)
Fair Value	152,499	161,450
Held-to-maturity
Carrying Value	55,182	73,176
Gross Unrealized Gains	1,424	1,149
Gross Unrealized Losses		(42)
Fair Value	56,606	74,283
Mortgage-backed: Agency residential
Available-for-sale
Amortized Cost	215,303	235,903
Gross Unrealized Gains	3,182	788
Gross Unrealized Losses	(239)	(2,388)
Fair Value	218,246	234,303
Held-to-maturity
Carrying Value	20,336	23,192
Gross Unrealized Gains	163
Gross Unrealized Losses	(145)	(998)
Fair Value	20,354	22,194
Mortgage-backed: Agency commercial
Available-for-sale
Amortized Cost	127,550	151,878
Gross Unrealized Gains	2,084	285
Gross Unrealized Losses	(185)	(2,082)
Fair Value	129,449	150,081
Held-to-maturity
Carrying Value	24,343	25,347
Gross Unrealized Gains	1,093	177
Gross Unrealized Losses	(18)	(495)
Fair Value	25,418	25,029
Mortgage-backed: Private-label
Available-for-sale
Amortized Cost	22	254
Gross Unrealized Gains		2
Fair Value	22	256
Corporate
Available-for-sale
Amortized Cost	77,202	87,118
Gross Unrealized Gains	1,135	207
Gross Unrealized Losses	(7)	(755)
Fair Value	78,330	$ 86,570
Available-for-sale
Available-for-sale
Amortized Cost	608,768
Fair Value	618,120
Available-for-sale | Mortgage-backed: Agency residential
Available-for-sale
Amortized Cost	215,303
Fair Value	218,246
Available-for-sale | Mortgage-backed: Agency commercial
Available-for-sale
Amortized Cost	127,550
Fair Value	129,449
Available-for-sale | Mortgage-backed: Private-label
Available-for-sale
Amortized Cost	22
Fair Value	22
Held-to-maturity
Held-to-maturity
Carrying Value	99,861
Fair Value	102,378
Held-to-maturity | Mortgage-backed: Agency residential
Held-to-maturity
Carrying Value	20,336
Fair Value	20,354
Held-to-maturity | Mortgage-backed: Agency commercial
Held-to-maturity
Carrying Value	24,343
Fair Value	$ 25,418

SECURITIES - Amortized cost a_2

SECURITIES - Amortized cost and Fair values of securities with maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost
Amortized Cost	$ 608,768	$ 684,087
Fair Value
Fair Value	618,120	679,526
Carrying Value
Securities held-to-maturity	99,861	121,715
Fair Value
Fair Value	102,378	121,506
Mortgage-backed: Agency residential
Amortized Cost
Amortized Cost	215,303	235,903
Fair Value
Fair Value	218,246	234,303
Carrying Value
Securities held-to-maturity	20,336	23,192
Fair Value
Fair Value	20,354	22,194
Mortgage-backed: Agency commercial
Amortized Cost
Amortized Cost	127,550	151,878
Fair Value
Fair Value	129,449	150,081
Carrying Value
Securities held-to-maturity	24,343	25,347
Fair Value
Fair Value	25,418	25,029
Mortgage-backed: Private-label
Amortized Cost
Amortized Cost	22	254
Fair Value
Fair Value	22	$ 256
Available-for-sale
Amortized Cost
Due in 1 year or less	55,909
Due after 1 year through 5 years	112,593
Due after 5 years through 10 years	89,863
Due after 10 years	7,528
Amortized Cost	608,768
Fair Value
Due in 1 year or less	55,967
Due after 1 year through 5 years	114,296
Due after 5 years through 10 years	92,422
Due after 10 years	7,718
Fair Value	618,120
Available-for-sale | Mortgage-backed: Agency residential
Amortized Cost
Amortized Cost	215,303
Fair Value
Fair Value	218,246
Available-for-sale | Mortgage-backed: Agency commercial
Amortized Cost
Amortized Cost	127,550
Fair Value
Fair Value	129,449
Available-for-sale | Mortgage-backed: Private-label
Amortized Cost
Amortized Cost	22
Fair Value
Fair Value	22
Held-to-maturity
Carrying Value
Due in 1 year or less	146
Due after 1 year through 5 years	25,160
Due after 5 years through 10 years	26,209
Due after 10 years	3,667
Securities held-to-maturity	99,861
Fair Value
Due in 1 year or less	147
Due after 1 year through 5 years	25,684
Due after 5 years through 10 years	26,941
Due after 10 years	3,834
Fair Value	102,378
Held-to-maturity | Mortgage-backed: Agency residential
Carrying Value
Securities held-to-maturity	20,336
Fair Value
Fair Value	20,354
Held-to-maturity | Mortgage-backed: Agency commercial
Carrying Value
Securities held-to-maturity	24,343
Fair Value
Fair Value	$ 25,418

SECURITIES - Sale and Gain (los

SECURITIES - Sale and Gain (loss) on securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Sales of securities available-for-sale
Proceeds from sales		$ 15,665		$ 15,665
Gross realized gains		280		280
Gross realized losses		(18)		(18)
Gains (losses) on securities
Net realized gains on sales		262		262
Net unrealized gains (losses) on equities:
Readily determinable fair value	$ 55	(82)	$ 170	(112)
No readily determinable fair value	(128)		(128)
Gains (losses) on securities	$ (73)	$ 180	$ 42	$ 150

SECURITIES - Investments in a C

SECURITIES - Investments in a Continuous Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)
Available-for-sale: Unrealized Loss
Less than 12 Months	$ (33)	$ (1,356)
12 Months or More	(414)	(5,498)
Total Unrealized Loss of Available-for-sale securities	(447)	(6,854)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(27)	(158)
12 Months or More	(136)	(1,377)
Total Unrealized Loss of Held-to-maturity securities	(163)	(1,535)
Available-for-sale: Fair Value
Less than 12 Months	36,818	147,173
12 Months or More	56,016	288,560
Total Fair Value Available-for-sale securities	92,834	435,733
Held-to-maturity: Fair value
Less than 12 Months	5,451	17,122
12 Months or More	10,382	29,833
Total Fair Value Held-to-maturity securities	$ 15,833	46,955
Number of securities in an unrealized loss position for a period of twelve months or more | item	74
Number of securities in an unrealized loss position for a period of less than twelve months | item	36
U.S. government agency
Available-for-sale: Unrealized Loss
Less than 12 Months		(302)
12 Months or More	$ (6)	(59)
Total Unrealized Loss of Available-for-sale securities	(6)	(361)
Available-for-sale: Fair Value
Less than 12 Months		19,079
12 Months or More	1,991	7,938
Total Fair Value Available-for-sale securities	1,991	27,017
Municipal securities
Available-for-sale: Unrealized Loss
Less than 12 Months	(7)	(230)
12 Months or More	(3)	(1,038)
Total Unrealized Loss of Available-for-sale securities	(10)	(1,268)
Held-to-maturity: Unrealized Loss
Less than 12 Months		(32)
12 Months or More		(10)
Total Unrealized Loss of Held-to-maturity securities		(42)
Available-for-sale: Fair Value
Less than 12 Months	4,480	31,034
12 Months or More	1,111	59,702
Total Fair Value Available-for-sale securities	5,591	90,736
Held-to-maturity: Fair value
Less than 12 Months		4,166
12 Months or More		1,856
Total Fair Value Held-to-maturity securities		6,022
Mortgage-backed: Agency residential
Available-for-sale: Unrealized Loss
Less than 12 Months	(21)	(299)
12 Months or More	(218)	(2,089)
Total Unrealized Loss of Available-for-sale securities	(239)	(2,388)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(16)	(59)
12 Months or More	(129)	(939)
Total Unrealized Loss of Held-to-maturity securities	(145)	(998)
Available-for-sale: Fair Value
Less than 12 Months	17,348	40,864
12 Months or More	31,241	99,967
Total Fair Value Available-for-sale securities	48,589	140,831
Held-to-maturity: Fair value
Less than 12 Months	3,225	4,046
12 Months or More	9,760	17,564
Total Fair Value Held-to-maturity securities	12,985	21,610
Mortgage-backed: Agency commercial
Available-for-sale: Unrealized Loss
Less than 12 Months		(262)
12 Months or More	(185)	(1,820)
Total Unrealized Loss of Available-for-sale securities	(185)	(2,082)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(11)	(67)
12 Months or More	(7)	(428)
Total Unrealized Loss of Held-to-maturity securities	(18)	(495)
Available-for-sale: Fair Value
Less than 12 Months		35,462
12 Months or More	16,678	81,899
Total Fair Value Available-for-sale securities	16,678	117,361
Held-to-maturity: Fair value
Less than 12 Months	2,226	8,910
12 Months or More	622	10,413
Total Fair Value Held-to-maturity securities	2,848	19,323
Corporate
Available-for-sale: Unrealized Loss
Less than 12 Months	(5)	(263)
12 Months or More	(2)	(492)
Total Unrealized Loss of Available-for-sale securities	(7)	(755)
Available-for-sale: Fair Value
Less than 12 Months	14,990	20,734
12 Months or More	4,995	39,054
Total Fair Value Available-for-sale securities	$ 19,985	$ 59,788

LOANS AND THE ALLOWANCE FOR L_3

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Categories of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	$ 2,171,014		$ 2,144,257
Allowance for loan losses	(22,761)	$ (22,542)	(20,509)	$ (21,171)	$ (20,345)	$ (19,765)
Loans, net of allowance for loan losses	2,148,253		2,123,748
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	340,650		360,501
Allowance for loan losses	(4,553)	(5,187)	(3,748)	(5,134)	(4,927)	(5,411)
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	205,041		209,875
Allowance for loan losses	(2,729)	(2,862)	(2,650)	(2,694)	(2,375)	(2,385)
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	239,805		255,074
Allowance for loan losses	(1,815)	(2,487)	(2,506)	(1,664)	(1,616)	(1,510)
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	552,262		533,910
Allowance for loan losses	(3,136)	(2,721)	(2,644)	(2,899)	(2,930)	(2,476)
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	191,646		135,925
Allowance for loan losses	(930)	(1,153)	(912)	(907)	(920)	(997)
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	210,939		237,275
Allowance for loan losses	(3,123)	(3,723)	(4,176)	(3,712)	(3,345)	(2,981)
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	321,947		313,108
Allowance for loan losses	(2,532)	(3,569)	(2,782)	(2,945)	(3,062)	(2,723)
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total loans, before allowance for loan losses	108,724		98,589
Allowance for loan losses	$ (3,943)	$ (840)	$ (1,091)	$ (1,216)	$ (1,170)	$ (1,282)

LOANS AND THE ALLOWANCE FOR L_4

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	$ 22,542	$ 20,345	$ 20,509	$ 19,765
Provision for loan losses	684	1,238	3,266	1,791
Charge-offs	(937)	(662)	(2,436)	(1,532)
Recoveries	472	250	1,422	1,147
Allowance for loan losses at end of period	22,761	21,171	22,761	21,171
Commercial and industrial
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	5,187	4,927	3,748	5,411
Provision for loan losses	(915)	220	700	(213)
Charge-offs	(32)	(43)	(315)	(178)
Recoveries	313	30	420	114
Allowance for loan losses at end of period	4,553	5,134	4,553	5,134
Agricultural and farmland
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	2,862	2,375	2,650	2,385
Provision for loan losses	(133)	319	109	309
Charge-offs			(30)
Allowance for loan losses at end of period	2,729	2,694	2,729	2,694
Commercial real estate - owner occupied
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	2,487	1,616	2,506	1,510
Provision for loan losses	(482)	47	(356)	149
Charge-offs	(216)	(44)	(382)	(46)
Recoveries	26	45	47	51
Allowance for loan losses at end of period	1,815	1,664	1,815	1,664
Commercial real estate - non-owner occupied
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	2,721	2,930	2,644	2,476
Provision for loan losses	521	(36)	588	356
Charge-offs	(111)		(111)	(69)
Recoveries	5	5	15	136
Allowance for loan losses at end of period	3,136	2,899	3,136	2,899
Multi-family
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	1,153	920	912	997
Provision for loan losses	(182)	(13)	59	(90)
Charge-offs	(41)		(41)
Allowance for loan losses at end of period	930	907	930	907
Construction and land development
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	3,723	3,345	4,176	2,981
Provision for loan losses	(601)	365	(1,478)	528
Charge-offs			(9)	(53)
Recoveries	1	2	434	256
Allowance for loan losses at end of period	3,123	3,712	3,123	3,712
One-to-four family residential
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	3,569	3,062	2,782	2,723
Provision for loan losses	(692)	213	541	553
Charge-offs	(387)	(439)	(1,026)	(727)
Recoveries	42	109	235	396
Allowance for loan losses at end of period	2,532	2,945	2,532	2,945
Municipal, consumer, and other
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	840	1,170	1,091	1,282
Provision for loan losses	3,168	123	3,103	199
Charge-offs	(150)	(136)	(522)	(459)
Recoveries	85	59	271	194
Allowance for loan losses at end of period	$ 3,943	$ 1,216	$ 3,943	$ 1,216

LOANS AND THE ALLOWANCE FOR L_5

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Recorded investments in loans and the allowance for loan losses (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	$ 2,050,350		$ 2,025,522
Individually evaluated for impairment, Loans	72,107		64,067
Total Loans	2,171,014		2,144,257
Collectively evaluated for impairment, Allowance for loan losses	13,777		13,940
Individually evaluated for impairment, Allowance for loan losses	8,173		6,045
Total investments in loans	22,761	$ 22,542	20,509	$ 21,171	$ 20,345	$ 19,765
Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	48,557		54,668
Individually evaluated for impairment, Allowance for loan losses	811		524
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	328,063		350,435
Individually evaluated for impairment, Loans	10,163		7,488
Total Loans	340,650		360,501
Collectively evaluated for impairment, Allowance for loan losses	2,044		2,188
Individually evaluated for impairment, Allowance for loan losses	2,509		1,554
Total investments in loans	4,553	5,187	3,748	5,134	4,927	5,411
Commercial and industrial | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	2,424		2,578
Individually evaluated for impairment, Allowance for loan losses			6
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	188,068		197,414
Individually evaluated for impairment, Loans	15,860		11,295
Total Loans	205,041		209,875
Collectively evaluated for impairment, Allowance for loan losses	2,503		2,611
Individually evaluated for impairment, Allowance for loan losses	73		39
Total investments in loans	2,729	2,862	2,650	2,694	2,375	2,385
Agricultural and farmland | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	1,113		1,166
Individually evaluated for impairment, Allowance for loan losses	153
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	218,223		226,068
Individually evaluated for impairment, Loans	12,441		19,202
Total Loans	239,805		255,074
Collectively evaluated for impairment, Allowance for loan losses	1,431		1,423
Individually evaluated for impairment, Allowance for loan losses	323		1,066
Total investments in loans	1,815	2,487	2,506	1,664	1,616	1,510
Commercial real estate - owner occupied | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	9,141		9,804
Individually evaluated for impairment, Allowance for loan losses	61		17
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	529,096		504,368
Individually evaluated for impairment, Loans	3,835		7,820
Total Loans	552,262		533,910
Collectively evaluated for impairment, Allowance for loan losses	2,761		2,566
Individually evaluated for impairment, Allowance for loan losses	71		73
Total investments in loans	3,136	2,721	2,644	2,899	2,930	2,476
Commercial real estate - non-owner occupied | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	19,331		21,722
Individually evaluated for impairment, Allowance for loan losses	304		5
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	188,715		132,379
Individually evaluated for impairment, Loans	1,334		1,678
Total Loans	191,646		135,925
Collectively evaluated for impairment, Allowance for loan losses	921		640
Individually evaluated for impairment, Allowance for loan losses			267
Total investments in loans	930	1,153	912	907	920	997
Multi-family | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	1,597		1,868
Individually evaluated for impairment, Allowance for loan losses	9		5
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	204,553		229,626
Individually evaluated for impairment, Loans	2,694		3,331
Total Loans	210,939		237,275
Collectively evaluated for impairment, Allowance for loan losses	1,697		2,024
Individually evaluated for impairment, Allowance for loan losses	1,262		1,714
Total investments in loans	3,123	3,723	4,176	3,712	3,345	2,981
Construction and land development | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	3,692		4,318
Individually evaluated for impairment, Allowance for loan losses	164		438
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	298,978		287,173
Individually evaluated for impairment, Loans	11,810		12,837
Total Loans	321,947		313,108
Collectively evaluated for impairment, Allowance for loan losses	1,560		1,464
Individually evaluated for impairment, Allowance for loan losses	853		1,265
Total investments in loans	2,532	3,569	2,782	2,945	3,062	2,723
One-to-four family residential | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	11,159		13,098
Individually evaluated for impairment, Allowance for loan losses	119		53
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	94,654		98,059
Individually evaluated for impairment, Loans	13,970		416
Total Loans	108,724		98,589
Collectively evaluated for impairment, Allowance for loan losses	860		1,024
Individually evaluated for impairment, Allowance for loan losses	3,082		67
Total investments in loans	3,943	$ 840	1,091	$ 1,216	$ 1,170	$ 1,282
Municipal, consumer, and other | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	100		$ 114
Individually evaluated for impairment, Allowance for loan losses	$ 1

LOANS AND THE ALLOWANCE FOR L_6

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Individually evaluated for impairment by category of loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Unpaid Principal Balance
With an allowance recorded	$ 21,334	$ 13,415
With no related allowance	50,838	50,717
Total	72,172	64,132
Recorded Investment
With an allowance recorded	21,297	13,400
With no related allowance	50,810	50,667
Total	72,107	64,067
Related Allowance	8,173	6,045
Average Recorded Investment
With an allowance recorded	21,720	16,798
With no related allowance	52,644	45,121
Total	74,364	61,919
Interest Income Recognized
With an allowance recorded	521	510
With no related allowance	1,250	1,309
Total	1,771	1,819
Commercial and industrial
Unpaid Principal Balance
With an allowance recorded	4,902	2,833
With no related allowance	5,258	4,651
Total	10,160	7,484
Recorded Investment
With an allowance recorded	4,902	2,833
With no related allowance	5,261	4,655
Total	10,163	7,488
Related Allowance	2,509	1,554
Average Recorded Investment
With an allowance recorded	5,081	4,274
With no related allowance	5,681	5,093
Total	10,762	9,367
Interest Income Recognized
With an allowance recorded	115	106
With no related allowance	150	59
Total	265	165
Agricultural and farmland
Unpaid Principal Balance
With an allowance recorded	490	406
With no related allowance	15,369	10,888
Total	15,859	11,294
Recorded Investment
With an allowance recorded	490	406
With no related allowance	15,370	10,889
Total	15,860	11,295
Related Allowance	73	39
Average Recorded Investment
With an allowance recorded	404	566
With no related allowance	15,889	8,815
Total	16,293	9,381
Interest Income Recognized
With an allowance recorded	12	16
With no related allowance	352	526
Total	364	542
Commercial real estate - owner occupied
Unpaid Principal Balance
With an allowance recorded	1,953	2,323
With no related allowance	10,479	16,891
Total	12,432	19,214
Recorded Investment
With an allowance recorded	1,953	2,322
With no related allowance	10,488	16,880
Total	12,441	19,202
Related Allowance	323	1,066
Average Recorded Investment
With an allowance recorded	1,998	3,574
With no related allowance	10,640	12,217
Total	12,638	15,791
Interest Income Recognized
With an allowance recorded	90	67
With no related allowance	360	384
Total	450	451
Commercial real estate - non-owner occupied
Unpaid Principal Balance
With an allowance recorded	101	103
With no related allowance	3,730	7,715
Total	3,831	7,818
Recorded Investment
With an allowance recorded	100	103
With no related allowance	3,735	7,717
Total	3,835	7,820
Related Allowance	71	73
Average Recorded Investment
With an allowance recorded	102	640
With no related allowance	4,000	7,110
Total	4,102	7,750
Interest Income Recognized
With an allowance recorded	5	7
With no related allowance	111	147
Total	116	154
Multi-family
Unpaid Principal Balance
With an allowance recorded		1,362
With no related allowance	1,337	316
Total	1,337	1,678
Recorded Investment
With an allowance recorded		1,362
With no related allowance	1,334	316
Total	1,334	1,678
Related Allowance		267
Average Recorded Investment
With an allowance recorded		1,472
With no related allowance	1,349	355
Total	1,349	1,827
Interest Income Recognized
With an allowance recorded		66
With no related allowance	9	17
Total	9	83
Construction and land development
Unpaid Principal Balance
With an allowance recorded	2,591	3,136
With no related allowance	105	198
Total	2,696	3,334
Recorded Investment
With an allowance recorded	2,590	3,135
With no related allowance	104	196
Total	2,694	3,331
Related Allowance	1,262	1,714
Average Recorded Investment
With an allowance recorded	2,842	2,593
With no related allowance	107	528
Total	2,949	3,121
Interest Income Recognized
With an allowance recorded	131	161
With no related allowance	3	3
Total	134	164
One-to-four family residential
Unpaid Principal Balance
With an allowance recorded	2,095	3,022
With no related allowance	9,751	9,874
Total	11,846	12,896
Recorded Investment
With an allowance recorded	2,087	3,008
With no related allowance	9,723	9,829
Total	11,810	12,837
Related Allowance	853	1,265
Average Recorded Investment
With an allowance recorded	2,091	3,377
With no related allowance	10,107	10,706
Total	12,198	14,083
Interest Income Recognized
With an allowance recorded	65	82
With no related allowance	194	168
Total	259	250
Municipal, consumer, and other
Unpaid Principal Balance
With an allowance recorded	9,202	230
With no related allowance	4,809	184
Total	14,011	414
Recorded Investment
With an allowance recorded	9,175	231
With no related allowance	4,795	185
Total	13,970	416
Related Allowance	3,082	67
Average Recorded Investment
With an allowance recorded	9,202	302
With no related allowance	4,871	297
Total	14,073	599
Interest Income Recognized
With an allowance recorded	103	5
With no related allowance	71	5
Total	$ 174	$ 10

LOANS AND THE ALLOWANCE FOR L_7

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Past Due Status (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accruing Interest
Current	$ 2,144,170	$ 2,119,814
Nonaccrual	18,977	15,876
Total Loans	2,171,014	2,144,257
30 - 89 Days Past Due
Accruing Interest
Past due	7,076	5,803
90+ Days Past Due
Accruing Interest
Past due	791	2,764
Commercial and industrial
Accruing Interest
Current	334,983	356,481
Nonaccrual	4,827	2,151
Total Loans	340,650	360,501
Commercial and industrial | 30 - 89 Days Past Due
Accruing Interest
Past due	811	122
Commercial and industrial | 90+ Days Past Due
Accruing Interest
Past due	29	1,747
Agricultural and farmland
Accruing Interest
Current	198,506	207,791
Nonaccrual	6,165	1,976
Total Loans	205,041	209,875
Agricultural and farmland | 30 - 89 Days Past Due
Accruing Interest
Past due	370	108
Commercial real estate - owner occupied
Accruing Interest
Current	235,322	249,698
Nonaccrual	1,181	4,654
Total Loans	239,805	255,074
Commercial real estate - owner occupied | 30 - 89 Days Past Due
Accruing Interest
Past due	3,118	538
Commercial real estate - owner occupied | 90+ Days Past Due
Accruing Interest
Past due	184	184
Commercial real estate - non-owner occupied
Accruing Interest
Current	551,393	532,241
Nonaccrual	578	611
Total Loans	552,262	533,910
Commercial real estate - non-owner occupied | 30 - 89 Days Past Due
Accruing Interest
Past due	225	1,058
Commercial real estate - non-owner occupied | 90+ Days Past Due
Accruing Interest
Past due	66
Multi-family
Accruing Interest
Current	190,157	134,368
Nonaccrual	1,334
Total Loans	191,646	135,925
Multi-family | 30 - 89 Days Past Due
Accruing Interest
Past due		1,361
Multi-family | 90+ Days Past Due
Accruing Interest
Past due	155	196
Construction and land development
Accruing Interest
Current	210,746	236,798
Nonaccrual	53	395
Total Loans	210,939	237,275
Construction and land development | 30 - 89 Days Past Due
Accruing Interest
Past due	140	82
One-to-four family residential
Accruing Interest
Current	314,807	304,439
Nonaccrual	4,638	5,915
Total Loans	321,947	313,108
One-to-four family residential | 30 - 89 Days Past Due
Accruing Interest
Past due	2,145	2,154
One-to-four family residential | 90+ Days Past Due
Accruing Interest
Past due	357	600
Municipal, consumer, and other
Accruing Interest
Current	108,256	97,998
Nonaccrual	201	174
Total Loans	108,724	98,589
Municipal, consumer, and other | 30 - 89 Days Past Due
Accruing Interest
Past due	$ 267	380
Municipal, consumer, and other | 90+ Days Past Due
Accruing Interest
Past due		$ 37

LOANS AND THE ALLOWANCE FOR L_8

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Assigned Risk Ratings (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	$ 2,171,014	$ 2,144,257
Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	1,974,259	1,945,019
Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	121,445	127,595
Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	75,310	71,643
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	340,650	360,501
Commercial and industrial | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	306,285	315,815
Commercial and industrial | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	22,524	35,176
Commercial and industrial | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	11,841	9,510
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	205,041	209,875
Agricultural and farmland | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	178,777	185,598
Agricultural and farmland | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	9,577	12,116
Agricultural and farmland | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	16,687	12,161
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	239,805	255,074
Commercial real estate - owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	206,456	217,017
Commercial real estate - owner occupied | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	21,122	17,845
Commercial real estate - owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	12,227	20,212
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	552,262	533,910
Commercial real estate - non-owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	503,137	486,859
Commercial real estate - non-owner occupied | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	46,735	39,231
Commercial real estate - non-owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	2,390	7,820
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	191,646	135,925
Multi-family | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	188,392	131,583
Multi-family | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	1,765	2,468
Multi-family | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	1,489	1,874
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	210,939	237,275
Construction and land development | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	202,554	227,775
Construction and land development | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	5,233	5,663
Construction and land development | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	3,152	3,837
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	321,947	313,108
One-to-four family residential | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	294,322	282,704
One-to-four family residential | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	14,072	14,599
One-to-four family residential | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	13,553	15,805
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	108,724	98,589
Municipal, consumer, and other | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	94,336	97,668
Municipal, consumer, and other | Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	417	497
Municipal, consumer, and other | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total Loans	$ 13,971	$ 424

LOANS AND THE ALLOWANCE FOR L_9

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Financial Effect of Troubled Debt Restructurings (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Dec. 31, 2018USD ($)
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan		6	7	9
Recorded Investment, Pre-Modification		$ 6,362,000	$ 1,099,000	$ 6,870,000
Recorded Investment, Post-Modification		6,377,000	1,099,000	6,911,000
Charge-offs and Specific Reserves		$ 503,000		$ 684,000
Troubled debt restructurings	$ 9,919,000		$ 9,919,000		$ 13,362,000
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan		1	3	2
Recorded Investment, Pre-Modification		$ 120,000	$ 516,000	$ 296,000
Recorded Investment, Post-Modification		120,000	$ 516,000	296,000
Charge-offs and Specific Reserves		$ 35,000		$ 157,000
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan		1	2	1
Recorded Investment, Pre-Modification		$ 171,000	$ 392,000	$ 171,000
Recorded Investment, Post-Modification		$ 171,000	$ 392,000	$ 171,000
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan		2	1	2
Recorded Investment, Pre-Modification		$ 5,173,000	$ 170,000	$ 5,173,000
Recorded Investment, Post-Modification		5,189,000	$ 170,000	5,189,000
Charge-offs and Specific Reserves		$ 47,000		$ 47,000
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan	1	2	1	4
Recorded Investment, Pre-Modification	$ 21,000	$ 898,000	$ 21,000	$ 1,230,000
Recorded Investment, Post-Modification	$ 21,000	897,000	$ 21,000	1,255,000
Charge-offs and Specific Reserves		$ 421,000		$ 480,000

LOANS AND THE ALLOWANCE FOR _10

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Accretable Yield For Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Changes in accretable yield for loans acquired with deteriorated credit quality
Beginning balance	$ 1,633	$ 1,474	$ 2,101	$ 2,723
Reclassification from non-accretable difference	129	179	536	608
Accretion income	(231)	(691)	(1,106)	(2,369)
Ending balance	$ 1,531	$ 962	$ 1,531	$ 962

LOAN SERVICING - Mortgage Servi

LOAN SERVICING - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance			$ 10,918
Ending balance	$ 7,936		7,936		$ 10,918
Mortgage Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance	8,796	$ 10,656	10,918	$ 10,289	10,289
Capitalized servicing rights	344	259	720	687
Fair value adjustment	(1,204)	(352)	(3,702)	(413)
Ending balance	$ 7,936	$ 10,563	7,936	$ 10,563	10,918
Mortgage loans serviced for others			$ 1,164,738		$ 1,229,953

FORECLOSED ASSETS - Activity (D

FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
FORECLOSED ASSETS
Beginning balance	$ 9,707	$ 11,916	$ 9,559	$ 16,545
Transfers from loans	27		1,788	1,889
Capitalized improvements	41		41
Proceeds from sales	(3,173)	(1,545)	(4,142)	(6,092)
Sales through loan origination			(360)	(1,174)
Net gain (loss) on sales	135	39	240	(281)
Direct write-downs	(163)	(234)	(552)	(711)
Ending balance	$ 6,574	$ 10,176	$ 6,574	$ 10,176

FORECLOSED ASSETS - Additional

FORECLOSED ASSETS - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)loan	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
FORECLOSED ASSETS
Gain on settlement	$ 0	$ 0	$ 375	$ 0
Carrying value of foreclosed asset	6,574	$ 10,176	6,574	$ 10,176	$ 9,559	$ 9,707	$ 11,916	$ 16,545
One-to-four family residential real estate property
FORECLOSED ASSETS
Carrying value of foreclosed asset	2,268		$ 2,268		$ 2,558
Number of loans in the process of foreclosure | loan			16		14
Loan amount in the process of foreclosure	$ 725		$ 725		$ 1,097

DEPOSITS - Interest bearing Dep

DEPOSITS - Interest bearing Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
DEPOSITS
Interest-bearing demand	$ 800,471	$ 856,919
Money market	463,444	427,730
Savings	426,707	421,698
Time	364,120	424,747
Total interest-bearing deposits	$ 2,054,742	$ 2,131,094

DEPOSITS - Interest bearing D_2

DEPOSITS - Interest bearing Deposits Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
DEPOSITS
Reciprocal transaction deposits, Money market deposits	$ 16,315	$ 20,512
Reciprocal transaction deposits, Time deposits	3,534	4,895
Time deposits in denominations of $250,000 or more	32,075	36,875
Time deposits in denominations of $100,000 or more	$ 124,850	$ 153,717

DEPOSITS - Interest expense on

DEPOSITS - Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
DEPOSITS
Interest-bearing demand	$ 347	$ 377	$ 1,175	$ 964
Money market	497	165	1,356	491
Savings	70	70	207	213
Time	1,086	1,007	3,356	2,547
Total interest expense on deposits	$ 2,000	$ 1,619	$ 6,094	$ 4,215

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
BORROWINGS
Borrowings	$ 0	$ 0
Loans pledged, served as collateral	528,250	538,537
Loans pledged in association with Mortgage Partnership Finance Program	355	355
FHLB Line of credit
BORROWINGS
Borrowings	0	0
FRB Line of credit
BORROWINGS
Borrowings	0	0
Loans pledged, served as collateral	$ 520	$ 490

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)subsidiary	Dec. 31, 2018USD ($)
SUBORDINATED DEBENTURES
Number of subsidiary business trusts | subsidiary	5
Subordinated debentures	$ 37,566	$ 37,517
Heartland Bancorp, Inc. Capital Trust B
SUBORDINATED DEBENTURES
Subordinated debentures	10,310	10,310
Heartland Bancorp, Inc. Capital Trust C
SUBORDINATED DEBENTURES
Subordinated debentures	10,310	10,310
Heartland Bancorp, Inc. Capital Trust D
SUBORDINATED DEBENTURES
Subordinated debentures	5,155	5,155
FFBI Capital Trust I
SUBORDINATED DEBENTURES
Subordinated debentures	7,217	7,217
National Bancorp Statutory Trust I
SUBORDINATED DEBENTURES
Subordinated debentures	$ 4,574	$ 4,525

SUBORDINATED DEBENTURES - Inter

SUBORDINATED DEBENTURES - Interest rate and maturities (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Heartland Bancorp, Inc. Capital Trust B
SUBORDINATED DEBENTURES
Variable Interest Rate Basis	LIBOR	LIBOR
Interest Rate	5.05%	5.19%
Heartland Bancorp, Inc. Capital Trust B | LIBOR
SUBORDINATED DEBENTURES
Spread on interest rate basis	2.75%
Heartland Bancorp, Inc. Capital Trust C
SUBORDINATED DEBENTURES
Variable Interest Rate Basis	LIBOR	LIBOR
Interest Rate	3.65%	4.32%
Heartland Bancorp, Inc. Capital Trust C | LIBOR
SUBORDINATED DEBENTURES
Spread on interest rate basis	1.53%
Heartland Bancorp, Inc. Capital Trust D
SUBORDINATED DEBENTURES
Variable Interest Rate Basis	LIBOR	LIBOR
Interest Rate	3.47%	4.14%
Heartland Bancorp, Inc. Capital Trust D | LIBOR
SUBORDINATED DEBENTURES
Spread on interest rate basis	1.35%
FFBI Capital Trust I
SUBORDINATED DEBENTURES
Variable Interest Rate Basis	LIBOR	LIBOR
Interest Rate	5.10%	5.24%
FFBI Capital Trust I | LIBOR
SUBORDINATED DEBENTURES
Spread on interest rate basis	2.80%
National Bancorp Statutory Trust I
SUBORDINATED DEBENTURES
Variable Interest Rate Basis	LIBOR	LIBOR
Interest Rate	5.02%	5.69%
National Bancorp Statutory Trust I | LIBOR
SUBORDINATED DEBENTURES
Spread on interest rate basis	2.90%

SUBORDINATED DEBENTURES - Narra

SUBORDINATED DEBENTURES - Narrative (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)period
SUBORDINATED DEBENTURES
Maximum deferred interest period quarters | period	10
Period shorten the maturity date from the event	90 days
Trust preferred securities qualified as Tier 1 capital	100.00%
National Bancorp Statutory Trust I
SUBORDINATED DEBENTURES
Contractual obligation | $	$ 5,773

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($)	Jun. 25, 2019	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
DERIVATIVE FINANCIAL INSTRUMENTS
Cash pledged		$ 960,000
Securities pledged		12,758,000		$ 589,000
Interest rate swap | Variable-rate borrowings
DERIVATIVE FINANCIAL INSTRUMENTS
Notional amount		117,660,000		112,947,000
Interest rate swap | Cash flow hedge | Variable-rate borrowings
DERIVATIVE FINANCIAL INSTRUMENTS
Notional amount		17,000,000	$ 10,000,000	10,000,000
Amount received	$ 174,000
Unrealized gain		76,000
Offsetting interest rate swap contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Notional amount		$ 117,660,000		$ 112,947,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Derivative instrument assets and liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Designated | Cash flow hedge
DERIVATIVE FINANCIAL INSTRUMENTS
Total	$ (898)	$ 151
Designated | Cash flow hedge | Other assets
DERIVATIVE FINANCIAL INSTRUMENTS
Fair value recorded in other assets		151
Designated | Cash flow hedge | Other liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Fair value recorded in other liabilities	(898)
Not designated | Interest rate swap | Other assets
DERIVATIVE FINANCIAL INSTRUMENTS
Fair value recorded in other assets	11,766	3,074
Not designated | Interest rate swap | Other liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Fair value recorded in other liabilities	$ (11,766)	$ (3,074)

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts designated as cash flow hedges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	$ 24	$ 39	$ 76	$ 137
Cash flow hedge
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	24	39	76	137
Cash flow hedge | Taxable loan interest income
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	33	$ 39	83	$ 137
Cash flow hedge | Subordinated debentures interest expense
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	$ (9)		$ (7)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts not designated as hedging instruments (Details) - Not designated - Interest rate swap - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
DERIVATIVE FINANCIAL INSTRUMENTS
Gross gains	$ 4,151	$ 136	$ 10,196	$ 1,459
Gross losses	$ (4,151)	$ (136)	(10,159)	$ (1,459)
Net gains (losses)			$ 37

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	$ 339,870	$ 325,030	$ 340,396	$ 323,916
Adoption of ASU 2016-01		(122)		(122)
Other comprehensive income (loss) before reclassifications	1,081	(3,209)	13,016	(12,576)
Reclassifications	(86)	(400)	(297)	(686)
Other comprehensive income (loss)	995	(3,609)	12,719	(13,262)
Balance	348,936	329,857	348,936	329,857
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	7,436	(10,150)	(4,288)	(375)
Adoption of ASU 2016-01		(122)		(122)
Other comprehensive income (loss)	995	(3,609)	12,719	(13,262)
Balance	8,431	(13,759)	8,431	(13,759)
Unrealized gains (losses) on available-for-sale securities
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	8,063	(10,672)	(4,561)	(1,288)
Adoption of ASU 2016-01		(122)		(122)
Other comprehensive income (loss) before reclassifications	1,289	(3,196)	13,913	(12,458)
Reclassifications		(262)		(262)
Other comprehensive income (loss)	1,289	(3,458)	13,913	(12,720)
Balance	9,352	(14,130)	9,352	(14,130)
Unrealized gains (losses) on held-to-maturity securities
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	(37)	316	122	504
Reclassifications	(62)	(99)	(221)	(287)
Other comprehensive income (loss)	(62)	(99)	(221)	(287)
Balance	(99)	217	(99)	217
Derivatives
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	(590)	206	151	409
Other comprehensive income (loss) before reclassifications	(208)	(13)	(897)	(118)
Reclassifications	(24)	(39)	(76)	(137)
Other comprehensive income (loss)	(232)	(52)	(973)	(255)
Balance	$ (822)	$ 154	$ (822)	$ 154

DEFERRED COMPENSATION (Details)

DEFERRED COMPENSATION (Details) - SERP - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
DEFERRED COMPENSATION
Deferred compensation liability	$ 13,201		$ 13,201		$ 9,179
Deferred compensation expense	$ 968	$ 126	$ 4,533	$ 379
Period over which SERP benefit payments to be paid			30 years

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details)	Sep. 01, 2019$ / sharesshares	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)$ / sharesshares	Sep. 30, 2019USD ($)installment$ / sharesshares	Sep. 30, 2018USD ($)$ / shares	Nov. 20, 2019$ / shares	Oct. 10, 2019$ / shares	Oct. 09, 2019shares	Jun. 30, 2019$ / shares	Dec. 31, 2018USD ($)$ / shares	Jun. 30, 2018$ / shares	Dec. 31, 2017$ / shares
STOCK-BASED COMPENSATION PLANS
Special dividend per share | $ / shares						$ 9.43	$ 9.43
Performance Shares
STOCK-BASED COMPENSATION PLANS
Granted (in units)		110,160		110,160
Granted (in dollars per unit) | $ / shares		$ 25.75		$ 25.75
Stock appreciation rights plan liability recorded for the outstanding units | $		$ 0		$ 0						$ 1,884,000
Compensation expense (benefit) | $		64,000	$ 482,000	(51,000)	$ 540,000
Unrecognized compensation cost related to non-vested stock-based compensation agreements | $		0		0						0
Stock appreciation rights plan liability recorded for the previously exercised units | $		$ 1,674,000		$ 1,674,000						$ 176,000
Number of equal annual instalments in which the liability recorded for previously exercised units will be paid | installment				5
Outstanding (in dollars per unit) | $ / shares		$ 25.75	$ 5.73	$ 25.75	$ 5.73	$ 16.32			$ 7.46	$ 5.73	$ 5.73	$ 5.66
Performance Shares | Key employees
STOCK-BASED COMPENSATION PLANS
Granted (in units)	110,160
Granted (in dollars per unit) | $ / shares	$ 25.75
Fully vested on grant date	79,560
Vest ratable (in units)	30,600
Vesting period	4 years
Omnibus Incentive Plan
STOCK-BASED COMPENSATION PLANS
Authorized number of shares								1,820,000

STOCK-BASED COMPENSATION PLAN_3

STOCK-BASED COMPENSATION PLANS - Summary (Details) - Performance Shares - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Units
Outstanding (in units)	42,840	91,800	91,800	116,280
Granted (in units)	110,160		110,160
Exercised (in units)	(42,840)		(91,800)	(24,480)
Outstanding (in units)	110,160	91,800	110,160	91,800
Exercisable (in shares)	79,560		79,560		91,800
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 7.46	$ 5.73	$ 5.73	$ 5.66
Granted (in dollars per unit)	25.75		25.75
Exercised (in dollars per unit)	7.46		5.73	5.43
Outstanding (in dollars per unit)	25.75	$ 5.73	25.75	$ 5.73
Exercisable (in dollars per unit)	$ 25.75		$ 25.75		$ 5.73

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	2.50%	1.875%
Heartland Bank
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount	$ 329,689	$ 332,391
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	184,457	184,127
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	230,572	230,159
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	309,145	313,406
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	138,343	138,095
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	184,457	184,127
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	309,145	313,406
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	103,757	103,572
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	149,871	149,603
Tier 1 Capital (to Average Assets), Actual Amount	309,145	313,406
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	112,366	113,668
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 140,458	$ 142,085
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	14.30%	14.44%
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	13.41%	13.62%
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	6.00%	6.00%
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	8.00%	8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	13.41%	13.62%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	4.50%	4.50%
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	6.50%	6.50%
Tier 1 Capital (to Average Assets), Actual Ratio (as a percent)	11.00%	11.03%
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Tier 1 Capital (to Average Assets), To Be well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5.00%	5.00%
Lincoln Bank
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount	$ 37,349	$ 38,059
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	15,031	14,488
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	18,789	18,110
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	35,132	36,535
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	11,274	10,866
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	15,031	14,488
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	35,132	36,535
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	8,455	8,150
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	12,213	11,772
Tier 1 Capital (to Average Assets), Actual Amount	35,132	36,535
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	14,104	14,319
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 17,631	$ 17,899
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	19.88%	21.02%
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	18.70%	20.17%
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	6.00%	6.00%
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	8.00%	8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	18.70%	20.17%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	4.50%	4.50%
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	6.50%	6.50%
Tier 1 Capital (to Average Assets), Actual Ratio (as a percent)	9.96%	10.21%
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Tier 1 Capital (to Average Assets), To Be well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5.00%	5.00%
Consolidated HBT
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount	$ 371,681	$ 372,472
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	199,798	198,730
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	348,920	351,963
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	149,848	149,047
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	312,519	315,611
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	112,386	111,785
Tier 1 Capital (to Average Assets), Actual Amount	348,920	351,963
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	$ 126,601	$ 130,393
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	14.88%	14.99%
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	13.97%	14.17%
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	6.00%	6.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	12.51%	12.71%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	4.50%	4.50%
Tier 1 Capital (to Average Assets), Actual Ratio (as a percent)	11.02%	10.80%
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring basis (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
FAIR VALUE OF FINANCIAL INSTRUMENTS
Transfer of assets from level 1 to level 2	$ 0	$ 0	$ 0	$ 0
Transfer of assets from level 2 to level 1	0	0	0	0
Transfer of assets in to level 3	0	0	0	0
Transfer of assets out of level 3	0	0	0	0
Transfer of liabilities from level 1 to level 2	0	0	0	0
Transfer of liabilities from level 2 to level 1	0	0	0	0
Transfer of liabilities in to level 3	0	0	0	0
Transfer of liabilities out of level 3	0	$ 0	0	$ 0
Securities available-for-sale, at fair value	618,120		618,120		$ 679,526
Equity securities	3,251		3,251		3,081
Fair value	7,936		7,936		10,918
U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	39,574		39,574		46,866
Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	152,499		152,499		161,450
Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	218,246		218,246		234,303
Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	129,449		129,449		150,081
Mortgage-backed: Private-label
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	22		22		256
Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	78,330		78,330		86,570
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,251		3,251		3,081
Fair value	7,936		7,936		10,918
Derivative financial assets	11,766		11,766		3,225
Derivative financial liabilities	12,664		12,664		3,074
Recurring | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	39,574		39,574		46,866
Recurring | Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	152,499		152,499		161,450
Recurring | Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	218,246		218,246		234,303
Recurring | Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	129,449		129,449		150,081
Recurring | Mortgage-backed: Private-label
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	22		22		256
Recurring | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	78,330		78,330		86,570
Recurring | Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,251		3,251		3,081
Recurring | Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivative financial assets	11,766		11,766		3,225
Derivative financial liabilities	12,664		12,664		3,074
Recurring | Level 2 | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	39,574		39,574		46,866
Recurring | Level 2 | Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	152,499		152,499		161,450
Recurring | Level 2 | Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	218,246		218,246		234,303
Recurring | Level 2 | Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	129,449		129,449		150,081
Recurring | Level 2 | Mortgage-backed: Private-label
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	22		22		256
Recurring | Level 2 | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Securities available-for-sale, at fair value	78,330		78,330		86,570
Recurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 7,936		$ 7,936		$ 10,918

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Mortgage Servicing Rights (Details) $ in Thousands	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 7,936	$ 10,918
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	7,936	10,918
Recurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 7,936	$ 10,918
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Recurring | Level 3 | Constant pre-payment rates (CPR)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 7,936	$ 10,918
Recurring | Level 3 | Constant pre-payment rates (CPR) | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.0710	0.0750
Recurring | Level 3 | Constant pre-payment rates (CPR) | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.6850	0.8760
Recurring | Level 3 | Constant pre-payment rates (CPR) | Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.141	0.089
Recurring | Level 3 | Discount rate | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.09	0.09
Recurring | Level 3 | Discount rate | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.11	0.11
Recurring | Level 3 | Discount rate | Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.090	0.090

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	$ 7,608	$ 2,800
Collateral-dependent impaired loans	13,124	7,355
Bank premises held for sale	121	749
Foreclosed assets	6,574	9,559
Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	7,608	2,800
Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Collateral-dependent impaired loans	13,124	7,355
Bank premises held for sale	121	749
Foreclosed assets	$ 6,574	$ 9,559

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable inputs used in nonrecurring measurements (Details) - Nonrecurring - Level 3 $ in Thousands	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Collateral-dependent impaired loans
FAIR VALUE OF FINANCIAL INSTRUMENTS
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Collateral-dependent impaired loans | Appraisal of collateral
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 13,124	$ 7,355
Collateral-dependent impaired loans | Appraisal of collateral | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.20	0.20
Collateral-dependent impaired loans | Appraisal of collateral | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.40	0.40
Collateral-dependent impaired loans | Appraisal of collateral | Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.25	0.25
Bank premises held for sale
FAIR VALUE OF FINANCIAL INSTRUMENTS
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Bank premises held for sale | Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 121	$ 749
Measurement input	0.07	0.07
Bank premises held for sale | Appraisal | Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.07	0.07
Foreclosed assets
FAIR VALUE OF FINANCIAL INSTRUMENTS
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Foreclosed assets | Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 6,574	$ 9,559
Measurement input	0.07	0.07
Foreclosed assets | Appraisal | Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.07	0.07

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial assets:
Securities held-to-maturity fair value	$ 102,378	$ 121,506
Level 1 | Carrying Amount
Financial assets:
Cash and cash equivalents	154,941	186,879
Interest-bearing time deposits with banks	248	248
Level 1 | Estimated Fair Value
Financial assets:
Cash and cash equivalents	154,941	186,879
Interest-bearing time deposits with banks	248	248
Level 2 | Carrying Amount
Financial assets:
Securities held-to-maturity fair value	99,861	121,715
Accrued interest receivable	14,816	15,300
Financial liabilities:
Securities sold under agreements to repurchase	32,267	46,195
Accrued interest payable	1,172	1,207
Level 2 | Estimated Fair Value
Financial assets:
Securities held-to-maturity fair value	102,378	121,506
Accrued interest receivable	14,816	15,300
Financial liabilities:
Securities sold under agreements to repurchase	32,267	46,195
Accrued interest payable	1,172	1,207
Level 3 | Carrying Amount
Financial assets:
Restricted stock	2,425	2,719
Loans, net	2,148,253	2,123,748
Investments in unconsolidated subsidiaries	1,165	1,165
Financial liabilities:
Time deposits	364,120	424,747
Subordinated debentures	37,566	37,517
Level 3 | Estimated Fair Value
Financial assets:
Restricted stock	2,425	2,719
Loans, net	2,185,888	2,125,698
Investments in unconsolidated subsidiaries	1,165	1,165
Financial liabilities:
Time deposits	362,593	419,333
Subordinated debentures	$ 31,754	$ 32,149

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Standby letters of credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 8,666	$ 10,358
Commitments to extend credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 542,620	$ 524,112