HBT Financial (HBT) 10-K 12 Mar 21 2020 FY Annual report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Feb. 28, 2021	Jun. 30, 2020
DOCUMENT AND ENTITY INFORMATION
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Entity Registrant Name	HBT Financial, Inc.
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HBT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Entity Public Float			$ 128.7
Entity Common Stock, Shares Outstanding		27,411,281
Entity Central Index Key	0000775215
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 24,912	$ 22,112
Interest-bearing deposits with banks	287,539	261,859
Cash and cash equivalents	312,451	283,971
Interest-bearing time deposits with banks		248
Debt securities available-for-sale, at fair value	922,869	592,404
Debt securities held-to-maturity (fair value of $72,441 in 2020 and $90,529 in 2019)	68,395	88,477
Equity securities	4,844	4,389
Restricted stock, at cost	2,498	2,425
Loans held for sale	14,713	4,531
Loans, net of allowance for loan losses of $31,838 in 2020 and $22,299 in 2019	2,215,168	2,141,527
Bank premises and equipment, net	52,904	53,987
Bank premises held for sale	121	121
Foreclosed assets	4,168	5,099
Goodwill	23,620	23,620
Core deposit intangible assets, net	2,798	4,030
Mortgage servicing rights, at fair value	5,934	8,518
Investments in unconsolidated subsidiaries	1,165	1,165
Accrued interest receivable	14,255	13,951
Other assets	20,664	16,640
Total assets	3,666,567	3,245,103
Deposits:
Noninterest-bearing	882,939	689,116
Interest-bearing	2,247,595	2,087,739
Total deposits	3,130,534	2,776,855
Securities sold under agreements to repurchase	45,736	44,433
Subordinated notes	39,238
Junior subordinated debentures issued to capital trusts	37,648	37,583
Other liabilities	49,494	53,314
Total liabilities	3,302,650	2,912,185
COMMITMENTS AND CONTINGENCIES (Notes 11 and 23)
Stockholders' Equity
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 125,000,000 shares authorized; 27,457,306 shares issued and outstanding	275	275
Surplus	190,875	190,524
Retained earnings	154,614	134,287
Accumulated other comprehensive income	18,153	7,832
Total stockholders’ equity	363,917	332,918
Total liabilities and stockholders’ equity	$ 3,666,567	$ 3,245,103

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity
Debt securities held-to-maturity	$ 72,441	$ 90,529
Allowance for loan losses	$ 31,838	$ 22,299
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	27,457,306	27,457,306
Common stock, shares outstanding	27,457,306	27,457,306

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans, including fees:
Taxable	$ 102,893	$ 117,296	$ 111,349
Federally tax exempt	2,303	2,846	2,685
Securities:
Taxable	13,179	14,854	14,459
Federally tax exempt	4,696	5,728	7,154
Interest-bearing deposits in bank	938	2,951	1,717
Other interest and dividend income	56	60	68
Total interest and dividend income	124,065	143,735	137,432
INTEREST EXPENSE
Deposits	4,221	7,932	5,887
Securities sold under agreements to repurchase	48	72	48
Borrowings	2	9	260
Subordinated notes	616
Junior subordinated debentures issued to capital trusts	1,573	1,922	1,795
Total interest expense	6,460	9,935	7,990
Net interest income	117,605	133,800	129,442
PROVISION FOR LOAN LOSSES	10,532	3,404	5,697
Net interest income after provision for loan losses	107,073	130,396	123,745
NONINTEREST INCOME
Mortgage servicing	2,978	3,143	3,261
Mortgage servicing rights fair value adjustment	(2,584)	(2,400)	629
Gains on sale of mortgage loans	8,835	3,092	2,872
Gains (losses) on securities	33	(5)	(2,663)
Gains (losses) on foreclosed assets	142	940	(1,337)
Gains (losses) on other assets	(71)	1,244	787
Other noninterest income	3,812	4,108	3,560
Total noninterest income	34,456	32,751	31,240
NONINTEREST EXPENSE
Salaries	50,616	49,003	49,123
Employee benefits	8,045	9,883	6,759
Occupancy of bank premises	6,580	6,867	7,352
Furniture and equipment	2,447	2,813	3,000
Data processing	6,742	5,570	5,234
Marketing and customer relations	3,476	3,873	4,211
Amortization of intangible assets	1,232	1,423	1,559
FDIC insurance	707	198	942
Loan collection and servicing	1,755	2,633	2,710
Foreclosed assets	557	676	772
Other noninterest expense	9,799	8,087	8,655
Total noninterest expense	91,956	91,026	90,317
INCOME BEFORE INCOME TAX EXPENSE	49,573	72,121	64,668
INCOME TAX EXPENSE	12,728	5,256	869
NET INCOME	$ 36,845	$ 66,865	$ 63,799
EARNINGS PER SHARE - BASIC	$ 1.34	$ 3.33	$ 3.54
EARNINGS PER SHARE - DILUTED	$ 1.34	$ 3.33	$ 3.54
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING	27,457,306	20,090,270	18,047,332
Card income
NONINTEREST INCOME
Revenue	$ 8,087	$ 7,765	$ 7,381
Service charges on deposit accounts
NONINTEREST INCOME
Revenue	5,987	7,870	8,141
Wealth management fees
NONINTEREST INCOME
Revenue	$ 7,237	6,827	7,402
Title insurance activity
NONINTEREST INCOME
Revenue		$ 167	$ 1,207

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
UNAUDITED PRO FORMA C CORP EQUIVALENT INFORMATION (Note 1)
Historical income before income tax expense	$ 72,121	$ 64,668
Income tax benefit	5,256	869
NET INCOME	$ 66,865	$ 63,799
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - BASIC	$ 3.33	$ 3.54
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - DILUTED	$ 3.33	$ 3.54
Pro Forma
UNAUDITED PRO FORMA C CORP EQUIVALENT INFORMATION (Note 1)
Historical income before income tax expense	$ 72,121	$ 64,668
Income tax benefit	18,749	16,371
NET INCOME	$ 53,372	$ 48,297
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - BASIC	$ 2.66	$ 2.68
PRO FORMA C CORP EQUIVALENT EARNINGS PER SHARE - DILUTED	$ 2.66	$ 2.68

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$ 36,845	$ 66,865	$ 63,799
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gains (losses) on debt securities available-for-sale	15,272	12,458	(5,692)
Reclassification adjustment for losses on securities available-for-sale realized in income			2,541
Reclassification adjustment for amortization (accretion) of net unrealized gain (loss) on debt securities transferred to held-to-maturity	18	(264)	(382)
Unrealized losses on derivative instruments	(1,084)	(698)	(83)
Reclassification adjustment for net settlements on derivative instruments	238	(87)	(175)
Total other comprehensive income (loss), before tax	14,444	11,409	(3,791)
Income tax expense (benefit)	4,123	(711)
Total other comprehensive income (loss)	10,321	12,120	(3,791)
TOTAL COMPREHENSIVE INCOME	$ 47,166	$ 78,985	$ 60,008

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	VotingCommon Stock	Series A NonvotingCommon Stock	Surplus	Retained EarningsCumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings	Accumulated Other Comprehensive Income (Loss)Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-01	$ 3	$ 178	$ 32,288		$ 293,934		$ (375)	$ (2,112)	$ 323,916
Balance at Dec. 31, 2017	3	178	32,288		293,934		(375)	(2,112)	323,916
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-01	3	178	32,288	$ 122	315,234	$ (122)	(4,288)	(3,019)	340,396
Net income					63,799				63,799
Other comprehensive income							(3,791)		(3,791)
Cash dividends					(42,621)				(42,621)
Repurchase of common stock -Series A (43,180 shares)								(907)	(907)
Balance at Dec. 31, 2018	3	178	32,288	122	315,234	(122)	(4,288)	(3,019)	340,396
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-01	3	178	32,288	122	315,234	(122)	(4,288)	(3,019)	340,396
Adoption of ASU 2016-01	275	178	190,524	$ 122	134,287	$ (122)	7,832	(3,019)	332,918
Net income					66,865				66,865
Other comprehensive income							12,120		12,120
Cash dividends					(224,956)				(224,956)
Reclassification of undistributed S-Corp earnings			20,472		(20,472)
Issuance of common stock, net of issuance costs	95		138,398						138,493
Conversion of common stock	178	$ (178)
Cancelation of treasury stock	(1)		(634)		(2,384)			$ 3,019
Balance at Dec. 31, 2019	275		190,524		134,287		7,832		332,918
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-01	275		190,524		134,287		7,832		332,918
Adoption of ASU 2016-01	275		190,875		154,614		18,153		363,917
Net income					36,845				36,845
Other comprehensive income							10,321		10,321
Cash dividends					(16,474)				(16,474)
Reclassification of undistributed S-Corp earnings			351						351
Restricted stock unit cash dividend equivalents					(44)				(44)
Balance at Dec. 31, 2020	275		190,875		154,614		18,153		363,917
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-01	$ 275		$ 190,875		$ 154,614		$ 18,153		$ 363,917

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Stock Transactions, Parenthetical Disclosures [Abstract]
Repurchase of common stock (in shares)			43,180
Cash dividends	$ 0.60	$ 12.48	$ 2.36
Issuance of common stock (in shares)		9,429,794
Cancelation of treasury stock (in shares)		124,228
Restricted stock unit dividend (per unit)	$ 0.60

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 36,845	$ 66,865	$ 63,799
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	2,941	2,709	3,219
Provision for loan losses	10,532	3,404	5,697
Net amortization of debt securities	5,045	3,450	5,045
Amortization of unrealized gain on dedesignated cash flow hedge	(64)	(86)
Deferred income tax benefit	(339)	(2,695)
Stock-based compensation	351
Net accretion of discount and deferred loan fees on loans	(4,902)	(3,707)	(5,091)
Net realized loss on sales of securities			2,541
Net unrealized (gain) loss on equity securities	(33)	5	122
Net loss (gain) on sales of bank premises and equipment	2	(29)	6
Net gain on sales of bank premises held for sale		(448)	(734)
Impairment losses on bank premises held for sale		37	52
Net (gain) loss on sales of foreclosed assets	(348)	(1,048)	268
Gain on loan foreclosures			(96)
Write-down of foreclosed assets	213	563	1,165
Amortization of intangibles	1,232	1,423	1,559
Decrease in mortgage servicing rights	2,584	2,400	(629)
Amortization of discount and issuance costs on subordinated notes and debentures	92	66	66
Mortgage loans originated for sale	(370,112)	(150,652)	(128,514)
Proceeds from sale of mortgage loans	368,765	152,013	133,449
Net gain on sale of mortgage loans	(8,835)	(3,092)	(2,872)
Gain on sale of First Community Title Services, Inc.		(498)
(Increase) decrease in accrued interest receivable	(304)	1,349	(553)
(Increase) decrease in other assets	(1,090)	(516)	35
(Decrease) increase in other liabilities	(11,320)	17,579	1,460
Net cash provided by operating activities	31,255	89,092	79,994
CASH FLOWS FROM INVESTING ACTIVITIES
Net change in interest-bearing time deposits with banks	248		496
Proceeds from sales of securities available-for-sale			104,303
Proceeds from paydowns, maturities, and calls of debt securities	222,999	201,472	171,462
Purchase of securities	(523,559)	(73,117)	(189,412)
Net increase in loans	(80,278)	(17,950)	(29,375)
Purchase of restricted stock	(73)		(2,374)
Proceeds from redemption of restricted stock		294	2,531
Purchases of bank premises and equipment	(1,861)	(2,107)	(1,656)
Proceeds from sales of bank premises and equipment	1	176	10
Proceeds from sales of bank premises held for sale		1,039	2,252
Proceeds from sales of foreclosed assets	2,079	5,460	6,851
Capital improvements to foreclosed assets	(6)	(41)
Cash received from sale of First Community Title Services, Inc.		114
Net cash (used in) provided by investing activities	(380,450)	115,340	65,088
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	353,679	(19,115)	(59,715)
Net increase (decrease) in repurchase agreements	1,303	(1,762)	8,357
Repayment of Federal Home Loan Bank borrowings			(29,000)
Issuance of subordinated notes, net of issuance costs	39,211
Issuance of common stock, net of issuance costs		138,493
Repurchase of common stock			(907)
Cash dividends and dividend equivalents paid	(16,518)	(224,956)	(42,621)
Net cash provided by (used in) financing activities	377,675	(107,340)	(123,886)
NET INCREASE IN CASH AND CASH EQUIVALENTS	28,480	97,092	21,196
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	283,971	186,879	165,683
CASH AND CASH EQUIVALENTS AT END OF PERIOD	312,451	283,971	186,879
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	6,441	10,010	7,826
Cash paid for income taxes	17,451	880	851
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfers of loans to foreclosed assets	1,074	2,520	2,518
Sales of foreclosed assets through loan origination	$ 67	$ 2,046	$ 1,220

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES HBT Financial, Inc. (the Company) is headquartered in Bloomington, Illinois and is the holding company for Heartland Bank and Trust Company (Heartland Bank or the Bank). The Bank provides a comprehensive suite of business, commercial, wealth management and retail banking products and services to individuals, businesses, and municipal entities throughout Central and Northeastern Illinois. Additionally, the Company is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory agencies. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) and reporting practices applicable to the banking industry. Significant accounting policies are summarized below. 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. 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. Merger of State Bank of Lincoln into Heartland Bank On October 20, 2020, Heartland Bank and State Bank of Lincoln, both wholly-owned bank subsidiaries of the Company on that date, entered into a Bank Merger Agreement providing for the merger of State Bank of Lincoln into Heartland Bank. The merger was consummated on December 31, 2020, resulting in Heartland Bank being our sole bank subsidiary, with the branch locations in Lincoln, Illinois operating as “State Bank of Lincoln, a division of Heartland Bank and Trust Company.” Loan Payment Modifications Related to COVID-19 The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), along with a joint statement issued by banking regulatory agencies, provided that short-term loan payment modifications to borrowers experiencing financial hardship due to COVID-19 generally do not need to be accounted for as a troubled debt restructuring. As of December 31, 2020, the Company had loans totaling $27,986,000 that were granted a payment modification due to a COVID-19 related financial hardship and have not returned to regular payments. Substantially all modifications were in the form of a three-month interest-only period or a one-month payment deferral. Some borrowers have received more than one loan payment modification. Initial Public Offering On September 13, 2019, the Company filed a Registration Statement on Form S-1 with the Securities and Exchange Commission (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 $138,493,000. The proceeds were used to fund a $170 million special dividend, or $9.43 per share, to stockholders 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). Under the JOBS Act, emerging growth companies may also elect to delay adoption of new or revised accounting standards until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards and, therefore, the Company will not be subject to the same new or revised accounting standards as other public companies. 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. Basis of Consolidation The consolidated financial statements of HBT Financial, Inc. include the accounts of the Company and its wholly owned bank subsidiary, Heartland Bank. The Company also has five wholly owned subsidiaries, Heartland Bancorp, Inc. Capital Trust B, Heartland Bancorp, Inc. Capital Trust C, Heartland Bancorp, Inc. Capital Trust D, FFBI Capital Trust I, and National Bancorp Statutory Trust I, which, in accordance with GAAP, are not consolidated as more fully described in Note 13. Significant intercompany transactions and accounts have been eliminated in consolidation. Unaudited Pro Forma Income Statement Information Effective October 11, 2019, 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 state replacement taxes. The unaudited 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 years ended December 31, 2019 and 2018. The unaudited 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 years ended December 31, 2019 and 2018. The unaudited pro forma basic and diluted earnings per share information is computed using the unaudited pro forma C Corp equivalent net income and weighted average shares of common stock outstanding. There were no dilutive instruments outstanding during the years ended December 31, 2019 and 2018; therefore, the unaudited pro forma C Corp equivalent basic and diluted earnings per share amounts are the same. 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, goodwill, and income taxes. Business and Significant Concentrations of Credit Risk The Company provides several types of loans to individuals, businesses, and municipal entities primarily located in their customer service areas. Real estate and commercial loans are principal areas of concentration. The Company also strives to meet the borrowing needs of the consumers in its market areas. Extension of credit is generally limited to the primary trade areas of the Company. Primary deposit products of the Bank are noninterest-bearing and interest-bearing demand accounts, savings accounts, money market accounts, and term certificate of deposit accounts. Cash and Cash Equivalents For purposes of reporting consolidated cash flows, cash and cash equivalents include cash on hand and amounts due from banks, all of which have an original maturity within 90 days or less. Cash flows from loans and deposits are reported net. Interest-Bearing Time Deposits with Banks Interest-bearing time deposits with banks are carried at cost. Debt Securities Debt securities are classified as held-to-maturity when the Company has the positive intent and ability to hold the securities to maturity and are carried at amortized cost. Debt securities not classified as held-to-maturity are classified as available-for-sale. Debt securities available-for-sale are carried at fair value with unrealized gains and losses reported in accumulated other comprehensive income (loss). Realized gains and losses on debt securities available-for-sale are included in noninterest income when applicable and reported as a reclassification adjustment in other comprehensive income (loss). Gains and losses on sales of securities are determined using the specific identification method on the trade date. The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the period to maturity. Any transfers of debt securities into the held-to-maturity category from the available-for-sale category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer is retained in accumulated other comprehensive income (loss) and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the period to maturity. There were no such transfers in 2020, 2019, and 2018. Declines in the fair value of individual securities below their cost that are other-than-temporary result in write-downs of the individual securities to their fair value. The Company monitors the investment security portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other-than-temporary. This process involves analyzing the length of time and the extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the intent of the Company to not sell the security or whether it is more likely than not that the Company will be required to sell the security before its anticipated recovery. A decline in value due to a credit event that is considered other-than-temporary is recorded as a loss in noninterest income. Equity Securities Equity securities with readily determinable fair values are measured at fair value with changes in fair value recognized in gains (losses) on securities on the statements of income. The Company has elected to measure its equity securities with no readily determinable fair values at their cost minus impairment, if any, plus or minus charges resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Restricted Stock Restricted stock, which consists of Federal Home Loan Bank of Chicago (FHLB) stock, is carried at cost and evaluated for impairment. Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or fair value, as determined by aggregate outstanding commitments from investors or current investor yield. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Mortgage loans held for sale are generally sold with the mortgage servicing rights retained by the Company. The carrying value of mortgage loans sold is reduced by fair value allocated to the associated mortgage servicing rights. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loans sold. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for charge-offs and the allowance for loan losses, deferred loan fees or costs on originated loans, and unamortized premiums or discounts on acquired loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income if it was accrued during the current year and charged-off against the allowance for loan losses if accrued in a prior year. Amortization of related deferred loan fees or costs is also suspended at this time. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses The allowance for loan losses (allowance) is an estimate of loan losses inherent in the Company’s loan portfolio. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance. Loan losses are charged off against the allowance when the Company determines the loan balance to be uncollectible. Cash received on previously charged off amounts is recorded as a recovery to the allowance. The allowance consists of two primary components, general reserves and specific reserves related to impaired loans. The general component covers non-impaired loans and is based on historical losses adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent 16‑quarter period. This actual loss experience is adjusted for qualitative factors based on the risks present for each portfolio segment. These qualitative factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. These qualitative factors are inherently subjective and are driven by the repayment risk associated with each portfolio segment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Loans determined to be impaired are individually evaluated for impairment. When a loan is impaired, the Company generally measures impairment based on the fair value of the collateral, but also may use the present value of expected future cash flows discounted at the original contractual interest rate, when practical. Under certain circumstances, the Company will provide borrowers relief through loan restructurings. A restructuring of debt constitutes a troubled debt restructuring (TDR) if the Company for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal or interest due, or acceptance of other assets in full or partial satisfaction of the debt. In general, if the Company grants a TDR that involves either the absence of principal amortization or a material extension of an existing loan amortization period in excess of our underwriting standards, the loan will be placed on nonaccrual status. However, if a TDR is well secured by an abundance of collateral and the collectability of both interest and principal is probable, the loan may remain on accrual status. A nonaccrual TDR in full compliance with the payment requirements specified in the loan modification for at least six months may return to accrual status, if the collectability of both principal and interest is probable. All TDRs are individually evaluated for impairment. The Company assigns a risk rating to all loans and periodically performs detailed internal reviews of all such loans that are part of relationships with over $500,000 in total exposure to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to review by the Company’s regulators, external loan review, and internal loan review. During the internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate and the fair values of collateral securing the loans. The risk rating is reviewed annually, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. These credit quality indicators are used to assign a risk rating to each individual loan. Risk ratings are grouped into four major categories, defined as follows: Pass : A Pass loan is a credit with no existing or known potential weaknesses deserving of management’s close attention. Pass-Watch : A Pass-Watch loan is still considered a Pass credit and not a classified or criticized asset, but is a reflection of a borrower who exhibits credit weaknesses or downward trends warranting close attention and increased monitoring. These potential weaknesses may result in deterioration of the repayment prospects for the loan. No loss of principal or interest is expected, and the borrower does not pose sufficient risk to warrant classification. Substandard : A Substandard loan is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Loans classified as Substandard have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized as probable that the borrower will not pay principal and interest in accordance with the contractual terms. Doubtful : A Doubtful loan has all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company maintains a separate general valuation allowance for each portfolio segment. These portfolio segments include 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, with risk characteristics described as follows: Commercial and Industrial : Consists of loans typically granted for working capital, asset acquisition and other business purposes. These loans are underwritten primarily based on the borrower’s cash flow with most loans secondarily supported by collateral. Most commercial and industrial loans are secured by the assets being financed or other business assets, such as accounts receivable, inventory, and equipment, and are typically supported by personal guarantees of the owners. Cash flows and collateral values may fluctuate based on general economic conditions, specific industry conditions and specific borrower circumstances. Agricultural and Farmland : Consists of loans typically secured by farmland, agricultural operating assets, or a combination of both, and are generally underwritten to existing cash flows of operating agricultural businesses. Debt repayment is provided by business cash flows. Economic trends influenced by unemployment rates and other key economic indicators are not closely correlated to the credit quality of agricultural and farmland loans. The credit quality of these loans is most correlated to changes in prices of corn and soybeans and, to a lesser extent, weather, which has been partially mitigated by federal crop insurance programs. Commercial Real Estate - Owner Occupied : Consists of loans secured by commercial real estate that is both owned and occupied by the same or a related borrower. These loans are primarily underwritten based on the cash flow of the business occupying the property. As with commercial and industrial loans, cash flows and collateral values may fluctuate based on general economic conditions, specific industry conditions, and specific borrower circumstances. Commercial Real Estate - Non-owner Occupied : Consists of loans secured by commercial real estate for which the primary source of repayment is the sale or rental cash flows from the underlying collateral. These loans are underwritten based primarily on the historic or projected cash flow from the underlying collateral. Adverse economic developments or an overbuilt market typically impact commercial real estate projects. Trends in rental and vacancy rates of commercial properties impact the credit quality of these loans. Multi-family : Consists of loans secured by five or more unit apartment buildings. Multi-family loans may be affected by demographic and population trends, unemployment or underemployment, and deteriorating market values of real estate. Construction and Land Development : Consists of loans for speculative and pre-sold construction projects for developers intending to either sell upon completion or hold for long term investment, as well as construction of projects to be owner occupied. In addition, loans in this segment generally possess a higher inherent risk of loss than other portfolio segments due to risk of non-completion, changes in budgeted costs, and changes in market forces during the term of the construction period. One-to-four Family Residential : Consists of loans secured by one-to-four family residences, including both first and junior lien mortgage loans for owner occupied and non-owner occupied properties and home equity lines of credit. The degree of risk in residential mortgage lending depends on the local economy, including the local real estate market and unemployment rates. Municipal, Consumer and Other : Loans to municipalities include obligations of municipal entities and loans sponsored by municipal entities for the benefit of a private entity where that private entity, rather than the municipal entity, is responsible for repayment of the obligation. Consumer loans include loans to individuals for consumer purposes and typically consist of small balance loans. Economic trends determined by unemployment rates and other key economic indicators are closely correlated to the credit quality of the consumer loans. Loans to other financial institutions, as well as leases, are also included. Although management believes the allowance to be adequate, ultimate losses may vary from its estimates. At least quarterly, the Board of Directors reviews the adequacy of the allowance, including consideration of the relevant risks in the portfolio, current economic conditions and other factors. If the Board of Directors and management determine that changes are warranted based on those reviews, the allowance is adjusted. In addition, the Company’s regulators review the adequacy of the allowance and may require additions to the allowance based on their judgment about information available at the time of their examinations. Loans Acquired with Deteriorated Credit Quality Loans acquired that have evidence of deterioration in credit quality since origination and for which it is probable, at acquisition, that the Company will be unable to collect all contractually required payments receivable, are initially recorded at fair value (as determined by the present value of expected future cash flows) with no allowance for loan losses. Loans are evaluated by management at the time of purchase to determine if there is evidence of deterioration in credit quality since origination. Loans where there is evidence of deterioration of credit quality since origination may be aggregated and accounted for as a pool of loans if the loans being aggregated have common risk characteristics. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” is recognized as interest income over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” are not recognized as a yield adjustment. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent increases in expected cash flows result in a reversal of the provision for loan losses to the extent of prior charges or a reclassification of the difference from nonaccretable to accretable yield with a positive impact on interest income on a prospective basis. If the Company does not have the information necessary to reasonably estimate cash flows to be expected, it may use the cost recovery method or cash basis method of income recognition. Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Bank has entered into commitments to extend credit, including commitments under credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded. Goodwill and Other Intangible Assets Goodwill represents the excess of the original cost over the fair value of assets acquired and liabilities assumed. Goodwill is not amortized but instead is subject to an annual impairment evaluation. The Company has selected December 31 as the date to perform the annual impairment test. At December 31, 2020 and 2019, the Company’s evaluations of goodwill indicated that goodwill was not impaired. Additionally, due to the economic weakness resulting from the COVID-19 pandemic, the Company completed a quantitative assessment of goodwill as of March 31, 2020 which indicated that goodwill was not impaired. Further goodwill impairment evaluations, which may result in goodwill impairment, may be necessary if events or circumstance changes would more likely than not reduce the fair value of a reporting unit below its carrying amount. Other identifiable intangible assets consist of core deposit intangible assets with definite useful lives which are being amortized using straight-line and accelerated methods over 10 years. The Company will periodically review the status of core deposit intangible assets for any events or circumstances which may change the recoverability of the underlying basis. Loan Servicing The Company periodically sells mortgage loans on the secondary market with servicing retained. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds, and default rates and losses. Mortgage servicing rights are carried at fair value on the consolidated balance sheets and changes in fair value are recorded in mortgage servicing rights fair value adjustment on the consolidated statements of income. Bank Premises and Equipment Land is carried at cost. Bank premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed over the estimated useful lives of the individual assets using the straight-line method. Bank Premises Held for Sale Bank premises held for sale is carried at the lower of cost or fair value less estimated costs to sell. The bank premises are not depreciated while classified as held for sale. As of December 31, 2020 and 2019, the related branch buildings classified as held for sale totaled $121,000. During the year ended December 31, 2020, there were no impairment losses on bank premises held for sale. During the years ended December 31, 2019, and 2018, there were impairment losses of $37,000 and $52,000, respectively, included in gains (losses) on other assets on the consolidated statements of income. Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or fair value less estimated costs to sell. Wealth Management Assets and Fees Assets of the wealth management department of the Bank are not included in the consolidated balance sheets as such assets are not assets of the Company or the Bank. Fee income generated from wealth management services is recorded in the consolidated statements of income as a source of noninterest income. Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated cost to sell at the date of foreclosure, establishing a new cost basis. Any write-down based on the fair value of the asset at the date of acquisition is charged to the allowance for loan losses. If the fair value of the asset less estimated cost to sell exceeds the recorded investment in the loan at the date of foreclosure, the increase in value is charged to current year operations unless there has been a prior charge-off, in which case a recovery to the allowance for loan losses is recorded. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated cost to sell. Write-downs of foreclosed assets subsequent to foreclosure are charged to current year operations as are gains and losses from sale of foreclosed assets, as well as expenses to maintain and hold foreclosed assets. Employee Benefit Plans The Company sponsors a profit sharing plan under which the Company may contribute, at the discretion of the Board of Directors, a discretionary amount to all participating employees for the plan year. Participating employees are those employees in service on the valuation date who were employed on the last day of the plan year then ended, were on leave of absence on the last day of the plan year then ended, or any participant whose service was terminated during the plan year then ended due to retirement, disability, or death. A 401(k) feature also allows the Bank to make discretionary matching contributions in an amount up to 5% of compensation contributed by employees. Stock Based Compensation The Company recognizes compensation cost over the requisite service period, if any, which is generally defined as the vesting period. For awards classified as equity, compensation cost is based on the fair value of the awards on the grant date. For awards classified as liabilities, compensation cost also includes subsequent remeasurements of the fair value of the awards until the award is settled. The Company’s policy is to recognize forfeitures as they occur. Transfers of Financial Assets and Participating Interests Transfers of an entire financial asset or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (

RESTRICTED CASH AND DUE FROM BA

RESTRICTED CASH AND DUE FROM BANKS	12 Months Ended
	Dec. 31, 2020
RESTRICTED CASH AND DUE FROM BANKS
RESTRICTED CASH AND DUE FROM BANKS	NOTE 2 – RESTRICTED CASH AND DUE FROM BANKS The Federal Reserve Bank required the Bank to maintain balances on reserve of $23,100,000 as of December 31, 2019. There was no reserve requirement by the Federal Reserve Bank as of December 31, 2020.

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2020
SECURITIES
SECURITIES	NOTE 3 – SECURITIES The carrying balances of the securities were as follows: December 31, December 31, 2020 2019 (dollars in thousands) Debt securities available-for-sale $ 922,869 $ 592,404 Debt securities held-to-maturity 68,395 88,477 Equity securities: Readily determinable fair value 3,292 3,241 No readily determinable fair value 1,552 1,148 Total securities $ 996,108 $ 685,270 Sales of securities were as follows during the years ended December 31: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Proceeds from sales $ — — $ 104,303 Gross realized gains — — 281 Gross realized losses — — (2,822) Gains (losses) on securities were as follows during the years ended December 31: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Net realized losses on sales $ — — $ (2,541) Net unrealized gains (losses) on equity securities: Readily determinable fair value 33 160 (122) No readily determinable fair value — (165) — Gains (losses) on securities $ 33 (5) $ (2,663) The $165,000 unrealized loss on equity securities with no readily determinable fair value during the year ended December 31, 2019 reflects a downward adjustment based on observable price changes of an identical investment. Debt Securities The amortized cost and fair values of debt securities, with gross unrealized gains and losses, are as follows: December 31, 2020 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 118,282 $ 3,720 $ (9) $ 121,993 Municipal 265,309 9,232 (280) 274,261 Mortgage-backed: Agency residential 198,543 4,871 (162) 203,252 Agency commercial 246,649 4,651 (534) 250,766 Corporate 70,917 1,786 (106) 72,597 Total available-for-sale 899,700 24,260 (1,091) 922,869 Held-to-maturity: Municipal 22,484 1,390 — 23,874 Mortgage-backed: Agency residential 13,031 452 — 13,483 Agency commercial 32,880 2,222 (18) 35,084 Total held-to-maturity 68,395 4,064 (18) 72,441 Total debt securities $ 968,095 $ 28,324 $ (1,109) $ 995,310 December 31, 2019 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 49,113 $ 529 $ (27) $ 49,615 Municipal 131,241 2,503 (6) 133,738 Mortgage-backed: Agency residential 198,184 2,780 (286) 200,678 Agency commercial 133,730 1,516 (292) 134,954 Corporate 72,239 1,180 — 73,419 Total available-for-sale 584,507 8,508 (611) 592,404 Held-to-maturity: Municipal 45,239 1,340 — 46,579 Mortgage-backed: Agency residential 19,072 161 (170) 19,063 Agency commercial 24,166 775 (54) 24,887 Total held-to-maturity 88,477 2,276 (224) 90,529 Total debt securities $ 672,984 $ 10,784 $ (835) $ 682,933 As of December 31, 2020 and 2019, the Bank had securities with a carrying value of $308,064,000 and $284,895,000, 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 41% of the obligations of local municipalities portfolio consists of securities issued by municipalities located in Illinois as of December 31, 2020. Approximately 75% of such securities were general obligation issues as of December 31, 2020. The amortized cost and fair value of debt securities by contractual maturity, as of December 31, 2020, 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 Amortized Fair Value (dollars in thousands) Due in 1 year or less $ 28,332 $ 28,626 $ 1,396 $ 1,424 Due after 1 year through 5 years 82,778 85,859 13,895 14,806 Due after 5 years through 10 years 210,971 218,710 6,302 6,723 Due after 10 years 132,427 135,656 891 921 Mortgage-backed: Agency residential 198,543 203,252 13,031 13,483 Agency commercial 246,649 250,766 32,880 35,084 Total $ 899,700 $ 922,869 $ 68,395 $ 72,441 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 December 31: Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2020 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ (9) $ 5,919 $ — $ — $ (9) $ 5,919 Municipal (280) 19,652 — — (280) 19,652 Mortgage-backed: Agency residential (142) 20,387 (20) 4,490 (162) 24,877 Agency commercial (524) 57,126 (10) 3,449 (534) 60,575 Corporate (106) 4,849 — — (106) 4,849 Total available-for-sale (1,061) 107,933 (30) 7,939 (1,091) 115,872 Held-to-maturity: Mortgage-backed: Agency commercial (18) 2,983 — — (18) 2,983 Total held-to-maturity (18) 2,983 — — (18) 2,983 Total debt securities $ (1,079) $ 110,916 $ (30) $ 7,939 $ (1,109) $ 118,855 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2019 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ (26) $ 18,865 $ (1) $ 1,998 $ (27) $ 20,863 Municipal (6) 894 — — (6) 894 Mortgage-backed: Agency residential (108) 25,563 (178) 27,296 (286) 52,859 Agency commercial (100) 20,056 (192) 15,704 (292) 35,760 Total available-for-sale (240) 65,378 (371) 44,998 (611) 110,376 Held-to-maturity: Mortgage-backed: Agency residential (30) 2,516 (140) 9,002 (170) 11,518 Agency commercial (47) 7,016 (7) 599 (54) 7,615 Total held-to-maturity (77) 9,532 (147) 9,601 (224) 19,133 Total debt securities $ (317) $ 74,910 $ (518) $ 54,599 $ (835) $ 129,509 As of December 31, 2020, there were 8 securities in an unrealized loss position for a period of twelve months or more, and 60 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. Equity Securities The Company has elected to measure equity securities with no readily determinable fair value at cost minus impairment, if any, plus or minus changes resulting from observable price changes for identical or similar securities of the same issuer. The initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses, are as follows: Cumulative Net Unrealized December 31, 2020 Initial Cost Gains (Losses) Carrying Value (dollars in thousands) Readily determinable fair value $ 3,098 $ 194 $ 3,292 No readily determinable fair value 1,717 (165) 1,552 Total equity securities $ 4,815 $ 29 $ 4,844 Cumulative Net Unrealized December 31, 2019 Initial Cost Gains (Losses) Carrying Value (dollars in thousands) Readily determinable fair value $ 3,080 $ 161 $ 3,241 No readily determinable fair value 1,313 (165) 1,148 Total equity securities $ 4,393 $ (4) $ 4,389 As of December 31, 2020 and 2019, the cumulative net unrealized losses on equity securities with no readily determinable fair value reflects downward adjustments based on observable price changes of an identical investment. There have been no impairments or upward adjustments based on observable price changes to equity securities with no readily determinable fair value.

LOANS AND THE ALLOWANCE FOR LOA

LOANS AND THE ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2020
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 December 31, 2020 and 2019 are summarized as follows: December 31, December 31, 2020 2019 (dollars in thousands) Commercial and industrial $ 393,312 $ 307,175 Agricultural and farmland 222,723 207,776 Commercial real estate - owner occupied 222,360 231,162 Commercial real estate - non-owner occupied 520,395 579,757 Multi-family 236,391 179,073 Construction and land development 225,652 224,887 One-to-four family residential 306,775 313,580 Municipal, consumer, and other 119,398 120,416 Loans, before allowance for loan losses 2,247,006 2,163,826 Allowance for loan losses (31,838) (22,299) Loans, net of allowance for loan losses $ 2,215,168 $ 2,141,527 Paycheck Protection Program (PPP) loans (included above) Commercial and industrial $ 153,860 $ — Agricultural and farmland 3,049 — Municipal, consumer, and other 6,587 — Total PPP loans $ 163,496 $ — The following tables detail activity in the allowance for loan losses for the years ended December 31: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Industrial Farmland Occupied Occupied Multi-Family Development Residential 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 (532) 265 3,294 264 109 993 984 320 5,697 Charge-offs (1,446) — (2,352) (237) (194) (58) (1,415) (783) (6,485) Recoveries 315 — 54 141 — 260 490 272 1,532 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 1,139 146 (376) 1,110 153 (1,640) 513 2,359 3,404 Charge-offs (886) (30) (407) (111) (41) (9) (1,105) (684) (3,273) Recoveries 440 — 56 20 — 450 350 343 1,659 Balance, December 31, 2019 4,441 2,766 1,779 3,663 1,024 2,977 2,540 3,109 22,299 Provision for loan losses 677 (1,946) 961 7,862 933 1,032 (894) 1,907 10,532 Charge-offs (1,784) (27) (39) (349) — (27) (155) (587) (2,968) Recoveries 595 — 440 75 — 250 310 305 1,975 Balance, December 31, 2020 $ 3,929 $ 793 $ 3,141 $ 11,251 $ 1,957 $ 4,232 $ 1,801 $ 4,734 $ 31,838 The following tables present the recorded investments in loans and the allowance for loan losses by category as of December 31: 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, 2020 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 387,072 $ 217,077 $ 201,417 $ 480,165 $ 234,252 $ 219,822 $ 287,845 $ 105,796 $ 2,133,446 Individually evaluated for impairment 5,312 4,793 13,132 25,993 876 3,809 10,343 13,546 77,804 Acquired with deteriorated credit quality 928 853 7,811 14,237 1,263 2,021 8,587 56 35,756 Total $ 393,312 $ 222,723 $ 222,360 $ 520,395 $ 236,391 $ 225,652 $ 306,775 $ 119,398 $ 2,247,006 Allowance for loan losses: Collectively evaluated for impairment $ 2,736 $ 771 $ 2,306 $ 6,736 $ 1,950 $ 3,984 $ 1,237 $ 1,432 $ 21,152 Individually evaluated for impairment 1,193 22 429 4,255 — 222 560 3,301 9,982 Acquired with deteriorated credit quality — — 406 260 7 26 4 1 704 Total $ 3,929 $ 793 $ 3,141 $ 11,251 $ 1,957 $ 4,232 $ 1,801 $ 4,734 $ 31,838 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, 2019 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 294,006 $ 192,722 $ 211,744 $ 561,277 $ 176,273 $ 217,708 $ 291,624 $ 106,448 $ 2,051,802 Individually evaluated for impairment 10,733 13,966 10,927 3,398 1,324 3,782 11,349 13,872 69,351 Acquired with deteriorated credit quality 2,436 1,088 8,491 15,082 1,476 3,397 10,607 96 42,673 Total $ 307,175 $ 207,776 $ 231,162 $ 579,757 $ 179,073 $ 224,887 $ 313,580 $ 120,416 $ 2,163,826 Allowance for loan losses: Collectively evaluated for impairment $ 1,926 $ 2,576 $ 1,486 $ 3,591 $ 1,019 $ 2,283 $ 1,684 $ 931 $ 15,496 Individually evaluated for impairment 2,170 105 270 70 — 567 822 2,176 6,180 Acquired with deteriorated credit quality 345 85 23 2 5 127 34 2 623 Total $ 4,441 $ 2,766 $ 1,779 $ 3,663 $ 1,024 $ 2,977 $ 2,540 $ 3,109 $ 22,299 The following tables present loans individually evaluated for impairment by category of loans as of December 31: Unpaid Principal Recorded Related December 31, 2020 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 2,737 $ 2,725 $ 1,193 Agricultural and farmland 169 168 22 Commercial real estate - owner occupied 3,072 3,040 429 Commercial real estate - non-owner occupied 20,726 20,394 4,255 Multi-family — — — Construction and land development 2,081 2,055 222 One-to-four family residential 2,963 2,739 560 Municipal, consumer, and other 12,207 12,181 3,301 Total $ 43,955 $ 43,302 $ 9,982 With no related allowance: Commercial and industrial $ 3,322 $ 2,587 $ — Agricultural and farmland 4,625 4,625 — Commercial real estate - owner occupied 10,164 10,092 — Commercial real estate - non-owner occupied 5,727 5,599 — Multi-family 876 876 — Construction and land development 1,762 1,754 — One-to-four family residential 9,325 7,604 — Municipal, consumer, and other 1,431 1,365 — Total $ 37,232 $ 34,502 $ — Total Commercial and industrial $ 6,059 $ 5,312 $ 1,193 Agricultural and farmland 4,794 4,793 22 Commercial real estate - owner occupied 13,236 13,132 429 Commercial real estate - non-owner occupied 26,453 25,993 4,255 Multi-family 876 876 — Construction and land development 3,843 3,809 222 One-to-four family residential 12,288 10,343 560 Municipal, consumer, and other 13,638 13,546 3,301 Total $ 81,187 $ 77,804 $ 9,982 Unpaid Principal Recorded Related December 31, 2019 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 4,292 $ 4,292 $ 2,170 Agricultural and farmland 590 590 105 Commercial real estate - owner occupied 830 830 270 Commercial real estate - non-owner occupied 99 99 70 Multi-family — — — Construction and land development 3,679 3,679 567 One-to-four family residential 3,401 3,390 822 Municipal, consumer, and other 9,138 9,111 2,176 Total $ 22,029 $ 21,991 $ 6,180 With no related allowance: Commercial and industrial $ 6,438 $ 6,441 $ — Agricultural and farmland 13,369 13,376 — Commercial real estate - owner occupied 10,089 10,097 — Commercial real estate - non-owner occupied 3,297 3,299 — Multi-family 1,328 1,324 — Construction and land development 104 103 — One-to-four family residential 7,986 7,959 — Municipal, consumer, and other 4,775 4,761 — Total $ 47,386 $ 47,360 $ — Total Commercial and industrial $ 10,730 $ 10,733 $ 2,170 Agricultural and farmland 13,959 13,966 105 Commercial real estate - owner occupied 10,919 10,927 270 Commercial real estate - non-owner occupied 3,396 3,398 70 Multi-family 1,328 1,324 — Construction and land development 3,783 3,782 567 One-to-four family residential 11,387 11,349 822 Municipal, consumer, and other 13,913 13,872 2,176 Total $ 69,415 $ 69,351 $ 6,180 The following table presents the average recorded investment and interest income recognized for loans individually evaluated for impairment by category of loans during the years ended December 31: Year Ended December 31, 2020 2019 2018 Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 3,031 $ 169 $ 5,275 $ 152 $ 4,274 $ 106 Agricultural and farmland 273 9 464 12 566 16 Commercial real estate - owner occupied 1,622 98 874 43 3,574 67 Commercial real estate - non-owner occupied 6,345 220 101 7 640 7 Multi-family — — — — 1,472 66 Construction and land development 2,441 116 3,988 171 2,593 161 One-to-four family residential 3,120 110 3,414 79 3,377 82 Municipal, consumer, and other 10,617 286 9,284 396 302 5 Total $ 27,449 $ 1,008 $ 23,400 $ 860 $ 16,798 $ 510 With no related allowance: Commercial and industrial $ 4,004 $ 251 $ 6,744 $ 206 $ 5,093 $ 59 Agricultural and farmland 11,061 561 14,826 824 8,815 526 Commercial real estate - owner occupied 11,056 528 10,190 483 12,217 384 Commercial real estate - non-owner occupied 14,412 458 3,465 131 7,110 147 Multi-family 447 10 1,344 9 355 17 Construction and land development 892 23 107 4 528 3 One-to-four family residential 8,022 316 8,360 240 10,706 168 Municipal, consumer, and other 3,089 115 4,874 104 297 5 Total $ 52,983 $ 2,262 $ 49,910 $ 2,001 $ 45,121 $ 1,309 Total Commercial and industrial $ 7,035 $ 420 $ 12,019 $ 358 $ 9,367 $ 165 Agricultural and farmland 11,334 570 15,290 836 9,381 542 Commercial real estate - owner occupied 12,678 626 11,064 526 15,791 451 Commercial real estate - non-owner occupied 20,757 678 3,566 138 7,750 154 Multi-family 447 10 1,344 9 1,827 83 Construction and land development 3,333 139 4,095 175 3,121 164 One-to-four family residential 11,142 426 11,774 319 14,083 250 Municipal, consumer, and other 13,706 401 14,158 500 599 10 Total $ 80,432 $ 3,270 $ 73,310 $ 2,861 $ 61,919 $ 1,819 The following tables present the recorded investment in loans by category based on current payment and accrual status as of December 31: Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2020 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 392,490 $ — $ — $ 822 $ 393,312 Agricultural and farmland 222,723 — — — 222,723 Commercial real estate - owner occupied 221,308 112 — 940 222,360 Commercial real estate - non-owner occupied 516,387 — — 4,008 520,395 Multi-family 236,391 — — — 236,391 Construction and land development 225,508 — — 144 225,652 One-to-four family residential 301,282 984 595 3,914 306,775 Municipal, consumer, and other 119,055 211 21 111 119,398 Total $ 2,235,144 $ 1,307 $ 616 $ 9,939 $ 2,247,006 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2019 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 301,975 $ 558 $ — $ 4,642 $ 307,175 Agricultural and farmland 201,519 — — 6,257 207,776 Commercial real estate - owner occupied 228,218 941 — 2,003 231,162 Commercial real estate - non-owner occupied 579,626 131 — — 579,757 Multi-family 177,696 — — 1,377 179,073 Construction and land development 224,716 140 — 31 224,887 One-to-four family residential 307,712 1,329 75 4,464 313,580 Municipal, consumer, and other 119,898 247 26 245 120,416 Total $ 2,141,360 $ 3,346 $ 101 $ 19,019 $ 2,163,826 The following tables present total loans by category based on their assigned risk ratings determined by management as of December 31: December 31, 2020 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 368,843 $ 18,258 $ 6,211 $ — $ 393,312 Agricultural and farmland 191,662 25,540 5,521 — 222,723 Commercial real estate - owner occupied 176,823 31,990 13,547 — 222,360 Commercial real estate - non-owner occupied 432,752 58,699 28,944 — 520,395 Multi-family 204,449 31,066 876 — 236,391 Construction and land development 193,646 28,193 3,813 — 225,652 One-to-four family residential 280,198 14,526 12,051 — 306,775 Municipal, consumer, and other 105,539 312 13,547 — 119,398 Total $ 1,953,912 $ 208,584 $ 84,510 $ — $ 2,247,006 December 31, 2019 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 267,645 $ 27,114 $ 12,416 $ — $ 307,175 Agricultural and farmland 180,735 12,267 14,774 — 207,776 Commercial real estate - owner occupied 198,710 21,745 10,707 — 231,162 Commercial real estate - non-owner occupied 531,694 46,092 1,971 — 579,757 Multi-family 175,807 1,771 1,495 — 179,073 Construction and land development 217,120 3,582 4,185 — 224,887 One-to-four family residential 287,036 13,546 12,998 — 313,580 Municipal, consumer, and other 106,063 479 13,874 — 120,416 Total $ 1,964,810 $ 126,596 $ 72,420 $ — $ 2,163,826 The following tables present the financial effect of troubled debt restructurings for the years ended December 31: Charge-offs Recorded Investment and Specific Year Ended December 31, 2020 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial real estate - owner occupied 1 $ 853 $ 853 $ — Total 1 $ 853 $ 853 $ — Charge-offs Recorded Investment and Specific Year Ended December 31, 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 Year Ended December 31, 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 years ended December 31, 2020, 2019, and 2018, all troubled debt restructurings were the result of a payment concession. The following table presents the recorded investment of troubled debt restructurings which had subsequent payment defaults within 12 months following the modification as of December 31: December 31, December 31, December 31, 2020 2019 2018 (dollars in thousands) Commercial and industrial $ — $ — $ 47 Agricultural and farmland — 98 166 Commercial real estate - owner occupied — — 172 One-to-four family residential — — 542 Total $ — $ 98 $ 927 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 December 31, 2020 and 2019, the Company had $8,950,000 and $9,315,000 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 years ended December 31: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Beginning balance $ 1,662 $ 2,101 $ 2,723 Reclassification from non-accretable difference 288 822 2,092 Accretion income (553) (1,261) (2,714) Ending balance $ 1,397 $ 1,662 $ 2,101

LOAN SERVICING

LOAN SERVICING	12 Months Ended
	Dec. 31, 2020
LOAN SERVICING
LOAN SERVICING	NOTE 5 – LOAN SERVICING Mortgage loans serviced for others, not included in the accompanying consolidated balance sheets, amounted to $1,090,219,000 and $1,152,535,000 as of December 31, 2020 and 2019, respectively. Activity in mortgage servicing rights is as follows for years ended December 31: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Beginning balance $ 8,518 $ 10,918 $ 10,289 Capitalized servicing rights 1,981 1,018 885 Fair value adjustment: Attributable to payments and principal reductions (2,364) (1,614) (1,350) Attributable to changes in valuation inputs and assumptions (2,201) (1,804) 1,094 Total fair value adjustment (4,565) (3,418) (256) Ending balance $ 5,934 $ 8,518 $ 10,918

BANK PREMISES AND EQUIPMENT

BANK PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
BANK PREMISES AND EQUIPMENT
BANK PREMISES AND EQUIPMENT	NOTE 6 – BANK PREMISES AND EQUIPMENT Bank premises and equipment are stated at cost less accumulated depreciation as of December 31 as follows: 2020 2019 (dollars in thousands) Land, buildings, and improvements $ 75,790 $ 75,878 Furniture, fixtures, and equipment 23,035 21,200 Total bank premises and equipment 98,825 97,078 Less accumulated depreciation 45,921 43,091 Total bank premises and equipment, net $ 52,904 $ 53,987 Depreciation expense by category for the years ended December 31 is as follows: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Buildings and improvements $ 1,761 $ 1,813 $ 2,107 Furniture, fixtures, and equipment 1,180 896 1,112 Total depreciation expense $ 2,941 $ 2,709 $ 3,219

FORECLOSED ASSETS

FORECLOSED ASSETS	12 Months Ended
	Dec. 31, 2020
FORECLOSED ASSETS
FORECLOSED ASSETS	NOTE 7 – FORECLOSED ASSETS Foreclosed assets activity is as follows for the years ended December 31: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Beginning balance $ 5,099 $ 9,559 $ 16,545 Transfers from loans 1,074 2,520 2,518 Capitalized improvements 6 41 — Proceeds from sales (2,079) (5,460) (6,851) Sales through loan origination (67) (2,046) (1,220) Net gain (loss) on sales 348 1,048 (268) Direct write-downs (213) (563) (1,165) Ending balance $ 4,168 $ 5,099 $ 9,559 Gains (losses) on foreclosed assets includes the following for the years ended December 31: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Direct write-downs $ (213) $ (563) $ (1,165) Net gain (loss) on sales 348 1,048 (268) Guarantee reimbursements 7 80 — Gain on settlement — 375 — Gain on foreclosure — — 96 Gains (losses) on foreclosed assets $ 142 $ 940 $ (1,337) The carrying value of foreclosed one-to-four family residential real estate property as of December 31, 2020 and 2019, was $868,000 and $1,037,000, respectively. As of December 31, 2020, there were 11 one-to-four family residential real estate loans in the process of foreclosure totaling approximately $1,526,000. As of December 31, 2019, there were 10 residential real estate loans in the process of foreclosure totaling approximately $588,000.

CORE DEPOSIT INTANGIBLE ASSETS

CORE DEPOSIT INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2020
CORE DEPOSIT INTANGIBLE ASSETS
CORE DEPOSIT INTANGIBLE ASSETS	NOTE 8 – CORE DEPOSIT INTANGIBLE ASSETS Core deposit intangible assets as of December 31 are as follows: 2020 2019 (dollars in thousands) Gross carrying amount $ 21,718 $ 21,718 Accumulated amortization (18,920) (17,688) Core deposit intangible assets, net $ 2,798 $ 4,030 Amortization of core deposit intangible assets for the years subsequent to December 31, 2020 is expected to be as follows (dollars in thousands): Year ended December 31, 2021 $ 1,047 2022 852 2023 330 2024 316 2025 253 Total $ 2,798

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2020
DEPOSITS
DEPOSITS	NOTE 9 – DEPOSITS The Company’s deposits are summarized below as December 31: December 31, 2020 December 31, 2019 (dollars in thousands) Noninterest-bearing deposits $ 882,939 $ 689,116 Interest-bearing deposits: Interest-bearing demand 968,592 814,639 Money market 462,056 477,765 Savings 517,473 438,927 Time 299,474 356,408 Total interest-bearing deposits 2,247,595 2,087,739 Total deposits $ 3,130,534 $ 2,776,855 Money market deposits include $6,489,000 and $14,309,000 of reciprocal transaction deposits as of December 31, 2020 and 2019, respectively. Time deposits include $3,164,000 and $3,538,000 of reciprocal time deposits as of December 31, 2020 and 2019, respectively. The aggregate amounts of time deposits in denominations of $250,000 or more amounted to $26,687,000 and $44,754,000 as of December 31, 2020 and 2019, respectively. The aggregate amounts of time deposits in denominations of $100,000 or more amounted to $99,649,000 and $130,293,000 as of December 31, 2020 and 2019, respectively. At December 31, 2020, the scheduled maturities of time deposits are as follows (dollars in thousands): Year ended December 31, 2021 $ 218,378 2022 49,776 2023 14,864 2024 8,208 2025 8,101 Thereafter 147 Total $ 299,474 The components of interest expense on deposits for the years ended December 31 are as follows: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Interest-bearing demand $ 647 $ 1,474 $ 1,378 Money market 697 1,837 685 Savings 196 278 283 Time 2,681 4,343 3,541 Total interest expense on deposits $ 4,221 $ 7,932 $ 5,887

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	12 Months Ended
	Dec. 31, 2020
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	NOTE 10 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE All repurchase agreements are sweep instruments. The securities underlying the agreements as of December 31, 2020 and 2019 were under the Company’s control in safekeeping at third-party financial institutions, and included debt securities. Information pertaining to securities sold under agreements to repurchase as of December 31 is as follows: 2020 2019 (dollars in thousands) Balance at end of year $ 45,736 $ 44,433 Weighted average rate as of end of year 0.06 % 0.20 % Fair value of securities underlying the agreements $ 62,472 $ 57,760 Carrying value of securities underlying the agreements $ 62,415 $ 57,760

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2020
BORROWINGS
BORROWINGS	NOTE 11 – BORROWINGS There were no Federal Home Loan Bank of Chicago (FHLB) borrowings outstanding as of December 31, 2020 and 2019. 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 December 31, 2020 and 2019 was $493,690,000 and $548,229,000, respectively. As of December 31, 2020 and 2019, loans pledged also served as collateral for credit exposure of approximately $355,000 associated with the Bank’s participation in the FHLB’s Mortgage Partnership Finance Program. The Bank also had available borrowings through the discount window of the Federal Reserve Bank of Chicago (FRB). Available borrowings are based on the collateral pledged. As of December 31, 2020 and 2019, the carrying value of securities pledged amounted to $499,000 and $515,000, respectively. There was no outstanding balance from the FRB discount window as of December 31, 2020 and 2019.

SUBORDINATED NOTES

SUBORDINATED NOTES	12 Months Ended
	Dec. 31, 2020
SUBORDINATED NOTES
SUBORDINATED NOTES	NOTE 12 – SUBORDINATED NOTES On September 3, 2020, the Company issued $40,000,000 of fixed-to-floating rate subordinated notes that mature on September 15, 2030. The subordinated notes, which are unsecured obligations of the Company, bear a fixed interest rate of 4.50% for the first five years after issuance and thereafter bear interest at a floating rate equal to three-month SOFR, as determined on the Floating Interest Determination Date, plus 4.37%. Interest is payable semi-annually during the five year fixed rate period and quarterly during the subsequent five year floating rate period. The subordinated notes have an optional redemption in whole or in part on any interest payment date on or after September 15, 2025. If the subordinated notes are redeemed before they mature, the redemption price will be the principal amount plus any accrued but unpaid interest. The transaction resulted in debt issuance costs of $789,000 which will be amortized over 10 years. As of December 31, 2020, 100% of the subordinated notes qualified as Tier 2 capital. The face value and carrying value of the subordinated notes are summarized below: December 31, 2020 December 31, 2019 (dollars in thousands) Subordinated notes, at face value $ 40,000 $ — Unamortized issuance costs (762) — Subordinated notes, at carrying value $ 39,238 $ —

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	12 Months Ended
	Dec. 31, 2020
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	NOTE 13 – JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS 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 (“junior subordinated debentures”) issued by the Company. These junior subordinated debentures are the only assets of the trusts and the interest payments from the junior subordinated debentures finance the distributions paid on the capital securities. The junior subordinated 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 the junior subordinated debentures are summarized as follows: December 31, 2020 December 31, 2019 (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 5,773 5,773 Total junior subordinated debentures, at face value 38,765 38,765 National Bancorp Statutory Trust I unamortized discount (1,117) (1,182) Total junior subordinated debentures, at carrying value $ 37,648 $ 37,583 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 junior subordinated debenture, plus a fixed percentage. The interest rates and maturities of the junior subordinated debentures are summarized as follows: Interest Rate at Variable December 31, December 31, Maturity Interest Rate 2020 2019 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 2.99 % 4.74 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 1.75 3.42 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 1.57 3.24 September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 3.04 4.79 April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 3.12 4.79 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 junior subordinated 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 junior subordinated debentures. The capital securities are subject to mandatory redemption upon payment of the junior subordinated debentures and carry an interest rate identical to that of the related debenture. The junior subordinated 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 junior subordinated debentures or the capital securities. If the junior subordinated 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 junior subordinated 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 December 31, 2020 and 2019, 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	12 Months Ended
	Dec. 31, 2020
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 14 – 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 derivatives accounting guidance requires that the Company recognize all derivative financial instruments as either assets or liabilities at fair value in the consolidated balance sheets. The Company may utilize interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. Interest Rate Swaps Designated as Cash Flow Hedges The Company designated certain interest rate swap agreements as cash flow hedges on variable-rate borrowings. For derivative instruments that are designated and qualify as a cash flow hedge, 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. The interest rate swap agreements designated as cash flow hedges are summarized as follows: December 31, 2020 December 31, 2019 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other liabilities $ 17,000 $ (1,458) $ 17,000 $ (676) As of December 31, 2020, the interest rate swap agreements designated as cash flow hedges had contractual maturities between 2024 and 2025. As of December 31, 2020 and 2019, the Company had cash pledged and held on deposit at counterparties of $1,630,000 and $710,000, respectively. During 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, was reclassified into earnings through April 7, 2020, the period the hedged forecasted transactions affect earnings. For the years ended December 31, 2020, 2019, and 2018, the effect of interest rate swap agreements designated as cash flow hedges on the consolidated statements of income are summarized as follows: Location of gross gain (loss) reclassified Amounts of gross gain (loss) from accumulated other reclassified from accumulated comprehensive income to income other comprehensive income Year Ended December 31, 2020 2019 2018 Designated as cash flow hedges: (dollars in thousands) Taxable loan interest income $ 64 $ 116 $ 175 Junior subordinated debentures interest expense (302) (29) — Total $ (238) $ 87 $ 175 Interest Rate Swaps Not Designated as Hedging Instruments The Company may offer interest rate swap agreements to its commercial borrowers in connection with their risk management needs. The Company manages the risk associated with these contracts by entering into an equal and offsetting derivative with a third-party financial institution. While these interest rate swap agreements 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. The interest rate swap agreements not designated as hedging instruments are summarized as follows: December 31, 2020 December 31, 2019 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets: Interest rate swaps with a commercial borrower counterparty $ 122,313 $ 15,360 $ 114,140 $ 8,532 Interest rate swaps with a financial institution counterparty — — 24,216 110 Total fair value recorded in other assets $ 122,313 $ 15,360 $ 138,356 $ 8,642 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ — $ — $ 24,216 $ (110) Interest rate swaps with a financial institution counterparty 122,313 (15,360) 114,140 (8,532) Total fair value recorded in other liabilities $ 122,313 $ (15,360) $ 138,356 $ (8,642) As of December 31, 2020, the interest rate swap agreements not designated as hedging instruments had contractual maturities between 2022 and 2042. As of December 31, 2020 and 2019, the Company had $15,490,000 and $8,713,000, respectively, of debt securities pledged and held in safekeeping at the financial institution counterparty. For the years ended December 31, 2020, 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: Year Ended December 31, 2020 2019 2018 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 24,758 $ 13,537 $ 1,758 Gross losses (24,758) (13,500) (1,758) Net gains $ — $ 37 $ —

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2020
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE 15 – ACCUMULATED OTHER COMPREHENSIVE INCOME The following table presents the activity and accumulated balances for components of other comprehensive income (loss) for the years ended December 31: Unrealized Gains (Losses) on Debt Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Balance, December 31, 2017 $ (1,288) $ 504 $ 409 $ (375) Adoption of ASU 2016-01 (122) — — (122) Other comprehensive loss before reclassifications (5,692) — (83) (5,775) Reclassifications 2,541 (382) (175) 1,984 Other comprehensive loss (3,151) (382) (258) (3,791) Balance, December 31, 2018 (4,561) 122 151 (4,288) Other comprehensive income (loss) before reclassifications 12,458 — (698) 11,760 Reclassifications — (264) (87) (351) Other comprehensive income (loss), before tax 12,458 (264) (785) 11,409 Income tax (benefit) expense (762) (11) 62 (711) Other comprehensive income (loss), after tax 13,220 (253) (847) 12,120 Balance, December 31, 2019 8,659 (131) (696) 7,832 Other comprehensive income (loss) before reclassifications 15,272 — (1,084) 14,188 Reclassifications — 18 238 256 Other comprehensive income (loss), before tax 15,272 18 (846) 14,444 Income tax expense (benefit) 4,353 5 (235) 4,123 Other comprehensive income (loss), after tax 10,919 13 (611) 10,321 Balance, December 31, 2020 $ 19,578 $ (118) $ (1,307) $ 18,153 The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains (losses) on debt 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 debt 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 14 for additional information.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
INCOME TAXES
INCOME TAXES	NOTE 16 – INCOME TAXES Effective October 11, 2019, the Company voluntarily 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 $534,000 and an income tax benefit of $534,000. In recording the impact of the conversion to a C Corporation, the Company recorded a deferred income tax expense of $2,741,000 related to the unrealized gains (losses) on debt securities and derivatives, through the income statement in accordance with ASC 740-20-45-8; therefore, the amount shown in other comprehensive income has not been reduced by the above expense. This difference will remain in accumulated other comprehensive income until the underlying securities are sold or mature and the underlying cash flow hedging relationships terminate in accordance with the portfolio approach allowed under ASC 740. Allocation of income tax expense between current and deferred portions for the years ended December 31 is as follows: 2020 2019 2018 (dollars in thousands) Current Federal $ 8,358 $ 4,849 $ — State 4,709 3,102 869 Total current 13,067 7,951 869 Deferred Federal (226) (1,437) — State (113) (724) — Change in tax status — (534) — Total deferred (339) (2,695) — Income tax expense $ 12,728 $ 5,256 $ 869 Income tax expense differs from the statutory federal rate for the years ended December 31 due to the following: 2020 2019 2018 Amount Percentage Amount Percentage Amount Percentage (dollars in thousands) Federal income tax, at statutory rate $ 10,410 21.0 % $ 3,933 5.5 % $ — — % Increase (decrease) resulting from: Federally tax exempt interest income (1,470) (3.0) (372) (0.5) — — State taxes, net of federal benefit 3,631 7.4 2,212 3.1 869 1.3 Change in tax status — — (534) (0.8) — — Other 157 0.3 17 — — — Income tax expense $ 12,728 25.7 % $ 5,256 7.3 % $ 869 1.3 % The components of the deferred tax assets and liabilities are as follows: December 31, December 31, 2020 2019 (dollars in thousands) Deferred tax assets Allowance for loan losses $ 9,046 $ 6,309 Compensation related 2,301 5,859 Deferred loan fees 1,595 497 Nonaccrual interest 660 858 Foreclosed assets 45 574 Goodwill 336 531 Other 1,046 785 Total deferred tax assets 15,029 15,413 Deferred tax liabilities Fixed asset depreciation 4,361 4,201 Mortgage servicing rights 1,692 2,428 Other purchase accounting adjustments 1,115 1,356 Intangible assets 580 841 Prepaid assets 685 504 Net unrealized gain on debt securities available-for-sale 6,604 2,251 Other 370 426 Total deferred tax liabilities 15,407 12,007 Net deferred tax (liability) asset $ (378) 3,406

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2020
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 17 – EARNINGS PER SHARE ASC 260, Earnings Per Share , requires unvested share-based payment awards that have non-forfeitable rights to dividends or dividend equivalents to be treated as a separate class of securities in calculating earnings per share. The Company has granted restricted stock units that contain non-forfeitable rights to dividend equivalents. Such restricted stock units are considered participating securities. As such, we have included these restricted stock units in the calculation of basic earnings per share and calculate basic earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. Diluted earnings per share is computed using the treasury stock method and reflects the potential dilution that could occur if the Company’s outstanding restricted stock units were vested. During the year ended December 31, 2020, the restricted stock units were considered anti-dilutive and excluded from the calculation of common stock equivalents. There were no restricted stock units outstanding during the years ended December 31, 2019 and 2018. The following table sets forth the computation of basic and diluted earnings per share: Year Ended December 31, 2020 2019 2018 (dollars in thousands) Numerator: Net income $ 36,845 $ 66,865 $ 63,799 Earnings allocated to unvested restricted stock units (93) — — Numerator for earnings per share - basic and diluted $ 36,752 $ 66,865 $ 63,799 Denominator: Weighted average common shares outstanding 27,457,306 20,090,270 18,047,332 Dilutive effect of outstanding restricted stock units — — — Weighted average common shares outstanding, including all dilutive potential shares 27,457,306 20,090,270 18,047,332 Earnings per share - Basic $ 1.34 $ 3.33 $ 3.54 Earnings per share - Diluted $ 1.34 $ 3.33 $ 3.54

DEFERRED COMPENSATION

DEFERRED COMPENSATION	12 Months Ended
	Dec. 31, 2020
EMPLOYEE BENEFIT PLANS
DEFERRED COMPENSATION	NOTE 18 – 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 a lump sum payment was made in June 2020 to each participant equal to the present value of any remaining installment payments. As of December 31, 2020, there was no remaining deferred compensation liability for the SERP. As of December 31, 2019, the deferred compensation liability for the SERP was $12,789,000. During the years ended December 31, 2020, 2019, and 2018, the Company recognized deferred compensation expense for the SERP of $1,660,000, $4,291,000, and 505,000, respectively.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2020
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	NOTE 19 – EMPLOYEE BENEFIT PLANS Profit Sharing Plan During the years ended December 31, 2020, 2019, and 2018, the Company’s profit sharing plan contribution expense amounted to $1,118,000, $1,223,000, and $1,109,000, respectively. The Company’s contributions vest to employees ratably over a six-year period. Medical Insurance Benefits The Company is partially self-insured for medical claims filed by its employees. As of December 31, 2020 and 2019, the Company’s maximum aggregate liability under the plan was $6,287,000 and $6,194,000, respectively. During the years ended December 31, 2020, 2019, and 2018, medical benefits expense amounted to $4,840,000, $3,734,000, and $4,387,000, respectively.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2020
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS	NOTE 20 – STOCK-BASED COMPENSATION PLANS The Company has adopted the HBT Financial, Inc. Omnibus Incentive Plan (the “Omnibus Incentive Plan”). The Omnibus Incentive Plan provides for grants of (i) stock options, (ii) stock appreciation rights, (iii) restricted shares, (iv) restricted stock units, (v) performance awards, (vi) other share-based awards and (vii) 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. The following is a summary of stock-based compensation expense (benefit): Year Ended December 31, 2020 2019 2018 (dollars in thousands) Restricted stock units $ 351 $ — $ — Stock appreciation rights (137) 343 540 Total stock-based compensation expense $ 214 $ 343 $ 540 Restricted Stock Units A restricted stock unit grants a participant the right to receive one share of common stock, following the completion of the requisite service period. Restricted stock units are classified as equity. Compensation cost is based on the Company’s stock price on the grant date and is recognized on a straight-line basis over the vesting period for the entire award. Non-forfeitable dividend equivalents are paid on non-vested restricted stock units and are classified as dividends charged to retained earnings. If restricted stock units are subsequently forfeited, the non-forfeitable dividends related to the forfeited restricted stock units are reclassified to compensation cost in the period the forfeiture occurs. On January 28, 2020, the Company granted 70,400 restricted stock units to certain key employees which vest in four equal annual installments beginning on February 1, 2021. On January 28, 2020, the Company also granted 2,750 restricted stock units to non-employee directors which vest on February 1, 2021. The total fair value of the restricted stock units granted on January 28, 2020 was $1,392,000, based on the grant date closing price of $19.03 per share. On June 24, 2020, the Company also granted 550 restricted stock units to a non-employee director which vest on February 1, 2021. The total fair value of the restricted stock units granted on June 24, 2020 was $7,000, based on the grant date closing price of $12.71 per share. The following is a summary of outstanding restricted stock unit activity: Weighted Restricted Average Stock Units Grant Date Outstanding Fair Value Balance, December 31, 2017 — $ — Granted — — Vested — — Forfeited — — Balance, December 31, 2018 — $ — Granted — — Vested — — Forfeited — — Balance, December 31, 2019 — $ — Granted 73,700 18.98 Vested — — Forfeited (2,700) 19.03 Balance, December 31, 2020 71,000 $ 18.98 A further summary of outstanding restricted stock units as of December 31, 2020, is as follows: Weighted Average Remaining Range of Grant Date Fair Values Outstanding Contractual Term $ 12.71 550 0.1 years $ 19.03 70,450 3.0 years As of December 31, 2020, unrecognized compensation cost related to non-vested restricted stock units was $997,000. Stock Appreciation Rights A stock appreciation right grants a participant the right to receive an amount of cash, the value of which equals the appreciation in the Company’s stock price between the grant date and the exercise date. Stock appreciation rights units are classified as liabilities. Prior to becoming a public entity, the liability was based on the intrinsic value of the stock appreciation rights, calculated using the grant date assigned value and an independent appraisal of the Company’s stock price that was subject to approval by the Board of Directors. Since becoming a public entity on October 11, 2019, the liability was based on an option-pricing model used to estimate the fair value of the stock appreciation rights. Compensation cost for unvested stock appreciation rights is recognized on a straight line basis over the vesting period of the entire award. The unvested stock appreciation rights vest in four equal annual installments beginning on the first anniversary of the grant date. The following is a summary of outstanding stock appreciation rights activity: Stock Weighted Appreciation Average Rights Grant Date Outstanding Assigned Value Balance, December 31, 2017 116,280 $ 5.66 Granted — — Exercised (24,480) 5.43 Expired — — Forfeited — — Balance, December 31, 2018 91,800 $ 5.73 Granted 110,160 16.32 Exercised (91,800) 5.73 Expired — — Forfeited — — Balance, December 31, 2019 110,160 $ 16.32 Granted — — Exercised — — Expired — — Forfeited (4,590) 16.32 Balance, December 31, 2020 105,570 $ 16.32 A further summary of outstanding stock appreciation rights as of December 31, 2020, is as follows: Weighted Average Remaining Range of Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 105,570 87,210 8.5 years As of December 31, 2020, unrecognized compensation cost related to non-vested stock appreciation rights was $51,000. As of December 31, 2020 and 2019, the liability recorded for outstanding stock appreciation rights was $272,000 and $409,000, respectively. As of December 31, 2020 and 2019, the Company used an option pricing model to value the stock appreciation rights, using the assumptions in the following table. Expected volatility is derived from the historical volatility of the Company’s stock price and a selected peer group of industry-related companies. December 31, December 31, 2020 2019 Risk-free interest rate 0.80 % 1.90 % Expected volatility 34.72 % 28.83 % Expected life (in years) 8.7 9.7 Expected dividend yield 3.96 % 3.16 % As of December 31, 2020, the liability recorded for previously exercised stock appreciation rights was $1,087,000, which will be paid in four remaining equal annual installments. As of December 31, 2019, the liability recorded for previously exercised units was $1,512,000.

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2020
REGULATORY CAPITAL
REGULATORY MATTERS	NOTE 21 – REGULATORY CAPITAL The ability of the Company to pay dividends to its stockholders is dependent upon the ability of the Bank to pay dividends to the Company. The Company (on a consolidated basis) and the Bank 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 consolidated financial statements of the Company and the Bank. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank 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. As allowed under the regulations, the Company and the Bank elected to exclude accumulated other comprehensive income, including unrealized gains and losses on securities, in the computation of regulatory capital. Prompt corrective action provisions are not applicable to bank holding companies. Additionally, the Company and the Bank must maintain a “capital conservation buffer” to avoid becoming subject to restrictions on capital distributions and certain discretionary bonus payments to management. As of December 31, 2020 and 2019, the capital conservation buffer was 2.5% of risk-weighted assets. As of December 31, 2020, the Company and the Bank meet all capital adequacy requirements to which they are subject. The actual and required capital amounts and ratios of HBT Financial, Inc. (consolidated) and the Bank are as follows: Actual For Capital To Be Well December 31, 2020 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 426,283 % $ 195,970 8.00 % N/A N/A Heartland Bank 382,511 195,787 8.00 $ 244,733 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 356,410 % $ 146,977 6.00 % N/A N/A Heartland Bank 351,904 146,840 6.00 $ 195,787 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 319,927 % $ 110,233 4.50 % N/A N/A Heartland Bank 351,904 110,130 4.50 $ 159,077 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 356,410 % $ 143,454 4.00 % N/A N/A Heartland Bank 351,904 143,296 4.00 $ 179,120 5.00 % Actual For Capital To Be Well December 31, 2019 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 356,994 % $ 196,358 8.00 % N/A N/A Heartland Bank 315,516 180,071 8.00 $ 225,088 10.00 % State Bank of Lincoln 35,390 16,104 8.00 20,130 10.00 Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 334,695 % $ 147,268 6.00 % N/A N/A Heartland Bank 295,385 135,053 6.00 $ 180,071 8.00 % State Bank of Lincoln 33,222 12,078 6.00 16,104 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 298,277 % $ 110,451 4.50 % N/A N/A Heartland Bank 295,385 101,290 4.50 $ 146,307 6.50 % State Bank of Lincoln 33,222 9,058 4.50 13,084 6.50 Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 334,695 % $ 129,027 4.00 % N/A N/A Heartland Bank 295,385 115,281 4.00 $ 144,102 5.00 % State Bank of Lincoln 33,222 13,531 4.00 16,914 5.00

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 22 – 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. There were no transfers between levels during the years ended December 31, 2020 and 2019. 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 December 31: December 31, 2020 Level 1 Level 2 Level 3 Total (dollars in thousands) Debt securities available-for-sale: U.S. government agency $ — $ 121,993 $ — $ 121,993 Municipal — 274,261 — 274,261 Mortgage-backed: Agency residential — 203,252 — 203,252 Agency commercial — 250,766 — 250,766 Corporate — 72,597 — 72,597 Equity securities with readily determinable fair values 3,292 — — 3,292 Mortgage servicing rights — — 5,934 5,934 Derivative financial assets — 15,360 — 15,360 Derivative financial liabilities — 16,818 — 16,818 December 31, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Debt securities available-for-sale: U.S. government agency $ — $ 49,615 $ — $ 49,615 Municipal — 133,738 — 133,738 Mortgage-backed: Agency residential — 200,678 — 200,678 Agency commercial — 134,954 — 134,954 Corporate — 73,419 — 73,419 Equity securities with readily determinable fair values 3,241 — — 3,241 Mortgage servicing rights — — 8,518 8,518 Derivative financial assets — 8,642 — 8,642 Derivative financial liabilities — 9,318 — 9,318 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, 2019 to December 31, 2020. 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 debt 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): December 31, 2020 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 5,934 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 85.0% (17.3%) Discount rate 9.0% to 11.0% (9.0%) December 31, 2019 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 8,518 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 68.5% (12.3%) 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 December 31: December 31, 2020 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 14,713 $ — $ 14,713 Collateral-dependent impaired loans — — 33,320 33,320 Bank premises held for sale — — 121 121 Foreclosed assets — — 4,168 4,168 December 31, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 4,531 $ — $ 4,531 Collateral-dependent impaired loans — — 15,811 15,811 Bank premises held for sale — — 121 121 Foreclosed assets — — 5,099 5,099 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). December 31, 2020 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 33,320 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 121 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 4,168 Appraisal Appraisal adjustments 7% (7%) December 31, 2019 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 15,811 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 121 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 5,099 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 Notes 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. Junior 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 December 31: Fair Value December 31, 2020 December 31, 2019 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 312,451 $ 312,451 $ 283,971 $ 283,971 Interest-bearing time deposits with banks Level 1 — — 248 248 Debt securities held-to-maturity Level 2 68,395 72,441 88,477 90,529 Restricted stock Level 3 2,498 2,498 2,425 2,425 Loans, net Level 3 2,215,168 2,235,767 2,141,527 2,181,103 Investments in unconsolidated subsidiaries Level 3 1,165 1,165 1,165 1,165 Accrued interest receivable Level 2 14,255 14,255 13,951 13,951 Financial liabilities: Time deposits Level 3 299,474 300,989 356,408 355,340 Securities sold under agreements to repurchase Level 2 45,736 45,736 44,433 44,433 Subordinated notes Level 3 39,238 38,403 — — Junior subordinated debentures Level 3 37,648 23,766 37,583 31,959 Accrued interest payable Level 2 1,151 1,151 1,132 1,132 The Company estimated the fair value of lending related commitments as described in Note 23 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	12 Months Ended
	Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 23 – COMMITMENTS AND CONTINGENCIES Financial Instruments The Bank is 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 Bank’s 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 Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Such commitments and conditional obligations were as follows as of December 31: Contractual Amount December 31, December 31, 2020 2019 (dollars in thousands) Commitments to extend credit $ 530,191 $ 542,705 Standby letters of credit 10,031 8,991 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 Bank evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, by the Bank 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 Bank 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 Bank secures the standby letters of credit with the same collateral used to secure the related loan. Lease Commitments The Company leases office space under operating leases. Certain leases contain renewal options for periods from three to five years at their fair rental value at the time of renewal. Future minimum lease payments under these leases are as follows (dollars in thousands): Year ended December 31, 2021 $ 144 2022 102 2023 71 2024 71 2025 33 Total $ 421 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.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 24 – RELATED PARTY TRANSACTIONS Loans As of December 31, 2020 and 2019, loans to directors, executive officers, principal shareholders and their affiliated entities (related parties) amounted to $3,072,000 and $4,162,000, respectively. These loans were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing for comparable loans with persons not related to us. Deposits Deposits of related parties amounted to $2,596,000 and $11,949,000 as of December 31, 2020 and 2019, respectively.

CONDENSED PARENT COMPANY ONLY F

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2020
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	NOTE 25 – CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS Following are the condensed financial statements of HBT Financial, Inc. (Parent only). Condensed Parent Company Only Balance Sheets December 31 2020 2019 ASSETS (dollars in thousands) Cash and cash equivalents $ 44,149 $ 4,978 Investment in subsidiaries: Bank 397,201 363,860 Non-bank 1,165 1,201 Other assets 1,140 1,081 Total assets $ 443,655 $ 371,120 LIABILITIES Subordinated notes $ 39,238 $ — Junior subordinated debentures 37,648 37,583 Other liabilities 2,852 619 Total liabilities 79,738 38,202 STOCKHOLDERS' EQUITY 363,917 332,918 Total liabilities and stockholders' equity $ 443,655 $ 371,120 Condensed Parent Company Only Statements of Income Years ended December 31 2020 2019 2018 INCOME (dollars in thousands) Dividends received from subsidiaries: Bank $ 17,600 $ 109,969 $ 44,446 Non-bank 36 385 941 Undistributed earnings from subsidiaries: Bank 22,462 (41,202) 23,239 Non-bank (36) (151) (1,984) Other income 215 52 1 Total income 40,277 69,053 66,643 EXPENSES Interest expense 2,189 1,922 1,795 Other expense 2,519 1,025 1,085 Total expenses 4,708 2,947 2,880 INCOME BEFORE INCOME TAX BENEFIT 35,569 66,106 63,763 INCOME TAX BENEFIT (1,276) (759) (36) NET INCOME $ 36,845 $ 66,865 $ 63,799 Condensed Parent Company Only Statements of Cash Flows Year ended December 31 2020 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES (dollars in thousands) Net income $ 36,845 $ 66,865 $ 63,799 Adjustments to reconcile net income to net cash provided by operating activities: Undistributed earnings of consolidated subsidiaries (22,426) 41,353 (21,255) Stock-based compensation 351 — — Amortization of discount and issuance costs on subordinated notes and debentures 92 66 66 Changes in other assets and liabilities, net 1,633 (1,912) 700 Net cash provided by operating activities 16,495 106,372 43,310 CASH FLOWS FROM INVESTING ACTIVITIES Capital contribution to bank subsidiary — (17,000) — Capital contribution to non-bank subsidiary — (100) — Purchase of securities (17) — — Net cash used in investing activities (17) (17,100) — CASH FLOWS FROM FINANCING ACTIVITIES Issuance of subordinated notes, net of issuance costs 39,211 — — Issuance of common stock — 138,493 — Repurchase of common stock — — (907) Cash dividends and dividend equivalents paid (16,518) (224,956) (42,621) Net cash provided by (used in) financing activities 22,693 (86,463) (43,528) NET CHANGE IN CASH AND EQUIVALENTS 39,171 2,809 (218) CASH AND CASH EQUIVALENTS Beginning of year 4,978 2,169 2,387 End of year $ 44,149 $ 4,978 $ 2,169

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Merger of State Bank of Lincoln into Heartland Bank	Merger of State Bank of Lincoln into Heartland Bank On October 20, 2020, Heartland Bank and State Bank of Lincoln, both wholly-owned bank subsidiaries of the Company on that date, entered into a Bank Merger Agreement providing for the merger of State Bank of Lincoln into Heartland Bank. The merger was consummated on December 31, 2020, resulting in Heartland Bank being our sole bank subsidiary, with the branch locations in Lincoln, Illinois operating as “State Bank of Lincoln, a division of Heartland Bank and Trust Company.”
Loan Payment Modifications Related to COVID-19	Loan Payment Modifications Related to COVID-19 The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), along with a joint statement issued by banking regulatory agencies, provided that short-term loan payment modifications to borrowers experiencing financial hardship due to COVID-19 generally do not need to be accounted for as a troubled debt restructuring. As of December 31, 2020, the Company had loans totaling $27,986,000 that were granted a payment modification due to a COVID-19 related financial hardship and have not returned to regular payments. Substantially all modifications were in the form of a three-month interest-only period or a one-month payment deferral. Some borrowers have received more than one loan payment modification.
Initial Public Offering	Initial Public Offering On September 13, 2019, the Company filed a Registration Statement on Form S-1 with the Securities and Exchange Commission (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 $138,493,000. The proceeds were used to fund a $170 million special dividend, or $9.43 per share, to stockholders 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). Under the JOBS Act, emerging growth companies may also elect to delay adoption of new or revised accounting standards until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards and, therefore, the Company will not be subject to the same new or revised accounting standards as other public companies.
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.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements of HBT Financial, Inc. include the accounts of the Company and its wholly owned bank subsidiary, Heartland Bank. The Company also has five wholly owned subsidiaries, Heartland Bancorp, Inc. Capital Trust B, Heartland Bancorp, Inc. Capital Trust C, Heartland Bancorp, Inc. Capital Trust D, FFBI Capital Trust I, and National Bancorp Statutory Trust I, which, in accordance with GAAP, are not consolidated as more fully described in Note 13. Significant intercompany transactions and accounts have been eliminated in consolidation.
Unaudited Pro Forma Income Statement Information	Unaudited Pro Forma Income Statement Information Effective October 11, 2019, 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 state replacement taxes. The unaudited 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 years ended December 31, 2019 and 2018. The unaudited 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 years ended December 31, 2019 and 2018. The unaudited pro forma basic and diluted earnings per share information is computed using the unaudited pro forma C Corp equivalent net income and weighted average shares of common stock outstanding. There were no dilutive instruments outstanding during the years ended December 31, 2019 and 2018; therefore, the unaudited pro forma C Corp equivalent basic and diluted earnings per share amounts are the same.
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, goodwill, and income taxes.
Business and Significant Concentrations of Credit Risk	Business and Significant Concentrations of Credit Risk The Company provides several types of loans to individuals, businesses, and municipal entities primarily located in their customer service areas. Real estate and commercial loans are principal areas of concentration. The Company also strives to meet the borrowing needs of the consumers in its market areas. Extension of credit is generally limited to the primary trade areas of the Company. Primary deposit products of the Bank are noninterest-bearing and interest-bearing demand accounts, savings accounts, money market accounts, and term certificate of deposit accounts.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting consolidated cash flows, cash and cash equivalents include cash on hand and amounts due from banks, all of which have an original maturity within 90 days or less. Cash flows from loans and deposits are reported net.
Interest-Bearing Time Deposits with Banks	Interest-Bearing Time Deposits with Banks Interest-bearing time deposits with banks are carried at cost.
Debt Securities	Debt Securities Debt securities are classified as held-to-maturity when the Company has the positive intent and ability to hold the securities to maturity and are carried at amortized cost. Debt securities not classified as held-to-maturity are classified as available-for-sale. Debt securities available-for-sale are carried at fair value with unrealized gains and losses reported in accumulated other comprehensive income (loss). Realized gains and losses on debt securities available-for-sale are included in noninterest income when applicable and reported as a reclassification adjustment in other comprehensive income (loss). Gains and losses on sales of securities are determined using the specific identification method on the trade date. The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the period to maturity. Any transfers of debt securities into the held-to-maturity category from the available-for-sale category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer is retained in accumulated other comprehensive income (loss) and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the period to maturity. There were no such transfers in 2020, 2019, and 2018. Declines in the fair value of individual securities below their cost that are other-than-temporary result in write-downs of the individual securities to their fair value. The Company monitors the investment security portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other-than-temporary. This process involves analyzing the length of time and the extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the intent of the Company to not sell the security or whether it is more likely than not that the Company will be required to sell the security before its anticipated recovery. A decline in value due to a credit event that is considered other-than-temporary is recorded as a loss in noninterest income.
Equity Securities	Equity Securities Equity securities with readily determinable fair values are measured at fair value with changes in fair value recognized in gains (losses) on securities on the statements of income. The Company has elected to measure its equity securities with no readily determinable fair values at their cost minus impairment, if any, plus or minus charges resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.
Restricted Stock	Restricted Stock Restricted stock, which consists of Federal Home Loan Bank of Chicago (FHLB) stock, is carried at cost and evaluated for impairment.
Loans Held for Sale	Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or fair value, as determined by aggregate outstanding commitments from investors or current investor yield. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Mortgage loans held for sale are generally sold with the mortgage servicing rights retained by the Company. The carrying value of mortgage loans sold is reduced by fair value allocated to the associated mortgage servicing rights. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loans sold.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for charge-offs and the allowance for loan losses, deferred loan fees or costs on originated loans, and unamortized premiums or discounts on acquired loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income if it was accrued during the current year and charged-off against the allowance for loan losses if accrued in a prior year. Amortization of related deferred loan fees or costs is also suspended at this time. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses (allowance) is an estimate of loan losses inherent in the Company’s loan portfolio. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance. Loan losses are charged off against the allowance when the Company determines the loan balance to be uncollectible. Cash received on previously charged off amounts is recorded as a recovery to the allowance. The allowance consists of two primary components, general reserves and specific reserves related to impaired loans. The general component covers non-impaired loans and is based on historical losses adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent 16‑quarter period. This actual loss experience is adjusted for qualitative factors based on the risks present for each portfolio segment. These qualitative factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. These qualitative factors are inherently subjective and are driven by the repayment risk associated with each portfolio segment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Loans determined to be impaired are individually evaluated for impairment. When a loan is impaired, the Company generally measures impairment based on the fair value of the collateral, but also may use the present value of expected future cash flows discounted at the original contractual interest rate, when practical. Under certain circumstances, the Company will provide borrowers relief through loan restructurings. A restructuring of debt constitutes a troubled debt restructuring (TDR) if the Company for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal or interest due, or acceptance of other assets in full or partial satisfaction of the debt. In general, if the Company grants a TDR that involves either the absence of principal amortization or a material extension of an existing loan amortization period in excess of our underwriting standards, the loan will be placed on nonaccrual status. However, if a TDR is well secured by an abundance of collateral and the collectability of both interest and principal is probable, the loan may remain on accrual status. A nonaccrual TDR in full compliance with the payment requirements specified in the loan modification for at least six months may return to accrual status, if the collectability of both principal and interest is probable. All TDRs are individually evaluated for impairment. The Company assigns a risk rating to all loans and periodically performs detailed internal reviews of all such loans that are part of relationships with over $500,000 in total exposure to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to review by the Company’s regulators, external loan review, and internal loan review. During the internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate and the fair values of collateral securing the loans. The risk rating is reviewed annually, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. These credit quality indicators are used to assign a risk rating to each individual loan. Risk ratings are grouped into four major categories, defined as follows: Pass : A Pass loan is a credit with no existing or known potential weaknesses deserving of management’s close attention. Pass-Watch : A Pass-Watch loan is still considered a Pass credit and not a classified or criticized asset, but is a reflection of a borrower who exhibits credit weaknesses or downward trends warranting close attention and increased monitoring. These potential weaknesses may result in deterioration of the repayment prospects for the loan. No loss of principal or interest is expected, and the borrower does not pose sufficient risk to warrant classification. Substandard : A Substandard loan is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Loans classified as Substandard have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized as probable that the borrower will not pay principal and interest in accordance with the contractual terms. Doubtful : A Doubtful loan has all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company maintains a separate general valuation allowance for each portfolio segment. These portfolio segments include 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, with risk characteristics described as follows: Commercial and Industrial : Consists of loans typically granted for working capital, asset acquisition and other business purposes. These loans are underwritten primarily based on the borrower’s cash flow with most loans secondarily supported by collateral. Most commercial and industrial loans are secured by the assets being financed or other business assets, such as accounts receivable, inventory, and equipment, and are typically supported by personal guarantees of the owners. Cash flows and collateral values may fluctuate based on general economic conditions, specific industry conditions and specific borrower circumstances. Agricultural and Farmland : Consists of loans typically secured by farmland, agricultural operating assets, or a combination of both, and are generally underwritten to existing cash flows of operating agricultural businesses. Debt repayment is provided by business cash flows. Economic trends influenced by unemployment rates and other key economic indicators are not closely correlated to the credit quality of agricultural and farmland loans. The credit quality of these loans is most correlated to changes in prices of corn and soybeans and, to a lesser extent, weather, which has been partially mitigated by federal crop insurance programs. Commercial Real Estate - Owner Occupied : Consists of loans secured by commercial real estate that is both owned and occupied by the same or a related borrower. These loans are primarily underwritten based on the cash flow of the business occupying the property. As with commercial and industrial loans, cash flows and collateral values may fluctuate based on general economic conditions, specific industry conditions, and specific borrower circumstances. Commercial Real Estate - Non-owner Occupied : Consists of loans secured by commercial real estate for which the primary source of repayment is the sale or rental cash flows from the underlying collateral. These loans are underwritten based primarily on the historic or projected cash flow from the underlying collateral. Adverse economic developments or an overbuilt market typically impact commercial real estate projects. Trends in rental and vacancy rates of commercial properties impact the credit quality of these loans. Multi-family : Consists of loans secured by five or more unit apartment buildings. Multi-family loans may be affected by demographic and population trends, unemployment or underemployment, and deteriorating market values of real estate. Construction and Land Development : Consists of loans for speculative and pre-sold construction projects for developers intending to either sell upon completion or hold for long term investment, as well as construction of projects to be owner occupied. In addition, loans in this segment generally possess a higher inherent risk of loss than other portfolio segments due to risk of non-completion, changes in budgeted costs, and changes in market forces during the term of the construction period. One-to-four Family Residential : Consists of loans secured by one-to-four family residences, including both first and junior lien mortgage loans for owner occupied and non-owner occupied properties and home equity lines of credit. The degree of risk in residential mortgage lending depends on the local economy, including the local real estate market and unemployment rates. Municipal, Consumer and Other : Loans to municipalities include obligations of municipal entities and loans sponsored by municipal entities for the benefit of a private entity where that private entity, rather than the municipal entity, is responsible for repayment of the obligation. Consumer loans include loans to individuals for consumer purposes and typically consist of small balance loans. Economic trends determined by unemployment rates and other key economic indicators are closely correlated to the credit quality of the consumer loans. Loans to other financial institutions, as well as leases, are also included. Although management believes the allowance to be adequate, ultimate losses may vary from its estimates. At least quarterly, the Board of Directors reviews the adequacy of the allowance, including consideration of the relevant risks in the portfolio, current economic conditions and other factors. If the Board of Directors and management determine that changes are warranted based on those reviews, the allowance is adjusted. In addition, the Company’s regulators review the adequacy of the allowance and may require additions to the allowance based on their judgment about information available at the time of their examinations.
Loans Acquired with Deteriorated Credit Quality	Loans Acquired with Deteriorated Credit Quality Loans acquired that have evidence of deterioration in credit quality since origination and for which it is probable, at acquisition, that the Company will be unable to collect all contractually required payments receivable, are initially recorded at fair value (as determined by the present value of expected future cash flows) with no allowance for loan losses. Loans are evaluated by management at the time of purchase to determine if there is evidence of deterioration in credit quality since origination. Loans where there is evidence of deterioration of credit quality since origination may be aggregated and accounted for as a pool of loans if the loans being aggregated have common risk characteristics. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” is recognized as interest income over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” are not recognized as a yield adjustment. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent increases in expected cash flows result in a reversal of the provision for loan losses to the extent of prior charges or a reclassification of the difference from nonaccretable to accretable yield with a positive impact on interest income on a prospective basis. If the Company does not have the information necessary to reasonably estimate cash flows to be expected, it may use the cost recovery method or cash basis method of income recognition.
Off-Balance Sheet Credit Related Financial Instruments	Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Bank has entered into commitments to extend credit, including commitments under credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the original cost over the fair value of assets acquired and liabilities assumed. Goodwill is not amortized but instead is subject to an annual impairment evaluation. The Company has selected December 31 as the date to perform the annual impairment test. At December 31, 2020 and 2019, the Company’s evaluations of goodwill indicated that goodwill was not impaired. Additionally, due to the economic weakness resulting from the COVID-19 pandemic, the Company completed a quantitative assessment of goodwill as of March 31, 2020 which indicated that goodwill was not impaired. Further goodwill impairment evaluations, which may result in goodwill impairment, may be necessary if events or circumstance changes would more likely than not reduce the fair value of a reporting unit below its carrying amount. Other identifiable intangible assets consist of core deposit intangible assets with definite useful lives which are being amortized using straight-line and accelerated methods over 10 years. The Company will periodically review the status of core deposit intangible assets for any events or circumstances which may change the recoverability of the underlying basis.
Loan Servicing	Loan Servicing The Company periodically sells mortgage loans on the secondary market with servicing retained. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds, and default rates and losses. Mortgage servicing rights are carried at fair value on the consolidated balance sheets and changes in fair value are recorded in mortgage servicing rights fair value adjustment on the consolidated statements of income.
Bank Premises and Equipment	Bank Premises and Equipment Land is carried at cost. Bank premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed over the estimated useful lives of the individual assets using the straight-line method.
Bank Premises Held for Sale	Bank Premises Held for Sale Bank premises held for sale is carried at the lower of cost or fair value less estimated costs to sell. The bank premises are not depreciated while classified as held for sale. As of December 31, 2020 and 2019, the related branch buildings classified as held for sale totaled $121,000. During the year ended December 31, 2020, there were no impairment losses on bank premises held for sale. During the years ended December 31, 2019, and 2018, there were impairment losses of $37,000 and $52,000, respectively, included in gains (losses) on other assets on the consolidated statements of income.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or fair value less estimated costs to sell.
Wealth Management Assets and Fees	Wealth Management Assets and Fees Assets of the wealth management department of the Bank are not included in the consolidated balance sheets as such assets are not assets of the Company or the Bank. Fee income generated from wealth management services is recorded in the consolidated statements of income as a source of noninterest income.
Foreclosed Assets	Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated cost to sell at the date of foreclosure, establishing a new cost basis. Any write-down based on the fair value of the asset at the date of acquisition is charged to the allowance for loan losses. If the fair value of the asset less estimated cost to sell exceeds the recorded investment in the loan at the date of foreclosure, the increase in value is charged to current year operations unless there has been a prior charge-off, in which case a recovery to the allowance for loan losses is recorded. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated cost to sell. Write-downs of foreclosed assets subsequent to foreclosure are charged to current year operations as are gains and losses from sale of foreclosed assets, as well as expenses to maintain and hold foreclosed assets.
Employee Benefit Plans	Employee Benefit Plans The Company sponsors a profit sharing plan under which the Company may contribute, at the discretion of the Board of Directors, a discretionary amount to all participating employees for the plan year. Participating employees are those employees in service on the valuation date who were employed on the last day of the plan year then ended, were on leave of absence on the last day of the plan year then ended, or any participant whose service was terminated during the plan year then ended due to retirement, disability, or death. A 401(k) feature also allows the Bank to make discretionary matching contributions in an amount up to 5% of compensation contributed by employees.
Stock Based Compensation	Stock Based Compensation The Company recognizes compensation cost over the requisite service period, if any, which is generally defined as the vesting period. For awards classified as equity, compensation cost is based on the fair value of the awards on the grant date. For awards classified as liabilities, compensation cost also includes subsequent remeasurements of the fair value of the awards until the award is settled. The Company’s policy is to recognize forfeitures as they occur.
Transfers of Financial Assets and Participating Interests	Transfers of Financial Assets and Participating Interests Transfers of an entire financial asset or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. The transfer of a participating interest in an entire financial asset must also meet the definition of a participating interest. A participating interest in a financial asset has all of the following characteristics: (1) from the date of transfer, it must represent a proportionate (pro rata) ownership interest in the financial asset, (2) from the date of transfer, all cash flows received, except any cash flows allocated as any compensation for servicing or other services performed, must be divided proportionately among participating interest holders in the amount equal to their share ownership, (3) the rights of each participating interest holder must have the same priority, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to do so.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred.
Income Taxes	Income Taxes Through October 10, 2019, the Company, with the consent of its then current 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 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 taxes, have been recognized in the accompanying consolidated financial statements prior to October 11, 2019. 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, the Company voluntarily revoked its S Corporation status and became a taxable entity (C Corporation). In connection with the conversion of tax status, the Company recognized a deferred tax asset of $534,000 and an income tax benefit of $534,000. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. With regard to uncertain tax matters, the Company recognizes in the consolidated financial statements the impact of a tax position taken, or expected to be taken, if it is more likely than not that the position will be sustained on audit based on the technical merit of the position. Management has analyzed the tax positions taken by the Company and concluded as of December 31, 2020 and 2019, there are no uncertain tax positions taken or expected to be taken that require recognition of a liability or disclosure in the consolidated financial statements. When applicable, the Company recognizes interest accrued related to unrecognized tax benefits and penalties in operating expenses. 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 2017.
Derivative Financial Instruments	Derivative Financial Instruments As part of the Company’s asset/liability management, the Company uses interest rate swaps to hedge various exposures or to modify interest rate characteristics of various balance sheet accounts. Derivatives that are used as part of the asset/liability management process are linked to specific assets or liabilities, or pools of assets or liabilities, and have high correlation between the contract and the underlying item being hedged, both at inception and throughout the hedge period. All derivatives are recognized on the consolidated balance sheet at their fair value. On the date the derivative contract is entered into, the Company may designate the derivative as a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability "cash flow" hedge. Changes in the fair value of a derivative that is highly effective and that is designated and qualifies as a cash-flow hedge are recorded in other comprehensive income (loss), until earnings are affected by the variability of cash flows (e.g., when periodic settlements on a variable-rate asset or liability are recorded in earnings). The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking various hedged transactions. This process includes linking all derivatives that are designated as cash-flow hedges to specific assets and liabilities on the balance sheet or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. When it is determined that a derivative is not highly effective as a hedge or that it has ceased to be a highly effective hedge, the Company discontinues hedge accounting prospectively. The Company discontinues hedge accounting prospectively when (a) it is determined that the derivative is no longer highly effective in offsetting changes in the cash flows of a hedged item (including forecasted transactions); (b) the derivative expires or is sold, terminated, or exercised; (c) the derivative is dedesignated as a hedge instrument, because it is unlikely that a forecasted transaction will occur; or (d) management determines that designation of the derivative as a hedge instrument is no longer appropriate. When hedge accounting is discontinued because it is probable that a forecasted transaction will not occur, the derivative will continue to be carried on the consolidated balance sheet at its fair value, and gains and losses that were accumulated in other comprehensive income (loss) will be recognized immediately in earnings. In all other situations in which hedge accounting is discontinued, the derivative will be carried at its fair value on the balance sheet, with subsequent changes in its fair value recognized in current-period earnings.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains, and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on securities available-for-sale and interest rate swap agreements designated as cash flow hedges, are reported as a separate component of the equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income (loss).
Fair Value Measurements	Fair Value Measurements The Company categorizes its assets and liabilities measured at fair value into a three-level hierarchy based on the priority of the inputs to the valuation technique used to determine fair value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used in the determination of the fair value measurement fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement. Assets and liabilities valued at fair value are categorized based on the inputs to the valuation techniques as follows: Level 1 - Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2 - Inputs that are significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 - Inputs that are unobservable inputs that reflect a Company’s own assumptions about the assumptions that market participants would use in pricing as asset or liability. Subsequent to initial recognition, the Company may re-measure the carrying value of assets and liabilities measured on a nonrecurring basis to fair value. Adjustments to fair value usually result when certain assets are impaired. Such assets are written down from their carrying amounts to their fair value. Accounting standards allow entities the irrevocable option to elect to measure certain financial instruments and other items at fair value for the initial and subsequent measurement on an instrument-by-instrument basis. The Company adopted the policy and has not elected to measure any existing financial instruments at fair value, except for mortgage servicing rights; however, it may elect to measure newly acquired financial instruments at fair value in the future.
Revenue from Contracts with Customers	Revenue from Contracts with Customers ASC Topic 606, Revenue from Contracts with Customers , requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. To achieve this, the Company takes the following steps: identify the contract(s) with a customer; identify the performance obligations in the contract; determine the transaction price; allocate the transaction price to the performance obligations in the contract; and recognize revenue when (or as) the Company satisfies a performance obligation. The non-interest revenue streams that are considered to be in the scope of this guidance are discussed below. Card income: Consists of debit and credit card interchange fees. For debit and credit card transactions, the Company considers the merchant as the customer for interchange revenue with the performance obligation being satisfied when the cardholder purchases goods or services from the merchant. Interchange revenue is recognized as the services are provided. Payment is typically received daily. Service charges on deposit accounts: Consists of account analysis fees, monthly service fees, and other deposit account related fees. The Company’s performance obligation account analysis fees and monthly service fees are ongoing and either party may cancel at any time. These fees are generally recognized as the services are rendered on a monthly basis. Payment is typically received monthly. Other deposit account related fees are largely transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for other deposit account related fees is primarily received immediately through a direct charge to customers’ accounts. Wealth management fees: Consists of revenue from the management and advisement of client assets and trust administration. The Company’s performance obligation is generally satisfied over time, and the fees are recognized monthly. Payment is typically received quarterly or annually. Title insurance activity: Consists of fees related to real estate sale closings, title search fees, and title insurance premiums with First Community Title Services, Inc. acting as an agent. The Company’s performance obligations were generally satisfied and payment was typically received at the time a real estate transaction was finalized. In 2019, First Community Title Services, Inc. was sold, and the Company did not have title insurance activity revenue in subsequent periods.
Segment Reporting	Segment Reporting The Company’s operations consist of one reportable segment called community banking. While the Company’s management monitored operations and profitability of Heartland Bank and State Bank of Lincoln 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 recognition or disclosure through the date the consolidated financial statements were issued.
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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, 2022, including interim periods within those fiscal years. Early adoption is permitted. 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, 2022, 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 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . This ASU provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform, if certain criteria are met. Entities may apply the provisions as of the beginning of the reporting period when the election is made and are available until December 31, 2022. The Company is currently evaluating the effect that this standard will have on the consolidated results of operations and financial position.

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2020
SECURITIES
Summary of carrying balances of securities	December 31, December 31, 2020 2019 (dollars in thousands) Debt securities available-for-sale $ 922,869 $ 592,404 Debt securities held-to-maturity 68,395 88,477 Equity securities: Readily determinable fair value 3,292 3,241 No readily determinable fair value 1,552 1,148 Total securities $ 996,108 $ 685,270
Schedule of sales of securities available-for-sale	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Proceeds from sales $ — — $ 104,303 Gross realized gains — — 281 Gross realized losses — — (2,822)
Schedule of gains (losses) on securities	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Net realized losses on sales $ — — $ (2,541) Net unrealized gains (losses) on equity securities: Readily determinable fair value 33 160 (122) No readily determinable fair value — (165) — Gains (losses) on securities $ 33 (5) $ (2,663)
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses	December 31, 2020 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 118,282 $ 3,720 $ (9) $ 121,993 Municipal 265,309 9,232 (280) 274,261 Mortgage-backed: Agency residential 198,543 4,871 (162) 203,252 Agency commercial 246,649 4,651 (534) 250,766 Corporate 70,917 1,786 (106) 72,597 Total available-for-sale 899,700 24,260 (1,091) 922,869 Held-to-maturity: Municipal 22,484 1,390 — 23,874 Mortgage-backed: Agency residential 13,031 452 — 13,483 Agency commercial 32,880 2,222 (18) 35,084 Total held-to-maturity 68,395 4,064 (18) 72,441 Total debt securities $ 968,095 $ 28,324 $ (1,109) $ 995,310 December 31, 2019 Amortized Gross Gross Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ 49,113 $ 529 $ (27) $ 49,615 Municipal 131,241 2,503 (6) 133,738 Mortgage-backed: Agency residential 198,184 2,780 (286) 200,678 Agency commercial 133,730 1,516 (292) 134,954 Corporate 72,239 1,180 — 73,419 Total available-for-sale 584,507 8,508 (611) 592,404 Held-to-maturity: Municipal 45,239 1,340 — 46,579 Mortgage-backed: Agency residential 19,072 161 (170) 19,063 Agency commercial 24,166 775 (54) 24,887 Total held-to-maturity 88,477 2,276 (224) 90,529 Total debt securities $ 672,984 $ 10,784 $ (835) $ 682,933
Schedule of amortized cost and fair value of securities by contractual maturity	Available-for-Sale Held-to-Maturity Amortized Fair Value Amortized Fair Value (dollars in thousands) Due in 1 year or less $ 28,332 $ 28,626 $ 1,396 $ 1,424 Due after 1 year through 5 years 82,778 85,859 13,895 14,806 Due after 5 years through 10 years 210,971 218,710 6,302 6,723 Due after 10 years 132,427 135,656 891 921 Mortgage-backed: Agency residential 198,543 203,252 13,031 13,483 Agency commercial 246,649 250,766 32,880 35,084 Total $ 899,700 $ 922,869 $ 68,395 $ 72,441
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 December 31, 2020 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ (9) $ 5,919 $ — $ — $ (9) $ 5,919 Municipal (280) 19,652 — — (280) 19,652 Mortgage-backed: Agency residential (142) 20,387 (20) 4,490 (162) 24,877 Agency commercial (524) 57,126 (10) 3,449 (534) 60,575 Corporate (106) 4,849 — — (106) 4,849 Total available-for-sale (1,061) 107,933 (30) 7,939 (1,091) 115,872 Held-to-maturity: Mortgage-backed: Agency commercial (18) 2,983 — — (18) 2,983 Total held-to-maturity (18) 2,983 — — (18) 2,983 Total debt securities $ (1,079) $ 110,916 $ (30) $ 7,939 $ (1,109) $ 118,855 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2019 Unrealized Fair Value Unrealized Fair Value Unrealized Fair Value Available-for-sale: (dollars in thousands) U.S. government agency $ (26) $ 18,865 $ (1) $ 1,998 $ (27) $ 20,863 Municipal (6) 894 — — (6) 894 Mortgage-backed: Agency residential (108) 25,563 (178) 27,296 (286) 52,859 Agency commercial (100) 20,056 (192) 15,704 (292) 35,760 Total available-for-sale (240) 65,378 (371) 44,998 (611) 110,376 Held-to-maturity: Mortgage-backed: Agency residential (30) 2,516 (140) 9,002 (170) 11,518 Agency commercial (47) 7,016 (7) 599 (54) 7,615 Total held-to-maturity (77) 9,532 (147) 9,601 (224) 19,133 Total debt securities $ (317) $ 74,910 $ (518) $ 54,599 $ (835) $ 129,509
Schedule of equity securities with initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses	Cumulative Net Unrealized December 31, 2020 Initial Cost Gains (Losses) Carrying Value (dollars in thousands) Readily determinable fair value $ 3,098 $ 194 $ 3,292 No readily determinable fair value 1,717 (165) 1,552 Total equity securities $ 4,815 $ 29 $ 4,844 Cumulative Net Unrealized December 31, 2019 Initial Cost Gains (Losses) Carrying Value (dollars in thousands) Readily determinable fair value $ 3,080 $ 161 $ 3,241 No readily determinable fair value 1,313 (165) 1,148 Total equity securities $ 4,393 $ (4) $ 4,389

LOANS AND THE ALLOWANCE FOR L_2

LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2020
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Summary of Loans	December 31, December 31, 2020 2019 (dollars in thousands) Commercial and industrial $ 393,312 $ 307,175 Agricultural and farmland 222,723 207,776 Commercial real estate - owner occupied 222,360 231,162 Commercial real estate - non-owner occupied 520,395 579,757 Multi-family 236,391 179,073 Construction and land development 225,652 224,887 One-to-four family residential 306,775 313,580 Municipal, consumer, and other 119,398 120,416 Loans, before allowance for loan losses 2,247,006 2,163,826 Allowance for loan losses (31,838) (22,299) Loans, net of allowance for loan losses $ 2,215,168 $ 2,141,527 Paycheck Protection Program (PPP) loans (included above) Commercial and industrial $ 153,860 $ — Agricultural and farmland 3,049 — Municipal, consumer, and other 6,587 — Total PPP loans $ 163,496 $ —
Schedule of activity in allowance for loan losses	The following tables detail activity in the allowance for loan losses for the years ended December 31: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Industrial Farmland Occupied Occupied Multi-Family Development Residential 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 (532) 265 3,294 264 109 993 984 320 5,697 Charge-offs (1,446) — (2,352) (237) (194) (58) (1,415) (783) (6,485) Recoveries 315 — 54 141 — 260 490 272 1,532 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 1,139 146 (376) 1,110 153 (1,640) 513 2,359 3,404 Charge-offs (886) (30) (407) (111) (41) (9) (1,105) (684) (3,273) Recoveries 440 — 56 20 — 450 350 343 1,659 Balance, December 31, 2019 4,441 2,766 1,779 3,663 1,024 2,977 2,540 3,109 22,299 Provision for loan losses 677 (1,946) 961 7,862 933 1,032 (894) 1,907 10,532 Charge-offs (1,784) (27) (39) (349) — (27) (155) (587) (2,968) Recoveries 595 — 440 75 — 250 310 305 1,975 Balance, December 31, 2020 $ 3,929 $ 793 $ 3,141 $ 11,251 $ 1,957 $ 4,232 $ 1,801 $ 4,734 $ 31,838 The following tables present the recorded investments in loans and the allowance for loan losses by category as of December 31: 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, 2020 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 387,072 $ 217,077 $ 201,417 $ 480,165 $ 234,252 $ 219,822 $ 287,845 $ 105,796 $ 2,133,446 Individually evaluated for impairment 5,312 4,793 13,132 25,993 876 3,809 10,343 13,546 77,804 Acquired with deteriorated credit quality 928 853 7,811 14,237 1,263 2,021 8,587 56 35,756 Total $ 393,312 $ 222,723 $ 222,360 $ 520,395 $ 236,391 $ 225,652 $ 306,775 $ 119,398 $ 2,247,006 Allowance for loan losses: Collectively evaluated for impairment $ 2,736 $ 771 $ 2,306 $ 6,736 $ 1,950 $ 3,984 $ 1,237 $ 1,432 $ 21,152 Individually evaluated for impairment 1,193 22 429 4,255 — 222 560 3,301 9,982 Acquired with deteriorated credit quality — — 406 260 7 26 4 1 704 Total $ 3,929 $ 793 $ 3,141 $ 11,251 $ 1,957 $ 4,232 $ 1,801 $ 4,734 $ 31,838 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, 2019 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 294,006 $ 192,722 $ 211,744 $ 561,277 $ 176,273 $ 217,708 $ 291,624 $ 106,448 $ 2,051,802 Individually evaluated for impairment 10,733 13,966 10,927 3,398 1,324 3,782 11,349 13,872 69,351 Acquired with deteriorated credit quality 2,436 1,088 8,491 15,082 1,476 3,397 10,607 96 42,673 Total $ 307,175 $ 207,776 $ 231,162 $ 579,757 $ 179,073 $ 224,887 $ 313,580 $ 120,416 $ 2,163,826 Allowance for loan losses: Collectively evaluated for impairment $ 1,926 $ 2,576 $ 1,486 $ 3,591 $ 1,019 $ 2,283 $ 1,684 $ 931 $ 15,496 Individually evaluated for impairment 2,170 105 270 70 — 567 822 2,176 6,180 Acquired with deteriorated credit quality 345 85 23 2 5 127 34 2 623 Total $ 4,441 $ 2,766 $ 1,779 $ 3,663 $ 1,024 $ 2,977 $ 2,540 $ 3,109 $ 22,299
Schedule of loans individually evaluated for impairment by category	Unpaid Principal Recorded Related December 31, 2020 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 2,737 $ 2,725 $ 1,193 Agricultural and farmland 169 168 22 Commercial real estate - owner occupied 3,072 3,040 429 Commercial real estate - non-owner occupied 20,726 20,394 4,255 Multi-family — — — Construction and land development 2,081 2,055 222 One-to-four family residential 2,963 2,739 560 Municipal, consumer, and other 12,207 12,181 3,301 Total $ 43,955 $ 43,302 $ 9,982 With no related allowance: Commercial and industrial $ 3,322 $ 2,587 $ — Agricultural and farmland 4,625 4,625 — Commercial real estate - owner occupied 10,164 10,092 — Commercial real estate - non-owner occupied 5,727 5,599 — Multi-family 876 876 — Construction and land development 1,762 1,754 — One-to-four family residential 9,325 7,604 — Municipal, consumer, and other 1,431 1,365 — Total $ 37,232 $ 34,502 $ — Total Commercial and industrial $ 6,059 $ 5,312 $ 1,193 Agricultural and farmland 4,794 4,793 22 Commercial real estate - owner occupied 13,236 13,132 429 Commercial real estate - non-owner occupied 26,453 25,993 4,255 Multi-family 876 876 — Construction and land development 3,843 3,809 222 One-to-four family residential 12,288 10,343 560 Municipal, consumer, and other 13,638 13,546 3,301 Total $ 81,187 $ 77,804 $ 9,982 Unpaid Principal Recorded Related December 31, 2019 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 4,292 $ 4,292 $ 2,170 Agricultural and farmland 590 590 105 Commercial real estate - owner occupied 830 830 270 Commercial real estate - non-owner occupied 99 99 70 Multi-family — — — Construction and land development 3,679 3,679 567 One-to-four family residential 3,401 3,390 822 Municipal, consumer, and other 9,138 9,111 2,176 Total $ 22,029 $ 21,991 $ 6,180 With no related allowance: Commercial and industrial $ 6,438 $ 6,441 $ — Agricultural and farmland 13,369 13,376 — Commercial real estate - owner occupied 10,089 10,097 — Commercial real estate - non-owner occupied 3,297 3,299 — Multi-family 1,328 1,324 — Construction and land development 104 103 — One-to-four family residential 7,986 7,959 — Municipal, consumer, and other 4,775 4,761 — Total $ 47,386 $ 47,360 $ — Total Commercial and industrial $ 10,730 $ 10,733 $ 2,170 Agricultural and farmland 13,959 13,966 105 Commercial real estate - owner occupied 10,919 10,927 270 Commercial real estate - non-owner occupied 3,396 3,398 70 Multi-family 1,328 1,324 — Construction and land development 3,783 3,782 567 One-to-four family residential 11,387 11,349 822 Municipal, consumer, and other 13,913 13,872 2,176 Total $ 69,415 $ 69,351 $ 6,180 The following table presents the average recorded investment and interest income recognized for loans individually evaluated for impairment by category of loans during the years ended December 31: Year Ended December 31, 2020 2019 2018 Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 3,031 $ 169 $ 5,275 $ 152 $ 4,274 $ 106 Agricultural and farmland 273 9 464 12 566 16 Commercial real estate - owner occupied 1,622 98 874 43 3,574 67 Commercial real estate - non-owner occupied 6,345 220 101 7 640 7 Multi-family — — — — 1,472 66 Construction and land development 2,441 116 3,988 171 2,593 161 One-to-four family residential 3,120 110 3,414 79 3,377 82 Municipal, consumer, and other 10,617 286 9,284 396 302 5 Total $ 27,449 $ 1,008 $ 23,400 $ 860 $ 16,798 $ 510 With no related allowance: Commercial and industrial $ 4,004 $ 251 $ 6,744 $ 206 $ 5,093 $ 59 Agricultural and farmland 11,061 561 14,826 824 8,815 526 Commercial real estate - owner occupied 11,056 528 10,190 483 12,217 384 Commercial real estate - non-owner occupied 14,412 458 3,465 131 7,110 147 Multi-family 447 10 1,344 9 355 17 Construction and land development 892 23 107 4 528 3 One-to-four family residential 8,022 316 8,360 240 10,706 168 Municipal, consumer, and other 3,089 115 4,874 104 297 5 Total $ 52,983 $ 2,262 $ 49,910 $ 2,001 $ 45,121 $ 1,309 Total Commercial and industrial $ 7,035 $ 420 $ 12,019 $ 358 $ 9,367 $ 165 Agricultural and farmland 11,334 570 15,290 836 9,381 542 Commercial real estate - owner occupied 12,678 626 11,064 526 15,791 451 Commercial real estate - non-owner occupied 20,757 678 3,566 138 7,750 154 Multi-family 447 10 1,344 9 1,827 83 Construction and land development 3,333 139 4,095 175 3,121 164 One-to-four family residential 11,142 426 11,774 319 14,083 250 Municipal, consumer, and other 13,706 401 14,158 500 599 10 Total $ 80,432 $ 3,270 $ 73,310 $ 2,861 $ 61,919 $ 1,819
Schedule of recorded investment on past due basis	Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2020 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 392,490 $ — $ — $ 822 $ 393,312 Agricultural and farmland 222,723 — — — 222,723 Commercial real estate - owner occupied 221,308 112 — 940 222,360 Commercial real estate - non-owner occupied 516,387 — — 4,008 520,395 Multi-family 236,391 — — — 236,391 Construction and land development 225,508 — — 144 225,652 One-to-four family residential 301,282 984 595 3,914 306,775 Municipal, consumer, and other 119,055 211 21 111 119,398 Total $ 2,235,144 $ 1,307 $ 616 $ 9,939 $ 2,247,006 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2019 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 301,975 $ 558 $ — $ 4,642 $ 307,175 Agricultural and farmland 201,519 — — 6,257 207,776 Commercial real estate - owner occupied 228,218 941 — 2,003 231,162 Commercial real estate - non-owner occupied 579,626 131 — — 579,757 Multi-family 177,696 — — 1,377 179,073 Construction and land development 224,716 140 — 31 224,887 One-to-four family residential 307,712 1,329 75 4,464 313,580 Municipal, consumer, and other 119,898 247 26 245 120,416 Total $ 2,141,360 $ 3,346 $ 101 $ 19,019 $ 2,163,826
Schedule of loans by category risk ratings	December 31, 2020 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 368,843 $ 18,258 $ 6,211 $ — $ 393,312 Agricultural and farmland 191,662 25,540 5,521 — 222,723 Commercial real estate - owner occupied 176,823 31,990 13,547 — 222,360 Commercial real estate - non-owner occupied 432,752 58,699 28,944 — 520,395 Multi-family 204,449 31,066 876 — 236,391 Construction and land development 193,646 28,193 3,813 — 225,652 One-to-four family residential 280,198 14,526 12,051 — 306,775 Municipal, consumer, and other 105,539 312 13,547 — 119,398 Total $ 1,953,912 $ 208,584 $ 84,510 $ — $ 2,247,006 December 31, 2019 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 267,645 $ 27,114 $ 12,416 $ — $ 307,175 Agricultural and farmland 180,735 12,267 14,774 — 207,776 Commercial real estate - owner occupied 198,710 21,745 10,707 — 231,162 Commercial real estate - non-owner occupied 531,694 46,092 1,971 — 579,757 Multi-family 175,807 1,771 1,495 — 179,073 Construction and land development 217,120 3,582 4,185 — 224,887 One-to-four family residential 287,036 13,546 12,998 — 313,580 Municipal, consumer, and other 106,063 479 13,874 — 120,416 Total $ 1,964,810 $ 126,596 $ 72,420 $ — $ 2,163,826
Schedule of financial effect of troubled debt restructurings	The following tables present the financial effect of troubled debt restructurings for the years ended December 31: Charge-offs Recorded Investment and Specific Year Ended December 31, 2020 Number Pre-Modification Post-Modification Reserves (dollars in thousands) Commercial real estate - owner occupied 1 $ 853 $ 853 $ — Total 1 $ 853 $ 853 $ — Charge-offs Recorded Investment and Specific Year Ended December 31, 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 Year Ended December 31, 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 December 31, December 31, December 31, 2020 2019 2018 (dollars in thousands) Commercial and industrial $ — $ — $ 47 Agricultural and farmland — 98 166 Commercial real estate - owner occupied — — 172 One-to-four family residential — — 542 Total $ — $ 98 $ 927
Schedule of changes in the accretable yield for loans acquired with deteriorated credit quality	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Beginning balance $ 1,662 $ 2,101 $ 2,723 Reclassification from non-accretable difference 288 822 2,092 Accretion income (553) (1,261) (2,714) Ending balance $ 1,397 $ 1,662 $ 2,101

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	12 Months Ended
	Dec. 31, 2020
LOAN SERVICING
Schedule of activity in mortgage servicing rights	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Beginning balance $ 8,518 $ 10,918 $ 10,289 Capitalized servicing rights 1,981 1,018 885 Fair value adjustment: Attributable to payments and principal reductions (2,364) (1,614) (1,350) Attributable to changes in valuation inputs and assumptions (2,201) (1,804) 1,094 Total fair value adjustment (4,565) (3,418) (256) Ending balance $ 5,934 $ 8,518 $ 10,918

BANK PREMISES AND EQUIPMENT (Ta

BANK PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
BANK PREMISES AND EQUIPMENT
Summary of bank premises and depreciation expense	2020 2019 (dollars in thousands) Land, buildings, and improvements $ 75,790 $ 75,878 Furniture, fixtures, and equipment 23,035 21,200 Total bank premises and equipment 98,825 97,078 Less accumulated depreciation 45,921 43,091 Total bank premises and equipment, net $ 52,904 $ 53,987 Year Ended December 31, 2020 2019 2018 (dollars in thousands) Buildings and improvements $ 1,761 $ 1,813 $ 2,107 Furniture, fixtures, and equipment 1,180 896 1,112 Total depreciation expense $ 2,941 $ 2,709 $ 3,219

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
FORECLOSED ASSETS
Schedule of foreclosed assets activity	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Beginning balance $ 5,099 $ 9,559 $ 16,545 Transfers from loans 1,074 2,520 2,518 Capitalized improvements 6 41 — Proceeds from sales (2,079) (5,460) (6,851) Sales through loan origination (67) (2,046) (1,220) Net gain (loss) on sales 348 1,048 (268) Direct write-downs (213) (563) (1,165) Ending balance $ 4,168 $ 5,099 $ 9,559
Schedule of gains (losses) on foreclosed assets	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Direct write-downs $ (213) $ (563) $ (1,165) Net gain (loss) on sales 348 1,048 (268) Guarantee reimbursements 7 80 — Gain on settlement — 375 — Gain on foreclosure — — 96 Gains (losses) on foreclosed assets $ 142 $ 940 $ (1,337)

CORE DEPOSIT INTANGIBLE ASSETS

CORE DEPOSIT INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
CORE DEPOSIT INTANGIBLE ASSETS
Schedule of Core deposit intangible assets	2020 2019 (dollars in thousands) Gross carrying amount $ 21,718 $ 21,718 Accumulated amortization (18,920) (17,688) Core deposit intangible assets, net $ 2,798 $ 4,030
Schedule of future amortization of core deposit intangible assets	Year ended December 31, 2021 $ 1,047 2022 852 2023 330 2024 316 2025 253 Total $ 2,798

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2020
DEPOSITS
Schedule of Company’s interest-bearing deposits	December 31, 2020 December 31, 2019 (dollars in thousands) Noninterest-bearing deposits $ 882,939 $ 689,116 Interest-bearing deposits: Interest-bearing demand 968,592 814,639 Money market 462,056 477,765 Savings 517,473 438,927 Time 299,474 356,408 Total interest-bearing deposits 2,247,595 2,087,739 Total deposits $ 3,130,534 $ 2,776,855
Scheduled maturities of time deposits	Year ended December 31, 2021 $ 218,378 2022 49,776 2023 14,864 2024 8,208 2025 8,101 Thereafter 147 Total $ 299,474
Schedule of interest expense on deposits	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Interest-bearing demand $ 647 $ 1,474 $ 1,378 Money market 697 1,837 685 Savings 196 278 283 Time 2,681 4,343 3,541 Total interest expense on deposits $ 4,221 $ 7,932 $ 5,887

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	12 Months Ended
	Dec. 31, 2020
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
Schedule of Information pertaining to securities sold under agreements to repurchase	2020 2019 (dollars in thousands) Balance at end of year $ 45,736 $ 44,433 Weighted average rate as of end of year 0.06 % 0.20 % Fair value of securities underlying the agreements $ 62,472 $ 57,760 Carrying value of securities underlying the agreements $ 62,415 $ 57,760

SUBORDINATED NOTES (Tables)

SUBORDINATED NOTES (Tables)	12 Months Ended
	Dec. 31, 2020
Subordinated Notes
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Schedule of carrying value of subordinated debentures	December 31, 2020 December 31, 2019 (dollars in thousands) Subordinated notes, at face value $ 40,000 $ — Unamortized issuance costs (762) — Subordinated notes, at carrying value $ 39,238 $ —

JUNIOR SUBORDINATED DEBENTURE_2

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS (Tables) - Junior Subordinated Debentures Issued	12 Months Ended
	Dec. 31, 2020
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Schedule of carrying value of subordinated debentures	December 31, 2020 December 31, 2019 (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 5,773 5,773 Total junior subordinated debentures, at face value 38,765 38,765 National Bancorp Statutory Trust I unamortized discount (1,117) (1,182) Total junior subordinated debentures, at carrying value $ 37,648 $ 37,583
Schedule of interest rates and maturities of the junior subordinated debentures	Interest Rate at Variable December 31, December 31, Maturity Interest Rate 2020 2019 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 2.99 % 4.74 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 1.75 3.42 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 1.57 3.24 September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 3.04 4.79 April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 3.12 4.79 December 31, 2037

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair values of Company’s derivative instrument assets and liabilities related to interest rate swap contracts	December 31, 2020 December 31, 2019 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other liabilities $ 17,000 $ (1,458) $ 17,000 $ (676)
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 Amounts of gross gain (loss) from accumulated other reclassified from accumulated comprehensive income to income other comprehensive income Year Ended December 31, 2020 2019 2018 Designated as cash flow hedges: (dollars in thousands) Taxable loan interest income $ 64 $ 116 $ 175 Junior subordinated debentures interest expense (302) (29) — Total $ (238) $ 87 $ 175
Summary of interest rate swap agreements not designated as hedging instruments	December 31, 2020 December 31, 2019 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets: Interest rate swaps with a commercial borrower counterparty $ 122,313 $ 15,360 $ 114,140 $ 8,532 Interest rate swaps with a financial institution counterparty — — 24,216 110 Total fair value recorded in other assets $ 122,313 $ 15,360 $ 138,356 $ 8,642 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ — $ — $ 24,216 $ (110) Interest rate swaps with a financial institution counterparty 122,313 (15,360) 114,140 (8,532) Total fair value recorded in other liabilities $ 122,313 $ (15,360) $ 138,356 $ (8,642)
Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income	Year Ended December 31, 2020 2019 2018 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 24,758 $ 13,537 $ 1,758 Gross losses (24,758) (13,500) (1,758) Net gains $ — $ 37 $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2020
ACCUMULATED OTHER COMPREHENSIVE INCOME
Schedule of the activity and accumulated balances for components of other comprehensive income (loss)	Unrealized Gains (Losses) on Debt Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Balance, December 31, 2017 $ (1,288) $ 504 $ 409 $ (375) Adoption of ASU 2016-01 (122) — — (122) Other comprehensive loss before reclassifications (5,692) — (83) (5,775) Reclassifications 2,541 (382) (175) 1,984 Other comprehensive loss (3,151) (382) (258) (3,791) Balance, December 31, 2018 (4,561) 122 151 (4,288) Other comprehensive income (loss) before reclassifications 12,458 — (698) 11,760 Reclassifications — (264) (87) (351) Other comprehensive income (loss), before tax 12,458 (264) (785) 11,409 Income tax (benefit) expense (762) (11) 62 (711) Other comprehensive income (loss), after tax 13,220 (253) (847) 12,120 Balance, December 31, 2019 8,659 (131) (696) 7,832 Other comprehensive income (loss) before reclassifications 15,272 — (1,084) 14,188 Reclassifications — 18 238 256 Other comprehensive income (loss), before tax 15,272 18 (846) 14,444 Income tax expense (benefit) 4,353 5 (235) 4,123 Other comprehensive income (loss), after tax 10,919 13 (611) 10,321 Balance, December 31, 2020 $ 19,578 $ (118) $ (1,307) $ 18,153

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
INCOME TAXES
Schedule of allocation of federal and state income taxes between current and deferred portions	2020 2019 2018 (dollars in thousands) Current Federal $ 8,358 $ 4,849 $ — State 4,709 3,102 869 Total current 13,067 7,951 869 Deferred Federal (226) (1,437) — State (113) (724) — Change in tax status — (534) — Total deferred (339) (2,695) — Income tax expense $ 12,728 $ 5,256 $ 869
Schedule of effective income tax rate reconciliation	2020 2019 2018 Amount Percentage Amount Percentage Amount Percentage (dollars in thousands) Federal income tax, at statutory rate $ 10,410 21.0 % $ 3,933 5.5 % $ — — % Increase (decrease) resulting from: Federally tax exempt interest income (1,470) (3.0) (372) (0.5) — — State taxes, net of federal benefit 3,631 7.4 2,212 3.1 869 1.3 Change in tax status — — (534) (0.8) — — Other 157 0.3 17 — — — Income tax expense $ 12,728 25.7 % $ 5,256 7.3 % $ 869 1.3 %
Schedule of components of the net deferred tax asset	December 31, December 31, 2020 2019 (dollars in thousands) Deferred tax assets Allowance for loan losses $ 9,046 $ 6,309 Compensation related 2,301 5,859 Deferred loan fees 1,595 497 Nonaccrual interest 660 858 Foreclosed assets 45 574 Goodwill 336 531 Other 1,046 785 Total deferred tax assets 15,029 15,413 Deferred tax liabilities Fixed asset depreciation 4,361 4,201 Mortgage servicing rights 1,692 2,428 Other purchase accounting adjustments 1,115 1,356 Intangible assets 580 841 Prepaid assets 685 504 Net unrealized gain on debt securities available-for-sale 6,604 2,251 Other 370 426 Total deferred tax liabilities 15,407 12,007 Net deferred tax (liability) asset $ (378) 3,406

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2020
EARNINGS PER SHARE
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Numerator: Net income $ 36,845 $ 66,865 $ 63,799 Earnings allocated to unvested restricted stock units (93) — — Numerator for earnings per share - basic and diluted $ 36,752 $ 66,865 $ 63,799 Denominator: Weighted average common shares outstanding 27,457,306 20,090,270 18,047,332 Dilutive effect of outstanding restricted stock units — — — Weighted average common shares outstanding, including all dilutive potential shares 27,457,306 20,090,270 18,047,332 Earnings per share - Basic $ 1.34 $ 3.33 $ 3.54 Earnings per share - Diluted $ 1.34 $ 3.33 $ 3.54

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2020
STOCK-BASED COMPENSATION PLANS
Summary of stock-based compensation expense	Year Ended December 31, 2020 2019 2018 (dollars in thousands) Restricted stock units $ 351 $ — $ — Stock appreciation rights (137) 343 540 Total stock-based compensation expense $ 214 $ 343 $ 540
Schedule of the summary of outstanding restricted stock units	Weighted Restricted Average Stock Units Grant Date Outstanding Fair Value Balance, December 31, 2017 — $ — Granted — — Vested — — Forfeited — — Balance, December 31, 2018 — $ — Granted — — Vested — — Forfeited — — Balance, December 31, 2019 — $ — Granted 73,700 18.98 Vested — — Forfeited (2,700) 19.03 Balance, December 31, 2020 71,000 $ 18.98 A further summary of outstanding restricted stock units as of December 31, 2020, is as follows: Weighted Average Remaining Range of Grant Date Fair Values Outstanding Contractual Term $ 12.71 550 0.1 years $ 19.03 70,450 3.0 years
Schedule of the status of stock appreciation rights and changes	Stock Weighted Appreciation Average Rights Grant Date Outstanding Assigned Value Balance, December 31, 2017 116,280 $ 5.66 Granted — — Exercised (24,480) 5.43 Expired — — Forfeited — — Balance, December 31, 2018 91,800 $ 5.73 Granted 110,160 16.32 Exercised (91,800) 5.73 Expired — — Forfeited — — Balance, December 31, 2019 110,160 $ 16.32 Granted — — Exercised — — Expired — — Forfeited (4,590) 16.32 Balance, December 31, 2020 105,570 $ 16.32 A further summary of outstanding stock appreciation rights as of December 31, 2020, is as follows: Weighted Average Remaining Range of Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 105,570 87,210 8.5 years
Schedule of assumptions used in valuing stock appreciation rights	December 31, December 31, 2020 2019 Risk-free interest rate 0.80 % 1.90 % Expected volatility 34.72 % 28.83 % Expected life (in years) 8.7 9.7 Expected dividend yield 3.96 % 3.16 %

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2020
REGULATORY CAPITAL
Schedule of the Company's and the bank subsidiaries' actual and required capital amounts and ratios	Actual For Capital To Be Well December 31, 2020 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 426,283 % $ 195,970 8.00 % N/A N/A Heartland Bank 382,511 195,787 8.00 $ 244,733 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 356,410 % $ 146,977 6.00 % N/A N/A Heartland Bank 351,904 146,840 6.00 $ 195,787 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 319,927 % $ 110,233 4.50 % N/A N/A Heartland Bank 351,904 110,130 4.50 $ 159,077 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 356,410 % $ 143,454 4.00 % N/A N/A Heartland Bank 351,904 143,296 4.00 $ 179,120 5.00 % Actual For Capital To Be Well December 31, 2019 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 356,994 % $ 196,358 8.00 % N/A N/A Heartland Bank 315,516 180,071 8.00 $ 225,088 10.00 % State Bank of Lincoln 35,390 16,104 8.00 20,130 10.00 Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 334,695 % $ 147,268 6.00 % N/A N/A Heartland Bank 295,385 135,053 6.00 $ 180,071 8.00 % State Bank of Lincoln 33,222 12,078 6.00 16,104 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 298,277 % $ 110,451 4.50 % N/A N/A Heartland Bank 295,385 101,290 4.50 $ 146,307 6.50 % State Bank of Lincoln 33,222 9,058 4.50 13,084 6.50 Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 334,695 % $ 129,027 4.00 % N/A N/A Heartland Bank 295,385 115,281 4.00 $ 144,102 5.00 % State Bank of Lincoln 33,222 13,531 4.00 16,914 5.00

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of assets measured at fair value on a recurring basis	December 31, 2020 Level 1 Level 2 Level 3 Total (dollars in thousands) Debt securities available-for-sale: U.S. government agency $ — $ 121,993 $ — $ 121,993 Municipal — 274,261 — 274,261 Mortgage-backed: Agency residential — 203,252 — 203,252 Agency commercial — 250,766 — 250,766 Corporate — 72,597 — 72,597 Equity securities with readily determinable fair values 3,292 — — 3,292 Mortgage servicing rights — — 5,934 5,934 Derivative financial assets — 15,360 — 15,360 Derivative financial liabilities — 16,818 — 16,818 December 31, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Debt securities available-for-sale: U.S. government agency $ — $ 49,615 $ — $ 49,615 Municipal — 133,738 — 133,738 Mortgage-backed: Agency residential — 200,678 — 200,678 Agency commercial — 134,954 — 134,954 Corporate — 73,419 — 73,419 Equity securities with readily determinable fair values 3,241 — — 3,241 Mortgage servicing rights — — 8,518 8,518 Derivative financial assets — 8,642 — 8,642 Derivative financial liabilities — 9,318 — 9,318
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): December 31, 2020 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 5,934 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 85.0% (17.3%) Discount rate 9.0% to 11.0% (9.0%) December 31, 2019 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 8,518 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 68.5% (12.3%) Discount rate 9.0% to 11.0% (9.0%)
Summary of assets measured at fair value on a nonrecurring basis	December 31, 2020 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 14,713 $ — $ 14,713 Collateral-dependent impaired loans — — 33,320 33,320 Bank premises held for sale — — 121 121 Foreclosed assets — — 4,168 4,168 December 31, 2019 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 4,531 $ — $ 4,531 Collateral-dependent impaired loans — — 15,811 15,811 Bank premises held for sale — — 121 121 Foreclosed assets — — 5,099 5,099
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). December 31, 2020 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 33,320 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 121 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 4,168 Appraisal Appraisal adjustments 7% (7%) December 31, 2019 Fair Valuation Unobservable Inputs Range Collateral-dependent impaired loans $ 15,811 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 121 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 5,099 Appraisal Appraisal adjustments 7% (7%)
Summary information on the carrying amounts and estimated fair values of the Company’s financial instruments	Fair Value December 31, 2020 December 31, 2019 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 312,451 $ 312,451 $ 283,971 $ 283,971 Interest-bearing time deposits with banks Level 1 — — 248 248 Debt securities held-to-maturity Level 2 68,395 72,441 88,477 90,529 Restricted stock Level 3 2,498 2,498 2,425 2,425 Loans, net Level 3 2,215,168 2,235,767 2,141,527 2,181,103 Investments in unconsolidated subsidiaries Level 3 1,165 1,165 1,165 1,165 Accrued interest receivable Level 2 14,255 14,255 13,951 13,951 Financial liabilities: Time deposits Level 3 299,474 300,989 356,408 355,340 Securities sold under agreements to repurchase Level 2 45,736 45,736 44,433 44,433 Subordinated notes Level 3 39,238 38,403 — — Junior subordinated debentures Level 3 37,648 23,766 37,583 31,959 Accrued interest payable Level 2 1,151 1,151 1,132 1,132

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES
Schedule of commitments and conditional obligations	Contractual Amount December 31, December 31, 2020 2019 (dollars in thousands) Commitments to extend credit $ 530,191 $ 542,705 Standby letters of credit 10,031 8,991
Schedule of future minimum lease payments	Future minimum lease payments under these leases are as follows (dollars in thousands): Year ended December 31, 2021 $ 144 2022 102 2023 71 2024 71 2025 33 Total $ 421

CONDENSED PARENT COMPANY ONLY_2

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS
Schedule of condensed parent company only balance sheets	December 31 2020 2019 ASSETS (dollars in thousands) Cash and cash equivalents $ 44,149 $ 4,978 Investment in subsidiaries: Bank 397,201 363,860 Non-bank 1,165 1,201 Other assets 1,140 1,081 Total assets $ 443,655 $ 371,120 LIABILITIES Subordinated notes $ 39,238 $ — Junior subordinated debentures 37,648 37,583 Other liabilities 2,852 619 Total liabilities 79,738 38,202 STOCKHOLDERS' EQUITY 363,917 332,918 Total liabilities and stockholders' equity $ 443,655 $ 371,120
Schedule of condensed parent company only statements of income	Years ended December 31 2020 2019 2018 INCOME (dollars in thousands) Dividends received from subsidiaries: Bank $ 17,600 $ 109,969 $ 44,446 Non-bank 36 385 941 Undistributed earnings from subsidiaries: Bank 22,462 (41,202) 23,239 Non-bank (36) (151) (1,984) Other income 215 52 1 Total income 40,277 69,053 66,643 EXPENSES Interest expense 2,189 1,922 1,795 Other expense 2,519 1,025 1,085 Total expenses 4,708 2,947 2,880 INCOME BEFORE INCOME TAX BENEFIT 35,569 66,106 63,763 INCOME TAX BENEFIT (1,276) (759) (36) NET INCOME $ 36,845 $ 66,865 $ 63,799
Schedule of condensed parent company only statements of cash flows	Year ended December 31 2020 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES (dollars in thousands) Net income $ 36,845 $ 66,865 $ 63,799 Adjustments to reconcile net income to net cash provided by operating activities: Undistributed earnings of consolidated subsidiaries (22,426) 41,353 (21,255) Stock-based compensation 351 — — Amortization of discount and issuance costs on subordinated notes and debentures 92 66 66 Changes in other assets and liabilities, net 1,633 (1,912) 700 Net cash provided by operating activities 16,495 106,372 43,310 CASH FLOWS FROM INVESTING ACTIVITIES Capital contribution to bank subsidiary — (17,000) — Capital contribution to non-bank subsidiary — (100) — Purchase of securities (17) — — Net cash used in investing activities (17) (17,100) — CASH FLOWS FROM FINANCING ACTIVITIES Issuance of subordinated notes, net of issuance costs 39,211 — — Issuance of common stock — 138,493 — Repurchase of common stock — — (907) Cash dividends and dividend equivalents paid (16,518) (224,956) (42,621) Net cash provided by (used in) financing activities 22,693 (86,463) (43,528) NET CHANGE IN CASH AND EQUIVALENTS 39,171 2,809 (218) CASH AND CASH EQUIVALENTS Beginning of year 4,978 2,169 2,387 End of year $ 44,149 $ 4,978 $ 2,169

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Oct. 11, 2019USD ($)	Oct. 10, 2019USD ($)$ / sharesshares	Sep. 13, 2019	Dec. 31, 2020USD ($)segmentsubsidiaryitem$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)shares	Feb. 15, 2019USD ($)
ACCOUNTING POLICIES
Issuance of common stock (in shares) | shares		9,429,794			9,429,794
Share price | $ / shares		$ 16
Loans with payment modifications due to COVID-19				$ 27,986,000
Proceeds from initial public offering		$ 138,493,000
Special dividend fund		$ 170,000,000
Special dividend per share | $ / shares		$ 9.43
Pro forma dilutive instruments | shares					0	0
Number of Subsidiary | subsidiary				5
Transfer amount				$ 0	$ 0	$ 0
Number of primary components of allowance for loan losses | item				2
Actual loss history period				4 years
Internal review threshold				$ 500,000
Definite useful lives of other identifiable intangible assets				10 years
Branch buildings classified as held for sale				$ 121,000	121,000
Impairment loss				$ 0	37,000	52,000
Percentage matching the compensation contributed by employees				5.00%
Provision for prepaid dividend				$ 0
Deferred tax asset	$ 534,000				3,406,000
Income tax benefit	$ (534,000)			12,728,000	5,256,000	$ 869,000
Uncertain tax positions				$ 0	$ 0
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		125,000,000	125,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.01		$ 0.01	$ 0.01
Preferred stock, shares authorized | shares		25,000,000		25,000,000	25,000,000
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.01		$ 0.01	$ 0.01
Common Stock
ACCOUNTING POLICIES
Stock split ratio			20
Series A Nonvoting
ACCOUNTING POLICIES
Stock split ratio			20
Financial asset acquired with credit deterioration | Loans
ACCOUNTING POLICIES
Allowance for credit loss				$ 0
First Community Title Services, Inc.
ACCOUNTING POLICIES
Consideration received							$ 498,000

RESTRICTED CASH AND DUE FROM _2

RESTRICTED CASH AND DUE FROM BANKS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
RESTRICTED CASH AND DUE FROM BANKS
Required reserve funds in cash or on deposit with the Federal Reserve Bank	$ 0	$ 23,100

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
SECURITIES
Adjustment to carrying value of equity securities with no readily determinable fair value		$ 165
Carrying value of securities pledged to secure public and trust deposits	$ 308,064	$ 284,895
Illinois
SECURITIES
Percentage of obligations of local municipalities	41.00%
Percentage of general obligations in local municipalities	75.00%

SECURITIES - Carrying balances

SECURITIES - Carrying balances of securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
SECURITIES
Debt securities available-for-sale, at fair value	$ 922,869	$ 592,404
Debt securities held-to-maturity	68,395	88,477
Equity securities, Readily determinable fair value	3,292	3,241
Equity securities: No readily determinable fair value	1,552	1,148
Total securities	$ 996,108	$ 685,270

SECURITIES - Sale and Gain (los

SECURITIES - Sale and Gain (loss) on securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Sales of securities available-for-sale
Proceeds from sales			$ 104,303
Gross realized gains			281
Gross realized losses			(2,822)
Gains (losses) on securities
Net realized gains (losses) on sales			(2,541)
Net unrealized gains (losses) on equities:
Readily determinable fair value	$ 33	$ 160	(122)
No readily determinable fair value		(165)
Gains (losses) on securities	$ 33	$ (5)	$ (2,663)

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and Fair values of securities with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Available-for-sale
Amortized Cost	$ 899,700	$ 584,507
Gross Unrealized Gains	24,260	8,508
Gross Unrealized Losses	(1,091)	(611)
Fair Value	922,869	592,404
Held-to-maturity
Amortized Cost	68,395	88,477
Gross Unrealized Gains	4,064	2,276
Gross Unrealized Losses	(18)	(224)
Fair Value	72,441	90,529
Total Amortized Cost	968,095	672,984
Total Gross Unrealized Gains	28,324	10,784
Total Gross Unrealized Losses	(1,109)	(835)
Total Fair Value	995,310	682,933
U.S. government agency
Available-for-sale
Amortized Cost	118,282	49,113
Gross Unrealized Gains	3,720	529
Gross Unrealized Losses	(9)	(27)
Fair Value	121,993	49,615
Municipal securities
Available-for-sale
Amortized Cost	265,309	131,241
Gross Unrealized Gains	9,232	2,503
Gross Unrealized Losses	(280)	(6)
Fair Value	274,261	133,738
Held-to-maturity
Amortized Cost	22,484	45,239
Gross Unrealized Gains	1,390	1,340
Fair Value	23,874	46,579
Mortgage-backed: Agency residential
Available-for-sale
Amortized Cost	198,543	198,184
Gross Unrealized Gains	4,871	2,780
Gross Unrealized Losses	(162)	(286)
Fair Value	203,252	200,678
Held-to-maturity
Amortized Cost	13,031	19,072
Gross Unrealized Gains	452	161
Gross Unrealized Losses		(170)
Fair Value	13,483	19,063
Mortgage-backed: Agency commercial
Available-for-sale
Amortized Cost	246,649	133,730
Gross Unrealized Gains	4,651	1,516
Gross Unrealized Losses	(534)	(292)
Fair Value	250,766	134,954
Held-to-maturity
Amortized Cost	32,880	24,166
Gross Unrealized Gains	2,222	775
Gross Unrealized Losses	(18)	(54)
Fair Value	35,084	24,887
Corporate
Available-for-sale
Amortized Cost	70,917	72,239
Gross Unrealized Gains	1,786	1,180
Gross Unrealized Losses	(106)
Fair Value	$ 72,597	$ 73,419

SECURITIES - Amortized cost a_2

SECURITIES - Amortized cost and Fair values of securities with maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Amortized Cost
Amortized Cost	$ 899,700	$ 584,507
Fair Value
Fair Value	922,869	592,404
Amortized Cost
Debt securities held-to-maturity	68,395	88,477
Fair Value
Fair Value	72,441	90,529
Mortgage-backed: Agency residential
Amortized Cost
Amortized Cost	198,543	198,184
Fair Value
Fair Value	203,252	200,678
Amortized Cost
Debt securities held-to-maturity	13,031	19,072
Fair Value
Fair Value	13,483	19,063
Mortgage-backed: Agency commercial
Amortized Cost
Amortized Cost	246,649	133,730
Fair Value
Fair Value	250,766	134,954
Amortized Cost
Debt securities held-to-maturity	32,880	24,166
Fair Value
Fair Value	35,084	$ 24,887
Available-for-sale
Amortized Cost
Due in 1 year or less	28,332
Due after 1 year through 5 years	82,778
Due after 5 years through 10 years	210,971
Due after 10 years	132,427
Amortized Cost	899,700
Fair Value
Due in 1 year or less	28,626
Due after 1 year through 5 years	85,859
Due after 5 years through 10 years	218,710
Due after 10 years	135,656
Fair Value	922,869
Available-for-sale | Mortgage-backed: Agency residential
Amortized Cost
Amortized Cost	198,543
Fair Value
Fair Value	203,252
Available-for-sale | Mortgage-backed: Agency commercial
Amortized Cost
Amortized Cost	246,649
Fair Value
Fair Value	250,766
Held-to-maturity
Amortized Cost
Due in 1 year or less	1,396
Due after 1 year through 5 years	13,895
Due after 5 years through 10 years	6,302
Due after 10 years	891
Debt securities held-to-maturity	68,395
Fair Value
Due in 1 year or less	1,424
Due after 1 year through 5 years	14,806
Due after 5 years through 10 years	6,723
Due after 10 years	921
Fair Value	72,441
Held-to-maturity | Mortgage-backed: Agency residential
Amortized Cost
Debt securities held-to-maturity	13,031
Fair Value
Fair Value	13,483
Held-to-maturity | Mortgage-backed: Agency commercial
Amortized Cost
Debt securities held-to-maturity	32,880
Fair Value
Fair Value	$ 35,084

SECURITIES - Investments in a C

SECURITIES - Investments in a Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)
Available-for-sale: Unrealized Loss
Less than 12 Months	$ (1,061)	$ (240)
12 Months or More	(30)	(371)
Total Unrealized Loss of Available-for-sale securities	(1,091)	(611)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(18)	(77)
12 Months or More		(147)
Total Unrealized Loss of Held-to-maturity securities	(18)	(224)
Available-for-sale: Fair Value
Less than 12 Months	107,933	65,378
12 Months or More	7,939	44,998
Total Fair Value Available-for-sale securities	115,872	110,376
Held-to-maturity: Fair value
Less than 12 Months	2,983	9,532
12 Months or More		9,601
Total Fair Value Held-to-maturity securities	2,983	19,133
Total: Unrealized Losses
Less Than 12 Months	(1,079)	(317)
12 Months or More	(30)	(518)
Total Unrealized Losses	(1,109)	(835)
Total: Fair Value
Less than 12 Months	110,916	74,910
12 Months or More	7,939	54,599
Total Fair Value	$ 118,855	129,509
Number of securities in an unrealized loss position for a period of twelve months or more | item	8
Number of securities in an unrealized loss position for a period of less than twelve months | item	60
U.S. government agency
Available-for-sale: Unrealized Loss
Less than 12 Months	$ (9)	(26)
12 Months or More		(1)
Total Unrealized Loss of Available-for-sale securities	(9)	(27)
Available-for-sale: Fair Value
Less than 12 Months	5,919	18,865
12 Months or More		1,998
Total Fair Value Available-for-sale securities	5,919	20,863
Municipal securities
Available-for-sale: Unrealized Loss
Less than 12 Months	(280)	(6)
Total Unrealized Loss of Available-for-sale securities	(280)	(6)
Available-for-sale: Fair Value
Less than 12 Months	19,652	894
Total Fair Value Available-for-sale securities	19,652	894
Mortgage-backed: Agency residential
Available-for-sale: Unrealized Loss
Less than 12 Months	(142)	(108)
12 Months or More	(20)	(178)
Total Unrealized Loss of Available-for-sale securities	(162)	(286)
Held-to-maturity: Unrealized Loss
Less than 12 Months		(30)
12 Months or More		(140)
Total Unrealized Loss of Held-to-maturity securities		(170)
Available-for-sale: Fair Value
Less than 12 Months	20,387	25,563
12 Months or More	4,490	27,296
Total Fair Value Available-for-sale securities	24,877	52,859
Held-to-maturity: Fair value
Less than 12 Months		2,516
12 Months or More		9,002
Total Fair Value Held-to-maturity securities		11,518
Mortgage-backed: Agency commercial
Available-for-sale: Unrealized Loss
Less than 12 Months	(524)	(100)
12 Months or More	(10)	(192)
Total Unrealized Loss of Available-for-sale securities	(534)	(292)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(18)	(47)
12 Months or More		(7)
Total Unrealized Loss of Held-to-maturity securities	(18)	(54)
Available-for-sale: Fair Value
Less than 12 Months	57,126	20,056
12 Months or More	3,449	15,704
Total Fair Value Available-for-sale securities	60,575	35,760
Held-to-maturity: Fair value
Less than 12 Months	2,983	7,016
12 Months or More		599
Total Fair Value Held-to-maturity securities	2,983	$ 7,615
Corporate
Available-for-sale: Unrealized Loss
Less than 12 Months	(106)
Total Unrealized Loss of Available-for-sale securities	(106)
Available-for-sale: Fair Value
Less than 12 Months	4,849
Total Fair Value Available-for-sale securities	$ 4,849

SECURITIES - Equity securities

SECURITIES - Equity securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Equity Securities - Readily determinable fair value
Equity Securities, Readily determinable fair value, cost	$ 3,098	$ 3,080
Equity Securities, Readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	194	161
Equity securities, Readily determinable fair value, Carrying Value	3,292	3,241
Equity Securities - No readily determinable fair value
Equity Securities, No readily determinable fair value, cost	1,717	1,313
Equity Securities, No readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	(165)	(165)
Equity securities: No readily determinable fair value, Carrying Value	1,552	1,148
Equity Securities
Total equity securities, Cost	4,815	4,393
Total equity securities, Cumulative Net Unrealized Gains (Losses)	29	(4)
Total equity securities, Carrying Value	4,844	4,389
Impairment on equity securities with no readily determinable value	0	0
Upward adjustment on equity securities with no readily determinable fair value	$ 0	$ 0

LOANS AND THE ALLOWANCE FOR L_3

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Categories of loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	$ 2,247,006	$ 2,163,826
Allowance for loan losses	(31,838)	(22,299)	$ (20,509)	$ (19,765)
Loans, net of allowance for loan losses	2,215,168	2,141,527
Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	163,496
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	393,312	307,175
Allowance for loan losses	(3,929)	(4,441)	(3,748)	(5,411)
Commercial and industrial | Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	153,860
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	222,723	207,776
Allowance for loan losses	(793)	(2,766)	(2,650)	(2,385)
Agricultural and farmland | Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	3,049
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	222,360	231,162
Allowance for loan losses	(3,141)	(1,779)	(2,506)	(1,510)
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	520,395	579,757
Allowance for loan losses	(11,251)	(3,663)	(2,644)	(2,476)
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	236,391	179,073
Allowance for loan losses	(1,957)	(1,024)	(912)	(997)
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	225,652	224,887
Allowance for loan losses	(4,232)	(2,977)	(4,176)	(2,981)
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	306,775	313,580
Allowance for loan losses	(1,801)	(2,540)	(2,782)	(2,723)
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	119,398	120,416
Allowance for loan losses	(4,734)	$ (3,109)	$ (1,091)	$ (1,282)
Municipal, consumer, and other | Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	$ 6,587

LOANS AND THE ALLOWANCE FOR L_4

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	$ 22,299	$ 20,509	$ 19,765
Provision for loan losses	10,532	3,404	5,697
Charge-offs	(2,968)	(3,273)	(6,485)
Recoveries	1,975	1,659	1,532
Allowance for loan losses at end of period	31,838	22,299	20,509
Commercial and industrial
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	4,441	3,748	5,411
Provision for loan losses	677	1,139	(532)
Charge-offs	(1,784)	(886)	(1,446)
Recoveries	595	440	315
Allowance for loan losses at end of period	3,929	4,441	3,748
Agricultural and farmland
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	2,766	2,650	2,385
Provision for loan losses	(1,946)	146	265
Charge-offs	(27)	(30)
Allowance for loan losses at end of period	793	2,766	2,650
Commercial real estate - owner occupied
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	1,779	2,506	1,510
Provision for loan losses	961	(376)	3,294
Charge-offs	(39)	(407)	(2,352)
Recoveries	440	56	54
Allowance for loan losses at end of period	3,141	1,779	2,506
Commercial real estate - non-owner occupied
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	3,663	2,644	2,476
Provision for loan losses	7,862	1,110	264
Charge-offs	(349)	(111)	(237)
Recoveries	75	20	141
Allowance for loan losses at end of period	11,251	3,663	2,644
Multi-family
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	1,024	912	997
Provision for loan losses	933	153	109
Charge-offs		(41)	(194)
Allowance for loan losses at end of period	1,957	1,024	912
Construction and land development
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	2,977	4,176	2,981
Provision for loan losses	1,032	(1,640)	993
Charge-offs	(27)	(9)	(58)
Recoveries	250	450	260
Allowance for loan losses at end of period	4,232	2,977	4,176
One-to-four family residential
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	2,540	2,782	2,723
Provision for loan losses	(894)	513	984
Charge-offs	(155)	(1,105)	(1,415)
Recoveries	310	350	490
Allowance for loan losses at end of period	1,801	2,540	2,782
Municipal, consumer, and other
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	3,109	1,091	1,282
Provision for loan losses	1,907	2,359	320
Charge-offs	(587)	(684)	(783)
Recoveries	305	343	272
Allowance for loan losses at end of period	$ 4,734	$ 3,109	$ 1,091

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	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	$ 2,133,446	$ 2,051,802
Individually evaluated for impairment, Loans	77,804	69,351
Total	2,247,006	2,163,826
Collectively evaluated for impairment, Allowance for loan losses	21,152	15,496
Individually evaluated for impairment, Allowance for loan losses	9,982	6,180
Total investments in loans	31,838	22,299	$ 20,509	$ 19,765
Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	35,756	42,673
Individually evaluated for impairment, Allowance for loan losses	704	623
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	387,072	294,006
Individually evaluated for impairment, Loans	5,312	10,733
Total	393,312	307,175
Collectively evaluated for impairment, Allowance for loan losses	2,736	1,926
Individually evaluated for impairment, Allowance for loan losses	1,193	2,170
Total investments in loans	3,929	4,441	3,748	5,411
Commercial and industrial | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	928	2,436
Individually evaluated for impairment, Allowance for loan losses		345
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	217,077	192,722
Individually evaluated for impairment, Loans	4,793	13,966
Total	222,723	207,776
Collectively evaluated for impairment, Allowance for loan losses	771	2,576
Individually evaluated for impairment, Allowance for loan losses	22	105
Total investments in loans	793	2,766	2,650	2,385
Agricultural and farmland | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	853	1,088
Individually evaluated for impairment, Allowance for loan losses		85
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	201,417	211,744
Individually evaluated for impairment, Loans	13,132	10,927
Total	222,360	231,162
Collectively evaluated for impairment, Allowance for loan losses	2,306	1,486
Individually evaluated for impairment, Allowance for loan losses	429	270
Total investments in loans	3,141	1,779	2,506	1,510
Commercial real estate - owner occupied | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	7,811	8,491
Individually evaluated for impairment, Allowance for loan losses	406	23
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	480,165	561,277
Individually evaluated for impairment, Loans	25,993	3,398
Total	520,395	579,757
Collectively evaluated for impairment, Allowance for loan losses	6,736	3,591
Individually evaluated for impairment, Allowance for loan losses	4,255	70
Total investments in loans	11,251	3,663	2,644	2,476
Commercial real estate - non-owner occupied | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	14,237	15,082
Individually evaluated for impairment, Allowance for loan losses	260	2
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	234,252	176,273
Individually evaluated for impairment, Loans	876	1,324
Total	236,391	179,073
Collectively evaluated for impairment, Allowance for loan losses	1,950	1,019
Total investments in loans	1,957	1,024	912	997
Multi-family | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	1,263	1,476
Individually evaluated for impairment, Allowance for loan losses	7	5
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	219,822	217,708
Individually evaluated for impairment, Loans	3,809	3,782
Total	225,652	224,887
Collectively evaluated for impairment, Allowance for loan losses	3,984	2,283
Individually evaluated for impairment, Allowance for loan losses	222	567
Total investments in loans	4,232	2,977	4,176	2,981
Construction and land development | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	2,021	3,397
Individually evaluated for impairment, Allowance for loan losses	26	127
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	287,845	291,624
Individually evaluated for impairment, Loans	10,343	11,349
Total	306,775	313,580
Collectively evaluated for impairment, Allowance for loan losses	1,237	1,684
Individually evaluated for impairment, Allowance for loan losses	560	822
Total investments in loans	1,801	2,540	2,782	2,723
One-to-four family residential | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	8,587	10,607
Individually evaluated for impairment, Allowance for loan losses	4	34
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	105,796	106,448
Individually evaluated for impairment, Loans	13,546	13,872
Total	119,398	120,416
Collectively evaluated for impairment, Allowance for loan losses	1,432	931
Individually evaluated for impairment, Allowance for loan losses	3,301	2,176
Total investments in loans	4,734	3,109	$ 1,091	$ 1,282
Municipal, consumer, and other | Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	56	96
Individually evaluated for impairment, Allowance for loan losses	$ 1	$ 2

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	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Unpaid Principal Balance
With an allowance recorded	$ 43,955	$ 22,029
With no related allowance	37,232	47,386
Total	81,187	69,415
Recorded Investment
With an allowance recorded	43,302	21,991
With no related allowance	34,502	47,360
Total	77,804	69,351
Related Allowance	9,982	6,180
Average Recorded Investment
With an allowance recorded	27,449	23,400	$ 16,798
With no related allowance	52,983	49,910	45,121
Total	80,432	73,310	61,919
Interest Income Recognized
With an allowance recorded	1,008	860	510
With no related allowance	2,262	2,001	1,309
Total	3,270	2,861	1,819
Commercial and industrial
Unpaid Principal Balance
With an allowance recorded	2,737	4,292
With no related allowance	3,322	6,438
Total	6,059	10,730
Recorded Investment
With an allowance recorded	2,725	4,292
With no related allowance	2,587	6,441
Total	5,312	10,733
Related Allowance	1,193	2,170
Average Recorded Investment
With an allowance recorded	3,031	5,275	4,274
With no related allowance	4,004	6,744	5,093
Total	7,035	12,019	9,367
Interest Income Recognized
With an allowance recorded	169	152	106
With no related allowance	251	206	59
Total	420	358	165
Agricultural and farmland
Unpaid Principal Balance
With an allowance recorded	169	590
With no related allowance	4,625	13,369
Total	4,794	13,959
Recorded Investment
With an allowance recorded	168	590
With no related allowance	4,625	13,376
Total	4,793	13,966
Related Allowance	22	105
Average Recorded Investment
With an allowance recorded	273	464	566
With no related allowance	11,061	14,826	8,815
Total	11,334	15,290	9,381
Interest Income Recognized
With an allowance recorded	9	12	16
With no related allowance	561	824	526
Total	570	836	542
Commercial real estate - owner occupied
Unpaid Principal Balance
With an allowance recorded	3,072	830
With no related allowance	10,164	10,089
Total	13,236	10,919
Recorded Investment
With an allowance recorded	3,040	830
With no related allowance	10,092	10,097
Total	13,132	10,927
Related Allowance	429	270
Average Recorded Investment
With an allowance recorded	1,622	874	3,574
With no related allowance	11,056	10,190	12,217
Total	12,678	11,064	15,791
Interest Income Recognized
With an allowance recorded	98	43	67
With no related allowance	528	483	384
Total	626	526	451
Commercial real estate - non-owner occupied
Unpaid Principal Balance
With an allowance recorded	20,726	99
With no related allowance	5,727	3,297
Total	26,453	3,396
Recorded Investment
With an allowance recorded	20,394	99
With no related allowance	5,599	3,299
Total	25,993	3,398
Related Allowance	4,255	70
Average Recorded Investment
With an allowance recorded	6,345	101	640
With no related allowance	14,412	3,465	7,110
Total	20,757	3,566	7,750
Interest Income Recognized
With an allowance recorded	220	7	7
With no related allowance	458	131	147
Total	678	138	154
Multi-family
Unpaid Principal Balance
With no related allowance	876	1,328
Total	876	1,328
Recorded Investment
With no related allowance	876	1,324
Total	876	1,324
Average Recorded Investment
With an allowance recorded			1,472
With no related allowance	447	1,344	355
Total	447	1,344	1,827
Interest Income Recognized
With an allowance recorded			66
With no related allowance	10	9	17
Total	10	9	83
Construction and land development
Unpaid Principal Balance
With an allowance recorded	2,081	3,679
With no related allowance	1,762	104
Total	3,843	3,783
Recorded Investment
With an allowance recorded	2,055	3,679
With no related allowance	1,754	103
Total	3,809	3,782
Related Allowance	222	567
Average Recorded Investment
With an allowance recorded	2,441	3,988	2,593
With no related allowance	892	107	528
Total	3,333	4,095	3,121
Interest Income Recognized
With an allowance recorded	116	171	161
With no related allowance	23	4	3
Total	139	175	164
One-to-four family residential
Unpaid Principal Balance
With an allowance recorded	2,963	3,401
With no related allowance	9,325	7,986
Total	12,288	11,387
Recorded Investment
With an allowance recorded	2,739	3,390
With no related allowance	7,604	7,959
Total	10,343	11,349
Related Allowance	560	822
Average Recorded Investment
With an allowance recorded	3,120	3,414	3,377
With no related allowance	8,022	8,360	10,706
Total	11,142	11,774	14,083
Interest Income Recognized
With an allowance recorded	110	79	82
With no related allowance	316	240	168
Total	426	319	250
Municipal, consumer, and other
Unpaid Principal Balance
With an allowance recorded	12,207	9,138
With no related allowance	1,431	4,775
Total	13,638	13,913
Recorded Investment
With an allowance recorded	12,181	9,111
With no related allowance	1,365	4,761
Total	13,546	13,872
Related Allowance	3,301	2,176
Average Recorded Investment
With an allowance recorded	10,617	9,284	302
With no related allowance	3,089	4,874	297
Total	13,706	14,158	599
Interest Income Recognized
With an allowance recorded	286	396	5
With no related allowance	115	104	5
Total	$ 401	$ 500	$ 10

LOANS AND THE ALLOWANCE FOR L_7

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Past Due Status (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accruing Interest
Current	$ 2,235,144	$ 2,141,360
Nonaccrual	9,939	19,019
Total	2,247,006	2,163,826
30 - 89 Days Past Due
Accruing Interest
Past due	1,307	3,346
90+ Days Past Due
Accruing Interest
Past due	616	101
Commercial and industrial
Accruing Interest
Current	392,490	301,975
Nonaccrual	822	4,642
Total	393,312	307,175
Commercial and industrial | 30 - 89 Days Past Due
Accruing Interest
Past due		558
Agricultural and farmland
Accruing Interest
Current	222,723	201,519
Nonaccrual		6,257
Total	222,723	207,776
Commercial real estate - owner occupied
Accruing Interest
Current	221,308	228,218
Nonaccrual	940	2,003
Total	222,360	231,162
Commercial real estate - owner occupied | 30 - 89 Days Past Due
Accruing Interest
Past due	112	941
Commercial real estate - non-owner occupied
Accruing Interest
Current	516,387	579,626
Nonaccrual	4,008
Total	520,395	579,757
Commercial real estate - non-owner occupied | 30 - 89 Days Past Due
Accruing Interest
Past due		131
Multi-family
Accruing Interest
Current	236,391	177,696
Nonaccrual		1,377
Total	236,391	179,073
Construction and land development
Accruing Interest
Current	225,508	224,716
Nonaccrual	144	31
Total	225,652	224,887
Construction and land development | 30 - 89 Days Past Due
Accruing Interest
Past due		140
One-to-four family residential
Accruing Interest
Current	301,282	307,712
Nonaccrual	3,914	4,464
Total	306,775	313,580
One-to-four family residential | 30 - 89 Days Past Due
Accruing Interest
Past due	984	1,329
One-to-four family residential | 90+ Days Past Due
Accruing Interest
Past due	595	75
Municipal, consumer, and other
Accruing Interest
Current	119,055	119,898
Nonaccrual	111	245
Total	119,398	120,416
Municipal, consumer, and other | 30 - 89 Days Past Due
Accruing Interest
Past due	211	247
Municipal, consumer, and other | 90+ Days Past Due
Accruing Interest
Past due	$ 21	$ 26

LOANS AND THE ALLOWANCE FOR L_8

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Assigned Risk Ratings (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	$ 2,247,006	$ 2,163,826
Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	1,953,912	1,964,810
Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	208,584	126,596
Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	84,510	72,420
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	393,312	307,175
Commercial and industrial | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	368,843	267,645
Commercial and industrial | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	18,258	27,114
Commercial and industrial | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	6,211	12,416
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	222,723	207,776
Agricultural and farmland | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	191,662	180,735
Agricultural and farmland | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	25,540	12,267
Agricultural and farmland | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	5,521	14,774
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	222,360	231,162
Commercial real estate - owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	176,823	198,710
Commercial real estate - owner occupied | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	31,990	21,745
Commercial real estate - owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	13,547	10,707
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	520,395	579,757
Commercial real estate - non-owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	432,752	531,694
Commercial real estate - non-owner occupied | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	58,699	46,092
Commercial real estate - non-owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	28,944	1,971
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	236,391	179,073
Multi-family | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	204,449	175,807
Multi-family | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	31,066	1,771
Multi-family | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	876	1,495
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	225,652	224,887
Construction and land development | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	193,646	217,120
Construction and land development | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	28,193	3,582
Construction and land development | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	3,813	4,185
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	306,775	313,580
One-to-four family residential | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	280,198	287,036
One-to-four family residential | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	14,526	13,546
One-to-four family residential | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	12,051	12,998
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	119,398	120,416
Municipal, consumer, and other | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	105,539	106,063
Municipal, consumer, and other | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	312	479
Municipal, consumer, and other | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	$ 13,547	$ 13,874

LOANS AND THE ALLOWANCE FOR L_9

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Financial Effect of Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan	1	7	9
Recorded Investment, Pre-Modification	$ 853	$ 1,099	$ 6,870
Recorded Investment, Post-Modification	853	1,099	6,911
Charge-offs and Specific Reserves			684
Troubled debt restructuring subsequent payment defaults within 12 months		98	$ 927
Troubled debt restructurings	$ 8,950	$ 9,315
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan		3	2
Recorded Investment, Pre-Modification		$ 516	$ 296
Recorded Investment, Post-Modification		$ 516	296
Charge-offs and Specific Reserves			157
Troubled debt restructuring subsequent payment defaults within 12 months			$ 47
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan		2	1
Recorded Investment, Pre-Modification		$ 392	$ 171
Recorded Investment, Post-Modification		392	171
Troubled debt restructuring subsequent payment defaults within 12 months		$ 98	$ 166
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan	1	1	2
Recorded Investment, Pre-Modification	$ 853	$ 170	$ 5,173
Recorded Investment, Post-Modification	$ 853	$ 170	5,189
Charge-offs and Specific Reserves			47
Troubled debt restructuring subsequent payment defaults within 12 months			$ 172
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans | loan		1	4
Recorded Investment, Pre-Modification		$ 21	$ 1,230
Recorded Investment, Post-Modification		$ 21	1,255
Charge-offs and Specific Reserves			480
Troubled debt restructuring subsequent payment defaults within 12 months			$ 542

LOANS AND THE ALLOWANCE FOR _10

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Accretable Yield For Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in accretable yield for loans acquired with deteriorated credit quality
Beginning balance	$ 1,662	$ 2,101	$ 2,723
Reclassification from non-accretable difference	288	822	2,092
Accretion income	(553)	(1,261)	(2,714)
Ending balance	$ 1,397	$ 1,662	$ 2,101

LOANS AND THE ALLOWANCE FOR _11

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2020
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Troubled debt restructuring subsequent payment defaults within 12 months	$ 98	$ 927
Troubled debt restructurings	$ 9,315		$ 8,950

LOAN SERVICING - Mortgage Servi

LOAN SERVICING - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance	$ 8,518
Ending balance	5,934	$ 8,518
Mortgage Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance	8,518	10,918	$ 10,289
Capitalized servicing rights	1,981	1,018	885
Attributable to payments and principal reductions	(2,364)	(1,614)	(1,350)
Attributable to changes in valuation inputs and assumptions	(2,201)	(1,804)	1,094
Fair value adjustment	4,565	3,418	256
Ending balance	5,934	8,518	$ 10,918
Mortgage loans serviced for others	$ 1,090,219	$ 1,152,535

BANK PREMISES AND EQUIPMENT (De

BANK PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
BANK PREMISES AND EQUIPMENT
Bank premises and equipment	$ 98,825	$ 97,078
Less accumulated depreciation	45,921	43,091
Total bank premises and equipment, net	52,904	53,987
Land, buildings, and improvements
BANK PREMISES AND EQUIPMENT
Bank premises and equipment	75,790	75,878
Furniture, fixtures, and equipment
BANK PREMISES AND EQUIPMENT
Bank premises and equipment	$ 23,035	$ 21,200

BANK PREMISES AND EQUIPMENT - D

BANK PREMISES AND EQUIPMENT - Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
BANK PREMISES AND EQUIPMENT
Total depreciation expense	$ 2,941	$ 2,709	$ 3,219
Building and improvements
BANK PREMISES AND EQUIPMENT
Total depreciation expense	1,761	1,813	2,107
Furniture, fixtures, and equipment
BANK PREMISES AND EQUIPMENT
Total depreciation expense	$ 1,180	$ 896	$ 1,112

FORECLOSED ASSETS - Activity (D

FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
FORECLOSED ASSETS
Beginning balance	$ 5,099	$ 9,559	$ 16,545
Transfers from loans	1,074	2,520	2,518
Capitalized improvements	6	41
Proceeds from sales	(2,079)	(5,460)	(6,851)
Sales through loan origination	(67)	(2,046)	(1,220)
Net gain (loss) on sales	348	1,048	(268)
Direct write-downs	(213)	(563)	(1,165)
Ending balance	$ 4,168	$ 5,099	$ 9,559

FORECLOSED ASSETS - Gains (loss

FORECLOSED ASSETS - Gains (losses) on Foreclosed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
FORECLOSED ASSETS
Direct write-downs	$ (213)	$ (563)	$ (1,165)
Net gain (loss) on sales	348	1,048	(268)
Guarantee reimbursements	7	80
Gain on settlement		375
Gain on foreclosure			96
Gains (losses) on foreclosed assets	$ 142	$ 940	$ (1,337)

FORECLOSED ASSETS - Additional

FORECLOSED ASSETS - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 4,168	$ 5,099	$ 9,559	$ 16,545
One-to-four family residential real estate property
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 868	$ 1,037
Number of loans in the process of foreclosure | loan	11	10
Loan amount in the process of foreclosure	$ 1,526	$ 588

CORE DEPOSIT INTANGIBLE ASSET_2

CORE DEPOSIT INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Core deposit intangible assets:
Total	$ 2,798	$ 4,030
Core Deposits
Core deposit intangible assets:
Gross carrying amount	21,718	21,718
Accumulated amortization	(18,920)	(17,688)
Total	$ 2,798	$ 4,030

CORE DEPOSIT INTANGIBLE ASSET_3

CORE DEPOSIT INTANGIBLE ASSETS - Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Amortization of core deposit intangible assets:
2021	$ 1,047
2022	852
2023	330
2024	316
2025	253
Total	$ 2,798	$ 4,030

DEPOSITS - Interest bearing Dep

DEPOSITS - Interest bearing Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
DEPOSITS
Noninterest-bearing Deposit Liabilities	$ 882,939	$ 689,116
Interest-bearing demand	968,592	814,639
Money market	462,056	477,765
Savings	517,473	438,927
Time	299,474	356,408
Total interest-bearing deposits	2,247,595	2,087,739
Total deposits	$ 3,130,534	$ 2,776,855

DEPOSITS - Interest bearing D_2

DEPOSITS - Interest bearing Deposits - Narrative (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
DEPOSITS
Reciprocal transaction deposits, Money market deposits	$ 6,489	$ 14,309
Reciprocal transaction deposits, Time deposits	3,164	3,538
Time deposits in denominations of $250,000 or more	26,687	44,754
Time deposits in denominations of $100,000 or more	$ 99,649	$ 130,293

DEPOSITS - Interest expense on

DEPOSITS - Interest expense on Deposits - Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Maturities of Time Deposits:
2021	$ 218,378
2022	49,776
2023	14,864
2024	8,208
2025	8,101
Thereafter	147
Total	$ 299,474	$ 356,408

DEPOSITS - Interest expense o_2

DEPOSITS - Interest expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
DEPOSITS
Interest-bearing demand	$ 647	$ 1,474	$ 1,378
Money market	697	1,837	685
Savings	196	278	283
Time	2,681	4,343	3,541
Total interest expense on deposits	$ 4,221	$ 7,932	$ 5,887

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
Balance at end of year	$ 45,736	$ 44,433
Weighted average rate as of end of year	0.06%	0.20%
Fair value of securities underlying the agreements	$ 62,472	$ 57,760
Carrying value of securities underlying the agreements	$ 62,415	$ 57,760

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
BORROWINGS
Borrowings	$ 0	$ 0
Securities pledged, served as collateral	493,690	548,229
Loans pledged in association with Mortgage Partnership Finance Program	355	355
FRB Discount Window
BORROWINGS
Borrowings	0	0
Securities pledged, served as collateral	$ 499	$ 515

SUBORDINATED NOTES (Details)

SUBORDINATED NOTES (Details) - Subordinated Notes - USD ($) $ in Thousands	Sep. 03, 2020	Dec. 31, 2020
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	$ 40,000	$ 40,000
Debt issuance costs	$ 789
Amortization period of debt issuance costs	10 years
Qualifies as Tier 2 capital	100.00%
First five years
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Fixed interest rate	4.50%
Subsequent five years | SOFR
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Spread on interest rate basis	4.37%

SUBORDINATED NOTES - Summary (D

SUBORDINATED NOTES - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 03, 2020
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Subordinated notes, at carrying value	$ 39,238
Subordinated Notes
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	40,000	$ 40,000
Unamortized issuance costs	(762)
Subordinated notes, at carrying value	$ 39,238

JUNIOR SUBORDINATED DEBENTURE_3

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Carrying Values (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)subsidiary	Dec. 31, 2019USD ($)
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Number of subsidiary business trusts | subsidiary	5
Junior subordinated debentures issued to capital trusts	$ 37,648	$ 37,583
Subordinated notes, at carrying value	39,238
Junior Subordinated Debentures Issued
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	38,765	38,765
Subordinated notes, at carrying value	37,648	37,583
Junior Subordinated Debentures Issued | Heartland Bancorp, Inc. Capital Trust B
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	10,310	10,310
Junior Subordinated Debentures Issued | Heartland Bancorp, Inc. Capital Trust C
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	10,310	10,310
Junior Subordinated Debentures Issued | Heartland Bancorp, Inc. Capital Trust D
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	5,155	5,155
Junior Subordinated Debentures Issued | FFBI Capital Trust I
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	7,217	7,217
Junior Subordinated Debentures Issued | National Bancorp Statutory Trust I
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Face amount	5,773	5,773
Unamortized discount	$ (1,117)	$ (1,182)

JUNIOR SUBORDINATED DEBENTURE_4

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Interest rate and maturities (Details) - Junior Subordinated Debentures Issued	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Heartland Bancorp, Inc. Capital Trust B
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Interest Rate	2.99%	4.74%
Heartland Bancorp, Inc. Capital Trust B | LIBOR
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Spread on interest rate basis	2.75%
Heartland Bancorp, Inc. Capital Trust C
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Interest Rate	1.75%	3.42%
Heartland Bancorp, Inc. Capital Trust C | LIBOR
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Spread on interest rate basis	1.53%
Heartland Bancorp, Inc. Capital Trust D
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Interest Rate	1.57%	3.24%
Heartland Bancorp, Inc. Capital Trust D | LIBOR
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Spread on interest rate basis	1.35%
FFBI Capital Trust I
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Interest Rate	3.04%	4.79%
FFBI Capital Trust I | LIBOR
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Spread on interest rate basis	2.80%
National Bancorp Statutory Trust I
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Interest Rate	3.12%	4.79%
National Bancorp Statutory Trust I | LIBOR
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Spread on interest rate basis	2.90%

JUNIOR SUBORDINATED DEBENTURE_5

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Narrative (Details) - period	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Trust preferred securities qualified as Tier 1 capital	100.00%	100.00%
Junior Subordinated Debentures Issued
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Maximum deferred interest period quarters	10
Period shorten the maturity date from the event	90 days

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
DERIVATIVE FINANCIAL INSTRUMENTS
Cash pledged	$ 1,630,000	$ 710,000
Securities pledged	$ 15,490,000	$ 8,713,000
Interest rate swap | Cash flow hedge | Variable-rate borrowings
DERIVATIVE FINANCIAL INSTRUMENTS
Notional amount			$ 10,000,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Derivative instrument assets and liabilities (Details) - Designated - Interest rate swap - Cash flow hedge - Other liabilities - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative financial liability fair value	$ (1,458)	$ (676)
Derivative financial liability notional amount	$ 17,000	$ 17,000

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts designated as cash flow hedges (Details) - Cash flow hedge - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	$ (238)	$ 87	$ 175
Taxable loan interest income
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	64	116	$ 175
Subordinated debentures interest expense
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income	$ (302)	$ (29)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts not designated as hedging instruments (Details) - Not designated - Interest rate swap - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
DERIVATIVE FINANCIAL INSTRUMENTS
Gross gains	$ 24,758	$ 13,537	$ 1,758
Gross losses	(24,758)	(13,500)	$ (1,758)
Net gains		37
Other assets
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	122,313	138,356
Derivative financial assets fair value	15,360	8,642
Other assets | Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	122,313	114,140
Derivative financial assets fair value	15,360	8,532
Other assets | Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount		24,216
Derivative financial assets fair value		110
Other liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	122,313	138,356
Derivative financial liabilities fair value	(15,360)	(8,642)
Other liabilities | Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount		24,216
Derivative financial liabilities fair value		(110)
Other liabilities | Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	122,313	114,140
Derivative financial liabilities fair value	$ (15,360)	$ (8,532)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	$ 332,918	$ 340,396	$ 323,916
Adoption of ASU 2016-01	363,917	332,918	340,396
Other comprehensive income (loss), before tax	14,444	11,409	(3,791)
Income tax expense (benefit)	4,123	(711)
Other comprehensive income (loss), after tax	10,321	12,120	(3,791)
Balance	363,917	332,918	340,396
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	7,832	(4,288)	(375)
Adoption of ASU 2016-01	18,153	7,832	(4,288)
Other comprehensive income (loss) before reclassifications	14,188	11,760	(5,775)
Reclassifications	256	(351)	1,984
Other comprehensive income (loss), before tax	14,444	11,409
Income tax expense (benefit)	4,123	(711)
Other comprehensive income (loss), after tax	10,321	12,120	(3,791)
Balance	18,153	7,832	(4,288)
Unrealized gains (losses) on available-for-sale securities
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	8,659	(4,561)	(1,288)
Adoption of ASU 2016-01	19,578	8,659	(4,561)
Other comprehensive income (loss) before reclassifications	15,272	12,458	(5,692)
Reclassifications			2,541
Other comprehensive income (loss), before tax	15,272	12,458
Income tax expense (benefit)	4,353	(762)
Other comprehensive income (loss), after tax	10,919	13,220	(3,151)
Balance	19,578	8,659	(4,561)
Unrealized gains (losses) on held-to-maturity securities
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	(131)	122	504
Adoption of ASU 2016-01	(118)	(131)	122
Reclassifications	18	(264)	(382)
Other comprehensive income (loss), before tax	18	(264)
Income tax expense (benefit)	5	(11)
Other comprehensive income (loss), after tax	13	(253)	(382)
Balance	(118)	(131)	122
Derivatives
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance	(696)	151	409
Adoption of ASU 2016-01	(1,307)	(696)	151
Other comprehensive income (loss) before reclassifications	(1,084)	(698)	(83)
Reclassifications	238	(87)	(175)
Other comprehensive income (loss), before tax	(846)	(785)
Income tax expense (benefit)	(235)	62
Other comprehensive income (loss), after tax	(611)	(847)	(258)
Balance	$ (1,307)	(696)	151
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance		(122)
Adoption of ASU 2016-01		(122)	(122)
Balance			(122)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unrealized gains (losses) on available-for-sale securities
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance		(122)
Adoption of ASU 2016-01		$ (122)	(122)
Balance			$ (122)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Oct. 11, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
INCOME TAXES
Deferred tax asset	$ 534		$ 3,406
Income tax benefit	534	$ (12,728)	$ (5,256)	$ (869)
Deferred income tax expense in accordance with ASC 740-20-45-8	$ 2,741

INCOME TAXES - Allocation (Deta

INCOME TAXES - Allocation (Details) - USD ($) $ in Thousands	Oct. 11, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current
Federal		$ 8,358	$ 4,849
State		4,709	3,102	$ 869
Total current		13,067	7,951	869
Deferred
Federal		(226)	(1,437)
State		(113)	(724)
Change in tax status			(534)
Total deferred		(339)	(2,695)
Income tax expense	$ (534)	$ 12,728	$ 5,256	$ 869

INCOME TAXES - Federal income t

INCOME TAXES - Federal income tax (Details) - USD ($) $ in Thousands	Oct. 11, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Federal income tax expense:
Federal income tax, at statutory rate		$ 10,410	$ 3,933
Federal income tax, at statutory rate (as a percent)		21.00%	5.50%
Increase (decrease) resulting from:
Federally tax exempt interest income		$ (1,470)	$ (372)
Federally tax exempt interest income (as a percent)		(3.00%)	(0.50%)
State taxes, net of federal benefit		$ 3,631	$ 2,212	$ 869
State taxes, net of federal benefit (as a percent)		7.40%	3.10%	1.30%
Change in tax status			$ (534)
Change in tax status (as a percent)			(0.80%)
Other		$ 157	$ 17
Other (as a percent)		0.30%
Income tax expense	$ (534)	$ 12,728	$ 5,256	$ 869
Total (as a percent)		25.70%	7.30%	1.30%

INCOME TAXES - Components of ne

INCOME TAXES - Components of net deferred tax asset (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Oct. 11, 2019
Deferred tax assets
Allowance for loan losses	$ 9,046	$ 6,309
Compensation related	2,301	5,859
Deferred loan fees	1,595	497
Nonaccrual interest	660	858
Foreclosed assets	45	574
Goodwill	336	531
Other	1,046	785
Total deferred tax assets	15,029	15,413
Deferred tax liabilities
Fixed asset depreciation	4,361	4,201
Mortgage servicing rights	1,692	2,428
Other purchase accounting adjustments	1,115	1,356
Intangible assets	580	841
Prepaid assets	685	504
Net unrealized gain on debt securities available-for-sale	6,604	2,251
Other	370	426
Total deferred tax liabilities	15,407	12,007
Net deferred tax (liability) asset	$ (378)
Net deferred tax (liability) asset		$ 3,406	$ 534

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
EARNINGS PER SHARE
Antidilutive securities excluded from the computation of diluted earnings per share		0	0
Numerator:
Net income	$ 36,845	$ 66,865	$ 63,799
Earnings allocated to unvested restricted stock units	(93)
Numerator for earnings per share - basic	$ 36,752	$ 66,865	$ 63,799
Denominator:
Weighted average common shares outstanding	27,457,306	20,090,270	18,047,332
Weighted average common shares outstanding, including all dilutive potential shares	27,457,306	20,090,270	18,047,332
EARNINGS PER SHARE - BASIC	$ 1.34	$ 3.33	$ 3.54
EARNINGS PER SHARE - DILUTED	$ 1.34	$ 3.33	$ 3.54

DEFERRED COMPENSATION (Details)

DEFERRED COMPENSATION (Details) - SERP - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
DEFERRED COMPENSATION
Deferred compensation liability	$ 0	$ 12,789
Deferred compensation expense	$ 1,660	$ 4,291	$ 505
Period over which SERP benefit payments to be paid	30 years

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
EMPLOYEE BENEFIT PLANS
Contribution liability	$ 6,287	$ 6,194
Medical benefits expense amount	4,840	3,734	$ 4,387
Profit Sharing Plan
EMPLOYEE BENEFIT PLANS
Contribution expense	$ 1,118	$ 1,223	$ 1,109
Employees contributions vesting period	6 years

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details) $ / shares in Units, $ in Thousands	Jun. 24, 2020USD ($)$ / sharesshares	Jan. 28, 2020USD ($)$ / sharesshares	Dec. 31, 2020USD ($)installment$ / sharesshares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)	Oct. 10, 2019$ / shares	Oct. 09, 2019shares
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense (benefit)			$ 214	$ 343	$ 540
Special dividend per share | $ / shares						$ 9.43
Restricted Stock Units
STOCK-BASED COMPENSATION PLANS
Granted (in units) | shares			73,700
Granted (in dollars per unit) | $ / shares			$ 18.98
Total stock-based compensation expense (benefit)			$ 351
Unrecognized compensation cost related to non-vested stock-based compensation agreements			$ 997
Outstanding (in dollars per unit) | $ / shares			$ 18.98
Restricted Stock Units | Key employees
STOCK-BASED COMPENSATION PLANS
Shares granted | shares		70,400
Vesting period		4 years
Restricted Stock Units | Non employee directors
STOCK-BASED COMPENSATION PLANS
Shares granted | shares	550	2,750
Granted (in dollars per unit) | $ / shares	$ 12.71	$ 19.03
Fair value of units granted	$ 7	$ 1,392
Stock Appreciation Rights
STOCK-BASED COMPENSATION PLANS
Granted (in units) | shares				110,160
Vesting period			4 years
Total stock-based compensation expense (benefit)			$ (137)	$ 343	$ 540
Unrecognized compensation cost related to non-vested stock-based compensation agreements			51
Stock appreciation rights plan liability recorded for the outstanding units			272	409
Stock appreciation rights plan liability recorded for the previously exercised units			$ 1,087	$ 1,512
Number of equal annual instalments in which the liability recorded for previously exercised units will be paid | installment			4
Outstanding (in dollars per unit) | $ / shares			$ 16.32
Omnibus Incentive Plan
STOCK-BASED COMPENSATION PLANS
Authorized number of shares | shares							1,820,000

STOCK-BASED COMPENSATION PLAN_3

STOCK-BASED COMPENSATION PLANS - Summary (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restricted Stock Units
Stock-based compensation plans
Granted (in units)	73,700
Forfeited (in units)	(2,700)
Outstanding (in units)	71,000
Weighted Average Grant Date Assigned Value
Granted (in dollars per unit)	$ 18.98
Forfeited (in dollars per unit)	19.03
Outstanding (in dollars per unit)	$ 18.98
Restricted Stock Units | $12.71
Stock-based compensation plans
Outstanding (in units)	550
Weighted Average Grant Date Assigned Value
Exercisable (in dollars per unit)	$ 12.71
Weighted average remaining contractual term	1 month 6 days
Restricted Stock Units | $19.03
Stock-based compensation plans
Outstanding (in units)	70,450
Weighted Average Grant Date Assigned Value
Exercisable (in dollars per unit)	$ 19.03
Weighted average remaining contractual term	3 years
Stock Appreciation Rights
Stock-based compensation plans
Outstanding (in units)	110,160	91,800	116,280
Granted (in units)		110,160
Vested (in units)		(91,800)	(24,480)
Forfeited (in units)	(4,590)
Outstanding (in units)	105,570	110,160	91,800
Exercisable (in shares)	87,210
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 16.32
Outstanding (in dollars per unit)	16.32	$ 5.73	$ 5.66
Granted (in dollars per unit)		16.32
Exercised (in dollars per unit)		5.73	5.43
Forfeited (in dollars per unit)	16.32
Outstanding (in dollars per unit)	$ 16.32	$ 16.32	$ 5.73
Weighted average remaining contractual term	8 years 6 months

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS - Summary of assumptions used (Details) - Stock Appreciation Rights	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.80%	1.90%
Expected volatility	34.72%	28.83%
Expected life (in years)	8 years 8 months 12 days	9 years 8 months 12 days
Expected dividend yield	3.96%	3.16%

REGULATORY CAPITAL (Details)

REGULATORY CAPITAL (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	2.5	2.5
Heartland Bank
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount	$ 382,511	$ 315,516
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	195,787	180,071
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	244,733	225,088
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	351,904	295,385
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	146,840	135,053
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	195,787	180,071
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	351,904	295,385
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	110,130	101,290
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	159,077	146,307
Tier 1 Capital (to Average Assets), Actual Amount	351,904	295,385
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	143,296	115,281
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 179,120	$ 144,102
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	15.63	14.02
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	8	8
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	10	10
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	14.38	13.12
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	6	6
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	8	8
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	14.38%	13.12%
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)	9.82	10.25
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)	4	4
Tier 1 Capital (to Average Assets), To Be well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5	5
State Bank of Lincoln
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount		$ 35,390
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount		16,104
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		20,130
Tier 1 Capital (to Risk Weighted Assets), Actual Amount		33,222
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount		12,078
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		16,104
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount		33,222
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount		9,058
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		13,084
Tier 1 Capital (to Average Assets), Actual Amount		33,222
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount		13,531
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		$ 16,914
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)		17.58
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)		8
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)		10
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)		16.50
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)		6
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)		8
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)		16.50%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)		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%
Tier 1 Capital (to Average Assets), Actual Ratio (as a percent)		9.82
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)		4
Tier 1 Capital (to Average Assets), To Be well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)		5
Consolidated HBT
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount	$ 426,283	$ 356,994
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	195,970	196,358
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	356,410	334,695
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	146,977	147,268
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	319,927	298,277
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	110,233	110,451
Tier 1 Capital (to Average Assets), Actual Amount	356,410	334,695
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	$ 143,454	$ 129,027
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	17.40	14.54
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	8	8
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	14.55	13.64
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	6	6
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	13.06%	12.15%
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)	9.94	10.38
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)	4	4

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
FAIR VALUE OF FINANCIAL INSTRUMENTS
Transfer of assets from level 1 to level 2	$ 0	$ 0
Transfer of assets from level 2 to level 1	0	0
Transfer of assets in to level 3	0	0
Transfer of assets out of level 3	0	0
Transfer of liabilities from level 1 to level 2	0	0
Transfer of liabilities from level 2 to level 1	0	0
Transfer of liabilities in to level 3	0	0
Transfer of liabilities out of level 3	0	0
Debt securities available-for-sale, at fair value	922,869	592,404
Equity securities	3,292	3,241
Fair value	5,934	8,518
U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	121,993	49,615
Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	274,261	133,738
Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	203,252	200,678
Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	250,766	134,954
Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	72,597	73,419
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,292	3,241
Fair value	5,934	8,518
Derivative financial assets fair value	15,360	8,642
Derivative financial liabilities fair value	16,818	9,318
Recurring | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	121,993	49,615
Recurring | Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	274,261	133,738
Recurring | Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	203,252	200,678
Recurring | Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	250,766	134,954
Recurring | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	72,597	73,419
Recurring | Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,292	3,241
Recurring | Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivative financial assets fair value	15,360	8,642
Derivative financial liabilities fair value	16,818	9,318
Recurring | Level 2 | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	121,993	49,615
Recurring | Level 2 | Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	274,261	133,738
Recurring | Level 2 | Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	203,252	200,678
Recurring | Level 2 | Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	250,766	134,954
Recurring | Level 2 | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	72,597	73,419
Recurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 5,934	$ 8,518

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Mortgage Servicing Rights (Details) $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 5,934	$ 8,518
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	5,934	8,518
Recurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 5,934	$ 8,518
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Recurring | Level 3 | Constant pre-payment rates (CPR)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 5,934	$ 8,518
Recurring | Level 3 | Constant pre-payment rates (CPR) | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.070	0.070
Recurring | Level 3 | Constant pre-payment rates (CPR) | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.850	0.685
Recurring | Level 3 | Constant pre-payment rates (CPR) | Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.173	0.123
Recurring | Level 3 | Discount rate | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.090	0.090
Recurring | Level 3 | Discount rate | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.110	0.110
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	Dec. 31, 2020	Dec. 31, 2019
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	$ 14,713	$ 4,531
Collateral-dependent impaired loans	33,320	15,811
Bank premises held for sale	121	121
Foreclosed assets	4,168	5,099
Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	14,713	4,531
Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Collateral-dependent impaired loans	33,320	15,811
Bank premises held for sale	121	121
Foreclosed assets	$ 4,168	$ 5,099

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable inputs used in nonrecurring measurements (Details) - Nonrecurring - Level 3 $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
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	$ 33,320	$ 15,811
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	$ 121
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	$ 4,168	$ 5,099
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	Dec. 31, 2020	Dec. 31, 2019
Financial assets:
Debt securities held-to-maturity	$ 72,441	$ 90,529
Level 1 | Carrying Amount
Financial assets:
Cash and cash equivalents	312,451	283,971
Interest-bearing time deposits with banks		248
Level 1 | Estimated Fair Value
Financial assets:
Cash and cash equivalents	312,451	283,971
Interest-bearing time deposits with banks		248
Level 2 | Carrying Amount
Financial assets:
Debt securities held-to-maturity	68,395	88,477
Accrued interest receivable	14,255	13,951
Financial liabilities:
Securities sold under agreements to repurchase	45,736	44,433
Accrued interest payable	1,151	1,132
Level 2 | Estimated Fair Value
Financial assets:
Debt securities held-to-maturity	72,441	90,529
Accrued interest receivable	14,255	13,951
Financial liabilities:
Securities sold under agreements to repurchase	45,736	44,433
Accrued interest payable	1,151	1,132
Level 3 | Carrying Amount
Financial assets:
Restricted stock	2,498	2,425
Loans, net	2,215,168	2,141,527
Investments in unconsolidated subsidiaries	1,165	1,165
Financial liabilities:
Time deposits	299,474	356,408
Level 3 | Estimated Fair Value
Financial assets:
Restricted stock	2,498	2,425
Loans, net	2,235,767	2,181,103
Investments in unconsolidated subsidiaries	1,165	1,165
Financial liabilities:
Time deposits	300,989	355,340
Subordinated Notes | Level 3 | Carrying Amount
Financial liabilities:
Subordinated debt	39,238
Subordinated Notes | Level 3 | Estimated Fair Value
Financial liabilities:
Subordinated debt	38,403
Junior Subordinated Debentures Issued | Level 3 | Carrying Amount
Financial liabilities:
Subordinated debt	37,648	37,583
Junior Subordinated Debentures Issued | Level 3 | Estimated Fair Value
Financial liabilities:
Subordinated debt	$ 23,766	$ 31,959

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Standby letters of credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 10,031	$ 8,991
Commitments to extend credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 530,191	$ 542,705

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Lease Commitments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
COMMITMENTS AND CONTINGENCIES
Leases renewal options	true
Lease Commitments
2021	$ 144
2022	102
2023	71
2024	71
2025	33
Total	$ 421
Minimum
COMMITMENTS AND CONTINGENCIES
Lease renewal term	3 years
Maximum
COMMITMENTS AND CONTINGENCIES
Lease renewal term	5 years

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Related party transactions
Deposits of related parties	$ 3,130,534	$ 2,776,855
Related parties
Related party transactions
Loans to related parties	3,072	4,162
Deposits of related parties	$ 2,596	$ 11,949

CONDENSED PARENT COMPANY ONLY_3

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 312,451	$ 283,971
Other assets	20,664	16,640
Total assets	3,666,567	3,245,103
LIABILITIES
Subordinated notes	39,238
Junior subordinated debentures	37,648	37,583
Other liabilities	49,494	53,314
Total liabilities	3,302,650	2,912,185
STOCKHOLDERS' EQUITY	363,917	332,918	$ 340,396	$ 323,916
Total liabilities and stockholders’ equity	3,666,567	3,245,103
Reportable Legal Entities | Consolidated HBT
ASSETS
Cash and cash equivalents	44,149	4,978
Bank	397,201	363,860
Non-bank	1,165	1,201
Other assets	1,140	1,081
Total assets	443,655	371,120
LIABILITIES
Subordinated notes	39,238
Junior subordinated debentures	37,648	37,583
Other liabilities	2,852	619
Total liabilities	79,738	38,202
STOCKHOLDERS' EQUITY	363,917	332,918
Total liabilities and stockholders’ equity	$ 443,655	$ 371,120

CONDENSED PARENT COMPANY ONLY_4

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Statements of income (Details) - USD ($) $ in Thousands	Oct. 11, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other income		$ 3,812	$ 4,108	$ 3,560
Total noninterest income		34,456	32,751	31,240
Interest expense		6,460	9,935	7,990
INCOME BEFORE INCOME TAX EXPENSE		49,573	72,121	64,668
INCOME TAX EXPENSE	$ (534)	12,728	5,256	869
NET INCOME		36,845	66,865	63,799
Reportable Legal Entities | Consolidated HBT
Bank		17,600	109,969	44,446
Non-bank		36	385	941
Bank		22,462	(41,202)	23,239
Non-bank		(36)	(151)	(1,984)
Other income		215	52	1
Total noninterest income		40,277	69,053	66,643
Interest expense		2,189	1,922	1,795
Other expense		2,519	1,025	1,085
Total expenses		4,708	2,947	2,880
INCOME BEFORE INCOME TAX EXPENSE		35,569	66,106	63,763
INCOME TAX EXPENSE		(1,276)	(759)	(36)
NET INCOME		$ 36,845	$ 66,865	$ 63,799

CONDENSED PARENT COMPANY ONLY_5

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 36,845	$ 66,865	$ 63,799
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	351
Net cash provided by operating activities	31,255	89,092	79,994
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities	(523,559)	(73,117)	(189,412)
Net cash (used in) provided by investing activities	(380,450)	115,340	65,088
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of subordinated notes, net of issuance costs	39,211
Issuance of common stock, net of issuance costs		138,493
Repurchase of common stock			(907)
Net cash provided by (used in) financing activities	377,675	(107,340)	(123,886)
NET CHANGE IN CASH AND EQUIVALENTS	28,480	97,092	21,196
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	283,971	186,879	165,683
CASH AND CASH EQUIVALENTS AT END OF PERIOD	312,451	283,971	186,879
Reportable Legal Entities | Consolidated HBT
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	36,845	66,865	63,799
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed earnings of consolidated subsidiaries	(22,426)	41,353	(21,255)
Stock-based compensation	351
Amortization of discount and issuance costs on subordinated notes and debentures	92	66	66
Changes in other assets and liabilities, net	1,633	(1,912)	700
Net cash provided by operating activities	16,495	106,372	43,310
CASH FLOWS FROM INVESTING ACTIVITIES
Capital contribution to bank subsidiary		(17,000)
Capital contribution to non-bank subsidiary		(100)
Purchase of securities	(17)
Net cash (used in) provided by investing activities	(17)	(17,100)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of subordinated notes, net of issuance costs	39,211
Issuance of common stock, net of issuance costs		138,493
Repurchase of common stock			(907)
Cash dividends and dividend equivalents paid	(16,518)	(224,956)	(42,621)
Net cash provided by (used in) financing activities	22,693	(86,463)	(43,528)
NET CHANGE IN CASH AND EQUIVALENTS	39,171	2,809	(218)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	4,978	2,169	2,387
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 44,149	$ 4,978	$ 2,169