HBT Financial (HBT) 10-Q3 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
DOCUMENT AND ENTITY INFORMATION - shares	Jun. 30, 2022	Jul. 27, 2022
DOCUMENT AND ENTITY INFORMATION
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Entity File Number	001-39085
Entity Registrant Name	HBT Financial, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	37-1117216
Entity Address, Address Line One	401 North Hershey Rd
Entity Address, City or Town	Bloomington
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	61704
City Area Code	888
Local Phone Number	897-2276
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HBT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		28,806,827
Entity Central Index Key	0000775215
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 25,478	$ 23,387
Interest-bearing deposits with banks	134,553	385,881
Cash and cash equivalents	160,031	409,268
Interest-bearing time deposits with banks		490
Debt securities available-for-sale, at fair value	924,706	942,168
Debt securities held-to-maturity (fair value of $510,152 in 2022 and $336,027 in 2021)	548,236	336,185
Equity securities with readily determinable fair value	3,103	3,443
Equity securities with no readily determinable fair value	1,952	1,927
Restricted stock, at cost	2,813	2,739
Loans held for sale	5,312	4,942
Loans, before allowance for loan losses	2,451,826	2,499,689
Allowance for loan losses	(24,734)	(23,936)
Loans, net of allowance for loan losses	2,427,092	2,475,753
Bank owned life insurance	7,474	7,393
Bank premises and equipment, net	51,433	52,483
Bank premises held for sale	319	1,452
Foreclosed assets	2,891	3,278
Goodwill	29,322	29,322
Core deposit intangible assets, net	1,453	1,943
Mortgage servicing rights, at fair value	10,089	7,994
Investments in unconsolidated subsidiaries	1,165	1,165
Accrued interest receivable	14,263	14,901
Other assets	32,324	17,408
Total assets	4,223,978	4,314,254
Deposits:
Noninterest-bearing	1,028,790	1,087,659
Interest-bearing	2,673,196	2,650,526
Total deposits	3,701,986	3,738,185
Securities sold under agreements to repurchase	51,091	61,256
Subordinated notes	39,356	39,316
Junior subordinated debentures issued to capital trusts	37,747	37,714
Other liabilities	19,989	25,902
Total liabilities	3,850,169	3,902,373
COMMITMENTS AND CONTINGENCIES (Note 14)
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; shares issued of 29,308,491 at 2022 and 29,276,547 at 2021; shares outstanding of 28,831,197 at 2022 and 28,986,061 at 2021	293	293
Surplus	222,087	220,891
Retained earnings	212,506	194,132
Accumulated other comprehensive income (loss)	(52,820)	1,471
Treasury stock at cost, 477,294 shares at 2022 and 290,486 at 2021	(8,257)	(4,906)
Total stockholders' equity	373,809	411,881
Total liabilities and stockholders' equity	$ 4,223,978	$ 4,314,254

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Stockholders' Equity
Debt securities held-to-maturity	$ 510,152	$ 336,027
Allowance for loan losses	$ 24,734	$ 23,936
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	29,308,491	29,276,547
Common stock, shares outstanding	28,831,197	28,986,061
Treasury stock ,shares	477,294	290,486

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Loans, including fees:
Taxable	$ 27,843	$ 25,278	$ 54,649	$ 50,412
Federally tax exempt	679	540	1,341	1,150
Securities:
Taxable	5,663	4,058	10,312	7,691
Federally tax exempt	1,138	1,144	2,178	2,280
Interest-bearing deposits in bank	420	115	579	195
Other interest and dividend income	14	12	33	25
Total interest and dividend income	35,757	31,147	69,092	61,753
INTEREST EXPENSE
Deposits	506	613	1,075	1,257
Securities sold under agreements to repurchase	8	8	17	15
Borrowings	1		2	1
Subordinated notes	469	469	939	939
Junior subordinated debentures issued to capital trusts	400	357	758	712
Total interest expense	1,384	1,447	2,791	2,924
Net interest income	34,373	29,700	66,301	58,829
PROVISION FOR LOAN LOSSES	145	(2,162)	(439)	(5,567)
Net interest income after provision for loan losses	34,228	31,862	66,740	64,396
NONINTEREST INCOME
Mortgage servicing	661	711	1,319	1,396
Mortgage servicing rights fair value adjustment	366	(310)	2,095	1,385
Gains on sale of mortgage loans	326	1,562	913	3,662
Unrealized gains (losses) on equity securities	(153)	6	(340)	46
Gains (losses) on foreclosed assets	(7)	216	33	140
Gains (losses) on other assets	(43)	(48)	150	(47)
Income on bank owned life insurance	41		81
Other noninterest income	532	793	1,170	1,629
Total noninterest income	8,551	8,774	18,594	19,582
NONINTEREST EXPENSE
Salaries	12,936	12,173	25,737	24,651
Employee benefits	1,984	1,409	4,428	3,094
Occupancy of bank premises	1,741	1,463	3,801	3,401
Furniture and equipment	623	603	1,175	1,226
Data processing	1,990	1,721	3,643	3,409
Marketing and customer relations	1,205	843	2,056	1,408
Amortization of intangible assets	245	258	490	547
FDIC insurance	298	244	586	484
Loan collection and servicing	278	333	435	698
Foreclosed assets	31	319	163	462
Other noninterest expense	2,511	2,788	5,485	5,318
Total noninterest expense	23,842	22,154	47,999	44,698
INCOME BEFORE INCOME TAX EXPENSE	18,937	18,482	37,335	39,280
INCOME TAX EXPENSE	4,852	4,765	9,646	10,318
NET INCOME	$ 14,085	$ 13,717	$ 27,689	$ 28,962
EARNINGS PER SHARE - BASIC	$ 0.49	$ 0.50	$ 0.96	$ 1.06
EARNINGS PER SHARE - DILUTED	$ 0.49	$ 0.50	$ 0.95	$ 1.05
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING	28,891,202	27,362,579	28,938,634	27,396,557
Card income
NONINTEREST INCOME
Revenue	$ 2,714	$ 2,449	$ 5,118	$ 4,707
Service charges on deposit accounts
NONINTEREST INCOME
Revenue	1,792	1,390	3,444	2,687
Wealth management fees
NONINTEREST INCOME
Revenue	$ 2,322	$ 2,005	$ 4,611	$ 3,977

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
NET INCOME	$ 14,085	$ 13,717	$ 27,689	$ 28,962
OTHER COMPREHENSIVE (LOSS) INCOME
Unrealized (losses) gains on debt securities available-for-sale	(24,151)	8,800	(77,573)	(14,274)
Reclassification adjustment for amortization of net unrealized losses on debt securities transferred to held-to-maturity	549	199	730	231
Unrealized gains (losses) on derivative instruments	149	(38)	743	181
Reclassification adjustment for net settlements on derivative instruments	67	102	163	201
Total other comprehensive (loss) income, before tax	(23,386)	9,063	(75,937)	(13,661)
Income tax (benefit) expense	(6,666)	2,583	(21,646)	(3,894)
Total other comprehensive (loss) income	(16,720)	6,480	(54,291)	(9,767)
TOTAL COMPREHENSIVE (LOSS) INCOME	$ (2,635)	$ 20,197	$ (26,602)	$ 19,195

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Surplus	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total
Balance at Dec. 31, 2020	$ 275	$ 190,875	$ 154,614	$ 18,153		$ 363,917
Balance (in shares) at Dec. 31, 2020	27,457,306
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			28,962			28,962
Other comprehensive (loss) income				(9,767)		(9,767)
Stock-based compensation		310				310
Issuance of common stock upon vesting of restricted stock units (in shares)	20,225
Repurchase of common stock					$ (1,980)	(1,980)
Repurchase of common stock (in shares)	(122,478)
Cash dividends and dividend equivalents			(8,248)			(8,248)
Balance at Jun. 30, 2021	$ 275	191,185	175,328	8,386	(1,980)	373,194
Balance (in shares) at Jun. 30, 2021	27,355,053
Balance at Mar. 31, 2021	$ 275	191,004	165,735	1,906	(1,514)	357,406
Balance (in shares) at Mar. 31, 2021	27,382,069
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			13,717			13,717
Other comprehensive (loss) income				6,480		6,480
Stock-based compensation		181				181
Repurchase of common stock					(466)	(466)
Repurchase of common stock (in shares)	(27,016)
Cash dividends and dividend equivalents			(4,124)			(4,124)
Balance at Jun. 30, 2021	$ 275	191,185	175,328	8,386	(1,980)	373,194
Balance (in shares) at Jun. 30, 2021	27,355,053
Balance at Dec. 31, 2021	$ 293	220,891	194,132	1,471	(4,906)	411,881
Balance (in shares) at Dec. 31, 2021	28,986,061
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			27,689			27,689
Other comprehensive (loss) income				(54,291)		(54,291)
Stock-based compensation		1,253				1,253
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings		(57)				(57)
Issuance of common stock upon vesting of restricted stock units (in shares)	31,944
Repurchase of common stock					(3,351)	(3,351)
Repurchase of common stock (in shares)	(186,808)
Cash dividends and dividend equivalents			(9,315)			(9,315)
Balance at Jun. 30, 2022	$ 293	222,087	212,506	(52,820)	(8,257)	373,809
Balance (in shares) at Jun. 30, 2022	28,831,197
Balance at Mar. 31, 2022	$ 293	221,735	203,076	(36,100)	(5,849)	383,155
Balance (in shares) at Mar. 31, 2022	28,967,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			14,085			14,085
Other comprehensive (loss) income				(16,720)		(16,720)
Stock-based compensation		352				352
Repurchase of common stock					(2,408)	(2,408)
Repurchase of common stock (in shares)	(136,746)
Cash dividends and dividend equivalents			(4,655)			(4,655)
Balance at Jun. 30, 2022	$ 293	$ 222,087	$ 212,506	$ (52,820)	$ (8,257)	$ 373,809
Balance (in shares) at Jun. 30, 2022	28,831,197

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Stock Transactions, Parenthetical Disclosures [Abstract]
Cash dividends	$ 0.16	$ 0.15	$ 0.32	$ 0.30

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 27,689	$ 28,962
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	1,532	1,545
Provision for loan losses	(439)	(5,567)
Net amortization of debt securities	3,609	3,553
Deferred income tax expense	141	1,137
Stock-based compensation	1,253	310
Net accretion of discount and deferred loan fees on loans	(3,263)	(5,499)
Net unrealized loss (gain) on equity securities	340	(46)
Net loss on disposals of bank premises and equipment	14	14
Net gain on sales of bank premises held for sale	(187)
Impairment losses on bank premises held for sale	23
Net gain on sales of foreclosed assets	(98)	(213)
Write-down of foreclosed assets	65	73
Amortization of intangibles	490	547
Increase in mortgage servicing rights	(2,095)	(1,385)
Amortization of discount and issuance costs on subordinated notes and debentures	73	72
Amortization of premium on interest-bearing time deposits with banks	5
Amortization of premium on time deposits	(126)
Mortgage loans originated for sale	(38,091)	(114,768)
Proceeds from sale of mortgage loans	38,634	127,192
Net gain on sale of mortgage loans	(913)	(3,662)
Increase in cash surrender value of bank owned life insurance	(81)
Decrease in accrued interest receivable	638	1,470
Decrease in other assets	1,827	2,190
Increase in other liabilities	(245)	(12,311)
Net cash provided by operating activities	30,795	23,614
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from maturities of interest-bearing time deposits with banks	485
Proceeds from sales of securities available-for-sale	0	0
Proceeds from paydowns, maturities, and calls of debt securities	74,703	101,621
Purchase of securities	(349,769)	(273,352)
Net decrease in loans	52,336	95,944
Purchase of restricted stock	(74)	(241)
Purchases of bank premises and equipment	(496)	(572)
Proceeds from sales of bank premises and equipment		17
Proceeds from sales of bank premises held for sale	1,297
Proceeds from sales of foreclosed assets	447	1,229
Net cash used in investing activities	(221,071)	(75,354)
CASH FLOWS FROM FINANCING ACTIVITIES
Net (decrease) increase in deposits	(36,073)	294,100
Net (decrease) increase in repurchase agreements	(10,165)	1,020
Taxes paid related to the vesting of restricted stock units	(57)
Repurchase of common stock	(3,351)	(1,980)
Cash dividends and dividend equivalents paid	(9,315)	(8,248)
Net cash (used in) provided by financing activities	(58,961)	284,892
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(249,237)	233,152
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	409,268	312,451
CASH AND CASH EQUIVALENTS AT END OF PERIOD	160,031	545,603
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	2,860	3,118
Cash paid for income taxes	7,845	12,991
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfers of loans to foreclosed assets	$ 27	4,856
Sales of foreclosed assets through loan origination		$ 178

ACCOUNTING POLICIES

ACCOUNTING POLICIES	6 Months Ended
ACCOUNTING POLICIES	Jun. 30, 2022
ACCOUNTING POLICIES
ACCOUNTING POLICIES	NOTE 1 – ACCOUNTING POLICIES Basis of Presentation HBT Financial, Inc. (“HBT Financial” or 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 and Eastern Iowa. Additionally, the Company is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory agencies. The unaudited consolidated financial statements, including the notes thereto, have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) interim reporting requirements. Certain information in footnote disclosures normally included in financial statements prepared in accordance with GAAP has been condensed or omitted pursuant to rules and regulations of the SEC. These interim unaudited consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 11, 2022. The unaudited consolidated financial statements include all normal, recurring adjustments necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year. The Company qualifies as an "emerging growth company" as defined by the Jumpstart Our Business Startups Act (“JOBS Act”). The JOBS Act permits emerging growth companies an extended transition period for complying with new or revised accounting standards affecting public companies. The Company may remain an emerging growth company until the earliest to occur of: (1) the end of the fiscal year following the fifth anniversary of the completion of our initial public offering, which is December 31, 2024, (2) the last day of the fiscal year in which the Company has $1.07 billion or more in annual revenues, (3) the date on which the Company is deemed to be a “large accelerated filer” under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or (4) the date on which the Company has, during the previous three year period, issued, publicly or privately, more than $1.0 billion in non-convertible debt securities. The Company has elected to use the extended transition period until the Company is no longer an emerging growth company or until the Company chooses to affirmatively and irrevocably opt out of the extended transition period. As a result, the Company’s financial statements may not be comparable to companies that comply with new or revised accounting pronouncements applicable to public companies. Use of Estimates The accompanying consolidated financial statements have been prepared in conformity with GAAP. 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 and fair value of assets acquired and liabilities assumed in business combinations. Segment Reporting The Company’s operations consist of one reportable segment. The Company’s chief operating decision maker evaluates the operations of the Company using consolidated information for purposes of allocating resources and assessing performance. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation without any impact on the reported amounts of net income or stockholders’ equity. Subsequent Events In preparing these consolidated financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. 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 The Company has formed an implementation team to assess the impact that ASU 2016-13 will have on the Company’s consolidated financial statements. For the majority of loans evaluated on a pooled basis, the Company anticipates using a discounted cash flow method which considers instrument level cash flows adjusted for, among other factors, prepayment speeds, probability of default, and loss given default. The Company also anticipates using regression analysis of historical internal and peer data to determine which variables are best suited to be economic variables utilized when modeling lifetime probability of default and loss given default. The ultimate impact to the Company’s financial condition and results of operations of ASU 2016-13, at both adoption and each subsequent reporting period, is highly dependent on credit quality, macroeconomic forecasts and conditions, the composition of our loan and securities portfolios, along with other management judgments. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment 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 Reference Rate Reform (Topic 848): Scope,

ACQUISITIONS

ACQUISITIONS	6 Months Ended
ACQUISITIONS	Jun. 30, 2022
ACQUISITIONS
ACQUISITIONS	NOTE 2 – ACQUISITIONS NXT Bancorporation, Inc. On October 1, 2021, HBT Financial acquired 100% of the issued and outstanding common stock of NXT Bancorporation, Inc. (“NXT”), the holding company for NXT Bank, pursuant to an Agreement and Plan of Merger dated June 7, 2021. Under the Agreement and Plan of Merger, NXT merged with and into HBT Financial, with HBT Financial as the surviving entity, on October 1, 2021. Additionally, NXT Bank was merged with and into Heartland Bank, with Heartland Bank as the surviving entity, in December 2021. At the effective time of the merger, each share of NXT was converted into the right to receive 67.6783 shares of HBT Financial common stock, cash in lieu of fractional shares, and $400 in cash. There were 1,799,016 shares of HBT Financial common stock issued at the effective time of the acquisition with an aggregate market value of $29.3 million, based on the closing stock price of $16.27 on October 1, 2021. This transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed, and consideration exchanged were recorded at estimated fair values on the date of acquisition. Goodwill of $5.7 million was recorded in the acquisition, which reflects expected synergies from combining the operations of HBT Financial and NXT, and is nondeductible for tax purposes. The acquisition of NXT provided an opportunity to utilize Heartland Bank’s excess liquidity at the time of acquisition to replace NXT Bank’s higher-cost funding. Additionally, Heartland Bank’s broader range of products and services, as well as a greater ability to meet larger borrowing needs, has provided an opportunity to expand NXT Bank’s customer relationships. During the three and six months ended June 30, 2021, HBT Financial incurred $0.2 million in pre-tax acquisition expenses related to the acquisition of NXT, comprised primarily of professional fees. These expenses are reflected in noninterest expense on the consolidated statements of income. There were no acquisition expenses related to the acquisition of NXT during the three and six months ended June 30, 2022. The fair value of the assets acquired and liabilities assumed from NXT on the acquisition date were as follows (dollars in thousands): Fair Value Assets acquired: Cash and cash equivalents $ 5,862 Interest-bearing time deposits with banks 739 Debt securities 18,295 Equity securities with readily determinable fair value 43 Restricted stock 796 Loans 194,576 Bank owned life insurance 7,352 Bank premises and equipment 3,667 Core deposit intangible assets 199 Mortgage servicing rights 370 Accrued interest receivable 886 Other assets 1,340 Total assets acquired 234,125 Liabilities assumed: Deposits 181,586 Securities sold under agreements to repurchase 4,080 FHLB advances 12,625 Other liabilities 1,633 Total liabilities assumed 199,924 Net assets acquired $ 34,201 Consideration paid: Cash $ 10,633 Common stock 29,270 Total consideration paid $ 39,903 Goodwill $ 5,702 The following table presents the acquired non-impaired loans as of the acquisition date (dollars in thousands): Fair Value $ 194,576 Gross contractual amounts receivable 196,104 Estimate of contractual cash flows not expected to be collected 1,045 There were no loans acquired with deteriorated credit quality from NXT. The following table provides the pro forma information for the results of operations for the three and six months ended June 30, 2021, as if the acquisition had occurred on January 1, 2020. The pro forma results combine the historical results of NXT into HBT Financial’s consolidated statements of income, including the impact of certain acquisition accounting adjustments, which include loan discount accretion, intangible assets amortization, deposit premium amortization, and borrowing premium amortization. The pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2020. No assumptions have been applied to the pro forma results of operations regarding possible revenue enhancements, provision for loan losses, expense efficiencies or asset dispositions. The acquisition-related expenses that have been recognized are included in net income in the following table. Pro Forma Three Months Ended Six Months Ended (dollars in thousands, except per share data) June 30, 2021 June 30, 2021 Total revenues (net interest income and noninterest income) $ 40,621 83,164 Net income 14,222 30,192 Earnings per share - basic 0.49 1.03 Earnings per share - diluted 0.49 1.03

SECURITIES

SECURITIES	6 Months Ended
SECURITIES	Jun. 30, 2022
SECURITIES
SECURITIES	NOTE 3 – SECURITIES Debt Securities The amortized cost and fair values of debt securities, with gross unrealized gains and losses, are as follows: June 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,930 $ — $ (10,725) $ 159,205 U.S. government agency 60,373 — (2,156) 58,217 Municipal 286,012 190 (25,661) 260,541 Mortgage-backed: Agency residential 236,516 152 (11,626) 225,042 Agency commercial 160,576 15 (11,355) 149,236 Corporate 74,345 215 (2,095) 72,465 Total available-for-sale 987,752 572 (63,618) 924,706 Held-to-maturity: U.S. government agency 88,413 — (5,364) 83,049 Municipal 40,920 376 (66) 41,230 Mortgage-backed: Agency residential 108,711 276 (1,971) 107,016 Agency commercial 310,192 45 (31,380) 278,857 Total held-to-maturity 548,236 697 (38,781) 510,152 Total debt securities $ 1,535,988 $ 1,269 $ (102,399) $ 1,434,858 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 109,002 $ 328 $ (354) $ 108,976 U.S. government agency 129,269 1,303 (2,467) 128,105 Municipal 293,837 6,144 (2,904) 297,077 Mortgage-backed: Agency residential 178,236 2,149 (919) 179,466 Agency commercial 164,875 1,234 (2,048) 164,061 Corporate 63,141 1,638 (296) 64,483 Total available-for-sale 938,360 12,796 (8,988) 942,168 Held-to-maturity: U.S. government agency 12,349 42 (51) 12,340 Municipal 15,666 809 — 16,475 Mortgage-backed: Agency residential 20,555 196 (102) 20,649 Agency commercial 287,615 1,749 (2,801) 286,563 Total held-to-maturity 336,185 2,796 (2,954) 336,027 Total debt securities $ 1,274,545 $ 15,592 $ (11,942) $ 1,278,195 On March 31, 2022, June 30, 2021, and March 31, 2021, the Company transferred certain debt securities from the available-for-sale category to the held-to-maturity category in order to better reflect the revised intentions of the Company due to possible market value volatility, resulting from a potential rise in interest rates. The following is a summary of the amortized cost and fair value of securities transferred to the held-to-maturity category: March 31, 2022 June 30, 2021 March 31, 2021 Amortized Amortized Amortized Cost Fair Value Cost Fair Value Cost Fair Value (dollars in thousands) U.S. government agency $ 78,841 $ 71,048 $ — $ — $ 7,593 $ 7,323 Mortgage-backed: Agency residential 8,175 7,651 — — 8,776 8,536 Agency commercial 27,834 25,432 99,271 99,275 118,792 113,861 Total $ 114,850 $ 104,131 $ 99,271 $ 99,275 $ 135,161 $ 129,720 The debt securities were transferred between categories at fair value, with the transfer date fair value becoming the new amortized cost for each security transferred. The unrealized gain (loss), net of tax, at the date of transfer remains a component of accumulated other comprehensive income, but will be amortized over the remaining life of the debt securities as an adjustment of yield in a manner consistent with amortization of any premium or discount. As a result, the amortization of an unrealized gain (loss) reported in accumulated other comprehensive income will offset or mitigate the effect on interest income of the amortization of the premium or discount for that held-to-maturity debt security. As of June 30, 2022 and December 31, 2021, the Bank had debt securities with a carrying value of $394.0 million and $353.3 million, respectively, which were pledged to secure public 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 49% of the municipal portfolio consists of debt securities issued by municipalities located in Illinois as of June 30, 2022. Approximately 81% of such debt securities were general obligation issues as of June 30, 2022. The amortized cost and fair value of debt securities by contractual maturity, as of June 30, 2022, 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 Cost Fair Value Amortized Cost Fair Value (dollars in thousands) Due in 1 year or less $ 29,520 $ 29,517 $ 2,140 $ 2,159 Due after 1 year through 5 years 209,572 202,398 26,318 26,058 Due after 5 years through 10 years 272,306 247,656 77,431 73,997 Due after 10 years 79,262 70,857 23,444 22,065 Mortgage-backed: Agency residential 236,516 225,042 108,711 107,016 Agency commercial 160,576 149,236 310,192 278,857 Total $ 987,752 $ 924,706 $ 548,236 $ 510,152 The following tables present gross unrealized losses and fair value of debt securities, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position, as of June 30, 2022 and December 31, 2021: Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total June 30, 2022 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ (10,725) $ 159,205 $ — $ — $ (10,725) $ 159,205 U.S. government agency (2,156) 58,197 — — (2,156) 58,197 Municipal (15,751) 176,771 (9,910) 50,424 (25,661) 227,195 Mortgage-backed: Agency residential (11,320) 203,603 (306) 4,556 (11,626) 208,159 Agency commercial (8,812) 114,025 (2,543) 22,685 (11,355) 136,710 Corporate (1,085) 46,792 (1,010) 3,952 (2,095) 50,744 Total available-for-sale (49,849) 758,593 (13,769) 81,617 (63,618) 840,210 Held-to-maturity: U.S. government agency (2,564) 40,773 (2,800) 42,276 (5,364) 83,049 Municipal (66) 6,513 — — (66) 6,513 Mortgage-backed: Agency residential (1,971) 74,978 — — (1,971) 74,978 Agency commercial (31,078) 274,153 (302) 2,238 (31,380) 276,391 Total held-to-maturity (35,679) 396,417 (3,102) 44,514 (38,781) 440,931 Total debt securities $ (85,528) $ 1,155,010 $ (16,871) $ 126,131 $ (102,399) $ 1,281,141 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2021 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ (354) $ 68,410 $ — $ — $ (354) $ 68,410 U.S. government agency (2,183) 80,219 (284) 5,578 (2,467) 85,797 Municipal (2,018) 89,424 (886) 17,327 (2,904) 106,751 Mortgage-backed: Agency residential (851) 91,703 (68) 4,305 (919) 96,008 Agency commercial (1,921) 113,111 (127) 6,443 (2,048) 119,554 Corporate (7) 2,737 (289) 4,671 (296) 7,408 Total available-for-sale (7,334) 445,604 (1,654) 38,324 (8,988) 483,928 Held-to-maturity: U.S. government agency (51) 4,949 — — (51) 4,949 Mortgage-backed: Agency residential (102) 14,932 — — (102) 14,932 Agency commercial (2,673) 174,428 (128) 2,776 (2,801) 177,204 Total held-to-maturity (2,826) 194,309 (128) 2,776 (2,954) 197,085 Total debt securities $ (10,160) $ 639,913 $ (1,782) $ 41,100 $ (11,942) $ 681,013 As of June 30, 2022, there were 87 debt securities in an unrealized loss position for a period of twelve months or more, and 603 debt securities in an unrealized loss position for a period of less than twelve months. These unrealized losses are primarily a result of fluctuations in market interest rates. In analyzing an issuer’s financial condition, management considers whether the debt 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 debt securities are deemed to be temporary. There were no sales of debt securities during the three and six months ended June 30, 2022 and 2021. 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 consolidated statements of income. 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: Readily No Readily Determinable Determinable June 30, 2022 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,117 Cumulative net unrealized gains (losses) (39) (165) Carrying value $ 3,103 $ 1,952 Readily No Readily Determinable Determinable December 31, 2021 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,092 Cumulative net unrealized gains (losses) 301 (165) Carrying value $ 3,443 $ 1,927 As of June 30, 2022 and December 31, 2021, the cumulative net unrealized losses on equity securities with no readily determinable fair value reflect 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. There were no sales of equity securities during the three and six months ended June 30, 2022 and 2021. Unrealized gains (losses) on equity securities were as follows during the three and six months ended June 30, 2022: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Readily determinable fair value $ (153) $ 6 $ (340) $ 46 No readily determinable fair value — — — — Unrealized gains (losses) on equity securities $ (153) $ 6 $ (340) $ 46

LOANS AND THE ALLOWANCE FOR LOA

LOANS AND THE ALLOWANCE FOR LOAN LOSSES	6 Months Ended
LOANS AND THE ALLOWANCE FOR LOAN LOSSES	Jun. 30, 2022
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 are summarized as follows: June 30, 2022 December 31, 2021 (dollars in thousands) Commercial and industrial $ 249,839 $ 286,946 Agricultural and farmland 230,370 247,796 Commercial real estate - owner occupied 228,997 234,544 Commercial real estate - non-owner occupied 656,093 684,023 Multi-family 269,452 263,911 Construction and land development 332,041 298,048 One-to-four family residential 325,047 327,837 Municipal, consumer, and other 159,987 156,584 Loans, before allowance for loan losses 2,451,826 2,499,689 Allowance for loan losses (24,734) (23,936) Loans, net of allowance for loan losses $ 2,427,092 $ 2,475,753 Paycheck Protection Program (PPP) loans (included above) Commercial and industrial $ 2,823 $ 28,404 Agricultural and farmland 9 913 Municipal, consumer, and other — 171 Total PPP loans $ 2,832 $ 29,488 The following tables detail activity in the allowance for loan losses for the three and six months ended June 30: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Three Months Ended June 30, 2022 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, March 31, 2022 $ 2,491 $ 842 $ 1,511 $ 7,014 $ 1,354 $ 4,493 $ 1,583 $ 5,220 $ 24,508 Provision for loan losses 450 82 (287) (408) 21 (434) 51 670 145 Charge-offs — — — — — — (47) (112) (159) Recoveries 40 — — 5 — — 109 86 240 Balance, June 30, 2022 $ 2,981 $ 924 $ 1,224 $ 6,611 $ 1,375 $ 4,059 $ 1,696 $ 5,864 $ 24,734 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Three Months Ended June 30, 2021 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, March 31, 2021 $ 2,420 $ 865 $ 2,715 $ 11,330 $ 2,090 $ 4,006 $ 1,573 $ 3,760 $ 28,759 Provision for loan losses 578 (84) (769) (1,511) (81) (261) (45) 11 (2,162) Charge-offs (295) — — — — — (41) (66) (402) Recoveries 14 — — 6 — 179 33 80 312 Balance, June 30, 2021 $ 2,717 $ 781 $ 1,946 $ 9,825 $ 2,009 $ 3,924 $ 1,520 $ 3,785 $ 26,507 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and Six Months Ended June 30, 2022 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Allowance for loan losses: (dollars in thousands) Balance, December 31, 2021 $ 2,440 $ 845 $ 1,840 $ 8,145 $ 1,263 $ 4,914 $ 1,311 $ 3,178 $ 23,936 Provision for loan losses (203) 79 (716) (1,804) 112 (855) 171 2,777 (439) Charge-offs (5) — — — — — (49) (239) (293) Recoveries 749 — 100 270 — — 263 148 1,530 Balance, June 30, 2022 $ 2,981 $ 924 $ 1,224 $ 6,611 $ 1,375 $ 4,059 $ 1,696 $ 5,864 $ 24,734 Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Consumer and and Owner Non-owner Construction Residential and Six Months Ended June 30, 2021 Industrial Farmland Occupied Occupied Multi-Family and Land Real Estate Other Total Allowance for loan losses: (dollars in thousands) Balance, December 31, 2020 $ 3,929 $ 793 $ 3,141 $ 11,251 $ 1,957 $ 4,232 $ 1,801 $ 4,734 $ 31,838 Provision for loan losses (1,224) (12) (1,195) (1,439) 52 (577) (243) (929) (5,567) Charge-offs (295) — — — — — (113) (189) (597) Recoveries 307 — — 13 — 269 75 169 833 Balance, June 30, 2021 $ 2,717 $ 781 $ 1,946 $ 9,825 $ 2,009 $ 3,924 $ 1,520 $ 3,785 $ 26,507 The following tables present the recorded investments in loans and the allowance for loan losses by category: Commercial Commercial Municipal, Commercial Agricultural Real Estate Real Estate Construction One-to-four Consumer, and and Owner Non-owner and Land Family and June 30, 2022 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 240,604 $ 229,409 $ 211,886 $ 611,614 $ 268,880 $ 328,912 $ 311,353 $ 147,226 $ 2,349,884 Individually evaluated for impairment 9,101 247 12,524 32,430 — 2,008 8,560 12,737 77,607 Acquired with deteriorated credit quality 134 714 4,587 12,049 572 1,121 5,134 24 24,335 Total $ 249,839 $ 230,370 $ 228,997 $ 656,093 $ 269,452 $ 332,041 $ 325,047 $ 159,987 $ 2,451,826 Allowance for loan losses: Collectively evaluated for impairment $ 2,827 $ 924 $ 993 $ 3,968 $ 1,372 $ 4,056 $ 1,594 $ 1,873 $ 17,607 Individually evaluated for impairment 154 — 208 2,641 — — 100 3,991 7,094 Acquired with deteriorated credit quality — — 23 2 3 3 2 — 33 Total $ 2,981 $ 924 $ 1,224 $ 6,611 $ 1,375 $ 4,059 $ 1,696 $ 5,864 $ 24,734 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, 2021 Industrial Farmland Occupied Occupied Multi-Family Development Residential Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 272,064 $ 247,021 $ 216,794 $ 641,555 $ 262,701 $ 293,548 $ 314,807 $ 143,510 $ 2,392,000 Individually evaluated for impairment 14,744 12 12,332 29,575 — 2,018 6,897 13,041 78,619 Acquired with deteriorated credit quality 138 763 5,418 12,893 1,210 2,482 6,133 33 29,070 Total $ 286,946 $ 247,796 $ 234,544 $ 684,023 $ 263,911 $ 298,048 $ 327,837 $ 156,584 $ 2,499,689 Allowance for loan losses: Collectively evaluated for impairment $ 2,253 $ 845 $ 1,480 $ 5,138 $ 1,259 $ 4,895 $ 1,099 $ 1,302 $ 18,271 Individually evaluated for impairment 187 — 327 2,999 — — 210 1,875 5,598 Acquired with deteriorated credit quality — — 33 8 4 19 2 1 67 Total $ 2,440 $ 845 $ 1,840 $ 8,145 $ 1,263 $ 4,914 $ 1,311 $ 3,178 $ 23,936 The following tables present loans individually evaluated for impairment by category of loans: Unpaid Principal Recorded Related June 30, 2022 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 254 $ 254 $ 154 Agricultural and farmland — — — Commercial real estate - owner occupied 742 742 208 Commercial real estate - non-owner occupied 14,526 14,513 2,641 Multi-family — — — Construction and land development — — — One-to-four family residential 576 534 100 Municipal, consumer, and other 8,312 8,289 3,991 Total $ 24,410 $ 24,332 $ 7,094 With no related allowance: Commercial and industrial $ 8,861 $ 8,847 $ — Agricultural and farmland 247 247 — Commercial real estate - owner occupied 11,936 11,782 — Commercial real estate - non-owner occupied 17,997 17,917 — Multi-family — — — Construction and land development 2,108 2,008 — One-to-four family residential 9,337 8,026 — Municipal, consumer, and other 4,488 4,448 — Total $ 54,974 $ 53,275 $ — Total loans individually evaluated for impairment: Commercial and industrial $ 9,115 $ 9,101 $ 154 Agricultural and farmland 247 247 — Commercial real estate - owner occupied 12,678 12,524 208 Commercial real estate - non-owner occupied 32,523 32,430 2,641 Multi-family — — — Construction and land development 2,108 2,008 — One-to-four family residential 9,913 8,560 100 Municipal, consumer, and other 12,800 12,737 3,991 Total $ 79,384 $ 77,607 $ 7,094 Unpaid Principal Recorded Related December 31, 2021 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 303 $ 303 $ 187 Agricultural and farmland — — — Commercial real estate - owner occupied 3,013 3,013 327 Commercial real estate - non-owner occupied 14,912 14,893 2,999 Multi-family — — — Construction and land development — — — One-to-four family residential 1,421 1,314 210 Municipal, consumer, and other 8,523 8,498 1,875 Total $ 28,172 $ 28,021 $ 5,598 With no related allowance: Commercial and industrial $ 14,452 $ 14,441 $ — Agricultural and farmland 12 12 — Commercial real estate - owner occupied 9,534 9,319 — Commercial real estate - non-owner occupied 14,755 14,682 — Multi-family — — — Construction and land development 2,112 2,018 — One-to-four family residential 7,129 5,583 — Municipal, consumer, and other 4,603 4,543 — Total $ 52,597 $ 50,598 $ — Total loans individually evaluated for impairment: Commercial and industrial $ 14,755 $ 14,744 $ 187 Agricultural and farmland 12 12 — Commercial real estate - owner occupied 12,547 12,332 327 Commercial real estate - non-owner occupied 29,667 29,575 2,999 Multi-family — — — Construction and land development 2,112 2,018 — One-to-four family residential 8,550 6,897 210 Municipal, consumer, and other 13,126 13,041 1,875 Total $ 80,769 $ 78,619 $ 5,598 The following tables present the average recorded investment and interest income recognized for loans individually evaluated for impairment by category of loans: Three Months Ended June 30, 2022 2021 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 267 $ 4 $ 1,888 $ 27 Agricultural and farmland — — 165 2 Commercial real estate - owner occupied 745 11 2,744 46 Commercial real estate - non-owner occupied 14,603 185 15,564 197 Multi-family — — — — Construction and land development — — — — One-to-four family residential 548 4 2,165 23 Municipal, consumer, and other 8,344 46 8,726 39 Total $ 24,507 $ 250 $ 31,252 $ 334 With no related allowance: Commercial and industrial $ 15,156 $ 156 $ 7,393 $ 76 Agricultural and farmland 252 3 383 5 Commercial real estate - owner occupied 11,887 141 5,530 70 Commercial real estate - non-owner occupied 17,947 340 5,586 70 Multi-family — — 874 — Construction and land development 2,012 26 1,971 — One-to-four family residential 8,181 84 6,600 48 Municipal, consumer, and other 4,480 33 4,704 22 Total $ 59,915 $ 783 $ 33,041 $ 291 Total loans individually evaluated for impairment: Commercial and industrial $ 15,423 $ 160 $ 9,281 $ 103 Agricultural and farmland 252 3 548 7 Commercial real estate - owner occupied 12,632 152 8,274 116 Commercial real estate - non-owner occupied 32,550 525 21,150 267 Multi-family — — 874 — Construction and land development 2,012 26 1,971 — One-to-four family residential 8,729 88 8,765 71 Municipal, consumer, and other 12,824 79 13,430 61 Total $ 84,422 $ 1,033 $ 64,293 $ 625 Six Months Ended June 30, 2022 2021 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 280 $ 8 $ 2,076 $ 58 Agricultural and farmland — — 166 4 Commercial real estate - owner occupied 1,580 44 2,993 87 Commercial real estate - non-owner occupied 14,728 371 17,949 405 Multi-family — — — — Construction and land development — — 1,118 27 One-to-four family residential 597 9 2,404 46 Municipal, consumer, and other 8,426 85 8,764 79 Total $ 25,611 $ 517 $ 35,470 $ 706 With no related allowance: Commercial and industrial $ 17,316 $ 356 $ 4,248 $ 90 Agricultural and farmland 244 3 383 11 Commercial real estate - owner occupied 11,460 247 7,554 192 Commercial real estate - non-owner occupied 16,728 538 5,625 138 Multi-family — — 875 10 Construction and land development 2,014 48 1,868 26 One-to-four family residential 8,453 141 6,789 97 Municipal, consumer, and other 4,511 54 4,725 44 Total $ 60,726 $ 1,387 $ 32,067 $ 608 Total loans individually evaluated for impairment: Commercial and industrial $ 17,596 $ 364 $ 6,324 $ 148 Agricultural and farmland 244 3 549 15 Commercial real estate - owner occupied 13,040 291 10,547 279 Commercial real estate - non-owner occupied 31,456 909 23,574 543 Multi-family — — 875 10 Construction and land development 2,014 48 2,986 53 One-to-four family residential 9,050 150 9,193 143 Municipal, consumer, and other 12,937 139 13,489 123 Total $ 86,337 $ 1,904 $ 67,537 $ 1,314 The following tables present the recorded investment in loans by category based on current payment and accrual status: Accruing Interest 30 - 89 Days 90+ Days Total June 30, 2022 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 249,547 $ 21 $ 182 $ 89 $ 249,839 Agricultural and farmland 229,878 492 — — 230,370 Commercial real estate - owner occupied 228,997 — — — 228,997 Commercial real estate - non-owner occupied 655,089 — — 1,004 656,093 Multi-family 269,452 — — — 269,452 Construction and land development 331,393 131 — 517 332,041 One-to-four family residential 322,580 869 23 1,575 325,047 Municipal, consumer, and other 159,726 198 — 63 159,987 Total $ 2,446,662 $ 1,711 $ 205 $ 3,248 $ 2,451,826 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2021 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 286,563 $ 9 $ — $ 374 $ 286,946 Agricultural and farmland 247,772 24 — — 247,796 Commercial real estate - owner occupied 234,441 103 — — 234,544 Commercial real estate - non-owner occupied 683,029 823 — 171 684,023 Multi-family 263,911 — — — 263,911 Construction and land development 297,465 64 — 519 298,048 One-to-four family residential 325,780 383 32 1,642 327,837 Municipal, consumer, and other 156,297 214 16 57 156,584 Total $ 2,495,258 $ 1,620 $ 48 $ 2,763 $ 2,499,689 The following tables present total loans by category based on their assigned risk ratings determined by management: June 30, 2022 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 231,925 $ 8,813 $ 9,101 $ — $ 249,839 Agricultural and farmland 215,962 13,530 878 — 230,370 Commercial real estate - owner occupied 199,482 17,815 11,700 — 228,997 Commercial real estate - non-owner occupied 609,298 11,543 35,252 — 656,093 Multi-family 264,487 4,965 — — 269,452 Construction and land development 329,700 332 2,009 — 332,041 One-to-four family residential 309,631 6,280 9,136 — 325,047 Municipal, consumer, and other 146,964 286 12,737 — 159,987 Total $ 2,307,449 $ 63,564 $ 80,813 $ — $ 2,451,826 December 31, 2021 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 267,088 $ 5,114 $ 14,744 $ — $ 286,946 Agricultural and farmland 221,898 25,213 685 — 247,796 Commercial real estate - owner occupied 198,862 24,098 11,584 — 234,544 Commercial real estate - non-owner occupied 619,212 32,372 32,439 — 684,023 Multi-family 241,362 22,549 — — 263,911 Construction and land development 268,556 27,474 2,018 — 298,048 One-to-four family residential 308,951 11,221 7,665 — 327,837 Municipal, consumer, and other 143,299 244 13,041 — 156,584 Total $ 2,269,228 $ 148,285 $ 82,176 $ — $ 2,499,689 There were no new troubled debt restructurings during the three and six months ended June 30, 2022 or 2021. Of the troubled debt restructurings entered into during the last 12 months, there were none which had subsequent payment defaults during the three and six months ended June 30, 2022 or 2021. 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 June 30, 2022 and December 31, 2021, the Company had $3.3 million and $3.5 million 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 loans whose terms have been modified in troubled debt restructurings. 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 made prior to December 31, 2021 to borrowers experiencing financial hardship due to the COVID-19 pandemic generally do not need to be accounted for as a troubled debt restructuring. As of June 30, 2022, the Company had no loans that were granted a payment modification due to a COVID-19 related financial hardship which had not returned to regular payments. As of December 31, 2021, the Company had $0.2 million of loans that were granted a payment modification due to a COVID-19 related financial hardship and had 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. As of June 30, 2022 and December 31, 2021, the Company pledged loans totaling $570.7 million and $567.0 million, respectively, to the Federal Home Loan Bank of Chicago (“FHLB”) to secure available FHLB advance borrowing capacity. Changes in the accretable yield for loans acquired with deteriorated credit quality were as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Beginning balance $ 484 $ 1,338 $ 413 $ 1,397 Reclassification from non-accretable difference 100 79 217 153 Accretion income (47) (67) (93) (200) Ending balance $ 537 $ 1,350 $ 537 $ 1,350

LOAN SERVICING

LOAN SERVICING	6 Months Ended
LOAN SERVICING	Jun. 30, 2022
LOAN SERVICING
LOAN SERVICING	NOTE 5 – LOAN SERVICING Mortgage loans serviced for others, which are not included in the accompanying consolidated balance sheets, amounted to $997.6 million and $1.04 billion as of June 30, 2022 and December 31, 2021, respectively. Activity in mortgage servicing rights is as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Beginning balance $ 9,723 $ 7,629 $ 7,994 $ 5,934 Capitalized servicing rights 136 356 307 753 Fair value adjustment: Attributable to payments and principal reductions (379) (490) (686) (957) Attributable to changes in valuation inputs and assumptions 609 (176) 2,474 1,589 Total fair value adjustment 230 (666) 1,788 632 Ending balance $ 10,089 $ 7,319 $ 10,089 $ 7,319

FORECLOSED ASSETS

FORECLOSED ASSETS	6 Months Ended
FORECLOSED ASSETS	Jun. 30, 2022
FORECLOSED ASSETS
FORECLOSED ASSETS	NOTE 6 – FORECLOSED ASSETS Foreclosed assets activity is as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Beginning balance $ 3,043 $ 4,748 $ 3,278 $ 4,168 Transfers from loans 8 4,185 27 4,856 Proceeds from sales (153) (1,214) (447) (1,229) Sales through loan origination — (178) — (178) Net gain (loss) on sales (7) 216 98 213 Direct write-downs — — (65) (73) Ending balance $ 2,891 $ 7,757 $ 2,891 $ 7,757 Gains (losses) on foreclosed assets includes the following: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Direct write-downs $ — $ — $ (65) $ (73) Net gain (loss) on sales (7) 216 98 213 Gains (losses) on foreclosed assets $ (7) $ 216 $ 33 $ 140 The carrying value of foreclosed one-to-four family residential real estate properties held as of June 30, 2022 and December 31, 2021 was $8 thousand and $0.2 million, respectively. As of June 30, 2022, there was 1 one-to-four family residential real estate loan in the process of foreclosure totaling $0.2 million. As of December 31, 2021, there were 4 one-to-four family residential real estate loans in the process of foreclosure totaling $0.1 million.

DEPOSITS

DEPOSITS	6 Months Ended
DEPOSITS	Jun. 30, 2022
DEPOSITS
DEPOSITS	NOTE 7 – DEPOSITS The Company’s deposits are summarized below: June 30, 2022 December 31, 2021 (dollars in thousands) Noninterest-bearing deposits $ 1,028,790 $ 1,087,659 Interest-bearing deposits: Interest-bearing demand 1,162,292 1,105,949 Money market 581,058 583,198 Savings 654,953 633,171 Time 274,893 328,208 Total interest-bearing deposits 2,673,196 2,650,526 Total deposits $ 3,701,986 $ 3,738,185 Money market deposits include $4.2 million of brokered deposits as of December 31, 2021. Money market deposits also include $6.9 million and $6.9 million of reciprocal transaction deposits as of June 30, 2022 and December 31, 2021, respectively. Time deposits include $1.0 million and $0.9 million of reciprocal time deposits as of June 30, 2022, and December 31, 2021, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $25.4 million and $59.5 million as of June 30, 2022 and December 31, 2021, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $90.5 million and $133.1 million as of June 30, 2022 and December 31, 2021, respectively. The components of interest expense on deposits are as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Interest-bearing demand $ 144 $ 127 $ 286 $ 244 Money market 110 94 231 183 Savings 52 46 102 87 Time 200 346 456 743 Total interest expense on deposits $ 506 $ 613 $ 1,075 $ 1,257

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Jun. 30, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 8 – 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, net of tax, is 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: June 30, 2022 December 31, 2021 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets $ 17,000 $ 226 $ — $ — Fair value recorded in other liabilities — — 17,000 (680) As of June 30, 2022, the interest rate swap agreements designated as cash flow hedges had contractual maturities between 2024 and 2025. As of December 31, 2021, the Company had cash pledged 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 (loss) to income other comprehensive income Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Designated as cash flow hedges: (dollars in thousands) Junior subordinated debentures interest expense (67) (102) (163) (201) 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 interest rate 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 work 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: June 30, 2022 December 31, 2021 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 $ 36,495 $ 657 $ 112,041 $ 8,622 Interest rate swaps with a financial institution counterparty 74,142 3,052 3,880 75 Total fair value recorded in other assets $ 110,637 $ 3,709 $ 115,921 $ 8,697 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 74,142 $ (3,052) $ 3,880 $ (75) Interest rate swaps with a financial institution counterparty 36,495 (657) 112,041 (8,622) Total fair value recorded in other liabilities $ 110,637 $ (3,709) $ 115,921 $ (8,697) As of June 30, 2022, the interest rate swap agreements not designated as hedging instruments had contractual maturities between 2022 and 2042. As of December 31, 2021, the carrying value of debt securities pledged and held in safekeeping at a financial institution counterparty was $7.5 million. The effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income on the consolidated statements of income are summarized as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 4,681 $ 2,874 $ 10,094 $ 10,438 Gross losses (4,681) (2,874) (10,094) (10,438) Net gains (losses) $ — $ — $ — $ —

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Jun. 30, 2022
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 9 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents 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) Three Months Ended June 30, 2022 Balance, March 31, 2022 $ (24,794) $ (11,048) $ (258) $ (36,100) Other comprehensive income (loss) before reclassifications (24,151) — 149 (24,002) Reclassifications — 549 67 616 Other comprehensive income (loss), before tax (24,151) 549 216 (23,386) Income tax expense (benefit) (6,884) 157 61 (6,666) Other comprehensive income (loss), after tax (17,267) 392 155 (16,720) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Three Months Ended June 30, 2021 Balance, March 31, 2021 $ 6,971 $ (3,985) $ (1,080) $ 1,906 Transfer from available-for-sale to held-to-maturity (3) 3 — — Other comprehensive income (loss) before reclassifications 8,800 — (38) 8,762 Reclassifications — 199 102 301 Other comprehensive income, before tax 8,800 199 64 9,063 Income tax expense 2,508 57 18 2,583 Other comprehensive income, after tax 6,292 142 46 6,480 Balance, June 30, 2021 $ 13,260 $ (3,840) $ (1,034) $ 8,386 Unrealized Gains (Losses) on Debt Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Six Months Ended June 30, 2022 Balance, December 31, 2021 $ 5,736 $ (3,514) $ (751) $ 1,471 Transfer from available-for-sale to held-to-maturity 7,664 (7,664) — — Other comprehensive income (loss) before reclassifications (77,573) — 743 (76,830) Reclassifications — 730 163 893 Other comprehensive income (loss), before tax (77,573) 730 906 (75,937) Income tax expense (benefit) (22,112) 208 258 (21,646) Other comprehensive income (loss), after tax (55,461) 522 648 (54,291) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Six Months Ended June 30, 2021 Balance, December 31, 2020 $ 19,578 $ (118) $ (1,307) $ 18,153 Transfer from available-for-sale to held-to-maturity 3,887 (3,887) — — Other comprehensive income (loss) before reclassifications (14,274) — 181 (14,093) Reclassifications — 231 201 432 Other comprehensive income (loss), before tax (14,274) 231 382 (13,661) Income tax expense (benefit) (4,069) 66 109 (3,894) Other comprehensive income (loss), after tax (10,205) 165 273 (9,767) Balance, June 30, 2021 $ 13,260 $ (3,840) $ (1,034) $ 8,386 Reclassifications 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. Reclassifications 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. Reclassifications from accumulated other comprehensive income (loss) for the fair value of derivative financial instruments represent net interest payments received or made on derivatives designated as cash flow hedges. See Note 8 for additional information.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 10 – EARNINGS PER SHARE The Company has granted certain 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 from the Company’s outstanding restricted stock units and performance restricted stock units. The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Numerator: Net income $ 14,085 $ 13,717 $ 27,689 $ 28,962 Earnings allocated to participating securities (17) (25) (34) (56) Numerator for earnings per share - basic and diluted $ 14,068 $ 13,692 $ 27,655 $ 28,906 Denominator: Weighted average common shares outstanding 28,891,202 27,362,579 28,938,634 27,396,557 Dilutive effect of outstanding restricted stock units 53,674 17,701 48,688 10,137 Weighted average common shares outstanding, including all dilutive potential shares 28,944,876 27,380,280 28,987,322 27,406,694 Earnings per share - Basic $ 0.49 $ 0.50 $ 0.96 $ 1.06 Earnings per share - Diluted $ 0.49 $ 0.50 $ 0.95 $ 1.05

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	6 Months Ended
STOCK-BASED COMPENSATION PLANS	Jun. 30, 2022
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS	NOTE 11 – 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 (vi) other cash-based awards to eligible employees, non-employee directors and consultants of the Company. The maximum number of shares of common stock available for issuance under the Omnibus Incentive Plan is 1,820,000 shares. The following is a summary of stock-based compensation expense (benefit): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Restricted stock units $ 234 $ 148 $ 842 $ 262 Performance restricted stock units 118 33 411 48 Total awards classified as equity 352 181 1,253 310 Stock appreciation rights 7 — (16) 130 Total stock-based compensation expense $ 359 $ 181 $ 1,237 $ 440 In February 2022, all outstanding restricted stock unit and performance restricted stock unit agreements were modified to address treatment upon retirement. In the event of retirement, and if the retirement eligibility requirements are met, then 100% of unvested restricted stock units and performance restricted stock units will continue to vest in accordance with the originally established vesting schedule. The retirement modification resulted in the acceleration of $0.6 million of expense, although total compensation costs related to the modified agreements remained the same. Restricted Stock Units A restricted stock unit grants a participant the right to receive one share of the Company’s 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 service period for the entire award. Dividend equivalents on restricted stock units, which are either accrued until vested or paid at the same time as dividends on common stock, are classified as dividends charged to retained earnings. During the six months ended June 30, 2022 and 2021, the total grant date fair value of the restricted stock units granted was $0.9 million and $0.8 million, respectively, based on the grant date closing prices. The total intrinsic value of restricted stock that vested during the six months ended June 30, 2022 and 2021 was $0.7 million and $0.3 million, respectively. The following is a summary of restricted stock unit activity: Three Months Ended June 30, 2022 2021 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 120,631 $ 17.98 97,122 $ 17.36 Granted — — 4,000 17.93 Vested — — — — Forfeited — — (1,525) 18.11 Ending balance 120,631 $ 17.98 99,597 $ 17.37 Six Months Ended June 30, 2022 2021 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 109,244 $ 17.27 71,000 $ 18.98 Granted 46,312 19.11 50,347 15.72 Vested (34,925) 17.26 (20,225) 18.86 Forfeited — — (1,525) 18.11 Ending balance 120,631 $ 17.98 99,597 $ 17.37 As of June 30, 2022, unrecognized compensation cost related to the non-vested restricted stock units was $1.4 million. This cost is expected to be recognized over the weighted average remaining service period of 1.9 years. Performance Restricted Stock Units A performance restricted stock unit is similar to a restricted stock unit, except that the number of shares of the Company’s common stock awarded is based on a performance condition and the completion of the requisite service period. The number of shares of the Company’s common stock that may be earned ranges from 0% to 150% of the number of performance restricted stock units granted. Performance restricted stock units are classified as equity. Compensation cost is based on the Company’s stock price on the grant date and an assessment of the probable outcome of the performance condition. Compensation cost is recognized on a straight-line basis over the service period of the entire award. Changes in the performance condition probability assessment result in cumulative catch-up adjustments to the compensation cost recognized. Dividend equivalents on performance restricted stock units, which are accrued until vested, are classified as dividends charged to retained earnings. During the six months ended June 30, 2022 and 2021, the total fair value of the performance restricted stock units granted was $0.5 million and $0.4 million, respectively, based on the grant date closing prices and an assessment of the probable outcome of the performance condition on the grant date. The following is a summary of performance restricted stock unit activity: Three Months Ended June 30, 2022 2021 Weighted Weighted Performance Average Performance Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 62,067 $ 17.02 28,697 $ 15.53 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 62,067 $ 17.02 28,697 $ 15.53 Six months ended June 30, 2022 2021 Weighted Weighted Performance Average Performance Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 38,344 $ 15.72 — $ — Granted 23,723 19.14 28,697 15.53 Vested — — — — Forfeited — — — — Ending balance 62,067 $ 17.02 28,697 $ 15.53 As of June 30, 2022, unrecognized compensation cost related to non-vested performance restricted stock units was $0.5 million, based on the current assessment of the probable outcome of the performance conditions. This cost is expected to be recognized over the weighted average remaining service period of 1.8 years. 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 are classified as liabilities. The liability is based on an option-pricing model used to estimate the fair value of the stock appreciation rights. Compensation cost for non-vested stock appreciation rights is recognized on a straight line basis over the service period of the entire award. The non-vested stock appreciation rights vest in four equal annual installments beginning on the first anniversary of the grant date. The following is a summary of stock appreciation rights activity: Three Months Ended June 30, 2022 2021 Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Beginning balance 91,800 $ 16.32 104,040 $ 16.32 Granted — — — — Exercised — — (6,120) 16.32 Expired — — — — Forfeited — — — — Ending balance 91,800 $ 16.32 97,920 $ 16.32 Six Months Ended June 30, 2022 2021 Stock Appreciation Rights Weighted Average Grant Date Assigned Value Stock Appreciation Rights Weighted Average Grant Date Assigned Value Beginning balance 97,920 $ 16.32 105,570 $ 16.32 Granted — — — — Exercised (6,120) 16.32 (6,120) 16.32 Expired — — (1,530) 16.32 Forfeited — — — — Ending balance 91,800 $ 16.32 97,920 $ 16.32 A further summary of stock appreciation rights as of June 30, 2022, is as follows: Weighted Average Stock Appreciation Rights Remaining Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 91,800 79,560 6.7 years As of June 30, 2022, unrecognized compensation cost related to non-vested stock appreciation rights was $38 thousand. As of June 30, 2022 and December 31, 2021, the liability recorded for outstanding stock appreciation rights was $0.5 million and $0.5 million, respectively. 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. June 30, 2022 December 31, 2021 Risk-free interest rate 3.00 % 1.40 % Expected volatility 35.99 % 35.52 % Expected life (in years) 7.2 7.7 Expected dividend yield 3.58 % 3.20 % As of June 30, 2022, the liability recorded for previously exercised stock appreciation rights was $0.5 million, which will be paid in two remaining annual installments in 2023 and 2024. As of December 31, 2021, the liability recorded for previously exercised stock appreciation rights was $0.8 million.

REGULATORY MATTERS

REGULATORY MATTERS	6 Months Ended
REGULATORY MATTERS	Jun. 30, 2022
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 12 – REGULATORY MATTERS 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. Additionally, 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. 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 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 debt 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 June 30, 2022 and December 31, 2021, the capital conservation buffer was 2.5% of risk-weighted assets. As of June 30, 2022, the Company and the Bank each met all capital adequacy requirements to which they were subject. The actual and required capital amounts and ratios of the Company (on a consolidated basis) and the Bank are as follows: Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions June 30, 2022 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 496,810 16.76 % $ 237,210 8.00 % N/A N/A Heartland Bank and Trust Company 472,112 15.93 237,035 8.00 $ 296,294 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 432,720 14.59 % $ 177,908 6.00 % N/A N/A Heartland Bank and Trust Company 447,378 15.10 177,777 6.00 $ 237,035 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 396,138 13.36 % $ 133,431 4.50 % N/A N/A Heartland Bank and Trust Company 447,378 15.10 133,332 4.50 $ 192,591 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 432,720 10.05 % $ 172,307 4.00 % N/A N/A Heartland Bank and Trust Company 447,378 10.39 172,215 4.00 $ 215,269 5.00 % Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions December 31, 2021 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 479,320 16.88 % $ 227,115 8.00 % N/A N/A Heartland Bank and Trust Company 452,162 15.94 226,950 8.00 $ 283,688 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 416,068 14.66 % $ 170,336 6.00 % N/A N/A Heartland Bank and Trust Company 428,226 15.09 170,213 6.00 $ 226,950 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 379,519 13.37 % $ 127,752 4.50 % N/A N/A Heartland Bank and Trust Company 428,226 15.09 127,659 4.50 $ 184,397 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 416,068 9.84 % $ 169,171 4.00 % N/A N/A Heartland Bank and Trust Company 428,226 10.13 169,070 4.00 $ 211,337 5.00 %

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Jun. 30, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 13 – 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 is summarized in Note 1 to the Company’s annual consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 11, 2022. There were no transfers between levels during the three and six months ended June 30, 2022 and 2021. 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: June 30, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 159,205 $ — $ — $ 159,205 U.S. government agency — 58,217 — 58,217 Municipal — 260,541 — 260,541 Mortgage-backed: Agency residential — 225,042 — 225,042 Agency commercial — 149,236 — 149,236 Corporate — 72,465 — 72,465 Equity securities with readily determinable fair values 3,103 — — 3,103 Mortgage servicing rights — — 10,089 10,089 Derivative financial assets — 3,935 — 3,935 Derivative financial liabilities — 3,709 — 3,709 December 31, 2021 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 108,976 $ — $ — $ 108,976 U.S. government agency — 128,105 — 128,105 Municipal — 297,077 — 297,077 Mortgage-backed: Agency residential — 179,466 — 179,466 Agency commercial — 164,061 — 164,061 Corporate — 64,483 — 64,483 Equity securities with readily determinable fair values 3,443 — — 3,443 Mortgage servicing rights — — 7,994 7,994 Derivative financial assets — 8,697 — 8,697 Derivative financial liabilities — 9,377 — 9,377 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, 2021 to June 30, 2022. 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 (loss). 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 hedging instruments, the change in fair value is recorded through an adjustment to the consolidated statement of comprehensive income (loss). For derivative financial instruments not designated as 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 as Level 3. 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): June 30, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 10,089 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 41.2% (7.9%) Discount rate 9.0% to 11.0% (9.1%) December 31, 2021 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 7,994 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 88.9% (11.7%) 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: June 30, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 5,312 $ — $ 5,312 Collateral-dependent impaired loans — — 17,238 17,238 Bank premises held for sale — — 319 319 Foreclosed assets — — 2,891 2,891 December 31, 2021 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 4,942 $ — $ 4,942 Collateral-dependent impaired loans — — 22,423 22,423 Bank premises held for sale — — 1,452 1,452 Foreclosed assets — — 3,278 3,278 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 with respect to 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 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): June 30, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent impaired loans $ 17,238 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 319 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 2,891 Appraisal Appraisal adjustments 7% (7%) December 31, 2021 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent impaired loans $ 22,423 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 1,452 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,278 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. 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 marketplace. 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 notes 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: Fair Value June 30, 2022 December 31, 2021 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 160,031 $ 160,031 $ 409,268 $ 409,268 Debt securities held-to-maturity Level 2 548,236 510,152 336,185 336,027 Restricted stock Level 3 2,813 2,813 2,739 2,739 Loans, net Level 3 2,427,092 2,450,897 2,475,753 2,494,686 Investments in unconsolidated subsidiaries Level 3 1,165 1,165 1,165 1,165 Accrued interest receivable Level 2 14,263 14,263 14,901 14,901 Financial liabilities: Time deposits Level 3 274,893 268,761 328,208 327,779 Securities sold under agreements to repurchase Level 2 51,091 51,091 61,256 61,256 Subordinated notes Level 3 39,356 38,854 39,316 41,602 Junior subordinated debentures Level 3 37,747 33,787 37,714 33,640 Accrued interest payable Level 2 974 974 1,043 1,043 The Company estimated the fair value of lending related commitments as described in Note 14 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	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 14 – 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: Contractual Amount June 30, 2022 December 31, 2021 (dollars in thousands) Commitments to extend credit $ 656,359 $ 609,947 Standby letters of credit 14,485 12,960 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. Legal Contingencies In the normal course of business, the Company, or its subsidiaries, are involved in various legal proceedings. In the opinion of management, any liability resulting from pending proceedings would not be expected to have a material adverse effect on the Company's consolidated financial statements. DeBaere, et al v. Heartland Bank and Trust Company The Bank is a defendant in a purported class action lawsuit filed in June 2020, in the Circuit Court of Cook County, Illinois, DeBaere, et al v. Heartland Bank and Trust Company. The plaintiff, a customer of the Bank, alleges that the Bank breached its contract with the plaintiff by (1) charging multiple insufficient funds fees or overdraft fees on a single customer-initiated transaction, and (2) charging overdraft fees for transactions that were authorized on a positive account balance, but when settled, settled into a negative balance. The Bank intends to vigorously defend the lawsuit. The Company does not believe a loss is probable at this time, as that term is used in assessing loss contingencies. Accordingly, consistent with the authoritative guidance in the evaluation of contingencies, an accrual related to this matter has not been recorded. However, an unfavorable outcome is reasonably possible, and the Company would not characterize the chance of any loss as “remote.” Given the early stage of this case, the Company cannot yet offer an opinion on the estimated range of any possible loss, in the event of an unfavorable opinion. Miller, et al v. State Bank of Lincoln and Heartland Bank and Trust Company The Bank is a defendant in a purported class action lawsuit filed in May 2020, in the Circuit Court of Logan County, Illinois, Miller, et al v. State Bank of Lincoln and the Bank. The plaintiff, a customer of State Bank of Lincoln, which previously merged with the Bank, alleges that the Bank breached its contract with the plaintiff by charging multiple insufficient funds fees or overdraft fees on a single customer-initiated transaction. The Bank intends to vigorously defend the lawsuit. The Company does not believe a loss is probable at this time, as that term is used in assessing loss contingencies. Accordingly, consistent with the authoritative guidance in the evaluation of contingencies, an accrual related to this matter has not been recorded. However, an unfavorable outcome is reasonably possible, and the Company would not characterize the chance of any loss as “remote.” Given the early stage of this case, the Company cannot yet offer an opinion on the estimated range of any possible loss, in the event of an unfavorable opinion.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
ACCOUNTING POLICIES (Policies)	Jun. 30, 2022
ACCOUNTING POLICIES
Basis of Consolidation	Basis of Presentation HBT Financial, Inc. (“HBT Financial” or 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 and Eastern Iowa. Additionally, the Company is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory agencies. The unaudited consolidated financial statements, including the notes thereto, have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) interim reporting requirements. Certain information in footnote disclosures normally included in financial statements prepared in accordance with GAAP has been condensed or omitted pursuant to rules and regulations of the SEC. These interim unaudited consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 11, 2022. The unaudited consolidated financial statements include all normal, recurring adjustments necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year. The Company qualifies as an "emerging growth company" as defined by the Jumpstart Our Business Startups Act (“JOBS Act”). The JOBS Act permits emerging growth companies an extended transition period for complying with new or revised accounting standards affecting public companies. The Company may remain an emerging growth company until the earliest to occur of: (1) the end of the fiscal year following the fifth anniversary of the completion of our initial public offering, which is December 31, 2024, (2) the last day of the fiscal year in which the Company has $1.07 billion or more in annual revenues, (3) the date on which the Company is deemed to be a “large accelerated filer” under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or (4) the date on which the Company has, during the previous three year period, issued, publicly or privately, more than $1.0 billion in non-convertible debt securities. The Company has elected to use the extended transition period until the Company is no longer an emerging growth company or until the Company chooses to affirmatively and irrevocably opt out of the extended transition period. As a result, the Company’s financial statements may not be comparable to companies that comply with new or revised accounting pronouncements applicable to public companies.
Use of Estimates	Use of Estimates The accompanying consolidated financial statements have been prepared in conformity with GAAP. 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 and fair value of assets acquired and liabilities assumed in business combinations.
Segment Reporting	Segment Reporting The Company’s operations consist of one reportable segment. The Company’s chief operating decision maker evaluates the operations of the Company using consolidated information for purposes of allocating resources and assessing performance.
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 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 The Company has formed an implementation team to assess the impact that ASU 2016-13 will have on the Company’s consolidated financial statements. For the majority of loans evaluated on a pooled basis, the Company anticipates using a discounted cash flow method which considers instrument level cash flows adjusted for, among other factors, prepayment speeds, probability of default, and loss given default. The Company also anticipates using regression analysis of historical internal and peer data to determine which variables are best suited to be economic variables utilized when modeling lifetime probability of default and loss given default. The ultimate impact to the Company’s financial condition and results of operations of ASU 2016-13, at both adoption and each subsequent reporting period, is highly dependent on credit quality, macroeconomic forecasts and conditions, the composition of our loan and securities portfolios, along with other management judgments. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment 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 Reference Rate Reform (Topic 848): Scope,

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
ACQUISITIONS (Tables)	Jun. 30, 2022
ACQUISITIONS
Schedule of recognized identified assets acquired and liabilities assumed	The fair value of the assets acquired and liabilities assumed from NXT on the acquisition date were as follows (dollars in thousands): Fair Value Assets acquired: Cash and cash equivalents $ 5,862 Interest-bearing time deposits with banks 739 Debt securities 18,295 Equity securities with readily determinable fair value 43 Restricted stock 796 Loans 194,576 Bank owned life insurance 7,352 Bank premises and equipment 3,667 Core deposit intangible assets 199 Mortgage servicing rights 370 Accrued interest receivable 886 Other assets 1,340 Total assets acquired 234,125 Liabilities assumed: Deposits 181,586 Securities sold under agreements to repurchase 4,080 FHLB advances 12,625 Other liabilities 1,633 Total liabilities assumed 199,924 Net assets acquired $ 34,201 Consideration paid: Cash $ 10,633 Common stock 29,270 Total consideration paid $ 39,903 Goodwill $ 5,702 The following table presents the acquired non-impaired loans as of the acquisition date (dollars in thousands): Fair Value $ 194,576 Gross contractual amounts receivable 196,104 Estimate of contractual cash flows not expected to be collected 1,045
Business acquisition, pro forma information	Pro Forma Three Months Ended Six Months Ended (dollars in thousands, except per share data) June 30, 2021 June 30, 2021 Total revenues (net interest income and noninterest income) $ 40,621 83,164 Net income 14,222 30,192 Earnings per share - basic 0.49 1.03 Earnings per share - diluted 0.49 1.03

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
SECURITIES (Tables)	Jun. 30, 2022
SECURITIES
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses	June 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,930 $ — $ (10,725) $ 159,205 U.S. government agency 60,373 — (2,156) 58,217 Municipal 286,012 190 (25,661) 260,541 Mortgage-backed: Agency residential 236,516 152 (11,626) 225,042 Agency commercial 160,576 15 (11,355) 149,236 Corporate 74,345 215 (2,095) 72,465 Total available-for-sale 987,752 572 (63,618) 924,706 Held-to-maturity: U.S. government agency 88,413 — (5,364) 83,049 Municipal 40,920 376 (66) 41,230 Mortgage-backed: Agency residential 108,711 276 (1,971) 107,016 Agency commercial 310,192 45 (31,380) 278,857 Total held-to-maturity 548,236 697 (38,781) 510,152 Total debt securities $ 1,535,988 $ 1,269 $ (102,399) $ 1,434,858 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 109,002 $ 328 $ (354) $ 108,976 U.S. government agency 129,269 1,303 (2,467) 128,105 Municipal 293,837 6,144 (2,904) 297,077 Mortgage-backed: Agency residential 178,236 2,149 (919) 179,466 Agency commercial 164,875 1,234 (2,048) 164,061 Corporate 63,141 1,638 (296) 64,483 Total available-for-sale 938,360 12,796 (8,988) 942,168 Held-to-maturity: U.S. government agency 12,349 42 (51) 12,340 Municipal 15,666 809 — 16,475 Mortgage-backed: Agency residential 20,555 196 (102) 20,649 Agency commercial 287,615 1,749 (2,801) 286,563 Total held-to-maturity 336,185 2,796 (2,954) 336,027 Total debt securities $ 1,274,545 $ 15,592 $ (11,942) $ 1,278,195
Schedule of certain debt securities from the available-for-sale category to the held-to-maturity category	March 31, 2022 June 30, 2021 March 31, 2021 Amortized Amortized Amortized Cost Fair Value Cost Fair Value Cost Fair Value (dollars in thousands) U.S. government agency $ 78,841 $ 71,048 $ — $ — $ 7,593 $ 7,323 Mortgage-backed: Agency residential 8,175 7,651 — — 8,776 8,536 Agency commercial 27,834 25,432 99,271 99,275 118,792 113,861 Total $ 114,850 $ 104,131 $ 99,271 $ 99,275 $ 135,161 $ 129,720
Schedule of amortized cost and fair value of securities by contractual maturity	Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (dollars in thousands) Due in 1 year or less $ 29,520 $ 29,517 $ 2,140 $ 2,159 Due after 1 year through 5 years 209,572 202,398 26,318 26,058 Due after 5 years through 10 years 272,306 247,656 77,431 73,997 Due after 10 years 79,262 70,857 23,444 22,065 Mortgage-backed: Agency residential 236,516 225,042 108,711 107,016 Agency commercial 160,576 149,236 310,192 278,857 Total $ 987,752 $ 924,706 $ 548,236 $ 510,152
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 June 30, 2022 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ (10,725) $ 159,205 $ — $ — $ (10,725) $ 159,205 U.S. government agency (2,156) 58,197 — — (2,156) 58,197 Municipal (15,751) 176,771 (9,910) 50,424 (25,661) 227,195 Mortgage-backed: Agency residential (11,320) 203,603 (306) 4,556 (11,626) 208,159 Agency commercial (8,812) 114,025 (2,543) 22,685 (11,355) 136,710 Corporate (1,085) 46,792 (1,010) 3,952 (2,095) 50,744 Total available-for-sale (49,849) 758,593 (13,769) 81,617 (63,618) 840,210 Held-to-maturity: U.S. government agency (2,564) 40,773 (2,800) 42,276 (5,364) 83,049 Municipal (66) 6,513 — — (66) 6,513 Mortgage-backed: Agency residential (1,971) 74,978 — — (1,971) 74,978 Agency commercial (31,078) 274,153 (302) 2,238 (31,380) 276,391 Total held-to-maturity (35,679) 396,417 (3,102) 44,514 (38,781) 440,931 Total debt securities $ (85,528) $ 1,155,010 $ (16,871) $ 126,131 $ (102,399) $ 1,281,141 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2021 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ (354) $ 68,410 $ — $ — $ (354) $ 68,410 U.S. government agency (2,183) 80,219 (284) 5,578 (2,467) 85,797 Municipal (2,018) 89,424 (886) 17,327 (2,904) 106,751 Mortgage-backed: Agency residential (851) 91,703 (68) 4,305 (919) 96,008 Agency commercial (1,921) 113,111 (127) 6,443 (2,048) 119,554 Corporate (7) 2,737 (289) 4,671 (296) 7,408 Total available-for-sale (7,334) 445,604 (1,654) 38,324 (8,988) 483,928 Held-to-maturity: U.S. government agency (51) 4,949 — — (51) 4,949 Mortgage-backed: Agency residential (102) 14,932 — — (102) 14,932 Agency commercial (2,673) 174,428 (128) 2,776 (2,801) 177,204 Total held-to-maturity (2,826) 194,309 (128) 2,776 (2,954) 197,085 Total debt securities $ (10,160) $ 639,913 $ (1,782) $ 41,100 $ (11,942) $ 681,013
Schedule of equity securities with initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses	Readily No Readily Determinable Determinable June 30, 2022 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,117 Cumulative net unrealized gains (losses) (39) (165) Carrying value $ 3,103 $ 1,952 Readily No Readily Determinable Determinable December 31, 2021 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,092 Cumulative net unrealized gains (losses) 301 (165) Carrying value $ 3,443 $ 1,927
Schedule of unrealized gains (losses) on equity securities	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Readily determinable fair value $ (153) $ 6 $ (340) $ 46 No readily determinable fair value — — — — Unrealized gains (losses) on equity securities $ (153) $ 6 $ (340) $ 46

LOANS AND THE ALLOWANCE FOR L_2

LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Tables)	Jun. 30, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Summary of Loans	June 30, 2022 December 31, 2021 (dollars in thousands) Commercial and industrial $ 249,839 $ 286,946 Agricultural and farmland 230,370 247,796 Commercial real estate - owner occupied 228,997 234,544 Commercial real estate - non-owner occupied 656,093 684,023 Multi-family 269,452 263,911 Construction and land development 332,041 298,048 One-to-four family residential 325,047 327,837 Municipal, consumer, and other 159,987 156,584 Loans, before allowance for loan losses 2,451,826 2,499,689 Allowance for loan losses (24,734) (23,936) Loans, net of allowance for loan losses $ 2,427,092 $ 2,475,753 Paycheck Protection Program (PPP) loans (included above) Commercial and industrial $ 2,823 $ 28,404 Agricultural and farmland 9 913 Municipal, consumer, and other — 171 Total PPP loans $ 2,832 $ 29,488
Schedule of activity in allowance for loan losses	Commercial Commercial
Schedule of loans individually evaluated for impairment by category	The following tables present loans individually evaluated for impairment by category of loans: Unpaid Principal Recorded Related June 30, 2022 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 254 $ 254 $ 154 Agricultural and farmland — — — Commercial real estate - owner occupied 742 742 208 Commercial real estate - non-owner occupied 14,526 14,513 2,641 Multi-family — — — Construction and land development — — — One-to-four family residential 576 534 100 Municipal, consumer, and other 8,312 8,289 3,991 Total $ 24,410 $ 24,332 $ 7,094 With no related allowance: Commercial and industrial $ 8,861 $ 8,847 $ — Agricultural and farmland 247 247 — Commercial real estate - owner occupied 11,936 11,782 — Commercial real estate - non-owner occupied 17,997 17,917 — Multi-family — — — Construction and land development 2,108 2,008 — One-to-four family residential 9,337 8,026 — Municipal, consumer, and other 4,488 4,448 — Total $ 54,974 $ 53,275 $ — Total loans individually evaluated for impairment: Commercial and industrial $ 9,115 $ 9,101 $ 154 Agricultural and farmland 247 247 — Commercial real estate - owner occupied 12,678 12,524 208 Commercial real estate - non-owner occupied 32,523 32,430 2,641 Multi-family — — — Construction and land development 2,108 2,008 — One-to-four family residential 9,913 8,560 100 Municipal, consumer, and other 12,800 12,737 3,991 Total $ 79,384 $ 77,607 $ 7,094 Unpaid Principal Recorded Related December 31, 2021 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 303 $ 303 $ 187 Agricultural and farmland — — — Commercial real estate - owner occupied 3,013 3,013 327 Commercial real estate - non-owner occupied 14,912 14,893 2,999 Multi-family — — — Construction and land development — — — One-to-four family residential 1,421 1,314 210 Municipal, consumer, and other 8,523 8,498 1,875 Total $ 28,172 $ 28,021 $ 5,598 With no related allowance: Commercial and industrial $ 14,452 $ 14,441 $ — Agricultural and farmland 12 12 — Commercial real estate - owner occupied 9,534 9,319 — Commercial real estate - non-owner occupied 14,755 14,682 — Multi-family — — — Construction and land development 2,112 2,018 — One-to-four family residential 7,129 5,583 — Municipal, consumer, and other 4,603 4,543 — Total $ 52,597 $ 50,598 $ — Total loans individually evaluated for impairment: Commercial and industrial $ 14,755 $ 14,744 $ 187 Agricultural and farmland 12 12 — Commercial real estate - owner occupied 12,547 12,332 327 Commercial real estate - non-owner occupied 29,667 29,575 2,999 Multi-family — — — Construction and land development 2,112 2,018 — One-to-four family residential 8,550 6,897 210 Municipal, consumer, and other 13,126 13,041 1,875 Total $ 80,769 $ 78,619 $ 5,598 The following tables present the average recorded investment and interest income recognized for loans individually evaluated for impairment by category of loans: Three Months Ended June 30, 2022 2021 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 267 $ 4 $ 1,888 $ 27 Agricultural and farmland — — 165 2 Commercial real estate - owner occupied 745 11 2,744 46 Commercial real estate - non-owner occupied 14,603 185 15,564 197 Multi-family — — — — Construction and land development — — — — One-to-four family residential 548 4 2,165 23 Municipal, consumer, and other 8,344 46 8,726 39 Total $ 24,507 $ 250 $ 31,252 $ 334 With no related allowance: Commercial and industrial $ 15,156 $ 156 $ 7,393 $ 76 Agricultural and farmland 252 3 383 5 Commercial real estate - owner occupied 11,887 141 5,530 70 Commercial real estate - non-owner occupied 17,947 340 5,586 70 Multi-family — — 874 — Construction and land development 2,012 26 1,971 — One-to-four family residential 8,181 84 6,600 48 Municipal, consumer, and other 4,480 33 4,704 22 Total $ 59,915 $ 783 $ 33,041 $ 291 Total loans individually evaluated for impairment: Commercial and industrial $ 15,423 $ 160 $ 9,281 $ 103 Agricultural and farmland 252 3 548 7 Commercial real estate - owner occupied 12,632 152 8,274 116 Commercial real estate - non-owner occupied 32,550 525 21,150 267 Multi-family — — 874 — Construction and land development 2,012 26 1,971 — One-to-four family residential 8,729 88 8,765 71 Municipal, consumer, and other 12,824 79 13,430 61 Total $ 84,422 $ 1,033 $ 64,293 $ 625 Six Months Ended June 30, 2022 2021 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 280 $ 8 $ 2,076 $ 58 Agricultural and farmland — — 166 4 Commercial real estate - owner occupied 1,580 44 2,993 87 Commercial real estate - non-owner occupied 14,728 371 17,949 405 Multi-family — — — — Construction and land development — — 1,118 27 One-to-four family residential 597 9 2,404 46 Municipal, consumer, and other 8,426 85 8,764 79 Total $ 25,611 $ 517 $ 35,470 $ 706 With no related allowance: Commercial and industrial $ 17,316 $ 356 $ 4,248 $ 90 Agricultural and farmland 244 3 383 11 Commercial real estate - owner occupied 11,460 247 7,554 192 Commercial real estate - non-owner occupied 16,728 538 5,625 138 Multi-family — — 875 10 Construction and land development 2,014 48 1,868 26 One-to-four family residential 8,453 141 6,789 97 Municipal, consumer, and other 4,511 54 4,725 44 Total $ 60,726 $ 1,387 $ 32,067 $ 608 Total loans individually evaluated for impairment: Commercial and industrial $ 17,596 $ 364 $ 6,324 $ 148 Agricultural and farmland 244 3 549 15 Commercial real estate - owner occupied 13,040 291 10,547 279 Commercial real estate - non-owner occupied 31,456 909 23,574 543 Multi-family — — 875 10 Construction and land development 2,014 48 2,986 53 One-to-four family residential 9,050 150 9,193 143 Municipal, consumer, and other 12,937 139 13,489 123 Total $ 86,337 $ 1,904 $ 67,537 $ 1,314
Schedule of recorded investment on past due basis	Accruing Interest 30 - 89 Days 90+ Days Total June 30, 2022 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 249,547 $ 21 $ 182 $ 89 $ 249,839 Agricultural and farmland 229,878 492 — — 230,370 Commercial real estate - owner occupied 228,997 — — — 228,997 Commercial real estate - non-owner occupied 655,089 — — 1,004 656,093 Multi-family 269,452 — — — 269,452 Construction and land development 331,393 131 — 517 332,041 One-to-four family residential 322,580 869 23 1,575 325,047 Municipal, consumer, and other 159,726 198 — 63 159,987 Total $ 2,446,662 $ 1,711 $ 205 $ 3,248 $ 2,451,826 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2021 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 286,563 $ 9 $ — $ 374 $ 286,946 Agricultural and farmland 247,772 24 — — 247,796 Commercial real estate - owner occupied 234,441 103 — — 234,544 Commercial real estate - non-owner occupied 683,029 823 — 171 684,023 Multi-family 263,911 — — — 263,911 Construction and land development 297,465 64 — 519 298,048 One-to-four family residential 325,780 383 32 1,642 327,837 Municipal, consumer, and other 156,297 214 16 57 156,584 Total $ 2,495,258 $ 1,620 $ 48 $ 2,763 $ 2,499,689
Schedule of loans by category risk ratings	June 30, 2022 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 231,925 $ 8,813 $ 9,101 $ — $ 249,839 Agricultural and farmland 215,962 13,530 878 — 230,370 Commercial real estate - owner occupied 199,482 17,815 11,700 — 228,997 Commercial real estate - non-owner occupied 609,298 11,543 35,252 — 656,093 Multi-family 264,487 4,965 — — 269,452 Construction and land development 329,700 332 2,009 — 332,041 One-to-four family residential 309,631 6,280 9,136 — 325,047 Municipal, consumer, and other 146,964 286 12,737 — 159,987 Total $ 2,307,449 $ 63,564 $ 80,813 $ — $ 2,451,826 December 31, 2021 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 267,088 $ 5,114 $ 14,744 $ — $ 286,946 Agricultural and farmland 221,898 25,213 685 — 247,796 Commercial real estate - owner occupied 198,862 24,098 11,584 — 234,544 Commercial real estate - non-owner occupied 619,212 32,372 32,439 — 684,023 Multi-family 241,362 22,549 — — 263,911 Construction and land development 268,556 27,474 2,018 — 298,048 One-to-four family residential 308,951 11,221 7,665 — 327,837 Municipal, consumer, and other 143,299 244 13,041 — 156,584 Total $ 2,269,228 $ 148,285 $ 82,176 $ — $ 2,499,689
Schedule of changes in the accretable yield for loans acquired with deteriorated credit quality	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Beginning balance $ 484 $ 1,338 $ 413 $ 1,397 Reclassification from non-accretable difference 100 79 217 153 Accretion income (47) (67) (93) (200) Ending balance $ 537 $ 1,350 $ 537 $ 1,350

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	6 Months Ended
LOAN SERVICING (Tables)	Jun. 30, 2022
LOAN SERVICING
Schedule of activity in mortgage servicing rights	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Beginning balance $ 9,723 $ 7,629 $ 7,994 $ 5,934 Capitalized servicing rights 136 356 307 753 Fair value adjustment: Attributable to payments and principal reductions (379) (490) (686) (957) Attributable to changes in valuation inputs and assumptions 609 (176) 2,474 1,589 Total fair value adjustment 230 (666) 1,788 632 Ending balance $ 10,089 $ 7,319 $ 10,089 $ 7,319

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	6 Months Ended
FORECLOSED ASSETS (Tables)	Jun. 30, 2022
FORECLOSED ASSETS
Schedule of foreclosed assets activity	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Beginning balance $ 3,043 $ 4,748 $ 3,278 $ 4,168 Transfers from loans 8 4,185 27 4,856 Proceeds from sales (153) (1,214) (447) (1,229) Sales through loan origination — (178) — (178) Net gain (loss) on sales (7) 216 98 213 Direct write-downs — — (65) (73) Ending balance $ 2,891 $ 7,757 $ 2,891 $ 7,757
Schedule of gains (losses) on foreclosed assets	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Direct write-downs $ — $ — $ (65) $ (73) Net gain (loss) on sales (7) 216 98 213 Gains (losses) on foreclosed assets $ (7) $ 216 $ 33 $ 140

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
DEPOSITS (Tables)	Jun. 30, 2022
DEPOSITS
Schedule of Company's interest-bearing deposits	June 30, 2022 December 31, 2021 (dollars in thousands) Noninterest-bearing deposits $ 1,028,790 $ 1,087,659 Interest-bearing deposits: Interest-bearing demand 1,162,292 1,105,949 Money market 581,058 583,198 Savings 654,953 633,171 Time 274,893 328,208 Total interest-bearing deposits 2,673,196 2,650,526 Total deposits $ 3,701,986 $ 3,738,185
Schedule of interest expense on deposits	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Interest-bearing demand $ 144 $ 127 $ 286 $ 244 Money market 110 94 231 183 Savings 52 46 102 87 Time 200 346 456 743 Total interest expense on deposits $ 506 $ 613 $ 1,075 $ 1,257

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair values of Company's derivative instrument assets and liabilities related to interest rate swap contracts	June 30, 2022 December 31, 2021 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets $ 17,000 $ 226 $ — $ — Fair value recorded in other liabilities — — 17,000 (680)
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 (loss) to income other comprehensive income Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Designated as cash flow hedges: (dollars in thousands) Junior subordinated debentures interest expense (67) (102) (163) (201)
Summary of interest rate swap agreements not designated as hedging instruments	June 30, 2022 December 31, 2021 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 $ 36,495 $ 657 $ 112,041 $ 8,622 Interest rate swaps with a financial institution counterparty 74,142 3,052 3,880 75 Total fair value recorded in other assets $ 110,637 $ 3,709 $ 115,921 $ 8,697 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 74,142 $ (3,052) $ 3,880 $ (75) Interest rate swaps with a financial institution counterparty 36,495 (657) 112,041 (8,622) Total fair value recorded in other liabilities $ 110,637 $ (3,709) $ 115,921 $ (8,697)
Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income	Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 4,681 $ 2,874 $ 10,094 $ 10,438 Gross losses (4,681) (2,874) (10,094) (10,438) Net gains (losses) $ — $ — $ — $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Jun. 30, 2022
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
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) Three Months Ended June 30, 2022 Balance, March 31, 2022 $ (24,794) $ (11,048) $ (258) $ (36,100) Other comprehensive income (loss) before reclassifications (24,151) — 149 (24,002) Reclassifications — 549 67 616 Other comprehensive income (loss), before tax (24,151) 549 216 (23,386) Income tax expense (benefit) (6,884) 157 61 (6,666) Other comprehensive income (loss), after tax (17,267) 392 155 (16,720) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Three Months Ended June 30, 2021 Balance, March 31, 2021 $ 6,971 $ (3,985) $ (1,080) $ 1,906 Transfer from available-for-sale to held-to-maturity (3) 3 — — Other comprehensive income (loss) before reclassifications 8,800 — (38) 8,762 Reclassifications — 199 102 301 Other comprehensive income, before tax 8,800 199 64 9,063 Income tax expense 2,508 57 18 2,583 Other comprehensive income, after tax 6,292 142 46 6,480 Balance, June 30, 2021 $ 13,260 $ (3,840) $ (1,034) $ 8,386 Unrealized Gains (Losses) on Debt Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Six Months Ended June 30, 2022 Balance, December 31, 2021 $ 5,736 $ (3,514) $ (751) $ 1,471 Transfer from available-for-sale to held-to-maturity 7,664 (7,664) — — Other comprehensive income (loss) before reclassifications (77,573) — 743 (76,830) Reclassifications — 730 163 893 Other comprehensive income (loss), before tax (77,573) 730 906 (75,937) Income tax expense (benefit) (22,112) 208 258 (21,646) Other comprehensive income (loss), after tax (55,461) 522 648 (54,291) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Six Months Ended June 30, 2021 Balance, December 31, 2020 $ 19,578 $ (118) $ (1,307) $ 18,153 Transfer from available-for-sale to held-to-maturity 3,887 (3,887) — — Other comprehensive income (loss) before reclassifications (14,274) — 181 (14,093) Reclassifications — 231 201 432 Other comprehensive income (loss), before tax (14,274) 231 382 (13,661) Income tax expense (benefit) (4,069) 66 109 (3,894) Other comprehensive income (loss), after tax (10,205) 165 273 (9,767) Balance, June 30, 2021 $ 13,260 $ (3,840) $ (1,034) $ 8,386

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 2022
EARNINGS PER SHARE
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Numerator: Net income $ 14,085 $ 13,717 $ 27,689 $ 28,962 Earnings allocated to participating securities (17) (25) (34) (56) Numerator for earnings per share - basic and diluted $ 14,068 $ 13,692 $ 27,655 $ 28,906 Denominator: Weighted average common shares outstanding 28,891,202 27,362,579 28,938,634 27,396,557 Dilutive effect of outstanding restricted stock units 53,674 17,701 48,688 10,137 Weighted average common shares outstanding, including all dilutive potential shares 28,944,876 27,380,280 28,987,322 27,406,694 Earnings per share - Basic $ 0.49 $ 0.50 $ 0.96 $ 1.06 Earnings per share - Diluted $ 0.49 $ 0.50 $ 0.95 $ 1.05

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	6 Months Ended
STOCK-BASED COMPENSATION PLANS (Tables)	Jun. 30, 2022
STOCK-BASED COMPENSATION PLANS
Summary of stock-based compensation expense	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Restricted stock units $ 234 $ 148 $ 842 $ 262 Performance restricted stock units 118 33 411 48 Total awards classified as equity 352 181 1,253 310 Stock appreciation rights 7 — (16) 130 Total stock-based compensation expense $ 359 $ 181 $ 1,237 $ 440
Schedule of the summary of outstanding restricted stock units	Three Months Ended June 30, 2022 2021 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 120,631 $ 17.98 97,122 $ 17.36 Granted — — 4,000 17.93 Vested — — — — Forfeited — — (1,525) 18.11 Ending balance 120,631 $ 17.98 99,597 $ 17.37 Six Months Ended June 30, 2022 2021 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 109,244 $ 17.27 71,000 $ 18.98 Granted 46,312 19.11 50,347 15.72 Vested (34,925) 17.26 (20,225) 18.86 Forfeited — — (1,525) 18.11 Ending balance 120,631 $ 17.98 99,597 $ 17.37
Schedule of the status of stock appreciation rights and changes	Three Months Ended June 30, 2022 2021 Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Beginning balance 91,800 $ 16.32 104,040 $ 16.32 Granted — — — — Exercised — — (6,120) 16.32 Expired — — — — Forfeited — — — — Ending balance 91,800 $ 16.32 97,920 $ 16.32 Six Months Ended June 30, 2022 2021 Stock Appreciation Rights Weighted Average Grant Date Assigned Value Stock Appreciation Rights Weighted Average Grant Date Assigned Value Beginning balance 97,920 $ 16.32 105,570 $ 16.32 Granted — — — — Exercised (6,120) 16.32 (6,120) 16.32 Expired — — (1,530) 16.32 Forfeited — — — — Ending balance 91,800 $ 16.32 97,920 $ 16.32 A further summary of stock appreciation rights as of June 30, 2022, is as follows: Weighted Average Stock Appreciation Rights Remaining Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 91,800 79,560 6.7 years
Schedule of assumptions used in valuing stock appreciation rights	June 30, 2022 December 31, 2021 Risk-free interest rate 3.00 % 1.40 % Expected volatility 35.99 % 35.52 % Expected life (in years) 7.2 7.7 Expected dividend yield 3.58 % 3.20 %
Performance Shares
STOCK-BASED COMPENSATION PLANS
Schedule of the summary of outstanding restricted stock units	Three Months Ended June 30, 2022 2021 Weighted Weighted Performance Average Performance Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 62,067 $ 17.02 28,697 $ 15.53 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 62,067 $ 17.02 28,697 $ 15.53 Six months ended June 30, 2022 2021 Weighted Weighted Performance Average Performance Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 38,344 $ 15.72 — $ — Granted 23,723 19.14 28,697 15.53 Vested — — — — Forfeited — — — — Ending balance 62,067 $ 17.02 28,697 $ 15.53

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	6 Months Ended
REGULATORY MATTERS (Tables)	Jun. 30, 2022
REGULATORY MATTERS
Schedule of the Company's and the bank subsidiaries' actual and required capital amounts and ratios	Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions June 30, 2022 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 496,810 16.76 % $ 237,210 8.00 % N/A N/A Heartland Bank and Trust Company 472,112 15.93 237,035 8.00 $ 296,294 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 432,720 14.59 % $ 177,908 6.00 % N/A N/A Heartland Bank and Trust Company 447,378 15.10 177,777 6.00 $ 237,035 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 396,138 13.36 % $ 133,431 4.50 % N/A N/A Heartland Bank and Trust Company 447,378 15.10 133,332 4.50 $ 192,591 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 432,720 10.05 % $ 172,307 4.00 % N/A N/A Heartland Bank and Trust Company 447,378 10.39 172,215 4.00 $ 215,269 5.00 % Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions December 31, 2021 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 479,320 16.88 % $ 227,115 8.00 % N/A N/A Heartland Bank and Trust Company 452,162 15.94 226,950 8.00 $ 283,688 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 416,068 14.66 % $ 170,336 6.00 % N/A N/A Heartland Bank and Trust Company 428,226 15.09 170,213 6.00 $ 226,950 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 379,519 13.37 % $ 127,752 4.50 % N/A N/A Heartland Bank and Trust Company 428,226 15.09 127,659 4.50 $ 184,397 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 416,068 9.84 % $ 169,171 4.00 % N/A N/A Heartland Bank and Trust Company 428,226 10.13 169,070 4.00 $ 211,337 5.00 %

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of assets measured at fair value on a recurring basis	June 30, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 159,205 $ — $ — $ 159,205 U.S. government agency — 58,217 — 58,217 Municipal — 260,541 — 260,541 Mortgage-backed: Agency residential — 225,042 — 225,042 Agency commercial — 149,236 — 149,236 Corporate — 72,465 — 72,465 Equity securities with readily determinable fair values 3,103 — — 3,103 Mortgage servicing rights — — 10,089 10,089 Derivative financial assets — 3,935 — 3,935 Derivative financial liabilities — 3,709 — 3,709 December 31, 2021 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 108,976 $ — $ — $ 108,976 U.S. government agency — 128,105 — 128,105 Municipal — 297,077 — 297,077 Mortgage-backed: Agency residential — 179,466 — 179,466 Agency commercial — 164,061 — 164,061 Corporate — 64,483 — 64,483 Equity securities with readily determinable fair values 3,443 — — 3,443 Mortgage servicing rights — — 7,994 7,994 Derivative financial assets — 8,697 — 8,697 Derivative financial liabilities — 9,377 — 9,377
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): June 30, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 10,089 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 41.2% (7.9%) Discount rate 9.0% to 11.0% (9.1%) December 31, 2021 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 7,994 Discounted cash flows Constant pre-payment rates (CPR) 7.0% to 88.9% (11.7%) Discount rate 9.0% to 11.0% (9.0%)
Summary of assets measured at fair value on a nonrecurring basis	June 30, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 5,312 $ — $ 5,312 Collateral-dependent impaired loans — — 17,238 17,238 Bank premises held for sale — — 319 319 Foreclosed assets — — 2,891 2,891 December 31, 2021 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 4,942 $ — $ 4,942 Collateral-dependent impaired loans — — 22,423 22,423 Bank premises held for sale — — 1,452 1,452 Foreclosed assets — — 3,278 3,278
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): June 30, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent impaired loans $ 17,238 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 319 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 2,891 Appraisal Appraisal adjustments 7% (7%) December 31, 2021 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent impaired loans $ 22,423 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 1,452 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,278 Appraisal Appraisal adjustments 7% (7%)
Summary information on the carrying amounts and estimated fair values of the Company's financial instruments	Fair Value June 30, 2022 December 31, 2021 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 160,031 $ 160,031 $ 409,268 $ 409,268 Debt securities held-to-maturity Level 2 548,236 510,152 336,185 336,027 Restricted stock Level 3 2,813 2,813 2,739 2,739 Loans, net Level 3 2,427,092 2,450,897 2,475,753 2,494,686 Investments in unconsolidated subsidiaries Level 3 1,165 1,165 1,165 1,165 Accrued interest receivable Level 2 14,263 14,263 14,901 14,901 Financial liabilities: Time deposits Level 3 274,893 268,761 328,208 327,779 Securities sold under agreements to repurchase Level 2 51,091 51,091 61,256 61,256 Subordinated notes Level 3 39,356 38,854 39,316 41,602 Junior subordinated debentures Level 3 37,747 33,787 37,714 33,640 Accrued interest payable Level 2 974 974 1,043 1,043

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Jun. 30, 2022
COMMITMENTS AND CONTINGENCIES
Schedule of commitments and conditional obligations	Contractual Amount June 30, 2022 December 31, 2021 (dollars in thousands) Commitments to extend credit $ 656,359 $ 609,947 Standby letters of credit 14,485 12,960

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details)	6 Months Ended
ACCOUNTING POLICIES (Details)	Jun. 30, 2022 segment shares	Dec. 31, 2021 shares
ACCOUNTING POLICIES
Number of segments \| segment	1
Common stock, shares authorized \| shares	125,000,000	125,000,000

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Oct. 01, 2021	Jun. 30, 2022	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 29,322		$ 29,322		$ 29,322
pre-tax acquisition expenses		$ 0	$ 200	$ 0	$ 200
NXT Bancorporation, Inc
Business Acquisition [Line Items]
Percentage of voting interests acquired	100%
Stock consideration per share	67.6783
Cash consideration per share	$ 400
Share Price	$ 16.27
Goodwill	$ 5,702
Cash consideration	10,633
Market value of shares issued as part of consideration	$ 29,270
Stock consideration (number of shares)	1,799,016
Business Combination, Consideration Transferred	$ 39,903

ACQUISITIONS - Assets Acquired

ACQUISITIONS - Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Oct. 01, 2021	Jun. 30, 2022	Dec. 31, 2021
Consideration paid:
Goodwill		$ 29,322	$ 29,322
NXT Bancorporation, Inc
Assets acquired:
Cash and cash equivalents	$ 5,862
Interest-bearing time deposits with banks	739
Debt securities	18,295
Equity securities with readily determinable fair value	43
Restricted stock	796
Loans	194,576
Bank owned life insurance	7,352
Bank premises and equipment	3,667
Core deposit intangible assets	199
Mortgage servicing rights	370
Accrued interest receivable	886
Other assets	1,340
Total assets acquired	234,125
Liabilities assumed:
Deposits	181,586
Securities sold under agreements to repurchase	4,080
FHLB advances	12,625
Other liabilities	1,633
Total liabilities assumed	199,924
Net assets acquired	34,201
Consideration paid:
Cash	10,633
Common stock	29,270
Business Combination, Consideration Transferred, Total	39,903
Goodwill	5,702
Business Combination, Acquired Receivables [Abstract]
Fair Value	194,576
Gross contractual amounts receivable	196,104
Estimate of contractual cash flows not expected to be collected	1,045
Deteriorated credit quality loans	$ 0

ACQUISITIONS - Schedule of pro

ACQUISITIONS - Schedule of pro forma (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition, Pro Forma Information [Abstract]
Total revenues (net interest income and noninterest income)	$ 40,621	$ 83,164
Net income	$ 14,222	$ 30,192
Earnings per share - basic	$ 0.49	$ 1.03
Earnings per share - diluted	$ 0.49	$ 1.03

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
SECURITIES - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
SECURITIES
Carrying value of securities pledged to secure public and trust deposits	$ 1,434,858	$ 1,278,195
Assets Pledged
SECURITIES
Carrying value of securities pledged to secure public and trust deposits	$ 394,000	$ 353,300
Illinois
SECURITIES
Percentage of obligations of local municipalities	49%
Percentage of general obligations in local municipalities	81%

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and Fair values of held-to-maturity securities transferred from available-for-sale securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021
Held-to-maturity
Debt securities held-to-maturity	$ 548,236		$ 336,185
Fair Value	510,152		336,027
U.S. government agency
Held-to-maturity
Debt securities held-to-maturity	88,413		12,349
Fair Value	83,049		12,340
Mortgage-backed: Agency residential
Held-to-maturity
Debt securities held-to-maturity	108,711		20,555
Fair Value	107,016		20,649
Mortgage-backed: Agency commercial
Held-to-maturity
Debt securities held-to-maturity	310,192		287,615
Fair Value	$ 278,857		$ 286,563
Debt Securities Transferred
Held-to-maturity
Debt securities held-to-maturity		$ 114,850		$ 99,271	$ 135,161
Fair Value		104,131		99,275	129,720
Debt Securities Transferred \| U.S. government agency
Held-to-maturity
Debt securities held-to-maturity		78,841			7,593
Fair Value		71,048			7,323
Debt Securities Transferred \| Mortgage-backed: Agency residential
Held-to-maturity
Debt securities held-to-maturity		8,175			8,776
Fair Value		7,651			8,536
Debt Securities Transferred \| Mortgage-backed: Agency commercial
Held-to-maturity
Debt securities held-to-maturity		27,834		99,271	118,792
Fair Value		$ 25,432		$ 99,275	$ 113,861

SECURITIES - Amortized cost a_2

SECURITIES - Amortized cost and Fair values of securities with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Available-for-sale
Amortized Cost	$ 987,752	$ 938,360
Gross Unrealized Gains	572	12,796
Gross Unrealized Losses	(63,618)	(8,988)
Fair Value	924,706	942,168
Held-to-maturity
Amortized Cost	548,236	336,185
Gross Unrealized Gains	697	2,796
Gross Unrealized Losses	(38,781)	(2,954)
Fair Value	510,152	336,027
Total Amortized Cost	1,535,988	1,274,545
Total Gross Unrealized Gains	1,269	15,592
Total Gross Unrealized Losses	(102,399)	(11,942)
Total Fair Value	1,434,858	1,278,195
U.S. Treasury
Available-for-sale
Amortized Cost	169,930	109,002
Gross Unrealized Gains		328
Gross Unrealized Losses	(10,725)	(354)
Fair Value	159,205	108,976
U.S. government agency
Available-for-sale
Amortized Cost	60,373	129,269
Gross Unrealized Gains		1,303
Gross Unrealized Losses	(2,156)	(2,467)
Fair Value	58,217	128,105
Held-to-maturity
Amortized Cost	88,413	12,349
Gross Unrealized Gains		42
Gross Unrealized Losses	(5,364)	(51)
Fair Value	83,049	12,340
Municipal securities
Available-for-sale
Amortized Cost	286,012	293,837
Gross Unrealized Gains	190	6,144
Gross Unrealized Losses	(25,661)	(2,904)
Fair Value	260,541	297,077
Held-to-maturity
Amortized Cost	40,920	15,666
Gross Unrealized Gains	376	809
Gross Unrealized Losses	(66)
Fair Value	41,230	16,475
Mortgage-backed: Agency residential
Available-for-sale
Amortized Cost	236,516	178,236
Gross Unrealized Gains	152	2,149
Gross Unrealized Losses	(11,626)	(919)
Fair Value	225,042	179,466
Held-to-maturity
Amortized Cost	108,711	20,555
Gross Unrealized Gains	276	196
Gross Unrealized Losses	(1,971)	(102)
Fair Value	107,016	20,649
Mortgage-backed: Agency commercial
Available-for-sale
Amortized Cost	160,576	164,875
Gross Unrealized Gains	15	1,234
Gross Unrealized Losses	(11,355)	(2,048)
Fair Value	149,236	164,061
Held-to-maturity
Amortized Cost	310,192	287,615
Gross Unrealized Gains	45	1,749
Gross Unrealized Losses	(31,380)	(2,801)
Fair Value	278,857	286,563
Corporate
Available-for-sale
Amortized Cost	74,345	63,141
Gross Unrealized Gains	215	1,638
Gross Unrealized Losses	(2,095)	(296)
Fair Value	$ 72,465	$ 64,483

SECURITIES - Amortized cost a_3

SECURITIES - Amortized cost and Fair values of securities with maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Amortized Cost
Amortized Cost	$ 987,752	$ 938,360
Fair Value
Fair Value	924,706	942,168
Amortized Cost
Debt securities held-to-maturity	548,236	336,185
Fair Value
Fair Value	510,152	336,027
Mortgage-backed: Agency residential
Amortized Cost
Amortized Cost	236,516	178,236
Fair Value
Fair Value	225,042	179,466
Amortized Cost
Debt securities held-to-maturity	108,711	20,555
Fair Value
Fair Value	107,016	20,649
Mortgage-backed: Agency commercial
Amortized Cost
Amortized Cost	160,576	164,875
Fair Value
Fair Value	149,236	164,061
Amortized Cost
Debt securities held-to-maturity	310,192	287,615
Fair Value
Fair Value	278,857	$ 286,563
Available-for-sale
Amortized Cost
Due in 1 year or less	29,520
Due after 1 year through 5 years	209,572
Due after 5 years through 10 years	272,306
Due after 10 years	79,262
Amortized Cost	987,752
Fair Value
Due in 1 year or less	29,517
Due after 1 year through 5 years	202,398
Due after 5 years through 10 years	247,656
Due after 10 years	70,857
Fair Value	924,706
Available-for-sale \| Mortgage-backed: Agency residential
Amortized Cost
Amortized Cost	236,516
Fair Value
Fair Value	225,042
Available-for-sale \| Mortgage-backed: Agency commercial
Amortized Cost
Amortized Cost	160,576
Fair Value
Fair Value	149,236
Held-to-maturity
Amortized Cost
Due in 1 year or less	2,140
Due after 1 year through 5 years	26,318
Due after 5 years through 10 years	77,431
Due after 10 years	23,444
Debt securities held-to-maturity	548,236
Fair Value
Due in 1 year or less	2,159
Due after 1 year through 5 years	26,058
Due after 5 years through 10 years	73,997
Due after 10 years	22,065
Fair Value	510,152
Held-to-maturity \| Mortgage-backed: Agency residential
Amortized Cost
Debt securities held-to-maturity	108,711
Fair Value
Fair Value	107,016
Held-to-maturity \| Mortgage-backed: Agency commercial
Amortized Cost
Debt securities held-to-maturity	310,192
Fair Value
Fair Value	$ 278,857

SECURITIES - Investments in a C

SECURITIES - Investments in a Continuous Unrealized Loss Position (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Available-for-sale: Unrealized Loss
Less than 12 Months	$ (49,849)		$ (49,849)		$ (7,334)
12 Months or More	(13,769)		(13,769)		(1,654)
Total Unrealized Loss of Available-for-sale securities	(63,618)		(63,618)		(8,988)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(35,679)		(35,679)		(2,826)
12 Months or More	(3,102)		(3,102)		(128)
Total Unrealized Loss of Held-to-maturity securities	(38,781)		(38,781)		(2,954)
Available-for-sale: Fair Value
Less than 12 Months	758,593		758,593		445,604
12 Months or More	81,617		81,617		38,324
Total Fair Value Available-for-sale securities	840,210		840,210		483,928
Held-to-maturity: Fair value
Less than 12 Months	396,417		396,417		194,309
12 Months or More	44,514		44,514		2,776
Total Fair Value Held-to-maturity securities	440,931		440,931		197,085
Total: Unrealized Losses
Less Than 12 Months	(85,528)		(85,528)		(10,160)
12 Months or More	(16,871)		(16,871)		(1,782)
Total Unrealized Losses	(102,399)		(102,399)		(11,942)
Total: Fair Value
Less than 12 Months	1,155,010		1,155,010		639,913
12 Months or More	126,131		126,131		41,100
Total Fair Value	$ 1,281,141		$ 1,281,141		681,013
Number of securities in an unrealized loss position for a period of twelve months or more \| item	87		87
Number of securities in an unrealized loss position for a period of less than twelve months \| item	603		603
Proceeds from sales of securities available-for-sale	$ 0	$ 0	$ 0	$ 0
U.S. Treasury
Available-for-sale: Unrealized Loss
Less than 12 Months	(10,725)		(10,725)		(354)
Total Unrealized Loss of Available-for-sale securities	(10,725)		(10,725)		(354)
Available-for-sale: Fair Value
Less than 12 Months	159,205		159,205		68,410
Total Fair Value Available-for-sale securities	159,205		159,205		68,410
U.S. government agency
Available-for-sale: Unrealized Loss
Less than 12 Months	(2,156)		(2,156)		(2,183)
12 Months or More					(284)
Total Unrealized Loss of Available-for-sale securities	(2,156)		(2,156)		(2,467)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(2,564)		(2,564)		(51)
12 Months or More	(2,800)		(2,800)
Total Unrealized Loss of Held-to-maturity securities	(5,364)		(5,364)		(51)
Available-for-sale: Fair Value
Less than 12 Months	58,197		58,197		80,219
12 Months or More					5,578
Total Fair Value Available-for-sale securities	58,197		58,197		85,797
Held-to-maturity: Fair value
Less than 12 Months	40,773		40,773		4,949
12 Months or More	42,276		42,276
Total Fair Value Held-to-maturity securities	83,049		83,049		4,949
Municipal securities
Available-for-sale: Unrealized Loss
Less than 12 Months	(15,751)		(15,751)		(2,018)
12 Months or More	(9,910)		(9,910)		(886)
Total Unrealized Loss of Available-for-sale securities	(25,661)		(25,661)		(2,904)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(66)		(66)
Total Unrealized Loss of Held-to-maturity securities	(66)		(66)
Available-for-sale: Fair Value
Less than 12 Months	176,771		176,771		89,424
12 Months or More	50,424		50,424		17,327
Total Fair Value Available-for-sale securities	227,195		227,195		106,751
Held-to-maturity: Fair value
Less than 12 Months	6,513		6,513
Total Fair Value Held-to-maturity securities	6,513		6,513
Mortgage-backed: Agency residential
Available-for-sale: Unrealized Loss
Less than 12 Months	(11,320)		(11,320)		(851)
12 Months or More	(306)		(306)		(68)
Total Unrealized Loss of Available-for-sale securities	(11,626)		(11,626)		(919)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(1,971)		(1,971)		(102)
Total Unrealized Loss of Held-to-maturity securities	(1,971)		(1,971)		(102)
Available-for-sale: Fair Value
Less than 12 Months	203,603		203,603		91,703
12 Months or More	4,556		4,556		4,305
Total Fair Value Available-for-sale securities	208,159		208,159		96,008
Held-to-maturity: Fair value
Less than 12 Months	74,978		74,978		14,932
Total Fair Value Held-to-maturity securities	74,978		74,978		14,932
Mortgage-backed: Agency commercial
Available-for-sale: Unrealized Loss
Less than 12 Months	(8,812)		(8,812)		(1,921)
12 Months or More	(2,543)		(2,543)		(127)
Total Unrealized Loss of Available-for-sale securities	(11,355)		(11,355)		(2,048)
Held-to-maturity: Unrealized Loss
Less than 12 Months	(31,078)		(31,078)		(2,673)
12 Months or More	(302)		(302)		(128)
Total Unrealized Loss of Held-to-maturity securities	(31,380)		(31,380)		(2,801)
Available-for-sale: Fair Value
Less than 12 Months	114,025		114,025		113,111
12 Months or More	22,685		22,685		6,443
Total Fair Value Available-for-sale securities	136,710		136,710		119,554
Held-to-maturity: Fair value
Less than 12 Months	274,153		274,153		174,428
12 Months or More	2,238		2,238		2,776
Total Fair Value Held-to-maturity securities	276,391		276,391		177,204
Corporate
Available-for-sale: Unrealized Loss
Less than 12 Months	(1,085)		(1,085)		(7)
12 Months or More	(1,010)		(1,010)		(289)
Total Unrealized Loss of Available-for-sale securities	(2,095)		(2,095)		(296)
Available-for-sale: Fair Value
Less than 12 Months	46,792		46,792		2,737
12 Months or More	3,952		3,952		4,671
Total Fair Value Available-for-sale securities	$ 50,744		$ 50,744		$ 7,408

SECURITIES - Equity securities

SECURITIES - Equity securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Equity Securities - Readily determinable fair value
Equity Securities, Readily determinable fair value, cost	$ 3,142		$ 3,142		$ 3,142
Equity Securities, Readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	(39)		(39)		301
Equity securities, Readily determinable fair value, Carrying Value	3,103		3,103		3,443
Equity Securities - No readily determinable fair value
Equity Securities, No readily determinable fair value, cost	2,117		2,117		2,092
Equity Securities, No readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	(165)		(165)		(165)
Equity securities: No readily determinable fair value, Carrying Value	1,952		1,952		1,927
Upward adjustment on equity securities with no readily determinable fair value	0		0		$ 0
Proceeds from sale of equity securities	0	$ 0	0	$ 0
Readily determinable fair value	(153)	6	(340)	46
Unrealized gains (losses) on equity securities	$ (153)	$ 6	$ (340)	$ 46

LOANS AND THE ALLOWANCE FOR L_3

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Categories of loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	$ 2,451,826		$ 2,499,689
Allowance for loan losses	(24,734)	$ (24,508)	(23,936)	$ (26,507)	$ (28,759)	$ (31,838)
Loans, net of allowance for loan losses	2,427,092		2,475,753
Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	2,832		29,488
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	249,839		286,946
Allowance for loan losses	(2,981)	(2,491)	(2,440)	(2,717)	(2,420)	(3,929)
Commercial and industrial \| Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	2,823		28,404
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	230,370		247,796
Allowance for loan losses	(924)	(842)	(845)	(781)	(865)	(793)
Agricultural and farmland \| Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	9		913
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	228,997		234,544
Allowance for loan losses	(1,224)	(1,511)	(1,840)	(1,946)	(2,715)	(3,141)
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	656,093		684,023
Allowance for loan losses	(6,611)	(7,014)	(8,145)	(9,825)	(11,330)	(11,251)
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	269,452		263,911
Allowance for loan losses	(1,375)	(1,354)	(1,263)	(2,009)	(2,090)	(1,957)
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	332,041		298,048
Allowance for loan losses	(4,059)	(4,493)	(4,914)	(3,924)	(4,006)	(4,232)
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	325,047		327,837
Allowance for loan losses	(1,696)	(1,583)	(1,311)	(1,520)	(1,573)	(1,801)
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses	159,987		156,584
Allowance for loan losses	$ (5,864)	$ (5,220)	(3,178)	$ (3,785)	$ (3,760)	$ (4,734)
Municipal, consumer, and other \| Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for loan losses			$ 171

LOANS AND THE ALLOWANCE FOR L_4

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	$ 24,508	$ 28,759	$ 23,936	$ 31,838
Provision for loan losses	145	(2,162)	(439)	(5,567)
Charge-offs	(159)	(402)	(293)	(597)
Recoveries	240	312	1,530	833
Allowance for loan losses at end of period	24,734	26,507	24,734	26,507
Commercial and industrial
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	2,491	2,420	2,440	3,929
Provision for loan losses	450	578	(203)	(1,224)
Charge-offs		(295)	(5)	(295)
Recoveries	40	14	749	307
Allowance for loan losses at end of period	2,981	2,717	2,981	2,717
Agricultural and farmland
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	842	865	845	793
Provision for loan losses	82	(84)	79	(12)
Allowance for loan losses at end of period	924	781	924	781
Commercial real estate - owner occupied
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	1,511	2,715	1,840	3,141
Provision for loan losses	(287)	(769)	(716)	(1,195)
Recoveries			100
Allowance for loan losses at end of period	1,224	1,946	1,224	1,946
Commercial real estate - non-owner occupied
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	7,014	11,330	8,145	11,251
Provision for loan losses	(408)	(1,511)	(1,804)	(1,439)
Recoveries	5	6	270	13
Allowance for loan losses at end of period	6,611	9,825	6,611	9,825
Multi-family
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	1,354	2,090	1,263	1,957
Provision for loan losses	21	(81)	112	52
Allowance for loan losses at end of period	1,375	2,009	1,375	2,009
Construction and land development
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	4,493	4,006	4,914	4,232
Provision for loan losses	(434)	(261)	(855)	(577)
Recoveries		179		269
Allowance for loan losses at end of period	4,059	3,924	4,059	3,924
One-to-four family residential
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	1,583	1,573	1,311	1,801
Provision for loan losses	51	(45)	171	(243)
Charge-offs	(47)	(41)	(49)	(113)
Recoveries	109	33	263	75
Allowance for loan losses at end of period	1,696	1,520	1,696	1,520
Municipal, consumer, and other
Activity in the allowance for loan losses
Allowance for loan losses at beginning of period	5,220	3,760	3,178	4,734
Provision for loan losses	670	11	2,777	(929)
Charge-offs	(112)	(66)	(239)	(189)
Recoveries	86	80	148	169
Allowance for loan losses at end of period	$ 5,864	$ 3,785	$ 5,864	$ 3,785

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	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	$ 2,349,884		$ 2,392,000
Individually evaluated for impairment, Loans	77,607		78,619
Total	2,451,826		2,499,689
Collectively evaluated for impairment, Allowance for loan losses	17,607		18,271
Individually evaluated for impairment, Allowance for loan losses	7,094		5,598
Total investments in loans	24,734	$ 24,508	23,936	$ 26,507	$ 28,759	$ 31,838
Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	24,335		29,070
Individually evaluated for impairment, Allowance for loan losses	33		67
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	240,604		272,064
Individually evaluated for impairment, Loans	9,101		14,744
Total	249,839		286,946
Collectively evaluated for impairment, Allowance for loan losses	2,827		2,253
Individually evaluated for impairment, Allowance for loan losses	154		187
Total investments in loans	2,981	2,491	2,440	2,717	2,420	3,929
Commercial and industrial \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	134		138
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	229,409		247,021
Individually evaluated for impairment, Loans	247		12
Total	230,370		247,796
Collectively evaluated for impairment, Allowance for loan losses	924		845
Total investments in loans	924	842	845	781	865	793
Agricultural and farmland \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	714		763
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	211,886		216,794
Individually evaluated for impairment, Loans	12,524		12,332
Total	228,997		234,544
Collectively evaluated for impairment, Allowance for loan losses	993		1,480
Individually evaluated for impairment, Allowance for loan losses	208		327
Total investments in loans	1,224	1,511	1,840	1,946	2,715	3,141
Commercial real estate - owner occupied \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	4,587		5,418
Individually evaluated for impairment, Allowance for loan losses	23		33
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	611,614		641,555
Individually evaluated for impairment, Loans	32,430		29,575
Total	656,093		684,023
Collectively evaluated for impairment, Allowance for loan losses	3,968		5,138
Individually evaluated for impairment, Allowance for loan losses	2,641		2,999
Total investments in loans	6,611	7,014	8,145	9,825	11,330	11,251
Commercial real estate - non-owner occupied \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	12,049		12,893
Individually evaluated for impairment, Allowance for loan losses	2		8
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	268,880		262,701
Total	269,452		263,911
Collectively evaluated for impairment, Allowance for loan losses	1,372		1,259
Total investments in loans	1,375	1,354	1,263	2,009	2,090	1,957
Multi-family \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	572		1,210
Individually evaluated for impairment, Allowance for loan losses	3		4
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	328,912		293,548
Individually evaluated for impairment, Loans	2,008		2,018
Total	332,041		298,048
Collectively evaluated for impairment, Allowance for loan losses	4,056		4,895
Total investments in loans	4,059	4,493	4,914	3,924	4,006	4,232
Construction and land development \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	1,121		2,482
Individually evaluated for impairment, Allowance for loan losses	3		19
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	311,353		314,807
Individually evaluated for impairment, Loans	8,560		6,897
Total	325,047		327,837
Collectively evaluated for impairment, Allowance for loan losses	1,594		1,099
Individually evaluated for impairment, Allowance for loan losses	100		210
Total investments in loans	1,696	1,583	1,311	1,520	1,573	1,801
One-to-four family residential \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	5,134		6,133
Individually evaluated for impairment, Allowance for loan losses	2		2
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	147,226		143,510
Individually evaluated for impairment, Loans	12,737		13,041
Total	159,987		156,584
Collectively evaluated for impairment, Allowance for loan losses	1,873		1,302
Individually evaluated for impairment, Allowance for loan losses	3,991		1,875
Total investments in loans	5,864	$ 5,220	3,178	$ 3,785	$ 3,760	$ 4,734
Municipal, consumer, and other \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	$ 24		33
Individually evaluated for impairment, Allowance for loan losses			$ 1

LOANS AND THE ALLOWANCE FOR L_6

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Individually evaluated for impairment by category of loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Unpaid Principal Balance
With an allowance recorded	$ 24,410		$ 24,410		$ 28,172
With no related allowance	54,974		54,974		52,597
Total loans individually evaluated for impairment	79,384		79,384		80,769
Recorded Investment
With an allowance recorded	24,332		24,332		28,021
With no related allowance	53,275		53,275		50,598
Total loans individually evaluated for impairment	77,607		77,607		78,619
Related Allowance	7,094		7,094		5,598
Average Recorded Investment
With an allowance recorded	24,507	$ 31,252	25,611	$ 35,470
With no related allowance	59,915	33,041	60,726	32,067
Total loans individually evaluated for impairment	84,422	64,293	86,337	67,537
Interest Income Recognized
With an allowance recorded	250	334	517	706
With no related allowance	783	291	1,387	608
Total loans individually evaluated for impairment	1,033	625	1,904	1,314
Commercial and industrial
Unpaid Principal Balance
With an allowance recorded	254		254		303
With no related allowance	8,861		8,861		14,452
Total loans individually evaluated for impairment	9,115		9,115		14,755
Recorded Investment
With an allowance recorded	254		254		303
With no related allowance	8,847		8,847		14,441
Total loans individually evaluated for impairment	9,101		9,101		14,744
Related Allowance	154		154		187
Average Recorded Investment
With an allowance recorded	267	1,888	280	2,076
With no related allowance	15,156	7,393	17,316	4,248
Total loans individually evaluated for impairment	15,423	9,281	17,596	6,324
Interest Income Recognized
With an allowance recorded	4	27	8	58
With no related allowance	156	76	356	90
Total loans individually evaluated for impairment	160	103	364	148
Agricultural and farmland
Unpaid Principal Balance
With no related allowance	247		247		12
Total loans individually evaluated for impairment	247		247		12
Recorded Investment
With no related allowance	247		247		12
Total loans individually evaluated for impairment	247		247		12
Average Recorded Investment
With an allowance recorded		165		166
With no related allowance	252	383	244	383
Total loans individually evaluated for impairment	252	548	244	549
Interest Income Recognized
With an allowance recorded		2		4
With no related allowance	3	5	3	11
Total loans individually evaluated for impairment	3	7	3	15
Commercial real estate - owner occupied
Unpaid Principal Balance
With an allowance recorded	742		742		3,013
With no related allowance	11,936		11,936		9,534
Total loans individually evaluated for impairment	12,678		12,678		12,547
Recorded Investment
With an allowance recorded	742		742		3,013
With no related allowance	11,782		11,782		9,319
Total loans individually evaluated for impairment	12,524		12,524		12,332
Related Allowance	208		208		327
Average Recorded Investment
With an allowance recorded	745	2,744	1,580	2,993
With no related allowance	11,887	5,530	11,460	7,554
Total loans individually evaluated for impairment	12,632	8,274	13,040	10,547
Interest Income Recognized
With an allowance recorded	11	46	44	87
With no related allowance	141	70	247	192
Total loans individually evaluated for impairment	152	116	291	279
Commercial real estate - non-owner occupied
Unpaid Principal Balance
With an allowance recorded	14,526		14,526		14,912
With no related allowance	17,997		17,997		14,755
Total loans individually evaluated for impairment	32,523		32,523		29,667
Recorded Investment
With an allowance recorded	14,513		14,513		14,893
With no related allowance	17,917		17,917		14,682
Total loans individually evaluated for impairment	32,430		32,430		29,575
Related Allowance	2,641		2,641		2,999
Average Recorded Investment
With an allowance recorded	14,603	15,564	14,728	17,949
With no related allowance	17,947	5,586	16,728	5,625
Total loans individually evaluated for impairment	32,550	21,150	31,456	23,574
Interest Income Recognized
With an allowance recorded	185	197	371	405
With no related allowance	340	70	538	138
Total loans individually evaluated for impairment	525	267	909	543
Multi-family
Average Recorded Investment
With no related allowance		874		875
Total loans individually evaluated for impairment		874		875
Interest Income Recognized
With no related allowance				10
Total loans individually evaluated for impairment				10
Construction and land development
Unpaid Principal Balance
With no related allowance	2,108		2,108		2,112
Total loans individually evaluated for impairment	2,108		2,108		2,112
Recorded Investment
With no related allowance	2,008		2,008		2,018
Total loans individually evaluated for impairment	2,008		2,008		2,018
Average Recorded Investment
With an allowance recorded				1,118
With no related allowance	2,012	1,971	2,014	1,868
Total loans individually evaluated for impairment	2,012	1,971	2,014	2,986
Interest Income Recognized
With an allowance recorded				27
With no related allowance	26		48	26
Total loans individually evaluated for impairment	26		48	53
One-to-four family residential
Unpaid Principal Balance
With an allowance recorded	576		576		1,421
With no related allowance	9,337		9,337		7,129
Total loans individually evaluated for impairment	9,913		9,913		8,550
Recorded Investment
With an allowance recorded	534		534		1,314
With no related allowance	8,026		8,026		5,583
Total loans individually evaluated for impairment	8,560		8,560		6,897
Related Allowance	100		100		210
Average Recorded Investment
With an allowance recorded	548	2,165	597	2,404
With no related allowance	8,181	6,600	8,453	6,789
Total loans individually evaluated for impairment	8,729	8,765	9,050	9,193
Interest Income Recognized
With an allowance recorded	4	23	9	46
With no related allowance	84	48	141	97
Total loans individually evaluated for impairment	88	71	150	143
Municipal, consumer, and other
Unpaid Principal Balance
With an allowance recorded	8,312		8,312		8,523
With no related allowance	4,488		4,488		4,603
Total loans individually evaluated for impairment	12,800		12,800		13,126
Recorded Investment
With an allowance recorded	8,289		8,289		8,498
With no related allowance	4,448		4,448		4,543
Total loans individually evaluated for impairment	12,737		12,737		13,041
Related Allowance	3,991		3,991		$ 1,875
Average Recorded Investment
With an allowance recorded	8,344	8,726	8,426	8,764
With no related allowance	4,480	4,704	4,511	4,725
Total loans individually evaluated for impairment	12,824	13,430	12,937	13,489
Interest Income Recognized
With an allowance recorded	46	39	85	79
With no related allowance	33	22	54	44
Total loans individually evaluated for impairment	$ 79	$ 61	$ 139	$ 123

LOANS AND THE ALLOWANCE FOR L_7

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Past Due Status (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accruing Interest
Accruing Interest	$ 2,446,662	$ 2,495,258
Nonaccrual	3,248	2,763
Total	2,451,826	2,499,689
30 - 89 Days Past Due
Accruing Interest
Accruing Interest	1,711	1,620
90+ Days Past Due
Accruing Interest
Accruing Interest	205	48
Commercial and industrial
Accruing Interest
Accruing Interest	249,547	286,563
Nonaccrual	89	374
Total	249,839	286,946
Commercial and industrial \| 30 - 89 Days Past Due
Accruing Interest
Accruing Interest	21	9
Commercial and industrial \| 90+ Days Past Due
Accruing Interest
Accruing Interest	182
Agricultural and farmland
Accruing Interest
Accruing Interest	229,878	247,772
Total	230,370	247,796
Agricultural and farmland \| 30 - 89 Days Past Due
Accruing Interest
Accruing Interest	492	24
Commercial real estate - owner occupied
Accruing Interest
Accruing Interest	228,997	234,441
Total	228,997	234,544
Commercial real estate - owner occupied \| 30 - 89 Days Past Due
Accruing Interest
Accruing Interest		103
Commercial real estate - non-owner occupied
Accruing Interest
Accruing Interest	655,089	683,029
Nonaccrual	1,004	171
Total	656,093	684,023
Commercial real estate - non-owner occupied \| 30 - 89 Days Past Due
Accruing Interest
Accruing Interest		823
Multi-family
Accruing Interest
Accruing Interest	269,452	263,911
Total	269,452	263,911
Construction and land development
Accruing Interest
Accruing Interest	331,393	297,465
Nonaccrual	517	519
Total	332,041	298,048
Construction and land development \| 30 - 89 Days Past Due
Accruing Interest
Accruing Interest	131	64
One-to-four family residential
Accruing Interest
Accruing Interest	322,580	325,780
Nonaccrual	1,575	1,642
Total	325,047	327,837
One-to-four family residential \| 30 - 89 Days Past Due
Accruing Interest
Accruing Interest	869	383
One-to-four family residential \| 90+ Days Past Due
Accruing Interest
Accruing Interest	23	32
Municipal, consumer, and other
Accruing Interest
Accruing Interest	159,726	156,297
Nonaccrual	63	57
Total	159,987	156,584
Municipal, consumer, and other \| 30 - 89 Days Past Due
Accruing Interest
Accruing Interest	$ 198	214
Municipal, consumer, and other \| 90+ Days Past Due
Accruing Interest
Accruing Interest		$ 16

LOANS AND THE ALLOWANCE FOR L_8

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Assigned Risk Ratings (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	$ 2,451,826	$ 2,499,689
Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	2,307,449	2,269,228
Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	63,564	148,285
Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	80,813	82,176
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	249,839	286,946
Commercial and industrial \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	231,925	267,088
Commercial and industrial \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	8,813	5,114
Commercial and industrial \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	9,101	14,744
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	230,370	247,796
Agricultural and farmland \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	215,962	221,898
Agricultural and farmland \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	13,530	25,213
Agricultural and farmland \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	878	685
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	228,997	234,544
Commercial real estate - owner occupied \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	199,482	198,862
Commercial real estate - owner occupied \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	17,815	24,098
Commercial real estate - owner occupied \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	11,700	11,584
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	656,093	684,023
Commercial real estate - non-owner occupied \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	609,298	619,212
Commercial real estate - non-owner occupied \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	11,543	32,372
Commercial real estate - non-owner occupied \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	35,252	32,439
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	269,452	263,911
Multi-family \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	264,487	241,362
Multi-family \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	4,965	22,549
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	332,041	298,048
Construction and land development \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	329,700	268,556
Construction and land development \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	332	27,474
Construction and land development \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	2,009	2,018
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	325,047	327,837
One-to-four family residential \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	309,631	308,951
One-to-four family residential \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	6,280	11,221
One-to-four family residential \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	9,136	7,665
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	159,987	156,584
Municipal, consumer, and other \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	146,964	143,299
Municipal, consumer, and other \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	286	244
Municipal, consumer, and other \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Total	$ 12,737	$ 13,041

LOANS AND THE ALLOWANCE FOR L_9

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Financial Effect of Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Dec. 31, 2021 USD ($)
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans \| loan	0	0	0	0
Loans with payment modifications due to COVID-19	$ 0		$ 0		$ 200
Troubled debt restructurings	3,300		3,300		3,500
Troubled debt restructuring subsequent payment defaults during the three months	0	$ 0	0	$ 0
Loans, net of allowance for loan losses	2,427,092		2,427,092		2,475,753
Pledged assets
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, net of allowance for loan losses	$ 570,700		$ 570,700		$ 567,000

LOANS AND THE ALLOWANCE FOR _10

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Accretable Yield For Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Changes in accretable yield for loans acquired with deteriorated credit quality
Beginning balance	$ 484	$ 1,338	$ 413	$ 1,397
Reclassification from non-accretable difference	100	79	217	153
Accretion income	(47)	(67)	(93)	(200)
Ending balance	$ 537	$ 1,350	$ 537	$ 1,350

LOAN SERVICING - Mortgage Servi

LOAN SERVICING - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance			$ 7,994
Ending balance	$ 10,089		10,089		$ 7,994
Mortgage Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance	9,723	$ 7,629	7,994	$ 5,934	5,934
Acquired	136	356	307	753
Attributable to payments and principal reductions	(379)	(490)	(686)	(957)
Attributable to changes in valuation inputs and assumptions	609	(176)	2,474	1,589
Total fair value adjustment	230	(666)	1,788	632
Ending balance	$ 10,089	$ 7,319	10,089	$ 7,319	7,994
Mortgage loans serviced for others			$ 997,600		$ 1,040,000

FORECLOSED ASSETS - Activity (D

FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
FORECLOSED ASSETS
Beginning balance	$ 3,043	$ 4,748	$ 3,278	$ 4,168
Transfers from loans	8	4,185	27	4,856
Proceeds from sales	(153)	(1,214)	(447)	(1,229)
Sales through loan origination		(178)		(178)
Net gain (loss) on sales	(7)	216	98	213
Direct write-downs			(65)	(73)
Ending balance	$ 2,891	$ 7,757	$ 2,891	$ 7,757

FORECLOSED ASSETS - Gains (loss

FORECLOSED ASSETS - Gains (losses) on Foreclosed Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
FORECLOSED ASSETS
Direct write-downs			$ (65)	$ (73)
Net gain (loss) on sales	$ (7)	$ 216	98	213
Gains (losses) on foreclosed assets	$ (7)	$ 216	$ 33	$ 140

FORECLOSED ASSETS - Additional

FORECLOSED ASSETS - Additional Information (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 2,891	$ 3,278	$ 3,043	$ 7,757	$ 4,748	$ 4,168
One-to-four family residential real estate property
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 8	$ 200
Number of loans in the process of foreclosure \| loan	1	4
Loan amount in the process of foreclosure	$ 200	$ 100

DEPOSITS - Interest bearing Dep

DEPOSITS - Interest bearing Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
DEPOSITS
Noninterest-bearing deposits	$ 1,028,790	$ 1,087,659
Interest-bearing demand	1,162,292	1,105,949
Money market	581,058	583,198
Savings	654,953	633,171
Time	274,893	328,208
Total interest-bearing deposits	2,673,196	2,650,526
Total deposits	$ 3,701,986	$ 3,738,185

DEPOSITS - Interest bearing D_2

DEPOSITS - Interest bearing Deposits - Narrative (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
DEPOSITS
Brokered deposits		$ 4.2
Reciprocal transaction deposits, Money market deposits	$ 6.9	6.9
Reciprocal transaction deposits, Time deposits	1	0.9
Time deposits in denominations of $250,000 or more	25.4	59.5
Time deposits in denominations of $100,000 or more	$ 90.5	$ 133.1

DEPOSITS - Interest expense on

DEPOSITS - Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
DEPOSITS
Interest-bearing demand	$ 144	$ 127	$ 286	$ 244
Money market	110	94	231	183
Savings	52	46	102	87
Time	200	346	456	743
Total interest expense on deposits	$ 506	$ 613	$ 1,075	$ 1,257

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
DERIVATIVE FINANCIAL INSTRUMENTS
Cash pledged		$ 0.8
Debt Securities, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral [Member]	Asset Pledged as Collateral [Member]
Debt securities pledged		$ 7.5
Debt Securities, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral [Member]	Asset Pledged as Collateral [Member]

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Derivative instrument assets and liabilities (Details) - Designated - Interest rate swap - Cash flow hedge - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other assets
DERIVATIVE FINANCIAL INSTRUMENTS
Fair value recorded in other assets	$ 226
Derivative asset notional amount	$ 17,000
Other liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative financial liability fair value		$ 680
Derivative financial liability notional amount		$ 17,000

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts designated as cash flow hedges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flow hedge \| Subordinated debentures interest expense
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income (loss)	$ (67)	$ (102)	$ (163)	$ (201)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts not designated as hedging instruments (Details) - Not designated - Interest rate swap - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
DERIVATIVE FINANCIAL INSTRUMENTS
Gross gains	$ 4,681	$ 2,874	$ 10,094	$ 10,438
Derivative, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Gross losses	$ (4,681)	$ (2,874)	$ (10,094)	$ (10,438)
Derivative, Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Other assets
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	$ 110,637		$ 110,637		$ 115,921
Derivative financial assets fair value	3,709		3,709		8,697
Other assets \| Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	36,495		36,495		112,041
Derivative financial assets fair value	657		657		8,622
Other assets \| Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	74,142		74,142		3,880
Derivative financial assets fair value	3,052		3,052		75
Other liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	110,637		110,637		115,921
Derivative financial liabilities fair value	(3,709)		(3,709)		(8,697)
Other liabilities \| Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	74,142		74,142		3,880
Derivative financial liabilities fair value	(3,052)		(3,052)		(75)
Other liabilities \| Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	36,495		36,495		112,041
Derivative financial liabilities fair value	$ (657)		$ (657)		$ (8,622)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	$ 383,155	$ 357,406	$ 411,881	$ 363,917
Other comprehensive (loss) income, before tax	(23,386)	9,063	(75,937)	(13,661)
Income tax expense (benefit)	(6,666)	2,583	(21,646)	(3,894)
Other comprehensive (loss) income, after tax	(16,720)	6,480	(54,291)	(9,767)
Balance	373,809	373,194	373,809	373,194
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(36,100)	1,906	1,471	18,153
Other comprehensive (loss) income before reclassifications	(24,002)	8,762	(76,830)	(14,093)
Reclassifications	616	301	893	432
Other comprehensive (loss) income, before tax	(23,386)	9,063	(75,937)	(13,661)
Income tax expense (benefit)	(6,666)	2,583	(21,646)	(3,894)
Other comprehensive (loss) income, after tax	(16,720)	6,480	(54,291)	(9,767)
Balance	(52,820)	8,386	(52,820)	8,386
Unrealized gains (losses) on available-for-sale securities
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(24,794)	6,971	5,736	19,578
Transfer from available-for-sale to held-to-maturity		(3)	7,664	3,887
Other comprehensive (loss) income before reclassifications	(24,151)	8,800	(77,573)	(14,274)
Other comprehensive (loss) income, before tax	(24,151)	8,800	(77,573)	(14,274)
Income tax expense (benefit)	(6,884)	2,508	(22,112)	(4,069)
Other comprehensive (loss) income, after tax	(17,267)	6,292	(55,461)	(10,205)
Balance	(42,061)	13,260	(42,061)	13,260
Unrealized gains (losses) on held-to-maturity securities
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(11,048)	(3,985)	(3,514)	(118)
Transfer from available-for-sale to held-to-maturity		3	(7,664)	(3,887)
Reclassifications	549	199	730	231
Other comprehensive (loss) income, before tax	549	199	730	231
Income tax expense (benefit)	157	57	208	66
Other comprehensive (loss) income, after tax	392	142	522	165
Balance	(10,656)	(3,840)	(10,656)	(3,840)
Derivatives
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(258)	(1,080)	(751)	(1,307)
Other comprehensive (loss) income before reclassifications	149	(38)	743	181
Reclassifications	67	102	163	201
Other comprehensive (loss) income, before tax	216	64	906	382
Income tax expense (benefit)	61	18	258	109
Other comprehensive (loss) income, after tax	155	46	648	273
Balance	$ (103)	$ (1,034)	$ (103)	$ (1,034)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income	$ 14,085	$ 13,717	$ 27,689	$ 28,962
Earnings allocated to participating securities	(17)	(25)	(34)	(56)
Numerator for earnings per share - basic	$ 14,068	13,692	$ 27,655	28,906
Numerator for earnings per share - diluted		$ 13,692		$ 28,906
Denominator:
Weighted average common shares outstanding	28,891,202	27,362,579	28,938,634	27,396,557
Dilutive effect of outstanding restricted stock units	53,674	17,701	48,688	10,137
Weighted average common shares outstanding, including all dilutive potential shares	28,944,876	27,380,280	28,987,322	27,406,694
Earnings per share - Basic	$ 0.49	$ 0.50	$ 0.96	$ 1.06
Earnings per share - Diluted	$ 0.49	$ 0.50	$ 0.95	$ 1.05

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details) $ in Thousands	3 Months Ended		6 Months Ended
STOCK-BASED COMPENSATION PLANS (Details) $ in Thousands	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) installment item	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Oct. 09, 2019 shares
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	$ 359	$ 181	$ 1,237	$ 440
Accelerated stock-based compensation expense			600
Restricted Stock Units
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	$ 234	148	$ 842	262
Number of shares participant is entitled to receive \| item	1		1
Fair value of units granted			$ 900	800
Intrinsic value of restricted stock units			700	300
Unrecognized compensation cost related to non-vested stock-based compensation agreements	$ 1,400		$ 1,400
Weighted average remaining service period			1 year 10 months 24 days
Performance Shares
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	118	33	$ 411	48
Unrecognized compensation cost related to non-vested stock-based compensation agreements	$ 500		$ 500
Weighted average remaining service period			1 year 9 months 18 days
Performance Shares \| Key employees
STOCK-BASED COMPENSATION PLANS
Fair value of units granted			$ 500	400
Performance Shares \| Minimum
STOCK-BASED COMPENSATION PLANS
Percentage of the number of units granted that may be earned	0%		0%
Performance Shares \| Maximum
STOCK-BASED COMPENSATION PLANS
Percentage of the number of units granted that may be earned	150%		150%
Total awards classified as equity
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	$ 352	$ 181	$ 1,253	310
Stock Appreciation Rights
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	7		(16)	$ 130
Unrecognized compensation cost related to non-vested stock-based compensation agreements	38		$ 38
Number of installments \| installment			4
Stock appreciation rights plan liability recorded for the outstanding units	500		$ 500		$ 500
Stock appreciation rights plan liability recorded for the previously exercised units	$ 500		$ 500		$ 800
Number of installments in which the liability recorded for previously exercised units will be paid \| installment			2
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	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restricted Stock Units
Stock-based compensation plans
Outstanding (in units)	120,631	97,122	109,244	71,000
Granted (in units)		4,000	46,312	50,347
Exercised (in units)			(34,925)	(20,225)
Forfeited (in units)		(1,525)		(1,525)
Outstanding (in units)	120,631	99,597	120,631	99,597
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 17.98	$ 17.36	$ 17.27	$ 18.98
Granted (in dollars per unit)		17.93	19.11	15.72
Exercised (in dollars per unit)			17.26	18.86
Forfeited (in dollars per unit)		18.11		18.11
Outstanding (in dollars per unit)	$ 17.98	$ 17.37	$ 17.98	$ 17.37
Performance Shares
Stock-based compensation plans
Outstanding (in units)	62,067	28,697	38,344
Granted (in units)	0	0	23,723	28,697
Outstanding (in units)	62,067	28,697	62,067	28,697
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 17.02	$ 15.53	$ 15.72
Granted (in dollars per unit)	0	0	19.14	$ 15.53
Outstanding (in dollars per unit)	$ 17.02	$ 15.53	$ 17.02	$ 15.53
Stock Appreciation Rights
Stock-based compensation plans
Outstanding (in units)	91,800	104,040	97,920	105,570
Granted (in units)
Exercised (in units)		(6,120)	(6,120)	(6,120)
Expired (in units)				(1,530)
Outstanding (in units)	91,800	97,920	91,800	97,920
Exercisable (in shares)	79,560		79,560
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 16.32	$ 16.32	$ 16.32	$ 16.32
Exercised (in dollars per unit)		16.32	16.32	16.32
Expired (in dollars per unit)				(16.32)
Outstanding (in dollars per unit)	$ 16.32	$ 16.32	$ 16.32	$ 16.32
Weighted average remaining contractual term			6 years 8 months 12 days

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS - Summary of assumptions used (Details) - Stock Appreciation Rights	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	3%	1.40%
Expected volatility	35.99%	35.52%
Expected life (in years)	7 years 2 months 12 days	7 years 8 months 12 days
Expected dividend yield	3.58%	3.20%

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.025	0.025
Heartland Bank
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount	$ 472,112	$ 452,162
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	237,035	226,950
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	296,294	283,688
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	447,378	428,226
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	177,777	170,213
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	237,035	226,950
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	447,378	428,226
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	133,332	127,659
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	192,591	184,397
Tier 1 Capital (to Average Assets), Actual Amount	447,378	428,226
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	172,215	169,070
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 215,269	$ 211,337
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1593	0.1594
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.0800	0.0800
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.1000	0.1000
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1510	0.1509
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.0600	0.0600
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.0800	0.0800
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.151%	0.1509%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.045%	0.045%
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.065%	0.065%
Tier 1 Capital (to Average Assets), Actual Ratio (as a percent)	0.1039	0.1013
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.0400	0.0400
Tier 1 Capital (to Average Assets), To Be well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.0500	0.0500
Consolidated HBT
REGULATORY MATTERS
Total Capital (to Risk Weighted Assets), Actual Amount	$ 496,810	$ 479,320
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	237,210	227,115
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	432,720	416,068
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	177,908	170,336
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	396,138	379,519
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	133,431	127,752
Tier 1 Capital (to Average Assets), Actual Amount	432,720	416,068
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	$ 172,307	$ 169,171
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1676	0.1688
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.0800	0.0800
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1459	0.1466
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.0600	0.0600
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1336%	0.1337%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.045%	0.045%
Tier 1 Capital (to Average Assets), Actual Ratio (as a percent)	0.1005	0.0984
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Ratio (as a percent)	0.0400	0.0400

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	$ 924,706	$ 942,168
Equity securities	3,103	3,443
Fair value	10,089	7,994
U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	159,205	108,976
U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	58,217	128,105
Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	260,541	297,077
Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	225,042	179,466
Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	149,236	164,061
Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	72,465	64,483
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,103	3,443
Fair value	10,089	7,994
Derivative financial assets fair value	3,935	8,697
Derivative financial liabilities fair value	3,709	9,377
Recurring \| U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	159,205	108,976
Recurring \| U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	58,217	128,105
Recurring \| Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	260,541	297,077
Recurring \| Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	225,042	179,466
Recurring \| Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	149,236	164,061
Recurring \| Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	72,465	64,483
Recurring \| Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,103	3,443
Recurring \| Level 1 \| U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	159,205	108,976
Recurring \| Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivative financial assets fair value	3,935	8,697
Derivative financial liabilities fair value	3,709	9,377
Recurring \| Level 2 \| U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	58,217	128,105
Recurring \| Level 2 \| Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	260,541	297,077
Recurring \| Level 2 \| Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	225,042	179,466
Recurring \| Level 2 \| Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	149,236	164,061
Recurring \| Level 2 \| Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value	72,465	64,483
Recurring \| Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 10,089	$ 7,994

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Mortgage Servicing Rights (Details) $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 10,089	$ 7,994
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	10,089	7,994
Recurring \| Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 10,089	$ 7,994
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Recurring \| Level 3 \| Constant pre-payment rates (CPR)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 10,089	$ 7,994
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	7	7
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	41.2	88.9
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	7.9	11.7
Recurring \| Level 3 \| Discount rate \| Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	9	9
Recurring \| Level 3 \| Discount rate \| Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	11	11
Recurring \| Level 3 \| Discount rate \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	9.1	9

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	$ 5,312	$ 4,942
Collateral-dependent impaired loans	17,238	22,423
Bank premises held for sale	319	1,452
Foreclosed assets	2,891	3,278
Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	5,312	4,942
Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Collateral-dependent impaired loans	17,238	22,423
Bank premises held for sale	319	1,452
Foreclosed assets	$ 2,891	$ 3,278

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable inputs used in nonrecurring measurements (Details) - Nonrecurring - Level 3 $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Collateral-dependent impaired loans \| Appraisal of collateral
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 17,238	$ 22,423
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Bank premises held for sale \| Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 319	$ 1,452
Measurement input	7	7
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Bank premises held for sale \| Appraisal \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	7	7
Foreclosed assets \| Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 2,891	$ 3,278
Measurement input	7	7
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Foreclosed assets \| Appraisal \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	7	7

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Debt securities held-to-maturity	$ 510,152	$ 336,027
Level 1 \| Carrying Amount
Financial assets:
Cash and cash equivalents	160,031	409,268
Level 1 \| Estimated Fair Value
Financial assets:
Cash and cash equivalents	160,031	409,268
Level 2 \| Carrying Amount
Financial assets:
Debt securities held-to-maturity	548,236	336,185
Accrued interest receivable	14,263	14,901
Financial liabilities:
Securities sold under agreements to repurchase	51,091	61,256
Accrued interest payable	974	1,043
Level 2 \| Estimated Fair Value
Financial assets:
Debt securities held-to-maturity	510,152	336,027
Accrued interest receivable	14,263	14,901
Financial liabilities:
Securities sold under agreements to repurchase	51,091	61,256
Accrued interest payable	974	1,043
Level 3 \| Carrying Amount
Financial assets:
Restricted stock	2,813	2,739
Loans, net	2,427,092	2,475,753
Investments in unconsolidated subsidiaries	1,165	1,165
Financial liabilities:
Time deposits	274,893	328,208
Level 3 \| Estimated Fair Value
Financial assets:
Restricted stock	2,813	2,739
Loans, net	2,450,897	2,494,686
Investments in unconsolidated subsidiaries	1,165	1,165
Financial liabilities:
Time deposits	268,761	327,779
Subordinated Notes \| Level 3 \| Carrying Amount
Financial liabilities:
Subordinated debt	39,356	39,316
Subordinated Notes \| Level 3 \| Estimated Fair Value
Financial liabilities:
Subordinated debt	38,854	41,602
Junior Subordinated Debentures Issued \| Level 3 \| Carrying Amount
Financial liabilities:
Subordinated debt	37,747	37,714
Junior Subordinated Debentures Issued \| Level 3 \| Estimated Fair Value
Financial liabilities:
Subordinated debt	$ 33,787	$ 33,640

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Standby letters of credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 14,485	$ 12,960
Commitments to extend credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 656,359	$ 609,947