HBT Financial (HBT) 10-Q3 May 232023 Q1 Quarterly reportFinancial data

Company Profile

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
DOCUMENT AND ENTITY INFORMATION - shares	Mar. 31, 2023	Apr. 25, 2023
DOCUMENT AND ENTITY INFORMATION
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
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		32,040,881
Entity Central Index Key	0000775215
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 35,244	$ 18,970
Interest-bearing deposits with banks	141,868	95,189
Cash and cash equivalents	177,112	114,159
Interest-bearing time deposits with banks	249
Debt securities available-for-sale, at fair value (allowance for credit losses of $600 at 2023)	854,622	843,524
Debt securities held-to-maturity (fair value of $481,925 at 2023 and $478,801 at 2022)	536,429	541,600
Equity securities with readily determinable fair value	3,145	3,029
Equity securities with no readily determinable fair value	1,980	1,977
Restricted stock, at cost	4,991	7,965
Loans held for sale	5,130	615
Loans, before allowance for credit losses	3,195,540	2,620,253
Allowance for credit losses	(38,776)	(25,333)
Loans, net of allowance for credit losses	3,156,764	2,594,920
Bank owned life insurance	23,447	7,557
Bank premises and equipment, net	65,119	50,469
Bank premises held for sale	235	235
Foreclosed assets	3,356	3,030
Goodwill	59,876	29,322
Intangible assets, net	22,842	1,070
Mortgage servicing rights, at fair value	19,992	10,147
Investments in unconsolidated subsidiaries	1,614	1,165
Accrued interest receivable	20,301	19,506
Other assets	56,617	56,444
Total assets	5,013,821	4,286,734
Deposits:
Noninterest-bearing	1,218,888	994,954
Interest-bearing	3,091,633	2,592,070
Total deposits	4,310,521	3,587,024
Securities sold under agreements to repurchase	34,919	43,081
Federal Home Loan Bank advances	75,183	160,000
Subordinated notes	39,415	39,395
Junior subordinated debentures issued to capital trusts	52,746	37,780
Other liabilities	50,939	45,822
Total liabilities	4,563,723	3,913,102
COMMITMENTS AND CONTINGENCIES (Note 23)
Stockholders' Equity
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 125,000,000 shares authorized; shares issued of 32,730,698 at 2023 and 29,308,491 at 2022; shares outstanding of 32,095,370 at 2023 and 28,752,626 at 2022	327	293
Surplus	294,441	222,783
Retained earnings	228,782	232,004
Accumulated other comprehensive income (loss)	(62,175)	(71,759)
Treasury stock at cost, 635,328 shares at 2023 and 555,865 at 2022	(11,277)	(9,689)
Total stockholders' equity	450,098	373,632
Total liabilities and stockholders' equity	$ 5,013,821	$ 4,286,734

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Stockholders' Equity
Allowance for credit losses	$ 600
Debt securities held-to-maturity	$ 481,925	$ 478,801
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	32,730,698	29,308,491
Common stock, shares outstanding	32,095,370	28,752,626
Treasury stock ,shares	635,328	555,865

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Loans, including fees:
Taxable	$ 42,159	$ 26,806
Federally tax exempt	952	662
Securities:
Taxable	6,616	4,649
Federally tax exempt	1,197	1,040
Interest-bearing deposits in bank	739	159
Other interest and dividend income	116	19
Total interest and dividend income	51,779	33,335
INTEREST EXPENSE
Deposits	2,374	569
Securities sold under agreements to repurchase	38	9
Borrowings	1,297	1
Subordinated notes	470	470
Junior subordinated debentures issued to capital trusts	763	358
Total interest expense	4,942	1,407
Net interest income	46,837	31,928
PROVISION FOR LOAN LOSSES	6,210	(584)
Net interest income after provision for credit losses	40,627	32,512
NONINTEREST INCOME
Mortgage servicing	1,099	658
Mortgage servicing rights fair value adjustment	(624)	1,729
Gains on sale of mortgage loans	276	587
Realized gains (losses) on sales of securities	(1,007)
Unrealized gains (losses) on equity securities	(22)	(187)
Gains (losses) on foreclosed assets	(10)	40
Gains (losses) on other assets		193
Income on bank owned life insurance	115	40
Other noninterest income	743	638
Total noninterest income	7,437	10,043
NONINTEREST EXPENSE
Salaries	19,411	12,801
Employee benefits	2,335	2,444
Occupancy of bank premises	2,102	2,060
Furniture and equipment	659	552
Data processing	4,323	1,653
Marketing and customer relations	836	851
Amortization of intangible assets	510	245
FDIC insurance	563	288
Loan collection and servicing	278	157
Foreclosed assets	61	132
Other noninterest expense	4,855	2,974
Total noninterest expense	35,933	24,157
INCOME BEFORE INCOME TAX EXPENSE	12,131	18,398
INCOME TAX EXPENSE	2,923	4,794
NET INCOME	$ 9,208	$ 13,604
EARNINGS PER SHARE - BASIC	$ 0.30	$ 0.47
EARNINGS PER SHARE - DILUTED	$ 0.30	$ 0.47
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING - Basic	30,977,204	28,986,593
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING - Diluted	31,047,151	29,030,239
Card income
NONINTEREST INCOME
Revenue	$ 2,658	$ 2,404
Wealth management fees
NONINTEREST INCOME
Revenue	2,338	2,289
Service charges on deposit accounts
NONINTEREST INCOME
Revenue	$ 1,871	$ 1,652

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
NET INCOME	$ 9,208	$ 13,604
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gains (losses) on debt securities available-for-sale	11,443	(53,422)
Reclassification adjustment for losses on securities available-for-sale realized in income	1,607
Reclassification adjustment for amortization of net unrealized losses on debt securities transferred to held-to-maturity	490	181
Unrealized (losses) gains on derivative instruments	(40)	594
Reclassification adjustment for net settlements on derivative instruments	(94)	96
Total other comprehensive income (loss), before tax	13,406	(52,551)
Income tax expense (benefit)	3,822	(14,980)
Total other comprehensive income (loss)	9,584	(37,571)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 18,792	$ (23,967)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Surplus	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
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				13,604				13,604
Other comprehensive income (loss)					(37,571)			(37,571)
Stock-based compensation		901						901
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						(943)		(943)
Repurchase of common stock (in shares)	(50,062)
Cash dividends and dividend equivalents				(4,660)				(4,660)
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
Balance at Dec. 31, 2022	$ 293	222,783	$ (6,922)	232,004	(71,759)	(9,689)	$ (6,922)	373,632
Balance (in shares) at Dec. 31, 2022	28,752,626
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				9,208				9,208
Other comprehensive income (loss)					9,584			9,584
Stock-based compensation		517						517
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings		(181)						(181)
Issuance of common stock upon vesting of restricted stock units (in shares)	43,607
Issuance of common stock in Town and Country acquisition	$ 34	71,322						71,356
Issuance of common stock in Town and Country acquisition (in shares)	3,378,600
Repurchase of common stock						(1,588)		(1,588)
Repurchase of common stock (in shares)	(79,463)
Cash dividends and dividend equivalents				(5,508)				(5,508)
Balance at Mar. 31, 2023	$ 327	$ 294,441		$ 228,782	$ (62,175)	$ (11,277)		$ 450,098
Balance (in shares) at Mar. 31, 2023	32,095,370

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stock Transactions, Parenthetical Disclosures [Abstract]
Cash dividends	$ 0.17	$ 0.16

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 9,208	$ 13,604
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	793	763
Provision for loan losses	6,210	(584)
Net amortization of debt securities	1,518	1,763
Deferred income tax (benefit) expense	(1,079)	566
Stock-based compensation	517	901
Net accretion of discount and deferred loan fees on loans	(1,635)	(1,608)
Net realized loss on sales of securities	1,007
Net unrealized loss on equity securities	22	187
Net loss on disposals of bank premises and equipment		4
Net gain on sales of bank premises held for sale		(197)
Net gain on sales of foreclosed assets	(20)	(105)
Write-down of foreclosed assets	30	65
Amortization of intangibles	510	245
Decrease (increase) in mortgage servicing rights	624	(1,729)
Amortization of discount and issuance costs on subordinated notes and debentures	37	37
Amortization of premium on Federal Home Loan Bank borrowings	69
Amortization of premium on interest-bearing time deposits with banks		3
Amortization of premium on time deposits	(110)	(75)
Mortgage loans originated for sale	(15,734)	(20,440)
Proceeds from sale of mortgage loans	13,107	24,192
Net gain on sale of mortgage loans	(276)	(587)
Increase in cash surrender value of bank owned life insurance	(108)	(40)
Decrease in accrued interest receivable	2,318	1,374
Decrease in other assets	7,846	1,521
(Decrease) increase in other liabilities	(3,364)	1,379
Net cash provided by operating activities	21,490	21,239
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of securities available-for-sale	145,844
Proceeds from paydowns, maturities, and calls of debt securities	26,513	41,117
Purchase of securities	(51)	(189,744)
Net decrease in loans	61,964	14,649
Purchase of restricted stock	(3,545)
Proceeds from redemption of restricted stock	9,341
Purchases of bank premises and equipment	(622)	(289)
Proceeds from sales of bank premises and equipment	7
Proceeds from sales of bank premises held for sale		568
Proceeds from sales of foreclosed assets	40	294
Net cash paid for acquisition of Town and Country	(14,454)
Net cash provided by (used in) investing activities	225,037	(133,405)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	3,190	77,959
Net decrease in repurchase agreements	(8,162)	(10,422)
Net decrease in Federal Home Loan Bank advances	(171,325)
Taxes paid related to the vesting of restricted stock units	(181)	(57)
Repurchase of common stock	(1,588)	(943)
Cash dividends and dividend equivalents paid	(5,508)	(4,660)
Net cash (used in) provided by financing activities	(183,574)	61,877
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	62,953	(50,289)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	114,159	409,268
CASH AND CASH EQUIVALENTS AT END OF PERIOD	177,112	358,979
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	4,903	1,890
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfers of loans to foreclosed assets	$ 105	$ 19

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
ACCOUNTING POLICIES	Mar. 31, 2023
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 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, 2022, filed with the SEC on March 8, 2023. 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 $1.235 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 credit 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. Impact of Recently Adopted Accounting Standards On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after December 31, 2022 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net decrease to retained earnings of $6.9 million as of January 1, 2023 for the cumulative effect of adopting ASC 326. The following table illustrates the impact of ASC 326 on the allowance for credit losses: January 1, 2023 Pre-ASC 326 Impact of As Reported Adoption ASC 326 Adoption under ASC 326 (dollars in thousands) Assets: Allowance for credit losses on loans Commercial and industrial $ 3,279 $ (822) $ 2,457 Commercial real estate - owner occupied 1,193 587 1,780 Commercial real estate - non-owner occupied 6,721 501 7,222 Construction and land development 4,223 1,969 6,192 Multi-family 1,472 85 1,557 One-to-four family residential 1,759 797 2,556 Agricultural and farmland 796 1,567 2,363 Municipal, consumer, and other 5,890 2,299 8,189 Allowance for credit losses on loans $ 25,333 $ 6,983 $ 32,316 Liabilities: Allowance for credit losses on unfunded commitments $ — $ 2,899 $ 2,899 The Company also adopted ASC 326 using the prospective transition approach for purchase credit deteriorated (“PCD”) financial assets that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30. In accordance with ASC 326, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. On January 1, 2023, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $0.2 million to the allowance for credit losses. The remaining noncredit discount will be accreted into interest income at the effective interest rate as of January 1, 2023. On January 1, 2023, the Company also adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities 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	3 Months Ended
ACQUISITIONS	Mar. 31, 2023
ACQUISITIONS
ACQUISITIONS	NOTE 2 – ACQUISITIONS Town and Country Financial Corporation On February 1, 2023, HBT Financial acquired 100% of the issued and outstanding common stock of Town and Country Financial Corporation (“Town and Country”), the holding company for Town and Country Bank, pursuant to an Agreement and Plan of Merger dated August 23, 2022. Under the Agreement and Plan of Merger, Town and Country merged with and into HBT Financial, with HBT Financial as the surviving entity, immediately followed by the merger of Town and Country Bank with and into Heartland Bank, with Heartland Bank as the surviving entity. At the effective time of the merger, each share of Town and Country was converted into the right to receive, subject to the election and proration procedures as provided in the Merger Agreement, one of the following: (i) 1.9010 shares of HBT Financial’s common stock, or (ii) $35.66 in cash, or (iii) a combination of cash and HBT Financial common stock. Total consideration consisted of 3,378,600 shares of HBT Financial’s common stock and $38.0 million in cash. In lieu of fractional shares, holders of Town and Country common stock received cash. Based upon the closing price of HBT Financial common stock of $21.12 on February 1, 2023, the aggregate transaction value was approximately $109.4 million. 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. Fair values are subject to refinement for up to one year after the closing date of February 1, 2023. Goodwill of $30.6 million was recorded in the acquisition, which reflects expected synergies from combining the operations of HBT Financial and Town and Country, and is nondeductible for tax purposes. The acquisition of Town and Country further enhanced HBT Financial’s footprint in Central Illinois, and expanded our footprint into metro-east St. Louis. During the three months ended March 31, 2023, HBT Financial incurred the following expenses related to the acquisition of Town and Country (dollars in thousands): Provision for credit losses $ 5,924 Salaries 3,518 Data processing 1,855 Marketing and customer relations 14 Legal fees and other noninterest expense 1,753 Total acquisition-related expenses $ 13,064 There were no expenses related to the acquisition of Town and Country during the three months ended March 31, 2022. The fair value of the assets acquired and liabilities assumed from Town and Country on the acquisition date of February 1, 2023 were as follows (dollars in thousands): Fair Value Assets acquired: Cash and cash equivalents $ 23,542 Interest-bearing time deposits with banks 249 Debt securities 167,869 Equity securities 90 Restricted stock 2,822 Loans held for sale 1,612 Loans, before allowance for credit losses 635,376 Allowance for credit losses (1,247) Loans, net of allowance for credit losses 634,129 Bank owned life insurance 15,782 Bank premises and equipment 14,828 Foreclosed assets 271 Intangible assets 22,282 Mortgage servicing rights 10,469 Investments in unconsolidated subsidiaries 449 Accrued interest receivable 3,113 Other assets 8,061 Total assets acquired 905,568 Liabilities assumed: Deposits 720,417 FHLB advances 86,439 Junior subordinated debentures 14,949 Other liabilities 4,965 Total liabilities assumed 826,770 Net assets acquired $ 78,798 Consideration paid: Cash $ 37,996 Common stock 71,356 Total consideration paid $ 109,352 Goodwill $ 30,554 Of the loans acquired, there were $89.8 million which exhibited more-than-insignificant credit deterioration on the acquisition date. The following table provides a summary of these PCD loans at acquisition (dollars in thousands): Unpaid principal balance $ 89,822 Allowance for credit losses at acquisition (1,247) Non-credit discount (2,218) Purchase price $ 86,357 Additionally, subsequent to the Town and Country acquisition, HBT Financial recognized an allowance for credit losses on non-PCD loans of $5.2 million and an allowance for credit losses on unfunded commitments of $0.7 million through an increase to the provision for credit losses. The following table provides the pro forma information for the results of operations for the three months ended March 31, 2023 and 2022, as if the acquisition of Town and Country had occurred on January 1, 2022. The pro forma results combine the historical results of Town and Country 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, 2022. No assumptions have been applied to the pro forma results of operations regarding possible revenue enhancements, provision for credit 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 March 31, (dollars in thousands, except per share data) 2023 2022 Total revenues (net interest income and noninterest income) $ 57,770 $ 54,512 Net income 10,015 17,577 Earnings per share - basic 0.31 0.57 Earnings per share - diluted 0.31 0.57

SECURITIES

SECURITIES	3 Months Ended
SECURITIES	Mar. 31, 2023
SECURITIES
SECURITIES	NOTE 3 – SECURITIES Debt Securities The amortized cost and fair values of debt securities, with gross unrealized gains and losses and allowance for credit losses, are as follows: March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,824 $ — $ (12,804) $ — $ 157,020 U.S. government agency 57,111 — (3,413) — 53,698 Municipal 274,849 114 (26,079) — 248,884 Mortgage-backed: Agency residential 218,509 20 (16,553) — 201,976 Agency commercial 150,195 4 (15,190) — 135,009 Corporate 62,616 — (3,981) (600) 58,035 Total available-for-sale $ 933,104 $ 138 $ (78,020) $ (600) $ 854,622 March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Held-to-maturity: (dollars in thousands) U.S. government agency $ 88,430 $ — $ (8,257) $ 80,173 $ — Municipal 41,121 426 (128) 41,419 — Mortgage-backed: Agency residential 100,500 — (5,275) 95,225 — Agency commercial 306,378 — (41,270) 265,108 — Total held-to-maturity $ 536,429 $ 426 $ (54,930) $ 481,925 $ — December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,860 $ — $ (15,345) $ 154,515 U.S. government agency 59,291 — (4,134) 55,157 Municipal 275,972 46 (32,189) 243,829 Mortgage-backed: Agency residential 213,676 5 (18,240) 195,441 Agency commercial 150,060 — (17,172) 132,888 Corporate 65,597 55 (3,958) 61,694 Total available-for-sale $ 934,456 $ 106 $ (91,038) $ 843,524 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Held-to-maturity: (dollars in thousands) U.S. government agency $ 88,424 $ — $ (9,728) $ 78,696 Municipal 42,167 195 (314) 42,048 Mortgage-backed: Agency residential 102,728 — (6,470) 96,258 Agency commercial 308,281 — (46,482) 261,799 Total held-to-maturity $ 541,600 $ 195 $ (62,994) $ 478,801 On March 31, 2022, 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 Amortized Cost Fair Value (dollars in thousands) U.S. government agency $ 78,841 $ 71,048 Mortgage-backed: Agency residential 8,175 7,651 Agency commercial 27,834 25,432 Total $ 114,850 $ 104,131 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 March 31, 2023 and December 31, 2022, the Bank had debt securities with a carrying value of $369.7 million and $332.6 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 amortized cost and fair value of debt securities by contractual maturity, as of March 31, 2023, 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 $ 30,344 $ 29,783 $ 1,211 $ 1,213 Due after 1 year through 5 years 230,070 218,061 27,853 27,207 Due after 5 years through 10 years 242,248 214,337 94,481 87,530 Due after 10 years 61,738 55,456 6,006 5,642 Mortgage-backed: Agency residential 218,509 201,976 100,500 95,225 Agency commercial 150,195 135,009 306,378 265,108 Total $ 933,104 $ 854,622 $ 536,429 $ 481,925 The following table presents gross unrealized losses and fair value of debt securities available-for-sale that do not have an associated allowance for credit losses as of March 31, 2023, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position: Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total March 31, 2023 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ — $ — $ (12,804) $ 157,020 $ (12,804) $ 157,020 U.S. government agency (829) 22,107 (2,584) 31,591 (3,413) 53,698 Municipal (475) 37,739 (25,604) 188,362 (26,079) 226,101 Mortgage-backed: Agency residential (1,301) 48,400 (15,252) 148,449 (16,553) 196,849 Agency commercial (794) 22,044 (14,396) 112,275 (15,190) 134,319 Corporate (1,426) 41,224 (2,516) 15,449 (3,942) 56,673 Total available-for-sale $ (4,825) $ 171,514 $ (73,156) $ 653,146 $ (77,981) $ 824,660 The following table presents 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 December 31, 2022: Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2022 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ (8,401) $ 92,445 $ (6,944) $ 62,070 $ (15,345) $ 154,515 U.S. government agency (2,980) 47,370 (1,154) 7,787 (4,134) 55,157 Municipal (10,906) 149,261 (21,283) 87,794 (32,189) 237,055 Mortgage-backed: Agency residential (8,332) 127,288 (9,908) 65,692 (18,240) 192,980 Agency commercial (4,764) 62,672 (12,408) 70,216 (17,172) 132,888 Corporate (2,594) 52,190 (1,364) 5,600 (3,958) 57,790 Total available-for-sale (37,977) 531,226 (53,061) 299,159 (91,038) 830,385 Held-to-maturity: U.S. government agency (1,754) 15,751 (7,974) 62,945 (9,728) 78,696 Municipal (314) 23,433 — — (314) 23,433 Mortgage-backed: Agency residential (4,039) 78,452 (2,431) 17,806 (6,470) 96,258 Agency commercial (16,716) 103,298 (29,766) 158,501 (46,482) 261,799 Total held-to-maturity (22,823) 220,934 (40,171) 239,252 (62,994) 460,186 Total debt securities $ (60,800) $ 752,160 $ (93,232) $ 538,411 $ (154,032) $ 1,290,571 As of March 31, 2023, there were 531 debt securities in an unrealized loss position for a period of twelve months or more, and 316 debt securities in an unrealized loss position for a period of less than twelve months. U.S. Treasury, U.S. government agency, and agency mortgage-backed securities are considered to have no risk of credit loss as they are either explicitly or implicitly guaranteed by the U.S. government. The changes in fair value in these portfolios are considered to be primarily driven by changes in market interest rates and other non-credit risks, such as prepayment and liquidity risks. Municipal securities include approximately 81% general obligation bonds as of March 31, 2023, which have a very low historical default rate due to issuers generally having taxing authority to service the debt. The remainder of the municipal securities are also of high credit quality with ratings of A+/A1 or better. The Company evaluates credit risk through monitoring credit ratings and reviews of available financial data. The changes in fair value in these portfolios are considered to be primarily driven by changes in market interest rates and other non-credit risks, such as call and liquidity risks. The estimated allowance for credit losses for the municipal debt securities held-to-maturity was deemed insignificant. Corporate securities include investment grade corporate and bank subordinated debt securities. The Company evaluates credit risk through monitoring credit ratings, reviews of available financial data, and sector trends. For one bank subordinated debt security, a $0.6 million allowance for credit losses was established during the three months ended March 31, 2023, reflecting heightened potential credit risk following the recent failures of other banks. For the other corporate securities, the changes in fair value in these portfolios are considered to be primarily driven by changes in market interest rates and other non-credit risks, such as call and liquidity risks. As of March 31, 2023, the Company does not intend to sell the debt securities that are in an unrealized or unrecognized loss position, and it is more likely than not that the Company will recover the amortized cost prior to being required to sell the debt securities. Accrued interest on debt securities totaled $6.3 million as of March 31, 2023 and is excluded from the estimate of credit losses. Sales of debt securities were as follows during the three months ended March 31: Three Months Ended March 31, 2023 2022 (dollars in thousands) Proceeds from sales $ 145,844 $ — Gross realized gains — — Gross realized losses (1,007) — Equity Securities Equity securities with readily determinable fair values are measured at fair value with changes in fair value recognized in unrealized gains (losses) on equity 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 March 31, 2023 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,283 Cumulative net unrealized gains (losses) 3 (303) Carrying value $ 3,145 $ 1,980 Readily No Readily Determinable Determinable December 31, 2022 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,142 Cumulative net unrealized gains (losses) (113) (165) Carrying value $ 3,029 $ 1,977 As of March 31, 2023, the cumulative net unrealized losses on equity securities with no readily determinable fair value reflect impairments of $0.1 million and downward adjustments based on observable price changes of an identical investment of $0.2 million. As of December 31, 2022, 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 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 months ended March 31, 2023 and 2022. Unrealized gains (losses) on equity securities were as follows during the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 (dollars in thousands) Readily determinable fair value $ 116 $ (187) No readily determinable fair value (138) — Unrealized gains (losses) on equity securities $ (22) $ (187)

LOANS AND RELATED ALLOWANCE FOR

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	Mar. 31, 2023
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	NOTE 4 – LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES Major categories of loans are summarized as follows: March 31, 2023 December 31, 2022 (dollars in thousands) Commercial and industrial $ 333,013 $ 266,757 Commercial real estate - owner occupied 317,103 218,503 Commercial real estate - non-owner occupied 854,024 713,202 Construction and land development 389,142 360,824 Multi-family 362,672 287,865 One-to-four family residential 482,732 338,253 Agricultural and farmland 243,357 237,746 Municipal, consumer, and other 213,497 197,103 Loans, before allowance for credit losses 3,195,540 2,620,253 Allowance for credit losses (38,776) (25,333) Loans, net of allowance for credit losses $ 3,156,764 $ 2,594,920 As of March 31, 2023 and December 31, 2022, commercial and industrial loans include $25 thousand and $28 thousand Paycheck Protection Program (“PPP”) loans, respectively. Allowance for Credit Losses Management estimates the allowance for credit losses using relevant available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The discounted cash flow method is used to estimate expected credit losses for all loan categories, except for the consumer loans where the weighted average remaining maturity method is utilized. At March 31, 2023, the economic forecasts used by management anticipates a mild recession starting in the second half of 2023, with the unemployment rate increasing and GDP growth slowing and then shrinking over the next 4 quarters considered in the forecast period. After the forecast period, the Company reverts to long-term averages over a 4-quarter reversion period. Additionally, management may make qualitative adjustments to the loss estimates as necessary to reflect other factors that may influence affect credit losses. The following tables detail activity in the allowance for credit losses for the three months ended March 31: Three Months Ended March 31, 2023 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total (dollars in thousands) Beginning balance $ 3,279 $ 1,193 $ 6,721 $ 4,223 $ 1,472 $ 1,759 $ 796 $ 5,890 $ 25,333 Adoption of ASC 326 (822) 587 501 1,969 85 797 1,567 2,299 6,983 PCD allowance established in acquisition 69 127 239 240 68 492 5 7 1,247 Provision for credit losses 387 619 305 1,139 526 1,081 305 739 5,101 Charge-offs — (3) — — — (22) — (117) (142) Recoveries 19 12 74 3 — 58 1 87 254 Ending balance $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 Three Months Ended March 31, 2022 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total (dollars in thousands) Beginning balance $ 2,440 $ 1,840 $ 8,145 $ 4,914 $ 1,263 $ 1,311 $ 845 $ 3,178 $ 23,936 Provision for loan losses (653) (429) (1,396) (421) 91 120 (3) 2,107 (584) Charge-offs (5) — — — — (2) — (127) (134) Recoveries 709 100 265 — — 154 — 62 1,290 Ending balance $ 2,491 $ 1,511 $ 7,014 $ 4,493 $ 1,354 $ 1,583 $ 842 $ 5,220 $ 24,508 Gross charge-offs, further sorted by origination year, were as follows during the three months ended March 31, 2023: Gross Charge-Offs for the Three Months Ended March 31, 2023 Revolving Loans Term Loans by Origination Year Revolving Converted 2023 2022 2021 2020 2019 Prior Loans to Term Total (dollars in thousands) Commercial and industrial $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied — 3 — — — — — — 3 Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — 1 21 — — 22 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 35 53 — 9 — — 20 — 117 Total $ 35 $ 56 $ — $ 9 $ 1 $ 21 $ 20 $ — $ 142 The following tables present loans and the related allowance for credit losses by category: Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and March 31, 2023 Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 332,878 $ 316,652 $ 827,220 $ 388,904 $ 361,636 $ 477,893 $ 243,357 $ 196,739 $ 3,145,279 Individually evaluated for impairment 135 451 26,804 238 1,036 4,839 — 16,758 50,261 Total $ 333,013 $ 317,103 $ 854,024 $ 389,142 $ 362,672 $ 482,732 $ 243,357 $ 213,497 $ 3,195,540 Allowance for credit losses: Collectively evaluated for impairment $ 2,932 $ 2,524 $ 5,747 $ 7,574 $ 2,151 $ 3,718 $ 2,674 $ 5,333 $ 32,653 Individually evaluated for impairment — 11 2,093 — — 447 — 3,572 6,123 Total $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and December 31, 2022 Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 261,833 $ 203,558 $ 671,663 $ 359,892 $ 287,298 $ 325,621 $ 233,118 $ 184,579 $ 2,527,562 Individually evaluated for impairment 4,818 11,366 30,509 82 — 8,399 4,033 12,508 71,715 Acquired with deteriorated credit quality 106 3,579 11,030 850 567 4,233 595 16 20,976 Total $ 266,757 $ 218,503 $ 713,202 $ 360,824 $ 287,865 $ 338,253 $ 237,746 $ 197,103 $ 2,620,253 Allowance for loan losses: Collectively evaluated for impairment $ 3,121 $ 1,008 $ 4,332 $ 4,221 $ 1,470 $ 1,709 $ 796 $ 2,327 $ 18,984 Individually evaluated for impairment 158 168 2,388 — — 44 — 3,562 6,320 Acquired with deteriorated credit quality — 17 1 2 2 6 — 1 29 Total $ 3,279 $ 1,193 $ 6,721 $ 4,223 $ 1,472 $ 1,759 $ 796 $ 5,890 $ 25,333 The following table presents collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans: Amortized Cost Allowance Primary Collateral Type for Credit March 31, 2023 Real Estate Vehicles Other Total Losses (dollars in thousands) Commercial and industrial $ — $ — $ 135 $ 135 $ — Commercial real estate - owner occupied 451 — — 451 11 Commercial real estate - non-owner occupied 26,804 — — 26,804 2,093 Construction and land development 238 — — 238 — Multi-family 1,036 — — 1,036 — One-to-four family residential 4,839 — — 4,839 447 Agricultural and farmland — — — — — Municipal, consumer, and other 16,671 52 35 16,758 3,572 Total $ 50,039 $ 52 $ 170 $ 50,261 $ 6,123 Accrued interest on loans totaled $13.8 million as of March 31, 2023 and is excluded from the estimate of credit losses. Pre-ASC 326 Adoption Impaired Loan Disclosures The following table presents loans individually evaluated for impairment by category of loans: Unpaid Principal Recorded Related December 31, 2022 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 268 $ 254 $ 158 Commercial real estate - owner occupied 635 610 168 Commercial real estate - non-owner occupied 14,269 14,261 2,388 Construction and land development — — — Multi-family — — — One-to-four family residential 569 524 44 Agricultural and farmland — — — Municipal, consumer, and other 8,152 8,131 3,562 Total $ 23,893 $ 23,780 $ 6,320 With no related allowance: Commercial and industrial $ 4,564 $ 4,564 $ — Commercial real estate - owner occupied 10,912 10,756 — Commercial real estate - non-owner occupied 16,327 16,248 — Construction and land development 92 82 — Multi-family — — — One-to-four family residential 9,181 7,875 — Agricultural and farmland 4,440 4,033 — Municipal, consumer, and other 4,410 4,377 — Total $ 49,926 $ 47,935 $ — Total loans individually evaluated for impairment: Commercial and industrial $ 4,832 $ 4,818 $ 158 Commercial real estate - owner occupied 11,547 11,366 168 Commercial real estate - non-owner occupied 30,596 30,509 2,388 Construction and land development 92 82 — Multi-family — — — One-to-four family residential 9,750 8,399 44 Agricultural and farmland 4,440 4,033 — Municipal, consumer, and other 12,562 12,508 3,562 Total $ 73,819 $ 71,715 $ 6,320 The following table presents the average recorded investment and interest income recognized for loans individually evaluated for impairment by category of loans: Three Months Ended March 31, 2022 Average Interest Recorded Income Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 292 $ 4 Commercial real estate - owner occupied 2,425 33 Commercial real estate - non-owner occupied 14,854 186 Construction and land development — — Multi-family — — One-to-four family residential 647 5 Agricultural and farmland — — Municipal, consumer, and other 8,509 39 Total $ 26,727 $ 267 With no related allowance: Commercial and industrial $ 19,498 $ 200 Commercial real estate - owner occupied 11,028 106 Commercial real estate - non-owner occupied 15,495 198 Construction and land development 2,016 22 Multi-family — — One-to-four family residential 8,728 57 Agricultural and farmland 236 — Municipal, consumer, and other 4,544 21 Total $ 61,545 $ 604 Total loans individually evaluated for impairment: Commercial and industrial $ 19,790 $ 204 Commercial real estate - owner occupied 13,453 139 Commercial real estate - non-owner occupied 30,349 384 Construction and land development 2,016 22 Multi-family — — One-to-four family residential 9,375 62 Agricultural and farmland 236 — Municipal, consumer, and other 13,053 60 Total $ 88,272 $ 871 Changes in the accretable yield for loans acquired with deteriorated credit quality were as follows: Three Months Ended March 31, 2022 (dollars in thousands) Beginning balance $ 413 Reclassification from non-accretable difference 117 Accretion income (46) Ending balance $ 484 Past Due and Nonaccrual Status Past due status is based on the contractual terms of the loan. Typically, loans are placed on nonaccrual when they reach 90 days past due, or when, in management’s opinion, there is reasonable doubt regarding the collection of the amounts due through the normal means of the borrower. Interest accrued and unpaid at the time a loan is placed on nonaccrual status is reversed from interest income. Interest payments received on nonaccrual loans are recognized in accordance with our significant accounting policies. Once a loan is placed on nonaccrual status, the borrower must generally demonstrate at least six months of payment performance and we must believe that all remaining principal and interest is fully collectible, before the loan is eligible to return to accrual status. The following tables present loans by category based on current payment and accrual status: Accruing Interest 30 - 89 Days 90+ Days Total March 31, 2023 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 332,741 $ 137 $ — $ 135 $ 333,013 Commercial real estate - owner occupied 316,651 — — 452 317,103 Commercial real estate - non-owner occupied 853,634 — — 390 854,024 Construction and land development 388,777 127 — 238 389,142 Multi-family 361,636 — — 1,036 362,672 One-to-four family residential 475,504 3,059 — 4,169 482,732 Agricultural and farmland 243,357 — — — 243,357 Municipal, consumer, and other 213,251 148 10 88 213,497 Total $ 3,185,551 $ 3,471 $ 10 $ 6,508 $ 3,195,540 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2022 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 266,521 $ 17 $ — $ 219 $ 266,757 Commercial real estate - owner occupied 218,242 187 — 74 218,503 Commercial real estate - non-owner occupied 713,031 — — 171 713,202 Construction and land development 360,763 61 — — 360,824 Multi-family 287,854 11 — — 287,865 One-to-four family residential 335,576 894 145 1,638 338,253 Agricultural and farmland 237,727 19 — — 237,746 Municipal, consumer, and other 196,892 157 1 53 197,103 Total $ 2,616,606 $ 1,346 $ 146 $ 2,155 $ 2,620,253 The following table presents nonaccrual loans with and without a related allowance for credit losses: Nonaccrual Nonaccrual With With No Allowance for Allowance for Total March 31, 2023 Credit Losses Credit Losses Nonaccrual (dollars in thousands) Commercial and industrial $ — $ 135 $ 135 Commercial real estate - owner occupied 75 377 452 Commercial real estate - non-owner occupied 219 171 390 Construction and land development — 238 238 Multi-family — 1,036 1,036 One-to-four family residential 386 3,783 4,169 Agricultural and farmland — — — Municipal, consumer, and other 52 36 88 Total $ 732 $ 5,776 $ 6,508 Credit Quality Indicators The Company assigns a risk rating to all loans and periodically performs detailed internal reviews of all such loans that are part of relationships with over $750,000 in total exposure to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to review by the Company’s regulators, external loan review, and internal loan review. During the internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate and the fair values of collateral securing the loans. The risk rating is reviewed annually, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. These credit quality indicators are used to assign a risk rating to each individual loan. Risk ratings are grouped into four major categories, defined as follows: Pass Pass-Watch Substandard Doubtful The following tables present loans by category based on their assigned risk ratings determined by management: March 31, 2023 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 315,892 $ 4,793 $ 12,328 $ — $ 333,013 Commercial real estate - owner occupied 289,875 16,520 10,708 — 317,103 Commercial real estate - non-owner occupied 788,300 29,253 36,471 — 854,024 Construction and land development 387,057 1,759 326 — 389,142 Multi-family 358,538 3,098 1,036 — 362,672 One-to-four family residential 464,444 7,544 10,744 — 482,732 Agricultural and farmland 231,171 8,000 4,186 — 243,357 Municipal, consumer, and other 195,514 1,080 16,903 — 213,497 Total $ 3,030,791 $ 72,047 $ 92,702 $ — $ 3,195,540 December 31, 2022 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 255,309 $ 6,630 $ 4,818 $ — $ 266,757 Commercial real estate - owner occupied 198,546 10,105 9,852 — 218,503 Commercial real estate - non-owner occupied 652,691 27,282 33,229 — 713,202 Construction and land development 358,215 2,527 82 — 360,824 Multi-family 283,682 4,183 — — 287,865 One-to-four family residential 323,632 5,907 8,714 — 338,253 Agricultural and farmland 223,114 10,004 4,628 — 237,746 Municipal, consumer, and other 184,299 296 12,508 — 197,103 Total $ 2,479,488 $ 66,934 $ 73,831 $ — $ 2,620,253 Risk ratings of loans, further sorted by origination year, are as follows as of March 31, 2023: Revolving Loans Term Loans by Origination Year Revolving Converted (dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Commercial and industrial Pass $ 9,832 $ 65,070 $ 30,388 $ 34,196 $ 8,452 $ 15,757 $ 150,357 $ 1,840 $ 315,892 Pass-Watch 123 523 288 366 861 218 1,807 607 4,793 Substandard 12 107 — 50 — 54 7,522 4,583 12,328 Total $ 9,967 $ 65,700 $ 30,676 $ 34,612 $ 9,313 $ 16,029 $ 159,686 $ 7,030 $ 333,013 Commercial real estate - owner occupied Pass $ 8,384 $ 66,985 $ 63,754 $ 61,743 $ 35,222 $ 39,497 $ 14,290 $ — $ 289,875 Pass-Watch 684 2,401 2,804 373 5,089 2,795 2,374 — 16,520 Substandard — 1,841 3,483 270 — 3,620 1,494 — 10,708 Total $ 9,068 $ 71,227 $ 70,041 $ 62,386 $ 40,311 $ 45,912 $ 18,158 $ — $ 317,103 Commercial real estate - non-owner occupied Pass $ 29,617 $ 225,057 $ 268,322 $ 105,503 $ 92,546 $ 53,639 $ 9,772 $ 3,844 $ 788,300 Pass-Watch 289 1,186 6,823 155 2,872 4,396 13,532 — 29,253 Substandard 12,429 128 — 248 9,511 13,984 — 171 36,471 Total $ 42,335 $ 226,371 $ 275,145 $ 105,906 $ 104,929 $ 72,019 $ 23,304 $ 4,015 $ 854,024 Construction and land development Pass $ 28,833 $ 250,925 $ 73,087 $ 5,311 $ 3,159 $ 1,872 $ 23,359 $ 511 $ 387,057 Pass-Watch — — — — — 312 1,447 — 1,759 Substandard — — — — — 318 8 — 326 Total $ 28,833 $ 250,925 $ 73,087 $ 5,311 $ 3,159 $ 2,502 $ 24,814 $ 511 $ 389,142 Multi-family Pass $ 26,271 $ 76,239 $ 111,750 $ 73,568 $ 32,623 $ 31,406 $ 6,435 $ 246 $ 358,538 Pass-Watch — 867 317 — 62 1,843 — 9 3,098 Substandard — — — — 556 480 — — 1,036 Total $ 26,271 $ 77,106 $ 112,067 $ 73,568 $ 33,241 $ 33,729 $ 6,435 $ 255 $ 362,672 One-to-four family residential Pass $ 40,422 $ 92,760 $ 96,041 $ 73,385 $ 26,003 $ 71,976 $ 59,510 $ 4,347 $ 464,444 Pass-Watch 103 802 573 487 894 4,204 224 257 7,544 Substandard 75 2,447 697 815 474 3,169 36 3,031 10,744 Total $ 40,600 $ 96,009 $ 97,311 $ 74,687 $ 27,371 $ 79,349 $ 59,770 $ 7,635 $ 482,732 Agricultural and farmland Pass $ 12,841 $ 41,470 $ 39,924 $ 41,320 $ 9,494 $ 10,545 $ 66,379 $ 9,198 $ 231,171 Pass-Watch 2,307 2,371 97 1,062 211 382 1,570 — 8,000 Substandard — — 17 3,312 265 592 — — 4,186 Total $ 15,148 $ 43,841 $ 40,038 $ 45,694 $ 9,970 $ 11,519 $ 67,949 $ 9,198 $ 243,357 Municipal, Consumer, and other Pass $ 9,428 $ 71,121 $ 34,055 $ 15,304 $ 5,335 $ 45,153 $ 15,116 $ 2 $ 195,514 Pass-Watch — 112 27 21 — 920 — — 1,080 Substandard 14 114 9 — 51 16,711 4 — 16,903 Total $ 9,442 $ 71,347 $ 34,091 $ 15,325 $ 5,386 $ 62,784 $ 15,120 $ 2 $ 213,497 Total by Risk Rating Pass $ 165,628 $ 889,627 $ 717,321 $ 410,330 $ 212,834 $ 269,845 $ 345,218 $ 19,988 $ 3,030,791 Pass-Watch 3,506 8,262 10,929 2,464 9,989 15,070 20,954 873 72,047 Substandard 12,530 4,637 4,206 4,695 10,857 38,928 9,064 7,785 92,702 Total $ 181,664 $ 902,526 $ 732,456 $ 417,489 $ 233,680 $ 323,843 $ 375,236 $ 28,646 $ 3,195,540 Modifications and Troubled Debt Restructurings There were no loan modifications to borrowers in financial distress during the three months ended March 31, 2023. There were no new troubled debt restructurings during the three months ended March 31, 2022. As of December 31, 2022, the Company had $3.0 million of troubled debt restructurings. Pledged Loans As of March 31, 2023 and December 31, 2022, the Company pledged loans totaling $996.3 million and $892.1 million, respectively, to the Federal Home Loan Bank of Chicago (“FHLB”) to secure available FHLB advance borrowing capacity.

LOAN SERVICING

LOAN SERVICING	3 Months Ended
LOAN SERVICING	Mar. 31, 2023
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 $1.76 billion and $955.8 million as of March 31, 2023 and December 31, 2022, respectively. Activity in mortgage servicing rights is as follows: Three Months Ended March 31, 2023 2022 (dollars in thousands) Beginning balance $ 10,147 $ 7,994 Acquired 10,469 — Capitalized servicing rights 129 171 Fair value adjustment: Attributable to payments and principal reductions (431) (307) Attributable to changes in valuation inputs and assumptions (322) 1,865 Total fair value adjustment (753) 1,558 Ending balance $ 19,992 $ 9,723

FORECLOSED ASSETS

FORECLOSED ASSETS	3 Months Ended
FORECLOSED ASSETS	Mar. 31, 2023
FORECLOSED ASSETS
FORECLOSED ASSETS	NOTE 6 – FORECLOSED ASSETS Foreclosed assets activity is as follows: Three Months Ended March 31, 2023 2022 (dollars in thousands) Beginning balance $ 3,030 $ 3,278 Acquired 271 — Transfers from loans 105 19 Proceeds from sales (40) (294) Net gain on sales 20 105 Direct write-downs (30) (65) Ending balance $ 3,356 $ 3,043 Gains (losses) on foreclosed assets includes the following: Three Months Ended March 31, 2023 2022 (dollars in thousands) Direct write-downs $ (30) $ (65) Net gain on sales 20 105 Gains (losses) on foreclosed assets $ (10) $ 40 The carrying value of foreclosed one-to-four family residential real estate properties held was $0.3 million and $20 thousand as of March 31, 2023 and December 31, 2022, respectively. As of March 31, 2023, there were 14 one-to-four family residential real estate loans in the process of foreclosure totaling $1.1 million. As of December 31, 2022, there were 4 one-to-four family residential real estate loans in the process of foreclosure totaling $0.2 million.

DEPOSITS

DEPOSITS	3 Months Ended
DEPOSITS	Mar. 31, 2023
DEPOSITS
DEPOSITS	NOTE 7 – DEPOSITS The Company’s deposits are summarized below: March 31, 2023 December 31, 2022 (dollars in thousands) Noninterest-bearing deposits $ 1,218,888 $ 994,954 Interest-bearing deposits: Interest-bearing demand 1,270,454 1,139,150 Money market 662,088 555,425 Savings 738,719 634,527 Time 420,372 262,968 Total interest-bearing deposits 3,091,633 2,592,070 Total deposits $ 4,310,521 $ 3,587,024 There were no brokered deposits as of March 31, 2023 and December 31, 2022. Interest-bearing demand deposits included $40.4 million of reciprocal transaction deposits as of March 31, 2023. Money market deposits included $10.1 million and $1.7 million of reciprocal transaction deposits as of March 31, 2023 and December 31, 2022, respectively. Time deposits included $45.5 million and $1.6 million of reciprocal time deposits as of March 31, 2023, and December 31, 2022, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $59.8 million and $27.2 million as of March 31, 2023 and December 31, 2022, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $202.3 million and $92.6 million as of March 31, 2023 and December 31, 2022, respectively. The components of interest expense on deposits are as follows: Three Months Ended March 31, 2023 2022 (dollars in thousands) Interest-bearing demand $ 458 $ 142 Money market 935 121 Savings 178 50 Time 803 256 Total interest expense on deposits $ 2,374 $ 569

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	3 Months Ended
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	Mar. 31, 2023
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	NOTE 8 – JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS Eight subsidiary business trusts of the Company have issued floating rate capital securities (“capital securities”) which are guaranteed by the Company. Three of these (Town and Country Statutory Trust II, Town and Country Statutory Trust III, and West Plains Investors Statutory Trust I “WPI Statutory Trust I”) were acquired by the Company as part of its acquisition of Town and Country. The Company owns all of the outstanding stock of the subsidiary business trusts. The trusts used the proceeds from the issuance of their capital securities to buy floating rate junior subordinated deferrable interest debentures (“junior subordinated debentures”) issued by the Company. These junior subordinated debentures are the only assets of the trusts and the interest payments from the junior subordinated debentures finance the distributions paid on the capital securities. The junior subordinated debentures are unsecured and rank junior and subordinate in the right of payment to all senior debt of the Company. In accordance with GAAP, the trusts are not consolidated in the Company’s financial statements. The face values and carrying values of the junior subordinated debentures are summarized as follows: Carrying Value Face Value March 31, 2023 December 31, 2022 (dollars in thousands) Heartland Bancorp, Inc. Capital Trust B $ 10,310 $ 10,310 $ 10,310 Heartland Bancorp, Inc. Capital Trust C 10,310 10,310 10,310 Heartland Bancorp, Inc. Capital Trust D 5,155 5,155 5,155 FFBI Capital Trust I 7,217 7,217 7,217 National Bancorp Statutory Trust I 5,773 4,804 4,788 Town and Country Statutory Trust II 4,124 4,426 — Town and Country Statutory Trust III 7,732 7,568 — WPI Statutory Trust I 3,093 2,956 — Total $ 53,714 $ 52,746 $ 37,780 The interest rates on the junior subordinated debentures are variable, reset quarterly, and are equal to the three-month LIBOR, as determined on the LIBOR Determination Date immediately preceding the Distribution Payment Date specific to each junior subordinated debenture, plus a fixed percentage. The interest rates and maturities of the junior subordinated debentures are summarized as follows: Interest Rate at Variable March 31, December 31, Maturity Interest Rate 2023 2022 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 7.58 % 6.83 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 6.40 6.30 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 6.22 6.12 September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 7.63 6.88 April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 7.77 7.67 December 15, 2037 Town and Country Statutory Trust II LIBOR plus 2.79 7.70 N/A March 17, 2034 Town and Country Statutory Trust III LIBOR plus 1.68 6.55 N/A March 22, 2037 WPI Statutory Trust I LIBOR plus 1.45 6.32 N/A June 15, 2037 The distribution rate payable on the debentures is cumulative and payable quarterly in arrears. The Company has the right, subject to events of default, to defer payments of interest on the junior subordinated debentures at any time by extending the interest payment period for a period not exceeding 20 quarterly periods with respect to each deferral period, provided that no extension period may extend beyond the redemption or maturity date of the junior subordinated debentures. The capital securities are subject to mandatory redemption upon payment of the junior subordinated debentures and carry an interest rate identical to that of the related debenture. The junior subordinated debentures maturity dates may be shortened if certain conditions are met, or at any time within 90 days following the occurrence and continuation of certain changes in either tax treatment or the capital treatment of the junior subordinated debentures or the capital securities. If the junior subordinated debentures are redeemed before they mature, the redemption price will be the principal amount plus any accrued but unpaid interest. The Company has the right to terminate each Capital Trust and cause the junior subordinated debentures to be distributed to the holders of the capital securities in liquidation of such trusts. Under current banking regulations, bank holding companies are allowed to include qualifying trust preferred securities in their Tier 1 Capital for regulatory capital purposes, subject to a 25% limitation to all core (Tier 1) capital elements, net of goodwill and other intangible assets less any associated deferred tax liability. As of March 31, 2023 and 2022, 100% of the trust preferred securities qualified as Tier 1 capital under the final rule adopted in March 2005.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Mar. 31, 2023
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 9 – 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: March 31, 2023 December 31, 2022 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets $ 17,000 $ 495 $ 17,000 $ 629 As of March 31, 2023, the interest rate swap agreements designated as cash flow hedges had contractual maturities between 2024 and 2025. As of March 31, 2023 and December 31, 2022, counterparties had cash pledged and held on deposit by the Company of $0.6 million and $0.6 million, respectively. 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 (loss) Three Months Ended March 31, 2023 2022 Designated as cash flow hedges: (dollars in thousands) Junior subordinated debentures interest expense $ 94 $ (96) 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: March 31, 2023 December 31, 2022 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 $ — $ — $ — $ — Interest rate swaps with a financial institution counterparty 119,605 7,089 106,995 6,981 Total fair value recorded in other assets $ 119,605 $ 7,089 $ 106,995 $ 6,981 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 119,605 $ (7,089) $ 106,995 $ (6,981) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 119,605 $ (7,089) $ 106,995 $ (6,981) As of March 31, 2023, the interest rate swap agreements not designated as hedging instruments had contractual maturities between 2023 and 2042. 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 March 31, 2023 2022 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 2,737 $ 5,413 Gross losses (2,737) (5,413) Net gains (losses) $ — $ —

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Mar. 31, 2023
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 10 – 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 March 31, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications 11,443 — (40) 11,403 Reclassifications 1,607 490 (94) 2,003 Other comprehensive income (loss), before tax 13,050 490 (134) 13,406 Income tax expense (benefit) 3,720 140 (38) 3,822 Other comprehensive income (loss), after tax 9,330 350 (96) 9,584 Balance, March 31, 2023 $ (52,668) $ (9,596) $ 89 $ (62,175) Three Months Ended March 31, 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 loss before reclassifications (53,422) — 594 (52,828) Reclassifications — 181 96 277 Other comprehensive income (loss), before tax (53,422) 181 690 (52,551) Income tax expense (15,228) 51 197 (14,980) Other comprehensive income (loss), after tax (38,194) 130 493 (37,571) Balance, March 31, 2022 $ (24,794) $ (11,048) $ (258) $ (36,100) Reclassifications from accumulated other comprehensive income (loss) for unrealized gains (losses) on debt securities available-for-sale are included in either gains (losses) on sales of securities or provision for credit losses 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 9 for additional information.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2023
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 11 – 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 March 31, 2023 2022 (dollars in thousands) Numerator: Net income $ 9,208 $ 13,604 Earnings allocated to participating securities (5) (17) Numerator for earnings per share - basic and diluted $ 9,203 $ 13,587 Denominator: Weighted average common shares outstanding 30,977,204 28,986,593 Dilutive effect of outstanding restricted stock units 69,947 43,646 Weighted average common shares outstanding, including all dilutive potential shares 31,047,151 29,030,239 Earnings per share - Basic $ 0.30 $ 0.47 Earnings per share - Diluted $ 0.30 $ 0.47

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	3 Months Ended
STOCK-BASED COMPENSATION PLANS	Mar. 31, 2023
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS	NOTE 12 – 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 March 31, 2023 2022 (dollars in thousands) Restricted stock units $ 277 $ 608 Performance restricted stock units 240 293 Total awards classified as equity 517 901 Stock appreciation rights 1 (23) Total stock-based compensation expense $ 518 $ 878 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 three months ended March 31, 2023 and 2022, the total grant date fair value of the restricted stock units granted was $1.0 million and $0.9 million, respectively, based on the grant date closing prices. The total intrinsic value of restricted stock that vested during the three months ended March 31, 2023 and 2022 was $1.1 million and $0.7 million, respectively. The following is a summary of restricted stock unit activity: Three Months Ended March 31, 2023 2022 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 139,986 $ 18.01 109,244 $ 17.27 Granted 41,847 22.72 46,312 19.11 Vested (51,693) 17.91 (34,925) 17.26 Forfeited (718) 16.58 — — Ending balance 129,422 $ 19.58 120,631 $ 17.98 As of March 31, 2023, unrecognized compensation cost related to the non-vested restricted stock units was $1.9 million. This cost is expected to be recognized over the weighted average remaining service period of 2.0 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 three months ended March 31, 2023 and 2022, the total fair value of the performance restricted stock units granted was $0.4 million and $0.5 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 March 31, 2023 2022 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 38,344 $ 15.72 Granted 17,030 22.72 23,723 19.14 Vested — — — — Forfeited — — — — Ending balance 79,097 $ 18.25 62,067 $ 17.02 As of March 31, 2023, unrecognized compensation cost related to non-vested performance restricted stock units was $0.6 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 The following is a summary of stock appreciation rights activity: Three Months Ended March 31, 2023 2022 Stock Appreciation Rights Weighted Average Grant Date Assigned Value Stock Appreciation Rights Weighted Average Grant Date Assigned Value Beginning balance 73,440 $ 16.32 97,920 $ 16.32 Granted — — — — Exercised — — (6,120) 16.32 Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 91,800 $ 16.32 A further summary of stock appreciation rights as of March 31, 2023, is as follows: Weighted Average Stock Appreciation Rights Remaining Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 73,440 67,320 6.4 years As of March 31, 2023, unrecognized compensation cost related to non-vested stock appreciation rights was $17 thousand. As of March 31, 2023 and December 31, 2022, 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. March 31, 2023 December 31, 2022 Risk-free interest rate 3.57 % 3.95 % Expected volatility 37.14 % 36.54 % Expected life (in years) 6.4 6.7 Expected dividend yield 3.45 % 3.27 % As of March 31, 2023, the liability recorded for previously exercised stock appreciation rights was $0.2 million, which will be paid in one remaining annual installment in 2024. As of December 31, 2022, the liability recorded for previously exercised stock appreciation rights was $0.5 million.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
REGULATORY MATTERS	Mar. 31, 2023
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 13 – 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 March 31, 2023 and December 31, 2022, the capital conservation buffer was 2.5% of risk-weighted assets. As of March 31, 2023, 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 March 31, 2023 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 565,048 15.11 % $ 299,236 8.00 % N/A N/A Heartland Bank and Trust Company 560,249 15.00 298,729 8.00 $ 373,411 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 492,111 13.16 % $ 224,427 6.00 % N/A N/A Heartland Bank and Trust Company 526,727 14.11 224,047 6.00 $ 298,729 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 440,979 11.79 % $ 168,320 4.50 % N/A N/A Heartland Bank and Trust Company 526,727 14.11 168,035 4.50 $ 242,717 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 492,111 10.29 % $ 191,227 4.00 % N/A N/A Heartland Bank and Trust Company 526,727 11.03 190,973 4.00 $ 238,716 5.00 % Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions December 31, 2022 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 516,556 16.27 % $ 254,052 8.00 % N/A N/A Heartland Bank and Trust Company 489,316 15.43 253,643 8.00 $ 317,054 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 451,828 14.23 % $ 190,539 6.00 % N/A N/A Heartland Bank and Trust Company 463,983 14.63 190,233 6.00 $ 253,643 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 415,213 13.07 % $ 142,904 4.50 % N/A N/A Heartland Bank and Trust Company 463,983 14.63 142,674 4.50 $ 206,085 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 451,828 10.48 % $ 172,427 4.00 % N/A N/A Heartland Bank and Trust Company 463,983 10.78 172,240 4.00 $ 215,300 5.00 %

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Mar. 31, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 14 – 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, 2022, filed with the SEC on March 8, 2023. There were no transfers between levels during the three months ended March 31, 2023 and 2022. 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: March 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 157,020 $ — $ — $ 157,020 U.S. government agency — 53,698 — 53,698 Municipal — 248,884 — 248,884 Mortgage-backed: Agency residential — 201,976 — 201,976 Agency commercial — 135,009 — 135,009 Corporate — 58,035 — 58,035 Equity securities with readily determinable fair values 3,145 — — 3,145 Mortgage servicing rights — — 19,992 19,992 Derivative financial assets — 7,584 — 7,584 Derivative financial liabilities — 7,089 — 7,089 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 154,515 $ — $ — $ 154,515 U.S. government agency — 55,157 — 55,157 Municipal — 243,829 — 243,829 Mortgage-backed: Agency residential — 195,441 — 195,441 Agency commercial — 132,888 — 132,888 Corporate — 61,694 — 61,694 Equity securities with readily determinable fair values 3,029 — — 3,029 Mortgage servicing rights — — 10,147 10,147 Derivative financial assets — 7,610 — 7,610 Derivative financial liabilities — 6,981 — 6,981 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, 2022 to March 31, 2023. 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): March 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 19,992 Discounted cash flows Constant pre-payment rates (CPR) 6.5% to 59.7% (8.2%) Discount rate 9.0% to 11.5% (9.5%) December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 10,147 Discounted cash flows Constant pre-payment rates (CPR) 5.3% to 59.7% (8.2%) Discount rate 9.0% to 11.7% (9.3%) 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: March 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 5,130 $ — $ 5,130 Collateral-dependent loans — — 44,138 44,138 Bank premises held for sale — — 235 235 Foreclosed assets — — 3,356 3,356 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 615 $ — $ 615 Collateral-dependent loans — — 17,460 17,460 Bank premises held for sale — — 235 235 Foreclosed assets — — 3,030 3,030 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 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 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 Loans, Bank Premises Held for Sale, and Foreclosed Assets The estimated fair value of collateral-dependent 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 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): March 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 44,138 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 235 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,356 Appraisal Appraisal adjustments 7% (7%) December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 17,460 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 235 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,030 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 March 31, 2023 December 31, 2022 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 177,112 $ 177,112 $ 114,159 $ 114,159 Debt securities held-to-maturity Level 2 536,429 481,925 541,600 478,801 Restricted stock Level 3 4,991 4,991 7,965 7,965 Loans, net Level 3 3,156,764 3,105,661 2,594,920 2,566,930 Investments in unconsolidated subsidiaries Level 3 1,614 1,614 1,165 1,165 Accrued interest receivable Level 2 20,301 20,301 19,506 19,506 Financial liabilities: Time deposits Level 3 420,372 409,454 262,968 253,619 Securities sold under agreements to repurchase Level 2 34,919 34,919 43,081 43,081 Subordinated notes Level 3 39,415 36,863 39,395 37,205 Junior subordinated debentures Level 3 52,746 50,720 37,780 37,030 Accrued interest payable Level 2 1,402 1,402 1,363 1,363 The Company estimated the fair value of lending related commitments as described in Note 15 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	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 15 – 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 March 31, 2023 December 31, 2022 (dollars in thousands) Commitments to extend credit $ 838,714 $ 756,885 Standby letters of credit 19,146 17,785 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. Allowance for Credit Losses on Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The allowance for credit losses on unfunded commitments is included in other liabilities on the consolidated balance sheets and is adjusted through a charge to provision for credit loss expense on the consolidated statements of income. The allowance for credit losses on unfunded commitments estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The allowance for credit losses on unfunded commitments was $3.4 million as of March 31, 2023. 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. PLB Investments LLC, John Kuehner, and A.S. Palmer Investments LLC v. Heartland Bank and Trust Company and PNC Bank N.A., In the United States District Court for the Northern District of Illinois, Case No. 1:20-cv-1023 (“Class Action”); Melanie E. Damian, As Receiver of Today’s Growth Consultant, Inc. (dba The Income Store) v. Heartland Bank and Trust Company and PNC Bank N.A., In the United States District Court for the Northern District of Illinois, Case No. 1:20-cv-7819 (“Receiver’s Action”) The Bank was a defendant in the purported Class Action lawsuit that was filed on February 12, 2020, in the U.S. District Court for the Northern District of Illinois. The plaintiffs in the Class Action alleged that the Bank negligently enabled and facilitated a fraudulent, Ponzi-like scheme perpetrated by Today’s Growth Consultant, Inc. (dba The Income Store) (“TGC”). Additionally, the Receiver for TGC filed the Receiver’s Action on December 30, 2020, in the U.S. District Court for the Northern District of Illinois, with similar allegations. On February 20, 2023, the Bank reached an agreement in principle to settle both the Class Action and Receiver’s Action in which the Bank would make one-time cash payments totaling $13.0 million, without admitting fault, to release the Bank from further liability and claims in both the Class Action and Receiver’s Action. Pursuant to the agreement in principle, the parties would settle and dismiss the Class Action and Receiver’s Action and seek the entry of bar orders from the U.S. District Court for the Northern District of Illinois (the “Court”) prohibiting any continued or future claims against the Bank and its related parties relating to the Class Action and the Receiver’s Action, whether asserted to date or not. If definitive settlement agreements, including the bar orders described in the preceding sentence, are approved by the Court and are not subject to appeal, the Bank will make one-time cash payments totaling $13.0 million. The agreement in principle is subject to the execution and delivery of definitive settlement agreements reflecting the terms of the agreement in principle, notice to TGC’s investor claimants and final, non-appealable approvals by the Court. While the Bank believes that the proposed settlements are consistent with the terms of similar settlements that have been approved by other courts and were not successfully appealed, it is possible that the Court may decide not to approve the definitive settlement agreements or that the Seventh Circuit Court of Appeals may decide to accept an appeal thereof. The proposed settlements do not include any admission of liability or wrongdoing by the Bank, and the Bank expressly denies any liability or wrongdoing with respect to any matter alleged in the Class Action and Receiver’s Action. The Bank has agreed in principle to the settlements to avoid the cost, risks and distraction of continued litigation. The Company believes the proposed settlements are in the best interests of the Company and its shareholders. Accordingly, the Bank had a $13.0 million accrual related to these matters as of March 31, 2023 and December 31, 2022. The Bank’s insurer has agreed to reimburse $7.4 million of the settlement payment which was recorded as an insurance recovery receivable as of March 31, 2023 and December 31, 2022. The estimated net settlement amount of $5.6 million was included in other noninterest expense in the consolidated statements of income during the fourth quarter of 2022. 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. 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. 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. 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 in both the DeBaere and Miller cases; however, the Company believes an unfavorable outcome in each case 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, the Bank had in the aggregate a $2.6 million accrual related to these matters as of March 31, 2023 and December 31, 2022. The $2.6 million accrual was included in other noninterest expense in the consolidated statements of income during the fourth quarter of 2022. While the amount recorded reflects management’s best estimate as of March 31, 2023, the Company cannot yet offer an opinion on the estimated range of possible loss.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	3 Months Ended
ACCOUNTING POLICIES (Policies)	Mar. 31, 2023
ACCOUNTING POLICIES
Basis of Presentation	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 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, 2022, filed with the SEC on March 8, 2023. 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 $1.235 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 credit 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.
Impact of Recently Adopted Accounting Standards	Impact of Recently Adopted Accounting Standards On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after December 31, 2022 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net decrease to retained earnings of $6.9 million as of January 1, 2023 for the cumulative effect of adopting ASC 326. The following table illustrates the impact of ASC 326 on the allowance for credit losses: January 1, 2023 Pre-ASC 326 Impact of As Reported Adoption ASC 326 Adoption under ASC 326 (dollars in thousands) Assets: Allowance for credit losses on loans Commercial and industrial $ 3,279 $ (822) $ 2,457 Commercial real estate - owner occupied 1,193 587 1,780 Commercial real estate - non-owner occupied 6,721 501 7,222 Construction and land development 4,223 1,969 6,192 Multi-family 1,472 85 1,557 One-to-four family residential 1,759 797 2,556 Agricultural and farmland 796 1,567 2,363 Municipal, consumer, and other 5,890 2,299 8,189 Allowance for credit losses on loans $ 25,333 $ 6,983 $ 32,316 Liabilities: Allowance for credit losses on unfunded commitments $ — $ 2,899 $ 2,899 The Company also adopted ASC 326 using the prospective transition approach for purchase credit deteriorated (“PCD”) financial assets that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30. In accordance with ASC 326, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. On January 1, 2023, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $0.2 million to the allowance for credit losses. The remaining noncredit discount will be accreted into interest income at the effective interest rate as of January 1, 2023. On January 1, 2023, the Company also adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities 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,

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	3 Months Ended
ACCOUNTING POLICIES (Tables)	Mar. 31, 2023
ACCOUNTING POLICIES
Impact of ASC 326 on the allowance for credit losses	January 1, 2023 Pre-ASC 326 Impact of As Reported Adoption ASC 326 Adoption under ASC 326 (dollars in thousands) Assets: Allowance for credit losses on loans Commercial and industrial $ 3,279 $ (822) $ 2,457 Commercial real estate - owner occupied 1,193 587 1,780 Commercial real estate - non-owner occupied 6,721 501 7,222 Construction and land development 4,223 1,969 6,192 Multi-family 1,472 85 1,557 One-to-four family residential 1,759 797 2,556 Agricultural and farmland 796 1,567 2,363 Municipal, consumer, and other 5,890 2,299 8,189 Allowance for credit losses on loans $ 25,333 $ 6,983 $ 32,316 Liabilities: Allowance for credit losses on unfunded commitments $ — $ 2,899 $ 2,899

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
ACQUISITIONS (Tables)	Mar. 31, 2023
ACQUISITIONS
Schedule of expenses incurred related to the acquisition	Provision for credit losses $ 5,924 Salaries 3,518 Data processing 1,855 Marketing and customer relations 14 Legal fees and other noninterest expense 1,753 Total acquisition-related expenses $ 13,064
Schedule of recognized identified assets acquired and liabilities assumed	Fair Value Assets acquired: Cash and cash equivalents $ 23,542 Interest-bearing time deposits with banks 249 Debt securities 167,869 Equity securities 90 Restricted stock 2,822 Loans held for sale 1,612 Loans, before allowance for credit losses 635,376 Allowance for credit losses (1,247) Loans, net of allowance for credit losses 634,129 Bank owned life insurance 15,782 Bank premises and equipment 14,828 Foreclosed assets 271 Intangible assets 22,282 Mortgage servicing rights 10,469 Investments in unconsolidated subsidiaries 449 Accrued interest receivable 3,113 Other assets 8,061 Total assets acquired 905,568 Liabilities assumed: Deposits 720,417 FHLB advances 86,439 Junior subordinated debentures 14,949 Other liabilities 4,965 Total liabilities assumed 826,770 Net assets acquired $ 78,798 Consideration paid: Cash $ 37,996 Common stock 71,356 Total consideration paid $ 109,352 Goodwill $ 30,554
Schedule of the components of the purchase price of financing receivables purchased with credit deterioration	Unpaid principal balance $ 89,822 Allowance for credit losses at acquisition (1,247) Non-credit discount (2,218) Purchase price $ 86,357
Business acquisition, pro forma information	Pro Forma Three Months Ended March 31, (dollars in thousands, except per share data) 2023 2022 Total revenues (net interest income and noninterest income) $ 57,770 $ 54,512 Net income 10,015 17,577 Earnings per share - basic 0.31 0.57 Earnings per share - diluted 0.31 0.57

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
SECURITIES (Tables)	Mar. 31, 2023
SECURITIES
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses	March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,824 $ — $ (12,804) $ — $ 157,020 U.S. government agency 57,111 — (3,413) — 53,698 Municipal 274,849 114 (26,079) — 248,884 Mortgage-backed: Agency residential 218,509 20 (16,553) — 201,976 Agency commercial 150,195 4 (15,190) — 135,009 Corporate 62,616 — (3,981) (600) 58,035 Total available-for-sale $ 933,104 $ 138 $ (78,020) $ (600) $ 854,622 March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Held-to-maturity: (dollars in thousands) U.S. government agency $ 88,430 $ — $ (8,257) $ 80,173 $ — Municipal 41,121 426 (128) 41,419 — Mortgage-backed: Agency residential 100,500 — (5,275) 95,225 — Agency commercial 306,378 — (41,270) 265,108 — Total held-to-maturity $ 536,429 $ 426 $ (54,930) $ 481,925 $ — December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,860 $ — $ (15,345) $ 154,515 U.S. government agency 59,291 — (4,134) 55,157 Municipal 275,972 46 (32,189) 243,829 Mortgage-backed: Agency residential 213,676 5 (18,240) 195,441 Agency commercial 150,060 — (17,172) 132,888 Corporate 65,597 55 (3,958) 61,694 Total available-for-sale $ 934,456 $ 106 $ (91,038) $ 843,524 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Held-to-maturity: (dollars in thousands) U.S. government agency $ 88,424 $ — $ (9,728) $ 78,696 Municipal 42,167 195 (314) 42,048 Mortgage-backed: Agency residential 102,728 — (6,470) 96,258 Agency commercial 308,281 — (46,482) 261,799 Total held-to-maturity $ 541,600 $ 195 $ (62,994) $ 478,801
Schedule of certain debt securities from the available-for-sale category to the held-to-maturity category	March 31, 2022 Amortized Cost Fair Value (dollars in thousands) U.S. government agency $ 78,841 $ 71,048 Mortgage-backed: Agency residential 8,175 7,651 Agency commercial 27,834 25,432 Total $ 114,850 $ 104,131
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 $ 30,344 $ 29,783 $ 1,211 $ 1,213 Due after 1 year through 5 years 230,070 218,061 27,853 27,207 Due after 5 years through 10 years 242,248 214,337 94,481 87,530 Due after 10 years 61,738 55,456 6,006 5,642 Mortgage-backed: Agency residential 218,509 201,976 100,500 95,225 Agency commercial 150,195 135,009 306,378 265,108 Total $ 933,104 $ 854,622 $ 536,429 $ 481,925
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 March 31, 2023 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ — $ — $ (12,804) $ 157,020 $ (12,804) $ 157,020 U.S. government agency (829) 22,107 (2,584) 31,591 (3,413) 53,698 Municipal (475) 37,739 (25,604) 188,362 (26,079) 226,101 Mortgage-backed: Agency residential (1,301) 48,400 (15,252) 148,449 (16,553) 196,849 Agency commercial (794) 22,044 (14,396) 112,275 (15,190) 134,319 Corporate (1,426) 41,224 (2,516) 15,449 (3,942) 56,673 Total available-for-sale $ (4,825) $ 171,514 $ (73,156) $ 653,146 $ (77,981) $ 824,660 The following table presents 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 December 31, 2022: Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total December 31, 2022 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ (8,401) $ 92,445 $ (6,944) $ 62,070 $ (15,345) $ 154,515 U.S. government agency (2,980) 47,370 (1,154) 7,787 (4,134) 55,157 Municipal (10,906) 149,261 (21,283) 87,794 (32,189) 237,055 Mortgage-backed: Agency residential (8,332) 127,288 (9,908) 65,692 (18,240) 192,980 Agency commercial (4,764) 62,672 (12,408) 70,216 (17,172) 132,888 Corporate (2,594) 52,190 (1,364) 5,600 (3,958) 57,790 Total available-for-sale (37,977) 531,226 (53,061) 299,159 (91,038) 830,385 Held-to-maturity: U.S. government agency (1,754) 15,751 (7,974) 62,945 (9,728) 78,696 Municipal (314) 23,433 — — (314) 23,433 Mortgage-backed: Agency residential (4,039) 78,452 (2,431) 17,806 (6,470) 96,258 Agency commercial (16,716) 103,298 (29,766) 158,501 (46,482) 261,799 Total held-to-maturity (22,823) 220,934 (40,171) 239,252 (62,994) 460,186 Total debt securities $ (60,800) $ 752,160 $ (93,232) $ 538,411 $ (154,032) $ 1,290,571
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 March 31, 2023 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,283 Cumulative net unrealized gains (losses) 3 (303) Carrying value $ 3,145 $ 1,980 Readily No Readily Determinable Determinable December 31, 2022 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,142 Cumulative net unrealized gains (losses) (113) (165) Carrying value $ 3,029 $ 1,977
Schedule of sales of debt securities	Three Months Ended March 31, 2023 2022 (dollars in thousands) Proceeds from sales $ 145,844 $ — Gross realized gains — — Gross realized losses (1,007) —
Schedule of unrealized gains (losses) on equity securities	Three Months Ended March 31, 2023 2022 (dollars in thousands) Readily determinable fair value $ 116 $ (187) No readily determinable fair value (138) — Unrealized gains (losses) on equity securities $ (22) $ (187)

LOANS AND RELATED ALLOWANCE F_2

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)	Mar. 31, 2023
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES
Summary of Loans	March 31, 2023 December 31, 2022 (dollars in thousands) Commercial and industrial $ 333,013 $ 266,757 Commercial real estate - owner occupied 317,103 218,503 Commercial real estate - non-owner occupied 854,024 713,202 Construction and land development 389,142 360,824 Multi-family 362,672 287,865 One-to-four family residential 482,732 338,253 Agricultural and farmland 243,357 237,746 Municipal, consumer, and other 213,497 197,103 Loans, before allowance for credit losses 3,195,540 2,620,253 Allowance for credit losses (38,776) (25,333) Loans, net of allowance for credit losses $ 3,156,764 $ 2,594,920
Schedule of activity in allowance for loan losses	Three Months Ended March 31, 2023 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total (dollars in thousands) Beginning balance $ 3,279 $ 1,193 $ 6,721 $ 4,223 $ 1,472 $ 1,759 $ 796 $ 5,890 $ 25,333 Adoption of ASC 326 (822) 587 501 1,969 85 797 1,567 2,299 6,983 PCD allowance established in acquisition 69 127 239 240 68 492 5 7 1,247 Provision for credit losses 387 619 305 1,139 526 1,081 305 739 5,101 Charge-offs — (3) — — — (22) — (117) (142) Recoveries 19 12 74 3 — 58 1 87 254 Ending balance $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 Three Months Ended March 31, 2022 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total (dollars in thousands) Beginning balance $ 2,440 $ 1,840 $ 8,145 $ 4,914 $ 1,263 $ 1,311 $ 845 $ 3,178 $ 23,936 Provision for loan losses (653) (429) (1,396) (421) 91 120 (3) 2,107 (584) Charge-offs (5) — — — — (2) — (127) (134) Recoveries 709 100 265 — — 154 — 62 1,290 Ending balance $ 2,491 $ 1,511 $ 7,014 $ 4,493 $ 1,354 $ 1,583 $ 842 $ 5,220 $ 24,508 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and March 31, 2023 Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 332,878 $ 316,652 $ 827,220 $ 388,904 $ 361,636 $ 477,893 $ 243,357 $ 196,739 $ 3,145,279 Individually evaluated for impairment 135 451 26,804 238 1,036 4,839 — 16,758 50,261 Total $ 333,013 $ 317,103 $ 854,024 $ 389,142 $ 362,672 $ 482,732 $ 243,357 $ 213,497 $ 3,195,540 Allowance for credit losses: Collectively evaluated for impairment $ 2,932 $ 2,524 $ 5,747 $ 7,574 $ 2,151 $ 3,718 $ 2,674 $ 5,333 $ 32,653 Individually evaluated for impairment — 11 2,093 — — 447 — 3,572 6,123 Total $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and December 31, 2022 Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 261,833 $ 203,558 $ 671,663 $ 359,892 $ 287,298 $ 325,621 $ 233,118 $ 184,579 $ 2,527,562 Individually evaluated for impairment 4,818 11,366 30,509 82 — 8,399 4,033 12,508 71,715 Acquired with deteriorated credit quality 106 3,579 11,030 850 567 4,233 595 16 20,976 Total $ 266,757 $ 218,503 $ 713,202 $ 360,824 $ 287,865 $ 338,253 $ 237,746 $ 197,103 $ 2,620,253 Allowance for loan losses: Collectively evaluated for impairment $ 3,121 $ 1,008 $ 4,332 $ 4,221 $ 1,470 $ 1,709 $ 796 $ 2,327 $ 18,984 Individually evaluated for impairment 158 168 2,388 — — 44 — 3,562 6,320 Acquired with deteriorated credit quality — 17 1 2 2 6 — 1 29 Total $ 3,279 $ 1,193 $ 6,721 $ 4,223 $ 1,472 $ 1,759 $ 796 $ 5,890 $ 25,333
Schedule of loans individually evaluated for impairment by category PREADOPTION	Unpaid Principal Recorded Related December 31, 2022 Balance Investment Allowance With an allowance recorded: (dollars in thousands) Commercial and industrial $ 268 $ 254 $ 158 Commercial real estate - owner occupied 635 610 168 Commercial real estate - non-owner occupied 14,269 14,261 2,388 Construction and land development — — — Multi-family — — — One-to-four family residential 569 524 44 Agricultural and farmland — — — Municipal, consumer, and other 8,152 8,131 3,562 Total $ 23,893 $ 23,780 $ 6,320 With no related allowance: Commercial and industrial $ 4,564 $ 4,564 $ — Commercial real estate - owner occupied 10,912 10,756 — Commercial real estate - non-owner occupied 16,327 16,248 — Construction and land development 92 82 — Multi-family — — — One-to-four family residential 9,181 7,875 — Agricultural and farmland 4,440 4,033 — Municipal, consumer, and other 4,410 4,377 — Total $ 49,926 $ 47,935 $ — Total loans individually evaluated for impairment: Commercial and industrial $ 4,832 $ 4,818 $ 158 Commercial real estate - owner occupied 11,547 11,366 168 Commercial real estate - non-owner occupied 30,596 30,509 2,388 Construction and land development 92 82 — Multi-family — — — One-to-four family residential 9,750 8,399 44 Agricultural and farmland 4,440 4,033 — Municipal, consumer, and other 12,562 12,508 3,562 Total $ 73,819 $ 71,715 $ 6,320 Three Months Ended March 31, 2022 Average Interest Recorded Income Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 292 $ 4 Commercial real estate - owner occupied 2,425 33 Commercial real estate - non-owner occupied 14,854 186 Construction and land development — — Multi-family — — One-to-four family residential 647 5 Agricultural and farmland — — Municipal, consumer, and other 8,509 39 Total $ 26,727 $ 267 With no related allowance: Commercial and industrial $ 19,498 $ 200 Commercial real estate - owner occupied 11,028 106 Commercial real estate - non-owner occupied 15,495 198 Construction and land development 2,016 22 Multi-family — — One-to-four family residential 8,728 57 Agricultural and farmland 236 — Municipal, consumer, and other 4,544 21 Total $ 61,545 $ 604 Total loans individually evaluated for impairment: Commercial and industrial $ 19,790 $ 204 Commercial real estate - owner occupied 13,453 139 Commercial real estate - non-owner occupied 30,349 384 Construction and land development 2,016 22 Multi-family — — One-to-four family residential 9,375 62 Agricultural and farmland 236 — Municipal, consumer, and other 13,053 60 Total $ 88,272 $ 871
Schedule of recorded investment on past due basis	Accruing Interest 30 - 89 Days 90+ Days Total March 31, 2023 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 332,741 $ 137 $ — $ 135 $ 333,013 Commercial real estate - owner occupied 316,651 — — 452 317,103 Commercial real estate - non-owner occupied 853,634 — — 390 854,024 Construction and land development 388,777 127 — 238 389,142 Multi-family 361,636 — — 1,036 362,672 One-to-four family residential 475,504 3,059 — 4,169 482,732 Agricultural and farmland 243,357 — — — 243,357 Municipal, consumer, and other 213,251 148 10 88 213,497 Total $ 3,185,551 $ 3,471 $ 10 $ 6,508 $ 3,195,540 Accruing Interest 30 - 89 Days 90+ Days Total December 31, 2022 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 266,521 $ 17 $ — $ 219 $ 266,757 Commercial real estate - owner occupied 218,242 187 — 74 218,503 Commercial real estate - non-owner occupied 713,031 — — 171 713,202 Construction and land development 360,763 61 — — 360,824 Multi-family 287,854 11 — — 287,865 One-to-four family residential 335,576 894 145 1,638 338,253 Agricultural and farmland 237,727 19 — — 237,746 Municipal, consumer, and other 196,892 157 1 53 197,103 Total $ 2,616,606 $ 1,346 $ 146 $ 2,155 $ 2,620,253
Schedule of amortized cost of collateral dependent loans	Amortized Cost Allowance Primary Collateral Type for Credit March 31, 2023 Real Estate Vehicles Other Total Losses (dollars in thousands) Commercial and industrial $ — $ — $ 135 $ 135 $ — Commercial real estate - owner occupied 451 — — 451 11 Commercial real estate - non-owner occupied 26,804 — — 26,804 2,093 Construction and land development 238 — — 238 — Multi-family 1,036 — — 1,036 — One-to-four family residential 4,839 — — 4,839 447 Agricultural and farmland — — — — — Municipal, consumer, and other 16,671 52 35 16,758 3,572 Total $ 50,039 $ 52 $ 170 $ 50,261 $ 6,123
Schedule of loans by category risk ratings	March 31, 2023 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 315,892 $ 4,793 $ 12,328 $ — $ 333,013 Commercial real estate - owner occupied 289,875 16,520 10,708 — 317,103 Commercial real estate - non-owner occupied 788,300 29,253 36,471 — 854,024 Construction and land development 387,057 1,759 326 — 389,142 Multi-family 358,538 3,098 1,036 — 362,672 One-to-four family residential 464,444 7,544 10,744 — 482,732 Agricultural and farmland 231,171 8,000 4,186 — 243,357 Municipal, consumer, and other 195,514 1,080 16,903 — 213,497 Total $ 3,030,791 $ 72,047 $ 92,702 $ — $ 3,195,540 December 31, 2022 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 255,309 $ 6,630 $ 4,818 $ — $ 266,757 Commercial real estate - owner occupied 198,546 10,105 9,852 — 218,503 Commercial real estate - non-owner occupied 652,691 27,282 33,229 — 713,202 Construction and land development 358,215 2,527 82 — 360,824 Multi-family 283,682 4,183 — — 287,865 One-to-four family residential 323,632 5,907 8,714 — 338,253 Agricultural and farmland 223,114 10,004 4,628 — 237,746 Municipal, consumer, and other 184,299 296 12,508 — 197,103 Total $ 2,479,488 $ 66,934 $ 73,831 $ — $ 2,620,253
Schedule of risk ratings of loans, further sorted by origination year	Revolving Loans Term Loans by Origination Year Revolving Converted (dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Commercial and industrial Pass $ 9,832 $ 65,070 $ 30,388 $ 34,196 $ 8,452 $ 15,757 $ 150,357 $ 1,840 $ 315,892 Pass-Watch 123 523 288 366 861 218 1,807 607 4,793 Substandard 12 107 — 50 — 54 7,522 4,583 12,328 Total $ 9,967 $ 65,700 $ 30,676 $ 34,612 $ 9,313 $ 16,029 $ 159,686 $ 7,030 $ 333,013 Commercial real estate - owner occupied Pass $ 8,384 $ 66,985 $ 63,754 $ 61,743 $ 35,222 $ 39,497 $ 14,290 $ — $ 289,875 Pass-Watch 684 2,401 2,804 373 5,089 2,795 2,374 — 16,520 Substandard — 1,841 3,483 270 — 3,620 1,494 — 10,708 Total $ 9,068 $ 71,227 $ 70,041 $ 62,386 $ 40,311 $ 45,912 $ 18,158 $ — $ 317,103 Commercial real estate - non-owner occupied Pass $ 29,617 $ 225,057 $ 268,322 $ 105,503 $ 92,546 $ 53,639 $ 9,772 $ 3,844 $ 788,300 Pass-Watch 289 1,186 6,823 155 2,872 4,396 13,532 — 29,253 Substandard 12,429 128 — 248 9,511 13,984 — 171 36,471 Total $ 42,335 $ 226,371 $ 275,145 $ 105,906 $ 104,929 $ 72,019 $ 23,304 $ 4,015 $ 854,024 Construction and land development Pass $ 28,833 $ 250,925 $ 73,087 $ 5,311 $ 3,159 $ 1,872 $ 23,359 $ 511 $ 387,057 Pass-Watch — — — — — 312 1,447 — 1,759 Substandard — — — — — 318 8 — 326 Total $ 28,833 $ 250,925 $ 73,087 $ 5,311 $ 3,159 $ 2,502 $ 24,814 $ 511 $ 389,142 Multi-family Pass $ 26,271 $ 76,239 $ 111,750 $ 73,568 $ 32,623 $ 31,406 $ 6,435 $ 246 $ 358,538 Pass-Watch — 867 317 — 62 1,843 — 9 3,098 Substandard — — — — 556 480 — — 1,036 Total $ 26,271 $ 77,106 $ 112,067 $ 73,568 $ 33,241 $ 33,729 $ 6,435 $ 255 $ 362,672 One-to-four family residential Pass $ 40,422 $ 92,760 $ 96,041 $ 73,385 $ 26,003 $ 71,976 $ 59,510 $ 4,347 $ 464,444 Pass-Watch 103 802 573 487 894 4,204 224 257 7,544 Substandard 75 2,447 697 815 474 3,169 36 3,031 10,744 Total $ 40,600 $ 96,009 $ 97,311 $ 74,687 $ 27,371 $ 79,349 $ 59,770 $ 7,635 $ 482,732 Agricultural and farmland Pass $ 12,841 $ 41,470 $ 39,924 $ 41,320 $ 9,494 $ 10,545 $ 66,379 $ 9,198 $ 231,171 Pass-Watch 2,307 2,371 97 1,062 211 382 1,570 — 8,000 Substandard — — 17 3,312 265 592 — — 4,186 Total $ 15,148 $ 43,841 $ 40,038 $ 45,694 $ 9,970 $ 11,519 $ 67,949 $ 9,198 $ 243,357 Municipal, Consumer, and other Pass $ 9,428 $ 71,121 $ 34,055 $ 15,304 $ 5,335 $ 45,153 $ 15,116 $ 2 $ 195,514 Pass-Watch — 112 27 21 — 920 — — 1,080 Substandard 14 114 9 — 51 16,711 4 — 16,903 Total $ 9,442 $ 71,347 $ 34,091 $ 15,325 $ 5,386 $ 62,784 $ 15,120 $ 2 $ 213,497 Total by Risk Rating Pass $ 165,628 $ 889,627 $ 717,321 $ 410,330 $ 212,834 $ 269,845 $ 345,218 $ 19,988 $ 3,030,791 Pass-Watch 3,506 8,262 10,929 2,464 9,989 15,070 20,954 873 72,047 Substandard 12,530 4,637 4,206 4,695 10,857 38,928 9,064 7,785 92,702 Total $ 181,664 $ 902,526 $ 732,456 $ 417,489 $ 233,680 $ 323,843 $ 375,236 $ 28,646 $ 3,195,540
Schedule of gross charge-offs, further sorted by origination year	Gross Charge-Offs for the Three Months Ended March 31, 2023 Revolving Loans Term Loans by Origination Year Revolving Converted 2023 2022 2021 2020 2019 Prior Loans to Term Total (dollars in thousands) Commercial and industrial $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied — 3 — — — — — — 3 Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — 1 21 — — 22 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 35 53 — 9 — — 20 — 117 Total $ 35 $ 56 $ — $ 9 $ 1 $ 21 $ 20 $ — $ 142
Schedule of changes in the accretable yield for loans acquired with deteriorated credit quality	Three Months Ended March 31, 2022 (dollars in thousands) Beginning balance $ 413 Reclassification from non-accretable difference 117 Accretion income (46) Ending balance $ 484
Schedule of non-accrual loans	Nonaccrual Nonaccrual With With No Allowance for Allowance for Total March 31, 2023 Credit Losses Credit Losses Nonaccrual (dollars in thousands) Commercial and industrial $ — $ 135 $ 135 Commercial real estate - owner occupied 75 377 452 Commercial real estate - non-owner occupied 219 171 390 Construction and land development — 238 238 Multi-family — 1,036 1,036 One-to-four family residential 386 3,783 4,169 Agricultural and farmland — — — Municipal, consumer, and other 52 36 88 Total $ 732 $ 5,776 $ 6,508

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	3 Months Ended
LOAN SERVICING (Tables)	Mar. 31, 2023
LOAN SERVICING
Schedule of activity in mortgage servicing rights	Three Months Ended March 31, 2023 2022 (dollars in thousands) Beginning balance $ 10,147 $ 7,994 Acquired 10,469 — Capitalized servicing rights 129 171 Fair value adjustment: Attributable to payments and principal reductions (431) (307) Attributable to changes in valuation inputs and assumptions (322) 1,865 Total fair value adjustment (753) 1,558 Ending balance $ 19,992 $ 9,723

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	3 Months Ended
FORECLOSED ASSETS (Tables)	Mar. 31, 2023
FORECLOSED ASSETS
Schedule of foreclosed assets activity	Three Months Ended March 31, 2023 2022 (dollars in thousands) Beginning balance $ 3,030 $ 3,278 Acquired 271 — Transfers from loans 105 19 Proceeds from sales (40) (294) Net gain on sales 20 105 Direct write-downs (30) (65) Ending balance $ 3,356 $ 3,043
Schedule of gains (losses) on foreclosed assets	Three Months Ended March 31, 2023 2022 (dollars in thousands) Direct write-downs $ (30) $ (65) Net gain on sales 20 105 Gains (losses) on foreclosed assets $ (10) $ 40

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
DEPOSITS (Tables)	Mar. 31, 2023
DEPOSITS
Schedule of Company's interest-bearing deposits	March 31, 2023 December 31, 2022 (dollars in thousands) Noninterest-bearing deposits $ 1,218,888 $ 994,954 Interest-bearing deposits: Interest-bearing demand 1,270,454 1,139,150 Money market 662,088 555,425 Savings 738,719 634,527 Time 420,372 262,968 Total interest-bearing deposits 3,091,633 2,592,070 Total deposits $ 4,310,521 $ 3,587,024
Schedule of interest expense on deposits	Three Months Ended March 31, 2023 2022 (dollars in thousands) Interest-bearing demand $ 458 $ 142 Money market 935 121 Savings 178 50 Time 803 256 Total interest expense on deposits $ 2,374 $ 569

JUNIOR SUBORDINATED DEBENTURE_2

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS (Tables) - Junior Subordinated Debentures Issued	3 Months Ended
	Mar. 31, 2023
SUBORDINATED NOTES
Schedule of carrying value of subordinated debentures	Carrying Value Face Value March 31, 2023 December 31, 2022 (dollars in thousands) Heartland Bancorp, Inc. Capital Trust B $ 10,310 $ 10,310 $ 10,310 Heartland Bancorp, Inc. Capital Trust C 10,310 10,310 10,310 Heartland Bancorp, Inc. Capital Trust D 5,155 5,155 5,155 FFBI Capital Trust I 7,217 7,217 7,217 National Bancorp Statutory Trust I 5,773 4,804 4,788 Town and Country Statutory Trust II 4,124 4,426 — Town and Country Statutory Trust III 7,732 7,568 — WPI Statutory Trust I 3,093 2,956 — Total $ 53,714 $ 52,746 $ 37,780
Schedule of interest rates and maturities of the junior subordinated debentures	Interest Rate at Variable March 31, December 31, Maturity Interest Rate 2023 2022 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 7.58 % 6.83 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 6.40 6.30 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 6.22 6.12 September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 7.63 6.88 April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 7.77 7.67 December 15, 2037 Town and Country Statutory Trust II LIBOR plus 2.79 7.70 N/A March 17, 2034 Town and Country Statutory Trust III LIBOR plus 1.68 6.55 N/A March 22, 2037 WPI Statutory Trust I LIBOR plus 1.45 6.32 N/A June 15, 2037

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Mar. 31, 2023
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair values of Company's derivative instrument assets and liabilities related to interest rate swap contracts	March 31, 2023 December 31, 2022 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets $ 17,000 $ 495 $ 17,000 $ 629
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 (loss) Three Months Ended March 31, 2023 2022 Designated as cash flow hedges: (dollars in thousands) Junior subordinated debentures interest expense $ 94 $ (96)
Summary of interest rate swap agreements not designated as hedging instruments	March 31, 2023 December 31, 2022 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 $ — $ — $ — $ — Interest rate swaps with a financial institution counterparty 119,605 7,089 106,995 6,981 Total fair value recorded in other assets $ 119,605 $ 7,089 $ 106,995 $ 6,981 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 119,605 $ (7,089) $ 106,995 $ (6,981) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 119,605 $ (7,089) $ 106,995 $ (6,981)
Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income	Three Months Ended March 31, 2023 2022 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 2,737 $ 5,413 Gross losses (2,737) (5,413) Net gains (losses) $ — $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Mar. 31, 2023
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 March 31, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications 11,443 — (40) 11,403 Reclassifications 1,607 490 (94) 2,003 Other comprehensive income (loss), before tax 13,050 490 (134) 13,406 Income tax expense (benefit) 3,720 140 (38) 3,822 Other comprehensive income (loss), after tax 9,330 350 (96) 9,584 Balance, March 31, 2023 $ (52,668) $ (9,596) $ 89 $ (62,175) Three Months Ended March 31, 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 loss before reclassifications (53,422) — 594 (52,828) Reclassifications — 181 96 277 Other comprehensive income (loss), before tax (53,422) 181 690 (52,551) Income tax expense (15,228) 51 197 (14,980) Other comprehensive income (loss), after tax (38,194) 130 493 (37,571) Balance, March 31, 2022 $ (24,794) $ (11,048) $ (258) $ (36,100)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2023
EARNINGS PER SHARE
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings	Three Months Ended March 31, 2023 2022 (dollars in thousands) Numerator: Net income $ 9,208 $ 13,604 Earnings allocated to participating securities (5) (17) Numerator for earnings per share - basic and diluted $ 9,203 $ 13,587 Denominator: Weighted average common shares outstanding 30,977,204 28,986,593 Dilutive effect of outstanding restricted stock units 69,947 43,646 Weighted average common shares outstanding, including all dilutive potential shares 31,047,151 29,030,239 Earnings per share - Basic $ 0.30 $ 0.47 Earnings per share - Diluted $ 0.30 $ 0.47

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	3 Months Ended
STOCK-BASED COMPENSATION PLANS (Tables)	Mar. 31, 2023
STOCK-BASED COMPENSATION PLANS
Summary of stock-based compensation expense	Three Months Ended March 31, 2023 2022 (dollars in thousands) Restricted stock units $ 277 $ 608 Performance restricted stock units 240 293 Total awards classified as equity 517 901 Stock appreciation rights 1 (23) Total stock-based compensation expense $ 518 $ 878
Schedule of the summary of outstanding restricted stock units	Three Months Ended March 31, 2023 2022 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 139,986 $ 18.01 109,244 $ 17.27 Granted 41,847 22.72 46,312 19.11 Vested (51,693) 17.91 (34,925) 17.26 Forfeited (718) 16.58 — — Ending balance 129,422 $ 19.58 120,631 $ 17.98
Schedule of the status of stock appreciation rights and changes	Three Months Ended March 31, 2023 2022 Stock Appreciation Rights Weighted Average Grant Date Assigned Value Stock Appreciation Rights Weighted Average Grant Date Assigned Value Beginning balance 73,440 $ 16.32 97,920 $ 16.32 Granted — — — — Exercised — — (6,120) 16.32 Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 91,800 $ 16.32 A further summary of stock appreciation rights as of March 31, 2023, is as follows: Weighted Average Stock Appreciation Rights Remaining Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 73,440 67,320 6.4 years
Schedule of assumptions used in valuing stock appreciation rights	March 31, 2023 December 31, 2022 Risk-free interest rate 3.57 % 3.95 % Expected volatility 37.14 % 36.54 % Expected life (in years) 6.4 6.7 Expected dividend yield 3.45 % 3.27 %
Performance Shares
STOCK-BASED COMPENSATION PLANS
Schedule of the summary of outstanding restricted stock units	Three months ended March 31, 2023 2022 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 38,344 $ 15.72 Granted 17,030 22.72 23,723 19.14 Vested — — — — Forfeited — — — — Ending balance 79,097 $ 18.25 62,067 $ 17.02

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
REGULATORY MATTERS (Tables)	Mar. 31, 2023
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 March 31, 2023 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 565,048 15.11 % $ 299,236 8.00 % N/A N/A Heartland Bank and Trust Company 560,249 15.00 298,729 8.00 $ 373,411 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 492,111 13.16 % $ 224,427 6.00 % N/A N/A Heartland Bank and Trust Company 526,727 14.11 224,047 6.00 $ 298,729 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 440,979 11.79 % $ 168,320 4.50 % N/A N/A Heartland Bank and Trust Company 526,727 14.11 168,035 4.50 $ 242,717 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 492,111 10.29 % $ 191,227 4.00 % N/A N/A Heartland Bank and Trust Company 526,727 11.03 190,973 4.00 $ 238,716 5.00 % Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions December 31, 2022 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 516,556 16.27 % $ 254,052 8.00 % N/A N/A Heartland Bank and Trust Company 489,316 15.43 253,643 8.00 $ 317,054 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 451,828 14.23 % $ 190,539 6.00 % N/A N/A Heartland Bank and Trust Company 463,983 14.63 190,233 6.00 $ 253,643 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 415,213 13.07 % $ 142,904 4.50 % N/A N/A Heartland Bank and Trust Company 463,983 14.63 142,674 4.50 $ 206,085 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 451,828 10.48 % $ 172,427 4.00 % N/A N/A Heartland Bank and Trust Company 463,983 10.78 172,240 4.00 $ 215,300 5.00 %

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Mar. 31, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of assets measured at fair value on a recurring basis	March 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 157,020 $ — $ — $ 157,020 U.S. government agency — 53,698 — 53,698 Municipal — 248,884 — 248,884 Mortgage-backed: Agency residential — 201,976 — 201,976 Agency commercial — 135,009 — 135,009 Corporate — 58,035 — 58,035 Equity securities with readily determinable fair values 3,145 — — 3,145 Mortgage servicing rights — — 19,992 19,992 Derivative financial assets — 7,584 — 7,584 Derivative financial liabilities — 7,089 — 7,089 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 154,515 $ — $ — $ 154,515 U.S. government agency — 55,157 — 55,157 Municipal — 243,829 — 243,829 Mortgage-backed: Agency residential — 195,441 — 195,441 Agency commercial — 132,888 — 132,888 Corporate — 61,694 — 61,694 Equity securities with readily determinable fair values 3,029 — — 3,029 Mortgage servicing rights — — 10,147 10,147 Derivative financial assets — 7,610 — 7,610 Derivative financial liabilities — 6,981 — 6,981
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): March 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 19,992 Discounted cash flows Constant pre-payment rates (CPR) 6.5% to 59.7% (8.2%) Discount rate 9.0% to 11.5% (9.5%) December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 10,147 Discounted cash flows Constant pre-payment rates (CPR) 5.3% to 59.7% (8.2%) Discount rate 9.0% to 11.7% (9.3%)
Summary of assets measured at fair value on a nonrecurring basis	March 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 5,130 $ — $ 5,130 Collateral-dependent loans — — 44,138 44,138 Bank premises held for sale — — 235 235 Foreclosed assets — — 3,356 3,356 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 615 $ — $ 615 Collateral-dependent loans — — 17,460 17,460 Bank premises held for sale — — 235 235 Foreclosed assets — — 3,030 3,030
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): March 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 44,138 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 235 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,356 Appraisal Appraisal adjustments 7% (7%) December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 17,460 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 235 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,030 Appraisal Appraisal adjustments 7% (7%)
Summary information on the carrying amounts and estimated fair values of the Company's financial instruments	Fair Value March 31, 2023 December 31, 2022 Hierarchy Carrying Estimated Carrying Estimated Level Amount Fair Value Amount Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents Level 1 $ 177,112 $ 177,112 $ 114,159 $ 114,159 Debt securities held-to-maturity Level 2 536,429 481,925 541,600 478,801 Restricted stock Level 3 4,991 4,991 7,965 7,965 Loans, net Level 3 3,156,764 3,105,661 2,594,920 2,566,930 Investments in unconsolidated subsidiaries Level 3 1,614 1,614 1,165 1,165 Accrued interest receivable Level 2 20,301 20,301 19,506 19,506 Financial liabilities: Time deposits Level 3 420,372 409,454 262,968 253,619 Securities sold under agreements to repurchase Level 2 34,919 34,919 43,081 43,081 Subordinated notes Level 3 39,415 36,863 39,395 37,205 Junior subordinated debentures Level 3 52,746 50,720 37,780 37,030 Accrued interest payable Level 2 1,402 1,402 1,363 1,363

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Mar. 31, 2023
COMMITMENTS AND CONTINGENCIES
Schedule of commitments and conditional obligations	Contractual Amount March 31, 2023 December 31, 2022 (dollars in thousands) Commitments to extend credit $ 838,714 $ 756,885 Standby letters of credit 19,146 17,785

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details)	3 Months Ended
ACCOUNTING POLICIES (Details)	Mar. 31, 2023 USD ($) segment item	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
ACCOUNTING POLICIES
Number of Subsidiary \| item	8
Internal review threshold	$ 750,000
Loans	3,156,764,000	$ 2,594,920,000
Allowance for credit loss	$ 38,776,000	$ 25,333,000	$ 24,508,000	$ 23,936,000
Number of segments \| segment	1

ACCOUNTING POLICIES - Impact of

ACCOUNTING POLICIES - Impact of ASC 326 on the allowance for credit losses (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained earnings	$ 228,782	$ 232,004
Allowance for credit loss	38,776	25,333	$ 24,508	$ 23,936
Addition to allowance due to adoption of ASU	1,247
Commercial and industrial
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	2,932	3,279	2,491	2,440
Addition to allowance due to adoption of ASU	69
Commercial real estate - owner occupied
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	2,535	1,193	1,511	1,840
Addition to allowance due to adoption of ASU	127
Commercial real estate - non-owner occupied
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	7,840	6,721	7,014	8,145
Addition to allowance due to adoption of ASU	239
Construction and land development
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	7,574	4,223	4,493	4,914
Addition to allowance due to adoption of ASU	240
Multi-family
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	2,151	1,472	1,354	1,263
Addition to allowance due to adoption of ASU	68
One-to-four family residential
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	4,165	1,759	1,583	1,311
Addition to allowance due to adoption of ASU	492
Agricultural and farmland
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	2,674	796	842	845
Addition to allowance due to adoption of ASU	5
Municipal, consumer, and other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	8,905	5,890	$ 5,220	$ 3,178
Addition to allowance due to adoption of ASU	7
Unfunded Loan Commitment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	3,400
Cumulative Effect, Period of Adoption, Adjustment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained earnings		(6,900)
Allowance for credit loss	6,983	6,983
Addition to allowance due to adoption of ASU		200
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Commercial and industrial
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	(822)	(822)
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Commercial real estate - owner occupied
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	587	587
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Commercial real estate - non-owner occupied
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	501	501
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Construction and land development
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	1,969	1,969
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Multi-family
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	85	85
Cumulative Effect, Period of Adoption, Adjustment [Member] \| One-to-four family residential
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	797	797
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Agricultural and farmland
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	1,567	1,567
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Municipal, consumer, and other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss	$ 2,299	2,299
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Unfunded Loan Commitment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		2,899
Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		32,316
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Commercial and industrial
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		2,457
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Commercial real estate - owner occupied
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		1,780
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Commercial real estate - non-owner occupied
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		7,222
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Construction and land development
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		6,192
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Multi-family
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		1,557
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| One-to-four family residential
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		2,556
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Agricultural and farmland
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		2,363
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Municipal, consumer, and other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		8,189
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] \| Unfunded Loan Commitment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		$ 2,899

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Feb. 01, 2023	Mar. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill		$ 59,876	$ 29,322
Town and Country
Business Acquisition [Line Items]
Percentage of voting interests acquired	100%
Stock consideration per share	1.9010
Cash consideration per share	$ 35.66
Share Price	$ 21.12
Goodwill	$ 30,554
Cash consideration	37,996
Market value of shares issued as part of consideration	$ 71,356
Stock consideration (number of shares)	3,378,600
Total consideration	$ 109,352
Maximum period for refinement of fair values from closing date		1 year

ACQUISITIONS - Acquisition-rela

ACQUISITIONS - Acquisition-related expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition [Line Items]
Provision for credit losses	$ 5,101	$ (584)
Town and Country
Business Acquisition [Line Items]
Provision for credit losses	5,924
Salaries	3,518
Data processing	1,855
Marketing and customer relations	14
Legal fees and other noninterest expense	1,753
Acquisition-related expenses, total	$ 13,064	$ 0

ACQUISITIONS - Assets Acquired

ACQUISITIONS - Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Feb. 01, 2023	Mar. 31, 2023	Dec. 31, 2022
Consideration paid:
Goodwill		$ 59,876	$ 29,322
Town and Country
Assets acquired:
Cash and cash equivalents	$ 23,542
Interest-bearing time deposits with banks	249
Debt securities	167,869
Equity securities	90
Restricted stock	2,822
Loans held for sale	1,612
Loans, before allowance for credit losses	635,376
Allowance for credit losses	(1,247)
Loans, net of allowance for credit losses	634,129
Bank owned life insurance	15,782
Bank premises and equipment	14,828
Foreclosed assets	271
Intangible assets	22,282
Mortgage servicing rights	10,469
Investments in unconsolidated subsidiaries	449
Accrued interest receivable	3,113
Other assets	8,061
Total assets acquired	905,568
Liabilities assumed:
Deposits	720,417
FHLB advances	86,439
Junior subordinated debentures	14,949
Other liabilities	4,965
Total liabilities assumed	826,770
Net assets acquired	78,798
Consideration paid:
Cash	37,996
Common stock	71,356
Business Combination, Consideration Transferred, Total	109,352
Goodwill	$ 30,554

ACQUISITIONS - PCD loans and su

ACQUISITIONS - PCD loans and subsequent changes (Details) - Town and Country - USD ($) $ in Thousands		3 Months Ended
	Feb. 01, 2023	Mar. 31, 2023
Financing Receivable, Purchased with Credit Deterioration, Amount at Purchase Price [Abstract]
Unpaid principal balance	$ 89,822
Allowance for credit loss at acquisition	(1,247)
Noncredit discount	(2,218)
Purchase price	$ 86,357
Subsequent adjustment to allowance for credit losses on loans		$ 5,200
Subsequent adjustment to allowance for credit losses on unfunded commitments		$ 700

ACQUISITIONS - Schedule of pro

ACQUISITIONS - Schedule of pro forma (Details) - Town and Country Financial Corporation [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition, Pro Forma Information [Abstract]
Total revenues (net interest income and noninterest income)	$ 57,770	$ 54,512
Net income	$ 10,015	$ 17,577
Earnings per share - basic	$ 0.31	$ 0.57
Earnings per share - diluted	$ 0.31	$ 0.57

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
SECURITIES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
SECURITIES
Adjustment to carrying value of equity securities with no readily determinable fair value	$ 200
Allowance for credit loss	38,776	$ 25,333	$ 24,508	$ 23,936
Debt securities, available-for-sale, accrued interest	6,300
Impairments of downward adjustments	$ 100
Municipal securities
SECURITIES
Percentage of securities with general obligation issue	81%
Corporate
SECURITIES
Allowance for credit loss	$ 600
Assets Pledged
SECURITIES
Carrying value of securities pledged to secure public and trust deposits	$ 369,700	$ 332,600

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and Fair values of securities with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available-for-sale
Amortized cost	$ 933,104	$ 934,456
Gross Unrealized Gains	138	106
Gross Unrealized Losses	(78,020)	(91,038)
Allowance for credit losses	(600)
Fair Value	854,622	843,524
Held-to-maturity
Amortized Cost	536,429	541,600
Gross Unrealized Gains	426	195
Gross Unrealized Losses	(54,930)	(62,994)
Fair Value	481,925	478,801
U.S. Treasury
Available-for-sale
Amortized cost	169,824	169,860
Gross Unrealized Losses	(12,804)	(15,345)
Fair Value	157,020	154,515
U.S. government agency
Available-for-sale
Amortized cost	57,111	59,291
Gross Unrealized Losses	(3,413)	(4,134)
Fair Value	53,698	55,157
Held-to-maturity
Amortized Cost	88,430	88,424
Gross Unrealized Losses	(8,257)	(9,728)
Fair Value	80,173	78,696
Municipal securities
Available-for-sale
Amortized cost	274,849	275,972
Gross Unrealized Gains	114	46
Gross Unrealized Losses	(26,079)	(32,189)
Fair Value	248,884	243,829
Held-to-maturity
Amortized Cost	41,121	42,167
Gross Unrealized Gains	426	195
Gross Unrealized Losses	(128)	(314)
Fair Value	41,419	42,048
Mortgage-backed: Agency residential
Available-for-sale
Amortized cost	218,509	213,676
Gross Unrealized Gains	20	5
Gross Unrealized Losses	(16,553)	(18,240)
Fair Value	201,976	195,441
Held-to-maturity
Amortized Cost	100,500	102,728
Gross Unrealized Losses	(5,275)	(6,470)
Fair Value	95,225	96,258
Mortgage-backed: Agency commercial
Available-for-sale
Amortized cost	150,195	150,060
Gross Unrealized Gains	4
Gross Unrealized Losses	(15,190)	(17,172)
Fair Value	135,009	132,888
Held-to-maturity
Amortized Cost	306,378	308,281
Gross Unrealized Losses	(41,270)	(46,482)
Fair Value	265,108	261,799
Corporate
Available-for-sale
Amortized cost	62,616	65,597
Gross Unrealized Gains		55
Gross Unrealized Losses	(3,981)	(3,958)
Allowance for credit losses	(600)
Fair Value	$ 58,035	$ 61,694

SECURITIES - Amortized cost a_2

SECURITIES - Amortized cost and Fair values of held-to-maturity securities transferred from available-for-sale securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Held-to-maturity
Fair Value	$ 481,925	$ 478,801
U.S. government agency
Held-to-maturity
Fair Value	80,173	78,696
Mortgage-backed: Agency residential
Held-to-maturity
Fair Value	95,225	96,258
Mortgage-backed: Agency commercial
Held-to-maturity
Fair Value	$ 265,108	$ 261,799
Debt Securities Transferred
Held-to-maturity
Debt securities held-to-maturity			$ 114,850
Fair Value			104,131
Debt Securities Transferred \| U.S. government agency
Held-to-maturity
Debt securities held-to-maturity			78,841
Fair Value			71,048
Debt Securities Transferred \| Mortgage-backed: Agency residential
Held-to-maturity
Debt securities held-to-maturity			8,175
Fair Value			7,651
Debt Securities Transferred \| Mortgage-backed: Agency commercial
Held-to-maturity
Debt securities held-to-maturity			27,834
Fair Value			$ 25,432

SECURITIES - Amortized cost a_3

SECURITIES - Amortized cost and Fair values of securities with maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost
Amortized cost	$ 933,104	$ 934,456
Fair Value
Fair Value	854,622	843,524
Amortized Cost
Amortized Cost	536,429	541,600
Fair Value
Fair Value	481,925	478,801
Mortgage-backed: Agency residential
Amortized Cost
Amortized cost	218,509	213,676
Fair Value
Fair Value	201,976	195,441
Amortized Cost
Amortized Cost	100,500	102,728
Fair Value
Fair Value	95,225	96,258
Mortgage-backed: Agency commercial
Amortized Cost
Amortized cost	150,195	150,060
Fair Value
Fair Value	135,009	132,888
Amortized Cost
Amortized Cost	306,378	308,281
Fair Value
Fair Value	265,108	$ 261,799
Available-for-sale
Amortized Cost
Due in 1 year or less	30,344
Due after 1 year through 5 years	230,070
Due after 5 years through 10 years	242,248
Due after 10 years	61,738
Amortized cost	933,104
Fair Value
Due in 1 year or less	29,783
Due after 1 year through 5 years	218,061
Due after 5 years through 10 years	214,337
Due after 10 years	55,456
Fair Value	854,622
Available-for-sale \| Mortgage-backed: Agency residential
Amortized Cost
Amortized cost	218,509
Fair Value
Fair Value	201,976
Available-for-sale \| Mortgage-backed: Agency commercial
Amortized Cost
Amortized cost	150,195
Fair Value
Fair Value	135,009
Held-to-maturity
Amortized Cost
Due in 1 year or less	1,211
Due after 1 year through 5 years	27,853
Due after 5 years through 10 years	94,481
Due after 10 years	6,006
Amortized Cost	536,429
Fair Value
Due in 1 year or less	1,213
Due after 1 year through 5 years	27,207
Due after 5 years through 10 years	87,530
Due after 10 years	5,642
Fair Value	481,925
Held-to-maturity \| Mortgage-backed: Agency residential
Amortized Cost
Amortized Cost	100,500
Fair Value
Fair Value	95,225
Held-to-maturity \| Mortgage-backed: Agency commercial
Amortized Cost
Amortized Cost	306,378
Fair Value
Fair Value	$ 265,108

SECURITIES - Investments in a C

SECURITIES - Investments in a Continuous Unrealized Loss Position (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)
Available-for-sale: Unrealized Loss
Less than 12 Months	$ (4,825)	$ (37,977)
12 Months or More	(73,156)	(53,061)
Total Unrealized Loss of Available-for-sale securities	(77,981)	(91,038)
Held-to-maturity: Unrealized Loss
Less than 12 Months		(22,823)
12 Months or More		(40,171)
Total Unrealized Loss of Held-to-maturity securities		(62,994)
Available-for-sale: Fair Value
Less than 12 Months	171,514	531,226
12 Months or More	653,146	299,159
Total Fair Value Available-for-sale securities	$ 824,660	830,385
Held-to-maturity: Fair value
Less than 12 Months		220,934
12 Months or More		239,252
Total Fair Value Held-to-maturity securities		460,186
Total: Unrealized Losses
Less Than 12 Months		(60,800)
12 Months or More		(93,232)
Total Unrealized Losses		(154,032)
Total: Fair Value
Less than 12 Months		752,160
12 Months or More		538,411
Total Fair Value		1,290,571
Number of securities in an unrealized loss position for a period of twelve months or more \| item	531
Number of securities in an unrealized loss position for a period of less than twelve months \| item	316
Proceeds from sales of securities available-for-sale	$ 145,844
U.S. Treasury
Available-for-sale: Unrealized Loss
Less than 12 Months		(8,401)
12 Months or More	(12,804)	(6,944)
Total Unrealized Loss of Available-for-sale securities	(12,804)	(15,345)
Available-for-sale: Fair Value
Less than 12 Months		92,445
12 Months or More	157,020	62,070
Total Fair Value Available-for-sale securities	157,020	154,515
U.S. government agency
Available-for-sale: Unrealized Loss
Less than 12 Months	(829)	(2,980)
12 Months or More	(2,584)	(1,154)
Total Unrealized Loss of Available-for-sale securities	(3,413)	(4,134)
Held-to-maturity: Unrealized Loss
Less than 12 Months		(1,754)
12 Months or More		(7,974)
Total Unrealized Loss of Held-to-maturity securities		(9,728)
Available-for-sale: Fair Value
Less than 12 Months	22,107	47,370
12 Months or More	31,591	7,787
Total Fair Value Available-for-sale securities	53,698	55,157
Held-to-maturity: Fair value
Less than 12 Months		15,751
12 Months or More		62,945
Total Fair Value Held-to-maturity securities		78,696
Municipal securities
Available-for-sale: Unrealized Loss
Less than 12 Months	(475)	(10,906)
12 Months or More	(25,604)	(21,283)
Total Unrealized Loss of Available-for-sale securities	(26,079)	(32,189)
Held-to-maturity: Unrealized Loss
Less than 12 Months		(314)
Total Unrealized Loss of Held-to-maturity securities		(314)
Available-for-sale: Fair Value
Less than 12 Months	37,739	149,261
12 Months or More	188,362	87,794
Total Fair Value Available-for-sale securities	226,101	237,055
Held-to-maturity: Fair value
Less than 12 Months		23,433
Total Fair Value Held-to-maturity securities		23,433
Mortgage-backed: Agency residential
Available-for-sale: Unrealized Loss
Less than 12 Months	(1,301)	(8,332)
12 Months or More	(15,252)	(9,908)
Total Unrealized Loss of Available-for-sale securities	(16,553)	(18,240)
Held-to-maturity: Unrealized Loss
Less than 12 Months		(4,039)
12 Months or More		(2,431)
Total Unrealized Loss of Held-to-maturity securities		(6,470)
Available-for-sale: Fair Value
Less than 12 Months	48,400	127,288
12 Months or More	148,449	65,692
Total Fair Value Available-for-sale securities	196,849	192,980
Held-to-maturity: Fair value
Less than 12 Months		78,452
12 Months or More		17,806
Total Fair Value Held-to-maturity securities		96,258
Mortgage-backed: Agency commercial
Available-for-sale: Unrealized Loss
Less than 12 Months	(794)	(4,764)
12 Months or More	(14,396)	(12,408)
Total Unrealized Loss of Available-for-sale securities	(15,190)	(17,172)
Held-to-maturity: Unrealized Loss
Less than 12 Months		(16,716)
12 Months or More		(29,766)
Total Unrealized Loss of Held-to-maturity securities		(46,482)
Available-for-sale: Fair Value
Less than 12 Months	22,044	62,672
12 Months or More	112,275	70,216
Total Fair Value Available-for-sale securities	134,319	132,888
Held-to-maturity: Fair value
Less than 12 Months		103,298
12 Months or More		158,501
Total Fair Value Held-to-maturity securities		261,799
Corporate
Available-for-sale: Unrealized Loss
Less than 12 Months	(1,426)	(2,594)
12 Months or More	(2,516)	(1,364)
Total Unrealized Loss of Available-for-sale securities	(3,942)	(3,958)
Available-for-sale: Fair Value
Less than 12 Months	41,224	52,190
12 Months or More	15,449	5,600
Total Fair Value Available-for-sale securities	$ 56,673	$ 57,790

SECURITIES - Sale of debt secur

SECURITIES - Sale of debt securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
SECURITIES
Proceeds from sales	$ 145,844
Gross unrealized losses	$ (1,007)

SECURITIES - Equity securities

SECURITIES - Equity securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Equity Securities - Readily determinable fair value
Equity Securities, Readily determinable fair value, cost	$ 3,142		$ 3,142
Equity Securities, Readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	3		(113)
Equity securities, Readily determinable fair value, Carrying Value	3,145		3,029
Equity Securities - No readily determinable fair value
Equity Securities, No readily determinable fair value, cost	2,283		2,142
Equity Securities, No readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	(303)		(165)
Equity securities: No readily determinable fair value, Carrying Value	1,980		1,977
Upward adjustment on equity securities with no readily determinable fair value	0		$ 0
Proceeds from sale of equity securities	$ 0	$ 0

SECURITIES - Sale and Gain (los

SECURITIES - Sale and Gain (loss) on securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gains (losses) on securities
Realized gains (losses) on sales of securities	$ (1,007)
Net unrealized gains (losses) on equity securities:
Readily determinable fair value	116	$ (187)
No readily determinable fair value	(138)
Gains (losses) on securities	$ (22)	$ (187)

LOANS AND RELATED ALLOWANCE F_3

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Categories of loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,195,540	$ 2,620,253
Allowance for credit losses	(38,776)	(25,333)	$ (24,508)	$ (23,936)
Loans, net of allowance for credit losses	3,156,764	2,594,920
Pledged assets
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, net of allowance for credit losses	996,300	892,100
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	333,013	266,757
Allowance for credit losses	(2,932)	(3,279)	(2,491)	(2,440)
Commercial and industrial \| Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	25	28
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	243,357	237,746
Allowance for credit losses	(2,674)	(796)	(842)	(845)
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	317,103	218,503
Allowance for credit losses	(2,535)	(1,193)	(1,511)	(1,840)
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	854,024	713,202
Allowance for credit losses	(7,840)	(6,721)	(7,014)	(8,145)
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	362,672	287,865
Allowance for credit losses	(2,151)	(1,472)	(1,354)	(1,263)
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	389,142	360,824
Allowance for credit losses	(7,574)	(4,223)	(4,493)	(4,914)
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	482,732	338,253
Allowance for credit losses	(4,165)	(1,759)	(1,583)	(1,311)
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	213,497	197,103
Allowance for credit losses	$ (8,905)	$ (5,890)	$ (5,220)	$ (3,178)

LOANS AND RELATED ALLOWANCE F_4

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Activity in Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	$ 25,333	$ 23,936	$ 23,936
Provision for credit losses	5,101	(584)
PCD allowance established in acquisition	1,247
Charge-offs	(142)	(134)
Recoveries	254	1,290
Financing Receivable, Allowance for Credit Loss, Ending Balance	38,776	24,508	25,333
Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	6,983
PCD allowance established in acquisition			200
Financing Receivable, Allowance for Credit Loss, Ending Balance	6,983		6,983
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	3,279	2,440	2,440
Provision for credit losses	387	(653)
PCD allowance established in acquisition	69
Charge-offs		(5)
Recoveries	19	709
Financing Receivable, Allowance for Credit Loss, Ending Balance	2,932	2,491	3,279
Commercial and industrial \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	(822)
Financing Receivable, Allowance for Credit Loss, Ending Balance	(822)		(822)
Agricultural and farmland
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	796	845	845
Provision for credit losses	305	(3)
PCD allowance established in acquisition	5
Recoveries	1
Financing Receivable, Allowance for Credit Loss, Ending Balance	2,674	842	796
Agricultural and farmland \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,567
Financing Receivable, Allowance for Credit Loss, Ending Balance	1,567		1,567
Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,193	1,840	1,840
Provision for credit losses	619	(429)
PCD allowance established in acquisition	127
Charge-offs	(3)
Recoveries	12	100
Financing Receivable, Allowance for Credit Loss, Ending Balance	2,535	1,511	1,193
Commercial real estate - owner occupied \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	587
Financing Receivable, Allowance for Credit Loss, Ending Balance	587		587
Commercial real estate - non-owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	6,721	8,145	8,145
Provision for credit losses	305	(1,396)
PCD allowance established in acquisition	239
Recoveries	74	265
Financing Receivable, Allowance for Credit Loss, Ending Balance	7,840	7,014	6,721
Commercial real estate - non-owner occupied \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	501
Financing Receivable, Allowance for Credit Loss, Ending Balance	501		501
Multi-family
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,472	1,263	1,263
Provision for credit losses	526	91
PCD allowance established in acquisition	68
Financing Receivable, Allowance for Credit Loss, Ending Balance	2,151	1,354	1,472
Multi-family \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	85
Financing Receivable, Allowance for Credit Loss, Ending Balance	85		85
Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	4,223	4,914	4,914
Provision for credit losses	1,139	(421)
PCD allowance established in acquisition	240
Recoveries	3
Financing Receivable, Allowance for Credit Loss, Ending Balance	7,574	4,493	4,223
Construction and land development \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,969
Financing Receivable, Allowance for Credit Loss, Ending Balance	1,969		1,969
One-to-four family residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,759	1,311	1,311
Provision for credit losses	1,081	120
PCD allowance established in acquisition	492
Charge-offs	(22)	(2)
Recoveries	58	154
Financing Receivable, Allowance for Credit Loss, Ending Balance	4,165	1,583	1,759
One-to-four family residential \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	797
Financing Receivable, Allowance for Credit Loss, Ending Balance	797		797
Municipal, consumer, and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	5,890	3,178	3,178
Provision for credit losses	739	2,107
PCD allowance established in acquisition	7
Charge-offs	(117)	(127)
Recoveries	87	62
Financing Receivable, Allowance for Credit Loss, Ending Balance	8,905	$ 5,220	5,890
Municipal, consumer, and other \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	2,299
Financing Receivable, Allowance for Credit Loss, Ending Balance	$ 2,299		$ 2,299

LOANS AND RELATED ALLOWANCE F_5

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Gross Chargeoffs by Origination Year (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Gross write-offs, 2023	$ 35
Gross write-offs, 2022	56
Gross write-offs, 2020	9
Gross write-offs, 2019	1
Gross write-offs, Prior	21
Gross write-offs, Revolving loans	20
Gross charge-offs	142	$ 134
Commercial and industrial
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Gross charge-offs		5
Commercial real estate - owner occupied
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Gross write-offs, 2022	3
Gross charge-offs	3
One-to-four family residential
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Gross write-offs, 2019	1
Gross write-offs, Prior	21
Gross charge-offs	22	2
Municipal, consumer, and other
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Gross write-offs, 2023	35
Gross write-offs, 2022	53
Gross write-offs, 2020	9
Gross write-offs, Revolving loans	20
Gross charge-offs	$ 117	$ 127

LOANS AND RELATED ALLOWANCE F_6

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Recorded investments in loans and the allowance for loan losses (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,195,540	$ 2,620,253
Allowance for credit loss	38,776	25,333	$ 24,508	$ 23,936
Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,145,279	2,527,562
Allowance for credit loss	32,653	18,984
Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	50,261	71,715
Allowance for credit loss	6,123	6,320
Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		20,976
Allowance for credit loss		29
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	333,013	266,757
Allowance for credit loss	2,932	3,279	2,491	2,440
Commercial and industrial \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	332,878	261,833
Allowance for credit loss	2,932	3,121
Commercial and industrial \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	135	4,818
Allowance for credit loss		158
Commercial and industrial \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		106
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	243,357	237,746
Allowance for credit loss	2,674	796	842	845
Agricultural and farmland \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	243,357	233,118
Allowance for credit loss	2,674	796
Agricultural and farmland \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		4,033
Agricultural and farmland \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		595
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	317,103	218,503
Allowance for credit loss	2,535	1,193	1,511	1,840
Commercial real estate - owner occupied \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	316,652	203,558
Allowance for credit loss	2,524	1,008
Commercial real estate - owner occupied \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	451	11,366
Allowance for credit loss	11	168
Commercial real estate - owner occupied \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		3,579
Allowance for credit loss		17
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	854,024	713,202
Allowance for credit loss	7,840	6,721	7,014	8,145
Commercial real estate - non-owner occupied \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	827,220	671,663
Allowance for credit loss	5,747	4,332
Commercial real estate - non-owner occupied \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	26,804	30,509
Allowance for credit loss	2,093	2,388
Commercial real estate - non-owner occupied \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		11,030
Allowance for credit loss		1
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	362,672	287,865
Allowance for credit loss	2,151	1,472	1,354	1,263
Multi-family \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	361,636	287,298
Allowance for credit loss	2,151	1,470
Multi-family \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,036
Multi-family \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		567
Allowance for credit loss		2
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	389,142	360,824
Allowance for credit loss	7,574	4,223	4,493	4,914
Construction and land development \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	388,904	359,892
Allowance for credit loss	7,574	4,221
Construction and land development \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	238	82
Construction and land development \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		850
Allowance for credit loss		2
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	482,732	338,253
Allowance for credit loss	4,165	1,759	1,583	1,311
One-to-four family residential \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	477,893	325,621
Allowance for credit loss	3,718	1,709
One-to-four family residential \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	4,839	8,399
Allowance for credit loss	447	44
One-to-four family residential \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		4,233
Allowance for credit loss		6
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	213,497	197,103
Allowance for credit loss	8,905	5,890	$ 5,220	$ 3,178
Municipal, consumer, and other \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	196,739	184,579
Allowance for credit loss	5,333	2,327
Municipal, consumer, and other \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	16,758	12,508
Allowance for credit loss	$ 3,572	3,562
Municipal, consumer, and other \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		16
Allowance for credit loss		$ 1

LOANS AND RELATED ALLOWANCE F_7

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Amortized cost of collateralized loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	$ 3,195,540	$ 2,620,253
Allowance for credit loss	38,776	25,333	$ 24,508	$ 23,936
Accrued interest excluded from estimate of credit losses	13,800
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	50,039
Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	52
Other primary collateral
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	170
Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	50,261
Allowance for credit loss	6,123
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	333,013	266,757
Allowance for credit loss	2,932	3,279	2,491	2,440
Commercial and industrial \| Other primary collateral
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	135
Commercial and industrial \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	135
Agricultural and farmland
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	243,357	237,746
Allowance for credit loss	2,674	796	842	845
Commercial real estate - owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	317,103	218,503
Allowance for credit loss	2,535	1,193	1,511	1,840
Commercial real estate - owner occupied \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	451
Commercial real estate - owner occupied \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	451
Allowance for credit loss	11
Commercial real estate - non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	854,024	713,202
Allowance for credit loss	7,840	6,721	7,014	8,145
Commercial real estate - non-owner occupied \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	26,804
Commercial real estate - non-owner occupied \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	26,804
Allowance for credit loss	2,093
Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	362,672	287,865
Allowance for credit loss	2,151	1,472	1,354	1,263
Multi-family \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	1,036
Multi-family \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	1,036
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	389,142	360,824
Allowance for credit loss	7,574	4,223	4,493	4,914
Construction and land development \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	238
Construction and land development \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	238
One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	482,732	338,253
Allowance for credit loss	4,165	1,759	1,583	1,311
One-to-four family residential \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	4,839
One-to-four family residential \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	4,839
Allowance for credit loss	447
Municipal, consumer, and other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	213,497	197,103
Allowance for credit loss	8,905	$ 5,890	$ 5,220	$ 3,178
Municipal, consumer, and other \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	16,671
Municipal, consumer, and other \| Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	52
Municipal, consumer, and other \| Other primary collateral
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	35
Municipal, consumer, and other \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	16,758
Allowance for credit loss	$ 3,572

LOANS AND RELATED ALLOWANCE F_8

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Individually evaluated for impairment by category of loans PREADOPTION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2022
Unpaid Principal Balance
With an allowance recorded		$ 23,893
With no related allowance		49,926
Total loans individually evaluated for impairment		73,819
Recorded Investment
With an allowance recorded		23,780
With no related allowance		47,935
Total loans individually evaluated for impairment		71,715
Related Allowance		6,320
Average Recorded Investment
With an allowance recorded	$ 26,727
With no related allowance	61,545
Total loans individually evaluated for impairment	88,272
Interest Income Recognized
With an allowance recorded	267
With no related allowance	604
Total loans individually evaluated for impairment	871
Commercial and industrial
Unpaid Principal Balance
With an allowance recorded		268
With no related allowance		4,564
Total loans individually evaluated for impairment		4,832
Recorded Investment
With an allowance recorded		254
With no related allowance		4,564
Total loans individually evaluated for impairment		4,818
Related Allowance		158
Average Recorded Investment
With an allowance recorded	292
With no related allowance	19,498
Total loans individually evaluated for impairment	19,790
Interest Income Recognized
With an allowance recorded	4
With no related allowance	200
Total loans individually evaluated for impairment	204
Commercial real estate - owner occupied
Unpaid Principal Balance
With an allowance recorded		635
With no related allowance		10,912
Total loans individually evaluated for impairment		11,547
Recorded Investment
With an allowance recorded		610
With no related allowance		10,756
Total loans individually evaluated for impairment		11,366
Related Allowance		168
Average Recorded Investment
With an allowance recorded	2,425
With no related allowance	11,028
Total loans individually evaluated for impairment	13,453
Interest Income Recognized
With an allowance recorded	33
With no related allowance	106
Total loans individually evaluated for impairment	139
Commercial real estate - non-owner occupied
Unpaid Principal Balance
With an allowance recorded		14,269
With no related allowance		16,327
Total loans individually evaluated for impairment		30,596
Recorded Investment
With an allowance recorded		14,261
With no related allowance		16,248
Total loans individually evaluated for impairment		30,509
Related Allowance		2,388
Average Recorded Investment
With an allowance recorded	14,854
With no related allowance	15,495
Total loans individually evaluated for impairment	30,349
Interest Income Recognized
With an allowance recorded	186
With no related allowance	198
Total loans individually evaluated for impairment	384
Construction and land development
Unpaid Principal Balance
With no related allowance		92
Total loans individually evaluated for impairment		92
Recorded Investment
With no related allowance		82
Total loans individually evaluated for impairment		82
Average Recorded Investment
With no related allowance	2,016
Total loans individually evaluated for impairment	2,016
Interest Income Recognized
With no related allowance	22
Total loans individually evaluated for impairment	22
One-to-four family residential
Unpaid Principal Balance
With an allowance recorded		569
With no related allowance		9,181
Total loans individually evaluated for impairment		9,750
Recorded Investment
With an allowance recorded		524
With no related allowance		7,875
Total loans individually evaluated for impairment		8,399
Related Allowance		44
Average Recorded Investment
With an allowance recorded	647
With no related allowance	8,728
Total loans individually evaluated for impairment	9,375
Interest Income Recognized
With an allowance recorded	5
With no related allowance	57
Total loans individually evaluated for impairment	62
Agricultural and farmland
Unpaid Principal Balance
With no related allowance		4,440
Total loans individually evaluated for impairment		4,440
Recorded Investment
With no related allowance		4,033
Total loans individually evaluated for impairment		4,033
Average Recorded Investment
With no related allowance	236
Total loans individually evaluated for impairment	236
Municipal, consumer, and other
Unpaid Principal Balance
With an allowance recorded		8,152
With no related allowance		4,410
Total loans individually evaluated for impairment		12,562
Recorded Investment
With an allowance recorded		8,131
With no related allowance		4,377
Total loans individually evaluated for impairment		12,508
Related Allowance		$ 3,562
Average Recorded Investment
With an allowance recorded	8,509
With no related allowance	4,544
Total loans individually evaluated for impairment	13,053
Interest Income Recognized
With an allowance recorded	39
With no related allowance	21
Total loans individually evaluated for impairment	$ 60

LOANS AND RELATED ALLOWANCE F_9

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Accretable Yield For Loans PREADOPTION (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Changes in accretable yield for loans acquired with deteriorated credit quality
Beginning balance	$ 413
Reclassification from non-accretable difference	117
Accretion income	(46)
Ending balance	$ 484

LOANS AND RELATED ALLOWANCE _10

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Past Due Status (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	$ 6,508,000	$ 2,155,000
Loans, before allowance for credit losses	3,195,540,000	2,620,253,000
Internal Review Threshold	750,000
Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,471,000	1,346,000
Current \| 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	10,000	146,000
Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,185,551,000	2,616,606,000
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	135,000	219,000
Loans, before allowance for credit losses	333,013,000	266,757,000
Commercial and industrial \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	137,000	17,000
Commercial and industrial \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	332,741,000	266,521,000
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	243,357,000	237,746,000
Agricultural and farmland \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		19,000
Agricultural and farmland \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	243,357,000	237,727,000
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	452,000	74,000
Loans, before allowance for credit losses	317,103,000	218,503,000
Commercial real estate - owner occupied \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		187,000
Commercial real estate - owner occupied \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	316,651,000	218,242,000
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	390,000	171,000
Loans, before allowance for credit losses	854,024,000	713,202,000
Commercial real estate - non-owner occupied \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	853,634,000	713,031,000
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	1,036,000
Loans, before allowance for credit losses	362,672,000	287,865,000
Multi-family \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		11,000
Multi-family \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	361,636,000	287,854,000
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	238,000
Loans, before allowance for credit losses	389,142,000	360,824,000
Construction and land development \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	127,000	61,000
Construction and land development \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	388,777,000	360,763,000
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	4,169,000	1,638,000
Loans, before allowance for credit losses	482,732,000	338,253,000
One-to-four family residential \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,059,000	894,000
One-to-four family residential \| Current \| 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses		145,000
One-to-four family residential \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	475,504,000	335,576,000
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	88,000	53,000
Loans, before allowance for credit losses	213,497,000	197,103,000
Municipal, consumer, and other \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	148,000	157,000
Municipal, consumer, and other \| Current \| 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	10,000	1,000
Municipal, consumer, and other \| Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 213,251,000	$ 196,892,000

LOANS AND RELATED ALLOWANCE _11

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Assigned Risk Ratings (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,195,540	$ 2,620,253
Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,030,791	2,479,488
Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	72,047	66,934
Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	92,702	73,831
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	333,013	266,757
Commercial and industrial \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	315,892	255,309
Commercial and industrial \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	4,793	6,630
Commercial and industrial \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	12,328	4,818
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	243,357	237,746
Agricultural and farmland \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	231,171	223,114
Agricultural and farmland \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	8,000	10,004
Agricultural and farmland \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	4,186	4,628
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	317,103	218,503
Commercial real estate - owner occupied \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	289,875	198,546
Commercial real estate - owner occupied \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	16,520	10,105
Commercial real estate - owner occupied \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	10,708	9,852
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	854,024	713,202
Commercial real estate - non-owner occupied \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	788,300	652,691
Commercial real estate - non-owner occupied \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	29,253	27,282
Commercial real estate - non-owner occupied \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	36,471	33,229
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	362,672	287,865
Multi-family \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	358,538	283,682
Multi-family \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,098	4,183
Multi-family \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,036
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	389,142	360,824
Construction and land development \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	387,057	358,215
Construction and land development \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,759	2,527
Construction and land development \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	326	82
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	482,732	338,253
One-to-four family residential \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	464,444	323,632
One-to-four family residential \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	7,544	5,907
One-to-four family residential \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	10,744	8,714
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	213,497	197,103
Municipal, consumer, and other \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	195,514	184,299
Municipal, consumer, and other \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,080	296
Municipal, consumer, and other \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 16,903	$ 12,508

LOANS AND RELATED ALLOWANCE _12

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Non-accrual loans (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	$ 732
Nonaccrual With No Allowance for Credit Losses	5,776
Total Nonaccrual	6,508
Commercial and industrial
Financing receivable, nonaccrual
Nonaccrual With No Allowance for Credit Losses	135
Total Nonaccrual	135
Commercial real estate - owner occupied
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	75
Nonaccrual With No Allowance for Credit Losses	377
Total Nonaccrual	452
Commercial real estate - non-owner occupied
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	219
Nonaccrual With No Allowance for Credit Losses	171
Total Nonaccrual	390
Multi-family
Financing receivable, nonaccrual
Nonaccrual With No Allowance for Credit Losses	1,036
Total Nonaccrual	1,036
Construction and land development
Financing receivable, nonaccrual
Nonaccrual With No Allowance for Credit Losses	238
Total Nonaccrual	238
One-to-four family residential
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	386
Nonaccrual With No Allowance for Credit Losses	3,783
Total Nonaccrual	4,169
Municipal, consumer, and other
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	52
Nonaccrual With No Allowance for Credit Losses	36
Total Nonaccrual	$ 88

LOANS AND RELATED ALLOWANCE _13

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Loans risk-rated by origination year (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	$ 181,664
2022	902,526
2021	732,456
2020	417,489
2019	233,680
Prior	323,843
Revolving Loans	375,236
Revolving Loans Converted to Term	28,646
Financing Receivable, before Allowance for Credit Loss, Total	3,195,540	$ 2,620,253
Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	165,628
2022	889,627
2021	717,321
2020	410,330
2019	212,834
Prior	269,845
Revolving Loans	345,218
Revolving Loans Converted to Term	19,988
Financing Receivable, before Allowance for Credit Loss, Total	3,030,791	2,479,488
Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	3,506
2022	8,262
2021	10,929
2020	2,464
2019	9,989
Prior	15,070
Revolving Loans	20,954
Revolving Loans Converted to Term	873
Financing Receivable, before Allowance for Credit Loss, Total	72,047	66,934
Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12,530
2022	4,637
2021	4,206
2020	4,695
2019	10,857
Prior	38,928
Revolving Loans	9,064
Revolving Loans Converted to Term	7,785
Financing Receivable, before Allowance for Credit Loss, Total	92,702	73,831
Commercial and industrial
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,967
2022	65,700
2021	30,676
2020	34,612
2019	9,313
Prior	16,029
Revolving Loans	159,686
Revolving Loans Converted to Term	7,030
Financing Receivable, before Allowance for Credit Loss, Total	333,013	266,757
Commercial and industrial \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,832
2022	65,070
2021	30,388
2020	34,196
2019	8,452
Prior	15,757
Revolving Loans	150,357
Revolving Loans Converted to Term	1,840
Financing Receivable, before Allowance for Credit Loss, Total	315,892	255,309
Commercial and industrial \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	123
2022	523
2021	288
2020	366
2019	861
Prior	218
Revolving Loans	1,807
Revolving Loans Converted to Term	607
Financing Receivable, before Allowance for Credit Loss, Total	4,793	6,630
Commercial and industrial \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12
2022	107
2020	50
Prior	54
Revolving Loans	7,522
Revolving Loans Converted to Term	4,583
Financing Receivable, before Allowance for Credit Loss, Total	12,328	4,818
Agricultural and farmland
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	15,148
2022	43,841
2021	40,038
2020	45,694
2019	9,970
Prior	11,519
Revolving Loans	67,949
Revolving Loans Converted to Term	9,198
Financing Receivable, before Allowance for Credit Loss, Total	243,357	237,746
Agricultural and farmland \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12,841
2022	41,470
2021	39,924
2020	41,320
2019	9,494
Prior	10,545
Revolving Loans	66,379
Revolving Loans Converted to Term	9,198
Financing Receivable, before Allowance for Credit Loss, Total	231,171	223,114
Agricultural and farmland \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,307
2022	2,371
2021	97
2020	1,062
2019	211
Prior	382
Revolving Loans	1,570
Financing Receivable, before Allowance for Credit Loss, Total	8,000	10,004
Agricultural and farmland \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2021	17
2020	3,312
2019	265
Prior	592
Financing Receivable, before Allowance for Credit Loss, Total	4,186	4,628
Commercial real estate - owner occupied
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,068
2022	71,227
2021	70,041
2020	62,386
2019	40,311
Prior	45,912
Revolving Loans	18,158
Financing Receivable, before Allowance for Credit Loss, Total	317,103	218,503
Commercial real estate - owner occupied \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	8,384
2022	66,985
2021	63,754
2020	61,743
2019	35,222
Prior	39,497
Revolving Loans	14,290
Financing Receivable, before Allowance for Credit Loss, Total	289,875	198,546
Commercial real estate - owner occupied \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	684
2022	2,401
2021	2,804
2020	373
2019	5,089
Prior	2,795
Revolving Loans	2,374
Financing Receivable, before Allowance for Credit Loss, Total	16,520	10,105
Commercial real estate - owner occupied \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2022	1,841
2021	3,483
2020	270
Prior	3,620
Revolving Loans	1,494
Financing Receivable, before Allowance for Credit Loss, Total	10,708	9,852
Commercial real estate - non-owner occupied
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	42,335
2022	226,371
2021	275,145
2020	105,906
2019	104,929
Prior	72,019
Revolving Loans	23,304
Revolving Loans Converted to Term	4,015
Financing Receivable, before Allowance for Credit Loss, Total	854,024	713,202
Commercial real estate - non-owner occupied \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	29,617
2022	225,057
2021	268,322
2020	105,503
2019	92,546
Prior	53,639
Revolving Loans	9,772
Revolving Loans Converted to Term	3,844
Financing Receivable, before Allowance for Credit Loss, Total	788,300	652,691
Commercial real estate - non-owner occupied \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	289
2022	1,186
2021	6,823
2020	155
2019	2,872
Prior	4,396
Revolving Loans	13,532
Financing Receivable, before Allowance for Credit Loss, Total	29,253	27,282
Commercial real estate - non-owner occupied \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12,429
2022	128
2020	248
2019	9,511
Prior	13,984
Revolving Loans Converted to Term	171
Financing Receivable, before Allowance for Credit Loss, Total	36,471	33,229
Multi-family
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	26,271
2022	77,106
2021	112,067
2020	73,568
2019	33,241
Prior	33,729
Revolving Loans	6,435
Revolving Loans Converted to Term	255
Financing Receivable, before Allowance for Credit Loss, Total	362,672	287,865
Multi-family \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	26,271
2022	76,239
2021	111,750
2020	73,568
2019	32,623
Prior	31,406
Revolving Loans	6,435
Revolving Loans Converted to Term	246
Financing Receivable, before Allowance for Credit Loss, Total	358,538	283,682
Multi-family \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2022	867
2021	317
2019	62
Prior	1,843
Revolving Loans Converted to Term	9
Financing Receivable, before Allowance for Credit Loss, Total	3,098	4,183
Multi-family \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2019	556
Prior	480
Financing Receivable, before Allowance for Credit Loss, Total	1,036
Construction and land development
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	28,833
2022	250,925
2021	73,087
2020	5,311
2019	3,159
Prior	2,502
Revolving Loans	24,814
Revolving Loans Converted to Term	511
Financing Receivable, before Allowance for Credit Loss, Total	389,142	360,824
Construction and land development \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	28,833
2022	250,925
2021	73,087
2020	5,311
2019	3,159
Prior	1,872
Revolving Loans	23,359
Revolving Loans Converted to Term	511
Financing Receivable, before Allowance for Credit Loss, Total	387,057	358,215
Construction and land development \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	312
Revolving Loans	1,447
Financing Receivable, before Allowance for Credit Loss, Total	1,759	2,527
Construction and land development \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	318
Revolving Loans	8
Financing Receivable, before Allowance for Credit Loss, Total	326	82
One-to-four family residential
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	40,600
2022	96,009
2021	97,311
2020	74,687
2019	27,371
Prior	79,349
Revolving Loans	59,770
Revolving Loans Converted to Term	7,635
Financing Receivable, before Allowance for Credit Loss, Total	482,732	338,253
One-to-four family residential \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	40,422
2022	92,760
2021	96,041
2020	73,385
2019	26,003
Prior	71,976
Revolving Loans	59,510
Revolving Loans Converted to Term	4,347
Financing Receivable, before Allowance for Credit Loss, Total	464,444	323,632
One-to-four family residential \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	103
2022	802
2021	573
2020	487
2019	894
Prior	4,204
Revolving Loans	224
Revolving Loans Converted to Term	257
Financing Receivable, before Allowance for Credit Loss, Total	7,544	5,907
One-to-four family residential \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	75
2022	2,447
2021	697
2020	815
2019	474
Prior	3,169
Revolving Loans	36
Revolving Loans Converted to Term	3,031
Financing Receivable, before Allowance for Credit Loss, Total	10,744	8,714
Municipal, consumer, and other
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,442
2022	71,347
2021	34,091
2020	15,325
2019	5,386
Prior	62,784
Revolving Loans	15,120
Revolving Loans Converted to Term	2
Financing Receivable, before Allowance for Credit Loss, Total	213,497	197,103
Municipal, consumer, and other \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	9,428
2022	71,121
2021	34,055
2020	15,304
2019	5,335
Prior	45,153
Revolving Loans	15,116
Revolving Loans Converted to Term	2
Financing Receivable, before Allowance for Credit Loss, Total	195,514	184,299
Municipal, consumer, and other \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2022	112
2021	27
2020	21
Prior	920
Financing Receivable, before Allowance for Credit Loss, Total	1,080	296
Municipal, consumer, and other \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	14
2022	114
2021	9
2019	51
Prior	16,711
Revolving Loans	4
Financing Receivable, before Allowance for Credit Loss, Total	$ 16,903	$ 12,508

LOANS AND RELATED ALLOWANCE _14

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Troubled Debt Restructurings, Pledged loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) loan	Mar. 31, 2022 loan	Dec. 31, 2022 USD ($)
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans \| loan	0	0
Troubled debt restructurings			$ 3,000
Loans	$ 3,156,764		2,594,920
Pledged assets
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans	$ 996,300		$ 892,100

LOAN SERVICING - Mortgage Servi

LOAN SERVICING - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance	$ 10,147
Ending balance	19,992		$ 10,147
Mortgage Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance	10,147	$ 7,994	7,994
Acquired	10,469
Capitalized servicing rights	129	171
Attributable to payments and principal reductions	(431)	(307)
Attributable to changes in valuation inputs and assumptions	(322)	1,865
Total fair value adjustment	(753)	1,558
Ending balance	19,992	$ 9,723	10,147
Mortgage loans serviced for others	$ 1,760,000		$ 955,800

FORECLOSED ASSETS - Activity (D

FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
FORECLOSED ASSETS
Beginning balance	$ 3,030	$ 3,278
Acquired	271
Transfers from loans	105	19
Proceeds from sales	(40)	(294)
Net gain on sales	20	105
Direct write-downs	(30)	(65)
Ending balance	$ 3,356	$ 3,043

FORECLOSED ASSETS - Gains (loss

FORECLOSED ASSETS - Gains (losses) on Foreclosed Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
FORECLOSED ASSETS
Direct write-downs	$ (30)	$ (65)
Net gain on sales	20	105
Gains (losses) on foreclosed assets	$ (10)	$ 40

FORECLOSED ASSETS - Additional

FORECLOSED ASSETS - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 3,356	$ 3,030	$ 3,043	$ 3,278
One-to-four family residential real estate property
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 300	$ 20
Number of loans in the process of foreclosure \| loan	14	4
Loan amount in the process of foreclosure	$ 1,100	$ 200

DEPOSITS - Interest bearing Dep

DEPOSITS - Interest bearing Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
DEPOSITS
Noninterest-bearing deposits	$ 1,218,888	$ 994,954
Interest-bearing demand	1,270,454	1,139,150
Money market	662,088	555,425
Savings	738,719	634,527
Time	420,372	262,968
Total interest-bearing deposits	3,091,633	2,592,070
Total deposits	$ 4,310,521	$ 3,587,024

DEPOSITS - Interest bearing D_2

DEPOSITS - Interest bearing Deposits - Narrative (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
DEPOSITS
Brokered deposits	$ 0	$ 0
Reciprocal transaction deposits, Interest bearing demand deposits	40,400
Reciprocal transaction deposits, Money market deposits	10,100	1,700
Reciprocal transaction deposits, Time deposits	45,500	1,600
Time deposits in denominations of $250,000 or more	59,800	27,200
Time deposits in denominations of $100,000 or more	$ 202,300	$ 92,600

DEPOSITS - Interest expense on

DEPOSITS - Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
DEPOSITS
Interest-bearing demand	$ 458	$ 142
Money market	935	121
Savings	178	50
Time	803	256
Total interest expense on deposits	$ 2,374	$ 569

JUNIOR SUBORDINATED DEBENTURE_3

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Carrying Values (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)
SUBORDINATED NOTES
Number of subsidiary business trusts \| item	8
Junior subordinated debentures	$ 52,746	$ 37,780
Town and Country
SUBORDINATED NOTES
Number of subsidiary business trusts acquired \| item	3
Junior Subordinated Debentures Issued
SUBORDINATED NOTES
Subordinated notes, at face value	$ 53,714
Junior subordinated debentures	52,746	37,780
Junior Subordinated Debentures Issued \| Heartland Bancorp, Inc. Capital Trust B
SUBORDINATED NOTES
Subordinated notes, at face value	10,310
Junior subordinated debentures	10,310	10,310
Junior Subordinated Debentures Issued \| Heartland Bancorp, Inc. Capital Trust C
SUBORDINATED NOTES
Subordinated notes, at face value	10,310
Junior subordinated debentures	10,310	10,310
Junior Subordinated Debentures Issued \| Heartland Bancorp, Inc. Capital Trust D
SUBORDINATED NOTES
Subordinated notes, at face value	5,155
Junior subordinated debentures	5,155	5,155
Junior Subordinated Debentures Issued \| FFBI Capital Trust I
SUBORDINATED NOTES
Subordinated notes, at face value	7,217
Junior subordinated debentures	7,217	7,217
Junior Subordinated Debentures Issued \| National Bancorp Statutory Trust I
SUBORDINATED NOTES
Subordinated notes, at face value	5,773
Junior subordinated debentures	4,804	$ 4,788
Junior Subordinated Debentures Issued \| Town And Country Statutory Trust II [Member]
SUBORDINATED NOTES
Subordinated notes, at face value	4,124
Junior subordinated debentures	4,426
Junior Subordinated Debentures Issued \| Town And Country Statutory Trust III [Member]
SUBORDINATED NOTES
Subordinated notes, at face value	7,732
Junior subordinated debentures	7,568
Junior Subordinated Debentures Issued \| WPI Statutory Trust I [Member]
SUBORDINATED NOTES
Subordinated notes, at face value	3,093
Junior subordinated debentures	$ 2,956

JUNIOR SUBORDINATED DEBENTURE_4

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Interest rate and maturities (Details)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Heartland Bancorp, Inc. Capital Trust B
SUBORDINATED NOTES
Spread on interest rate basis	2.75%
Interest Rate	7.58%	6.83%
Heartland Bancorp, Inc. Capital Trust C
SUBORDINATED NOTES
Spread on interest rate basis	1.53%
Interest Rate	6.40%	6.30%
Heartland Bancorp, Inc. Capital Trust D
SUBORDINATED NOTES
Spread on interest rate basis	1.35%
Interest Rate	6.22%	6.12%
FFBI Capital Trust I
SUBORDINATED NOTES
Spread on interest rate basis	2.80%
Interest Rate	7.63%	6.88%
National Bancorp Statutory Trust I
SUBORDINATED NOTES
Spread on interest rate basis	2.90%
Interest Rate	7.77%	7.67%
Town And Country Statutory Trust II [Member]
SUBORDINATED NOTES
Spread on interest rate basis	2.79%
Interest Rate	7.70%
Town And Country Statutory Trust III [Member]
SUBORDINATED NOTES
Spread on interest rate basis	1.68%
Interest Rate	6.55%
WPI Statutory Trust I [Member]
SUBORDINATED NOTES
Spread on interest rate basis	1.45%
Interest Rate	6.32%

JUNIOR SUBORDINATED DEBENTURE_5

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Narrative (Details) - period	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS
Maximum deferred interest period quarters	20
Period shorten the maturity date from the event	90 days
Trust preferred securities qualified as Tier 1 capital	100%	100%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Cash pledged	$ 0.6	$ 0.6
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 - Other assets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Fair value recorded in other assets	$ 495	$ 629
Derivative asset notional amount	$ 17,000	$ 17,000

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts designated as cash flow hedges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flow hedge \| Subordinated debentures interest expense
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income (loss)	$ 94	$ (96)

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
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Gross gains	$ 2,737	$ 5,413
Derivative, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Gross losses	$ (2,737)	$ (5,413)
Derivative, Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Other assets
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	$ 119,605		$ 106,995
Derivative financial assets fair value	7,089		6,981
Other assets \| Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	119,605		106,995
Derivative financial assets fair value	7,089		6,981
Other liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	119,605		106,995
Derivative financial liabilities fair value	(7,089)		(6,981)
Other liabilities \| Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	119,605		106,995
Derivative financial liabilities fair value	$ (7,089)		$ (6,981)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	$ 373,632	$ 411,881
Other comprehensive income (loss), before tax	13,406	(52,551)
Income tax expense (benefit)	3,822	(14,980)
Other comprehensive income (loss), after tax	9,584	(37,571)
Balance	450,098	383,155
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(71,759)	1,471
Other comprehensive income (loss) before reclassifications	11,403	(52,828)
Reclassifications	2,003	277
Other comprehensive income (loss), before tax	13,406	(52,551)
Income tax expense (benefit)	3,822	(14,980)
Other comprehensive income (loss), after tax	9,584	(37,571)
Balance	(62,175)	(36,100)
Unrealized gains (losses) on available-for-sale securities
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(61,998)	5,736
Transfer from available-for-sale to held-to-maturity		7,664
Other comprehensive income (loss) before reclassifications	11,443	(53,422)
Reclassifications	1,607
Other comprehensive income (loss), before tax	13,050	(53,422)
Income tax expense (benefit)	3,720	(15,228)
Other comprehensive income (loss), after tax	9,330	(38,194)
Balance	(52,668)	(24,794)
Unrealized gains (losses) on held-to-maturity securities
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(9,946)	(3,514)
Transfer from available-for-sale to held-to-maturity		(7,664)
Reclassifications	490	181
Other comprehensive income (loss), before tax	490	181
Income tax expense (benefit)	140	51
Other comprehensive income (loss), after tax	350	130
Balance	(9,596)	(11,048)
Derivatives
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	185	(751)
Other comprehensive income (loss) before reclassifications	(40)	594
Reclassifications	(94)	96
Other comprehensive income (loss), before tax	(134)	690
Income tax expense (benefit)	(38)	197
Other comprehensive income (loss), after tax	(96)	493
Balance	89	$ (258)
Cumulative Effect, Period of Adoption, Adjustment [Member]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	$ (6,922)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net income	$ 9,208	$ 13,604
Earnings allocated to participating securities	(5)	(17)
Numerator for earnings per share - basic	9,203	13,587
Numerator for earnings per share - diluted	$ 9,203	$ 13,587
Denominator:
Weighted average common shares outstanding	30,977,204	28,986,593
Dilutive effect of outstanding restricted stock units	69,947	43,646
Weighted average common shares outstanding, including all dilutive potential shares	31,047,151	29,030,239
Earnings per share - Basic	$ 0.30	$ 0.47
Earnings per share - Diluted	$ 0.30	$ 0.47

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details) $ in Thousands	1 Months Ended	3 Months Ended
STOCK-BASED COMPENSATION PLANS (Details) $ in Thousands	Feb. 28, 2022	Mar. 31, 2023 USD ($) item installment	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Oct. 09, 2019 shares
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		$ 518	$ 878
Vesting percentage of unvested restricted stock units and performance restricted stock units, if retirement eligibility requirements are met	100%
Accelerated stock-based compensation expense		600
Restricted Stock Units
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		$ 277	608
Number of shares participant is entitled to receive \| item		1
Fair value of units granted		$ 1,000	900
Intrinsic value of restricted stock units		1,100	700
Unrecognized compensation cost related to non-vested stock-based compensation agreements		$ 1,900
Weighted average remaining service period		2 years
Performance Shares
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		$ 240	293
Unrecognized compensation cost related to non-vested stock-based compensation agreements		$ 600
Weighted average remaining service period		1 year 9 months 18 days
Performance Shares \| Key employees
STOCK-BASED COMPENSATION PLANS
Fair value of units granted		$ 400	500
Performance Shares \| Minimum
STOCK-BASED COMPENSATION PLANS
Percentage of the number of units granted that may be earned		0%
Performance Shares \| Maximum
STOCK-BASED COMPENSATION PLANS
Percentage of the number of units granted that may be earned		150%
Total awards classified as equity
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		$ 517	901
Stock Appreciation Rights
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		$ 1	$ (23)
Vesting period		4 years
Unrecognized compensation cost related to non-vested stock-based compensation agreements		$ 17
Stock appreciation rights plan liability recorded for the outstanding units		500		$ 500
Stock appreciation rights plan liability recorded for the previously exercised units		$ 200		$ 500
Number of installments in which the liability recorded for previously exercised units will be paid \| installment		1
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
	Mar. 31, 2023	Mar. 31, 2022
Restricted Stock Units
Stock-based compensation plans
Outstanding (in units)	139,986	109,244
Granted (in units)	41,847	46,312
Exercised (in units)	(51,693)	(34,925)
Forfeited (in units)	(718)
Outstanding (in units)	129,422	120,631
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 18.01	$ 17.27
Granted (in dollars per unit)	22.72	19.11
Exercised (in dollars per unit)	17.91	17.26
Forfeited (in dollars per unit)	16.58
Outstanding (in dollars per unit)	$ 19.58	$ 17.98
Performance Shares
Stock-based compensation plans
Outstanding (in units)	62,067	38,344
Granted (in units)	17,030	23,723
Outstanding (in units)	79,097	62,067
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 17.02	$ 15.72
Granted (in dollars per unit)	22.72	19.14
Outstanding (in dollars per unit)	$ 18.25	$ 17.02
Stock Appreciation Rights
Stock-based compensation plans
Outstanding (in units)	73,440	97,920
Exercised (in units)		(6,120)
Outstanding (in units)	73,440	91,800
Exercisable (in shares)	67,320
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 16.32	$ 16.32
Exercised (in dollars per unit)		16.32
Outstanding (in dollars per unit)	$ 16.32	$ 16.32
Weighted average remaining contractual term	6 years 4 months 24 days

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS - Summary of assumptions used (Details) - Stock Appreciation Rights	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	3.57%	3.95%
Expected volatility	37.14%	36.54%
Expected life (in years)	6 years 4 months 24 days	6 years 8 months 12 days
Expected dividend yield	3.45%	3.27%

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
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	$ 560,249	$ 489,316
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	298,729	253,643
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	373,411	317,054
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	526,727	463,983
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	224,047	190,233
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	298,729	253,643
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	526,727	463,983
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	168,035	142,674
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	242,717	206,085
Tier 1 Capital (to Average Assets), Actual Amount	526,727	463,983
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	190,973	172,240
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 238,716	$ 215,300
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1500	0.1543
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)	0.1411	0.1463
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)	0.1411%	0.1463%
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)	0.1103	0.1078
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	$ 565,048	$ 516,556
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	299,236	254,052
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	492,111	451,828
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	224,427	190,539
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	440,979	415,213
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	168,320	142,904
Tier 1 Capital (to Average Assets), Actual Amount	492,111	451,828
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	$ 191,227	$ 172,427
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1511	0.1627
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)	0.1316	0.1423
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)	0.1179%	0.1307%
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)	0.1029	0.1048
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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	$ 3,145		$ 3,029
Mortgage servicing rights, at fair value	19,992		10,147
Transfer of assets from level 1 to level 2	0	$ 0
Transfer of assets from level 2 to level 1	0	0
Transfer of assets in to level 3	0	0
Transfer of assets out of level 3	0	0
Transfer of liabilities from level 1 to level 2	0	0
Transfer of liabilities from level 2 to level 1	0	0
Transfer of liabilities in to level 3	0	0
Transfer of liabilities out of level 3	0	$ 0
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,145		3,029
Mortgage servicing rights, at fair value	19,992		10,147
Derivative financial assets fair value	7,584		7,610
Derivative financial liabilities fair value	7,089		6,981
Recurring \| U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	157,020		154,515
Recurring \| U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	53,698		55,157
Recurring \| Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	248,884		243,829
Recurring \| Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	201,976		195,441
Recurring \| Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	135,009		132,888
Recurring \| Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	58,035		61,694
Recurring \| Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,145		3,029
Recurring \| Level 1 \| U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	157,020		154,515
Recurring \| Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivative financial assets fair value	7,584		7,610
Derivative financial liabilities fair value	7,089		6,981
Recurring \| Level 2 \| U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	53,698		55,157
Recurring \| Level 2 \| Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	248,884		243,829
Recurring \| Level 2 \| Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	201,976		195,441
Recurring \| Level 2 \| Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	135,009		132,888
Recurring \| Level 2 \| Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale, at fair value (Allowance for credit losses of $600 at 2023)	58,035		61,694
Recurring \| Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Mortgage servicing rights, at fair value	$ 19,992		$ 10,147

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Mortgage Servicing Rights (Details) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 19,992	$ 10,147
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	19,992	10,147
Recurring \| Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 19,992	$ 10,147
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Recurring \| Level 3 \| Constant pre-payment rates (CPR)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 19,992	$ 10,147
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.065	0.053
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.597	0.597
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.082	0.082
Recurring \| Level 3 \| Discount rate \| Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.090	0.090
Recurring \| Level 3 \| Discount rate \| Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.115	0.117
Recurring \| Level 3 \| Discount rate \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.095	0.093

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	$ 5,130	$ 615
Collateral-dependent loans	44,138	17,460
Bank premises held for sale	235	235
Foreclosed assets	3,356	3,030
Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	5,130	615
Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Collateral-dependent loans	44,138	17,460
Bank premises held for sale	235	235
Foreclosed assets	$ 3,356	$ 3,030

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable inputs used in nonrecurring measurements (Details) - Nonrecurring - Level 3 $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Collateral-dependent impaired loans \| Appraisal of collateral
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 44,138	$ 17,460
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Bank premises held for sale \| Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 235	$ 235
Measurement input	0.07	0.07
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	0.07	0.07
Foreclosed assets \| Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 3,356	$ 3,030
Measurement input	0.07	0.07
Alternative Investment, Measurement Input [Extensible List]	hbt:AppraisalAdjustmentsMember	hbt:AppraisalAdjustmentsMember
Foreclosed assets \| Appraisal \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.07	0.07

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financial assets:
Debt securities held-to-maturity	$ 481,925	$ 478,801
Level 1 \| Carrying Amount
Financial assets:
Cash and cash equivalents	177,112	114,159
Level 1 \| Estimated Fair Value
Financial assets:
Cash and cash equivalents	177,112	114,159
Level 2 \| Carrying Amount
Financial assets:
Debt securities held-to-maturity	536,429	541,600
Accrued interest receivable	20,301	19,506
Financial liabilities:
Securities sold under agreements to repurchase	34,919	43,081
Accrued interest payable	1,402	1,363
Level 2 \| Estimated Fair Value
Financial assets:
Debt securities held-to-maturity	481,925	478,801
Accrued interest receivable	20,301	19,506
Financial liabilities:
Securities sold under agreements to repurchase	34,919	43,081
Accrued interest payable	1,402	1,363
Level 3 \| Carrying Amount
Financial assets:
Restricted stock	4,991	7,965
Loans, net	3,156,764	2,594,920
Investments in unconsolidated subsidiaries	1,614	1,165
Financial liabilities:
Time deposits	420,372	262,968
Level 3 \| Estimated Fair Value
Financial assets:
Restricted stock	4,991	7,965
Loans, net	3,105,661	2,566,930
Investments in unconsolidated subsidiaries	1,614	1,165
Financial liabilities:
Time deposits	409,454	253,619
Subordinated Notes \| Level 3 \| Carrying Amount
Financial liabilities:
Subordinated debt	39,415	39,395
Subordinated Notes \| Level 3 \| Estimated Fair Value
Financial liabilities:
Subordinated debt	36,863	37,205
Junior Subordinated Debentures Issued \| Level 3 \| Carrying Amount
Financial liabilities:
Subordinated debt	52,746	37,780
Junior Subordinated Debentures Issued \| Level 3 \| Estimated Fair Value
Financial liabilities:
Subordinated debt	$ 50,720	$ 37,030

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Standby letters of credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 19,146	$ 17,785
Commitments to extend credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 838,714	$ 756,885

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Legal Contingencies (Details) - USD ($) $ in Thousands		3 Months Ended
	Feb. 20, 2023	Dec. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2021
Litigation
Allowance for credit loss		$ 25,333	$ 38,776	$ 24,508	$ 23,936
Unfunded Loan Commitment
Litigation
Allowance for credit loss			3,400
TGC Cases
Litigation
Settlement amount	$ 13,000
Insurance recovery receivable		7,400	7,400
Net settlement amount included in other noninterest expense		5,600
Accrual recorded		13,000	13,000
DeBaere and Miller cases
Litigation
Accrual recorded		2,600	$ 2,600
Accrual included in other noninterest expense		$ 2,600