HBT Financial (HBT) 10-Q2 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
DOCUMENT AND ENTITY INFORMATION - shares	Jun. 30, 2023	Jul. 24, 2023
DOCUMENT AND ENTITY INFORMATION
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 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		31,846,236
Entity Central Index Key	0000775215
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 28,044	$ 18,970
Interest-bearing deposits with banks	81,764	95,189
Cash and cash equivalents	109,808	114,159
Debt securities available-for-sale, at fair value (allowance for credit losses of $800 at 2023)	822,788
Debt securities available-for-sale, at fair value (allowance for credit losses of $800 at 2023)		843,524
Debt securities held-to-maturity (fair value of $469,921 at 2023 and $478,801 at 2022)	533,231
Debt securities held-to-maturity (fair value of $481,925 at 2023 and $478,801 at 2022)		541,600
Equity securities with readily determinable fair value	3,152	3,029
Equity securities with no readily determinable fair value	2,275	1,977
Restricted stock, at cost	11,345	7,965
Loans held for sale	8,829	615
Loans, before allowance for credit losses	3,244,655
Loans, before allowance for credit losses		2,620,253
Allowance for credit losses	(37,814)
Allowance for credit losses		(25,333)
Loans, net of allowance for credit losses	3,206,841
Loans, net of allowance for credit losses		2,594,920
Bank owned life insurance	23,594	7,557
Bank premises and equipment, net	65,029	50,469
Bank premises held for sale	35	235
Foreclosed assets	3,080	3,030
Goodwill	59,876	29,322
Intangible assets, net	22,122	1,070
Mortgage servicing rights, at fair value	20,133	10,147
Investments in unconsolidated subsidiaries	1,614	1,165
Accrued interest receivable	19,900	19,506
Other assets	62,158	56,444
Total assets	4,975,810	4,286,734
Deposits:
Noninterest-bearing	1,125,823	994,954
Interest-bearing	3,038,700	2,592,070
Total deposits	4,164,523	3,587,024
Securities sold under agreements to repurchase	38,729	43,081
Federal Home Loan Bank advances	177,572	160,000
Subordinated notes	39,435	39,395
Junior subordinated debentures issued to capital trusts	52,760	37,780
Other liabilities	51,939	45,822
Total liabilities	4,524,958	3,913,102
COMMITMENTS AND CONTINGENCIES (Note 15)
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 31,865,868 at 2023 and 28,752,626 at 2022	327	293
Surplus	294,875	222,783
Retained earnings	241,777	232,004
Accumulated other comprehensive income (loss)	(70,662)	(71,759)
Treasury stock at cost, 864,830 shares at 2023 and 555,865 at 2022	(15,465)	(9,689)
Total stockholders' equity	450,852	373,632
Total liabilities and stockholders' equity	$ 4,975,810	$ 4,286,734

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Stockholders' Equity
Allowance for credit losses	$ 800
Debt securities held-to-maturity	$ 469,921	$ 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	31,865,868	28,752,626
Treasury stock ,shares	864,830	555,865

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Loans, including fees:
Taxable	$ 47,149	$ 27,843	$ 89,308	$ 54,649
Federally tax exempt	1,040	679	1,992	1,341
Securities:
Taxable	6,518	5,663	13,134	10,312
Federally tax exempt	1,162	1,138	2,359	2,178
Interest-bearing deposits in bank	781	420	1,520	579
Other interest and dividend income	118	14	234	33
Total interest and dividend income	56,768	35,757	108,547	69,092
INTEREST EXPENSE
Deposits	4,323	506	6,697	1,075
Securities sold under agreements to repurchase	34	8	72	17
Borrowings	2,189	1	3,486	2
Subordinated notes	469	469	939	939
Junior subordinated debentures issued to capital trusts	881	400	1,644	758
Total interest expense	7,896	1,384	12,838	2,791
Net interest income	48,872	34,373	95,709	66,301
PROVISION FOR CREDIT LOSSES	(230)	145	5,980	(439)
Net interest income after provision for credit losses	49,102	34,228	89,729	66,740
NONINTEREST INCOME
Mortgage servicing	1,254	661	2,353	1,319
Mortgage servicing rights fair value adjustment	141	366	(483)	2,095
Gains on sale of mortgage loans	373	326	649	913
Realized gains (losses) on sales of securities			(1,007)
Unrealized gains (losses) on equity securities	7	(153)	(15)	(340)
Gains (losses) on foreclosed assets	(97)	(7)	(107)	33
Gains (losses) on other assets	109	(43)	109	150
Income on bank owned life insurance	147	41	262	81
Other noninterest income	877	532	1,620	1,170
Total noninterest income	9,914	8,551	17,351	18,594
NONINTEREST EXPENSE
Salaries	16,660	12,936	36,071	25,737
Employee benefits	2,707	1,984	5,042	4,428
Occupancy of bank premises	2,785	1,741	4,887	3,801
Furniture and equipment	809	623	1,468	1,175
Data processing	2,883	1,990	7,206	3,643
Marketing and customer relations	1,359	1,205	2,195	2,056
Amortization of intangible assets	720	245	1,230	490
FDIC insurance	630	298	1,193	586
Loan collection and servicing	348	278	626	435
Foreclosed assets	97	31	158	163
Other noninterest expense	4,975	2,511	9,830	5,485
Total noninterest expense	33,973	23,842	69,906	47,999
INCOME BEFORE INCOME TAX EXPENSE	25,043	18,937	37,174	37,335
INCOME TAX EXPENSE	6,570	4,852	9,493	9,646
NET INCOME	$ 18,473	$ 14,085	$ 27,681	$ 27,689
EARNINGS PER SHARE - BASIC	$ 0.58	$ 0.49	$ 0.88	$ 0.96
EARNINGS PER SHARE - DILUTED	$ 0.58	$ 0.49	$ 0.88	$ 0.95
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING - Basic	31,980,133	28,891,202	31,481,439	28,938,634
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING - Diluted	32,079,983	28,944,876	31,566,420	28,987,322
Card income
NONINTEREST INCOME
Revenue	$ 2,905	$ 2,714	$ 5,563	$ 5,118
Wealth management fees
NONINTEREST INCOME
Revenue	2,279	2,322	4,617	4,611
Service charges on deposit accounts
NONINTEREST INCOME
Revenue	$ 1,919	$ 1,792	$ 3,790	$ 3,444

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
NET INCOME	$ 18,473	$ 14,085	$ 27,681	$ 27,689
OTHER COMPREHENSIVE (LOSS) INCOME
Unrealized (losses) on debt securities available-for-sale	(12,638)	(24,151)	(1,195)	(77,573)
Reclassification adjustment for losses on securities available-for-sale realized in income	200		1,807
Reclassification adjustment for amortization of net unrealized losses on debt securities transferred to held-to-maturity	475	549	965	730
Unrealized gains on derivative instruments	201	149	161	743
Reclassification adjustment for net settlements on derivative instruments	(109)	67	(203)	163
Total other comprehensive (loss) income, before tax	(11,871)	(23,386)	1,535	(75,937)
Income tax (benefit) expense	(3,384)	(6,666)	438	(21,646)
Total other comprehensive (loss) income	(8,487)	(16,720)	1,097	(54,291)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 9,986	$ (2,635)	$ 28,778	$ (26,602)

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				27,689				27,689
Other comprehensive income (loss)					(54,291)			(54,291)
Stock-based compensation		1,253						1,253
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings		(57)						(57)
Issuance of common stock upon vesting of restricted stock units (in shares)	31,944
Repurchase of common stock						(3,351)		(3,351)
Repurchase of common stock (in shares)	(186,808)
Cash dividends and dividend equivalents				(9,315)				(9,315)
Balance at Jun. 30, 2022	$ 293	222,087		212,506	(52,820)	(8,257)		373,809
Balance (in shares) at Jun. 30, 2022	28,831,197
Balance at Mar. 31, 2022	$ 293	221,735		203,076	(36,100)	(5,849)		383,155
Balance (in shares) at Mar. 31, 2022	28,967,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				14,085				14,085
Other comprehensive income (loss)					(16,720)			(16,720)
Stock-based compensation		352						352
Repurchase of common stock						(2,408)		(2,408)
Repurchase of common stock (in shares)	(136,746)
Cash dividends and dividend equivalents				(4,655)				(4,655)
Balance at Jun. 30, 2022	$ 293	222,087		212,506	(52,820)	(8,257)		373,809
Balance (in shares) at Jun. 30, 2022	28,831,197
Balance at Dec. 31, 2022	$ 293	222,783		232,004	(71,759)	(9,689)		373,632
Balance (in shares) at Dec. 31, 2022	28,752,626
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				27,681				27,681
Other comprehensive income (loss)					1,097			1,097
Stock-based compensation		951						951
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						(5,776)		(5,776)
Repurchase of common stock (in shares)	(308,965)
Cash dividends and dividend equivalents				(10,986)				(10,986)
Balance at Jun. 30, 2023	$ 327	294,875	$ (6,922)	241,777	(70,662)	(15,465)	$ (6,922)	450,852
Balance (in shares) at Jun. 30, 2023	31,865,868
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				18,473				18,473
Other comprehensive income (loss)					(8,487)			(8,487)
Stock-based compensation		434						434
Repurchase of common stock						(4,188)		(4,188)
Repurchase of common stock (in shares)	(229,502)
Cash dividends and dividend equivalents				(5,478)				(5,478)
Balance at Jun. 30, 2023	$ 327	$ 294,875	$ (6,922)	$ 241,777	$ (70,662)	$ (15,465)	$ (6,922)	$ 450,852
Balance (in shares) at Jun. 30, 2023	31,865,868

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stock Transactions, Parenthetical Disclosures [Abstract]
Cash dividends	$ 0.17	$ 0.16	$ 0.34	$ 0.32

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 27,681	$ 27,689
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	1,609	1,532
Provision for credit losses	5,980	(439)
Net amortization of debt securities	2,999	3,609
Deferred income tax expense	802	141
Stock-based compensation	951	1,253
Net accretion of discount and deferred loan fees on loans	(3,378)	(3,263)
Net realized loss on sales of securities	1,007
Net unrealized loss on equity securities	15	340
Net (gain) loss on disposals of bank premises and equipment	(32)	14
Net gain on sales of bank premises held for sale	(75)	(187)
Impairment losses on bank premises held for sale		23
Net gain on sales of foreclosed assets	(68)	(98)
Write-down of foreclosed assets	175	65
Amortization of intangibles	1,230	490
Decrease (increase) in mortgage servicing rights	483	(2,095)
Amortization of discount and issuance costs on subordinated notes and debentures	71	73
Amortization of premium on Federal Home Loan Bank advances	172
Amortization of premium on interest-bearing time deposits with banks		5
Amortization of discount on time deposits	(239)	(126)
Mortgage loans originated for sale	(35,682)	(38,091)
Proceeds from sale of mortgage loans	29,729	38,634
Net gain on sale of mortgage loans	(649)	(913)
Increase in cash surrender value of bank owned life insurance	(255)	(81)
Decrease in accrued interest receivable	2,719	638
Decrease in other assets	4,864	1,827
Decrease in other liabilities	(3,978)	(245)
Net cash provided by operating activities	36,131	30,795
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from maturities of interest-bearing time deposits with banks	249	485
Proceeds from sales of securities available-for-sale	145,844
Proceeds from paydowns, maturities, and calls of debt securities	50,540	74,703
Purchase of securities	(2,985)	(349,769)
Purchase of loans	(36,964)
Net decrease in loans	51,609	52,336
Purchase of restricted stock	(11,622)	(74)
Proceeds from redemption of restricted stock	11,064
Purchases of bank premises and equipment	(1,495)	(496)
Proceeds from sales of bank premises and equipment	151
Proceeds from sales of bank premises held for sale	310	1,297
Proceeds from sales of foreclosed assets	284	447
Net cash paid for acquisition of Town and Country	(14,454)
Net cash provided by (used in) investing activities	192,531	(221,071)
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in deposits	(142,679)	(36,073)
Net decrease in repurchase agreements	(4,352)	(10,165)
Net decrease in Federal Home Loan Bank advances	(69,039)
Taxes paid related to the vesting of restricted stock units	(181)	(57)
Repurchase of common stock	(5,776)	(3,351)
Cash dividends and dividend equivalents paid	(10,986)	(9,315)
Net cash used in financing activities	(233,013)	(58,961)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(4,351)	(249,237)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	114,159	409,268
CASH AND CASH EQUIVALENTS AT END OF PERIOD	109,808	160,031
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	11,815	2,860
Cash paid for income taxes	8,997	7,845
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfers of loans to foreclosed assets	170	$ 27
Transfers of bank premises and equipment to bank premises held for sale	$ 35

ACCOUNTING POLICIES

ACCOUNTING POLICIES	6 Months Ended
ACCOUNTING POLICIES	Jun. 30, 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	6 Months Ended
ACQUISITIONS	Jun. 30, 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 and six months ended June 30, 2023, HBT Financial incurred the following expenses related to the acquisition of Town and Country: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 (dollars in thousands) PROVISION FOR CREDIT LOSSES $ — $ 5,924 NONINTEREST EXPENSE Salaries 66 3,584 Furniture and equipment 39 39 Data processing 176 2,031 Marketing and customer relations 10 24 Loan collection and servicing 125 125 Legal fees and other noninterest expense 211 1,964 Total noninterest expense 627 7,767 Total acquisition-related expenses $ 627 $ 13,691 There were no expenses related to the acquisition of Town and Country during the three and six months ended June 30, 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 and six months ended June 30, 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 Pro Forma Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Total revenues (net interest income and noninterest income) $ 58,786 $ 53,431 $ 116,556 $ 107,943 Net income 18,185 16,833 28,200 36,190 Earnings per share - basic 0.57 0.55 0.89 1.17 Earnings per share - diluted 0.57 0.55 0.88 1.17

SECURITIES

SECURITIES	6 Months Ended
SECURITIES	Jun. 30, 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: June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,788 $ — $ (14,648) $ — $ 155,140 U.S. government agency 56,833 — (4,409) — 52,424 Municipal 273,263 18 (29,226) — 244,055 Mortgage-backed: Agency residential 208,470 — (18,920) — 189,550 Agency commercial 147,922 3 (17,039) — 130,886 Corporate 57,632 — (6,099) (800) 50,733 Total available-for-sale $ 913,908 $ 21 $ (90,341) $ (800) $ 822,788 June 30, 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 $ 88,436 $ — $ (9,615) $ 78,821 $ — Municipal 39,756 147 (422) 39,481 — Mortgage-backed: Agency residential 100,685 — (7,003) 93,682 — Agency commercial 304,354 — (46,417) 257,937 — Total held-to-maturity $ 533,231 $ 147 $ (63,457) $ 469,921 $ — 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 June 30, 2023 and December 31, 2022, the Bank had debt securities with a carrying value of $449.6 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 June 30, 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 $ 34,603 $ 33,740 $ 2,451 $ 2,454 Due after 1 year through 5 years 230,246 215,388 27,401 26,424 Due after 5 years through 10 years 236,936 204,230 92,657 84,186 Due after 10 years 55,731 48,994 5,683 5,238 Mortgage-backed: Agency residential 208,470 189,550 100,685 93,682 Agency commercial 147,922 130,886 304,354 257,937 Total $ 913,908 $ 822,788 $ 533,231 $ 469,921 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 June 30, 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 June 30, 2023 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ — $ — $ (14,648) $ 155,140 $ (14,648) $ 155,140 U.S. government agency (270) 7,973 (4,139) 44,451 (4,409) 52,424 Municipal (723) 47,645 (28,503) 192,219 (29,226) 239,864 Mortgage-backed: Agency residential (1,305) 36,555 (17,615) 152,961 (18,920) 189,516 Agency commercial (345) 13,093 (16,694) 117,701 (17,039) 130,794 Corporate (1,994) 17,752 (3,928) 31,957 (5,922) 49,709 Total available-for-sale $ (4,637) $ 123,018 $ (85,527) $ 694,429 $ (90,164) $ 817,447 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 June 30, 2023, there were 587 debt securities in an unrealized loss position for a period of twelve months or more, and 350 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 June 30, 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. An $0.8 million allowance for credit losses was recorded as of June 30, 2023, related to one bank subordinated debt security and reflected heightened potential credit risk following the recent failures of other banks. The related provision for credit losses were $0.2 million and $0.6 million during the three and six months ended June 30, 2023, respectively. 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 June 30, 2023, the Company did not intend to sell the debt securities that are in an unrealized or unrecognized loss position, and it was more likely than not that the Company would recover the amortized cost prior to being required to sell the debt securities. Accrued interest on debt securities totaled $6.1 million as of June 30, 2023 and is excluded from the estimate of credit losses. Sales of debt securities were as follows during the three and six months ended June 30: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Proceeds from sales $ — $ — $ 145,844 $ — Gross realized gains — — — — Gross realized losses — — (1,007) — Subsequent to June 30, 2023, the Company recognized $0.8 million of net losses on the sale of $39.4 million of debt securities. 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 June 30, 2023 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,578 Cumulative net unrealized gains (losses) 10 (303) Carrying value $ 3,152 $ 2,275 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 June 30, 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 and six months ended June 30, 2023 and 2022. Unrealized gains (losses) on equity securities were as follows during the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Readily determinable fair value $ 7 $ (153) $ 123 $ (340) No readily determinable fair value — — (138) — Unrealized gains (losses) on equity securities $ 7 $ (153) $ (15) $ (340)

LOANS AND RELATED ALLOWANCE FOR

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	Jun. 30, 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: June 30, 2023 December 31, 2022 (dollars in thousands) Commercial and industrial $ 385,768 $ 266,757 Commercial real estate - owner occupied 303,522 218,503 Commercial real estate - non-owner occupied 882,598 713,202 Construction and land development 335,262 360,824 Multi-family 375,536 287,865 One-to-four family residential 482,442 338,253 Agricultural and farmland 259,858 237,746 Municipal, consumer, and other 219,669 197,103 Loans, before allowance for credit losses 3,244,655 2,620,253 Allowance for credit losses (37,814) (25,333) Loans, net of allowance for credit losses $ 3,206,841 $ 2,594,920 As of June 30, 2023 and December 31, 2022, commercial and industrial loans include $22 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 consumer loans where the weighted average remaining maturity method is utilized. At June 30, 2023, the economic forecast used by management anticipates a mild recession starting in 2024, 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 influence credit losses. The following tables detail activity in the allowance for credit losses for the three and six months ended June 30: Three Months Ended June 30, 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 $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 Provision for credit losses 791 (175) (466) (1,745) 452 (121) (68) 252 (1,080) Charge-offs — — — — — (4) — (175) (179) Recoveries 12 2 164 5 — 37 1 76 297 Ending balance $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 Three Months Ended June 30, 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 $ 2,491 $ 1,511 $ 7,014 $ 4,493 $ 1,354 $ 1,583 $ 842 $ 5,220 $ 24,508 Provision for loan losses 450 (287) (408) (434) 21 51 82 670 145 Charge-offs — — — — — (47) — (112) (159) Recoveries 40 — 5 — — 109 — 86 240 Ending balance $ 2,981 $ 1,224 $ 6,611 $ 4,059 $ 1,375 $ 1,696 $ 924 $ 5,864 $ 24,734 Six Months Ended June 30, 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 1,178 444 (161) (606) 978 960 237 991 4,021 Charge-offs — (3) — — — (26) — (292) (321) Recoveries 31 14 238 8 — 95 2 163 551 Ending balance $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 Six Months Ended June 30, 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 (203) (716) (1,804) (855) 112 171 79 2,777 (439) Charge-offs (5) — — — — (49) — (239) (293) Recoveries 749 100 270 — — 263 — 148 1,530 Ending balance $ 2,981 $ 1,224 $ 6,611 $ 4,059 $ 1,375 $ 1,696 $ 924 $ 5,864 $ 24,734 Gross charge-offs, further sorted by origination year, were as follows during the three and six months ended June 30, 2023: Gross Charge-Offs for the Three Months Ended June 30, 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 — — — — — — — — — Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — — 4 — — 4 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 100 21 — — — — 54 — 175 Total $ 100 $ 21 $ — $ — $ — $ 4 $ 54 $ — $ 179 Gross Charge-Offs for the Six Months Ended June 30, 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 25 — — 26 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 135 74 — 9 — — 74 — 292 Total $ 135 $ 77 $ — $ 9 $ 1 $ 25 $ 74 $ — $ 321 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 June 30, 2023 Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 385,594 $ 303,271 $ 868,421 $ 335,024 $ 374,578 $ 476,326 $ 259,858 $ 203,767 $ 3,206,839 Individually evaluated for impairment 174 251 14,177 238 958 6,116 — 15,902 37,816 Total $ 385,768 $ 303,522 $ 882,598 $ 335,262 $ 375,536 $ 482,442 $ 259,858 $ 219,669 $ 3,244,655 Allowance for credit losses: Collectively evaluated for impairment $ 3,730 $ 2,350 $ 6,280 $ 5,834 $ 2,603 $ 3,705 $ 2,607 $ 5,656 $ 32,765 Individually evaluated for impairment 5 12 1,258 — — 372 — 3,402 5,049 Total $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 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 June 30, 2023 Real Estate Vehicles Other Total Losses (dollars in thousands) Commercial and industrial $ — $ — $ 174 $ 174 $ 5 Commercial real estate - owner occupied 251 — — 251 12 Commercial real estate - non-owner occupied 14,177 — — 14,177 1,258 Construction and land development 238 — — 238 — Multi-family 958 — — 958 — One-to-four family residential 6,116 — — 6,116 372 Agricultural and farmland — — — — — Municipal, consumer, and other 15,826 31 45 15,902 3,402 Total $ 37,566 $ 31 $ 219 $ 37,816 $ 5,049 Accrued interest on loans totaled $13.7 million as of June 30, 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 tables present the average recorded investment and interest income recognized for loans individually evaluated for impairment by category of loans: Three Months Ended June 30, 2022 Average Interest Recorded Income Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 267 $ 4 Commercial real estate - owner occupied 745 11 Commercial real estate - non-owner occupied 14,603 185 Construction and land development — — Multi-family — — One-to-four family residential 548 4 Agricultural and farmland — — Municipal, consumer, and other 8,344 46 Total $ 24,507 $ 250 With no related allowance: Commercial and industrial $ 15,156 $ 156 Commercial real estate - owner occupied 11,887 141 Commercial real estate - non-owner occupied 17,947 340 Construction and land development 2,012 26 Multi-family — — One-to-four family residential 8,181 84 Agricultural and farmland 252 3 Municipal, consumer, and other 4,480 33 Total $ 59,915 $ 783 Total loans individually evaluated for impairment: Commercial and industrial $ 15,423 $ 160 Commercial real estate - owner occupied 12,632 152 Commercial real estate - non-owner occupied 32,550 525 Construction and land development 2,012 26 Multi-family — — One-to-four family residential 8,729 88 Agricultural and farmland 252 3 Municipal, consumer, and other 12,824 79 Total $ 84,422 $ 1,033 Six Months Ended June 30, 2022 Average Interest Recorded Income Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 280 $ 8 Commercial real estate - owner occupied 1,580 44 Commercial real estate - non-owner occupied 14,728 371 Construction and land development — — Multi-family — — One-to-four family residential 597 9 Agricultural and farmland — — Municipal, consumer, and other 8,426 85 Total $ 25,611 $ 517 With no related allowance: Commercial and industrial $ 17,316 $ 356 Commercial real estate - owner occupied 11,460 247 Commercial real estate - non-owner occupied 16,728 538 Construction and land development 2,014 48 Multi-family — — One-to-four family residential 8,453 141 Agricultural and farmland 244 3 Municipal, consumer, and other 4,511 54 Total $ 60,726 $ 1,387 Total loans individually evaluated for impairment: Commercial and industrial $ 17,596 $ 364 Commercial real estate - owner occupied 13,040 291 Commercial real estate - non-owner occupied 31,456 909 Construction and land development 2,014 48 Multi-family — — One-to-four family residential 9,050 150 Agricultural and farmland 244 3 Municipal, consumer, and other 12,937 139 Total $ 86,337 $ 1,904 Changes in the accretable yield for loans acquired with deteriorated credit quality were as follows: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (dollars in thousands) Beginning balance $ 484 $ 413 Reclassification from non-accretable difference 100 217 Accretion income (47) (93) Ending balance $ 537 $ 537 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 June 30, 2023 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 385,504 $ 90 $ — $ 174 $ 385,768 Commercial real estate - owner occupied 303,145 126 — 251 303,522 Commercial real estate - non-owner occupied 882,208 — — 390 882,598 Construction and land development 335,024 — — 238 335,262 Multi-family 374,488 90 — 958 375,536 One-to-four family residential 475,473 1,522 — 5,447 482,442 Agricultural and farmland 259,730 128 — — 259,858 Municipal, consumer, and other 219,335 257 1 76 219,669 Total $ 3,234,907 $ 2,213 $ 1 $ 7,534 $ 3,244,655 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 June 30, 2023 Credit Losses Credit Losses Nonaccrual (dollars in thousands) Commercial and industrial $ 128 $ 46 $ 174 Commercial real estate - owner occupied 74 177 251 Commercial real estate - non-owner occupied 219 171 390 Construction and land development — 238 238 Multi-family — 958 958 One-to-four family residential 129 5,318 5,447 Agricultural and farmland — — — Municipal, consumer, and other — 76 76 Total $ 550 $ 6,984 $ 7,534 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: June 30, 2023 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 378,223 $ 3,900 $ 3,645 $ — $ 385,768 Commercial real estate - owner occupied 281,115 11,660 10,747 — 303,522 Commercial real estate - non-owner occupied 825,108 33,361 24,129 — 882,598 Construction and land development 329,877 5,055 330 — 335,262 Multi-family 349,513 24,749 1,274 — 375,536 One-to-four family residential 461,525 7,654 13,263 — 482,442 Agricultural and farmland 251,388 5,142 3,328 — 259,858 Municipal, consumer, and other 201,708 1,921 16,040 — 219,669 Total $ 3,078,457 $ 93,442 $ 72,756 $ — $ 3,244,655 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 June 30, 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 $ 69,081 $ 63,617 $ 27,992 $ 31,141 $ 6,418 $ 10,665 $ 166,040 $ 3,269 $ 378,223 Pass-Watch 117 934 — 535 825 211 581 697 3,900 Substandard 5 101 — 46 — 49 617 2,827 3,645 Total $ 69,203 $ 64,652 $ 27,992 $ 31,722 $ 7,243 $ 10,925 $ 167,238 $ 6,793 $ 385,768 Commercial real estate - owner occupied Pass $ 19,573 $ 63,767 $ 61,278 $ 59,353 $ 34,394 $ 35,565 $ 7,185 $ — $ 281,115 Pass-Watch 672 2,365 2,773 358 2,747 1,795 950 — 11,660 Substandard — 1,688 3,430 262 673 3,200 1,494 — 10,747 Total $ 20,245 $ 67,820 $ 67,481 $ 59,973 $ 37,814 $ 40,560 $ 9,629 $ — $ 303,522 Commercial real estate - non-owner occupied Pass $ 53,549 $ 260,402 $ 264,052 $ 98,430 $ 86,880 $ 48,439 $ 9,567 $ 3,789 $ 825,108 Pass-Watch 758 — 7,475 — 7,379 3,870 13,734 145 33,361 Substandard 11,774 127 — 73 2,515 9,469 — 171 24,129 Total $ 66,081 $ 260,529 $ 271,527 $ 98,503 $ 96,774 $ 61,778 $ 23,301 $ 4,105 $ 882,598 Construction and land development Pass $ 82,321 $ 154,790 $ 68,926 $ 5,676 $ 3,284 $ 1,791 $ 7,868 $ 5,221 $ 329,877 Pass-Watch 156 2,867 — — — 12 1,183 837 5,055 Substandard — — — — — 317 — 13 330 Total $ 82,477 $ 157,657 $ 68,926 $ 5,676 $ 3,284 $ 2,120 $ 9,051 $ 6,071 $ 335,262 Multi-family Pass $ 35,047 $ 79,926 $ 105,151 $ 58,069 $ 34,925 $ 29,929 $ 5,954 $ 512 $ 349,513 Pass-Watch 2,674 7,273 — 8,833 59 5,558 343 9 24,749 Substandard — — 315 — 489 470 — — 1,274 Total $ 37,721 $ 87,199 $ 105,466 $ 66,902 $ 35,473 $ 35,957 $ 6,297 $ 521 $ 375,536 One-to-four family residential Pass $ 69,055 $ 90,014 $ 88,637 $ 69,356 $ 23,957 $ 57,917 $ 57,698 $ 4,891 $ 461,525 Pass-Watch 1,011 670 1,164 572 713 2,909 295 320 7,654 Substandard 415 2,490 857 1,045 823 4,461 25 3,147 13,263 Total $ 70,481 $ 93,174 $ 90,658 $ 70,973 $ 25,493 $ 65,287 $ 58,018 $ 8,358 $ 482,442 Agricultural and farmland Pass $ 24,392 $ 40,120 $ 39,227 $ 40,052 $ 9,319 $ 9,194 $ 86,766 $ 2,318 $ 251,388 Pass-Watch 825 1,691 96 1,021 145 960 404 — 5,142 Substandard — — 16 3,312 — — — — 3,328 Total $ 25,217 $ 41,811 $ 39,339 $ 44,385 $ 9,464 $ 10,154 $ 87,170 $ 2,318 $ 259,858 Municipal, Consumer, and other Pass $ 31,397 $ 70,574 $ 28,952 $ 15,154 $ 1,793 $ 45,049 $ 8,787 $ 2 $ 201,708 Pass-Watch — 20 26 20 — 1,855 — — 1,921 Substandard 32 94 7 — 46 15,861 — — 16,040 Total $ 31,429 $ 70,688 $ 28,985 $ 15,174 $ 1,839 $ 62,765 $ 8,787 $ 2 $ 219,669 Total by Risk Rating Pass $ 384,415 $ 823,210 $ 684,215 $ 377,231 $ 200,970 $ 238,549 $ 349,865 $ 20,002 $ 3,078,457 Pass-Watch 6,213 15,820 11,534 11,339 11,868 17,170 17,490 2,008 93,442 Substandard 12,226 4,500 4,625 4,738 4,546 33,827 2,136 6,158 72,756 Total $ 402,854 $ 843,530 $ 700,374 $ 393,308 $ 217,384 $ 289,546 $ 369,491 $ 28,168 $ 3,244,655 Modifications and Troubled Debt Restructurings There were no loan modifications to borrowers in financial distress during the three and six months ended June 30, 2023. There were no new troubled debt restructurings during the three and six months ended June 30, 2022. As of December 31, 2022, the Company had $3.0 million of troubled debt restructurings. Pledged Loans As of June 30, 2023 and December 31, 2022, the Company pledged loans totaling $1.04 billion 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	6 Months Ended
LOAN SERVICING	Jun. 30, 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 $1.72 billion and $955.8 million as of June 30, 2023 and December 31, 2022, respectively. Activity in mortgage servicing rights is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Beginning balance $ 19,992 $ 9,723 $ 10,147 $ 7,994 Acquired — — 10,469 — Capitalized servicing rights 170 136 299 307 Fair value adjustment: Attributable to payments and principal reductions (559) (379) (990) (686) Attributable to changes in valuation inputs and assumptions 530 609 208 2,474 Total fair value adjustment (29) 230 (782) 1,788 Ending balance $ 20,133 $ 10,089 $ 20,133 $ 10,089

FORECLOSED ASSETS

FORECLOSED ASSETS	6 Months Ended
FORECLOSED ASSETS	Jun. 30, 2023
FORECLOSED ASSETS
FORECLOSED ASSETS	NOTE 6 – FORECLOSED ASSETS Foreclosed assets activity is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Beginning balance $ 3,356 $ 3,043 $ 3,030 $ 3,278 Acquired — — 271 — Transfers from loans 65 8 170 27 Proceeds from sales (244) (153) (284) (447) Net gain (loss) on sales 48 (7) 68 98 Direct write-downs (145) — (175) (65) Ending balance $ 3,080 $ 2,891 $ 3,080 $ 2,891 Gains (losses) on foreclosed assets includes the following: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Direct write-downs $ (145) $ — $ (175) $ (65) Net gain (loss) on sales 48 (7) 68 98 Gains (losses) on foreclosed assets $ (97) $ (7) $ (107) $ 33 The carrying value of foreclosed one-to-four family residential real estate properties held was $0.2 million and $20 thousand as of June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023, there were 16 one-to-four family residential real estate loans in the process of foreclosure totaling $1.4 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	6 Months Ended
DEPOSITS	Jun. 30, 2023
DEPOSITS
DEPOSITS	NOTE 7 – DEPOSITS The Company’s deposits are summarized below: June 30, 2023 December 31, 2022 (dollars in thousands) Noninterest-bearing deposits $ 1,125,823 $ 994,954 Interest-bearing deposits: Interest-bearing demand 1,181,187 1,139,150 Money market 730,652 555,425 Savings 657,506 634,527 Time 469,355 262,968 Total interest-bearing deposits 3,038,700 2,592,070 Total deposits $ 4,164,523 $ 3,587,024 Money market account deposits included $50.0 million and time deposits included $1.0 million of brokered deposits as of June 30, 2023. There were no brokered deposits as of December 31, 2022. Interest-bearing demand deposits included $41.6 million of reciprocal transaction deposits as of June 30, 2023. Money market deposits included $11.7 million and $1.7 million of reciprocal transaction deposits as of June 30, 2023 and December 31, 2022, respectively. Time deposits included $38.8 million and $1.6 million of reciprocal time deposits as of June 30, 2023, and December 31, 2022, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $78.7 million and $27.2 million as of June 30, 2023 and December 31, 2022, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $236.8 million and $92.6 million as of June 30, 2023 and December 31, 2022, respectively. The components of interest expense on deposits are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Interest-bearing demand $ 683 $ 144 $ 1,141 $ 286 Money market 1,516 110 2,451 231 Savings 189 52 367 102 Time 1,935 200 2,738 456 Total interest expense on deposits $ 4,323 $ 506 $ 6,697 $ 1,075

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	6 Months Ended
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	Jun. 30, 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) 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 June 30, 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 4,821 4,788 Town and Country Statutory Trust II 4,124 4,415 — Town and Country Statutory Trust III 7,732 7,572 — West Plains Investors Statutory Trust I 3,093 2,960 — Total $ 53,714 $ 52,760 $ 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. Beginning in July 2023, the three-month LIBOR index was replaced by the three-month term SOFR index plus a spread adjustment. The interest rates and maturities of the junior subordinated debentures are summarized as follows: Interest Rate at Variable June 30, December 31, Maturity Interest Rate 2023 2022 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 8.01 % 6.83 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 7.08 6.30 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 6.90 6.12 September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 8.06 6.88 April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 8.45 7.67 December 15, 2037 Town and Country Statutory Trust II LIBOR plus 2.79 8.30 N/A March 17, 2034 Town and Country Statutory Trust III LIBOR plus 1.68 7.23 N/A March 22, 2037 West Plains Investors Statutory Trust I LIBOR plus 1.45 7.00 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 June 30, 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	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Jun. 30, 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: June 30, 2023 December 31, 2022 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets $ 17,000 $ 587 $ 17,000 $ 629 As of June 30, 2023, the interest rate swap agreements designated as cash flow hedges had contractual maturities between 2024 and 2025. As of June 30, 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 Six Months Ended June 30, June 30, 2023 2022 2023 2022 Designated as cash flow hedges: (dollars in thousands) Junior subordinated debentures interest expense $ 109 $ (67) $ 203 $ (163) Interest Rate Swaps Not Designated as Hedging Instruments The Company may offer interest rate swap agreements to its commercial borrowers in connection with their risk management needs. The Company manages the interest rate risk associated with these contracts by entering into an equal and offsetting derivative with a third-party financial institution. While these interest rate swap agreements generally work together as an economic interest rate hedge, the Company did not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability were recorded as either a charge or credit to current earnings during the period in which the changes occurred. The interest rate swap agreements not designated as hedging instruments are summarized as follows: June 30, 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 105,954 8,053 106,995 6,981 Total fair value recorded in other assets $ 105,954 $ 8,053 $ 106,995 $ 6,981 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 105,954 $ (8,053) $ 106,995 $ (6,981) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 105,954 $ (8,053) $ 106,995 $ (6,981) As of June 30, 2023, the interest rate swap agreements not designated as hedging instruments had contractual maturities between 2023 and 2035. The effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income on the consolidated statements of income are summarized as follows: Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 1,703 $ 4,681 $ 4,440 $ 10,094 Gross losses (1,703) (4,681) (4,440) (10,094) Net gains (losses) $ — $ — $ — $ —

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Jun. 30, 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 June 30, 2023 Balance, March 31, 2023 $ (52,668) $ (9,596) $ 89 $ (62,175) Other comprehensive income (loss) before reclassifications (12,638) — 201 (12,437) Reclassifications 200 475 (109) 566 Other comprehensive income (loss), before tax (12,438) 475 92 (11,871) Income tax expense (benefit) (3,546) 135 27 (3,384) Other comprehensive income (loss), after tax (8,892) 340 65 (8,487) Balance, June 30, 2023 $ (61,560) $ (9,256) $ 154 $ (70,662) Three Months Ended June 30, 2022 Balance, March 31, 2022 $ (24,794) $ (11,048) $ (258) $ (36,100) Other comprehensive income (loss) before reclassifications (24,151) — 149 (24,002) Reclassifications — 549 67 616 Other comprehensive income (loss), before tax (24,151) 549 216 (23,386) Income tax expense (benefit) (6,884) 157 61 (6,666) Other comprehensive income (loss), after tax (17,267) 392 155 (16,720) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Unrealized Gains (Losses) on Debt Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Six Months Ended June 30, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications (1,195) — 161 (1,034) Reclassifications 1,807 965 (203) 2,569 Other comprehensive income (loss), before tax 612 965 (42) 1,535 Income tax expense (benefit) 174 275 (11) 438 Other comprehensive income (loss), after tax 438 690 (31) 1,097 Balance, June 30, 2023 $ (61,560) $ (9,256) $ 154 $ (70,662) Six Months Ended June 30, 2022 Balance, December 31, 2021 $ 5,736 $ (3,514) $ (751) $ 1,471 Transfer from available-for-sale to held-to-maturity 7,664 (7,664) — — Other comprehensive income (loss) before reclassifications (77,573) — 743 (76,830) Reclassifications — 730 163 893 Other comprehensive income (loss), before tax (77,573) 730 906 (75,937) Income tax expense (benefit) (22,112) 208 258 (21,646) Other comprehensive income (loss), after tax (55,461) 522 648 (54,291) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) 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	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Numerator: Net income $ 18,473 $ 14,085 $ 27,681 $ 27,689 Earnings allocated to participating securities (11) (17) (16) (34) Numerator for earnings per share - basic and diluted $ 18,462 $ 14,068 $ 27,665 $ 27,655 Denominator: Weighted average common shares outstanding 31,980,133 28,891,202 31,481,439 28,938,634 Dilutive effect of outstanding restricted stock units 99,850 53,674 84,981 48,688 Weighted average common shares outstanding, including all dilutive potential shares 32,079,983 28,944,876 31,566,420 28,987,322 Earnings per share - Basic $ 0.58 $ 0.49 $ 0.88 $ 0.96 Earnings per share - Diluted $ 0.58 $ 0.49 $ 0.88 $ 0.95

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	6 Months Ended
STOCK-BASED COMPENSATION PLANS	Jun. 30, 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Restricted stock units $ 317 $ 234 $ 594 $ 842 Performance restricted stock units 117 118 357 411 Total awards classified as equity 434 352 951 1,253 Stock appreciation rights (47) 7 (46) (16) Total stock-based compensation expense $ 387 $ 359 $ 905 $ 1,237 In February 2022, all outstanding restricted stock unit and performance restricted stock unit agreements were modified to address treatment upon retirement. In the event of retirement, and if the retirement eligibility requirements are met, then 100% of unvested restricted stock units and performance restricted stock units will continue to vest in accordance with the originally established vesting schedule. The retirement modification resulted in the acceleration of $0.6 million of expense, although total compensation costs related to the modified agreements remained the same. Restricted Stock Units A restricted stock unit grants a participant the right to receive one share of the Company’s common stock, following the completion of the requisite service period. Restricted stock units are classified as equity. Compensation cost is based on the Company’s stock price on the grant date and is recognized on a straight-line basis over the service period for the entire award. Dividend equivalents on restricted stock units, which are either accrued until vested or paid at the same time as dividends on common stock, are classified as dividends charged to retained earnings. During the six months ended June 30, 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 six months ended June 30, 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 June 30, 2023 2022 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 129,422 $ 19.58 120,631 $ 17.98 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 129,422 $ 19.58 120,631 $ 17.98 Six Months Ended June 30, 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 June 30, 2023, unrecognized compensation cost related to the non-vested restricted stock units was $1.6 million. This cost is expected to be recognized over the weighted average remaining service period of 1.8 years. Performance Restricted Stock Units A performance restricted stock unit is similar to a restricted stock unit, except that the number of shares of the Company’s common stock awarded is based on a performance condition and the completion of the requisite service period. The number of shares of the Company’s common stock that may be earned ranges from 0% to 150% of the number of performance restricted stock units granted. Performance restricted stock units are classified as equity. Compensation cost is based on the Company’s stock price on the grant date and an assessment of the probable outcome of the performance condition. Compensation cost is recognized on a straight-line basis over the service period of the entire award. Changes in the performance condition probability assessment result in cumulative catch-up adjustments to the compensation cost recognized. Dividend equivalents on performance restricted stock units, which are accrued until vested, are classified as dividends charged to retained earnings. During the six months ended June 30, 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 June 30, 2023 2022 Weighted Weighted Performance Average Performance Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 79,097 $ 18.25 62,067 $ 17.02 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 79,097 $ 18.25 62,067 $ 17.02 Six months ended June 30, 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 June 30, 2023, unrecognized compensation cost related to non-vested performance restricted stock units was $0.5 million, based on the current assessment of the probable outcome of the performance conditions. This cost is expected to be recognized over the weighted average remaining service period of 1.7 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 June 30, 2023 2022 Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Beginning balance 73,440 $ 16.32 91,800 $ 16.32 Granted — — — — Exercised — — — — Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 91,800 $ 16.32 Six Months Ended June 30, 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 June 30, 2023, is as follows: Weighted Average Stock Appreciation Rights Remaining Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 73,440 67,320 6.2 years As of June 30, 2023, unrecognized compensation cost related to non-vested stock appreciation rights was $6 thousand. As of June 30, 2023 and December 31, 2022, the liability recorded for outstanding stock appreciation rights was $0.4 million and $0.5 million, respectively. The Company used an option pricing model to value the stock appreciation rights, using the assumptions in the following table. Expected volatility is derived from the historical volatility of the Company’s stock price and a selected peer group of industry-related companies. June 30, 2023 December 31, 2022 Risk-free interest rate 4.06 % 3.95 % Expected volatility 37.35 % 36.54 % Expected life (in years) 6.2 6.7 Expected dividend yield 3.69 % 3.27 % As of June 30, 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	6 Months Ended
REGULATORY MATTERS	Jun. 30, 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 June 30, 2023 and December 31, 2022, the capital conservation buffer was 2.5% of risk-weighted assets. As of June 30, 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 June 30, 2023 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 575,030 15.03 % $ 306,067 8.00 % N/A N/A Heartland Bank and Trust Company 566,196 14.82 305,541 8.00 $ 381,926 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 501,898 13.12 % $ 229,551 6.00 % N/A N/A Heartland Bank and Trust Company 532,499 13.94 229,156 6.00 $ 305,541 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 450,752 11.78 % $ 172,163 4.50 % N/A N/A Heartland Bank and Trust Company 532,499 13.94 171,867 4.50 $ 248,252 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 501,898 10.07 % $ 199,442 4.00 % N/A N/A Heartland Bank and Trust Company 532,499 10.69 199,201 4.00 $ 249,001 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	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Jun. 30, 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 and six months ended June 30, 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: June 30, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 155,140 $ — $ — $ 155,140 U.S. government agency — 52,424 — 52,424 Municipal — 244,055 — 244,055 Mortgage-backed: Agency residential — 189,550 — 189,550 Agency commercial — 130,886 — 130,886 Corporate — 50,733 — 50,733 Equity securities with readily determinable fair values 3,152 — — 3,152 Mortgage servicing rights — — 20,133 20,133 Derivative financial assets — 8,640 — 8,640 Derivative financial liabilities — 8,053 — 8,053 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 June 30, 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): June 30, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 20,133 Discounted cash flows Constant pre-payment rates (CPR) 6.8% to 39.4% (8.0%) Discount rate 9.0% to 23.4% (9.6%) 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: June 30, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 8,829 $ — $ 8,829 Collateral-dependent loans — — 32,767 32,767 Bank premises held for sale — — 35 35 Foreclosed assets — — 3,080 3,080 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): June 30, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 32,767 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 35 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,080 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 June 30, 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 $ 109,808 $ 109,808 $ 114,159 $ 114,159 Debt securities held-to-maturity Level 2 533,231 469,921 541,600 478,801 Restricted stock Level 3 11,345 11,345 7,965 7,965 Loans, net Level 3 3,206,841 3,143,481 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 19,900 19,900 19,506 19,506 Financial liabilities: Time deposits Level 3 469,355 457,327 262,968 253,619 Securities sold under agreements to repurchase Level 2 38,729 38,729 43,081 43,081 Subordinated notes Level 3 39,435 32,481 39,395 37,205 Junior subordinated debentures Level 3 52,760 41,993 37,780 37,030 Accrued interest payable Level 2 2,386 2,386 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	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 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 June 30, 2023 December 31, 2022 (dollars in thousands) Commitments to extend credit $ 860,390 $ 756,885 Standby letters of credit 19,053 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 $4.1 million as of June 30, 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”); and 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. Definitive settlement agreements reflecting the terms of the agreement in principle have been executed and notice to TGC’s investor claimants have been delivered. Motions for final, non-appealable approvals of the settlement agreements and for entry of a bar order were granted and are pending entry of final written order by the Court (“Final Written Order”). The Class Action has been voluntarily dismissed. 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 agreed in principle to the settlements to avoid the cost, risks and distraction of continued litigation. The Company believes the 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 June 30, 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 June 30, 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. The settlement payments will be made within two weeks of the date of the Final Written Order of the Court. 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. On May 15, 2023, the Bank reached an agreement in principle to settle both the DeBaere, et al Miller, et al 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 DeBaere, et al Miller, et al Accordingly, the Bank had in the aggregate a $3.4 million and $2.6 million accrual related to these matters as of June 30, 2023 and December 31, 2022, respectively. An initial $2.6 million accrual was recognized in other noninterest expense during the fourth quarter of 2022, reflecting management’s best estimate at that time, and an additional $0.8 million accrual was recognized in other noninterest expense during the second quarter of 2023 following the agreement in principle to settle both the DeBaere, et al Miller, et al

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
ACCOUNTING POLICIES (Policies)	Jun. 30, 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)	6 Months Ended
ACCOUNTING POLICIES (Tables)	Jun. 30, 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)	6 Months Ended
ACQUISITIONS (Tables)	Jun. 30, 2023
ACQUISITIONS
Schedule of expenses incurred related to the acquisition	Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 (dollars in thousands) PROVISION FOR CREDIT LOSSES $ — $ 5,924 NONINTEREST EXPENSE Salaries 66 3,584 Furniture and equipment 39 39 Data processing 176 2,031 Marketing and customer relations 10 24 Loan collection and servicing 125 125 Legal fees and other noninterest expense 211 1,964 Total noninterest expense 627 7,767 Total acquisition-related expenses $ 627 $ 13,691
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 Pro Forma Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Total revenues (net interest income and noninterest income) $ 58,786 $ 53,431 $ 116,556 $ 107,943 Net income 18,185 16,833 28,200 36,190 Earnings per share - basic 0.57 0.55 0.89 1.17 Earnings per share - diluted 0.57 0.55 0.88 1.17

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
SECURITIES (Tables)	Jun. 30, 2023
SECURITIES
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses	June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ 169,788 $ — $ (14,648) $ — $ 155,140 U.S. government agency 56,833 — (4,409) — 52,424 Municipal 273,263 18 (29,226) — 244,055 Mortgage-backed: Agency residential 208,470 — (18,920) — 189,550 Agency commercial 147,922 3 (17,039) — 130,886 Corporate 57,632 — (6,099) (800) 50,733 Total available-for-sale $ 913,908 $ 21 $ (90,341) $ (800) $ 822,788 June 30, 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 $ 88,436 $ — $ (9,615) $ 78,821 $ — Municipal 39,756 147 (422) 39,481 — Mortgage-backed: Agency residential 100,685 — (7,003) 93,682 — Agency commercial 304,354 — (46,417) 257,937 — Total held-to-maturity $ 533,231 $ 147 $ (63,457) $ 469,921 $ — 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 $ 34,603 $ 33,740 $ 2,451 $ 2,454 Due after 1 year through 5 years 230,246 215,388 27,401 26,424 Due after 5 years through 10 years 236,936 204,230 92,657 84,186 Due after 10 years 55,731 48,994 5,683 5,238 Mortgage-backed: Agency residential 208,470 189,550 100,685 93,682 Agency commercial 147,922 130,886 304,354 257,937 Total $ 913,908 $ 822,788 $ 533,231 $ 469,921
Schedule of gross unrealized losses and fair value of investments	Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total June 30, 2023 Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: (dollars in thousands) U.S. Treasury $ — $ — $ (14,648) $ 155,140 $ (14,648) $ 155,140 U.S. government agency (270) 7,973 (4,139) 44,451 (4,409) 52,424 Municipal (723) 47,645 (28,503) 192,219 (29,226) 239,864 Mortgage-backed: Agency residential (1,305) 36,555 (17,615) 152,961 (18,920) 189,516 Agency commercial (345) 13,093 (16,694) 117,701 (17,039) 130,794 Corporate (1,994) 17,752 (3,928) 31,957 (5,922) 49,709 Total available-for-sale $ (4,637) $ 123,018 $ (85,527) $ 694,429 $ (90,164) $ 817,447 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 sales of debt securities	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Proceeds from sales $ — $ — $ 145,844 $ — Gross realized gains — — — — Gross realized losses — — (1,007) —
Schedule of equity securities with initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses	Readily No Readily Determinable Determinable June 30, 2023 Fair Value Fair Value (dollars in thousands) Initial cost $ 3,142 $ 2,578 Cumulative net unrealized gains (losses) 10 (303) Carrying value $ 3,152 $ 2,275 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 unrealized gains (losses) on equity securities	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Readily determinable fair value $ 7 $ (153) $ 123 $ (340) No readily determinable fair value — — (138) — Unrealized gains (losses) on equity securities $ 7 $ (153) $ (15) $ (340)

LOANS AND RELATED ALLOWANCE F_2

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)	Jun. 30, 2023
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES
Summary of Loans	June 30, 2023 December 31, 2022 (dollars in thousands) Commercial and industrial $ 385,768 $ 266,757 Commercial real estate - owner occupied 303,522 218,503 Commercial real estate - non-owner occupied 882,598 713,202 Construction and land development 335,262 360,824 Multi-family 375,536 287,865 One-to-four family residential 482,442 338,253 Agricultural and farmland 259,858 237,746 Municipal, consumer, and other 219,669 197,103 Loans, before allowance for credit losses 3,244,655 2,620,253 Allowance for credit losses (37,814) (25,333) Loans, net of allowance for credit losses $ 3,206,841 $ 2,594,920
Schedule of activity in allowance for loan losses	Three Months Ended June 30, 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 $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 Provision for credit losses 791 (175) (466) (1,745) 452 (121) (68) 252 (1,080) Charge-offs — — — — — (4) — (175) (179) Recoveries 12 2 164 5 — 37 1 76 297 Ending balance $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 Three Months Ended June 30, 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 $ 2,491 $ 1,511 $ 7,014 $ 4,493 $ 1,354 $ 1,583 $ 842 $ 5,220 $ 24,508 Provision for loan losses 450 (287) (408) (434) 21 51 82 670 145 Charge-offs — — — — — (47) — (112) (159) Recoveries 40 — 5 — — 109 — 86 240 Ending balance $ 2,981 $ 1,224 $ 6,611 $ 4,059 $ 1,375 $ 1,696 $ 924 $ 5,864 $ 24,734 Six Months Ended June 30, 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 1,178 444 (161) (606) 978 960 237 991 4,021 Charge-offs — (3) — — — (26) — (292) (321) Recoveries 31 14 238 8 — 95 2 163 551 Ending balance $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 Six Months Ended June 30, 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 (203) (716) (1,804) (855) 112 171 79 2,777 (439) Charge-offs (5) — — — — (49) — (239) (293) Recoveries 749 100 270 — — 263 — 148 1,530 Ending balance $ 2,981 $ 1,224 $ 6,611 $ 4,059 $ 1,375 $ 1,696 $ 924 $ 5,864 $ 24,734 Commercial Commercial Municipal, Commercial Real Estate Real Estate Construction One-to-four Agricultural Consumer, and Owner Non-owner and Land Family and and June 30, 2023 Industrial Occupied Occupied Development Multi-Family Residential Farmland Other Total Loan balances: (dollars in thousands) Collectively evaluated for impairment $ 385,594 $ 303,271 $ 868,421 $ 335,024 $ 374,578 $ 476,326 $ 259,858 $ 203,767 $ 3,206,839 Individually evaluated for impairment 174 251 14,177 238 958 6,116 — 15,902 37,816 Total $ 385,768 $ 303,522 $ 882,598 $ 335,262 $ 375,536 $ 482,442 $ 259,858 $ 219,669 $ 3,244,655 Allowance for credit losses: Collectively evaluated for impairment $ 3,730 $ 2,350 $ 6,280 $ 5,834 $ 2,603 $ 3,705 $ 2,607 $ 5,656 $ 32,765 Individually evaluated for impairment 5 12 1,258 — — 372 — 3,402 5,049 Total $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 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 gross charge-offs, further sorted by origination year	Gross Charge-Offs for the Three Months Ended June 30, 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 — — — — — — — — — Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — — 4 — — 4 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 100 21 — — — — 54 — 175 Total $ 100 $ 21 $ — $ — $ — $ 4 $ 54 $ — $ 179 Gross Charge-Offs for the Six Months Ended June 30, 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 25 — — 26 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 135 74 — 9 — — 74 — 292 Total $ 135 $ 77 $ — $ 9 $ 1 $ 25 $ 74 $ — $ 321
Schedule of amortized cost of collateral dependent loans	Amortized Cost Allowance Primary Collateral Type for Credit June 30, 2023 Real Estate Vehicles Other Total Losses (dollars in thousands) Commercial and industrial $ — $ — $ 174 $ 174 $ 5 Commercial real estate - owner occupied 251 — — 251 12 Commercial real estate - non-owner occupied 14,177 — — 14,177 1,258 Construction and land development 238 — — 238 — Multi-family 958 — — 958 — One-to-four family residential 6,116 — — 6,116 372 Agricultural and farmland — — — — — Municipal, consumer, and other 15,826 31 45 15,902 3,402 Total $ 37,566 $ 31 $ 219 $ 37,816 $ 5,049
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 June 30, 2022 Average Interest Recorded Income Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 267 $ 4 Commercial real estate - owner occupied 745 11 Commercial real estate - non-owner occupied 14,603 185 Construction and land development — — Multi-family — — One-to-four family residential 548 4 Agricultural and farmland — — Municipal, consumer, and other 8,344 46 Total $ 24,507 $ 250 With no related allowance: Commercial and industrial $ 15,156 $ 156 Commercial real estate - owner occupied 11,887 141 Commercial real estate - non-owner occupied 17,947 340 Construction and land development 2,012 26 Multi-family — — One-to-four family residential 8,181 84 Agricultural and farmland 252 3 Municipal, consumer, and other 4,480 33 Total $ 59,915 $ 783 Total loans individually evaluated for impairment: Commercial and industrial $ 15,423 $ 160 Commercial real estate - owner occupied 12,632 152 Commercial real estate - non-owner occupied 32,550 525 Construction and land development 2,012 26 Multi-family — — One-to-four family residential 8,729 88 Agricultural and farmland 252 3 Municipal, consumer, and other 12,824 79 Total $ 84,422 $ 1,033 Six Months Ended June 30, 2022 Average Interest Recorded Income Investment Recognized With an allowance recorded: (dollars in thousands) Commercial and industrial $ 280 $ 8 Commercial real estate - owner occupied 1,580 44 Commercial real estate - non-owner occupied 14,728 371 Construction and land development — — Multi-family — — One-to-four family residential 597 9 Agricultural and farmland — — Municipal, consumer, and other 8,426 85 Total $ 25,611 $ 517 With no related allowance: Commercial and industrial $ 17,316 $ 356 Commercial real estate - owner occupied 11,460 247 Commercial real estate - non-owner occupied 16,728 538 Construction and land development 2,014 48 Multi-family — — One-to-four family residential 8,453 141 Agricultural and farmland 244 3 Municipal, consumer, and other 4,511 54 Total $ 60,726 $ 1,387 Total loans individually evaluated for impairment: Commercial and industrial $ 17,596 $ 364 Commercial real estate - owner occupied 13,040 291 Commercial real estate - non-owner occupied 31,456 909 Construction and land development 2,014 48 Multi-family — — One-to-four family residential 9,050 150 Agricultural and farmland 244 3 Municipal, consumer, and other 12,937 139 Total $ 86,337 $ 1,904
Schedule of changes in the accretable yield for loans acquired with deteriorated credit quality	Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (dollars in thousands) Beginning balance $ 484 $ 413 Reclassification from non-accretable difference 100 217 Accretion income (47) (93) Ending balance $ 537 $ 537
Schedule of recorded investment on past due basis	Accruing Interest 30 - 89 Days 90+ Days Total June 30, 2023 Current Past Due Past Due Nonaccrual Loans (dollars in thousands) Commercial and industrial $ 385,504 $ 90 $ — $ 174 $ 385,768 Commercial real estate - owner occupied 303,145 126 — 251 303,522 Commercial real estate - non-owner occupied 882,208 — — 390 882,598 Construction and land development 335,024 — — 238 335,262 Multi-family 374,488 90 — 958 375,536 One-to-four family residential 475,473 1,522 — 5,447 482,442 Agricultural and farmland 259,730 128 — — 259,858 Municipal, consumer, and other 219,335 257 1 76 219,669 Total $ 3,234,907 $ 2,213 $ 1 $ 7,534 $ 3,244,655 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 non-accrual loans	Nonaccrual Nonaccrual With With No Allowance for Allowance for Total June 30, 2023 Credit Losses Credit Losses Nonaccrual (dollars in thousands) Commercial and industrial $ 128 $ 46 $ 174 Commercial real estate - owner occupied 74 177 251 Commercial real estate - non-owner occupied 219 171 390 Construction and land development — 238 238 Multi-family — 958 958 One-to-four family residential 129 5,318 5,447 Agricultural and farmland — — — Municipal, consumer, and other — 76 76 Total $ 550 $ 6,984 $ 7,534
Schedule of loans by category risk ratings	June 30, 2023 Pass Pass-Watch Substandard Doubtful Total (dollars in thousands) Commercial and industrial $ 378,223 $ 3,900 $ 3,645 $ — $ 385,768 Commercial real estate - owner occupied 281,115 11,660 10,747 — 303,522 Commercial real estate - non-owner occupied 825,108 33,361 24,129 — 882,598 Construction and land development 329,877 5,055 330 — 335,262 Multi-family 349,513 24,749 1,274 — 375,536 One-to-four family residential 461,525 7,654 13,263 — 482,442 Agricultural and farmland 251,388 5,142 3,328 — 259,858 Municipal, consumer, and other 201,708 1,921 16,040 — 219,669 Total $ 3,078,457 $ 93,442 $ 72,756 $ — $ 3,244,655 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 $ 69,081 $ 63,617 $ 27,992 $ 31,141 $ 6,418 $ 10,665 $ 166,040 $ 3,269 $ 378,223 Pass-Watch 117 934 — 535 825 211 581 697 3,900 Substandard 5 101 — 46 — 49 617 2,827 3,645 Total $ 69,203 $ 64,652 $ 27,992 $ 31,722 $ 7,243 $ 10,925 $ 167,238 $ 6,793 $ 385,768 Commercial real estate - owner occupied Pass $ 19,573 $ 63,767 $ 61,278 $ 59,353 $ 34,394 $ 35,565 $ 7,185 $ — $ 281,115 Pass-Watch 672 2,365 2,773 358 2,747 1,795 950 — 11,660 Substandard — 1,688 3,430 262 673 3,200 1,494 — 10,747 Total $ 20,245 $ 67,820 $ 67,481 $ 59,973 $ 37,814 $ 40,560 $ 9,629 $ — $ 303,522 Commercial real estate - non-owner occupied Pass $ 53,549 $ 260,402 $ 264,052 $ 98,430 $ 86,880 $ 48,439 $ 9,567 $ 3,789 $ 825,108 Pass-Watch 758 — 7,475 — 7,379 3,870 13,734 145 33,361 Substandard 11,774 127 — 73 2,515 9,469 — 171 24,129 Total $ 66,081 $ 260,529 $ 271,527 $ 98,503 $ 96,774 $ 61,778 $ 23,301 $ 4,105 $ 882,598 Construction and land development Pass $ 82,321 $ 154,790 $ 68,926 $ 5,676 $ 3,284 $ 1,791 $ 7,868 $ 5,221 $ 329,877 Pass-Watch 156 2,867 — — — 12 1,183 837 5,055 Substandard — — — — — 317 — 13 330 Total $ 82,477 $ 157,657 $ 68,926 $ 5,676 $ 3,284 $ 2,120 $ 9,051 $ 6,071 $ 335,262 Multi-family Pass $ 35,047 $ 79,926 $ 105,151 $ 58,069 $ 34,925 $ 29,929 $ 5,954 $ 512 $ 349,513 Pass-Watch 2,674 7,273 — 8,833 59 5,558 343 9 24,749 Substandard — — 315 — 489 470 — — 1,274 Total $ 37,721 $ 87,199 $ 105,466 $ 66,902 $ 35,473 $ 35,957 $ 6,297 $ 521 $ 375,536 One-to-four family residential Pass $ 69,055 $ 90,014 $ 88,637 $ 69,356 $ 23,957 $ 57,917 $ 57,698 $ 4,891 $ 461,525 Pass-Watch 1,011 670 1,164 572 713 2,909 295 320 7,654 Substandard 415 2,490 857 1,045 823 4,461 25 3,147 13,263 Total $ 70,481 $ 93,174 $ 90,658 $ 70,973 $ 25,493 $ 65,287 $ 58,018 $ 8,358 $ 482,442 Agricultural and farmland Pass $ 24,392 $ 40,120 $ 39,227 $ 40,052 $ 9,319 $ 9,194 $ 86,766 $ 2,318 $ 251,388 Pass-Watch 825 1,691 96 1,021 145 960 404 — 5,142 Substandard — — 16 3,312 — — — — 3,328 Total $ 25,217 $ 41,811 $ 39,339 $ 44,385 $ 9,464 $ 10,154 $ 87,170 $ 2,318 $ 259,858 Municipal, Consumer, and other Pass $ 31,397 $ 70,574 $ 28,952 $ 15,154 $ 1,793 $ 45,049 $ 8,787 $ 2 $ 201,708 Pass-Watch — 20 26 20 — 1,855 — — 1,921 Substandard 32 94 7 — 46 15,861 — — 16,040 Total $ 31,429 $ 70,688 $ 28,985 $ 15,174 $ 1,839 $ 62,765 $ 8,787 $ 2 $ 219,669 Total by Risk Rating Pass $ 384,415 $ 823,210 $ 684,215 $ 377,231 $ 200,970 $ 238,549 $ 349,865 $ 20,002 $ 3,078,457 Pass-Watch 6,213 15,820 11,534 11,339 11,868 17,170 17,490 2,008 93,442 Substandard 12,226 4,500 4,625 4,738 4,546 33,827 2,136 6,158 72,756 Total $ 402,854 $ 843,530 $ 700,374 $ 393,308 $ 217,384 $ 289,546 $ 369,491 $ 28,168 $ 3,244,655

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	6 Months Ended
LOAN SERVICING (Tables)	Jun. 30, 2023
LOAN SERVICING
Schedule of activity in mortgage servicing rights	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Beginning balance $ 19,992 $ 9,723 $ 10,147 $ 7,994 Acquired — — 10,469 — Capitalized servicing rights 170 136 299 307 Fair value adjustment: Attributable to payments and principal reductions (559) (379) (990) (686) Attributable to changes in valuation inputs and assumptions 530 609 208 2,474 Total fair value adjustment (29) 230 (782) 1,788 Ending balance $ 20,133 $ 10,089 $ 20,133 $ 10,089

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	6 Months Ended
FORECLOSED ASSETS (Tables)	Jun. 30, 2023
FORECLOSED ASSETS
Schedule of foreclosed assets activity	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Beginning balance $ 3,356 $ 3,043 $ 3,030 $ 3,278 Acquired — — 271 — Transfers from loans 65 8 170 27 Proceeds from sales (244) (153) (284) (447) Net gain (loss) on sales 48 (7) 68 98 Direct write-downs (145) — (175) (65) Ending balance $ 3,080 $ 2,891 $ 3,080 $ 2,891
Schedule of gains (losses) on foreclosed assets	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Direct write-downs $ (145) $ — $ (175) $ (65) Net gain (loss) on sales 48 (7) 68 98 Gains (losses) on foreclosed assets $ (97) $ (7) $ (107) $ 33

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
DEPOSITS (Tables)	Jun. 30, 2023
DEPOSITS
Schedule of Company's interest-bearing deposits	June 30, 2023 December 31, 2022 (dollars in thousands) Noninterest-bearing deposits $ 1,125,823 $ 994,954 Interest-bearing deposits: Interest-bearing demand 1,181,187 1,139,150 Money market 730,652 555,425 Savings 657,506 634,527 Time 469,355 262,968 Total interest-bearing deposits 3,038,700 2,592,070 Total deposits $ 4,164,523 $ 3,587,024
Schedule of interest expense on deposits	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Interest-bearing demand $ 683 $ 144 $ 1,141 $ 286 Money market 1,516 110 2,451 231 Savings 189 52 367 102 Time 1,935 200 2,738 456 Total interest expense on deposits $ 4,323 $ 506 $ 6,697 $ 1,075

JUNIOR SUBORDINATED DEBENTURE_2

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS (Tables) - Junior Subordinated Debentures Issued	6 Months Ended
	Jun. 30, 2023
SUBORDINATED NOTES
Schedule of carrying value of subordinated debentures	Carrying Value Face Value June 30, 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 4,821 4,788 Town and Country Statutory Trust II 4,124 4,415 — Town and Country Statutory Trust III 7,732 7,572 — West Plains Investors Statutory Trust I 3,093 2,960 — Total $ 53,714 $ 52,760 $ 37,780
Schedule of interest rates and maturities of the junior subordinated debentures	Interest Rate at Variable June 30, December 31, Maturity Interest Rate 2023 2022 Date Heartland Bancorp, Inc. Capital Trust B LIBOR plus 2.75 % 8.01 % 6.83 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C LIBOR plus 1.53 7.08 6.30 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D LIBOR plus 1.35 6.90 6.12 September 15, 2037 FFBI Capital Trust I LIBOR plus 2.80 8.06 6.88 April 6, 2034 National Bancorp Statutory Trust I LIBOR plus 2.90 8.45 7.67 December 15, 2037 Town and Country Statutory Trust II LIBOR plus 2.79 8.30 N/A March 17, 2034 Town and Country Statutory Trust III LIBOR plus 1.68 7.23 N/A March 22, 2037 West Plains Investors Statutory Trust I LIBOR plus 1.45 7.00 N/A June 15, 2037

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2023
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair values of Company's derivative instrument assets and liabilities related to interest rate swap contracts	June 30, 2023 December 31, 2022 Notional Fair Notional Fair Amount Value Amount Value (dollars in thousands) Fair value recorded in other assets $ 17,000 $ 587 $ 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 Six Months Ended June 30, June 30, 2023 2022 2023 2022 Designated as cash flow hedges: (dollars in thousands) Junior subordinated debentures interest expense $ 109 $ (67) $ 203 $ (163)
Summary of interest rate swap agreements not designated as hedging instruments	June 30, 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 105,954 8,053 106,995 6,981 Total fair value recorded in other assets $ 105,954 $ 8,053 $ 106,995 $ 6,981 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 105,954 $ (8,053) $ 106,995 $ (6,981) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 105,954 $ (8,053) $ 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 Six Months Ended June 30, June 30, 2023 2022 2023 2022 Not designated as hedging instruments: (dollars in thousands) Gross gains $ 1,703 $ 4,681 $ 4,440 $ 10,094 Gross losses (1,703) (4,681) (4,440) (10,094) Net gains (losses) $ — $ — $ — $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Jun. 30, 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 June 30, 2023 Balance, March 31, 2023 $ (52,668) $ (9,596) $ 89 $ (62,175) Other comprehensive income (loss) before reclassifications (12,638) — 201 (12,437) Reclassifications 200 475 (109) 566 Other comprehensive income (loss), before tax (12,438) 475 92 (11,871) Income tax expense (benefit) (3,546) 135 27 (3,384) Other comprehensive income (loss), after tax (8,892) 340 65 (8,487) Balance, June 30, 2023 $ (61,560) $ (9,256) $ 154 $ (70,662) Three Months Ended June 30, 2022 Balance, March 31, 2022 $ (24,794) $ (11,048) $ (258) $ (36,100) Other comprehensive income (loss) before reclassifications (24,151) — 149 (24,002) Reclassifications — 549 67 616 Other comprehensive income (loss), before tax (24,151) 549 216 (23,386) Income tax expense (benefit) (6,884) 157 61 (6,666) Other comprehensive income (loss), after tax (17,267) 392 155 (16,720) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Unrealized Gains (Losses) on Debt Securities Available-for-Sale Held-to-Maturity Derivatives Total (dollars in thousands) Six Months Ended June 30, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications (1,195) — 161 (1,034) Reclassifications 1,807 965 (203) 2,569 Other comprehensive income (loss), before tax 612 965 (42) 1,535 Income tax expense (benefit) 174 275 (11) 438 Other comprehensive income (loss), after tax 438 690 (31) 1,097 Balance, June 30, 2023 $ (61,560) $ (9,256) $ 154 $ (70,662) Six Months Ended June 30, 2022 Balance, December 31, 2021 $ 5,736 $ (3,514) $ (751) $ 1,471 Transfer from available-for-sale to held-to-maturity 7,664 (7,664) — — Other comprehensive income (loss) before reclassifications (77,573) — 743 (76,830) Reclassifications — 730 163 893 Other comprehensive income (loss), before tax (77,573) 730 906 (75,937) Income tax expense (benefit) (22,112) 208 258 (21,646) Other comprehensive income (loss), after tax (55,461) 522 648 (54,291) Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 2023
EARNINGS PER SHARE
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Numerator: Net income $ 18,473 $ 14,085 $ 27,681 $ 27,689 Earnings allocated to participating securities (11) (17) (16) (34) Numerator for earnings per share - basic and diluted $ 18,462 $ 14,068 $ 27,665 $ 27,655 Denominator: Weighted average common shares outstanding 31,980,133 28,891,202 31,481,439 28,938,634 Dilutive effect of outstanding restricted stock units 99,850 53,674 84,981 48,688 Weighted average common shares outstanding, including all dilutive potential shares 32,079,983 28,944,876 31,566,420 28,987,322 Earnings per share - Basic $ 0.58 $ 0.49 $ 0.88 $ 0.96 Earnings per share - Diluted $ 0.58 $ 0.49 $ 0.88 $ 0.95

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	6 Months Ended
STOCK-BASED COMPENSATION PLANS (Tables)	Jun. 30, 2023
STOCK-BASED COMPENSATION PLANS
Summary of stock-based compensation expense	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in thousands) Restricted stock units $ 317 $ 234 $ 594 $ 842 Performance restricted stock units 117 118 357 411 Total awards classified as equity 434 352 951 1,253 Stock appreciation rights (47) 7 (46) (16) Total stock-based compensation expense $ 387 $ 359 $ 905 $ 1,237
Schedule of the summary of outstanding restricted stock units	Three Months Ended June 30, 2023 2022 Weighted Weighted Average Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 129,422 $ 19.58 120,631 $ 17.98 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 129,422 $ 19.58 120,631 $ 17.98 Six Months Ended June 30, 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 June 30, 2023 2022 Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Stock Appreciation Rights Outstanding Weighted Average Grant Date Assigned Value Beginning balance 73,440 $ 16.32 91,800 $ 16.32 Granted — — — — Exercised — — — — Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 91,800 $ 16.32 Six Months Ended June 30, 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 June 30, 2023, is as follows: Weighted Average Stock Appreciation Rights Remaining Grant Date Assigned Values Outstanding Exercisable Contractual Term $ 16.32 73,440 67,320 6.2 years
Schedule of assumptions used in valuing stock appreciation rights	June 30, 2023 December 31, 2022 Risk-free interest rate 4.06 % 3.95 % Expected volatility 37.35 % 36.54 % Expected life (in years) 6.2 6.7 Expected dividend yield 3.69 % 3.27 %
Performance Shares
STOCK-BASED COMPENSATION PLANS
Schedule of the summary of outstanding restricted stock units	Three Months Ended June 30, 2023 2022 Weighted Weighted Performance Average Performance Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value Beginning balance 79,097 $ 18.25 62,067 $ 17.02 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 79,097 $ 18.25 62,067 $ 17.02 Six months ended June 30, 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)	6 Months Ended
REGULATORY MATTERS (Tables)	Jun. 30, 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 June 30, 2023 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 575,030 15.03 % $ 306,067 8.00 % N/A N/A Heartland Bank and Trust Company 566,196 14.82 305,541 8.00 $ 381,926 10.00 % Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 501,898 13.12 % $ 229,551 6.00 % N/A N/A Heartland Bank and Trust Company 532,499 13.94 229,156 6.00 $ 305,541 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated HBT Financial, Inc. $ 450,752 11.78 % $ 172,163 4.50 % N/A N/A Heartland Bank and Trust Company 532,499 13.94 171,867 4.50 $ 248,252 6.50 % Tier 1 Capital (to Average Assets) Consolidated HBT Financial, Inc. $ 501,898 10.07 % $ 199,442 4.00 % N/A N/A Heartland Bank and Trust Company 532,499 10.69 199,201 4.00 $ 249,001 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)	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of assets measured at fair value on a recurring basis	June 30, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Debt securities available-for-sale: U.S. Treasury $ 155,140 $ — $ — $ 155,140 U.S. government agency — 52,424 — 52,424 Municipal — 244,055 — 244,055 Mortgage-backed: Agency residential — 189,550 — 189,550 Agency commercial — 130,886 — 130,886 Corporate — 50,733 — 50,733 Equity securities with readily determinable fair values 3,152 — — 3,152 Mortgage servicing rights — — 20,133 20,133 Derivative financial assets — 8,640 — 8,640 Derivative financial liabilities — 8,053 — 8,053 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): June 30, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Mortgage servicing rights $ 20,133 Discounted cash flows Constant pre-payment rates (CPR) 6.8% to 39.4% (8.0%) Discount rate 9.0% to 23.4% (9.6%) 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	June 30, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (dollars in thousands) Loans held for sale $ — $ 8,829 $ — $ 8,829 Collateral-dependent loans — — 32,767 32,767 Bank premises held for sale — — 35 35 Foreclosed assets — — 3,080 3,080 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): June 30, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 32,767 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 35 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 3,080 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 June 30, 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 $ 109,808 $ 109,808 $ 114,159 $ 114,159 Debt securities held-to-maturity Level 2 533,231 469,921 541,600 478,801 Restricted stock Level 3 11,345 11,345 7,965 7,965 Loans, net Level 3 3,206,841 3,143,481 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 19,900 19,900 19,506 19,506 Financial liabilities: Time deposits Level 3 469,355 457,327 262,968 253,619 Securities sold under agreements to repurchase Level 2 38,729 38,729 43,081 43,081 Subordinated notes Level 3 39,435 32,481 39,395 37,205 Junior subordinated debentures Level 3 52,760 41,993 37,780 37,030 Accrued interest payable Level 2 2,386 2,386 1,363 1,363

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
Schedule of commitments and conditional obligations	Contractual Amount June 30, 2023 December 31, 2022 (dollars in thousands) Commitments to extend credit $ 860,390 $ 756,885 Standby letters of credit 19,053 17,785

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details)	6 Months Ended
ACCOUNTING POLICIES (Details)	Jun. 30, 2023 USD ($) item segment	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
ACCOUNTING POLICIES
Number of Subsidiary \| item	8
Internal review threshold	$ 750,000
Loans		$ 2,594,920,000
Allowance for credit loss		$ 25,333,000	$ 24,734,000	$ 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		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained earnings		$ 241,777		$ 232,004
Allowance for credit loss				25,333	$ 24,734	$ 24,508	$ 23,936
Allowance for credit loss		37,814	$ 38,776
PCD allowance established in acquisition		1,247
Commercial and industrial
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss				3,279	2,981	2,491	2,440
Allowance for credit loss		3,735	2,932
PCD allowance established in acquisition		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				1,193	1,224	1,511	1,840
Allowance for credit loss		2,362	2,535
PCD allowance established in acquisition		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				6,721	6,611	7,014	8,145
Allowance for credit loss		7,538	7,840
PCD allowance established in acquisition		239
Construction and land development
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss				4,223	4,059	4,493	4,914
Allowance for credit loss		5,834	7,574
PCD allowance established in acquisition		240
Multi-family
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss				1,472	1,375	1,354	1,263
Allowance for credit loss		2,603	2,151
PCD allowance established in acquisition		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				1,759	1,696	1,583	1,311
Allowance for credit loss		4,077	4,165
PCD allowance established in acquisition		492
Agricultural and farmland
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss				796	924	842	845
Allowance for credit loss		2,607	2,674
PCD allowance established in acquisition		5
Municipal, consumer, and other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss				$ 5,890	$ 5,864	$ 5,220	$ 3,178
Allowance for credit loss		9,058	$ 8,905
PCD allowance established in acquisition		7
Unfunded Loan Commitment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allowance for credit loss		4,100
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
Allowance for credit loss		6,983
PCD allowance established in acquisition	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)
Allowance for credit loss		(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
Allowance for credit loss		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
Allowance for credit loss		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
Allowance for credit loss		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
Allowance for credit loss		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
Allowance for credit loss		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
Allowance for credit loss		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
Allowance for credit loss		$ 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		6 Months Ended
	Feb. 01, 2023	Jun. 30, 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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Provision for credit losses		$ 145		$ (439)
Furniture and equipment	$ 809	623	$ 1,468	1,175
Total noninterest expense	33,973	23,842	69,906	47,999
Town and Country
Business Acquisition [Line Items]
Provision for credit losses			5,924
Salaries	66		3,584
Furniture and equipment	39		39
Data processing	176		2,031
Marketing and customer relations	10		24
Loan collection and servicing	125		125
Legal fees and other noninterest expense	211		1,964
Total noninterest expense	627		7,767
Acquisition-related expenses, total	$ 627	$ 0	$ 13,691	$ 0

ACQUISITIONS - Assets Acquired

ACQUISITIONS - Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Feb. 01, 2023	Jun. 30, 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		6 Months Ended
	Feb. 01, 2023	Jun. 30, 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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition, Pro Forma Information [Abstract]
Total revenues (net interest income and noninterest income)	$ 58,786	$ 53,431	$ 116,556	$ 107,943
Net income	$ 18,185	$ 16,833	$ 28,200	$ 36,190
Earnings per share - basic	$ 0.57	$ 0.55	$ 0.89	$ 1.17
Earnings per share - diluted	$ 0.57	$ 0.55	$ 0.88	$ 1.17

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
SECURITIES - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
SECURITIES
Adjustment to carrying value of equity securities with no readily determinable fair value		$ 200
Allowance for credit losses	$ 800	800
Debt securities, available-for-sale, accrued interest	6,100	6,100
Impairments of downward adjustments		$ 100
Municipal securities
SECURITIES
Percentage of securities with general obligation issue		81%
Corporate
SECURITIES
Allowance for credit losses	800	$ 800
Provision for credit losses	200	600
Assets Pledged
SECURITIES
Carrying value of securities pledged to secure public and trust deposits	$ 449,600	$ 449,600	$ 332,600

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and Fair values of securities with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Available-for-sale
Amortized cost	$ 913,908
Amortized Cost (Pre-Adoption)		$ 934,456
Gross Unrealized Gains	21	106
Gross Unrealized Losses	(90,341)	(91,038)
Allowance for credit losses	(800)
Fair Value	822,788
Fair Value		843,524
Held-to-maturity
Amortized Cost	533,231
Debt securities held-to-maturity		541,600
Gross Unrealized Gains	147	195
Gross Unrealized Losses	(63,457)	(62,994)
Fair Value	469,921	478,801
U.S. Treasury
Available-for-sale
Amortized cost	169,788
Amortized Cost (Pre-Adoption)		169,860
Gross Unrealized Losses	(14,648)	(15,345)
Fair Value	155,140
Fair Value		154,515
U.S. government agency
Available-for-sale
Amortized cost	56,833
Amortized Cost (Pre-Adoption)		59,291
Gross Unrealized Losses	(4,409)	(4,134)
Fair Value	52,424
Fair Value		55,157
Held-to-maturity
Amortized Cost	88,436
Debt securities held-to-maturity		88,424
Gross Unrealized Losses	(9,615)	(9,728)
Fair Value	78,821	78,696
Municipal securities
Available-for-sale
Amortized cost	273,263
Amortized Cost (Pre-Adoption)		275,972
Gross Unrealized Gains	18	46
Gross Unrealized Losses	(29,226)	(32,189)
Fair Value	244,055
Fair Value		243,829
Held-to-maturity
Amortized Cost	39,756
Debt securities held-to-maturity		42,167
Gross Unrealized Gains	147	195
Gross Unrealized Losses	(422)	(314)
Fair Value	39,481	42,048
Mortgage-backed: Agency residential
Available-for-sale
Amortized cost	208,470
Amortized Cost (Pre-Adoption)		213,676
Gross Unrealized Gains		5
Gross Unrealized Losses	(18,920)	(18,240)
Fair Value	189,550
Fair Value		195,441
Held-to-maturity
Amortized Cost	100,685
Debt securities held-to-maturity		102,728
Gross Unrealized Losses	(7,003)	(6,470)
Fair Value	93,682	96,258
Mortgage-backed: Agency commercial
Available-for-sale
Amortized cost	147,922
Amortized Cost (Pre-Adoption)		150,060
Gross Unrealized Gains	3
Gross Unrealized Losses	(17,039)	(17,172)
Fair Value	130,886
Fair Value		132,888
Held-to-maturity
Amortized Cost	304,354
Debt securities held-to-maturity		308,281
Gross Unrealized Losses	(46,417)	(46,482)
Fair Value	257,937	261,799
Corporate
Available-for-sale
Amortized cost	57,632
Amortized Cost (Pre-Adoption)		65,597
Gross Unrealized Gains		55
Gross Unrealized Losses	(6,099)	(3,958)
Allowance for credit losses	(800)
Fair Value	$ 50,733
Fair Value		$ 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	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2022
Held-to-maturity
Debt securities held-to-maturity		$ 541,600
Fair Value	$ 469,921	478,801
U.S. government agency
Held-to-maturity
Debt securities held-to-maturity		88,424
Fair Value	78,821	78,696
Mortgage-backed: Agency residential
Held-to-maturity
Debt securities held-to-maturity		102,728
Fair Value	93,682	96,258
Mortgage-backed: Agency commercial
Held-to-maturity
Debt securities held-to-maturity		308,281
Fair Value	$ 257,937	$ 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	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
Amortized cost	$ 913,908
Amortized Cost (Pre-Adoption)
Amortized Cost (Pre-Adoption)		$ 934,456
Fair Value
Fair Value	822,788
Amortized Cost (Pre-Adoption)
Amortized Cost	533,231
Debt securities held-to-maturity		541,600
Fair Value
Fair Value	469,921	478,801
Mortgage-backed: Agency residential
Amortized Cost
Amortized cost	208,470
Amortized Cost (Pre-Adoption)
Amortized Cost (Pre-Adoption)		213,676
Fair Value
Fair Value	189,550
Amortized Cost (Pre-Adoption)
Amortized Cost	100,685
Debt securities held-to-maturity		102,728
Fair Value
Fair Value	93,682	96,258
Mortgage-backed: Agency commercial
Amortized Cost
Amortized cost	147,922
Amortized Cost (Pre-Adoption)
Amortized Cost (Pre-Adoption)		150,060
Fair Value
Fair Value	130,886
Amortized Cost (Pre-Adoption)
Amortized Cost	304,354
Debt securities held-to-maturity		308,281
Fair Value
Fair Value	257,937	$ 261,799
Available-for-sale
Amortized Cost
Due in 1 year or less	34,603
Due after 1 year through 5 years	230,246
Due after 5 years through 10 years	236,936
Due after 10 years	55,731
Amortized cost	913,908
Fair Value
Due in 1 year or less	33,740
Due after 1 year through 5 years	215,388
Due after 5 years through 10 years	204,230
Due after 10 years	48,994
Fair Value	822,788
Available-for-sale \| Mortgage-backed: Agency residential
Amortized Cost
Amortized cost	208,470
Fair Value
Fair Value	189,550
Available-for-sale \| Mortgage-backed: Agency commercial
Amortized Cost
Amortized cost	147,922
Fair Value
Fair Value	130,886
Held-to-maturity
Amortized Cost
Due in 1 year or less	2,451
Due after 1 year through 5 years	27,401
Due after 5 years through 10 years	92,657
Due after 10 years	5,683
Amortized Cost (Pre-Adoption)
Amortized Cost	533,231
Fair Value
Due in 1 year or less	2,454
Due after 1 year through 5 years	26,424
Due after 5 years through 10 years	84,186
Due after 10 years	5,238
Fair Value	469,921
Held-to-maturity \| Mortgage-backed: Agency residential
Amortized Cost (Pre-Adoption)
Amortized Cost	100,685
Fair Value
Fair Value	93,682
Held-to-maturity \| Mortgage-backed: Agency commercial
Amortized Cost (Pre-Adoption)
Amortized Cost	304,354
Fair Value
Fair Value	$ 257,937

SECURITIES - Investments in a C

SECURITIES - Investments in a Continuous Unrealized Loss Position (Details) $ in Thousands	1 Months Ended	6 Months Ended
	Aug. 02, 2023 USD ($)	Jun. 30, 2023 USD ($) item	Dec. 31, 2022 USD ($)
Available-for-sale: Unrealized Loss
Less than 12 Months		$ (4,637)	$ (37,977)
12 Months or More		(85,527)	(53,061)
Total Unrealized Loss of Available-for-sale securities		(90,164)	(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		123,018	531,226
12 Months or More		694,429	299,159
Total Fair Value Available-for-sale securities		$ 817,447	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		587
Number of securities in an unrealized loss position for a period of less than twelve months \| item		350
Proceeds from sales of securities available-for-sale	$ 39,400	$ 145,844
U.S. Treasury
Available-for-sale: Unrealized Loss
Less than 12 Months			(8,401)
12 Months or More		(14,648)	(6,944)
Total Unrealized Loss of Available-for-sale securities		(14,648)	(15,345)
Available-for-sale: Fair Value
Less than 12 Months			92,445
12 Months or More		155,140	62,070
Total Fair Value Available-for-sale securities		155,140	154,515
U.S. government agency
Available-for-sale: Unrealized Loss
Less than 12 Months		(270)	(2,980)
12 Months or More		(4,139)	(1,154)
Total Unrealized Loss of Available-for-sale securities		(4,409)	(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		7,973	47,370
12 Months or More		44,451	7,787
Total Fair Value Available-for-sale securities		52,424	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		(723)	(10,906)
12 Months or More		(28,503)	(21,283)
Total Unrealized Loss of Available-for-sale securities		(29,226)	(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		47,645	149,261
12 Months or More		192,219	87,794
Total Fair Value Available-for-sale securities		239,864	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		(1,305)	(8,332)
12 Months or More		(17,615)	(9,908)
Total Unrealized Loss of Available-for-sale securities		(18,920)	(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		36,555	127,288
12 Months or More		152,961	65,692
Total Fair Value Available-for-sale securities		189,516	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		(345)	(4,764)
12 Months or More		(16,694)	(12,408)
Total Unrealized Loss of Available-for-sale securities		(17,039)	(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		13,093	62,672
12 Months or More		117,701	70,216
Total Fair Value Available-for-sale securities		130,794	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		(1,994)	(2,594)
12 Months or More		(3,928)	(1,364)
Total Unrealized Loss of Available-for-sale securities		(5,922)	(3,958)
Available-for-sale: Fair Value
Less than 12 Months		17,752	52,190
12 Months or More		31,957	5,600
Total Fair Value Available-for-sale securities		$ 49,709	$ 57,790

SECURITIES - Sale of debt secur

SECURITIES - Sale of debt securities (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Aug. 02, 2023	Jun. 30, 2023
SECURITIES
Proceeds from sales	$ 39,400	$ 145,844
Gross unrealized losses	$ (800)	$ (1,007)

SECURITIES - Equity securities

SECURITIES - Equity securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Equity Securities - Readily determinable fair value
Equity Securities, Readily determinable fair value, cost	$ 3,142		$ 3,142		$ 3,142
Equity Securities, Readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	10		10		(113)
Equity securities, Readily determinable fair value, Carrying Value	3,152		3,152		3,029
Equity Securities - No readily determinable fair value
Equity Securities, No readily determinable fair value, cost	2,578		2,578		2,142
Equity Securities, No readily determinable fair value, Cumulative Net Unrealized Gains (Losses)	(303)		(303)		(165)
Equity securities: No readily determinable fair value, Carrying Value	2,275		2,275		1,977
Upward adjustment on equity securities with no readily determinable fair value	0		0		$ 0
Proceeds from sale of equity securities	$ 0	$ 0	$ 0	$ 0

SECURITIES - Sale and Gain (los

SECURITIES - Sale and Gain (loss) on securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 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	$ 7	$ (153)	123	$ (340)
No readily determinable fair value			(138)
Gains (losses) on securities	$ 7	$ (153)	$ (15)	$ (340)

LOANS AND RELATED ALLOWANCE F_3

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Categories of loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			$ 2,620,253
Loans, before allowance for credit losses	$ 3,244,655
Allowance for credit losses			(25,333)	$ (24,734)	$ (24,508)	$ (23,936)
Allowance for credit losses	(37,814)	$ (38,776)
Loans, net of allowance for credit losses			2,594,920
Loans, net of allowance for credit losses	3,206,841
Pledged assets
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, net of allowance for credit losses			892,100
Loans, net of allowance for credit losses	1,040,000
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			266,757
Loans, before allowance for credit losses	385,768
Allowance for credit losses			(3,279)	(2,981)	(2,491)	(2,440)
Allowance for credit losses	(3,735)	(2,932)
Commercial and industrial \| Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			28
Loans, before allowance for credit losses	22
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			218,503
Loans, before allowance for credit losses	303,522
Allowance for credit losses			(1,193)	(1,224)	(1,511)	(1,840)
Allowance for credit losses	(2,362)	(2,535)
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			713,202
Loans, before allowance for credit losses	882,598
Allowance for credit losses			(6,721)	(6,611)	(7,014)	(8,145)
Allowance for credit losses	(7,538)	(7,840)
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			360,824
Loans, before allowance for credit losses	335,262
Allowance for credit losses			(4,223)	(4,059)	(4,493)	(4,914)
Allowance for credit losses	(5,834)	(7,574)
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			287,865
Loans, before allowance for credit losses	375,536
Allowance for credit losses			(1,472)	(1,375)	(1,354)	(1,263)
Allowance for credit losses	(2,603)	(2,151)
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			338,253
Loans, before allowance for credit losses	482,442
Allowance for credit losses			(1,759)	(1,696)	(1,583)	(1,311)
Allowance for credit losses	(4,077)	(4,165)
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			237,746
Loans, before allowance for credit losses	259,858
Allowance for credit losses			(796)	(924)	(842)	(845)
Allowance for credit losses	(2,607)	(2,674)
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses			197,103
Loans, before allowance for credit losses	219,669
Allowance for credit losses			$ (5,890)	$ (5,864)	$ (5,220)	$ (3,178)
Allowance for credit losses	$ (9,058)	$ (8,905)

LOANS AND RELATED ALLOWANCE F_4

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Activity in Allowance (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	$ 25,333		$ 24,508	$ 25,333	$ 23,936
Provision for credit losses			145		(439)
Charge-offs			(159)		(293)
Recoveries			240		1,530
Financing Receivable, Allowance for Credit Loss, Ending Balance			24,734		24,734
Financing Receivable, Allowance for Credit Loss, Beginning Balance		$ 38,776
PCD allowance established in acquisition				1,247
Provision for credit losses		(1,080)		4,021
Charge-offs		(179)		(321)
Recoveries		297		551
Financing Receivable, Allowance for Credit Loss, Ending Balance		37,814		37,814
Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Ending 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		2,491	3,279	2,440
Provision for credit losses			450		(203)
Charge-offs					(5)
Recoveries			40		749
Financing Receivable, Allowance for Credit Loss, Ending Balance			2,981		2,981
Financing Receivable, Allowance for Credit Loss, Beginning Balance		2,932
PCD allowance established in acquisition				69
Provision for credit losses		791		1,178
Recoveries		12		31
Financing Receivable, Allowance for Credit Loss, Ending Balance		3,735		3,735
Commercial and industrial \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Ending Balance	(822)
Financing Receivable, Allowance for Credit Loss, Ending Balance		(822)		(822)
Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,193		1,511	1,193	1,840
Provision for credit losses			(287)		(716)
Recoveries					100
Financing Receivable, Allowance for Credit Loss, Ending Balance			1,224		1,224
Financing Receivable, Allowance for Credit Loss, Beginning Balance		2,535
PCD allowance established in acquisition				127
Provision for credit losses		(175)		444
Charge-offs				(3)
Recoveries		2		14
Financing Receivable, Allowance for Credit Loss, Ending Balance		2,362		2,362
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, Ending 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		7,014	6,721	8,145
Provision for credit losses			(408)		(1,804)
Recoveries			5		270
Financing Receivable, Allowance for Credit Loss, Ending Balance			6,611		6,611
Financing Receivable, Allowance for Credit Loss, Beginning Balance		7,840
PCD allowance established in acquisition				239
Provision for credit losses		(466)		(161)
Recoveries		164		238
Financing Receivable, Allowance for Credit Loss, Ending Balance		7,538		7,538
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, Ending Balance	501
Financing Receivable, Allowance for Credit Loss, Ending Balance		501		501
Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	4,223		4,493	4,223	4,914
Provision for credit losses			(434)		(855)
Financing Receivable, Allowance for Credit Loss, Ending Balance			4,059		4,059
Financing Receivable, Allowance for Credit Loss, Beginning Balance		7,574
PCD allowance established in acquisition				240
Provision for credit losses		(1,745)		(606)
Recoveries		5		8
Financing Receivable, Allowance for Credit Loss, Ending Balance		5,834		5,834
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, Ending Balance	1,969
Financing Receivable, Allowance for Credit Loss, Ending Balance		1,969		1,969
Multi-family
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,472		1,354	1,472	1,263
Provision for credit losses			21		112
Financing Receivable, Allowance for Credit Loss, Ending Balance			1,375		1,375
Financing Receivable, Allowance for Credit Loss, Beginning Balance		2,151
PCD allowance established in acquisition				68
Provision for credit losses		452		978
Financing Receivable, Allowance for Credit Loss, Ending Balance		2,603		2,603
Multi-family \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Ending Balance	85
Financing Receivable, Allowance for Credit Loss, Ending Balance		85		85
One-to-four family residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,759		1,583	1,759	1,311
Provision for credit losses			51		171
Charge-offs			(47)		(49)
Recoveries			109		263
Financing Receivable, Allowance for Credit Loss, Ending Balance			1,696		1,696
Financing Receivable, Allowance for Credit Loss, Beginning Balance		4,165
PCD allowance established in acquisition				492
Provision for credit losses		(121)		960
Charge-offs		(4)		(26)
Recoveries		37		95
Financing Receivable, Allowance for Credit Loss, Ending Balance		4,077		4,077
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, Ending Balance	797
Financing Receivable, Allowance for Credit Loss, Ending Balance		797		797
Agricultural and farmland
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	796		842	796	845
Provision for credit losses			82		79
Financing Receivable, Allowance for Credit Loss, Ending Balance			924		924
Financing Receivable, Allowance for Credit Loss, Beginning Balance		2,674
PCD allowance established in acquisition				5
Provision for credit losses		(68)		237
Recoveries		1		2
Financing Receivable, Allowance for Credit Loss, Ending Balance		2,607		2,607
Agricultural and farmland \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Ending Balance	1,567
Financing Receivable, Allowance for Credit Loss, Ending Balance		1,567		1,567
Municipal, consumer, and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	5,890		5,220	5,890	3,178
Provision for credit losses			670		2,777
Charge-offs			(112)		(239)
Recoveries			86		148
Financing Receivable, Allowance for Credit Loss, Ending Balance			$ 5,864		$ 5,864
Financing Receivable, Allowance for Credit Loss, Beginning Balance		8,905
PCD allowance established in acquisition				7
Provision for credit losses		252		991
Charge-offs		(175)		(292)
Recoveries		76		163
Financing Receivable, Allowance for Credit Loss, Ending Balance		9,058		9,058
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, Ending 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	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Gross write-offs, 2023	$ 100	$ 135
Gross write-offs, 2022	21	77
Gross write-offs, 2020		9
Gross write-offs, 2019		1
Gross write-offs, Prior	4	25
Gross write-offs, Revolving loans	54	74
Gross charge-offs	179	321
Commercial real estate - owner occupied
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Gross write-offs, 2022		3
Gross charge-offs		3
One-to-four family residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Gross write-offs, 2019		1
Gross write-offs, Prior	4	25
Gross charge-offs	4	26
Municipal, consumer, and other
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Gross write-offs, 2023	100	135
Gross write-offs, 2022	21	74
Gross write-offs, 2020		9
Gross write-offs, Revolving loans	54	74
Gross charge-offs	$ 175	$ 292

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	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	$ 3,206,839
Individually evaluated for impairment, Loans	37,816
Financing Receivable, before Allowance for Credit Loss, Total	3,244,655
Collectively evaluated for impairment, Allowance for loan losses	32,765
Individually evaluated for impairment, Allowance for loan losses	5,049
Allowance for credit loss	37,814	$ 38,776
Financing Receivable, before Allowance for Credit Loss, Total			$ 2,620,253
Allowance for credit loss			25,333	$ 24,734	$ 24,508	$ 23,936
Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			2,527,562
Allowance for credit loss			18,984
Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			71,715
Allowance for credit loss			6,320
Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			20,976
Allowance for credit loss			29
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	385,594
Individually evaluated for impairment, Loans	174
Financing Receivable, before Allowance for Credit Loss, Total	385,768
Collectively evaluated for impairment, Allowance for loan losses	3,730
Individually evaluated for impairment, Allowance for loan losses	5
Allowance for credit loss	3,735	2,932
Financing Receivable, before Allowance for Credit Loss, Total			266,757
Allowance for credit loss			3,279	2,981	2,491	2,440
Commercial and industrial \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			261,833
Allowance for credit loss			3,121
Commercial and industrial \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			4,818
Allowance for credit loss			158
Commercial and industrial \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			106
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	303,271
Individually evaluated for impairment, Loans	251
Financing Receivable, before Allowance for Credit Loss, Total	303,522
Collectively evaluated for impairment, Allowance for loan losses	2,350
Individually evaluated for impairment, Allowance for loan losses	12
Allowance for credit loss	2,362	2,535
Financing Receivable, before Allowance for Credit Loss, Total			218,503
Allowance for credit loss			1,193	1,224	1,511	1,840
Commercial real estate - owner occupied \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			203,558
Allowance for credit loss			1,008
Commercial real estate - owner occupied \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			11,366
Allowance for credit loss			168
Commercial real estate - owner occupied \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			3,579
Allowance for credit loss			17
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	868,421
Individually evaluated for impairment, Loans	14,177
Financing Receivable, before Allowance for Credit Loss, Total	882,598
Collectively evaluated for impairment, Allowance for loan losses	6,280
Individually evaluated for impairment, Allowance for loan losses	1,258
Allowance for credit loss	7,538	7,840
Financing Receivable, before Allowance for Credit Loss, Total			713,202
Allowance for credit loss			6,721	6,611	7,014	8,145
Commercial real estate - non-owner occupied \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			671,663
Allowance for credit loss			4,332
Commercial real estate - non-owner occupied \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			30,509
Allowance for credit loss			2,388
Commercial real estate - non-owner occupied \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			11,030
Allowance for credit loss			1
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	335,024
Individually evaluated for impairment, Loans	238
Financing Receivable, before Allowance for Credit Loss, Total	335,262
Collectively evaluated for impairment, Allowance for loan losses	5,834
Allowance for credit loss	5,834	7,574
Financing Receivable, before Allowance for Credit Loss, Total			360,824
Allowance for credit loss			4,223	4,059	4,493	4,914
Construction and land development \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			359,892
Allowance for credit loss			4,221
Construction and land development \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			82
Construction and land development \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			850
Allowance for credit loss			2
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	374,578
Individually evaluated for impairment, Loans	958
Financing Receivable, before Allowance for Credit Loss, Total	375,536
Collectively evaluated for impairment, Allowance for loan losses	2,603
Allowance for credit loss	2,603	2,151
Financing Receivable, before Allowance for Credit Loss, Total			287,865
Allowance for credit loss			1,472	1,375	1,354	1,263
Multi-family \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			287,298
Allowance for credit loss			1,470
Multi-family \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			567
Allowance for credit loss			2
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	476,326
Individually evaluated for impairment, Loans	6,116
Financing Receivable, before Allowance for Credit Loss, Total	482,442
Collectively evaluated for impairment, Allowance for loan losses	3,705
Individually evaluated for impairment, Allowance for loan losses	372
Allowance for credit loss	4,077	4,165
Financing Receivable, before Allowance for Credit Loss, Total			338,253
Allowance for credit loss			1,759	1,696	1,583	1,311
One-to-four family residential \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			325,621
Allowance for credit loss			1,709
One-to-four family residential \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			8,399
Allowance for credit loss			44
One-to-four family residential \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			4,233
Allowance for credit loss			6
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	259,858
Financing Receivable, before Allowance for Credit Loss, Total	259,858
Collectively evaluated for impairment, Allowance for loan losses	2,607
Allowance for credit loss	2,607	2,674
Financing Receivable, before Allowance for Credit Loss, Total			237,746
Allowance for credit loss			796	924	842	845
Agricultural and farmland \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			233,118
Allowance for credit loss			796
Agricultural and farmland \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			4,033
Agricultural and farmland \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			595
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Collectively evaluated for impairment, Loans	203,767
Individually evaluated for impairment, Loans	15,902
Financing Receivable, before Allowance for Credit Loss, Total	219,669
Collectively evaluated for impairment, Allowance for loan losses	5,656
Individually evaluated for impairment, Allowance for loan losses	3,402
Allowance for credit loss	$ 9,058	$ 8,905
Financing Receivable, before Allowance for Credit Loss, Total			197,103
Allowance for credit loss			5,890	$ 5,864	$ 5,220	$ 3,178
Municipal, consumer, and other \| Loans Collectively Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			184,579
Allowance for credit loss			2,327
Municipal, consumer, and other \| Loans Individually Evaluated For Impairment [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			12,508
Allowance for credit loss			3,562
Municipal, consumer, and other \| Loans acquired with deteriorated credit quality
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Financing Receivable, before Allowance for Credit Loss, Total			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	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			$ 2,620,253
Amortized cost	$ 3,244,655
Allowance for credit loss			25,333	$ 24,734	$ 24,508	$ 23,936
Allowance for credit loss	37,814	$ 38,776
Accrued interest excluded from estimate of credit losses	13,700
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	37,566
Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	31
Other primary collateral
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	219
Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	37,816
Allowance for credit loss	5,049
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			266,757
Amortized cost	385,768
Allowance for credit loss			3,279	2,981	2,491	2,440
Allowance for credit loss	3,735	2,932
Commercial and industrial \| Other primary collateral
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	174
Commercial and industrial \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	174
Allowance for credit loss	5
Commercial real estate - owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			218,503
Amortized cost	303,522
Allowance for credit loss			1,193	1,224	1,511	1,840
Allowance for credit loss	2,362	2,535
Commercial real estate - owner occupied \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	251
Commercial real estate - owner occupied \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	251
Allowance for credit loss	12
Commercial real estate - non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			713,202
Amortized cost	882,598
Allowance for credit loss			6,721	6,611	7,014	8,145
Allowance for credit loss	7,538	7,840
Commercial real estate - non-owner occupied \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	14,177
Commercial real estate - non-owner occupied \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	14,177
Allowance for credit loss	1,258
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			360,824
Amortized cost	335,262
Allowance for credit loss			4,223	4,059	4,493	4,914
Allowance for credit loss	5,834	7,574
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
Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			287,865
Amortized cost	375,536
Allowance for credit loss			1,472	1,375	1,354	1,263
Allowance for credit loss	2,603	2,151
Multi-family \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	958
Multi-family \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	958
One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			338,253
Amortized cost	482,442
Allowance for credit loss			1,759	1,696	1,583	1,311
Allowance for credit loss	4,077	4,165
One-to-four family residential \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	6,116
One-to-four family residential \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	6,116
Allowance for credit loss	372
Agricultural and farmland
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			237,746
Amortized cost	259,858
Allowance for credit loss			796	924	842	845
Allowance for credit loss	2,607	2,674
Municipal, consumer, and other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost			197,103
Amortized cost	219,669
Allowance for credit loss			$ 5,890	$ 5,864	$ 5,220	$ 3,178
Allowance for credit loss	9,058	$ 8,905
Municipal, consumer, and other \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	15,826
Municipal, consumer, and other \| Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	31
Municipal, consumer, and other \| Other primary collateral
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	45
Municipal, consumer, and other \| Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized cost	15,902
Allowance for credit loss	$ 3,402

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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 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	$ 24,507	$ 25,611
With no related allowance	59,915	60,726
Total loans individually evaluated for impairment	84,422	86,337
Interest Income Recognized
With an allowance recorded	250	517
With no related allowance	783	1,387
Total loans individually evaluated for impairment	1,033	1,904
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	267	280
With no related allowance	15,156	17,316
Total loans individually evaluated for impairment	15,423	17,596
Interest Income Recognized
With an allowance recorded	4	8
With no related allowance	156	356
Total loans individually evaluated for impairment	160	364
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	745	1,580
With no related allowance	11,887	11,460
Total loans individually evaluated for impairment	12,632	13,040
Interest Income Recognized
With an allowance recorded	11	44
With no related allowance	141	247
Total loans individually evaluated for impairment	152	291
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	14,603	14,728
With no related allowance	17,947	16,728
Total loans individually evaluated for impairment	32,550	31,456
Interest Income Recognized
With an allowance recorded	185	371
With no related allowance	340	538
Total loans individually evaluated for impairment	525	909
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	2,012	2,014
Total loans individually evaluated for impairment	2,012	2,014
Interest Income Recognized
With no related allowance	26	48
Total loans individually evaluated for impairment	26	48
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	548	597
With no related allowance	8,181	8,453
Total loans individually evaluated for impairment	8,729	9,050
Interest Income Recognized
With an allowance recorded	4	9
With no related allowance	84	141
Total loans individually evaluated for impairment	88	150
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	252	244
Total loans individually evaluated for impairment	252	244
Interest Income Recognized
With no related allowance	3	3
Total loans individually evaluated for impairment	3	3
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	8,344	8,426
With no related allowance	4,480	4,511
Total loans individually evaluated for impairment	12,824	12,937
Interest Income Recognized
With an allowance recorded	46	85
With no related allowance	33	54
Total loans individually evaluated for impairment	$ 79	$ 139

LOANS AND RELATED ALLOWANCE F_9

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Accretable Yield For Loans PREADOPTION (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Changes in accretable yield for loans acquired with deteriorated credit quality
Beginning balance	$ 484	$ 413
Reclassification from non-accretable difference	100	217
Accretion income	(47)	(93)
Ending balance	$ 537	$ 537

LOANS AND RELATED ALLOWANCE _10

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Past Due Status (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	$ 7,534,000
Nonaccrual	7,534,000	$ 2,155,000
Loans, before allowance for credit losses	3,244,655,000
Loans, before allowance for credit losses		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	2,213,000
Loans, before allowance for credit losses		1,346,000
Current \| 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,000
Loans, before allowance for credit losses		146,000
Current \| Financial Asset, Not Past Due [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,234,907,000
Loans, before allowance for credit losses		2,616,606,000
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	174,000
Nonaccrual		219,000
Loans, before allowance for credit losses	385,768,000
Loans, before allowance for credit losses		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	90,000
Loans, before allowance for credit losses		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	385,504,000
Loans, before allowance for credit losses		266,521,000
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	251,000
Nonaccrual		74,000
Loans, before allowance for credit losses	303,522,000
Loans, before allowance for credit losses		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	126,000
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	303,145,000
Loans, before allowance for credit losses		218,242,000
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	390,000
Nonaccrual		171,000
Loans, before allowance for credit losses	882,598,000
Loans, before allowance for credit losses		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	882,208,000
Loans, before allowance for credit losses		713,031,000
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	238,000
Loans, before allowance for credit losses	335,262,000
Loans, before allowance for credit losses		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		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	335,024,000
Loans, before allowance for credit losses		360,763,000
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	958,000
Loans, before allowance for credit losses	375,536,000
Loans, before allowance for credit losses		287,865,000
Multi-family \| Current \| 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	90,000
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	374,488,000
Loans, before allowance for credit losses		287,854,000
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	5,447,000
Nonaccrual		1,638,000
Loans, before allowance for credit losses	482,442,000
Loans, before allowance for credit losses		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	1,522,000
Loans, before allowance for credit losses		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	475,473,000
Loans, before allowance for credit losses		335,576,000
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	259,858,000
Loans, before allowance for credit losses		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	128,000
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	259,730,000
Loans, before allowance for credit losses		237,727,000
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Nonaccrual	76,000
Nonaccrual		53,000
Loans, before allowance for credit losses	219,669,000
Loans, before allowance for credit losses		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	257,000
Loans, before allowance for credit losses		157,000
Municipal, consumer, and other \| Current \| 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,000
Loans, before allowance for credit losses		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	$ 219,335,000
Loans, before allowance for credit losses		$ 196,892,000

LOANS AND RELATED ALLOWANCE _11

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Non-accrual loans (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	$ 550
Nonaccrual With No Allowance for Credit Losses	6,984
Total Nonaccrual	7,534
Commercial and industrial
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	128
Nonaccrual With No Allowance for Credit Losses	46
Total Nonaccrual	174
Commercial real estate - owner occupied
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	74
Nonaccrual With No Allowance for Credit Losses	177
Total Nonaccrual	251
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
Construction and land development
Financing receivable, nonaccrual
Nonaccrual With No Allowance for Credit Losses	238
Total Nonaccrual	238
Multi-family
Financing receivable, nonaccrual
Nonaccrual With No Allowance for Credit Losses	958
Total Nonaccrual	958
One-to-four family residential
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	129
Nonaccrual With No Allowance for Credit Losses	5,318
Total Nonaccrual	5,447
Municipal, consumer, and other
Financing receivable, nonaccrual
Nonaccrual With No Allowance for Credit Losses	76
Total Nonaccrual	$ 76

LOANS AND RELATED ALLOWANCE _12

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Assigned Risk Ratings (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,244,655
Loans, before allowance for credit losses		$ 2,620,253
Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,078,457
Loans, before allowance for credit losses		2,479,488
Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	93,442
Loans, before allowance for credit losses		66,934
Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	72,756
Loans, before allowance for credit losses		73,831
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	385,768
Loans, before allowance for credit losses		266,757
Commercial and industrial \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	378,223
Loans, before allowance for credit losses		255,309
Commercial and industrial \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,900
Loans, before allowance for credit losses		6,630
Commercial and industrial \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,645
Loans, before allowance for credit losses		4,818
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	303,522
Loans, before allowance for credit losses		218,503
Commercial real estate - owner occupied \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	281,115
Loans, before allowance for credit losses		198,546
Commercial real estate - owner occupied \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	11,660
Loans, before allowance for credit losses		10,105
Commercial real estate - owner occupied \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	10,747
Loans, before allowance for credit losses		9,852
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	882,598
Loans, before allowance for credit losses		713,202
Commercial real estate - non-owner occupied \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	825,108
Loans, before allowance for credit losses		652,691
Commercial real estate - non-owner occupied \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	33,361
Loans, before allowance for credit losses		27,282
Commercial real estate - non-owner occupied \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	24,129
Loans, before allowance for credit losses		33,229
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	335,262
Loans, before allowance for credit losses		360,824
Construction and land development \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	329,877
Loans, before allowance for credit losses		358,215
Construction and land development \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	5,055
Loans, before allowance for credit losses		2,527
Construction and land development \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	330
Loans, before allowance for credit losses		82
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	375,536
Loans, before allowance for credit losses		287,865
Multi-family \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	349,513
Loans, before allowance for credit losses		283,682
Multi-family \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	24,749
Loans, before allowance for credit losses		4,183
Multi-family \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,274
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	482,442
Loans, before allowance for credit losses		338,253
One-to-four family residential \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	461,525
Loans, before allowance for credit losses		323,632
One-to-four family residential \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	7,654
Loans, before allowance for credit losses		5,907
One-to-four family residential \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	13,263
Loans, before allowance for credit losses		8,714
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	259,858
Loans, before allowance for credit losses		237,746
Agricultural and farmland \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	251,388
Loans, before allowance for credit losses		223,114
Agricultural and farmland \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	5,142
Loans, before allowance for credit losses		10,004
Agricultural and farmland \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,328
Loans, before allowance for credit losses		4,628
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	219,669
Loans, before allowance for credit losses		197,103
Municipal, consumer, and other \| Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	201,708
Loans, before allowance for credit losses		184,299
Municipal, consumer, and other \| Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,921
Loans, before allowance for credit losses		296
Municipal, consumer, and other \| Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 16,040
Loans, before allowance for credit losses		$ 12,508

LOANS AND RELATED ALLOWANCE _13

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Loans risk-rated by origination year (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	$ 402,854
2022	843,530
2021	700,374
2020	393,308
2019	217,384
Prior	289,546
Revolving Loans	369,491
Revolving Loans Converted to Term	28,168
Financing Receivable, before Allowance for Credit Loss, Total	3,244,655
Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	384,415
2022	823,210
2021	684,215
2020	377,231
2019	200,970
Prior	238,549
Revolving Loans	349,865
Revolving Loans Converted to Term	20,002
Financing Receivable, before Allowance for Credit Loss, Total	3,078,457
Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	6,213
2022	15,820
2021	11,534
2020	11,339
2019	11,868
Prior	17,170
Revolving Loans	17,490
Revolving Loans Converted to Term	2,008
Financing Receivable, before Allowance for Credit Loss, Total	93,442
Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12,226
2022	4,500
2021	4,625
2020	4,738
2019	4,546
Prior	33,827
Revolving Loans	2,136
Revolving Loans Converted to Term	6,158
Financing Receivable, before Allowance for Credit Loss, Total	72,756
Commercial and industrial
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	69,203
2022	64,652
2021	27,992
2020	31,722
2019	7,243
Prior	10,925
Revolving Loans	167,238
Revolving Loans Converted to Term	6,793
Financing Receivable, before Allowance for Credit Loss, Total	385,768
Commercial and industrial \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	69,081
2022	63,617
2021	27,992
2020	31,141
2019	6,418
Prior	10,665
Revolving Loans	166,040
Revolving Loans Converted to Term	3,269
Financing Receivable, before Allowance for Credit Loss, Total	378,223
Commercial and industrial \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	117
2022	934
2020	535
2019	825
Prior	211
Revolving Loans	581
Revolving Loans Converted to Term	697
Financing Receivable, before Allowance for Credit Loss, Total	3,900
Commercial and industrial \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	5
2022	101
2020	46
Prior	49
Revolving Loans	617
Revolving Loans Converted to Term	2,827
Financing Receivable, before Allowance for Credit Loss, Total	3,645
Commercial real estate - owner occupied
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	20,245
2022	67,820
2021	67,481
2020	59,973
2019	37,814
Prior	40,560
Revolving Loans	9,629
Financing Receivable, before Allowance for Credit Loss, Total	303,522
Commercial real estate - owner occupied \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	19,573
2022	63,767
2021	61,278
2020	59,353
2019	34,394
Prior	35,565
Revolving Loans	7,185
Financing Receivable, before Allowance for Credit Loss, Total	281,115
Commercial real estate - owner occupied \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	672
2022	2,365
2021	2,773
2020	358
2019	2,747
Prior	1,795
Revolving Loans	950
Financing Receivable, before Allowance for Credit Loss, Total	11,660
Commercial real estate - owner occupied \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2022	1,688
2021	3,430
2020	262
2019	673
Prior	3,200
Revolving Loans	1,494
Financing Receivable, before Allowance for Credit Loss, Total	10,747
Commercial real estate - non-owner occupied
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	66,081
2022	260,529
2021	271,527
2020	98,503
2019	96,774
Prior	61,778
Revolving Loans	23,301
Revolving Loans Converted to Term	4,105
Financing Receivable, before Allowance for Credit Loss, Total	882,598
Commercial real estate - non-owner occupied \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	53,549
2022	260,402
2021	264,052
2020	98,430
2019	86,880
Prior	48,439
Revolving Loans	9,567
Revolving Loans Converted to Term	3,789
Financing Receivable, before Allowance for Credit Loss, Total	825,108
Commercial real estate - non-owner occupied \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	758
2021	7,475
2019	7,379
Prior	3,870
Revolving Loans	13,734
Revolving Loans Converted to Term	145
Financing Receivable, before Allowance for Credit Loss, Total	33,361
Commercial real estate - non-owner occupied \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	11,774
2022	127
2020	73
2019	2,515
Prior	9,469
Revolving Loans Converted to Term	171
Financing Receivable, before Allowance for Credit Loss, Total	24,129
Construction and land development
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	82,477
2022	157,657
2021	68,926
2020	5,676
2019	3,284
Prior	2,120
Revolving Loans	9,051
Revolving Loans Converted to Term	6,071
Financing Receivable, before Allowance for Credit Loss, Total	335,262
Construction and land development \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	82,321
2022	154,790
2021	68,926
2020	5,676
2019	3,284
Prior	1,791
Revolving Loans	7,868
Revolving Loans Converted to Term	5,221
Financing Receivable, before Allowance for Credit Loss, Total	329,877
Construction and land development \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	156
2022	2,867
Prior	12
Revolving Loans	1,183
Revolving Loans Converted to Term	837
Financing Receivable, before Allowance for Credit Loss, Total	5,055
Construction and land development \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	317
Revolving Loans Converted to Term	13
Financing Receivable, before Allowance for Credit Loss, Total	330
Multi-family
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	37,721
2022	87,199
2021	105,466
2020	66,902
2019	35,473
Prior	35,957
Revolving Loans	6,297
Revolving Loans Converted to Term	521
Financing Receivable, before Allowance for Credit Loss, Total	375,536
Multi-family \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	35,047
2022	79,926
2021	105,151
2020	58,069
2019	34,925
Prior	29,929
Revolving Loans	5,954
Revolving Loans Converted to Term	512
Financing Receivable, before Allowance for Credit Loss, Total	349,513
Multi-family \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,674
2022	7,273
2020	8,833
2019	59
Prior	5,558
Revolving Loans	343
Revolving Loans Converted to Term	9
Financing Receivable, before Allowance for Credit Loss, Total	24,749
Multi-family \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2021	315
2019	489
Prior	470
Financing Receivable, before Allowance for Credit Loss, Total	1,274
One-to-four family residential
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	70,481
2022	93,174
2021	90,658
2020	70,973
2019	25,493
Prior	65,287
Revolving Loans	58,018
Revolving Loans Converted to Term	8,358
Financing Receivable, before Allowance for Credit Loss, Total	482,442
One-to-four family residential \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	69,055
2022	90,014
2021	88,637
2020	69,356
2019	23,957
Prior	57,917
Revolving Loans	57,698
Revolving Loans Converted to Term	4,891
Financing Receivable, before Allowance for Credit Loss, Total	461,525
One-to-four family residential \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	1,011
2022	670
2021	1,164
2020	572
2019	713
Prior	2,909
Revolving Loans	295
Revolving Loans Converted to Term	320
Financing Receivable, before Allowance for Credit Loss, Total	7,654
One-to-four family residential \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	415
2022	2,490
2021	857
2020	1,045
2019	823
Prior	4,461
Revolving Loans	25
Revolving Loans Converted to Term	3,147
Financing Receivable, before Allowance for Credit Loss, Total	13,263
Agricultural and farmland
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	25,217
2022	41,811
2021	39,339
2020	44,385
2019	9,464
Prior	10,154
Revolving Loans	87,170
Revolving Loans Converted to Term	2,318
Financing Receivable, before Allowance for Credit Loss, Total	259,858
Agricultural and farmland \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	24,392
2022	40,120
2021	39,227
2020	40,052
2019	9,319
Prior	9,194
Revolving Loans	86,766
Revolving Loans Converted to Term	2,318
Financing Receivable, before Allowance for Credit Loss, Total	251,388
Agricultural and farmland \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	825
2022	1,691
2021	96
2020	1,021
2019	145
Prior	960
Revolving Loans	404
Financing Receivable, before Allowance for Credit Loss, Total	5,142
Agricultural and farmland \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2021	16
2020	3,312
Financing Receivable, before Allowance for Credit Loss, Total	3,328
Municipal, consumer, and other
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	31,429
2022	70,688
2021	28,985
2020	15,174
2019	1,839
Prior	62,765
Revolving Loans	8,787
Revolving Loans Converted to Term	2
Financing Receivable, before Allowance for Credit Loss, Total	219,669
Municipal, consumer, and other \| Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	31,397
2022	70,574
2021	28,952
2020	15,154
2019	1,793
Prior	45,049
Revolving Loans	8,787
Revolving Loans Converted to Term	2
Financing Receivable, before Allowance for Credit Loss, Total	201,708
Municipal, consumer, and other \| Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2022	20
2021	26
2020	20
Prior	1,855
Financing Receivable, before Allowance for Credit Loss, Total	1,921
Municipal, consumer, and other \| Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	32
2022	94
2021	7
2019	46
Prior	15,861
Financing Receivable, before Allowance for Credit Loss, Total	$ 16,040

LOANS AND RELATED ALLOWANCE _14

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Troubled Debt Restructurings, Pledged loans (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022 loan	Jun. 30, 2022 loan	Jun. 30, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Number of Loans \| loan			0
Number of Loans \| loan	0	0
Troubled debt restructurings				$ 3,000
Loans			$ 3,206,841
Loans				2,594,920
Pledged assets
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans			$ 1,040,000
Loans				$ 892,100

LOAN SERVICING - Mortgage Servi

LOAN SERVICING - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance			$ 10,147
Ending balance	$ 20,133		20,133		$ 10,147
Mortgage Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Beginning balance	19,992	$ 9,723	10,147	$ 7,994	7,994
Acquired			10,469
Capitalized servicing rights	170	136	299	307
Attributable to payments and principal reductions	(559)	(379)	(990)	(686)
Attributable to changes in valuation inputs and assumptions	530	609	208	2,474
Total fair value adjustment	(29)	230	(782)	1,788
Ending balance	$ 20,133	$ 10,089	20,133	$ 10,089	10,147
Mortgage loans serviced for others			$ 1,720,000		$ 955,800

FORECLOSED ASSETS - Activity (D

FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
FORECLOSED ASSETS
Beginning balance	$ 3,356	$ 3,043	$ 3,030	$ 3,278
Acquired			271
Transfers from loans	65	8	170	27
Proceeds from sales	(244)	(153)	(284)	(447)
Net gain (loss) on sales	48	(7)	68	98
Direct write-downs	(145)		(175)	(65)
Ending balance	$ 3,080	$ 2,891	$ 3,080	$ 2,891

FORECLOSED ASSETS - Gains (loss

FORECLOSED ASSETS - Gains (losses) on Foreclosed Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
FORECLOSED ASSETS
Direct write-downs	$ (145)		$ (175)	$ (65)
Net gain (loss) on sales	48	$ (7)	68	98
Gains (losses) on foreclosed assets	$ (97)	$ (7)	$ (107)	$ 33

FORECLOSED ASSETS - Additional

FORECLOSED ASSETS - Additional Information (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 3,080	$ 3,030	$ 3,356	$ 2,891	$ 3,043	$ 3,278
One-to-four family residential real estate property
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 200	$ 20
Number of loans in the process of foreclosure \| loan	16	4
Loan amount in the process of foreclosure	$ 1,400	$ 200

DEPOSITS - Interest bearing Dep

DEPOSITS - Interest bearing Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
DEPOSITS
Noninterest-bearing deposits	$ 1,125,823	$ 994,954
Interest-bearing demand	1,181,187	1,139,150
Money market	730,652	555,425
Savings	657,506	634,527
Time	469,355	262,968
Total interest-bearing deposits	3,038,700	2,592,070
Total deposits	$ 4,164,523	$ 3,587,024

DEPOSITS - Interest bearing D_2

DEPOSITS - Interest bearing Deposits - Narrative (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
DEPOSITS
Brokered deposits		$ 0
Reciprocal transaction deposits, Interest bearing demand deposits	$ 41.6
Reciprocal transaction deposits, Money market deposits	11.7	1.7
Reciprocal transaction deposits, Time deposits	38.8	1.6
Time deposits in denominations of $250,000 or more	78.7	27.2
Time deposits in denominations of $100,000 or more	236.8	$ 92.6
Money Market Funds [Member]
DEPOSITS
Brokered deposits	50
Bank Time Deposits [Member]
DEPOSITS
Brokered deposits	$ 1

DEPOSITS - Interest expense on

DEPOSITS - Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
DEPOSITS
Interest-bearing demand	$ 683	$ 144	$ 1,141	$ 286
Money market	1,516	110	2,451	231
Savings	189	52	367	102
Time	1,935	200	2,738	456
Total interest expense on deposits	$ 4,323	$ 506	$ 6,697	$ 1,075

JUNIOR SUBORDINATED DEBENTURE_3

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Carrying Values (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) item	Dec. 31, 2022 USD ($)
SUBORDINATED NOTES
Number of subsidiary business trusts \| item	8
Junior subordinated debentures	$ 52,760	$ 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	52,760	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	4,821	$ 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	4,415
Junior Subordinated Debentures Issued \| Town And Country Statutory Trust III [Member]
SUBORDINATED NOTES
Subordinated notes, at face value	7,732
Junior subordinated debentures	7,572
Junior Subordinated Debentures Issued \| West Plains Investors Statutory Trust I
SUBORDINATED NOTES
Subordinated notes, at face value	3,093
Junior subordinated debentures	$ 2,960

JUNIOR SUBORDINATED DEBENTURE_4

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Interest rate and maturities (Details)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Heartland Bancorp, Inc. Capital Trust B
SUBORDINATED NOTES
Spread on interest rate basis	2.75%
Interest Rate	8.01%	6.83%
Heartland Bancorp, Inc. Capital Trust C
SUBORDINATED NOTES
Spread on interest rate basis	1.53%
Interest Rate	7.08%	6.30%
Heartland Bancorp, Inc. Capital Trust D
SUBORDINATED NOTES
Spread on interest rate basis	1.35%
Interest Rate	6.90%	6.12%
FFBI Capital Trust I
SUBORDINATED NOTES
Spread on interest rate basis	2.80%
Interest Rate	8.06%	6.88%
National Bancorp Statutory Trust I
SUBORDINATED NOTES
Spread on interest rate basis	2.90%
Interest Rate	8.45%	7.67%
Town And Country Statutory Trust II [Member]
SUBORDINATED NOTES
Spread on interest rate basis	2.79%
Interest Rate	8.30%
Town And Country Statutory Trust III [Member]
SUBORDINATED NOTES
Spread on interest rate basis	1.68%
Interest Rate	7.23%
WPI Statutory Trust I [Member]
SUBORDINATED NOTES
Spread on interest rate basis	1.45%
Interest Rate	7%

JUNIOR SUBORDINATED DEBENTURE_5

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Narrative (Details) - period	6 Months Ended
	Jun. 30, 2023	Jun. 30, 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	Jun. 30, 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	Jun. 30, 2023	Dec. 31, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Fair value recorded in other assets	$ 587	$ 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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash flow hedge \| Subordinated debentures interest expense
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income (loss)	$ 109	$ (67)	$ 203	$ (163)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts not designated as hedging instruments (Details) - Not designated - Interest rate swap - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Gross gains	$ 1,703	$ 4,681	$ 4,440	$ 10,094
Derivative, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Gross losses	$ (1,703)	$ (4,681)	$ (4,440)	$ (10,094)
Derivative, Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Other assets
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	$ 105,954		$ 105,954		$ 106,995
Derivative financial assets fair value	8,053		8,053		6,981
Other assets \| Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	105,954		105,954		106,995
Derivative financial assets fair value	8,053		8,053		6,981
Other liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	105,954		105,954		106,995
Derivative financial liabilities fair value	(8,053)		(8,053)		(6,981)
Other liabilities \| Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	105,954		105,954		106,995
Derivative financial liabilities fair value	$ (8,053)		$ (8,053)		$ (6,981)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	$ 450,098	$ 383,155	$ 373,632	$ 411,881
Other comprehensive income (loss), before tax	(11,871)	(23,386)	1,535	(75,937)
Income tax (benefit) expense	(3,384)	(6,666)	438	(21,646)
Other comprehensive income (loss), after tax	(8,487)	(16,720)	1,097	(54,291)
Balance	450,852	373,809	450,852	373,809
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(62,175)	(36,100)	(71,759)	1,471
Other comprehensive income (loss) before reclassifications	(12,437)	(24,002)	(1,034)	(76,830)
Reclassifications	566	616	2,569	893
Other comprehensive income (loss), before tax	(11,871)	(23,386)	1,535	(75,937)
Income tax (benefit) expense	(3,384)	(6,666)	438	(21,646)
Other comprehensive income (loss), after tax	(8,487)	(16,720)	1,097	(54,291)
Balance	(70,662)	(52,820)	(70,662)	(52,820)
Unrealized gains (losses) on available-for-sale securities
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(52,668)	(24,794)	(61,998)	5,736
Transfer from available-for-sale to held-to-maturity				7,664
Other comprehensive income (loss) before reclassifications	(12,638)	(24,151)	(1,195)	(77,573)
Reclassifications	200		1,807
Other comprehensive income (loss), before tax	(12,438)	(24,151)	612	(77,573)
Income tax (benefit) expense	(3,546)	(6,884)	174	(22,112)
Other comprehensive income (loss), after tax	(8,892)	(17,267)	438	(55,461)
Balance	(61,560)	(42,061)	(61,560)	(42,061)
Unrealized gains (losses) on held-to-maturity securities
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	(9,596)	(11,048)	(9,946)	(3,514)
Transfer from available-for-sale to held-to-maturity				(7,664)
Reclassifications	475	549	965	730
Other comprehensive income (loss), before tax	475	549	965	730
Income tax (benefit) expense	135	157	275	208
Other comprehensive income (loss), after tax	340	392	690	522
Balance	(9,256)	(10,656)	(9,256)	(10,656)
Derivatives
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	89	(258)	185	(751)
Other comprehensive income (loss) before reclassifications	201	149	161	743
Reclassifications	(109)	67	(203)	163
Other comprehensive income (loss), before tax	92	216	(42)	906
Income tax (benefit) expense	27	61	(11)	258
Other comprehensive income (loss), after tax	65	155	(31)	648
Balance	154	$ (103)	154	$ (103)
Cumulative Effect, Period of Adoption, Adjustment [Member]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance	$ (6,922)		$ (6,922)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income	$ 18,473	$ 14,085	$ 27,681	$ 27,689
Earnings allocated to participating securities	(11)	(17)	(16)	(34)
Numerator for earnings per share - basic	$ 18,462	$ 14,068	$ 27,665	$ 27,655
Denominator:
Weighted average common shares outstanding	31,980,133	28,891,202	31,481,439	28,938,634
Dilutive effect of outstanding restricted stock units	99,850	53,674	84,981	48,688
Weighted average common shares outstanding, including all dilutive potential shares	32,079,983	28,944,876	31,566,420	28,987,322
Earnings per share - Basic	$ 0.58	$ 0.49	$ 0.88	$ 0.96
Earnings per share - Diluted	$ 0.58	$ 0.49	$ 0.88	$ 0.95

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
STOCK-BASED COMPENSATION PLANS (Details) $ in Thousands	Feb. 28, 2022	Jun. 30, 2023 USD ($) item	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) item installment	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Oct. 09, 2019 shares
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		$ 387	$ 359	$ 905	$ 1,237
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		$ 317	234	$ 594	842
Number of shares participant is entitled to receive \| item		1		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		$ 1,600		$ 1,600
Weighted average remaining service period				1 year 9 months 18 days
Performance Shares
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		117	118	$ 357	411
Unrecognized compensation cost related to non-vested stock-based compensation agreements		$ 500		$ 500
Weighted average remaining service period				1 year 8 months 12 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%		0%
Performance Shares \| Maximum
STOCK-BASED COMPENSATION PLANS
Percentage of the number of units granted that may be earned		150%		150%
Total awards classified as equity
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		$ 434	352	$ 951	1,253
Stock Appreciation Rights
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense		(47)	$ 7	$ (46)	$ (16)
Vesting period				4 years
Unrecognized compensation cost related to non-vested stock-based compensation agreements		6		$ 6
Stock appreciation rights plan liability recorded for the outstanding units		400		400		$ 500
Stock appreciation rights plan liability recorded for the previously exercised units		$ 200		$ 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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restricted Stock Units
Stock-based compensation plans
Outstanding (in units)	129,422	120,631	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	129,422	120,631
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 19.58	$ 17.98	$ 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	$ 19.58	$ 17.98
Performance Shares
Stock-based compensation plans
Outstanding (in units)	79,097	62,067	62,067	38,344
Granted (in units)			17,030	23,723
Outstanding (in units)	79,097	62,067	79,097	62,067
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 18.25	$ 17.02	$ 17.02	$ 15.72
Granted (in dollars per unit)			22.72	19.14
Outstanding (in dollars per unit)	$ 18.25	$ 17.02	$ 18.25	$ 17.02
Stock Appreciation Rights
Stock-based compensation plans
Outstanding (in units)	73,440	91,800	73,440	97,920
Granted (in units)
Exercised (in units)				(6,120)
Outstanding (in units)	73,440	91,800	73,440	91,800
Exercisable (in shares)	67,320		67,320
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per unit)	$ 16.32	$ 16.32	$ 16.32	$ 16.32
Granted (in dollars per unit)
Exercised (in dollars per unit)				16.32
Outstanding (in dollars per unit)	$ 16.32	$ 16.32	$ 16.32	$ 16.32
Weighted average remaining contractual term			6 years 2 months 12 days

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS - Summary of assumptions used (Details) - Stock Appreciation Rights	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.06%	3.95%
Expected volatility	37.35%	36.54%
Expected life (in years)	6 years 2 months 12 days	6 years 8 months 12 days
Expected dividend yield	3.69%	3.27%

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Jun. 30, 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	$ 566,196	$ 489,316
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	305,541	253,643
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	381,926	317,054
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	532,499	463,983
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	229,156	190,233
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	305,541	253,643
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	532,499	463,983
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	171,867	142,674
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	248,252	206,085
Tier 1 Capital (to Average Assets), Actual Amount	532,499	463,983
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	199,201	172,240
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 249,001	$ 215,300
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1482	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)	0.1394	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)	0.1394%	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)	0.1069	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	$ 575,030	$ 516,556
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	306,067	254,052
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	501,898	451,828
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	229,551	190,539
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual Amount	450,752	415,213
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes Amount	172,163	142,904
Tier 1 Capital (to Average Assets), Actual Amount	501,898	451,828
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes Amount	$ 199,442	$ 172,427
Total Capital (to Risk Weighted Assets), Actual Ratio (as a percent)	0.1503	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)	0.1312	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)	0.1178%	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)	0.1007	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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					$ 843,524
Debt securities available-for-sale	$ 822,788		$ 822,788
Equity securities	3,152		3,152		3,029
Mortgage servicing rights, at fair value	20,133		20,133		10,147
Transfer of assets from level 1 to level 2	0	$ 0	0	$ 0
Transfer of assets from level 2 to level 1	0	0	0	0
Transfer of assets in to level 3	0	0	0	0
Transfer of assets out of level 3	0	0	0	0
Transfer of liabilities from level 1 to level 2	0	0	0	0
Transfer of liabilities from level 2 to level 1	0	0	0	0
Transfer of liabilities in to level 3	0	0	0	0
Transfer of liabilities out of level 3	0	$ 0	0	$ 0
U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					154,515
Debt securities available-for-sale	155,140		155,140
U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					55,157
Debt securities available-for-sale	52,424		52,424
Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					243,829
Debt securities available-for-sale	244,055		244,055
Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					195,441
Debt securities available-for-sale	189,550		189,550
Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					132,888
Debt securities available-for-sale	130,886		130,886
Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					61,694
Debt securities available-for-sale	50,733		50,733
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,152		3,152		3,029
Mortgage servicing rights, at fair value	20,133		20,133		10,147
Derivative financial assets fair value	8,640		8,640		7,610
Derivative financial liabilities fair value	8,053		8,053		6,981
Recurring \| U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					154,515
Debt securities available-for-sale	155,140		155,140
Recurring \| U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					55,157
Debt securities available-for-sale	52,424		52,424
Recurring \| Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					243,829
Debt securities available-for-sale	244,055		244,055
Recurring \| Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					195,441
Debt securities available-for-sale	189,550		189,550
Recurring \| Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					132,888
Debt securities available-for-sale	130,886		130,886
Recurring \| Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					61,694
Debt securities available-for-sale	50,733		50,733
Recurring \| Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities	3,152		3,152		3,029
Recurring \| Level 1 \| U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					154,515
Debt securities available-for-sale	155,140		155,140
Recurring \| Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivative financial assets fair value	8,640		8,640		7,610
Derivative financial liabilities fair value	8,053		8,053		6,981
Recurring \| Level 2 \| U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					55,157
Debt securities available-for-sale	52,424		52,424
Recurring \| Level 2 \| Municipal securities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					243,829
Debt securities available-for-sale	244,055		244,055
Recurring \| Level 2 \| Mortgage-backed: Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					195,441
Debt securities available-for-sale	189,550		189,550
Recurring \| Level 2 \| Mortgage-backed: Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					132,888
Debt securities available-for-sale	130,886		130,886
Recurring \| Level 2 \| Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale					61,694
Debt securities available-for-sale	50,733		50,733
Recurring \| Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Mortgage servicing rights, at fair value	$ 20,133		$ 20,133		$ 10,147

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Mortgage Servicing Rights (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 20,133	$ 10,147
Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	20,133	10,147
Recurring \| Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value	$ 20,133	$ 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	$ 20,133	$ 10,147
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.068	0.053
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.394	0.597
Recurring \| Level 3 \| Constant pre-payment rates (CPR) \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	(0.080)	(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	0.234	0.117
Recurring \| Level 3 \| Discount rate \| Weighted average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	(0.096)	(0.093)

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	$ 8,829	$ 615
Collateral-dependent loans	32,767	17,460
Bank premises held for sale	35	235
Foreclosed assets	3,080	3,030
Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	8,829	615
Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Collateral-dependent loans	32,767	17,460
Bank premises held for sale	35	235
Foreclosed assets	$ 3,080	$ 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	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Collateral-dependent impaired loans \| Appraisal of collateral
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 32,767	$ 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	$ 35	$ 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	$ 3,080	$ 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	Jun. 30, 2023	Dec. 31, 2022
Financial assets:
Debt securities held-to-maturity	$ 469,921	$ 478,801
Level 1 \| Carrying Amount
Financial assets:
Cash and cash equivalents	109,808	114,159
Level 1 \| Estimated Fair Value
Financial assets:
Cash and cash equivalents	109,808	114,159
Level 2 \| Carrying Amount
Financial assets:
Debt securities held-to-maturity	533,231	541,600
Accrued interest receivable	19,900	19,506
Financial liabilities:
Securities sold under agreements to repurchase	38,729	43,081
Accrued interest payable	2,386	1,363
Level 2 \| Estimated Fair Value
Financial assets:
Debt securities held-to-maturity	469,921	478,801
Accrued interest receivable	19,900	19,506
Financial liabilities:
Securities sold under agreements to repurchase	38,729	43,081
Accrued interest payable	2,386	1,363
Level 3 \| Carrying Amount
Financial assets:
Restricted stock	11,345	7,965
Loans, net	3,206,841	2,594,920
Investments in unconsolidated subsidiaries	1,614	1,165
Financial liabilities:
Time deposits	469,355	262,968
Level 3 \| Estimated Fair Value
Financial assets:
Restricted stock	11,345	7,965
Loans, net	3,143,481	2,566,930
Investments in unconsolidated subsidiaries	1,614	1,165
Financial liabilities:
Time deposits	457,327	253,619
Subordinated Notes \| Level 3 \| Carrying Amount
Financial liabilities:
Subordinated debt	39,435	39,395
Subordinated Notes \| Level 3 \| Estimated Fair Value
Financial liabilities:
Subordinated debt	32,481	37,205
Junior Subordinated Debentures Issued \| Level 3 \| Carrying Amount
Financial liabilities:
Subordinated debt	52,760	37,780
Junior Subordinated Debentures Issued \| Level 3 \| Estimated Fair Value
Financial liabilities:
Subordinated debt	$ 41,993	$ 37,030

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Standby letters of credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 19,053	$ 17,785
Commitments to extend credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 860,390	$ 756,885

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Legal Contingencies (Details) - USD ($) $ in Thousands			3 Months Ended
	May 15, 2023	Feb. 20, 2023	Dec. 31, 2022	Jun. 30, 2023	Mar. 31, 2023
Litigation
Allowance for credit loss				$ 37,814	$ 38,776
Accrual included in other noninterest expense			$ 800
Unfunded Loan Commitment
Litigation
Allowance for credit loss				4,100
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
Settlement amount	$ 3,400
Accrual recorded			2,600	$ 3,400
Accrual included in other noninterest expense			$ 2,600