HBT Financial (HBT) 10-Q 3 Nov 23 2023 Q3 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	9 Months Ended
	Sep. 30, 2023	Oct. 24, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
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		31,710,005
Entity Central Index Key	0000775215
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 24,757	$ 18,970
Interest-bearing deposits with banks	87,156	95,189
Cash and cash equivalents	111,913	114,159
Interest-bearing time deposits with banks	500	0
Debt securities available-for-sale, at fair value	753,163	843,524
Debt securities held-to-maturity (fair value of $450,313 at 2023 and $478,801 at 2022)	527,144	541,600
Equity securities with readily determinable fair value	3,106	3,029
Equity securities with no readily determinable fair value	2,300	1,977
Restricted stock, at cost	11,165	7,965
Loans held for sale	3,563	615
Loans, before allowance for credit losses	3,342,786	2,620,253
Allowance for credit losses	(38,863)	(25,333)
Loans, net of allowance for credit losses	3,303,923	2,594,920
Bank owned life insurance	23,747	7,557
Bank premises and equipment, net	64,713	50,469
Bank premises held for sale	35	235
Foreclosed assets	1,519	3,030
Goodwill	59,820	29,322
Intangible assets, net	21,402	1,070
Mortgage servicing rights, at fair value	20,156	10,147
Investments in unconsolidated subsidiaries	1,614	1,165
Accrued interest receivable	23,447	19,506
Other assets	58,538	56,444
Total assets	4,991,768	4,286,734
Deposits:
Noninterest-bearing	1,086,877	994,954
Interest-bearing	3,111,191	2,592,070
Total deposits	4,198,068	3,587,024
Securities sold under agreements to repurchase	28,900	43,081
Federal Home Loan Bank advances	177,650	160,000
Subordinated notes	39,454	39,395
Junior subordinated debentures issued to capital trusts	52,774	37,780
Other liabilities	38,671	45,822
Total liabilities	4,535,517	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	0	0
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 31,774,140 at 2023 and 28,752,626 at 2022	327	293
Surplus	295,483	222,783
Retained earnings	256,050	232,004
Accumulated other comprehensive income (loss)	(78,432)	(71,759)
Treasury stock at cost, 956,558 shares at 2023 and 555,865 at 2022	(17,177)	(9,689)
Total stockholders’ equity	456,251	373,632
Total liabilities and stockholders’ equity	$ 4,991,768	$ 4,286,734

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Stockholders' Equity
Debt securities held-to-maturity	$ 450,313	$ 478,801
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	25,000,000	25,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	125,000,000	125,000,000
Common stock, issued (in shares)	32,730,698	29,308,491
Common stock, outstanding (in shares)	31,774,140	28,752,626
Treasury stock, (in shares)	956,558	555,865

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loans, including fees:
Taxable	$ 49,640	$ 29,855	$ 138,948	$ 84,504
Federally tax exempt	1,072	842	3,064	2,183
Securities:
Taxable	6,451	6,635	19,585	16,947
Federally tax exempt	978	1,207	3,337	3,385
Interest-bearing deposits in bank	714	458	2,234	1,037
Other interest and dividend income	186	17	420	50
Total interest and dividend income	59,041	39,014	167,588	108,106
INTEREST EXPENSE
Deposits	7,211	587	13,908	1,662
Securities sold under agreements to repurchase	35	9	107	26
Borrowings	2,108	85	5,594	87
Subordinated notes	470	470	1,409	1,409
Junior subordinated debentures issued to capital trusts	938	473	2,582	1,231
Total interest expense	10,762	1,624	23,600	4,415
Net interest income	48,279	37,390	143,988	103,691
PROVISION FOR CREDIT LOSSES	480	386	6,460	(53)
Net interest income after provision for credit losses	47,799	37,004	137,528	103,744
NONINTEREST INCOME
Mortgage servicing	1,169	697	3,522	2,016
Mortgage servicing rights fair value adjustment	23	351	(460)	2,446
Gains on sale of mortgage loans	476	354	1,125	1,267
Realized gains (losses) on sales of securities	(813)	0	(1,820)	0
Unrealized gains (losses) on equity securities	(46)	(107)	(61)	(447)
Gains (losses) on foreclosed assets	550	(225)	443	(192)
Gains (losses) on other assets	52	(31)	161	119
Income on bank owned life insurance	153	41	415	122
Other noninterest income	742	599	2,362	1,769
Total noninterest income	9,490	8,234	26,841	26,828
NONINTEREST EXPENSE
Salaries	15,644	12,752	51,715	38,489
Employee benefits	2,616	1,771	7,658	6,199
Occupancy of bank premises	2,573	1,979	7,460	5,780
Furniture and equipment	667	668	2,135	1,843
Data processing	2,581	1,631	9,787	5,274
Marketing and customer relations	1,679	880	3,874	2,936
Amortization of intangible assets	720	243	1,950	733
FDIC insurance	512	302	1,705	888
Loan collection and servicing	345	336	971	771
Foreclosed assets	76	97	234	260
Other noninterest expense	3,258	3,339	13,088	8,824
Total noninterest expense	30,671	23,998	100,577	71,997
INCOME BEFORE INCOME TAX EXPENSE	26,618	21,240	63,792	58,575
INCOME TAX EXPENSE	6,903	5,613	16,396	15,259
NET INCOME	$ 19,715	$ 15,627	$ 47,396	$ 43,316
Earnings per share, basic (in dollars per share)	$ 0.62	$ 0.54	$ 1.50	$ 1.50
Earnings per share, diluted (in dollars per share)	$ 0.62	$ 0.54	$ 1.49	$ 1.49
Weighted average shares of common stock outstanding (in shares)	31,829,250	28,787,662	31,598,650	28,887,757
Card income
NONINTEREST INCOME
Revenue	$ 2,763	$ 2,569	$ 8,326	$ 7,687
Wealth management fees
NONINTEREST INCOME
Revenue	2,381	2,059	6,998	6,670
Service charges on deposit accounts
NONINTEREST INCOME
Revenue	$ 2,040	$ 1,927	$ 5,830	$ 5,371

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 19,715	$ 15,627	$ 47,396	$ 43,316
OTHER COMPREHENSIVE LOSS
Unrealized losses on debt securities available-for-sale	(11,326)	(35,358)	(12,521)	(112,931)
Reclassification adjustment for losses on securities available-for-sale realized in income	13	0	1,820	0
Reclassification adjustment for amortization of net unrealized losses on debt securities transferred to held-to-maturity	518	504	1,483	1,234
Unrealized gains on derivative instruments	58	374	219	1,117
Reclassification adjustment for net settlements on derivative instruments	(131)	14	(334)	177
Total other comprehensive loss, before tax	(10,868)	(34,466)	(9,333)	(110,403)
Income tax benefit	(3,098)	(9,824)	(2,660)	(31,470)
Total other comprehensive loss	(7,770)	(24,642)	(6,673)	(78,933)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 11,945	$ (9,015)	$ 40,723	$ (35,617)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Surplus	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2021			28,986,061
Beginning balance at Dec. 31, 2021	$ 411,881		$ 293	$ 220,891	$ 194,132		$ 1,471	$ (4,906)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	43,316				43,316
Other comprehensive loss	(78,933)						(78,933)
Stock-based compensation	1,602			1,602
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings (in shares)			31,944
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings	(57)			(57)
Repurchase of common stock (in shares)			(265,379)
Repurchase of common stock	(4,783)							(4,783)
Cash dividends and dividend equivalents	(13,953)				(13,953)
Ending balance (in shares) at Sep. 30, 2022			28,752,626
Ending balance at Sep. 30, 2022	359,073		$ 293	222,436	223,495		(77,462)	(9,689)
Beginning balance (in shares) at Jun. 30, 2022			28,831,197
Beginning balance at Jun. 30, 2022	373,809		$ 293	222,087	212,506		(52,820)	(8,257)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,627				15,627
Other comprehensive loss	(24,642)						(24,642)
Stock-based compensation	349			349
Repurchase of common stock (in shares)			(78,571)
Repurchase of common stock	(1,432)							(1,432)
Cash dividends and dividend equivalents	(4,638)				(4,638)
Ending balance (in shares) at Sep. 30, 2022			28,752,626
Ending balance at Sep. 30, 2022	359,073		$ 293	222,436	223,495		(77,462)	(9,689)
Beginning balance (in shares) at Dec. 31, 2022			28,752,626
Beginning balance at Dec. 31, 2022	373,632	$ (6,922)	$ 293	222,783	232,004	$ (6,922)	(71,759)	(9,689)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	47,396				47,396
Other comprehensive loss	(6,673)						(6,673)
Stock-based compensation	1,559			1,559
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings (in shares)			43,607
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings	(181)			(181)
Issuance of common stock in town and country acquisition (in shares)			3,378,600
Issuance of common stock in Town and Country acquisition	71,356		$ 34	71,322
Repurchase of common stock (in shares)			(400,693)
Repurchase of common stock	(7,488)							(7,488)
Cash dividends and dividend equivalents	(16,428)				(16,428)
Ending balance (in shares) at Sep. 30, 2023			31,774,140
Ending balance at Sep. 30, 2023	$ 456,251		$ 327	295,483	256,050		(78,432)	(17,177)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Beginning balance (in shares) at Jun. 30, 2023			31,865,868
Beginning balance at Jun. 30, 2023	$ 450,852		$ 327	294,875	241,777		(70,662)	(15,465)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19,715				19,715
Other comprehensive loss	(7,770)						(7,770)
Stock-based compensation	608			608
Repurchase of common stock (in shares)			(91,728)
Repurchase of common stock	(1,712)							(1,712)
Cash dividends and dividend equivalents	(5,442)				(5,442)
Ending balance (in shares) at Sep. 30, 2023			31,774,140
Ending balance at Sep. 30, 2023	$ 456,251		$ 327	$ 295,483	$ 256,050		$ (78,432)	$ (17,177)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.17	$ 0.16	$ 0.51	$ 0.48

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 47,396	$ 43,316
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	2,362	2,296
Provision for credit losses	6,460	(53)
Net amortization of debt securities	4,391	5,337
Deferred income tax expense (benefit)	2,492	(245)
Stock-based compensation	1,559	1,602
Net accretion of discount and deferred loan fees on loans	(5,312)	(4,320)
Net realized loss on sales of securities	1,820	0
Net unrealized loss on equity securities	61	447
Net loss (gain) on disposals of bank premises and equipment	(84)	8
Net gain on sales of bank premises held for sale	(75)	(187)
Impairment losses on bank premises held for sale	0	61
Net gain on sales of foreclosed assets	(632)	(118)
Write-down of foreclosed assets	189	310
Amortization of intangibles	1,950	733
Decrease (increase) in mortgage servicing rights	460	(2,446)
Amortization of discount and issuance costs on subordinated notes and debentures	104	109
Amortization of discount on Federal Home Loan Bank advances	275	0
Amortization of premium on interest-bearing time deposits with banks	0	5
Amortization of premium on time deposits	(330)	(164)
Mortgage loans originated for sale	(53,187)	(50,467)
Proceeds from sale of mortgage loans	52,976	54,379
Net gain on sale of mortgage loans	(1,125)	(1,267)
Increase in cash surrender value of bank owned life insurance	(408)	(122)
Increase in accrued interest receivable	(828)	(1,980)
Decrease in other assets	12,530	289
Increase (decrease) in other liabilities	(20,198)	1,583
Net cash provided by operating activities	52,846	49,106
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from maturities of interest-bearing time deposits with banks	249	485
Purchase of interest-bearing time deposits with banks	(500)	0
Proceeds from sales of securities available-for-sale	185,280	0
Proceeds from paydowns, maturities, and calls of debt securities	74,616	129,629
Purchase of securities	(3,010)	(368,794)
Purchase of loans	(49,859)	0
Net increase in loans	(32,506)	(74,769)
Purchase of restricted stock	(20,143)	(1,311)
Proceeds from redemption of restricted stock	19,765	0
Purchases of bank premises and equipment	(1,951)	(683)
Proceeds from sales of bank premises and equipment	222	8
Proceeds from sales of bank premises held for sale	310	1,297
Proceeds from sales of foreclosed assets	3,274	476
Net cash paid for acquisition of Town and Country	(14,454)	0
Net cash provided by (used in) investing activities	161,293	(313,662)
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in deposits	(109,043)	(94,578)
Net decrease in repurchase agreements	(14,181)	(13,126)
Net decrease (increase) in Federal Home Loan Bank advances	(69,064)
Net decrease (increase) in Federal Home Loan Bank advances		60,000
Taxes paid related to the vesting of restricted stock units	(181)	(57)
Repurchase of common stock	(7,488)	(4,783)
Cash dividends and dividend equivalents paid	(16,428)	(13,953)
Net cash used in financing activities	(216,385)	(66,497)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(2,246)	(331,053)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	114,159	409,268
CASH AND CASH EQUIVALENTS AT END OF PERIOD	111,913	78,215
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	21,788	4,851
Cash paid for income taxes	15,867	13,805
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfers of loans to foreclosed assets	1,049	27
Transfers of bank premises and equipment to bank premises held for sale	$ 35	$ 0

ACCOUNTING POLICIES

ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
ACCOUNTING POLICIES	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 , as amended, which replaces the incurred loss methodology with an expected loss methodology, commonly referred to as the current expected credit losses (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and debt securities held-to-maturity. It also applies to off-balance sheet credit exposures not accounted for as insurance, such as loan commitments and letters of credit. In addition, Accounting Standards Codification (“ASC”) 326 made changes to the accounting for debt securities available-for-sale. One such change is to require credit losses be presented as an allowance rather than as a write-down on debt securities available-for-sale management does not intend to sell or believes that it is more likely than not they will be required to sell. 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 (dollars in thousands) Pre-ASC 326 Impact of As Reported 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 . ASU 2022-02 eliminates the recognition and measurement guidance for troubled debt restructurings (“TDRs”) by creditors in ASC 310-40. This ASU also enhances disclosure requirements for certain loan restructurings by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying the recognition and measurement guidance for TDRs, an entity will apply refinancing and restructuring guidance to determine whether a modification or other form of restructuring results in a new loan or a continuation of an existing loan. Additionally, the amendments in ASU 2022-02 require a public business entity to disclosure current-period gross write-offs by year of origination for financing receivables and net investments in leases in the existing vintage disclosures. This standard did not have a material impact on the Company’s consolidated results of operations or financial position. 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 . ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value and that contractual sale restrictions cannot be recognized and measured as a separate unit of account. The amendments in this update are effective for years beginning after December 15, 2023, including interim periods within those years. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method . ASU 2022-01 replaces the current last-of-layer hedge accounting method with an expanded portfolio layer method that permits multiple hedged layers of a single closed portfolio. The scope of the portfolio layer method is also expanded to include non-prepayable financial assets. ASU 2022-01 also provides additional guidance on the accounting for and disclosure of hedge basis adjustments that are applicable to the portfolio layer method, and specifies how hedge basis adjustments should be considered when determining credit losses for the assets included in the closed portfolio. Amendments related to hedge basis adjustments which are included in this standard apply on a modified retrospective basis by means of a cumulative-effect adjustment to the opening balance of retained earnings on the initial application date. Amendments related to hedge basis adjustments which are included in this standard apply on a modified retrospective basis by means of a cumulative-effect adjustment to the opening balance of retained earnings on the initial application date. Amendments related to disclosure which are included in this standard may be applied on a prospective basis from the initial application date, or on a retrospective basis to each prior period presented after the date of adoption of the amendments in ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The amendments in this update are effective for years beginning after December 15, 2023, including interim periods within those years. Early adoption is permitted. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform, if certain criteria are met. In January 2021, the FASB also issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which refined the scope for certain optional expedients and exceptions for contract modifications and hedge accounting to apply to derivative contracts and certain hedging relationships affected by the discounting transition. Entities may apply the provisions as of the beginning of the reporting period when the election is made and are available until December 31, 2024. The Company is currently evaluating the effect that this standard will have on the consolidated results of operations and financial position. In March 2023, the FASB issued ASU 2023-02, Investments—Equity Method and Joint Ventures (Topic 323) . ASU 2023-02 permits an election to use the proportional amortization method to account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits, regardless of the tax credit program from which the income tax credits are received, provided that certain conditions are met. The proportional amortization method results in the cost of the investment being amortized in proportion to the income tax credits and other income tax benefits received, with the amortization of the investment and the income tax credits being presented net in the income statement as a component of income tax expense. ASU 2023-02 must be applied on a retrospective or modified retrospective basis, and is applicable for the Company beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the effect that this standard will have on the consolidated results of operations and financial position.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	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. Measurement period adjustments of $0.1 million were recorded in the third quarter of 2023 as more information became available regarding Town and Country's tax assets and liabilities. Goodwill of $30.5 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 nine months ended September 30, 2023 and 2022, HBT Financial incurred the following expenses related to the acquisition of Town and Country: Three Months Ended Nine Months Ended (dollars in thousands) September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 PROVISION FOR CREDIT LOSSES $ — $ — $ 5,924 $ — NONINTEREST EXPENSE Salaries — — 3,584 — Furniture and equipment — — 39 — Data processing — — 2,031 — Marketing and customer relations — — 24 — Loan collection and servicing — — 125 — Legal fees and other noninterest expense — 462 1,964 462 Total noninterest expense — 462 7,767 462 Total acquisition-related expenses $ — $ 462 $ 13,691 $ 462 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 9,151 Total assets acquired 906,658 Liabilities assumed: Deposits 720,417 FHLB advances 86,439 Junior subordinated debentures 14,949 Other liabilities 5,999 Total liabilities assumed 827,804 Net assets acquired $ 78,854 Consideration paid: Cash $ 37,996 Common stock 71,356 Total consideration paid $ 109,352 Goodwill $ 30,498 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 nine months ended September 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 September 30, Nine Months Ended September 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Total revenues (net interest income and noninterest income) $ 57,459 $ 56,902 $ 174,015 $ 164,845 Net income 19,497 18,207 47,697 52,617 Earnings per share - basic 0.61 0.57 1.49 1.63 Earnings per share - diluted 0.61 0.56 1.49 1.63

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
SECURITIES	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: September 30, 2023 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: U.S. Treasury $ 169,751 $ — $ (15,357) $ — $ 154,394 U.S. government agency 55,483 — (4,768) — 50,715 Municipal 231,444 1 (36,244) — 195,201 Mortgage-backed: Agency residential 197,549 9 (20,508) — 177,050 Agency commercial 142,920 2 (18,593) — 124,329 Corporate 57,649 — (6,175) — 51,474 Total available-for-sale $ 854,796 $ 12 $ (101,645) $ — $ 753,163 September 30, 2023 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Held-to-maturity: U.S. government agency $ 88,442 $ — $ (12,392) $ 76,050 $ — Municipal 39,344 6 (1,686) 37,664 — Mortgage-backed: Agency residential 98,115 — (9,281) 88,834 — Agency commercial 301,243 — (53,478) 247,765 — Total held-to-maturity $ 527,144 $ 6 $ (76,837) $ 450,313 $ — December 31, 2022 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: 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 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Held-to-maturity: 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 (dollars in thousands) Amortized Fair Value 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 September 30, 2023 and December 31, 2022, the Bank had debt securities with a carrying value of $449.2 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 September 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 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in 1 year or less $ 34,149 $ 33,546 $ 2,643 $ 2,634 Due after 1 year through 5 years 213,534 197,634 34,215 31,718 Due after 5 years through 10 years 217,279 180,780 85,250 74,459 Due after 10 years 49,365 39,824 5,678 4,903 Mortgage-backed: Agency residential 197,549 177,050 98,115 88,834 Agency commercial 142,920 124,329 301,243 247,765 Total $ 854,796 $ 753,163 $ 527,144 $ 450,313 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 September 30, 2023, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position: September 30, 2023 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total (dollars in thousands) Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: U.S. Treasury $ — $ — $ (15,357) $ 154,394 $ (15,357) $ 154,394 U.S. government agency (5) 1,380 (4,763) 49,298 (4,768) 50,678 Municipal (282) 10,479 (35,962) 183,720 (36,244) 194,199 Mortgage-backed: Agency residential (725) 13,924 (19,783) 160,778 (20,508) 174,702 Agency commercial (86) 3,645 (18,507) 120,593 (18,593) 124,238 Corporate (443) 6,317 (5,732) 45,156 (6,175) 51,473 Total available-for-sale $ (1,541) $ 35,745 $ (100,104) $ 713,939 $ (101,645) $ 749,684 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: December 31, 2022 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total (dollars in thousands) Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: 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 September 30, 2023, there were 669 debt securities in an unrealized loss position for a period of twelve months or more, and 225 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 79% general obligation bonds as of September 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 issuer financial data, and sector trends. There was no allowance for credit losses on corporate securities recorded as of September 30, 2023. A negative provision for credit losses of $0.8 million was recorded during the three months ended September 30, 2023, reversing the provision for credit losses recognized during the first half of 2023, related to one bank subordinated debt security. The initial provision for credit losses recognized during the first half of 2023 reflected heightened potential credit risk following the recent failures of other banks, but this heightened potential credit risk was reduced after a merger announcement by the issuer of the bank subordinated debt security. As of September 30, 2023, 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 September 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 $6.2 million as of September 30, 2023 and is excluded from the estimate of credit losses. Sales of debt securities were as follows during the three and nine months ended September 30: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Proceeds from sales $ 39,436 $ — $ 185,280 $ — Gross realized gains — — — — Gross realized losses (813) — (1,820) — 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: September 30, 2023 (dollars in thousands) Readily No Readily Initial cost $ 3,142 $ 2,603 Cumulative net unrealized gains (losses) (36) (303) Carrying value $ 3,106 $ 2,300 December 31, 2022 (dollars in thousands) Readily No Readily Initial cost $ 3,142 $ 2,142 Cumulative net unrealized gains (losses) (113) (165) Carrying value $ 3,029 $ 1,977 As of September 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 nine months ended September 30, 2023 and 2022. Unrealized gains (losses) on equity securities were as follows during the three and nine months ended September 30, 2023 and 2022: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Readily determinable fair value $ (46) $ (107) $ 77 $ (447) No readily determinable fair value — — (138) — Unrealized gains (losses) on equity securities $ (46) $ (107) $ (61) $ (447)

LOANS AND RELATED ALLOWANCE FOR

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Sep. 30, 2023
Loans and Leases Receivable Disclosure [Abstract]
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES Major categories of loans are summarized as follows: (dollars in thousands) September 30, 2023 December 31, 2022 Commercial and industrial $ 386,933 $ 266,757 Commercial real estate - owner occupied 297,242 218,503 Commercial real estate - non-owner occupied 901,929 713,202 Construction and land development 371,158 360,824 Multi-family 388,742 287,865 One-to-four family residential 488,655 338,253 Agricultural and farmland 275,239 237,746 Municipal, consumer, and other 232,888 197,103 Loans, before allowance for credit losses 3,342,786 2,620,253 Allowance for credit losses (38,863) (25,333) Loans, net of allowance for credit losses $ 3,303,923 $ 2,594,920 As of September 30, 2023 and December 31, 2022, commercial and industrial loans include $18 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 September 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 nine months ended September 30: Three Months Ended September 30, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 Provision for credit losses 515 (108) 248 1,004 (348) (21) (337) 30 983 Charge-offs (15) (2) (171) — — (8) — (216) (412) Recoveries 14 2 15 44 280 40 2 81 478 Ending balance $ 4,249 $ 2,254 $ 7,630 $ 6,882 $ 2,535 $ 4,088 $ 2,272 $ 8,953 $ 38,863 Three Months Ended September 30, 2022 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 2,981 $ 1,224 $ 6,611 $ 4,059 $ 1,375 $ 1,696 $ 924 $ 5,864 $ 24,734 Provision for loan losses 14 (65) 268 316 (52) (78) (83) 66 386 Charge-offs (17) — — — — (18) — (187) (222) Recoveries 6 1 3 1 — 60 — 91 162 Ending balance $ 2,984 $ 1,160 $ 6,882 $ 4,376 $ 1,323 $ 1,660 $ 841 $ 5,834 $ 25,060 Nine Months Ended September 30, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total 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 1,693 336 87 398 630 939 (100) 1,021 5,004 Charge-offs (15) (5) (171) — — (34) — (508) (733) Recoveries 45 16 253 52 280 135 4 244 1,029 Ending balance $ 4,249 $ 2,254 $ 7,630 $ 6,882 $ 2,535 $ 4,088 $ 2,272 $ 8,953 $ 38,863 Nine Months Ended September 30, 2022 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 2,440 $ 1,840 $ 8,145 $ 4,914 $ 1,263 $ 1,311 $ 845 $ 3,178 $ 23,936 Provision for loan losses (189) (781) (1,536) (539) 60 93 (4) 2,843 (53) Charge-offs (22) — — — — (67) — (426) (515) Recoveries 755 101 273 1 — 323 — 239 1,692 Ending balance $ 2,984 $ 1,160 $ 6,882 $ 4,376 $ 1,323 $ 1,660 $ 841 $ 5,834 $ 25,060 Gross charge-offs, further sorted by origination year, were as follows during the three and nine months ended September 30, 2023: Gross Charge-Offs for the Three Months Ended September 30, 2023 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial and industrial $ — $ — $ — $ — $ — $ — $ 15 $ — $ 15 Commercial real estate - owner occupied — 2 — — — — — — 2 Commercial real estate - non-owner occupied — — — — — — 171 — 171 Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — — 8 — — 8 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 141 9 — — — — 66 — 216 Total $ 141 $ 11 $ — $ — $ — $ 8 $ 252 $ — $ 412 Gross Charge-Offs for the Nine Months Ended September 30, 2023 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial and industrial $ — $ — $ — $ — $ — $ — $ 15 $ — $ 15 Commercial real estate - owner occupied — 5 — — — — — — 5 Commercial real estate - non-owner occupied — — — — — — 171 — 171 Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — 1 33 — — 34 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 276 83 — 9 — — 140 — 508 Total $ 276 $ 88 $ — $ 9 $ 1 $ 33 $ 326 $ — $ 733 The following tables present loans and the related allowance for credit losses by category: September 30, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: Collectively evaluated for impairment $ 386,763 $ 297,068 $ 888,068 $ 370,942 $ 388,282 $ 482,838 $ 275,111 $ 217,638 $ 3,306,710 Individually evaluated for impairment 170 174 13,861 216 460 5,817 128 15,250 36,076 Total $ 386,933 $ 297,242 $ 901,929 $ 371,158 $ 388,742 $ 488,655 $ 275,239 $ 232,888 $ 3,342,786 Allowance for credit losses: Collectively evaluated for impairment $ 4,244 $ 2,254 $ 6,503 $ 6,882 $ 2,535 $ 3,737 $ 2,272 $ 5,844 $ 34,271 Individually evaluated for impairment 5 — 1,127 — — 351 — 3,109 4,592 Total $ 4,249 $ 2,254 $ 7,630 $ 6,882 $ 2,535 $ 4,088 $ 2,272 $ 8,953 $ 38,863 December 31, 2022 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: 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: September 30, 2023 Amortized Cost Allowance Primary Collateral Type (dollars in thousands) Real Estate Vehicles Other Total Commercial and industrial $ — $ — $ 170 $ 170 $ 5 Commercial real estate - owner occupied 174 — — 174 — Commercial real estate - non-owner occupied 13,861 — — 13,861 1,127 Construction and land development 216 — — 216 — Multi-family 460 — — 460 — One-to-four family residential 5,817 — — 5,817 351 Agricultural and farmland 128 — — 128 — Municipal, consumer, and other 15,141 31 78 15,250 3,109 Total $ 35,797 $ 31 $ 248 $ 36,076 $ 4,592 Accrued interest on loans totaled $17.0 million as of September 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: December 31, 2022 (dollars in thousands) Unpaid Recorded Related With an allowance recorded: 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 September 30, 2022 (dollars in thousands) Average Interest With an allowance recorded: Commercial and industrial $ 258 $ 5 Commercial real estate - owner occupied 739 11 Commercial real estate - non-owner occupied 14,441 185 Construction and land development — — Multi-family — — One-to-four family residential 349 2 Agricultural and farmland — — Municipal, consumer, and other 8,254 66 Total $ 24,041 $ 269 With no related allowance: Commercial and industrial $ 3,894 $ 41 Commercial real estate - owner occupied 11,651 141 Commercial real estate - non-owner occupied 17,220 369 Construction and land development 2,010 57 Multi-family — — One-to-four family residential 8,119 99 Agricultural and farmland 425 5 Municipal, consumer, and other 4,457 44 Total $ 47,776 $ 756 Total loans individually evaluated for impairment: Commercial and industrial $ 4,152 $ 46 Commercial real estate - owner occupied 12,390 152 Commercial real estate - non-owner occupied 31,661 554 Construction and land development 2,010 57 Multi-family — — One-to-four family residential 8,468 101 Agricultural and farmland 425 5 Municipal, consumer, and other 12,711 110 Total $ 71,817 $ 1,025 Nine Months Ended September 30, 2022 (dollars in thousands) Average Interest With an allowance recorded: Commercial and industrial $ 272 $ 13 Commercial real estate - owner occupied 1,297 55 Commercial real estate - non-owner occupied 14,631 556 Construction and land development — — Multi-family — — One-to-four family residential 513 11 Agricultural and farmland — — Municipal, consumer, and other 8,368 151 Total $ 25,081 $ 786 With no related allowance: Commercial and industrial $ 12,793 $ 397 Commercial real estate - owner occupied 11,524 388 Commercial real estate - non-owner occupied 16,894 907 Construction and land development 2,012 105 Multi-family — — One-to-four family residential 8,341 240 Agricultural and farmland 305 8 Municipal, consumer, and other 4,493 98 Total $ 56,362 $ 2,143 Total loans individually evaluated for impairment: Commercial and industrial $ 13,065 $ 410 Commercial real estate - owner occupied 12,821 443 Commercial real estate - non-owner occupied 31,525 1,463 Construction and land development 2,012 105 Multi-family — — One-to-four family residential 8,854 251 Agricultural and farmland 305 8 Municipal, consumer, and other 12,861 249 Total $ 81,443 $ 2,929 Changes in the accretable yield for loans acquired with deteriorated credit quality were as follows: (dollars in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Beginning balance $ 537 $ 413 Reclassification from non-accretable difference 283 500 Accretion income (58) (151) Ending balance $ 762 $ 762 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: September 30, 2023 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total Commercial and industrial $ 386,383 $ 380 $ — $ 170 $ 386,933 Commercial real estate - owner occupied 297,069 — — 173 297,242 Commercial real estate - non-owner occupied 900,058 1,605 — 266 901,929 Construction and land development 370,922 20 — 216 371,158 Multi-family 387,966 316 — 460 388,742 One-to-four family residential 481,603 1,897 — 5,155 488,655 Agricultural and farmland 275,096 15 — 128 275,239 Municipal, consumer, and other 232,561 217 — 110 232,888 Total $ 3,331,658 $ 4,450 $ — $ 6,678 $ 3,342,786 December 31, 2022 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total 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: September 30, 2023 (dollars in thousands) Nonaccrual Nonaccrual Total Commercial and industrial $ 127 $ 43 $ 170 Commercial real estate - owner occupied — 173 173 Commercial real estate - non-owner occupied 220 46 266 Construction and land development — 216 216 Multi-family — 460 460 One-to-four family residential 100 5,055 5,155 Agricultural and farmland — 128 128 Municipal, consumer, and other 31 79 110 Total $ 478 $ 6,200 $ 6,678 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 – a pass loan is a credit with no existing or known potential weaknesses deserving of management’s close attention. Pass-Watch – a pass-watch loan is still considered a "pass" credit and is not a classified or criticized asset, but is a reflection of a borrower who exhibits credit weaknesses or downward trends warranting close attention and increased monitoring. These potential weaknesses may result in deterioration of the repayment prospects for the loan. No loss of principal or interest is expected, and the borrower does not pose sufficient risk to warrant classification. Substandard – a substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized as probable that the borrower will not pay principal and interest in accordance with the contractual terms. Doubtful – a doubtful loan has all the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following tables present loans by category based on their assigned risk ratings determined by management: September 30, 2023 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total Commercial and industrial $ 382,041 $ 4,114 $ 778 $ — $ 386,933 Commercial real estate - owner occupied 279,081 8,249 9,912 — 297,242 Commercial real estate - non-owner occupied 842,816 33,767 25,346 — 901,929 Construction and land development 366,198 4,667 293 — 371,158 Multi-family 363,214 24,753 775 — 388,742 One-to-four family residential 468,736 7,572 12,347 — 488,655 Agricultural and farmland 266,353 5,466 3,420 — 275,239 Municipal, consumer, and other 215,726 1,771 15,391 — 232,888 Total $ 3,184,165 $ 90,359 $ 68,262 $ — $ 3,342,786 December 31, 2022 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total 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

LOAN SERVICING

LOAN SERVICING	9 Months Ended
	Sep. 30, 2023
Transfers and Servicing [Abstract]
LOAN SERVICING	LOAN SERVICING Mortgage loans serviced for others, which are not included in the accompanying consolidated balance sheets, amounted to $1.69 billion and $955.8 million as of September 30, 2023 and December 31, 2022, respectively. Activity in mortgage servicing rights is as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 20,133 $ 10,089 $ 10,147 $ 7,994 Acquired — — 10,469 — Capitalized servicing rights 227 144 526 451 Fair value adjustment: Attributable to payments and principal reductions (631) (362) (1,621) (1,048) Attributable to changes in valuation inputs and assumptions 427 569 635 3,043 Total fair value adjustment (204) 207 (986) 1,995 Ending balance $ 20,156 $ 10,440 $ 20,156 $ 10,440

FORECLOSED ASSETS

FORECLOSED ASSETS	9 Months Ended
	Sep. 30, 2023
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Foreclosed Assets	FORECLOSED ASSETS Foreclosed assets activity is as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,080 $ 2,891 $ 3,030 $ 3,278 Acquired — — 271 — Transfers from loans 879 — 1,049 27 Proceeds from sales (2,990) (29) (3,274) (476) Net gain on sales 564 20 632 118 Direct write-downs (14) (245) (189) (310) Ending balance $ 1,519 $ 2,637 $ 1,519 $ 2,637 Gains (losses) on foreclosed assets includes the following: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Direct write-downs $ (14) $ (245) $ (189) $ (310) Net gain on sales 564 20 632 118 Gains (losses) on foreclosed assets $ 550 $ (225) $ 443 $ (192) The carrying value of foreclosed one-to-four family residential real estate properties held was $0.6 million and $20 thousand as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023, there were 14 one-to-four family residential real estate loans in the process of foreclosure totaling $1.2 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	9 Months Ended
	Sep. 30, 2023
Deposits [Abstract]
DEPOSITS	DEPOSITS The Company’s deposits are summarized below: (dollars in thousands) September 30, 2023 December 31, 2022 Noninterest-bearing deposits $ 1,086,877 $ 994,954 Interest-bearing deposits: Interest-bearing demand 1,134,721 1,139,150 Money market 673,780 555,425 Savings 623,083 634,527 Time 679,607 262,968 Total interest-bearing deposits 3,111,191 2,592,070 Total deposits $ 4,198,068 $ 3,587,024 As of September 30, 2023, time deposits included $115.0 million of brokered deposits. There were no brokered deposits as of December 31, 2022. Interest-bearing demand deposits included $38.7 million of reciprocal transaction deposits as of September 30, 2023. Money market deposits included $12.8 million and $1.7 million of reciprocal transaction deposits as of September 30, 2023 and December 31, 2022, respectively. Time deposits included $35.5 million and $1.6 million of reciprocal time deposits as of September 30, 2023, and December 31, 2022, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $115.9 million and $27.2 million as of September 30, 2023 and December 31, 2022, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $302.3 million and $92.6 million as of September 30, 2023 and December 31, 2022, respectively. The components of interest expense on deposits are as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest-bearing demand $ 761 $ 144 $ 1,902 $ 430 Money market 2,041 203 4,492 434 Savings 249 53 616 155 Time 4,160 187 6,898 643 Total interest expense on deposits $ 7,211 $ 587 $ 13,908 $ 1,662

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	9 Months Ended
	Sep. 30, 2023
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract]
JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS	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, rank junior and subordinate in the right of payment to all senior debt of the Company, and have an optional redemption in whole or in part on any interest payment date. 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 (dollars in thousands) Face Value September 30, 2023 December 31, 2022 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 4,837 4,788 Town and Country Statutory Trust II 4,124 4,407 — Town and Country Statutory Trust III 7,732 7,575 — West Plains Investors Statutory Trust I 3,093 2,963 — Total $ 53,714 $ 52,774 $ 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 Interest Rate September 30, December 31, Maturity Date Heartland Bancorp, Inc. Capital Trust B SOFR plus 3.01% 8.32 % 6.83 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C SOFR plus 1.79 7.20 6.30 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D SOFR plus 1.61 7.02 6.12 September 15, 2037 FFBI Capital Trust I SOFR plus 3.06 8.37 6.88 April 6, 2034 National Bancorp Statutory Trust I SOFR plus 3.16 8.57 7.67 December 15, 2037 Town and Country Statutory Trust II SOFR plus 3.05 8.46 N/A March 17, 2034 Town and Country Statutory Trust III SOFR plus 1.94 7.35 N/A March 22, 2037 West Plains Investors Statutory Trust I SOFR plus 1.71 7.12 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 September 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	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	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: September 30, 2023 December 31, 2022 (dollars in thousands) Notional Fair Notional Fair Fair value recorded in other assets $ 17,000 $ 514 $ 17,000 $ 629 As of September 30, 2023, the interest rate swap agreements designated as cash flow hedges had contractual maturities between 2024 and 2025. As of September 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) Three Months Ended Nine Months Ended (dollars in thousands) 2023 2022 2023 2022 Designated as cash flow hedges: Junior subordinated debentures interest expense $ 131 $ (14) $ 334 $ (177) 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: September 30, 2023 December 31, 2022 (dollars in thousands) Notional Fair Notional Fair Fair value recorded in other assets: Interest rate swaps with a commercial borrower counterparty $ — $ — $ — $ — Interest rate swaps with a financial institution counterparty 101,612 9,674 106,995 6,981 Total fair value recorded in other assets $ 101,612 $ 9,674 $ 106,995 $ 6,981 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 101,612 $ (9,674) $ 106,995 $ (6,981) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 101,612 $ (9,674) $ 106,995 $ (6,981) As of September 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 Nine Months Ended (dollars in thousands) 2023 2022 2023 2022 Not designated as hedging instruments: Gross gains $ 2,510 $ 5,209 $ 6,950 $ 15,303 Gross losses (2,510) (5,209) (6,950) (15,303) Net gains (losses) $ — $ — $ — $ —

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2023
AOCI Attributable to Parent [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the activity and accumulated balances for components of other comprehensive income (loss): Unrealized Gains (Losses) (dollars in thousands) Available-for-Sale Held-to-Maturity Derivatives Total Three Months Ended September 30, 2023 Balance, June 30, 2023 $ (61,560) $ (9,256) $ 154 $ (70,662) Other comprehensive income (loss) before reclassifications (11,326) — 58 (11,268) Reclassifications 13 518 (131) 400 Other comprehensive income (loss), before tax (11,313) 518 (73) (10,868) Income tax expense (benefit) (3,224) 147 (21) (3,098) Other comprehensive income (loss), after tax (8,089) 371 (52) (7,770) Balance, September 30, 2023 $ (69,649) $ (8,885) $ 102 $ (78,432) Three Months Ended September 30, 2022 Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Other comprehensive income (loss) before reclassifications (35,358) — 374 (34,984) Reclassifications — 504 14 518 Other comprehensive income (loss), before tax (35,358) 504 388 (34,466) Income tax expense (benefit) (10,079) 144 111 (9,824) Other comprehensive income (loss), after tax (25,279) 360 277 (24,642) Balance, September 30, 2022 $ (67,340) $ (10,296) $ 174 $ (77,462) Unrealized Gains (Losses) (dollars in thousands) Available-for-Sale Held-to-Maturity Derivatives Total Nine Months Ended September 30, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications (12,521) — 219 (12,302) Reclassifications 1,820 1,483 (334) 2,969 Other comprehensive income (loss), before tax (10,701) 1,483 (115) (9,333) Income tax expense (benefit) (3,050) 422 (32) (2,660) Other comprehensive income (loss), after tax (7,651) 1,061 (83) (6,673) Balance, September 30, 2023 $ (69,649) $ (8,885) $ 102 $ (78,432) Nine Months Ended September 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 (112,931) — 1,117 (111,814) Reclassifications — 1,234 177 1,411 Other comprehensive income (loss), before tax (112,931) 1,234 1,294 (110,403) Income tax expense (benefit) (32,191) 352 369 (31,470) Other comprehensive income (loss), after tax (80,740) 882 925 (78,933) Balance, September 30, 2022 $ (67,340) $ (10,296) $ 174 $ (77,462) 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	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	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 September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Numerator: Net income $ 19,715 $ 15,627 $ 47,396 $ 43,316 Earnings allocated to participating securities (10) (17) (26) (51) Numerator for earnings per share - basic and diluted $ 19,705 $ 15,610 $ 47,370 $ 43,265 Denominator: Weighted average common shares outstanding 31,829,250 28,787,662 31,598,650 28,887,757 Dilutive effect of outstanding restricted stock units 137,187 72,643 102,574 56,761 Weighted average common shares outstanding, including all dilutive potential shares 31,966,437 28,860,305 31,701,224 28,944,518 Earnings per share - Basic $ 0.62 $ 0.54 $ 1.50 $ 1.50 Earnings per share - Diluted $ 0.62 $ 0.54 $ 1.49 $ 1.49

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLANS	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 September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Restricted stock units $ 313 $ 230 $ 907 $ 1,072 Performance restricted stock units 295 119 652 530 Total awards classified as equity 608 349 1,559 1,602 Stock appreciation rights 3 51 (43) 35 Total stock-based compensation expense $ 611 $ 400 $ 1,516 $ 1,637 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 nine months ended September 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 nine months ended September 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 September 30, 2023 2022 Restricted Weighted Restricted Weighted Beginning balance 129,422 $ 19.58 120,631 $ 17.98 Granted — — — — Vested — — — — Forfeited (520) 21.23 (1,328) 18.35 Ending balance 128,902 $ 19.57 119,303 $ 17.98 Nine Months Ended September 30, 2023 2022 Restricted Weighted Restricted Weighted 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 (1,238) 18.53 (1,328) 18.35 Ending balance 128,902 $ 19.57 119,303 $ 17.98 As of September 30, 2023, unrecognized compensation cost related to the non-vested restricted stock units was $1.3 million. This cost is expected to be recognized over the weighted average remaining service period of 1.7 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 nine months ended September 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 September 30, 2023 2022 Performance Weighted Performance Weighted Beginning balance 79,097 $ 18.25 62,067 $ 17.02 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 79,097 $ 18.25 62,067 $ 17.02 Nine Months Ended September 30, 2023 2022 Performance Weighted Performance Weighted 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 September 30, 2023, unrecognized compensation cost related to non-vested performance restricted stock units was $0.4 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 1.5 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 September 30, 2023 2022 Stock Weighted Stock Weighted Beginning balance 73,440 $ 16.32 91,800 $ 16.32 Granted — — — — Exercised — — — — Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 91,800 $ 16.32 Nine Months Ended September 30, 2023 2022 Stock Weighted Stock Weighted 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 September 30, 2023, is as follows: Stock Appreciation Rights Weighted Average Grant Date Assigned Values Outstanding Exercisable $16.32 73,440 73,440 5.9 years As of September 30, 2023, there was no unrecognized compensation cost for stock appreciation rights. As of September 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 uses 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. September 30, 2023 December 31, 2022 Risk-free interest rate 4.60 % 3.95 % Expected volatility 37.29 % 36.54 % Expected life (in years) 5.9 6.7 Expected dividend yield 3.73 % 3.27 % As of September 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	9 Months Ended
	Sep. 30, 2023
Banking and Thrift, Other Disclosure [Abstract]
REGULATORY MATTERS	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 September 30, 2023 and December 31, 2022, the capital conservation buffer was 2.5% of risk-weighted assets. As of September 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: September 30, 2023 Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Consolidated HBT Financial, Inc. Total Capital (to Risk Weighted Assets) $ 590,174 15.09 % $ 312,868 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 515,643 13.18 234,651 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 464,483 11.88 175,988 4.50 N/A N/A Tier 1 Capital (to Average Assets) 515,643 10.34 199,420 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 577,525 14.78 % $ 312,537 8.00 % $ 390,671 10.00 % Tier 1 Capital (to Risk Weighted Assets) 542,448 13.89 234,403 6.00 312,537 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 542,448 13.89 175,802 4.50 253,936 6.50 Tier 1 Capital (to Average Assets) 542,448 10.89 199,216 4.00 249,020 5.00 December 31, 2022 Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Consolidated HBT Financial, Inc. Total Capital (to Risk Weighted Assets) $ 516,556 16.27 % $ 254,052 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 451,828 14.23 190,539 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 415,213 13.07 142,904 4.50 N/A N/A Tier 1 Capital (to Average Assets) 451,828 10.48 172,427 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 489,316 15.43 % $ 253,643 8.00 % $ 317,054 10.00 % Tier 1 Capital (to Risk Weighted Assets) 463,983 14.63 190,233 6.00 253,643 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 463,983 14.63 142,674 4.50 206,085 6.50 Tier 1 Capital (to Average Assets) 463,983 10.78 172,240 4.00 215,300 5.00

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	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 nine months ended September 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: September 30, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Debt securities available-for-sale: U.S. Treasury $ 154,394 $ — $ — $ 154,394 U.S. government agency — 50,715 — 50,715 Municipal — 195,201 — 195,201 Mortgage-backed: Agency residential — 177,050 — 177,050 Agency commercial — 124,329 — 124,329 Corporate — 51,474 — 51,474 Equity securities with readily determinable fair values 3,106 — — 3,106 Mortgage servicing rights — — 20,156 20,156 Derivative financial assets — 10,188 — 10,188 Derivative financial liabilities — 9,674 — 9,674 December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total 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 September 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): September 30, 2023 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 20,156 Discounted cash flows Constant pre-payment rates (CPR) 6.5% to 41.5% (8.2%) Discount rate 9.0% to 45.9% (9.8%) December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range 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: September 30, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Loans held for sale $ — $ 3,563 $ — $ 3,563 Collateral-dependent loans — — 31,484 31,484 Bank premises held for sale — — 35 35 Foreclosed assets — — 1,519 1,519 December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total 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): September 30, 2023 Fair Valuation Unobservable Inputs Range Collateral-dependent loans $ 31,484 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 35 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 1,519 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: (dollars in thousands) Fair Value September 30, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents Level 1 $ 111,913 $ 111,913 $ 114,159 $ 114,159 Debt securities held-to-maturity Level 2 527,144 450,313 541,600 478,801 Restricted stock Level 3 11,165 11,165 7,965 7,965 Loans, net Level 3 3,303,923 3,252,850 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 23,447 23,447 19,506 19,506 Financial liabilities: Time deposits Level 3 679,607 668,960 262,968 253,619 Securities sold under agreements to repurchase Level 2 28,900 28,900 43,081 43,081 Subordinated notes Level 3 39,454 36,852 39,395 37,205 Junior subordinated debentures Level 3 52,774 43,600 37,780 37,030 Accrued interest payable Level 2 3,707 3,707 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	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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 (dollars in thousands) September 30, 2023 December 31, 2022 Commitments to extend credit $ 881,943 $ 756,885 Standby letters of credit 23,689 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 $4.4 million as of September 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. On August 16, 2023, definitive settlement agreements reflecting the terms of the agreement in principle were approved by the Court, and the Bank made the one-time cash payments totaling $13.0 million during the third quarter of 2023. The 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 $13.0 million accrued related to these matters as of December 31, 2022. The Bank’s insurer reimbursed $7.4 million of the settlement payment which was recorded as an insurance recovery receivable as of December 31, 2022. The net settlement amount of $5.6 million was included in other noninterest expense in the consolidated statements of income during the fourth quarter of 2022. DeBaere, et al v. Heartland Bank and Trust Company The Bank is a defendant in a purported class action lawsuit filed in June 2020, in the Circuit Court of Cook County, Illinois. The plaintiff, a customer of the Bank, alleges that the Bank breached its contract with the plaintiff by (1) charging multiple insufficient funds fees or overdraft fees on a single customer-initiated transaction, and (2) charging overdraft fees for transactions that were authorized on a positive account balance, but when settled, settled into a negative balance. Miller, et al v. State Bank of Lincoln and Heartland Bank and Trust Company The Bank is a defendant in a purported class action lawsuit filed in May 2020, in the Circuit Court of Logan County, Illinois. The plaintiff, a customer of State Bank of Lincoln, which previously merged with the Bank, alleges that the Bank breached its contract with the plaintiff by charging multiple insufficient funds fees or overdraft fees on a single customer-initiated transaction. On May 15, 2023, the Bank reached an agreement in principle to settle both the DeBaere, et al and Miller, et al cases in which the Bank would make one-time cash payments totaling $3.4 million, without admitting fault, to release the Bank from further liability and claims in both the cases. If the proposed settlement agreements are approved by the Court and are not subject to appeal, the Bank will make one-time cash payments totaling $3.4 million. The DeBaere, et al settlement agreement was preliminarily approved by the Court on September 28, 2023, and the Miller, et al settlement agreement is pending preliminary approval by the Court. 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 and Miller, et al cases. The Bank has agreed in principle to the settlements to avoid the cost, risks and distraction of continued litigation. The Company believes the proposed settlements are in the best interests of the Company and its shareholders. Accordingly, the Bank had in the aggregate $3.4 million accrued as of September 30, 2023 and $2.6 million accrued as of December 31, 2022 related to these matters. 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 third quarter of 2023 following the agreement in principle to settle both the DeBaere, et al and Miller, et al cases. John Pickett v. Town and Country Bank The Bank is a defendant in a purported class action lawsuit filed in October 2023, in the Circuit Court of Sangamon County, Illinois. The plaintiff, a customer of Town and Country Bank, which previously merged with the Bank, alleges that the Bank breached its contract with the plaintiff by charging overdraft fees for transactions that were authorized on a positive account balance, but when settled, settled into a negative balance. The Bank intends to vigorously defend the lawsuit. The Company is unable to predict when the matter will be resolved, the ultimate outcome, or potential costs or damages to be incurred.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
NET INCOME	$ 19,715	$ 15,627	$ 47,396	$ 43,316

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
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 , as amended, which replaces the incurred loss methodology with an expected loss methodology, commonly referred to as the current expected credit losses (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and debt securities held-to-maturity. It also applies to off-balance sheet credit exposures not accounted for as insurance, such as loan commitments and letters of credit. In addition, Accounting Standards Codification (“ASC”) 326 made changes to the accounting for debt securities available-for-sale. One such change is to require credit losses be presented as an allowance rather than as a write-down on debt securities available-for-sale management does not intend to sell or believes that it is more likely than not they will be required to sell. 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 (dollars in thousands) Pre-ASC 326 Impact of As Reported 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 . ASU 2022-02 eliminates the recognition and measurement guidance for troubled debt restructurings (“TDRs”) by creditors in ASC 310-40. This ASU also enhances disclosure requirements for certain loan restructurings by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying the recognition and measurement guidance for TDRs, an entity will apply refinancing and restructuring guidance to determine whether a modification or other form of restructuring results in a new loan or a continuation of an existing loan. Additionally, the amendments in ASU 2022-02 require a public business entity to disclosure current-period gross write-offs by year of origination for financing receivables and net investments in leases in the existing vintage disclosures. This standard did not have a material impact on the Company’s consolidated results of operations or financial position.
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 . ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value and that contractual sale restrictions cannot be recognized and measured as a separate unit of account. The amendments in this update are effective for years beginning after December 15, 2023, including interim periods within those years. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method . ASU 2022-01 replaces the current last-of-layer hedge accounting method with an expanded portfolio layer method that permits multiple hedged layers of a single closed portfolio. The scope of the portfolio layer method is also expanded to include non-prepayable financial assets. ASU 2022-01 also provides additional guidance on the accounting for and disclosure of hedge basis adjustments that are applicable to the portfolio layer method, and specifies how hedge basis adjustments should be considered when determining credit losses for the assets included in the closed portfolio. Amendments related to hedge basis adjustments which are included in this standard apply on a modified retrospective basis by means of a cumulative-effect adjustment to the opening balance of retained earnings on the initial application date. Amendments related to hedge basis adjustments which are included in this standard apply on a modified retrospective basis by means of a cumulative-effect adjustment to the opening balance of retained earnings on the initial application date. Amendments related to disclosure which are included in this standard may be applied on a prospective basis from the initial application date, or on a retrospective basis to each prior period presented after the date of adoption of the amendments in ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The amendments in this update are effective for years beginning after December 15, 2023, including interim periods within those years. Early adoption is permitted. This standard is not expected to have a material impact on the Company’s consolidated results of operations or financial position. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform, if certain criteria are met. In January 2021, the FASB also issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which refined the scope for certain optional expedients and exceptions for contract modifications and hedge accounting to apply to derivative contracts and certain hedging relationships affected by the discounting transition. Entities may apply the provisions as of the beginning of the reporting period when the election is made and are available until December 31, 2024. The Company is currently evaluating the effect that this standard will have on the consolidated results of operations and financial position. In March 2023, the FASB issued ASU 2023-02, Investments—Equity Method and Joint Ventures (Topic 323) . ASU 2023-02 permits an election to use the proportional amortization method to account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits, regardless of the tax credit program from which the income tax credits are received, provided that certain conditions are met. The proportional amortization method results in the cost of the investment being amortized in proportion to the income tax credits and other income tax benefits received, with the amortization of the investment and the income tax credits being presented net in the income statement as a component of income tax expense. ASU 2023-02 must be applied on a retrospective or modified retrospective basis, and is applicable for the Company beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the effect that this standard will have on the consolidated results of operations and financial position.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Impact of ASC 326 on the allowance for credit losses	The following table illustrates the impact of ASC 326 on the allowance for credit losses: January 1, 2023 (dollars in thousands) Pre-ASC 326 Impact of As Reported 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)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of expenses incurred related to the acquisition	During the three and nine months ended September 30, 2023 and 2022, HBT Financial incurred the following expenses related to the acquisition of Town and Country: Three Months Ended Nine Months Ended (dollars in thousands) September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 PROVISION FOR CREDIT LOSSES $ — $ — $ 5,924 $ — NONINTEREST EXPENSE Salaries — — 3,584 — Furniture and equipment — — 39 — Data processing — — 2,031 — Marketing and customer relations — — 24 — Loan collection and servicing — — 125 — Legal fees and other noninterest expense — 462 1,964 462 Total noninterest expense — 462 7,767 462 Total acquisition-related expenses $ — $ 462 $ 13,691 $ 462
Schedule of recognized identified assets acquired and liabilities assumed	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 9,151 Total assets acquired 906,658 Liabilities assumed: Deposits 720,417 FHLB advances 86,439 Junior subordinated debentures 14,949 Other liabilities 5,999 Total liabilities assumed 827,804 Net assets acquired $ 78,854 Consideration paid: Cash $ 37,996 Common stock 71,356 Total consideration paid $ 109,352 Goodwill $ 30,498
Schedule of the components of the purchase price of financing receivables purchased with credit deterioration	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
Business acquisition, pro forma information	The acquisition-related expenses that have been recognized are included in net income in the following table. Pro Forma Pro Forma Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Total revenues (net interest income and noninterest income) $ 57,459 $ 56,902 $ 174,015 $ 164,845 Net income 19,497 18,207 47,697 52,617 Earnings per share - basic 0.61 0.57 1.49 1.63 Earnings per share - diluted 0.61 0.56 1.49 1.63

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses	The amortized cost and fair values of debt securities, with gross unrealized gains and losses and allowance for credit losses, are as follows: September 30, 2023 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: U.S. Treasury $ 169,751 $ — $ (15,357) $ — $ 154,394 U.S. government agency 55,483 — (4,768) — 50,715 Municipal 231,444 1 (36,244) — 195,201 Mortgage-backed: Agency residential 197,549 9 (20,508) — 177,050 Agency commercial 142,920 2 (18,593) — 124,329 Corporate 57,649 — (6,175) — 51,474 Total available-for-sale $ 854,796 $ 12 $ (101,645) $ — $ 753,163 September 30, 2023 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Held-to-maturity: U.S. government agency $ 88,442 $ — $ (12,392) $ 76,050 $ — Municipal 39,344 6 (1,686) 37,664 — Mortgage-backed: Agency residential 98,115 — (9,281) 88,834 — Agency commercial 301,243 — (53,478) 247,765 — Total held-to-maturity $ 527,144 $ 6 $ (76,837) $ 450,313 $ — December 31, 2022 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: 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 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Held-to-maturity: 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	The following is a summary of the amortized cost and fair value of securities transferred to the held-to-maturity category: March 31, 2022 (dollars in thousands) Amortized Fair Value 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	The amortized cost and fair value of debt securities by contractual maturity, as of September 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 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in 1 year or less $ 34,149 $ 33,546 $ 2,643 $ 2,634 Due after 1 year through 5 years 213,534 197,634 34,215 31,718 Due after 5 years through 10 years 217,279 180,780 85,250 74,459 Due after 10 years 49,365 39,824 5,678 4,903 Mortgage-backed: Agency residential 197,549 177,050 98,115 88,834 Agency commercial 142,920 124,329 301,243 247,765 Total $ 854,796 $ 753,163 $ 527,144 $ 450,313
Schedule of gross unrealized losses and fair value of investments	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 September 30, 2023, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position: September 30, 2023 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total (dollars in thousands) Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: U.S. Treasury $ — $ — $ (15,357) $ 154,394 $ (15,357) $ 154,394 U.S. government agency (5) 1,380 (4,763) 49,298 (4,768) 50,678 Municipal (282) 10,479 (35,962) 183,720 (36,244) 194,199 Mortgage-backed: Agency residential (725) 13,924 (19,783) 160,778 (20,508) 174,702 Agency commercial (86) 3,645 (18,507) 120,593 (18,593) 124,238 Corporate (443) 6,317 (5,732) 45,156 (6,175) 51,473 Total available-for-sale $ (1,541) $ 35,745 $ (100,104) $ 713,939 $ (101,645) $ 749,684 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: December 31, 2022 Investments in a Continuous Unrealized Loss Position Less than 12 Months 12 Months or More Total (dollars in thousands) Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Available-for-sale: 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	Sales of debt securities were as follows during the three and nine months ended September 30: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Proceeds from sales $ 39,436 $ — $ 185,280 $ — Gross realized gains — — — — Gross realized losses (813) — (1,820) —
Schedule of equity securities with initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses	The initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses are as follows: September 30, 2023 (dollars in thousands) Readily No Readily Initial cost $ 3,142 $ 2,603 Cumulative net unrealized gains (losses) (36) (303) Carrying value $ 3,106 $ 2,300 December 31, 2022 (dollars in thousands) Readily No Readily 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	Unrealized gains (losses) on equity securities were as follows during the three and nine months ended September 30, 2023 and 2022: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Readily determinable fair value $ (46) $ (107) $ 77 $ (447) No readily determinable fair value — — (138) — Unrealized gains (losses) on equity securities $ (46) $ (107) $ (61) $ (447)

LOANS AND RELATED ALLOWANCE F_2

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Sep. 30, 2023
Loans and Leases Receivable Disclosure [Abstract]
Summary of Loans	Major categories of loans are summarized as follows: (dollars in thousands) September 30, 2023 December 31, 2022 Commercial and industrial $ 386,933 $ 266,757 Commercial real estate - owner occupied 297,242 218,503 Commercial real estate - non-owner occupied 901,929 713,202 Construction and land development 371,158 360,824 Multi-family 388,742 287,865 One-to-four family residential 488,655 338,253 Agricultural and farmland 275,239 237,746 Municipal, consumer, and other 232,888 197,103 Loans, before allowance for credit losses 3,342,786 2,620,253 Allowance for credit losses (38,863) (25,333) Loans, net of allowance for credit losses $ 3,303,923 $ 2,594,920
Schedule of activity in allowance for loan losses	The following tables detail activity in the allowance for credit losses for the three and nine months ended September 30: Three Months Ended September 30, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 3,735 $ 2,362 $ 7,538 $ 5,834 $ 2,603 $ 4,077 $ 2,607 $ 9,058 $ 37,814 Provision for credit losses 515 (108) 248 1,004 (348) (21) (337) 30 983 Charge-offs (15) (2) (171) — — (8) — (216) (412) Recoveries 14 2 15 44 280 40 2 81 478 Ending balance $ 4,249 $ 2,254 $ 7,630 $ 6,882 $ 2,535 $ 4,088 $ 2,272 $ 8,953 $ 38,863 Three Months Ended September 30, 2022 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 2,981 $ 1,224 $ 6,611 $ 4,059 $ 1,375 $ 1,696 $ 924 $ 5,864 $ 24,734 Provision for loan losses 14 (65) 268 316 (52) (78) (83) 66 386 Charge-offs (17) — — — — (18) — (187) (222) Recoveries 6 1 3 1 — 60 — 91 162 Ending balance $ 2,984 $ 1,160 $ 6,882 $ 4,376 $ 1,323 $ 1,660 $ 841 $ 5,834 $ 25,060 Nine Months Ended September 30, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total 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 1,693 336 87 398 630 939 (100) 1,021 5,004 Charge-offs (15) (5) (171) — — (34) — (508) (733) Recoveries 45 16 253 52 280 135 4 244 1,029 Ending balance $ 4,249 $ 2,254 $ 7,630 $ 6,882 $ 2,535 $ 4,088 $ 2,272 $ 8,953 $ 38,863 Nine Months Ended September 30, 2022 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 2,440 $ 1,840 $ 8,145 $ 4,914 $ 1,263 $ 1,311 $ 845 $ 3,178 $ 23,936 Provision for loan losses (189) (781) (1,536) (539) 60 93 (4) 2,843 (53) Charge-offs (22) — — — — (67) — (426) (515) Recoveries 755 101 273 1 — 323 — 239 1,692 Ending balance $ 2,984 $ 1,160 $ 6,882 $ 4,376 $ 1,323 $ 1,660 $ 841 $ 5,834 $ 25,060 The following tables present loans and the related allowance for credit losses by category: September 30, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: Collectively evaluated for impairment $ 386,763 $ 297,068 $ 888,068 $ 370,942 $ 388,282 $ 482,838 $ 275,111 $ 217,638 $ 3,306,710 Individually evaluated for impairment 170 174 13,861 216 460 5,817 128 15,250 36,076 Total $ 386,933 $ 297,242 $ 901,929 $ 371,158 $ 388,742 $ 488,655 $ 275,239 $ 232,888 $ 3,342,786 Allowance for credit losses: Collectively evaluated for impairment $ 4,244 $ 2,254 $ 6,503 $ 6,882 $ 2,535 $ 3,737 $ 2,272 $ 5,844 $ 34,271 Individually evaluated for impairment 5 — 1,127 — — 351 — 3,109 4,592 Total $ 4,249 $ 2,254 $ 7,630 $ 6,882 $ 2,535 $ 4,088 $ 2,272 $ 8,953 $ 38,863 December 31, 2022 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: 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, further sorted by origination year, were as follows during the three and nine months ended September 30, 2023: Gross Charge-Offs for the Three Months Ended September 30, 2023 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial and industrial $ — $ — $ — $ — $ — $ — $ 15 $ — $ 15 Commercial real estate - owner occupied — 2 — — — — — — 2 Commercial real estate - non-owner occupied — — — — — — 171 — 171 Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — — 8 — — 8 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 141 9 — — — — 66 — 216 Total $ 141 $ 11 $ — $ — $ — $ 8 $ 252 $ — $ 412 Gross Charge-Offs for the Nine Months Ended September 30, 2023 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial and industrial $ — $ — $ — $ — $ — $ — $ 15 $ — $ 15 Commercial real estate - owner occupied — 5 — — — — — — 5 Commercial real estate - non-owner occupied — — — — — — 171 — 171 Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — 1 33 — — 34 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 276 83 — 9 — — 140 — 508 Total $ 276 $ 88 $ — $ 9 $ 1 $ 33 $ 326 $ — $ 733
Schedule of amortized cost of collateral dependent loans	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: September 30, 2023 Amortized Cost Allowance Primary Collateral Type (dollars in thousands) Real Estate Vehicles Other Total Commercial and industrial $ — $ — $ 170 $ 170 $ 5 Commercial real estate - owner occupied 174 — — 174 — Commercial real estate - non-owner occupied 13,861 — — 13,861 1,127 Construction and land development 216 — — 216 — Multi-family 460 — — 460 — One-to-four family residential 5,817 — — 5,817 351 Agricultural and farmland 128 — — 128 — Municipal, consumer, and other 15,141 31 78 15,250 3,109 Total $ 35,797 $ 31 $ 248 $ 36,076 $ 4,592
Schedule of loans individually evaluated for impairment by category PREADOPTION	The following table presents loans individually evaluated for impairment by category of loans: December 31, 2022 (dollars in thousands) Unpaid Recorded Related With an allowance recorded: 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 September 30, 2022 (dollars in thousands) Average Interest With an allowance recorded: Commercial and industrial $ 258 $ 5 Commercial real estate - owner occupied 739 11 Commercial real estate - non-owner occupied 14,441 185 Construction and land development — — Multi-family — — One-to-four family residential 349 2 Agricultural and farmland — — Municipal, consumer, and other 8,254 66 Total $ 24,041 $ 269 With no related allowance: Commercial and industrial $ 3,894 $ 41 Commercial real estate - owner occupied 11,651 141 Commercial real estate - non-owner occupied 17,220 369 Construction and land development 2,010 57 Multi-family — — One-to-four family residential 8,119 99 Agricultural and farmland 425 5 Municipal, consumer, and other 4,457 44 Total $ 47,776 $ 756 Total loans individually evaluated for impairment: Commercial and industrial $ 4,152 $ 46 Commercial real estate - owner occupied 12,390 152 Commercial real estate - non-owner occupied 31,661 554 Construction and land development 2,010 57 Multi-family — — One-to-four family residential 8,468 101 Agricultural and farmland 425 5 Municipal, consumer, and other 12,711 110 Total $ 71,817 $ 1,025 Nine Months Ended September 30, 2022 (dollars in thousands) Average Interest With an allowance recorded: Commercial and industrial $ 272 $ 13 Commercial real estate - owner occupied 1,297 55 Commercial real estate - non-owner occupied 14,631 556 Construction and land development — — Multi-family — — One-to-four family residential 513 11 Agricultural and farmland — — Municipal, consumer, and other 8,368 151 Total $ 25,081 $ 786 With no related allowance: Commercial and industrial $ 12,793 $ 397 Commercial real estate - owner occupied 11,524 388 Commercial real estate - non-owner occupied 16,894 907 Construction and land development 2,012 105 Multi-family — — One-to-four family residential 8,341 240 Agricultural and farmland 305 8 Municipal, consumer, and other 4,493 98 Total $ 56,362 $ 2,143 Total loans individually evaluated for impairment: Commercial and industrial $ 13,065 $ 410 Commercial real estate - owner occupied 12,821 443 Commercial real estate - non-owner occupied 31,525 1,463 Construction and land development 2,012 105 Multi-family — — One-to-four family residential 8,854 251 Agricultural and farmland 305 8 Municipal, consumer, and other 12,861 249 Total $ 81,443 $ 2,929
Schedule of changes in the accretable yield for loans acquired with deteriorated credit quality	Changes in the accretable yield for loans acquired with deteriorated credit quality were as follows: (dollars in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Beginning balance $ 537 $ 413 Reclassification from non-accretable difference 283 500 Accretion income (58) (151) Ending balance $ 762 $ 762
Schedule of recorded investment on past due basis	The following tables present loans by category based on current payment and accrual status: September 30, 2023 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total Commercial and industrial $ 386,383 $ 380 $ — $ 170 $ 386,933 Commercial real estate - owner occupied 297,069 — — 173 297,242 Commercial real estate - non-owner occupied 900,058 1,605 — 266 901,929 Construction and land development 370,922 20 — 216 371,158 Multi-family 387,966 316 — 460 388,742 One-to-four family residential 481,603 1,897 — 5,155 488,655 Agricultural and farmland 275,096 15 — 128 275,239 Municipal, consumer, and other 232,561 217 — 110 232,888 Total $ 3,331,658 $ 4,450 $ — $ 6,678 $ 3,342,786 December 31, 2022 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total 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	The following table presents nonaccrual loans with and without a related allowance for credit losses: September 30, 2023 (dollars in thousands) Nonaccrual Nonaccrual Total Commercial and industrial $ 127 $ 43 $ 170 Commercial real estate - owner occupied — 173 173 Commercial real estate - non-owner occupied 220 46 266 Construction and land development — 216 216 Multi-family — 460 460 One-to-four family residential 100 5,055 5,155 Agricultural and farmland — 128 128 Municipal, consumer, and other 31 79 110 Total $ 478 $ 6,200 $ 6,678
Schedule of loans by category risk ratings	The following tables present loans by category based on their assigned risk ratings determined by management: September 30, 2023 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total Commercial and industrial $ 382,041 $ 4,114 $ 778 $ — $ 386,933 Commercial real estate - owner occupied 279,081 8,249 9,912 — 297,242 Commercial real estate - non-owner occupied 842,816 33,767 25,346 — 901,929 Construction and land development 366,198 4,667 293 — 371,158 Multi-family 363,214 24,753 775 — 388,742 One-to-four family residential 468,736 7,572 12,347 — 488,655 Agricultural and farmland 266,353 5,466 3,420 — 275,239 Municipal, consumer, and other 215,726 1,771 15,391 — 232,888 Total $ 3,184,165 $ 90,359 $ 68,262 $ — $ 3,342,786 December 31, 2022 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total 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	Risk ratings of loans, further sorted by origination year, are as follows as of September 30, 2023: (dollars in thousands) Term Loans by Origination Year Revolving Revolving Total 2023 2022 2021 2020 2019 Prior Commercial and industrial Pass $ 94,311 $ 59,814 $ 26,229 $ 29,297 $ 5,927 $ 8,496 $ 150,403 $ 7,564 $ 382,041 Pass-Watch 229 1,400 257 198 788 450 284 508 4,114 Substandard 3 87 40 43 — 44 310 251 778 Total $ 94,543 $ 61,301 $ 26,526 $ 29,538 $ 6,715 $ 8,990 $ 150,997 $ 8,323 $ 386,933 Commercial real estate - owner occupied Pass $ 25,378 $ 64,227 $ 58,426 $ 55,269 $ 33,692 $ 34,949 $ 6,487 $ 653 $ 279,081 Pass-Watch 556 963 3,102 351 1,624 1,653 — — 8,249 Substandard 463 1,163 3,338 70 658 3,229 991 — 9,912 Total $ 26,397 $ 66,353 $ 64,866 $ 55,690 $ 35,974 $ 39,831 $ 7,478 $ 653 $ 297,242 Commercial real estate - non-owner occupied Pass $ 96,710 $ 254,299 $ 247,868 $ 90,232 $ 96,034 $ 43,858 $ 10,042 $ 3,773 $ 842,816 Pass-Watch 696 — 7,684 358 7,277 3,823 13,680 249 33,767 Substandard 13,424 126 — — 2,465 9,331 — — 25,346 Total $ 110,830 $ 254,425 $ 255,552 $ 90,590 $ 105,776 $ 57,012 $ 23,722 $ 4,022 $ 901,929 Construction and land development Pass $ 139,883 $ 143,616 $ 58,998 $ 7,459 $ 2,753 $ 1,005 $ 7,232 $ 5,252 $ 366,198 Pass-Watch 155 2,537 — — — 11 1,127 837 4,667 Substandard — 216 — — — 77 — — 293 Total $ 140,038 $ 146,369 $ 58,998 $ 7,459 $ 2,753 $ 1,093 $ 8,359 $ 6,089 $ 371,158 Multi-family Pass $ 44,034 $ 78,646 $ 99,032 $ 53,945 $ 32,475 $ 47,177 $ 7,403 $ 502 $ 363,214 Pass-Watch 2,747 6,671 — 8,827 55 6,096 349 8 24,753 Substandard — — 316 — — 459 — — 775 Total $ 46,781 $ 85,317 $ 99,348 $ 62,772 $ 32,530 $ 53,732 $ 7,752 $ 510 $ 388,742 One-to-four family residential Pass $ 91,683 $ 87,716 $ 87,384 $ 65,721 $ 23,325 $ 50,394 $ 57,222 $ 5,291 $ 468,736 Pass-Watch 2,503 412 958 332 608 2,219 219 321 7,572 Substandard 490 2,268 814 831 801 4,245 — 2,898 12,347 Total $ 94,676 $ 90,396 $ 89,156 $ 66,884 $ 24,734 $ 56,858 $ 57,441 $ 8,510 $ 488,655 Agricultural and farmland Pass $ 31,739 $ 36,428 $ 39,008 $ 37,683 $ 10,797 $ 11,247 $ 97,954 $ 1,497 $ 266,353 Pass-Watch 926 2,030 95 1,006 137 731 541 — 5,466 Substandard — — 15 3,277 — 128 — — 3,420 Total $ 32,665 $ 38,458 $ 39,118 $ 41,966 $ 10,934 $ 12,106 $ 98,495 $ 1,497 $ 275,239 Municipal, Consumer, and other Pass $ 38,953 $ 58,869 $ 28,671 $ 15,023 $ 1,639 $ 44,137 $ 28,433 $ 1 $ 215,726 Pass-Watch — 4 — 17 — 1,750 — — 1,771 Substandard 63 85 5 2 43 15,176 17 — 15,391 Total $ 39,016 $ 58,958 $ 28,676 $ 15,042 $ 1,682 $ 61,063 $ 28,450 $ 1 $ 232,888 Total by Risk Rating Pass $ 562,691 $ 783,615 $ 645,616 $ 354,629 $ 206,642 $ 241,263 $ 365,176 $ 24,533 $ 3,184,165 Pass-Watch 7,812 14,017 12,096 11,089 10,489 16,733 16,200 1,923 90,359 Substandard 14,443 3,945 4,528 4,223 3,967 32,689 1,318 3,149 68,262 Total $ 584,946 $ 801,577 $ 662,240 $ 369,941 $ 221,098 $ 290,685 $ 382,694 $ 29,605 $ 3,342,786

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	9 Months Ended
	Sep. 30, 2023
Transfers and Servicing [Abstract]
Schedule of activity in mortgage servicing rights	Activity in mortgage servicing rights is as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 20,133 $ 10,089 $ 10,147 $ 7,994 Acquired — — 10,469 — Capitalized servicing rights 227 144 526 451 Fair value adjustment: Attributable to payments and principal reductions (631) (362) (1,621) (1,048) Attributable to changes in valuation inputs and assumptions 427 569 635 3,043 Total fair value adjustment (204) 207 (986) 1,995 Ending balance $ 20,156 $ 10,440 $ 20,156 $ 10,440

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Schedule of foreclosed assets activity	Foreclosed assets activity is as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,080 $ 2,891 $ 3,030 $ 3,278 Acquired — — 271 — Transfers from loans 879 — 1,049 27 Proceeds from sales (2,990) (29) (3,274) (476) Net gain on sales 564 20 632 118 Direct write-downs (14) (245) (189) (310) Ending balance $ 1,519 $ 2,637 $ 1,519 $ 2,637
Schedule of gains (losses) on foreclosed assets	Gains (losses) on foreclosed assets includes the following: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Direct write-downs $ (14) $ (245) $ (189) $ (310) Net gain on sales 564 20 632 118 Gains (losses) on foreclosed assets $ 550 $ (225) $ 443 $ (192)

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2023
Deposits [Abstract]
Schedule of Company's interest-bearing deposits	The Company’s deposits are summarized below: (dollars in thousands) September 30, 2023 December 31, 2022 Noninterest-bearing deposits $ 1,086,877 $ 994,954 Interest-bearing deposits: Interest-bearing demand 1,134,721 1,139,150 Money market 673,780 555,425 Savings 623,083 634,527 Time 679,607 262,968 Total interest-bearing deposits 3,111,191 2,592,070 Total deposits $ 4,198,068 $ 3,587,024
Schedule of interest expense on deposits	The components of interest expense on deposits are as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest-bearing demand $ 761 $ 144 $ 1,902 $ 430 Money market 2,041 203 4,492 434 Savings 249 53 616 155 Time 4,160 187 6,898 643 Total interest expense on deposits $ 7,211 $ 587 $ 13,908 $ 1,662

JUNIOR SUBORDINATED DEBENTURE_2

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS (Tables)	9 Months Ended
	Sep. 30, 2023
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract]
Schedule of carrying value of subordinated debentures	The face values and carrying values of the junior subordinated debentures are summarized as follows: Carrying Value (dollars in thousands) Face Value September 30, 2023 December 31, 2022 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 4,837 4,788 Town and Country Statutory Trust II 4,124 4,407 — Town and Country Statutory Trust III 7,732 7,575 — West Plains Investors Statutory Trust I 3,093 2,963 — Total $ 53,714 $ 52,774 $ 37,780
Schedule of interest rates and maturities of the junior subordinated debentures	The interest rates and maturities of the junior subordinated debentures are summarized as follows: Interest Rate at Variable Interest Rate September 30, December 31, Maturity Date Heartland Bancorp, Inc. Capital Trust B SOFR plus 3.01% 8.32 % 6.83 % April 6, 2034 Heartland Bancorp, Inc. Capital Trust C SOFR plus 1.79 7.20 6.30 June 15, 2037 Heartland Bancorp, Inc. Capital Trust D SOFR plus 1.61 7.02 6.12 September 15, 2037 FFBI Capital Trust I SOFR plus 3.06 8.37 6.88 April 6, 2034 National Bancorp Statutory Trust I SOFR plus 3.16 8.57 7.67 December 15, 2037 Town and Country Statutory Trust II SOFR plus 3.05 8.46 N/A March 17, 2034 Town and Country Statutory Trust III SOFR plus 1.94 7.35 N/A March 22, 2037 West Plains Investors Statutory Trust I SOFR plus 1.71 7.12 N/A June 15, 2037

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of fair values of Company's derivative instrument assets and liabilities related to interest rate swap contracts	The interest rate swap agreements designated as cash flow hedges are summarized as follows: September 30, 2023 December 31, 2022 (dollars in thousands) Notional Fair Notional Fair Fair value recorded in other assets $ 17,000 $ 514 $ 17,000 $ 629
Schedule of the effect of interest rate contracts designated as cash flow hedges on the consolidated statements of income	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) Three Months Ended Nine Months Ended (dollars in thousands) 2023 2022 2023 2022 Designated as cash flow hedges: Junior subordinated debentures interest expense $ 131 $ (14) $ 334 $ (177)
Summary of interest rate swap agreements not designated as hedging instruments	The interest rate swap agreements not designated as hedging instruments are summarized as follows: September 30, 2023 December 31, 2022 (dollars in thousands) Notional Fair Notional Fair Fair value recorded in other assets: Interest rate swaps with a commercial borrower counterparty $ — $ — $ — $ — Interest rate swaps with a financial institution counterparty 101,612 9,674 106,995 6,981 Total fair value recorded in other assets $ 101,612 $ 9,674 $ 106,995 $ 6,981 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 101,612 $ (9,674) $ 106,995 $ (6,981) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 101,612 $ (9,674) $ 106,995 $ (6,981)
Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income	The effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income on the consolidated statements of income are summarized as follows: Three Months Ended Nine Months Ended (dollars in thousands) 2023 2022 2023 2022 Not designated as hedging instruments: Gross gains $ 2,510 $ 5,209 $ 6,950 $ 15,303 Gross losses (2,510) (5,209) (6,950) (15,303) Net gains (losses) $ — $ — $ — $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2023
AOCI Attributable to Parent [Abstract]
Schedule of the activity and accumulated balances for components of other comprehensive income (loss)	The following table presents the activity and accumulated balances for components of other comprehensive income (loss): Unrealized Gains (Losses) (dollars in thousands) Available-for-Sale Held-to-Maturity Derivatives Total Three Months Ended September 30, 2023 Balance, June 30, 2023 $ (61,560) $ (9,256) $ 154 $ (70,662) Other comprehensive income (loss) before reclassifications (11,326) — 58 (11,268) Reclassifications 13 518 (131) 400 Other comprehensive income (loss), before tax (11,313) 518 (73) (10,868) Income tax expense (benefit) (3,224) 147 (21) (3,098) Other comprehensive income (loss), after tax (8,089) 371 (52) (7,770) Balance, September 30, 2023 $ (69,649) $ (8,885) $ 102 $ (78,432) Three Months Ended September 30, 2022 Balance, June 30, 2022 $ (42,061) $ (10,656) $ (103) $ (52,820) Other comprehensive income (loss) before reclassifications (35,358) — 374 (34,984) Reclassifications — 504 14 518 Other comprehensive income (loss), before tax (35,358) 504 388 (34,466) Income tax expense (benefit) (10,079) 144 111 (9,824) Other comprehensive income (loss), after tax (25,279) 360 277 (24,642) Balance, September 30, 2022 $ (67,340) $ (10,296) $ 174 $ (77,462) Unrealized Gains (Losses) (dollars in thousands) Available-for-Sale Held-to-Maturity Derivatives Total Nine Months Ended September 30, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications (12,521) — 219 (12,302) Reclassifications 1,820 1,483 (334) 2,969 Other comprehensive income (loss), before tax (10,701) 1,483 (115) (9,333) Income tax expense (benefit) (3,050) 422 (32) (2,660) Other comprehensive income (loss), after tax (7,651) 1,061 (83) (6,673) Balance, September 30, 2023 $ (69,649) $ (8,885) $ 102 $ (78,432) Nine Months Ended September 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 (112,931) — 1,117 (111,814) Reclassifications — 1,234 177 1,411 Other comprehensive income (loss), before tax (112,931) 1,234 1,294 (110,403) Income tax expense (benefit) (32,191) 352 369 (31,470) Other comprehensive income (loss), after tax (80,740) 882 925 (78,933) Balance, September 30, 2022 $ (67,340) $ (10,296) $ 174 $ (77,462)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings	The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Numerator: Net income $ 19,715 $ 15,627 $ 47,396 $ 43,316 Earnings allocated to participating securities (10) (17) (26) (51) Numerator for earnings per share - basic and diluted $ 19,705 $ 15,610 $ 47,370 $ 43,265 Denominator: Weighted average common shares outstanding 31,829,250 28,787,662 31,598,650 28,887,757 Dilutive effect of outstanding restricted stock units 137,187 72,643 102,574 56,761 Weighted average common shares outstanding, including all dilutive potential shares 31,966,437 28,860,305 31,701,224 28,944,518 Earnings per share - Basic $ 0.62 $ 0.54 $ 1.50 $ 1.50 Earnings per share - Diluted $ 0.62 $ 0.54 $ 1.49 $ 1.49

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of stock-based compensation expense	The following is a summary of stock-based compensation expense (benefit): Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Restricted stock units $ 313 $ 230 $ 907 $ 1,072 Performance restricted stock units 295 119 652 530 Total awards classified as equity 608 349 1,559 1,602 Stock appreciation rights 3 51 (43) 35 Total stock-based compensation expense $ 611 $ 400 $ 1,516 $ 1,637
Schedule of the summary of outstanding restricted stock units	The following is a summary of restricted stock unit activity: Three Months Ended September 30, 2023 2022 Restricted Weighted Restricted Weighted Beginning balance 129,422 $ 19.58 120,631 $ 17.98 Granted — — — — Vested — — — — Forfeited (520) 21.23 (1,328) 18.35 Ending balance 128,902 $ 19.57 119,303 $ 17.98 Nine Months Ended September 30, 2023 2022 Restricted Weighted Restricted Weighted 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 (1,238) 18.53 (1,328) 18.35 Ending balance 128,902 $ 19.57 119,303 $ 17.98 The following is a summary of performance restricted stock unit activity: Three Months Ended September 30, 2023 2022 Performance Weighted Performance Weighted Beginning balance 79,097 $ 18.25 62,067 $ 17.02 Granted — — — — Vested — — — — Forfeited — — — — Ending balance 79,097 $ 18.25 62,067 $ 17.02 Nine Months Ended September 30, 2023 2022 Performance Weighted Performance Weighted 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
Schedule of the status of stock appreciation rights and changes	The following is a summary of stock appreciation rights activity: Three Months Ended September 30, 2023 2022 Stock Weighted Stock Weighted Beginning balance 73,440 $ 16.32 91,800 $ 16.32 Granted — — — — Exercised — — — — Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 91,800 $ 16.32 Nine Months Ended September 30, 2023 2022 Stock Weighted Stock Weighted 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 September 30, 2023, is as follows: Stock Appreciation Rights Weighted Average Grant Date Assigned Values Outstanding Exercisable $16.32 73,440 73,440 5.9 years
Schedule of assumptions used in valuing stock appreciation rights	The Company uses 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. September 30, 2023 December 31, 2022 Risk-free interest rate 4.60 % 3.95 % Expected volatility 37.29 % 36.54 % Expected life (in years) 5.9 6.7 Expected dividend yield 3.73 % 3.27 %

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2023
Banking and Thrift, Other Disclosure [Abstract]
Schedule of the Company's and the bank subsidiaries' actual and required capital amounts and ratios	The actual and required capital amounts and ratios of the Company (on a consolidated basis) and the Bank are as follows: September 30, 2023 Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Consolidated HBT Financial, Inc. Total Capital (to Risk Weighted Assets) $ 590,174 15.09 % $ 312,868 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 515,643 13.18 234,651 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 464,483 11.88 175,988 4.50 N/A N/A Tier 1 Capital (to Average Assets) 515,643 10.34 199,420 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 577,525 14.78 % $ 312,537 8.00 % $ 390,671 10.00 % Tier 1 Capital (to Risk Weighted Assets) 542,448 13.89 234,403 6.00 312,537 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 542,448 13.89 175,802 4.50 253,936 6.50 Tier 1 Capital (to Average Assets) 542,448 10.89 199,216 4.00 249,020 5.00 December 31, 2022 Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Consolidated HBT Financial, Inc. Total Capital (to Risk Weighted Assets) $ 516,556 16.27 % $ 254,052 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 451,828 14.23 190,539 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 415,213 13.07 142,904 4.50 N/A N/A Tier 1 Capital (to Average Assets) 451,828 10.48 172,427 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 489,316 15.43 % $ 253,643 8.00 % $ 317,054 10.00 % Tier 1 Capital (to Risk Weighted Assets) 463,983 14.63 190,233 6.00 253,643 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 463,983 14.63 142,674 4.50 206,085 6.50 Tier 1 Capital (to Average Assets) 463,983 10.78 172,240 4.00 215,300 5.00

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Summary of assets measured at fair value on a recurring basis	The following tables present the balances of the assets measured at fair value on a recurring basis: September 30, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Debt securities available-for-sale: U.S. Treasury $ 154,394 $ — $ — $ 154,394 U.S. government agency — 50,715 — 50,715 Municipal — 195,201 — 195,201 Mortgage-backed: Agency residential — 177,050 — 177,050 Agency commercial — 124,329 — 124,329 Corporate — 51,474 — 51,474 Equity securities with readily determinable fair values 3,106 — — 3,106 Mortgage servicing rights — — 20,156 20,156 Derivative financial assets — 10,188 — 10,188 Derivative financial liabilities — 9,674 — 9,674 December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total 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): September 30, 2023 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 20,156 Discounted cash flows Constant pre-payment rates (CPR) 6.5% to 41.5% (8.2%) Discount rate 9.0% to 45.9% (9.8%) December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range 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	The following tables present the balances of the assets measured at fair value on a nonrecurring basis: September 30, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Loans held for sale $ — $ 3,563 $ — $ 3,563 Collateral-dependent loans — — 31,484 31,484 Bank premises held for sale — — 35 35 Foreclosed assets — — 1,519 1,519 December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total 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): September 30, 2023 Fair Valuation Unobservable Inputs Range Collateral-dependent loans $ 31,484 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 35 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 1,519 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	The following table provides summary information on the carrying amounts and estimated fair values of the Company’s financial instruments: (dollars in thousands) Fair Value September 30, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents Level 1 $ 111,913 $ 111,913 $ 114,159 $ 114,159 Debt securities held-to-maturity Level 2 527,144 450,313 541,600 478,801 Restricted stock Level 3 11,165 11,165 7,965 7,965 Loans, net Level 3 3,303,923 3,252,850 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 23,447 23,447 19,506 19,506 Financial liabilities: Time deposits Level 3 679,607 668,960 262,968 253,619 Securities sold under agreements to repurchase Level 2 28,900 28,900 43,081 43,081 Subordinated notes Level 3 39,454 36,852 39,395 37,205 Junior subordinated debentures Level 3 52,774 43,600 37,780 37,030 Accrued interest payable Level 2 3,707 3,707 1,363 1,363

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of commitments and conditional obligations	Such commitments and conditional obligations were as follows: Contractual Amount (dollars in thousands) September 30, 2023 December 31, 2022 Commitments to extend credit $ 881,943 $ 756,885 Standby letters of credit 23,689 17,785

ACCOUNTING POLICIES - Narrative

ACCOUNTING POLICIES - Narrative (Details)	9 Months Ended
	Sep. 30, 2023 segment
Accounting Policies [Abstract]
Number of segments	1

ACCOUNTING POLICIES - Impact of

ACCOUNTING POLICIES - Impact of ASC 326 on the allowance for credit losses (Details) - USD ($) $ in Thousands		9 Months Ended
	Jan. 01, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
ACCOUNTING POLICIES
Retained earnings (accumulated deficit)		$ (256,050)		$ (232,004)
Allowance for Credit Losses		38,863	$ 37,814	25,333	$ 25,060	$ 24,734	$ 23,936
PCD allowance established in acquisition		1,247
Commercial and industrial
ACCOUNTING POLICIES
Allowance for Credit Losses		4,249	3,735	3,279	2,984	2,981	2,440
PCD allowance established in acquisition		69
Commercial real estate - owner occupied
ACCOUNTING POLICIES
Allowance for Credit Losses		2,254	2,362	1,193	1,160	1,224	1,840
PCD allowance established in acquisition		127
Commercial real estate - non-owner occupied
ACCOUNTING POLICIES
Allowance for Credit Losses		7,630	7,538	6,721	6,882	6,611	8,145
PCD allowance established in acquisition		239
Construction and land development
ACCOUNTING POLICIES
Allowance for Credit Losses		6,882	5,834	4,223	4,376	4,059	4,914
PCD allowance established in acquisition		240
Multi-family
ACCOUNTING POLICIES
Allowance for Credit Losses		2,535	2,603	1,472	1,323	1,375	1,263
PCD allowance established in acquisition		68
One-to-four family residential
ACCOUNTING POLICIES
Allowance for Credit Losses		4,088	4,077	1,759	1,660	1,696	1,311
PCD allowance established in acquisition		492
Agricultural and farmland
ACCOUNTING POLICIES
Allowance for Credit Losses		2,272	2,607	796	841	924	845
PCD allowance established in acquisition		5
Municipal, consumer, and other
ACCOUNTING POLICIES
Allowance for Credit Losses		8,953	$ 9,058	5,890	$ 5,834	$ 5,864	$ 3,178
PCD allowance established in acquisition		7
Allowance for credit losses on unfunded commitments
ACCOUNTING POLICIES
Allowance for Credit Losses		4,400		$ 0
Cumulative Effect, Period of Adoption, Adjustment
ACCOUNTING POLICIES
Retained earnings (accumulated deficit)	$ 6,900
Allowance for Credit Losses	6,983	6,983
PCD allowance established in acquisition	200
Cumulative Effect, Period of Adoption, Adjustment | Commercial and industrial
ACCOUNTING POLICIES
Allowance for Credit Losses	(822)	(822)
Cumulative Effect, Period of Adoption, Adjustment | Commercial real estate - owner occupied
ACCOUNTING POLICIES
Allowance for Credit Losses	587	587
Cumulative Effect, Period of Adoption, Adjustment | Commercial real estate - non-owner occupied
ACCOUNTING POLICIES
Allowance for Credit Losses	501	501
Cumulative Effect, Period of Adoption, Adjustment | Construction and land development
ACCOUNTING POLICIES
Allowance for Credit Losses	1,969	1,969
Cumulative Effect, Period of Adoption, Adjustment | Multi-family
ACCOUNTING POLICIES
Allowance for Credit Losses	85	85
Cumulative Effect, Period of Adoption, Adjustment | One-to-four family residential
ACCOUNTING POLICIES
Allowance for Credit Losses	797	797
Cumulative Effect, Period of Adoption, Adjustment | Agricultural and farmland
ACCOUNTING POLICIES
Allowance for Credit Losses	1,567	1,567
Cumulative Effect, Period of Adoption, Adjustment | Municipal, consumer, and other
ACCOUNTING POLICIES
Allowance for Credit Losses	2,299	$ 2,299
Cumulative Effect, Period of Adoption, Adjustment | Allowance for credit losses on unfunded commitments
ACCOUNTING POLICIES
Allowance for Credit Losses	2,899
Cumulative Effect, Period of Adoption, Adjusted Balance
ACCOUNTING POLICIES
Allowance for Credit Losses	32,316
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial and industrial
ACCOUNTING POLICIES
Allowance for Credit Losses	2,457
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial real estate - owner occupied
ACCOUNTING POLICIES
Allowance for Credit Losses	1,780
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial real estate - non-owner occupied
ACCOUNTING POLICIES
Allowance for Credit Losses	7,222
Cumulative Effect, Period of Adoption, Adjusted Balance | Construction and land development
ACCOUNTING POLICIES
Allowance for Credit Losses	6,192
Cumulative Effect, Period of Adoption, Adjusted Balance | Multi-family
ACCOUNTING POLICIES
Allowance for Credit Losses	1,557
Cumulative Effect, Period of Adoption, Adjusted Balance | One-to-four family residential
ACCOUNTING POLICIES
Allowance for Credit Losses	2,556
Cumulative Effect, Period of Adoption, Adjusted Balance | Agricultural and farmland
ACCOUNTING POLICIES
Allowance for Credit Losses	2,363
Cumulative Effect, Period of Adoption, Adjusted Balance | Municipal, consumer, and other
ACCOUNTING POLICIES
Allowance for Credit Losses	8,189
Cumulative Effect, Period of Adoption, Adjusted Balance | Allowance for credit losses on unfunded commitments
ACCOUNTING POLICIES
Allowance for Credit Losses	$ 2,899

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Feb. 01, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill		$ 59,820		$ 59,820		$ 29,322
Town and Country
Business Acquisition [Line Items]
Percentage of voting interests acquired	100%
Stock consideration per share (shares per share)	1.9010
Cash consideration per share (in dollars per share)	$ 35.66
Stock consideration (number of shares)	3,378,600
Cash consideration	$ 37,996
Share price (in dollars per share)	$ 21.12
Total consideration	$ 109,352
Maximum period for refinement of fair values from closing date				1 year
Adjustment, income tax assets and liabilities		100
Goodwill	$ 30,498
Acquisition-related expenses, total		$ 0	$ 462	$ 13,691	$ 462

ACQUISITIONS - Acquisition-rela

ACQUISITIONS - Acquisition-related expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Furniture and equipment	$ 667	$ 668	$ 2,135	$ 1,843
Marketing and customer relations	1,679	880	3,874	2,936
Total noninterest expense	30,671	23,998	100,577	71,997
Town and Country
Business Acquisition [Line Items]
PROVISION FOR CREDIT LOSSES	0	0	5,924	0
Salaries	0	0	3,584	0
Furniture and equipment	0	0	39	0
Data processing	0	0	2,031	0
Marketing and customer relations	0	0	24	0
Loan collection and servicing	0	0	125	0
Legal fees and other noninterest expense	0	462	1,964	462
Total noninterest expense	0	462	7,767	462
Total acquisition-related expenses	$ 0	$ 462	$ 13,691	$ 462

ACQUISITIONS - Assets Acquired

ACQUISITIONS - Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Feb. 01, 2023	Sep. 30, 2023	Dec. 31, 2022
Consideration paid:
Goodwill		$ 59,820	$ 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	9,151
Total assets acquired	906,658
Liabilities assumed:
Deposits	720,417
FHLB advances	86,439
Junior subordinated debentures	14,949
Other liabilities	5,999
Total liabilities assumed	827,804
Net assets acquired	78,854
Consideration paid:
Cash	37,996
Common stock	71,356
Total consideration paid	109,352
Goodwill	$ 30,498

ACQUISITIONS - PCD loans and su

ACQUISITIONS - PCD loans and subsequent changes (Details) - Town and Country - USD ($) $ in Thousands		9 Months Ended
	Feb. 01, 2023	Sep. 30, 2023
Business Acquisition [Line Items]
Unpaid principal balance	$ 89,822
Allowance for credit losses at acquisition	(1,247)
Non-credit 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 - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Total revenues (net interest income and noninterest income)	$ 57,459	$ 56,902	$ 174,015	$ 164,845
Net income	$ 19,497	$ 18,207	$ 47,697	$ 52,617
Earnings per share - basic (in dollars per share)	$ 0.61	$ 0.57	$ 1.49	$ 1.63
Earnings per share - diluted (in dollars per share)	$ 0.61	$ 0.56	$ 1.49	$ 1.63

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) security	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) security	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
SECURITIES
Number of securities in an unrealized loss position for a period of twelve months or more | security	669		669
Number of securities in an unrealized loss position for a period of less than twelve months | security	225		225
Allowance for credit losses	$ 0		$ 0
Debt securities, available-for-sale, accrued interest	6,200		6,200
Gross realized losses	813	$ 0	1,820	$ 0
Proceeds from sales of securities available-for-sale	39,436	0	185,280	0
Impairments of downward adjustments			100
Adjustment to carrying value of equity securities with no readily determinable fair value			200
Upward adjustment on equity securities with no readily determinable fair value	0		0		$ 0
Proceeds from sale of equity securities	0	$ 0	$ 0	$ 0
Municipal
SECURITIES
Percentage of securities with general obligation issue			79%
Allowance for credit losses	0		$ 0
Corporate
SECURITIES
Allowance for credit losses	0		0
Provision for credit losses	(800)
Assets Pledged
SECURITIES
Carrying value of securities pledged to secure public and trust deposits	$ 449,200		$ 449,200		$ 332,600

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and Fair values of securities with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available-for-sale:
Amortized Cost	$ 854,796	$ 934,456
Gross Unrealized Gains	12	106
Gross Unrealized Losses	(101,645)	(91,038)
Allowance for Credit Losses	0
Fair Value	753,163	843,524
Held-to-maturity
Amortized Cost	527,144	541,600
Gross Unrealized Gains	6	195
Gross Unrealized Losses	(76,837)	(62,994)
Fair Value	450,313	478,801
Allowance for Credit Losses	0
U.S. Treasury
Available-for-sale:
Amortized Cost	169,751	169,860
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(15,357)	(15,345)
Allowance for Credit Losses	0
Fair Value	154,394	154,515
U.S. government agency
Available-for-sale:
Amortized Cost	55,483	59,291
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(4,768)	(4,134)
Allowance for Credit Losses	0
Fair Value	50,715	55,157
Held-to-maturity
Amortized Cost	88,442	88,424
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(12,392)	(9,728)
Fair Value	76,050	78,696
Allowance for Credit Losses	0
Municipal
Available-for-sale:
Amortized Cost	231,444	275,972
Gross Unrealized Gains	1	46
Gross Unrealized Losses	(36,244)	(32,189)
Allowance for Credit Losses	0
Fair Value	195,201	243,829
Held-to-maturity
Amortized Cost	39,344	42,167
Gross Unrealized Gains	6	195
Gross Unrealized Losses	(1,686)	(314)
Fair Value	37,664	42,048
Allowance for Credit Losses	0
Agency residential
Available-for-sale:
Amortized Cost	197,549	213,676
Gross Unrealized Gains	9	5
Gross Unrealized Losses	(20,508)	(18,240)
Allowance for Credit Losses	0
Fair Value	177,050	195,441
Held-to-maturity
Amortized Cost	98,115	102,728
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(9,281)	(6,470)
Fair Value	88,834	96,258
Allowance for Credit Losses	0
Agency commercial
Available-for-sale:
Amortized Cost	142,920	150,060
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(18,593)	(17,172)
Allowance for Credit Losses	0
Fair Value	124,329	132,888
Held-to-maturity
Amortized Cost	301,243	308,281
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(53,478)	(46,482)
Fair Value	247,765	261,799
Allowance for Credit Losses	0
Corporate
Available-for-sale:
Amortized Cost	57,649	65,597
Gross Unrealized Gains	0	55
Gross Unrealized Losses	(6,175)	(3,958)
Allowance for Credit Losses	0
Fair Value	$ 51,474	$ 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	Sep. 30, 2023	Dec. 31, 2022	Mar. 31, 2022
Available-for-sale:
Amortized Cost	$ 527,144	$ 541,600
Debt securities held-to-maturity	450,313	478,801
U.S. government agency
Available-for-sale:
Amortized Cost	88,442	88,424
Debt securities held-to-maturity	76,050	78,696
Agency residential
Available-for-sale:
Amortized Cost	98,115	102,728
Debt securities held-to-maturity	88,834	96,258
Agency commercial
Available-for-sale:
Amortized Cost	301,243	308,281
Debt securities held-to-maturity	$ 247,765	$ 261,799
Debt Securities Transferred
Available-for-sale:
Amortized Cost			$ 114,850
Debt securities held-to-maturity			104,131
Debt Securities Transferred | U.S. government agency
Available-for-sale:
Amortized Cost			78,841
Debt securities held-to-maturity			71,048
Debt Securities Transferred | Agency residential
Available-for-sale:
Amortized Cost			8,175
Debt securities held-to-maturity			7,651
Debt Securities Transferred | Agency commercial
Available-for-sale:
Amortized Cost			27,834
Debt securities held-to-maturity			$ 25,432

SECURITIES - Amortized cost a_3

SECURITIES - Amortized cost and Fair values of securities with maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Amortized Cost
Due in 1 year or less	$ 34,149
Due after 1 year through 5 years	213,534
Due after 5 years through 10 years	217,279
Due after 10 years	49,365
Total	854,796
Fair Value
Due in 1 year or less	33,546
Due after 1 year through 5 years	197,634
Due after 5 years through 10 years	180,780
Due after 10 years	39,824
Fair Value	753,163	$ 843,524
Amortized Cost
Due in 1 year or less	2,643
Due after 1 year through 5 years	34,215
Due after 5 years through 10 years	85,250
Due after 10 years	5,678
Total	527,144
Fair Value
Due in 1 year or less	2,634
Due after 1 year through 5 years	31,718
Due after 5 years through 10 years	74,459
Due after 10 years	4,903
Fair Value	450,313	478,801
Agency residential
Amortized Cost
Total	197,549
Fair Value
Fair Value	177,050	195,441
Amortized Cost
Total	98,115
Fair Value
Fair Value	88,834	96,258
Agency commercial
Amortized Cost
Total	142,920
Fair Value
Fair Value	124,329	132,888
Amortized Cost
Total	301,243
Fair Value
Fair Value	$ 247,765	$ 261,799

SECURITIES - Investments in a C

SECURITIES - Investments in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Unrealized Loss
Less than 12 Months	$ (1,541)	$ (37,977)
12 Months or More	(100,104)	(53,061)
Total	(101,645)	(91,038)
Fair Value
Less than 12 Months	35,745	531,226
12 Months or More	713,939	299,159
Total	749,684	830,385
Unrealized Loss
Less than 12 Months		(22,823)
12 Months or More		(40,171)
Total		(62,994)
Fair Value
Less than 12 Months		220,934
12 Months or More		239,252
Total		460,186
Unrealized Loss
Less than 12 Months		(60,800)
12 Months or More		(93,232)
Total		(154,032)
Fair Value
Less than 12 Months		752,160
12 Months or More		538,411
Total		1,290,571
U.S. Treasury
Unrealized Loss
Less than 12 Months	0	(8,401)
12 Months or More	(15,357)	(6,944)
Total	(15,357)	(15,345)
Fair Value
Less than 12 Months	0	92,445
12 Months or More	154,394	62,070
Total	154,394	154,515
U.S. government agency
Unrealized Loss
Less than 12 Months	(5)	(2,980)
12 Months or More	(4,763)	(1,154)
Total	(4,768)	(4,134)
Fair Value
Less than 12 Months	1,380	47,370
12 Months or More	49,298	7,787
Total	50,678	55,157
Unrealized Loss
Less than 12 Months		(1,754)
12 Months or More		(7,974)
Total		(9,728)
Fair Value
Less than 12 Months		15,751
12 Months or More		62,945
Total		78,696
Municipal
Unrealized Loss
Less than 12 Months	(282)	(10,906)
12 Months or More	(35,962)	(21,283)
Total	(36,244)	(32,189)
Fair Value
Less than 12 Months	10,479	149,261
12 Months or More	183,720	87,794
Total	194,199	237,055
Unrealized Loss
Less than 12 Months		(314)
12 Months or More		0
Total		(314)
Fair Value
Less than 12 Months		23,433
12 Months or More		0
Total		23,433
Agency residential
Unrealized Loss
Less than 12 Months	(725)	(8,332)
12 Months or More	(19,783)	(9,908)
Total	(20,508)	(18,240)
Fair Value
Less than 12 Months	13,924	127,288
12 Months or More	160,778	65,692
Total	174,702	192,980
Unrealized Loss
Less than 12 Months		(4,039)
12 Months or More		(2,431)
Total		(6,470)
Fair Value
Less than 12 Months		78,452
12 Months or More		17,806
Total		96,258
Agency commercial
Unrealized Loss
Less than 12 Months	(86)	(4,764)
12 Months or More	(18,507)	(12,408)
Total	(18,593)	(17,172)
Fair Value
Less than 12 Months	3,645	62,672
12 Months or More	120,593	70,216
Total	124,238	132,888
Unrealized Loss
Less than 12 Months		(16,716)
12 Months or More		(29,766)
Total		(46,482)
Fair Value
Less than 12 Months		103,298
12 Months or More		158,501
Total		261,799
Corporate
Unrealized Loss
Less than 12 Months	(443)	(2,594)
12 Months or More	(5,732)	(1,364)
Total	(6,175)	(3,958)
Fair Value
Less than 12 Months	6,317	52,190
12 Months or More	45,156	5,600
Total	$ 51,473	$ 57,790

SECURITIES - Sale of debt secur

SECURITIES - Sale of debt securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	$ 39,436	$ 0	$ 185,280	$ 0
Gross realized gains	0	0	0	0
Gross realized losses	$ (813)	$ 0	$ (1,820)	$ 0

SECURITIES - Equity securities

SECURITIES - Equity securities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Readily Determinable Fair Value
Initial cost	$ 3,142	$ 3,142
Cumulative net unrealized gains (losses)	(36)	(113)
Carrying value	3,106	3,029
No Readily Determinable Fair Value
Initial cost	2,603	2,142
Cumulative net unrealized gains (losses)	(303)	(165)
Carrying value	$ 2,300	$ 1,977

SECURITIES - Sale and Gain (los

SECURITIES - Sale and Gain (loss) on securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net unrealized gains (losses) on equity securities:
Readily determinable fair value	$ (46)	$ (107)	$ 77	$ (447)
No readily determinable fair value	0	0	(138)	0
Unrealized gains (losses) on equity securities	$ (46)	$ (107)	$ (61)	$ (447)

LOANS AND RELATED ALLOWANCE F_3

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Categories of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,342,786		$ 2,620,253
Allowance for credit losses	(38,863)	$ (37,814)	(25,333)	$ (25,060)	$ (24,734)	$ (23,936)
Loans, net of allowance for credit losses	3,303,923		2,594,920
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	386,933		266,757
Allowance for credit losses	(4,249)	(3,735)	(3,279)	(2,984)	(2,981)	(2,440)
Commercial and industrial | Paycheck Protection Program (PPP) Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	18		28
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	297,242		218,503
Allowance for credit losses	(2,254)	(2,362)	(1,193)	(1,160)	(1,224)	(1,840)
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	901,929		713,202
Allowance for credit losses	(7,630)	(7,538)	(6,721)	(6,882)	(6,611)	(8,145)
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	371,158		360,824
Allowance for credit losses	(6,882)	(5,834)	(4,223)	(4,376)	(4,059)	(4,914)
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	388,742		287,865
Allowance for credit losses	(2,535)	(2,603)	(1,472)	(1,323)	(1,375)	(1,263)
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	488,655		338,253
Allowance for credit losses	(4,088)	(4,077)	(1,759)	(1,660)	(1,696)	(1,311)
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	275,239		237,746
Allowance for credit losses	(2,272)	(2,607)	(796)	(841)	(924)	(845)
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	232,888		197,103
Allowance for credit losses	$ (8,953)	$ (9,058)	$ (5,890)	$ (5,834)	$ (5,864)	$ (3,178)

LOANS AND RELATED ALLOWANCE F_4

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Activity in Allowance (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 01, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 25,333	$ 37,814	$ 24,734	$ 25,333	$ 23,936
Provision for credit losses		983	386	5,004	(53)
PCD allowance established in acquisition				1,247
Charge-offs		(412)	(222)	(733)	(515)
Recoveries		478	162	1,029	1,692
Ending balance		38,863	25,060	38,863	25,060
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
PCD allowance established in acquisition	200
Ending balance	6,983	6,983		6,983
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,279	3,735	2,981	3,279	2,440
Provision for credit losses		515	14	1,693	(189)
PCD allowance established in acquisition				69
Charge-offs		(15)	(17)	(15)	(22)
Recoveries		14	6	45	755
Ending balance		4,249	2,984	4,249	2,984
Commercial and industrial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	(822)	(822)		(822)
Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,193	2,362	1,224	1,193	1,840
Provision for credit losses		(108)	(65)	336	(781)
PCD allowance established in acquisition				127
Charge-offs		(2)	0	(5)	0
Recoveries		2	1	16	101
Ending balance		2,254	1,160	2,254	1,160
Commercial real estate - owner occupied | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	587	587		587
Commercial real estate - non-owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	6,721	7,538	6,611	6,721	8,145
Provision for credit losses		248	268	87	(1,536)
PCD allowance established in acquisition				239
Charge-offs		(171)	0	(171)	0
Recoveries		15	3	253	273
Ending balance		7,630	6,882	7,630	6,882
Commercial real estate - non-owner occupied | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	501	501		501
Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,223	5,834	4,059	4,223	4,914
Provision for credit losses		1,004	316	398	(539)
PCD allowance established in acquisition				240
Charge-offs		0	0	0	0
Recoveries		44	1	52	1
Ending balance		6,882	4,376	6,882	4,376
Construction and land development | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	1,969	1,969		1,969
Multi-family
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,472	2,603	1,375	1,472	1,263
Provision for credit losses		(348)	(52)	630	60
PCD allowance established in acquisition				68
Charge-offs		0	0	0	0
Recoveries		280	0	280	0
Ending balance		2,535	1,323	2,535	1,323
Multi-family | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	85	85		85
One-to-four family residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,759	4,077	1,696	1,759	1,311
Provision for credit losses		(21)	(78)	939	93
PCD allowance established in acquisition				492
Charge-offs		(8)	(18)	(34)	(67)
Recoveries		40	60	135	323
Ending balance		4,088	1,660	4,088	1,660
One-to-four family residential | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	797	797		797
Agricultural and farmland
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	796	2,607	924	796	845
Provision for credit losses		(337)	(83)	(100)	(4)
PCD allowance established in acquisition				5
Charge-offs		0	0	0	0
Recoveries		2	0	4	0
Ending balance		2,272	841	2,272	841
Agricultural and farmland | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	1,567	1,567		1,567
Municipal, consumer, and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,890	9,058	5,864	5,890	3,178
Provision for credit losses		30	66	1,021	2,843
PCD allowance established in acquisition				7
Charge-offs		(216)	(187)	(508)	(426)
Recoveries		81	91	244	239
Ending balance		8,953	$ 5,834	8,953	$ 5,834
Municipal, consumer, and other | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	$ 2,299	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Term Loans by Origination Year
Gross write-offs, 2023	$ 141		$ 276
Gross write-offs, 2022	11		88
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		9
Gross write-offs, 2019	0		1
Gross write-offs, prior	8		33
Revolving Loans	252		326
Revolving Loans Converted to Term	0		0
Total	412	$ 222	733	$ 515
Commercial and industrial
Term Loans by Origination Year
Gross write-offs, 2023	0		0
Gross write-offs, 2022	0		0
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		0
Gross write-offs, 2019	0		0
Gross write-offs, prior	0		0
Revolving Loans	15		15
Revolving Loans Converted to Term	0		0
Total	15	17	15	22
Commercial real estate - owner occupied
Term Loans by Origination Year
Gross write-offs, 2023	0		0
Gross write-offs, 2022	2		5
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		0
Gross write-offs, 2019	0		0
Gross write-offs, prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	2	0	5	0
Commercial real estate - non-owner occupied
Term Loans by Origination Year
Gross write-offs, 2023	0		0
Gross write-offs, 2022	0		0
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		0
Gross write-offs, 2019	0		0
Gross write-offs, prior	0		0
Revolving Loans	171		171
Revolving Loans Converted to Term	0		0
Total	171	0	171	0
Construction and land development
Term Loans by Origination Year
Gross write-offs, 2023	0		0
Gross write-offs, 2022	0		0
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		0
Gross write-offs, 2019	0		0
Gross write-offs, prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0	0	0	0
Multi-family
Term Loans by Origination Year
Gross write-offs, 2023	0		0
Gross write-offs, 2022	0		0
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		0
Gross write-offs, 2019	0		0
Gross write-offs, prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0	0	0	0
One-to-four family residential
Term Loans by Origination Year
Gross write-offs, 2023	0		0
Gross write-offs, 2022	0		0
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		0
Gross write-offs, 2019	0		1
Gross write-offs, prior	8		33
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	8	18	34	67
Agricultural and farmland
Term Loans by Origination Year
Gross write-offs, 2023	0		0
Gross write-offs, 2022	0		0
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		0
Gross write-offs, 2019	0		0
Gross write-offs, prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0	0	0	0
Municipal, consumer, and other
Term Loans by Origination Year
Gross write-offs, 2023	141		276
Gross write-offs, 2022	9		83
Gross write-offs 2021	0		0
Gross write-offs, 2020	0		9
Gross write-offs, 2019	0		0
Gross write-offs, prior	0		0
Revolving Loans	66		140
Revolving Loans Converted to Term	0		0
Total	$ 216	$ 187	$ 508	$ 426

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	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Loan balances:
Collectively evaluated for impairment	$ 3,306,710		$ 2,527,562
Individually evaluated for impairment	36,076		71,715
Acquired with deteriorated credit quality	17,000
Total	3,342,786		2,620,253
Allowance for loan losses:
Collectively evaluated for impairment	34,271		18,984
Individually evaluated for impairment	4,592		6,320
Allowance for Credit Losses	38,863	$ 37,814	25,333	$ 25,060	$ 24,734	$ 23,936
Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			20,976
Allowance for loan losses:
Allowance for Credit Losses			29
Commercial and industrial
Loan balances:
Collectively evaluated for impairment	386,763		261,833
Individually evaluated for impairment	170		4,818
Total	386,933		266,757
Allowance for loan losses:
Collectively evaluated for impairment	4,244		3,121
Individually evaluated for impairment	5		158
Allowance for Credit Losses	4,249	3,735	3,279	2,984	2,981	2,440
Commercial and industrial | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			106
Allowance for loan losses:
Allowance for Credit Losses			0
Commercial real estate - owner occupied
Loan balances:
Collectively evaluated for impairment	297,068		203,558
Individually evaluated for impairment	174		11,366
Total	297,242		218,503
Allowance for loan losses:
Collectively evaluated for impairment	2,254		1,008
Individually evaluated for impairment	0		168
Allowance for Credit Losses	2,254	2,362	1,193	1,160	1,224	1,840
Commercial real estate - owner occupied | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			3,579
Allowance for loan losses:
Allowance for Credit Losses			17
Commercial real estate - non-owner occupied
Loan balances:
Collectively evaluated for impairment	888,068		671,663
Individually evaluated for impairment	13,861		30,509
Total	901,929		713,202
Allowance for loan losses:
Collectively evaluated for impairment	6,503		4,332
Individually evaluated for impairment	1,127		2,388
Allowance for Credit Losses	7,630	7,538	6,721	6,882	6,611	8,145
Commercial real estate - non-owner occupied | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			11,030
Allowance for loan losses:
Allowance for Credit Losses			1
Construction and land development
Loan balances:
Collectively evaluated for impairment	370,942		359,892
Individually evaluated for impairment	216		82
Total	371,158		360,824
Allowance for loan losses:
Collectively evaluated for impairment	6,882		4,221
Individually evaluated for impairment	0		0
Allowance for Credit Losses	6,882	5,834	4,223	4,376	4,059	4,914
Construction and land development | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			850
Allowance for loan losses:
Allowance for Credit Losses			2
Multi-family
Loan balances:
Collectively evaluated for impairment	388,282		287,298
Individually evaluated for impairment	460		0
Total	388,742		287,865
Allowance for loan losses:
Collectively evaluated for impairment	2,535		1,470
Individually evaluated for impairment	0		0
Allowance for Credit Losses	2,535	2,603	1,472	1,323	1,375	1,263
Multi-family | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			567
Allowance for loan losses:
Allowance for Credit Losses			2
One-to-four family residential
Loan balances:
Collectively evaluated for impairment	482,838		325,621
Individually evaluated for impairment	5,817		8,399
Total	488,655		338,253
Allowance for loan losses:
Collectively evaluated for impairment	3,737		1,709
Individually evaluated for impairment	351		44
Allowance for Credit Losses	4,088	4,077	1,759	1,660	1,696	1,311
One-to-four family residential | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			4,233
Allowance for loan losses:
Allowance for Credit Losses			6
Agricultural and farmland
Loan balances:
Collectively evaluated for impairment	275,111		233,118
Individually evaluated for impairment	128		4,033
Total	275,239		237,746
Allowance for loan losses:
Collectively evaluated for impairment	2,272		796
Individually evaluated for impairment	0		0
Allowance for Credit Losses	2,272	2,607	796	841	924	845
Agricultural and farmland | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			595
Allowance for loan losses:
Allowance for Credit Losses			0
Municipal, consumer, and other
Loan balances:
Collectively evaluated for impairment	217,638		184,579
Individually evaluated for impairment	15,250		12,508
Total	232,888		197,103
Allowance for loan losses:
Collectively evaluated for impairment	5,844		2,327
Individually evaluated for impairment	3,109		3,562
Allowance for Credit Losses	$ 8,953	$ 9,058	5,890	$ 5,834	$ 5,864	$ 3,178
Municipal, consumer, and other | Acquired with deteriorated credit quality
Loan balances:
Acquired with deteriorated credit quality			16
Allowance for loan losses:
Allowance for Credit Losses			$ 1

LOANS AND RELATED ALLOWANCE F_7

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Amortized cost of collateralized loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	$ 3,342,786		$ 2,620,253
Acquired with deteriorated credit quality	17,000
Allowance for Credit Losses	38,863	$ 37,814	25,333	$ 25,060	$ 24,734	$ 23,936
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	35,797
Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	31
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	248
Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	36,076
Allowance for Credit Losses	4,592
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	386,933		266,757
Allowance for Credit Losses	4,249	3,735	3,279	2,984	2,981	2,440
Commercial and industrial | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Commercial and industrial | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Commercial and industrial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	170
Commercial and industrial | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	170
Allowance for Credit Losses	5
Commercial real estate - owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	297,242		218,503
Allowance for Credit Losses	2,254	2,362	1,193	1,160	1,224	1,840
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	174
Commercial real estate - owner occupied | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Commercial real estate - owner occupied | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Commercial real estate - owner occupied | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	174
Allowance for Credit Losses	0
Commercial real estate - non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	901,929		713,202
Allowance for Credit Losses	7,630	7,538	6,721	6,882	6,611	8,145
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	13,861
Commercial real estate - non-owner occupied | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Commercial real estate - non-owner occupied | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Commercial real estate - non-owner occupied | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	13,861
Allowance for Credit Losses	1,127
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	371,158		360,824
Allowance for Credit Losses	6,882	5,834	4,223	4,376	4,059	4,914
Construction and land development | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	216
Construction and land development | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Construction and land development | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Construction and land development | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	216
Allowance for Credit Losses	0
Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	388,742		287,865
Allowance for Credit Losses	2,535	2,603	1,472	1,323	1,375	1,263
Multi-family | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	460
Multi-family | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Multi-family | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Multi-family | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	460
Allowance for Credit Losses	0
One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	488,655		338,253
Allowance for Credit Losses	4,088	4,077	1,759	1,660	1,696	1,311
One-to-four family residential | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	5,817
One-to-four family residential | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
One-to-four family residential | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
One-to-four family residential | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	5,817
Allowance for Credit Losses	351
Agricultural and farmland
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	275,239		237,746
Allowance for Credit Losses	2,272	2,607	796	841	924	845
Agricultural and farmland | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	128
Agricultural and farmland | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Agricultural and farmland | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0
Agricultural and farmland | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	128
Allowance for Credit Losses	0
Municipal, consumer, and other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	232,888		197,103
Allowance for Credit Losses	8,953	$ 9,058	$ 5,890	$ 5,834	$ 5,864	$ 3,178
Municipal, consumer, and other | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	15,141
Municipal, consumer, and other | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	31
Municipal, consumer, and other | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	78
Municipal, consumer, and other | Collateral-dependent loans
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	15,250
Allowance for Credit Losses	$ 3,109

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	9 Months Ended
	Sep. 30, 2022	Sep. 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:	$ 24,041	$ 25,081
With no related allowance:	47,776	56,362
Total loans individually evaluated for impairment:	71,817	81,443
Interest Income Recognized
With an allowance recorded:	269	786
With no related allowance:	756	2,143
Total loans individually evaluated for impairment:	1,025	2,929
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:	258	272
With no related allowance:	3,894	12,793
Total loans individually evaluated for impairment:	4,152	13,065
Interest Income Recognized
With an allowance recorded:	5	13
With no related allowance:	41	397
Total loans individually evaluated for impairment:	46	410
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:	739	1,297
With no related allowance:	11,651	11,524
Total loans individually evaluated for impairment:	12,390	12,821
Interest Income Recognized
With an allowance recorded:	11	55
With no related allowance:	141	388
Total loans individually evaluated for impairment:	152	443
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:	14,441	14,631
With no related allowance:	17,220	16,894
Total loans individually evaluated for impairment:	31,661	31,525
Interest Income Recognized
With an allowance recorded:	185	556
With no related allowance:	369	907
Total loans individually evaluated for impairment:	554	1,463
Construction and land development
Unpaid Principal Balance
With an allowance recorded:			0
With no related allowance:			92
Total loans individually evaluated for impairment:			92
Recorded Investment
With an allowance recorded:			0
With no related allowance:			82
Total loans individually evaluated for impairment:			82
Related Allowance			0
Average Recorded Investment
With an allowance recorded:	0	0
With no related allowance:	2,010	2,012
Total loans individually evaluated for impairment:	2,010	2,012
Interest Income Recognized
With an allowance recorded:	0	0
With no related allowance:	57	105
Total loans individually evaluated for impairment:	57	105
Multi-family
Unpaid Principal Balance
With an allowance recorded:			0
With no related allowance:			0
Total loans individually evaluated for impairment:			0
Recorded Investment
With an allowance recorded:			0
With no related allowance:			0
Total loans individually evaluated for impairment:			0
Related Allowance			0
Average Recorded Investment
With an allowance recorded:	0	0
With no related allowance:	0	0
Total loans individually evaluated for impairment:	0	0
Interest Income Recognized
With an allowance recorded:	0	0
With no related allowance:	0	0
Total loans individually evaluated for impairment:	0	0
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:	349	513
With no related allowance:	8,119	8,341
Total loans individually evaluated for impairment:	8,468	8,854
Interest Income Recognized
With an allowance recorded:	2	11
With no related allowance:	99	240
Total loans individually evaluated for impairment:	101	251
Agricultural and farmland
Unpaid Principal Balance
With an allowance recorded:			0
With no related allowance:			4,440
Total loans individually evaluated for impairment:			4,440
Recorded Investment
With an allowance recorded:			0
With no related allowance:			4,033
Total loans individually evaluated for impairment:			4,033
Related Allowance			0
Average Recorded Investment
With an allowance recorded:	0	0
With no related allowance:	425	305
Total loans individually evaluated for impairment:	425	305
Interest Income Recognized
With an allowance recorded:	0	0
With no related allowance:	5	8
Total loans individually evaluated for impairment:	5	8
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:	8,254	8,368
With no related allowance:	4,457	4,493
Total loans individually evaluated for impairment:	12,711	12,861
Interest Income Recognized
With an allowance recorded:	66	151
With no related allowance:	44	98
Total loans individually evaluated for impairment:	$ 110	$ 249

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	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Changes in accretable yield for loans acquired with deteriorated credit quality
Beginning balance	$ 537	$ 413
Reclassification from non-accretable difference	283	500
Accretion income	(58)	(151)
Ending balance	$ 762	$ 762

LOANS AND RELATED ALLOWANCE _10

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Past Due Status (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,342,786,000	$ 2,620,253,000
Nonaccrual	6,678,000	2,155,000
Internal review threshold	750,000
Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,331,658,000	2,616,606,000
Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	4,450,000	1,346,000
Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	146,000
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	386,933,000	266,757,000
Nonaccrual	170,000	219,000
Commercial and industrial | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	386,383,000	266,521,000
Commercial and industrial | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	380,000	17,000
Commercial and industrial | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	297,242,000	218,503,000
Nonaccrual	173,000	74,000
Commercial real estate - owner occupied | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	297,069,000	218,242,000
Commercial real estate - owner occupied | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	187,000
Commercial real estate - owner occupied | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	901,929,000	713,202,000
Nonaccrual	266,000	171,000
Commercial real estate - non-owner occupied | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	900,058,000	713,031,000
Commercial real estate - non-owner occupied | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,605,000	0
Commercial real estate - non-owner occupied | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	371,158,000	360,824,000
Nonaccrual	216,000	0
Construction and land development | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	370,922,000	360,763,000
Construction and land development | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	20,000	61,000
Construction and land development | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	388,742,000	287,865,000
Nonaccrual	460,000	0
Multi-family | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	387,966,000	287,854,000
Multi-family | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	316,000	11,000
Multi-family | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	488,655,000	338,253,000
Nonaccrual	5,155,000	1,638,000
One-to-four family residential | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	481,603,000	335,576,000
One-to-four family residential | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,897,000	894,000
One-to-four family residential | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	145,000
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	275,239,000	237,746,000
Nonaccrual	128,000	0
Agricultural and farmland | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	275,096,000	237,727,000
Agricultural and farmland | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	15,000	19,000
Agricultural and farmland | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	232,888,000	197,103,000
Nonaccrual	110,000	53,000
Municipal, consumer, and other | Accruing Interest | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	232,561,000	196,892,000
Municipal, consumer, and other | Accruing Interest | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	217,000	157,000
Municipal, consumer, and other | Accruing Interest | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 0	$ 1,000

LOANS AND RELATED ALLOWANCE _11

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Non-accrual loans (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	$ 478,000
Nonaccrual With No Allowance for Credit Losses	6,200,000
Total Nonaccrual	6,678,000	$ 2,155,000
Commercial and industrial
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	127,000
Nonaccrual With No Allowance for Credit Losses	43,000
Total Nonaccrual	170,000	219,000
Commercial real estate - owner occupied
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0
Nonaccrual With No Allowance for Credit Losses	173,000
Total Nonaccrual	173,000	74,000
Commercial real estate - non-owner occupied
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	220,000
Nonaccrual With No Allowance for Credit Losses	46,000
Total Nonaccrual	266,000	171,000
Construction and land development
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0
Nonaccrual With No Allowance for Credit Losses	216,000
Total Nonaccrual	216,000	0
Multi-family
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0
Nonaccrual With No Allowance for Credit Losses	460,000
Total Nonaccrual	460,000	0
One-to-four family residential
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	100,000
Nonaccrual With No Allowance for Credit Losses	5,055,000
Total Nonaccrual	5,155,000	1,638,000
Agricultural and farmland
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0
Nonaccrual With No Allowance for Credit Losses	128,000
Total Nonaccrual	128,000	0
Municipal, consumer, and other
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	31,000
Nonaccrual With No Allowance for Credit Losses	79,000
Total Nonaccrual	$ 110,000	$ 53,000

LOANS AND RELATED ALLOWANCE _12

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Assigned Risk Ratings (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,342,786	$ 2,620,253
Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,184,165	2,479,488
Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	90,359	66,934
Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	68,262	73,831
Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	386,933	266,757
Commercial and industrial | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	382,041	255,309
Commercial and industrial | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	4,114	6,630
Commercial and industrial | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	778	4,818
Commercial and industrial | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	297,242	218,503
Commercial real estate - owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	279,081	198,546
Commercial real estate - owner occupied | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	8,249	10,105
Commercial real estate - owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	9,912	9,852
Commercial real estate - owner occupied | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	901,929	713,202
Commercial real estate - non-owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	842,816	652,691
Commercial real estate - non-owner occupied | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	33,767	27,282
Commercial real estate - non-owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	25,346	33,229
Commercial real estate - non-owner occupied | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	371,158	360,824
Construction and land development | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	366,198	358,215
Construction and land development | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	4,667	2,527
Construction and land development | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	293	82
Construction and land development | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	388,742	287,865
Multi-family | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	363,214	283,682
Multi-family | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	24,753	4,183
Multi-family | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	775	0
Multi-family | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	488,655	338,253
One-to-four family residential | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	468,736	323,632
One-to-four family residential | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	7,572	5,907
One-to-four family residential | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	12,347	8,714
One-to-four family residential | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	275,239	237,746
Agricultural and farmland | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	266,353	223,114
Agricultural and farmland | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	5,466	10,004
Agricultural and farmland | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,420	4,628
Agricultural and farmland | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	0
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	232,888	197,103
Municipal, consumer, and other | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	215,726	184,299
Municipal, consumer, and other | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,771	296
Municipal, consumer, and other | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	15,391	12,508
Municipal, consumer, and other | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 0	$ 0

LOANS AND RELATED ALLOWANCE _13

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Loans risk-rated by origination year (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	$ 584,946
2022	801,577
2021	662,240
2020	369,941
2019	221,098
Prior	290,685
Revolving Loans	382,694
Revolving Loans Converted to Term	29,605
Total	3,342,786	$ 2,620,253
Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	562,691
2022	783,615
2021	645,616
2020	354,629
2019	206,642
Prior	241,263
Revolving Loans	365,176
Revolving Loans Converted to Term	24,533
Total	3,184,165	2,479,488
Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	7,812
2022	14,017
2021	12,096
2020	11,089
2019	10,489
Prior	16,733
Revolving Loans	16,200
Revolving Loans Converted to Term	1,923
Total	90,359	66,934
Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	14,443
2022	3,945
2021	4,528
2020	4,223
2019	3,967
Prior	32,689
Revolving Loans	1,318
Revolving Loans Converted to Term	3,149
Total	68,262	73,831
Commercial and industrial
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	94,543
2022	61,301
2021	26,526
2020	29,538
2019	6,715
Prior	8,990
Revolving Loans	150,997
Revolving Loans Converted to Term	8,323
Total	386,933	266,757
Commercial and industrial | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	94,311
2022	59,814
2021	26,229
2020	29,297
2019	5,927
Prior	8,496
Revolving Loans	150,403
Revolving Loans Converted to Term	7,564
Total	382,041	255,309
Commercial and industrial | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	229
2022	1,400
2021	257
2020	198
2019	788
Prior	450
Revolving Loans	284
Revolving Loans Converted to Term	508
Total	4,114	6,630
Commercial and industrial | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	3
2022	87
2021	40
2020	43
2019	0
Prior	44
Revolving Loans	310
Revolving Loans Converted to Term	251
Total	778	4,818
Commercial real estate - owner occupied
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	26,397
2022	66,353
2021	64,866
2020	55,690
2019	35,974
Prior	39,831
Revolving Loans	7,478
Revolving Loans Converted to Term	653
Total	297,242	218,503
Commercial real estate - owner occupied | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	25,378
2022	64,227
2021	58,426
2020	55,269
2019	33,692
Prior	34,949
Revolving Loans	6,487
Revolving Loans Converted to Term	653
Total	279,081	198,546
Commercial real estate - owner occupied | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	556
2022	963
2021	3,102
2020	351
2019	1,624
Prior	1,653
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	8,249	10,105
Commercial real estate - owner occupied | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	463
2022	1,163
2021	3,338
2020	70
2019	658
Prior	3,229
Revolving Loans	991
Revolving Loans Converted to Term	0
Total	9,912	9,852
Commercial real estate - non-owner occupied
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	110,830
2022	254,425
2021	255,552
2020	90,590
2019	105,776
Prior	57,012
Revolving Loans	23,722
Revolving Loans Converted to Term	4,022
Total	901,929	713,202
Commercial real estate - non-owner occupied | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	96,710
2022	254,299
2021	247,868
2020	90,232
2019	96,034
Prior	43,858
Revolving Loans	10,042
Revolving Loans Converted to Term	3,773
Total	842,816	652,691
Commercial real estate - non-owner occupied | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	696
2022	0
2021	7,684
2020	358
2019	7,277
Prior	3,823
Revolving Loans	13,680
Revolving Loans Converted to Term	249
Total	33,767	27,282
Commercial real estate - non-owner occupied | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	13,424
2022	126
2021	0
2020	0
2019	2,465
Prior	9,331
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	25,346	33,229
Construction and land development
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	140,038
2022	146,369
2021	58,998
2020	7,459
2019	2,753
Prior	1,093
Revolving Loans	8,359
Revolving Loans Converted to Term	6,089
Total	371,158	360,824
Construction and land development | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	139,883
2022	143,616
2021	58,998
2020	7,459
2019	2,753
Prior	1,005
Revolving Loans	7,232
Revolving Loans Converted to Term	5,252
Total	366,198	358,215
Construction and land development | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	155
2022	2,537
2021	0
2020	0
2019	0
Prior	11
Revolving Loans	1,127
Revolving Loans Converted to Term	837
Total	4,667	2,527
Construction and land development | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	216
2021	0
2020	0
2019	0
Prior	77
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	293	82
Multi-family
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	46,781
2022	85,317
2021	99,348
2020	62,772
2019	32,530
Prior	53,732
Revolving Loans	7,752
Revolving Loans Converted to Term	510
Total	388,742	287,865
Multi-family | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	44,034
2022	78,646
2021	99,032
2020	53,945
2019	32,475
Prior	47,177
Revolving Loans	7,403
Revolving Loans Converted to Term	502
Total	363,214	283,682
Multi-family | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,747
2022	6,671
2021	0
2020	8,827
2019	55
Prior	6,096
Revolving Loans	349
Revolving Loans Converted to Term	8
Total	24,753	4,183
Multi-family | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	316
2020	0
2019	0
Prior	459
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	775	0
One-to-four family residential
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	94,676
2022	90,396
2021	89,156
2020	66,884
2019	24,734
Prior	56,858
Revolving Loans	57,441
Revolving Loans Converted to Term	8,510
Total	488,655	338,253
One-to-four family residential | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	91,683
2022	87,716
2021	87,384
2020	65,721
2019	23,325
Prior	50,394
Revolving Loans	57,222
Revolving Loans Converted to Term	5,291
Total	468,736	323,632
One-to-four family residential | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	2,503
2022	412
2021	958
2020	332
2019	608
Prior	2,219
Revolving Loans	219
Revolving Loans Converted to Term	321
Total	7,572	5,907
One-to-four family residential | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	490
2022	2,268
2021	814
2020	831
2019	801
Prior	4,245
Revolving Loans	0
Revolving Loans Converted to Term	2,898
Total	12,347	8,714
Agricultural and farmland
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	32,665
2022	38,458
2021	39,118
2020	41,966
2019	10,934
Prior	12,106
Revolving Loans	98,495
Revolving Loans Converted to Term	1,497
Total	275,239	237,746
Agricultural and farmland | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	31,739
2022	36,428
2021	39,008
2020	37,683
2019	10,797
Prior	11,247
Revolving Loans	97,954
Revolving Loans Converted to Term	1,497
Total	266,353	223,114
Agricultural and farmland | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	926
2022	2,030
2021	95
2020	1,006
2019	137
Prior	731
Revolving Loans	541
Revolving Loans Converted to Term	0
Total	5,466	10,004
Agricultural and farmland | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	15
2020	3,277
2019	0
Prior	128
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	3,420	4,628
Municipal, consumer, and other
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	39,016
2022	58,958
2021	28,676
2020	15,042
2019	1,682
Prior	61,063
Revolving Loans	28,450
Revolving Loans Converted to Term	1
Total	232,888	197,103
Municipal, consumer, and other | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	38,953
2022	58,869
2021	28,671
2020	15,023
2019	1,639
Prior	44,137
Revolving Loans	28,433
Revolving Loans Converted to Term	1
Total	215,726	184,299
Municipal, consumer, and other | Pass-Watch
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	4
2021	0
2020	17
2019	0
Prior	1,750
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	1,771	296
Municipal, consumer, and other | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	63
2022	85
2021	5
2020	2
2019	43
Prior	15,176
Revolving Loans	17
Revolving Loans Converted to Term	0
Total	$ 15,391	$ 12,508

LOANS AND RELATED ALLOWANCE _14

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Troubled Debt Restructurings, Pledged loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Troubled debt restructurings		$ 3,000
Loans	$ 3,303,923	2,594,920
Pledged assets
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans	$ 1,070,000	$ 892,100

LOAN SERVICING - Mortgage Servi

LOAN SERVICING - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance			$ 10,147
Ending balance	$ 20,156		20,156
Mortgage Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Mortgage loans serviced for others	1,690,000		1,690,000		$ 955,800
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	20,133	$ 10,089	10,147	$ 7,994
Acquired	0	0	10,469	0
Capitalized servicing rights	227	144	526	451
Attributable to payments and principal reductions	(631)	(362)	(1,621)	(1,048)
Attributable to changes in valuation inputs and assumptions	427	569	635	3,043
Total fair value adjustment	(204)	207	(986)	1,995
Ending balance	$ 20,156	$ 10,440	$ 20,156	$ 10,440

FORECLOSED ASSETS - Activity (D

FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Real Estate Acquired Through Foreclosure [Roll Forward]
Beginning balance	$ 3,080	$ 2,891	$ 3,030	$ 3,278
Acquired	0	0	271	0
Transfers from loans	879	0	1,049	27
Proceeds from sales	(2,990)	(29)	(3,274)	(476)
Net gain (loss) on sales	564	20	632	118
Direct write-downs	(14)	(245)	(189)	(310)
Ending balance	$ 1,519	$ 2,637	$ 1,519	$ 2,637

FORECLOSED ASSETS - Gains (loss

FORECLOSED ASSETS - Gains (losses) on Foreclosed Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Direct write-downs	$ (14)	$ (245)	$ (189)	$ (310)
Net gain (loss) on sales	564	20	632	118
Gains (losses) on foreclosed assets	$ 550	$ (225)	$ 443	$ (192)

FORECLOSED ASSETS - Additional

FORECLOSED ASSETS - Additional Information (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Jun. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 1,519	$ 3,030	$ 3,080	$ 2,637	$ 2,891	$ 3,278
One-to-four family residential real estate property
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 600	$ 20
Number of loans in the process of foreclosure | loan	14	4
Loan amount in the process of foreclosure	$ 1,200	$ 200

DEPOSITS - Interest bearing Dep

DEPOSITS - Interest bearing Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
DEPOSITS
Noninterest-bearing	$ 1,086,877	$ 994,954
Interest-bearing demand	1,134,721	1,139,150
Money market	673,780	555,425
Savings	623,083	634,527
Time	679,607	262,968
Total interest-bearing deposits	3,111,191	2,592,070
Total deposits	$ 4,198,068	$ 3,587,024

DEPOSITS - Interest bearing D_2

DEPOSITS - Interest bearing Deposits - Narrative (Detail) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
DEPOSITS
Brokered deposits		$ 0
Reciprocal transaction deposits, Interest bearing demand deposits	$ 38,700,000
Reciprocal transaction deposits, Money market deposits	12,800,000	1,700,000
Reciprocal transaction deposits, Time deposits	35,500,000	1,600,000
Time deposits, at or above FDIC insurance limit	115,900,000	27,200,000
Time deposits in denominations of $100,000 or more	302,300,000	$ 92,600,000
Bank Time Deposits
DEPOSITS
Brokered deposits	$ 115,000,000

DEPOSITS - Interest expense on

DEPOSITS - Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Deposits [Abstract]
Interest-bearing demand	$ 761	$ 144	$ 1,902	$ 430
Money market	2,041	203	4,492	434
Savings	249	53	616	155
Time	4,160	187	6,898	643
Total interest expense on deposits	$ 7,211	$ 587	$ 13,908	$ 1,662

JUNIOR SUBORDINATED DEBENTURE_3

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Narrative (Details)	9 Months Ended
	Sep. 30, 2023 trust period	Sep. 30, 2022
Debt Instrument [Line Items]
Number of subsidiary business trusts	8
Maximum deferred interest period quarters | period	20
Period shorten the maturity date from the event	90 days
Trust preferred securities qualified as Tier 1 capital	100%	100%
Town and Country
Debt Instrument [Line Items]
Number of subsidiary business trusts acquired	3

JUNIOR SUBORDINATED DEBENTURE_4

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Carrying Values (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
SUBORDINATED NOTES
Junior subordinated debentures	$ 52,774	$ 37,780
Junior subordinated debentures
SUBORDINATED NOTES
Subordinated notes, at face value	53,714
Junior subordinated debentures	52,774	37,780
Junior subordinated debentures | 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 | 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 | 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 | FFBI Capital Trust I
SUBORDINATED NOTES
Subordinated notes, at face value	7,217
Junior subordinated debentures	7,217	7,217
Junior subordinated debentures | National Bancorp Statutory Trust I
SUBORDINATED NOTES
Subordinated notes, at face value	5,773
Junior subordinated debentures	4,837	4,788
Junior subordinated debentures | Town and Country Statutory Trust II
SUBORDINATED NOTES
Subordinated notes, at face value	4,124
Junior subordinated debentures	4,407	0
Junior subordinated debentures | Town and Country Statutory Trust III
SUBORDINATED NOTES
Subordinated notes, at face value	7,732
Junior subordinated debentures	7,575	0
Junior subordinated debentures | West Plains Investors Statutory Trust I
SUBORDINATED NOTES
Subordinated notes, at face value	3,093
Junior subordinated debentures	$ 2,963	$ 0

JUNIOR SUBORDINATED DEBENTURE_5

JUNIOR SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUSTS - Interest rate and maturities (Details)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Heartland Bancorp, Inc. Capital Trust B
SUBORDINATED NOTES
Spread on interest rate basis	3.01%
Interest Rate	8.32%	6.83%
Heartland Bancorp, Inc. Capital Trust C
SUBORDINATED NOTES
Spread on interest rate basis	1.79%
Interest Rate	7.20%	6.30%
Heartland Bancorp, Inc. Capital Trust D
SUBORDINATED NOTES
Spread on interest rate basis	1.61%
Interest Rate	7.02%	6.12%
FFBI Capital Trust I
SUBORDINATED NOTES
Spread on interest rate basis	3.06%
Interest Rate	8.37%	6.88%
National Bancorp Statutory Trust I
SUBORDINATED NOTES
Spread on interest rate basis	3.16%
Interest Rate	8.57%	7.67%
Town and Country Statutory Trust II
SUBORDINATED NOTES
Spread on interest rate basis	3.05%
Interest Rate	8.46%
Town and Country Statutory Trust III
SUBORDINATED NOTES
Spread on interest rate basis	1.94%
Interest Rate	7.35%
West Plains Investors Statutory Trust I
SUBORDINATED NOTES
Spread on interest rate basis	1.71%
Interest Rate	7.12%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash pledged	$ 0.6	$ 0.6

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Derivative instrument assets and liabilities (Details) - Designated as Hedging Instrument - Interest Rate Swap - Cash Flow Hedging - Other Assets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	$ 17,000	$ 17,000
Fair value recorded in other assets	$ 514	$ 629

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts designated as cash flow hedges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Cash Flow Hedging | Interest Expense
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income (loss)	$ 131	$ (14)	$ 334	$ (177)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts not designated as hedging instruments (Details) - Not Designated as Hedging Instrument - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other Assets
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	$ 101,612	$ 106,995
Derivative financial assets	9,674	6,981
Other Assets | Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	0	0
Derivative financial assets	0	0
Other Assets | Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	101,612	106,995
Derivative financial assets	9,674	6,981
Other Liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	101,612	106,995
Derivative financial liabilities fair value	(9,674)	(6,981)
Other Liabilities | Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	101,612	106,995
Derivative financial liabilities fair value	(9,674)	(6,981)
Other Liabilities | Financial Institutions Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	0	0
Derivative financial liabilities fair value	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS- Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
DERIVATIVE FINANCIAL INSTRUMENTS
Net gains (losses)	$ 0	$ 0	$ 0	$ 0
Interest Rate Swap | Not Designated as Hedging Instrument
DERIVATIVE FINANCIAL INSTRUMENTS
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
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
Gross gains	$ 2,510	$ 5,209	$ 6,950	$ 15,303
Gross losses	$ (2,510)	$ (5,209)	$ (6,950)	$ (15,303)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 450,852	$ 373,809	$ 373,632	$ 411,881
Transfer from available-for-sale to held-to-maturity				0
Other comprehensive income (loss) before reclassifications	(11,268)	(34,984)
Reclassifications	400	518
Other comprehensive income (loss), before tax	(10,868)	(34,466)	(9,333)	(110,403)
Income tax benefit	(3,098)	(9,824)	(2,660)	(31,470)
Other comprehensive income (loss), after tax	(7,770)	(24,642)	(6,673)	(78,933)
Ending balance	456,251	359,073	456,251	359,073
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(70,662)	(52,820)	(71,759)	1,471
Other comprehensive income (loss) before reclassifications			(12,302)	(111,814)
Reclassifications			2,969	1,411
Other comprehensive income (loss), before tax			(9,333)	(110,403)
Income tax benefit			(2,660)	(31,470)
Other comprehensive income (loss), after tax	(7,770)	(24,642)	(6,673)	(78,933)
Ending balance	(78,432)	(77,462)	(78,432)	(77,462)
Available-for-Sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(61,560)	(42,061)	(61,998)	5,736
Transfer from available-for-sale to held-to-maturity				7,664
Other comprehensive income (loss) before reclassifications	(11,326)	(35,358)	(12,521)	(112,931)
Reclassifications	13	0	1,820	0
Other comprehensive income (loss), before tax	(11,313)	(35,358)	(10,701)	(112,931)
Income tax benefit	(3,224)	(10,079)	(3,050)	(32,191)
Other comprehensive income (loss), after tax	(8,089)	(25,279)	(7,651)	(80,740)
Ending balance	(69,649)	(67,340)	(69,649)	(67,340)
Held-to-Maturity
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(9,256)	(10,656)	(9,946)	(3,514)
Transfer from available-for-sale to held-to-maturity				(7,664)
Other comprehensive income (loss) before reclassifications		0	0	0
Reclassifications	518	504	1,483	1,234
Other comprehensive income (loss), before tax	518	504	1,483	1,234
Income tax benefit	147	144	422	352
Other comprehensive income (loss), after tax	371	360	1,061	882
Ending balance	(8,885)	(10,296)	(8,885)	(10,296)
Derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	154	(103)	185	(751)
Transfer from available-for-sale to held-to-maturity				0
Other comprehensive income (loss) before reclassifications	58	374	219	1,117
Reclassifications	(131)	14	(334)	177
Other comprehensive income (loss), before tax	(73)	388	(115)	1,294
Income tax benefit	(21)	111	(32)	369
Other comprehensive income (loss), after tax	(52)	277	(83)	925
Ending balance	$ 102	$ 174	$ 102	$ 174

EARNINGS PER SHARE - computatio

EARNINGS PER SHARE - computation of basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net income	$ 19,715	$ 15,627	$ 47,396	$ 43,316
Earnings allocated to participating securities	(10)	(17)	(26)	(51)
Numerator for earnings per share - basic	19,705	15,610	47,370	43,265
Numerator for earnings per share - diluted	$ 19,705	$ 15,610	$ 47,370	$ 43,265
Denominator:
Weighted average shares of common stock outstanding (in shares)	31,829,250	28,787,662	31,598,650	28,887,757
Dilutive effect of outstanding restricted stock units (in shares)	137,187	72,643	102,574	56,761
Weighted average common shares outstanding, including all dilutive potential shares (in shares)	31,966,437	28,860,305	31,701,224	28,944,518
Earnings per share, basic (in dollars per share)	$ 0.62	$ 0.54	$ 1.50	$ 1.50
Earnings per share, diluted (in dollars per share)	$ 0.62	$ 0.54	$ 1.49	$ 1.49

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS - Narrative (Details) $ in Thousands	1 Months Ended	9 Months Ended
	Feb. 28, 2022	Sep. 30, 2023 USD ($) installment shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
STOCK-BASED COMPENSATION PLANS
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
Number of shares participant is entitled to receive (in shares) | shares		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		$ 1,300
Weighted average remaining service period		1 year 8 months 12 days
Performance restricted stock units
STOCK-BASED COMPENSATION PLANS
Unrecognized compensation cost related to non-vested stock-based compensation agreements		$ 400
Weighted average remaining service period		1 year 6 months
Performance restricted stock units | Share-Based Payment Arrangement, Employee
STOCK-BASED COMPENSATION PLANS
Fair value of units granted		$ 400	$ 500
Performance restricted stock units | Minimum
STOCK-BASED COMPENSATION PLANS
Percentage of the number of units granted that may be earned		0%
Performance restricted stock units | Maximum
STOCK-BASED COMPENSATION PLANS
Percentage of the number of units granted that may be earned		150%
Stock appreciation rights
STOCK-BASED COMPENSATION PLANS
Unrecognized compensation cost related to non-vested stock-based compensation agreements		$ 0
Vesting period		4 years
Stock appreciation rights plan liability recorded for the outstanding units		$ 400		$ 500
Stock appreciation rights plan liability recorded for the previously exercised units		$ 200		$ 500
Number of installments in which the liability recorded for previously exercised units will be paid | installment		1
Omnibus Incentive Plan
STOCK-BASED COMPENSATION PLANS
Authorized number of shares (in shares) | shares		1,820,000

STOCK-BASED COMPENSATION PLAN_3

STOCK-BASED COMPENSATION PLANS - Summary of stock-based compensation expense (benefit) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	$ 611	$ 400	$ 1,516	$ 1,637
Restricted stock units
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	313	230	907	1,072
Performance restricted stock units
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	295	119	652	530
Total awards classified as equity
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	608	349	1,559	1,602
Stock appreciation rights
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	$ 3	$ 51	$ (43)	$ 35

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS - Summary of equity award activity (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stock-based compensation plans
Expirations (in shares)	0	0	0	0
Weighted Average Grant Date Assigned Value
Expired (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Restricted stock units
Stock-based compensation plans
Outstanding (in shares)	129,422	120,631	139,986	109,244
Granted (in shares)	0	0	41,847	46,312
Exercised (in shares)	0	0	(51,693)	(34,925)
Forfeited (in shares)	(520)	(1,328)	(1,238)	(1,328)
Outstanding (in shares)	128,902	119,303	128,902	119,303
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per share)	$ 19.58	$ 17.98	$ 18.01	$ 17.27
Granted (in dollars per share)	0	0	22.72	19.11
Exercised (in dollars per share)	0	0	17.91	17.26
Forfeited (in dollars per share)	21.23	18.35	18.53	18.35
Outstanding (in dollars per share)	$ 19.57	$ 17.98	$ 19.57	$ 17.98
Performance restricted stock units
Stock-based compensation plans
Outstanding (in shares)	79,097	62,067	62,067	38,344
Granted (in shares)	0	0	17,030	23,723
Vested (in shares)	0	0	0	0
Forfeited (in shares)	0	0	0	0
Outstanding (in shares)	79,097	62,067	79,097	62,067
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per share)	$ 18.25	$ 17.02	$ 17.02	$ 15.72
Granted (in dollars per share)	0	0	22.72	19.14
Vested (in dollars per share)	0	0	0	0
Forfeited (in dollars per share)	0	0	0	0
Outstanding (in dollars per share)	$ 18.25	$ 17.02	$ 18.25	$ 17.02
Stock appreciation rights
Stock-based compensation plans
Outstanding (in shares)	73,440	91,800	73,440	97,920
Granted (in shares)	0	0	0	0
Exercised (in shares)	0	0	0	(6,120)
Forfeited (in shares)	0	0	0	0
Outstanding (in shares)	73,440	91,800	73,440	91,800
Exercisable (in shares)	73,440		73,440
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per share)	$ 16.32	$ 16.32	$ 16.32	$ 16.32
Granted (in dollars per share)	0	0	0	0
Exercised (in dollars per share)	0	0	0	16.32
Forfeited (in dollars per share)	0	0	0	0
Outstanding (in dollars per share)	$ 16.32	$ 16.32	$ 16.32	$ 16.32
Weighted average remaining contractual term			5 years 10 months 24 days

STOCK-BASED COMPENSATION PLAN_5

STOCK-BASED COMPENSATION PLANS - Summary of assumptions used (Details) - Stock appreciation rights	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
STOCK-BASED COMPENSATION PLANS
Risk-free interest rate	4.60%	3.95%
Expected volatility	37.29%	36.54%
Expected life (in years)	5 years 10 months 24 days	6 years 8 months 12 days
Expected dividend yield	3.73%	3.27%

REGULATORY MATTERS - (Details)

REGULATORY MATTERS - (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Total Capital (to Risk Weighted Assets)
For capital adequacy purposes, ratio (as a percent).	0.025	0.025
Heartland Bank and Trust Company
Total Capital (to Risk Weighted Assets)
Actual, amount	$ 577,525	$ 489,316
Actual, ratio (as a percent)	0.1478	0.1543
For capital adequacy purposes, amount	$ 312,537	$ 253,643
For capital adequacy purposes, ratio (as a percent).	0.0800	0.0800
To be well capitalized under prompt corrective action provisions, amount	$ 390,671	$ 317,054
To be well capitalized under prompt corrective action provisions, ratio (as a percent)	0.1000	0.1000
Total Capital (to Risk Weighted Assets)
Actual, amount	$ 542,448	$ 463,983
Actual, ratio (as a percent)	0.1389	0.1463
For capital adequacy purposes, amount	$ 234,403	$ 190,233
To be well capitalized under prompt corrective action provisions, amount	$ 312,537	$ 253,643
For capital adequacy purposes, ratio (as a percent)	0.0600	0.0600
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, amount	$ 542,448	$ 463,983
Actual, ratio (as a percent)	13.89%	14.63%
For capital adequacy purposes, amount	$ 175,802	$ 142,674
For capital adequacy purposes, ratio (as a percent)	4.50%	4.50%
To be well capitalized under prompt corrective action provisions, amount	$ 253,936	$ 206,085
To be well capitalized under prompt corrective action provisions, ratio (as a percent)	6.50%	6.50%
Tier 1 Capital (to Average Assets)
Actual, amount	$ 542,448	$ 463,983
Actual, ratio (as a percent)	0.1089	0.1078
For capital adequacy purposes, amount	$ 199,216	$ 172,240
For capital adequacy purposes, ratio (as a percent)	0.0400	0.0400
To be well capitalized under prompt corrective action provisions, amount	$ 249,020	$ 215,300
To be well capitalized under prompt corrective action provisions, ratio (as a percent)	0.0500	0.0500
Consolidated HBT Financial, Inc.
Total Capital (to Risk Weighted Assets)
Actual, amount	$ 590,174	$ 516,556
Actual, ratio (as a percent)	0.1509	0.1627
For capital adequacy purposes, amount	$ 312,868	$ 254,052
For capital adequacy purposes, ratio (as a percent).	0.0800	0.0800
Total Capital (to Risk Weighted Assets)
Actual, amount	$ 515,643	$ 451,828
Actual, ratio (as a percent)	0.1318	0.1423
For capital adequacy purposes, amount	$ 234,651	$ 190,539
For capital adequacy purposes, ratio (as a percent)	0.0600	0.0600
Common Equity Tier 1 Capital (to Risk Weighted Assets)
Actual, amount	$ 464,483	$ 415,213
Actual, ratio (as a percent)	11.88%	13.07%
For capital adequacy purposes, amount	$ 175,988	$ 142,904
For capital adequacy purposes, ratio (as a percent)	4.50%	4.50%
Tier 1 Capital (to Average Assets)
Actual, amount	$ 515,643	$ 451,828
Actual, ratio (as a percent)	0.1034	0.1048
For capital adequacy purposes, amount	$ 199,420	$ 172,427
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 ($)	Sep. 30, 2023	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	$ 753,163,000	$ 843,524,000
Equity securities with readily determinable fair values	3,106,000	3,029,000
Mortgage servicing rights, at fair value	20,156,000	10,147,000
U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	154,394,000	154,515,000
U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	50,715,000	55,157,000
Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	195,201,000	243,829,000
Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	177,050,000	195,441,000
Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	124,329,000	132,888,000
Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	51,474,000	61,694,000
Fair Value, Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities with readily determinable fair values	3,106,000	3,029,000
Mortgage servicing rights, at fair value	20,156,000	10,147,000
Derivative financial assets	10,188,000	7,610,000
Derivative financial liabilities	9,674,000	6,981,000
Fair Value, Recurring | U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	154,394,000	154,515,000
Fair Value, Recurring | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	50,715,000	55,157,000
Fair Value, Recurring | Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	195,201,000	243,829,000
Fair Value, Recurring | Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	177,050,000	195,441,000
Fair Value, Recurring | Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	124,329,000	132,888,000
Fair Value, Recurring | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	51,474,000	61,694,000
Fair Value, Recurring | Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities with readily determinable fair values	3,106,000	3,029,000
Mortgage servicing rights, at fair value	0	0
Derivative financial assets	0	0
Derivative financial liabilities	0	0
Fair Value, Recurring | Level 1 | U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	154,394,000	154,515,000
Fair Value, Recurring | Level 1 | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 1 | Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 1 | Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 1 | Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 1 | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities with readily determinable fair values	0	0
Mortgage servicing rights, at fair value	0	0
Derivative financial assets	10,188,000	7,610,000
Derivative financial liabilities	9,674,000	6,981,000
Fair Value, Recurring | Level 2 | U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 2 | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	50,715,000	55,157,000
Fair Value, Recurring | Level 2 | Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	195,201,000	243,829,000
Fair Value, Recurring | Level 2 | Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	177,050,000	195,441,000
Fair Value, Recurring | Level 2 | Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	124,329,000	132,888,000
Fair Value, Recurring | Level 2 | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	51,474,000	61,694,000
Fair Value, Recurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities with readily determinable fair values	0	0
Mortgage servicing rights, at fair value	20,156,000	10,147,000
Derivative financial assets	0	0
Derivative financial liabilities	0	0
Fair Value, Recurring | Level 3 | U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 3 | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 3 | Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 3 | Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 3 | Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	0	0
Fair Value, Recurring | Level 3 | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Mortgage Servicing Rights (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 20,156	$ 10,147
Fair Value, Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	20,156	10,147
Fair Value, Recurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 20,156	$ 10,147
Valuation Technique	Valuation Technique, Discounted Cash Flow [Member]	Valuation Technique, Discounted Cash Flow [Member]
Fair Value, Recurring | Level 3 | Measurement Input, Constant Prepayment Rate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 20,156	$ 10,147
Fair Value, Recurring | Level 3 | Measurement Input, Constant Prepayment Rate | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.065	0.053
Fair Value, Recurring | Level 3 | Measurement Input, Constant Prepayment Rate | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.415	0.597
Fair Value, Recurring | Level 3 | Measurement Input, Constant Prepayment Rate | Weighted Average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.082	0.082
Fair Value, Recurring | Level 3 | Measurement Input, Discount Rate | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.090	0.090
Fair Value, Recurring | Level 3 | Measurement Input, Discount Rate | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.459	0.117
Fair Value, Recurring | Level 3 | Measurement Input, Discount Rate | Weighted Average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.098	0.093

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Nonrecurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	$ 3,563	$ 615
Collateral-dependent loans	31,484	17,460
Bank premises held for sale	35	235
Foreclosed assets	1,519	3,030
Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	0	0
Collateral-dependent loans	0	0
Bank premises held for sale	0	0
Foreclosed assets	0	0
Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	3,563	615
Collateral-dependent loans	0	0
Bank premises held for sale	0	0
Foreclosed assets	0	0
Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	0	0
Collateral-dependent loans	31,484	17,460
Bank premises held for sale	35	235
Foreclosed assets	$ 1,519	$ 3,030

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable inputs used in nonrecurring measurements (Details) - Fair Value, Nonrecurring - Level 3 - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Collateral-dependent loans | Appraisal of collateral
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 31,484	$ 17,460
Alternative Investment, Measurement Input [Extensible Enumeration]	AppraisalAdjustmentsMember	AppraisalAdjustmentsMember
Bank premises held for sale | Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 35	$ 235
Measurement input	7%	7%
Alternative Investment, Measurement Input [Extensible Enumeration]	AppraisalAdjustmentsMember	AppraisalAdjustmentsMember
Bank premises held for sale | Appraisal | Weighted Average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	(7.00%)	(7.00%)
Foreclosed assets | Appraisal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 1,519	$ 3,030
Measurement input	7%	7%
Alternative Investment, Measurement Input [Extensible Enumeration]	AppraisalAdjustmentsMember	AppraisalAdjustmentsMember
Foreclosed assets | Appraisal | Weighted Average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	(7.00%)	(7.00%)

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financial assets:
Debt securities held-to-maturity	$ 450,313	$ 478,801
Level 1 | Carrying Amount
Financial assets:
Cash and cash equivalents	111,913	114,159
Level 1 | Estimated Fair Value
Financial assets:
Cash and cash equivalents	111,913	114,159
Level 2 | Carrying Amount
Financial assets:
Debt securities held-to-maturity	527,144	541,600
Accrued interest receivable	23,447	19,506
Financial liabilities:
Securities sold under agreements to repurchase	28,900	43,081
Accrued interest payable	3,707	1,363
Level 2 | Estimated Fair Value
Financial assets:
Debt securities held-to-maturity	450,313	478,801
Accrued interest receivable	23,447	19,506
Financial liabilities:
Securities sold under agreements to repurchase	28,900	43,081
Accrued interest payable	3,707	1,363
Level 3 | Carrying Amount
Financial assets:
Restricted stock	11,165	7,965
Loans, net	3,303,923	2,594,920
Investments in unconsolidated subsidiaries	1,614	1,165
Financial liabilities:
Time deposits	679,607	262,968
Level 3 | Estimated Fair Value
Financial assets:
Restricted stock	11,165	7,965
Loans, net	3,252,850	2,566,930
Investments in unconsolidated subsidiaries	1,614	1,165
Financial liabilities:
Time deposits	668,960	253,619
Subordinated notes | Level 3 | Carrying Amount
Financial liabilities:
Subordinated notes	39,454	39,395
Subordinated notes | Level 3 | Estimated Fair Value
Financial liabilities:
Subordinated notes	36,852	37,205
Junior subordinated debentures | Level 3 | Carrying Amount
Financial liabilities:
Subordinated notes	52,774	37,780
Junior subordinated debentures | Level 3 | Estimated Fair Value
Financial liabilities:
Subordinated notes	$ 43,600	$ 37,030

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Standby letters of credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 23,689	$ 17,785
Commitments to extend credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 881,943	$ 756,885

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Legal Contingencies (Details) - USD ($) $ in Thousands				3 Months Ended
	Aug. 16, 2023	May 15, 2023	Feb. 20, 2023	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Litigation
Allowance for Credit Losses				$ 38,863	$ 25,333	$ 37,814	$ 25,060	$ 24,734	$ 23,936
Allowance for credit losses on unfunded commitments
Litigation
Allowance for Credit Losses				4,400	0
TGC Cases
Litigation
Settlement amount	$ 13,000		$ 13,000
Accrual recorded				13,000	13,000
Insurance recovery receivable				7,400	7,400
Net settlement amount included in other noninterest expense					5,600
DeBaere and Miller cases
Litigation
Settlement amount		$ 3,400
Accrual recorded				3,400	2,600
Accrual included in other noninterest expense				$ 800	$ 2,600