HBT Financial (HBT) 10-Q 1 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	Apr. 24, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Current Fiscal Year End Date	--12-31
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	309
Local Phone Number	662-4444
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		31,591,466
Amendment Flag	false
Entity Central Index Key	0000775215
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 19,989	$ 26,256
Interest-bearing deposits with banks	240,223	114,996
Cash and cash equivalents	260,212	141,252
Interest-bearing time deposits with banks	515	509
Debt securities available-for-sale, at fair value	669,020	759,461
Debt securities held-to-maturity (fair value of $458,640 at 2024 and $466,496 at 2023)	517,472	521,439
Equity securities with readily determinable fair value	3,324	3,360
Equity securities with no readily determinable fair value	2,622	2,505
Restricted stock, at cost	5,155	7,160
Loans held for sale	3,479	2,318
Loans, before allowance for credit losses	3,345,962	3,404,417
Allowance for credit losses	(40,815)	(40,048)
Loans, net of allowance for credit losses	3,305,147	3,364,369
Bank owned life insurance	24,069	23,905
Bank premises and equipment, net	64,755	65,150
Bank premises held for sale	317	0
Foreclosed assets	277	852
Goodwill	59,820	59,820
Intangible assets, net	19,972	20,682
Mortgage servicing rights, at fair value	19,081	19,001
Investments in unconsolidated subsidiaries	1,614	1,614
Accrued interest receivable	23,117	24,534
Other assets	60,542	55,239
Total assets	5,040,510	5,073,170
Deposits:
Noninterest-bearing	1,047,074	1,072,407
Interest-bearing	3,313,500	3,329,030
Total deposits	4,360,574	4,401,437
Securities sold under agreements to repurchase	31,864	42,442
FHLB advances	12,725	12,623
Subordinated notes	39,494	39,474
Junior subordinated debentures issued to capital trusts	52,804	52,789
Other liabilities	46,368	34,909
Total liabilities	4,543,829	4,583,674
COMMITMENTS AND CONTINGENCIES (Note 14)
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 32,827,039 at 2024 and 32,730,698 at 2023; shares outstanding of 31,612,888 at 2024 and 31,695,828 at 2023	328	327
Surplus	296,054	295,877
Retained earnings	278,353	269,051
Accumulated other comprehensive income (loss)	(56,048)	(57,163)
Treasury stock at cost, 1,214,151 shares at 2024 and 1,034,870 at 2023	(22,006)	(18,596)
Total stockholders’ equity	496,681	489,496
Total liabilities and stockholders’ equity	$ 5,040,510	$ 5,073,170

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Stockholders' Equity
Debt securities held-to-maturity	$ 458,640	$ 466,496
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)	32,827,039	32,730,698
Common stock, outstanding (in shares)	31,612,888	31,695,828
Treasury stock, (in shares)	1,214,151	1,034,870

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Loans, including fees:
Taxable	$ 51,926	$ 42,159
Federally tax exempt	1,094	952
Securities:
Taxable	6,250	6,616
Federally tax exempt	597	1,197
Interest-bearing deposits in bank	1,952	739
Other interest and dividend income	142	116
Total interest and dividend income	61,961	51,779
INTEREST EXPENSE
Deposits	13,593	2,374
Securities sold under agreements to repurchase	152	38
Borrowings	125	1,297
Subordinated notes	470	470
Junior subordinated debentures issued to capital trusts	933	763
Total interest expense	15,273	4,942
Net interest income	46,688	46,837
PROVISION FOR CREDIT LOSSES	527	6,210
Net interest income after provision for credit losses	46,161	40,627
NONINTEREST INCOME
Mortgage servicing	1,055	1,099
Mortgage servicing rights fair value adjustment	80	(624)
Gains on sale of mortgage loans	298	276
Realized gains (losses) on sales of securities	(3,382)	(1,007)
Unrealized gains (losses) on equity securities	(16)	(22)
Gains (losses) on foreclosed assets	87	(10)
Gains (losses) on other assets	(635)	0
Income on bank owned life insurance	164	115
Other noninterest income	943	743
Total noninterest income	5,626	7,437
NONINTEREST EXPENSE
Salaries	16,657	19,411
Employee benefits	2,805	2,335
Occupancy of bank premises	2,582	2,102
Furniture and equipment	550	659
Data processing	2,925	4,323
Marketing and customer relations	996	836
Amortization of intangible assets	710	510
FDIC insurance	560	563
Loan collection and servicing	452	278
Foreclosed assets	49	61
Other noninterest expense	2,982	4,855
Total noninterest expense	31,268	35,933
INCOME BEFORE INCOME TAX EXPENSE	20,519	12,131
INCOME TAX EXPENSE	5,261	2,923
NET INCOME	$ 15,258	$ 9,208
Earnings per share, basic (in dollars per share)	$ 0.48	$ 0.30
Earnings per share, diluted (in dollars per share)	$ 0.48	$ 0.30
Weighted average shares of common stock outstanding (in shares)	31,662,954	30,977,204
Card income
NONINTEREST INCOME
Revenue	$ 2,616	$ 2,658
Wealth management fees
NONINTEREST INCOME
Revenue	2,547	2,338
Service charges on deposit accounts
NONINTEREST INCOME
Revenue	$ 1,869	$ 1,871

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 15,258	$ 9,208
OTHER COMPREHENSIVE INCOME
Unrealized gains (losses) on debt securities available-for-sale	(2,255)	11,443
Reclassification adjustment for losses on sale of debt securities available-for-sale realized in income	3,382	1,607
Reclassification adjustment for amortization of net unrealized losses on debt securities transferred to held-to-maturity	501	490
Unrealized gains (losses) on derivative instruments	64	(40)
Reclassification adjustment for net settlements on derivative instruments	(132)	(94)
Other comprehensive income (loss), before tax	1,560	13,406
Income tax expense (benefit)	445	3,822
Total other comprehensive income	1,115	9,584
TOTAL COMPREHENSIVE INCOME	$ 16,373	$ 18,792

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, 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	9,208				9,208
Other comprehensive income	9,584						9,584
Stock-based compensation	517			517
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)			(79,463)
Repurchase of common stock	(1,588)							(1,588)
Cash dividends and dividend equivalents	(5,508)				(5,508)
Ending balance (in shares) at Mar. 31, 2023			32,095,370
Ending balance at Mar. 31, 2023	450,098		$ 327	294,441	228,782		(62,175)	(11,277)
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)
Ending balance (in shares) at Dec. 31, 2023	31,695,828		31,695,828
Ending balance at Dec. 31, 2023	$ 489,496	$ 116	$ 327	295,877	269,051	$ 116	(57,163)	(18,596)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2023-02
Net income	$ 15,258				15,258
Other comprehensive income	1,115						1,115
Stock-based compensation	509			509
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings (in shares)			96,341
Issuance of common stock upon vesting of restricted stock units, net of tax withholdings	(331)		$ 1	(332)
Repurchase of common stock (in shares)			(179,281)
Repurchase of common stock	(3,410)							(3,410)
Cash dividends and dividend equivalents	$ (6,072)				(6,072)
Ending balance (in shares) at Mar. 31, 2024	31,612,888		31,612,888
Ending balance at Mar. 31, 2024	$ 496,681		$ 328	$ 296,054	$ 278,353		$ (56,048)	$ (22,006)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.19	$ 0.17

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 15,258	$ 9,208
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	729	793
Provision for credit losses	527	6,210
Net amortization of debt securities	1,036	1,518
Deferred income tax expense (benefit)	1,154	(1,079)
Stock-based compensation	509	517
Net accretion of discount and deferred loan fees on loans	(1,854)	(1,635)
Net realized loss on sales of securities	3,382	1,007
Net unrealized loss on equity securities	16	22
Net loss on disposals of bank premises and equipment	55	0
Impairment losses on bank premises held for sale	580	0
Net gain on sales of foreclosed assets	(113)	(20)
Write-down of foreclosed assets	26	30
Amortization of intangibles	710	510
Decrease (increase) in mortgage servicing rights	(80)	624
Amortization of discount and issuance costs on subordinated notes and debentures	35	37
Amortization of discount on Federal Home Loan Bank advances	102	69
Amortization of premium on time deposits	(30)	(110)
Mortgage loans originated for sale	(12,459)	(15,734)
Proceeds from sale of mortgage loans	11,596	13,107
Net gain on sale of mortgage loans	(298)	(276)
Increase in cash surrender value of bank owned life insurance	(164)	(108)
Decrease in accrued interest receivable	1,417	2,318
Decrease (increase) in other assets	(5,574)	7,846
Increase (decrease) in other liabilities	10,212	(3,364)
Net cash provided by operating activities	26,772	21,490
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of interest-bearing time deposits with banks	(6)	0
Proceeds from sales of securities	66,832	145,844
Proceeds from paydowns, maturities, and calls of debt securities	29,563	26,513
Purchase of securities	(4,874)	(51)
Purchase of loans	(4,448)	0
Net decrease in loans	64,761	61,964
Purchase of restricted stock	0	(3,545)
Proceeds from redemption of restricted stock	2,005	9,341
Purchases of bank premises and equipment	(1,286)	(622)
Proceeds from sales of bank premises and equipment	0	7
Proceeds from sales of foreclosed assets	865	40
Net cash paid for acquisition of Town and Country	0	(14,454)
Net cash provided by investing activities	153,412	225,037
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	(40,833)	3,190
Net decrease in repurchase agreements	(10,578)	(8,162)
Net decrease in Federal Home Loan Bank advances	0	(171,325)
Taxes paid related to the vesting of restricted stock units	(331)	(181)
Repurchase of common stock	(3,410)	(1,588)
Cash dividends and dividend equivalents paid	(6,072)	(5,508)
Net cash used in financing activities	(61,224)	(183,574)
NET INCREASE IN CASH AND CASH EQUIVALENTS	118,960	62,953
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	141,252	114,159
CASH AND CASH EQUIVALENTS AT END OF PERIOD	260,212	177,112
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	15,926	4,903
Net refunds received for income taxes	(749)	0
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfers of loans to foreclosed assets	203	105
Transfers of bank premises and equipment to bank premises held for sale	$ 317	$ 0

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
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 financial products and services to consumers, 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, 2023, filed with the SEC on March 6, 2024. 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. Low Income Housing Tax Credits The Company holds an ownership interest in a limited liability company, as a limited partner, that invests in affordable housing projects. This investment is designed to generate a return primarily through the realization of federal tax credits and deductions, which may be subject to recapture by taxing authorities if compliance requirements are not met. The Company accounts for its low income housing investments using the proportional amortization method. The Company’s investment in the qualified affordable housing project meets the definition of a variable interest entity ("VIE") as the entity is structured such that the limited partner investors lack substantive voting rights. The managing member has both the power to direct the activities that most significantly impact the economic performance of the entity and the obligation to absorb losses or the right to receive benefits that could be significant to the entity. Accordingly, the Company is not the primary beneficiary and is not required to consolidate this entity. The Company's maximum exposure to loss is limited to the carrying amount of the investment, which was $7.5 million as of March 31, 2024. 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, 2024, the Company adopted 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. The Company adopted ASU 2023-02 using the modified retrospective method. The Company recorded a $0.1 million increase to retained earnings and decrease to deferred tax liability, as well as a $7.2 million increase to other assets and other liabilities, as a result of the adoption. 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 did not have an 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 did not have an impact on the Company’s consolidated results of operations or financial position. Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 expands disclosure requirements for significant segment expenses under Topic 280. The amendments require public entities to disclose significant expense categories for each reportable segment, other segment items, the title and position of the chief operating decision-maker, and interim disclosures of certain segment-related information previously required only on an annual basis. The amendments clarify that entities reporting single segments must disclose both the new and existing segment disclosures under Topic 280, and a public entity is permitted to disclose multiple measures of segment profit or loss if certain criteria are met. The amendments in this update are effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 31, 2024. ASU 2023-07 must be applied on a retrospective basis. 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 December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 expands income tax disclosure requirements. The amendments require annual disclosure of certain information relating to the rate reconciliation, income taxes paid by jurisdiction, income (loss) from continuing operations before income tax expense (benefit) disaggregated between domestic and foreign, income tax expense (benefit) from continuing operations disaggregated by federal (national), state, and foreign. The amendments also eliminate certain requirements relating to unrecognized tax benefits and certain deferred tax disclosure relating to subsidiaries and corporate joint ventures. The amendments in this update are effective for years beginning after December 15, 2024. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. 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.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2024
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. No expenses were incurred related to the acquisition of Town and Country for the three months ended March 31, 2024. During the three months ended March 31, 2023, HBT Financial incurred the following expenses related to the acquisition of Town and Country: (dollars in thousands) Three Months Ended March 31, 2023 PROVISION FOR CREDIT LOSSES $ 5,924 NONINTEREST EXPENSE Salaries 3,518 Data processing 1,855 Marketing and customer relations 14 Legal fees and other noninterest expense 1,753 Total noninterest expense 7,140 Total Town and Country acquisition-related expenses $ 13,064 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 301 Restricted stock 2,822 Loans held for sale 1,612 Loans, before allowance for credit losses 635,376 Allowance for credit losses (1,247) Loans, net of allowance for credit losses 634,129 Bank owned life insurance 15,782 Bank premises and equipment 14,828 Foreclosed assets 271 Intangible assets 22,282 Mortgage servicing rights 10,469 Investments in unconsolidated subsidiaries 449 Accrued interest receivable 3,113 Other assets 8,940 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 months ended March 31, 2023 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 (dollars in thousands, except per share data) Three Months Ended March 31, 2023 Total revenues (net interest income and noninterest income) $ 57,770 Net income 10,015 Earnings per share - basic 0.31 Earnings per share - diluted 0.31

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: U.S. Treasury $ 149,697 $ — $ (11,511) $ — $ 138,186 U.S. government agency 53,836 — (3,377) — 50,459 Municipal 156,403 1 (21,756) — 134,648 Mortgage-backed: Agency residential 183,553 51 (15,058) — 168,546 Agency commercial 138,873 2 (14,400) — 124,475 Corporate 57,694 — (4,988) — 52,706 Total available-for-sale $ 740,056 $ 54 $ (71,090) $ — $ 669,020 March 31, 2024 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Held-to-maturity: U.S. government agency $ 88,454 $ — $ (8,977) $ 79,477 $ — Municipal 38,459 158 (351) 38,266 — Mortgage-backed: Agency residential 93,737 — (6,497) 87,240 — Agency commercial 296,822 — (43,165) 253,657 — Total held-to-maturity $ 517,472 $ 158 $ (58,990) $ 458,640 $ — December 31, 2023 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: U.S. Treasury $ 159,715 $ — $ (11,093) $ — $ 148,622 U.S. government agency 55,359 — (3,262) — 52,097 Municipal 229,030 26 (23,499) — 205,557 Mortgage-backed: Agency residential 188,641 61 (14,718) — 173,984 Agency commercial 141,214 3 (14,205) — 127,012 Corporate 57,665 9 (5,485) — 52,189 Total available-for-sale $ 831,624 $ 99 $ (72,262) $ — $ 759,461 December 31, 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 $ 88,448 $ — $ (8,292) $ 80,156 $ — Municipal 38,442 394 (163) 38,673 — Mortgage-backed: Agency residential 95,828 — (5,569) 90,259 — Agency commercial 298,721 — (41,313) 257,408 — Total held-to-maturity $ 521,439 $ 394 $ (55,337) $ 466,496 $ — As of March 31, 2024 and December 31, 2023, the Bank had debt securities with a carrying value of $388.8 million and $419.4 million, respectively, which were pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes required or permitted by law. The amortized cost and fair value of debt securities by contractual maturity, as of March 31, 2024, 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 $ 46,701 $ 45,715 $ 2,791 $ 2,789 Due after 1 year through 5 years 193,559 179,686 44,748 42,300 Due after 5 years through 10 years 155,271 132,382 73,706 67,434 Due after 10 years 22,099 18,216 5,668 5,220 Mortgage-backed: Agency residential 183,553 168,546 93,737 87,240 Agency commercial 138,873 124,475 296,822 253,657 Total $ 740,056 $ 669,020 $ 517,472 $ 458,640 The following table presents gross unrealized losses and fair value of debt securities available-for-sale that do not have an associated allowance for credit losses as of March 31, 2024 and December 31, 2023, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position: March 31, 2024 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 $ — $ — $ (11,511) $ 138,186 $ (11,511) $ 138,186 U.S. government agency — — (3,377) 50,432 (3,377) 50,432 Municipal (10) 2,648 (21,746) 131,224 (21,756) 133,872 Mortgage-backed: Agency residential (32) 7,947 (15,026) 155,172 (15,058) 163,119 Agency commercial (10) 913 (14,390) 123,480 (14,400) 124,393 Corporate (7) 1,987 (4,981) 50,706 (4,988) 52,693 Total available-for-sale $ (59) $ 13,495 $ (71,031) $ 649,200 $ (71,090) $ 662,695 December 31, 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 $ — $ — $ (11,093) $ 148,622 $ (11,093) $ 148,622 U.S. government agency (2) 168 (3,260) 51,910 (3,262) 52,078 Municipal (26) 4,749 (23,473) 194,287 (23,499) 199,036 Mortgage-backed: Agency residential (163) 9,354 (14,555) 156,785 (14,718) 166,139 Agency commercial (26) 3,016 (14,179) 123,404 (14,205) 126,420 Corporate (414) 4,361 (5,071) 45,826 (5,485) 50,187 Total available-for-sale $ (631) $ 21,648 $ (71,631) $ 720,834 $ (72,262) $ 742,482 As of March 31, 2024, there were 690 debt securities in an unrealized loss position for a period of twelve months or more, and 73 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 73% general obligation bonds as of March 31, 2024, 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 A1/A+ 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. During 2024, the changes in fair value in corporate securities were considered to be primarily driven by changes in market interest rates and other non-credit risks, such as call and liquidity risks. During the three months ended March 31, 2023, a $0.6 million allowance for credit losses was established for one bank subordinated debt security, reflecting heightened potential credit risk following the failures of other banks in early 2023. This allowance for credit losses was later reversed during the third quarter of 2023 after a merger announcement by the issuer of the bank subordinated debt security. As of March 31, 2024, the Company did not intend to sell the debt securities that are in an unrealized 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 is excluded from the estimate of credit losses and totaled $5.4 million and $6.0 million as of March 31, 2024 and December 31, 2023, respectively. Sales of debt securities were as follows during the three months ended March 31: Three Months Ended March 31, (dollars in thousands) 2024 2023 Proceeds from sales $ 66,812 $ 145,844 Gross realized gains — — Gross realized losses (3,382) (1,007) Equity Securities Equity securities with readily determinable fair values are measured at fair value with changes in fair value recognized in unrealized gains (losses) on equity securities on the consolidated statements of income. The Company has elected to measure equity securities with no readily determinable fair value at cost minus impairment, if any, plus or minus changes resulting from observable price changes for identical or similar securities of the same issuer. The initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses are as follows: March 31, 2024 (dollars in thousands) Readily No Readily Initial cost $ 3,124 $ 2,957 Cumulative net unrealized gains (losses) 200 (335) Carrying value $ 3,324 $ 2,622 December 31, 2023 (dollars in thousands) Readily No Readily Initial cost $ 3,143 $ 2,840 Cumulative net unrealized gains (losses) 217 (335) Carrying value $ 3,360 $ 2,505 As of March 31, 2024 and December 31, 2023, the cumulative net unrealized losses on equity securities with no readily determinable fair value reflect impairments of $0.2 million and downward adjustments based on observable price changes of an identical investment of $0.2 million. There have been no upward adjustments based on observable price changes to equity securities with no readily determinable fair value. During the three months ended March 31, 2024, the Company sold equity securities with a readily determinable fair value totaling $20 thousand at their carrying value. There were no sales of equity securities during the three months ended March 31, 2023. Unrealized gains (losses) on equity securities were as follows during the three months ended March 31, 2024 and 2023: Three Months Ended March 31, (dollars in thousands) 2024 2023 Readily determinable fair value $ (16) $ 116 No readily determinable fair value — (138) Unrealized gains (losses) on equity securities $ (16) $ (22)

LOANS AND RELATED ALLOWANCE FOR

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2024
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) March 31, 2024 December 31, 2023 Commercial and industrial $ 402,206 $ 427,800 Commercial real estate - owner occupied 294,967 295,842 Commercial real estate - non-owner occupied 890,251 880,681 Construction and land development 345,991 363,983 Multi-family 421,573 417,923 One-to-four family residential 485,948 491,508 Agricultural and farmland 287,205 287,294 Municipal, consumer, and other 217,821 239,386 Loans, before allowance for credit losses 3,345,962 3,404,417 Allowance for credit losses (40,815) (40,048) Loans, net of allowance for credit losses $ 3,305,147 $ 3,364,369 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 March 31, 2024, the economic forecast used by management anticipates an economic slowdown, but not a recession, with the unemployment rate remaining stable and GDP growth slowing and then remaining stable 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 has made qualitative adjustments to the loss estimates to reflect other factors that influence credit losses. The following tables detail activity in the allowance for credit losses: Three Months Ended March 31, 2024 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 4,980 $ 2,272 $ 7,714 $ 5,998 $ 3,837 $ 5,204 $ 975 $ 9,068 $ 40,048 Provision for credit losses 239 (117) 2,102 (454) 8 (421) 32 (829) 560 Charge-offs (15) — — — — (21) — (191) (227) Recoveries 26 2 242 1 — 84 7 72 434 Ending balance $ 5,230 $ 2,157 $ 10,058 $ 5,545 $ 3,845 $ 4,846 $ 1,014 $ 8,120 $ 40,815 Three Months Ended March 31, 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 loan losses 387 619 305 1,139 526 1,081 305 739 5,101 Charge-offs — (3) — — — (22) — (117) (142) Recoveries 19 12 74 3 — 58 1 87 254 Ending balance $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 Gross charge-offs, further sorted by origination year, were as follows during the three months ended March 31, 2024 and 2023. Gross Charge-Offs for the Three Months Ended March 31, 2024 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2024 2023 2022 2021 2020 Prior Commercial and industrial $ — $ 3 $ — $ — $ — $ 11 $ 1 $ — $ 15 Commercial real estate - owner occupied — — — — — — — — — Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — 3 — — 6 12 — 21 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 44 56 6 — — — 85 — 191 Total $ 44 $ 59 $ 9 $ — $ — $ 17 $ 98 $ — $ 227 Gross Charge-Offs for the Three Months Ended March 31, 2023 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial and industrial $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied — 3 — — — — — — 3 Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — 1 21 — — 22 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 35 53 — 9 — — 20 — 117 Total $ 35 $ 56 $ — $ 9 $ 1 $ 21 $ 20 $ — $ 142 The following tables present loans and the related allowance for credit losses by category: March 31, 2024 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: Collectively evaluated for impairment $ 401,036 $ 294,322 $ 875,344 $ 345,775 $ 421,257 $ 479,840 $ 287,061 $ 202,934 $ 3,307,569 Individually evaluated for impairment 1,170 645 14,907 216 316 6,108 144 14,887 38,393 Total $ 402,206 $ 294,967 $ 890,251 $ 345,991 $ 421,573 $ 485,948 $ 287,205 $ 217,821 $ 3,345,962 Allowance for credit losses: Collectively evaluated for impairment $ 4,882 $ 2,157 $ 9,224 $ 5,545 $ 3,845 $ 4,603 $ 1,014 $ 5,414 $ 36,684 Individually evaluated for impairment 348 — 834 — — 243 — 2,706 4,131 Total $ 5,230 $ 2,157 $ 10,058 $ 5,545 $ 3,845 $ 4,846 $ 1,014 $ 8,120 $ 40,815 December 31, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: Collectively evaluated for impairment $ 427,528 $ 295,672 $ 865,394 $ 363,767 $ 417,608 $ 486,049 $ 287,150 $ 224,345 $ 3,367,513 Individually evaluated for impairment 272 170 15,287 216 315 5,459 144 15,041 36,904 Total $ 427,800 $ 295,842 $ 880,681 $ 363,983 $ 417,923 $ 491,508 $ 287,294 $ 239,386 $ 3,404,417 Allowance for loan losses: Collectively evaluated for impairment $ 4,960 $ 2,272 $ 6,693 $ 5,998 $ 3,837 $ 4,957 $ 975 $ 6,137 $ 35,829 Individually evaluated for impairment 20 — 1,021 — — 247 — 2,931 4,219 Total $ 4,980 $ 2,272 $ 7,714 $ 5,998 $ 3,837 $ 5,204 $ 975 $ 9,068 $ 40,048 The following tables present 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: March 31, 2024 Amortized Cost Allowance Primary Collateral Type (dollars in thousands) Real Estate Vehicles Other Total Commercial and industrial $ — $ 895 $ 275 $ 1,170 $ 348 Commercial real estate - owner occupied 645 — — 645 — Commercial real estate - non-owner occupied 14,907 — — 14,907 834 Construction and land development 216 — — 216 — Multi-family 316 — — 316 — One-to-four family residential 6,108 — — 6,108 243 Agricultural and farmland 144 — — 144 — Municipal, consumer, and other 14,817 48 22 14,887 2,706 Total $ 37,153 $ 943 $ 297 $ 38,393 $ 4,131 December 31, 2023 Amortized Cost Allowance Primary Collateral Type (dollars in thousands) Real Estate Vehicles Other Total Commercial and industrial $ — $ 37 $ 235 $ 272 $ 20 Commercial real estate - owner occupied 170 — — 170 — Commercial real estate - non-owner occupied 15,287 — — 15,287 1,021 Construction and land development 216 — — 216 — Multi-family 315 — — 315 — One-to-four family residential 5,459 — — 5,459 247 Agricultural and farmland 144 — — 144 — Municipal, consumer, and other 14,978 39 24 15,041 2,931 Total $ 36,569 $ 76 $ 259 $ 36,904 $ 4,219 Accrued interest on loans is excluded from the estimate of credit losses and totaled $17.3 million and $18.4 million as of March 31, 2024 and December 31, 2023, respectively. 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: March 31, 2024 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total Commercial and industrial $ 400,152 $ 884 $ — $ 1,170 $ 402,206 Commercial real estate - owner occupied 294,148 174 — 645 294,967 Commercial real estate - non-owner occupied 885,963 2,645 — 1,643 890,251 Construction and land development 345,775 — — 216 345,991 Multi-family 421,142 115 — 316 421,573 One-to-four family residential 478,351 2,143 — 5,454 485,948 Agricultural and farmland 286,977 84 — 144 287,205 Municipal, consumer, and other 217,629 123 — 69 217,821 Total $ 3,330,137 $ 6,168 $ — $ 9,657 $ 3,345,962 December 31, 2023 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total Commercial and industrial $ 427,300 $ 228 $ — $ 272 $ 427,800 Commercial real estate - owner occupied 295,672 — — 170 295,842 Commercial real estate - non-owner occupied 878,591 255 — 1,835 880,681 Construction and land development 363,735 32 — 216 363,983 Multi-family 417,597 11 — 315 417,923 One-to-four family residential 484,969 1,735 — 4,804 491,508 Agricultural and farmland 286,820 330 — 144 287,294 Municipal, consumer, and other 239,033 252 37 64 239,386 Total $ 3,393,717 $ 2,843 $ 37 $ 7,820 $ 3,404,417 The following tables present nonaccrual loans with and without a related allowance for credit losses: March 31, 2024 (dollars in thousands) Nonaccrual Nonaccrual Total Commercial and industrial $ 1,057 $ 113 $ 1,170 Commercial real estate - owner occupied — 645 645 Commercial real estate - non-owner occupied — 1,643 1,643 Construction and land development 216 — 216 Multi-family — 316 316 One-to-four family residential 145 5,309 5,454 Agricultural and farmland — 144 144 Municipal, consumer, and other — 69 69 Total $ 1,418 $ 8,239 $ 9,657 December 31, 2023 (dollars in thousands) Nonaccrual Nonaccrual Total Commercial and industrial $ 120 $ 152 $ 272 Commercial real estate - owner occupied — 170 170 Commercial real estate - non-owner occupied 188 1,647 1,835 Construction and land development 216 — 216 Multi-family — 315 315 One-to-four family residential 14 4,790 4,804 Agricultural and farmland — 144 144 Municipal, consumer, and other — 64 64 Total $ 538 $ 7,282 $ 7,820 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 a Substandard or Doubtful 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: March 31, 2024 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total Commercial and industrial $ 388,483 $ 8,882 $ 4,841 $ — $ 402,206 Commercial real estate - owner occupied 275,346 12,611 7,010 — 294,967 Commercial real estate - non-owner occupied 825,513 40,095 24,643 — 890,251 Construction and land development 333,565 12,154 272 — 345,991 Multi-family 401,541 19,716 316 — 421,573 One-to-four family residential 466,266 7,000 12,682 — 485,948 Agricultural and farmland 276,427 7,092 3,686 — 287,205 Municipal, consumer, and other 201,083 1,732 15,006 — 217,821 Total $ 3,168,224 $ 109,282 $ 68,456 $ — $ 3,345,962 December 31, 2023 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total Commercial and industrial $ 419,494 $ 7,128 $ 1,178 $ — $ 427,800 Commercial real estate - owner occupied 275,649 14,072 6,121 — 295,842 Commercial real estate - non-owner occupied 822,012 33,283 25,386 — 880,681 Construction and land development 351,087 12,604 292 — 363,983 Multi-family 397,951 19,656 316 — 417,923 One-to-four family residential 472,355 6,671 12,482 — 491,508 Agricultural and farmland 280,867 3,071 3,356 — 287,294 Municipal, consumer, and other 222,474 1,721 15,191 — 239,386 Total $ 3,241,889 $ 98,206 $ 64,322 $ — $ 3,404,417 Risk ratings of loans, further sorted by origination year, are as follows as of March 31, 2024: (dollars in thousands) Term Loans by Origination Year Revolving Revolving Total 2024 2023 2022 2021 2020 Prior Commercial and industrial Pass $ 17,320 $ 73,281 $ 55,707 $ 17,771 $ 24,591 $ 33,691 $ 162,876 $ 3,246 $ 388,483 Pass-Watch — 3,490 1,374 955 124 1,161 766 1,012 8,882 Substandard — 1,311 65 27 42 — 2,942 454 4,841 Total $ 17,320 $ 78,082 $ 57,146 $ 18,753 $ 24,757 $ 34,852 $ 166,584 $ 4,712 $ 402,206 Commercial real estate - owner occupied Pass $ 7,568 $ 27,742 $ 63,093 $ 54,117 $ 52,110 $ 57,399 $ 13,250 $ 67 $ 275,346 Pass-Watch 352 3,199 919 5,070 1,414 1,657 — — 12,611 Substandard — 3,141 84 1,180 61 1,061 1,483 — 7,010 Total $ 7,920 $ 34,082 $ 64,096 $ 60,367 $ 53,585 $ 60,117 $ 14,733 $ 67 $ 294,967 Commercial real estate - non-owner occupied Pass $ 11,210 $ 124,093 $ 246,855 $ 234,215 $ 87,338 $ 110,263 $ 9,840 $ 1,699 $ 825,513 Pass-Watch — 790 6,824 6,925 348 11,383 13,586 239 40,095 Substandard — 13,274 124 — — 11,245 — — 24,643 Total $ 11,210 $ 138,157 $ 253,803 $ 241,140 $ 87,686 $ 132,891 $ 23,426 $ 1,938 $ 890,251 Construction and land development Pass $ 25,805 $ 133,857 $ 107,186 $ 42,022 $ 9,070 $ 3,170 $ 12,194 $ 261 $ 333,565 Pass-Watch 152 1,919 8,423 — — 19 804 837 12,154 Substandard — — 216 — — 56 — — 272 Total $ 25,957 $ 135,776 $ 115,825 $ 42,022 $ 9,070 $ 3,245 $ 12,998 $ 1,098 $ 345,991 Multi-family Pass $ 5,042 $ 83,616 $ 81,575 $ 117,281 $ 52,554 $ 56,099 $ 4,893 $ 481 $ 401,541 Pass-Watch 400 2,703 7,161 — 8,816 629 — 7 19,716 Substandard — — — 316 — — — — 316 Total $ 5,442 $ 86,319 $ 88,736 $ 117,597 $ 61,370 $ 56,728 $ 4,893 $ 488 $ 421,573 One-to-four family residential Pass $ 14,674 $ 98,623 $ 90,394 $ 78,700 $ 62,792 $ 61,198 $ 53,859 $ 6,026 $ 466,266 Pass-Watch 365 2,039 283 931 605 2,296 202 279 7,000 Substandard 70 1,527 1,523 547 564 5,517 — 2,934 12,682 Total $ 15,109 $ 102,189 $ 92,200 $ 80,178 $ 63,961 $ 69,011 $ 54,061 $ 9,239 $ 485,948 Agricultural and farmland Pass $ 17,509 $ 43,295 $ 35,500 $ 34,208 $ 31,935 $ 12,397 $ 100,006 $ 1,577 $ 276,427 Pass-Watch 137 2,878 794 94 27 761 2,355 46 7,092 Substandard 331 — — 12 3,199 144 — — 3,686 Total $ 17,977 $ 46,173 $ 36,294 $ 34,314 $ 35,161 $ 13,302 $ 102,361 $ 1,623 $ 287,205 Municipal, Consumer, and other Pass $ 8,181 $ 38,222 $ 49,651 $ 27,623 $ 13,490 $ 42,611 $ 21,305 $ — $ 201,083 Pass-Watch — 10 31 11 — 1,676 4 — 1,732 Substandard 31 64 62 — — 14,825 24 — 15,006 Total $ 8,212 $ 38,296 $ 49,744 $ 27,634 $ 13,490 $ 59,112 $ 21,333 $ — $ 217,821 Total by Risk Rating Pass $ 107,309 $ 622,729 $ 729,961 $ 605,937 $ 333,880 $ 376,828 $ 378,223 $ 13,357 $ 3,168,224 Pass-Watch 1,406 17,028 25,809 13,986 11,334 19,582 17,717 2,420 109,282 Substandard 432 19,317 2,074 2,082 3,866 32,848 4,449 3,388 68,456 Total $ 109,147 $ 659,074 $ 757,844 $ 622,005 $ 349,080 $ 429,258 $ 400,389 $ 19,165 $ 3,345,962 Risk ratings of loans, further sorted by origination year, are as follows as of December 31, 2023: (dollars in thousands) Term Loans by Origination Year Revolving Revolving Total 2023 2022 2021 2020 2019 Prior Commercial and industrial Pass $ 90,931 $ 58,364 $ 19,283 $ 26,816 $ 5,269 $ 29,550 $ 187,579 $ 1,702 $ 419,494 Pass-Watch 2,025 1,340 892 144 753 471 956 547 7,128 Substandard 111 73 327 60 — — 323 284 1,178 Total $ 93,067 $ 59,777 $ 20,502 $ 27,020 $ 6,022 $ 30,021 $ 188,858 $ 2,533 $ 427,800 Commercial real estate - owner occupied Pass $ 27,516 $ 64,229 $ 55,376 $ 53,634 $ 32,469 $ 28,876 $ 13,549 $ — $ 275,649 Pass-Watch 4,061 943 5,210 1,474 1,573 811 — — 14,072 Substandard 2,734 86 1,550 64 164 1,523 — — 6,121 Total $ 34,311 $ 65,258 $ 62,136 $ 55,172 $ 34,206 $ 31,210 $ 13,549 $ — $ 295,842 Commercial real estate - non-owner occupied Pass $ 121,536 $ 240,323 $ 237,953 $ 88,894 $ 82,094 $ 39,228 $ 10,274 $ 1,710 $ 822,012 Pass-Watch 810 6,893 7,013 353 4,230 154 13,585 245 33,283 Substandard 13,376 124 286 — 2,410 9,190 — — 25,386 Total $ 135,722 $ 247,340 $ 245,252 $ 89,247 $ 88,734 $ 48,572 $ 23,859 $ 1,955 $ 880,681 Construction and land development Pass $ 153,499 $ 119,005 $ 56,954 $ 5,596 $ 2,662 $ 796 $ 12,050 $ 525 $ 351,087 Pass-Watch 153 10,750 — — — — 163 1,538 12,604 Substandard — 216 — — — 76 — — 292 Total $ 153,652 $ 129,971 $ 56,954 $ 5,596 $ 2,662 $ 872 $ 12,213 $ 2,063 $ 363,983 Multi-family Pass $ 83,898 $ 81,507 $ 115,402 $ 53,126 $ 34,053 $ 23,570 $ 5,904 $ 491 $ 397,951 Pass-Watch 3,111 7,197 — 8,821 51 468 — 8 19,656 Substandard — — 316 — — — — — 316 Total $ 87,009 $ 88,704 $ 115,718 $ 61,947 $ 34,104 $ 24,038 $ 5,904 $ 499 $ 417,923 One-to-four family residential Pass $ 105,337 $ 91,636 $ 82,289 $ 64,094 $ 21,986 $ 44,241 $ 57,248 $ 5,524 $ 472,355 Pass-Watch 2,382 286 940 486 212 1,804 203 358 6,671 Substandard 1,507 1,527 623 646 1,037 4,166 64 2,912 12,482 Total $ 109,226 $ 93,449 $ 83,852 $ 65,226 $ 23,235 $ 50,211 $ 57,515 $ 8,794 $ 491,508 Agricultural and farmland Pass $ 52,766 $ 37,600 $ 36,604 $ 33,960 $ 8,910 $ 7,756 $ 100,486 $ 2,785 $ 280,867 Pass-Watch 953 361 425 30 71 719 172 340 3,071 Substandard — — 13 3,199 — 144 — — 3,356 Total $ 53,719 $ 37,961 $ 37,042 $ 37,189 $ 8,981 $ 8,619 $ 100,658 $ 3,125 $ 287,294 Municipal, Consumer, and other Pass $ 43,575 $ 57,404 $ 27,904 $ 14,342 $ 1,016 $ 42,499 $ 35,734 $ — $ 222,474 Pass-Watch 9 6 13 — — 1,693 — — 1,721 Substandard 51 103 2 6 8 15,012 8 1 15,191 Total $ 43,635 $ 57,513 $ 27,919 $ 14,348 $ 1,024 $ 59,204 $ 35,742 $ 1 $ 239,386 Total by Risk Rating Pass $ 679,058 $ 750,068 $ 631,765 $ 340,462 $ 188,459 $ 216,516 $ 422,824 $ 12,737 $ 3,241,889 Pass-Watch $ 13,504 $ 27,776 $ 14,493 $ 11,308 $ 6,890 $ 6,120 $ 15,079 $ 3,036 98,206 Substandard $ 17,779 $ 2,129 $ 3,117 $ 3,975 $ 3,619 $ 30,111 $ 395 $ 3,197 64,322 Total $ 710,341 $ 779,973 $ 649,375 $ 355,745 $ 198,968 $ 252,747 $ 438,298 $ 18,970 $ 3,404,417 Modifications There were no loan modifications to borrowers in financial distress during the three months ended March 31, 2024 and 2023. There were no modified loans to borrowers in financial distress outstanding as of March 31, 2024 and December 31, 2023. Pledged Loans As of March 31, 2024 and December 31, 2023, the Company pledged loans totaling $1.85 billion and $1.20 billion, respectively, to the Federal Home Loan Bank of Chicago (“FHLB”) to secure available FHLB advance borrowing capacity.

LOAN SERVICING

LOAN SERVICING	3 Months Ended
	Mar. 31, 2024
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 $1.64 billion and $1.66 billion as of March 31, 2024 and December 31, 2023, respectively. Activity in mortgage servicing rights is as follows: Three Months Ended March 31, (dollars in thousands) 2024 2023 Beginning balance $ 19,001 $ 10,147 Acquired — 10,469 Capitalized servicing rights 130 129 Fair value adjustments attributable to payments and principal reductions (429) (431) Fair value adjustments attributable to changes in valuation inputs and assumptions 379 (322) Ending balance $ 19,081 $ 19,992

FORECLOSED ASSETS

FORECLOSED ASSETS	3 Months Ended
	Mar. 31, 2024
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
FORCLOSED ASSETS	FORECLOSED ASSETS Foreclosed assets activity is as follows: Three Months Ended March 31, (dollars in thousands) 2024 2023 Beginning balance $ 852 $ 3,030 Acquired — 271 Transfers from loans 203 105 Proceeds from sales (865) (40) Net gain on sales 113 20 Direct write-downs (26) (30) Ending balance $ 277 $ 3,356 Gains (losses) on foreclosed assets includes the following: Three Months Ended March 31, (dollars in thousands) 2024 2023 Direct write-downs $ (26) $ (30) Net gain on sales 113 20 Gains (losses) on foreclosed assets $ 87 $ (10) The carrying value of foreclosed one-to-four family residential real estate properties held was $0.1 million and $0.1 million as of March 31, 2024 and December 31, 2023, respectively. As of March 31, 2024, there were 20 one-to-four family residential real estate loans in the process of foreclosure totaling $2.0 million. As of December 31, 2023, there were 16 one-to-four family residential real estate loans in the process of foreclosure totaling $1.2 million.

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
DEPOSITS	DEPOSITS The Company’s deposits are summarized below: (dollars in thousands) March 31, 2024 December 31, 2023 Noninterest-bearing deposits $ 1,047,074 $ 1,072,407 Interest-bearing deposits: Interest-bearing demand 1,139,172 1,145,092 Money market 802,685 803,381 Savings 602,739 608,424 Time 713,142 627,253 Brokered 55,762 144,880 Total interest-bearing deposits 3,313,500 3,329,030 Total deposits $ 4,360,574 $ 4,401,437 Reciprocal deposits included in interest-bearing demand deposits, money market deposits, and time deposits totaled $244.1 million and $236.8 million as of March 31, 2024 and December 31, 2023, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $171.4 million and $130.2 million as of March 31, 2024 and December 31, 2023, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $406.4 million and $342.8 million as of March 31, 2024 and December 31, 2023, respectively. The components of interest expense on deposits are as follows: Three Months Ended March 31, (dollars in thousands) 2024 2023 Interest-bearing demand $ 1,311 $ 458 Money market 4,797 935 Savings 443 178 Time 5,925 803 Brokered 1,117 — Total interest expense on deposits $ 13,593 $ 2,374

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 December 31, 2023 (dollars in thousands) Notional Fair Notional Fair Fair value recorded in other assets $ 17,000 $ 254 $ 17,000 $ 322 As of March 31, 2024, the interest rate swap agreements designated as cash flow hedges had contractual maturities between 2024 and 2025. As of March 31, 2024 and December 31, 2023, counterparties had cash pledged and held on deposit by the Company of $0.4 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 (dollars in thousands) 2024 2023 Designated as cash flow hedges: Junior subordinated debentures interest expense $ 132 $ 94 Interest Rate Swaps Not Designated as Hedging Instruments The Company may offer interest rate swap agreements to its commercial borrowers in connection with their risk management needs. The Company manages the interest rate risk associated with these contracts by entering into an equal and offsetting derivative with a third-party financial institution. While these interest rate swap agreements generally work together as an economic interest rate hedge, the Company did not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability were recorded as either a charge or credit to current earnings during the period in which the changes occurred. The interest rate swap agreements not designated as hedging instruments are summarized as follows: March 31, 2024 December 31, 2023 (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 93,199 7,507 94,497 6,227 Total fair value recorded in other assets $ 93,199 $ 7,507 $ 94,497 $ 6,227 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 93,199 $ (7,507) $ 94,497 $ (6,227) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 93,199 $ (7,507) $ 94,497 $ (6,227) As of March 31, 2024, the interest rate swap agreements not designated as hedging instruments had contractual maturities between 2027 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 (dollars in thousands) 2024 2023 Not designated as hedging instruments: Gross gains $ 2,038 $ 2,737 Gross losses (2,038) (2,737) Net gains (losses) $ — $ —

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 Balance, December 31, 2023 $ (48,579) $ (8,549) $ (35) $ (57,163) Other comprehensive income (loss) before reclassifications (2,255) — 64 (2,191) Reclassifications 3,382 501 (132) 3,751 Other comprehensive income (loss), before tax 1,127 501 (68) 1,560 Income tax expense (benefit) 322 143 (20) 445 Other comprehensive income (loss), after tax 805 358 (48) 1,115 Balance, March 31, 2024 $ (47,774) $ (8,191) $ (83) $ (56,048) Three Months Ended March 31, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications 11,443 — (40) 11,403 Reclassifications 1,607 490 (94) 2,003 Other comprehensive income (loss), before tax 13,050 490 (134) 13,406 Income tax expense (benefit) 3,720 140 (38) 3,822 Other comprehensive income (loss), after tax 9,330 350 (96) 9,584 Balance, March 31, 2023 $ (52,668) $ (9,596) $ 89 $ (62,175) 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 8 for additional information.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The Company previously granted restricted stock units that contained non-forfeitable rights to dividend equivalents which were considered participating securities. Prior to 2024, these restricted stock units were included in the calculation of basic earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. Diluted earnings per share is computed using the treasury stock method and reflects the potential dilution from the Company’s outstanding restricted stock units and performance restricted stock units. The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended March 31, (dollars in thousands) 2024 2023 Numerator: Net income $ 15,258 $ 9,208 Earnings allocated to participating securities — (5) Numerator for earnings per share - basic and diluted $ 15,258 $ 9,203 Denominator: Weighted average common shares outstanding 31,662,954 30,977,204 Dilutive effect of outstanding restricted stock units 140,233 69,947 Weighted average common shares outstanding, including all dilutive potential shares 31,803,187 31,047,151 Earnings per share - Basic $ 0.48 $ 0.30 Earnings per share - Diluted $ 0.48 $ 0.30

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	3 Months Ended
	Mar. 31, 2024
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 (vii) other cash-based awards to eligible employees, non-employee directors and consultants of the Company. The maximum number of shares of common stock available for issuance under the Omnibus Incentive Plan is 1,820,000 shares. The following is a summary of stock-based compensation expense (benefit): Three Months Ended March 31, (dollars in thousands) 2024 2023 Restricted stock units $ 273 $ 277 Performance restricted stock units 236 240 Total awards classified as equity 509 517 Stock appreciation rights (129) 1 Total stock-based compensation expense $ 380 $ 518 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, are classified as dividends charged to retained earnings. During the three months ended March 31, 2024 and 2023, the total grant date fair value of the restricted stock units granted was $1.0 million and $1.0 million, respectively, based on the grant date closing prices. The total intrinsic value of restricted stock units that vested during the three months ended March 31, 2024 and 2023 was $1.4 million and $1.1 million, respectively. The following is a summary of restricted stock unit activity: Three Months Ended March 31, 2024 2023 Restricted Weighted Restricted Weighted Beginning balance 128,159 $ 19.56 139,986 $ 18.01 Granted 51,246 19.06 41,847 22.72 Vested (70,540) 18.96 (51,693) 17.91 Forfeited — — (718) 16.58 Ending balance 108,865 $ 19.71 129,422 $ 19.58 As of March 31, 2024, unrecognized compensation cost related to the non-vested restricted stock units was $1.7 million. This cost is expected to be recognized over the weighted average remaining service period of 1.9 years. Performance Restricted Stock Units A performance restricted stock unit is similar to a restricted stock unit, except that the number of shares of the Company’s common stock awarded is based on a performance condition and the completion of the requisite service period. The number of shares of the Company’s common stock that may be earned ranges from 0% to 150% of the number of performance restricted stock units granted. Performance restricted stock units are classified as equity. Compensation cost is based on the Company’s stock price on the grant date and an assessment of the probable outcome of the performance condition. Compensation cost is recognized on a straight-line basis over the service period of the entire award. Changes in the performance condition probability assessment result in cumulative catch-up adjustments to the compensation cost recognized. Dividend equivalents on performance restricted stock units, which are accrued until vested, are classified as dividends charged to retained earnings. During the three months ended March 31, 2024 and 2023, the total fair value of the performance restricted stock units granted was $0.4 million and $0.4 million, respectively, based on the grant date closing prices and an assessment of the probable outcome of the performance condition on the grant date. The total intrinsic value of performance restricted stock units that vested during the three months ended March 31, 2024 was $0.8 million. The following is a summary of performance restricted stock unit activity: Three Months Ended March 31, 2024 2023 Performance Weighted Performance Weighted Beginning balance 79,097 $ 18.25 62,067 $ 17.02 Granted 19,933 19.06 17,030 22.72 Adjustment for performance condition 14,349 15.53 — — Vested (43,046) 15.53 — — Forfeited — — — — Ending balance 70,333 $ 19.59 79,097 $ 18.25 As of March 31, 2024, unrecognized compensation cost related to non-vested performance restricted stock units was $0.6 million, based on the current assessment of the probable outcome of the performance conditions. This cost is expected to be recognized over the weighted average remaining service period of 1.7 years. Stock Appreciation Rights A stock appreciation right grants a participant the right to receive an amount of cash, the value of which equals the appreciation in the Company’s stock price between the grant date and the exercise date. Stock appreciation rights are classified as liabilities. The liability is based on an option-pricing model used to estimate the fair value of the stock appreciation rights. Compensation cost for non-vested stock appreciation rights is recognized on a straight line basis over the service period of the entire award. The following is a summary of stock appreciation rights activity: Three Months Ended March 31, 2024 2023 Stock Weighted Stock Weighted Beginning balance 73,440 $ 16.32 73,440 $ 16.32 Granted — — — — Exercised — — — — Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 73,440 $ 16.32 As of March 31, 2024, all stock appreciation rights were exercisable and had a weighted average remaining term of 5.1 years. There was no unrecognized compensation cost for stock appreciation rights as of March 31, 2024. As of March 31, 2024 and December 31, 2023, the liability recorded for outstanding stock appreciation rights was $0.4 million and $0.6 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. March 31, 2024 December 31, 2023 Risk-free interest rate 4.21 % 3.85 % Expected volatility 37.35 % 37.37 % Expected life (in years) 5.4 5.7 Expected dividend yield 3.99 % 3.22 % As of December 31, 2023, the liability recorded for previously exercised stock appreciation rights was $0.2 million which was paid in 2024.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2024
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. The capital conservation buffer is 2.5% of risk-weighted assets. As of March 31, 2024 and December 31, 2023, the Company and the Bank each met all capital adequacy requirements to which they were subject. The actual and required capital amounts and ratios of the Company (on a consolidated basis) and the Bank are as follows: March 31, 2024 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) $ 611,371 15.79 % $ 309,672 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 532,901 13.77 232,254 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 481,711 12.44 174,190 4.50 N/A N/A Tier 1 Capital (to Average Assets) 532,901 10.65 200,131 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 597,680 15.45 % $ 309,434 8.00 % $ 386,792 10.00 % Tier 1 Capital (to Risk Weighted Assets) 558,704 14.44 232,075 6.00 309,434 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 558,704 14.44 174,056 4.50 251,415 6.50 Tier 1 Capital (to Average Assets) 558,704 11.17 199,999 4.00 249,999 5.00 December 31, 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) $ 603,234 15.33 % $ 314,814 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 527,964 13.42 236,110 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 476,789 12.12 177,083 4.50 N/A N/A Tier 1 Capital (to Average Assets) 527,964 10.49 201,231 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 586,604 14.92 % $ 314,496 8.00 % $ 393,119 10.00 % Tier 1 Capital (to Risk Weighted Assets) 550,808 14.01 235,872 6.00 314,496 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 550,808 14.01 176,904 4.50 255,528 6.50 Tier 1 Capital (to Average Assets) 550,808 10.96 201,063 4.00 251,329 5.00

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2 - Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 - Significant unobservable inputs that reflect a Company’s own assumptions about the assumptions that market participants would use in pricing as asset or liability. The Company uses fair value to measure certain assets and liabilities on a recurring basis, such as investment securities, mortgage servicing rights, and derivatives. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period, and such measurements are therefore considered "nonrecurring" for purposes of disclosing the Company's fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for loans held for sale, collateral-dependent loans, bank premises held for sale, and foreclosed assets. Recurring Basis The following is a description of the methods and significant assumptions used to measure the fair value of assets and liabilities on a recurring basis. 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. 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. 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. The following tables summarize assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 by level within the fair value hierarchy: March 31, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Total Debt securities available-for-sale: U.S. Treasury $ 138,186 $ — $ — $ 138,186 U.S. government agency — 50,459 — 50,459 Municipal — 134,648 — 134,648 Mortgage-backed: Agency residential — 168,546 — 168,546 Agency commercial — 124,475 — 124,475 Corporate — 52,706 — 52,706 Equity securities with readily determinable fair values 3,324 — — 3,324 Mortgage servicing rights — — 19,081 19,081 Derivative financial assets — 7,761 — 7,761 Derivative financial liabilities — 7,507 — 7,507 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Debt securities available-for-sale: U.S. Treasury $ 148,622 $ — $ — $ 148,622 U.S. government agency — 52,097 — 52,097 Municipal — 205,557 — 205,557 Mortgage-backed: Agency residential — 173,984 — 173,984 Agency commercial — 127,012 — 127,012 Corporate — 52,189 — 52,189 Equity securities with readily determinable fair values 3,360 — — 3,360 Mortgage servicing rights — — 19,001 19,001 Derivative financial assets — 6,549 — 6,549 Derivative financial liabilities — 6,227 — 6,227 The following tables present additional information about the unobservable inputs used in the fair value measurement of the mortgage servicing rights (dollars in thousands): March 31, 2024 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 19,081 Discounted cash flows Constant pre-payment rates (CPR) 6.4% to 59.7% (8.6%) Discount rate 9.0% to 55.0% (9.8%) December 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 19,001 Discounted cash flows Constant pre-payment rates (CPR) 6.2% to 49.4% (8.4%) Discount rate 9.0% to 37.3% (9.6%) Nonrecurring Basis The following is a description of the methods and significant assumptions used to measure the fair value of assets and liabilities on a nonrecurring basis. 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 generally indicate fair value of the held for sale loans is greater than cost. Loans held for sale have been classified as Level 2. Collateral-Dependent Loans Periodically, a collateral-dependent loan is evaluated individually and is reported at the fair value of the underlying collateral, less estimated costs to sell, if repayment is expected solely from the collateral. If the collateral value is not sufficient, a specific reserve is recorded. Collateral values are estimated using recent appraisals and customized discounting criteria. Due to the significance of unobservable inputs, fair values of collateral-dependent loans have been classified as Level 3. 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 recent appraisals and customized discounting criteria. Due to the significance of unobservable inputs, fair values of collateral-dependent loans have been classified as Level 3. 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 recent appraisals and customized discounting criteria. Due to the significance of unobservable inputs, fair values of collateral-dependent loans have been classified as Level 3. The following tables summarize assets measured at fair value on a nonrecurring basis as of March 31, 2024 and December 31, 2023 by level within the fair value hierarchy: March 31, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Total Loans held for sale $ — $ 3,479 $ — $ 3,479 Collateral-dependent loans — — 34,262 34,262 Bank premises held for sale — — 317 317 Foreclosed assets — — 277 277 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Loans held for sale $ — $ 2,318 $ — $ 2,318 Collateral-dependent loans — — 32,685 32,685 Foreclosed assets — — 852 852 The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements (dollars in thousands): March 31, 2024 Fair Valuation Unobservable Inputs Range Collateral-dependent loans $ 34,262 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 317 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 277 Appraisal Appraisal adjustments 7% (7%) December 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 32,685 Appraisal of collateral Appraisal adjustments Not meaningful Foreclosed assets 852 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 and Brokered 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. FHLB Advances The fair values of FHLB advances are estimated using discounted cash flow analyses based on current rates offered for borrowings with similar remaining maturities and characteristics. 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. 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 March 31, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents Level 1 $ 260,212 $ 260,212 $ 141,252 $ 141,252 Debt securities held-to-maturity Level 2 517,472 458,640 521,439 466,496 Restricted stock Level 3 5,155 5,155 7,160 7,160 Loans, net Level 3 3,305,147 3,272,226 3,364,369 3,349,540 Investments in unconsolidated subsidiaries Level 3 1,614 1,614 1,614 1,614 Accrued interest receivable Level 2 23,117 23,117 24,534 24,534 Financial liabilities: Time deposits Level 3 713,142 705,385 627,253 619,682 Brokered time deposits Level 3 55,762 55,782 144,880 144,944 Securities sold under agreements to repurchase Level 2 31,864 31,864 42,442 42,442 FHLB advances Level 3 12,725 12,524 12,623 12,621 Subordinated notes Level 3 39,494 37,031 39,474 36,993 Junior subordinated debentures Level 3 52,804 48,682 52,789 48,529 Accrued interest payable Level 2 6,316 6,316 6,969 6,969 The Company estimated the fair value of lending related commitments as described in Note 14 to be immaterial based on limited interest rate exposure due to their variable nature, short-term commitment periods, and termination clauses provided in the agreements. 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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
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) March 31, 2024 December 31, 2023 Commitments to extend credit $ 894,571 $ 869,013 Standby letters of credit 24,753 23,732 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 Lending-related Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The allowance for credit losses on unfunded commitments is included in other liabilities on the consolidated balance sheets and is adjusted through a charge to provision for credit loss expense on the consolidated statements of income. The allowance for credit losses on unfunded commitments estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The allowance for credit losses on unfunded commitments was $3.8 million and $3.8 million as of March 31, 2024 and December 31, 2023, respectively. Legal Contingencies In the normal course of business, the Company, or its subsidiaries, are involved in various legal proceedings. In the opinion of management, any liability resulting from pending proceedings would not be expected to have a material adverse effect on the Company's consolidated financial statements. DeBaere, et al v. Heartland Bank and Trust Company The Bank was 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 was 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. Definitive settlement agreements reflecting the terms of the agreement in principle were approved by the Court on December 15, 2023 in the DeBaere, et al case and on February 16, 2024 in the Miller, et al case. The Bank made the one-time cash payments totaling $3.4 million during the fourth 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. An initial $2.6 million accrual was recognized in other noninterest expense during the fourth quarter of 2022, reflecting management’s best estimate at that time, and an additional $0.8 million accrual was recognized in other noninterest expense during the second quarter of 2023, following the agreement in principle to settle both the DeBaere, et al 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. On March 29, 2024, the Bank reached an agreement in principle to settle this case in which the Bank would make a one-time cash payment of $0.3 million, without admitting fault, to release the Bank from further liability and claims in the case. If the proposed settlement agreement is approved by the Court and is not subject to appeal, the Bank will make a one-time cash payment of $0.3 million. The proposed settlement does 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 case. The Bank has agreed in principle to the settlement to avoid the cost, risks, and distraction of continued litigation. The Company believes the proposed settlement is in the best interests of the Company and its shareholders. An initial accrual of $0.2 million was recorded during the fourth quarter of 2023, reflecting management's best estimate at that time, and an additional $0.1 million accrual was recorded during the first quarter of 2024. As of March 31, 2024 and December 31, 2023, the Company had $0.3 million and $0.2 million accrued related to this matter, respectively.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
NET INCOME	$ 15,258	$ 9,208

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
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)	3 Months Ended
	Mar. 31, 2024
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 financial products and services to consumers, 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, 2023, filed with the SEC on March 6, 2024. 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.
Low Income Housing Tax Credits	Low Income Housing Tax Credits The Company holds an ownership interest in a limited liability company, as a limited partner, that invests in affordable housing projects. This investment is designed to generate a return primarily through the realization of federal tax credits and deductions, which may be subject to recapture by taxing authorities if compliance requirements are not met. The Company accounts for its low income housing investments using the proportional amortization method. The Company’s investment in the qualified affordable housing project meets the definition of a variable interest entity ("VIE") as the entity is structured such that the limited partner investors lack substantive voting rights. The managing member has both the power to direct the activities that most significantly impact the economic performance of the entity and the obligation to absorb losses or the right to receive benefits that could be significant to the entity. Accordingly, the Company is not the primary beneficiary and is not required to consolidate this entity. The Company's maximum exposure to loss is limited to the carrying amount of the investment, which was $7.5 million as of March 31, 2024.
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 and Recent Accounting Pronouncements	Impact of Recently Adopted Accounting Standards On January 1, 2024, the Company adopted 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. The Company adopted ASU 2023-02 using the modified retrospective method. The Company recorded a $0.1 million increase to retained earnings and decrease to deferred tax liability, as well as a $7.2 million increase to other assets and other liabilities, as a result of the adoption. 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 did not have an 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 did not have an impact on the Company’s consolidated results of operations or financial position. Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 expands disclosure requirements for significant segment expenses under Topic 280. The amendments require public entities to disclose significant expense categories for each reportable segment, other segment items, the title and position of the chief operating decision-maker, and interim disclosures of certain segment-related information previously required only on an annual basis. The amendments clarify that entities reporting single segments must disclose both the new and existing segment disclosures under Topic 280, and a public entity is permitted to disclose multiple measures of segment profit or loss if certain criteria are met. The amendments in this update are effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 31, 2024. ASU 2023-07 must be applied on a retrospective basis. 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 December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 expands income tax disclosure requirements. The amendments require annual disclosure of certain information relating to the rate reconciliation, income taxes paid by jurisdiction, income (loss) from continuing operations before income tax expense (benefit) disaggregated between domestic and foreign, income tax expense (benefit) from continuing operations disaggregated by federal (national), state, and foreign. The amendments also eliminate certain requirements relating to unrecognized tax benefits and certain deferred tax disclosure relating to subsidiaries and corporate joint ventures. The amendments in this update are effective for years beginning after December 15, 2024. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. 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.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2 - Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 - Significant unobservable inputs that reflect a Company’s own assumptions about the assumptions that market participants would use in pricing as asset or liability. The Company uses fair value to measure certain assets and liabilities on a recurring basis, such as investment securities, mortgage servicing rights, and derivatives. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period, and such measurements are therefore considered "nonrecurring" for purposes of disclosing the Company's fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for loans held for sale, collateral-dependent loans, bank premises held for sale, and foreclosed assets. Recurring Basis The following is a description of the methods and significant assumptions used to measure the fair value of assets and liabilities on a recurring basis. 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. 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. 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. 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 generally indicate fair value of the held for sale loans is greater than cost. Loans held for sale have been classified as Level 2. Collateral-Dependent Loans Periodically, a collateral-dependent loan is evaluated individually and is reported at the fair value of the underlying collateral, less estimated costs to sell, if repayment is expected solely from the collateral. If the collateral value is not sufficient, a specific reserve is recorded. Collateral values are estimated using recent appraisals and customized discounting criteria. Due to the significance of unobservable inputs, fair values of collateral-dependent loans have been classified as Level 3. 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 recent appraisals and customized discounting criteria. Due to the significance of unobservable inputs, fair values of collateral-dependent loans have been classified as Level 3. 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 recent appraisals and customized discounting criteria. Due to the significance of unobservable inputs, fair values of collateral-dependent loans have been classified as Level 3. 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 and Brokered 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. FHLB Advances The fair values of FHLB advances are estimated using discounted cash flow analyses based on current rates offered for borrowings with similar remaining maturities and characteristics. 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.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Schedule of expenses incurred related to the acquisition	During the three months ended March 31, 2023, HBT Financial incurred the following expenses related to the acquisition of Town and Country: (dollars in thousands) Three Months Ended March 31, 2023 PROVISION FOR CREDIT LOSSES $ 5,924 NONINTEREST EXPENSE Salaries 3,518 Data processing 1,855 Marketing and customer relations 14 Legal fees and other noninterest expense 1,753 Total noninterest expense 7,140 Total Town and Country acquisition-related expenses $ 13,064
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 301 Restricted stock 2,822 Loans held for sale 1,612 Loans, before allowance for credit losses 635,376 Allowance for credit losses (1,247) Loans, net of allowance for credit losses 634,129 Bank owned life insurance 15,782 Bank premises and equipment 14,828 Foreclosed assets 271 Intangible assets 22,282 Mortgage servicing rights 10,469 Investments in unconsolidated subsidiaries 449 Accrued interest receivable 3,113 Other assets 8,940 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 (dollars in thousands, except per share data) Three Months Ended March 31, 2023 Total revenues (net interest income and noninterest income) $ 57,770 Net income 10,015 Earnings per share - basic 0.31 Earnings per share - diluted 0.31

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: U.S. Treasury $ 149,697 $ — $ (11,511) $ — $ 138,186 U.S. government agency 53,836 — (3,377) — 50,459 Municipal 156,403 1 (21,756) — 134,648 Mortgage-backed: Agency residential 183,553 51 (15,058) — 168,546 Agency commercial 138,873 2 (14,400) — 124,475 Corporate 57,694 — (4,988) — 52,706 Total available-for-sale $ 740,056 $ 54 $ (71,090) $ — $ 669,020 March 31, 2024 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Held-to-maturity: U.S. government agency $ 88,454 $ — $ (8,977) $ 79,477 $ — Municipal 38,459 158 (351) 38,266 — Mortgage-backed: Agency residential 93,737 — (6,497) 87,240 — Agency commercial 296,822 — (43,165) 253,657 — Total held-to-maturity $ 517,472 $ 158 $ (58,990) $ 458,640 $ — December 31, 2023 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value Available-for-sale: U.S. Treasury $ 159,715 $ — $ (11,093) $ — $ 148,622 U.S. government agency 55,359 — (3,262) — 52,097 Municipal 229,030 26 (23,499) — 205,557 Mortgage-backed: Agency residential 188,641 61 (14,718) — 173,984 Agency commercial 141,214 3 (14,205) — 127,012 Corporate 57,665 9 (5,485) — 52,189 Total available-for-sale $ 831,624 $ 99 $ (72,262) $ — $ 759,461 December 31, 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 $ 88,448 $ — $ (8,292) $ 80,156 $ — Municipal 38,442 394 (163) 38,673 — Mortgage-backed: Agency residential 95,828 — (5,569) 90,259 — Agency commercial 298,721 — (41,313) 257,408 — Total held-to-maturity $ 521,439 $ 394 $ (55,337) $ 466,496 $ — The following table presents gross unrealized losses and fair value of debt securities available-for-sale that do not have an associated allowance for credit losses as of March 31, 2024 and December 31, 2023, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position: March 31, 2024 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 $ — $ — $ (11,511) $ 138,186 $ (11,511) $ 138,186 U.S. government agency — — (3,377) 50,432 (3,377) 50,432 Municipal (10) 2,648 (21,746) 131,224 (21,756) 133,872 Mortgage-backed: Agency residential (32) 7,947 (15,026) 155,172 (15,058) 163,119 Agency commercial (10) 913 (14,390) 123,480 (14,400) 124,393 Corporate (7) 1,987 (4,981) 50,706 (4,988) 52,693 Total available-for-sale $ (59) $ 13,495 $ (71,031) $ 649,200 $ (71,090) $ 662,695 December 31, 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 $ — $ — $ (11,093) $ 148,622 $ (11,093) $ 148,622 U.S. government agency (2) 168 (3,260) 51,910 (3,262) 52,078 Municipal (26) 4,749 (23,473) 194,287 (23,499) 199,036 Mortgage-backed: Agency residential (163) 9,354 (14,555) 156,785 (14,718) 166,139 Agency commercial (26) 3,016 (14,179) 123,404 (14,205) 126,420 Corporate (414) 4,361 (5,071) 45,826 (5,485) 50,187 Total available-for-sale $ (631) $ 21,648 $ (71,631) $ 720,834 $ (72,262) $ 742,482
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 March 31, 2024, 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 $ 46,701 $ 45,715 $ 2,791 $ 2,789 Due after 1 year through 5 years 193,559 179,686 44,748 42,300 Due after 5 years through 10 years 155,271 132,382 73,706 67,434 Due after 10 years 22,099 18,216 5,668 5,220 Mortgage-backed: Agency residential 183,553 168,546 93,737 87,240 Agency commercial 138,873 124,475 296,822 253,657 Total $ 740,056 $ 669,020 $ 517,472 $ 458,640
Schedule of sales of debt securities	Sales of debt securities were as follows during the three months ended March 31: Three Months Ended March 31, (dollars in thousands) 2024 2023 Proceeds from sales $ 66,812 $ 145,844 Gross realized gains — — Gross realized losses (3,382) (1,007)
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: March 31, 2024 (dollars in thousands) Readily No Readily Initial cost $ 3,124 $ 2,957 Cumulative net unrealized gains (losses) 200 (335) Carrying value $ 3,324 $ 2,622 December 31, 2023 (dollars in thousands) Readily No Readily Initial cost $ 3,143 $ 2,840 Cumulative net unrealized gains (losses) 217 (335) Carrying value $ 3,360 $ 2,505
Schedule of unrealized gains (losses) on equity securities	Unrealized gains (losses) on equity securities were as follows during the three months ended March 31, 2024 and 2023: Three Months Ended March 31, (dollars in thousands) 2024 2023 Readily determinable fair value $ (16) $ 116 No readily determinable fair value — (138) Unrealized gains (losses) on equity securities $ (16) $ (22)

LOANS AND RELATED ALLOWANCE F_2

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]
Summary of Loans	Major categories of loans are summarized as follows: (dollars in thousands) March 31, 2024 December 31, 2023 Commercial and industrial $ 402,206 $ 427,800 Commercial real estate - owner occupied 294,967 295,842 Commercial real estate - non-owner occupied 890,251 880,681 Construction and land development 345,991 363,983 Multi-family 421,573 417,923 One-to-four family residential 485,948 491,508 Agricultural and farmland 287,205 287,294 Municipal, consumer, and other 217,821 239,386 Loans, before allowance for credit losses 3,345,962 3,404,417 Allowance for credit losses (40,815) (40,048) Loans, net of allowance for credit losses $ 3,305,147 $ 3,364,369
Schedule of activity in allowance for loan losses	The following tables detail activity in the allowance for credit losses: Three Months Ended March 31, 2024 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Beginning balance $ 4,980 $ 2,272 $ 7,714 $ 5,998 $ 3,837 $ 5,204 $ 975 $ 9,068 $ 40,048 Provision for credit losses 239 (117) 2,102 (454) 8 (421) 32 (829) 560 Charge-offs (15) — — — — (21) — (191) (227) Recoveries 26 2 242 1 — 84 7 72 434 Ending balance $ 5,230 $ 2,157 $ 10,058 $ 5,545 $ 3,845 $ 4,846 $ 1,014 $ 8,120 $ 40,815 Three Months Ended March 31, 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 loan losses 387 619 305 1,139 526 1,081 305 739 5,101 Charge-offs — (3) — — — (22) — (117) (142) Recoveries 19 12 74 3 — 58 1 87 254 Ending balance $ 2,932 $ 2,535 $ 7,840 $ 7,574 $ 2,151 $ 4,165 $ 2,674 $ 8,905 $ 38,776 The following tables present loans and the related allowance for credit losses by category: March 31, 2024 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: Collectively evaluated for impairment $ 401,036 $ 294,322 $ 875,344 $ 345,775 $ 421,257 $ 479,840 $ 287,061 $ 202,934 $ 3,307,569 Individually evaluated for impairment 1,170 645 14,907 216 316 6,108 144 14,887 38,393 Total $ 402,206 $ 294,967 $ 890,251 $ 345,991 $ 421,573 $ 485,948 $ 287,205 $ 217,821 $ 3,345,962 Allowance for credit losses: Collectively evaluated for impairment $ 4,882 $ 2,157 $ 9,224 $ 5,545 $ 3,845 $ 4,603 $ 1,014 $ 5,414 $ 36,684 Individually evaluated for impairment 348 — 834 — — 243 — 2,706 4,131 Total $ 5,230 $ 2,157 $ 10,058 $ 5,545 $ 3,845 $ 4,846 $ 1,014 $ 8,120 $ 40,815 December 31, 2023 (dollars in thousands) Commercial Commercial Commercial Construction Multi-Family One-to-four Agricultural Municipal, Total Loan balances: Collectively evaluated for impairment $ 427,528 $ 295,672 $ 865,394 $ 363,767 $ 417,608 $ 486,049 $ 287,150 $ 224,345 $ 3,367,513 Individually evaluated for impairment 272 170 15,287 216 315 5,459 144 15,041 36,904 Total $ 427,800 $ 295,842 $ 880,681 $ 363,983 $ 417,923 $ 491,508 $ 287,294 $ 239,386 $ 3,404,417 Allowance for loan losses: Collectively evaluated for impairment $ 4,960 $ 2,272 $ 6,693 $ 5,998 $ 3,837 $ 4,957 $ 975 $ 6,137 $ 35,829 Individually evaluated for impairment 20 — 1,021 — — 247 — 2,931 4,219 Total $ 4,980 $ 2,272 $ 7,714 $ 5,998 $ 3,837 $ 5,204 $ 975 $ 9,068 $ 40,048
Schedule of gross charge-offs, further sorted by origination year	Gross charge-offs, further sorted by origination year, were as follows during the three months ended March 31, 2024 and 2023. Gross Charge-Offs for the Three Months Ended March 31, 2024 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2024 2023 2022 2021 2020 Prior Commercial and industrial $ — $ 3 $ — $ — $ — $ 11 $ 1 $ — $ 15 Commercial real estate - owner occupied — — — — — — — — — Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — 3 — — 6 12 — 21 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 44 56 6 — — — 85 — 191 Total $ 44 $ 59 $ 9 $ — $ — $ 17 $ 98 $ — $ 227 Gross Charge-Offs for the Three Months Ended March 31, 2023 Term Loans by Origination Year Revolving Revolving Total (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial and industrial $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied — 3 — — — — — — 3 Commercial real estate - non-owner occupied — — — — — — — — — Construction and land development — — — — — — — — — Multi-family — — — — — — — — — One-to-four family residential — — — — 1 21 — — 22 Agricultural and farmland — — — — — — — — — Municipal, consumer, and other 35 53 — 9 — — 20 — 117 Total $ 35 $ 56 $ — $ 9 $ 1 $ 21 $ 20 $ — $ 142
Schedule of amortized cost of collateral dependent loans	The following tables present 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: March 31, 2024 Amortized Cost Allowance Primary Collateral Type (dollars in thousands) Real Estate Vehicles Other Total Commercial and industrial $ — $ 895 $ 275 $ 1,170 $ 348 Commercial real estate - owner occupied 645 — — 645 — Commercial real estate - non-owner occupied 14,907 — — 14,907 834 Construction and land development 216 — — 216 — Multi-family 316 — — 316 — One-to-four family residential 6,108 — — 6,108 243 Agricultural and farmland 144 — — 144 — Municipal, consumer, and other 14,817 48 22 14,887 2,706 Total $ 37,153 $ 943 $ 297 $ 38,393 $ 4,131 December 31, 2023 Amortized Cost Allowance Primary Collateral Type (dollars in thousands) Real Estate Vehicles Other Total Commercial and industrial $ — $ 37 $ 235 $ 272 $ 20 Commercial real estate - owner occupied 170 — — 170 — Commercial real estate - non-owner occupied 15,287 — — 15,287 1,021 Construction and land development 216 — — 216 — Multi-family 315 — — 315 — One-to-four family residential 5,459 — — 5,459 247 Agricultural and farmland 144 — — 144 — Municipal, consumer, and other 14,978 39 24 15,041 2,931 Total $ 36,569 $ 76 $ 259 $ 36,904 $ 4,219
Schedule of recorded investment on past due basis	The following tables present loans by category based on current payment and accrual status: March 31, 2024 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total Commercial and industrial $ 400,152 $ 884 $ — $ 1,170 $ 402,206 Commercial real estate - owner occupied 294,148 174 — 645 294,967 Commercial real estate - non-owner occupied 885,963 2,645 — 1,643 890,251 Construction and land development 345,775 — — 216 345,991 Multi-family 421,142 115 — 316 421,573 One-to-four family residential 478,351 2,143 — 5,454 485,948 Agricultural and farmland 286,977 84 — 144 287,205 Municipal, consumer, and other 217,629 123 — 69 217,821 Total $ 3,330,137 $ 6,168 $ — $ 9,657 $ 3,345,962 December 31, 2023 Accruing Interest (dollars in thousands) Current 30 - 89 Days 90+ Days Nonaccrual Total Commercial and industrial $ 427,300 $ 228 $ — $ 272 $ 427,800 Commercial real estate - owner occupied 295,672 — — 170 295,842 Commercial real estate - non-owner occupied 878,591 255 — 1,835 880,681 Construction and land development 363,735 32 — 216 363,983 Multi-family 417,597 11 — 315 417,923 One-to-four family residential 484,969 1,735 — 4,804 491,508 Agricultural and farmland 286,820 330 — 144 287,294 Municipal, consumer, and other 239,033 252 37 64 239,386 Total $ 3,393,717 $ 2,843 $ 37 $ 7,820 $ 3,404,417
Schedule of non-accrual loans	The following tables present nonaccrual loans with and without a related allowance for credit losses: March 31, 2024 (dollars in thousands) Nonaccrual Nonaccrual Total Commercial and industrial $ 1,057 $ 113 $ 1,170 Commercial real estate - owner occupied — 645 645 Commercial real estate - non-owner occupied — 1,643 1,643 Construction and land development 216 — 216 Multi-family — 316 316 One-to-four family residential 145 5,309 5,454 Agricultural and farmland — 144 144 Municipal, consumer, and other — 69 69 Total $ 1,418 $ 8,239 $ 9,657 December 31, 2023 (dollars in thousands) Nonaccrual Nonaccrual Total Commercial and industrial $ 120 $ 152 $ 272 Commercial real estate - owner occupied — 170 170 Commercial real estate - non-owner occupied 188 1,647 1,835 Construction and land development 216 — 216 Multi-family — 315 315 One-to-four family residential 14 4,790 4,804 Agricultural and farmland — 144 144 Municipal, consumer, and other — 64 64 Total $ 538 $ 7,282 $ 7,820
Schedule of loans by category risk ratings	The following tables present loans by category based on their assigned risk ratings determined by management: March 31, 2024 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total Commercial and industrial $ 388,483 $ 8,882 $ 4,841 $ — $ 402,206 Commercial real estate - owner occupied 275,346 12,611 7,010 — 294,967 Commercial real estate - non-owner occupied 825,513 40,095 24,643 — 890,251 Construction and land development 333,565 12,154 272 — 345,991 Multi-family 401,541 19,716 316 — 421,573 One-to-four family residential 466,266 7,000 12,682 — 485,948 Agricultural and farmland 276,427 7,092 3,686 — 287,205 Municipal, consumer, and other 201,083 1,732 15,006 — 217,821 Total $ 3,168,224 $ 109,282 $ 68,456 $ — $ 3,345,962 December 31, 2023 (dollars in thousands) Pass Pass-Watch Substandard Doubtful Total Commercial and industrial $ 419,494 $ 7,128 $ 1,178 $ — $ 427,800 Commercial real estate - owner occupied 275,649 14,072 6,121 — 295,842 Commercial real estate - non-owner occupied 822,012 33,283 25,386 — 880,681 Construction and land development 351,087 12,604 292 — 363,983 Multi-family 397,951 19,656 316 — 417,923 One-to-four family residential 472,355 6,671 12,482 — 491,508 Agricultural and farmland 280,867 3,071 3,356 — 287,294 Municipal, consumer, and other 222,474 1,721 15,191 — 239,386 Total $ 3,241,889 $ 98,206 $ 64,322 $ — $ 3,404,417
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 March 31, 2024: (dollars in thousands) Term Loans by Origination Year Revolving Revolving Total 2024 2023 2022 2021 2020 Prior Commercial and industrial Pass $ 17,320 $ 73,281 $ 55,707 $ 17,771 $ 24,591 $ 33,691 $ 162,876 $ 3,246 $ 388,483 Pass-Watch — 3,490 1,374 955 124 1,161 766 1,012 8,882 Substandard — 1,311 65 27 42 — 2,942 454 4,841 Total $ 17,320 $ 78,082 $ 57,146 $ 18,753 $ 24,757 $ 34,852 $ 166,584 $ 4,712 $ 402,206 Commercial real estate - owner occupied Pass $ 7,568 $ 27,742 $ 63,093 $ 54,117 $ 52,110 $ 57,399 $ 13,250 $ 67 $ 275,346 Pass-Watch 352 3,199 919 5,070 1,414 1,657 — — 12,611 Substandard — 3,141 84 1,180 61 1,061 1,483 — 7,010 Total $ 7,920 $ 34,082 $ 64,096 $ 60,367 $ 53,585 $ 60,117 $ 14,733 $ 67 $ 294,967 Commercial real estate - non-owner occupied Pass $ 11,210 $ 124,093 $ 246,855 $ 234,215 $ 87,338 $ 110,263 $ 9,840 $ 1,699 $ 825,513 Pass-Watch — 790 6,824 6,925 348 11,383 13,586 239 40,095 Substandard — 13,274 124 — — 11,245 — — 24,643 Total $ 11,210 $ 138,157 $ 253,803 $ 241,140 $ 87,686 $ 132,891 $ 23,426 $ 1,938 $ 890,251 Construction and land development Pass $ 25,805 $ 133,857 $ 107,186 $ 42,022 $ 9,070 $ 3,170 $ 12,194 $ 261 $ 333,565 Pass-Watch 152 1,919 8,423 — — 19 804 837 12,154 Substandard — — 216 — — 56 — — 272 Total $ 25,957 $ 135,776 $ 115,825 $ 42,022 $ 9,070 $ 3,245 $ 12,998 $ 1,098 $ 345,991 Multi-family Pass $ 5,042 $ 83,616 $ 81,575 $ 117,281 $ 52,554 $ 56,099 $ 4,893 $ 481 $ 401,541 Pass-Watch 400 2,703 7,161 — 8,816 629 — 7 19,716 Substandard — — — 316 — — — — 316 Total $ 5,442 $ 86,319 $ 88,736 $ 117,597 $ 61,370 $ 56,728 $ 4,893 $ 488 $ 421,573 One-to-four family residential Pass $ 14,674 $ 98,623 $ 90,394 $ 78,700 $ 62,792 $ 61,198 $ 53,859 $ 6,026 $ 466,266 Pass-Watch 365 2,039 283 931 605 2,296 202 279 7,000 Substandard 70 1,527 1,523 547 564 5,517 — 2,934 12,682 Total $ 15,109 $ 102,189 $ 92,200 $ 80,178 $ 63,961 $ 69,011 $ 54,061 $ 9,239 $ 485,948 Agricultural and farmland Pass $ 17,509 $ 43,295 $ 35,500 $ 34,208 $ 31,935 $ 12,397 $ 100,006 $ 1,577 $ 276,427 Pass-Watch 137 2,878 794 94 27 761 2,355 46 7,092 Substandard 331 — — 12 3,199 144 — — 3,686 Total $ 17,977 $ 46,173 $ 36,294 $ 34,314 $ 35,161 $ 13,302 $ 102,361 $ 1,623 $ 287,205 Municipal, Consumer, and other Pass $ 8,181 $ 38,222 $ 49,651 $ 27,623 $ 13,490 $ 42,611 $ 21,305 $ — $ 201,083 Pass-Watch — 10 31 11 — 1,676 4 — 1,732 Substandard 31 64 62 — — 14,825 24 — 15,006 Total $ 8,212 $ 38,296 $ 49,744 $ 27,634 $ 13,490 $ 59,112 $ 21,333 $ — $ 217,821 Total by Risk Rating Pass $ 107,309 $ 622,729 $ 729,961 $ 605,937 $ 333,880 $ 376,828 $ 378,223 $ 13,357 $ 3,168,224 Pass-Watch 1,406 17,028 25,809 13,986 11,334 19,582 17,717 2,420 109,282 Substandard 432 19,317 2,074 2,082 3,866 32,848 4,449 3,388 68,456 Total $ 109,147 $ 659,074 $ 757,844 $ 622,005 $ 349,080 $ 429,258 $ 400,389 $ 19,165 $ 3,345,962

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	3 Months Ended
	Mar. 31, 2024
Transfers and Servicing [Abstract]
Schedule of activity in mortgage servicing rights	Activity in mortgage servicing rights is as follows: Three Months Ended March 31, (dollars in thousands) 2024 2023 Beginning balance $ 19,001 $ 10,147 Acquired — 10,469 Capitalized servicing rights 130 129 Fair value adjustments attributable to payments and principal reductions (429) (431) Fair value adjustments attributable to changes in valuation inputs and assumptions 379 (322) Ending balance $ 19,081 $ 19,992

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	3 Months Ended
	Mar. 31, 2024
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Schedule of foreclosed assets activity	Foreclosed assets activity is as follows: Three Months Ended March 31, (dollars in thousands) 2024 2023 Beginning balance $ 852 $ 3,030 Acquired — 271 Transfers from loans 203 105 Proceeds from sales (865) (40) Net gain on sales 113 20 Direct write-downs (26) (30) Ending balance $ 277 $ 3,356
Schedule of gains (losses) on foreclosed assets	Gains (losses) on foreclosed assets includes the following: Three Months Ended March 31, (dollars in thousands) 2024 2023 Direct write-downs $ (26) $ (30) Net gain on sales 113 20 Gains (losses) on foreclosed assets $ 87 $ (10)

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Schedule of Company's interest-bearing deposits	The Company’s deposits are summarized below: (dollars in thousands) March 31, 2024 December 31, 2023 Noninterest-bearing deposits $ 1,047,074 $ 1,072,407 Interest-bearing deposits: Interest-bearing demand 1,139,172 1,145,092 Money market 802,685 803,381 Savings 602,739 608,424 Time 713,142 627,253 Brokered 55,762 144,880 Total interest-bearing deposits 3,313,500 3,329,030 Total deposits $ 4,360,574 $ 4,401,437
Schedule of interest expense on deposits	The components of interest expense on deposits are as follows: Three Months Ended March 31, (dollars in thousands) 2024 2023 Interest-bearing demand $ 1,311 $ 458 Money market 4,797 935 Savings 443 178 Time 5,925 803 Brokered 1,117 — Total interest expense on deposits $ 13,593 $ 2,374

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 December 31, 2023 (dollars in thousands) Notional Fair Notional Fair Fair value recorded in other assets $ 17,000 $ 254 $ 17,000 $ 322
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 (dollars in thousands) 2024 2023 Designated as cash flow hedges: Junior subordinated debentures interest expense $ 132 $ 94
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: March 31, 2024 December 31, 2023 (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 93,199 7,507 94,497 6,227 Total fair value recorded in other assets $ 93,199 $ 7,507 $ 94,497 $ 6,227 Fair value recorded in other liabilities: Interest rate swaps with a commercial borrower counterparty $ 93,199 $ (7,507) $ 94,497 $ (6,227) Interest rate swaps with a financial institution counterparty — — — — Total fair value recorded in other liabilities $ 93,199 $ (7,507) $ 94,497 $ (6,227)
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 (dollars in thousands) 2024 2023 Not designated as hedging instruments: Gross gains $ 2,038 $ 2,737 Gross losses (2,038) (2,737) Net gains (losses) $ — $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 Balance, December 31, 2023 $ (48,579) $ (8,549) $ (35) $ (57,163) Other comprehensive income (loss) before reclassifications (2,255) — 64 (2,191) Reclassifications 3,382 501 (132) 3,751 Other comprehensive income (loss), before tax 1,127 501 (68) 1,560 Income tax expense (benefit) 322 143 (20) 445 Other comprehensive income (loss), after tax 805 358 (48) 1,115 Balance, March 31, 2024 $ (47,774) $ (8,191) $ (83) $ (56,048) Three Months Ended March 31, 2023 Balance, December 31, 2022 $ (61,998) $ (9,946) $ 185 $ (71,759) Other comprehensive income (loss) before reclassifications 11,443 — (40) 11,403 Reclassifications 1,607 490 (94) 2,003 Other comprehensive income (loss), before tax 13,050 490 (134) 13,406 Income tax expense (benefit) 3,720 140 (38) 3,822 Other comprehensive income (loss), after tax 9,330 350 (96) 9,584 Balance, March 31, 2023 $ (52,668) $ (9,596) $ 89 $ (62,175)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, (dollars in thousands) 2024 2023 Numerator: Net income $ 15,258 $ 9,208 Earnings allocated to participating securities — (5) Numerator for earnings per share - basic and diluted $ 15,258 $ 9,203 Denominator: Weighted average common shares outstanding 31,662,954 30,977,204 Dilutive effect of outstanding restricted stock units 140,233 69,947 Weighted average common shares outstanding, including all dilutive potential shares 31,803,187 31,047,151 Earnings per share - Basic $ 0.48 $ 0.30 Earnings per share - Diluted $ 0.48 $ 0.30

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, (dollars in thousands) 2024 2023 Restricted stock units $ 273 $ 277 Performance restricted stock units 236 240 Total awards classified as equity 509 517 Stock appreciation rights (129) 1 Total stock-based compensation expense $ 380 $ 518
Schedule of the summary of outstanding restricted stock units	The following is a summary of restricted stock unit activity: Three Months Ended March 31, 2024 2023 Restricted Weighted Restricted Weighted Beginning balance 128,159 $ 19.56 139,986 $ 18.01 Granted 51,246 19.06 41,847 22.72 Vested (70,540) 18.96 (51,693) 17.91 Forfeited — — (718) 16.58 Ending balance 108,865 $ 19.71 129,422 $ 19.58 The following is a summary of performance restricted stock unit activity: Three Months Ended March 31, 2024 2023 Performance Weighted Performance Weighted Beginning balance 79,097 $ 18.25 62,067 $ 17.02 Granted 19,933 19.06 17,030 22.72 Adjustment for performance condition 14,349 15.53 — — Vested (43,046) 15.53 — — Forfeited — — — — Ending balance 70,333 $ 19.59 79,097 $ 18.25
Schedule of the status of stock appreciation rights and changes	The following is a summary of stock appreciation rights activity: Three Months Ended March 31, 2024 2023 Stock Weighted Stock Weighted Beginning balance 73,440 $ 16.32 73,440 $ 16.32 Granted — — — — Exercised — — — — Expired — — — — Forfeited — — — — Ending balance 73,440 $ 16.32 73,440 $ 16.32
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. March 31, 2024 December 31, 2023 Risk-free interest rate 4.21 % 3.85 % Expected volatility 37.35 % 37.37 % Expected life (in years) 5.4 5.7 Expected dividend yield 3.99 % 3.22 %

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 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) $ 611,371 15.79 % $ 309,672 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 532,901 13.77 232,254 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 481,711 12.44 174,190 4.50 N/A N/A Tier 1 Capital (to Average Assets) 532,901 10.65 200,131 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 597,680 15.45 % $ 309,434 8.00 % $ 386,792 10.00 % Tier 1 Capital (to Risk Weighted Assets) 558,704 14.44 232,075 6.00 309,434 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 558,704 14.44 174,056 4.50 251,415 6.50 Tier 1 Capital (to Average Assets) 558,704 11.17 199,999 4.00 249,999 5.00 December 31, 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) $ 603,234 15.33 % $ 314,814 8.00 % N/A N/A Tier 1 Capital (to Risk Weighted Assets) 527,964 13.42 236,110 6.00 N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 476,789 12.12 177,083 4.50 N/A N/A Tier 1 Capital (to Average Assets) 527,964 10.49 201,231 4.00 N/A N/A Heartland Bank and Trust Company Total Capital (to Risk Weighted Assets) $ 586,604 14.92 % $ 314,496 8.00 % $ 393,119 10.00 % Tier 1 Capital (to Risk Weighted Assets) 550,808 14.01 235,872 6.00 314,496 8.00 Common Equity Tier 1 Capital (to Risk Weighted Assets) 550,808 14.01 176,904 4.50 255,528 6.50 Tier 1 Capital (to Average Assets) 550,808 10.96 201,063 4.00 251,329 5.00

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Summary of assets measured at fair value on a recurring basis	The following tables summarize assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 by level within the fair value hierarchy: March 31, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Total Debt securities available-for-sale: U.S. Treasury $ 138,186 $ — $ — $ 138,186 U.S. government agency — 50,459 — 50,459 Municipal — 134,648 — 134,648 Mortgage-backed: Agency residential — 168,546 — 168,546 Agency commercial — 124,475 — 124,475 Corporate — 52,706 — 52,706 Equity securities with readily determinable fair values 3,324 — — 3,324 Mortgage servicing rights — — 19,081 19,081 Derivative financial assets — 7,761 — 7,761 Derivative financial liabilities — 7,507 — 7,507 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Debt securities available-for-sale: U.S. Treasury $ 148,622 $ — $ — $ 148,622 U.S. government agency — 52,097 — 52,097 Municipal — 205,557 — 205,557 Mortgage-backed: Agency residential — 173,984 — 173,984 Agency commercial — 127,012 — 127,012 Corporate — 52,189 — 52,189 Equity securities with readily determinable fair values 3,360 — — 3,360 Mortgage servicing rights — — 19,001 19,001 Derivative financial assets — 6,549 — 6,549 Derivative financial liabilities — 6,227 — 6,227
Schedule of quantitative information about the unobservable inputs used in recurring Level 3 fair value measurements	The following tables present additional information about the unobservable inputs used in the fair value measurement of the mortgage servicing rights (dollars in thousands): March 31, 2024 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 19,081 Discounted cash flows Constant pre-payment rates (CPR) 6.4% to 59.7% (8.6%) Discount rate 9.0% to 55.0% (9.8%) December 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range Mortgage servicing rights $ 19,001 Discounted cash flows Constant pre-payment rates (CPR) 6.2% to 49.4% (8.4%) Discount rate 9.0% to 37.3% (9.6%)
Summary of assets measured at fair value on a nonrecurring basis	The following tables summarize assets measured at fair value on a nonrecurring basis as of March 31, 2024 and December 31, 2023 by level within the fair value hierarchy: March 31, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Total Loans held for sale $ — $ 3,479 $ — $ 3,479 Collateral-dependent loans — — 34,262 34,262 Bank premises held for sale — — 317 317 Foreclosed assets — — 277 277 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Loans held for sale $ — $ 2,318 $ — $ 2,318 Collateral-dependent loans — — 32,685 32,685 Foreclosed assets — — 852 852
Schedule of quantitative information about the unobservable inputs used in non-recurring Level 3 fair value measurements	The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements (dollars in thousands): March 31, 2024 Fair Valuation Unobservable Inputs Range Collateral-dependent loans $ 34,262 Appraisal of collateral Appraisal adjustments Not meaningful Bank premises held for sale 317 Appraisal Appraisal adjustments 7% (7%) Foreclosed assets 277 Appraisal Appraisal adjustments 7% (7%) December 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Collateral-dependent loans $ 32,685 Appraisal of collateral Appraisal adjustments Not meaningful Foreclosed assets 852 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 March 31, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents Level 1 $ 260,212 $ 260,212 $ 141,252 $ 141,252 Debt securities held-to-maturity Level 2 517,472 458,640 521,439 466,496 Restricted stock Level 3 5,155 5,155 7,160 7,160 Loans, net Level 3 3,305,147 3,272,226 3,364,369 3,349,540 Investments in unconsolidated subsidiaries Level 3 1,614 1,614 1,614 1,614 Accrued interest receivable Level 2 23,117 23,117 24,534 24,534 Financial liabilities: Time deposits Level 3 713,142 705,385 627,253 619,682 Brokered time deposits Level 3 55,762 55,782 144,880 144,944 Securities sold under agreements to repurchase Level 2 31,864 31,864 42,442 42,442 FHLB advances Level 3 12,725 12,524 12,623 12,621 Subordinated notes Level 3 39,494 37,031 39,474 36,993 Junior subordinated debentures Level 3 52,804 48,682 52,789 48,529 Accrued interest payable Level 2 6,316 6,316 6,969 6,969

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of commitments and conditional obligations	Such commitments and conditional obligations were as follows: Contractual Amount (dollars in thousands) March 31, 2024 December 31, 2023 Commitments to extend credit $ 894,571 $ 869,013 Standby letters of credit 24,753 23,732

ACCOUNTING POLICIES - (Details)

ACCOUNTING POLICIES - (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Maximum loss exposure, amount	$ 7,500
Number of segments | segment	1
Stockholders’ equity	$ 496,681	$ 489,496	$ 450,098	$ 373,632
Other assets	60,542	55,239
Other liabilities	46,368	34,909
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders’ equity	$ 278,353	269,051	$ 228,782	232,004
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders’ equity		116		(6,922)
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2023-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in deferred tax liabilities		100
Other assets		7,200
Other liabilities		7,200
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders’ equity		116		$ (6,922)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | Accounting Standards Update 2023-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders’ equity		$ 100

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Feb. 01, 2023	Sep. 30, 2023	Mar. 31, 2024	Dec. 31, 2023
NONINTEREST EXPENSE
Goodwill			$ 59,820	$ 59,820
Town and Country
NONINTEREST EXPENSE
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
Business acquisition, equity interest issued or issuable (in shares)	3,378,600
Cash consideration	$ 37,996
Share price (in dollars per share)	$ 21.12
Business combination, consideration transferred	$ 109,352
Maximum period for refinement of fair values from closing date	1 year
Adjustment, income tax assets and liabilities		$ 100
Goodwill	$ 30,498

ACQUISITIONS - Acquisition-rela

ACQUISITIONS - Acquisition-related expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
NONINTEREST EXPENSE
Provision for credit losses	$ (560)	$ (5,101)
NONINTEREST EXPENSE
Marketing and customer relations	996	836
Total noninterest expense	31,268	35,933
Town and Country
NONINTEREST EXPENSE
Provision for credit losses		5,924
NONINTEREST EXPENSE
Salaries		3,518
Data processing		1,855
Marketing and customer relations		14
Legal fees and other noninterest expense		1,753
Total noninterest expense		7,140
Total Town and Country acquisition-related expenses	$ 0	$ 13,064

ACQUISITIONS - Assets Acquired

ACQUISITIONS - Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Feb. 01, 2023	Mar. 31, 2024	Dec. 31, 2023
Consideration paid:
Goodwill		$ 59,820	$ 59,820
Town and Country
Assets acquired:
Cash and cash equivalents	$ 23,542
Interest-bearing time deposits with banks	249
Debt securities	167,869
Equity securities	301
Restricted stock	2,822
Loans held for sale	1,612
Loans, before allowance for credit losses	635,376
Allowance for credit losses	(1,247)
Loans, net of allowance for credit losses	634,129
Bank owned life insurance	15,782
Bank premises and equipment	14,828
Foreclosed assets	271
Intangible assets	22,282
Mortgage servicing rights	10,469
Investments in unconsolidated subsidiaries	449
Accrued interest receivable	3,113
Other assets	8,940
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) - USD ($) $ in Thousands		3 Months Ended	11 Months Ended
	Feb. 01, 2023	Mar. 31, 2023	Dec. 31, 2023
NONINTEREST EXPENSE
Allowance for credit losses at acquisition		$ (1,247)
Town and Country
NONINTEREST EXPENSE
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 $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares
NONINTEREST EXPENSE
Total revenues (net interest income and noninterest income) | $	$ 57,770
Net income | $	$ 10,015
Earnings per share - basic (in dollars per share) | $ / shares	$ 0.31
Earnings per share - diluted (in dollars per share) | $ / shares	$ 0.31

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) security	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
SECURITIES
Number of securities in an unrealized loss position for a period of twelve months or more | security	690
Number of securities in an unrealized loss position for a period of less than twelve months | security	73
Debt securities, available-for-sale, accrued interest	$ 5,400			$ 6,000
Proceeds from sale of equity securities	20		$ 0
Impairments of downward adjustments	200
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
Municipal
SECURITIES
Percentage of securities with general obligation issue	73%
Corporate
SECURITIES
Provision for credit losses increase (decrease)		$ (600)	$ 600
Assets Pledged
SECURITIES
Carrying value of securities pledged to secure public and trust deposits	$ 388,800			$ 419,400

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and Fair values of securities with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale:
Amortized Cost	$ 740,056	$ 831,624
Gross Unrealized Gains	54	99
Gross Unrealized Losses	(71,090)	(72,262)
Allowance for Credit Losses	0	0
Fair Value	669,020	759,461
Held-to-maturity
Amortized Cost	517,472	521,439
Gross Unrealized Gains	158	394
Gross Unrealized Losses	(58,990)	(55,337)
Fair Value	458,640	466,496
Allowance for Credit Losses	0	0
U.S. Treasury
Available-for-sale:
Amortized Cost	149,697	159,715
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(11,511)	(11,093)
Allowance for Credit Losses	0	0
Fair Value	138,186	148,622
U.S. government agency
Available-for-sale:
Amortized Cost	53,836	55,359
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,377)	(3,262)
Allowance for Credit Losses	0	0
Fair Value	50,459	52,097
Held-to-maturity
Amortized Cost	88,454	88,448
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(8,977)	(8,292)
Fair Value	79,477	80,156
Allowance for Credit Losses	0	0
Municipal
Available-for-sale:
Amortized Cost	156,403	229,030
Gross Unrealized Gains	1	26
Gross Unrealized Losses	(21,756)	(23,499)
Allowance for Credit Losses	0	0
Fair Value	134,648	205,557
Held-to-maturity
Amortized Cost	38,459	38,442
Gross Unrealized Gains	158	394
Gross Unrealized Losses	(351)	(163)
Fair Value	38,266	38,673
Allowance for Credit Losses	0	0
Agency residential
Available-for-sale:
Amortized Cost	183,553	188,641
Gross Unrealized Gains	51	61
Gross Unrealized Losses	(15,058)	(14,718)
Allowance for Credit Losses	0	0
Fair Value	168,546	173,984
Held-to-maturity
Amortized Cost	93,737	95,828
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6,497)	(5,569)
Fair Value	87,240	90,259
Allowance for Credit Losses	0	0
Agency commercial
Available-for-sale:
Amortized Cost	138,873	141,214
Gross Unrealized Gains	2	3
Gross Unrealized Losses	(14,400)	(14,205)
Allowance for Credit Losses	0	0
Fair Value	124,475	127,012
Held-to-maturity
Amortized Cost	296,822	298,721
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(43,165)	(41,313)
Fair Value	253,657	257,408
Allowance for Credit Losses	0	0
Corporate
Available-for-sale:
Amortized Cost	57,694	57,665
Gross Unrealized Gains	0	9
Gross Unrealized Losses	(4,988)	(5,485)
Allowance for Credit Losses	0	0
Fair Value	$ 52,706	$ 52,189

SECURITIES - Amortized cost a_2

SECURITIES - Amortized cost and Fair values of securities with maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due in 1 year or less	$ 46,701
Due after 1 year through 5 years	193,559
Due after 5 years through 10 years	155,271
Due after 10 years	22,099
Total	740,056
Fair Value
Due in 1 year or less	45,715
Due after 1 year through 5 years	179,686
Due after 5 years through 10 years	132,382
Due after 10 years	18,216
Fair Value	669,020	$ 759,461
Amortized Cost
Due in 1 year or less	2,791
Due after 1 year through 5 years	44,748
Due after 5 years through 10 years	73,706
Due after 10 years	5,668
Total	517,472
Fair Value
Due in 1 year or less	2,789
Due after 1 year through 5 years	42,300
Due after 5 years through 10 years	67,434
Due after 10 years	5,220
Fair Value	458,640	466,496
Agency residential
Amortized Cost
Total	183,553
Fair Value
Fair Value	168,546	173,984
Amortized Cost
Total	93,737
Fair Value
Fair Value	87,240	90,259
Agency commercial
Amortized Cost
Total	138,873
Fair Value
Fair Value	124,475	127,012
Amortized Cost
Total	296,822
Fair Value
Fair Value	$ 253,657	$ 257,408

SECURITIES - Investments in a C

SECURITIES - Investments in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Unrealized Loss
Less than 12 Months	$ (59)	$ (631)
12 Months or More	(71,031)	(71,631)
Total	(71,090)	(72,262)
Fair Value
Less than 12 Months	13,495	21,648
12 Months or More	649,200	720,834
Total	662,695	742,482
U.S. Treasury
Unrealized Loss
Less than 12 Months	0	0
12 Months or More	(11,511)	(11,093)
Total	(11,511)	(11,093)
Fair Value
Less than 12 Months	0	0
12 Months or More	138,186	148,622
Total	138,186	148,622
U.S. government agency
Unrealized Loss
Less than 12 Months	0	(2)
12 Months or More	(3,377)	(3,260)
Total	(3,377)	(3,262)
Fair Value
Less than 12 Months	0	168
12 Months or More	50,432	51,910
Total	50,432	52,078
Municipal
Unrealized Loss
Less than 12 Months	(10)	(26)
12 Months or More	(21,746)	(23,473)
Total	(21,756)	(23,499)
Fair Value
Less than 12 Months	2,648	4,749
12 Months or More	131,224	194,287
Total	133,872	199,036
Agency residential
Unrealized Loss
Less than 12 Months	(32)	(163)
12 Months or More	(15,026)	(14,555)
Total	(15,058)	(14,718)
Fair Value
Less than 12 Months	7,947	9,354
12 Months or More	155,172	156,785
Total	163,119	166,139
Agency commercial
Unrealized Loss
Less than 12 Months	(10)	(26)
12 Months or More	(14,390)	(14,179)
Total	(14,400)	(14,205)
Fair Value
Less than 12 Months	913	3,016
12 Months or More	123,480	123,404
Total	124,393	126,420
Corporate
Unrealized Loss
Less than 12 Months	(7)	(414)
12 Months or More	(4,981)	(5,071)
Total	(4,988)	(5,485)
Fair Value
Less than 12 Months	1,987	4,361
12 Months or More	50,706	45,826
Total	$ 52,693	$ 50,187

SECURITIES - Sale of debt secur

SECURITIES - Sale of debt securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	$ 66,812	$ 145,844
Gross realized gains	0	0
Gross realized losses	$ (3,382)	$ (1,007)

SECURITIES - Equity securities

SECURITIES - Equity securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Readily Determinable Fair Value
Initial cost	$ 3,124	$ 3,143
Cumulative net unrealized gains (losses)	200	217
Carrying value	3,324	3,360
No Readily Determinable Fair Value
Initial cost	2,957	2,840
Cumulative net unrealized gains (losses)	(335)	(335)
Carrying value	$ 2,622	$ 2,505

SECURITIES - Sale and Gain (los

SECURITIES - Sale and Gain (loss) on securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net unrealized gains (losses) on equity securities:
Readily determinable fair value	$ (16)	$ 116
No readily determinable fair value	0	(138)
Unrealized gains (losses) on equity securities	$ (16)	$ (22)

LOANS AND RELATED ALLOWANCE F_3

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Categories of loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,345,962	$ 3,404,417
Allowance for credit losses	(40,815)	(40,048)	$ (38,776)	$ (25,333)
Loans, net of allowance for credit losses	3,305,147	3,364,369
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	402,206	427,800
Allowance for credit losses	(5,230)	(4,980)	(2,932)	(3,279)
Commercial real estate - owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	294,967	295,842
Allowance for credit losses	(2,157)	(2,272)	(2,535)	(1,193)
Commercial real estate - non-owner occupied
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	890,251	880,681
Allowance for credit losses	(10,058)	(7,714)	(7,840)	(6,721)
Construction and land development
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	345,991	363,983
Allowance for credit losses	(5,545)	(5,998)	(7,574)	(4,223)
Multi-family
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	421,573	417,923
Allowance for credit losses	(3,845)	(3,837)	(2,151)	(1,472)
One-to-four family residential
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	485,948	491,508
Allowance for credit losses	(4,846)	(5,204)	(4,165)	(1,759)
Agricultural and farmland
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	287,205	287,294
Allowance for credit losses	(1,014)	(975)	(2,674)	(796)
Municipal, consumer, and other
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	217,821	239,386
Allowance for credit losses	$ (8,120)	$ (9,068)	$ (8,905)	$ (5,890)

LOANS AND RELATED ALLOWANCE F_4

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Activity in Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 40,048	$ 25,333
PCD allowance established in acquisition		1,247
Provision for credit losses	560	5,101
Charge-offs	(227)	(142)
Recoveries	434	254
Ending balance	40,815	38,776
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,980	3,279
PCD allowance established in acquisition		69
Provision for credit losses	239	387
Charge-offs	(15)	0
Recoveries	26	19
Ending balance	5,230	2,932
Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,272	1,193
PCD allowance established in acquisition		127
Provision for credit losses	(117)	619
Charge-offs	0	(3)
Recoveries	2	12
Ending balance	2,157	2,535
Commercial real estate - non-owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	7,714	6,721
PCD allowance established in acquisition		239
Provision for credit losses	2,102	305
Charge-offs	0	0
Recoveries	242	74
Ending balance	10,058	7,840
Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,998	4,223
PCD allowance established in acquisition		240
Provision for credit losses	(454)	1,139
Charge-offs	0	0
Recoveries	1	3
Ending balance	5,545	7,574
Multi-family
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,837	1,472
PCD allowance established in acquisition		68
Provision for credit losses	8	526
Charge-offs	0	0
Recoveries	0	0
Ending balance	3,845	2,151
One-to-four family residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,204	1,759
PCD allowance established in acquisition		492
Provision for credit losses	(421)	1,081
Charge-offs	(21)	(22)
Recoveries	84	58
Ending balance	4,846	4,165
Agricultural and farmland
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	975	796
PCD allowance established in acquisition		5
Provision for credit losses	32	305
Charge-offs	0	0
Recoveries	7	1
Ending balance	1,014	2,674
Municipal, consumer, and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	9,068	5,890
PCD allowance established in acquisition		7
Provision for credit losses	(829)	739
Charge-offs	(191)	(117)
Recoveries	72	87
Ending balance	8,120	$ 8,905
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	6,983
Cumulative Effect, Period of Adoption, Adjustment | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	(822)
Cumulative Effect, Period of Adoption, Adjustment | Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	587
Cumulative Effect, Period of Adoption, Adjustment | Commercial real estate - non-owner occupied
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	501
Cumulative Effect, Period of Adoption, Adjustment | Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,969
Cumulative Effect, Period of Adoption, Adjustment | Multi-family
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	85
Cumulative Effect, Period of Adoption, Adjustment | One-to-four family residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	797
Cumulative Effect, Period of Adoption, Adjustment | Agricultural and farmland
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,567
Cumulative Effect, Period of Adoption, Adjustment | Municipal, consumer, and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 2,299

LOANS AND RELATED ALLOWANCE F_5

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Gross Chargeoffs by Origination Year (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Term Loans by Origination Year
Gross write-offs, year one	$ 44	$ 35
Gross write-offs, year two	59	56
Gross write-offs year three	9	0
Gross write-offs, year four	0	9
Gross write-offs, year five	0	1
Gross write-offs, prior	17	21
Revolving Loans	98	20
Revolving Loans Converted to Term	0	0
Total	227	142
Commercial and industrial
Term Loans by Origination Year
Gross write-offs, year one	0	0
Gross write-offs, year two	3	0
Gross write-offs year three	0	0
Gross write-offs, year four	0	0
Gross write-offs, year five	0	0
Gross write-offs, prior	11	0
Revolving Loans	1	0
Revolving Loans Converted to Term	0	0
Total	15	0
Commercial real estate - owner occupied
Term Loans by Origination Year
Gross write-offs, year one	0	0
Gross write-offs, year two	0	3
Gross write-offs year three	0	0
Gross write-offs, year four	0	0
Gross write-offs, year five	0	0
Gross write-offs, prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	0	3
Commercial real estate - non-owner occupied
Term Loans by Origination Year
Gross write-offs, year one	0	0
Gross write-offs, year two	0	0
Gross write-offs year three	0	0
Gross write-offs, year four	0	0
Gross write-offs, year five	0	0
Gross write-offs, prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	0	0
Construction and land development
Term Loans by Origination Year
Gross write-offs, year one	0	0
Gross write-offs, year two	0	0
Gross write-offs year three	0	0
Gross write-offs, year four	0	0
Gross write-offs, year five	0	0
Gross write-offs, prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	0	0
Multi-family
Term Loans by Origination Year
Gross write-offs, year one	0	0
Gross write-offs, year two	0	0
Gross write-offs year three	0	0
Gross write-offs, year four	0	0
Gross write-offs, year five	0	0
Gross write-offs, prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	0	0
One-to-four family residential
Term Loans by Origination Year
Gross write-offs, year one	0	0
Gross write-offs, year two	0	0
Gross write-offs year three	3	0
Gross write-offs, year four	0	0
Gross write-offs, year five	0	1
Gross write-offs, prior	6	21
Revolving Loans	12	0
Revolving Loans Converted to Term	0	0
Total	21	22
Agricultural and farmland
Term Loans by Origination Year
Gross write-offs, year one	0	0
Gross write-offs, year two	0	0
Gross write-offs year three	0	0
Gross write-offs, year four	0	0
Gross write-offs, year five	0	0
Gross write-offs, prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	0	0
Municipal, consumer, and other
Term Loans by Origination Year
Gross write-offs, year one	44	35
Gross write-offs, year two	56	53
Gross write-offs year three	6	0
Gross write-offs, year four	0	9
Gross write-offs, year five	0	0
Gross write-offs, prior	0	0
Revolving Loans	85	20
Revolving Loans Converted to Term	0	0
Total	$ 191	$ 117

LOANS AND RELATED ALLOWANCE F_6

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Recorded investments in loans and the allowance for loan losses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loan balances:
Collectively evaluated for impairment	$ 3,307,569	$ 3,367,513
Individually evaluated for impairment	38,393	36,904
Total	3,345,962	3,404,417
Allowance for loan losses:
Collectively evaluated for impairment	36,684	35,829
Individually evaluated for impairment	4,131	4,219
Allowance for Credit Losses	40,815	40,048	$ 38,776	$ 25,333
Commercial and industrial
Loan balances:
Collectively evaluated for impairment	401,036	427,528
Individually evaluated for impairment	1,170	272
Total	402,206	427,800
Allowance for loan losses:
Collectively evaluated for impairment	4,882	4,960
Individually evaluated for impairment	348	20
Allowance for Credit Losses	5,230	4,980	2,932	3,279
Commercial real estate - owner occupied
Loan balances:
Collectively evaluated for impairment	294,322	295,672
Individually evaluated for impairment	645	170
Total	294,967	295,842
Allowance for loan losses:
Collectively evaluated for impairment	2,157	2,272
Individually evaluated for impairment	0	0
Allowance for Credit Losses	2,157	2,272	2,535	1,193
Commercial real estate - non-owner occupied
Loan balances:
Collectively evaluated for impairment	875,344	865,394
Individually evaluated for impairment	14,907	15,287
Total	890,251	880,681
Allowance for loan losses:
Collectively evaluated for impairment	9,224	6,693
Individually evaluated for impairment	834	1,021
Allowance for Credit Losses	10,058	7,714	7,840	6,721
Construction and land development
Loan balances:
Collectively evaluated for impairment	345,775	363,767
Individually evaluated for impairment	216	216
Total	345,991	363,983
Allowance for loan losses:
Collectively evaluated for impairment	5,545	5,998
Individually evaluated for impairment	0	0
Allowance for Credit Losses	5,545	5,998	7,574	4,223
Multi-family
Loan balances:
Collectively evaluated for impairment	421,257	417,608
Individually evaluated for impairment	316	315
Total	421,573	417,923
Allowance for loan losses:
Collectively evaluated for impairment	3,845	3,837
Individually evaluated for impairment	0	0
Allowance for Credit Losses	3,845	3,837	2,151	1,472
One-to-four family residential
Loan balances:
Collectively evaluated for impairment	479,840	486,049
Individually evaluated for impairment	6,108	5,459
Total	485,948	491,508
Allowance for loan losses:
Collectively evaluated for impairment	4,603	4,957
Individually evaluated for impairment	243	247
Allowance for Credit Losses	4,846	5,204	4,165	1,759
Agricultural and farmland
Loan balances:
Collectively evaluated for impairment	287,061	287,150
Individually evaluated for impairment	144	144
Total	287,205	287,294
Allowance for loan losses:
Collectively evaluated for impairment	1,014	975
Individually evaluated for impairment	0	0
Allowance for Credit Losses	1,014	975	2,674	796
Municipal, consumer, and other
Loan balances:
Collectively evaluated for impairment	202,934	224,345
Individually evaluated for impairment	14,887	15,041
Total	217,821	239,386
Allowance for loan losses:
Collectively evaluated for impairment	5,414	6,137
Individually evaluated for impairment	2,706	2,931
Allowance for Credit Losses	$ 8,120	$ 9,068	$ 8,905	$ 5,890

LOANS AND RELATED ALLOWANCE F_7

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Amortized cost of collateralized loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	$ 3,345,962	$ 3,404,417
Allowance for Credit Losses	40,815	40,048	$ 38,776	$ 25,333
Financing receivable, accrued interest, before allowance for credit loss	17,300	18,400
Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	38,393	36,904
Allowance for Credit Losses	4,131	4,219
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	37,153	36,569
Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	943	76
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	297	259
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	402,206	427,800
Allowance for Credit Losses	5,230	4,980	2,932	3,279
Commercial and industrial | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	1,170	272
Allowance for Credit Losses	348	20
Commercial and industrial | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Commercial and industrial | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	895	37
Commercial and industrial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	275	235
Commercial real estate - owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	294,967	295,842
Allowance for Credit Losses	2,157	2,272	2,535	1,193
Commercial real estate - owner occupied | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	645	170
Allowance for Credit Losses	0	0
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	645	170
Commercial real estate - owner occupied | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Commercial real estate - owner occupied | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Commercial real estate - non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	890,251	880,681
Allowance for Credit Losses	10,058	7,714	7,840	6,721
Commercial real estate - non-owner occupied | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	14,907	15,287
Allowance for Credit Losses	834	1,021
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	14,907	15,287
Commercial real estate - non-owner occupied | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Commercial real estate - non-owner occupied | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	345,991	363,983
Allowance for Credit Losses	5,545	5,998	7,574	4,223
Construction and land development | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	216	216
Allowance for Credit Losses	0	0
Construction and land development | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	216	216
Construction and land development | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Construction and land development | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	421,573	417,923
Allowance for Credit Losses	3,845	3,837	2,151	1,472
Multi-family | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	316	315
Allowance for Credit Losses	0	0
Multi-family | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	316	315
Multi-family | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Multi-family | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	485,948	491,508
Allowance for Credit Losses	4,846	5,204	4,165	1,759
One-to-four family residential | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	6,108	5,459
Allowance for Credit Losses	243	247
One-to-four family residential | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	6,108	5,459
One-to-four family residential | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
One-to-four family residential | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Agricultural and farmland
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	287,205	287,294
Allowance for Credit Losses	1,014	975	2,674	796
Agricultural and farmland | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	144	144
Allowance for Credit Losses	0	0
Agricultural and farmland | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	144	144
Agricultural and farmland | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Agricultural and farmland | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Municipal, consumer, and other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	217,821	239,386
Allowance for Credit Losses	8,120	9,068	$ 8,905	$ 5,890
Municipal, consumer, and other | Collateral Dependant
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	14,887	15,041
Allowance for Credit Losses	2,706	2,931
Municipal, consumer, and other | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	14,817	14,978
Municipal, consumer, and other | Vehicles
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	48	39
Municipal, consumer, and other | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Amortized Cost	$ 22	$ 24

LOANS AND RELATED ALLOWANCE F_8

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Past Due Status (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,345,962	$ 3,404,417
Total Nonaccrual	9,657	7,820
Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,330,137	3,393,717
30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	6,168	2,843
90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	37
Commercial and industrial
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	402,206	427,800
Total Nonaccrual	1,170	272
Commercial and industrial | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	400,152	427,300
Commercial and industrial | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	884	228
Commercial and industrial | 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	294,967	295,842
Total Nonaccrual	645	170
Commercial real estate - owner occupied | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	294,148	295,672
Commercial real estate - owner occupied | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	174	0
Commercial real estate - owner occupied | 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	890,251	880,681
Total Nonaccrual	1,643	1,835
Commercial real estate - non-owner occupied | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	885,963	878,591
Commercial real estate - non-owner occupied | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	2,645	255
Commercial real estate - non-owner occupied | 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	345,991	363,983
Total Nonaccrual	216	216
Construction and land development | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	345,775	363,735
Construction and land development | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	0	32
Construction and land development | 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	421,573	417,923
Total Nonaccrual	316	315
Multi-family | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	421,142	417,597
Multi-family | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	115	11
Multi-family | 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	485,948	491,508
Total Nonaccrual	5,454	4,804
One-to-four family residential | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	478,351	484,969
One-to-four family residential | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	2,143	1,735
One-to-four family residential | 90+ Days Past Due
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	287,205	287,294
Total Nonaccrual	144	144
Agricultural and farmland | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	286,977	286,820
Agricultural and farmland | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	84	330
Agricultural and farmland | 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	217,821	239,386
Total Nonaccrual	69	64
Municipal, consumer, and other | Current
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	217,629	239,033
Municipal, consumer, and other | 30 - 89 Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	123	252
Municipal, consumer, and other | 90+ Days Past Due
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 0	$ 37

LOANS AND RELATED ALLOWANCE F_9

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Non-accrual loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	$ 1,418	$ 538
Nonaccrual With No Allowance for Credit Losses	8,239	7,282
Total Nonaccrual	9,657	7,820
Commercial and industrial
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	1,057	120
Nonaccrual With No Allowance for Credit Losses	113	152
Total Nonaccrual	1,170	272
Commercial real estate - owner occupied
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0	0
Nonaccrual With No Allowance for Credit Losses	645	170
Total Nonaccrual	645	170
Commercial real estate - non-owner occupied
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0	188
Nonaccrual With No Allowance for Credit Losses	1,643	1,647
Total Nonaccrual	1,643	1,835
Construction and land development
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	216	216
Nonaccrual With No Allowance for Credit Losses	0	0
Total Nonaccrual	216	216
Multi-family
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0	0
Nonaccrual With No Allowance for Credit Losses	316	315
Total Nonaccrual	316	315
One-to-four family residential
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	145	14
Nonaccrual With No Allowance for Credit Losses	5,309	4,790
Total Nonaccrual	5,454	4,804
Agricultural and farmland
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0	0
Nonaccrual With No Allowance for Credit Losses	144	144
Total Nonaccrual	144	144
Municipal, consumer, and other
Financing receivable, nonaccrual
Nonaccrual With Allowance for Credit Losses	0	0
Nonaccrual With No Allowance for Credit Losses	69	64
Total Nonaccrual	$ 69	$ 64

LOANS AND RELATED ALLOWANCE _10

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Assigned Risk Ratings (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 3,345,962	$ 3,404,417
Internal review threshold	750
Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,168,224	3,241,889
Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	109,282	98,206
Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	68,456	64,322
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	402,206	427,800
Commercial and industrial | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	388,483	419,494
Commercial and industrial | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	8,882	7,128
Commercial and industrial | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	4,841	1,178
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	294,967	295,842
Commercial real estate - owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	275,346	275,649
Commercial real estate - owner occupied | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	12,611	14,072
Commercial real estate - owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	7,010	6,121
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	890,251	880,681
Commercial real estate - non-owner occupied | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	825,513	822,012
Commercial real estate - non-owner occupied | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	40,095	33,283
Commercial real estate - non-owner occupied | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	24,643	25,386
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	345,991	363,983
Construction and land development | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	333,565	351,087
Construction and land development | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	12,154	12,604
Construction and land development | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	272	292
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	421,573	417,923
Multi-family | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	401,541	397,951
Multi-family | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	19,716	19,656
Multi-family | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	316	316
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	485,948	491,508
One-to-four family residential | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	466,266	472,355
One-to-four family residential | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	7,000	6,671
One-to-four family residential | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	12,682	12,482
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	287,205	287,294
Agricultural and farmland | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	276,427	280,867
Agricultural and farmland | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	7,092	3,071
Agricultural and farmland | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	3,686	3,356
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	217,821	239,386
Municipal, consumer, and other | Pass
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	201,083	222,474
Municipal, consumer, and other | Pass-Watch
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	1,732	1,721
Municipal, consumer, and other | Substandard
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	15,006	15,191
Municipal, consumer, and other | Doubtful
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Loans, before allowance for credit losses	$ 0	$ 0

LOANS AND RELATED ALLOWANCE _11

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Loans risk-rated by origination year (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Term Loans by Origination Year
2024	$ 109,147	$ 710,341
2023	659,074	779,973
2022	757,844	649,375
2021	622,005	355,745
2020	349,080	198,968
Prior	429,258	252,747
Revolving Loans	400,389	438,298
Revolving Loans Converted to Term	19,165	18,970
Total	3,345,962	3,404,417
Pass
Term Loans by Origination Year
2024	107,309	679,058
2023	622,729	750,068
2022	729,961	631,765
2021	605,937	340,462
2020	333,880	188,459
Prior	376,828	216,516
Revolving Loans	378,223	422,824
Revolving Loans Converted to Term	13,357	12,737
Total	3,168,224	3,241,889
Pass-Watch
Term Loans by Origination Year
2024	1,406	13,504
2023	17,028	27,776
2022	25,809	14,493
2021	13,986	11,308
2020	11,334	6,890
Prior	19,582	6,120
Revolving Loans	17,717	15,079
Revolving Loans Converted to Term	2,420	3,036
Total	109,282	98,206
Substandard
Term Loans by Origination Year
2024	432	17,779
2023	19,317	2,129
2022	2,074	3,117
2021	2,082	3,975
2020	3,866	3,619
Prior	32,848	30,111
Revolving Loans	4,449	395
Revolving Loans Converted to Term	3,388	3,197
Total	68,456	64,322
Commercial and industrial
Term Loans by Origination Year
2024	17,320	93,067
2023	78,082	59,777
2022	57,146	20,502
2021	18,753	27,020
2020	24,757	6,022
Prior	34,852	30,021
Revolving Loans	166,584	188,858
Revolving Loans Converted to Term	4,712	2,533
Total	402,206	427,800
Commercial and industrial | Pass
Term Loans by Origination Year
2024	17,320	90,931
2023	73,281	58,364
2022	55,707	19,283
2021	17,771	26,816
2020	24,591	5,269
Prior	33,691	29,550
Revolving Loans	162,876	187,579
Revolving Loans Converted to Term	3,246	1,702
Total	388,483	419,494
Commercial and industrial | Pass-Watch
Term Loans by Origination Year
2024	0	2,025
2023	3,490	1,340
2022	1,374	892
2021	955	144
2020	124	753
Prior	1,161	471
Revolving Loans	766	956
Revolving Loans Converted to Term	1,012	547
Total	8,882	7,128
Commercial and industrial | Substandard
Term Loans by Origination Year
2024	0	111
2023	1,311	73
2022	65	327
2021	27	60
2020	42	0
Prior	0	0
Revolving Loans	2,942	323
Revolving Loans Converted to Term	454	284
Total	4,841	1,178
Commercial real estate - owner occupied
Term Loans by Origination Year
2024	7,920	34,311
2023	34,082	65,258
2022	64,096	62,136
2021	60,367	55,172
2020	53,585	34,206
Prior	60,117	31,210
Revolving Loans	14,733	13,549
Revolving Loans Converted to Term	67	0
Total	294,967	295,842
Commercial real estate - owner occupied | Pass
Term Loans by Origination Year
2024	7,568	27,516
2023	27,742	64,229
2022	63,093	55,376
2021	54,117	53,634
2020	52,110	32,469
Prior	57,399	28,876
Revolving Loans	13,250	13,549
Revolving Loans Converted to Term	67	0
Total	275,346	275,649
Commercial real estate - owner occupied | Pass-Watch
Term Loans by Origination Year
2024	352	4,061
2023	3,199	943
2022	919	5,210
2021	5,070	1,474
2020	1,414	1,573
Prior	1,657	811
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	12,611	14,072
Commercial real estate - owner occupied | Substandard
Term Loans by Origination Year
2024	0	2,734
2023	3,141	86
2022	84	1,550
2021	1,180	64
2020	61	164
Prior	1,061	1,523
Revolving Loans	1,483	0
Revolving Loans Converted to Term	0	0
Total	7,010	6,121
Commercial real estate - non-owner occupied
Term Loans by Origination Year
2024	11,210	135,722
2023	138,157	247,340
2022	253,803	245,252
2021	241,140	89,247
2020	87,686	88,734
Prior	132,891	48,572
Revolving Loans	23,426	23,859
Revolving Loans Converted to Term	1,938	1,955
Total	890,251	880,681
Commercial real estate - non-owner occupied | Pass
Term Loans by Origination Year
2024	11,210	121,536
2023	124,093	240,323
2022	246,855	237,953
2021	234,215	88,894
2020	87,338	82,094
Prior	110,263	39,228
Revolving Loans	9,840	10,274
Revolving Loans Converted to Term	1,699	1,710
Total	825,513	822,012
Commercial real estate - non-owner occupied | Pass-Watch
Term Loans by Origination Year
2024	0	810
2023	790	6,893
2022	6,824	7,013
2021	6,925	353
2020	348	4,230
Prior	11,383	154
Revolving Loans	13,586	13,585
Revolving Loans Converted to Term	239	245
Total	40,095	33,283
Commercial real estate - non-owner occupied | Substandard
Term Loans by Origination Year
2024	0	13,376
2023	13,274	124
2022	124	286
2021	0	0
2020	0	2,410
Prior	11,245	9,190
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	24,643	25,386
Construction and land development
Term Loans by Origination Year
2024	25,957	153,652
2023	135,776	129,971
2022	115,825	56,954
2021	42,022	5,596
2020	9,070	2,662
Prior	3,245	872
Revolving Loans	12,998	12,213
Revolving Loans Converted to Term	1,098	2,063
Total	345,991	363,983
Construction and land development | Pass
Term Loans by Origination Year
2024	25,805	153,499
2023	133,857	119,005
2022	107,186	56,954
2021	42,022	5,596
2020	9,070	2,662
Prior	3,170	796
Revolving Loans	12,194	12,050
Revolving Loans Converted to Term	261	525
Total	333,565	351,087
Construction and land development | Pass-Watch
Term Loans by Origination Year
2024	152	153
2023	1,919	10,750
2022	8,423	0
2021	0	0
2020	0	0
Prior	19	0
Revolving Loans	804	163
Revolving Loans Converted to Term	837	1,538
Total	12,154	12,604
Construction and land development | Substandard
Term Loans by Origination Year
2024	0	0
2023	0	216
2022	216	0
2021	0	0
2020	0	0
Prior	56	76
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	272	292
Multi-family
Term Loans by Origination Year
2024	5,442	87,009
2023	86,319	88,704
2022	88,736	115,718
2021	117,597	61,947
2020	61,370	34,104
Prior	56,728	24,038
Revolving Loans	4,893	5,904
Revolving Loans Converted to Term	488	499
Total	421,573	417,923
Multi-family | Pass
Term Loans by Origination Year
2024	5,042	83,898
2023	83,616	81,507
2022	81,575	115,402
2021	117,281	53,126
2020	52,554	34,053
Prior	56,099	23,570
Revolving Loans	4,893	5,904
Revolving Loans Converted to Term	481	491
Total	401,541	397,951
Multi-family | Pass-Watch
Term Loans by Origination Year
2024	400	3,111
2023	2,703	7,197
2022	7,161	0
2021	0	8,821
2020	8,816	51
Prior	629	468
Revolving Loans	0	0
Revolving Loans Converted to Term	7	8
Total	19,716	19,656
Multi-family | Substandard
Term Loans by Origination Year
2024	0	0
2023	0	0
2022	0	316
2021	316	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	316	316
One-to-four family residential
Term Loans by Origination Year
2024	15,109	109,226
2023	102,189	93,449
2022	92,200	83,852
2021	80,178	65,226
2020	63,961	23,235
Prior	69,011	50,211
Revolving Loans	54,061	57,515
Revolving Loans Converted to Term	9,239	8,794
Total	485,948	491,508
One-to-four family residential | Pass
Term Loans by Origination Year
2024	14,674	105,337
2023	98,623	91,636
2022	90,394	82,289
2021	78,700	64,094
2020	62,792	21,986
Prior	61,198	44,241
Revolving Loans	53,859	57,248
Revolving Loans Converted to Term	6,026	5,524
Total	466,266	472,355
One-to-four family residential | Pass-Watch
Term Loans by Origination Year
2024	365	2,382
2023	2,039	286
2022	283	940
2021	931	486
2020	605	212
Prior	2,296	1,804
Revolving Loans	202	203
Revolving Loans Converted to Term	279	358
Total	7,000	6,671
One-to-four family residential | Substandard
Term Loans by Origination Year
2024	70	1,507
2023	1,527	1,527
2022	1,523	623
2021	547	646
2020	564	1,037
Prior	5,517	4,166
Revolving Loans	0	64
Revolving Loans Converted to Term	2,934	2,912
Total	12,682	12,482
Agricultural and farmland
Term Loans by Origination Year
2024	17,977	53,719
2023	46,173	37,961
2022	36,294	37,042
2021	34,314	37,189
2020	35,161	8,981
Prior	13,302	8,619
Revolving Loans	102,361	100,658
Revolving Loans Converted to Term	1,623	3,125
Total	287,205	287,294
Agricultural and farmland | Pass
Term Loans by Origination Year
2024	17,509	52,766
2023	43,295	37,600
2022	35,500	36,604
2021	34,208	33,960
2020	31,935	8,910
Prior	12,397	7,756
Revolving Loans	100,006	100,486
Revolving Loans Converted to Term	1,577	2,785
Total	276,427	280,867
Agricultural and farmland | Pass-Watch
Term Loans by Origination Year
2024	137	953
2023	2,878	361
2022	794	425
2021	94	30
2020	27	71
Prior	761	719
Revolving Loans	2,355	172
Revolving Loans Converted to Term	46	340
Total	7,092	3,071
Agricultural and farmland | Substandard
Term Loans by Origination Year
2024	331	0
2023	0	0
2022	0	13
2021	12	3,199
2020	3,199	0
Prior	144	144
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Total	3,686	3,356
Municipal, consumer, and other
Term Loans by Origination Year
2024	8,212	43,635
2023	38,296	57,513
2022	49,744	27,919
2021	27,634	14,348
2020	13,490	1,024
Prior	59,112	59,204
Revolving Loans	21,333	35,742
Revolving Loans Converted to Term	0	1
Total	217,821	239,386
Municipal, consumer, and other | Pass
Term Loans by Origination Year
2024	8,181	43,575
2023	38,222	57,404
2022	49,651	27,904
2021	27,623	14,342
2020	13,490	1,016
Prior	42,611	42,499
Revolving Loans	21,305	35,734
Revolving Loans Converted to Term	0	0
Total	201,083	222,474
Municipal, consumer, and other | Pass-Watch
Term Loans by Origination Year
2024	0	9
2023	10	6
2022	31	13
2021	11	0
2020	0	0
Prior	1,676	1,693
Revolving Loans	4	0
Revolving Loans Converted to Term	0	0
Total	1,732	1,721
Municipal, consumer, and other | Substandard
Term Loans by Origination Year
2024	31	51
2023	64	103
2022	62	2
2021	0	6
2020	0	8
Prior	14,825	15,012
Revolving Loans	24	8
Revolving Loans Converted to Term	0	1
Total	$ 15,006	$ 15,191

LOANS AND RELATED ALLOWANCE _12

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Modifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Credit Loss [Abstract]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 0	$ 0

LOANS AND RELATED ALLOWANCE _13

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES - Pledged Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans	$ 3,305,147	$ 3,364,369
Pledged assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans	$ 1,850,000	$ 1,200,000

LOAN SERVICING - Mortgage Servi

LOAN SERVICING - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	$ 19,001
Ending balance	19,081
Mortgage Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Mortgage loans serviced for others	1,640,000		$ 1,660,000
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	19,001	$ 10,147
Acquired	0	10,469
Capitalized servicing rights	130	129
Fair value adjustments attributable to payments and principal reductions	(429)	(431)
Fair value adjustments attributable to changes in valuation inputs and assumptions	379	(322)
Ending balance	$ 19,081	$ 19,992

FORECLOSED ASSETS - Activity (D

FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Real Estate Acquired Through Foreclosure [Roll Forward]
Beginning balance	$ 852	$ 3,030
Acquired	0	271
Transfers from loans	203	105
Proceeds from sales	(865)	(40)
Net gain on sales	113	20
Direct write-downs	(26)	(30)
Ending balance	$ 277	$ 3,356

FORECLOSED ASSETS - Gains (loss

FORECLOSED ASSETS - Gains (losses) on Foreclosed Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Direct write-downs	$ (26)	$ (30)
Net gain on sales	113	20
Gains (losses) on foreclosed assets	$ 87	$ (10)

FORECLOSED ASSETS - Additional

FORECLOSED ASSETS - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) loan	Mar. 31, 2023 USD ($) loan	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 277	$ 3,356	$ 852	$ 3,030
One-to-four family residential real estate property
FORECLOSED ASSETS
Carrying value of foreclosed asset	$ 100		100
Number of loans in the process of foreclosure | loan	20	16
Loan amount in the process of foreclosure	$ 2,000		$ 1,200

DEPOSITS - Interest bearing Dep

DEPOSITS - Interest bearing Deposits, Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
DEPOSITS
Noninterest-bearing	$ 1,047,074	$ 1,072,407
Interest-bearing deposits:
Interest-bearing demand	1,139,172	1,145,092
Money market	802,685	803,381
Savings	602,739	608,424
Time	713,142	627,253
Brokered	55,762	144,880
Total interest-bearing deposits	3,313,500	3,329,030
Total deposits	$ 4,360,574	$ 4,401,437

DEPOSITS - Interest bearing D_2

DEPOSITS - Interest bearing Deposits - Narrative (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Reciprocal transaction deposits, Interest bearing demand deposits	$ 244,100	$ 236,800
Time deposits, at or above FDIC insurance limit	171,400	130,200
Time deposits in denominations of $100,000 or more	$ 406,400	$ 342,800

DEPOSITS - Interest expense on

DEPOSITS - Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Deposits [Abstract]
Interest-bearing demand	$ 1,311	$ 458
Money market	4,797	935
Savings	443	178
Time	5,925	803
Brokered	1,117	0
Total interest expense on deposits	$ 13,593	$ 2,374

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Derivative instrument assets and liabilities (Details) - Designated as Hedging Instrument - Interest Rate Swap - Cash Flow Hedging - Other Assets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	$ 17,000	$ 17,000
Fair value recorded in other assets	$ 254	$ 322

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash pledged	$ 0.4	$ 0.6

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Interest rate contracts designated as cash flow hedges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flow Hedging | Interest Expense
DERIVATIVE FINANCIAL INSTRUMENTS
Amounts of gross gain (loss) reclassified from accumulated other comprehensive income (loss)	$ 132	$ 94

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	Mar. 31, 2024	Dec. 31, 2023
Other Assets
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative asset notional amount	$ 93,199	$ 94,497
Derivative financial assets	7,507	6,227
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	93,199	94,497
Derivative financial assets	7,507	6,227
Other Liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	93,199	94,497
Derivative financial liabilities fair value	(7,507)	(6,227)
Other Liabilities | Commercial Borrower
DERIVATIVE FINANCIAL INSTRUMENTS
Derivative liability notional amount	93,199	94,497
Derivative financial liabilities fair value	(7,507)	(6,227)
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
	Mar. 31, 2024	Mar. 31, 2023
DERIVATIVE FINANCIAL INSTRUMENTS
Net gains (losses)	$ 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
Derivative, Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Gross gains	$ 2,038	$ 2,737
Gross losses	$ (2,038)	$ (2,737)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 489,496	$ 373,632
Other comprehensive income (loss) before reclassifications	(2,191)	11,403
Reclassifications	3,751	2,003
Other comprehensive income (loss), before tax	1,560	13,406
Income tax expense (benefit)	445	3,822
Other comprehensive income (loss), after tax	1,115	9,584
Ending balance	496,681	450,098
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(57,163)	(71,759)
Other comprehensive income (loss), after tax	1,115	9,584
Ending balance	(56,048)	(62,175)
Available-for-Sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(48,579)	(61,998)
Other comprehensive income (loss) before reclassifications	(2,255)	11,443
Reclassifications	3,382	1,607
Other comprehensive income (loss), before tax	1,127	13,050
Income tax expense (benefit)	322	3,720
Other comprehensive income (loss), after tax	805	9,330
Ending balance	(47,774)	(52,668)
Held-to-Maturity
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(8,549)	(9,946)
Other comprehensive income (loss) before reclassifications	0	0
Reclassifications	501	490
Other comprehensive income (loss), before tax	501	490
Income tax expense (benefit)	143	140
Other comprehensive income (loss), after tax	358	350
Ending balance	(8,191)	(9,596)
Derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(35)	185
Other comprehensive income (loss) before reclassifications	64	(40)
Reclassifications	(132)	(94)
Other comprehensive income (loss), before tax	(68)	(134)
Income tax expense (benefit)	(20)	(38)
Other comprehensive income (loss), after tax	(48)	(96)
Ending balance	$ (83)	$ 89

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
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net income	$ 15,258	$ 9,208
Earnings allocated to participating securities	0	(5)
Numerator for earnings per share - basic	15,258	9,203
Numerator for earnings per share - diluted	$ 15,258	$ 9,203
Denominator:
Weighted average shares of common stock outstanding (in shares)	31,662,954	30,977,204
Dilutive effect of outstanding restricted stock units (in shares)	140,233	69,947
Weighted average common shares outstanding, including all dilutive potential shares (in shares)	31,803,187	31,047,151
Earnings per share, basic (in dollars per share)	$ 0.48	$ 0.30
Earnings per share, diluted (in dollars per share)	$ 0.48	$ 0.30

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Restricted stock units
STOCK-BASED COMPENSATION PLANS
Number of shares participant is entitled to receive (in shares)	1
Fair value of units granted	$ 1,000	$ 1,000
Intrinsic value of restricted stock units	1,400	1,100
Unrecognized compensation cost related to non-vested stock-based compensation agreements	$ 1,700
Weighted average remaining service period	1 year 10 months 24 days
Performance restricted stock units
STOCK-BASED COMPENSATION PLANS
Intrinsic value of restricted stock units	$ 800
Unrecognized compensation cost related to non-vested stock-based compensation agreements	$ 600
Weighted average remaining service period	1 year 8 months 12 days
Performance restricted stock units | Share-Based Payment Arrangement, Employee
STOCK-BASED COMPENSATION PLANS
Fair value of units granted	$ 400	$ 400
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
Stock appreciation rights plan liability recorded for the outstanding units	$ 400		$ 600
Stock appreciation rights plan liability recorded for the previously exercised units			$ 200
Weighted average remaining contractual term	5 years 1 month 6 days
Omnibus Incentive Plan
STOCK-BASED COMPENSATION PLANS
Authorized number of shares (in 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
	Mar. 31, 2024	Mar. 31, 2023
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	$ 380	$ 518
Restricted stock units
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	273	277
Performance restricted stock units
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	236	240
Total awards classified as equity
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	509	517
Stock appreciation rights
STOCK-BASED COMPENSATION PLANS
Total stock-based compensation expense	$ (129)	$ 1

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS - Summary of equity award activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock-based compensation plans
Adjustment for performance condition (in shares)	14,349	0
Expirations (in shares)	0	0
Weighted Average Grant Date Assigned Value
Expired (in dollars per share)	$ 0	$ 0
Adjustment for performance condition (in dollars per share)	$ 15.53	$ 0
Restricted stock units
Stock-based compensation plans
Outstanding (in shares)	128,159	139,986
Granted (in shares)	51,246	41,847
Exercised (in shares)	(70,540)	(51,693)
Forfeited (in shares)	0	(718)
Outstanding (in shares)	108,865	129,422
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per share)	$ 19.56	$ 18.01
Granted (in dollars per share)	19.06	22.72
Exercised (in dollars per share)	18.96	17.91
Forfeited (in dollars per share)	0	16.58
Outstanding (in dollars per share)	$ 19.71	$ 19.58
Performance restricted stock units
Stock-based compensation plans
Outstanding (in shares)	79,097	62,067
Granted (in shares)	19,933	17,030
Vested (in shares)	(43,046)	0
Forfeited (in shares)	0	0
Outstanding (in shares)	70,333	79,097
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per share)	$ 18.25	$ 17.02
Granted (in dollars per share)	19.06	22.72
Vested (in dollars per share)	15.53	0
Forfeited (in dollars per share)	0	0
Outstanding (in dollars per share)	$ 19.59	$ 18.25
Stock appreciation rights
Stock-based compensation plans
Outstanding (in shares)	73,440	73,440
Granted (in shares)	0	0
Exercised (in shares)	0	0
Forfeited (in shares)	0	0
Outstanding (in shares)	73,440	73,440
Weighted Average Grant Date Assigned Value
Outstanding (in dollars per share)	$ 16.32	$ 16.32
Granted (in dollars per share)	0	0
Exercised (in dollars per share)	0	0
Forfeited (in dollars per share)	0	0
Outstanding (in dollars per share)	$ 16.32	$ 16.32
Weighted average remaining contractual term	5 years 1 month 6 days

STOCK-BASED COMPENSATION PLAN_5

STOCK-BASED COMPENSATION PLANS - Summary of assumptions used (Details) - Stock appreciation rights	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
STOCK-BASED COMPENSATION PLANS
Risk-free interest rate	4.21%	3.85%
Expected volatility	37.35%	37.37%
Expected life (in years)	5 years 4 months 24 days	5 years 8 months 12 days
Expected dividend yield	3.99%	3.22%

REGULATORY MATTERS - (Details)

REGULATORY MATTERS - (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
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	$ 597,680	$ 586,604
Actual, ratio (as a percent)	0.1545	0.1492
For capital adequacy purposes, amount	$ 309,434	$ 314,496
For capital adequacy purposes, ratio (as a percent).	0.0800	0.0800
To be well capitalized under prompt corrective action provisions, amount	$ 386,792	$ 393,119
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	$ 558,704	$ 550,808
Actual, ratio (as a percent)	0.1444	0.1401
For capital adequacy purposes, amount	$ 232,075	$ 235,872
For capital adequacy purposes, ratio (as a percent)	0.0600	0.0600
To be well capitalized under prompt corrective action provisions, amount	$ 309,434	$ 314,496
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	$ 558,704	$ 550,808
Actual, ratio (as a percent)	14.44%	14.01%
For capital adequacy purposes, amount	$ 174,056	$ 176,904
For capital adequacy purposes, ratio (as a percent)	4.50%	4.50%
To be well capitalized under prompt corrective action provisions, amount	$ 251,415	$ 255,528
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	$ 558,704	$ 550,808
Actual, ratio (as a percent)	0.1117	0.1096
For capital adequacy purposes, amount	$ 199,999	$ 201,063
For capital adequacy purposes, ratio (as a percent)	0.0400	0.0400
To be well capitalized under prompt corrective action provisions, amount	$ 249,999	$ 251,329
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	$ 611,371	$ 603,234
Actual, ratio (as a percent)	0.1579	0.1533
For capital adequacy purposes, amount	$ 309,672	$ 314,814
For capital adequacy purposes, ratio (as a percent).	0.0800	0.0800
Total Capital (to Risk Weighted Assets)
Actual, amount	$ 532,901	$ 527,964
Actual, ratio (as a percent)	0.1377	0.1342
For capital adequacy purposes, amount	$ 232,254	$ 236,110
For capital adequacy purposes, ratio (as a percent)	0.0600	0.0600
Common Equity Tier 1 Capital (to Risk Weighted Assets)
Actual, amount	$ 481,711	$ 476,789
Actual, ratio (as a percent)	12.44%	12.12%
For capital adequacy purposes, amount	$ 174,190	$ 177,083
For capital adequacy purposes, ratio (as a percent)	4.50%	4.50%
Tier 1 Capital (to Average Assets)
Actual, amount	$ 532,901	$ 527,964
Actual, ratio (as a percent)	0.1065	0.1049
For capital adequacy purposes, amount	$ 200,131	$ 201,231
For capital adequacy purposes, ratio (as a percent)	0.0400	0.0400

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	$ 669,020	$ 759,461
Equity securities with readily determinable fair values	3,324	3,360
Mortgage servicing rights, at fair value	19,081	19,001
U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	138,186	148,622
U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	50,459	52,097
Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	134,648	205,557
Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	168,546	173,984
Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	124,475	127,012
Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	52,706	52,189
Fair Value, Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities with readily determinable fair values	3,324	3,360
Mortgage servicing rights, at fair value	19,081	19,001
Derivative financial assets	7,761	6,549
Derivative financial liabilities	7,507	6,227
Fair Value, Recurring | U.S. Treasury
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	138,186	148,622
Fair Value, Recurring | U.S. government agency
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	50,459	52,097
Fair Value, Recurring | Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	134,648	205,557
Fair Value, Recurring | Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	168,546	173,984
Fair Value, Recurring | Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	124,475	127,012
Fair Value, Recurring | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	52,706	52,189
Fair Value, Recurring | Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Equity securities with readily determinable fair values	3,324	3,360
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:	138,186	148,622
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	7,761	6,549
Derivative financial liabilities	7,507	6,227
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:	50,459	52,097
Fair Value, Recurring | Level 2 | Municipal
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	134,648	205,557
Fair Value, Recurring | Level 2 | Agency residential
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	168,546	173,984
Fair Value, Recurring | Level 2 | Agency commercial
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	124,475	127,012
Fair Value, Recurring | Level 2 | Corporate
FAIR VALUE OF FINANCIAL INSTRUMENTS
Debt securities available-for-sale:	52,706	52,189
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	19,081	19,001
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	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 19,081	$ 19,001
Fair Value, Recurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	19,081	19,001
Fair Value, Recurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair Value	$ 19,081	$ 19,001
Fair Value, Recurring | Level 3 | Measurement Input, Constant Prepayment Rate | Minimum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.064	0.062
Fair Value, Recurring | Level 3 | Measurement Input, Constant Prepayment Rate | Maximum
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.597	0.494
Fair Value, Recurring | Level 3 | Measurement Input, Constant Prepayment Rate | Weighted Average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.086	0.084
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	0.550	0.373
Fair Value, Recurring | Level 3 | Measurement Input, Discount Rate | Weighted Average
FAIR VALUE OF FINANCIAL INSTRUMENTS
Measurement input	0.098	0.096

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	$ 3,345,962	$ 3,404,417
Foreclosed assets	277	852
Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	38,393	36,904
Fair Value, Nonrecurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	3,479	2,318
Bank premises held for sale	317
Foreclosed assets	277	852
Fair Value, Nonrecurring | Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	34,262	32,685
Fair Value, Nonrecurring | Level 1
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	0	0
Bank premises held for sale	0
Foreclosed assets	0	0
Fair Value, Nonrecurring | Level 1 | Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	0	0
Fair Value, Nonrecurring | Level 2
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	3,479	2,318
Bank premises held for sale	0
Foreclosed assets	0	0
Fair Value, Nonrecurring | Level 2 | Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	0	0
Fair Value, Nonrecurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans held for sale	0	0
Bank premises held for sale	317
Foreclosed assets	277	852
Fair Value, Nonrecurring | Level 3 | Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	$ 34,262	$ 32,685

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable inputs used in nonrecurring measurements (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	$ 3,345,962	$ 3,404,417
Foreclosed assets	277	852
Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	38,393	36,904
Fair Value, Nonrecurring
FAIR VALUE OF FINANCIAL INSTRUMENTS
Bank premises held for sale	317
Foreclosed assets	277	852
Fair Value, Nonrecurring | Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	34,262	32,685
Fair Value, Nonrecurring | Level 3
FAIR VALUE OF FINANCIAL INSTRUMENTS
Bank premises held for sale	317
Foreclosed assets	$ 277	$ 852
Fair Value, Nonrecurring | Level 3 | Appraisal adjustments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Bank premises held for sale, measurement input	0.07
Foreclosed assets, measurement input	0.07	0.07
Fair Value, Nonrecurring | Level 3 | Collateral Dependant
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans, before allowance for credit losses	$ 34,262	$ 32,685
Fair Value, Nonrecurring | Level 3 | Weighted Average | Appraisal adjustments
FAIR VALUE OF FINANCIAL INSTRUMENTS
Bank premises held for sale, measurement input	0.07
Foreclosed assets, measurement input	0.07	0.07

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Debt securities held-to-maturity	$ 458,640	$ 466,496
Financial liabilities:
FHLB advances	12,725	12,623
Level 1 | Carrying Amount
Financial assets:
Cash and cash equivalents	260,212	141,252
Level 1 | Estimated Fair Value
Financial assets:
Cash and cash equivalents	260,212	141,252
Level 2 | Carrying Amount
Financial assets:
Debt securities held-to-maturity	517,472	521,439
Accrued interest receivable	23,117	24,534
Financial liabilities:
Securities sold under agreements to repurchase	31,864	42,442
Accrued interest payable	6,316	6,969
Level 2 | Estimated Fair Value
Financial assets:
Debt securities held-to-maturity	458,640	466,496
Accrued interest receivable	23,117	24,534
Financial liabilities:
Securities sold under agreements to repurchase	31,864	42,442
Accrued interest payable	6,316	6,969
Level 3 | Carrying Amount
Financial assets:
Restricted stock	5,155	7,160
Loans, net	3,305,147	3,364,369
Investments in unconsolidated subsidiaries	1,614	1,614
Financial liabilities:
Time deposits	713,142	627,253
Brokered time deposits	55,762	144,880
FHLB advances	12,725	12,623
Level 3 | Estimated Fair Value
Financial assets:
Restricted stock	5,155	7,160
Loans, net	3,272,226	3,349,540
Investments in unconsolidated subsidiaries	1,614	1,614
Financial liabilities:
Time deposits	705,385	619,682
Brokered time deposits	55,782	144,944
FHLB advances	12,524	12,621
Subordinated notes | Level 3 | Carrying Amount
Financial liabilities:
Subordinated notes	39,494	39,474
Subordinated notes | Level 3 | Estimated Fair Value
Financial liabilities:
Subordinated notes	37,031	36,993
Junior subordinated debentures | Level 3 | Carrying Amount
Financial liabilities:
Subordinated notes	52,804	52,789
Junior subordinated debentures | Level 3 | Estimated Fair Value
Financial liabilities:
Subordinated notes	$ 48,682	$ 48,529

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES
Off-Balance-Sheet, Credit Loss, Liability	$ 3,800	$ 3,800
Standby letters of credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	24,753	23,732
Commitments to extend credit
COMMITMENTS AND CONTINGENCIES
Financial instruments off-balance sheet credit risks	$ 894,571	$ 869,013

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Legal Contingencies (Details) - USD ($) $ in Thousands			3 Months Ended
	Mar. 29, 2024	May 15, 2023	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
DeBaere and Miller cases
Litigation
Settlement amount		$ 3,400
Accrual included in other noninterest expense					$ 800	$ 2,600
John Pickett Cases
Litigation
Settlement amount	$ 300
Accrual included in other noninterest expense			$ 100	$ 200
Accrual recorded			$ 300	$ 200

Uncategorized Items - hbt-20240

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]