REGULATORY MATTERS

12 Months Ended

Dec. 31, 2023

Banking and Thrift, Other Disclosure [Abstract]

REGULATORY MATTERS

REGULATORY MATTERS

The Company (on a consolidated basis) and the Bank are each subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by the regulators that, if undertaken, could have a direct material effect on the consolidated financial statements of the Company and the Bank. Additionally, the ability of the Company to pay dividends to its stockholders is dependent upon the ability of the Bank to pay dividends to the Company.

Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by regulators about components, risk weightings, and other factors. As allowed under the regulations, the Company and the Bank elected to exclude accumulated other comprehensive income, including unrealized gains and losses on debt securities, in the computation of regulatory capital. Prompt corrective action provisions are not applicable to bank holding companies.

Additionally, the Company and the Bank must maintain a “capital conservation buffer” to avoid becoming subject to restrictions on capital distributions and certain discretionary bonus payments to management. As of December 31, 2023 and 2022, the capital conservation buffer was 2.5% of risk-weighted assets.

As of 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:

	December 31, 2023
	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
(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

	December 31, 2022
	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
Consolidated HBT Financial, Inc.
Total Capital (to Risk Weighted Assets)	$	516,556	16.27	%	$	254,052	8.00	%	N/A		N/A
Tier 1 Capital (to Risk Weighted Assets)	451,828		14.23		190,539		6.00		N/A		N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets)	415,213		13.07		142,904		4.50		N/A		N/A
Tier 1 Capital (to Average Assets)	451,828		10.48		172,427		4.00		N/A		N/A
Heartland Bank and Trust Company
Total Capital (to Risk Weighted Assets)	$	489,316	15.43	%	$	253,643	8.00	%	$	317,054	10.00	%
Tier 1 Capital (to Risk Weighted Assets)	463,983		14.63		190,233		6.00		253,643		8.00
Common Equity Tier 1 Capital (to Risk Weighted Assets)	463,983		14.63		142,674		4.50		206,085		6.50
Tier 1 Capital (to Average Assets)	463,983		10.78		172,240		4.00		215,300		5.00