XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.24.3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, 2024 and December 31, 2023 by level within the fair value hierarchy:
|  | September 30, 2024
(dollars in thousands) |  | Level 1 Inputs |  | Level 2 Inputs |  | Level 3 Inputs |  | Total Fair Value
Debt securities available-for-sale: |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | — |  |  | $ | 132,372 |  |  | $ | — |  |  | $ | 132,372 |
U.S. government agency |  | — |  |  | 57,299 |  |  | — |  |  | 57,299 |
Municipal |  | — |  |  | 137,872 |  |  | — |  |  | 137,872 |
Mortgage-backed: |  |  |  |  |  |  |  |
Agency residential |  | — |  |  | 203,249 |  |  | — |  |  | 203,249 |
Agency commercial |  | — |  |  | 121,092 |  |  | — |  |  | 121,092 |
Corporate |  | — |  |  | 58,419 |  |  | — |  |  | 58,419 |
Equity securities with readily determinable fair values |  | 3,364 |  |  | — |  |  | — |  |  | 3,364 |
Mortgage servicing rights |  | — |  |  | — |  |  | 17,496 |  |  | 17,496 |
Derivative financial assets |  | — |  |  | 3,722 |  |  | — |  |  | 3,722 |
Derivative financial liabilities |  | — |  |  | 3,651 |  |  | — |  |  | 3,651 |
|  | December 31, 2023
(dollars in thousands) |  | Level 1 Inputs |  | Level 2 Inputs |  | Level 3 Inputs |  | Total Fair Value
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):
September 30, 2024 |  | Fair Value |  | Valuation Technique |  | Unobservable Inputs |  | Range (Weighted Average)
Mortgage servicing rights |  | $ | 17,496 |  |  | Discounted cash flows |  | Constant pre-payment rates (CPR) |  | 1.9% to 94.3% (9.1%)
|  |  |  |  |  | Discount rate |  | 9.0% to 15.3% (9.5%)
December 31, 2023 |  | Fair Value |  | Valuation Technique |  | Unobservable Inputs |  | Range (Weighted Average)
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 September 30, 2024 and December 31, 2023 by level within the fair value hierarchy:
|  | September 30, 2024
(dollars in thousands) |  | Level 1 Inputs |  | Level 2 Inputs |  | Level 3 Inputs |  | Total Fair Value
Loans held for sale |  | $ | — |  |  | $ | 2,959 |  |  | $ | — |  |  | $ | 2,959 |
Collateral-dependent loans |  | — |  |  | — |  |  | 28,244 |  |  | 28,244 |
Bank premises held for sale |  | — |  |  | — |  |  | 317 |  |  | 317 |
Foreclosed assets |  | — |  |  | — |  |  | 376 |  |  | 376 |
|  | December 31, 2023
(dollars in thousands) |  | Level 1 Inputs |  | Level 2 Inputs |  | Level 3 Inputs |  | Total Fair Value
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):
September 30, 2024 |  | Fair Value |  | Valuation Technique |  | Unobservable Inputs |  | Range (Weighted Average)
Collateral-dependent loans |  | $ | 28,244 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | Not meaningful
Bank premises held for sale |  | 317 |  |  | Appraisal |  | Appraisal adjustments |  | 7% (7%)
Foreclosed assets |  | 376 |  |  | 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 other financial instruments:
(dollars in thousands) |  | Fair Value Hierarchy Level |  | September 30, 2024 |  | December 31, 2023
|  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | Level 1 |  | $ | 179,671 |  |  | $ | 179,671 |  |  | $ | 141,252 |  |  | $ | 141,252 |
Debt securities held-to-maturity |  | Level 2 |  | 505,075 |  |  | 463,259 |  |  | 521,439 |  |  | 466,496 |
Restricted stock |  | Level 3 |  | 5,086 |  |  | 5,086 |  |  | 7,160 |  |  | 7,160 |
Loans, net |  | Level 3 |  | 3,328,864 |  |  | 3,352,088 |  |  | 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 |  | 24,160 |  |  | 24,160 |  |  | 24,534 |  |  | 24,534 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Time deposits |  | Level 3 |  | 803,964 |  |  | 799,328 |  |  | 627,253 |  |  | 619,682 |
Brokered time deposits |  | Level 3 |  | 29,999 |  |  | 30,003 |  |  | 144,880 |  |  | 144,944 |
Securities sold under agreements to repurchase |  | Level 2 |  | 29,029 |  |  | 29,029 |  |  | 42,442 |  |  | 42,442 |
FHLB advances |  | Level 3 |  | 13,435 |  |  | 13,414 |  |  | 12,623 |  |  | 12,621 |
Subordinated notes |  | Level 3 |  | 39,533 |  |  | 37,931 |  |  | 39,474 |  |  | 36,993 |
Junior subordinated debentures |  | Level 3 |  | 52,834 |  |  | 47,686 |  |  | 52,789 |  |  | 48,529 |
Accrued interest payable |  | Level 2 |  | 6,677 |  |  | 6,677 |  |  | 6,969 |  |  | 6,969 |

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on recurring basis. + References No definition available. + Details
Name: | hbt_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | hbt_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration