XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.2

Borrowings (Tables)

6 Months Ended

Jun. 30, 2021

Borrowings

Schedule of distribution of securities sold under agreements to repurchase and short-term borrowings and weighted average interest rates

Securities sold under agreements to repurchase were as follows (dollars in thousands):

​

​	​	​	​	​	​	​	​
​		As of					​
​	​	June 30,		​	December 31,		​
​		2021			2020
Securities sold under agreements to repurchase	​	$	207,266	​	$	175,614	​
Weighted average rate for securities sold under agreements to repurchase	​	​	0.12	%	​	0.13	%

Summary of long-term debt

Short-term borrowings are summarized as follows (dollars in thousands).

​

​	​	​	​	​	​	​
​		As of
​	​	June 30,		​	December 31,
​		2021			2020
Short-term borrowings	​	​	​	​	​	​
FHLB advances maturing in less than one year from date of origination, and the current portion of long-term FHLB advances due within 12 months	​	$	5,668	​	$	4,658
Revolving line of credit	​	​	12,500	​	​	—
Term Loan, current portion due within 12 months	​	​	12,000	​	​	—
Total short-term debt	​	$	30,168	​	$	4,658

​

Federal funds purchased are short-term borrowings that generally mature between one and 90 days. The Company had no federal funds purchased as of June 30, 2021, or December 31, 2020.

​

Long-term debt is summarized as follows (dollars in thousands):

​

​	​	​	​	​	​	​
​		As of
​	​	June 30,		​	December 31,
​		2021			2020
Long-term debt	​	​	​	​	​	​
Notes payable, FHLB, original maturity of 5 years, collateralized by FHLB deposits, residential and commercial real estate loans and FHLB stock	​	$	4,409	​	$	4,757
Term Loan	​	​	48,000	​	​	—
Total long-term debt	​	$	52,409	​	$	4,757

Schedule of unamortized debt issuance cost

Unamortized debt issuance costs related to senior notes and subordinated notes are presented in the following table (dollars in thousands):

​

​	​	​	​	​	​	​
​		As of
​	​	June 30,		​	December 31,
​		2021			2020
Unamortized debt issuance costs	​	​	​	​	​	​
Senior notes issued in 2017	​	$	124	​	$	191
Subordinated notes issued in 2017	​	​	600	​	​	651
Subordinated notes issued in 2020	​	​	1,897	​	​	2,123
Total unamortized debt issuance costs	​	$	2,621	​	$	2,965

X

- Definition

Tabular disclosure of distributions of securities sold under agreements to repurchase and short-term borrowings and related weighted average interest rates.

+ References

No definition available.

+ Details

Name:	buse_ScheduleOfSecuritiesFinancingTransactionsAndShortTermDebtTableTextBlock
Namespace Prefix:	buse_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of unamortized debt issuance cost.

+ References

No definition available.

+ Details

Name:	buse_ScheduleOfUnamortizedDebtIssuanceCostTableTextBlock
Namespace Prefix:	buse_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration