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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Significant Accounting Policies

Summary of Paycheck Protection Program loans

The following table summarizes First Busey’s PPP loans as of September 30, 2021, (dollars in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	CARES		​	Economic Aid		​	PPP Loan
​		Act			Act			Totals
Customers with PPP loans processed/acquired	​	​	4,595	​	​	2,753	​	​	7,348
PPP loans originated/acquired	​	$	765,212	​	$	324,593	​	$	1,089,805
​	​	​	​	​	​	​	​	​	​
Customers with PPP loans outstanding	​	​	121	​	​	1,499	​	​	1,620
PPP loans outstanding	​	$	17,364	​	$	165,746	​	$	183,110
PPP loans outstanding, amortized cost	​	​	17,325	​	​	160,906	​	​	178,231
​	​	​	​	​	​	​	​	​	​
PPP loan balance forgiveness:	​	​	​	​	​	​	​	​	​
Received	​	$	744,320	​	$	151,135	​	$	895,455
Balances submitted to the SBA for forgiveness	​	​	10,796	​	​	10,217	​	​	21,013

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