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Operating Segments and Related Information (Tables)

3 Months Ended

Mar. 31, 2022

Operating Segments and Related Information

Summary of information relating to operating segments

Following is a summary of selected financial information for the Company’s operating segments.  The “other” category included in the tables below consists of the parent company, First Busey Risk Management, and the elimination of intercompany transactions (dollars in thousands):

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​

​

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​

​

​

​

​

Goodwill

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Total Assets

​

​

As of

​

As of

​

​

March 31,

​

December 31,

​

March 31,

​

December 31,

​

2022

2021

2022

2021

Operating segment

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​

​

​

​

​

​

​

​

​

​

​

Banking

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$

294,773

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$

294,773

​

$

12,450,999

​

$

12,746,833

FirsTech

​

8,992

​

8,992

​

46,900

​

47,481

Wealth Management

​

14,108

​

14,108

​

71,364

​

65,587

Other

​

—

​

—

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(1,754)

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(212)

Consolidated total

​

$

317,873

​

$

317,873

​

$

12,567,509

​

$

12,859,689

​

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​		2022			2021
Net interest income	​	​	​	​	​	​
Banking	​	$	73,832	​	$	68,455
FirsTech	​	​	18	​	​	20
Other	​		(3,794)	​		(3,582)
Total net interest income	​	$	70,056	​	$	64,893
​	​	​	​	​	​	​
Noninterest income	​	​	​	​	​	​
Banking	​	$	15,286	​	$	12,884
FirsTech	​		5,419	​		4,861
Wealth Management	​		15,776	​		12,587
Other	​		(709)	​		1,113
Total noninterest income	​	$	35,772	​	$	31,445
​	​	​	​	​	​	​
Noninterest expense	​	​	​	​	​	​
Banking	​	$	55,567	​	$	42,091
FirsTech	​	​	4,683	​	​	4,290
Wealth Management	​	​	8,265	​	​	6,565
Other	​	​	1,861	​	​	1,553
Total noninterest expense	​	$	70,376	​	$	54,499
​	​	​	​	​	​	​
Income before income taxes	​	​	​	​	​	​
Banking	​	$	33,804	​	$	46,044
FirsTech	​	​	754	​	​	591
Wealth Management	​	​	7,511	​	​	6,022
Other	​	​	(6,364)	​	​	(4,022)
Total income before income taxes	​	$	35,705	​	$	48,635
​	​	​	​	​	​	​
Net income	​	​	​	​	​	​
Banking	​	$	26,451	​	$	35,528
FirsTech	​		550	​		429
Wealth Management	​		5,840	​		4,682
Other	​		(4,402)	​		(2,823)
Total net income	​	$	28,439	​	$	37,816

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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