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Operating Segments and Related Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

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):

			Goodwill												Total Assets
			As of												As of
			September 30, 2022						December 31, 2021						September 30, 2022						December 31, 2021
Operating segment
Banking			$	294,773					$	294,773					$	12,352,413					$	12,746,833
FirsTech			8,992						8,992						48,499						47,481
Wealth Management			14,108						14,108						80,082						65,587
Other			—						—						16,394						(212)
Consolidated total			$	317,873					$	317,873					$	12,497,388					$	12,859,689

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Net interest income
Banking			$	90,916					$	74,672					$	244,820					$	211,377
FirsTech			15						19						50						60
Other			(4,626)						(3,936)						(12,581)						(11,247)
Total net interest income			$	86,305					$	70,755					$	232,289					$	200,190
Noninterest income
Banking			$	13,559					$	14,976					$	42,827					$	42,798
FirsTech			5,578						5,030						16,333						14,700
Wealth Management			12,514						13,746						42,425						39,333
Other			(718)						(493)						(3,861)						884
Total noninterest income			$	30,933					$	33,259					$	97,724					$	97,715
Noninterest expense
Banking			$	55,273					$	59,520					$	165,220					$	150,032
FirsTech			5,109						4,519						14,601						13,086
Wealth Management			7,682						7,679						23,533						20,961
Other			2,672						1,769						6,850						6,532
Total noninterest expense			$	70,736					$	73,487					$	210,204					$	190,611
Income before income taxes
Banking			$	46,838					$	31,996					$	118,663					$	114,507
FirsTech			484						530						1,782						1,674
Wealth Management			4,832						6,068						18,892						18,373
Other			(8,016)						(6,198)						(23,292)						(16,895)
Total income before income taxes			$	44,138					$	32,396					$	116,045					$	117,659
Net income
Banking			$	37,082					$	25,123					$	94,032					$	89,889
FirsTech			353						384						1,300						1,214
Wealth Management			3,756						4,719						14,688						14,285
Other			(5,530)						(4,285)						(16,096)						(11,865)
Total net income			$	35,661					$	25,941					$	93,924					$	93,523

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- 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.

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