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Regulatory Capital (Tables)
3 Months Ended
Mar. 31, 2023
Banking and Thrift, Other Disclosure [Abstract]  
Schedule of applicable holding company and bank regulatory capital requirements
The following tables summarize regulatory capital requirements applicable to the Company and its subsidiary bank (dollars in thousands):
As of March 31, 2023
ActualMinimum
Capital Requirement
Minimum
To Be Well
Capitalized
AmountRatio AmountRatio AmountRatio
Common equity Tier 1 capital to risk weighted assets
First Busey$1,103,960 12.18 %$407,938 4.50 %$589,243 6.50 %
Busey Bank$1,325,556 14.66 %$406,788 4.50 %$587,582 6.50 %
Tier 1 capital to risk weighted assets
First Busey$1,177,960 12.99 %$543,917 6.00 %$725,222 8.00 %
Busey Bank$1,325,556 14.66 %$542,383 6.00 %$723,178 8.00 %
Total capital to risk weighted assets
First Busey$1,486,577 16.40 %$725,222 8.00 %$906,528 10.00 %
Busey Bank$1,409,173 15.59 %$723,178 8.00 %$903,972 10.00 %
Leverage ratio of Tier 1 capital to average assets
First Busey$1,177,960 9.71 %$485,472 4.00 % N/AN/A
Busey Bank$1,325,556 10.95 %$484,256 4.00 %$605,320 5.00 %
As of December 31, 2022
ActualMinimum
Capital Requirement
Minimum
To Be Well
Capitalized
AmountRatio AmountRatio AmountRatio
Common equity Tier 1 capital to risk weighted assets
First Busey$1,081,686 11.96 %$406,980 4.50 %$587,861 6.50 %
Busey Bank$1,306,716 14.49 %$405,736 4.50 %$586,063 6.50 %
Tier 1 capital to risk weighted assets
First Busey$1,155,686 12.78 %$542,640 6.00 %$723,521 8.00 %
Busey Bank$1,306,716 14.49 %$540,981 6.00 %$721,308 8.00 %
Total capital to risk weighted assets
First Busey$1,457,994 16.12 %$723,521 8.00 %$904,401 10.00 %
Busey Bank$1,384,024 15.35 %$721,308 8.00 %$901,635 10.00 %
Leverage ratio of Tier 1 capital to average assets
First Busey$1,081,686 9.45 %$489,124 4.00 %N/AN/A
Busey Bank$1,306,716 10.72 %$487,541 4.00 %$609,426 5.00 %