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Outstanding Commitments and Contingent Liabilities
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Outstanding Commitments and Contingent Liabilities Outstanding Commitments and Contingent Liabilities
Legal Matters
Busey is a party to legal actions which arise in the normal course of its business activities. In the opinion of management, the ultimate resolution of these matters is not expected to have a material effect on the Company’s financial position or results of operations.
Credit Commitments and Contingencies
A summary of the contractual amount of Busey’s exposure to off-balance-sheet risk relating to the Company’s commitments to extend credit and standby letters of credit follows (dollars in thousands):
As of
June 30,
2023
December 31,
2022
Financial instruments whose contract amounts represent credit risk
Commitments to extend credit$2,105,034 $1,991,769 
Standby letters of credit38,356 33,008 
Total commitments$2,143,390 $2,024,777