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Deposits (Tables)
6 Months Ended
Jun. 30, 2023
Deposits [Abstract]  
Schedule of composition of deposits
The composition of Busey’s deposits is as follows (dollars in thousands):
As of
June 30,
2023
December 31,
2022
Deposits
Noninterest-bearing demand deposits$3,086,885 $3,393,666 
Interest-bearing transaction deposits2,725,297 2,857,818 
Saving deposits and money market deposits2,778,958 2,964,421 
Time deposits1,471,615 855,375 
Total deposits$10,062,755 $10,071,280 
Additional information about Busey’s deposits follows (dollars in thousands):
As of
June 30,
2023
December 31,
2022
Brokered savings deposits and money market deposits$6,055 $1,303 
Brokered time deposits280 275 
Aggregate amount of time deposits with a minimum denomination of $100,000
857,309 416,445 
Aggregate amount of time deposits with a minimum denomination that meets or exceeds the FDIC insurance limit of $250,000
297,967 120,377 
Schedule of maturities of time deposits
Scheduled maturities of time deposits are as follows (dollars in thousands):
As of
June 30, 2023
Time deposits by schedule of maturities
Remainder of 2023$405,424 
2024982,225 
202545,768 
202618,196 
202713,130 
20286,328 
Thereafter544 
Time deposits$1,471,615