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Operating Segments and Related Information (Tables)

6 Months Ended

Jun. 30, 2023

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
			June 30, 2023						December 31, 2022						June 30, 2023						December 31, 2022
Operating segment
Banking			$	294,773					$	294,773					$	12,057,131					$	12,199,960
FirsTech			8,992						8,992						48,558						48,715
Wealth Management			14,108						14,108						93,408						84,082
Other			—						—						9,932						3,920
Consolidated total			$	317,873					$	317,873					$	12,209,029					$	12,336,677

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Net interest income
Banking			$	82,710					$	80,072					$	172,600					$	153,904
FirsTech			14						17						27						35
Other			(4,054)						(4,161)						(8,100)						(7,955)
Total net interest income			$	78,670					$	75,928					$	164,527					$	145,984
Noninterest income
Banking			$	10,312					$	13,982					$	22,733					$	29,268
FirsTech			5,615						5,336						11,289						10,755
Wealth Management			14,717						14,135						29,643						29,911
Other			(2,632)						(2,434)						(3,805)						(3,143)
Total noninterest income			$	28,012					$	31,019					$	59,860					$	66,791
Noninterest expense
Banking			$	53,491					$	54,380					$	108,142					$	109,947
FirsTech			5,319						4,809						11,058						9,492
Wealth Management			8,228						7,586						16,762						15,851
Other			2,167						2,317						3,646						4,178
Total noninterest expense			$	69,205					$	69,092					$	139,608					$	139,468
Income before income taxes
Banking			$	38,904					$	38,021					$	85,611					$	71,825
FirsTech			310						544						258						1,298
Wealth Management			6,489						6,549						12,881						14,060
Other			(8,853)						(8,912)						(15,551)						(15,276)
Total income before income taxes			$	36,850					$	36,202					$	83,199					$	71,907
Net income
Banking			$	30,665					$	30,499					$	67,500					$	56,950
FirsTech			226						397						188						947
Wealth Management			4,932						5,092						9,790						10,932
Other			(6,459)						(6,164)						(11,328)						(10,566)
Total net income			$	29,364					$	29,824					$	66,150					$	58,263

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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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