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Outstanding Commitments and Contingent Liabilities | 9 Months Ended
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Sep. 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. Legal and administrative proceedings are subject to inherent uncertainties, and while unfavorable outcomes could occur, Busey does not believe at this time that any potential liabilities relating to pending or potential legal matters are likely to have a material impact on Busey's results of operations or financial position. 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
| September 30, 2023 |  | December 31, 2022
Financial instruments whose contract amounts represent credit risk |  |  |
Commitments to extend credit | $ | 2,130,938 |  |  | $ | 1,991,769 |
Standby letters of credit | 36,847 |  |  | 33,008 |
Total commitments | $ | 2,167,785 |  |  | $ | 2,024,777 |

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