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DEPOSITS (Tables) | 12 Months Ended
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Dec. 31, 2023
Deposits [Abstract] |
Schedule of Composition of Deposits | The composition of Busey’s deposits is as follows (dollars in thousands):
| As of December 31,
| 2023 |  | 2022
Deposits |  |  |
Noninterest-bearing demand deposits | $ | 2,834,655 |  |  | $ | 3,393,666 |
Interest-bearing transaction deposits | 2,717,139 |  |  | 2,857,818 |
Saving deposits and money market deposits | 2,920,088 |  |  | 2,964,421 |
Time deposits | 1,819,274 |  |  | 855,375 |
Total deposits | $ | 10,291,156 |  |  | $ | 10,071,280 |
Additional information about Busey’s deposits follows (dollars in thousands):
| As of December 31,
| 2023 |  | 2022
Brokered savings deposits and money market deposits | $ | 6,001 |  |  | $ | 1,303 |
Brokered time deposits | 285 |  |  | 275 |
Total time deposits with a minimum denomination of $100,000 | 1,072,189 |  |  | 416,445 |
Total time deposits with a minimum denomination that meets or exceeds the FDIC insurance limit of $250,000 | 386,286 |  |  | 120,377 |
Schedule of Maturities of time Deposits | Scheduled maturities of time deposits are as follows (dollars in thousands):
| As of December 31, 2023
Time deposits by schedule of maturities |
2024 | $ | 1,705,846 |
2025 | 68,738 |
2026 | 21,222 |
2027 | 12,470 |
2028 | 10,451 |
Thereafter | 547 |
Time deposits | $ | 1,819,274 |

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- Definition Tabular disclosure for deposit liabilities classified by their types and nature. + References No definition available. + Details
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- Definition Tabular disclosure for time deposits and the aggregate amount of maturities for each of the five years following the balance sheet date. + References No definition available. + Details
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