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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of Goodwill by Operating Segment
The carrying amount of goodwill by operating segment is as follows (dollars in thousands):
As of December 31,
20232022
Goodwill
Banking$294,773 $294,773 
Wealth Management14,108 14,108 
FirsTech8,992 8,992 
Total goodwill$317,873 $317,873 
Schedule of Other Intangible Asset Disclosures
Core deposit and customer relationship intangible assets are amortized over the estimated period during which Busey expects to benefit from the assets. Intangible asset disclosures are as follows (dollars in thousands):
As of December 31, 2023
Core deposit
intangible
Customer
relationship
intangible
Total
Intangible Assets
Intangible assets, gross$99,065 $33,138 $132,203 
Accumulated amortization71,092 25,120 96,212 
Intangible assets, net$27,973 $8,018 $35,991 
As of December 31, 2022
Core deposit
intangible
Customer
relationship
intangible
Total
Intangible Assets
Intangible assets, gross$99,065 $33,138 $132,203 
Accumulated amortization63,476 22,304 85,780 
Intangible assets, net$35,589 $10,834 $46,423 
Schedule of Amortization Expense Relating to Intangible Assets
Amortization expense related to intangible assets, as reflected in Busey's Consolidated Statements of Income, is presented in the table below (dollars in thousands):
Years Ended December 31,
202320222021
Amortization Expense
Core deposit intangible$7,616 $8,315 $8,253 
Customer relationship intangible2,816 3,313 3,021 
Amortization of intangible assets$10,432 $11,628 $11,274 
Schedule of Carrying Amount of Amortized Intangible Assets
Future expense for the amortization of intangible assets, as estimated, is summarized in the table below (dollars in thousands):
As of December 31, 2023
Core deposit
intangible
Customer
relationship
intangible
Total
Estimated amortization expense
2024$6,902 $2,318 $9,220 
20255,956 1,887 7,843 
20265,227 1,479 6,706 
20274,490 1,091 5,581 
20283,740 703 4,443 
Thereafter1,658 540 2,198 
Total estimated amortization expense$27,973 $8,018 $35,991