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OUTSTANDING COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of contractual amount of exposure to off-balance-sheet risk

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 December 31,
			2023						2022
Financial instruments whose contract amounts represent credit risk
Commitments to extend credit			$	2,132,500					$	1,991,769
Standby letters of credit			43,996						33,008
Total commitments			$	2,176,496					$	2,024,777

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- Definition

Tabular disclosure of contractual amount of exposure to off-balance-sheet risk, wherein exposure to credit loss is represented by the contractual amount of those commitments.

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