XML 71 R56.htm IDEA: XBRL DOCUMENT v3.24.0.1

OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Summary of information relating to operating segments

Following is a summary of selected financial information for Busey’s operating segments. The “other” category included in the tables below consists of the parent company, First Busey Risk Management until its dissolution on December 18, 2023, and the elimination of intercompany transactions (dollars in thousands):

			Goodwill												Total Assets
			As of December 31,												As of December 31,
			2023						2022						2023						2022
Operating segment
Banking			$	294,773					$	294,773					$	12,125,298					$	12,199,960
Wealth Management			14,108						14,108						103,147						84,082
FirsTech			8,992						8,992						51,600						48,715
Other			—						—						3,370						3,920
Consolidated total			$	317,873					$	317,873					$	12,283,415					$	12,336,677

									Years Ended December 31,
															2023						2022						2021
Net interest income
Banking															$	335,345					$	340,083					$	285,678
FirsTech															54						65						79
Other															(15,948)						(16,710)						(15,059)
Total net interest income															$	319,451					$	323,438					$	270,698
Noninterest income
Banking															$	46,701					$	54,154					$	59,393
Wealth Management															57,823						55,394						53,082
FirsTech															22,746						21,720						19,629
Other															(4,886)						(4,465)						700
Total noninterest income															$	122,384					$	126,803					$	132,804
Noninterest expense
Banking															$	223,451					$	221,997					$	205,905
Wealth Management															33,081						31,545						29,198
FirsTech															21,653						20,619						17,574
Other															7,347						9,720						9,103
Total noninterest expense															$	285,532					$	283,881					$	261,780
Income before income taxes
Banking															$	156,196					$	167,617					$	154,267
Wealth Management															24,742						23,849						23,884
FirsTech															1,147						1,166						2,134
Other															(28,181)						(30,895)						(23,462)
Total income before income taxes															$	153,904					$	161,737					$	156,823
Net income
Banking															$	123,853					$	131,596					$	117,844
Wealth Management															18,804						18,543						18,570
FirsTech															830						847						1,527
Other															(20,922)						(22,675)						(14,492)
Total net income															$	122,565					$	128,311					$	123,449

X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration