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TRANSACTIONS WITH RELATED PARTIES
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
TRANSACTIONS WITH RELATED PARTIES
NOTE 15. TRANSACTIONS WITH RELATED PARTIES
Busey has had, and may be expected to have in the future, banking transactions in the ordinary course of business with related parties which include directors, executive officers, chief credit officers, their immediate families, and affiliated companies in which they have 10% or more beneficial ownership, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others.
The following table presents changes in loans to related parties, as a group (dollars in thousands):
As of and for the Year Ended
December 31, 2023
Balance of loans to related parties, December 31, 2022$55,341 
Change in relationship9,247 
New loans/advances34,116 
Repayments(21,055)
Balance of loans to related parties, December 31, 2023$77,649 
 
Unused commitments to directors and executive officers$4,692 
Loans to related parties did not include significant amounts that were past due, non-accrual, or modified.