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DEPOSITS (Tables) | 3 Months Ended
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Mar. 31, 2024
Deposits [Abstract] |
Schedule of composition of deposits | The composition of Busey’s deposits is as follows (dollars in thousands):
| As of
| March 31, 2024 |  | December 31, 2023
Deposits |  |  |
Noninterest-bearing demand deposits | $ | 2,784,338 |  |  | $ | 2,834,655 |
Interest-bearing transaction deposits | 2,397,937 |  |  | 2,717,139 |
Saving deposits and money market deposits | 3,200,738 |  |  | 2,920,088 |
Time deposits | 1,577,178 |  |  | 1,819,274 |
Total deposits | $ | 9,960,191 |  |  | $ | 10,291,156 |
Additional information about Busey’s deposits follows (dollars in thousands):
| As of
| March 31, 2024 |  | December 31, 2023
Brokered savings deposits and money market deposits | $ | 6,001 |  |  | $ | 6,001 |
Brokered time deposits | — |  |  | 285 |
Aggregate amount of time deposits with a minimum denomination of $100,000 | 898,433 |  |  | 1,072,189 |
Aggregate amount of time deposits with a minimum denomination that meets or exceeds the FDIC insurance limit of $250,000 | 326,794 |  |  | 386,286 |
Schedule of maturities of time deposits | Scheduled maturities of time deposits are as follows (dollars in thousands):
| As of March 31, 2024
Time deposits by schedule of maturities |
Remainder of 2024 | $ | 1,371,431 |
2025 | 156,304 |
2026 | 22,905 |
2027 | 13,209 |
2028 | 10,150 |
2029 | 2,743 |
Thereafter | 436 |
Time deposits | $ | 1,577,178 |

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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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- References No definition available. + Details
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