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DEPOSITS (Tables)
3 Months Ended
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 deposits2,397,937 2,717,139 
Saving deposits and money market deposits3,200,738 2,920,088 
Time deposits1,577,178 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 
2025156,304 
202622,905 
202713,209 
202810,150 
20292,743 
Thereafter436 
Time deposits$1,577,178