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OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

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, Inc. until its dissolution on December 18, 2023, and the elimination of intercompany transactions (dollars in thousands):

			Goodwill												Total Assets
			As of												As of
			March 31, 2024						December 31, 2023						March 31, 2024						December 31, 2023
Operating segment
Banking			$	294,773					$	294,773					$	11,722,919					$	12,125,298
Wealth Management			14,108						14,108						107,251						103,147
FirsTech			8,992						8,992						50,643						51,600
Other			—						—						6,645						3,370
Consolidated total			$	317,873					$	317,873					$	11,887,458					$	12,283,415

									Three Months Ended March 31,
															2024						2023
Net interest income
Banking															$	79,533					$	89,890
FirsTech															13						13
Other															(3,779)						(4,046)
Total net interest income															$	75,767					$	85,857
Noninterest income
Banking															$	13,472					$	12,421
Wealth Management															15,712						14,926
FirsTech															5,971						5,674
Other															(155)						(1,173)
Total noninterest income															$	35,000					$	31,848
Noninterest expense
Banking															$	52,387					$	54,651
Wealth Management															9,136						8,534
FirsTech															5,866						5,739
Other															3,380						1,479
Total noninterest expense															$	70,769					$	70,403
Income before income taxes
Banking															$	35,580					$	46,707
Wealth Management															6,576						6,392
FirsTech															118						(52)
Other															(7,314)						(6,698)
Total income before income taxes															$	34,960					$	46,349
Net income
Banking															$	26,492					$	36,835
Wealth Management															4,998						4,858
FirsTech															86						(38)
Other															(5,351)						(4,869)
Total net income															$	26,225					$	36,786

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- 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
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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

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