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DEPOSITS

6 Months Ended

Jun. 30, 2024

Deposits [Abstract]

DEPOSITS

NOTE 5. DEPOSITS

The composition of Busey’s deposits is presented in the table below (dollars in thousands):

			As of
			June 30, 2024						December 31, 2023
Deposits
Noninterest-bearing demand deposits			$	2,832,776					$	2,834,655
Interest-bearing transaction deposits			2,388,748						2,717,139
Saving deposits and money market deposits			3,230,722						2,920,088
Time deposits			1,523,889						1,819,274
Total deposits			$	9,976,135					$	10,291,156

Additional information about Busey’s deposits follows (dollars in thousands):

			As of
			June 30, 2024						December 31, 2023
Brokered savings deposits and money market deposits			$	6,001					$	6,001
Brokered time deposits			37,539						285
Aggregate amount of time deposits with a minimum denomination of $100,000			845,570						1,072,189
Aggregate amount of time deposits with a minimum denomination that meets or exceeds the FDIC insurance limit of $250,000			314,461						386,286

Scheduled maturities of time deposits are as follows (dollars in thousands):

			As of June 30, 2024
Time deposits by schedule of maturities
Remainder of 2024			$	1,024,010
2025			447,064
2026			25,134
2027			13,836
2028			9,117
2029			4,280
Thereafter			448
Time deposits			$	1,523,889

X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

+ Details

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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Balance Type:	na
Period Type:	duration