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OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule 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
			June 30, 2024						December 31, 2023						June 30, 2024						December 31, 2023
Operating segment
Banking			$	310,181					$	294,773					$	11,796,353					$	12,125,298
Wealth Management			14,108						14,108						113,516						103,147
FirsTech			8,992						8,992						50,172						51,600
Other			—						—						11,375						3,370
Consolidated total			$	333,281					$	317,873					$	11,971,416					$	12,283,415

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Net interest income
Banking			$	86,242					$	82,710					$	165,775					$	172,600
FirsTech			12						14						25						27
Other			(3,820)						(4,054)						(7,599)						(8,100)
Total net interest income			$	82,434					$	78,670					$	158,201					$	164,527
Noninterest income
Banking			$	12,434					$	10,312					$	25,906					$	22,733
Wealth Management			16,108						14,717						31,820						29,643
FirsTech			6,178						5,615						12,149						11,289
Other			(919)						(2,632)						(1,074)						(3,805)
Total noninterest income			$	33,801					$	28,012					$	68,801					$	59,860
Noninterest expense
Banking			$	58,597					$	53,491					$	110,984					$	108,142
Wealth Management			8,791						8,228						17,927						16,762
FirsTech			6,152						5,319						12,018						11,058
Other			1,997						2,167						5,377						3,646
Total noninterest expense			$	75,537					$	69,205					$	146,306					$	139,608
Income before income taxes
Banking			$	37,802					$	38,904					$	73,382					$	85,611
Wealth Management			7,317						6,489						13,893						12,881
FirsTech			38						310						156						258
Other			(6,736)						(8,853)						(14,050)						(15,551)
Total income before income taxes			$	38,421					$	36,850					$	73,381					$	83,199
Net income
Banking			$	26,697					$	30,665					$	53,189					$	67,500
Wealth Management			5,561						4,932						10,559						9,790
FirsTech			28						226						114						188
Other			(4,929)						(6,459)						(10,280)						(11,328)
Total net income			$	27,357					$	29,364					$	53,582					$	66,150

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: 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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No definition available.

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