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DEPOSITS (Tables) | 9 Months Ended
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Sep. 30, 2024
Deposits [Abstract] |
Schedule of Composition of Deposits | The composition of Busey’s deposits is presented in the table below (dollars in thousands):
| As of
| September 30, 2024 |  | December 31, 2023
Deposits |  |  |
Noninterest-bearing demand deposits | $ | 2,683,543 |  |  | $ | 2,834,655 |
Interest-bearing transaction deposits | 2,455,217 |  |  | 2,717,139 |
Saving deposits and money market deposits | 3,284,556 |  |  | 2,920,088 |
Time deposits | 1,519,925 |  |  | 1,819,274 |
Total deposits | $ | 9,943,241 |  |  | $ | 10,291,156 |
Additional information about Busey’s deposits follows (dollars in thousands):
| As of
| September 30, 2024 |  | December 31, 2023
Brokered savings deposits and money market deposits | $ | 6,001 |  |  | $ | 6,001 |
Brokered time deposits | 7,088 |  |  | 285 |
Aggregate amount of time deposits with a minimum denomination of $100,000 | 873,754 |  |  | 1,072,189 |
Aggregate amount of time deposits with a minimum denomination that meets or exceeds the FDIC insurance limit of $250,000 | 338,808 |  |  | 386,286 |
Schedule of Maturities of Time Deposits | Scheduled maturities of time deposits are as follows (dollars in thousands):
| As of September 30, 2024
Time deposits by schedule of maturities |
Remainder of 2024 | $ | 547,111 |
2025 | 914,253 |
2026 | 30,592 |
2027 | 13,689 |
2028 | 8,715 |
2029 | 5,116 |
Thereafter | 449 |
Time deposits | $ | 1,519,925 |

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- Definition Tabular disclosure of time deposit liability maturities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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