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DEPOSITS (Tables)
9 Months Ended
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 deposits2,455,217 2,717,139 
Saving deposits and money market deposits3,284,556 2,920,088 
Time deposits1,519,925 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 deposits7,088 285 
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 
2025914,253 
202630,592 
202713,689 
20288,715 
20295,116 
Thereafter449 
Time deposits$1,519,925