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TAX CREDIT AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES | 12 Months Ended
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Dec. 31, 2024
Investments, All Other Investments [Abstract] |
TAX CREDIT AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES | NOTE 14. TAX CREDIT AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES Busey’s investments in unconsolidated entities and related unfunded investment obligations are reflected in other assets and other liabilities on the Consolidated Balance Sheets, and are summarized in the table below for the periods indicated (dollars in thousands):
|  |  |  | As of December 31,
|  | Location |  | 2024 |  | 2023
Investments in unconsolidated entities |  |  |  |  |  |
Funded investments |  | Other assets |  | $ | 70,796 |  |  | $ | 68,516 |
Unfunded investments |  | Other assets |  | 61,210 |  |  | 58,552 |
Investments in unconsolidated entities |  |  |  | $ | 132,006 |  |  | $ | 127,068 |
Unfunded investment obligations |  | Other liabilities |  | $ | 61,210 |  |  | $ | 58,552 |
Income tax credits and other benefits, along with investment amortization, are presented in the table below (dollars in thousands). Beginning in 2024, income tax credits and other tax benefits, net of investment amortization, were included as a component of Busey’s estimated annual effective tax rate used for the calculation of income taxes presented on the Consolidated Statements of Income.
|  |  | Year Ended December 31, 2024
Income tax credits and other tax benefits |  |  |  |  | $ | 20,734 |  |  |
Amortization of investments in tax-advantaged projects |  |  |  |  | 18,494 |  |  |

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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