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TAX CREDIT INVESTMENTS AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES
 9 Months Ended
Sep. 30, 2025
Investments, All Other Investments [Abstract]  
TAX CREDIT INVESTMENTS AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES
NOTE 9. TAX CREDIT INVESTMENTS 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 (Unaudited), and are summarized in the table below for the periods indicated:
As of
(dollars in thousands)LocationSeptember 30,
2025		December 31,
2024
Investments in unconsolidated entities
Funded investmentsOther assets$90,776 $70,796 
Unfunded investmentsOther assets47,659 61,210 
Investments in unconsolidated entities$138,435 $132,006 
Unfunded investment obligationsOther liabilities$47,659 $61,210 
Upon adoption of ASU 2023-02 on January 1, 2024, Busey elected to apply the proportional amortization method in accounting for investments in tax-advantaged projects. Income tax credits and other tax benefits related to these investments, net of investment amortization, are 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 (Unaudited). Actual amounts of income tax credits and other benefits, along with the investment amortization, are presented in the table below:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2025202420252024
Income tax credits and other tax benefits$4,446 $4,040 $13,354 $11,941 
Amortization of investments in tax-advantaged projects3,968 3,575 11,905 10,593