OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]

Schedule of OREO and other repossessed assets balances

The following table summarizes the composition of Busey’s OREO and other repossessed asset balances as of the periods presented (dollars in thousands):

	As of December 31,
	2023		2022
OREO
Residential	$	125	$	70
Total OREO	125		70
Other repossessed assets	—		780
OREO and other repossessed assets	$	125	$	850

Schedule of activity related to OREO and other repossessed assets

The following table summarizes changes in the balance OREO and other repossessed assets (dollars in thousands):

	Years Ended December 31,
	2023		2022		2021
OREO and other repossessed assets at January 1	$	850	$	4,416	$	4,571
Additions, transfers from loans	189		175		1,610
Sales	(770)		(2,565)		(1,721)
Cash payments collected	(44)		(565)		(43)
Impairment of OREO and other repossessed assets	(100)		(611)		(1)
OREO and other repossessed assets at December 31	$	125	$	850	$	4,416

Schedule of activity related to foreclosed assets

OREO and other repossessed assets. The table below summarizes the effect of these activities, included in Other expense on Busey’s Consolidated Statements of Income (dollars in thousands):

	Years Ended December 31,
	2023		2022		2021
Activity for OREO and other repossessed assets
Net loss (gain) on sales	$	54	$	665	$	173
Operating expenses, net of income	67		248		468
Activity for OREO and other repossessed assets	$	121	$	913	$	641