XML 68 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of Goodwill by Operating Segment
The carrying amount of goodwill by operating segment is as follows (dollars in thousands):
As of December 31,
20242023
Goodwill
Banking$310,595 $294,773 
Wealth Management14,108 14,108 
FirsTech8,992 8,992 
Total goodwill$333,695 $317,873 
Schedule of Other Intangible Asset Disclosures
Core deposit and customer relationship intangible assets are amortized over the estimated period during which Busey expects to benefit from the assets. Intangible asset disclosures are as follows (dollars in thousands):
As of December 31, 2024
Core deposit
intangible		Customer
relationship
intangible		Total
Intangible Assets
Intangible assets, gross$105,411 $33,138 $138,549 
Accumulated amortization78,831 27,438 106,269 
Intangible assets, net$26,580 $5,700 $32,280 
As of December 31, 2023
Core deposit
intangible		Customer
relationship
intangible		Total
Intangible Assets
Intangible assets, gross$99,065 $33,138 $132,203 
Accumulated amortization71,092 25,120 96,212 
Intangible assets, net$27,973 $8,018 $35,991 
Schedule of Amortization Expense Relating to Intangible Assets
Amortization expense related to intangible assets, as reflected on Busey's Consolidated Statements of Income, is presented in the table below (dollars in thousands):
Years Ended December 31,
202420232022
Amortization Expense
Core deposit intangible$7,739 $7,616 $8,315 
Customer relationship intangible2,318 2,816 3,313 
Amortization of intangible assets$10,057 $10,432 $11,628 
Schedule of Carrying Amount of Amortized Intangible Assets
Future expense for the amortization of intangible assets, as estimated, is summarized in the table below (dollars in thousands):
As of December 31, 2024
Core deposit
intangible		Customer
relationship
intangible		Total
Estimated amortization expense
2025$6,895 $1,887 $8,782 
20266,035 1,479 7,514 
20275,200 1,091 6,291 
20284,365 703 5,068 
20291,719 360 2,079 
Thereafter2,366 180 2,546 
Total estimated amortization expense$26,580 $5,700 $32,280