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BORROWINGS (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Securities Sold Under Agreements to Repurchase Securities sold under agreements to repurchase were as follows:
As of
(dollars in thousands)March 31,
2025
December 31,
2024
Securities sold under agreements to repurchase$137,340 $155,610 
Weighted average rate for securities sold under agreements to repurchase2.53 %2.63 %
Schedule of Short-term Borrowings Short-term borrowings are summarized as follows:
As of
(dollars in thousands)March 31,
2025
December 31,
2024
Short-term borrowings
FHLB advances maturing in less than one year from date of origination, and the current portion of long-term FHLB advances due within 12 months$11,209 $— 
Total short-term debt$11,209 $— 
Schedule of Long-term Debt Long-term debt is summarized as follows:
As of
(dollars in thousands)March 31,
2025
December 31,
2024
Long-term debt
Notes payable, FHLB, collateralized by FHLB deposits, residential and commercial real estate loans and FHLB stock$78,542 $— 
Total long-term debt$78,542 $— 
Schedule of Unamortized Debt Issuance Cost
Unamortized debt issuance costs related to Busey’s subordinated notes are presented in the following table:
As of
(dollars in thousands)March 31,
2025
December 31,
2024
Unamortized debt issuance costs
Subordinated notes issued in 2020$90 $222 
Subordinated notes issued in 2022907 1,004 
Total unamortized debt issuance costs$997 $1,226