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LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease-Related Balances The following table summarizes lease-related balances that Busey reported on its Consolidated Balance Sheets (Unaudited) and lease terms:
As of
(dollars in thousands)June 30,
2025		December 31,
2024
Lease balances
Right of use assets$38,065 $10,608 
Lease liabilities39,235 11,040 
Lease terms
Year through which lease terms extend20422039
Weighted average remaining lease term8.96 years7.55 years
Weighted average discount rate4.39 %3.77 %
Schedule of Lease Costs and Other Lease Information
The following table presents lease costs, which are included in net occupancy and equipment expense in the Consolidated Statements of Income (Unaudited):
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2025202420252024
Lease costs
Operating lease costs$1,795 $559 $2,752 $1,094 
Variable lease costs15 14 30 28 
Short-term lease costs18 45 30 58 
Total lease cost$1,828 $618 $2,812 $1,180 
Cash paid for amounts included in the measurement of lease liabilities was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2025202420252024
Cash flows related to leases
Operating lease cash flows – Fixed payments$1,707 $530 $2,582 $1,037 
Operating lease cash flows – Liability reduction1,289 433 1,973 844 
Right of use assets obtained during the period in exchange for operating lease liabilities1
(1,115)1,009 29,618 1,009 
___________________________________________
1.The six months ended June 30, 2025, included $29.6 million right of use assets recognized in connection with the acquisition of CrossFirst (see “Note 2. Mergers and Acquisitions”). The three and six months ended June 30, 2024, included $0.3 million right of use assets recognized in connection with the acquisition of M&M (see “Note 2. Mergers and Acquisitions”), and an additional $0.7 million recognized in connection with a lease amendment that was executed subsequent to the M&M acquisition for a lease that was obtained in that acquisition.
Schedule of Future Undiscounted Lease Payments
Busey was obligated under noncancelable operating leases for office space and other commitments. Future undiscounted lease payments with initial terms of one year or more, were as follows:
(dollars in thousands)As of
June 30, 2025
Rent commitments
Remainder of 2025$3,446 
20266,549 
20276,161 
20285,682 
20294,684 
20303,802 
Thereafter17,796 
Total undiscounted cash flows48,120 
Less: Amounts representing interest8,885 
Present value of net future minimum lease payments$39,235 
Schedule of Revenue Recorded in Connection with Leases Revenues recorded in connection with these leases, reported in other income on Busey’s Consolidated Statements of Income (Unaudited), are summarized as follows:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2025202420252024
Rental income$217 $204 $433 $406 
Schedule of Future Minimum Lease Payments Busey is entitled to receive aggregate future minimum lease payments as shown in the table below:
(dollars in thousands)As of
June 30, 2025
Rents to be received
Remainder of 2025$410 
2026630 
2027430 
2028318 
2029136 
203055 
Total lease payments from operating leases$1,979