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BORROWINGS (Tables)
6 Months Ended
Jun. 30, 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)June 30,
2025
December 31,
2024
Securities sold under agreements to repurchase$158,030 $155,610 
Weighted average rate for securities sold under agreements to repurchase2.61 %2.63 %
Schedule of Long-term Debt Long-term debt is presented in the table below:
As of
(dollars in thousands)June 30,
2025
December 31,
2024
Long-term debt
FHLB borrowings$78,888 $— 
Secured borrowings7,669 — 
Total long-term debt$86,557 $— 
Schedule of Unamortized Debt Issuance Cost
Unamortized debt issuance costs related to Busey’s subordinated notes are presented in the following table:
As of
(dollars in thousands)June 30,
2025
December 31,
2024
Unamortized debt issuance costs
Subordinated notes issued in 2020$— $222 
Subordinated notes issued in 2022807 1,004 
Total unamortized debt issuance costs$807 $1,226