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OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
 12 Months Ended
Dec. 31, 2025
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
NOTE 5. OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
OREO and other repossessed assets represent properties and other assets acquired through foreclosure or other proceedings in settlement of loans and is included in other assets in the accompanying Consolidated Balance Sheets. The following table summarizes the composition of Busey’s OREO and other repossessed asset balances:
As of December 31,
(dollars in thousands)20252024
OREO
Commercial$95 $— 
Residential605 63 
Total OREO700 63 
Other repossessed assets3,926 — 
OREO and other repossessed assets$4,626 $63 
The following table summarizes changes in the OREO and other repossessed assets balance:
Years Ended December 31,
(dollars in thousands)202520242023
OREO and other repossessed assets at January 1$63 $125 $850 
Additions, transfers from loans and assumed in acquisitions26,641 26 189 
Sales(21,233)(84)(770)
Cash payments (collected) paid(423)(4)(44)
Impairment(422)— (100)
OREO and other repossessed assets at December 31$4,626 $63 $125 
Busey incurs operating expenses for, and may have income from, OREO and other repossessed assets. Upon sale, Busey may recognize a gain or loss on the sale of OREO and other repossessed assets. The table below summarizes the effect of these activities, included in other noninterest income and other noninterest expense on Busey’s Consolidated Statements of Income:
Years Ended December 31,
(dollars in thousands)202520242023
Income from (expense for) OREO and other repossessed assets
Operating income (expense), net$38 $(17)$(67)
Net gain (loss) on sales302 585 46 
Impairment expense(422)— (100)
Income from (expense for) OREO and other repossessed assets$(82)$568 $(121)
Busey’s recorded investment in residential real estate loans that were in the process of foreclosure was $6.0 million as of December 31, 2025, and $0.4 million as of December 31, 2024. Busey follows Federal Housing Finance Agency guidelines on single-family foreclosures and real estate owned evictions on portfolio loans.
For additional information about Busey’s accounting policies related to OREO and other repossessed assets, see “Other Real Estate Owned and Other Repossessed Assets” in “Note 1. Significant Accounting Policies.”