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TAX CREDIT INVESTMENTS AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES
 12 Months Ended
Dec. 31, 2025
Investments, All Other Investments [Abstract]  
TAX CREDIT INVESTMENTS AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES
NOTE 14. TAX CREDIT INVESTMENTS AND OTHER INVESTMENTS IN UNCONSOLIDATED ENTITIES
Busey’s investments in unconsolidated entities and related unfunded investment obligations are reflected in other assets and other liabilities on the Consolidated Balance Sheets, and are summarized in the table below:
As of December 31,
(dollars in thousands)Location20252024
Investments in unconsolidated entities
Tax credit investmentsOther assets$119,634 $104,635 
Other investments in unconsolidated entitiesOther assets46,361 27,371 
Investments in unconsolidated entities$165,995 $132,006 
Unfunded investment obligationsOther liabilities$68,690 $61,210 
Busey applies the proportional amortization method in accounting for investments in tax-advantaged projects. Income tax credits and other benefits related to these investments, along with investment amortization, are included as a component of Busey’s estimated annual effective tax rate used for the calculation of income taxes presented on the Consolidated Statements of Income. Actual amounts of income tax credits and other benefits, along with investment amortization, are presented in the table below.
Years Ended December 31,
(dollars in thousands)20252024
Income tax credits and other tax benefits$17,676 $20,734 
Amortization of investments in tax-advantaged projects15,735 18,494 
For additional information about Busey’s accounting policies related to tax credit investments and other investments in unconsolidated entities, see “Tax Credit Investments and Other Investments in Unconsolidated Entities” in “Note 1. Significant Accounting Policies.”