XML 102 R41.htm IDEA: XBRL DOCUMENT v3.25.4
PORTFOLIO LOANS (Tables)
 12 Months Ended
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Distribution of Portfolio Loans Distributions of the loan portfolio by loan category and lending activity is presented in the following table:
As of December 31,
(dollars in thousands)20252024
Commercial loans
C&I and other commercial$4,229,208 $1,904,515 
CRE5,550,018 3,269,564 
Real estate construction1,039,289 378,209 
Total commercial loans10,818,515 5,552,288 
Retail loans
Retail real estate2,154,616 1,696,457 
Retail other594,668 448,342 
Total retail loans2,749,284 2,144,799 
 
Total portfolio loans13,567,799 7,697,087 
ACL(174,023)(83,404)
Portfolio loans, net$13,393,776 $7,613,683 
Schedule of Financial Instruments Owned and Pledged as Collateral
Busey has executed a blanket lien with the FHLB. The principal balance of loans Busey has pledged as collateral with the FHLB and Federal Reserve Bank for liquidity, which Busey is able to borrow against, is set forth in the table below:
As of December 31,
(dollars in thousands)20252024
Pledged loans
FHLB$5,051,512 $4,813,600 
Federal Reserve Bank1,854,423 765,824 
Total pledged loans$6,905,935 $5,579,424 
To secure its obligations under derivative contracts, Busey pledged cash and held collateral as follows:
As of December 31,
(dollars in thousands)20252024
Cash pledged to secure obligations under derivative contracts$14,400 $21,900 
Collateral held to secure obligations under derivative contracts5,050 20,260 
Schedule of Risk Grades Segregated by Category and Class of Portfolio Loans
The following table is a summary of Busey’s portfolio loans by risk grade:
As of December 31, 2025
(dollars in thousands)PassWatchSpecial
Mention		SubstandardSubstandard
Non-accrual		Total
Commercial loans
C&I and other commercial$3,567,589 $375,113 $176,814 $75,394 $34,298 $4,229,208 
CRE4,607,134 769,405 140,967 24,680 7,832 5,550,018 
Real estate construction943,065 54,631 24,534 16,786 273 1,039,289 
Total commercial loans9,117,788 1,199,149 342,315 116,860 42,403 10,818,515 
Retail loans
Retail real estate2,106,215 30,674 7,507 1,799 8,421 2,154,616 
Retail other594,294 — — — 374 594,668 
Total retail loans2,700,509 30,674 7,507 1,799 8,795 2,749,284 
Total portfolio loans$11,818,297 $1,229,823 $349,822 $118,659 $51,198 $13,567,799 
As of December 31, 2024
(dollars in thousands)PassWatchSpecial
Mention		SubstandardSubstandard
Non-accrual		Total
Commercial loans
C&I and other commercial$1,545,338 $281,424 $36,152 $37,749 $3,852 $1,904,515 
CRE2,744,018 438,945 55,041 16,507 15,053 3,269,564 
Real estate construction345,908 26,833 221 5,224 23 378,209 
Total commercial loans4,635,264 747,202 91,414 59,480 18,928 5,552,288 
Retail loans
Retail real estate1,680,640 9,408 882 2,543 2,984 1,696,457 
Retail other448,166 — — — 176 448,342 
Total retail loans2,128,806 9,408 882 2,543 3,160 2,144,799 
Total portfolio loans$6,764,070 $756,610 $92,296 $62,023 $22,088 $7,697,087 
Schedule of Risk Grades of Portfolio Loans, Further Sorted by Origination
Risk grades of portfolio loans and net charge-offs are presented in the tables below by lending activity, further sorted by origination year:
As of and For The Year Ended December 31, 2025
Risk Grade RatingsTerm Loans Amortized Cost Basis by Origination YearRevolving
Loans		Total
(dollars in thousands)20252024202320222021Prior
C&I and other commercial
Pass$833,539 $486,278 $342,560 $207,053 $178,429 $122,904 $1,396,826 $3,567,589 
Watch21,750 79,853 56,387 38,786 48,624 16,778 112,935 375,113 
Special Mention21,712 11,609 56,578 26,343 5,339 800 54,433 176,814 
Substandard8,336 605 20,444 14,603 9,868 3,655 17,883 75,394 
Substandard non-accrual1,489 3,899 600 10,265 948 4,560 12,537 34,298 
Total C&I and other commercial886,826 582,244 476,569 297,050 243,208 148,697 1,594,614 4,229,208 
Gross charge-offs$4,667 $3,332 $4,347 $1,450 $13,591 $11,456 $5,716 $44,559 
 
CRE
Pass1,077,169 483,950 710,448 1,035,426 740,680 515,631 43,830 4,607,134 
Watch210,673 61,926 119,986 143,072 161,387 69,789 2,572 769,405 
Special Mention49,648 22,642 2,991 13,811 32,109 18,858 908 140,967 
Substandard2,416 679 3,857 4,873 7,316 5,324 215 24,680 
Substandard non-accrual72 — 4,547 — — 3,213 — 7,832 
Total CRE1,339,978 569,197 841,829 1,197,182 941,492 612,815 47,525 5,550,018 
Gross charge-offs1,297 11,057 — — 253 — — 12,607 
 
Real estate construction
Pass395,019 268,117 107,930 89,673 5,356 2,733 74,237 943,065 
Watch18,571 2,112 3,999 22,561 167 — 7,221 54,631 
Special Mention17,961 — — — 6,573 — — 24,534 
Substandard16,020 — — — 766 — — 16,786 
Substandard non-accrual— 273 — — — — — 273 
Total real estate construction447,571 270,502 111,929 112,234 12,862 2,733 81,458 1,039,289 
Gross charge-offs— — — — — — — — 
 
Retail real estate
Pass93,212 127,475 269,877 446,309 407,851 508,504 252,987 2,106,215 
Watch2,686 569 24,601 1,492 267 482 577 30,674 
Special Mention47 78 4,028 1,454 1,686 — 214 7,507 
Substandard— — 108 440 484 631 136 1,799 
Substandard non-accrual154 308 128 523 264 2,841 4,203 8,421 
Total retail real estate96,099 128,430 298,742 450,218 410,552 512,458 258,117 2,154,616 
Gross charge-offs1,164 — — — — 51 36 1,251 
 
Retail other
Pass5,233 2,265 33,349 30,321 4,561 885 517,680 594,294 
Substandard non-accrual— — 76 134 — — 164 374 
Total retail other5,233 2,265 33,425 30,455 4,561 885 517,844 594,668 
Gross charge-offs546 147 270 47 — 74 141 1,225 
 
Total portfolio loans$2,775,707 $1,552,638 $1,762,494 $2,087,139 $1,612,675 $1,277,588 $2,499,558 $13,567,799 
Total gross charge-offs$7,674 $14,536 $4,617 $1,497 $13,844 $11,581 $5,893 $59,642 
As of and For The Year Ended December 31, 2024
Risk Grade RatingsTerm Loans Amortized Cost Basis by Origination YearRevolving
Loans		Total
(dollars in thousands)20242023202220212020Prior
C&I and other commercial
Pass$320,831 $147,909 $163,870 $125,053 $74,146 $117,234 $596,295 $1,545,338 
Watch38,734 49,394 44,709 16,393 2,175 20,964 109,055 281,424 
Special Mention1,718 2,293 5,658 2,634 106 2,540 21,203 36,152 
Substandard15,186 6,545 788 591 320 2,424 11,895 37,749 
Substandard non-accrual65 141 464 — 42 852 2,288 3,852 
Total C&I and other commercial376,534 206,282 215,489 144,671 76,789 144,014 740,736 1,904,515 
Gross charge-offs$— $14,980 $148 $22 $— $303 $— $15,453 
CRE
Pass291,503 354,591 755,266 645,994 356,867 314,340 25,457 2,744,018 
Watch115,078 132,900 60,611 62,408 28,320 38,733 895 438,945 
Special Mention39,252 643 8,020 1,395 4,165 1,517 49 55,041 
Substandard6,983 355 4,628 50 95 4,346 50 16,507 
Substandard non-accrual15,000 39 — — 14 — — 15,053 
Total CRE467,816 488,528 828,525 709,847 389,461 358,936 26,451 3,269,564 
Gross charge-offs— — — 2,999 — 315 — 3,314 
Real estate construction
Pass159,825 134,450 12,205 24,781 2,213 1,124 11,310 345,908 
Watch20,170 6,455 — 208 — — — 26,833 
Special Mention— — — 221 — — — 221 
Substandard5,224 — — — — — — 5,224 
Substandard non-accrual— — — 23 — — — 23 
Total real estate construction185,219 140,905 12,205 25,233 2,213 1,124 11,310 378,209 
Gross charge-offs— — — — — — — — 
Retail real estate
Pass101,582 237,306 366,820 354,380 147,236 267,431 205,885 1,680,640 
Watch1,255 550 2,733 3,377 872 124 497 9,408 
Special Mention151 — 344 — — 372 15 882 
Substandard— 243 1,018 503 — 776 3 2,543 
Substandard non-accrual— — 344 91 152 1,526 871 2,984 
Total retail real estate102,988 238,099 371,259 358,351 148,260 270,229 207,271 1,696,457 
Gross charge-offs— — — — — 168 — 168 
Retail other
Pass4,996 55,665 57,944 12,207 2,304 589 314,461 448,166 
Substandard non-accrual— 94 67 4 — 11 — 176 
Total retail other4,996 55,759 58,011 12,211 2,304 600 314,461 448,342 
Gross charge-offs9 31 106 78 4 403 — 631 
Total portfolio loans$1,137,553 $1,129,573 $1,485,489 $1,250,313 $619,027 $774,903 $1,300,229 $7,697,087 
Total gross charge-offs$9 $15,011 $254 $3,099 $4 $1,189 $— $19,566 
Schedule of Past Due and Non-accrual Loans and Non-Accrual Status
An analysis of portfolio loans that are past due and still accruing, or on non-accrual status, is presented in the table below:
As of December 31, 2025
Loans past due, still accruingNon-accrual
Loans		Non-accrual Loans with No Allowance for Credit Losses
(dollars in thousands)30-59 Days60-89 Days90+Days
Commercial loans
C&I and other commercial$3,577 $593 $2,128 $34,298 $4,612 
CRE484 2,514 — 7,832 1,588 
Real estate construction— — — 273 158 
Past due and non-accrual commercial loans4,061 3,107 2,128 42,403 6,358 
Retail loans
Retail real estate2,457 4,280 136 8,421 349 
Retail other2,491 79 24 374 — 
Past due and non-accrual retail loans4,948 4,359 160 8,795 349 
Total past due and non-accrual loans$9,009 $7,466 $2,288 $51,198 $6,707 
As of December 31, 2024
Loans past due, still accruingNon-accrual
Loans		Non-accrual Loans with No Allowance for Credit Losses
(dollars in thousands)30-59 Days60-89 Days90+Days
Commercial loans
C&I and other commercial$95 $— $— $3,852 $1,224 
CRE42 2,759 — 15,053 15,000 
Real estate construction41 — — 23 — 
Past due and non-accrual commercial loans178 2,759 — 18,928 16,224 
Retail loans
Retail real estate3,280 683 1,115 2,984 194 
Retail other1,094 130 34 176 — 
Past due and non-accrual retail loans4,374 813 1,149 3,160 194 
Total past due and non-accrual loans$4,552 $3,572 $1,149 $22,088 $16,418 
Schedule of Loan Modifications for Borrowers Experiencing Financial Difficulty
The following tables present the amortized cost basis of loans that were modified—specifically in the form of (1) principal forgiveness, (2) an interest rate reduction, (3) an other-than-insignificant payment deferral, and/or (4) a term extension—for borrowers experiencing financial difficulty during the periods indicated, disaggregated by lending activity and the type of modification:
Year Ended December 31, 2025
(dollars in thousands)
Payment Deferral
Term Extension
% of Total Class of Financing Receivable
Modified Loans
C&I and other commercial
$10,554 $22,851 0.8 %
CRE1
939 1,502 — %
Real estate construction
— 16,020 1.5 %
Total of loans modified during the period2
$11,493 $40,373 0.4 %
___________________________________________
1.Modified loans represented an insignificant portion of CRE loans, rounding to zero percent.
2.Modifications included four loans on non-accrual status, and the remaining loans were classified as substandard.
Year Ended December 31, 2024
(dollars in thousands)
Payment Deferral
Term Extension
% of Total Class of Financing Receivable
Modified Loans
C&I and other commercial
$325 $26,175 1.4 %
CRE
— 18,147 0.6 %
Real estate construction
— 5,224 1.4 %
Total of loans modified during the period1
$325 $49,546 0.6 %
___________________________________________
1.Modifications included one loan on non-accrual status, and the remaining loans were classified as substandard.
The following table provides, as applicable for loan modifications made during the periods indicated for borrowers experiencing financial difficulty, the weighted average interest rate reductions and weighted average term extensions:
Years Ended December 31,
202520242023
Weighted Average Term Extension
Weighted Average Term Extension
Weighted Average Interest Rate ReductionWeighted Average Term Extension
Weighted Average Loan Term Extensions
C&I and other commercial
9 months1.3 years— %1.5 years
CRE
11 months4 months2.50 %1.8 years
Real estate construction
10 months6 months— %1.0 year
Aggregate effect
10 months10 months2.50 %1.4 years
The following table depicts the payment performance of loans modified during the last twelve months:
As of December 31, 2025
(dollars in thousands)Current30-89 Days90+ DaysNon-accrual
Modified Loans
C&I and other commercial$29,684 $— $— $3,721 
CRE2,168 273 — — 
Real estate construction16,020 — — — 
Loans modified during the last twelve months$47,872 $273 $— $3,721 
Schedule of Modified Loans with Subsequent Defaults
A default occurs when a loan is 90 days or more past due or transferred to non-accrual status. The following table provides the amortized cost basis of loans that had a payment default during the periods indicated, after having been modified during the 12 months before default for borrowers experiencing financial difficulty:
Years Ended December 31,
202520242023
(dollars in thousands)
Payment Deferral
Term Extension
Term ExtensionTerm Extension
Loans with Subsequent Defaults
C&I and other commercial
$460 $3,261 $— $88 
CRE
— — 15,000 — 
Modified loans with subsequent defaults
$460 $3,261 $15,000 $88 
Schedule of Loans Evaluated Individually, Segregated by Loan Category and Class
The following table summarizes activity in the ACL attributable to each lending activity. Allocation of a portion of the ACL to one lending activity does not preclude its availability to absorb losses in other lending activities:
(dollars in thousands)C&I and Other CommercialCREReal Estate
Construction		Retail
Real Estate		Retail OtherTotal
ACL balance, December 31, 2022$23,860 $38,299 $6,457 $18,193 $4,799 $91,608 
Provision for loan losses(727)(2,455)(1,465)7,922 (876)2,399 
Charged-off(2,429)(953)— (407)(629)(4,418)
Recoveries552 574 171 590 264 2,151 
ACL balance, December 31, 202321,256 35,465 5,163 26,298 3,558 91,740 
Day 1 PCD1
824 322 — 96 1 1,243 
Provision for loan losses14,455 (318)(1,885)(3,031)(631)8,590 
Charged-off(15,453)(3,314)— (168)(631)(19,566)
Recoveries507 146 67 516 161 1,397 
ACL balance, December 31, 202421,589 32,301 3,345 23,711 2,458 83,404 
Day 1 PCD1
75,569 21,588 2,112 1,430 84 100,783 
Day 2 Provision for loan losses2
22,648 15,104 2,911 1,628 142 42,433 
Provision for loan losses(16,574)13,677 3,105 3,159 (54)3,313 
Charged-off3
(44,559)(12,607)— (1,251)(1,225)(59,642)
Recoveries2,697 265 95 501 174 3,732 
ACL balance, December 31, 2025$61,370 $70,328 $11,568 $29,178 $1,579 $174,023 
__________________________________________
1.The Day 1 PCD was attributable to the M&M acquisition in 2024 and the CrossFirst acquisition in 2025.
2.The Day 2 Provision for loan losses was attributable to the CrossFirst acquisition.
3.Charge-off amounts included $36.8 million for PCD loans assumed in the CrossFirst acquisition.