Operating Segments and Related Information (Tables)

12 Months Ended

Dec. 31, 2021

Operating Segments and Related Information

Summary of information relating to operating segments

Following is a summary of selected financial information for the Company’s operating segments.  The “other” category included in the tables below consists of the Parent Company, First Busey Risk Management, and the elimination of intercompany transactions (dollars in thousands):

	Goodwill				Total Assets
	As of December 31,				As of December 31,
	2021		2020		2021		2020
Operating segment
Banking	$	294,773	$	288,436	$	12,746,833	$	10,462,673
FirsTech		8,992		8,992		47,481		46,553
Wealth Management		14,108		14,108		65,587		46,504
Other		—		—		(212)		(11,683)
Consolidated total	$	317,873	$	311,536	$	12,859,689	$	10,544,047

	Years Ended December 31,
	2021		2020		2019
Net interest income
Banking	$	285,678	$	294,728	$	296,754
FirsTech		79		79		76
Wealth Management		—		—		—
Other		(15,059)		(11,872)		(9,607)
Total net interest income	$	270,698	$	282,935	$	287,223
Noninterest income
Banking	$	59,393	$	61,043	$	63,613
FirsTech		19,629		16,548		16,450
Wealth Management		53,082		43,429		39,075
Other		700		(2,755)		(2,723)
Total noninterest income	$	132,804	$	118,265	$	116,415
Noninterest expense
Banking	$	205,905	$	185,445	$	211,559
FirsTech		17,574		13,279		10,990
Wealth Management		29,198		26,086		24,534
Other		9,103		9,387		11,711
Total noninterest expense	$	261,780	$	234,197	$	258,794
Income before income taxes
Banking	$	154,267	$	131,529	$	138,401
FirsTech		2,134		3,348		5,536
Wealth Management		23,884		17,343		14,541
Other		(23,462)		(24,014)		(24,040)
Total income before income taxes	$	156,823	$	128,206	$	134,438
Net income
Banking	$	117,844	$	101,226	$	106,409
FirsTech		1,527		2,372		4,060
Wealth Management		18,570		13,181		11,135
Other		(14,492)		(16,435)		(18,651)
Total net income	$	123,449	$	100,344	$	102,953