FIRST BUSEY CORP NV

Total deposits decreased by 3.1% to $10.0 billion as of June 30, 2024, compared to $10.3 billion as of December 31, 2023. The quality of our core deposit 3 franchise coupled with cash flows from our securities portfolio allows us to fund loan growth while limiting our reliance on higher cost wholesale funding alternatives. We focus on deepening our relationships with customers to maintain and protect our strong core deposit franchise. As of June 30, 2024, our average customer tenure was 16.8 years for retail customers and 12.5 years for commercial customers. Core deposits include non-brokered transaction accounts, money market and savings deposit accounts, and time deposits of $250,000 or less. Core deposits represented 96.4% of total deposits as of June 30, 2024, compared to 96.2% as of December 31, 2023. Our estimated amount of uninsured deposits was $3.7 billion as of June 30, 2024, compared to $3.8 billion as of December 31, 2023.

3 Core deposits is a non-GAAP financial measure. For a reconciliation of non-GAAP measures to the most directly comparable GAAP financial measures, see“Item 2. Management’s Discussion and Analysis—Non-GAAP Financial Information” included in this Quarterly Report.