FIRST BUSEY CORP NV
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Contractual Obligations
Busey has entered into certain contractual obligations and other commitments that generally relate to funding of operations through deposits, debt issuance, and property and equipment leases.
First Busey Corporation(BUSE) | 2024 —84
The following table summarizes significant contractual obligations and other commitments, excluding, when applicable, short-term borrowings and the current portion of long-term debt, as of December 31, 2024,(dollars in thousands):
| Certificates ofDeposit · OperatingLeases · JuniorSubordinatedDebt Owed toUnconsolidatedTrusts · Long-termDebt · Subordinated Notes,Net of UnamortizedIssuance Costs · Total | |||||||
|---|---|---|---|---|---|---|---|
| Contractual obligations by schedule of maturities | |||||||
| 2025 | $1,427,748 | $2,082 | $— | $— | $— | $1,429,830 | |
| 2026 | 33,459 | 1,774 | — | — | — | 35,233 | |
| 2027 | 14,964 | 1,558 | — | — | — | 16,522 | |
| 2028 | 8,178 | 1,495 | — | — | — | 9,673 | |
| 2029 | 5,838 | 1,505 | — | — | — | 7,343 | |
| Thereafter | 448 | 4,376 | 74,815 | — | 227,723 | 307,362 | |
| Contractual obligations | $1,490,635 | $12,790 | $74,815 | $— | $227,723 | $1,805,963 | |
| Commitments to extend credit and standby letters of credit | $2,548,178 | ||||||
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