FIRST BUSEY CORP /NV/
For the period ended Mar 31, 2026. Filed May 7, 2026.
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Mar 31, 2026 · Filed May 7, 2026
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Allowance for Credit Losses and Provision for Loan Losses
The ACL is a significant estimate on Busey’s unaudited consolidated financial statements, affecting both earnings and capital. The ACL is recorded in accordance with GAAP to provide an adequate reserve for expected credit losses that is reflective of management’s best estimate of what is expected to be collected. Estimates of credit losses are based on a careful consideration of all significant factors affecting the collectability as of the evaluation date. The ACL is established through the provision for loan losses, charged to income. Provision expenses for loan losses were recorded as follows:
| Three Months Ended March 31, | ||||
|---|---|---|---|---|
| (dollars in thousands) | Location | 2026 | 20251 | |
| Provision for loan losses | Provision for credit losses | $2,393 | $42,452 | |
- The three months ended March 31, 2025, included $42.4 million of provision for loan losses expense recorded to establish an initial allowance for non-PCD loans immediately following the close of the CrossFirst acquisition in accordance with ASC 326-20-30-15.
The ACL and the ratio of ACL to portfolio loan balances is presented below by lending activity:
| As of March 31, 2026 | As of December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| (dollars in thousands) | Portfolio Loans | ACL | Ratio of ACL toPortfolio Loans | Portfolio Loans | ACL | Ratio of ACL toPortfolio Loans |
| Commercial | ||||||
| C&I and other commercial | $4,124,737 | $57,804 | 1.40% | $4,229,208 | $61,370 | 1.45% |
| CRE | 5,566,044 | 70,100 | 1.26% | 5,550,018 | 70,328 | 1.27% |
| Real estate construction | 1,052,505 | 12,588 | 1.20% | 1,039,289 | 11,568 | 1.11% |
| Total commercial | 10,743,286 | 140,492 | 1.31% | 10,818,515 | 143,266 | 1.32% |
| Retail | ||||||
| Retail real estate | 2,119,621 | 27,140 | 1.28% | 2,154,616 | 29,178 | 1.35% |
| Retail other | 596,983 | 1,422 | 0.24% | 594,668 | 1,579 | 0.27% |
| Total retail | 2,716,604 | 28,562 | 1.05% | 2,749,284 | 30,757 | 1.12% |
| Total | $13,459,890 | $169,054 | 1.26% | $13,567,799 | $174,023 | 1.28% |
As of March 31, 2026, Busey management believed the level of the allowance to be appropriate based upon the information available. However, additional losses may be identified in the loan portfolio as new information is obtained. Factors that influence Busey’s calculation of its ACL include changes in economic conditions and forecasts, originated and acquired loan portfolio composition, credit performance trends, portfolio duration, and other factors.
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