FIRST BUSEY CORP /NV/
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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Sep 30, 2026 · Filed Nov 5, 2026
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Off-Balance-Sheet Arrangements
Busey Bank routinely enters into commitments to extend credit and standby letters of credit in the normal course of business to meet the financing needs of its customers. The balance of commitments to extend credit represents future cash requirements and some of these commitments may expire without being drawn upon.
The following table summarizes Busey’s outstanding commitments and reserves for unfunded commitments:
| As of | ||
|---|---|---|
| (dollars in thousands) | September 30,2026 | December 31,2025 |
| Outstanding loan commitments and standby letters of credit | $4,160,163 | $4,820,613 |
| Reserve for unfunded commitments | 12,484 | 12,964 |
The following table summarizes Busey’s provision for unfunded commitments expenses (releases):
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|
| (dollars in thousands) | Location | 2026 | 2025 | 2026 | 2025 |
| Provision for unfunded commitments1 | Provision for credit losses | $(1,802) | $2,320 | $(480) | $10,156 |
- The nine months ended September 30, 2025, included $7.2 million to establish an initial allowance for unfunded commitments in connection with the CrossFirst acquisition, which included a $4.0 million adjustment to the initial provision for unfunded commitments that was recorded in the second quarter of 2025 resulting from the adoption of a new CECL model.
Busey anticipates that it will have sufficient funds available to meet current loan commitments, including loan applications received and in process prior to the issuance of firm commitments.
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