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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2015	May 08, 2015
Document and Entity Information
Entity Registrant Name	FIRST BUSEY CORP /NV/
Entity Central Index Key	0000314489
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		86,897,255
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks (interest-bearing 2015 $340,005; 2014 $243,769)	$ 428,936	$ 339,438
Securities available for sale, at fair value	831,614	759,065
Securities held to maturity, at amortized cost	35,037	2,373
Loans held for sale	18,685	10,400
Loans (net of allowance for loan losses 2015 $47,652; 2014 $47,453)	2,418,514	2,357,837
Premises and equipment, net	64,996	63,974
Goodwill	25,510	20,686
Other intangible assets	9,856	6,687
Cash surrender value of bank owned life insurance	42,028	41,470
Deferred tax asset, net	20,446	22,173
Other assets	41,562	41,504
Total assets	3,937,184	3,665,607
Deposits:
Noninterest-bearing	718,738	666,607
Interest-bearing	2,465,147	2,234,241
Total deposits	3,183,885	2,900,848
Securities sold under agreements to repurchase	183,675	198,893
Long-term debt	50,000	50,000
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Other liabilities	24,824	27,227
Total liabilities	3,497,384	3,231,968
Stockholders' Equity
Series C Preferred stock, $.001 par value, 72,664 shares authorized, issued and outstanding, $1,000.00 liquidation value per share	72,664	72,664
Common stock, $.001 par value, authorized 200,000,000 shares; shares issued 88,287,132	88	88
Additional paid-in capital	593,609	593,687
Accumulated deficit	(207,213)	(210,384)
Accumulated other comprehensive income	8,233	5,817
Total stockholders' equity before treasury stock	467,381	461,872
Common stock shares held in treasury at cost - 2015 1,390,690; 2014 1,426,323	(27,581)	(28,233)
Total stockholders' equity	439,800	433,639
Total liabilities and stockholders' equity	$ 3,937,184	$ 3,665,607
Common shares outstanding at period end	86,896,442	86,860,809

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Cash and due from banks, interest-bearing (in dollars)	$ 340,005	$ 243,769
Loans, allowance for loan losses (in dollars)	$ 47,652	$ 47,453
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	72,664	72,664
Preferred stock, shares issued	72,664	72,664
Preferred stock, shares outstanding	72,664	72,664
Preferred stock, liquidation value (in dollars per share)	$ 1,000.00	$ 1,000.00
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	88,287,132	88,287,132
Common stock shares held in treasury	1,390,690	1,426,323

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014
Interest income:
Interest and fees on loans	$ 24,166	$ 22,533
Interest and dividends on investment securities:
Taxable interest income	3,272	2,880
Non-taxable interest income	825	838
Total interest income	28,263	26,251
Interest expense:
Deposits	1,239	1,362
Securities sold under agreements to repurchase	51	39
Long-term debt	10
Junior subordinated debt owed to unconsolidated trusts	293	293
Total interest expense	1,593	1,694
Net interest income	26,670	24,557
Provision for loan losses	500	1,000
Net interest income after provision for loan losses	26,170	23,557
Other income:
Trust fees	5,697	5,617
Commissions and brokers' fees, net	784	671
Remittance processing	2,487	2,350
Service charges on deposit accounts	2,884	2,695
Other service charges and fees	1,584	1,488
Gain on sales of loans	1,426	981
Security gains, net	1	43
Other	1,102	1,141
Total other income	15,965	14,986
Other expense:
Salaries and wages	14,506	12,249
Employee benefits	2,343	2,893
Net occupancy expense of premises	2,245	2,243
Furniture and equipment expenses	1,191	1,204
Data processing	3,549	2,812
Amortization of intangible assets	769	747
Regulatory expense	643	555
Other	5,301	3,915
Total other expense	30,547	26,618
Income before income taxes	11,588	11,925
Income taxes	3,827	4,038
Net income	7,761	7,887
Preferred stock dividends	182	182
Net income available for common stockholders	$ 7,579	$ 7,705
Basic earnings per common share (in dollars per share)	$ 0.09	$ 0.09
Diluted earnings per common share (in dollars per share)	0.09	0.09
Dividends declared per share of common stock (in dollars per share)	$ 0.05	$ 0.04

CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 7,761	$ 7,887
Unrealized net gains on securities:
Unrealized net holding gains arising during period	4,031	857
Reclassification adjustment for (gains) included in net income	(1)	(43)
Other comprehensive income, before tax	4,030	814
Income tax expense related to items of other comprehensive income	1,614	335
Other comprehensive income, net of tax	2,416	479
Comprehensive income	$ 10,177	$ 8,366

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Treasury Stock	Total
Balance at Dec. 31, 2013	$ 72,664	$ 88	$ 593,144	$ (225,722)	$ 4,456	$ (29,266)	$ 415,364
Increase (decrease) in shareholders' equity
Net income				7,887			7,887
Other comprehensive income					479		479
Issuance of treasury stock for employee stock purchase Plan			(104)			148	44
Net issuance of treasury stock for restricted stock unit vesting and related tax benefit			(135)			125	(10)
Cash dividends common stock at $0.04 and $0.05 per share for the period of three months ended March 2015 and 2014, respectively				(3,472)			(3,472)
Stock dividend equivalents restricted stock units at $0.04 and $0.05 per share for the period of three months ended March 2015 and 2014, respectively			35	(35)
Stock-based employee compensation			224				224
Preferred stock dividends				(182)			(182)
Balance at Mar. 31, 2014	72,664	88	593,164	(221,524)	4,935	(28,993)	420,334
Balance at Dec. 31, 2014	72,664	88	593,687	(210,384)	5,817	(28,233)	433,639
Increase (decrease) in shareholders' equity
Net income				7,761			7,761
Other comprehensive income					2,416		2,416
Issuance of treasury stock for employee stock purchase Plan			(280)			428	148
Net issuance of treasury stock for restricted stock unit vesting and related tax benefit			(206)			190	(16)
Cash dividends common stock at $0.04 and $0.05 per share for the period of three months ended March 2015 and 2014, respectively				(4,342)			(4,342)
Stock dividend equivalents restricted stock units at $0.04 and $0.05 per share for the period of three months ended March 2015 and 2014, respectively			67	(66)			1
Stock-based employee compensation			341				341
Preferred stock dividends				(182)			(182)
Balance at Mar. 31, 2015	$ 72,664	$ 88	$ 593,609	$ (207,213)	$ 8,233	(27,581)	439,800
Increase (decrease) in shareholders' equity
Issuance of treasury stock						$ 34	$ 34

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends, common stock (in dollars per share)	$ 0.05	$ 0.04
Stock dividends, restricted stock units (in dollars per share)	$ 0.05	$ 0.04

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Cash Flows from Operating Activities
Net income	$ 7,761	$ 7,887
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based and non-cash compensation	341	224
Depreciation and amortization	2,163	2,141
Provision for loan losses	500	1,000
Provision for deferred income taxes	119	2,952
Amortization of security premiums and discounts, net	2,165	1,786
Accretion of premiums and discounts on loans, net	(262)
Net security gains	(1)	(43)
Gain on sales of loans, net	(1,426)	(981)
Net (gain) on disposition of premises and equipment		(2)
Premises and equipment impairment	670
Increase in cash surrender value of bank owned life Insurance	(379)	(393)
Change in assets and liabilities:
Decrease (increase) in other assets	1,672	(292)
Decrease in other liabilities	(5,155)	(5,288)
Decrease in interest payable	(42)	(76)
Decrease in income taxes receivable	926	82
Net cash provided by operating activities before activities for loans originated for sale	9,052	8,997
Loans originated for sale	(73,687)	(42,055)
Proceeds from sales of loans	68,576	49,830
Net cash provided by operating activities	3,941	16,772
Cash Flows from Investing Activities
Proceeds from sales of securities classified available for sale	7,687	59,125
Proceeds from maturities of securities classified available for sale	56,105	54,582
Proceeds from maturities of securities classified held to maturity	4
Purchase of securities classified available for sale	(55,383)	(126,159)
Purchase of securities classified held to maturity		(1,026)
Net decrease in loans	44,285	54,417
Proceeds from disposition of premises and equipment	9	2
Proceeds from sale of other real estate owned ("OREO") properties	425	575	$ 2,739
Purchases of premises and equipment	(1,062)	(596)
Net cash received in acquisitions	12,114
Net cash provided by investing activities	64,184	40,920
Cash Flows from Financing Activities
Net decrease in certificates of deposit	(18,642)	(22,871)
Net increase in demand, money market and savings deposits	59,778	80,906
Cash dividends paid	(4,523)	(3,654)
Value of shares surrendered upon vesting of restricted stock units to cover tax obligations	(22)	(12)
Net decrease in securities sold under agreements to repurchase	(15,218)	(55,110)
Net cash provided by (used in) financing activities	21,373	(741)
Net increase in cash and due from banks	89,498	56,951
Cash and due from banks, beginning	339,438	231,603	231,603
Cash and due from banks, ending	428,936	288,554	339,438
Cash Payments for:
Interest	1,635	1,770
Income taxes	3,130	1,100
Non-cash investing and financing activities:
Other real estate acquired in settlement of loans	$ 192	$ 316	$ 660

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2015
Basis of Presentation
Basis of Presentation	Note 1: Basis of Presentation The accompanying unaudited consolidated interim financial statements of First Busey Corporation (“First Busey” or the “Company”), a Nevada corporation, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for Quarterly Reports on Form 10-Q and do not include certain information and footnote disclosures required by U.S. generally accepted accounting principles (“GAAP”) for complete annual financial statements. Accordingly, these financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The accompanying Consolidated Balance Sheets as of December 31, 2014, which have been derived from audited financial statements, and the unaudited consolidated interim financial statements have been prepared in accordance with GAAP and reflect all adjustments that are, in the opinion of management, necessary for the fair presentation of the financial position and results of operations as of the dates and for the periods presented. All such adjustments are of a normal recurring nature. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. The consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation. Certain prior-year amounts have been reclassified to conform to the current presentation with no effect on net income or stockholders’ equity. In preparing the accompanying consolidated financial statements, the Company’s management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates which are particularly susceptible to significant change in the near term relate to the fair value of investment securities, the determination of the allowance for loan losses, and the valuation allowance on the deferred tax asset. The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2015 through the issuance date of these consolidated financial statements that warranted adjustment to or disclosure in the consolidated financial statements.

Acquisitions

3 Months Ended

Mar. 31, 2015

Acquisitions

Acquisitions

Note 2: Acquisitions

On January 8, 2015, First Busey acquired Herget Financial Corp. (“Herget Financial”), headquartered in Pekin, Illinois and its wholly-owned bank subsidiary, Herget Bank, National Association (“Herget Bank”). First Busey operated Herget Bank as a separate banking subsidiary from January 9, 2015 until March 13, 2015, when it was merged with Busey Bank. At that time, Herget Bank’s three branches in Pekin, Illinois became branches of Busey Bank. The operating results of Herget Financial are included with the Company’s results of operations since the date of acquisition.

The acquisition of Herget Financial allowed First Busey to further increase its presence in the Pekin and greater Peoria market. Additionally, Herget Financial held a dominant deposit market position in its community and offered trust, estate and asset management services, as well as competitive commercial loan and mortgage offerings, all of which complement First Busey’s offerings. First Busey acquired 100% of Herget Financial’s outstanding common stock for aggregate cash consideration of $34.1 million which was funded through internal sources. Each shareholder of Herget Financial common stock received $588.00 per share in cash.

During the first quarter of 2015, expenses related to the acquisition of Herget Financial totaled $1.0 million. Additionally, during 2014, First Busey incurred $0.4 million of acquisition expenses related to this transaction. The expenses were comprised primarily of system conversion, restructuring, legal, consulting, regulatory and marketing costs, all of which are reported as a component of other expense in the accompanying unaudited consolidated interim financial statements.

This transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed, and consideration exchanged were recorded at estimated fair values on the date of acquisition. Fair values are subject to refinement for up to one year after the closing date of January 8, 2015 as additional information regarding the closing date fair values becomes available.

The following table provides a preliminary assessment of the assets purchased and liabilities assumed (dollars in thousands):

Cash and due from banks	$	46,214
Securities	111,760
Loans held for sale	1,933
Loans	105,207
Premises and equipment	2,034
Goodwill	4,824
Other intangible assets	3,937
Other assets	2,931
Deposits	241,901
Other liabilities	2,839

The loans acquired in this transaction were recorded at fair value with no carryover of any existing allowance for loan losses. Loans that were not deemed to be credit impaired at acquisition were accounted for under FASB ASC 310-20, Receivables-Nonrefundable Fees and Other Costs and were subsequently considered as part of the Company’s determination for the adequacy of the allowance for loan losses. Purchased credit-impaired (“PCI”) loans, loans with evidence of credit quality deterioration, were accounted for under FASB ASC 310-30, Receivables — Loans and Debt Securities Acquired with Deteriorated Credit Quality. The fair value of the acquired performing loans totaled $103.7 million and the fair value of the PCI loans totaled $1.5 million. The other intangible assets acquired in this transaction will be amortized using an accelerated method over 10 years.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2015
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 3: Recent Accounting Pronouncements ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 outlines a single model for companies to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract and will also require additional disclosures. The new authoritative guidance will be for reporting periods after December 15, 2016, and the Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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+ Details

Securities

3 Months Ended

Mar. 31, 2015

Securities

Securities

Note 4: Securities

Securities are classified as held to maturity when First Busey has the ability and management has the positive intent to hold those securities to maturity. Accordingly, they are stated at cost, adjusted for amortization of premiums and accretion of discounts. Securities are classified as available for sale when First Busey may decide to sell those securities due to changes in market interest rates, liquidity needs, changes in yields on alternative investments, and for other reasons. They are carried at fair value with unrealized gains and losses, net of taxes, reported in other comprehensive income.

The amortized cost, unrealized gains and losses and fair values of securities classified as available for sale and held to maturity are summarized as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
March 31, 2015:	Cost		Gains		Losses			Value
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	65,182	$	748	$	—		$	65,930
Obligations of U.S. government corporations and agencies	156,404		994		(13		)	157,385
Obligations of states and political subdivisions	206,112		3,194		(225		)	209,081
Residential mortgage-backed securities	274,279		6,648		(26		)	280,901
Corporate debt securities	109,788		1,136		(22		)	110,902
Total debt securities	811,765		12,720		(286		)	824,199
Mutual funds and other equity securities	6,118		1,297		—			7,415
Total	$	817,883	$	14,017	$	(286	)	$	831,614

Held to maturity
Obligations of states and political subdivisions	$	34,027	$	320	$	(26	)	$	34,321
Commercial mortgage-backed securities	1,010		56		—			1,066
Total	$	35,037	$	376	$	(26	)	$	35,387

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
December 31, 2014:	Cost		Gains		Losses			Value
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	50,280	$	328	$	(2	)	$	50,606
Obligations of U.S. government corporations and agencies	166,207		981		(178		)	167,010
Obligations of states and political subdivisions	218,250		2,672		(761		)	220,161
Residential mortgage-backed securities	230,596		5,062		(22		)	235,636
Corporate debt securities	79,087		296		(76		)	79,307
Total debt securities	744,420		9,339		(1,039		)	752,720
Mutual funds and other equity securities	4,944		1,401		—			6,345
Total	$	749,364	$	10,740	$	(1,039	)	$	759,065

Held to maturity
Obligations of states and political subdivisions	$	1,359	$	15	$	(3	)	$	1,371
Commercial mortgage-backed securities	1,014		40		—			1,054
Total	$	2,373	$	55	$	(3	)	$	2,425

The amortized cost and fair value of debt securities available for sale and held to maturity as of March 31, 2015, by contractual maturity, are shown below. Mutual funds and other equity securities do not have stated maturity dates and therefore are not included in the following maturity summary. Mortgages underlying the residential mortgage-backed securities may be called or prepaid without penalties; therefore, actual maturities could differ from the contractual maturities. All residential mortgage-backed securities were issued by U.S. government agencies and corporations.

	Available for sale				Held to maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(dollars in thousands)
Due in one year or less	$	121,390	$	121,890	$	1,075	$	1,077
Due after one year through five years	371,768		375,370		6,249		6,286
Due after five years through ten years	134,541		138,857		19,337		19,585
Due after ten years	184,066		188,082		8,376		8,439
Total	$	811,765	$	824,199	$	35,037	$	35,387

Realized gains and losses related to sales of securities available for sale are summarized as follows:

	Three Months Ended March 31,
	2015		2014
	(dollars in thousands)
Gross security gains	$	1	$	57
Gross security (losses)	—		(14		)
Net security gains	$	1	$	43

The tax provision for the net realized gains and losses was insignificant for the three months ended March 31, 2015 and 2014.

Investment securities with carrying amounts of $556.6 million and $536.2 million on March 31, 2015 and December 31, 2014, respectively, were pledged as collateral for public deposits, securities sold under agreements to repurchase and for other purposes as required or permitted by law.

Information pertaining to securities with gross unrealized losses at March 31, 2015 and December 31, 2014 aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	Continuous unrealized losses existing for less than 12 months, gross					Continuous unrealized losses existing for greater than 12 months, gross					Total, gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
March 31, 2015:	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Available for sale
Obligations of U.S. government corporations and agencies	$	—	$	—		$	10,142	$	(13	)	$	10,142	$	(13	)
Obligations of states and political subdivisions	11,118		(45		)	20,238		(180		)	31,356		(225		)
Residential mortgage-backed securities	9,484		(26		)	—		—			9,484		(26		)
Corporate debt securities	8,212		(22		)	—		—			8,212		(22		)
Total temporarily impaired securities	$	28,814	$	(93	)	$	30,380	$	(193	)	$	59,194	$	(286	)

Held to maturity
Obligations of states and political subdivisions	$	1,952	$	(26	)	$	—	$	—		$	1,952	$	(26	)
Total temporarily impaired securities	$	1,952	$	(26	)	$	—	$	—		$	1,952	$	(26	)

	Continuous unrealized losses existing for less than 12 months, gross					Continuous unrealized losses existing for greater than 12 months, gross					Total, gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
December 31, 2014:	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	—	$	—		$	366	$	(2	)	$	366	$	(2	)
Obligations of U.S. government corporations and agencies	—		—			25,118		(178		)	25,118		(178		)
Obligations of states and political subdivisions	40,385		(140		)	40,201		(621		)	80,586		(761		)
Residential mortgage-backed securities	10,630		(22		)	—		—			10,630		(22		)
Corporate debt securities	16,400		(72		)	213		(4		)	16,613		(76		)
Total temporarily impaired securities	$	67,415	$	(234	)	$	65,898	$	(805	)	$	133,313	$	(1,039	)

Held to maturity
Obligations of states and political subdivisions	$	534	$	(3	)	$	—	$	—		$	534	$	(3	)
Total temporarily impaired securities	$	534	$	(3	)	$	—	$	—		$	534	$	(3	)

Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the length of time and extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and whether the Company has the intent to sell the security and it is more-likely-than-not it will have to sell the security before recovery of its cost basis.

The total number of securities in the investment portfolio in an unrealized loss position as of March 31, 2015 was 91, and represented a loss of 0.5% of the aggregate carrying value. Based upon a review of unrealized loss circumstances, the unrealized losses resulted from changes in market interest rates and liquidity, not from changes in the probability of receiving the contractual cash flows. The Company does not intend to sell the securities and it is more-likely-than-not that the Company will recover the amortized cost prior to being required to sell the securities. Full collection of the amounts due according to the contractual terms of the securities is expected; therefore, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2015.

The Company had available for sale obligations of state and political subdivisions with a fair value of $209.1 million and $220.2 million as of March 31, 2015 and December 31, 2014, respectively. In addition, the Company had held to maturity obligations of state and political subdivisions with a fair value of $34.3 million and $1.4 million at March 31, 2015 and December 31, 2014, respectively.

As of March 31, 2015, the fair value of the Company’s obligations of state and political subdivisions portfolio was comprised of $204.0 million of general obligation bonds and $39.4 million of revenue bonds issued by 295 issuers, primarily consisting of states, counties, cities, towns, villages and school districts. The Company held investments in general obligation bonds in 30 states (including the District of Columbia), including seven states in which the aggregate fair value exceeded $5.0 million. The Company held investments in revenue bonds in 17 states, including two states where the aggregate fair value exceeded $5.0 million.

As of December 31, 2014, the Company’s obligations of state and political subdivisions portfolio was comprised of $183.7 million of general obligation bonds and $37.9 million of revenue bonds issued by 220 issuers, primarily consisting of states, counties, cities, towns, villages and school districts. The Company held investments in general obligation bonds in 23 states (including the District of Columbia), including seven states in which the aggregate fair value exceeded $5.0 million. The Company held investments in revenue bonds in 15 states, including two states where the aggregate fair value exceeded $5.0 million.

The amortized cost and fair values of the Company’s portfolio of general obligation bonds are summarized in the following tables by the issuers’ state:

						Average Exposure
March 31, 2015:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	84	$	65,460	$	66,809	$	795
Wisconsin	37	30,840		31,180		843
Michigan	41	33,041		33,570		819
Pennsylvania	11	13,149		13,226		1,202
Ohio	10	11,038		11,084		1,108
Texas	18	12,299		12,376		688
Iowa	3	6,113		6,191		2,063
Other	51	28,942		29,609		581
Total general obligations bonds	255	$	200,882	$	204,045	$	800

						Average Exposure
December 31, 2014:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	63	$	59,979	$	61,058	$	969
Wisconsin	39	36,165		36,365		932
Michigan	33	30,400		30,739		931
Pennsylvania	10	12,756		12,761		1,276
Ohio	8	9,954		9,922		1,240
Texas	7	7,364		7,313		1,045
Iowa	3	6,116		6,142		2,047
Other	24	18,862		19,370		807
Total general obligations bonds	187	$	181,596	$	183,670	$	982

The general obligation bonds are diversified across many issuers, with $3.4 million being the largest exposure to a single issuer at March 31, 2015 and December 31, 2014. Accordingly, as of March 31, 2015 and December 31, 2014, the Company did not hold general obligation bonds of any single issuer, the aggregate book or market value of which exceeded 10% of the Company’s stockholders’ equity. Of the general obligation bonds in the Company’s portfolio, 98.1% had been rated by at least one nationally recognized statistical rating organization and 1.9% were unrated, based on the fair value as of March 31, 2015. Of the general obligation bonds in the Company’s portfolio, 97.1% had been rated by at least one nationally recognized statistical rating organization and 2.9% were unrated, based on the fair value as of December 31, 2014.

The amortized cost and fair values of the Company’s portfolio of revenue bonds are summarized in the following tables by the issuers’ state:

						Average Exposure
March 31, 2015:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	6	$	7,708	$	7,710	$	1,285
Indiana	11	12,616		12,666		1,151
Other	23	18,933		18,981		825
Total revenue bonds	40	$	39,257	$	39,357	$	984

						Average Exposure
December 31, 2014:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	4	$	6,772	$	6,708	$	1,677
Indiana	8	12,520		12,469		1,559
Other	21	18,721		18,685		890
Total revenue bonds	33	$	38,013	$	37,862	$	1,147

The revenue bonds are diversified across many issuers and revenue sources with $3.0 million being the largest exposure to a single issuer at each of March 31, 2015 and December 31, 2014. Accordingly, as of March 31, 2015 and December 31, 2014, the Company did not hold revenue bonds of any single issuer, the aggregate book or market value of which exceeded 10% of the Company’s stockholders’ equity. All of the revenue bonds in the Company’s portfolio had been rated by at least one nationally recognized statistical rating organization as of March 31, 2015 and December 31, 2014. Some of the primary types of revenue bonds owned in the Company’s portfolio include: primary education or government building lease rentals secured by ad valorem taxes, utility systems secured by utility system net revenues, housing authorities secured by mortgage loans or principal receipts on mortgage loans, secondary education secured by student fees/tuitions, and pooled issuances (i.e. bond bank) consisting of multiple underlying municipal obligors.

Substantially all of the Company’s obligations of state and political subdivision securities are owned by Busey Bank, whose investment policy requires that state and political subdivision securities purchased be investment grade. Busey Bank’s investment policy also limits the amount of rated state and political subdivision securities to an aggregate 100% of the Bank’s Total Risk Based Capital at the time of purchase and an aggregate 15% of Total Risk Based Capital for unrated state and political subdivision securities issued by municipalities having taxing authority or located in counties/micropolitan statistical areas/metropolitan statistical areas in which an office of the Bank is located. The investment policy states fixed income investments that are not Office of the Comptroller of the Currency Type 1 securities (U.S. Treasuries, agencies, municipal government general obligation and, for well-capitalized institutions, most municipal revenue bonds) should be analyzed prior to acquisition to determine that (1) the security has low risk of default by the obligor, and (2) the full and timely repayment of principal and interest is expected over the expected life of the investment. All securities in the Bank’s obligations of state and political subdivision securities portfolio are subject to ongoing review. Factors that may be considered as part of ongoing monitoring of state and political subdivision securities include credit rating changes by nationally recognized statistical rating organizations, market valuations, third-party municipal credit analysis, which may include indicative information regarding the issuer’s capacity to pay, market and economic data and such other factors as are available and relevant to the security or the issuer such as its budgetary position and sources, strength and stability of taxes and/or other revenue.

As of March 31, 2015, the Company’s regular monitoring of its obligations of state and political subdivisions portfolio had not uncovered any facts or circumstances resulting in significantly different credit ratings than those assigned by a nationally recognized statistical rating organization.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

Loans

3 Months Ended

Mar. 31, 2015

Loans

Loans

Note 5: Loans

Geographic distributions of loans were as follows:

	March 31, 2015
	Illinois		Florida		Indiana		Total
	(dollars in thousands)
Commercial	$	544,059	$	13,378	$	29,267	$	586,704
Commercial real estate	848,166		166,012		123,239		1,137,417
Real estate construction	48,496		14,025		28,541		91,062
Retail real estate	531,642		109,305		11,948		652,895
Retail other	16,192		581		—		16,773
Total	$	1,988,555	$	303,301	$	192,995	$	2,484,851

Less held for sale(1)							18,685
							$	2,466,166
Less allowance for loan losses							47,652
Net loans							$	2,418,514

(1)Loans held for sale are included in retail real estate.

	December 31, 2014
	Illinois		Florida		Indiana		Total
	(dollars in thousands)

Commercial	$	554,779	$	16,739	$	30,242	$	601,760
Commercial real estate	811,034		171,243		121,874		1,104,151
Real estate construction	60,994		17,950		28,110		107,054
Retail real estate	473,171		106,658		12,644		592,473
Retail other	9,690		562		—		10,252
Total	$	1,909,668	$	313,152	$	192,870	$	2,415,690

Less held for sale(1)							10,400
							$	2,405,290

Less allowance for loan losses							47,453

Net loans							$	2,357,837

(1) Loans held for sale are included in retail real estate.

Net deferred loan origination costs included in the tables above were $0.7 million as of March 31, 2015 and $0.6 million as of December 31, 2014. Gross loans increased to $2.48 billion at March 31, 2015 from $2.41 billion at December 31, 2014 as a result of seasonal changes in the legacy loan portfolio offset by the addition of loans obtained as part of the Herget Financial acquisition.

The Company believes that making sound loans is a necessary and desirable means of employing funds available for investment. Recognizing the Company’s obligations to its stockholders, depositors, and to the communities it serves, authorized personnel are expected to seek to develop and make sound, profitable loans that resources permit and that opportunity affords. The Company maintains lending policies and procedures designed to focus lending efforts on the types, locations and duration of loans most appropriate for its business model and markets. While not specifically limited, the Company attempts to focus its lending on short to intermediate-term (0-7 years) loans in geographies within 125 miles of its lending offices. The Company attempts to utilize government-assisted lending programs, such as the Small Business Administration and United States Department of Agriculture lending programs, when prudent. Generally, loans are collateralized by assets, primarily real estate, of the borrowers and guaranteed by individuals. The loans are expected to be repaid primarily from cash flows of the borrowers, or from proceeds from the sale of selected assets of the borrowers.

Management reviews and approves the Company’s lending policies and procedures on a routine basis. Management routinely (at least quarterly) reviews the Company’s allowance for loan losses and reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. The Company’s underwriting standards are designed to encourage relationship banking rather than transactional banking. Relationship banking implies a primary banking relationship with the borrower that includes, at a minimum, an active deposit banking relationship in addition to the lending relationship. The integrity and character of the borrower are significant factors in the Company’s loan underwriting. As a part of underwriting, tangible positive or negative evidence of the borrower’s integrity and character are sought out. Additional significant underwriting factors beyond location, duration, a sound and profitable cash flow basis and the borrower’s character are the quality of the borrower’s financial history, the liquidity of the underlying collateral and the reliability of the valuation of the underlying collateral.

Total borrowing relationships, including direct and indirect debt, are generally limited to $20 million, which is significantly less than the Company’s regulatory lending limit. Borrowing relationships exceeding $20 million are reviewed by the Company’s board of directors at least annually and more frequently by management. At no time is a borrower’s total borrowing relationship permitted to exceed the Company’s regulatory lending limit. Loans to related parties, including executive officers and the Company’s various directorates, are reviewed for compliance with regulatory guidelines by the Company’s board of directors at least annually.

The Company maintains an independent loan review department that reviews the loans for compliance with the Company’s loan policy on a periodic basis. In addition to compliance with this policy, the loan review process reviews the risk assessments made by the Company’s credit department, lenders and loan committees. Results of these reviews are presented to management and the audit committee at least quarterly.

The Company’s lending can be summarized into five primary areas: commercial loans, commercial real estate loans, real estate construction loans, retail real estate loans, and other retail loans. A description of each of the lending areas can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The significant majority of the lending activity occurs in the Company’s Illinois and Indiana markets, with the remainder in the Florida market. Due to the small scale of the Indiana loan portfolio and its geographical proximity to the Illinois portfolio, the Company believes that quantitative or qualitative segregation between Illinois and Indiana is not material or warranted.

The Company utilizes a loan grading scale to assign a risk grade to all of its loans. Loans are graded on a scale of 1 through 10 with grades 2, 4 & 5 unused. A description of the general characteristics of the grades is as follows:

Grades 1, 3, 6- These grades include loans which are all considered strong credits, with grade 1 being investment or near investment grade. A grade 3 loan is comprised of borrowers that exhibit credit fundamentals that exceed industry standards and loan policy guidelines. A grade 6 loan is comprised of borrowers that exhibit acceptable credit fundamentals.

Grade 7- This grade includes loans on management’s “Watch List” and is intended to be utilized on a temporary basis for a pass grade borrower where a significant risk-modifying action is anticipated in the near future.

Grade 8- This grade is for “Other Assets Specially Mentioned” loans that have potential weaknesses which may, if not checked or corrected, weaken the asset or inadequately protect the Company’s credit position at some future date.

Grade 9- This grade includes “Substandard” loans, in accordance with regulatory guidelines, for which the accrual of interest has not been stopped. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected.

Grade 10- This grade includes “Doubtful” loans that have all the characteristics of a substandard loan with additional factors that make collection in full highly questionable and improbable. Such loans are placed on non-accrual status and may be dependent on collateral having a value that is difficult to determine.

All loans are graded at the inception of the loan. All commercial loans that are $1.0 million or less are processed through an expedited underwriting process. If the credit receives a pass grade it is aggregated into a homogenous pool of either: $0.35 million or less or $0.35 million to $1.0 million. These pools are monitored on a quarterly basis for the first year, semiannually in the second year and annually thereafter. Homogenous pool credits which are subsequently downgraded to a grading of 7 or worse are subject to the same portfolio review as loans over $1.0 million. All commercial loans greater than $1.0 million receive a portfolio review at least annually. Commercial loans greater than $1.0 million that have a grading of 7 receive a portfolio review twice per year. Commercial loans greater than $1.0 million that have a grading of 8 or worse receive a portfolio review on a quarterly basis. Interim grade reviews may take place if circumstances of the borrower warrant a more timely review.

Loans in the highest grades, represented by grades 1, 3, 6 and 7, totaled $2.32 billion at March 31, 2015 compared to $2.28 billion at December 31, 2014. Loans in the lowest grades, represented by grades 8, 9 and 10, totaled $140.0 million at March 31, 2015, compared to $124.0 million at December 31, 2014. The March 31, 2015 totals reflect the post-combination results of acquiring Herget Financial.

The following table presents weighted average risk grades segregated by category of loans (excluding held for sale, loan accretion, non-posted and clearings) and geography:

	March 31, 2015
	Weighted Avg. Risk Grade	Grades 1,3,6		Grade 7		Grade 8		Grade 9		Grade 10
	(dollars in thousands)
Illinois/Indiana
Commercial	4.89	$	532,050	$	25,763	$	10,603	$	4,171	$	995
Commercial real estate	5.69	862,408		58,604		26,956		21,582		3,370
Real estate construction	6.32	60,610		4,117		10,858		1,148		381
Retail real estate	3.81	497,348		12,772		9,124		3,001		2,295
Retail other	4.77	14,942		23		587		—		458
Total Illinois/Indiana		$	1,967,358	$	101,279	$	58,128	$	29,902	$	7,499

Florida
Commercial	5.11	$	11,638	$	135	$	73	$	582	$	950
Commercial real estate	6.14	117,557		18,560		14,001		15,357		537
Real estate construction	6.27	12,577		—		605		828		15
Retail real estate	4.04	84,240		11,486		9,295		1,021		1,201
Retail other	3.06	574		—		7		—		—
Total Florida		$	226,586	$	30,181	$	23,981	$	17,788	$	2,703
Total		$	2,193,944	$	131,460	$	82,109	$	47,690	$	10,202

	December 31, 2014
	Weighted Avg. Risk Grade	Grades 1, 3, 6		Grade 7		Grade 8		Grade 9		Grade 10
	(dollars in thousands)
Illinois/Indiana
Commercial	4.80	$	542,796	$	27,032	$	8,549	$	5,498	$	1,146
Commercial real estate	5.67	819,708		64,975		25,719		19,821		2,685
Real estate construction	5.91	71,074		5,332		11,448		1,204		46
Retail real estate	3.46	453,560		10,478		4,569		3,179		1,414
Retail other	3.21	9,632		26		24		—		8
Total Illinois/Indiana		$	1,896,770	$	107,843	$	50,309	$	29,702	$	5,299

Florida
Commercial	5.40	$	13,455	$	105	$	78	$	1,459	$	1,642
Commercial real estate	6.00	123,807		25,520		6,002		15,404		510
Real estate construction	6.21	16,475		—		615		842		18
Retail real estate	4.09	82,185		11,686		9,601		1,031		1,531
Retail other	2.94	562		—		—		—		—
Total Florida		$	236,484	$	37,311	$	16,296	$	18,736	$	3,701
Total		$	2,133,254	$	145,154	$	66,605	$	48,438	$	9,000

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on non-accrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of the principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

An age analysis of past due loans still accruing and non-accrual loans is as follows:

	March 31, 2015
	Loans past due, still accruing						Non-accrual
	30-59 Days		60-89 Days		90+Days		Loans
	(dollars in thousands)
Illinois/Indiana
Commercial $	1,471		$	406	$	140	$	995
Commercial real estate	183		120		—		3,370
Real estate construction	67		—		—		381
Retail real estate	1,186		138		49		2,295
Retail other	15		17		—		458
Total Illinois/Indiana	$	2,922	$	681	$	189	$	7,499

Florida
Commercial	$	—	$	—	$	—	$	950
Commercial real estate	—		—		—		537
Real estate construction	—		—		—		15
Retail real estate	—		113		—		1,201
Retail other	—		—		—		—
Total Florida	$	—	$	113	$	—	$	2,703
Total	$	2,922	$	794	$	189	$	10,202

	December 31, 2014
	Loans past due, still accruing						Non-accrual
	30-59 Days		60-89 Days		90+Days		Loans
	(dollars in thousands)
Illinois/Indiana
Commercial	$	15	$	105	$	—	$	1,146
Commercial real estate	1,068		—		10		2,685
Real estate construction	—		—		—		46
Retail real estate	488		128		—		1,414
Retail other	15		—		—		8
Total Illinois/Indiana	$	1,586	$	233	$	10	$	5,299

Florida
Commercial	$	—	$	—	$	—	$	1,642
Commercial real estate	—		—		—		510
Real estate construction	—		—		—		18
Retail real estate	—		—		—		1,531
Retail other	—		—		—		—
Total Florida	$	—	$	—	$	—	$	3,701
Total	$	1,586	$	233	$	10	$	9,000

A loan is impaired when, based on current information and events, it is probable the Company will be unable to collect scheduled principal and interest payments when due according to the terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The following loans are assessed for impairment by the Company: loans 60 days or more past due and over $0.25 million, loans graded 8 over $0.5 million and loans graded 9 or 10.

Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of the expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. PCI loans are considered impaired. Large groups of smaller balance homogenous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment disclosures unless such loans are the subject of a restructuring agreement.

The gross interest income that would have been recorded in the three months ended March 31, 2015 if impaired loans had been current in accordance with their original terms was $0.1 million. The amount of interest collected on those loans and recognized on a cash basis that was included in interest income was insignificant for the three months ended March 31, 2015.

The Company’s loan portfolio includes certain loans that have been modified in a troubled debt restructuring (“TDR”), where concessions have been granted to borrowers who have experienced financial difficulties. The Company will restructure loans for its customers who appear to be able to meet the terms of their loan over the long term, but who may be unable to meet the terms of the loan in the near term due to individual circumstances.

The Company considers the customer’s past performance, previous and current credit history, the individual circumstances surrounding the current difficulties and the customer’s plan to meet the terms of the loan in the future prior to restructuring the terms of the loan. Generally, all five primary areas of lending are restructured through short-term interest rate relief, short-term principal payment relief, short-term principal and interest payment relief or forbearance (debt forgiveness). Once a restructured loan has gone 90+ days past due or is placed on non-accrual status, it is included in the non-performing loan totals. A summary of restructured loans as of March 31, 2015 and December 31, 2014 is as follows:

	March 31, 2015		December 31, 2014
	(dollars in thousands)
Restructured loans:
In compliance with modified terms	$	9,697	$	11,866
30 – 89 days past due	155		—
Included in non-performing loans	1,519		1,126
Total	$	11,371	$	12,992

All TDRs are considered to be impaired for purposes of assessing the adequacy of the allowance for loan losses and for financial reporting purposes. When the Company modifies a loan in a TDR, it evaluates any possible impairment similar to other impaired loans based on present value of the expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. If the Company determines that the value of the TDR is less than the recorded investment in the loan, impairment is recognized through an allowance estimate in the period of the modification and in periods subsequent to the modification.

Performing loans classified as TDRs during the three months ended March 31, 2015 included two retail real estate modifications in Illinois/Indiana for short-term principal payment relief, with a recorded investment of $0.1 million and two retail real estate modifications in Florida for short-term principal payment relief, with a recorded investment of $0.3 million.

One performing loan classified as a TDR during the three months ended March 31, 2014 was insignificant.

The gross interest income that would have been recorded in the three months ended March 31, 2015 and 2014 if performing TDRs had been in accordance with their original terms instead of modified terms was insignificant.

TDRs that were entered into during the last twelve months that subsequently were classified as non-performing and had payment defaults (a default occurs when a loan is 90 days or more past due or transferred to non-accrual) during the three months ended March 31, 2015 consisted of one Florida commercial modification totaling $1.0 million.

There were no TDRs that were entered into during the last twelve months that subsequently were classified as non-performing and had payment defaults during the three months ended March 31, 2014.

The following tables provide details of impaired loans, segregated by category and geography. The unpaid contractual principal balance represents the recorded balance prior to any partial charge-offs. The recorded investment represents customer balances net of any partial charge-offs recognized on the loan. The average recorded investment is calculated using the most recent four quarters.

	March 31, 2015
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
Illinois/Indiana
Commercial	$	2,874	$	1,410	$	637	$	2,047	$	546	$	2,430
Commercial real estate	5,460		2,510		2,122		4,632		1,297		4,917
Real estate construction	636		340		41		381		41		1,573
Retail real estate	4,017		3,419		25		3,444		25		2,694
Retail other	525		458		—		458		—		93
Total Illinois/Indiana	$	13,512	$	8,137	$	2,825	$	10,962	$	1,909	$	11,707

Florida
Commercial	$	2,050	$	950	$	—	$	950	$	—	$	520
Commercial real estate	5,753		4,406		1,261		5,667		357		5,112
Real estate construction	606		537		—		537		—		509
Retail real estate	10,214		9,767		—		9,767		—		9,577
Retail other	7		—		7		7		7		6
Total Florida	$	18,630	$	15,660	$	1,268	$	16,928	$	364	$	15,724
Total	$	32,142	$	23,797	$	4,093	$	27,890	$	2,273	$	27,431

	December 31, 2014
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
Illinois/Indiana
Commercial	$	2,944	$	1,376	$	741	$	2,117	$	595	$	2,479
Commercial real estate	4,007		1,140		2,854		3,994		1,975		5,473
Real estate construction	46		—		46		46		46		2,269
Retail real estate	2,794		2,403		25		2,428		25		3,061
Retail other	8		8		—		8		—		2
Total Illinois/Indiana	$	9,799	$	4,927	$	3,666	$	8,593	$	2,641	$	13,284

Florida
Commercial	$	2,742	$	1,642	$	—	$	1,642	$	—	$	330
Commercial real estate	5,775		4,414		1,274		5,688		370		5,032
Real estate construction	620		551		—		551		—		485
Retail real estate	11,181		9,755		350		10,105		150		9,532
Retail other	7		—		7		7		7		5
Total Florida	$	20,325	$	16,362	$	1,631	$	17,993	$	527	$	15,384
Total	$	30,124	$	21,289	$	5,297	$	26,586	$	3,168	$	28,668

Management’s opinion as to the ultimate collectability of loans is subject to estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers.

Allowance for Loan Losses

The allowance for loan losses represents an estimate of the amount of losses believed inherent in the Company’s loan portfolio at the balance sheet date. The allowance for loan losses is evaluated geographically, by class of loans. The allowance calculation involves a high degree of estimation that management attempts to mitigate through the use of objective historical data where available. Loan losses are charged against the allowance for loan losses when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Overall, the Company believes the allowance methodology is consistent with prior periods and the balance was adequate to cover the estimated losses in the Company’s loan portfolio at March 31, 2015 and December 31, 2014.

The general portion of the Company’s allowance contains two components: (i) a component for historical loss ratios, and (ii) a component for adversely graded loans. The historical loss ratio component is an annualized loss rate calculated using a sum-of-years digits weighted 20-quarter historical average.

The Company’s component for adversely graded loans attempts to quantify the additional risk of loss inherent in the grade 8 and grade 9 portfolios. The grade 9 portfolio has an additional allocation placed on those loans determined by a one-year charge-off percentage for the respective loan type/geography. The minimum additional reserve on a grade 9 loan was 3.00% as of March 31, 2015 and December 31, 2014, which is an estimate of the additional loss inherent in these loan grades based upon a review of overall historical charge-offs. As of March 31, 2015, the Company believed this minimum reserve remained adequate.

Grade 8 loans have an additional allocation placed on them determined by the trend difference of the respective loan type/geography’s rolling 12- and 20-quarter historical loss trends. If the rolling 12-quarter average is higher (more current information) than the rolling 20-quarter average, the Company adds the additional amount to the allocation. The minimum additional amount for grade 8 loans was 1.00% as of March 31, 2015 and December 31, 2014, based upon a review of the differences between the rolling 12- and 20-quarter historical loss averages by region. As of March 31, 2015, the Company believed this minimum additional amount remained adequate.

The specific portion of the Company’s allowance relates to loans that are impaired, which includes non-performing loans, TDRs and other loans determined to be impaired. The impaired loans are subtracted from the general loans and are allocated specific reserves as discussed above.

Impaired loans are reported at the fair value of the underlying collateral, less estimated costs to sell, if repayment is expected solely from the collateral. Collateral values are estimated using a combination of observable inputs, including recent appraisals discounted for collateral specific changes and current market conditions, and unobservable inputs based on customized discounting criteria.

The general quantitative allocation based upon historical charge off rates is adjusted for qualitative factors based on current general economic conditions and other qualitative risk factors both internal and external to the Company. In general, such valuation allowances are determined by evaluating, among other things: (i) Management & Staff; (ii) Loan Underwriting, Policy and Procedures; (iii) Internal/External Audit & Loan Review; (iv) Valuation of Underlying Collateral; (v) Macro and Local Economic Factor; (vi) Impact of Competition, Legal & Regulatory Issues; (vii) Nature and Volume of Loan Portfolio; (viii) Concentrations of Credit; (ix) Net Charge-Off Trend; and (x) Non-Accrual, Past Due and Classified Trend. Management evaluates the degree of risk that each one of these components has on the quality of the loan portfolio on a quarterly basis. Based on each component’s risk factor, a qualitative adjustment to the reserve may be applied to the appropriate loan categories.

During the first quarter of 2015, the Company adjusted Illinois/Indiana and Florida qualitative factors relating to Management & Staff, Nature and Volume of Loan Portfolio, and Net Charge-Off Trend. The adjustment of these factors increased our allowance requirements by $3.3 million at March 31, 2015 compared to the method used for December 31, 2014. Adjustments to increase these qualitative factors were made to recognize perceived changing degrees of risk or changing processes, offset decreasing quantitative factors and reflect management’s evaluation of risk. The Company will continue to monitor its qualitative factors on a quarterly basis.

The following table details activity on the allowance for loan losses. Allocation of a portion of the allowance to one category does not preclude its availability to absorb losses in other categories.

	As of and for the Three Months Ended March 31, 2015
	Commercial			Commercial Real Estate			Real Estate Construction			Retail Real Estate			Retail Other			Total
	(dollars in thousands)
Illinois/Indiana
Beginning balance	$	8,869		$	16,434		$	2,590		$	10,745		$	304		$	38,942
Provision for loan loss	(198		)	564			(831		)	1,648			(10		)	1,173
Charged-off	(1		)	(708		)	—			(239		)	(7		)	(955		)
Recoveries	47			35			158			170			8			418
Ending Balance	$	8,717		$	16,325		$	1,917		$	12,324		$	295		$	39,578

Florida
Beginning balance	$	1,172		$	4,205		$	205		$	2,917		$	12		$	8,511
Provision for loan loss	(396		)	(226		)	(26		)	(8		)	(17		)	(673		)
Charged-off	—			—			—			(77		)	—			(77		)
Recoveries	35			209			—			51			18			313
Ending Balance	$	811		$	4,188		$	179		$	2,883		$	13		$	8,074

	As of and for the Three Months Ended March 31, 2014
	Commercial			Commercial Real Estate			Real Estate Construction			Retail Real Estate			Retail Other			Total
	(dollars in thousands)
Illinois/Indiana
Beginning balance	$	8,452		$	16,379		$	2,540		$	6,862		$	216		$	34,449
Provision for loan loss	69			(617		)	(553		)	3,545			42			2,486
Charged-off	(674		)	(284		)	—			(1,275		)	(101		)	(2,334		)
Recoveries	70			20			474			60			56			680
Ending Balance	$	7,917		$	15,498		$	2,461		$	9,192		$	213		$	35,281

Florida
Beginning balance	$	1,926		$	5,733		$	1,168		$	4,287		$	4		$	13,118
Provision for loan loss	256			(275		)	(952		)	(509		)	(6		)	(1,486		)
Charged-off	(20		)	—			—			(20		)	—			(40		)
Recoveries	129			271			17			130			6			553
Ending Balance	$	2,291		$	5,729		$	233		$	3,888		$	4		$	12,145

The following table presents the allowance for loan losses and recorded investments in loans by category and geography:

	As of March 31, 2015
	Commercial		Commercial Real Estate		Real Estate Construction		Retail Real Estate		Retail Other		Total
	(dollars in thousands)
Illinois/Indiana
Amount allocated to:
Loans individually evaluated for impairment	$	546	$	1,297	$	41	$	25	$	—	$	1,909
Loans collectively evaluated for impairment	8,171		15,028		1,876		12,299		295		37,669
Ending Balance	$	8,717	$	16,325	$	1,917	$	12,324	$	295	$	39,578

Loans:
Loans individually evaluated for impairment	$	2,047	$	4,053	$	41	$	3,087	$	289	$	9,517
Loans collectively evaluated for impairment	571,279		966,773		76,656		523,523		15,734		2,153,965
PCI loans evaluated for impairment	—		579		340		357		169		1,445
Ending Balance	$	573,326	$	971,405	$	77,037	$	526,967	$	16,192	$	2,164,927
Florida
Amount allocated to:
Loans individually evaluated for impairment	$	—	$	357	$	—	$	—	$	7	$	364
Loans collectively evaluated for impairment	811		3,831		179		2,883		6		7,710
Ending Balance	$	811	$	4,188	$	179	$	2,883	$	13	$	8,074

Loans:
Loans individually evaluated for impairment	$	950	$	5,667	$	537	$	9,767	$	7	$	16,928
Loans collectively evaluated for impairment	12,428		160,345		13,488		97,476		574		284,311
Ending Balance	$	13,378	$	166,012	$	14,025	$	107,243	$	581	$	301,239

	As of December 31, 2014
	Commercial		Commercial Real Estate		Real Estate Construction		Retail Real Estate		Retail Other		Total
	(dollars in thousands)
Illinois/Indiana
Amount allocated to:
Loans individually evaluated for impairment	$	595	$	1,975	$	46	$	25	$	—	$	2,641
Loans collectively evaluated for impairment	8,274		14,459		2,544		10,720		304		36,301
Ending Balance	$	8,869	$	16,434	$	2,590	$	10,745	$	304	$	38,942

Loans:
Loans individually evaluated for impairment	$	2,117	$	3,994	$	46	$	2,428	$	8	$	8,593
Loans collectively evaluated for impairment	582,904		928,914		89,058		473,611		9,682		2,084,169
Ending Balance	$	585,021	$	932,908	$	89,104	$	476,039	$	9,690	$	2,092,762
Florida
Amount allocated to:
Loans individually evaluated for impairment	$	—	$	370	$	—	$	150	$	7	$	527
Loans collectively evaluated for impairment	1,172		3,835		205		2,767		5		7,984
Ending Balance	$	1,172	$	4,205	$	205	$	2,917	$	12	$	8,511

Loans:
Loans individually evaluated for impairment	$	1,642	$	5,688	$	551	$	10,105	$	7	$	17,993
Loans collectively evaluated for impairment	15,097		165,555		17,399		95,929		555		294,535
Ending Balance	$	16,739	$	171,243	$	17,950	$	106,034	$	562	$	312,528

Foreclosed Real Estate

3 Months Ended

Mar. 31, 2015

Foreclosed Real Estate

Foreclosed Real Estate

Note 6: Foreclosed Real Estate

OREO represents properties acquired through foreclosure or other proceedings in settlement of loans. OREO is held for sale and is recorded at the date of foreclosure at the fair value of the properties less estimated costs of disposal, which establishes a new cost basis. Any adjustment to fair value at the time of transfer to OREO is charged to the allowance for loan losses. Property is evaluated regularly to ensure the recorded amount is supported by its current fair value, and valuation allowances to reduce the carrying amount to fair value less estimated costs to dispose are recorded as necessary. Revenue, expense, gains and losses from the operations of foreclosed assets are included in operations. At March 31, 2015, the Company held $0.1 million in commercial OREO, $0.2 million in residential OREO and an insignificant amount of other repossessed assets. At December 31, 2014, the Company held $0.2 million of other repossessed assets. The following table summarizes activity related to OREO:

	Three Months Ended March 31, 2015			Year Ended December 31, 2014
	(dollars in thousands)
OREO:
Beginning balance	$	216		$	2,133
Additions, transfers from loans	192			660
Additions, fair value from Herget Financial acquisition	284			—
Proceeds from sales of OREO	(425		)	(2,739		)
Gain on sales of OREO	48			162
Valuation allowance for OREO	—			—
Ending balance	$	315		$	216

At March 31, 2015 the Company had $0.7 million of residential real estate in the process of foreclosure.

- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 40
-Section 40
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6905009&loc=d3e18551-111553

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 40
-Section 40
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6905009&loc=d3e18511-111553

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28367877&loc=d3e4437-111522

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 35
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=29634951&loc=d3e1424-110224

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.10(4))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 35
-Paragraph 43
-URI http://asc.fasb.org/extlink&oid=29634951&loc=d3e1739-110224

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 10
-Subparagraph 4
-Article 9

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 11
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph c
-Subparagraph Schedule III
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 28
-Article 12

+ Details

Securities Sold Under Agreements to Repurchase

3 Months Ended

Mar. 31, 2015

Securities Sold Under Agreements to Repurchase

Securities Sold Under Agreements to Repurchase

Note 7: Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase, which are classified as secured borrowings, generally mature either daily or within one year from the transaction date. Securities sold under agreements to repurchase are reflected at the amount of cash received in connection with the transaction. The underlying securities are held by the Company’s safekeeping agent. The Company may be required to provide additional collateral based on the fair value of the underlying securities. The following table sets forth the distribution of securities sold under agreements to repurchase and weighted average interest rates:

	March 31, 2015			December 31, 2014
	(dollars in thousands)
Balance at end of period	$	183,675		$	198,893
Weighted average interest rate at end of period	0.09		%	0.14		%
Maximum outstanding at any month end in year-to-date period	$	191,531		$	198,893
Average daily balance for the year-to-date period	$	186,663		$	148,452
Weighted average interest rate during period (1)	0.11		%	0.12		%

(1)The weighted average interest rate is computed by dividing total interest for the year-to-date period by the average daily balance outstanding.

Earnings Per Common Share

3 Months Ended

Mar. 31, 2015

Earnings Per Common Share

Earnings Per Common Share

Note 8: Earnings Per Common Share

Earnings per common share have been computed as follows:

	Three Months Ended March 31,
	2015		2014
	(in thousands, except per share data)
Net income available to common stockholders	$	7,579	$	7,705
Shares:
Weighted average common shares outstanding	86,957		86,866

Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method	551		365

Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation	87,508		87,231

Basic earnings per common share	$	0.09	$	0.09

Diluted earnings per common share	$	0.09	$	0.09

Basic earnings per share are computed by dividing net income available to common stockholders for the period by the weighted average number of common shares outstanding, which include deferred stock units that are vested but not delivered.

Diluted earnings per common share is computed using the treasury stock method and reflects the potential dilution that could occur if the Company’s outstanding stock options were exercised and restricted stock units were vested. Stock options and restricted stock units for which the exercise or the grant price exceeds the average market price over the period have an anti-dilutive effect and are excluded from the calculation. At March 31, 2015, 261,306 outstanding options and 573,833 warrants were anti-dilutive and excluded from the calculation of common stock equivalents. At March 31, 2014, 482,430 outstanding options and 573,833 warrants were anti-dilutive and excluded from the calculation of common stock equivalents.

Stock-based Compensation

3 Months Ended

Mar. 31, 2015

Stock-based Compensation

Stock-based Compensation

Note 9: Stock-based Compensation

The Company grants share-based compensation awards to its employees and members of its board of directors as provided for under the Company’s 2010 Equity Incentive Plan. The Company currently grants share-based compensation in the form of restricted stock units (“RSUs”) and deferred stock units (“DSUs”). The Company grants RSUs to members of management periodically throughout the year. Each RSU is equivalent to one share of the Company’s common stock. These units have a requisite service period ranging from one to five years. The Company annually grants share-based awards in the form of DSUs, which are RSUs with a deferred settlement date, to its board of directors. Each DSU is equivalent to one share of the Company’s common stock. The DSUs vest over a twelve-month period following the grant date or on the next annual shareholder’s meeting, whichever is earlier. These units generally are subject to the same terms as RSUs under the Company’s 2010 Equity Incentive Plan, except that, following vesting, settlement occurs within 30 days following the earlier of separation from the board or a change in control of the Company. Subsequent to vesting and prior to delivery, these units will continue to earn dividend equivalents. The Company also has outstanding stock options granted prior to 2011.

Under the terms of the Company’s 2010 Equity Incentive Plan, the Company is allowed, but not required, to source stock option exercises and grants of RSUs and DSUs from its inventory of treasury stock. As of March 31, 2015, the Company held 1,390,690 shares in treasury. On February 3, 2015, First Busey announced that its board of directors approved a repurchase plan under which the Company is authorized to repurchase, from time to time as the Company deems appropriate, up to an aggregate of two million shares of its common stock. The repurchase plan has no expiration date and replaced the prior repurchase plan that was originally approved in 2008.

A description of the 2010 Equity Incentive Plan can be found in the Company’s Proxy Statement for the 2015 Annual Meeting of Stockholders. The Company’s 2010 Equity Incentive Plan is designed to encourage ownership of its common stock by its employees and directors, to provide additional incentive for them to promote the success of its business, and to attract and retain talented personnel. All of the Company’s employees and directors, and those of its subsidiaries, are eligible to receive awards under the plan.

A summary of the status of and changes in the Company’s stock option awards for the three months ended March 31, 2015 follows:

		Weighted-		Weighted-
		Average		Average
		Exercise		Remaining Contractual
	Shares	Price		Term
Outstanding at beginning of year	510,130	$	16.33
Granted	—	—
Exercised	—	—
Expired	143,824	19.09
Outstanding at end of period	366,306	$	15.24	2.09
Exercisable at end of period	366,306	$	15.24	2.09

The Company did not record any stock option compensation expense for the three months ended March 31, 2015 or 2014.

A summary of the changes in the Company’s stock unit awards for the three months ended March 31, 2015, is as follows:

			Director				Weighted-
	Restricted		Deferred				Average
	Stock		Stock				Grant Date
	Units		Units		Total		Fair Value
Non-vested at beginning of year	1,183,870		55,745		1,239,615		$	5.25
Granted	—		—		—		—
Dividend Equivalents Earned	9,610		1,185		10,795		6.16
Vested	(13,870	)	(733	)	(14,603	)	5.09
Forfeited	—		—		—		—
Non-vested at end of period	1,179,610		56,197		1,235,807		$	5.26
Outstanding at end of period	1,179,610		147,243		1,326,853		$	5.25

All recipients earn quarterly dividend equivalents on their respective units. These dividend equivalents are not paid out during the vesting period, but instead entitle the recipients to additional units. Therefore, dividends earned each quarter compound based upon the updated unit balances. Upon vesting/delivery, shares are expected (though not required) to be issued from treasury.

The Company recognized $0.3 million and $0.2 million of compensation expense related to non-vested stock units for the three months ended March 31, 2015 and 2014. As of March 31, 2015, there was $3.2 million of total unrecognized compensation cost related to these non-vested stock units. This cost is expected to be recognized over a period of 3.4 years.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2015
Income Taxes
Income Taxes	Note 10: Income Taxes At March 31, 2015, the Company was under examination by the Illinois Department of Revenue for the Company’s 2011 and 2012 income tax filings.

Outstanding Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2015

Commitments, Contingencies and Credit Risk

Outstanding Commitments and Contingent Liabilities

Note 11: Outstanding Commitments and Contingent Liabilities

Legal Matters

The Company is a party to legal actions which arise in the normal course of its business activities. In the opinion of management, the ultimate resolution of these matters is not expected to have a material effect on the financial position or the results of operations of the Company.

Credit Commitments and Contingencies

The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Balance Sheets.

The Company’s exposure to credit loss is represented by the contractual amount of those commitments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. A summary of the contractual amount of the Company’s exposure to off-balance-sheet risk relating to the Company’s commitments to extend credit and standby letters of credit follows:

	March 31, 2015		December 31, 2014
	(dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	592,716	$	561,439
Standby letters of credit	21,046		20,466

Commitments to extend credit are agreements to lend to a customer as long as no condition established in the contract has been violated. These commitments are generally at variable interest rates and generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the customer.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer’s obligation to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including bond financing and similar transactions and primarily have terms of one year or less. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds collateral, which may include accounts receivable, inventory, property and equipment, and income producing properties, supporting those commitments if deemed necessary. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Company would be required to fund the commitment. The maximum potential amount of future payments the Company could be required to make is represented by the contractual amount shown in the summary above. If the commitment is funded, the Company would be entitled to seek recovery from the customer. As of March 31, 2015 and December 31, 2014, no amounts were recorded as liabilities for the Company’s potential obligations under these guarantees.

Capital

3 Months Ended

Mar. 31, 2015

Capital

Capital

Note 12: Capital

The ability of the Company to pay cash dividends to its stockholders and to service its debt historically was dependent on the receipt of cash dividends from its subsidiaries. However, Busey Bank sustained significant losses during 2008 and 2009 resulting in pressure on its capital, which was relieved through injections of capital from the Company. State chartered banks have certain statutory and regulatory restrictions on the amount of cash dividends they may pay. Due to the significant losses in the past and the Company’s desire to maintain a strong capital position at Busey Bank, no dividends have been paid from Busey Bank since 2009. Until such time as retained earnings have been restored, Busey Bank will not be permitted to pay dividends, and we will need to request permission from Busey Bank’s primary regulator to distribute any capital out of Busey Bank. On January 22, 2013, with the approval of its primary regulator, Busey Bank transferred $50.0 million to the Company, representing a return of capital and associated surplus as a result of an amendment to Busey Bank’s charter. Further, on October 22, 2014, with the approval of its primary regulator, Busey Bank transferred $60.0 million to the Company, representing a return of capital and associated surplus as a result of a further amendment to Busey Bank’s charter.

The Company and Busey Bank are subject to regulatory capital requirements administered by federal and state banking agencies that involve the quantitative measure of their assets, liabilities, and certain off-balance-sheet items, as calculated under regulatory accounting practices. Quantitative measures established by regulations to ensure capital adequacy require the Company and Busey Bank to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 capital and Common Equity Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined in the regulations), and, for the Bank, Tier 1 capital (as defined in the regulations) to average assets (as defined in the regulations). Failure to meet minimum capital requirements may cause regulatory bodies to initiate certain discretionary and/or mandatory actions that, if undertaken, may have a direct material effect on our financial statements. The Company, as a financial holding company, is required to be “well capitalized” in the capital categories shown in the table below. As of March 31, 2015, the Company and Busey Bank met all capital adequacy requirements to which they were subject, including the guidelines to be considered “well capitalized.”

					Minimum				Minimum To Be
	Actual				Capital Requirement				Well Capitalized
As of March 31, 2015:	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(dollars in thousands)
Total Capital (to Risk Weighted Assets)
Consolidated	$	490,842	17.64	%	$	222,584	8.00	%	$	278,229	10.00	%
Busey Bank	$	425,831	15.44	%	$	220,679	8.00	%	$	275,849	10.00	%
Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	455,320	16.36	%	$	166,938	6.00	%	$	222,584	8.00	%
Busey Bank	$	390,604	14.16	%	$	165,509	6.00	%	$	220,679	8.00	%

Common Equity Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	327,656	11.78	%	$	125,204	4.50	%	$	180,849	6.50	%
Busey Bank	$	390,604	14.16	%	$	124,132	4.50	%	$	179,302	6.50	%
Tier 1 Capital (to Average Assets)
Consolidated	$	455,320	11.80	%	$	154,330	4.00	%	N/A		N/A
Busey Bank	$	390,604	10.25	%	$	152,459	4.00	%	$	190,573	5.00	%

On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) into law, which required the Board of Governors of the Federal Reserve System to establish minimum capital levels for bank holding companies on a consolidated basis that are as stringent as those required for insured depository institutions. The components of Tier 1 capital were restricted to capital instruments that at the time of signing were considered to be Tier 1 capital for insured depository institutions. As a result, the proceeds of trust preferred securities are excluded from Tier 1 capital unless such securities were issued prior to May 19, 2010 by bank holding companies with less than $15.0 billion of assets. As the Company has assets of less than $15.0 billion, it is able to maintain its trust preferred proceeds as Tier 1 capital but it will have to comply with new capital mandates in other respects, and it will not be able to raise Tier 1 capital through the issuance of trust preferred securities in the future.

In July 2013, the U.S. federal banking authorities approved the implementation of the Basel III regulatory capital reforms and issued rules effecting certain changes required by the Dodd-Frank Act (the “Basel III Rules”). The Basel III Rules are applicable to all U.S. banks that are subject to minimum capital requirements, as well as to bank and savings and loan holding companies other than “small bank holding companies” (generally bank holding companies with consolidated assets of less than $1 billion). The Basel III Rules not only increased most of the required minimum regulatory capital ratios, but they also introduced a new Common Equity Tier 1 Capital ratio and the concept of a capital conservation buffer. The Basel III Rules also expanded the definition of capital as in effect currently by establishing criteria that instruments must meet to be considered Additional Tier 1 Capital (Tier 1 Capital in addition to Common Equity) and Tier 2 Capital. A number of instruments that generally qualified as Tier 1 Capital no longer qualify, or their qualifications changed, as the Basel III Rules are fully implemented.

The Basel III Rules also permitted banking organizations with less than $15.0 billion in assets to retain, through a one-time election, the past treatment for accumulated other comprehensive income, which did not affect regulatory capital. First Busey and the Bank made this election in the first quarter of 2015 to avoid variations in the level of their capital depending on fluctuations in the fair value of their securities portfolio. The Basel III Rules maintained the general structure of the prompt corrective action framework, while incorporating increased requirements. The prompt corrective action guidelines were also revised to add the Common Equity Tier 1 Capital ratio. In order to be a “well-capitalized” depository institution under the new Basel III Rules, a bank and holding company must maintain a Common Equity Tier 1 Capital ratio of 6.5% or more; a Tier 1 Capital ratio of 8% or more; a Total Capital ratio of 10% or more; and a leverage ratio of 5% or more. Financial institutions became subject to the new Basel III Rules on January 1, 2015, with phase-in periods for many of the changes. As of March 31, 2015, the Company and the Bank were in compliance with the current phase Basel III Rules and management believes that the Company and the Bank would meet all capital adequacy requirements under the Basel III Rules on a fully phased-in basis as if such requirements had been in effect.

- Definition

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

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+ Details

Reportable Segments and Related Information

3 Months Ended

Mar. 31, 2015

Reportable Segments and Related Information

Reportable Segments and Related Information

Note 13: Reportable Segments and Related Information

The Company has three reportable segments, Busey Bank, FirsTech and Busey Wealth Management. Busey Bank provides a full range of banking services to individual and corporate customers through its branch network in downstate Illinois, through its branch in Indianapolis, Indiana, and through its branch network in southwest Florida. FirsTech provides remittance processing for online bill payments, lockbox and walk-in payments. Busey Wealth Management is the parent company of Busey Trust Company, which provides a full range of asset management, investment and fiduciary services to individuals, businesses and foundations, tax preparation and philanthropic advisory services.

The Company’s three reportable segments are strategic business units that are separately managed as they offer different products and services and have different marketing strategies. The other category consists of the Parent Company and the elimination of intercompany transactions.

The segment financial information provided below has been derived from the internal accounting system used by management to monitor and manage the financial performance of the Company. The accounting policies of the three segments are the same as those described in the summary of significant accounting policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Following is a summary of selected financial information for the Company’s business segments (dollars in thousands):

	Goodwill				Total Assets
	March 31,		December 31,		March 31,		December 31,
	2015		2014		2015		2014
Goodwill & Total Assets:
Busey Bank	$	4,824	$	—	$	3,859,021	$	3,589,419
FirsTech	8,992		8,992		28,847		28,540
Busey Wealth Management	11,694		11,694		31,067		31,196
Other	—		—		18,249		16,452
Total	$	25,510	$	20,686	$	3,937,184	$	3,665,607

	Three Months Ended March 31,
	2015			2014
Interest income:
Busey Bank	$	28,189		$	26,181
FirsTech	13			12
Busey Wealth Management	71			64
Other	(10		)	(6		)
Total interest income	$	28,263		$	26,251

Interest expense:
Busey Bank	$	1,310		$	1,410
FirsTech	—			—
Busey Wealth Management	—			—
Other	283			284
Total interest expense	$	1,593		$	1,694

Other income:
Busey Bank	$	8,969		$	8,227
FirsTech	2,532			2,387
Busey Wealth Management	4,679			4,541
Other	(215		)	(169		)
Total other income	$	15,965		$	14,986

Other expense:
Busey Bank	$	24,300		$	21,044
FirsTech	1,946			1,872
Busey Wealth Management	3,135			2,903
Other	1,166			799
Total other expense	$	30,547		$	26,618

Income before income taxes
Busey Bank	$	11,048		$	10,954
FirsTech	599			528
Busey Wealth Management	1,615			1,702
Other	(1,674		)	(1,259		)
Total income before income taxes	$	11,588		$	11,925

Net income:
Busey Bank	$	7,278		$	7,279
FirsTech	358			309
Busey Wealth Management	963			1,002
Other	(838		)	(703		)
Total net income	$	7,761		$	7,887

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Fair Value Measurements

3 Months Ended

Mar. 31, 2015

Fair Value Measurements

Fair Value Measurements

Note 14: Fair Value Measurements

The fair value of an asset or liability is the price that would be received by selling that asset or paid in transferring that liability in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. FASB ASC Topic 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:

Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 Inputs - Inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.

Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.

A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to those Company assets and liabilities that are carried at fair value.

There were no transfers between levels during the quarter ended March 31, 2015.

In general, fair value is based upon quoted market prices, when available. If such quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable data. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect, among other things, counterparty credit quality and the company’s creditworthiness as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Furthermore, the reported fair value amounts have not been comprehensively revalued since the presentation dates and, therefore, estimates of fair value after the balance sheet date may differ significantly from the amounts presented herein.

Securities Available for Sale. Securities classified as available for sale are reported at fair value utilizing level 1 and level 2 measurements. For mutual funds and other equity securities, unadjusted quoted prices in active markets for identical assets are utilized to determine fair value at the measurement date and have been classified as level 1 in the ASC 820 fair value hierarchy. For all other securities, the Company obtains fair value measurements from an independent pricing service. The independent pricing service evaluations are based on market data. The independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information. Because many fixed income securities do not trade on a daily basis, the independent pricing service evaluated pricing applications apply available information as applicable through processes such as benchmark curves, benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. In addition, the independent pricing service uses model processes, such as the Option Adjusted Spread model, to assess interest rate impact and develop prepayment scenarios. The models and processes take into account market convention. For each asset class, a team of evaluators gathers information from market sources and integrates relevant credit information, perceived market movements and sector news into the evaluated pricing applications and models.

The market inputs that the independent pricing service normally seeks for evaluations of securities, listed in approximate order of priority, include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data including market research publications. The independent pricing service also monitors market indicators, industry and economic events. Information of this nature is a trigger to acquire further market data. For certain security types, additional inputs may be used or some of the market inputs may not be applicable. Evaluators may prioritize inputs differently on any given day for any security based on market conditions, and not all inputs listed are available for use in the evaluation process for each security evaluation on a given day. Because the data utilized was observable, the securities have been classified as level 2 in the ASC 820 fair value hierarchy.

Derivative Assets and Derivative Liabilities. Derivative assets and derivative liabilities are reported at fair value utilizing level 2 measurements. Derivative instruments with positive fair values are reported as an asset and derivative instruments with negative fair value are reported as liabilities. The fair value of derivative assets and liabilities is determined based on prices obtained from a third party. Values of derivative assets and liabilities are primarily based on observable inputs and are classified as level 2 in the ASC 820 fair value hierarchy.

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
March 31, 2015	(dollars in thousands)
Securities available for sale
U.S. Treasury securities	$	—	$	65,930	$	—	$	65,930
Obligations of U.S. government corporations and agencies	—		157,385		—		157,385
Obligations of states and political subdivisions	—		209,081		—		209,081
Residential mortgage-backed securities	—		280,901		—		280,901
Corporate debt securities	—		110,902		—		110,902
Mutual funds and other equity securities	7,415		—		—		7,415
Derivative assets
Foreign currency forward contracts	—		18		—		18

	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
December 31, 2014	(dollars in thousands)
Securities available for sale
U.S. Treasury securities	$	—	$	50,606	$	—	$	50,606
Obligations of U.S. government corporations and agencies	—		167,010		—		167,010
Obligations of states and political subdivisions	—		220,161		—		220,161
Residential mortgage-backed securities	—		235,636		—		235,636
Corporate debt securities	—		79,307		—		79,307
Mutual funds and other equity securities	6,345		—		—		6,345
Derivative assets
Foreign currency forward contracts	—		15		—		15

Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment).

Impaired Loans. The Company does not record loans at fair value on a recurring basis. However, periodically, a loan is considered impaired and is reported at the fair value of the underlying collateral, less estimated costs to sell, if repayment is expected solely from the collateral. Impaired loans measured at fair value typically consist of loans on non-accrual status and restructured loans in compliance with modified terms. Collateral values are estimated using a combination of observable inputs, including recent appraisals, and unobservable inputs based on customized discounting criteria. Due to the significance of the unobservable inputs, all impaired loan fair values have been classified as level 3 in the ASC 820 fair value hierarchy.

OREO. Non-financial assets and non-financial liabilities measured at fair value include OREO (upon initial recognition or subsequent impairment). OREO properties are measured using a combination of observable inputs, including recent appraisals, and unobservable inputs based on customized discounting criteria. Due to the significance of the unobservable inputs, all OREO fair values have been classified as level 3 in the ASC 820 fair value hierarchy.

The following table summarizes assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2015 and December 31, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
	(dollars in thousands)
March 31, 2015
Impaired loans	$	—	$	—	$	1,820	$	1,820
OREO	—		—		208		208

December 31, 2014
Impaired loans	$	—	$	—	$	2,129	$	2,129

The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized level 3 inputs to determine fair value:

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value		Valuation	Unobservable	Range
	Estimate		Techniques	Input	(Weighted Average)
	(dollars in thousands)

March 31, 2015
Impaired loans	$	1,820	Appraisal of collateral	Appraisal adjustments	-6.9% to -100.0% (-51.1%)
OREO	208		Appraisal of collateral	Appraisal adjustments	-32.7% to -100.0% (-84.7%)
December 31, 2014

Impaired loans	$	2,129	Appraisal of collateral	Appraisal adjustments	-7.7% to -100.0% (-54.3%)

The estimated fair values of financial instruments that are reported at amortized cost in the Company’s Consolidated Balance Sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value, were as follows:

	March 31, 2015				December 31, 2014
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(dollars in thousands)
Financial assets:
Level 2 inputs:
Cash and due from banks	$	428,936	$	428,936	$	339,438	$	339,438
Securities held to maturity	35,037		35,387		2,373		2,425
Loans held for sale	18,685		19,039		10,400		10,634
Accrued interest receivable	12,491		12,491		11,187		11,187
Level 3 inputs:
Loans, net	2,418,514		2,440,340		2,357,837		2,360,000

Financial liabilities:
Level 2 inputs:
Deposits	$	3,183,885	$	3,184,855	$	2,900,848	$	2,900,763
Securities sold under agreements to repurchase	183,675		183,675		198,893		198,893
Long-term debt	50,000		50,000		50,000		50,000
Junior subordinated debt owed to unconsolidated trusts	55,000		55,000		55,000		55,000
Accrued interest payable	499		499		507		507

The fair value of loans, net reflects general changes in the interest rate curve used to calculate fair values based on cash flows.

FASB ASC Topic 825 requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. A detailed description of the valuation methodologies used in estimating the fair value of financial instruments is set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Acquisitions

Schedule of preliminary assessment of the assets purchased and liabilities assumed

The following table provides a preliminary assessment of the assets purchased and liabilities assumed (dollars in thousands):

Cash and due from banks	$	46,214
Securities	111,760
Loans held for sale	1,933
Loans	105,207
Premises and equipment	2,034
Goodwill	4,824
Other intangible assets	3,937
Other assets	2,931
Deposits	241,901
Other liabilities	2,839

Securities (Tables)

3 Months Ended

Mar. 31, 2015

Securities

Schedule of amortized cost, unrealized gains and losses and fair values of securities classified available for sale and held to maturity

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
March 31, 2015:	Cost		Gains		Losses			Value
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	65,182	$	748	$	—		$	65,930
Obligations of U.S. government corporations and agencies	156,404		994		(13		)	157,385
Obligations of states and political subdivisions	206,112		3,194		(225		)	209,081
Residential mortgage-backed securities	274,279		6,648		(26		)	280,901
Corporate debt securities	109,788		1,136		(22		)	110,902
Total debt securities	811,765		12,720		(286		)	824,199
Mutual funds and other equity securities	6,118		1,297		—			7,415
Total	$	817,883	$	14,017	$	(286	)	$	831,614

Held to maturity
Obligations of states and political subdivisions	$	34,027	$	320	$	(26	)	$	34,321
Commercial mortgage-backed securities	1,010		56		—			1,066
Total	$	35,037	$	376	$	(26	)	$	35,387

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
December 31, 2014:	Cost		Gains		Losses			Value
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	50,280	$	328	$	(2	)	$	50,606
Obligations of U.S. government corporations and agencies	166,207		981		(178		)	167,010
Obligations of states and political subdivisions	218,250		2,672		(761		)	220,161
Residential mortgage-backed securities	230,596		5,062		(22		)	235,636
Corporate debt securities	79,087		296		(76		)	79,307
Total debt securities	744,420		9,339		(1,039		)	752,720
Mutual funds and other equity securities	4,944		1,401		—			6,345
Total	$	749,364	$	10,740	$	(1,039	)	$	759,065

Held to maturity
Obligations of states and political subdivisions	$	1,359	$	15	$	(3	)	$	1,371
Commercial mortgage-backed securities	1,014		40		—			1,054
Total	$	2,373	$	55	$	(3	)	$	2,425

Schedule of amortized cost and fair value of debt securities available for sale and held to maturity by contractual maturity

	Available for sale				Held to maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(dollars in thousands)
Due in one year or less	$	121,390	$	121,890	$	1,075	$	1,077
Due after one year through five years	371,768		375,370		6,249		6,286
Due after five years through ten years	134,541		138,857		19,337		19,585
Due after ten years	184,066		188,082		8,376		8,439
Total	$	811,765	$	824,199	$	35,037	$	35,387

Schedule of realized gains and losses related to sales of securities available for sale

	Three Months Ended March 31,
	2015		2014
	(dollars in thousands)
Gross security gains	$	1	$	57
Gross security (losses)	—		(14		)
Net security gains	$	1	$	43

Schedule of securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in continuous loss position

	Continuous unrealized losses existing for less than 12 months, gross					Continuous unrealized losses existing for greater than 12 months, gross					Total, gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
March 31, 2015:	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Available for sale
Obligations of U.S. government corporations and agencies	$	—	$	—		$	10,142	$	(13	)	$	10,142	$	(13	)
Obligations of states and political subdivisions	11,118		(45		)	20,238		(180		)	31,356		(225		)
Residential mortgage-backed securities	9,484		(26		)	—		—			9,484		(26		)
Corporate debt securities	8,212		(22		)	—		—			8,212		(22		)
Total temporarily impaired securities	$	28,814	$	(93	)	$	30,380	$	(193	)	$	59,194	$	(286	)

Held to maturity
Obligations of states and political subdivisions	$	1,952	$	(26	)	$	—	$	—		$	1,952	$	(26	)
Total temporarily impaired securities	$	1,952	$	(26	)	$	—	$	—		$	1,952	$	(26	)

	Continuous unrealized losses existing for less than 12 months, gross					Continuous unrealized losses existing for greater than 12 months, gross					Total, gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
December 31, 2014:	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	—	$	—		$	366	$	(2	)	$	366	$	(2	)
Obligations of U.S. government corporations and agencies	—		—			25,118		(178		)	25,118		(178		)
Obligations of states and political subdivisions	40,385		(140		)	40,201		(621		)	80,586		(761		)
Residential mortgage-backed securities	10,630		(22		)	—		—			10,630		(22		)
Corporate debt securities	16,400		(72		)	213		(4		)	16,613		(76		)
Total temporarily impaired securities	$	67,415	$	(234	)	$	65,898	$	(805	)	$	133,313	$	(1,039	)

Held to maturity
Obligations of states and political subdivisions	$	534	$	(3	)	$	—	$	—		$	534	$	(3	)
Total temporarily impaired securities	$	534	$	(3	)	$	—	$	—		$	534	$	(3	)

General obligation bonds

Securities

Summary of amortized cost and fair values of the Company's portfolio of municipal bonds by issuer state

						Average Exposure
March 31, 2015:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	84	$	65,460	$	66,809	$	795
Wisconsin	37	30,840		31,180		843
Michigan	41	33,041		33,570		819
Pennsylvania	11	13,149		13,226		1,202
Ohio	10	11,038		11,084		1,108
Texas	18	12,299		12,376		688
Iowa	3	6,113		6,191		2,063
Other	51	28,942		29,609		581
Total general obligations bonds	255	$	200,882	$	204,045	$	800

						Average Exposure
December 31, 2014:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	63	$	59,979	$	61,058	$	969
Wisconsin	39	36,165		36,365		932
Michigan	33	30,400		30,739		931
Pennsylvania	10	12,756		12,761		1,276
Ohio	8	9,954		9,922		1,240
Texas	7	7,364		7,313		1,045
Iowa	3	6,116		6,142		2,047
Other	24	18,862		19,370		807
Total general obligations bonds	187	$	181,596	$	183,670	$	982

Revenue bonds

Securities

Summary of amortized cost and fair values of the Company's portfolio of municipal bonds by issuer state

						Average Exposure
March 31, 2015:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	6	$	7,708	$	7,710	$	1,285
Indiana	11	12,616		12,666		1,151
Other	23	18,933		18,981		825
Total revenue bonds	40	$	39,257	$	39,357	$	984

						Average Exposure
December 31, 2014:	Number of	Amortized		Fair		Per Issuer
U.S. State	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
Illinois	4	$	6,772	$	6,708	$	1,677
Indiana	8	12,520		12,469		1,559
Other	21	18,721		18,685		890
Total revenue bonds	33	$	38,013	$	37,862	$	1,147

Loans (Tables)

3 Months Ended

Mar. 31, 2015

Loans

Schedule of geographic distributions of loans

	March 31, 2015
	Illinois		Florida		Indiana		Total
	(dollars in thousands)
Commercial	$	544,059	$	13,378	$	29,267	$	586,704
Commercial real estate	848,166		166,012		123,239		1,137,417
Real estate construction	48,496		14,025		28,541		91,062
Retail real estate	531,642		109,305		11,948		652,895
Retail other	16,192		581		—		16,773
Total	$	1,988,555	$	303,301	$	192,995	$	2,484,851

Less held for sale(1)							18,685
							$	2,466,166
Less allowance for loan losses							47,652
Net loans							$	2,418,514

(1)Loans held for sale are included in retail real estate.

	December 31, 2014
	Illinois		Florida		Indiana		Total
	(dollars in thousands)

Commercial	$	554,779	$	16,739	$	30,242	$	601,760
Commercial real estate	811,034		171,243		121,874		1,104,151
Real estate construction	60,994		17,950		28,110		107,054
Retail real estate	473,171		106,658		12,644		592,473
Retail other	9,690		562		—		10,252
Total	$	1,909,668	$	313,152	$	192,870	$	2,415,690

Less held for sale(1)							10,400
							$	2,405,290

Less allowance for loan losses							47,453

Net loans							$	2,357,837

(1) Loans held for sale are included in retail real estate.

Schedule of weighted average risk grades segregated by category of loans (excluding held-for-sale, non posted and clearings) and geography

	March 31, 2015
	Weighted Avg. Risk Grade	Grades 1,3,6		Grade 7		Grade 8		Grade 9		Grade 10
	(dollars in thousands)
Illinois/Indiana
Commercial	4.89	$	532,050	$	25,763	$	10,603	$	4,171	$	995
Commercial real estate	5.69	862,408		58,604		26,956		21,582		3,370
Real estate construction	6.32	60,610		4,117		10,858		1,148		381
Retail real estate	3.81	497,348		12,772		9,124		3,001		2,295
Retail other	4.77	14,942		23		587		—		458
Total Illinois/Indiana		$	1,967,358	$	101,279	$	58,128	$	29,902	$	7,499

Florida
Commercial	5.11	$	11,638	$	135	$	73	$	582	$	950
Commercial real estate	6.14	117,557		18,560		14,001		15,357		537
Real estate construction	6.27	12,577		—		605		828		15
Retail real estate	4.04	84,240		11,486		9,295		1,021		1,201
Retail other	3.06	574		—		7		—		—
Total Florida		$	226,586	$	30,181	$	23,981	$	17,788	$	2,703
Total		$	2,193,944	$	131,460	$	82,109	$	47,690	$	10,202

	December 31, 2014
	Weighted Avg. Risk Grade	Grades 1, 3, 6		Grade 7		Grade 8		Grade 9		Grade 10
	(dollars in thousands)
Illinois/Indiana
Commercial	4.80	$	542,796	$	27,032	$	8,549	$	5,498	$	1,146
Commercial real estate	5.67	819,708		64,975		25,719		19,821		2,685
Real estate construction	5.91	71,074		5,332		11,448		1,204		46
Retail real estate	3.46	453,560		10,478		4,569		3,179		1,414
Retail other	3.21	9,632		26		24		—		8
Total Illinois/Indiana		$	1,896,770	$	107,843	$	50,309	$	29,702	$	5,299

Florida
Commercial	5.40	$	13,455	$	105	$	78	$	1,459	$	1,642
Commercial real estate	6.00	123,807		25,520		6,002		15,404		510
Real estate construction	6.21	16,475		—		615		842		18
Retail real estate	4.09	82,185		11,686		9,601		1,031		1,531
Retail other	2.94	562		—		—		—		—
Total Florida		$	236,484	$	37,311	$	16,296	$	18,736	$	3,701
Total		$	2,133,254	$	145,154	$	66,605	$	48,438	$	9,000

Schedule of age analysis of past due loans still accruing and non-accrual loans

	March 31, 2015
	Loans past due, still accruing						Non-accrual
	30-59 Days		60-89 Days		90+Days		Loans
	(dollars in thousands)
Illinois/Indiana
Commercial $	1,471		$	406	$	140	$	995
Commercial real estate	183		120		—		3,370
Real estate construction	67		—		—		381
Retail real estate	1,186		138		49		2,295
Retail other	15		17		—		458
Total Illinois/Indiana	$	2,922	$	681	$	189	$	7,499

Florida
Commercial	$	—	$	—	$	—	$	950
Commercial real estate	—		—		—		537
Real estate construction	—		—		—		15
Retail real estate	—		113		—		1,201
Retail other	—		—		—		—
Total Florida	$	—	$	113	$	—	$	2,703
Total	$	2,922	$	794	$	189	$	10,202

	December 31, 2014
	Loans past due, still accruing						Non-accrual
	30-59 Days		60-89 Days		90+Days		Loans
	(dollars in thousands)
Illinois/Indiana
Commercial	$	15	$	105	$	—	$	1,146
Commercial real estate	1,068		—		10		2,685
Real estate construction	—		—		—		46
Retail real estate	488		128		—		1,414
Retail other	15		—		—		8
Total Illinois/Indiana	$	1,586	$	233	$	10	$	5,299

Florida
Commercial	$	—	$	—	$	—	$	1,642
Commercial real estate	—		—		—		510
Real estate construction	—		—		—		18
Retail real estate	—		—		—		1,531
Retail other	—		—		—		—
Total Florida	$	—	$	—	$	—	$	3,701
Total	$	1,586	$	233	$	10	$	9,000

Summary of restructured loans

	March 31, 2015		December 31, 2014
	(dollars in thousands)
Restructured loans:
In compliance with modified terms	$	9,697	$	11,866
30 – 89 days past due	155		—
Included in non-performing loans	1,519		1,126
Total	$	11,371	$	12,992

Schedule of details of impaired loans, segregated by category and geography

	March 31, 2015
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
Illinois/Indiana
Commercial	$	2,874	$	1,410	$	637	$	2,047	$	546	$	2,430
Commercial real estate	5,460		2,510		2,122		4,632		1,297		4,917
Real estate construction	636		340		41		381		41		1,573
Retail real estate	4,017		3,419		25		3,444		25		2,694
Retail other	525		458		—		458		—		93
Total Illinois/Indiana	$	13,512	$	8,137	$	2,825	$	10,962	$	1,909	$	11,707

Florida
Commercial	$	2,050	$	950	$	—	$	950	$	—	$	520
Commercial real estate	5,753		4,406		1,261		5,667		357		5,112
Real estate construction	606		537		—		537		—		509
Retail real estate	10,214		9,767		—		9,767		—		9,577
Retail other	7		—		7		7		7		6
Total Florida	$	18,630	$	15,660	$	1,268	$	16,928	$	364	$	15,724
Total	$	32,142	$	23,797	$	4,093	$	27,890	$	2,273	$	27,431

	December 31, 2014
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
Illinois/Indiana
Commercial	$	2,944	$	1,376	$	741	$	2,117	$	595	$	2,479
Commercial real estate	4,007		1,140		2,854		3,994		1,975		5,473
Real estate construction	46		—		46		46		46		2,269
Retail real estate	2,794		2,403		25		2,428		25		3,061
Retail other	8		8		—		8		—		2
Total Illinois/Indiana	$	9,799	$	4,927	$	3,666	$	8,593	$	2,641	$	13,284

Florida
Commercial	$	2,742	$	1,642	$	—	$	1,642	$	—	$	330
Commercial real estate	5,775		4,414		1,274		5,688		370		5,032
Real estate construction	620		551		—		551		—		485
Retail real estate	11,181		9,755		350		10,105		150		9,532
Retail other	7		—		7		7		7		5
Total Florida	$	20,325	$	16,362	$	1,631	$	17,993	$	527	$	15,384
Total	$	30,124	$	21,289	$	5,297	$	26,586	$	3,168	$	28,668

Schedule of activity on the allowance for loan losses

	As of and for the Three Months Ended March 31, 2015
	Commercial			Commercial Real Estate			Real Estate Construction			Retail Real Estate			Retail Other			Total
	(dollars in thousands)
Illinois/Indiana
Beginning balance	$	8,869		$	16,434		$	2,590		$	10,745		$	304		$	38,942
Provision for loan loss	(198		)	564			(831		)	1,648			(10		)	1,173
Charged-off	(1		)	(708		)	—			(239		)	(7		)	(955		)
Recoveries	47			35			158			170			8			418
Ending Balance	$	8,717		$	16,325		$	1,917		$	12,324		$	295		$	39,578

Florida
Beginning balance	$	1,172		$	4,205		$	205		$	2,917		$	12		$	8,511
Provision for loan loss	(396		)	(226		)	(26		)	(8		)	(17		)	(673		)
Charged-off	—			—			—			(77		)	—			(77		)
Recoveries	35			209			—			51			18			313
Ending Balance	$	811		$	4,188		$	179		$	2,883		$	13		$	8,074

	As of and for the Three Months Ended March 31, 2014
	Commercial			Commercial Real Estate			Real Estate Construction			Retail Real Estate			Retail Other			Total
	(dollars in thousands)
Illinois/Indiana
Beginning balance	$	8,452		$	16,379		$	2,540		$	6,862		$	216		$	34,449
Provision for loan loss	69			(617		)	(553		)	3,545			42			2,486
Charged-off	(674		)	(284		)	—			(1,275		)	(101		)	(2,334		)
Recoveries	70			20			474			60			56			680
Ending Balance	$	7,917		$	15,498		$	2,461		$	9,192		$	213		$	35,281

Florida
Beginning balance	$	1,926		$	5,733		$	1,168		$	4,287		$	4		$	13,118
Provision for loan loss	256			(275		)	(952		)	(509		)	(6		)	(1,486		)
Charged-off	(20		)	—			—			(20		)	—			(40		)
Recoveries	129			271			17			130			6			553
Ending Balance	$	2,291		$	5,729		$	233		$	3,888		$	4		$	12,145

Schedule of allowance for loan losses and recorded investments in loans by category and geography

	As of March 31, 2015
	Commercial		Commercial Real Estate		Real Estate Construction		Retail Real Estate		Retail Other		Total
	(dollars in thousands)
Illinois/Indiana
Amount allocated to:
Loans individually evaluated for impairment	$	546	$	1,297	$	41	$	25	$	—	$	1,909
Loans collectively evaluated for impairment	8,171		15,028		1,876		12,299		295		37,669
Ending Balance	$	8,717	$	16,325	$	1,917	$	12,324	$	295	$	39,578

Loans:
Loans individually evaluated for impairment	$	2,047	$	4,053	$	41	$	3,087	$	289	$	9,517
Loans collectively evaluated for impairment	571,279		966,773		76,656		523,523		15,734		2,153,965
PCI loans evaluated for impairment	—		579		340		357		169		1,445
Ending Balance	$	573,326	$	971,405	$	77,037	$	526,967	$	16,192	$	2,164,927
Florida
Amount allocated to:
Loans individually evaluated for impairment	$	—	$	357	$	—	$	—	$	7	$	364
Loans collectively evaluated for impairment	811		3,831		179		2,883		6		7,710
Ending Balance	$	811	$	4,188	$	179	$	2,883	$	13	$	8,074

Loans:
Loans individually evaluated for impairment	$	950	$	5,667	$	537	$	9,767	$	7	$	16,928
Loans collectively evaluated for impairment	12,428		160,345		13,488		97,476		574		284,311
Ending Balance	$	13,378	$	166,012	$	14,025	$	107,243	$	581	$	301,239

	As of December 31, 2014
	Commercial		Commercial Real Estate		Real Estate Construction		Retail Real Estate		Retail Other		Total
	(dollars in thousands)
Illinois/Indiana
Amount allocated to:
Loans individually evaluated for impairment	$	595	$	1,975	$	46	$	25	$	—	$	2,641
Loans collectively evaluated for impairment	8,274		14,459		2,544		10,720		304		36,301
Ending Balance	$	8,869	$	16,434	$	2,590	$	10,745	$	304	$	38,942

Loans:
Loans individually evaluated for impairment	$	2,117	$	3,994	$	46	$	2,428	$	8	$	8,593
Loans collectively evaluated for impairment	582,904		928,914		89,058		473,611		9,682		2,084,169
Ending Balance	$	585,021	$	932,908	$	89,104	$	476,039	$	9,690	$	2,092,762
Florida
Amount allocated to:
Loans individually evaluated for impairment	$	—	$	370	$	—	$	150	$	7	$	527
Loans collectively evaluated for impairment	1,172		3,835		205		2,767		5		7,984
Ending Balance	$	1,172	$	4,205	$	205	$	2,917	$	12	$	8,511

Loans:
Loans individually evaluated for impairment	$	1,642	$	5,688	$	551	$	10,105	$	7	$	17,993
Loans collectively evaluated for impairment	15,097		165,555		17,399		95,929		555		294,535
Ending Balance	$	16,739	$	171,243	$	17,950	$	106,034	$	562	$	312,528

Foreclosed Real Estate (Tables)

3 Months Ended

Mar. 31, 2015

Foreclosed Real Estate

Summary of activities relating to OREO

	Three Months Ended March 31, 2015			Year Ended December 31, 2014
	(dollars in thousands)
OREO:
Beginning balance	$	216		$	2,133
Additions, transfers from loans	192			660
Additions, fair value from Herget Financial acquisition	284			—
Proceeds from sales of OREO	(425		)	(2,739		)
Gain on sales of OREO	48			162
Valuation allowance for OREO	—			—
Ending balance	$	315		$	216

Securities Sold Under Agreements to Repurchase (Tables)

3 Months Ended

Mar. 31, 2015

Securities Sold Under Agreements to Repurchase

Schedule of distribution of securities sold under agreements to repurchase and weighted average interest rates

	March 31, 2015			December 31, 2014
	(dollars in thousands)
Balance at end of period	$	183,675		$	198,893
Weighted average interest rate at end of period	0.09		%	0.14		%
Maximum outstanding at any month end in year-to-date period	$	191,531		$	198,893
Average daily balance for the year-to-date period	$	186,663		$	148,452
Weighted average interest rate during period (1)	0.11		%	0.12		%

(1)The weighted average interest rate is computed by dividing total interest for the year-to-date period by the average daily balance outstanding.

Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Common Share

Schedule of net income per share calculations for basic and diluted methods

	Three Months Ended March 31,
	2015		2014
	(in thousands, except per share data)
Net income available to common stockholders	$	7,579	$	7,705
Shares:
Weighted average common shares outstanding	86,957		86,866

Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method	551		365

Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation	87,508		87,231

Basic earnings per common share	$	0.09	$	0.09

Diluted earnings per common share	$	0.09	$	0.09

Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Stock-based Compensation

Schedule of status and changes in stock option plans

A summary of the status of and changes in the Company’s stock option awards for the three months ended March 31, 2015 follows:

		Weighted-		Weighted-
		Average		Average
		Exercise		Remaining Contractual
	Shares	Price		Term
Outstanding at beginning of year	510,130	$	16.33
Granted	—	—
Exercised	—	—
Expired	143,824	19.09
Outstanding at end of period	366,306	$	15.24	2.09
Exercisable at end of period	366,306	$	15.24	2.09

Summary of the changes in the company's stock unit awards

A summary of the changes in the Company’s stock unit awards for the three months ended March 31, 2015, is as follows:

			Director				Weighted-
	Restricted		Deferred				Average
	Stock		Stock				Grant Date
	Units		Units		Total		Fair Value
Non-vested at beginning of year	1,183,870		55,745		1,239,615		$	5.25
Granted	—		—		—		—
Dividend Equivalents Earned	9,610		1,185		10,795		6.16
Vested	(13,870	)	(733	)	(14,603	)	5.09
Forfeited	—		—		—		—
Non-vested at end of period	1,179,610		56,197		1,235,807		$	5.26
Outstanding at end of period	1,179,610		147,243		1,326,853		$	5.25

Outstanding Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2015

Commitments, Contingencies and Credit Risk

Schedule of contractual amount of exposure to off-balance-sheet risk

	March 31, 2015		December 31, 2014
	(dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	592,716	$	561,439
Standby letters of credit	21,046		20,466

Capital (Tables)

3 Months Ended

Mar. 31, 2015

Capital

Schedule of capital adequacy requirements

					Minimum				Minimum To Be
	Actual				Capital Requirement				Well Capitalized
As of March 31, 2015:	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(dollars in thousands)
Total Capital (to Risk Weighted Assets)
Consolidated	$	490,842	17.64	%	$	222,584	8.00	%	$	278,229	10.00	%
Busey Bank	$	425,831	15.44	%	$	220,679	8.00	%	$	275,849	10.00	%
Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	455,320	16.36	%	$	166,938	6.00	%	$	222,584	8.00	%
Busey Bank	$	390,604	14.16	%	$	165,509	6.00	%	$	220,679	8.00	%

Common Equity Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	327,656	11.78	%	$	125,204	4.50	%	$	180,849	6.50	%
Busey Bank	$	390,604	14.16	%	$	124,132	4.50	%	$	179,302	6.50	%
Tier 1 Capital (to Average Assets)
Consolidated	$	455,320	11.80	%	$	154,330	4.00	%	N/A		N/A
Busey Bank	$	390,604	10.25	%	$	152,459	4.00	%	$	190,573	5.00	%

Reportable Segments and Related Information (Tables)

3 Months Ended

Mar. 31, 2015

Reportable Segments and Related Information

Summary of information relating to reportable segments

Following is a summary of selected financial information for the Company’s business segments (dollars in thousands):

	Goodwill				Total Assets
	March 31,		December 31,		March 31,		December 31,
	2015		2014		2015		2014
Goodwill & Total Assets:
Busey Bank	$	4,824	$	—	$	3,859,021	$	3,589,419
FirsTech	8,992		8,992		28,847		28,540
Busey Wealth Management	11,694		11,694		31,067		31,196
Other	—		—		18,249		16,452
Total	$	25,510	$	20,686	$	3,937,184	$	3,665,607

	Three Months Ended March 31,
	2015			2014
Interest income:
Busey Bank	$	28,189		$	26,181
FirsTech	13			12
Busey Wealth Management	71			64
Other	(10		)	(6		)
Total interest income	$	28,263		$	26,251

Interest expense:
Busey Bank	$	1,310		$	1,410
FirsTech	—			—
Busey Wealth Management	—			—
Other	283			284
Total interest expense	$	1,593		$	1,694

Other income:
Busey Bank	$	8,969		$	8,227
FirsTech	2,532			2,387
Busey Wealth Management	4,679			4,541
Other	(215		)	(169		)
Total other income	$	15,965		$	14,986

Other expense:
Busey Bank	$	24,300		$	21,044
FirsTech	1,946			1,872
Busey Wealth Management	3,135			2,903
Other	1,166			799
Total other expense	$	30,547		$	26,618

Income before income taxes
Busey Bank	$	11,048		$	10,954
FirsTech	599			528
Busey Wealth Management	1,615			1,702
Other	(1,674		)	(1,259		)
Total income before income taxes	$	11,588		$	11,925

Net income:
Busey Bank	$	7,278		$	7,279
FirsTech	358			309
Busey Wealth Management	963			1,002
Other	(838		)	(703		)
Total net income	$	7,761		$	7,887

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Measurements

Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
March 31, 2015	(dollars in thousands)
Securities available for sale
U.S. Treasury securities	$	—	$	65,930	$	—	$	65,930
Obligations of U.S. government corporations and agencies	—		157,385		—		157,385
Obligations of states and political subdivisions	—		209,081		—		209,081
Residential mortgage-backed securities	—		280,901		—		280,901
Corporate debt securities	—		110,902		—		110,902
Mutual funds and other equity securities	7,415		—		—		7,415
Derivative assets
Foreign currency forward contracts	—		18		—		18

	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
December 31, 2014	(dollars in thousands)
Securities available for sale
U.S. Treasury securities	$	—	$	50,606	$	—	$	50,606
Obligations of U.S. government corporations and agencies	—		167,010		—		167,010
Obligations of states and political subdivisions	—		220,161		—		220,161
Residential mortgage-backed securities	—		235,636		—		235,636
Corporate debt securities	—		79,307		—		79,307
Mutual funds and other equity securities	6,345		—		—		6,345
Derivative assets
Foreign currency forward contracts	—		15		—		15

Schedule of assets and liabilities measured at fair value on a non-recurring basis

	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
	(dollars in thousands)
March 31, 2015
Impaired loans	$	—	$	—	$	1,820	$	1,820
OREO	—		—		208		208

December 31, 2014
Impaired loans	$	—	$	—	$	2,129	$	2,129

Schedule of quantitative information about Level 3 fair value measurements

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value		Valuation	Unobservable	Range
	Estimate		Techniques	Input	(Weighted Average)
	(dollars in thousands)

March 31, 2015
Impaired loans	$	1,820	Appraisal of collateral	Appraisal adjustments	-6.9% to -100.0% (-51.1%)
OREO	208		Appraisal of collateral	Appraisal adjustments	-32.7% to -100.0% (-84.7%)
December 31, 2014

Impaired loans	$	2,129	Appraisal of collateral	Appraisal adjustments	-7.7% to -100.0% (-54.3%)

Schedule of estimated fair values of financial instruments

	March 31, 2015				December 31, 2014
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(dollars in thousands)
Financial assets:
Level 2 inputs:
Cash and due from banks	$	428,936	$	428,936	$	339,438	$	339,438
Securities held to maturity	35,037		35,387		2,373		2,425
Loans held for sale	18,685		19,039		10,400		10,634
Accrued interest receivable	12,491		12,491		11,187		11,187
Level 3 inputs:
Loans, net	2,418,514		2,440,340		2,357,837		2,360,000

Financial liabilities:
Level 2 inputs:
Deposits	$	3,183,885	$	3,184,855	$	2,900,848	$	2,900,763
Securities sold under agreements to repurchase	183,675		183,675		198,893		198,893
Long-term debt	50,000		50,000		50,000		50,000
Junior subordinated debt owed to unconsolidated trusts	55,000		55,000		55,000		55,000
Accrued interest payable	499		499		507		507

Basis of Presentation (Details)	3 Months Ended
Basis of Presentation (Details)	Mar. 31, 2015 item
Basis of Presentation
Number of significant subsequent events	0

Acquisitions (Details)		3 Months Ended	12 Months Ended
Acquisitions (Details)	Jan. 08, 2015 USD ($) item	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Business Acquisition
Goodwill		$ 25,510,000	$ 20,686,000
Herget Financial and Herget Bank
Business Acquisition
Percentage of outstanding common stock to be acquired	100.00%
Aggregate cash consideration	$ 34,100,000
Per share cash consideration entitled (in dollars per share)	$ 588.00
Business acquisition expenses		$ 1,000,000	$ 400,000
Maximum period of measurement adjustments from the closing date of acquisition	1 year
Cash and due from banks	$ 46,214,000
Securities	111,760,000
Loans held for sale	1,933,000
Loans	105,207,000
Premises and equipment	2,034,000
Goodwill	4,824,000
Other intangible assets	3,937,000
Other assets	2,931,000
Deposits	241,901,000
Other liabilities	2,839,000
Fair value of performed loans	103,700,000
Fair value of credit-impaired loans	$ 1,500,000
Amortization period of other intangible assets	P10Y
Herget Bank
Business Acquisition
Number of branches \| item	3

Securities (Details) $ in Thousands	3 Months Ended		12 Months Ended
Securities (Details) $ in Thousands	Mar. 31, 2015 USD ($) item	Mar. 31, 2014 USD ($)	Dec. 31, 2014 USD ($)
Available for sale
Amortized Cost	$ 817,883		$ 749,364
Gross Unrealized Gains	14,017		10,740
Gross Unrealized Losses	(286)		(1,039)
Fair Value	831,614		759,065
Held to maturity
Amortized Cost	35,037		2,373
Gross Unrealized Gains	376		55
Gross Unrealized Losses	(26)		(3)
Fair Value	35,387		2,425
Available for sale, Amortized Cost
Due in one year or less	121,390
Due after one year through five years	371,768
Due after five years through ten years	134,541
Due after ten years	184,066
Amortized Cost	811,765
Available for sale, Fair Value
Due in one year or less	121,890
Due after one year through five years	375,370
Due after five years through ten years	138,857
Due after ten years	188,082
Fair Value	824,199
Held to maturity, Amortized Cost
Due in one year or less	1,075
Due after one year through five years	6,249
Due after five years through ten years	19,337
Due after ten years	8,376
Amortized Cost	35,037		2,373
Held to maturity, Fair Value
Due in one year or less	1,077
Due after one year through five years	6,286
Due after five years through ten years	19,585
Due after ten years	8,439
Fair Value	35,387		2,425
Realized gains and losses related to sales of securities available for sale
Gross security gains	1	$ 57
Gross security (losses)		(14)
Net security gains	1	$ 43
Carrying amount of investment securities pledged as collateral	556,600		536,200
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	28,814		67,415
Continuous unrealized losses existing greater than 12 months, gross	30,380		65,898
Total	59,194		133,313
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(93)		(234)
Continuous unrealized losses existing greater than 12 months, gross	(193)		(805)
Total	(286)		(1,039)
Held to maturity, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	1,952		534
Total	1,952		534
Held to maturity, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(26)		(3)
Total	$ (26)		(3)
Number of securities in unrealized loss position \| item	91
Securities in unrealized loss position as a percentage of aggregate carrying value of investments	0.50%
U.S. Treasury securities
Available for sale
Amortized Cost	$ 65,182		50,280
Gross Unrealized Gains	748		328
Gross Unrealized Losses			(2)
Fair Value	65,930		50,606
Available for sale, Fair Value
Continuous unrealized losses existing greater than 12 months, gross			366
Total			366
Available for sale, Unrealized Losses
Continuous unrealized losses existing greater than 12 months, gross			(2)
Total			(2)
Obligations of U.S. government corporations and agencies
Available for sale
Amortized Cost	156,404		166,207
Gross Unrealized Gains	994		981
Gross Unrealized Losses	(13)		(178)
Fair Value	157,385		167,010
Available for sale, Fair Value
Continuous unrealized losses existing greater than 12 months, gross	10,142		25,118
Total	10,142		25,118
Available for sale, Unrealized Losses
Continuous unrealized losses existing greater than 12 months, gross	(13)		(178)
Total	(13)		(178)
Obligations of states and political subdivisions
Available for sale
Amortized Cost	206,112		218,250
Gross Unrealized Gains	3,194		2,672
Gross Unrealized Losses	(225)		(761)
Fair Value	209,081		220,161
Held to maturity
Amortized Cost	34,027		1,359
Gross Unrealized Gains	320		15
Gross Unrealized Losses	(26)		(3)
Fair Value	34,321		1,371
Held to maturity, Amortized Cost
Amortized Cost	34,027		1,359
Held to maturity, Fair Value
Fair Value	34,321		1,371
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	11,118		40,385
Continuous unrealized losses existing greater than 12 months, gross	20,238		40,201
Total	31,356		80,586
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(45)		(140)
Continuous unrealized losses existing greater than 12 months, gross	(180)		(621)
Total	(225)		(761)
Held to maturity, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	1,952		534
Total	1,952		534
Held to maturity, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(26)		(3)
Total	(26)		(3)
Residential mortgage-backed securities
Available for sale
Amortized Cost	274,279		230,596
Gross Unrealized Gains	6,648		5,062
Gross Unrealized Losses	(26)		(22)
Fair Value	280,901		235,636
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	9,484		10,630
Total	9,484		10,630
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(26)		(22)
Total	(26)		(22)
Corporate debt securities
Available for sale
Amortized Cost	109,788		79,087
Gross Unrealized Gains	1,136		296
Gross Unrealized Losses	(22)		(76)
Fair Value	110,902		79,307
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	8,212		16,400
Continuous unrealized losses existing greater than 12 months, gross			213
Total	8,212		16,613
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(22)		(72)
Continuous unrealized losses existing greater than 12 months, gross			(4)
Total	(22)		(76)
Debt securities
Available for sale
Amortized Cost	811,765		744,420
Gross Unrealized Gains	12,720		9,339
Gross Unrealized Losses	(286)		(1,039)
Fair Value	824,199		752,720
Mutual funds and other equity securities
Available for sale
Amortized Cost	6,118		4,944
Gross Unrealized Gains	1,297		1,401
Fair Value	7,415		6,345
Commercial mortgage-backed securities
Available for sale
Amortized Cost			1,014
Gross Unrealized Gains			40
Fair Value			$ 1,054
Held to maturity
Amortized Cost	1,010
Gross Unrealized Gains	56
Fair Value	1,066
Held to maturity, Amortized Cost
Amortized Cost	1,010
Held to maturity, Fair Value
Fair Value	$ 1,066

Securities (Details 2) $ in Thousands	3 Months Ended	12 Months Ended
Securities (Details 2) $ in Thousands	Mar. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($) item
Securities
Available for sale, fair value	$ 831,614	$ 759,065
Held to maturity, fair value	$ 35,387	$ 2,425
General obligation bonds
Securities
Number of issuers \| item	255	187
Amortized Cost	$ 204,045	$ 183,670
Fair Value	800	982
Average Exposure Per Issuer (Fair Value)	200,882	$ 181,596
Amount of largest exposure to a single issuer	$ 3,400
Percentage of the entity's stockholders equity in excess of aggregate book or market value	10.00%	10.00%
Percentage of underlying asset rated by at least a specified nationally recognized statistical rating organization	98.10%	97.10%
Minimum number of nationally recognized statistical rating organizations \| item	1	1
Percentage of underlying asset unrated	1.90%	2.90%
General obligation bonds \| Illinois
Securities
Number of issuers \| item	84	63
Amortized Cost	$ 66,809	$ 61,058
Fair Value	795	969
Average Exposure Per Issuer (Fair Value)	$ 65,460	$ 59,979
General obligation bonds \| Wisconsin
Securities
Number of issuers \| item	37	39
Amortized Cost	$ 31,180	$ 36,365
Fair Value	843	932
Average Exposure Per Issuer (Fair Value)	$ 30,840	$ 36,165
General obligation bonds \| Michigan
Securities
Number of issuers \| item	41	33
Amortized Cost	$ 33,570	$ 30,739
Fair Value	819	931
Average Exposure Per Issuer (Fair Value)	$ 33,041	$ 30,400
General obligation bonds \| Pennsylvania
Securities
Number of issuers \| item	11	10
Amortized Cost	$ 13,226	$ 12,761
Fair Value	1,202	1,276
Average Exposure Per Issuer (Fair Value)	$ 13,149	$ 12,756
General obligation bonds \| Ohio
Securities
Number of issuers \| item	10	8
Amortized Cost	$ 11,084	$ 9,922
Fair Value	1,108	1,240
Average Exposure Per Issuer (Fair Value)	$ 11,038	$ 9,954
General obligation bonds \| Texas
Securities
Number of issuers \| item	18	7
Amortized Cost	$ 12,376	$ 7,313
Fair Value	688	1,045
Average Exposure Per Issuer (Fair Value)	$ 12,299	$ 7,364
General obligation bonds \| Iowa
Securities
Number of issuers \| item	3	3
Amortized Cost	$ 6,191	$ 6,142
Fair Value	2,063	2,047
Average Exposure Per Issuer (Fair Value)	$ 6,113	$ 6,116
General obligation bonds \| Other
Securities
Number of issuers \| item	51	24
Amortized Cost	$ 29,609	$ 19,370
Fair Value	581	807
Average Exposure Per Issuer (Fair Value)	$ 28,942	$ 18,862
Revenue bonds
Securities
Number of issuers \| item	40	33
Amortized Cost	$ 39,357	$ 37,862
Fair Value	984	1,147
Average Exposure Per Issuer (Fair Value)	39,257	38,013
Amount of largest exposure to a single issuer	$ 3,000	$ 3,000
Percentage of the entity's stockholders equity in excess of aggregate book or market value	10.00%	10.00%
Minimum number of nationally recognized statistical rating organizations \| item	1	1
Revenue bonds \| Illinois
Securities
Number of issuers \| item	6	4
Amortized Cost	$ 7,710	$ 6,708
Fair Value	1,285	1,677
Average Exposure Per Issuer (Fair Value)	$ 7,708	$ 6,772
Revenue bonds \| Indiana
Securities
Number of issuers \| item	11	8
Amortized Cost	$ 12,666	$ 12,469
Fair Value	1,151	1,559
Average Exposure Per Issuer (Fair Value)	$ 12,616	$ 12,520
Revenue bonds \| Other
Securities
Number of issuers \| item	23	21
Amortized Cost	$ 18,981	$ 18,685
Fair Value	825	890
Average Exposure Per Issuer (Fair Value)	18,933	18,721
Obligations of states and political subdivisions
Securities
Available for sale, fair value	209,081	220,161
Held to maturity, fair value	$ 34,321	$ 1,371
Number of issuers \| item	295	220
Total Risk Based Capital for rated securities (as a percent)	100.00%
Total Risk Based Capital for unrated securities (as a percent)	15.00%
Obligations of states and political subdivisions \| General obligation bonds
Securities
Fair Value	$ 204,000	$ 183,700
Number of states in which investment is held \| item	30	23
Number of states in which investment is held in excess of aggregate fair value \| item	7	7
Aggregate fair value	$ 5,000	$ 5,000
Obligations of states and political subdivisions \| Revenue bonds
Securities
Fair Value	$ 39,400	$ 37,900
Number of states in which investment is held \| item	17	15
Number of states in which investment is held in excess of aggregate fair value \| item	2	2
Aggregate fair value	$ 5,000	$ 5,000

Loans (Details) $ in Thousands	3 Months Ended
Loans (Details) $ in Thousands	Mar. 31, 2015 USD ($) item mi	Dec. 31, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Loans
Total	$ 2,484,851	$ 2,415,690
Less held for sale	18,685	10,400
Total loans before allowance for loan losses	2,466,166	2,405,290
Less allowance for loan losses	47,652	47,453
Net loans	2,418,514	2,357,837
Net deferred loan origination costs	$ 700	600
Minimum target period for lending via intermediate term loans	0 years
Maximum target period for lending via intermediate term loans	7 years
Geographical area from lending offices which attempt is made to lend short and intermediate term loans (in miles) \| mi	125
Direct and indirect maximum total borrowing relationship limit	$ 20,000
Borrowing relationships, threshold above which board of directors will review annually	$ 20,000
Number of primary areas for lending loan \| item	5
Illinois
Loans
Total	$ 1,988,555	1,909,668
Florida
Loans
Total	303,301	313,152
Total loans before allowance for loan losses	301,239	312,528
Less allowance for loan losses	8,074	8,511	$ 12,145	$ 13,118
Indiana
Loans
Total	192,995	192,870
Commercial
Loans
Total	586,704	601,760
Commercial \| Illinois
Loans
Total	544,059	554,779
Commercial \| Florida
Loans
Total	13,378	16,739
Total loans before allowance for loan losses	13,378	16,739
Less allowance for loan losses	811	1,172	2,291	1,926
Commercial \| Indiana
Loans
Total	29,267	30,242
Commercial real estate
Loans
Total	1,137,417	1,104,151
Commercial real estate \| Illinois
Loans
Total	848,166	811,034
Commercial real estate \| Florida
Loans
Total	166,012	171,243
Total loans before allowance for loan losses	166,012	171,243
Less allowance for loan losses	4,188	4,205	5,729	5,733
Commercial real estate \| Indiana
Loans
Total	123,239	121,874
Real estate construction
Loans
Total	91,062	107,054
Real estate construction \| Illinois
Loans
Total	48,496	60,994
Real estate construction \| Florida
Loans
Total	14,025	17,950
Total loans before allowance for loan losses	14,025	17,950
Less allowance for loan losses	179	205	233	1,168
Real estate construction \| Indiana
Loans
Total	28,541	28,110
Retail real estate
Loans
Total	652,895	592,473
Retail real estate \| Illinois
Loans
Total	531,642	473,171
Retail real estate \| Florida
Loans
Total	109,305	106,658
Total loans before allowance for loan losses	107,243	106,034
Less allowance for loan losses	2,883	2,917	3,888	4,287
Retail real estate \| Indiana
Loans
Total	11,948	12,644
Retail other
Loans
Total	16,773	10,252
Retail other \| Illinois
Loans
Total	16,192	9,690
Retail other \| Florida
Loans
Total	581	562
Total loans before allowance for loan losses	581	562
Less allowance for loan losses	$ 13	$ 12	$ 4	$ 4

Loans (Details 2) $ in Thousands	3 Months Ended
Loans (Details 2) $ in Thousands	Mar. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($) item
Grades 1, 3, 6 and 7
Loans
Loans receivable	$ 2,320,000	$ 2,280,000
Grades 8, 9, and 10
Loans
Loans receivable	140,000	124,000
Grades 1,3,6
Loans
Loans receivable	2,193,944	2,133,254
Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	1,967,358	1,896,770
Grades 1,3,6 \| Florida
Loans
Loans receivable	226,586	236,484
Grade 7
Loans
Loans receivable	131,460	145,154
Grade 7 \| Illinois/Indiana
Loans
Loans receivable	101,279	107,843
Grade 7 \| Florida
Loans
Loans receivable	30,181	37,311
Grade 8
Loans
Limit above which loans are annually reviewed	1,000
Loans receivable	82,109	66,605
Grade 8 \| Illinois/Indiana
Loans
Loans receivable	58,128	50,309
Grade 8 \| Florida
Loans
Loans receivable	23,981	16,296
Grade 9
Loans
Loans receivable	47,690	48,438
Grade 9 \| Illinois/Indiana
Loans
Loans receivable	29,902	29,702
Grade 9 \| Florida
Loans
Loans receivable	17,788	18,736
Grade 10
Loans
Loans receivable	10,202	9,000
Grade 10 \| Illinois/Indiana
Loans
Loans receivable	7,499	5,299
Grade 10 \| Florida
Loans
Loans receivable	$ 2,703	$ 3,701
Commercial \| Illinois/Indiana
Loans
Weighted Avg. Risk Grade \| item	4.89	4.80
Commercial \| Florida
Loans
Weighted Avg. Risk Grade \| item	5.11	5.40
Commercial \| Grades 1, 3, 6 and 7
Loans
Limit above which loans are processed through an expedited underwriting process	$ 350
Commercial \| Grades 1, 3, 6 and 7 \| Minimum
Loans
Limit above which loans are processed through an expedited underwriting process	350
Commercial \| Grades 1, 3, 6 and 7 \| Maximum
Loans
Limit above which loans are processed through an expedited underwriting process	1,000
Commercial \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	532,050	$ 542,796
Commercial \| Grades 1,3,6 \| Florida
Loans
Loans receivable	11,638	13,455
Commercial \| Grade 7
Loans
Limit above which loans are processed through an expedited underwriting process	1,000
Limit above which loans are annually reviewed	1,000
Commercial \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	25,763	27,032
Commercial \| Grade 7 \| Florida
Loans
Loans receivable	135	105
Commercial \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	10,603	8,549
Commercial \| Grade 8 \| Florida
Loans
Loans receivable	73	78
Commercial \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	4,171	5,498
Commercial \| Grade 9 \| Florida
Loans
Loans receivable	582	1,459
Commercial \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	995	1,146
Commercial \| Grade 10 \| Florida
Loans
Loans receivable	950	$ 1,642
Commercial real estate
Loans
Limit above which loans are processed through an expedited underwriting process	$ 1,000
Commercial real estate \| Illinois/Indiana
Loans
Weighted Avg. Risk Grade \| item	5.69	5.67
Commercial real estate \| Florida
Loans
Weighted Avg. Risk Grade \| item	6.14	6.00
Commercial real estate \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 862,408	$ 819,708
Commercial real estate \| Grades 1,3,6 \| Florida
Loans
Loans receivable	117,557	123,807
Commercial real estate \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	58,604	64,975
Commercial real estate \| Grade 7 \| Florida
Loans
Loans receivable	18,560	25,520
Commercial real estate \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	26,956	25,719
Commercial real estate \| Grade 8 \| Florida
Loans
Loans receivable	14,001	6,002
Commercial real estate \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	21,582	19,821
Commercial real estate \| Grade 9 \| Florida
Loans
Loans receivable	15,357	15,404
Commercial real estate \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	3,370	2,685
Commercial real estate \| Grade 10 \| Florida
Loans
Loans receivable	$ 537	$ 510
Real estate construction \| Illinois/Indiana
Loans
Weighted Avg. Risk Grade \| item	6.32	5.91
Real estate construction \| Florida
Loans
Weighted Avg. Risk Grade \| item	6.27	6.21
Real estate construction \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 60,610	$ 71,074
Real estate construction \| Grades 1,3,6 \| Florida
Loans
Loans receivable	12,577	16,475
Real estate construction \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	4,117	5,332
Real estate construction \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	10,858	11,448
Real estate construction \| Grade 8 \| Florida
Loans
Loans receivable	605	615
Real estate construction \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	1,148	1,204
Real estate construction \| Grade 9 \| Florida
Loans
Loans receivable	828	842
Real estate construction \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	381	46
Real estate construction \| Grade 10 \| Florida
Loans
Loans receivable	$ 15	$ 18
Retail real estate \| Illinois/Indiana
Loans
Weighted Avg. Risk Grade \| item	3.81	3.46
Retail real estate \| Florida
Loans
Weighted Avg. Risk Grade \| item	4.04	4.09
Retail real estate \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 497,348	$ 453,560
Retail real estate \| Grades 1,3,6 \| Florida
Loans
Loans receivable	84,240	82,185
Retail real estate \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	12,772	10,478
Retail real estate \| Grade 7 \| Florida
Loans
Loans receivable	11,486	11,686
Retail real estate \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	9,124	4,569
Retail real estate \| Grade 8 \| Florida
Loans
Loans receivable	9,295	9,601
Retail real estate \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	3,001	3,179
Retail real estate \| Grade 9 \| Florida
Loans
Loans receivable	1,021	1,031
Retail real estate \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	2,295	1,414
Retail real estate \| Grade 10 \| Florida
Loans
Loans receivable	$ 1,201	$ 1,531
Retail other \| Illinois/Indiana
Loans
Weighted Avg. Risk Grade \| item	4.77	3.21
Retail other \| Florida
Loans
Weighted Avg. Risk Grade \| item	3.06	2.94
Retail other \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 14,942	$ 9,632
Retail other \| Grades 1,3,6 \| Florida
Loans
Loans receivable	574	562
Retail other \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	23	26
Retail other \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	587	24
Retail other \| Grade 8 \| Florida
Loans
Loans receivable	7
Retail other \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	$ 458	$ 8

Loans (Details 3) - USD ($) $ in Thousands	3 Months Ended
Loans (Details 3) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Loans past due, still accruing
30-59 Days	$ 2,922	$ 1,586
60-89 Days	794	233
90+Days	189	10
Non-accrual Loans	$ 10,202	9,000
Minimum period past due as criterion for assessing impairment of loans	60 days
Minimum amount criterion for assessing impairment of loans	$ 250
Loans assessed for impairment if loans are above a particular limit and are of eighth grade	500
Gross interest income that would have been recorded if impaired loans had been current	100
Impaired Loans Current Interest Income Gross	$ 100
Restructured loan included in the non-performing loan	90 days
Restructured loans
Total loans	$ 11,371	12,992
Illinois/Indiana
Loans past due, still accruing
30-59 Days	2,922	1,586
60-89 Days	681	233
90+Days	189	10
Non-accrual Loans	7,499	5,299
Florida
Loans past due, still accruing
60-89 Days	113
Non-accrual Loans	2,703	3,701
In compliance with modified terms
Restructured loans
Total loans	9,697	11,866
30-89 days past due
Restructured loans
Total loans	155
Included in non-performing loans
Restructured loans
Total loans	1,519	1,126
Commercial \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	1,471	15
60-89 Days	406	105
90+Days	140
Non-accrual Loans	995	1,146
Commercial \| Florida
Loans past due, still accruing
Non-accrual Loans	950	1,642
Commercial real estate \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	183	1,068
60-89 Days	120
90+Days		10
Non-accrual Loans	3,370	2,685
Commercial real estate \| Florida
Loans past due, still accruing
Non-accrual Loans	537	510
Real estate construction \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	67
Non-accrual Loans	381	46
Real estate construction \| Florida
Loans past due, still accruing
Non-accrual Loans	15	18
Retail real estate \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	1,186	488
60-89 Days	138	128
90+Days	49
Non-accrual Loans	2,295	1,414
Retail real estate \| Florida
Loans past due, still accruing
60-89 Days	113
Non-accrual Loans	1,201	1,531
Retail other \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	15	15
60-89 Days	17
Non-accrual Loans	$ 458	$ 8

Loans (Details 4) $ in Thousands	3 Months Ended		12 Months Ended
Loans (Details 4) $ in Thousands	Mar. 31, 2015 USD ($) contract	Mar. 31, 2014 item	Dec. 31, 2014 USD ($)
Loans
Unpaid Contractual Principal Balance	$ 32,142		$ 30,124
Recorded Investment with No Allowance	23,797		21,289
Recorded Investment with Allowance	4,093		5,297
Total Recorded Investment	27,890		26,586
Related Allowance	2,273		3,168
Average Recorded Investment	27,431		28,668
Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	13,512		9,799
Recorded Investment with No Allowance	8,137		4,927
Recorded Investment with Allowance	2,825		3,666
Total Recorded Investment	10,962		8,593
Related Allowance	1,909		2,641
Average Recorded Investment	11,707		13,284
Florida
Loans
Unpaid Contractual Principal Balance	18,630		20,325
Recorded Investment with No Allowance	15,660		16,362
Recorded Investment with Allowance	1,268		1,631
Total Recorded Investment	16,928		17,993
Related Allowance	364		527
Average Recorded Investment	15,724		15,384
In compliance with modified terms
Loans
Number of contracts \| item		1
Commercial \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	2,874		2,944
Recorded Investment with No Allowance	1,410		1,376
Recorded Investment with Allowance	637		741
Total Recorded Investment	2,047		2,117
Related Allowance	546		595
Average Recorded Investment	2,430		2,479
Commercial \| Florida
Loans
Unpaid Contractual Principal Balance	2,050		2,742
Recorded Investment with No Allowance	950		1,642
Total Recorded Investment	950		1,642
Average Recorded Investment	$ 520		330
Commercial \| Included in non-performing loans \| Florida
Loans
Number of contracts \| contract	1
Recorded Investment	$ 1,000
Commercial real estate \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	5,460		4,007
Recorded Investment with No Allowance	2,510		1,140
Recorded Investment with Allowance	2,122		2,854
Total Recorded Investment	4,632		3,994
Related Allowance	1,297		1,975
Average Recorded Investment	4,917		5,473
Commercial real estate \| Florida
Loans
Unpaid Contractual Principal Balance	5,753		5,775
Recorded Investment with No Allowance	4,406		4,414
Recorded Investment with Allowance	1,261		1,274
Total Recorded Investment	5,667		5,688
Related Allowance	357		370
Average Recorded Investment	5,112		5,032
Real estate construction \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	636		46
Recorded Investment with No Allowance	340
Recorded Investment with Allowance	41		46
Total Recorded Investment	381		46
Related Allowance	41		46
Average Recorded Investment	1,573		2,269
Real estate construction \| Florida
Loans
Unpaid Contractual Principal Balance	606		620
Recorded Investment with No Allowance	537		551
Total Recorded Investment	537		551
Average Recorded Investment	509		485
Retail real estate \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	4,017		2,794
Recorded Investment with No Allowance	3,419		2,403
Recorded Investment with Allowance	25		25
Total Recorded Investment	3,444		2,428
Related Allowance	25		25
Average Recorded Investment	2,694		3,061
Retail real estate \| Florida
Loans
Unpaid Contractual Principal Balance	10,214		11,181
Recorded Investment with No Allowance	9,767		9,755
Recorded Investment with Allowance			350
Total Recorded Investment	9,767		10,105
Related Allowance			150
Average Recorded Investment	$ 9,577		9,532
Retail real estate \| In compliance with modified terms \| Illinois/Indiana
Loans
Number of contracts \| contract	2
Recorded Investment	$ 100
Retail real estate \| In compliance with modified terms \| Florida
Loans
Number of contracts \| contract	2
Recorded Investment	$ 300
Retail other \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	525		8
Recorded Investment with No Allowance	458		8
Total Recorded Investment	458		8
Average Recorded Investment	93		2
Retail other \| Florida
Loans
Unpaid Contractual Principal Balance	7		7
Recorded Investment with Allowance	7		7
Total Recorded Investment	7		7
Related Allowance	7		7
Average Recorded Investment	$ 6		$ 5

Loans (Details 5) $ in Millions	3 Months Ended
Loans (Details 5) $ in Millions	Mar. 31, 2015 USD ($) item	Dec. 31, 2014
Loans
The number of components in the general portion of the Company's allowance	2
Number of quarters whose historical average is used to calculate the historical loss ratio	20
Increase in allowances \| $	$ 3.3
Grade 9
Loans
Period of charge-off percentage based on which additional allocation is determined	1 year
Minimum additional reserve (as a percent)	3.00%	3.00%
Grade 8
Loans
Number of quarters in more current measure of historical losses in adversely graded loans	12
Number of quarters in less current measure of historical losses in adversely graded loans	20
Minimum additional amount for loans (as a percent)	1.00%	1.00%

Loans (Details 6) - USD ($) $ in Thousands	3 Months Ended
Loans (Details 6) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Dec. 31, 2014
Changes in allowance for loan losses
Beginning balance	$ 47,453
Provision for loan loss	500	$ 1,000
Ending Balance	47,652
Amount allocated to:
Ending Balance	47,453		$ 47,652	$ 47,453
Loans:
Ending Balance			2,466,166	2,405,290
Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	38,942	34,449
Provision for loan loss	1,173	2,486
Charged-off	(955)	(2,334)
Recoveries	418	680
Ending Balance	39,578	35,281
Amount allocated to:
Loans individually evaluated for impairment			1,909	2,641
Loans collectively evaluated for impairment			37,669	36,301
Ending Balance	38,942	34,449	39,578	38,942
Loans:
Loans individually evaluated for impairment			9,517	8,593
Loans collectively evaluated for impairment			2,153,965	2,084,169
Ending Balance			2,164,927	2,092,762
Florida
Changes in allowance for loan losses
Beginning balance	8,511	13,118
Provision for loan loss	(673)	(1,486)
Charged-off	(77)	(40)
Recoveries	313	553
Ending Balance	8,074	12,145
Amount allocated to:
Loans individually evaluated for impairment			364	527
Loans collectively evaluated for impairment			7,710	7,984
Ending Balance	8,511	13,118	8,074	8,511
Loans:
Loans individually evaluated for impairment			16,928	17,993
Loans collectively evaluated for impairment			284,311	294,535
Ending Balance			301,239	312,528
Purchased Credit Impaired Loan [Member] \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment			1,445
Commercial \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	8,869	8,452
Provision for loan loss	(198)	69
Charged-off	(1)	(674)
Recoveries	47	70
Ending Balance	8,717	7,917
Amount allocated to:
Loans individually evaluated for impairment			546	595
Loans collectively evaluated for impairment			8,171	8,274
Ending Balance	8,869	8,452	8,717	8,869
Loans:
Loans individually evaluated for impairment			2,047	2,117
Loans collectively evaluated for impairment			571,279	582,904
Ending Balance			573,326	585,021
Commercial \| Florida
Changes in allowance for loan losses
Beginning balance	1,172	1,926
Provision for loan loss	(396)	256
Charged-off		(20)
Recoveries	35	129
Ending Balance	811	2,291
Amount allocated to:
Loans collectively evaluated for impairment			811	1,172
Ending Balance	1,172	1,926	811	1,172
Loans:
Loans individually evaluated for impairment			950	1,642
Loans collectively evaluated for impairment			12,428	15,097
Ending Balance			13,378	16,739
Commercial real estate \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	16,434	16,379
Provision for loan loss	564	(617)
Charged-off	(708)	(284)
Recoveries	35	20
Ending Balance	16,325	15,498
Amount allocated to:
Loans individually evaluated for impairment			1,297	1,975
Loans collectively evaluated for impairment			15,028	14,459
Ending Balance	16,434	16,379	16,325	16,434
Loans:
Loans individually evaluated for impairment			4,053	3,994
Loans collectively evaluated for impairment			966,773	928,914
Ending Balance			971,405	932,908
Commercial real estate \| Florida
Changes in allowance for loan losses
Beginning balance	4,205	5,733
Provision for loan loss	(226)	(275)
Recoveries	209	271
Ending Balance	4,188	5,729
Amount allocated to:
Loans individually evaluated for impairment			357	370
Loans collectively evaluated for impairment			3,831	3,835
Ending Balance	4,205	5,733	4,188	4,205
Loans:
Loans individually evaluated for impairment			5,667	5,688
Loans collectively evaluated for impairment			160,345	165,555
Ending Balance			166,012	171,243
Commercial real estate \| Purchased Credit Impaired Loan [Member] \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment			579
Real estate construction \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	2,590	2,540
Provision for loan loss	(831)	(553)
Recoveries	158	474
Ending Balance	1,917	2,461
Amount allocated to:
Loans individually evaluated for impairment			41	46
Loans collectively evaluated for impairment			1,876	2,544
Ending Balance	2,590	2,540	1,917	2,590
Loans:
Loans individually evaluated for impairment			41	46
Loans collectively evaluated for impairment			76,656	89,058
Ending Balance			77,037	89,104
Real estate construction \| Florida
Changes in allowance for loan losses
Beginning balance	205	1,168
Provision for loan loss	(26)	(952)
Recoveries		17
Ending Balance	179	233
Amount allocated to:
Loans collectively evaluated for impairment			179	205
Ending Balance	205	1,168	179	205
Loans:
Loans individually evaluated for impairment			537	551
Loans collectively evaluated for impairment			13,488	17,399
Ending Balance			14,025	17,950
Real estate construction \| Purchased Credit Impaired Loan [Member] \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment			340
Retail real estate \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	10,745	6,862
Provision for loan loss	1,648	3,545
Charged-off	(239)	(1,275)
Recoveries	170	60
Ending Balance	12,324	9,192
Amount allocated to:
Loans individually evaluated for impairment			25	25
Loans collectively evaluated for impairment			12,299	10,720
Ending Balance	10,745	6,862	12,324	10,745
Loans:
Loans individually evaluated for impairment			3,087	2,428
Loans collectively evaluated for impairment			523,523	473,611
Ending Balance			526,967	476,039
Retail real estate \| Florida
Changes in allowance for loan losses
Beginning balance	2,917	4,287
Provision for loan loss	(8)	(509)
Charged-off	(77)	(20)
Recoveries	51	130
Ending Balance	2,883	3,888
Amount allocated to:
Loans individually evaluated for impairment				150
Loans collectively evaluated for impairment			2,883	2,767
Ending Balance	2,917	4,287	2,883	2,917
Loans:
Loans individually evaluated for impairment			9,767	10,105
Loans collectively evaluated for impairment			97,476	95,929
Ending Balance			107,243	106,034
Retail real estate \| Purchased Credit Impaired Loan [Member] \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment			357
Retail other \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	304	216
Provision for loan loss	(10)	42
Charged-off	(7)	(101)
Recoveries	8	56
Ending Balance	295	213
Amount allocated to:
Loans collectively evaluated for impairment			295	304
Ending Balance	304	216	295	304
Loans:
Loans individually evaluated for impairment			289	8
Loans collectively evaluated for impairment			15,734	9,682
Ending Balance			16,192	9,690
Retail other \| Florida
Changes in allowance for loan losses
Beginning balance	12	4
Provision for loan loss	(17)	(6)
Recoveries	18	6
Ending Balance	13	4
Amount allocated to:
Loans individually evaluated for impairment			7	7
Loans collectively evaluated for impairment			6	5
Ending Balance	$ 12	$ 4	13	12
Loans:
Loans individually evaluated for impairment			7	7
Loans collectively evaluated for impairment			574	555
Ending Balance			581	$ 562
Retail other \| Purchased Credit Impaired Loan [Member] \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment			$ 169

Foreclosed Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Foreclosed Real Estate (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Foreclosed Real Estate
Other repossessed assets			$ 200
OREO:
Other Real Estate, Beginning Balance	$ 216	$ 2,133	2,133
Additions, transfers from loans	192	316	660
Additions, fair value from Herget Financial acquisition	284
Proceeds from sales of OREO	(425)	$ (575)	(2,739)
Gain on sales of OREO	48		162
Other Real Estate, Ending Balance	315		$ 216
Commercial real estate
Foreclosed Real Estate
Other real estate owned held	100
Residential
Foreclosed Real Estate
Other real estate owned held	200
Residential real estate in the process of foreclosure	$ 700

Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Securities Sold Under Agreements to Repurchase
Maximum maturity period of securities sold under agreements to repurchase	1 year
Balance	$ 183,675	$ 198,893
Weighted average interest rate at end of period (as a percent)	0.09%	0.14%
Maximum outstanding at any month end	$ 191,531	$ 198,893
Average daily balance	$ 186,663	$ 148,452
Weighted average interest rate during period (as a percent)	0.11%	0.12%

- Definition

Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References + Details

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net income per share calculations for basic and diluted methods
Net income available to common stockholders (in dollars)	$ 7,579	$ 7,705
Shares:
Weighted average common shares outstanding	86,957,000	86,866,000
Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method (in shares)	551,000	365,000
Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation	87,508,000	87,231,000
Basic earnings per common share (in dollars per share)	$ 0.09	$ 0.09
Diluted earnings per common share (in dollars per share)	$ 0.09	$ 0.09
Stock options
Anti-dilutive securities excluded from the calculation of common stock equivalents
Number of anti-dilutive securities (in shares)	261,306	482,430
Warrants
Anti-dilutive securities excluded from the calculation of common stock equivalents
Number of anti-dilutive securities (in shares)	573,833	573,833

Stock-based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Stock-based Compensation
Number of shares held in treasury	1,390,690		1,426,323
Shares
Non-vested at beginning of year (in shares)	1,239,615
Dividend Equivalents Earned (in shares)	10,795
Vested (in shares)	(14,603)
Non-vested at end of period (in shares)	1,235,807
Outstanding at end of period (in shares)	1,326,853
Weighted-Average Grant Date Fair Value
Non-vested at beginning of year (in dollars per share)	$ 5.25
Dividend Equivalents Earned (in dollars per share)	6.16
Vested (in dollars per share)	5.09
Non-vested at end of period (in dollars per share)	5.26
Outstanding at end of period (in dollars per share)	$ 5.25
Stock option awards
Shares
Outstanding at beginning of year (in shares)	510,130
Expired (in shares)	143,824
Outstanding at end of period (in shares)	366,306
Exercisable at end of period (in shares)	366,306
Weighted-Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 16.33
Expired (in dollars per share)	19.09
Outstanding at end of period (in dollars per share)	15.24
Exercisable at end of period (in dollars per share)	$ 15.24
Weighted-Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	2 years 1 month 2 days
Exercisable at end of period	2 years 1 month 2 days
RSU
Stock Incentive Plans
Number of shares of common stock per award	1
Shares
Non-vested at beginning of year (in shares)	1,183,870
Dividend Equivalents Earned (in shares)	9,610
Vested (in shares)	(13,870)
Non-vested at end of period (in shares)	1,179,610
Outstanding at end of period (in shares)	1,179,610
Additional disclosures
Compensation expense recognized	$ 0.3	$ 0.2
Amount of compensation cost to be recognized	$ 3.2
Period over which cost will be recognized	3 years 4 months 24 days
RSU \| Minimum
Stock Incentive Plans
Requisite service period	1 year
RSU \| Maximum
Stock Incentive Plans
Requisite service period	5 years
DSUs
Stock Incentive Plans
Number of shares of common stock per award	1
Vesting period	12 months
Settlement period	30 days
Shares
Non-vested at beginning of year (in shares)	55,745
Dividend Equivalents Earned (in shares)	1,185
Vested (in shares)	(733)
Non-vested at end of period (in shares)	56,197
Outstanding at end of period (in shares)	147,243

Outstanding Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Credit Commitments and Contingencies
Liabilities for potential obligations under guarantees	$ 0	$ 0
Maximum
Credit Commitments and Contingencies
Term for guarantee	1 year
Commitments to extend credit
Credit Commitments and Contingencies
Financial instruments whose contract amounts represent credit risk	$ 592,716	561,439
Standby letters of credit
Credit Commitments and Contingencies
Financial instruments whose contract amounts represent credit risk	$ 21,046	$ 20,466

Capital (Details) - USD ($) $ in Thousands			1 Months Ended	75 Months Ended
Capital (Details) - USD ($) $ in Thousands	Oct. 22, 2014	Jan. 22, 2013	Jul. 31, 2013	Mar. 31, 2015
Total Capital (to Risk Weighted Assets), Amount
Actual				$ 490,842
Minimum Capital Requirement				222,584
Minimum To Be Well Capitalized				$ 278,229
Total Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)				17.64%
Minimum Capital Requirement (as a percent)				8.00%
Minimum To Be Well Capitalized (as a percent)				10.00%
Tier 1 Capital (to Risk Weighted Assets), Amount
Actual				$ 455,320
Minimum Capital Requirement				166,938
Minimum To Be Well Capitalized				$ 222,584
Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)				16.36%
Minimum Capital Requirement (as a percent)				6.00%
Minimum To Be Well Capitalized (as a percent)				8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Amount
Actual				$ 327,656
Minimum Capital Requirement				125,204
Minimum To Be Well Capitalized				$ 180,849
Common Equity Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)				11.78%
Minimum Capital Requirement (as a percent)				4.50%
Minimum To Be Well Capitalized (as a percent)				6.50%
Tier 1 Capital (to Average Assets), Amount
Actual				$ 455,320
Minimum Capital Requirement				$ 154,330
Tier 1 Capital (to Average Assets), Ratio
Actual (as a percent)				11.80%
Minimum Capital Requirement (as a percent)				4.00%
Maximum assets of bank holding companies for inclusion of proceeds of trust preferred securities from Tier 1 capital unless such securities were issued prior to May 19, 2010				$ 15,000,000
Common equity Tier 1 Risk Based Capital to be well capitalized percentage				6.50%
Dodd-Frank Act ("Basel III Rules")
Total Capital (to Risk Weighted Assets), Ratio
Minimum To Be Well Capitalized (as a percent)			10.00%
Tier 1 Capital (to Risk Weighted Assets), Ratio
Minimum To Be Well Capitalized (as a percent)			8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Ratio
Minimum To Be Well Capitalized (as a percent)			6.50%
Tier 1 Capital (to Average Assets), Ratio
Common equity Tier 1 Risk Based Capital to be well capitalized percentage			6.50%
Tier 1 Leverage Capital to be well capitalized percentage			5.00%
Maximum consolidated assets of bank holding companies			$ 1,000,000
Maximum consolidated assets of bank holding companies to retain the existing treatment for accumulated other comprehensive income which currently does not affect regulatory capital				$ 15,000,000
Busey Bank
Regulatory Capital
Dividends paid				0
Distribution received through chartered amendment	$ 60,000	$ 50,000
Total Capital (to Risk Weighted Assets), Amount
Actual				425,831
Minimum Capital Requirement				220,679
Minimum To Be Well Capitalized				$ 275,849
Total Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)				15.44%
Minimum Capital Requirement (as a percent)				8.00%
Minimum To Be Well Capitalized (as a percent)				10.00%
Tier 1 Capital (to Risk Weighted Assets), Amount
Actual				$ 390,604
Minimum Capital Requirement				165,509
Minimum To Be Well Capitalized				$ 220,679
Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)				14.16%
Minimum Capital Requirement (as a percent)				6.00%
Minimum To Be Well Capitalized (as a percent)				8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Amount
Actual				$ 390,604
Minimum Capital Requirement				124,132
Minimum To Be Well Capitalized				$ 179,302
Common Equity Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)				14.16%
Minimum Capital Requirement (as a percent)				4.50%
Minimum To Be Well Capitalized (as a percent)				6.50%
Tier 1 Capital (to Average Assets), Amount
Actual				$ 390,604
Minimum Capital Requirement				152,459
Minimum To Be Well Capitalized				$ 190,573
Tier 1 Capital (to Average Assets), Ratio
Actual (as a percent)				10.25%
Minimum Capital Requirement (as a percent)				4.00%
Minimum To Be Well Capitalized (as a percent)				5.00%
Common equity Tier 1 Risk Based Capital to be well capitalized percentage				6.50%

Reportable Segments and Related Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2015 USD ($) item	Mar. 31, 2014 USD ($)	Dec. 31, 2014 USD ($)
Reportable Segments and Related Information
Number of reportable segments \| item	3
Reportable Segments and Related Information
Goodwill	$ 25,510		$ 20,686
Total Assets	3,937,184		3,665,607
Interest Income	28,263	$ 26,251
Interest Expense	1,593	1,694
Other Income	15,965	14,986
Noninterest Expense	30,547	26,618
Income before income taxes	11,588	11,925
Net Income:	7,761	7,887
Busey Bank
Reportable Segments and Related Information
Noninterest Expense	24,300	21,044
Income before income taxes	11,048	10,954
FirsTech
Reportable Segments and Related Information
Noninterest Expense	1,946	1,872
Income before income taxes	599	528
Busey Wealth Management
Reportable Segments and Related Information
Noninterest Expense	3,135	2,903
Income before income taxes	1,615	1,702
Operating segments
Reportable Segments and Related Information
Goodwill	25,510		20,686
Total Assets	3,937,184		3,665,607
Operating segments \| Busey Bank
Reportable Segments and Related Information
Goodwill	4,824
Total Assets	3,859,021		3,589,419
Interest Income	28,189	26,181
Interest Expense	1,310	1,410
Other Income	8,969	8,227
Net Income:	7,278	7,279
Operating segments \| FirsTech
Reportable Segments and Related Information
Goodwill	8,992		8,992
Total Assets	28,847		28,540
Interest Income	13	12
Other Income	2,532	2,387
Net Income:	358	309
Operating segments \| Busey Wealth Management
Reportable Segments and Related Information
Goodwill	11,694		11,694
Total Assets	31,067		31,196
Interest Income	71	64
Other Income	4,679	4,541
Net Income:	963	1,002
Other
Reportable Segments and Related Information
Total Assets	18,249		$ 16,452
Interest Income	(10)	(6)
Interest Expense	283	284
Other Income	(215)	(169)
Noninterest Expense	1,166	799
Income before income taxes	(1,674)	(1,259)
Net Income:	$ (838)	$ (703)

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Fair Value Measurements
Transfers between levels of fair value hierarchy	$ 0
Financial assets and financial liabilities measured at fair value
Securities available for sale	831,614	$ 759,065
Impaired loans	27,890	26,586
U.S. Treasury securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	65,930	50,606
Obligations of U.S. government corporations and agencies
Financial assets and financial liabilities measured at fair value
Securities available for sale	157,385	167,010
Obligations of states and political subdivisions
Financial assets and financial liabilities measured at fair value
Securities available for sale	209,081	220,161
Residential mortgage-backed securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	280,901	235,636
Corporate debt securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	110,902	79,307
Mutual funds and other equity securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	7,415	6,345
Recurring basis \| Level 1 \| Mutual funds and other equity securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	7,415	6,345
Recurring basis \| Level 2 \| Foreign currency forward contracts
Financial assets and financial liabilities measured at fair value
Derivative assets	18	15
Recurring basis \| Level 2 \| U.S. Treasury securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	65,930	50,606
Recurring basis \| Level 2 \| Obligations of U.S. government corporations and agencies
Financial assets and financial liabilities measured at fair value
Securities available for sale	157,385	167,010
Recurring basis \| Level 2 \| Obligations of states and political subdivisions
Financial assets and financial liabilities measured at fair value
Securities available for sale	209,081	220,161
Recurring basis \| Level 2 \| Residential mortgage-backed securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	280,901	235,636
Recurring basis \| Level 2 \| Corporate debt securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	110,902	79,307
Recurring basis \| Fair Value \| Foreign currency forward contracts
Financial assets and financial liabilities measured at fair value
Derivative assets	18	15
Recurring basis \| Fair Value \| U.S. Treasury securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	65,930	50,606
Recurring basis \| Fair Value \| Obligations of U.S. government corporations and agencies
Financial assets and financial liabilities measured at fair value
Securities available for sale	157,385	167,010
Recurring basis \| Fair Value \| Obligations of states and political subdivisions
Financial assets and financial liabilities measured at fair value
Securities available for sale	209,081	220,161
Recurring basis \| Fair Value \| Residential mortgage-backed securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	280,901	235,636
Recurring basis \| Fair Value \| Corporate debt securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	110,902	79,307
Recurring basis \| Fair Value \| Mutual funds and other equity securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	7,415	6,345
Non-recurring basis \| Level 3
Financial assets and financial liabilities measured at fair value
Impaired loans	1,820	2,129
OREO	208
Non-recurring basis \| Fair Value
Financial assets and financial liabilities measured at fair value
Impaired loans	1,820	$ 2,129
OREO	$ 208

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Quantitative Information about Level 3 Fair Value Measurements
Impaired loans	$ 27,890	$ 26,586
Non-recurring basis \| Level 3
Quantitative Information about Level 3 Fair Value Measurements
Impaired loans	1,820	2,129
OREO	208
Non-recurring basis \| Level 3 \| Appraisal of collateral \| Impaired loans
Quantitative Information about Level 3 Fair Value Measurements
Impaired loans	$ 1,820	$ 2,129
Non-recurring basis \| Level 3 \| Appraisal of collateral \| Impaired loans \| Minimum
Quantitative Information about Level 3 Fair Value Measurements
Appraisal adjustments (as a percent)	(6.90%)	(7.70%)
Non-recurring basis \| Level 3 \| Appraisal of collateral \| Impaired loans \| Maximum
Quantitative Information about Level 3 Fair Value Measurements
Appraisal adjustments (as a percent)	(100.00%)	(100.00%)
Non-recurring basis \| Level 3 \| Appraisal of collateral \| Impaired loans \| Weighted Average
Quantitative Information about Level 3 Fair Value Measurements
Appraisal adjustments (as a percent)	(51.10%)	(54.30%)
Non-recurring basis \| Level 3 \| Appraisal of collateral \| OREO
Quantitative Information about Level 3 Fair Value Measurements
OREO	$ 208
Non-recurring basis \| Level 3 \| Appraisal of collateral \| OREO \| Minimum
Quantitative Information about Level 3 Fair Value Measurements
Appraisal adjustments (as a percent)	(32.70%)
Non-recurring basis \| Level 3 \| Appraisal of collateral \| OREO \| Maximum
Quantitative Information about Level 3 Fair Value Measurements
Appraisal adjustments (as a percent)	(100.00%)
Non-recurring basis \| Level 3 \| Appraisal of collateral \| OREO \| Weighted Average
Quantitative Information about Level 3 Fair Value Measurements
Appraisal adjustments (as a percent)	(84.70%)

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and due from banks	$ 428,936	$ 339,438
Securities held to maturity	35,387	2,425
Loans, net	2,418,514	2,357,837
Financial liabilities:
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Carrying Amount \| Level 2
Financial assets:
Cash and due from banks	428,936	339,438
Securities held to maturity	35,037	2,373
Loans held for sale	18,685	10,400
Accrued interest receivable	12,491	11,187
Financial liabilities:
Deposits	3,183,885	2,900,848
Securities sold under agreements to repurchase	183,675	198,893
Long-term debt	50,000	50,000
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Accrued interest payable	499	507
Carrying Amount \| Level 3
Financial assets:
Loans, net	2,418,514	2,357,837
Fair Value \| Level 2
Financial assets:
Cash and due from banks	428,936	339,438
Securities held to maturity	35,387	2,425
Loans held for sale	19,039	10,634
Accrued interest receivable	12,491	11,187
Financial liabilities:
Deposits	3,184,855	2,900,763
Securities sold under agreements to repurchase	183,675	198,893
Long-term debt	50,000	50,000
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Accrued interest payable	499	507
Fair Value \| Level 3
Financial assets:
Loans, net	$ 2,440,340	$ 2,360,000