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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2015	Mar. 08, 2016	Jun. 30, 2015
Document and Entity Information
Entity Registrant Name	FIRST BUSEY CORP /NV/
Entity Central Index Key	0000314489
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 507.3
Entity Common Stock, Shares Outstanding		28,694,852
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks (interest-bearing 2015 $250,404; 2014 $243,769)	$ 319,280	$ 339,438
Securities available for sale, at fair value	834,838	759,065
Securities held to maturity, at amortized cost	49,832	2,373
Loans held for sale	9,351	10,400
Loans (net of allowance for loan losses 2015 $47,487; 2014 $47,453)	2,580,252	2,357,837
Premises and equipment, net	63,088	63,974
Goodwill	25,510	20,686
Other intangible assets, net	7,432	6,687
Cash surrender value of bank owned life insurance	43,103	41,470
Deferred tax assets, net	21,638	22,173
Other assets	44,652	41,504
Total assets	3,998,976	3,665,607
Deposits:
Noninterest-bearing	881,685	666,607
Interest-bearing	2,407,421	2,234,241
Total deposits	3,289,106	2,900,848
Securities sold under agreements to repurchase	172,972	198,893
Long-term debt	80,000	50,000
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Other liabilities	28,712	27,227
Total liabilities	3,625,790	3,231,968
Commitments and contingencies (see Note 20 - Commitments, Contingencies and Credit Risk)
Stockholders' Equity
Series C Preferred stock, $.001 par value, 2014 72,664 shares authorized, issued and outstanding, $1,000.00 liquidation value		72,664
Common stock, $.001 par value, authorized 66,666,667 shares; issued 29,427,738 shares	29	29
Surplus	591,053	593,746
Retained earnings (deficit)	(190,265)	(210,384)
Accumulated other comprehensive income	2,340	5,817
Total stockholders' equity before treasury stock	403,157	461,872
Common stock shares held in treasury at cost - 2015 732,887; 2014 475,441	(29,971)	(28,233)
Total stockholders' equity	373,186	433,639
Total liabilities and stockholders' equity	$ 3,998,976	$ 3,665,607

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Cash and due from banks, interest-bearing (in dollars)	$ 250,404	$ 243,769
Loans, allowance for loan losses (in dollars)	$ 47,487	$ 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	66,666,667	66,666,667
Common stock, shares issued	29,427,738	29,427,738
Common stock shares held in treasury	732,887	475,441

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest income:
Interest and fees on loans	$ 100,395	$ 92,395	$ 92,233
Interest and dividends on investment securities:
Taxable interest income	14,330	12,427	12,570
Non-taxable interest income	3,297	3,253	3,893
Total interest income	118,022	108,075	108,696
Interest expense:
Deposits	4,756	5,123	7,099
Federal funds purchased and securities sold under agreements to repurchase	182	186	186
Short-term borrowings	6		15
Long-term debt	46	7	125
Junior subordinated debt owed to unconsolidated trusts	1,217	1,183	1,206
Total interest expense	6,207	6,499	8,631
Net interest income:	111,815	101,576	100,065
Provision for loan losses	1,600	2,000	7,500
Net interest income after provision for loan losses	110,215	99,576	92,565
Other income:
Trust fees	20,363	19,559	18,521
Commissions and brokers' fees, net	3,096	2,716	2,416
Remittance processing	11,120	9,421	8,354
Service charges on deposit accounts	12,600	12,038	11,947
Other service charges and fees	6,483	6,238	5,961
Gain on sales of loans	5,843	4,723	10,227
Security gains, net	380	776	553
Other	4,907	3,470	4,604
Total other income	64,792	58,941	62,583
Other expense:
Salaries and wages	54,020	51,734	52,891
Employee benefits	9,496	9,607	10,922
Net occupancy expense of premises	8,704	8,462	8,489
Furniture and equipment expenses	4,958	4,725	4,848
Data processing	12,940	10,879	10,465
Amortization of intangible assets	3,192	2,884	3,132
Regulatory expense	2,357	2,079	2,290
Other	19,638	17,839	19,274
Total other expense	115,305	108,209	112,311
Income before income taxes	59,702	50,308	42,837
Income taxes	20,696	17,534	14,111
Net income	39,006	32,774	28,726
Preferred stock dividends	700	727	3,633
Net income available for common stockholders	$ 38,306	$ 32,047	$ 25,093
Basic earnings per common share (in dollars per share)	$ 1.32	$ 1.11	$ 0.87
Diluted earnings per common share (in dollars per share)	$ 1.32	$ 1.10	$ 0.86

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 39,006	$ 32,774	$ 28,726
Unrealized net (losses) gains on securities:
Unrealized net holding (losses) gains arising during period	(5,418)	2,902	(14,892)
Reclassification adjustment for (gains) included in net income	(380)	(776)	(553)
Other comprehensive (loss) income, before tax	(5,798)	2,126	(15,445)
Income tax (benefit) expense related to items of other comprehensive income	(2,321)	765	(6,359)
Other comprehensive (loss) income, net of tax	(3,477)	1,361	(9,086)
Comprehensive income	$ 35,529	$ 34,135	$ 19,640

- 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	Surplus	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income	Treasury Stock	Total
Balance at Dec. 31, 2012	$ 72,664	$ 29	$ 594,470	$ (240,321)	$ 13,542	$ (31,587)	$ 408,797
Increase (decrease) in shareholders' equity
Net income				28,726			28,726
Other comprehensive income (loss)					(9,086)		(9,086)
Issuance of treasury stock for employee stock purchase Plan			(288)			394	106
Net issuance of treasury stock for restricted stock unit vesting and related tax benefit			(2,145)			1,927	(218)
Cash dividends common stock at $0.62, $0.57 and $0.36 per share for the years December 2015, 2014 and 2013, respectively				(10,407)			(10,407)
Stock dividend equivalents restricted stock units at $0.62, $0.57 and $0.36 per share for the years December 2015, 2014 and 2013, respectively			87	(87)
Stock based employee compensation			1,079				1,079
Preferred stock dividends				(3,633)			(3,633)
Balance at Dec. 31, 2013	72,664	29	593,203	(225,722)	4,456	(29,266)	415,364
Increase (decrease) in shareholders' equity
Net income				32,774			32,774
Other comprehensive income (loss)					1,361		1,361
Issuance of treasury stock for employee stock purchase Plan			(481)			692	211
Net issuance of treasury stock for restricted stock unit vesting and related tax benefit			(375)			341	(34)
Cash dividends common stock at $0.62, $0.57 and $0.36 per share for the years December 2015, 2014 and 2013, respectively				(16,497)			(16,497)
Stock dividend equivalents restricted stock units at $0.62, $0.57 and $0.36 per share for the years December 2015, 2014 and 2013, respectively			212	(212)
Stock based employee compensation			1,187				1,187
Preferred stock dividends				(727)			(727)
Balance at Dec. 31, 2014	72,664	29	593,746	(210,384)	5,817	(28,233)	433,639
Increase (decrease) in shareholders' equity
Net income				39,006			39,006
Other comprehensive income (loss)					(3,477)		(3,477)
Issuance of treasury stock for employee stock purchase Plan			(590)			881	291
Net issuance of treasury stock for restricted stock unit vesting and related tax benefit			(3,784)			3,643	(141)
Issuance of shares of treasury stock						34	34
Cash dividends common stock at $0.62, $0.57 and $0.36 per share for the years December 2015, 2014 and 2013, respectively				(17,919)			(17,919)
Stock dividend equivalents restricted stock units at $0.62, $0.57 and $0.36 per share for the years December 2015, 2014 and 2013, respectively			268	(268)
Stock based employee compensation			1,418				1,418
Preferred stock dividends				(700)			(700)
Purchase of 333,333 shares of treasury stock						(6,296)	(6,296)
Cash paid in lieu of fractional shares in reverse stock split			(5)				(5)
Redemption of SBLF	$ (72,664)						(72,664)
Balance at Dec. 31, 2015		$ 29	$ 591,053	$ (190,265)	$ 2,340	$ (29,971)	$ 373,186

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Issuance of shares of treasury stock for employee stock purchase plan	15,292	12,612	7,498
Issuance of shares of treasury stock for restricted stock unit vesting and related tax benefit	59,983	6,206	37,004
Stock Issued During Period, Shares, Treasury Stock Reissued	612
Cash dividends, common stock (in dollars per share)	$ 0.62	$ 0.57	$ 0.36
Stock dividends, restricted stock units (in dollars per share)	$ 0.62	$ 0.57	$ 0.36
Purchase of treasury stock	333,333

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities
Net income	$ 39,006	$ 32,774	$ 28,726
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based and non-cash compensation	1,418	1,187	1,079
Depreciation	5,697	5,572	5,466
Amortization of intangible assets	3,192	2,884	3,132
Premises and equipment impairment	670
Provision for loan losses	1,600	2,000	7,500
Provision for deferred income taxes	2,985	12,715	10,110
Amortization of security premiums and discounts, net	8,360	7,305	8,744
Accretion of premiums and discounts on loans, net	(1,476)
Net security gains	(380)	(776)	(553)
Gain on sales of loans, net	(5,843)	(4,723)	(10,227)
Increase in cash surrender value of bank owned life insurance	(1,454)	(796)	(1,189)
Net losses (gains) on disposition of premises and equipment	355	(19)	(533)
Increase (decrease) in deferred compensation	201	363	(49)
Change in assets and liabilities:
(Increase) decrease in other assets	(137)	2,112	9,620
Decrease in other liabilities	(1,329)	(650)	(63)
Net cash provided by operating activities before activities for loans originated for sale	52,865	59,948	61,763
Loans originated for sale	(267,737)	(222,976)	(450,226)
Proceeds from sales of loans	276,377	231,139	486,616
Net cash provided by operating activities	61,505	68,111	98,153
Cash Flows from Investing Activities
Purchases of securities classified available for sale	(235,291)	(182,123)	(83,718)
Purchases of securities classified held to maturity	(16,287)	(1,026)	(839)
Proceeds from sales of securities classified available for sale	25,068	74,113	16,365
Proceeds from maturities of securities classified available for sale	200,780	185,329	203,908
Proceeds from maturities of securities classified held to maturity	480	10
Net increase in loans	(118,398)	(126,604)	(258,366)
Purchases of premises and equipment	(4,114)	(3,778)	(2,549)
Proceeds from disposition of premises and equipment	312	78	2,856
Proceeds from sale of OREO properties	1,090	2,739	3,645
Net cash received in acquisitions	12,114
Net cash used in investing activities	(134,246)	(51,262)	(118,698)
Cash Flows from Financing Activities
Net decrease in certificates of deposit	(86,574)	(86,300)	(108,828)
Net increase (decrease) in demand deposits, money market and savings accounts	232,931	118,010	(2,326)
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase	(25,921)	26,545	33,324
Principal payments on long-term debt			(7,000)
Proceeds from long-term debt	30,000	50,000
Value of shares surrendered upon vesting of restricted stock units to cover tax obligations	(269)	(45)	(237)
Redemption of SBLF preferred stock	(72,664)
Cash dividends paid	(18,619)	(17,224)	(14,040)
Cash payment for fractional shares related to reverse stock split	(5)
Purchase of treasury stock	(6,296)
Net cash provided by (used in) financing activities	52,583	90,986	(99,107)
Net (decrease) increase in cash and due from banks	(20,158)	107,835	(119,652)
Cash and due from banks, beginning	339,438	231,603	351,255
Cash and due from banks, ending	319,280	339,438	231,603
Cash Payments for:
Interest	6,282	6,665	9,086
Income taxes	17,170	6,395	4,749
Non-cash Investing and Financing Activities:
Other real estate acquired in settlement of loans	$ 1,251	$ 660	$ 2,068

Significant Accounting Policies

12 Months Ended

Dec. 31, 2015

Significant Accounting Policies

Significant Accounting Policies

Note 1. Significant Accounting Policies

Description of business

First Busey Corporation is a Nevada corporation and a financial holding company. The Company’s subsidiaries provide retail and commercial banking services, remittance processing, and offer a full range of financial products and services, including depository, lending, security brokerage services, investment management and fiduciary services, to individual, corporate, institutional and governmental customers through its locations in Illinois, Indianapolis, Indiana and southwest Florida. The Company and its subsidiaries are subject to competition from other financial institutions and non-financial institutions providing financial products and services. The Company and its subsidiaries are also subject to the regulations of certain regulatory agencies and undergo periodic examinations by those regulatory agencies.

All share and per share information has been restated for all prior periods presented in this Annual Report on Form 10-K to give retroactive effect to the Reverse Stock Split.

The significant accounting and reporting policies for the Company and its subsidiaries follow:

Basis of consolidation

The Consolidated Financial Statements include the accounts of the Company and its subsidiaries: Busey Bank and its wholly-owned subsidiary FirsTech, Inc.; and Busey Wealth Management, Inc. and its wholly-owned subsidiaries Busey Trust Company and Busey Capital Management, Inc. The Company and its subsidiaries maintain various LLCs that hold specific assets for risk mitigation purposes and are consolidated into these financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.

The Consolidated Financial Statements also exclude the following wholly-owned variable interest entities: First Busey Statutory Trust II, First Busey Statutory Trust III and First Busey Statutory Trust IV because the Company is not the primary beneficiary.

The Consolidated Financial Statements of the Company have been prepared in conformity with GAAP and conform to predominant practice within the banking industry.

Use of estimates

In preparing the accompanying Consolidated Financial Statements in conformity with GAAP, 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 ability to realize its deferred tax assets.

Comprehensive income

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income (loss).

Trust assets

Assets held for customers in a fiduciary or agency capacity, other than trust cash on deposit at the Company’s bank subsidiary, are not assets of the Company and, accordingly, are not included in the accompanying Consolidated Financial Statements. Busey Trust Company had assets under care of $5.1 billion and $5.2 billion at December 31, 2015 and 2014, respectively.

Cash flows

For purposes of the consolidated statement of cash flows, cash and due from banks includes cash on hand and amounts due from banks. Cash flows from federal funds purchased and sold, short-term borrowings, and securities sold under agreements to repurchase are reported net, since their original maturities are less than three months. Cash flows from loans and deposits are also reported net.

Securities

Securities classified as held to maturity are those debt securities that the Company intends to hold to maturity. Securities held to maturity are carried at cost, adjusted for amortization of premiums and accretion of discounts.

Securities classified as available for sale are those debt securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity, and marketable equity securities. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital considerations and other similar factors. Securities available for sale are carried at fair value, with temporary unrealized gains and losses excluded from earnings and reported in other comprehensive income.

Declines in the fair value of debt securities below their amortized cost are evaluated to determine whether they are temporary or OTTI. If the Company (a) has the intent to sell a debt security or (b) more likely than not will be required to sell the debt security before its anticipated recovery, then the Company recognizes the entire unrealized loss in earnings as an OTTI loss. If neither of these conditions are met, the Company evaluates whether a credit loss exists. The impairment is separated into (x) the amount of the total impairment related to the credit loss and (y) the amount of total impairment related to all other factors. The amount of the total OTTI related to the credit loss is recognized in earnings and the amount related to all other factors is recognized in other comprehensive income.

The Company also evaluates whether the decline in fair value of an equity security is temporary or OTTI. In determining whether an unrealized loss on an equity security is temporary or OTTI, management considers various factors, including the magnitude and duration of the impairment, the financial condition and near-term prospects of the issuer, and the intent and ability of the Company to hold the equity security to forecasted recovery.

Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method.

Loans held for sale

Loans held for sale are those loans the Company has the intent to sell in the foreseeable future. They consist of mortgage loans conforming to established guidelines and held for sale to investors and the secondary mortgage market. Loans held for sale are carried at the lower of aggregate cost or estimated fair value, as determined by aggregate outstanding commitments from investors or current investor yield requirements. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Gains and losses on sales of loans are recognized at settlement dates and are determined by the difference between the sales proceeds and the carrying amount of the loans after allocating cost to servicing rights retained.

The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. To avoid interest rate risk, the Company also enters into mortgage loan sales commitments at the time it makes the interest rate lock commitment. Accordingly, such commitments along with any related fees received from potential borrowers are recorded at fair value, with changes in fair value recorded in the net gain or loss on sale of mortgage loans. Fair value is based on the change in estimated fair value of the underlying mortgage loan. The fair value is subject to change primarily due to changes in interest rates and is considered immaterial to the Consolidated Financial Statements.

Loan servicing

Servicing assets are recognized as separate assets when rights are acquired or retained through the sale of mortgage loans. Mortgage servicing rights are initially recorded at fair value. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. Capitalized servicing rights are reported in other assets and are amortized into other income in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets.

Mortgage servicing rights are periodically evaluated for impairment based on the fair value of those rights as compared to book value. Fair values are estimated using discounted cash flows based on current expected future prepayment rates. For purposes of measuring impairment, the rights must be stratified by one or more predominant risk characteristics of the underlying loans. The Company stratifies its capitalized mortgage servicing rights based on the type of the underlying loans. The amount of impairment recognized is the amount, if any, by which the amortized cost of the rights for each stratum exceeds its fair value. If the Company later determines that all or a portion of the impairment no longer exists for a particular group of loans, a reduction of the allowance may be recorded as an increase to income. The Company had no impairment recorded at December 31, 2015 and 2014.

Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income.

Loans

Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at the principal balance outstanding, net of purchase premiums and discounts, charge-offs, the allowance for loan losses, and any deferred origination fees or costs on loans.

Retail loan origination fees, net of certain direct loan origination costs, are deferred and the net amount is amortized as an adjustment of the related loan’s yield. The Company is generally amortizing these amounts over the contractual life. However, for long-term, fixed-rate residential mortgages, the Company has anticipated prepayments and assumes an estimated economic life of five years or less. Material commercial loan origination fees are amortized over the life of the loan which is usually a term of three years or less. Commitment fees and costs are generally based upon a percentage of a customer’s maximum line of credit or fees related to standby letters of credit and are recognized as collected.

Interest income is accrued daily on the outstanding balances. 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. Past due status is based on the contractual terms of the loan.

Interest accrued in the current year but not collected for loans that are placed on non-accrual status or charged-off is reversed against interest income. Interest accrued during the prior year but not collected for loans that are placed on non-accrual status or charged-off is charged against the allowance for loan losses. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Purchased credit-impaired loans

In conjunction with business combinations, the Company purchases loans, some of which have shown evidence of credit deterioration since origination. These purchased credit-impaired (“PCI”) loans are recorded at fair value at acquisition date, factoring in credit losses expected to be incurred over the life of the loan. Accordingly, the seller’s allowance for loan losses is not carried over or recorded as of the acquisition date.

PCI loans are reviewed individually or aggregated into pools of loans based on common risk characteristics. The Company estimates the amount and timing of expected cash flows and the excess of the cash flows expected to be collected over the recorded investment, if material, is considered to be the accretable yield and is recognized as interest income over the life. The excess of the contractual cash flows over the cash flows expected to be collected is considered to be the nonaccretable difference.

Over the life, expected cash flows continue to be estimated and any increases in expected cash flows over those expected at purchase date in excess of fair value that are significant and probable are adjusted through the accretable yield on a prospective basis. Any subsequent decreases in expected cash flows over those expected at purchase date that are probable are recognized by recording an allowance for loan losses.

Allowance for loan losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. 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.

The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

In addition, regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan losses, and may require the Company to make additions to the allowance based on their judgment about information available to them at the time of their examinations.

The allowance consists of specific and general components. The specific component considers loans that are classified as impaired. For such loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying amount of that loan. The general component covers non-classified loans and classified loans not considered impaired, and is based on historical loss experience adjusted for qualitative factors. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss experience.

Premises and equipment

Land is stated at cost less accumulated depreciation of depreciable land improvements. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed principally by the straight-line method over the estimated useful lives of the assets. The estimated useful lives for premises and equipment are:

Asset Description		Estimated Useful Life
Buildings and improvements		3 – 40 years
Furniture and equipment		3 – 10 years

Long-lived assets

Long-lived assets, including premises and equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss would be recognized when estimated undiscounted future cash flows from operations of the asset are less than the carrying value of the asset. The cash flows used for this analysis are those directly associated with and that are expected to arise as a direct result of the use and eventual disposition of the asset. An impairment loss would be measured by the amount by which the carrying value of the asset exceeds its fair value.

Other real estate owned

Goodwill

Goodwill represents the excess of the cost of a business acquired over the fair value of the new assets acquired. Goodwill is not amortized, but is subject to at least annual impairment assessments. The Company has established December 31 as the annual impairment assessment date. Accounting standards allow for goodwill to be tested for impairment by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If the reporting unit does not pass the qualitative assessment, then the reporting unit’s carrying value is compared to its fair value. The Company estimates the fair value of its reporting units as of the measurement date utilizing valuation methodologies including the comparable transactions approach and the control premium approach. Goodwill is considered impaired if the carrying value of the reporting unit exceeds its fair value. There was no impairment determined at December 31, 2015 and 2014. It is possible the Company will evaluate its goodwill for impairment on a more frequent basis than annually. Future evaluations may result in impairment. See Note 9 — Goodwill and Other Intangible Assets for further discussion.

Cash surrender value of bank-owned life insurance

The Company has purchased life insurance policies on certain executives and senior officers. Life insurance is recorded at its cash surrender value.

ASC Topic 715, “Compensation—Retirement Benefits” requires an employer to recognize a liability for post-employment benefits promised to an employee based on an arrangement between an employer and an employee. In an endorsement split-dollar arrangement, the employer owns and controls the policy, and the employer and employee split the life insurance policy’s cash surrender value and/or death benefits. If the employer agrees to maintain a life insurance policy during the employee’s retirement, the present value of the cost of maintaining the insurance policy would be accrued over the employee’s active service period. Similarly, if the employer agrees to provide the employee with a death benefit, the present value of the death benefit would be accrued over the employee’s active service period. The Company has an accrued liability, included in other liabilities, for this arrangement.

Transfers of financial assets

Transfers of financial assets are accounted for as sales only when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company, (2) the transferee obtains the right to pledge or exchange the assets it received, and no condition both constrains the transferee from taking advantage of its right to pledge or exchange and provides more than a modest benefit to the transferor, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.

Income taxes

The Company is subject to income taxes in the U.S. federal and various state jurisdictions. The Company and its subsidiaries file consolidated federal and state income tax returns with each subsidiary computing its taxes on a separate entity basis. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state or local tax examinations by tax authorities for the years before 2011. The provision for income taxes is based on income as reported in the Consolidated Financial Statements.

The Company has maintained significant net deferred tax assets for deductible temporary differences, the largest of which relates to the allowance for loan losses. For income tax return purposes, only actual charge-offs are deductible, not the provision for loan losses. Under GAAP, a valuation allowance is required to be recognized if it is more likely than not that the deferred tax assets will not be realized. The determination of the recoverability of the deferred tax assets is highly subjective and dependent upon judgment concerning management’s evaluation of both positive and negative evidence, the forecasts of future income, applicable tax planning strategies, and assessments of the current and future economic and business conditions. The Company considers both positive and negative evidence regarding the ultimate recoverability of its deferred tax assets. Positive evidence includes available tax planning strategies and the probability that taxable income will continue to be generated in future periods, as it was in periods since March 31, 2010, while negative evidence includes a cumulative loss in 2009 and 2008 and certain business and economic trends.

The Company evaluated the recoverability of its net deferred tax assets and established a valuation allowance for certain state net operating loss and credit carryforwards that are not expected to be fully realized. Management believes that it is more likely than not that the other deferred tax assets included in the accompanying Consolidated Financial Statements will be fully realized. The Company determined that no valuation allowance was required for any other deferred tax assets as of December 31, 2015, although there is no guarantee that those assets will be recognizable in future periods.

Positions taken in tax returns may be subject to challenge upon examination by the taxing authorities. Uncertain tax positions are initially recognized in the Financial Statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions are both initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon settlement with the tax authority, assuming full knowledge of the position and all relevant facts. When applicable, the Company recognizes interest accrued related to unrecognized tax benefits and penalties in operating expenses. The Company had no accruals for payments of interest and penalties at December 31, 2015 and 2014.

At December 31, 2015, the Company was not under examination by any tax authority.

Treasury Stock

Treasury stock acquired is recorded at cost. Treasury stock issued is valued based on the “first-in, first-out” method. Gains and losses on issuance are recorded as increases or decreases to surplus.

Stock-based employee compensation

During the second quarter of 2010, the Company adopted the First Busey Corporation 2010 Equity Incentive Plan (“2010 Equity Plan”), which was approved at the annual stockholders meeting on May 19, 2010. During the second quarter of 2015, the Company adopted an amendment to revise some technical terms to the 2010 Equity Plan, which was approved at the annual stockholders meeting on May 20, 2015. The Company will no longer make any additional grants under prior plans.

The Company’s equity incentive plans are designed to encourage ownership of its common stock by its employees and directors, to provide additional incentive for them to promote the success of the Company’s 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 plans. See Note 18 — Stock Incentive Plans for further discussion.

The Company calculates the compensation cost of its non-vested stock awards (restricted stock units) based on the Company’s stock price on the grant date multiplied by the number of units granted. This cost is recorded over a specified requisite service period (i.e. vesting period) ranging from one to five years. As the units cliff vest and are subject only to a service condition, the cost is recorded using straight-line amortization. No compensation cost is recognized for unvested awards that are forfeited.

Segment disclosure

Operating segments are components of a business that (i) engage in business activities from which it may earn revenues and incur expenses; (ii) have operating results that are reviewed regularly by the entity’s chief operating decision maker to make decisions about resources to be allocated to the segments and assess their performance; and (iii) for which discrete financial information is available. The Company’s operations are managed along three operating segments consisting of Banking, Remittance Processing and Wealth Management.

Business Combinations

Business combinations are accounted for under ASC 805, Business Combinations, using the acquisition method of accounting. The acquisition method of accounting requires an acquirer to recognize the assets acquired and the liabilities assumed at the acquisition date measured at their fair values as of that date. To determine the fair values, the Company may rely on third party valuations, such as appraisals, or internal valuations based on discounted cash flow analyses or other valuation techniques. Under the acquisition method of accounting, the Company will identify the acquirer and the closing date and apply applicable recognition principles.

On January 8, 2015, First Busey completed its acquisition of Herget Financial, headquartered in Pekin, Illinois. The operating results of Herget Financial are included with the Company’s results of operations since the date of acquisition. On December 3, 2015, the Company entered into a Merger Agreement with Pulaski. The Merger is anticipated to be completed in the first half of 2016, and is subject to the satisfaction of customary closing conditions in the Merger Agreement and the approval of the appropriate regulatory authorities and of the stockholders of both Pulaski and First Busey. See “Note 2 —Acquisitions” in the Notes to the Consolidated Financial Statements for further information relating to these acquisitions.

Acquisition related costs are costs the Company incurs to effect a business combination. Those costs may include legal, accounting, valuation, other professional or consulting fees, system conversions and marketing costs. The Company will account for acquisition related costs as expenses in the periods in which the costs are incurred and the services are received. Costs that the Company expects, but is not obligated to incur in the future, to effect its plan to exit an activity of an acquiree or to terminate the employment of an acquiree’s employees are not liabilities at the acquisition date. Instead, the Company will recognize these costs in its post-combination financial statements in accordance with other applicable accounting guidance.

Derivative Financial Instruments

The Company enters into derivative financial instruments as part of its foreign currency risk management strategies. These derivative financial instruments consist of foreign currency forward contracts to accommodate the business needs of its customers. The derivative instruments are recorded on the balance sheet, as either an asset or liability, at their fair value. For derivative instruments not accounted for as hedges, changes in fair value are recognized in other income.

Earnings per share

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 December 31, 2015, 61,568 outstanding options and 191,278 warrants were anti-dilutive and excluded from the calculation of common stock equivalents. At December 31, 2014, 152,543 outstanding options, 191,278 warrants, and 117,992 restricted stock units were anti-dilutive and excluded from the calculation of common stock equivalents.

Earnings per common share, adjusted to reflect the Reverse Stock Split, have been computed as follows:

	For the Years Ended December 31,
	2015		2014		2013
	(in thousands, except per share data)
Net income available to common stockholders	$	38,306	$	32,047	$	25,093
Shares:
Weighted average common shares outstanding	28,928		28,969		28,921
Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method	175		128		100


Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation	29,103		29,097		29,021

Basic earnings per common share	$	1.32	$	1.11	$	0.87


Diluted earnings per common share	$	1.32	$	1.10	$	0.86

Reclassifications

Reclassifications have been made to certain prior year account balances, with no effect on net income or stockholders’ equity, to be consistent with the classifications adopted as of and for the year ended December 31, 2015.

Subsequent events

The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the Consolidated Financial Statements included in this Annual Report on Form 10-K were issued. There were no significant subsequent events for the year ended December 31, 2015 through the filing date of these Consolidated Financial Statements.

Impact of new financial accounting standards

Accounting Standards Update (“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 was originally effective for reporting periods after December 15, 2016. In August 2015, ASU 2015-14, “Revenue from Contracts with Customers (Topic 606)” was issued to delay the effective date of ASU 2014-09 by one year. The Company is evaluating the impact this guidance will have on its consolidated financial statements and related disclosures.

ASU 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments (Topic 805): Business Combinations.” ASU 2015-16 replaces the requirement that an acquirer in a business combination account for measurement period adjustments retrospectively with a requirement that an acquirer recognize adjustments to the provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The guidance is to be applied prospectively to adjustments to provisional amounts that occur after the effective date of the guidance, with earlier application permitted for financial statements that have not been issued. The guidance is not expected to have a significant impact on the Company’s financial statements.

ASU 2016-01, “Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 is intended to improve the recognition and measurement of financial instruments by, among other things, requiring: equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement for public business entities to disclose the method and significant assumptions used to estimate the fair value that is to be required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from the change in the instrument-specific credit risk when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. ASU 2016-01 will be effective on January 1, 2018 and the Company is evaluating the impact this guidance will have on its consolidated financial statements and related disclosures.

Acquisitions

12 Months Ended

Dec. 31, 2015

Acquisitions

Acquisitions

Note 2. Acquisitions

Pulaski

On December 3, 2015, the Company entered into a Merger Agreement with Pulaski, pursuant to which Pulaski will merge into First Busey, with First Busey as the surviving corporation. It is anticipated that Pulaski Bank will be merged with and into Busey Bank, at a date following the completion of the holding company merger. At the time of the bank merger, Pulaski Bank’s branches will become branches of Busey Bank. The Federal Reserve Bank of Chicago has approved the Merger and it is anticipated to be completed in the first half of 2016, subject to the satisfaction of customary closing conditions in the Merger Agreement and the approval of the stockholders of both Pulaski and First Busey. As of December 31, 2015, Pulaski had total consolidated assets of $1.65 billion, total loans of $1.41 billion and total deposits of $1.21 billion.

The merger with Pulaski will allow the Company to significantly expand its geographic presence through a premier St. Louis banking franchise with an almost 100-year history and a strong regional mortgage presence. By acquiring organizations with a similar philosophy in markets which complement the Company’s existing customer base, it intends to expand its franchise through balanced, integrated growth strategies that generate value. During 2015, First Busey incurred $0.4 million of acquisition expenses related to the planned acquisition of Pulaski, comprised primarily of legal and consulting costs. Please reference Amendment No. 1 to the Company’s Registration Statement on Form S-4, which includes a joint proxy statement/prospectus, filed on February 1, 2016, for additional information regarding our pending acquisition of Pulaski.

Herget Financial

On January 8, 2015, First Busey acquired Herget Financial, headquartered in Pekin, Illinois and its wholly-owned bank subsidiary, 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 and into Busey Bank. At that time, Herget Bank’s branches 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 holder of Herget Financial common stock received $588.00 per share in cash.

During the twelve months ended December 31, 2015, expenses related to the acquisition of Herget Financial totaled $1.0 million. Additionally, during 2014, the Company 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 Consolidated 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 were 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 became available; however, the Company did not make any adjustments.

The following table provides an assessment of Herget Financial’s 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. 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

Cash and Due from Banks	12 Months Ended
Cash and Due from Banks	Dec. 31, 2015
Cash and Due from Banks
Cash and Due from Banks	Note 3. Cash and Due from Banks The Bank is required to maintain certain cash reserve balances with the Federal Reserve Bank of Chicago, which may be offset by cash on hand. The required reserve balances as of December 31, 2015 and 2014 were approximately $14.6 million and $12.3 million, respectively. The Company maintains its cash in deposit accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. Management believes the Company is not exposed to any significant credit risk on cash and cash equivalents.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References + Details

Securities

12 Months Ended

Dec. 31, 2015

Securities

Securities

Note 4. Securities

The amortized cost, unrealized gains and losses and fair values of securities are summarized as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
December 31, 2015:	Cost		Gains		Losses			Value
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	65,003	$	189	$	(1	)	$	65,191
Obligations of U.S. government corporations and agencies	132,547		211		(153		)	132,605
Obligations of states and political subdivisions	176,764		2,154		(306		)	178,612
Residential mortgage-backed securities	304,978		2,922		(351		)	307,549
Corporate debt securities	150,001		307		(1,503		)	148,805

Total debt securities	829,293		5,783		(2,314		)	832,762
Mutual funds and other equity securities	1,642		434		—			2,076

Total	$	830,935	$	6,217	$	(2,314	)	$	834,838


Held to maturity
Obligations of states and political subdivisions	$	48,835	$	449	$	(34	)	$	49,250
Commercial mortgage-backed securities	997		24		—			1,021

Total	$	49,832	$	473	$	(34	)	$	50,271

			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 as of December 31, 2015, by contractual maturity or pre-refunded date, 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; therefore, actual maturities could differ from the contractual maturities. All 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)				(dollars in thousands)
Due in one year or less	$	116,620	$	117,020	$	1,569	$	1,570
Due after one year through five years	396,132		395,861		18,107		18,202
Due after five years through ten years	91,047		93,564		26,002		26,295
Due after ten years	225,494		226,317		4,154		4,204

Total	$	829,293	$	832,762	$	49,832	$	50,271

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

	For the Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)
Gross security gains	$	401		$	807		$	599
Gross security (losses)	(21		)	(31		)	(46		)


Net security gains	$	380		$	776		$	553

The tax provision for these net realized gains and losses was $0.1 million for the year ended December 31, 2015, $0.3 million for the year ended December 31, 2014, and $0.2 million for the year ended December 31, 2013.

Investment securities with carrying amounts of $627.4 million and $536.2 million on December 31, 2015 and 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 December 31, 2015 and 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
December 31, 2015:	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	364	$	(1	)	$	—	$			$	364	$	(1	)
Obligations of U.S. government corporations and agencies	52,154		(153		)	—					52,154		(153		)
Obligations of states and political subdivisions	40,026		(159		)	11,419		(147		)	51,445		(306		)
Residential mortgage-backed Securities	93,608		(351		)	—		—			93,608		(351		)
Corporate debt securities	99,148		(1,503		)	—		—			99,148		(1,503		)

Total temporarily impaired Securities	$	285,300	$	(2,167	)	$	11,419	$	(147	)	$	296,719	$	(2,314	)


Held to maturity
Obligations of states and political subdivisions(1)	$	8,451	$	(34	)	$	91	$	—		$	8,542	$	(34	)

Total temporarily impaired Securities	$	8,451	$	(34	)	$	91	$	—		$	8,542	$	(34	)

(1)Unrealized losses existing for greater than 12 months, gross, was less than one thousand dollars.

	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	)

Securities are periodically evaluated for OTTI. The total number of securities in the investment portfolio in an unrealized loss position as of December 31, 2015 was 203, and represented a loss of 0.8% of the aggregate carrying value. As of December 31, 2015, the Company does not intend to sell the securities in the table above 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 OTTI at December 31, 2015.

The Company had available for sale obligations of state and political subdivisions with a fair value of $178.6 million and $220.2 million as of December 31, 2015 and 2014, respectively. In addition, the Company had held to maturity obligations of state and political subdivisions with a fair value of $49.3 million and $1.4 million at December 31, 2015 and 2014, respectively.

As of December 31, 2015, the fair value of the Company’s obligations of state and political subdivisions portfolio was comprised of $193.4 million of general obligation bonds and $34.3 million of revenue bonds issued by 278 issuers, primarily consisting of states, counties, cities, towns, villages and school districts. The Company held investments in general obligation bonds in 29 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
	Number of	Amortized		Fair		Per Issuer
December 31, 2015:	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
U.S. State
Illinois	77	$	64,455	$	65,557	$	851
Wisconsin	36	30,889		31,079		863
Michigan	39	27,923		28,339		727
Pennsylvania	10	12,601		12,650		1,265
Texas	18	12,117		12,165		676
Ohio	10	10,723		10,705		1,071
Iowa	3	5,550		5,571		1,857
Other	48	26,938		27,375		570

Total general obligations bonds	241	$	191,196	$	193,441	$	803

						Average Exposure
	Number of	Amortized		Fair		Per Issuer
December 31, 2014:	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
U.S. State
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 December 31, 2015 and 2014. Accordingly, as of December 31, 2015 and 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, 97.6% had been rated by at least one nationally recognized statistical rating organization and 2.4% were unrated, based on the fair value as of December 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
	Number of	Amortized		Fair		Per Issuer
December 31, 2015:	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
U.S. State
Indiana	9	$	10,187	$	10,173	$	1,130
Illinois	7	8,450		8,478		1,211
Other	21	15,766		15,770		751

Total revenue bonds	37	$	34,403	$	34,421	$	930

						Average Exposure
	Number of	Amortized		Fair		Per Issuer
December 31, 2014:	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
U.S. State
Indiana	8	$	12,520	$	12,469	$	1,559
Illinois	4	6,772		6,708		1,677
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 December 31, 2015 and 2014. Accordingly, as of December 31, 2015 and 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 December 31, 2015 and 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 Capital at the time of purchase and an aggregate 15% of Total 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 Busey 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 Busey 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.

- Definition

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

+ References + Details

Loans

12 Months Ended

Dec. 31, 2015

Loans

Loans

Note 5. Loans

Geographic distributions of loans were as follows:

	December 31, 2015
	Illinois		Florida		Indiana		Total
	(dollars in thousands)

Commercial	$	606,542	$	16,141	$	33,893	$	656,576
Commercial real estate	907,628		166,885		133,916		1,208,429
Real estate construction	47,466		15,032		34,070		96,568
Retail real estate	532,001		108,978		19,563		660,542
Retail other	14,125		850		—		14,975
Total gross loans	$	2,107,762	$	307,886	$	221,442	$	2,637,090

Less held for sale(1)							9,351
							$	2,627,739

Less allowance for loan losses							47,487
Net loans							$	2,580,252

(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 gross loans	$	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 $0.9 million as of December 31, 2015 and $0.6 million as of December 31, 2014.

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 directors of the Company and its subsidiaries, 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, the loan review department 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 retail other loans. 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.

Commercial Loans

Commercial loans typically comprise working capital loans or business expansion loans, including loans for asset purchases and other business loans. Commercial loans will generally be guaranteed in full or a significant amount by the primary owners of the business. Commercial loans are made based primarily on the historical and projected cash flow of the underlying borrower and secondarily on the underlying assets pledged as collateral by the borrower. The cash flows of the underlying borrower, however, may not perform consistently with historical or projected information. Further, the collateral securing loans may fluctuate in value due to individual economic or other factors. The Company has established minimum standards and underwriting guidelines for all commercial loan types.

Commercial Real Estate Loans

The Company is primarily located in markets with significant academic presence. The academic presence in addition to the commercial environment provides for the majority of the Company’s commercial lending opportunities to be commercial real estate related, including multi-unit housing. As the majority of the Company’s loan portfolio is within the commercial real estate class, the Company’s goal is to maintain a high quality, geographically diverse portfolio of commercial real estate loans. Commercial real estate loans are subject to underwriting standards and guidelines similar to commercial loans. Commercial real estate loans will generally be guaranteed in full or a significant amount by the primary owners of the business. The repayment of these loans is primarily dependent on the cash flows of the underlying property. However, the commercial real estate loan generally must be supported by an adequate underlying collateral value. The performance and the value of the underlying property may be adversely affected by economic factors or geographical and/or industry specific factors. These loans are subject to other industry guidelines that are closely monitored by the Company.

Real Estate Construction Loans

Real estate construction loans are typically commercial in nature. The loan proceeds are monitored by the Company and advanced for the improvement of real estate in which the Company holds a mortgage. Real estate construction loans will generally be guaranteed in full or a significant amount by the developer or primary owners of the business. These loans are subject to underwriting standards and guidelines similar to commercial loans. The loan generally must be supported by an adequate “as completed” value of the underlying project. In addition to the underlying project, the financial history of the developer and business owners weighs significantly in determining approval. The repayment of these loans is typically through permanent financing following completion of the construction. Real estate construction loans are inherently more risky than loans on completed properties as the unimproved nature and the financial risks of construction significantly enhance the risks of commercial real estate loans. These loans are closely monitored and subject to other industry guidelines.

Retail Real Estate Loans

Retail real estate loans are comprised of direct consumer loans that include residential real estate, residential real estate construction loans, home equity lines of credit and home equity loans. In 2015, the Company sold substantially all of its fixed rate long-term (over 15 years) retail real estate loans to secondary market purchasers and retained fixed rate retail real estate loans having terms typically 15 years or less. In 2016, the Company intends to sell substantially all if its fixed rate retail real estate loans to secondary market purchasers, regardless of the term. As retail real estate loan underwriting is subject to specific regulations, the Company typically underwrites its retail real estate loans to conform to widely accepted standards. Several factors are considered in underwriting including the value of the underlying real estate and the debt to income and credit history of the borrower.

Retail Other Loans

Retail other loans consist of installment loans to individuals, including automotive loans. These loans are centrally underwritten utilizing the borrower’s financial history, including the Fair Isaac Corporation (FICO) credit scoring and information as to the underlying collateral. Repayment is expected from the cash flow of the borrower.

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. Most commercial lending relationships 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 regular basis and reviewed annually. 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 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 $2.46 billion at December 31, 2015, compared to $2.28 billion at December 31, 2014. Loans in the lowest grades, represented by grades 8, 9 and 10, totaled $166.8 million at December 31, 2015, compared to $124.0 million at December 31, 2014.

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:

	December 31, 2015
	Weighted Avg. Risk Grade	Grades 1, 3, 6		Grade 7		Grade 8		Grade 9		Grade 10
	(dollars in thousands)
Illinois/Indiana
Commercial	5.24	$	538,407	$	57,348	$	27,116	$	10,394	$	7,316
Commercial real estate	5.72	948,049		37,463		34,504		21,275		1,325
Real estate construction	6.53	51,309		14,493		14,370		1,051		360
Retail real estate	5.92	518,308		10,437		7,725		3,208		2,586
Retail other	6.10	13,327		64		639		—		130

Total Illinois/Indiana		$	2,069,400	$	119,805	$	84,354	$	35,928	$	11,717


Florida
Commercial	4.83	$	14,887	$	355	$	26	$	572	$	301
Commercial real estate	6.08	120,519		20,775		16,914		8,506		171
Real estate construction	6.11	13,975		560		385		106		6
Retail real estate	6.27	89,090		11,200		6,249		996		553
Retail other	6.01	845		—		5		—		—

Total Florida		$	239,316	$	32,890	$	23,579	$	10,180	$	1,031

Total		$	2,308,716	$	152,695	$	107,933	$	46,108	$	12,748

	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 may be 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:

	December 31, 2015
	Loans past due, still accruing						Non-accrual
	30-59 Days		60-89 Days		90+Days		Loans
	(dollars in thousands)
Illinois/Indiana
Commercial	$	598	$	35	$	15	$	7,316
Commercial real estate	1,037		27		—		1,325
Real estate construction	—		—		—		360
Retail real estate	1,278		160		—		2,586
Retail other	19		1		—		130

Total Illinois/Indiana	$	2,932	$	223	$	15	$	11,717


Florida
Commercial	$	—	$	127	$	—	$	301
Commercial real estate	—		—		—		171
Real estate construction	—		—		—		6
Retail real estate	—		—		—		553
Retail other	—		—		—		—

Total Florida	$	—	$	127	$	—	$	1,031

Total	$	2,932	$	350	$	15	$	12,748

	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. Loans graded 8 over $0.35 million and loans graded 9 or 10 are assessed for impairment by the Company.

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 Company actively seeks to reduce its investment in impaired loans. The primary tools to work through impaired loans are settlement with the borrowers or guarantors, foreclosure of the underlying collateral, loan sales to outside parties or restructuring. During the years ended December 31, 2015 and 2014, the Company sold problem loans from its portfolio, net of charge-offs, of $0.5 million and $3.8 million, respectively.

The gross interest income that would have been recorded in the years ended December 31, 2015, 2014 and 2013 if impaired loans had been current in accordance with their original terms was approximately $0.4 million, $0.8 million, and $1.3 million, respectively. The amount of interest collected on impaired loans and recognized on a cash basis that was included in interest income was $1.0 million in 2015 and insignificant in 2014 and 2013.

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 December 31, 2015 and 2014 is as follows:

	December 31, 2015		December 31, 2014
	(dollars in thousands)
Restructured loans:
In compliance with modified terms	$	8,770	$	11,866
30 – 89 days past due	60		—
Included in non-performing loans	643		1,126

Total	$	9,473	$	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 December 31, 2015 included one retail real estate modification in Illinois/Indiana for short-term principal payment relief, with a recorded investment of $0.2 million, one retail real estate modification in Illinois/Indiana for short-term interest rate relief, with a recorded investment of $0.1 million and one retail other modification in Illinois/Indiana for short-term interest rate relief, with a recorded investment of $0.1 million.

Performing loans classified as TDRs during the twelve months ended December 31, 2015 included one commercial modification in Illinois/Indiana for short-term principal payment relief, with a recorded investment of $0.2 million, one retail real estate modification in Illinois/Indiana for short-term interest rate relief, with a recorded investment of $0.1 million, three retail real estate modifications in Illinois/Indiana for short-term principal payment relief, with a recorded investment of $0.3 million, one retail real estate modifications in Florida for short-term principal payment relief, with a recorded investment of $0.1 million and one retail other modification in Illinois/Indiana for short-term interest rate relief, with a recorded investment of $0.1 million.

Performing loans classified as TDRs during the three and twelve months ended December 31, 2014 included one commercial real estate modification in Florida for short-term principal payment relief, with a recorded investment of $2.0 million. Other performing loans classified as TDRs during the twelve months ended December 31, 2014 were insignificant.

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

There were no 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 December 31, 2015. TDRs that were entered into during the last twelve months that subsequently were classified as non-performing and had payment defaults during the twelve months ended December 31, 2015 consisted of one Florida commercial modification totaling $0.3 million.

TDRs that were entered into during the prior twelve months that subsequently were classified as non-performing and had payment defaults during the three and twelve months ended December 31, 2014 consisted of one Illinois/Indiana commercial modification totaling $0.3 million.

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.

	December 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	$	12,901	$	3,061	$	8,238	$	11,299	$	3,304	$	3,655
Commercial real estate	2,321		1,505		419		1,924		419		3,581
Real estate construction	1,003		332		29		361		29		309
Retail real estate	4,263		3,128		452		3,580		152		3,200
Retail other	267		233		—		233		—		255

Total Illinois/Indiana	$	20,755	$	8,259	$	9,138	$	17,397	$	3,904	$	11,000


Florida
Commercial	$	1,401	$	301	$	—	$	301	$	—	$	827
Commercial real estate	3,544		2,513		944		3,457		40		5,119
Real estate construction	566		498		—		498		—		524
Retail real estate	8,115		7,980		—		7,980		—		8,870
Retail other	5		—		5		5		5		6

Total Florida	$	13,631	$	11,292	$	949	$	12,241	$	45	$	15,346

Total	$	34,386	$	19,551	$	10,087	$	29,638	$	3,949	$	26,346

	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 December 31, 2015 and 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 December 31, 2015 and 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 December 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 December 31, 2015 and 2014, based upon a review of the differences between the rolling 12- and 20-quarter historical loss averages by region. As of December 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 fourth quarter of 2015, the Company did not make adjustments to any qualitative factors. The Company will continue to monitor its qualitative factors on a quarterly basis.

Changes in the allowance for loan losses were as follows:

	Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)

Balance, beginning of year	$	47,453		$	47,567		$	48,012
Provision for loan losses	1,600			2,000			7,500
Loan balances charged-off	(4,694		)	(7,371		)	(10,669		)
Recoveries applicable to loan balances previously charged-off	3,128			5,257			2,724


Balance, end of year	$	47,487		$	47,453		$	47,567

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.

	Year Ended December 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	4,837			(753		)	(1,233		)	1,375			151			4,377
Charged-off	(1,333		)	(1,452		)	—			(1,180		)	(364		)	(4,329		)
Recoveries	263			1,269			239			504			185			2,460

Ending Balance	$	12,636		$	15,498		$	1,596		$	11,444		$	276		$	41,450


Florida
Beginning balance	$	1,172		$	4,205		$	205		$	2,917		$	12		$	8,511
Provision for loan loss	(821		)	(1,311		)	(83		)	(518		)	(44		)	(2,777		)
Charged-off	—			(10		)	—			(354		)	(1		)	(365		)
Recoveries	128			222			45			225			48			668

Ending Balance	$	479		$	3,106		$	167		$	2,270		$	15		$	6,037

	Year Ended December 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	1,048			(880		)	90			5,942			332			6,532
Charged-off	(864		)	(1,173		)	(657		)	(2,396		)	(429		)	(5,519		)
Recoveries	233			2,108			617			337			185			3,480

Ending Balance	$	8,869		$	16,434		$	2,590		$	10,745		$	304		$	38,942


Florida
Beginning balance	$	1,926		$	5,733		$	1,168		$	4,287		$	4		$	13,118
Provision for loan loss	195			(1,799		)	(1,889		)	(1,021		)	(18		)	(4,532		)
Charged-off	(1,126		)	—			(69		)	(656		)	(1		)	(1,852		)
Recoveries	177			271			995			307			27			1,777

Ending Balance	$	1,172		$	4,205		$	205		$	2,917		$	12		$	8,511

	Year Ended December 31, 2013
	Commercial			Commercial Real Estate			Real Estate Construction			Retail Real Estate			Retail Other			Total
	(dollars in thousands)
Illinois/Indiana
Beginning balance	$	6,597		$	15,023		$	2,527		$	8,110		$	322		$	32,579
Provision for loan loss	2,681			2,143			847			616			63			6,350
Charged-off	(964		)	(1,361		)	(1,212		)	(2,187		)	(511		)	(6,235		)
Recoveries	138			574			378			323			342			1,755

Ending Balance	$	8,452		$	16,379		$	2,540		$	6,862		$	216		$	34,449


Florida
Beginning balance	$	1,437		$	6,062		$	2,315		$	5,614		$	5		$	15,433
Provision for loan loss	414			2,225			(1,419		)	(51		)	(19		)	1,150
Charged-off	—			(2,543		)	(56		)	(1,828		)	(7		)	(4,434		)
Recoveries	75			(11		)	328			552			25			969

Ending Balance	$	1,926		$	5,733		$	1,168		$	4,287		$	4		$	13,118

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

	As of December 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	$	3,304	$	419	$	29	$	152	$	—	$	3,904
Loans collectively evaluated for impairment	9,332		15,079		1,567		11,292		276		37,546

Ending Balance	$	12,636	$	15,498	$	1,596	$	11,444	$	276	$	41,450


Loans:
Loans individually evaluated for impairment	$	11,299	$	1,548	$	29	$	3,580	$	233	$	16,689
Loans collectively evaluated for impairment	629,136		1,039,620		81,175		539,523		13,892		2,303,346
PCI loans evaluated for impairment	—		376		332		—		—		708

Ending Balance	$	640,435	$	1,041,544	$	81,536	$	543,103	$	14,125	$	2,320,743

Florida
Amount allocated to:
Loans individually evaluated for impairment	$	—	$	40	$	—	$	—	$	5	$	45
Loans collectively evaluated for impairment	479		3,066		167		2,270		10		5,992

Ending Balance	$	479	$	3,106	$	167	$	2,270	$	15	$	6,037


Loans:
Loans individually evaluated for impairment	$	301	$	3,457	$	498	$	7,980	$	5	$	12,241
Loans collectively evaluated for impairment	15,840		163,428		14,534		100,108		845		294,755

Ending Balance	$	16,141	$	166,885	$	15,032	$	108,088	$	850	$	306,996

	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

OREO

12 Months Ended

Dec. 31, 2015

OREO.

OREO

Note 6: OREO

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 December 31, 2015, the Company held $0.5 million in commercial OREO, $0.3 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. At December 31, 2015 the Company had $0.9 million of residential real estate in the process of foreclosure. The following table summarizes activity related to OREO:

	Year Ended December 31, 2015			Year Ended December 31, 2014
	(dollars in thousands)
OREO:
Beginning balance	$	216		$	2,133
Additions, transfers from loans	1,251			660
Additions, fair value from Herget Financial acquisition	284			—
Proceeds from sales of OREO	(1,090		)	(2,739		)
Gain on sales of OREO	122			162

Ending balance	$	783		$	216

- 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

Loan Servicing

12 Months Ended

Dec. 31, 2015

Loan Servicing

Loan Servicing

Note 7. Loan Servicing

The unpaid principal balances of loans serviced by the Company for the benefit of others are not included in the accompanying Consolidated Balance Sheets. These unpaid principal balances were $1.46 billion and $1.39 billion as of December 31, 2015 and 2014, respectively. Servicing loans for others generally consists of collecting mortgage payments, maintaining escrow accounts, disbursing payments to investors and collection and foreclosure processing. Loan servicing income is recorded on the accrual basis and includes servicing fees from investors and certain charges collected from borrowers, such as late payment fees, and is net of amortization of capitalized mortgage servicing rights.

The balance of capitalized servicing rights included in other assets at December 31, 2015 and 2014, was $3.5 million and $3.9 million, respectively. The fair values of these servicing rights were $5.9 million and $5.2 million, respectively, at December 31, 2015 and 2014. The following summarizes mortgage servicing rights capitalized and amortized:

	For the Years Ended December 31,
	2015		2014		2013
	(dollars in thousands)

Mortgage servicing rights capitalized	$	1,361	$	983	$	2,490

Mortgage servicing rights amortized	$	2,146	$	2,228	$	2,650

Premises and Equipment

12 Months Ended

Dec. 31, 2015

Premises and Equipment

Premises and Equipment

Note 8. Premises and Equipment

Premises and equipment are summarized as follows:

	December 31,
	2015		2014
	(dollars in thousands)

Land and improvements	$	21,950	$	21,559
Buildings and improvements	64,270		62,794
Furniture and equipment	34,039		32,018

	120,259		116,371
Less accumulated depreciation	57,171		52,397

Total premises and equipment	$	63,088	$	63,974

Depreciation expense was $5.7 million, $5.6 million, and $5.5 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Note 9: Goodwill and Other Intangible Assets

Other than goodwill, the Company does not have any other intangible assets that are not amortized. Accounting standards allow for goodwill to be tested for impairment by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If the reporting unit does not pass the qualitative assessment, then the reporting unit’s carrying value is compared to its fair value.

The Company’s goodwill is associated with its three operating segments, Banking, Remittance Processing and Wealth Management. Based on the impairment testing performed at December 31, 2015, there were no indicators of potential impairment based on the estimated fair value of those operating segments. All three operating segments have sustained quarterly and annual profits. However, it is possible we will evaluate our goodwill for impairment on a more frequent basis than annually. The evaluation may result in impairment.

There were no changes in the carrying amount of goodwill by operating segment during 2014. During 2015, we recorded goodwill totaling $4.8 million and other intangible assets totaling $3.9 million in connection with the acquisition of Herget Financial. The carrying amount of goodwill by operating segment, in thousands, at December 31, 2015 and 2014 is as follows:

	Balance at		Balance at
Goodwill:	December 31, 2015		December 31, 2014

Banking	$	4,824	$	—
Remittance Processing	8,992		8,992
Wealth Management	11,694		11,694

Total goodwill	$	25,510	$	20,686

Core deposit and customer relationship intangible assets are amortized on an accelerated or straight-line basis over the estimated period benefited up to 10 years. Other intangible asset disclosures are as follows:

Amortized intangible assets:	Balance at December 31, 2015		2015 Amortization		Balance at December 31, 2014		2014 Amortization
	(dollars in thousands)
Core deposit intangible assets	$	5,231	$	2,060	$	4,254	$	1,870
Customer relationship intangible assets	2,201		1,132		2,433		1,014

	$	7,432	$	3,192	$	6,687	$	2,884

As of December 31, 2015:	Core deposit intangible		Customer relationship intangible
	(dollars in thousands)
Gross carrying amount	$	22,999	$	12,220
Accumulated amortization	17,768		10,019

	$	5,231	$	2,201

Estimated amortization expense on balance at December 31, 2015:
2016	$	1,986	$	1,077
2017	1,226		663
2018	326		115
2019	316		99
2020	304		82
Thereafter	1,073		165

	$	5,231	$	2,201

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Deposits

12 Months Ended

Dec. 31, 2015

Deposits

Deposits

Note 10. Deposits

The composition of deposits is as follows:

	December 31,
	2015		2014
	(dollars in thousands)
Demand deposits, noninterest-bearing	$	881,685	$	666,607
Interest-bearing transaction deposits	72,685		67,774
Savings deposits	242,708		210,673
Money market deposits	1,633,977		1,459,723
Time deposits	458,051		496,071

Total	$	3,289,106	$	2,900,848

Interest-bearing transaction deposits included $7.8 million of reciprocal brokered transaction deposits at December 31, 2015. The Company did not have any brokered transaction deposits at December 31, 2014.

The aggregate amount of time deposits with a minimum denomination of $100,000 was approximately $128.1 million and $138.4 million at December 31, 2015 and 2014, respectively. The aggregate amount of time deposits with a minimum denomination that meets or exceeds the FDIC insurance limit of $250,000 was approximately $23.2 million and $24.4 million at December 31, 2015 and 2014, respectively. National deposits of $0.4 million and $0.5 million were included in the balance of time deposits as of December 31, 2015 and 2014, respectively. The Company had reciprocal brokered time deposits of $0.4 million at December 31, 2015 included in the balance of time deposits. The Company did not have any brokered time deposits at December 31, 2014.

As of December 31, 2015, the scheduled maturities of time deposits, in thousands, are as follows:

2016	$	285,381
2017	98,672
2018	42,113
2019	17,958
2020	13,425
Thereafter	502

	$	458,051

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

12 Months Ended

Dec. 31, 2015

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

Note 11. Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

Federal funds purchased are short-term borrowings that generally mature between one and ninety days. The Company had no federal funds purchased at December 31, 2015 and 2014; however, during 2014 the Company purchased federal funds to test operational availability to access funds if needed.

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:

	December 31,
	2015			2014
	(dollars in thousands)
Balance	$	172,972		$	198,893
Weighted average interest rate at end of period	0.18		%	0.14		%
Maximum outstanding at any month end	$	202,376		$	198,893
Average daily balance	$	179,662		$	148,452
Weighted average interest rate during period(1)	0.10		%	0.12		%

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

Short-term Borrowings	12 Months Ended
Short-term Borrowings	Dec. 31, 2015
Short-term Borrowings
Short-term Borrowings	Note 12. Short-term Borrowings Short-term borrowings consist of advances which mature in less than one year from date of origination. FHLB advances are collateralized by FHLB deposits, residential and commercial real estate loans and FHLB stock. The Company had no short-term FHLB advances outstanding at December 31, 2015 and 2014; however, during 2014 the Company tested operational availability to access funds if needed. On November 20, 2015, the Company entered into a credit agreement to make available a revolving loan facility to the Company in the maximum principal amount of $20.0 million. The loan has an annual interest rate of 2.50% plus the one-month LIBOR rate and has a maturity date of November 19, 2016. The loan also bears a non-usage fee calculated based on the average daily principal balance of the loan outstanding during the prior fiscal quarter. The Company had no outstanding amounts on its loan at December 31, 2015; however, during the fourth quarter of 2015 the Company tested operational availability to access funds if needed.

Long-term Debt

12 Months Ended

Dec. 31, 2015

Long-term Debt

Long-term Debt

Note 13. Long-term Debt

Long-term debt is summarized as follows:

	December 31,
	2015		2014
	(dollars in thousands)
Notes payable, FHLB, ranging in maturity from nineteen months to ten years, collateralized by FHLB deposits, residential and commercial real estate loans and FHLB stock.	$	80,000	$	50,000

As of December 31, 2015, funds borrowed from the FHLB, listed above, consisted of variable-rate notes maturing through September 2024, with interest rates ranging from 0.10% to 0.28%. The weighted average rate on these long-term advances was 0.15% as of December 31, 2015.

As of December 31, 2014, funds borrowed from the FHLB, listed above, consisted of variable-rate notes maturing through September 2024, with interest rates ranging from 0.07% to 0.13%. The weighted average rate on these long-term advances was 0.09% as of December 31, 2014.

Junior Subordinated Debt Owed to Unconsolidated Trusts

12 Months Ended

Dec. 31, 2015

Junior Subordinated Debt Owed to Unconsolidated Trusts

Junior Subordinated Debt Owed to Unconsolidated Trusts

Note 14. Junior Subordinated Debt Owed to Unconsolidated Trusts

First Busey Corporation has established statutory trusts for the sole purpose of issuing trust preferred securities and related trust common securities. The proceeds from such issuances were used by the trusts to purchase junior subordinated notes of the Company, which are the sole assets of each trust. Concurrent with the issuance of the trust preferred securities, the Company issued guarantees for the benefit of the holders of the trust preferred securities. The trust preferred securities are issues that qualify, and are treated by the Company, as Tier 1 regulatory capital. The Company owns all of the common securities of each trust. The trust preferred securities issued by each trust rank equally with the common securities in right of payment, except that if an event of default under the indenture governing the notes has occurred and is continuing, the preferred securities will rank senior to the common securities in right of payment.

The table below summarizes the outstanding junior subordinated notes and the related trust preferred securities issued by each trust as of December 31, 2015:

	First Busey Statutory Trust II	First Busey Statutory Trust III	First Busey Statutory Trust IV

Junior Subordinated Notes:
Principal balance	$15,000,000	$10,000,000	$30,000,000
Annual interest rate	3-mo LIBOR + 2.65%	3-mo LIBOR + 1.75%	3-mo LIBOR + 1.55%
Stated maturity date	June 17, 2034	June 15, 2035	June 15, 2036

Trust Preferred Securities:
Face value	$15,000,000	$10,000,000	$30,000,000
Annual distribution rate	3-mo LIBOR + 2.65%	3-mo LIBOR + 1.75%	3-mo LIBOR + 1.55%
Issuance date	April 30, 2004	June 15, 2005	June 15, 2006
Distribution dates(1)	Quarterly	Quarterly	Quarterly

(1)All cash distributions are cumulative.

The trust preferred securities are subject to mandatory redemption, in whole or in part, upon repayment of the junior subordinated notes at par value at the stated maturity date or upon redemption. Each trust’s ability to pay amounts due on the trust preferred securities is solely dependent upon the Company making payment on the related junior subordinated notes. The Company’s obligations under the junior subordinated notes and other relevant trust agreements, in aggregate, constitute a full and unconditional guarantee by the Company of each trust’s obligations under the trust preferred securities issued by each trust. The Company has the right to defer payment of interest on the notes, in which case the distributions on the trust preferred securities will also be deferred, for up to five years, but not beyond the stated maturity date in the table above. The Company does not expect to exercise this right.

In March 2005, the Federal Reserve issued a final rule allowing bank holding companies to continue to include qualifying trust preferred securities in their Tier 1 Capital for regulatory capital purposes, subject to a 25% limitation to all core (Tier 1) capital elements, net of goodwill and other intangible assets less any associated deferred tax liability. As of December 31, 2015, 100% of the trust preferred securities noted in the table above qualified as Tier 1 capital under the final rule adopted in March 2005.

The Dodd-Frank Act 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 will be restricted to capital instruments that are currently considered to be Tier 1 capital for insured depository institutions. As a result, the proceeds of trust preferred securities will be excluded from Tier 1 capital unless such securities were issued prior to May 19, 2010 by bank holding companies with less than $15 billion of assets. As the Company has assets of less than $15 billion, it will be 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 in the future through the issuance of trust preferred securities.

Capital

12 Months Ended

Dec. 31, 2015

Capital

Capital

Note 15. Capital

Redemption of Preferred Stock Under the Small Business Lending Fund

On August 25, 2011, the Company entered into the Purchase Agreement with the Treasury, pursuant to which the Company issued and sold to the Treasury 72,664 shares of its Series C Preferred Stock, having a liquidation preference of $1,000 per share, for aggregate proceeds of $72,664,000 (which were used to partially finance the Company’s redemption of Series T Preferred Stock as described below). On December 18, 2015, the Company redeemed all of the 72,664 shares of its Series C Preferred Stock that had been issued to the Treasury pursuant to the SBLF program. The shares were redeemed at their liquidation value of $1,000 per share plus accrued and unpaid dividends to, but excluding December 18, 2015. The redemption was approved by the Company’s primary federal regulator and terminates the Company’s participation in the SBLF program. Before redemption, the Series C Preferred Stock qualified as Tier 1 capital for the Company. Non-cumulative dividends were payable quarterly on the Series C Preferred Stock, which began October 1, 2011.

CPP Warrant

In connection with the Company’s participation in the CPP, the Company also issued to Treasury a warrant to purchase 382,555 shares of the Company’s common stock. Subsequent to the date of the Company’s participation in the CPP, it raised additional capital through a public offering of common stock and, as a result of that offering, the number of shares of common stock subject to the warrant were reduced by 50% to 191,278. On November 23, 2011 the Treasury completed an auction to sell its warrant in a private transaction. At December 31, 2015, this warrant to purchase 191,278 shares of the Company’s common stock, at an exercise price of $39.21, remained outstanding.

Regulatory 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. Under applicable regulatory requirements, an Illinois state-chartered bank such as Busey Bank may not pay dividends in excess of its net profits. Because Busey Bank has been in a retained earnings deficit position since 2009, it has not been able to pay dividends since that time.

With prior approval from its regulators, however, an Illinois state-chartered bank in this situation may be able to reduce its capital stock, by amending its charter to decrease the authorized number of shares, and then make a subsequent distribution to its holding company. Using this approach, and with the approval of its regulators, Busey Bank distributed $50.0 million to the Company on January 22, 2013, distributed $60.0 million to the Company on October 22, 2014 and distributed $60.0 million to the Company on December 8, 2015. The Company will continue to evaluate the appropriateness of future capital distributions.

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 December 31, 2015 and 2014, 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 December 31, 2015:	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(dollars in thousands)
Total Capital (to Risk Weighted Assets)
Consolidated	$	431,689	14.55	%	$	237,404	8.00	%	$	296,754	10.00	%
Busey Bank	$	396,428	13.45	%	$	235,741	8.00	%	$	294,676	10.00	%

Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	394,240	13.29	%	$	178,053	6.00	%	$	237,404	8.00	%
Busey Bank	$	359,228	12.19	%	$	176,806	6.00	%	$	235,741	8.00	%

Common Equity Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	341,828	11.52	%	$	133,540	4.50	%	$	192,890	6.50	%
Busey Bank	$	359,228	12.19	%	$	132,604	4.50	%	$	191,540	6.50	%

Tier 1 Capital (to Average Assets)
Consolidated	$	394,240	10.13	%	$	155,653	4.00	%	N/A		N/A
Busey Bank	$	359,228	9.32	%	$	154,145	4.00	%	$	192,681	5.00	%

					Minimum				Minimum To Be
	Actual				Capital Requirement				Well Capitalized
As of December 31, 2014:	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(dollars in thousands)
Total Capital (to Risk Weighted Assets)
Consolidated	$	488,908	18.66	%	$	209,554	8.00	%	$	261,942	10.00	%
Busey Bank	$	388,479	14.94	%	$	207,991	8.00	%	$	259,988	10.00	%

Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	455,354	17.38	%	$	104,777	4.00	%	$	157,166	6.00	%
Busey Bank	$	355,166	13.66	%	$	103,996	4.00	%	$	155,993	6.00	%

Tier 1 Capital (to Average Assets)
Consolidated	$	455,354	12.79	%	$	142,401	4.00	%	N/A		N/A
Busey Bank	$	355,166	10.10	%	$	140,677	4.00	%	$	175,846	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 non-public 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 being 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 December 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958577-112826

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958572-112826

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1E
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958574-112826

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1H
-URI http://asc.fasb.org/extlink&oid=35709795&loc=d3e65071-112826

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958569-112826

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958570-112826

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1F
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958575-112826

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958568-112826

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1D
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958573-112826

+ Details

Income Taxes

12 Months Ended

Dec. 31, 2015

Income Taxes

Income Taxes

Note 16. Income Taxes

The components of income taxes, in thousands, consist of:

	Years Ended December 31,
	2015		2014		2013
Current	$	17,839	$	4,830	$	4,020
Deferred	2,857		12,704		10,091


Total income tax expense	$	20,696	$	17,534	$	14,111

A reconciliation of federal and state income taxes at statutory rates to the income taxes included in the statements of income is as follows:

	Years Ended December 31,
	2015		2014		2013
	% of		% of		% of
	Pretax		Pretax		Pretax
	Income		Income		Loss
Income tax at statutory rate	35.0	%	35.0	%	35.0	%
Effect of:
Tax-exempt interest, net	(2.3	)%	(2.6	)%	(3.5	)%
State income taxes, net	4.2	%	5.7	%	4.5	%
Income on bank owned life insurance	(1.2	)%	(1.0	)%	(0.9	)%
Other, net	(1.0	)%	(2.2	)%	(2.2	)%

	34.7	%	34.9	%	32.9	%

Net deferred taxes, in thousands, at December 31, 2015 and 2014 in the accompanying Consolidated Balance Sheets, include the following amounts of deferred tax assets and liabilities:

	2015			2014
Deferred tax assets:
Allowance for loan losses	$	18,939		$	18,904
Stock-based compensation	1,461			1,472
Deferred compensation	2,189			2,057
Affordable housing partnerships and other investments	2,454			—
Purchase accounting adjustments	1,308			—
Accrued vacation	579			527
Employee costs	703			656
Other	699			2,592

	$	28,332		$	26,208

Deferred tax liabilities:
Investment securities:
Unrealized gains on securities available for sale	$	(1,563	)	$	(3,884	)
Other, net	(641		)	(548		)
Basis in premises and equipment	(1,887		)	(2,012		)
Affordable housing partnerships and other investments	(1,560		)	(1,449		)
Purchase accounting adjustments	(645		)	—
Mortgage servicing assets	(1,386		)	(1,549		)
Basis in core deposit and customer intangible assets	(2,967		)	(2,669		)
Deferred loan origination costs	(359		)	(257		)

	$	(11,008	)	$	(12,368	)

Net operating loss carryforward, net of valuation allowance	4,314			8,333

Net deferred tax assets	$	21,638		$	22,173

At December 31, 2015, the Company had an Illinois net operating loss carryforward of $4.3 million, or approximately $59.0 million pre-tax. At December 31, 2014, the Company had an Illinois net operating loss carryforward of $8.3 million, or approximately $114.0 million pre-tax. This net operating loss carryforward will expire in 2022.

At December 31, 2015, the Company also had a Florida net operating loss carryforward of $0.6 million, which will begin to expire in 2030. Due to the uncertainty as to whether the Company will be able to fully realize the Florida carryforward, the Company has a full valuation allowance of $0.6 million related to this net operating loss carryforward. At December 31, 2014, the Company had Indiana and Florida net operating loss carryforwards of $1.0 million with a full valuation allowance.

Management believes that it is more likely than not that the other deferred tax assets included in the accompanying Consolidated Balance Sheets will be fully realized. The Company has determined that no valuation allowance is required for any other deferred tax assets as of December 31, 2015 and 2014, although there is no guarantee that those assets will be recognizable in future periods.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2015

Employee Benefit Plans

Employee Benefit Plans

Note 17. Employee Benefit Plans

Employees’ Stock Ownership Plan

Prior to 2014, the First Busey Corporation Employees’ Stock Ownership Plan (“ESOP”) was available to all full-time employees who met certain age and length of service requirements. Effective in 2014, the ESOP was frozen, all shares were fully vested and there will be no new contributions under the ESOP. Dividends on allocated shares of common stock are distributed directly to the participants. All shares held by the ESOP, which were acquired prior to the issuance of FASB ASC Topic 718-40, “Employee Stock Ownership Plans” (ASC 718-40), are included in the computation of average common shares and common share equivalents. This accounting treatment is grandfathered under ASC 718-40 for shares purchased prior to December 31, 1992.

All shares held in the ESOP which were acquired prior to December 31, 1992 were allocated as of December 31, 2006. The number of shares and associated fair values were 144,641 worth $3.0 million and 159,918 worth $3.1 million at December 31, 2015 and 2014, respectively.

Shares held in the ESOP which were acquired after December 31, 1992 and associated fair values were 50,989 worth $1.1 million and 57,329 worth $1.1 million at December 31, 2015 and 2014, respectively.

Profit Sharing Plan

All full-time employees who meet certain age and service requirements are eligible to participate in the Company’s profit-sharing plan. The contributions, if any, are determined solely by the boards of directors of the Company and its subsidiaries, and in no case may the annual contributions be greater than the amounts deductible for federal income tax purposes for that year.

The rights of the participants vest ratably over a five-year period, except for the 401(k) match portion, which vests immediately. Expenses related to the employee benefit plans are included in the statements of income as follows:

	Years Ended December 31,
	2015		2014		2013
	(dollars in thousands)

Total employee benefits	$	2,584	$	2,636	$	2,975

The Company sponsors deferred compensation plans for executive officers for deferral of compensation. While current participants in the deferred compensation plan are permitted to continue participating in the plan, it is not currently open to new participants. The deferred compensation expense reported was $0.3 million for the years ended December 31, 2015 and 2014 and $0.2 million for the year ended December 31, 2013. The deferred compensation liability was $5.5 million at December 31, 2015, $5.1 million at December 31, 2014, and $4.8 million at December 31, 2013.

Stock Incentive Plans

12 Months Ended

Dec. 31, 2015

Stock Incentive Plans

Stock Incentive Plans

Note 18. Stock Incentive Plans

Overview

During the second quarter of 2010, the Company adopted the 2010 Equity Plan, which was approved at the annual stockholders meeting on May 19, 2010. During the second quarter of 2015, the Company adopted an amendment to revise some technical terms to the 2010 Equity Plan, which was approved at the annual stockholders meeting on May 20, 2015. The Company will no longer make any additional grants under prior plans. The prior plans include: the First Busey Corporation 1993 Restricted Stock Award Plan, the First Busey Corporation 1999 Stock Option Plan, the Main Street Trust, Inc. 2000 Stock Incentive Plan, and the First Busey Corporation 2004 Stock Option Plan.

Subject to permitted adjustments for certain corporate transactions, the maximum number of shares that may be delivered to participants, or their beneficiaries, under the 2010 Equity Plan is 1,333,333 shares of First Busey common stock. To the extent that any shares of stock covered by an award (including non-vested stock awards) under the 2010 Equity Plan, or the prior plans, are not delivered for any reason, including because the award is forfeited, canceled, settled in cash or shares are withheld to satisfy tax withholding requirements, such shares will not be deemed to have been delivered for purposes of determining the maximum number of shares of stock available for delivery and will again become available for usage under the 2010 Equity Plan. If any option granted under the 2010 Equity Plan is exercised by tendering shares of stock, only the number of shares of stock issued net of the shares of stock tendered shall be counted for purposes of these limitations.

The 2010 Equity Plan’s effective date was May 19, 2010. The 2010 Equity Plan will continue in effect until terminated by the board of directors; provided that no awards may be granted under the 2010 Equity Plan after the ten-year anniversary of the effective date. Any awards that are outstanding after the tenth anniversary of the effective date will remain subject to the terms of the 2010 Equity Plan.

The following additional limits apply to awards under the 2010 Equity Plan:

the maximum number of shares of stock that may be covered by options that are intended to be “performance-based compensation” which are granted to any one participant during any calendar year is 133,333 shares;

the maximum number of shares of stock that may be covered by stock awards that are intended to be “performance-based compensation” which are granted to any one participant during any calendar year is 66,667 shares; and

the maximum dollar amount of cash incentive awards or cash-settled stock awards intended to be “performance-based compensation” payable to any one participant with respect to any calendar year is $1,000,000.

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 date of the next Annual Meeting of Stockholders, 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 December 31, 2015, the Company held 732,887 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 up to an aggregate of 666,667 shares of its common stock. The repurchase plan has no expiration date and replaced the prior repurchase plan that was originally approved in 2008. During the third quarter of 2015, the Company purchased 333,333 shares under this repurchase plan. Repurchases were executed in contemplation of maintaining levels of treasury stock appropriate to satisfy compensation awards, in addition to favorable pricing opportunities that were broadly manifest in the market for bank stocks during the third quarter of 2015. At December 31, 2015 the Company had 333,334 shares that may yet be purchased under the plan.

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.

Stock Option Plan

A summary of the status of the Company’s stock option awards for the years ended December 31, 2015, 2014, and 2013, and the changes during the years ended on those dates is as follows:

	2015				2014				2013
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Exercise				Exercise				Exercise
	Shares		Price		Shares		Price		Shares		Price

Outstanding at beginning of year	170,026		$	48.99	232,109		$	51.66	285,805		$	51.03
Granted	—		—		—		—		—		—
Exercised	—		—		—		—		—		—
Forfeited	(517	)	58.23		(8,267	)	57.75		(1,550	)	58.23
Expired	(72,941	)	55.99		(53,816	)	59.22		(52,146	)	48.00

Outstanding at end of year	96,568		$	43.64	170,026		$	48.99	232,109		$	51.66


Exercisable at end of year	96,568		$	43.64	170,026		$	48.99	232,109		$	51.66

The following table summarizes information about stock options outstanding at December 31, 2015:

		Options Outstanding						Options Exercisable
					Weighted-
			Weighted-		Average
Range of			Average		Remaining
Exercise			Exercise		Contractual	Intrinsic			Intrinsic
Prices		Number	Price		Life	Value		Number	Value

$	13.47-22.59	35,000	$	18.03	4.00			35,000
58.05-58.23		61,568	58.20		0.39			61,568

		96,568	$	43.64	1.70	$	125	96,568	$	125

The Company did not record any stock option compensation expense during 2015, 2014 or 2013. As of December 31, 2015, the Company has no unrecognized stock option expense.

Restricted Stock Unit Plan

A summary of the changes in the Company’s RSUs for the years ended December 31, 2015, 2014 and 2013 is as follows:

	2015				2014				2013
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Grant Date				Grant Date				Grant Date
	Shares		Fair Value		Shares		Fair Value		Shares		Fair Value

Outstanding at beginning of year	394,624		$	15.67	306,643		$	14.91	245,471		$	14.76
Reclass to DSUs	—		—		(1,653	)	15.12		—		—
Granted	108,945		20.07		101,426		17.52		117,151		15.06
Dividend equivalents earned	13,089		19.31		11,722		16.86		5,737		14.58
Vested	(73,777	)	14.48		(8,811	)	14.46		(52,265	)	14.52
Forfeited	(17,951	)	16.21		(14,703	)	14.19		(9,451	)	15.42

Outstanding at end of year	424,930		$	17.10	394,624		$	15.67	306,643		$	14.91

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 issued 59,983 and 6,206 treasury shares in conjunction with the vesting of RSUs in 2015 and 2014, respectively. The difference between the number of shares issued and the number of vested units is due to shares issued under a net share settlement option.

On June 25, 2015, under the terms of the 2010 Equity Incentive Plan, the Company granted 108,945 RSUs to members of management. As the stock price on the grant date of June 25, 2015 was $20.07, total compensation cost to be recognized associated with this grant is $2.2 million. This cost will be recognized over a period of five years. Subsequent to the requisite service period, the awards will vest 100%.

A description of RSUs granted in 2014 and 2013 under the terms of the 2010 Equity Incentive Plan can be found in the Company’s Annual Reports on Form 10-K for the years ended December 31, 2014 and 2013.

Deferred Stock Unit Plan

A summary of the changes in the Company’s DSUs for the years ended December 31, 2015, 2014 and 2013 is as follows:

	2015				2014				2013
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Grant Date				Grant Date				Grant Date
	Shares		Fair Value		Shares		Fair Value		Shares		Fair Value

Non-vested at beginning of year	18,581		$	17.31	9,685		$	15.15	10,997		$	14.31
Reclass from RSUs	—		—		1,653		15.12		—		—
Granted	17,899		20.07		16,566		17.52		9,600		15.12
Dividend equivalents earned	1,872		19.40		1,347		16.89		545		15.09
Vested	(13,589	)	17.69		(10,670	)	15.30		(11,457	)	14.31
Forfeited	—		—		—		—		—		—

Non-vested at end of year	24,763		$	19.25	18,581		$	17.31	9,685		$	15.15

Outstanding at end of year	68,456		$	17.16	48,686		$	16.02	29,119		$	15.18

On June 25, 2015, under the terms of the 2010 Equity Incentive Plan, the Company granted 12,667 DSUs to directors. As the stock price on the grant date of June 25, 2015 was $20.07, total compensation cost to be recognized is $0.3 million. This cost will be recognized over the requisite service period of one year from the date of grant or the next Annual Meeting of Stockholders; whichever is earlier. The Company also granted 5,232 DSUs to the Chairman of the Board. As the stock price on the grant date of June 25, 2015 was $20.07, total compensation cost to be recognized is $0.1 million. This cost will be recognized over a period of five years. Subsequent to the requisite service period, the awards will vest 100%.

A description of DSUs granted in 2014 and 2013 under the terms of the 2010 Equity Incentive Plan can be found in the Company’s Annual Reports on Form 10-K for the years ended December 31, 2014 and 2013.

The Company recognized $1.4 million, $1.2 million and $1.1 million of compensation expense related to both non-vested RSUs and DSUs for the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, there was $4.4 million of total unrecognized compensation cost related to these non-vested stock awards. This cost is expected to be recognized over a period of 3.5 years.

Transactions with Related Parties

12 Months Ended

Dec. 31, 2015

Transactions with Related Parties

Transactions with Related Parties

Note 19. Transactions with Related Parties

The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with related parties which include directors, executive officers, chief credit officers, their immediate families and affiliated companies in which they have 10% or more beneficial ownership, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others.

The following is an analysis of the changes in loans, in thousands, to related parties during the year ended December 31, 2015:

Balance at beginning of year	$	57,567
New loans/advances	19,684
Repayments	(19,931		)
Other	(195		)

Balance at end of year	$	57,125

Total unused commitments to directors and executive officers were $25.6 million at December 31, 2015.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Commitments, Contingencies and Credit Risk

12 Months Ended

Dec. 31, 2015

Commitments, Contingencies and Credit Risk

Commitments, Contingencies and Credit Risk

Note 20. Commitments, Contingencies and Credit Risk

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:

	December 31,
	2015		2014
	(dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	618,551	$	561,439
Standby letters of credit	15,325		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 December 31, 2015 and 2014, no amounts were recorded as liabilities for the Company’s potential obligations under these guarantees.

Lease Commitments

At December 31, 2015, the Company was obligated under noncancelable operating leases for office space and other commitments. Rent expense under operating leases, included in net occupancy and equipment expense, was $1.5 million, $1.5 million, and $1.6 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Rent commitments, in thousands, before considering renewal options that generally are present, were as follows at December 31, 2015:

2016	$	895
2017	726
2018	348
2019	231
2020	170

	$	2,370

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2015

Derivative Financial Instruments

Derivative Financial Instruments

Note 21. Derivative Financial Instruments

The Company has loan agreements that settle in non-U.S. dollar denominations. The foreign loan balance, gross, translated into U.S. dollars was $1.8 million as of December 31, 2015 and 2014.

Foreign Currency Derivatives. The Company enters into foreign currency forward contracts that are not designated as hedging instruments to mitigate the economic effect of fluctuations in foreign currency exchange rates on certain non-U.S. dollar denominated loans. Because the foreign currency forward contracts do not meet hedge accounting requirements, gains and losses due to changes in their fair values are recognized in other income.

The notional amount and fair values of open foreign currency forward contracts were as follows:

	December 31, 2015		December 31, 2014
	(dollars in thousands)
Forward contracts — foreign exchange:
Notional amount	$	3,466	$	1,781
Other assets — estimated fair value	4		15
Other liabilities — estimated fair value	2		—

The amount of gains and losses relating to foreign currency forward contracts included in other income for the year ended December 31, 2015 and 2014 was insignificant.

Foreign currency forward contracts involve the risk of dealing with counterparties and their ability to meet contractual terms. We believe the risk of incurring losses due to nonperformance by our counterparties is manageable.

As of December 31, 2015, the Company had no other interest rate futures, forwards, swaps or option contracts, or other financial instruments with similar characteristics with the exception of rate lock commitments on mortgage loans to be held for sale, which netted to an insignificant amount.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2015

Fair Value Measurements

Fair Value Measurements

Note 22. 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.

Cash and due from banks were transferred to level 1 during the second quarter of 2015 as the carrying amount approximates fair value. There were no additional transfers between levels during the quarter ended December 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 applies available information as appropriate 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 conventions. 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 December 31, 2015 and 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)
December 31, 2015
Securities available for sale
U.S. Treasury securities	$	—	$	65,191	$	—	$	65,191
Obligations of U.S. government corporations and agencies	—		132,605		—		132,605
Obligations of states and political subdivisions	—		178,612		—		178,612
Residential mortgage-backed securities	—		307,549		—		307,549
Corporate debt securities	—		148,805		—		148,805
Mutual funds and other equity securities	2,076		—		—		2,076
Derivative assets
Foreign currency forward contracts	—		4		—		4
Derivative liabilities
Foreign currency forward contracts	—		2		—		2
December 31, 2014
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 December 31, 2015 and 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)
December 31, 2015
Impaired loans	$	—	$	—	$	6,138	$	6,138
OREO(1)	—		—		—		—
December 31, 2014
Impaired loans	$	—	$	—	$	2,129	$	2,129
OREO(1)	—		—		—		—

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)
December 31, 2015
Impaired loans	$		6,138	Appraisal of collateral	Appraisal adjustments	-4.3% to -100.0% (-30.9)%
OREO(1)	—			Appraisal of collateral	Appraisal adjustments	-100.0% (-100.0)%
December 31, 2014

Impaired loans	$	2,129		Appraisal of collateral	Appraisal adjustments	-7.7% to -100.0% (-54.3)%
OREO(1)	—			Appraisal of collateral	Appraisal adjustments	-100.0% (-100.0)%

(1)OREO fair value was less than one thousand dollars.

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. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or non-recurring basis are discussed above. The carrying value for cash and due from banks approximates fair value and due to the short-term maturity is classified as level 1. The carrying value approximates fair value for accrued interest and is classified as level 2. The methodologies for other financial assets and financial liabilities are discussed below:

Securities held to maturity

Fair value measurements for securities held to maturity are from an independent pricing service. The independent pricing service evaluations are based on market data. Securities held to maturity are classified as level 2.

Loans held for sale

Fair value of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices.

Fair values for on-balance-sheet commitments to originate loans held for sale are based on fees currently charged to enter into similar agreements, and for fixed-rate commitments also consider the difference between current levels of interest rates and the committed rates. The fair value of interest rate lock commitments are considered immaterial. Loans held for sale are classified as level 2.

Loans

Our performing loan portfolio consists of variable rate and fixed rate loans. For variable rate loans that reprice frequently with no significant change in credit risk, fair values are based on carrying amount. For certain homogeneous categories of loans, such as some residential mortgages, fair value is estimated using the quoted market prices for similar loans or securities backed by similar loans, adjusted for differences in loan characteristics. The fair value of other types of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities and are classified as level 3. Fair value of impaired loans is discussed above.

Deposits and securities sold under agreements to repurchase

The fair value of demand deposits, savings accounts, interest-bearing transaction accounts, and certain money market deposits is defined as the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using a discounted cash flow calculation that applies interest rates currently offered for deposits of similar remaining maturities. The carrying amounts reported in the balance sheet for securities sold under agreements to repurchase approximate those liabilities’ fair values. Deposits and securities sold under agreements to repurchase are classified as level 2.

Long-term debt

Rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate fair value of existing debt and are classified as level 2.

Junior subordinated debt owed to unconsolidated trusts

For variable rate instruments, fair values are based on carrying values and are classified as level 2.

Commitments to extend credit and standby letters of credit

The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. As of December 31, 2015 and 2014, these items were insignificant.

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:

	December 31, 2015				December 31, 2014
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(dollars in thousands)
Financial assets:
Level 1 inputs:
Cash and due from banks	$	319,280	$	319,280	$	—	$	—
Level 2 inputs:
Cash and due from banks	—		—		339,438		339,438
Securities held to maturity	49,832		50,271		2,373		2,425
Loans held for sale	9,351		9,492		10,400		10,634
Accrued interest receivable	12,122		12,122		11,187		11,187
Level 3 inputs:
Loans, net	2,580,252		2,583,458		2,357,837		2,360,000

Financial liabilities:
Level 2 inputs:
Deposits	$	3,289,106	$	3,286,677	$	2,900,848	$	2,900,763
Securities sold under agreements to repurchase	172,972		172,972		198,893		198,893
Long-term debt	80,000		80,000		50,000		50,000
Junior subordinated debt owed to unconsolidated trusts	55,000		55,000		55,000		55,000
Accrued interest payable	438		438		507		507

Other assets and liabilities of the Company that are not defined as financial instruments are not included in the above disclosures, such as property and equipment. Also, nonfinancial instruments typically not recognized in financial statements nevertheless may have value but are not included in the above disclosures. These include, among other items, the estimated earning potential of core deposit accounts, the earnings potential of loan servicing rights, the earnings potential of the trust operations, customer goodwill and similar items.

- 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

Operating Segments and Related Information

12 Months Ended

Dec. 31, 2015

Reportable Segments and Related Information

Operating Segments and Related Information

Note 23. Operating Segments and Related Information

The Company has three reportable operating segments, Banking, Remittance Processing and Wealth Management. The Banking operating segment 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. The Remittance Processing operating segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management operating segment provides a full range of asset management, investment and fiduciary services to individuals, businesses and foundations, tax preparation, philanthropic advisory services and farm and brokerage services.

The Company’s three operating 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 Note 1. The Company accounts for intersegment revenue and transfers at current market value.

Effective for the year ended December 31, 2015, the Company realigned its operating segments. Results for the operating segments were revised for prior periods to reflect the impact of this realignment.

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

	Goodwill				Total Assets
As of December 31,	2015		2014		2015			2014
Banking	$	4,824	$	—	$	3,944,031		$	3,589,385
Remittance Processing	8,992		8,992		30,231			28,540
Wealth Management	11,694		11,694		27,651			31,230
Other	—		—		(2,937		)	16,452

Totals	$	25,510	$	20,686	$	3,998,976		$	3,665,607

	Year ended December 31,
	2015			2014			2013
Net interest income:
Banking	$	112,712		$	102,410		$	100,965
Remittance Processing	53			52			51
Wealth Management	272			287			242
Other	(1,222		)	(1,173		)	(1,193		)

Total net interest income	$	111,815		$	101,576		$	100,065


Other income:
Banking	$	30,933		$	29,014		$	33,155
Remittance Processing	11,332			9,561			8,540
Wealth Management	23,651			22,439			21,328
Other	(1,124		)	(2,073		)	(440		)

Total other income	$	64,792		$	58,941		$	62,583


Other expense:
Banking	$	86,672		$	82,167		$	88,426
Remittance Processing	8,526			7,519			6,882
Wealth Management	16,003			14,741			14,830
Other	4,104			3,782			2,173

Total other expense	$	115,305		$	108,209		$	112,311


Income before income taxes:
Banking	$	55,374		$	47,257		$	38,195
Remittance Processing	2,859			2,094			1,709
Wealth Management	7,921			7,986			6,740
Other	(6,452		)	(7,029		)	(3,807		)

Total income before income taxes	$	59,702		$	50,308		$	42,837


Net income:
Banking	36,026			$	30,744		$	25,692
Remittance Processing	1,709			1,227			1,000
Wealth Management	4,721			4,701			3,966
Other	(3,450		)	(3,898		)	(1,932		)

Total net income	$	39,006		$	32,774		$	28,726

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2015

Parent Company Only Financial Information

Parent Company Only Financial Information

Note 24. Parent Company Only Financial Information

Condensed financial data for First Busey Corporation is presented below.

BALANCE SHEETS

	December 31,
	2015		2014
	(dollars in thousands)
ASSETS
Cash and due from subsidiary banks	$	13,787	$	84,537
Securities available for sale	—		201
Investments in subsidiaries:
Bank	381,992		373,773
Non-bank	24,867		28,348
Premises and equipment, net	412		523
Other assets	13,919		8,684

Total assets	$	434,977	$	496,066


LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Junior subordinated debentures owed to unconsolidated
Trusts	$	55,000	$	55,000
Other liabilities	6,791		7,427

Total liabilities	61,791		62,427


Total stockholders’ equity	373,186		433,639

Total liabilities and stockholders’ equity	$	434,977	$	496,066

STATEMENTS OF INCOME

	Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)
Operating income:
Dividends from subsidiaries:
Bank	$	—		$	—		$	—
Non-bank	8,000			2,000			2,000
Interest and dividend income	—			20			46
Other income	5,633			3,475			4,669

Total operating income	13,633			5,495			6,715


Expense:
Salaries and employee benefits	7,658			6,778			5,139
Interest expense	1,223			1,183			1,220
Operating expense	3,203			2,563			2,163

Total expense	12,084			10,524			8,522


Income (loss) before income tax benefit and distributions less than (in excess of) net income of subsidiaries	1,549			(5,029		)	(1,807		)

Income tax benefit	3,001			3,131			1,875


Income (loss) before distributions less than (in excess of) net income of subsidiaries	4,550			(1,898		)	68

Distributions less than (in excess of) net income of subsidiaries:
Bank	37,878			31,991			26,416
Non-bank	(3,422		)	2,681			2,242


Net income	$	39,006		$	32,774		$	28,726

STATEMENTS OF CASH FLOWS

	Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)
Cash Flows from Operating Activities
Net income	$	39,006		$	32,774		$	28,726
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	114			112			100
Distributions less than net income of subsidiaries	(34,456		)	(34,672		)	(28,658		)
Stock-based compensation	1,418			1,187			1,079
Changes in assets and liabilities:
(Increase) decrease in other assets	(4,871		)	951			(62		)
(Decrease) increase in other liabilities	(361		)	(1,077		)	381

Net cash provided by (used in) operating activities	850			(725		)	1,566


Cash Flows from Investing Activities
Decrease in loans	—			—			68
Proceeds from sales of securities classified available for sale	14			—			—
Outlay for business acquisition	(33,759		)	—			—
Proceeds from sales of premises and equipment	—			—			226
Purchases of premises and equipment	(2		)	(114		)	(90		)

Net cash (used in) provided by investing activities	(33,747		)	(114		)	204


Cash Flows from Financing Activities
Proceeds from charter amendment with subsidiary bank	60,000			60,000			50,000
Redemption of SBLF preferred stock	(72,664		)	—			—
Value of shares surrendered upon vesting of restricted stock units to cover tax obligations	(269		)	(45		)	(237		)
Cash dividends paid	(18,619		)	(17,224		)	(14,040		)
Cash payment for fractional shares related to reverse stock split	(5		)	—			—
Purchase of treasury stock	(6,296		)	—			—

Net cash (used in) provided by financing activities	(37,853		)	42,731			35,723


Net (decrease) increase in cash and due from subsidiary banks	(70,750		)	41,892			37,493
Cash and due from subsidiary banks, beginning	84,537			42,645			5,152


Cash and due from subsidiary banks, ending	$	13,787		$	84,537		$	42,645

Unaudited Interim Financial Data

12 Months Ended

Dec. 31, 2015

Unaudited Interim Financial Data

Unaudited Interim Financial Data

Note 25. Unaudited Interim Financial Data

The following table reflects summarized quarterly data for the periods described (unaudited), in thousands, except per share data:

	2015
	December 31		September 30		June 30		March 31

Interest income	$	31,119	$	29,730	$	28,910	$	28,263
Interest expense	1,520		1,535		1,559		1,593

Net interest income	29,599		28,195		27,351		26,670
Provision for loan losses	1,000		100		—		500
Noninterest income	16,315		15,889		16,623		15,965
Noninterest expense	28,363		27,950		28,445		30,547

Income before income taxes	16,551		16,034		15,529		11,588
Income taxes	5,868		5,408		5,593		3,827

Net income	$	10,683	$	10,626	$	9,936	$	7,761
Preferred stock dividends	155		182		181		182

Net income available to common stockholders	$	10,528	$	10,444	$	9,755	$	7,579


Basic earnings per share	$	0.37	$	0.36	$	0.34	$	0.26
Diluted earnings per share	$	0.36	$	0.36	$	0.33	$	0.26

	2014
	December 31		September 30		June 30		March 31

Interest income	$	27,657	$	27,511	$	26,656	$	26,251
Interest expense	1,570		1,600		1,635		1,694

Net interest income	26,087		25,911		25,021		24,557
Provision for loan losses	—		—		1,000		1,000
Noninterest income	14,739		14,204		15,012		14,986
Noninterest expense	28,470		26,298		26,823		26,618

Income before income taxes	12,356		13,817		12,210		11,925
Income taxes	4,763		4,708		4,025		4,038

Net income	$	7,593	$	9,109	$	8,185	$	7,887
Preferred stock dividends	182		182		181		182

Net income available to common stockholders	$	7,411	$	8,927	$	8,004	$	7,705


Basic earnings per share	$	0.26	$	0.31	$	0.28	$	0.27
Diluted earnings per share	$	0.25	$	0.31	$	0.28	$	0.26

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2015

Significant Accounting Policies

Basis of consolidation

The Consolidated Financial Statements of the Company have been prepared in conformity with GAAP and conform to predominant practice within the banking industry.

Purchased credit-impaired loans

Allowance for loan losses

Premises and equipment

Asset Description		Estimated Useful Life
Buildings and improvements		3 – 40 years
Furniture and equipment		3 – 10 years

Long-lived assets

Other real estate owned

Goodwill

Cash surrender value of bank-owned life insurance

The Company has purchased life insurance policies on certain executives and senior officers. Life insurance is recorded at its cash surrender value.

Transfers of financial assets

Income taxes

At December 31, 2015, the Company was not under examination by any tax authority.

Treasury Stock

Stock-based employee compensation

Segment disclosure

Business Combinations

Derivative Financial Instruments

Earnings per share

Earnings per common share, adjusted to reflect the Reverse Stock Split, have been computed as follows:

	For the Years Ended December 31,
	2015		2014		2013
	(in thousands, except per share data)
Net income available to common stockholders	$	38,306	$	32,047	$	25,093
Shares:
Weighted average common shares outstanding	28,928		28,969		28,921
Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method	175		128		100


Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation	29,103		29,097		29,021

Basic earnings per common share	$	1.32	$	1.11	$	0.87


Diluted earnings per common share	$	1.32	$	1.10	$	0.86

Reclassifications

Subsequent events

Impact of new financial accounting standards

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Significant Accounting Policies

Schedule of estimated useful lives for premises and equipment

Asset Description		Estimated Useful Life
Buildings and improvements		3 – 40 years
Furniture and equipment		3 – 10 years

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

	For the Years Ended December 31,
	2015		2014		2013
	(in thousands, except per share data)
Net income available to common stockholders	$	38,306	$	32,047	$	25,093
Shares:
Weighted average common shares outstanding	28,928		28,969		28,921
Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method	175		128		100


Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation	29,103		29,097		29,021

Basic earnings per common share	$	1.32	$	1.11	$	0.87


Diluted earnings per common share	$	1.32	$	1.10	$	0.86

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Acquisitions

Schedule of preliminary assessment of the assets purchased and liabilities assumed

The following table provides an assessment of Herget Financial’s 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)

12 Months Ended

Dec. 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
December 31, 2015:	Cost		Gains		Losses			Value
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	65,003	$	189	$	(1	)	$	65,191
Obligations of U.S. government corporations and agencies	132,547		211		(153		)	132,605
Obligations of states and political subdivisions	176,764		2,154		(306		)	178,612
Residential mortgage-backed securities	304,978		2,922		(351		)	307,549
Corporate debt securities	150,001		307		(1,503		)	148,805

Total debt securities	829,293		5,783		(2,314		)	832,762
Mutual funds and other equity securities	1,642		434		—			2,076

Total	$	830,935	$	6,217	$	(2,314	)	$	834,838


Held to maturity
Obligations of states and political subdivisions	$	48,835	$	449	$	(34	)	$	49,250
Commercial mortgage-backed securities	997		24		—			1,021

Total	$	49,832	$	473	$	(34	)	$	50,271

			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)				(dollars in thousands)
Due in one year or less	$	116,620	$	117,020	$	1,569	$	1,570
Due after one year through five years	396,132		395,861		18,107		18,202
Due after five years through ten years	91,047		93,564		26,002		26,295
Due after ten years	225,494		226,317		4,154		4,204

Total	$	829,293	$	832,762	$	49,832	$	50,271

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

	For the Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)
Gross security gains	$	401		$	807		$	599
Gross security (losses)	(21		)	(31		)	(46		)


Net security gains	$	380		$	776		$	553

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
December 31, 2015:	Value		Losses			Value		Losses			Value		Losses
	(dollars in thousands)
Available for sale
U.S. Treasury securities	$	364	$	(1	)	$	—	$			$	364	$	(1	)
Obligations of U.S. government corporations and agencies	52,154		(153		)	—					52,154		(153		)
Obligations of states and political subdivisions	40,026		(159		)	11,419		(147		)	51,445		(306		)
Residential mortgage-backed Securities	93,608		(351		)	—		—			93,608		(351		)
Corporate debt securities	99,148		(1,503		)	—		—			99,148		(1,503		)

Total temporarily impaired Securities	$	285,300	$	(2,167	)	$	11,419	$	(147	)	$	296,719	$	(2,314	)


Held to maturity
Obligations of states and political subdivisions(1)	$	8,451	$	(34	)	$	91	$	—		$	8,542	$	(34	)

Total temporarily impaired Securities	$	8,451	$	(34	)	$	91	$	—		$	8,542	$	(34	)

(1)Unrealized losses existing for greater than 12 months, gross, was less than one thousand dollars.

	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
	Number of	Amortized		Fair		Per Issuer
December 31, 2015:	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
U.S. State
Illinois	77	$	64,455	$	65,557	$	851
Wisconsin	36	30,889		31,079		863
Michigan	39	27,923		28,339		727
Pennsylvania	10	12,601		12,650		1,265
Texas	18	12,117		12,165		676
Ohio	10	10,723		10,705		1,071
Iowa	3	5,550		5,571		1,857
Other	48	26,938		27,375		570

Total general obligations bonds	241	$	191,196	$	193,441	$	803

						Average Exposure
	Number of	Amortized		Fair		Per Issuer
December 31, 2014:	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
U.S. State
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
	Number of	Amortized		Fair		Per Issuer
December 31, 2015:	Issuers	Cost		Value		(Fair Value)
	(dollars in thousands)
U.S. State
Indiana	9	$	10,187	$	10,173	$	1,130
Illinois	7	8,450		8,478		1,211
Other	21	15,766		15,770		751

Total revenue bonds	37	$	34,403	$	34,421	$	930

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

Total revenue bonds	33	$	38,013	$	37,862	$	1,147

Loans (Tables)

12 Months Ended

Dec. 31, 2015

Loans

Schedule of geographic distributions of loans

	December 31, 2015
	Illinois		Florida		Indiana		Total
	(dollars in thousands)

Commercial	$	606,542	$	16,141	$	33,893	$	656,576
Commercial real estate	907,628		166,885		133,916		1,208,429
Real estate construction	47,466		15,032		34,070		96,568
Retail real estate	532,001		108,978		19,563		660,542
Retail other	14,125		850		—		14,975
Total gross loans	$	2,107,762	$	307,886	$	221,442	$	2,637,090

Less held for sale(1)							9,351
							$	2,627,739

Less allowance for loan losses							47,487
Net loans							$	2,580,252

(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 gross loans	$	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, loan accretion, non-posted and clearings) and geography

	December 31, 2015
	Weighted Avg. Risk Grade	Grades 1, 3, 6		Grade 7		Grade 8		Grade 9		Grade 10
	(dollars in thousands)
Illinois/Indiana
Commercial	5.24	$	538,407	$	57,348	$	27,116	$	10,394	$	7,316
Commercial real estate	5.72	948,049		37,463		34,504		21,275		1,325
Real estate construction	6.53	51,309		14,493		14,370		1,051		360
Retail real estate	5.92	518,308		10,437		7,725		3,208		2,586
Retail other	6.10	13,327		64		639		—		130

Total Illinois/Indiana		$	2,069,400	$	119,805	$	84,354	$	35,928	$	11,717


Florida
Commercial	4.83	$	14,887	$	355	$	26	$	572	$	301
Commercial real estate	6.08	120,519		20,775		16,914		8,506		171
Real estate construction	6.11	13,975		560		385		106		6
Retail real estate	6.27	89,090		11,200		6,249		996		553
Retail other	6.01	845		—		5		—		—

Total Florida		$	239,316	$	32,890	$	23,579	$	10,180	$	1,031

Total		$	2,308,716	$	152,695	$	107,933	$	46,108	$	12,748

	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

	December 31, 2015
	Loans past due, still accruing						Non-accrual
	30-59 Days		60-89 Days		90+Days		Loans
	(dollars in thousands)
Illinois/Indiana
Commercial	$	598	$	35	$	15	$	7,316
Commercial real estate	1,037		27		—		1,325
Real estate construction	—		—		—		360
Retail real estate	1,278		160		—		2,586
Retail other	19		1		—		130

Total Illinois/Indiana	$	2,932	$	223	$	15	$	11,717


Florida
Commercial	$	—	$	127	$	—	$	301
Commercial real estate	—		—		—		171
Real estate construction	—		—		—		6
Retail real estate	—		—		—		553
Retail other	—		—		—		—

Total Florida	$	—	$	127	$	—	$	1,031

Total	$	2,932	$	350	$	15	$	12,748

	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

	December 31, 2015		December 31, 2014
	(dollars in thousands)
Restructured loans:
In compliance with modified terms	$	8,770	$	11,866
30 – 89 days past due	60		—
Included in non-performing loans	643		1,126

Total	$	9,473	$	12,992

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

	December 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	$	12,901	$	3,061	$	8,238	$	11,299	$	3,304	$	3,655
Commercial real estate	2,321		1,505		419		1,924		419		3,581
Real estate construction	1,003		332		29		361		29		309
Retail real estate	4,263		3,128		452		3,580		152		3,200
Retail other	267		233		—		233		—		255

Total Illinois/Indiana	$	20,755	$	8,259	$	9,138	$	17,397	$	3,904	$	11,000


Florida
Commercial	$	1,401	$	301	$	—	$	301	$	—	$	827
Commercial real estate	3,544		2,513		944		3,457		40		5,119
Real estate construction	566		498		—		498		—		524
Retail real estate	8,115		7,980		—		7,980		—		8,870
Retail other	5		—		5		5		5		6

Total Florida	$	13,631	$	11,292	$	949	$	12,241	$	45	$	15,346

Total	$	34,386	$	19,551	$	10,087	$	29,638	$	3,949	$	26,346

	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 changes in the allowance for loan losses

	Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)

Balance, beginning of year	$	47,453		$	47,567		$	48,012
Provision for loan losses	1,600			2,000			7,500
Loan balances charged-off	(4,694		)	(7,371		)	(10,669		)
Recoveries applicable to loan balances previously charged-off	3,128			5,257			2,724


Balance, end of year	$	47,487		$	47,453		$	47,567

Schedule of activity on the allowance for loan losses

	Year Ended December 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	4,837			(753		)	(1,233		)	1,375			151			4,377
Charged-off	(1,333		)	(1,452		)	—			(1,180		)	(364		)	(4,329		)
Recoveries	263			1,269			239			504			185			2,460

Ending Balance	$	12,636		$	15,498		$	1,596		$	11,444		$	276		$	41,450


Florida
Beginning balance	$	1,172		$	4,205		$	205		$	2,917		$	12		$	8,511
Provision for loan loss	(821		)	(1,311		)	(83		)	(518		)	(44		)	(2,777		)
Charged-off	—			(10		)	—			(354		)	(1		)	(365		)
Recoveries	128			222			45			225			48			668

Ending Balance	$	479		$	3,106		$	167		$	2,270		$	15		$	6,037

	Year Ended December 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	1,048			(880		)	90			5,942			332			6,532
Charged-off	(864		)	(1,173		)	(657		)	(2,396		)	(429		)	(5,519		)
Recoveries	233			2,108			617			337			185			3,480

Ending Balance	$	8,869		$	16,434		$	2,590		$	10,745		$	304		$	38,942


Florida
Beginning balance	$	1,926		$	5,733		$	1,168		$	4,287		$	4		$	13,118
Provision for loan loss	195			(1,799		)	(1,889		)	(1,021		)	(18		)	(4,532		)
Charged-off	(1,126		)	—			(69		)	(656		)	(1		)	(1,852		)
Recoveries	177			271			995			307			27			1,777

Ending Balance	$	1,172		$	4,205		$	205		$	2,917		$	12		$	8,511

	Year Ended December 31, 2013
	Commercial			Commercial Real Estate			Real Estate Construction			Retail Real Estate			Retail Other			Total
	(dollars in thousands)
Illinois/Indiana
Beginning balance	$	6,597		$	15,023		$	2,527		$	8,110		$	322		$	32,579
Provision for loan loss	2,681			2,143			847			616			63			6,350
Charged-off	(964		)	(1,361		)	(1,212		)	(2,187		)	(511		)	(6,235		)
Recoveries	138			574			378			323			342			1,755

Ending Balance	$	8,452		$	16,379		$	2,540		$	6,862		$	216		$	34,449


Florida
Beginning balance	$	1,437		$	6,062		$	2,315		$	5,614		$	5		$	15,433
Provision for loan loss	414			2,225			(1,419		)	(51		)	(19		)	1,150
Charged-off	—			(2,543		)	(56		)	(1,828		)	(7		)	(4,434		)
Recoveries	75			(11		)	328			552			25			969

Ending Balance	$	1,926		$	5,733		$	1,168		$	4,287		$	4		$	13,118

Schedule of allowance for loan losses and recorded investments in loans, excluding loans held for sale, by category and geography

	As of December 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	$	3,304	$	419	$	29	$	152	$	—	$	3,904
Loans collectively evaluated for impairment	9,332		15,079		1,567		11,292		276		37,546

Ending Balance	$	12,636	$	15,498	$	1,596	$	11,444	$	276	$	41,450


Loans:
Loans individually evaluated for impairment	$	11,299	$	1,548	$	29	$	3,580	$	233	$	16,689
Loans collectively evaluated for impairment	629,136		1,039,620		81,175		539,523		13,892		2,303,346
PCI loans evaluated for impairment	—		376		332		—		—		708

Ending Balance	$	640,435	$	1,041,544	$	81,536	$	543,103	$	14,125	$	2,320,743

Florida
Amount allocated to:
Loans individually evaluated for impairment	$	—	$	40	$	—	$	—	$	5	$	45
Loans collectively evaluated for impairment	479		3,066		167		2,270		10		5,992

Ending Balance	$	479	$	3,106	$	167	$	2,270	$	15	$	6,037


Loans:
Loans individually evaluated for impairment	$	301	$	3,457	$	498	$	7,980	$	5	$	12,241
Loans collectively evaluated for impairment	15,840		163,428		14,534		100,108		845		294,755

Ending Balance	$	16,141	$	166,885	$	15,032	$	108,088	$	850	$	306,996

	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

OREO (Tables)

12 Months Ended

Dec. 31, 2015

OREO.

Summary of activities relating to OREO

	Year Ended December 31, 2015			Year Ended December 31, 2014
	(dollars in thousands)
OREO:
Beginning balance	$	216		$	2,133
Additions, transfers from loans	1,251			660
Additions, fair value from Herget Financial acquisition	284			—
Proceeds from sales of OREO	(1,090		)	(2,739		)
Gain on sales of OREO	122			162

Ending balance	$	783		$	216

Loan Servicing (Tables)

12 Months Ended

Dec. 31, 2015

Loan Servicing

Summary of mortgage servicing rights capitalized and amortized

	For the Years Ended December 31,
	2015		2014		2013
	(dollars in thousands)

Mortgage servicing rights capitalized	$	1,361	$	983	$	2,490

Mortgage servicing rights amortized	$	2,146	$	2,228	$	2,650

Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2015

Premises and Equipment

Summary of premises and equipment

	December 31,
	2015		2014
	(dollars in thousands)

Land and improvements	$	21,950	$	21,559
Buildings and improvements	64,270		62,794
Furniture and equipment	34,039		32,018

	120,259		116,371
Less accumulated depreciation	57,171		52,397

Total premises and equipment	$	63,088	$	63,974

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Other Intangible Assets

Schedule of carrying amount of goodwill by operating segment

	Balance at		Balance at
Goodwill:	December 31, 2015		December 31, 2014

Banking	$	4,824	$	—
Remittance Processing	8,992		8,992
Wealth Management	11,694		11,694

Total goodwill	$	25,510	$	20,686

Schedule of other intangible asset disclosures

Amortized intangible assets:	Balance at December 31, 2015		2015 Amortization		Balance at December 31, 2014		2014 Amortization
	(dollars in thousands)
Core deposit intangible assets	$	5,231	$	2,060	$	4,254	$	1,870
Customer relationship intangible assets	2,201		1,132		2,433		1,014

	$	7,432	$	3,192	$	6,687	$	2,884

Schedule of carrying amount of amortized intangible assets

As of December 31, 2015:	Core deposit intangible		Customer relationship intangible
	(dollars in thousands)
Gross carrying amount	$	22,999	$	12,220
Accumulated amortization	17,768		10,019

	$	5,231	$	2,201

Estimated amortization expense on balance at December 31, 2015:
2016	$	1,986	$	1,077
2017	1,226		663
2018	326		115
2019	316		99
2020	304		82
Thereafter	1,073		165

	$	5,231	$	2,201

Deposits (Tables)

12 Months Ended

Dec. 31, 2015

Deposits

Schedule of composition of deposits

	December 31,
	2015		2014
	(dollars in thousands)
Demand deposits, noninterest-bearing	$	881,685	$	666,607
Interest-bearing transaction deposits	72,685		67,774
Savings deposits	242,708		210,673
Money market deposits	1,633,977		1,459,723
Time deposits	458,051		496,071

Total	$	3,289,106	$	2,900,848

Schedule of maturities of time deposits

As of December 31, 2015, the scheduled maturities of time deposits, in thousands, are as follows:

2016	$	285,381
2017	98,672
2018	42,113
2019	17,958
2020	13,425
Thereafter	502

	$	458,051

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)

12 Months Ended

Dec. 31, 2015

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

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

	December 31,
	2015			2014
	(dollars in thousands)
Balance	$	172,972		$	198,893
Weighted average interest rate at end of period	0.18		%	0.14		%
Maximum outstanding at any month end	$	202,376		$	198,893
Average daily balance	$	179,662		$	148,452
Weighted average interest rate during period(1)	0.10		%	0.12		%

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

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Long-term Debt

Summary of long-term debt

	December 31,
	2015		2014
	(dollars in thousands)
Notes payable, FHLB, ranging in maturity from nineteen months to ten years, collateralized by FHLB deposits, residential and commercial real estate loans and FHLB stock.	$	80,000	$	50,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Junior Subordinated Debt Owed to Unconsolidated Trusts (Tables)

12 Months Ended

Dec. 31, 2015

Junior Subordinated Debt Owed to Unconsolidated Trusts

Summary of the outstanding junior subordinated notes and the related trust preferred securities issued by each trust

The table below summarizes the outstanding junior subordinated notes and the related trust preferred securities issued by each trust as of December 31, 2015:

	First Busey Statutory Trust II	First Busey Statutory Trust III	First Busey Statutory Trust IV

Junior Subordinated Notes:
Principal balance	$15,000,000	$10,000,000	$30,000,000
Annual interest rate	3-mo LIBOR + 2.65%	3-mo LIBOR + 1.75%	3-mo LIBOR + 1.55%
Stated maturity date	June 17, 2034	June 15, 2035	June 15, 2036

Trust Preferred Securities:
Face value	$15,000,000	$10,000,000	$30,000,000
Annual distribution rate	3-mo LIBOR + 2.65%	3-mo LIBOR + 1.75%	3-mo LIBOR + 1.55%
Issuance date	April 30, 2004	June 15, 2005	June 15, 2006
Distribution dates(1)	Quarterly	Quarterly	Quarterly

(1)All cash distributions are cumulative.

Capital (Tables)

12 Months Ended

Dec. 31, 2015

Capital

Schedule of capital adequacy requirements

					Minimum				Minimum To Be
	Actual				Capital Requirement				Well Capitalized
As of December 31, 2015:	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(dollars in thousands)
Total Capital (to Risk Weighted Assets)
Consolidated	$	431,689	14.55	%	$	237,404	8.00	%	$	296,754	10.00	%
Busey Bank	$	396,428	13.45	%	$	235,741	8.00	%	$	294,676	10.00	%

Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	394,240	13.29	%	$	178,053	6.00	%	$	237,404	8.00	%
Busey Bank	$	359,228	12.19	%	$	176,806	6.00	%	$	235,741	8.00	%

Common Equity Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	341,828	11.52	%	$	133,540	4.50	%	$	192,890	6.50	%
Busey Bank	$	359,228	12.19	%	$	132,604	4.50	%	$	191,540	6.50	%

Tier 1 Capital (to Average Assets)
Consolidated	$	394,240	10.13	%	$	155,653	4.00	%	N/A		N/A
Busey Bank	$	359,228	9.32	%	$	154,145	4.00	%	$	192,681	5.00	%

					Minimum				Minimum To Be
	Actual				Capital Requirement				Well Capitalized
As of December 31, 2014:	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(dollars in thousands)
Total Capital (to Risk Weighted Assets)
Consolidated	$	488,908	18.66	%	$	209,554	8.00	%	$	261,942	10.00	%
Busey Bank	$	388,479	14.94	%	$	207,991	8.00	%	$	259,988	10.00	%

Tier 1 Capital (to Risk Weighted Assets)
Consolidated	$	455,354	17.38	%	$	104,777	4.00	%	$	157,166	6.00	%
Busey Bank	$	355,166	13.66	%	$	103,996	4.00	%	$	155,993	6.00	%

Tier 1 Capital (to Average Assets)
Consolidated	$	455,354	12.79	%	$	142,401	4.00	%	N/A		N/A
Busey Bank	$	355,166	10.10	%	$	140,677	4.00	%	$	175,846	5.00	%

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes

Schedule of the components of income taxes

	Years Ended December 31,
	2015		2014		2013
Current	$	17,839	$	4,830	$	4,020
Deferred	2,857		12,704		10,091


Total income tax expense	$	20,696	$	17,534	$	14,111

Schedule of the reconciliation of federal and state income taxes at statutory rates to the income taxes included in the statements of income

	Years Ended December 31,
	2015		2014		2013
	% of		% of		% of
	Pretax		Pretax		Pretax
	Income		Income		Loss
Income tax at statutory rate	35.0	%	35.0	%	35.0	%
Effect of:
Tax-exempt interest, net	(2.3	)%	(2.6	)%	(3.5	)%
State income taxes, net	4.2	%	5.7	%	4.5	%
Income on bank owned life insurance	(1.2	)%	(1.0	)%	(0.9	)%
Other, net	(1.0	)%	(2.2	)%	(2.2	)%

	34.7	%	34.9	%	32.9	%

Schedule of the deferred tax assets and liabilities

	2015			2014
Deferred tax assets:
Allowance for loan losses	$	18,939		$	18,904
Stock-based compensation	1,461			1,472
Deferred compensation	2,189			2,057
Affordable housing partnerships and other investments	2,454			—
Purchase accounting adjustments	1,308			—
Accrued vacation	579			527
Employee costs	703			656
Other	699			2,592

	$	28,332		$	26,208

Deferred tax liabilities:
Investment securities:
Unrealized gains on securities available for sale	$	(1,563	)	$	(3,884	)
Other, net	(641		)	(548		)
Basis in premises and equipment	(1,887		)	(2,012		)
Affordable housing partnerships and other investments	(1,560		)	(1,449		)
Purchase accounting adjustments	(645		)	—
Mortgage servicing assets	(1,386		)	(1,549		)
Basis in core deposit and customer intangible assets	(2,967		)	(2,669		)
Deferred loan origination costs	(359		)	(257		)

	$	(11,008	)	$	(12,368	)

Net operating loss carryforward, net of valuation allowance	4,314			8,333

Net deferred tax assets	$	21,638		$	22,173

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Employee Benefit Plans

Schedule of expenses related to the employee benefit plans

	Years Ended December 31,
	2015		2014		2013
	(dollars in thousands)

Total employee benefits	$	2,584	$	2,636	$	2,975

Stock Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2015

Stock Incentive Plans

Schedule of status and changes in stock option plans

	2015				2014				2013
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Exercise				Exercise				Exercise
	Shares		Price		Shares		Price		Shares		Price

Outstanding at beginning of year	170,026		$	48.99	232,109		$	51.66	285,805		$	51.03
Granted	—		—		—		—		—		—
Exercised	—		—		—		—		—		—
Forfeited	(517	)	58.23		(8,267	)	57.75		(1,550	)	58.23
Expired	(72,941	)	55.99		(53,816	)	59.22		(52,146	)	48.00

Outstanding at end of year	96,568		$	43.64	170,026		$	48.99	232,109		$	51.66


Exercisable at end of year	96,568		$	43.64	170,026		$	48.99	232,109		$	51.66

Summary of stock options outstanding by range of exercise prices

The following table summarizes information about stock options outstanding at December 31, 2015:

		Options Outstanding						Options Exercisable
					Weighted-
			Weighted-		Average
Range of			Average		Remaining
Exercise			Exercise		Contractual	Intrinsic			Intrinsic
Prices		Number	Price		Life	Value		Number	Value

$	13.47-22.59	35,000	$	18.03	4.00			35,000
58.05-58.23		61,568	58.20		0.39			61,568

		96,568	$	43.64	1.70	$	125	96,568	$	125

Summary of the changes in stock awards (restricted stock units)

	2015				2014				2013
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Grant Date				Grant Date				Grant Date
	Shares		Fair Value		Shares		Fair Value		Shares		Fair Value

Outstanding at beginning of year	394,624		$	15.67	306,643		$	14.91	245,471		$	14.76
Reclass to DSUs	—		—		(1,653	)	15.12		—		—
Granted	108,945		20.07		101,426		17.52		117,151		15.06
Dividend equivalents earned	13,089		19.31		11,722		16.86		5,737		14.58
Vested	(73,777	)	14.48		(8,811	)	14.46		(52,265	)	14.52
Forfeited	(17,951	)	16.21		(14,703	)	14.19		(9,451	)	15.42

Outstanding at end of year	424,930		$	17.10	394,624		$	15.67	306,643		$	14.91

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

	2015				2014				2013
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Grant Date				Grant Date				Grant Date
	Shares		Fair Value		Shares		Fair Value		Shares		Fair Value

Non-vested at beginning of year	18,581		$	17.31	9,685		$	15.15	10,997		$	14.31
Reclass from RSUs	—		—		1,653		15.12		—		—
Granted	17,899		20.07		16,566		17.52		9,600		15.12
Dividend equivalents earned	1,872		19.40		1,347		16.89		545		15.09
Vested	(13,589	)	17.69		(10,670	)	15.30		(11,457	)	14.31
Forfeited	—		—		—		—		—		—

Non-vested at end of year	24,763		$	19.25	18,581		$	17.31	9,685		$	15.15

Outstanding at end of year	68,456		$	17.16	48,686		$	16.02	29,119		$	15.18

Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2015

Transactions with Related Parties

Schedule of the analysis of the changes in loans to related parties

The following is an analysis of the changes in loans, in thousands, to related parties during the year ended December 31, 2015:

Balance at beginning of year	$	57,567
New loans/advances	19,684
Repayments	(19,931		)
Other	(195		)

Balance at end of year	$	57,125

Commitments, Contingencies and Credit Risk (Tables)

12 Months Ended

Dec. 31, 2015

Commitments, Contingencies and Credit Risk

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

	December 31,
	2015		2014
	(dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	618,551	$	561,439
Standby letters of credit	15,325		20,466

Schedule of commitments before considering renewal options

Rent commitments, in thousands, before considering renewal options that generally are present, were as follows at December 31, 2015:

2016	$	895
2017	726
2018	348
2019	231
2020	170

	$	2,370

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Financial Instruments

Schedule of notional amount and fair values of open foreign currency forward contracts

	December 31, 2015		December 31, 2014
	(dollars in thousands)
Forward contracts — foreign exchange:
Notional amount	$	3,466	$	1,781
Other assets — estimated fair value	4		15
Other liabilities — estimated fair value	2		—

Fair Value Measurements (Tables)

12 Months Ended

Dec. 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
	(dollars in thousands)
December 31, 2015
Securities available for sale
U.S. Treasury securities	$	—	$	65,191	$	—	$	65,191
Obligations of U.S. government corporations and agencies	—		132,605		—		132,605
Obligations of states and political subdivisions	—		178,612		—		178,612
Residential mortgage-backed securities	—		307,549		—		307,549
Corporate debt securities	—		148,805		—		148,805
Mutual funds and other equity securities	2,076		—		—		2,076
Derivative assets
Foreign currency forward contracts	—		4		—		4
Derivative liabilities
Foreign currency forward contracts	—		2		—		2
December 31, 2014
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)
December 31, 2015
Impaired loans	$	—	$	—	$	6,138	$	6,138
OREO(1)	—		—		—		—
December 31, 2014
Impaired loans	$	—	$	—	$	2,129	$	2,129
OREO(1)	—		—		—		—

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)
December 31, 2015
Impaired loans	$		6,138	Appraisal of collateral	Appraisal adjustments	-4.3% to -100.0% (-30.9)%
OREO(1)	—			Appraisal of collateral	Appraisal adjustments	-100.0% (-100.0)%
December 31, 2014

Impaired loans	$	2,129		Appraisal of collateral	Appraisal adjustments	-7.7% to -100.0% (-54.3)%
OREO(1)	—			Appraisal of collateral	Appraisal adjustments	-100.0% (-100.0)%

(1)OREO fair value was less than one thousand dollars.

Schedule of estimated fair values of financial instruments

	December 31, 2015				December 31, 2014
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(dollars in thousands)
Financial assets:
Level 1 inputs:
Cash and due from banks	$	319,280	$	319,280	$	—	$	—
Level 2 inputs:
Cash and due from banks	—		—		339,438		339,438
Securities held to maturity	49,832		50,271		2,373		2,425
Loans held for sale	9,351		9,492		10,400		10,634
Accrued interest receivable	12,122		12,122		11,187		11,187
Level 3 inputs:
Loans, net	2,580,252		2,583,458		2,357,837		2,360,000

Financial liabilities:
Level 2 inputs:
Deposits	$	3,289,106	$	3,286,677	$	2,900,848	$	2,900,763
Securities sold under agreements to repurchase	172,972		172,972		198,893		198,893
Long-term debt	80,000		80,000		50,000		50,000
Junior subordinated debt owed to unconsolidated trusts	55,000		55,000		55,000		55,000
Accrued interest payable	438		438		507		507

Operating Segments and Related Information (Tables)

12 Months Ended

Dec. 31, 2015

Reportable Segments and Related Information

Summary of information relating to operating segments

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

	Goodwill				Total Assets
As of December 31,	2015		2014		2015			2014
Banking	$	4,824	$	—	$	3,944,031		$	3,589,385
Remittance Processing	8,992		8,992		30,231			28,540
Wealth Management	11,694		11,694		27,651			31,230
Other	—		—		(2,937		)	16,452

Totals	$	25,510	$	20,686	$	3,998,976		$	3,665,607

	Year ended December 31,
	2015			2014			2013
Net interest income:
Banking	$	112,712		$	102,410		$	100,965
Remittance Processing	53			52			51
Wealth Management	272			287			242
Other	(1,222		)	(1,173		)	(1,193		)

Total net interest income	$	111,815		$	101,576		$	100,065


Other income:
Banking	$	30,933		$	29,014		$	33,155
Remittance Processing	11,332			9,561			8,540
Wealth Management	23,651			22,439			21,328
Other	(1,124		)	(2,073		)	(440		)

Total other income	$	64,792		$	58,941		$	62,583


Other expense:
Banking	$	86,672		$	82,167		$	88,426
Remittance Processing	8,526			7,519			6,882
Wealth Management	16,003			14,741			14,830
Other	4,104			3,782			2,173

Total other expense	$	115,305		$	108,209		$	112,311


Income before income taxes:
Banking	$	55,374		$	47,257		$	38,195
Remittance Processing	2,859			2,094			1,709
Wealth Management	7,921			7,986			6,740
Other	(6,452		)	(7,029		)	(3,807		)

Total income before income taxes	$	59,702		$	50,308		$	42,837


Net income:
Banking	36,026			$	30,744		$	25,692
Remittance Processing	1,709			1,227			1,000
Wealth Management	4,721			4,701			3,966
Other	(3,450		)	(3,898		)	(1,932		)

Total net income	$	39,006		$	32,774		$	28,726

Parent Company Only Financial Information (Tables) - Parent

12 Months Ended

Dec. 31, 2015

Parent Company Only Financial Information

Balance Sheet

BALANCE SHEETS

	December 31,
	2015		2014
	(dollars in thousands)
ASSETS
Cash and due from subsidiary banks	$	13,787	$	84,537
Securities available for sale	—		201
Investments in subsidiaries:
Bank	381,992		373,773
Non-bank	24,867		28,348
Premises and equipment, net	412		523
Other assets	13,919		8,684

Total assets	$	434,977	$	496,066


LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Junior subordinated debentures owed to unconsolidated
Trusts	$	55,000	$	55,000
Other liabilities	6,791		7,427

Total liabilities	61,791		62,427


Total stockholders’ equity	373,186		433,639

Total liabilities and stockholders’ equity	$	434,977	$	496,066

Statement of Operations

STATEMENTS OF INCOME

	Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)
Operating income:
Dividends from subsidiaries:
Bank	$	—		$	—		$	—
Non-bank	8,000			2,000			2,000
Interest and dividend income	—			20			46
Other income	5,633			3,475			4,669

Total operating income	13,633			5,495			6,715


Expense:
Salaries and employee benefits	7,658			6,778			5,139
Interest expense	1,223			1,183			1,220
Operating expense	3,203			2,563			2,163

Total expense	12,084			10,524			8,522


Income (loss) before income tax benefit and distributions less than (in excess of) net income of subsidiaries	1,549			(5,029		)	(1,807		)

Income tax benefit	3,001			3,131			1,875


Income (loss) before distributions less than (in excess of) net income of subsidiaries	4,550			(1,898		)	68

Distributions less than (in excess of) net income of subsidiaries:
Bank	37,878			31,991			26,416
Non-bank	(3,422		)	2,681			2,242


Net income	$	39,006		$	32,774		$	28,726

Statement of Cash Flows

STATEMENTS OF CASH FLOWS

	Years Ended December 31,
	2015			2014			2013
	(dollars in thousands)
Cash Flows from Operating Activities
Net income	$	39,006		$	32,774		$	28,726
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	114			112			100
Distributions less than net income of subsidiaries	(34,456		)	(34,672		)	(28,658		)
Stock-based compensation	1,418			1,187			1,079
Changes in assets and liabilities:
(Increase) decrease in other assets	(4,871		)	951			(62		)
(Decrease) increase in other liabilities	(361		)	(1,077		)	381

Net cash provided by (used in) operating activities	850			(725		)	1,566


Cash Flows from Investing Activities
Decrease in loans	—			—			68
Proceeds from sales of securities classified available for sale	14			—			—
Outlay for business acquisition	(33,759		)	—			—
Proceeds from sales of premises and equipment	—			—			226
Purchases of premises and equipment	(2		)	(114		)	(90		)

Net cash (used in) provided by investing activities	(33,747		)	(114		)	204


Cash Flows from Financing Activities
Proceeds from charter amendment with subsidiary bank	60,000			60,000			50,000
Redemption of SBLF preferred stock	(72,664		)	—			—
Value of shares surrendered upon vesting of restricted stock units to cover tax obligations	(269		)	(45		)	(237		)
Cash dividends paid	(18,619		)	(17,224		)	(14,040		)
Cash payment for fractional shares related to reverse stock split	(5		)	—			—
Purchase of treasury stock	(6,296		)	—			—

Net cash (used in) provided by financing activities	(37,853		)	42,731			35,723


Net (decrease) increase in cash and due from subsidiary banks	(70,750		)	41,892			37,493
Cash and due from subsidiary banks, beginning	84,537			42,645			5,152


Cash and due from subsidiary banks, ending	$	13,787		$	84,537		$	42,645

Unaudited Interim Financial Data (Tables)

12 Months Ended

Dec. 31, 2015

Unaudited Interim Financial Data

Schedule reflecting the summarized quarterly data

The following table reflects summarized quarterly data for the periods described (unaudited), in thousands, except per share data:

	2015
	December 31		September 30		June 30		March 31

Interest income	$	31,119	$	29,730	$	28,910	$	28,263
Interest expense	1,520		1,535		1,559		1,593

Net interest income	29,599		28,195		27,351		26,670
Provision for loan losses	1,000		100		—		500
Noninterest income	16,315		15,889		16,623		15,965
Noninterest expense	28,363		27,950		28,445		30,547

Income before income taxes	16,551		16,034		15,529		11,588
Income taxes	5,868		5,408		5,593		3,827

Net income	$	10,683	$	10,626	$	9,936	$	7,761
Preferred stock dividends	155		182		181		182

Net income available to common stockholders	$	10,528	$	10,444	$	9,755	$	7,579


Basic earnings per share	$	0.37	$	0.36	$	0.34	$	0.26
Diluted earnings per share	$	0.36	$	0.36	$	0.33	$	0.26

	2014
	December 31		September 30		June 30		March 31

Interest income	$	27,657	$	27,511	$	26,656	$	26,251
Interest expense	1,570		1,600		1,635		1,694

Net interest income	26,087		25,911		25,021		24,557
Provision for loan losses	—		—		1,000		1,000
Noninterest income	14,739		14,204		15,012		14,986
Noninterest expense	28,470		26,298		26,823		26,618

Income before income taxes	12,356		13,817		12,210		11,925
Income taxes	4,763		4,708		4,025		4,038

Net income	$	7,593	$	9,109	$	8,185	$	7,887
Preferred stock dividends	182		182		181		182

Net income available to common stockholders	$	7,411	$	8,927	$	8,004	$	7,705


Basic earnings per share	$	0.26	$	0.31	$	0.28	$	0.27
Diluted earnings per share	$	0.25	$	0.31	$	0.28	$	0.26

Significant Accounting Policies - Narrative (Details)	12 Months Ended
Significant Accounting Policies - Narrative (Details)	Dec. 31, 2015 USD ($) segment	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Trust assets
Assets under care	$ 5,100,000,000	$ 5,200,000,000
Loans and loan servicing
Maximum estimated economic life	5 years
Goodwill
Goodwill impairment	$ 0	0
Income taxes
Valuation allowance	0	0
Accruals for payments of interest and penalties	0	0
Stock-based employee compensation
Compensation expense recognized	$ 1,400,000	$ 1,200,000	$ 1,100,000
Segment disclosure
Number of operating segments \| segment	3
Maximum \| Commercial
Premises and equipment
Estimated Useful Life	3 years
Buildings and improvements \| Minimum
Premises and equipment
Estimated Useful Life	3 years
Buildings and improvements \| Maximum
Premises and equipment
Estimated Useful Life	40 years
Furniture and equipment \| Minimum
Premises and equipment
Estimated Useful Life	3 years
Furniture and equipment \| Maximum
Premises and equipment
Estimated Useful Life	10 years
RSU
Stock-based employee compensation
Compensation expense recognized	$ 0
RSU \| Minimum
Stock-based employee compensation
Requisite service period	1 year
RSU \| Maximum
Stock-based employee compensation
Requisite service period	5 years

Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income per share calculations for basic and diluted methods
Net income available to common stockholders (in dollars)	$ 10,528	$ 10,444	$ 9,755	$ 7,579	$ 7,411	$ 8,927	$ 8,004	$ 7,705	$ 38,306	$ 32,047	$ 25,093
Shares:
Weighted average common shares outstanding									28,928,000	28,969,000	28,921,000
Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method (in shares)									175,000	128,000	100,000
Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation									29,103,000	29,097,000	29,021,000
Basic earnings per common share (in dollars per share)	$ 0.37	$ 0.36	$ 0.34	$ 0.26	$ 0.26	$ 0.31	$ 0.28	$ 0.27	$ 1.32	$ 1.11	$ 0.87
Diluted earnings per common share (in dollars per share)	$ 0.36	$ 0.36	$ 0.33	$ 0.26	$ 0.25	$ 0.31	$ 0.28	$ 0.26	$ 1.32	$ 1.10	$ 0.86
Stock options
Anti-dilutive securities excluded from the calculation of common stock equivalents
Number of anti-dilutive securities (in shares)									61,568	152,543
Warrants
Anti-dilutive securities excluded from the calculation of common stock equivalents
Number of anti-dilutive securities (in shares)									191,278	191,278
RSU
Anti-dilutive securities excluded from the calculation of common stock equivalents
Number of anti-dilutive securities (in shares)										117,992

Acquisitions (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jan. 08, 2015	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition
Consolidated assets		$ 3,998,976	$ 3,665,607
Total gross loans		2,637,090	2,415,690
Total deposits		3,289,106	2,900,848
Goodwill		25,510	20,686
Herget Financial and Herget Bank
Business Acquisition
Percentage of outstanding common stock to be acquired	100.00%
Aggregate cash consideration	$ 34,100
Per share cash consideration entitled (in dollars per share)	$ 588.00
Business acquisition expenses		1,000	$ 400
Maximum period of measurement adjustments from the closing date of acquisition	1 year
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	4,800
Other intangible assets	3,937
Other assets	2,931
Deposits	241,901
Other liabilities	2,839
Fair value of performed loans	103,700
Fair value of credit-impaired loans	$ 1,500
Amortization period of other intangible assets	P10Y
Pulaski
Business Acquisition
Business acquisition expenses		400
Consolidated assets		1,650,000
Total gross loans		1,410,000
Total deposits		$ 1,210,000

Cash and Due from Banks (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Cash and Due from Banks
Required reserve balance	$ 14.6	$ 12.3

Securities (Details) $ in Thousands	12 Months Ended
Securities (Details) $ in Thousands	Dec. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Available for sale
Amortized Cost	$ 830,935	$ 749,364
Gross Unrealized Gains	6,217	10,740
Gross Unrealized Losses	(2,314)	(1,039)
Fair Value	834,838	759,065
Held to maturity
Amortized Cost	49,832	2,373
Gross Unrealized Gains	473	55
Gross Unrealized Losses	(34)	(3)
Fair Value	50,271	2,425
Available for sale, Amortized Cost
Due in one year or less	116,620
Due after one year through five years	396,132
Due after five years through ten years	91,047
Due after ten years	225,494
Amortized Cost	829,293
Available for sale, Fair Value
Due in one year or less	117,020
Due after one year through five years	395,861
Due after five years through ten years	93,564
Due after ten years	226,317
Fair Value	832,762	759,065
Held to maturity, Amortized Cost
Due in one year or less	1,569
Due after one year through five years	18,107
Due after five years through ten years	26,002
Due after ten years	4,154
Amortized Cost	49,832	2,373
Held to maturity, Fair Value
Due in one year or less	1,570
Due after one year through five years	18,202
Due after five years through ten years	26,295
Due after ten years	4,204
Fair Value	50,271	2,425
Realized gains and losses related to sales of securities available for sale
Gross security gains	401	807	$ 599
Gross security (losses)	(21)	(31)	(46)
Net security (losses) gains	380	776	553
Tax provision related to net realized gains (losses)	100	300	$ 200
Carrying amount of investment securities pledged as collateral	627,400	536,200
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	285,300	67,415
Continuous unrealized losses existing greater than 12 months, gross	11,419	65,898
Total	296,719	133,313
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(2,167)	(234)
Continuous unrealized losses existing greater than 12 months, gross	(147)	(805)
Total	(2,314)	(1,039)
Held to maturity, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	8,451	534
Continuous unrealized losses existing for greater than 12 months, gross	91
Total	8,542	534
Held to maturity, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(34)	(3)
Total	$ (34)	(3)
Number of securities in unrealized loss position \| item	203
Securities in unrealized loss position as a percentage of aggregate carrying value of investments	0.80%
U.S. Treasury securities
Available for sale
Amortized Cost	$ 65,003	50,280
Gross Unrealized Gains	189	328
Gross Unrealized Losses	(1)	(2)
Fair Value	65,191	50,606
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	364
Continuous unrealized losses existing greater than 12 months, gross		366
Total	364	366
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(1)
Continuous unrealized losses existing greater than 12 months, gross		(2)
Total	(1)	(2)
Obligations of U.S. government corporations and agencies
Available for sale
Amortized Cost	132,547	166,207
Gross Unrealized Gains	211	981
Gross Unrealized Losses	(153)	(178)
Fair Value	132,605	167,010
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	52,154
Continuous unrealized losses existing greater than 12 months, gross		25,118
Total	52,154	25,118
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(153)
Continuous unrealized losses existing greater than 12 months, gross		(178)
Total	(153)	(178)
Obligations of states and political subdivisions
Available for sale
Amortized Cost	176,764	218,250
Gross Unrealized Gains	2,154	2,672
Gross Unrealized Losses	(306)	(761)
Fair Value	178,612	220,161
Held to maturity
Amortized Cost	48,835	1,359
Gross Unrealized Gains	449	15
Gross Unrealized Losses	(34)	(3)
Fair Value	49,250	1,371
Held to maturity, Amortized Cost
Amortized Cost	48,835	1,359
Held to maturity, Fair Value
Fair Value	49,250	1,371
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	40,026	40,385
Continuous unrealized losses existing greater than 12 months, gross	11,419	40,201
Total	51,445	80,586
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(159)	(140)
Continuous unrealized losses existing greater than 12 months, gross	(147)	(621)
Total	(306)	(761)
Held to maturity, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	8,451	534
Continuous unrealized losses existing for greater than 12 months, gross	91
Total	8,542	534
Held to maturity, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(34)	(3)
Total	(34)	(3)
Obligations of states and political subdivisions \| Maximum
Held to maturity, Unrealized Losses
Continuous unrealized losses existing for greater than 12 months, gross	1
Residential mortgage-backed Securities
Available for sale
Amortized Cost	304,978	230,596
Gross Unrealized Gains	2,922	5,062
Gross Unrealized Losses	(351)	(22)
Fair Value	307,549	235,636
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	93,608	10,630
Total	93,608	10,630
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(351)	(22)
Total	(351)	(22)
Corporate debt securities
Available for sale
Amortized Cost	150,001	79,087
Gross Unrealized Gains	307	296
Gross Unrealized Losses	(1,503)	(76)
Fair Value	148,805	79,307
Available for sale, Fair Value
Continuous unrealized losses existing for less than 12 months, gross	99,148	16,400
Continuous unrealized losses existing greater than 12 months, gross		213
Total	99,148	16,613
Available for sale, Unrealized Losses
Continuous unrealized losses existing for less than 12 months, gross	(1,503)	(72)
Continuous unrealized losses existing greater than 12 months, gross		(4)
Total	(1,503)	(76)
Debt securities
Available for sale
Amortized Cost	829,293	744,420
Gross Unrealized Gains	5,783	9,339
Gross Unrealized Losses	(2,314)	(1,039)
Fair Value	832,762	752,720
Mutual funds and other equity securities
Available for sale
Amortized Cost	1,642	4,944
Gross Unrealized Gains	434	1,401
Fair Value	2,076	6,345
Commercial mortgage-backed securities
Held to maturity
Amortized Cost	997	1,014
Gross Unrealized Gains	24	40
Fair Value	1,021	1,054
Held to maturity, Amortized Cost
Amortized Cost	997	1,014
Held to maturity, Fair Value
Fair Value	$ 1,021	$ 1,054

Securities - Obligations by State (Details) $ in Thousands	12 Months Ended
Securities - Obligations by State (Details) $ in Thousands	Dec. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($) item
Securities
Available for sale, fair value	$ 834,838	$ 759,065
Held to maturity, fair value	$ 50,271	$ 2,425
General obligation bonds
Securities
Number of issuers \| item	241	187
Amortized Cost	$ 191,196	$ 181,596
Fair Value	193,441	183,670
Average Exposure Per Issuer (Fair Value)	803	982
Amount of largest exposure to a single issuer	$ 3,400	$ 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	97.60%	97.10%
Minimum number of nationally recognized statistical rating organizations \| item	1	1
Percentage of underlying asset unrated	2.40%	2.90%
General obligation bonds \| Illinois
Securities
Number of issuers \| item	77	63
Amortized Cost	$ 64,455	$ 59,979
Fair Value	65,557	61,058
Average Exposure Per Issuer (Fair Value)	$ 851	$ 969
General obligation bonds \| Wisconsin
Securities
Number of issuers \| item	36	39
Amortized Cost	$ 30,889	$ 36,165
Fair Value	31,079	36,365
Average Exposure Per Issuer (Fair Value)	$ 863	$ 932
General obligation bonds \| Michigan
Securities
Number of issuers \| item	39	33
Amortized Cost	$ 27,923	$ 30,400
Fair Value	28,339	30,739
Average Exposure Per Issuer (Fair Value)	$ 727	$ 931
General obligation bonds \| Pennsylvania
Securities
Number of issuers \| item	10	10
Amortized Cost	$ 12,601	$ 12,756
Fair Value	12,650	12,761
Average Exposure Per Issuer (Fair Value)	$ 1,265	$ 1,276
General obligation bonds \| Texas
Securities
Number of issuers \| item	18	7
Amortized Cost	$ 12,117	$ 7,364
Fair Value	12,165	7,313
Average Exposure Per Issuer (Fair Value)	$ 676	$ 1,045
General obligation bonds \| Ohio
Securities
Number of issuers \| item	10	8
Amortized Cost	$ 10,723	$ 9,954
Fair Value	10,705	9,922
Average Exposure Per Issuer (Fair Value)	$ 1,071	$ 1,240
General obligation bonds \| Iowa
Securities
Number of issuers \| item	3	3
Amortized Cost	$ 5,550	$ 6,116
Fair Value	5,571	6,142
Average Exposure Per Issuer (Fair Value)	$ 1,857	$ 2,047
General obligation bonds \| Other
Securities
Number of issuers \| item	48	24
Amortized Cost	$ 26,938	$ 18,862
Fair Value	27,375	19,370
Average Exposure Per Issuer (Fair Value)	$ 570	$ 807
Revenue bonds
Securities
Number of issuers \| item	37	33
Amortized Cost	$ 34,403	$ 38,013
Fair Value	34,421	37,862
Average Exposure Per Issuer (Fair Value)	930	1,147
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 \| Indiana
Securities
Number of issuers \| item	9	4
Amortized Cost	$ 10,187	$ 6,772
Fair Value	10,173	6,708
Average Exposure Per Issuer (Fair Value)	$ 1,130	$ 1,677
Revenue bonds \| Illinois
Securities
Number of issuers \| item	7	8
Amortized Cost	$ 8,450	$ 12,520
Fair Value	8,478	12,469
Average Exposure Per Issuer (Fair Value)	$ 1,211	$ 1,559
Revenue bonds \| Other
Securities
Number of issuers \| item	21	21
Amortized Cost	$ 15,766	$ 18,721
Fair Value	15,770	18,685
Average Exposure Per Issuer (Fair Value)	751	890
Obligations of states and political subdivisions
Securities
Available for sale, fair value	178,612	220,161
Held to maturity, fair value	$ 49,250	$ 1,371
Number of issuers \| item	278	220
Total Capital for rated securities (as a percent)	100.00%
Total Capital for unrated securities (as a percent)	15.00%
Obligations of states and political subdivisions \| General obligation bonds
Securities
Available for sale, fair value	$ 178,600	$ 220,200
Held to maturity, fair value	49,300	1,400
Fair Value	$ 193,400	$ 183,700
Number of states in which investment is held \| item	29	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	$ 34,300	$ 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 - Geographic Distribution of Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) item mi	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Loans
Total gross loans	$ 2,637,090	$ 2,415,690
Less held for sale	9,351	10,400
Total loans before allowance for loan losses	2,627,739	2,405,290
Less allowance for loan losses	47,487	47,453	$ 47,567	$ 48,012
Net loans	2,580,252	2,357,837
Net deferred loan origination costs	$ 900	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
Loans and Leases Receivable, Impaired, Troubled Debt, Interest Income	$ 1,000
Illinois
Loans
Total gross loans	2,107,762	1,909,668
Florida
Loans
Total gross loans	307,886	313,152
Total loans before allowance for loan losses	306,996	312,528
Less allowance for loan losses	6,037	8,511	13,118	15,433
Indiana
Loans
Total gross loans	221,442	192,870
Commercial
Loans
Total gross loans	656,576	601,760
Commercial \| Illinois
Loans
Total gross loans	606,542	554,779
Commercial \| Florida
Loans
Total gross loans	16,141	16,739
Total loans before allowance for loan losses	16,141	16,739
Less allowance for loan losses	479	1,172	1,926	1,437
Commercial \| Indiana
Loans
Total gross loans	33,893	30,242
Commercial real estate
Loans
Total gross loans	1,208,429	1,104,151
Commercial real estate \| Illinois
Loans
Total gross loans	907,628	811,034
Commercial real estate \| Florida
Loans
Total gross loans	166,885	171,243
Total loans before allowance for loan losses	166,885	171,243
Less allowance for loan losses	3,106	4,205	5,733	6,062
Commercial real estate \| Indiana
Loans
Total gross loans	133,916	121,874
Real estate construction
Loans
Total gross loans	96,568	107,054
Real estate construction \| Illinois
Loans
Total gross loans	47,466	60,994
Real estate construction \| Florida
Loans
Total gross loans	15,032	17,950
Total loans before allowance for loan losses	15,032	17,950
Less allowance for loan losses	167	205	1,168	2,315
Real estate construction \| Indiana
Loans
Total gross loans	34,070	28,110
Retail real estate
Loans
Total gross loans	$ 660,542	592,473
Minimum term of long-term loans entity sells to secondary market purchasers	15 years
Maximum term of loans entity retains	15 years
Retail real estate \| Illinois
Loans
Total gross loans	$ 532,001	473,171
Retail real estate \| Florida
Loans
Total gross loans	108,978	106,658
Total loans before allowance for loan losses	108,088	106,034
Less allowance for loan losses	2,270	2,917	4,287	5,614
Retail real estate \| Indiana
Loans
Total gross loans	19,563	12,644
Retail other
Loans
Total gross loans	14,975	10,252
Retail other \| Illinois
Loans
Total gross loans	14,125	9,690
Retail other \| Florida
Loans
Total gross loans	850	562
Total loans before allowance for loan losses	850	562
Less allowance for loan losses	$ 15	$ 12	$ 4	$ 5

Loans - Risk Grading (Details) $ in Thousands	12 Months Ended
Loans - Risk Grading (Details) $ in Thousands	Dec. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($) item
Illinois/Indiana
Loans
Loans receivable		$ 5,299
Florida
Loans
Loans receivable		3,701
Grades 1, 3, 6 and 7
Loans
Loans receivable	$ 2,460,000
Increase or decrease in loans receivable		2,280,000
Grades 8, 9, and 10
Loans
Loans receivable	166,800
Increase or decrease in loans receivable		(124,000)
Grades 1,3,6
Loans
Loans receivable	2,308,716	2,133,254
Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	2,069,400	1,896,770
Grades 1,3,6 \| Florida
Loans
Loans receivable	239,316	236,484
Grade 7
Loans
Loans receivable	152,695	145,154
Grade 7 \| Illinois/Indiana
Loans
Loans receivable	119,805	107,843
Grade 7 \| Florida
Loans
Loans receivable	32,890	37,311
Grade 8
Loans
Loans receivable	107,933	66,605
Grade 8 \| Illinois/Indiana
Loans
Loans receivable	84,354	50,309
Grade 8 \| Florida
Loans
Loans receivable	23,579	16,296
Grade 9
Loans
Loans receivable	46,108	48,438
Grade 9 \| Illinois/Indiana
Loans
Loans receivable	35,928	29,702
Grade 9 \| Florida
Loans
Loans receivable	10,180	18,736
Grade 10
Loans
Loans receivable	12,748	9,000
Grade 10 \| Illinois/Indiana
Loans
Loans receivable	11,717
Grade 10 \| Florida
Loans
Loans receivable	1,031
Commercial
Loans
Limit where loans are processed through an expedited underwriting process	1,000
Limit above which loans are annually reviewed	$ 1,000
Commercial \| Illinois/Indiana
Loans
Loans receivable		$ 1,146
Weighted Avg. Risk Grade \| item	5.24	4.80
Commercial \| Florida
Loans
Loans receivable		$ 1,642
Weighted Avg. Risk Grade \| item	4.83	5.40
Commercial \| Grades 1,3,6
Loans
Limit where loans are processed through an expedited underwriting process	$ 350
Commercial \| Grades 1,3,6 \| Minimum
Loans
Limit where loans are processed through an expedited underwriting process	350
Commercial \| Grades 1,3,6 \| Maximum
Loans
Limit where loans are processed through an expedited underwriting process	1,000
Commercial \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	538,407	$ 542,796
Commercial \| Grades 1,3,6 \| Florida
Loans
Loans receivable	14,887	13,455
Commercial \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	57,348	27,032
Commercial \| Grade 7 \| Florida
Loans
Loans receivable	355	105
Commercial \| Grade 8
Loans
Limit above which loans are annually reviewed	1,000
Commercial \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	27,116	8,549
Commercial \| Grade 8 \| Florida
Loans
Loans receivable	26	78
Commercial \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	10,394	5,498
Commercial \| Grade 9 \| Florida
Loans
Loans receivable	572	1,459
Commercial \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	7,316
Commercial \| Grade 10 \| Florida
Loans
Loans receivable	$ 301
Commercial real estate \| Illinois/Indiana
Loans
Loans receivable		$ 2,685
Weighted Avg. Risk Grade \| item	5.72	5.67
Commercial real estate \| Florida
Loans
Loans receivable		$ 510
Weighted Avg. Risk Grade \| item	6.08	6.00
Commercial real estate \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 948,049	$ 819,708
Commercial real estate \| Grades 1,3,6 \| Florida
Loans
Loans receivable	120,519	123,807
Commercial real estate \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	37,463	64,975
Commercial real estate \| Grade 7 \| Florida
Loans
Loans receivable	20,775	25,520
Commercial real estate \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	34,504	25,719
Commercial real estate \| Grade 8 \| Florida
Loans
Loans receivable	16,914	6,002
Commercial real estate \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	21,275	19,821
Commercial real estate \| Grade 9 \| Florida
Loans
Loans receivable	8,506	15,404
Commercial real estate \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	1,325
Commercial real estate \| Grade 10 \| Florida
Loans
Loans receivable	$ 171
Real estate construction \| Illinois/Indiana
Loans
Loans receivable		$ 46
Weighted Avg. Risk Grade \| item	6.53	5.91
Real estate construction \| Florida
Loans
Loans receivable		$ 18
Weighted Avg. Risk Grade \| item	6.11	6.21
Real estate construction \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 51,309	$ 71,074
Real estate construction \| Grades 1,3,6 \| Florida
Loans
Loans receivable	13,975	16,475
Real estate construction \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	14,493	5,332
Real estate construction \| Grade 7 \| Florida
Loans
Loans receivable	560
Real estate construction \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	14,370	11,448
Real estate construction \| Grade 8 \| Florida
Loans
Loans receivable	385	615
Real estate construction \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	1,051	1,204
Real estate construction \| Grade 9 \| Florida
Loans
Loans receivable	106	842
Real estate construction \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	360
Real estate construction \| Grade 10 \| Florida
Loans
Loans receivable	$ 6
Retail real estate \| Illinois/Indiana
Loans
Loans receivable		$ 1,414
Weighted Avg. Risk Grade \| item	5.92	3.46
Retail real estate \| Florida
Loans
Loans receivable		$ 1,531
Weighted Avg. Risk Grade \| item	6.27	4.09
Retail real estate \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 518,308	$ 453,560
Retail real estate \| Grades 1,3,6 \| Florida
Loans
Loans receivable	89,090	82,185
Retail real estate \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	10,437	10,478
Retail real estate \| Grade 7 \| Florida
Loans
Loans receivable	11,200	11,686
Retail real estate \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	7,725	4,569
Retail real estate \| Grade 8 \| Florida
Loans
Loans receivable	6,249	9,601
Retail real estate \| Grade 9 \| Illinois/Indiana
Loans
Loans receivable	3,208	3,179
Retail real estate \| Grade 9 \| Florida
Loans
Loans receivable	996	1,031
Retail real estate \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	2,586
Retail real estate \| Grade 10 \| Florida
Loans
Loans receivable	$ 553
Retail other \| Illinois/Indiana
Loans
Loans receivable		$ 8
Weighted Avg. Risk Grade \| item	6.10	3.21
Retail other \| Florida
Loans
Weighted Avg. Risk Grade \| item	6.01	2.94
Retail other \| Grades 1,3,6 \| Illinois/Indiana
Loans
Loans receivable	$ 13,327	$ 9,632
Retail other \| Grades 1,3,6 \| Florida
Loans
Loans receivable	845	562
Retail other \| Grade 7 \| Illinois/Indiana
Loans
Loans receivable	64	26
Retail other \| Grade 8 \| Illinois/Indiana
Loans
Loans receivable	639	$ 24
Retail other \| Grade 8 \| Florida
Loans
Loans receivable	5
Retail other \| Grade 10 \| Illinois/Indiana
Loans
Loans receivable	$ 130

Loans - Aging (Details) $ in Thousands	12 Months Ended
Loans - Aging (Details) $ in Thousands	Dec. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Loans past due, still accruing
30-59 Days	$ 2,932	$ 1,586
60-89 Days	350	233
90+Days	15	10
Non-accrual Loans	12,748	9,000
Loans assessed for impairment if loans are above a particular limit and are of eighth grade	350
Amount of problem loans sold from HS portfolio, net of charge-offs	500	3,800
Gross interest income that would have been recorded if impaired loans had been current	$ 400	800	$ 1,300
Number of Primary Loan Lending Areas \| item	5
Restructured loan included in the non-performing loan	90 days
Restructured loans
Total loans	$ 9,473	12,992
Illinois/Indiana
Loans past due, still accruing
30-59 Days	2,932	1,586
60-89 Days	223	233
90+Days	15	10
Non-accrual Loans	11,717	5,299
Florida
Loans past due, still accruing
60-89 Days	127
Non-accrual Loans	1,031	3,701
In compliance with modified terms
Restructured loans
Total loans	8,770	11,866
30-89 days past due
Restructured loans
Total loans	60
Included in non-performing loans
Restructured loans
Total loans	643	1,126
Commercial \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	598	15
60-89 Days	35	105
90+Days	15
Non-accrual Loans	7,316	1,146
Commercial \| Florida
Loans past due, still accruing
60-89 Days	127
Non-accrual Loans	301	1,642
Commercial real estate \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	1,037	1,068
60-89 Days	27
90+Days		10
Non-accrual Loans	1,325	2,685
Commercial real estate \| Florida
Loans past due, still accruing
Non-accrual Loans	171	510
Real estate construction \| Illinois/Indiana
Loans past due, still accruing
Non-accrual Loans	360	46
Real estate construction \| Florida
Loans past due, still accruing
Non-accrual Loans	6	18
Retail real estate \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	1,278	488
60-89 Days	160	128
Non-accrual Loans	2,586	1,414
Retail real estate \| Florida
Loans past due, still accruing
Non-accrual Loans	553	1,531
Retail other \| Illinois/Indiana
Loans past due, still accruing
30-59 Days	19	15
60-89 Days	1
Non-accrual Loans	$ 130	$ 8

Loans - Impaired Loans (Details) $ in Thousands	3 Months Ended		12 Months Ended
Loans - Impaired Loans (Details) $ in Thousands	Dec. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($) item	Dec. 31, 2015 USD ($) item	Dec. 31, 2014 USD ($) item
Loans
Unpaid Contractual Principal Balance	$ 34,386	$ 30,124	$ 34,386	$ 30,124
Recorded Investment with No Allowance	19,551	21,289	19,551	21,289
Recorded Investment with Allowance	10,087	5,297	10,087	5,297
Total Recorded Investment	29,638	26,586	29,638	26,586
Related Allowance	$ 3,949	3,168	3,949	3,168
Average Recorded Investment			26,346	28,668
Minimum days past due for TDR loans to be classified as non-performing	90 days
Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	$ 20,755	9,799	20,755	9,799
Recorded Investment with No Allowance	8,259	4,927	8,259	4,927
Recorded Investment with Allowance	9,138	3,666	9,138	3,666
Total Recorded Investment	17,397	8,593	17,397	8,593
Related Allowance	3,904	2,641	3,904	2,641
Average Recorded Investment			11,000	13,284
Florida
Loans
Unpaid Contractual Principal Balance	13,631	20,325	13,631	20,325
Recorded Investment with No Allowance	11,292	16,362	11,292	16,362
Recorded Investment with Allowance	949	1,631	949	1,631
Total Recorded Investment	12,241	17,993	12,241	17,993
Related Allowance	45	527	45	527
Average Recorded Investment			15,346	15,384
Commercial \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	12,901	2,944	12,901	2,944
Recorded Investment with No Allowance	3,061	1,376	3,061	1,376
Recorded Investment with Allowance	8,238	741	8,238	741
Total Recorded Investment	11,299	2,117	11,299	2,117
Related Allowance	3,304	595	3,304	595
Average Recorded Investment			3,655	2,479
Commercial \| Florida
Loans
Unpaid Contractual Principal Balance	1,401	2,742	1,401	2,742
Recorded Investment with No Allowance	301	1,642	301	1,642
Total Recorded Investment	301	$ 1,642	301	1,642
Average Recorded Investment			$ 827	$ 330
Commercial \| In compliance with modified terms \| Illinois/Indiana
Loans
Number of modifications for short-term principal payment relief \| item		1	1	1
Recorded investment for short-term principal payment relief		$ 2,000	$ 200	$ 2,000
Commercial \| Included in non-performing loans \| Illinois/Indiana
Loans
Recorded Investment				300
Commercial \| Included in non-performing loans \| Florida
Loans
Recorded Investment			300
Commercial real estate \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	2,321	4,007	2,321	4,007
Recorded Investment with No Allowance	1,505	1,140	1,505	1,140
Recorded Investment with Allowance	419	2,854	419	2,854
Total Recorded Investment	1,924	3,994	1,924	3,994
Related Allowance	419	1,975	419	1,975
Average Recorded Investment			3,581	5,473
Commercial real estate \| Florida
Loans
Unpaid Contractual Principal Balance	3,544	5,775	3,544	5,775
Recorded Investment with No Allowance	2,513	4,414	2,513	4,414
Recorded Investment with Allowance	944	1,274	944	1,274
Total Recorded Investment	3,457	5,688	3,457	5,688
Related Allowance	40	370	40	370
Average Recorded Investment			5,119	$ 5,032
Commercial real estate \| Included in non-performing loans \| Illinois/Indiana
Loans
Number of contracts \| item				1
Real estate construction \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	1,003	46	1,003	$ 46
Recorded Investment with No Allowance	332		332
Recorded Investment with Allowance	29	46	29	46
Total Recorded Investment	361	46	361	46
Related Allowance	29	46	29	46
Average Recorded Investment			309	2,269
Real estate construction \| Florida
Loans
Unpaid Contractual Principal Balance	566	620	566	620
Recorded Investment with No Allowance	498	551	498	551
Total Recorded Investment	498	551	498	551
Average Recorded Investment			524	485
Retail real estate \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	4,263	2,794	4,263	2,794
Recorded Investment with No Allowance	3,128	2,403	3,128	2,403
Recorded Investment with Allowance	452	25	452	25
Total Recorded Investment	3,580	2,428	3,580	2,428
Related Allowance	152	25	152	25
Average Recorded Investment			3,200	3,061
Retail real estate \| Florida
Loans
Unpaid Contractual Principal Balance	8,115	11,181	8,115	11,181
Recorded Investment with No Allowance	7,980	9,755	7,980	9,755
Recorded Investment with Allowance		350		350
Total Recorded Investment	$ 7,980	10,105	7,980	10,105
Related Allowance		150		150
Average Recorded Investment			$ 8,870	9,532
Retail real estate \| In compliance with modified terms \| Illinois/Indiana
Loans
Number of modifications for short-term interest-rate relief \| item	1		1
Recorded investment for short-term interest-rate relief	$ 100		$ 100
Number of modifications for short-term principal payment relief \| item			3
Recorded investment for short-term principal payment relief			$ 300
Retail real estate \| In compliance with modified terms \| Florida
Loans
Number of modifications for short-term principal payment relief \| item			1
Recorded investment for short-term principal payment relief			$ 100
Retail real estate \| Included in non-performing loans \| Illinois/Indiana
Loans
Number of modifications for short-term principal payment relief \| item	1
Recorded investment for short-term principal payment relief	$ 200
Retail other \| Illinois/Indiana
Loans
Unpaid Contractual Principal Balance	267	8	267	8
Recorded Investment with No Allowance	233	8	233	8
Total Recorded Investment	233	8	233	8
Average Recorded Investment			255	2
Retail other \| Florida
Loans
Unpaid Contractual Principal Balance	5	7	5	7
Recorded Investment with Allowance	5	7	5	7
Total Recorded Investment	5	7	5	7
Related Allowance	$ 5	$ 7	5	7
Average Recorded Investment			$ 6	$ 5
Retail other \| In compliance with modified terms \| Illinois/Indiana
Loans
Number of modifications for short-term interest-rate relief \| item	1		1
Recorded investment for short-term interest-rate relief	$ 100		$ 100

Loans - Adverse Loan Grading (Details) - item	12 Months Ended
Loans - Adverse Loan Grading (Details) - item	Dec. 31, 2015	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
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 - Allowance for Loan Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Changes in allowance for loan losses
Beginning balance	$ 47,453	$ 47,567	$ 48,012
Provision for loan loss	1,600	2,000	7,500
Charged-off	(4,694)	(7,371)	(10,669)
Recoveries	3,128	5,257	2,724
Ending Balance	47,487	47,453	47,567
Amount allocated to:
Ending Balance	47,453	47,567	48,012	$ 47,487	$ 47,453
Loans:
Ending Balance				2,627,739	2,405,290
Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	38,942	34,449	32,579
Provision for loan loss	4,377	6,532	6,350
Charged-off	(4,329)	(5,519)	(6,235)
Recoveries	2,460	3,480	1,755
Ending Balance	41,450	38,942	34,449
Amount allocated to:
Loans individually evaluated for impairment				3,904	2,641
Loans collectively evaluated for impairment				37,546	36,301
Ending Balance	38,942	34,449	32,579	41,450	38,942
Loans:
Loans individually evaluated for impairment				16,689	8,593
Loans collectively evaluated for impairment				2,303,346	2,084,169
Ending Balance				2,320,743	2,092,762
Florida
Changes in allowance for loan losses
Beginning balance	8,511	13,118	15,433
Provision for loan loss	(2,777)	(4,532)	1,150
Charged-off	(365)	(1,852)	(4,434)
Recoveries	668	1,777	969
Ending Balance	6,037	8,511	13,118
Amount allocated to:
Loans individually evaluated for impairment				45	527
Loans collectively evaluated for impairment				5,992	7,984
Ending Balance	8,511	13,118	15,433	6,037	8,511
Loans:
Loans individually evaluated for impairment				12,241	17,993
Loans collectively evaluated for impairment				294,755	294,535
Ending Balance				306,996	312,528
Purchased Credit Impaired Loans \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment				708
Commercial \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	8,869	8,452	6,597
Provision for loan loss	4,837	1,048	2,681
Charged-off	(1,333)	(864)	(964)
Recoveries	263	233	138
Ending Balance	12,636	8,869	8,452
Amount allocated to:
Loans individually evaluated for impairment				3,304	595
Loans collectively evaluated for impairment				9,332	8,274
Ending Balance	8,869	8,452	6,597	12,636	8,869
Loans:
Loans individually evaluated for impairment				11,299	2,117
Loans collectively evaluated for impairment				629,136	582,904
Ending Balance				640,435	585,021
Commercial \| Florida
Changes in allowance for loan losses
Beginning balance	1,172	1,926	1,437
Provision for loan loss	(821)	195	414
Charged-off		(1,126)
Recoveries	128	177	75
Ending Balance	479	1,172	1,926
Amount allocated to:
Loans collectively evaluated for impairment				479	1,172
Ending Balance	1,172	1,926	1,437	479	1,172
Loans:
Loans individually evaluated for impairment				301	1,642
Loans collectively evaluated for impairment				15,840	15,097
Ending Balance				16,141	16,739
Commercial real estate \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	16,434	16,379	15,023
Provision for loan loss	(753)	(880)	2,143
Charged-off	(1,452)	(1,173)	(1,361)
Recoveries	1,269	2,108	574
Ending Balance	15,498	16,434	16,379
Amount allocated to:
Loans individually evaluated for impairment				419	1,975
Loans collectively evaluated for impairment				15,079	14,459
Ending Balance	16,434	16,379	15,023	15,498	16,434
Loans:
Loans individually evaluated for impairment				1,548	3,994
Loans collectively evaluated for impairment				1,039,620	928,914
Ending Balance				1,041,544	932,908
Commercial real estate \| Florida
Changes in allowance for loan losses
Beginning balance	4,205	5,733	6,062
Provision for loan loss	(1,311)	(1,799)	2,225
Charged-off	(10)		(2,543)
Recoveries	222	271
Recoveries			(11)
Ending Balance	3,106	4,205	5,733
Amount allocated to:
Loans individually evaluated for impairment				40	370
Loans collectively evaluated for impairment				3,066	3,835
Ending Balance	4,205	5,733	6,062	3,106	4,205
Loans:
Loans individually evaluated for impairment				3,457	5,688
Loans collectively evaluated for impairment				163,428	165,555
Ending Balance				166,885	171,243
Commercial real estate \| Purchased Credit Impaired Loans \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment				376
Real estate construction \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	2,590	2,540	2,527
Provision for loan loss	(1,233)	90	847
Charged-off		(657)	(1,212)
Recoveries	239	617	378
Ending Balance	1,596	2,590	2,540
Amount allocated to:
Loans individually evaluated for impairment				29	46
Loans collectively evaluated for impairment				1,567	2,544
Ending Balance	2,590	2,540	2,527	1,596	2,590
Loans:
Loans individually evaluated for impairment				29	46
Loans collectively evaluated for impairment				81,175	89,058
Ending Balance				81,536	89,104
Real estate construction \| Florida
Changes in allowance for loan losses
Beginning balance	205	1,168	2,315
Provision for loan loss	(83)	(1,889)	(1,419)
Charged-off		(69)	(56)
Recoveries	45	995	328
Ending Balance	167	205	1,168
Amount allocated to:
Loans collectively evaluated for impairment				167	205
Ending Balance	205	1,168	2,315	167	205
Loans:
Loans individually evaluated for impairment				498	551
Loans collectively evaluated for impairment				14,534	17,399
Ending Balance				15,032	17,950
Real estate construction \| Purchased Credit Impaired Loans \| Illinois/Indiana
Loans:
Loans collectively evaluated for impairment				332
Retail real estate \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	10,745	6,862	8,110
Provision for loan loss	1,375	5,942	616
Charged-off	(1,180)	(2,396)	(2,187)
Recoveries	504	337	323
Ending Balance	11,444	10,745	6,862
Amount allocated to:
Loans individually evaluated for impairment				152	25
Loans collectively evaluated for impairment				11,292	10,720
Ending Balance	10,745	6,862	8,110	11,444	10,745
Loans:
Loans individually evaluated for impairment				3,580	2,428
Loans collectively evaluated for impairment				539,523	473,611
Ending Balance				543,103	476,039
Retail real estate \| Florida
Changes in allowance for loan losses
Beginning balance	2,917	4,287	5,614
Provision for loan loss	(518)	(1,021)	(51)
Charged-off	(354)	(656)	(1,828)
Recoveries	225	307	552
Ending Balance	2,270	2,917	4,287
Amount allocated to:
Loans individually evaluated for impairment					150
Loans collectively evaluated for impairment				2,270	2,767
Ending Balance	2,917	4,287	5,614	2,270	2,917
Loans:
Loans individually evaluated for impairment				7,980	10,105
Loans collectively evaluated for impairment				100,108	95,929
Ending Balance				108,088	106,034
Retail other \| Illinois/Indiana
Changes in allowance for loan losses
Beginning balance	304	216	322
Provision for loan loss	151	332	63
Charged-off	(364)	(429)	(511)
Recoveries	185	185	342
Ending Balance	276	304	216
Amount allocated to:
Loans collectively evaluated for impairment				276	304
Ending Balance	304	216	322	276	304
Loans:
Loans individually evaluated for impairment				233	8
Loans collectively evaluated for impairment				13,892	9,682
Ending Balance				14,125	9,690
Retail other \| Florida
Changes in allowance for loan losses
Beginning balance	12	4	5
Provision for loan loss	(44)	(18)	(19)
Charged-off	(1)	(1)	(7)
Recoveries	48	27	25
Ending Balance	15	12	4
Amount allocated to:
Loans individually evaluated for impairment				5	7
Loans collectively evaluated for impairment				10	5
Ending Balance	$ 12	$ 4	$ 5	15	12
Loans:
Loans individually evaluated for impairment				5	7
Loans collectively evaluated for impairment				845	555
Ending Balance				$ 850	$ 562

OREO (Details) - USD ($) $ in Thousands	12 Months Ended
OREO (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Foreclosed Real Estate
Other repossessed assets		$ 200
OREO:
Other Real Estate, Beginning Balance	$ 216	2,133
Additions, transfers from loans	1,251	660	$ 2,068
Additions, fair value from Herget Financial acquisition	284
Proceeds from sales of OREO	(1,090)	(2,739)	(3,645)
Gain on sales of OREO	122	162
Other Real Estate, Ending Balance	783	$ 216	$ 2,133
Commercial real estate
Foreclosed Real Estate
Other real estate owned (OREO)	500
Residential
Foreclosed Real Estate
Other real estate owned (OREO)	300
Residential real estate in the process of foreclosure	$ 900

Loan Servicing (Details) - USD ($) $ in Thousands	12 Months Ended
Loan Servicing (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loan Servicing
Unpaid principal balances of loans serviced by the entity for the benefit of others	$ 1,460,000	$ 1,390,000
Capitalized servicing rights included in other assets	3,500	3,900
Fair values of servicing rights	5,900	5,200
Mortgage servicing rights capitalized and amortized
Mortgage servicing rights capitalized	1,361	983	$ 2,490
Mortgage servicing rights amortized	$ 2,146	$ 2,228	$ 2,650

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Premises and Equipment
Premises and equipment, gross	$ 120,259	$ 116,371
Less accumulated depreciation	57,171	52,397
Total premises and equipment	63,088	63,974
Depreciation expense	5,700	5,600	$ 5,500
Land and improvements
Premises and Equipment
Premises and equipment, gross	21,950	21,559
Buildings and improvements
Premises and Equipment
Premises and equipment, gross	64,270	62,794
Furniture and equipment
Premises and Equipment
Premises and equipment, gross	$ 34,039	$ 32,018

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) segment	Dec. 31, 2014 USD ($)	Jan. 08, 2015 USD ($)
Goodwill and other intangibles assets
Number of operating segments \| segment	3
Changes in the carrying amount of goodwill		$ 0
Total goodwill	$ 25,510	20,686
Herget Financial and Herget Bank
Goodwill and other intangibles assets
Total goodwill	4,800		$ 4,824
Other intangible assets	3,900
Banking
Goodwill and other intangibles assets
Total goodwill	4,824
Remittance Processing
Goodwill and other intangibles assets
Total goodwill	8,992	8,992
Wealth Management
Goodwill and other intangibles assets
Total goodwill	$ 11,694	$ 11,694

Goodwill and Other Intangible Assets - Amortized Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Amortized intangible assets:
Balance at the beginning of period	$ 6,687
Amortization	3,192	$ 2,884	$ 3,132
Balance at the end of period	7,432	6,687
Core deposit intangible assets
Amortized intangible assets:
Balance at the beginning of period	4,254
Amortization	2,060	1,870
Balance at the end of period	$ 5,231	4,254
Core deposit intangible assets \| Maximum
Goodwill and other intangibles assets
Intangible asset estimated period	10 years
Customer relationship intangible assets
Amortized intangible assets:
Balance at the beginning of period	$ 2,433
Amortization	1,132	1,014
Balance at the end of period	$ 2,201	$ 2,433

Goodwill and Other Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Goodwill and other intangibles assets
Net carrying amount	$ 7,432	$ 6,687
Estimated amortization expense:
Net carrying amount	7,432	6,687
Core deposit intangible assets
Goodwill and other intangibles assets
Gross carrying amount	22,999
Accumulated amortization	17,768
Net carrying amount	5,231	4,254
Estimated amortization expense:
2016	1,986
2017	1,226
2018	326
2019	316
2020	304
Thereafter	1,073
Net carrying amount	5,231	4,254
Customer relationship intangible assets
Goodwill and other intangibles assets
Gross carrying amount	12,220
Accumulated amortization	10,019
Net carrying amount	2,201	2,433
Estimated amortization expense:
2016	1,077
2017	663
2018	115
2019	99
2020	82
Thereafter	165
Net carrying amount	$ 2,201	$ 2,433

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deposits
Demand deposits, noninterest-bearing	$ 881,685	$ 666,607
Interest-bearing transaction deposits	72,685	67,774
Savings deposits	242,708	210,673
Money market deposits	1,633,977	1,459,723
Time deposits	458,051	496,071
Total deposits	3,289,106	2,900,848
Reciprocal transaction deposits	7,800
Time deposits minimum denomination of $100,000 or more	128,100	138,400
Time deposits minimum denomination of $250,000 or more	23,200	24,400
Brokered and National included in the balance of time deposits	400	500
Reciprocal time deposits	400
Deposits
2016	285,381
2017	98,672
2018	42,113
2019	17,958
2020	13,425
Thereafter	502
Total	$ 458,051	$ 496,071

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
Federal Funds Purchased	$ 0	$ 0
Maximum maturity period of securities sold under agreements to repurchase	1 year
Balance	$ 172,972	$ 198,893
Weighted average interest rate at end of period (as a percent)	0.18%	0.14%
Maximum outstanding at any month end	$ 202,376	$ 198,893
Average daily balance	$ 179,662	$ 148,452
Weighted average interest rate during period (as a percent)	0.10%	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

Short-term Borrowings (Details) - Line of Credit - USD ($) $ in Millions	Nov. 20, 2015	Dec. 31, 2015	Dec. 31, 2014
Short-term borrowings
Maximum borrowing capacity	$ 20.0
Debt Instrument, Basis Spread on Variable Rate	2.50%
Outstanding amounts		$ 0.0	$ 0.0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Long-term Debt (Details) - USD ($) $ in Thousands	12 Months Ended
Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Long-term debt
Long-term debt	$ 80,000	$ 50,000
Notes payable, Federal Home Loan Bank of Chicago
Long-term debt
Long-term debt	$ 80,000	$ 50,000
Interest rate, minimum (as a percent)	0.10%	0.07%
Interest rate, maximum (as a percent)	0.28%	0.13%
Weighted average rate (as a percent)	0.15%	0.09%
Notes payable, Federal Home Loan Bank of Chicago \| Minimum
Long-term debt
Notes payable maturity date	19 months	19 months
Notes payable, Federal Home Loan Bank of Chicago \| Maximum
Long-term debt
Notes payable maturity date	10 years	10 years

Junior Subordinated Debt Owed to Unconsolidated Trusts (Details)	12 Months Ended
	Dec. 31, 2015 USD ($)
Junior subordinated debt owed to unconsolidated trusts
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	$ 15,000,000,000
Trust Preferred Securities
Junior subordinated debt owed to unconsolidated trusts
Percentage limit on inclusion of qualifying trust preferred securities in Tier I Capital	25.00%
Trust preferred securities qualified as Tier I capital (as a percent)	100.00%
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	$ 15,000,000,000
First Busey Statutory Trust II
Junior subordinated debt owed to unconsolidated trusts
Distribution dates	Quarterly
First Busey Statutory Trust II \| Trust Preferred Securities
Junior subordinated debt owed to unconsolidated trusts
Face value	$ 15,000,000
Base rate	3-mo LIBOR
Annual distribution rate margin (as a percent)	2.65%
First Busey Statutory Trust III
Junior subordinated debt owed to unconsolidated trusts
Distribution dates	Quarterly
First Busey Statutory Trust III \| Trust Preferred Securities
Junior subordinated debt owed to unconsolidated trusts
Face value	$ 10,000,000
Base rate	3-mo LIBOR
Annual distribution rate margin (as a percent)	1.75%
First Busey Statutory Trust IV
Junior subordinated debt owed to unconsolidated trusts
Distribution dates	Quarterly
First Busey Statutory Trust IV \| Trust Preferred Securities
Junior subordinated debt owed to unconsolidated trusts
Face value	$ 30,000,000
Base rate	3-mo LIBOR
Annual distribution rate margin (as a percent)	1.55%
Junior Subordinated Notes \| Trust Preferred Securities
Junior subordinated debt owed to unconsolidated trusts
Maximum period to defer payment of interest on the notes and, therefore, distributions on the trust preferred securities	5 years
Junior Subordinated Notes \| First Busey Statutory Trust II
Junior subordinated debt owed to unconsolidated trusts
Principal balance	$ 15,000,000
Base rate	3-mo LIBOR
Interest rate margin (as a percent)	2.65%
Junior Subordinated Notes \| First Busey Statutory Trust III
Junior subordinated debt owed to unconsolidated trusts
Principal balance	$ 10,000,000
Base rate	3-mo LIBOR
Interest rate margin (as a percent)	1.75%
Junior Subordinated Notes \| First Busey Statutory Trust IV
Junior subordinated debt owed to unconsolidated trusts
Principal balance	$ 30,000,000
Base rate	3-mo LIBOR
Interest rate margin (as a percent)	1.55%

Capital - Redemption of Preferred Stock (Details) - USD ($)	Dec. 18, 2015	Aug. 25, 2011	Dec. 31, 2015	Dec. 31, 2014
Capital
Preferred stock, liquidation value (in dollars per share)			$ 1,000.00	$ 1,000.00
Number of shares of common stock that can be purchased by exercise of warrants		382,555
Percentage reduction in the number of shares of common stock that can be purchased by exercise of warrants		50.00%
Number of shares of common stock that can be purchased by exercise of warrants, after reduction		191,278
Warrants outstanding (in shares)			191,278
Excercise price (in dollars per share)			$ 39.21
Series C Preferred stock
Capital
Shares issued		72,664
Preferred stock, liquidation value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock redeemed during period (in shares)	72,664
Aggregate proceeds from issuance of shares		$ 72,664,000

Capital - Regulatory Capital (Details) - USD ($) $ in Thousands				1 Months Ended
	Dec. 08, 2015	Oct. 22, 2014	Jan. 22, 2013	Jul. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Total Capital (to Risk Weighted Assets), Amount
Actual					$ 431,689	$ 488,908
Minimum Capital Requirement					237,404	209,554
Minimum To Be Well Capitalized					$ 296,754	$ 261,942
Total Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)					14.55%	18.66%
Minimum Capital Requirement (as a percent)					8.00%	8.00%
Minimum To Be Well Capitalized (as a percent)					10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets), Amount
Actual					$ 394,240	$ 455,354
Minimum Capital Requirement					178,053	104,777
Minimum To Be Well Capitalized					$ 237,404	$ 157,166
Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)					13.29%	17.38%
Minimum Capital Requirement (as a percent)					6.00%	4.00%
Minimum To Be Well Capitalized (as a percent)					8.00%	6.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Amount
Actual					$ 341,828
Minimum Capital Requirement					133,540
Minimum To Be Well Capitalized					$ 192,890
Common Equity Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)					11.52%
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					$ 394,240	$ 455,354
Minimum Capital Requirement					$ 155,653	$ 142,401
Tier 1 Capital (to Average Assets), Ratio
Actual (as a percent)					10.13%	12.79%
Minimum Capital Requirement (as a percent)					4.00%	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 Capital Requirement (as a percent)				10.00%
Tier 1 Capital (to Risk Weighted Assets), Ratio
Minimum Capital Requirement (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 size of bank holding companies potentially unaffected by certain Tier 1 capital restrictions					$ 15,000,000
Busey Bank
Regulatory Capital
Distribution received through chartered amendment	$ 60,000	$ 60,000	$ 50,000
Total Capital (to Risk Weighted Assets), Amount
Actual					396,428	$ 388,479
Minimum Capital Requirement					235,741	207,991
Minimum To Be Well Capitalized					$ 294,676	$ 259,988
Total Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)					13.45%	14.94%
Minimum Capital Requirement (as a percent)					8.00%	8.00%
Minimum To Be Well Capitalized (as a percent)					10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets), Amount
Actual					$ 359,228	$ 355,166
Minimum Capital Requirement					176,806	103,996
Minimum To Be Well Capitalized					$ 235,741	$ 155,993
Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)					12.19%	13.66%
Minimum Capital Requirement (as a percent)					6.00%	4.00%
Minimum To Be Well Capitalized (as a percent)					8.00%	6.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Amount
Actual					$ 359,228
Minimum Capital Requirement					132,604
Minimum To Be Well Capitalized					$ 191,540
Common Equity Tier 1 Capital (to Risk Weighted Assets), Ratio
Actual (as a percent)					12.19%
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					$ 359,228	$ 355,166
Minimum Capital Requirement					154,145	140,677
Minimum To Be Well Capitalized					$ 192,681	$ 175,846
Tier 1 Capital (to Average Assets), Ratio
Actual (as a percent)					9.32%	10.10%
Minimum Capital Requirement (as a percent)					4.00%	4.00%
Minimum To Be Well Capitalized (as a percent)					5.00%	5.00%
Common equity Tier 1 Risk Based Capital to be well capitalized percentage					6.50%

Income Taxes (Details) - USD ($)	3 Months Ended								12 Months Ended
Income Taxes (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating loss carryforwards
Net operating loss carryforwards	$ 4,314,000				$ 8,333,000				$ 4,314,000	$ 8,333,000
Components of income taxes
Current									17,839,000	4,830,000	$ 4,020,000
Deferred									2,857,000	12,704,000	10,091,000
Total income tax expense	5,868,000	$ 5,408,000	$ 5,593,000	$ 3,827,000	4,763,000	$ 4,708,000	$ 4,025,000	$ 4,038,000	$ 20,696,000	$ 17,534,000	$ 14,111,000
Reconciliation of federal and state income taxes at statutory rates to the income taxes included in the statements of operations
Income tax at statutory rate (as a percent)									35.00%	35.00%	35.00%
Tax-exempt interest, net (as a percent)									(2.30%)	(2.60%)	(3.50%)
State income taxes, net (as a percent)									4.20%	5.70%	4.50%
Income on bank owned life insurance (as a percent)									(1.20%)	(1.00%)	(0.90%)
Other, net (as a percent)									(1.00%)	(2.20%)	(2.20%)
Total (as a percent)									34.70%	34.90%	32.90%
Deferred tax assets:
Allowance for loan losses	18,939,000				18,904,000				$ 18,939,000	$ 18,904,000
Stock-based compensation	1,461,000				1,472,000				1,461,000	1,472,000
Deferred compensation	2,189,000				2,057,000				2,189,000	2,057,000
Affordable housing partnerships and other investments	2,454,000								2,454,000
Purchase accounting adjustments	1,308,000								1,308,000
Accrued vacation	579,000				527,000				579,000	527,000
Employee costs	703,000				656,000				703,000	656,000
Other	699,000				2,592,000				699,000	2,592,000
Total	28,332,000				26,208,000				28,332,000	26,208,000
Valuation allowance required for other deferred tax assets	0				0				0	0
Investment securities:
Unrealized gains on securities available for sale	(1,563,000)				(3,884,000)				(1,563,000)	(3,884,000)
Other, net	(641,000)				(548,000)				(641,000)	(548,000)
Basis in premises and equipment	(1,887,000)				(2,012,000)				(1,887,000)	(2,012,000)
Affordable housing partnerships and other investments	1,560,000				1,449,000				1,560,000	1,449,000
Purchase accounting adjustments	(645,000)								(645,000)
Mortgage servicing assets	(1,386,000)				(1,549,000)				(1,386,000)	(1,549,000)
Basis in core deposit and customer intangible assets	(2,967,000)				(2,669,000)				(2,967,000)	(2,669,000)
Deferred loan origination costs	(359,000)				(257,000)				(359,000)	(257,000)
Deferred tax liabilities	(11,008,000)				(12,368,000)				(11,008,000)	(12,368,000)
Net deferred tax assets	21,638,000				22,173,000				21,638,000	22,173,000
Florida
Operating loss carryforwards
Net operating loss carryforwards	600,000								600,000
Valuation allowance	600,000								600,000
Indiana and Florida
Operating loss carryforwards
Net operating loss carryforwards					1,000,000					1,000,000
Valuation allowance					1,000,000					1,000,000
Illinois
Operating loss carryforwards
Net operating loss carryforwards	4,314,000				8,300,000				4,314,000	8,300,000
Pre-tax operating loss carryforwards	$ 59,000,000				$ 114,000,000				$ 59,000,000	$ 114,000,000

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employees' Stock Ownership Plan
Number of allocated shares acquired prior to December 31, 1992	144,641	159,918
Associated fair values of allocated shares acquired prior to December 31, 1992	$ 3,000	$ 3,100
Shares
Allocated shares	50,989	57,329
Fair Value
Allocated shares, Fair Value	$ 1,100	$ 1,100
Profit Sharing Plan
Vesting period	5 years
Expenses related to employee benefit plans
Total employee benefits	$ 2,584	2,636	$ 2,975
Deferred compensation plans for deferral of performance bonuses
Deferred compensation expense	300	300	200
Deferred compensation liability	$ 5,500	$ 5,100	$ 4,800

Stock Incentive Plans (Details) - USD ($)			3 Months Ended	12 Months Ended
Stock Incentive Plans (Details) - USD ($)	Jun. 25, 2015	May 19, 2010	Sep. 30, 2015	Dec. 31, 2015	Feb. 03, 2015	Dec. 31, 2014
Stock Incentive Plans
Maximum number of shares that may be delivered to participants				1,333,333
Period from effective date after which no awards may be granted		10 years
Common stock shares held in treasury				732,887		475,441
Shares authorized for repurchase under stock repurchase plan					666,667
Treasury stock purchased			333,333	333,333
Number of shares that may yet be purchased				333,334
RSU
Stock Incentive Plans
Number of shares of common stock per award				1
Minimum \| RSU
Stock Incentive Plans
Requisite service period				1 year
Minimum \| DSUs
Stock Incentive Plans
Vesting period				12 months
Maximum \| Options and SARs
Stock Incentive Plans
Shares available for grant during any calendar year				133,333
Maximum \| Stock awards
Stock Incentive Plans
Shares available for grant during any calendar year				66,667
Maximum \| Cash incentive awards and cash-settled stock awards
Stock Incentive Plans
Amount of award payable with respect to any calendar year				$ 1,000,000
Maximum \| RSU
Stock Incentive Plans
Requisite service period				5 years
Directors \| DSUs
Stock Incentive Plans
Number of shares of common stock per award				1
Requisite service period	1 year
Settlement period				30 days

Stock Incentive Plans - Award Status (Details) - Stock option awards - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Shares
Outstanding at beginning of year (in shares)	170,026	232,109	285,805
Forfeited (in shares)	(517)	(8,267)	(1,550)
Expired (in shares)	(72,941)	(53,816)	(52,146)
Outstanding at end of period (in shares)	96,568	170,026	232,109
Exercisable at end of period (in shares)	96,568	170,026	232,109
Weighted-Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 48.99	$ 51.66	$ 51.03
Forfeited (in dollars per share)	58.23	57.75	58.23
Expired (in dollars per share)	55.99	59.22	48.00
Outstanding at end of period (in dollars per share)	43.64	48.99	51.66
Exercisable at end of period (in dollars per share)	$ 43.64	$ 48.99	$ 51.66

Stock Incentive Plans - Options Outstanding (Details) - Stock option awards	12 Months Ended
	Dec. 31, 2015 USD ($) $ / shares shares
Options Outstanding
Number (in shares) \| shares	96,568
Weighted-Average Exercise Price (in dollars per share)	$ 43.64
Weighted-Average Remaining Contractual Life	1 year 8 months 12 days
Intrinsic Value (in dollars) \| $	$ 125
Options Exercisable
Number (in shares) \| shares	96,568
Intrinsic Value (in dollars) \| $	$ 125,000
Unrecognized stock option expense \| $	$ 0
$ 13.47-22.59
Range of Exercise Prices
Low end of the range (in dollars per share)	$ 13.47
High end of the range (in dollars per share)	$ 22.59
Options Outstanding
Number (in shares) \| shares	35,000
Weighted-Average Exercise Price (in dollars per share)	$ 18.03
Weighted-Average Remaining Contractual Life	4 years
Options Exercisable
Number (in shares) \| shares	35,000
$ 58.05-58.23
Range of Exercise Prices
Low end of the range (in dollars per share)	$ 58.05
High end of the range (in dollars per share)	$ 58.23
Options Outstanding
Number (in shares) \| shares	61,568
Weighted-Average Exercise Price (in dollars per share)	$ 58.20
Weighted-Average Remaining Contractual Life	4 months 21 days
Options Exercisable
Number (in shares) \| shares	61,568

Stock Incentive Plans - Restricted and Deferred Stock Units (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Jun. 25, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Weighted-Average Grant Date Fair Value
Issuance of treasury shares in conjunction with units vested		59,983	6,206	37,004
Additional disclosures
Amount of compensation cost to be recognized associated with grant		$ 4.4
Compensation expense recognized		$ 1.4	$ 1.2	$ 1.1
Period over which cost will be recognized		3 years 6 months
RSU
Shares
Non-vested at beginning of year (in shares)		394,624	306,643	245,471
Reclass to DSUs			(1,653)
Granted (in shares)		108,945	101,426	117,151
Dividend equivalents earned (in shares)		13,089	11,722	5,737
Vested (in shares)		(73,777)	(8,811)	(52,265)
Forfeited (in shares)		(17,951)	(14,703)	(9,451)
Non-vested at end of period (in shares)		424,930	394,624	306,643
Weighted-Average Grant Date Fair Value
Non-vested at beginning of year (in dollars per share)		$ 15.67	$ 14.91	$ 14.76
Reclass to DSUs			15.12
Granted (in dollars per share)		20.07	17.52	15.06
Dividend equivalents earned (in dollars per share)		19.31	16.86	14.58
Vested (in dollars per share)		14.48	14.46	14.52
Forfeited (in dollars per share)		16.21	14.19	15.42
Non-vested at end of period (in dollars per share)		$ 17.10	$ 15.67	$ 14.91
Issuance of treasury shares in conjunction with units vested		59,983	6,206
Additional disclosures
Compensation expense recognized		$ 0.0
RSU \| Members of management
Shares
Granted (in shares)	108,945
Additional disclosures
Stock price (in dollars per share)	$ 20.07
Amount of compensation cost to be recognized associated with grant	$ 2.2
Vesting rights of shares granted (as a percent)	100.00%
Period over which cost will be recognized	5 years
DSUs \| Directors
Shares
Non-vested at beginning of year (in shares)		18,581	9,685	10,997
Reclass from RSUs			1,653
Granted (in shares)	12,667	17,899	16,566	9,600
Dividend equivalents earned (in shares)		1,872	1,347	545
Vested (in shares)		(13,589)	(10,670)	(11,457)
Non-vested at end of period (in shares)		24,763	18,581	9,685
Outstanding at end of period (in shares)		68,456	48,686	29,119
Weighted-Average Grant Date Fair Value
Non-vested at beginning of year (in dollars per share)		$ 17.31	$ 15.15	$ 14.31
Reclass from RSUs			15.12
Granted (in dollars per share)		20.07	17.52	15.12
Dividend equivalents earned (in dollars per share)		19.40	16.89	15.09
Vested (in dollars per share)		17.69	15.30	14.31
Non-vested at end of period (in dollars per share)		19.25	17.31	15.15
Outstanding at end of period (in dollars per share)		$ 17.16	$ 16.02	$ 15.18
Additional disclosures
Stock price (in dollars per share)	$ 20.07
Amount of compensation cost to be recognized associated with grant	$ 0.3
DSUs \| Chairman
Shares
Granted (in shares)	5,232
Weighted-Average Grant Date Fair Value
Granted (in dollars per share)	$ 20.07
Additional disclosures
Amount of compensation cost to be recognized associated with grant	$ 0.1
Vesting rights of shares granted (as a percent)	100.00%
Period over which cost will be recognized	5 years

Transactions with Related Parties (Details) $ in Thousands	12 Months Ended
Transactions with Related Parties (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Analysis of the changes in loans to related parties
Balance at beginning of year	$ 57,567
New loans/ advances	19,684
Repayments	(19,931)
Other	(195)
Balance at end of year	57,125
Directors and executive officers
Analysis of the changes in loans to related parties
Total unused commitments	$ 25,600

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Credit Commitments and Contingencies
Liabilities for potential obligations under guarantees	$ 0	$ 0
Lease Commitments
Rent expense under operating leases	1,500	1,500	$ 1,600
Projected minimum rental payments under the terms of leases
2016	895
2017	726
2018	348
2019	231
2020	170
Total	2,370
Commitments to extend credit
Credit Commitments and Contingencies
Financial instruments whose contract amounts represent credit risk	618,551	561,439
Standby letters of credit
Credit Commitments and Contingencies
Financial instruments whose contract amounts represent credit risk	$ 15,325	$ 20,466
Maximum
Credit Commitments and Contingencies
Term for guarantee	1 year

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Derivative Financial Instruments
Foreign loan balance, gross	$ 1,800	$ 1,800
Foreign currency forward contracts \| Not designated as hedging
Derivative Financial Instruments
Notional amount	3,466	1,781
Foreign currency forward contracts \| Not designated as hedging \| Other assets.
Derivative Financial Instruments
Estimated fair value	4	$ 15
Foreign currency forward contracts \| Not designated as hedging \| Other liabilities.
Derivative Financial Instruments
Estimated fair value	$ 2

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial assets and financial liabilities measured at fair value
Securities available for sale	$ 834,838	$ 759,065
Transfers between levels of fair value hierarchy	0
Foreign currency forward contracts
Financial assets and financial liabilities measured at fair value
Derivative liabilities	2
U.S. Treasury securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	65,191	50,606
Obligations of U.S. government corporations and agencies
Financial assets and financial liabilities measured at fair value
Securities available for sale	132,605	167,010
Obligations of states and political subdivisions
Financial assets and financial liabilities measured at fair value
Securities available for sale	178,612	220,161
Residential mortgage-backed Securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	307,549	235,636
Corporate debt securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	148,805	79,307
Mutual funds and other equity securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	2,076	6,345
Recurring basis \| Foreign currency forward contracts
Financial assets and financial liabilities measured at fair value
Derivative assets	4	15
Recurring basis \| U.S. Treasury securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	65,191	50,606
Recurring basis \| Obligations of U.S. government corporations and agencies
Financial assets and financial liabilities measured at fair value
Securities available for sale	132,605	167,010
Recurring basis \| Obligations of states and political subdivisions
Financial assets and financial liabilities measured at fair value
Securities available for sale	178,612	220,161
Recurring basis \| Residential mortgage-backed Securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	307,549	235,636
Recurring basis \| Corporate debt securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	148,805	79,307
Recurring basis \| Mutual funds and other equity securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	2,076	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	2,076	6,345
Recurring basis \| Level 2 \| Foreign currency forward contracts
Financial assets and financial liabilities measured at fair value
Derivative assets	4	15
Derivative liabilities	2
Recurring basis \| Level 2 \| U.S. Treasury securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	65,191	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	132,605	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	178,612	220,161
Recurring basis \| Level 2 \| Residential mortgage-backed Securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	307,549	235,636
Recurring basis \| Level 2 \| Corporate debt securities
Financial assets and financial liabilities measured at fair value
Securities available for sale	$ 148,805	$ 79,307

Fair Value Measurements - Additional Quantitative Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Quantitative Information about Level 3 Fair Value Measurements
Impaired loans	$ 29,638	$ 26,586
Non-recurring basis
Quantitative Information about Level 3 Fair Value Measurements
Impaired loans	6,138	2,129
Non-recurring basis \| Level 3
Quantitative Information about Level 3 Fair Value Measurements
Impaired loans	6,138	2,129
Non-recurring basis \| Level 3 \| Appraisal of collateral \| Impaired loans
Quantitative Information about Level 3 Fair Value Measurements
Impaired loans	$ 6,138	$ 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)	(4.30%)	(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)	(30.90%)	(54.30%)
Non-recurring basis \| Level 3 \| Appraisal of collateral \| OREO \| Minimum
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 \| OREO \| Weighted Average
Quantitative Information about Level 3 Fair Value Measurements
Appraisal adjustments (as a percent)	(100.00%)	(100.00%)

Fair Value Measurements - By Level of Valuation Inputs (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and due from banks	$ 319,280	$ 339,438
Securities held to maturity	50,271	2,425
Loans, net	2,580,252	2,357,837
Financial liabilities:
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Carrying Amount \| Level 1
Financial assets:
Cash and due from banks	319,280
Carrying Amount \| Level 2
Financial assets:
Cash and due from banks		339,438
Securities held to maturity	49,832	2,373
Loans held for sale	9,351	10,400
Accrued interest receivable	12,122	11,187
Financial liabilities:
Deposits	3,289,106	2,900,848
Securities sold under agreements to repurchase	172,972	198,893
Long-term debt	80,000	50,000
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Accrued interest payable	438	507
Carrying Amount \| Level 3
Financial assets:
Loans, net	2,580,252	2,357,837
Fair Value \| Level 1
Financial assets:
Cash and due from banks	319,280
Fair Value \| Level 2
Financial assets:
Cash and due from banks		339,438
Securities held to maturity	50,271	2,425
Loans held for sale	9,492	10,634
Accrued interest receivable	12,122	11,187
Financial liabilities:
Deposits	3,286,677	2,900,763
Securities sold under agreements to repurchase	172,972	198,893
Long-term debt	80,000	50,000
Junior subordinated debt owed to unconsolidated trusts	55,000	55,000
Accrued interest payable	438	507
Fair Value \| Level 3
Financial assets:
Loans, net	$ 2,583,458	$ 2,360,000

Operating Segments and Related Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2015 USD ($) segment	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Reportable Segments and Related Information
Number of operating segments \| segment									3
Goodwill	$ 25,510				$ 20,686				$ 25,510	$ 20,686
Total Assets	3,998,976				3,665,607				3,998,976	3,665,607
Net interest income:	29,599	$ 28,195	$ 27,351	$ 26,670	26,087	$ 25,911	$ 25,021	$ 24,557	111,815	101,576	$ 100,065
Other Income:	16,315	15,889	16,623	15,965	14,739	14,204	15,012	14,986	64,792	58,941	62,583
Other expense:	28,363	27,950	28,445	30,547	28,470	26,298	26,823	26,618	115,305	108,209	112,311
Income before income taxes:	16,551	16,034	15,529	11,588	12,356	13,817	12,210	11,925	59,702	50,308	42,837
Net Income:	10,683	$ 10,626	$ 9,936	$ 7,761	7,593	$ 9,109	$ 8,185	$ 7,887	39,006	32,774	28,726
Banking
Reportable Segments and Related Information
Goodwill	4,824								4,824
Remittance Processing
Reportable Segments and Related Information
Goodwill	8,992				8,992				8,992	8,992
Wealth Management
Reportable Segments and Related Information
Goodwill	11,694				11,694				11,694	11,694
Operating segments
Reportable Segments and Related Information
Goodwill	25,510				20,686				25,510	20,686
Total Assets	3,998,976				3,665,607				3,998,976	3,665,607
Operating segments \| Banking
Reportable Segments and Related Information
Goodwill	4,824								4,824
Total Assets	3,944,031				3,589,385				3,944,031	3,589,385
Net interest income:									112,712	102,410	100,965
Other Income:									30,933	29,014	33,155
Other expense:									86,672	82,167	88,426
Income before income taxes:									55,374	47,257	38,195
Net Income:									36,026	30,744	25,692
Operating segments \| Remittance Processing
Reportable Segments and Related Information
Goodwill	8,992				8,992				8,992	8,992
Total Assets	30,231				28,540				30,231	28,540
Net interest income:									53	52	51
Other Income:									11,332	9,561	8,540
Other expense:									8,526	7,519	6,882
Income before income taxes:									2,859	2,094	1,709
Net Income:									1,709	1,227	1,000
Operating segments \| Wealth Management
Reportable Segments and Related Information
Goodwill	11,694				11,694				11,694	11,694
Total Assets	27,651				31,230				27,651	31,230
Net interest income:									272	287	242
Other Income:									23,651	22,439	21,328
Other expense:									16,003	14,741	14,830
Income before income taxes:									7,921	7,986	6,740
Net Income:									4,721	4,701	3,966
Other
Reportable Segments and Related Information
Total Assets	$ (2,937)				$ 16,452				(2,937)	16,452
Net interest income:									(1,222)	(1,173)	(1,193)
Other Income:									(1,124)	(2,073)	(440)
Other expense:									4,104	3,782	2,173
Income before income taxes:									(6,452)	(7,029)	(3,807)
Net Income:									$ (3,450)	$ (3,898)	$ (1,932)

Parent Company Only Financial Information - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and due from subsidiary banks	$ 319,280	$ 339,438
Securities available for sale	834,838	759,065
Investments in subsidiaries:
Premises and equipment, net	63,088	63,974
Other assets	44,652	41,504
Total assets	3,998,976	3,665,607
Liabilities:
Junior subordinated debentures owed to unconsolidated Trusts	55,000	55,000
Other liabilities	28,712	27,227
Total liabilities	3,625,790	3,231,968
Total stockholders' equity	373,186	433,639	$ 415,364	$ 408,797
Total liabilities and stockholders' equity	3,998,976	3,665,607
Parent
ASSETS
Cash and due from subsidiary banks	13,787	84,537
Securities available for sale		201
Investments in subsidiaries:
Bank	381,992	373,773
Non-bank	24,867	28,348
Premises and equipment, net	412	523
Other assets	13,919	8,684
Total assets	434,977	496,066
Liabilities:
Junior subordinated debentures owed to unconsolidated Trusts	55,000	55,000
Other liabilities	6,791	7,427
Total liabilities	61,791	62,427
Total stockholders' equity	373,186	433,639
Total liabilities and stockholders' equity	$ 434,977	$ 496,066

Parent Company Only Financial Information - Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Dividends from subsidiaries:
Other income	$ 16,315	$ 15,889	$ 16,623	$ 15,965	$ 14,739	$ 14,204	$ 15,012	$ 14,986	$ 64,792	$ 58,941	$ 62,583
Expense:
Interest expense	1,520	1,535	1,559	1,593	1,570	1,600	1,635	1,694	6,207	6,499	8,631
Income tax benefit	(5,868)	(5,408)	(5,593)	(3,827)	(4,763)	(4,708)	(4,025)	(4,038)	(20,696)	(17,534)	(14,111)
Distributions less than (in excess of) net income of subsidiaries:
Net income	$ 10,683	$ 10,626	$ 9,936	$ 7,761	$ 7,593	$ 9,109	$ 8,185	$ 7,887	39,006	32,774	28,726
Parent
Dividends from subsidiaries:
Non-bank									8,000	2,000	2,000
Interest and dividend income										20	46
Other income									5,633	3,475	4,669
Total operating income									13,633	5,495	6,715
Expense:
Salaries and employee benefits									7,658	6,778	5,139
Interest expense									1,223	1,183	1,220
Operating expense									3,203	2,563	2,163
Total expense									12,084	10,524	8,522
Income (loss) before income tax benefit and distributions less than (in excess of) net income of subsidiaries									1,549	(5,029)	(1,807)
Income tax benefit									3,001	3,131	1,875
Income (loss) before distributions less than (in excess of) net income of subsidiaries									4,550	(1,898)	68
Distributions less than (in excess of) net income of subsidiaries:
Bank									37,878	31,991	26,416
Non-bank									(3,422)	2,681	2,242
Net income									$ 39,006	$ 32,774	$ 28,726

Parent Company Only Financial Information - Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities
Net income	$ 10,683	$ 10,626	$ 9,936	$ 7,761	$ 7,593	$ 9,109	$ 8,185	$ 7,887	$ 39,006	$ 32,774	$ 28,726
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation									5,697	5,572	5,466
Stock-based and non-cash compensation									1,418	1,187	1,079
Changes in assets and liabilities:
(Increase) decrease in other assets									(137)	2,112	9,620
(Decrease) increase in other liabilities									(1,329)	(650)	(63)
Net cash provided by operating activities									61,505	68,111	98,153
Cash Flows from Investing Activities
Decrease in loans									(118,398)	(126,604)	(258,366)
Proceeds from sales of securities classified available for sale									25,068	74,113	16,365
Proceeds from sales of premises and equipment									312	78	2,856
Purchases of premises and equipment									(4,114)	(3,778)	(2,549)
Net cash used in investing activities									(134,246)	(51,262)	(118,698)
Cash Flows from Financing Activities
Redemption of SBLF preferred stock									(72,664)
Value of shares surrendered upon vesting of restricted stock units to cover tax obligations									(269)	(45)	(237)
Cash dividends paid									(18,619)	(17,224)	(14,040)
Cash payment for fractional shares related to reverse stock split									(5)
Purchase of treasury stock									(6,296)
Net cash provided by (used in) financing activities									52,583	90,986	(99,107)
Cash and due from banks, beginning				339,438				231,603	339,438	231,603	351,255
Cash and due from banks, ending	319,280				339,438				319,280	339,438	231,603
Parent
Cash Flows from Operating Activities
Net income									39,006	32,774	28,726
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation									114	112	100
Distributions less than net income of subsidiaries									(34,456)	(34,672)	(28,658)
Stock-based and non-cash compensation									1,418	1,187	1,079
Changes in assets and liabilities:
(Increase) decrease in other assets									(4,871)	951	(62)
(Decrease) increase in other liabilities									(361)	(1,077)	381
Net cash provided by operating activities									850	(725)	1,566
Cash Flows from Investing Activities
Decrease in loans											68
Proceeds from sales of securities classified available for sale									14
Outlay for business acquisition									(33,759)
Proceeds from sales of premises and equipment											226
Purchases of premises and equipment									(2)	(114)	(90)
Net cash used in investing activities									(33,747)	(114)	204
Cash Flows from Financing Activities
Proceeds from charter amendment with subsidiary bank									60,000	60,000	50,000
Redemption of SBLF preferred stock									(72,664)
Value of shares surrendered upon vesting of restricted stock units to cover tax obligations									(269)	(45)	(237)
Cash dividends paid									(18,619)	(17,224)	(14,040)
Cash payment for fractional shares related to reverse stock split									(5)
Purchase of treasury stock									(6,296)
Net cash provided by (used in) financing activities									(37,853)	42,731	35,723
Net (decrease) increase in cash and due from subsidiary banks									(70,750)	41,892	37,493
Cash and due from banks, beginning				$ 84,537				$ 42,645	84,537	42,645	5,152
Cash and due from banks, ending	$ 13,787				$ 84,537				$ 13,787	$ 84,537	$ 42,645

Unaudited Interim Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unaudited Interim Financial Data
Interest income	$ 31,119	$ 29,730	$ 28,910	$ 28,263	$ 27,657	$ 27,511	$ 26,656	$ 26,251	$ 118,022	$ 108,075	$ 108,696
Interest expense	1,520	1,535	1,559	1,593	1,570	1,600	1,635	1,694	6,207	6,499	8,631
Net interest income:	29,599	28,195	27,351	26,670	26,087	25,911	25,021	24,557	111,815	101,576	100,065
Provision for loan losses	1,000	100		500			1,000	1,000	1,600	2,000	7,500
Noninterest income	16,315	15,889	16,623	15,965	14,739	14,204	15,012	14,986	64,792	58,941	62,583
Noninterest expense	28,363	27,950	28,445	30,547	28,470	26,298	26,823	26,618	115,305	108,209	112,311
Income before income taxes	16,551	16,034	15,529	11,588	12,356	13,817	12,210	11,925	59,702	50,308	42,837
Income taxes	5,868	5,408	5,593	3,827	4,763	4,708	4,025	4,038	20,696	17,534	14,111
Net income	10,683	10,626	9,936	7,761	7,593	9,109	8,185	7,887	39,006	32,774	28,726
Preferred stock dividends	155	182	181	182	182	182	181	182	700	727	3,633
Net income available for common stockholders	$ 10,528	$ 10,444	$ 9,755	$ 7,579	$ 7,411	$ 8,927	$ 8,004	$ 7,705	$ 38,306	$ 32,047	$ 25,093
Basic earnings per share (in dollars per share)	$ 0.37	$ 0.36	$ 0.34	$ 0.26	$ 0.26	$ 0.31	$ 0.28	$ 0.27	$ 1.32	$ 1.11	$ 0.87
Diluted earnings per share (in dollars per share)	$ 0.36	$ 0.36	$ 0.33	$ 0.26	$ 0.25	$ 0.31	$ 0.28	$ 0.26	$ 1.32	$ 1.10	$ 0.86