Busey Bank

Headquarters

100 West University Avenue
Champaign, IL 61820
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 0.85% →
1-Year CD 0.10% 0.80% →
2-Year CD 0.10% 0.80% →
5-Year CD 0.10% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Busey Bank is an FDIC insured institution located in Champaign, IL. It was founded in 1946 and has approximately $10.74 billion in assets. Customers can open an account at one of its 73 branches.

FDIC Insured Yes
FDIC Certificate # 16450
Date Established 1946
Assets $ 10.74 billion
Loans $ 6.73 billion
Deposits $ 8.98 billion
Capital $ 1,427.67 million
 

For a more detailed analysis of Busey Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
Premium Money Market Account
0.01% $10,000 $14,999 Learn More
Premium Money Market Account
0.01% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.10% $10,000 $14,999 Learn More
18 Mo CD
0.10% $100,000 $199,999 Learn More
24 Mo CD
0.10% $10,000 $14,999 Learn More
24 Mo CD
0.10% $100,000 $199,999 Learn More
36 Mo CD
0.10% $10,000 $14,999 Learn More
36 Mo CD
0.10% $100,000 $199,999 Learn More
48 Mo CD
0.10% $10,000 $14,999 Learn More
48 Mo CD
0.10% $100,000 $199,999 Learn More
60 Mo CD
0.10% $10,000 $14,999 Learn More
60 Mo CD
0.10% $100,000 $199,999 Learn More

 

Loan Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Busey Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.794% 2.750%
0.63 points
$1,428 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Busey Bank
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Branches

Busey Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Busey Bank Locations


Financial Details

Busey Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Busey Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Busey Bank U.S. Bank Average
1.78% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Busey Bank had $22,855,000 in non-current loans and $4,290,000 in owned real estate. To cover these potential losses it had $1,427,671,000 in equity and $93,943,000 in loans loss reserves. That gives it a Texas Ratio of 1.78%.

Return on Equity
Busey Bank U.S. Bank Average
11.43% 11.43%

Busey Bank has a Return on Equity of 11.43% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Busey Bank U.S. Bank Average
13.29% 11.51%

Busey Bank has a Capitalization of 13.29% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Busey Bank Balance Sheet Analysis

As of March 31, 2021, Busey Bank had assets of $10,740,172,000, loans of $6,725,502,000, and deposits of $8,983,647,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 398.29 million
Interest-bearing balances $ 287.56 million
Total securities $ 2.80 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.73 billion
Loan loss allowance $ 93.94 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.29 million
Goodwill and other intangibles $ 373.06 million
All other assets $ 302.12 million
     Total Assets $ 9.31 billion
LIABILITIES
Total deposits $ 8.98 billion
      Interest-bearing deposits $ 6.12 billion
      Deposits held in domestic offices $ 8.98 billion
      % insured (estimated) 89.11%
Federal funds purchased and repurchase agreements $ 210.13 million
Trading liabilities N.A.
Other borrowed funds $ 9.25 million
Subordinated debt N.A.
All other liabilities $ 109.48 million
      Total Liabilities $ 9.31 billion
      Shareholders’ Equity $ 1,427.67 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 72.35 million
Total Interest Expense $ 3.85 million
Net interest income $ 68.50 million
Provision for loan and lease losses N.A.
Total non interest income $ 30.72 million
Total non interest expense $ 52.98 million
Pre-tax Net Operating Income $ 52.63 million

Bank Loan Profile?

The top three loan types in Busey Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, Busey Bank has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.48
Multifamily
Mortgages
9.53
Credit Card Loans 0.00
Consumer Auto Loans 0.28
Small Business Loans 6.39
Construction and Development Loans 6.39
Commercial Real Estate 33.76
Commercial and Industrial Loans 23.19
Farm Loans 0.60

Frequently Asked Questions About Busey Bank

Branches and Savings

Is Busey Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16450.

Why does Busey Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Busey Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Busey Bank a commercial bank?

Yes

Where are Busey Bank locations?

See branch locations nearby.

Is Busey Bank open on Saturdays?

Is Busey Bank open on Sundays?

What time does Busey Bank open?

What time does Busey Bank close?

Are Busey Bank ATMs Open 24/7?

Do Busey Bank ATMs accept cash deposits?

Can Busey Bank customers use other ATMs?

Do Busey Bank branches have notaries?

Will Busey Bank notarize my document?

What address for Busey Bank should I put for incoming ACH transfers?

Will the Busey Bank branch print checks?

Do Busey Bank checks expire?

Does Busey Bank require US citizenship to open account?

Can Busey Bank close my account?

Does Busey Bank Report to credit bureaus?

Does Busey Bank Use Equifax?

What is Busey Bank's ACH Routing Number?

What is Busey Bank's SWIFT code?

Products

Does Busey Bank offer mortgages?

Compare mortgage rates here.

Does Busey Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Busey Bank offer personal loans?

Compare personal loan rates here.

Does Busey Bank offer student loans?

Will Busey Bank cash a check?

Will Busey Bank redeem a savings bond?

Does Busey Bank cash savings bonds?

Will Busey Bank cash money orders?

Can Busey Bank issue a money order?

Does Busey Bank do currency exchange?

Background on The Bank

Who owns Busey Bank?

How long has Busey Bank been around?

Can Busey Bank transfer to other banks?

Does Busey Bank have quick pay?

Does Busey Bank accept rolled coins?

Will Busey Bank accept loose change?

Where is Busey Bank headquarters?

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