First Busey Corporation
Annual Report 2000

Plain-text annual report

. . b m q - . Keeping Busey...Busey! What does this mean? Some might say it means that Busey will remain unchanged, d-today into the fu~. Keeping Busey...Busey might say it means remaining an independent is tie focus of this 2000 Annual Report. community bti ~ers contimdng to do what it and asset management organization. Busey is more thsn a name -it serve. Keeping Busey.. that will allow us to remain an independent is a franchise. .Busey is our way of “branding” our franchise for the future by establishing si@cant performance standwds It is the relationship between our 485 assoctis, our customem and the communities we financial services organization. To that end we W l Design ‘Viion 2010” which will represent a picture of the Busey Orgtion as of January 1, 2010. Vision 2010 will be presented to Shmholders at the Annual Meeting on April 16,2001. l Seize opportunities that will enable us to remain at the tip of our peer group in @turn on Equity ad enhanced Shareholder vtiue. l Strengthen our relationship with our customers by exceeding their expectation, l Remain Busey! AS we look to the futie and close the book on the pas~ the year 2000 was the best year ever in the history of the Busey Organization, These me tndy exciting times, but not witiout established throughout tie lWyear Miy of tie Busey Organizadon. daily challenges. We will continue to build on the strong foundtion that has been Chsirman of the Board snd Chief Executive Officer . * 6 - . . . — . - Mm Casharrdduefrom- Secllrities h~ NetW and@pment ~ GuodwiUti&-le- otlter- m&s9et9 LIA21UTIS y ~- ~- ~~ =&~ $ 62$M 228397 . $ S3m 226,046 $ 36,644 217,961 $ 972,101 $ 27-1 $ 666,180 91262 12255 17$52 “ 28,647 1* 19,663 &763 11,701 $1355,044 ‘ $ 1*7,123 $ 961,631 $ 124,669 1,014,118 61,173 52,976 9,782 . $ 103,001 924,6&l 71,907 M,649 9,102 $ M666 730,149 2% 6,224 lbtal liabiutie9 $1262,719 $ I,lwm $ %428 ST~HOIDEM’ ~17Y ~n 3oIphm ~m Accum- stock othercommite* inmme -, $ 6*1 22,044 78$15 5,917 fi $ @l 21,7s0 66,672 2,074 $ 6#1 21- 69,026 6799 tioldm’ M ~*~On-ed-Ptimd def~ compensationfortik @& before gmnb , --ticord UnearnedE20P * tom-on andclef- for*grants H MiHti- andstockholder’_ .’. $ 107,467 $ 95,667 $ 93,401 (12,858) (2984) $ 92326 $1356,044 (10,773) (2,t?30) $ 1X7,123 @m (m $ 87,103 $ 961,631 Y- Ended December 31 JNTm INCOMS h’ h~ ~ N~e lbtal-incmne INTERESTEXP2NSE - Wort-termborrowings fKulg- &bt m-~ Net- tnme Provtaionforloan- Net~* forloenloseee afterp-on NON-INTEREST INCOME # lhLst 3ervice-es ~rms -p Wer income * on d-t andbrok-’ f- net accounts net lbtal”~ income EXWNW NON-l~T 3elaria andemployeeben&@ N~~expeneeofpremtsee ~rmd~~ Amotion of htangibleassete M-~ w~~ Inmmebeforeincometies h-e tax expense Netfn~ 2A21C.EARNINGS PERSHARE DILUTED EA2NINC2 PERSHARE 4’ (dollars in titi, 2006 a 79* 10,667 3,034 6Z7 per share m) -t 1999 1996 $ Oo,m $ mw 9,624 1,960 472 10,7M 1,732 fi61 $ 93242 $ ~11 $ 67,046 .. $ 42366 5* 2*7 $ 60,476 $ 42,766 2y615 $ 31,066 1$12 %623 $ M,220 $ 37s1 2,570 $ $ $ 30,642 1,092 1,234 a975 34,073 700 $ 40*1 $ 34,321 $ 33,373 $ 4~64 5*1 l,ml 5,k7 $ 4,012 3,796 1,473 $% $ 3,& 2,23E l,lW l= 4,717 $ 1s2s8 $ 16,192 $ 4632 $ 19,060 3,115 3,614 2= 9,152 $ 37*9 $ 21390 7*7 $ 14,063 + 8 ‘ 1.06 1.03 $ 17,566 ta 1,166 w 33,063 17,260 6,402 $ $ $ U646 $ $ .62 .9C” $ $ $ $ $ $ 16096 %497 2&o ;& *400 16,603 5,106 ll,W .33 , .81 Y-Ended December 31 CEiANGESIN ST~OtDERS’ @UilY wceet~ofm 2000 1999 1998 $ 82~84 $ 87,103 $ Elm ~ atend of year $ 92~5 $ S2m $ B7,102 l ,’ RESERVEFOR POSSIBLELOAN LOSS~ f3eEenmet~ofm AddEtiondoeto-on -on-to~ ~eeonlmmeplwE*aoff Loam-off ofemfeb 2alanmatendofyear Asapercentofloene NON-PERFORMING LOANS -- ‘lbtef non-perfo- Eoena Aaamtofloane $ 10,402 $ 2$15 (:?) 7,101 1,101 2,570 /El) $ am —.. 700 (Aa) $ 12268 $ lo,m $ 7,101 1.2s% - I.lm 1.07% $ $ 767 4,666 5,422 0.65% $ $ 1,188 937 2,106 0.24% $ $ 1,= 1,578 0.24% m’99z’1$ L6!?’8ZZ 69Z’W6 L8L’W141 9L6’Z9 9ZtiZ6 $ SZI’L*T W’9ZZ m% ,IS6’LZO’I m’99 @zs *Z6 9LV’09 IIS’ZL$ Ww $ $ lW’1% 165’LIZ ISZ’Z99 WL’9Z8 000’9Z ZOI’LS $ ~’916 V19’91Z LZ6’Z09 m’IIs 000’01 6LZ’IS $ 816’M 09z’9zz m“099 LZ6’99L OCQ’9 LIV’SL 1ss’s9 61178 $ L61’19 Zzo’oz m’tI $ m%l 802’11$ $ INOI 90Z’6$ $ $ SMII133HS33NV1V8 autmqlaN M3H1O NOllW~Nl P,. First Busey Corporation and Busey Bank .: Management Teams Board of Directors Joseph M.Ambm SamuelP* T.O.Dawaon VictorF!F- MD KennethM.Hendren E, ~pa KIIOX F!DaviUti V.B.Leister,Jr. Douglaac.Mina hdaM. M.ills , “ l Busey Bank, &b Board of Directom Joseph M.Ambrose First BuseyCorporation DOU@ C. _ ~ and CEO ~araJ. K@ President Barbm J. Jon= Busey Bank R DavidKm President and CEO Susan E. Abbott Don A Monteith Busey Bank, fsb BarbaraJ. K@ Chabman DavidR Wampler,President Busey Investment Group EdwinA~&~and CEO Curt A Andemn, President R Scott MacAdam Glen C. Ptie . . 

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