Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 273

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 273
---

    540,371

    0.14

    Commercial real estate

    250

    9,517,745

    0.00

    155

    8,359,937

    0.00

    Consumer real estate

    (216
    )

    3,036,136

    (0.01
    )

    1,140

    2,858,510

    0.04

    Consumer real estate

    1,283

    166,278

    0.77

    1,021

    147,240

    0.69

    Credit cards

    18,397

    587,958

    3.13

    7,645

    478,328

    1.60

    Leases and other

    1

    234,324

    0.00

    —

    281,178

    —

    Total
     
    $
    23,262

    $
    24,209,547

    0.10
    %
     
    $
    10,474

    $
    22,334,942

    0.05
    %

Net charge-offs for the year ended December 31, 2024 were $23.3 million, compared to $10.5 million for the year ended December 31, 2023. 

Liquidity Risk

Liquidity represents the Company’s ability to meet financial commitments through the maturity and sale of existing assets or availability of additional funds.  The Company believes that the most important factor in the preservation of liquidity is maintaining public confidence that facilitates the retention and growth of a large, stable supply of core deposits and wholesale funds.  Ultimately, the Company believes public confidence is generated through profitable operations, sound credit quality and a strong capital position.  The primary source of liquidity for the Company is regularly scheduled payments on and maturity of assets, which include $7.8 billion of high-quality securities available for sale.  The liquidity of the Company and the Bank is also enhanced by its activity in the federal funds market and by its core deposits.  Additionally, management believes it can raise debt or equity capital on favorable terms in the future, should the need arise.

Another factor affecting liquidity is the amount of deposits and customer repurchase agreements that have pledging requirements.  All customer