Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 248

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 248
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0% of the Company’s investment CRE portfolio as of either period presented, while the remainder are included in “All Others.”

Table 12

    Investment CRE loans by State

    December 31, 2024

    December 31, 2023

    Missouri

    14.6
    %

    14.9
    %

    Arizona

    11.6

    11.9

    Texas

    11.4

    12.1

    Colorado

    9.1

    9.8

    Utah

    8.1

    6.3

    Florida

    5.8

    5.0

    All others

    39.4

    40.0

    Total Investment CRE

    100.0
    %

    100.0
    %

The shift to work-from-home and hybrid work environments has caused a decreased utilization of, and demand for, office space.  The Company is actively monitoring its exposure to office space in its non-owner occupied commercial real estate portfolio.  The average loan size in the Company’s office portfolio was approximately $8.9 million and $9.2 million as of December 31, 2024 and December 31, 2023, respectively.  The average loan-to-value of the office portfolio was 63% and 64% as of December 31, 2024 and December 31, 2023, respectively, and 84% are recourse loans as of the end of both periods. Further, only 18% and 30% of the Company’s office portfolio as of December 31, 2024 and December 31, 2023, respectively, is in central business districts, which have been more heavily impacted by the shift to remote work. The remainder of the Company’s office portfolio is in suburban or medical properties.

The table below presents the Company’s portfolio of office commercial real estate by the metropolitan statistical area (MSAs) in which the loan collateral is located.  The table separately discloses all MSAs that represent at least 5.0% of the Company's office commercial real estate portfolio as of either period presented, while the remainder are included in “All Others.”

51

Table 13

    Office CRE loans by MSA

    December 31, 2024

    December 31, 2023

    Dallas-Fort Worth-Arlington, TX