Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 122

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 122
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 31, 2024, compared to $3.1 million as of December 31, 2023.

A loan is generally placed on nonaccrual status when payments are past due 90 days or more and/or when management has considerable doubt about the borrower’s ability to repay on the terms originally contracted.  The accrual of interest is discontinued and recorded thereafter only when actually received in cash.

Certain loans are restructured to provide a reduction or deferral of interest or principal due to deterioration in the financial condition of the respective borrowers.  The Company had $196 thousand of restructured loans at December 31, 2024 and $548 thousand at December 31, 2023.

Table 24

LOAN QUALITY (in thousands)

    December 31,

    2024

    2023

    Nonaccrual loans
     
    $
    19,241

    $
    12,828

    Restructured loans on nonaccrual

    41

    384

    Total non-performing loans

    19,282

    13,212

    Other real estate owned

    1,612

    1,738

    Other repossessed assets

    26,779

    —

    Total non-performing assets
     
    $
    47,673

    $
    14,950

    Loans past due 90 days or more
     
    $
    7,602

    $
    3,111

    Restructured loans accruing

    155

    164

    Allowance for credit losses on loans

    259,089

    219,738

    Ratios

    Non-performing loans as a % of loans

    0.08
    %

    0.06
    %

    Non-performing assets as a % of loans plus other real estate owned and other repossessed assets

    0.19

    0.06

    Non-performing assets as a % of total assets

    0.09

    0.03

    Loans past due 90 days or more as a % of loans

    0.03

    0.01

    Allowance for credit losses on loans as a % of loans

    1.01

    0.95

    Allowance for credit losses on loans as a multiple of non-per