Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 310

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 310
---
945,548

        4,420,930

        Total securities available for sale
         
        $
        8,407,676

        $
        7,774,334

       Securities may be disposed of before contractual maturities due to sales by the Company or because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.For the years ended December 31, 2024 and December 31, 2023, there were $19.2 million and $22.2 million, respectively, in proceeds from the sales of securities available for sale.  Securities transactions resulted in gross realized gains of $139 thousand for the year ended December 31, 2024.  There were $154 thousand of gross realized gains and $2 thousand of gross realized losses for the year ended December 31, 2023. 

103

There were $10.5 billion and $10.1 billion of securities pledged to secure U.S. Government deposits, other public deposits, certain trust deposits, derivative transactions, and repurchase agreements at December 31, 2024 and December 31, 2023, respectively. Accrued interest on securities available for sale totaled $43.1 million and $31.6 million as of December 31, 2024 and 2023, respectively, and is included in the Accrued income line on the Company’s Consolidated Balance Sheets.  The total amount of accrued interest is excluded from the amortized cost of available-for-sale securities presented above.  Further, the Company has elected not to measure an ACL for accrued interest receivable.The following table shows the Company’s available-for-sale investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2024 and 2023 (in thousands): 

        Less than 12 months

        12 months or more

        Total

        2024
         
        Count

        Fair Value

        UnrealizedLosses

        Count

        Fair Value

        UnrealizedLosses

        Count

        Fair Value

        UnrealizedLosses

        Description of Securities

        U.S. Treasury

        93

        $
        635,739

        $
        (6,319
        )

        9

        $
        142,518

        $
        (1,753