Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 111

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 111
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    $
    1,919,594

    $
    29,574,664

    $
    107,343

    $
    33,666,386

58

    Total

    Regulatory Capital

    Shareholders’ equity
     
    $
    3,466,541

    Less adjustments (1)

    335,716

    Common equity Tier 1/Tier 1 capital

    3,802,257

    Additional Tier 2 capital (2)

    643,615

    Total capital
     
    $
    4,445,872

    Company

    Capital ratios

    Common Equity Tier 1 capital to risk-weighted assets

    11.29
    %

    Tier 1 capital to risk-weighted assets

    11.29
    %

    Total capital to risk-weighted assets

    13.21
    %

    Leverage ratio (Tier 1 capital to total average assets less adjustments (1))

    8.50
    %

(1)Adjustments include a portion of goodwill and intangibles as well as unrealized gains/losses on available-for-sale securities, cash flow hedges, and the impact of the Company’s election to use the five-year CECL transition.

(2)Includes the Company’s ACL (inclusive of the reserve for off-balance sheet arrangements), subordinated long-term debt, and trust preferred subordinated notes.  

(3)After credit conversion factor and risk weighting is applied.   

For further discussion of regulatory capital requirements, see Note 10, “Regulatory Requirements” within the Notes to Consolidated Financial Statements under Item 8.

Repurchase agreements are transactions involving the exchange of investment funds by the customer for securities by the Company, under an agreement to repurchase the same issues at an agreed-upon price and date.  Securities sold under agreements to repurchase and federal funds purchased totaled $2.6 billion at December 31, 2024, and $2.1 billion at December 31, 2023. Repurchase agreements and federal funds purchased averaged $2.3 billion in 2024 and $2.2 billion in 2023.  The Company enters into these transactions with its downstream correspondent banks, commercial customers, and various trust, mutual fund, and local government relationships. 

The Company is a member bank with the FHLB of Des Moines, and through this relationship, the Company owns FHLB stock