Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 344

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 344
---
        (10,703
        )
         
        $
        5,917

        $
        8,260

        $
        (2,343
        )

        For the Year Ended December 31, 2022

        Derivatives in Cash Flow Hedging Relationships
         
        Gain Recognized in OCI on Derivative

        Gain Recognized in OCI Included Component

        Gain Recognized in OCI Excluded Component

        Gain (Loss) Reclassified from AOCI into Earnings

        Gain (Loss) Reclassified from AOCI into Earnings Included Component

        Loss Reclassified from AOCI into Earnings Excluded Component

        Interest rate floor
         
        $
        —

        $
        —

        $
        —

        $
        4,998

        $
        7,248

        $
        (2,250
        )

        Interest rate swaps

        12,608

        12,608

        —

        (502
        )

        (502
        )

        —

        Total
         
        $
        12,608

        $
        12,608

        $
        —

        $
        4,496

        $
        6,746

        $
        (2,250
        )
       
      Credit-risk-related Contingent Features The Company has agreements with certain of its derivative counterparties that contain a provision that if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations.The Company has minimum collateral posting thresholds with certain of its derivative counterparties. As of December 31, 2024, the Company had not posted any collateral as there were no derivatives in a net liability position. If the Company had breached any of these provisions at December 31, 2024, it could have been required to settle its obligations under the agreements at the termination value.

18. DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTSThe following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Fair values determined by Level 1 inputs utilize quoted prices in active markets for identical assets and liabilities that the Company has the ability to access.  Fair values