Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 164

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 164
---
197
        )

        2,681,229

        (3,258
        )

        2,827,147

        Total
         
        $
        5,691,868

        $
        21,039

        $
        (529,540
        )
         
        $
        5,183,367

        $
        (3,258
        )
         
        $
        5,688,610

        The following table presents contractual maturity information for securities held to maturity at December 31, 2024 (in thousands): 

        Amortized

        Fair

        Cost

        Value

        Due in 1 year or less
         
        $
        207,151

        $
        206,440

        Due after 1 year through 5 years

        236,820

        231,802

        Due after 5 years through 10 years

        775,661

        732,758

        Due after 10 years

        1,636,146

        1,473,286

        Total

        2,855,778

        2,644,286

        Mortgage-backed securities

        2,523,134

        2,104,652

        Total securities held to maturity
         
        $
        5,378,912

        $
        4,748,938

       Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.There were no sales of securities held to maturity during 2024, 2023, or 2022.During the year ended December 31, 2022, securities with an amortized cost of $4.1 billion and a fair value of $3.8 billion were transferred from the available-for-sale classification to the held-to-maturity classification as the Company has the positive intent and ability to hold these securities to maturity.  The transfers of securities were made at fair value at the time of transfer.  The unrealized holding gain or loss at the time of transfer is retained in AOCI and will be amortized over the remaining life of the securities, offsetting the related amortization of discount or premium on the transferred securities.  No gains or losses were recognized at the time of the transfers.  The amortized cost balance of securities held to maturity in