Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 151

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 151
---
 100,484

        95,909

        16,968

        16,949

        2,230

        15,072

        54,352

        —

        301,964

        Total loans
         
        $
        3,930,419

        $
        5,252,010

        $
        4,042,524

        $
        2,032,891

        $
        846,589

        $
        711,630

        $
        6,345,327

        $
        11,094

        $
        23,172,484

      Accrued interest on loans totaled $125.7 million and $119.6 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 basis of loans presented above.  Further, the Company has elected not to measure an allowance for credit losses for accrued interest receivable.   Credit Quality IndicatorsAs part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including trends related to the risk grading of specified classes of loans, net charge-offs, non-performing loans, and general economic conditions.The Company utilizes a risk grading matrix to assign a rating to each of its commercial, commercial real estate, and construction real estate loans. Changes in credit risk are monitored on a continuous basis and changes in risk ratings are made when identified.  The loan ratings are summarized into the following categories:  Pass, Special Mention, Substandard, and Doubtful.  Any loan not classified in one of the categories described below is considered to be a Pass loan.  A description of the general characteristics of the loan rating categories is as follows:•Special Mention – This rating reflects a potential weakness that deserves management’s close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or the borrower’s credit position at some future date.  The rating is not adversely classified and does not expose an institution to sufficient risk to warrant adverse classification.•Substandard – This rating represents an asset inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any.  Assets so classified must 

89

have a well-defined weakness