Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 155

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 155
---
507,276

        $
        4,220

        $
        636

        $
        117

        $
        70,172

        $
        —

        $
        2,496,974

        Special Mention

        180

        —

        —

        —

        —

        —

        —

        —

        180

        Substandard

        —

        —

        8,013

        —

        —

        13

        —

        —

        8,026

        Doubtful

        80

        —

        —

        —

        —

        —

        —

        —

        80

        Total General construction
         
        $
        574,661

        $
        1,340,152

        $
        515,289

        $
        4,220

        $
        636

        $
        130

        $
        70,172

        $
        —

        $
        2,505,260

      Consumer real estateA discussion of the credit quality indicators that impact each type of collateral securing Consumer real estate loans is included below:HELOC HELOC loans are revolving lines of credit secured by 1-4 family residential property. The primary risk is the borrower’s inability to repay debt.  Revolving notes are often associated with HELOCs that can be secured by real estate without a 1st lien priority.  Collateral is susceptible to market volatility impacting home values or economic downturns.First lien: 1-4 family First lien 1-4 family loans are secured by a first lien on 1-4 family residential property. These term loans carry longer maturities and amortizations.  The longer tenure exposes the borrower to multiple economic cycles, coupled with longer amortizations that result in smaller principal reduction early in the life of the loan. Collateral is susceptible to market volatility impacting home values.Junior lien: 1-4 family Junior lien 1-4 family loans are secured by a junior lien on 1-4 family residential property. The Company’s primary risk is the borrower’s inability to repay debt and not being in a first lien position. Collateral is susceptible to market volatility impacting home values or economic downturns.A borrower is considered non-performing if the Company has ceased the recognition of interest and the loan is placed on non-accrual.  Charge-offs and borrower performance are tracked on a loan origination vintage basis. Certain vintages, based on their maturation