Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 196

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 196
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 both the customer swaps and the offsetting swaps are recognized in Other noninterest expense in the Consolidated Statements of Income.  As of December 31, 2024, the Company had 298 interest rate swaps with an aggregate notional amount of $5.5 billion related to this program.  As of December 31, 2023, the Company had 258 interest rate swaps with an aggregate notional amount of $4.3 billion.  Effect of Derivative Instruments on the Consolidated Statements of Income and Accumulated Other Comprehensive IncomeThis table provides a summary of the amount of gain or loss recognized in Interest income and Other noninterest expense in the Consolidated Statements of Income for the years ended December 31, 2024, 2023, and 2022 related to the Company’s derivative assets and liabilities (in thousands): 

        Amount of Gain (Loss) Recognized

        For the Year Ended December 31,

        2024

        2023

        2022

        Interest Rate Products

        Derivatives not designated as hedging instruments
         
        $
        74

        $
        (69
        )
         
        $
        423

        Total
         
        $
        74

        $
        (69
        )
         
        $
        423

        Interest Rate Products

        Derivatives designated as hedging instruments:

        Fair value adjustments on derivatives
         
        $
        —

        $
        904

        $
        72,539

        Fair value adjustments on hedged items

        —

        (902
        )

        (72,047
        )

        Total
         
        $
        —

        $
        2

        $
        492

129

These tables provide a summary of the effect of hedges on AOCI in the Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023, and 2022 related to the Company’s derivative assets and liabilities (in thousands): 

        For the Year Ended December 31, 2024

        Derivatives in Cash Flow Hedging Relationships
         
        (Loss) Gain Recognized in OCI on Derivative

        (Loss) Gain Recognized in OCI Included Component

        Gain Recognized in OCI Excluded Component

        Gain Reclassified from AOCI into Earnings

        Gain Reclassified from AOCI into Earnings Included Component

        Loss Rec