Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 199

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 199
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, inputs and methodology by asset class, which is reviewed to ensure that security placement within the fair value hierarchy is appropriate.Equity securities with readily determinable fair values Fair values are based on quoted market prices.Company-owned Life Insurance Fair value is equal to the cash surrender value of the life insurance policies.  Bank-owned Life Insurance Fair value is equal to the cash surrender value of the life insurance policies.

132

Derivatives Fair values are determined using valuation techniques including discounted cash flow analysis on the expected cash flows from each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements.  In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees.Securities sold not yet purchased Fair values are based on quoted market prices or dealer quotes, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Prices are provided by third-party pricing services and are based on observable market inputs.Assets measured at fair value on a non-recurring basis as of December 31, 2024 and 2023 (in thousands):  

        Fair Value Measurement at December 31, 2024 Using

        Description
         
        December 31,2024

        Quoted Prices in Active Markets for Identical Assets (Level 1)

        Significant Other Observable Inputs (Level 2)

        Significant Unobservable Inputs (Level 3)

        Total Losses Recognized During the Twelve Months Ended December 31

        Collateral dependent assets
         
        $
        2,405

        $
        —

        $
        —

        $
        2,405

        $
        (256
        )

        Other real estate owned

        —

        —

        —

        —

        —

        Other repossessed assets

        26,779

        —

        —

        26,779

        —

        Total
         
        $
        29,184

        $
        —

        $
        —

        $
        29,184

        $
        (256
        )

        Fair Value Measurement at December 31