Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 309

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 309
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 as part of the ACL as described above in the Allowance for Credit Losses section of this note. For the year ended December 31, 2024, the Company had five modifications on residential real estate loans made to borrowers experiencing financial difficulty with a total pre-modification loan balance of $1.1 million and a total post-modification balance of $1.1 million.  For the year ended December 31, 2023, the Company did not modify any loans made to borrowers experiencing financial difficulty. 

102

The Company had no commitments to lend to borrowers experiencing financial difficulty for which the Company has modified an existing loan as of December 31, 2024 and 2023.  The Company monitors loan payments on an on-going basis to determine if a loan is considered to have a payment default.  Determination of payment default involves analyzing the economic conditions that exist for each customer and their ability to generate positive cash flows during the loan term. For the years ended December 31, 2024 and 2023, the Company had no loan modifications made to borrowers experiencing financial difficulty for which there was a payment default within the 12 months following the modification date.

4. SECURITIESSecurities Available for SaleThis table provides detailed information about securities available for sale at December 31, 2024 and 2023 (in thousands): 

        Gross

        Gross

        Amortized

        Unrealized

        Unrealized

        Fair

        2024
         
        Cost

        Gains

        Losses

        Value

        U.S. Treasury
         
        $
        1,331,394

        $
        2,751

        $
        (8,072
        )
         
        $
        1,326,073

        U.S. Agencies

        129,246

        126

        (325
        )

        129,047

        Mortgage-backed

        4,945,548

        339

        (524,957
        )

        4,420,930

        State and political subdivisions

        1,309,126

        487

        (91,044
        )

        1,218,569

        Corporates

        330,739

        60

        (13,629
        )

        317,170

        Collateralized loan obligations

        361,623

        1,060