Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 256

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 256
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 deposits, excluding affiliate and collateralized deposits, as a percentage of total deposits was approximately 52.6% and 45.3% as of December 31, 2024, and December 31, 2023, respectively.

The Company participates in the IntraFi Cash Service program, which allows its customers to place deposits into the program to receive reciprocal FDIC insurance coverage. As of December 31, 2024 and December 31, 2023, the Company had $1.3 billion and $1.2 billion of deposits in the program, respectively.

Table 18

ANALYSIS OF AVERAGE DEPOSITS (in thousands)

    December 31,

    2024

    2023

    Amount:

    Noninterest-bearing demand
     
    $
    10,077,251

    $
    10,640,344

    Interest-bearing demand and savings

    22,949,608

    18,374,884

    Time deposits under $250,000

    1,113,096

    1,967,028

    Total core deposits

    34,139,955

    30,982,256

    Time deposits of $250,000 or more

    1,161,497

    780,393

    Total deposits
     
    $
    35,301,452

    $
    31,762,649

    As a % of total deposits:

    Noninterest-bearing demand

    28.5
    %

    33.5
    %

    Interest-bearing demand and savings

    65.0

    57.8

    Time deposits under $250,000

    3.2

    6.2

    Total core deposits

    96.7

    97.5

    Time deposits of $250,000 or more

    3.3

    2.5

    Total deposits

    100.0
    %

    100.0
    %

Capital Resources and Liquidity

The Company places a significant emphasis on the maintenance of a strong capital position, which it believes promotes investor confidence, provides access to funding sources under favorable terms, and enhances the Company’s ability to capitalize on business growth and acquisition opportunities.  Higher levels of liquidity, however, bear corresponding costs, measured in terms of lower yields on short-term, more liquid earning assets, and