Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 85

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 85
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 FOR CREDIT LOSSES ON LOANS (in thousands)

This table presents an allocation of the allowance for credit losses on loans and percent of loans to total loans by loan portfolio segment, which represents the total expected losses derived by both quantitative and qualitative methods. The amounts presented are not necessarily indicative of actual future charge-offs in any particular category and are subject to change.  

    2024

    2023

    At December 31:
     
    Allowance for credit losses

    Percent of loans to total loans

    Allowance for credit losses

    Percent of loans to total loans

    Commercial and industrial
     
    $
    160,912

    42.5
    %
     
    $
    155,658

    42.8
    %

    Specialty lending

    —

    1.8

    —

    2.2

    Commercial real estate

    77,340

    39.5

    45,507

    38.4

    Consumer real estate

    4,327

    12.4

    6,941

    12.8

    Consumer

    966

    0.8

    1,089

    0.7

    Credit cards

    14,272

    2.3

    7,935

    1.8

    Leases and other

    1,272

    0.7

    2,608

    1.3

    Total allowance for credit losses on loans
     
    $
    259,089

    100.0
    %
     
    $
    219,738

    100.0
    %

Table 5 presents a summary of the Company’s ACL for the years ended December 31, 2024 and 2023.  Also, please see “Quantitative and Qualitative Disclosures About Market Risk – Credit Risk Management” in this report for information relating to nonaccrual, past due, restructured loans, and other credit risk matters.  For more information on loan portfolio segments and ACL methodology refer to Note 3, “Loans and Allowance for Credit Losses,” in the Notes to the Consolidated Financial Statements.

44

As illustrated in Table 5 below, the ACL increased as a percentage of total loans to 1.01% as of December 31,