Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 105

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 105
---
 Total
     
    $
    120,524

    3.07
    %
     
    $
    2,381,614

    1.74
    %

    State and Political Subdivisions

    December 31, 2023
     
    Fair Value

    WeightedAverageYield/AverageMaturity

    Due in one year or less
     
    $
    96,966

    4.81
    %

    Due after 1 year through 5 years

    220,787

    3.02

    Due after 5 years through 10 years

    815,220

    2.90

    Due over 10 years

    1,548,256

    3.31

    Total
     
    $
    2,681,229

    3.22
    %

The table below provides detailed information for Other securities at December 31, 2024 and 2023:

Table 16

OTHER SECURITIES (in thousands)

    December 31,

    2024

    2023

    FRB and FHLB stock
     
    $
    42,672

    $
    87,672

    Equity securities with readily determinable fair values

    11,596

    11,228

    Equity securities without readily determinable fair values

    416,750

    394,035

    Total
     
    $
    471,018

    $
    492,935

Equity securities with readily determinable fair values are generally traded on an exchange and market prices are readily available.  Equity securities without readily determinable fair values are generally carried at cost less impairment.  Unrealized gains or losses on equity securities with and without readily determinable fair values are recognized in the Investment Securities gains, net line of the Company’s Consolidated Statements of Income.     

For further information on the Company’s investment securities, refer to Note 4, “Securities,” in the Notes to the Consolidated Financial Statements.

55

Other Earning Assets

Federal funds transactions essentially are overnight loans between financial institutions, which allow for either the daily investment of excess funds or the daily borrowing of another institution’s funds in order to meet short-term liquidity needs.  The net borrowed position was $70.4 million at December 31, 2024 compared to $8.8 million at December