Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 318

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 318
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 the Company’s Consolidated Statements of Cash Flows.  For the years ended December 31, 2024 and 2023, leased assets obtained in exchange for new operating lease liabilities were $4.8 million and $5.7 million, respectively.  As of December 31, 2024 and 2023, the weighted average remaining lease terms of the Company’s leases were 6.1 years and 6.5 years, respectively, and the weighted average discount rates were 3.36% and 3.17%, respectively.As of December 31, 2024, future minimum lease payments under non-cancelable operating leases were as follows (in thousands): 

        2025
         
        $
        12,018

        2026

        11,626

        2027

        10,567

        2028

        8,712

        2029

        7,074

        Thereafter

        11,386

        Total lease payments

        61,383

        Less: Interest

        6,262

        Present value of lease liabilities
         
        $
        55,121

110

9. BORROWED FUNDSThe components of the Company's long-term debt are as follows (in thousands): 

        December 31,

        2024

        2023

        Short-term debt:

        Federal Home Loan Bank 5.04% due 2024
         
        $
        —

        $
        1,000,000

        Federal Reserve Bank Term Funding Program 4.83% due 2024

        —

        800,000

        Total short-term debt

        —

        1,800,000

        Long-term debt:

        Trust Preferred Securities:

        Marquette Capital Trust I Subordinated Debentures 6.24% due 2036

        18,926

        18,607

        Marquette Capital Trust II Subordinated Debentures 6.24% due 2036

        19,429

        19,132

        Marquette Capital Trust III Subordinated Debentures 6.10% due 2036

        7,631

        7,517

        Marquette Capital Trust IV Subordinated Debentures 6.22% due 2036

        30,796

        30,356