Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 150

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 150
---
104

        55

        28

        187

        163,104

        163,291

        Credit cards

        5,343

        3,056

        285

        8,684

        415,272

        423,956

        Leases and other

        —

        —

        71

        71

        301,893

        301,964

        Total loans
         
        $
        11,283

        $
        3,111

        $
        13,212

        $
        27,606

        $
        23,144,878

        $
        23,172,484

       The Company sold consumer real estate loans with proceeds of $91.1 million, $67.9 million, and $48.1 million in the secondary market without recourse during the periods ended December 31, 2024, 2023, and 2022, respectively.The Company has ceased the recognition of interest on loans with a carrying value of $19.3 million and $13.2 million at December 31, 2024 and 2023, respectively.  Restructured loans totaled $196 thousand and $548 thousand at December 31, 2024 and 2023, respectively.  Loans 90 days past due and still accruing interest amounted to $7.6 million and $3.1 million at December 31, 2024 and 2023, respectively.  All interest accrued but not received for loans placed on nonaccrual is reversed against interest income.  There was an insignificant amount of interest reversed related to loans on nonaccrual during 2024 and 2023.  Nonaccrual loans with no related allowance for credit losses totaled $19.3 million and $13.2 million at December 31, 2024 and 2023, respectively.

86

The following tables provide the amortized cost of nonaccrual loans with no related allowance for credit losses by loan class at December 31, 2024 and 2023 (in thousands): 

        December 31, 2024

        NonaccrualLoans

        Amortized Cost of Nonaccrual Loans with no related Allowance

        Loans

        Commercial and industrial
         
        $
        4,423

        $
        4,423

        Specialty