Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 104

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 104
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 Collateralized loan obligations portfolios, the Company has a robust process for monitoring credit risk, including both pre-purchase and ongoing post-purchase credit reviews and analysis.  The Company monitors credit ratings of all bond issuers in these segments and reviews available financial data, including market and sector trends.  The Company does not have the intent to sell these securities and does not believe it is more likely than not that the Company will be required to sell these securities before a recovery of amortized cost.  As of December 31, 2024, there is no ACL related to the Company’s available-for-sale securities as the decline in fair value did not result from credit issues. 

Included in Tables 14 and 15 are analyses of the fair value and average yield (tax-equivalent basis) of securities available for sale and securities held to maturity.

Table 14

SECURITIES AVAILABLE FOR SALE (in thousands)

    U.S. Treasury Securities

    U.S. Agency Securities

    December 31, 2024
     
    Fair Value

    WeightedAverage Yield

    Fair Value

    WeightedAverage Yield

    Due in one year or less
     
    $
    164,461

    2.94
    %
     
    $
    75,781

    3.10
    %

    Due after 1 year through 5 years

    1,161,612

    4.22

    53,266

    4.38

    Due after 5 years through 10 years

    —

    —

    —

    —

    Due after 10 years

    —

    —

    —

    —

    Total
     
    $
    1,326,073

    4.06
    %
     
    $
    129,047

    3.63
    %

    Mortgage-backed Securities

    State and PoliticalSubdivisions

    December 31, 2024
     
    Fair Value

    WeightedAverage Yield

    Fair Value

    WeightedAverage Yield

    Due in one year or less
     
    $
    12,036

    2.34
    %
     
    $
    97,265

    2.91
    %

    Due after 1 year through 5 years

    1,806,392

    3.27

    446,680

    2.97