Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 172

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 172
---
         
        $
        608,836

        $
        —

        $
        —

        $
        608,836

        U.S. Agency

        1,496,676

        431,048

        2,750

        1,930,474

        Total repurchase agreements
         
        $
        2,105,512

        $
        431,048

        $
        2,750

        $
        2,539,310

112

        As of December 31, 2023

        Remaining Contractual Maturities of the Agreements

        2-29 days

        30-90 days

        Over 90 Days

        Total

        Repurchase agreements, secured by:

        U.S. Treasury
         
        $
        119,528

        $
        —

        $
        43,618

        $
        163,146

        U.S. Agency

        1,711,014

        186,289

        45,382

        1,942,685

        Total repurchase agreements
         
        $
        1,830,542

        $
        186,289

        $
        89,000

        $
        2,105,831

10. REGULATORY REQUIREMENTSPayment of dividends by the Bank to the parent company is subject to various regulatory restrictions.  For national banks, the governing regulatory agency must approve the declaration of any dividends generally in excess of the sum of net income for that year and retained net income for the preceding two years.  The Bank maintains a reserve balance with the FRB as required by law.  During 2024, this amount averaged $3.4 billion, compared to $2.0 billion in 2023. At December 31, 2024, the Company is required to have minimum common equity tier 1, tier 1, and total capital ratios of 4.5%, 6.0% and 8.0%, respectively.  The Company’s actual ratios at that date were 11.29%, 11.29% and 13.21%, respectively.  The Company is required to have a minimum leverage ratio of 4.0%, and the leverage ratio at December 31, 2024, was 8.50%.As of December 31, 2024, the most recent notification from the OCC categorized the