Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 198

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 198
---
,115

        —

        Securities available for sale

        7,068,613

        1,650,017

        5,418,596

        —

        Equity securities with readily determinable fair values

        11,228

        11,228

        —

        —

        Company-owned life insurance

        69,727

        —

        69,727

        —

        Bank-owned life insurance

        523,960

        —

        523,960

        —

        Derivatives

        161,496

        —

        161,496

        —

        Total
         
        $
        7,853,117

        $
        1,664,118

        $
        6,188,999

        $
        —

        Liabilities

        Derivatives
         
        $
        105,083

        $
        —

        $
        105,083

        $
        —

        Securities sold not yet purchased

        8,018

        —

        8,018

        —

        Total
         
        $
        113,101

        $
        —

        $
        113,101

        $
        —

      Valuation methods for instruments measured at fair value on a recurring basisThe following methods and assumptions were used to estimate the fair value of each class of financial instruments measured on a recurring basis:Trading Securities Fair values for trading securities (including financial futures), are based on quoted market prices where available.  If quoted market prices are not available, fair values are based on quoted market prices for similar securities.Securities Available for Sale Fair values are based on quoted market prices or dealer quotes, if available.  If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities.  Prices are provided by third-party pricing services and are based on observable market inputs. On an annual basis, the Company compares a sample of these prices to other independent sources for the same securities. Additionally, throughout the year, if securities are sold, comparisons are made between the pricing services prices and the market prices at which the securities were sold.  Variances are analyzed, and, if appropriate, additional research is conducted with the third-party pricing services. Based on this research, the pricing services may affirm or revise their quoted price. No significant adjustments have been made to the prices provided by the pricing services. The pricing services also provide documentation on an ongoing basis that includes reference data