Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 236

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 236
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 sheet credit exposures, totaled $41.2 million for the year ended December 31, 2023.  This increase is the result of the impacts of loan growth, portfolio metric changes, and changes in macro-economic metrics in the current period as compared to the prior period.

Table 5

ANALYSIS OF ALLOWANCE FOR CREDIT LOSSES (in thousands)

    2024

    2023

    Allowance – January 1
     
    $
    222,996

    $
    194,243

    Provision for credit losses

    62,000

    39,227

    Charge-offs:

    Commercial

    (5,441
    )

    (5,047
    )

    Specialty lending

    —

    (762
    )

    Commercial real estate

    (250
    )

    (266
    )

    Consumer real estate

    (432
    )

    (1,185
    )

    Consumer

    (1,524
    )

    (1,232
    )

    Credit cards

    (20,752
    )

    (9,181
    )

    Leases and other

    (4
    )

    —

    Total charge-offs

    (28,403
    )

    (17,673
    )

    Recoveries:

    Commercial and industrial

    1,890

    5,295

    Specialty lending

    4

    1

    Commercial real estate

    —

    111

    Consumer real estate

    648

    45

    Consumer

    241

    211

    Credit cards

    2,355

    1,536

    Leases and other

    3

    —

    Total recoveries

    5,141

    7,199

    Net charge-offs

    (23,262
    )

    (10,474
    )

    Allowance for credit losses – end of period
     
    $
    261,734

    $
    222,996

    Allowance for credit losses on loans
     
    $
    259,089

    $
    219,738

    Allowance for credit losses on held-to-maturity securities

    2,645

    3,258

    Loans at end of year, net of unearned interest

    25,642,301