Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 201

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 201
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 collateral dependent/impaired loans paragraph above. Subsequent to foreclosure, valuations are reviewed quarterly and updated periodically, and the assets may be marked down further, reflecting a new cost basis. Fair value measurements may be based upon appraisals, third-party price opinions, or internally developed pricing methods and those measurements are classified as Level 3.Fair value disclosures require disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis.The estimated fair value of the Company’s financial instruments at December 31, 2024 and 2023 are as follows (in thousands): 

        Fair Value Measurement at December 31, 2024 Using

        Carrying Amount

        Quoted Prices in Active Markets for Identical Assets (Level 1)

        Significant Other Observable Inputs (Level 2)

        Significant Unobservable Inputs (Level 3)

        Total Estimated Fair Value

        FINANCIAL ASSETS

        Cash and short-term investments
         
        $
        9,104,445

        $
        8,559,445

        $
        545,000

        $
        —

        $
        9,104,445

        Securities available for sale

        7,774,334

        1,643,243

        6,131,091

        —

        7,774,334

        Securities held to maturity (exclusive of allowance for credit losses)

        5,378,912

        —

        4,748,938

        —

        4,748,938

        Trading securities

        28,533

        8,695

        19,838

        —

        28,533

        Other securities

        471,018

        11,596

        459,422

        —

        471,018

        Loans (exclusive of allowance for credit losses)

        25,645,057

        —

        25,665,211

        —

        25,665,211

        Derivatives

        234,443

        —

        234,443

        —

        234,443

        FINANCIAL LIABILITIES

        Demand and savings deposits

        41,014,362

        41,014,362

        —

        —

        41,014,362

        Time deposits