Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 270

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 270
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    Consumer real estate

    290,643

    669,756

    636,992

    216,396

    1,813,787

    Consumer

    47,724

    37,799

    866

    97

    86,486

    Credit cards

    —

    —

    —

    —

    —

    Leases and other

    —

    23,712

    1,169

    —

    24,881

    Total fixed rate loans

    1,670,322

    4,978,137

    1,664,169

    218,724

    8,531,352

    Total loans and loans held for sale
     
    $
    17,818,176

    $
    5,676,248

    $
    1,931,909

    $
    218,724

    $
    25,645,057

Trading Account

The Bank carries taxable governmental securities in a trading account that is maintained in accordance with Board-approved policy and procedures.  The policy limits the amount and type of securities that can be carried in the trading account and requires compliance with any limits under applicable law and regulations and mandates the use of a value-at-risk methodology to manage price volatility risks within financial parameters.  The risk associated with the carrying of trading securities is offset by the sale of exchange-traded financial futures contracts, with both the trading account and futures contracts marked to market daily.  This account had a balance of $28.5 million as of December 31, 2024, compared to $18.1 million as of December 31, 2023.

The Company is subject to market risk primarily through the effect of changes in interest rates of its assets held for purposes other than trading.  The discussion in Table 22 above of interest rate risk, however, combines instruments held for trading and instruments held for purposes other than trading, because the instruments held for trading represent such a small portion of the Company’s portfolio that the interest rate risk associated with them is immaterial.

Other Market Risk

The Company has minimal foreign currency risk as a result of foreign exchange contracts.  See Note 10, “Commitments, Contingencies and Guarantees” in the Notes to the Consolidated Financial Statements.

Credit Risk Management

Credit risk represents the risk that a customer or counterparty may not perform in accordance with contractual