Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 202

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 202
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 LIABILITIES

        Demand and savings deposits

        32,719,268

        32,719,268

        —

        —

        32,719,268

        Time deposits

        3,073,591

        —

        3,073,591

        —

        3,073,591

        Other borrowings

        3,919,644

        13,813

        3,905,831

        —

        3,919,644

        Long-term debt

        383,247

        —

        413,896

        —

        413,896

        Derivatives

        105,083

        —

        105,083

        —

        105,083

        OFF-BALANCE SHEET ARRANGEMENTS

        Commitments to extend credit for loans

        11,523

        Commitments to extend resell agreements

        208

        Commercial letters of credit

        138

        Standby letters of credit

        4,047

       Cash and short-term investments The carrying amounts of cash and due from banks, federal funds sold and resell agreements are reasonable estimates of their fair values.Securities held to maturity For U.S. Agency and mortgage-backed securities, as well as general obligation bonds in the State and political subdivision portfolio, 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. 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, inputs and methodology by asset class, which is reviewed to ensure that security placement within the fair value hierarchy is appropriate.  For private placement bonds in the State and political subdivision portfolio, fair values are estimated by discounting the future cash flows using current market rates.Other securities Amount consists of FRB and FHLB stock held by the Company, equity securities with readily determinable fair values, and equity securities without readily determinable