Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 315

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 315
---
B stock
         
        $
        42,672

        $
        87,672

        Equity securities with readily determinable fair values

        11,596

        11,228

        Equity securities without readily determinable fair values

        416,750

        394,035

        Total
         
        $
        471,018

        $
        492,935

       Investment in FRB stock is based on the capital structure of the investing bank, and investment in FHLB stock is mainly tied to the level of borrowings from the FHLB. These holdings are carried at cost.  Equity securities with readily determinable fair values are generally traded on an exchange and market prices are readily available.  Equity securities without readily determinable fair values include equity investments which are held by a subsidiary qualified as a Small Business Investment Company, as well as investments in low-income housing partnerships within the areas the Company serves.  Unrealized gains or losses on equity securities with and without readily determinable fair values are recognized in the Investment securities gains, net line of the Company’s Consolidated Statements of Income.  

107

The table below presents the changes in equity securities without readily determinable fair values for the years ended December 31, 2024 and 2023 (in thousands): 

        Year Ended December 31,

        2024

        2023

        Balance – beginning of year
         
        $
        394,035

        $
        297,504

        Purchases of securities

        91,169

        109,487

        Observable upward price adjustments

        15,467

        2,514

        Observable downward price adjustments

        (5,153
        )

        (1,250
        )

        Sales of securities and other activity

        (78,768
        )

        (14,220
        )

        Balance – end of year
         
        $
        416,750

        $
        394,035

      Investment Securities Gains, NetThe following table presents the components of Investment securities gains (losses), net for the years ended December 31, 2024, 2023, and 2022 (in thousands): 

        Year Ended December 31,

        2024

        2023

        2022

        Investment securities gains (losses), net

        Available-for-sale debt securities:

        G