Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 281

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 281
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 of repayment, and any relevant guarantees or underlying collateral

•evaluating the methodology used to develop the qualitative factors and the effect of those factors on the collective ACL compared with relevant credit risk factors and consistency with credit trends and identified limitations of the underlying quantitative models.

/s/ KPMG LLP

We have served as the Company’s auditor since 2014.

Kansas City, MissouriFebruary 27, 2025

73

UMB FINANCIAL CORPORATION

CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except share and per share data)

    December 31,

    2024

    2023

    ASSETS

    Loans
     
    $
    25,642,301

    $
    23,172,484

    Allowance for credit losses on loans

    (259,089
    )

    (219,738
    )

    Net loans

    25,383,212

    22,952,746

    Loans held for sale

    2,756

    4,420

    Securities:

    Available for sale (amortized cost of $8,407,676 and $7,692,860, respectively)

    7,774,334

    7,068,613

    Held to maturity, net of allowance for credit losses of $2,645 and $3,258, respectively (fair value of $4,748,938 and $5,183,367, respectively)

    5,376,267

    5,688,610

    Trading securities

    28,533

    18,093

    Other securities

    471,018

    492,935

    Total securities

    13,650,152

    13,268,251

    Federal funds sold and securities purchased under agreements to resell

    545,000

    245,344

    Interest-bearing due from banks

    7,986,270

    5,159,802

    Cash and due from banks

    573,175

    447,201

    Premises and equipment, net

    221,773

    241,700

    Accrued income

    246,095

    220,306

    Goodwill

    207,385

    207,385

    Other intangibles, net

    63,