Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 321

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 321
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 funding needs. Repurchase agreements are stated at the amount of cash received in connection with the transaction. The Company monitors collateral levels on a continuous basis and may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with the Company’s safekeeping agents.  The amounts received under these agreements represent short-term borrowings.  The amount outstanding at December 31, 2024, was $2.5 billion, with accrued interest payable of $1.7 million.  The amount outstanding at December 31, 2023, was $2.1 billion, with accrued interest payable of $1.5 million.  The carrying amounts and market values of the securities and the related repurchase liabilities and weighted average interest rates of the repurchase liabilities (grouped by maturity of the repurchase agreements) were as follows as of December 31, 2024 and 2023 (in thousands): 

        As of December 31, 2024

        Securities Fair Market Value

        RepurchaseLiabilities

        Weighted AverageInterest Rate

        Maturity of the Repurchase Liabilities

        2 to 29 days
         
        $
        2,123,066

        $
        2,105,512

        3.66
        %

        30 to 90 Days

        439,400

        431,048

        4.78

        Over 90 Days

        2,750

        2,750

        2.50

        Total
         
        $
        2,565,216

        $
        2,539,310

        3.85
        %

        As of December 31, 2023

        Securities Fair Market Value

        RepurchaseLiabilities

        Weighted AverageInterest Rate

        Maturity of the Repurchase Liabilities

        2 to 29 days
         
        $
        1,544,906

        $
        1,830,542

        4.41
        %

        30 to 90 Days

        188,424

        186,289

        5.67

        Over 90 Days

        91,140

        89,000

        5.08

        Total
         
        $
        1,824,470

        $
        2,105,831