Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 80

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 80
---
 net of the disallowance of interest expense, for federal income tax purposes related to certain tax-free assets.  Rates earned/paid may not compute to the rates shown due to presentation in millions.  The tax-equivalent interest income totaled $25.9 million, $26.4 million, and $25.8 million in 2024, 2023, and 2022, respectively.

(2)Loan fees are included in interest income.  Such fees totaled $21.4 million, $17.7 million, and $18.2 million in 2024, 2023, and 2022, respectively.

(3)Loans on nonaccrual are included in the computation of average balances.  Interest income on these loans is also included in loan income.

40

THREE YEAR AVERAGE BALANCE SHEETS/YIELDS AND RATES (tax-equivalent basis)

(in millions)  

    2022

    Average Balance

    Interest Income/ Expense (1)

    Rate Earned/ Paid (1)

    ASSETS

    Loans and loans held for sale (FTE) (2) (3)
     
    $
    18,823.8

    $
    810.1

    4.30
    %

    Securities:

    Taxable

    9,616.7

    192.1

    2.00

    Tax-exempt (FTE)

    3,885.1

    122.8

    3.16

    Total securities

    13,501.8

    314.9

    2.33

    Federal funds sold and resell agreements

    965.9

    19.1

    1.98

    Interest-bearing due from banks

    2,408.5

    18.6

    0.77

    Other earning assets (FTE)

    12.1

    0.6

    4.96

    Total earning assets (FTE)

    35,712.1

    1,163.3

    3.26

    Allowance for credit losses

    (184.1
    )

    Cash and due from banks

    420.0

    Other assets

    1,631.0

    Total assets
     
    $
    37,579.0

    LIAB