XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.22.2

Securities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Securities Available for Sale | This table provides detailed information about securities available for sale at June 30, 2022 and December 31, 2021 (in thousands):
June 30, 2022 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
U.S. Treasury |  | $ | 763,497 |  |  | $ | 80 |  |  | $ | (12,825 | ) |  | $ | 750,752 |
U.S. Agencies |  |  | 178,406 |  |  |  | — |  |  |  | (3,159 | ) |  |  | 175,247 |
Mortgage-backed |  |  | 4,893,628 |  |  |  | 567 |  |  |  | (407,610 | ) |  |  | 4,486,585 |
State and political subdivisions |  |  | 1,783,759 |  |  |  | 2,402 |  |  |  | (123,786 | ) |  |  | 1,662,375 |
Corporates |  |  | 409,719 |  |  |  | 2 |  |  |  | (25,936 | ) |  |  | 383,785 |
Collateralized loan obligations |  |  | 288,496 |  |  |  | — |  |  |  | (8,024 | ) |  |  | 280,472 |
Total |  | $ | 8,317,505 |  |  | $ | 3,051 |  |  | $ | (581,340 | ) |  | $ | 7,739,216 |
December 31, 2021 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
U.S. Treasury |  | $ | 69,551 |  |  | $ | 374 |  |  | $ | (751 | ) |  | $ | 69,174 |
U.S. Agencies |  |  | 121,681 |  |  |  | 3,252 |  |  |  | (1 | ) |  |  | 124,932 |
Mortgage-backed |  |  | 7,967,537 |  |  |  | 93,390 |  |  |  | (95,872 | ) |  |  | 7,965,055 |
State and political subdivisions |  |  | 3,270,160 |  |  |  | 161,674 |  |  |  | (9,146 | ) |  |  | 3,422,688 |
Corporates |  |  | 316,840 |  |  |  | 2,504 |  |  |  | (1,498 | ) |  |  | 317,846 |
Collateralized loan obligations |  |  | 76,815 |  |  |  | 4 |  |  |  | — |  |  |  | 76,819 |
Total |  | $ | 11,822,584 |  |  | $ | 261,198 |  |  | $ | (107,268 | ) |  | $ | 11,976,514 |
Gross Unrealized Losses and Fair Value of Investment Securities Available for Sale | The following table shows the Company’s available-for-sale investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2022 and December 31, 2021 (in thousands):
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
June 30, 2022 |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |
Description of Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  |  | 61 |  |  | $ | 735,873 |  |  | $ | (12,825 | ) |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 61 |  |  | $ | 735,873 |  |  | $ | (12,825 | )
U.S. Agencies |  |  | 29 |  |  |  | 175,248 |  |  |  | (3,159 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 29 |  |  |  | 175,248 |  |  |  | (3,159 | )
Mortgage-backed |  |  | 827 |  |  |  | 3,869,920 |  |  |  | (337,668 | ) |  |  | 31 |  |  |  | 514,883 |  |  |  | (69,942 | ) |  |  | 858 |  |  |  | 4,384,803 |  |  |  | (407,610 | )
State and political subdivisions |  |  | 1,842 |  |  |  | 1,281,911 |  |  |  | (109,512 | ) |  |  | 60 |  |  |  | 54,828 |  |  |  | (14,274 | ) |  |  | 1,902 |  |  |  | 1,336,739 |  |  |  | (123,786 | )
Corporates |  |  | 275 |  |  |  | 374,793 |  |  |  | (25,809 | ) |  |  | 2 |  |  |  | 3,991 |  |  |  | (127 | ) |  |  | 277 |  |  |  | 378,784 |  |  |  | (25,936 | )
Collateralized loan obligations |  |  | 40 |  |  |  | 280,472 |  |  |  | (8,024 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 40 |  |  |  | 280,472 |  |  |  | (8,024 | )
Total |  |  | 3,074 |  |  | $ | 6,718,217 |  |  |  | (496,997 | ) |  |  | 93 |  |  |  | 573,702 |  |  |  | (84,343 | ) |  |  | 3,167 |  |  | $ | 7,291,919 |  |  | $ | (581,340 | )
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
December 31, 2021 |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |
Description of Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  |  | 4 |  |  | $ | 58,867 |  |  | $ | (751 | ) |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 4 |  |  | $ | 58,867 |  |  | $ | (751 | )
U.S. Agencies |  |  | 1 |  |  |  | 11,149 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 11,149 |  |  |  | (1 | )
Mortgage-backed |  |  | 344 |  |  |  | 5,404,968 |  |  |  | (87,301 | ) |  |  | 13 |  |  |  | 233,295 |  |  |  | (8,571 | ) |  |  | 357 |  |  |  | 5,638,263 |  |  |  | (95,872 | )
State and political subdivisions |  |  | 357 |  |  |  | 329,042 |  |  |  | (6,969 | ) |  |  | 31 |  |  |  | 44,939 |  |  |  | (2,177 | ) |  |  | 388 |  |  |  | 373,981 |  |  |  | (9,146 | )
Corporates |  |  | 152 |  |  |  | 193,899 |  |  |  | (1,498 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 152 |  |  |  | 193,899 |  |  |  | (1,498 | )
Collateralized loan obligations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 858 |  |  | $ | 5,997,925 |  |  | $ | (96,520 | ) |  |  | 44 |  |  | $ | 278,234 |  |  | $ | (10,748 | ) |  |  | 902 |  |  | $ | 6,276,159 |  |  | $ | (107,268 | )
Gross Unrealized Losses and Fair Value of Investment Securities Held to Maturity | The following table shows the Company’s held-to-maturity investments’ gross unrealized losses and fair value, aggregated by length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2022 and December 31, 2021, respectively (in thousands):
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
June 30, 2022 |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |
U.S. Agencies |  |  | 11 |  |  | $ | 121,856 |  |  | $ | (1,177 | ) |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 11 |  |  | $ | 121,856 |  |  | $ | (1,177 | )
Mortgage-backed |  |  | 252 |  |  |  | 2,843,277 |  |  |  | (212,959 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 252 |  |  |  | 2,843,277 |  |  |  | (212,959 | )
State and political subdivisions |  |  | 1,321 |  |  |  | 1,676,062 |  |  |  | (200,246 | ) |  |  | 44 |  |  |  | 357,949 |  |  |  | (50,516 | ) |  |  | 1,365 |  |  |  | 2,034,011 |  |  |  | (250,762 | )
Total |  |  | 1,584 |  |  | $ | 4,641,195 |  |  | $ | (414,382 | ) |  |  | 44 |  |  | $ | 357,949 |  |  | $ | (50,516 | ) |  |  | 1,628 |  |  | $ | 4,999,144 |  |  | $ | (464,898 | )
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
December 31, 2021 |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |  |  | Count |  |  | Fair Value |  |  | Unrealized Losses |
Mortgage-backed |  |  | 12 |  |  | $ | 317,887 |  |  | $ | (2,431 | ) |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 12 |  |  | $ | 317,887 |  |  | $ | (2,431 | )
State and political subdivisions |  |  | 58 |  |  |  | 585,153 |  |  |  | (12,494 | ) |  |  | 28 |  |  |  | 217,579 |  |  |  | (26,460 | ) |  |  | 86 |  |  |  | 802,732 |  |  |  | (38,954 | )
Total |  |  | 70 |  |  | $ | 903,040 |  |  | $ | (14,925 | ) |  |  | 28 |  |  | $ | 217,579 |  |  | $ | (26,460 | ) |  |  | 98 |  |  | $ | 1,120,619 |  |  | $ | (41,385 | )
Schedule of Amortized Cost Basis by Credit Rating of Held to Maturity Investment | The following tables show the amortized cost basis by credit rating of the Company’s held-to-maturity investments at June 30, 2022 and December 31, 2021 (in thousands):
|  | Amortized Cost Basis by Credit Rating - HTM Debt Securities |
June 30, 2022 |  | AAA |  |  | AA |  |  | A |  |  | BBB |  |  | BB |  |  | CCC-C |  |  | Total |
State and political subdivisions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Competitive |  | $ | — |  |  | $ | — |  |  | $ | 392,343 |  |  | $ | 628,494 |  |  | $ | 18,975 |  |  | $ | 789 |  |  | $ | 1,040,601 |
Utilities and general obligation |  |  | 576,670 |  |  |  | 769,033 |  |  |  | 84,104 |  |  |  | 26,722 |  |  |  | 564 |  |  |  | — |  |  |  | 1,457,093 |
Total state and political subdivisions |  | $ | 576,670 |  |  | $ | 769,033 |  |  | $ | 476,447 |  |  | $ | 655,216 |  |  | $ | 19,539 |  |  | $ | 789 |  |  | $ | 2,497,694 |
|  | Amortized Cost Basis by Credit Rating - HTM Debt Securities |
December 31, 2021 |  | A |  |  | BBB |  |  | BB |  |  | CCC-C |  |  | Total |
State and political subdivisions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Competitive |  | $ | 372,696 |  |  | $ | 605,104 |  |  | $ | 20,678 |  |  | $ | 870 |  |  | $ | 999,348 |
Utilities |  |  | 55,096 |  |  |  | 29,838 |  |  |  | — |  |  |  | — |  |  |  | 84,934 |
Total state and political subdivisions |  | $ | 427,792 |  |  | $ | 634,942 |  |  | $ | 20,678 |  |  | $ | 870 |  |  | $ | 1,084,282 |
Schedule of Aging of Past Due Held to Maturity Securities | The following table presents the aging of past due held-to-maturity securities at December 31, 2021 (in thousands):
December 31, 2021 |  | 30-89 Days Past Due and Accruing |  |  | Greater than 90 Days Past Due and Accruing |  |  | Non- Accrual |  |  | Total Past Due |  |  | Current |  |  | Total |
State and political subdivisions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Competitive |  | $ | 7,795 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,795 |  |  | $ | 991,553 |  |  | $ | 999,348 |
Utilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 84,934 |  |  |  | 84,934 |
Total state and political subdivisions |  | $ | 7,795 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,795 |  |  | $ | 1,076,487 |  |  | $ | 1,084,282 |
Schedule of Other Securities | The table below provides detailed information for Other securities at June 30, 2022 and December 31, 2021 (in thousands):
|  | June 30, 2022 |  |  | December 31, 2021 |
FRB and FHLB stock |  | $ | 36,222 |  |  | $ | 36,222 |
Equity securities with readily determinable fair values |  |  | 40,639 |  |  |  | 64,149 |
Equity securities without readily determinable fair values |  |  | 265,682 |  |  |  | 226,727 |
Total |  | $ | 342,543 |  |  | $ | 327,098 |
Schedule of Components of Investment Securities Gains, Net | The table below presents the components of Investments securities gains, net for the three and six months ended June 30, 2022 and June 30, 2021 (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Investment securities gains, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains realized on sales |  | $ | — |  |  | $ | 1,300 |  |  | $ | — |  |  | $ | 4,020 |
Equity securities with readily determinable fair values: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net |  |  | (5,407 | ) |  |  | 8,738 |  |  |  | (7,129 | ) |  |  | (5,180 | )
Equity securities without readily determinable fair values: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments, net |  |  | (35 | ) |  |  | 5,417 |  |  |  | 1,165 |  |  |  | 8,279 |
Sales |  |  | 66,162 |  |  |  | — |  |  |  | 66,162 |  |  |  | — |
Total investment securities gains, net |  | $ | 60,720 |  |  | $ | 15,455 |  |  | $ | 60,198 |  |  | $ | 7,119 |
Available-for-sale Securities [Member] |
Contractual Maturity Information | The following table presents contractual maturity information for securities available for sale at June 30, 2022 (in thousands):
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
Due in 1 year or less |  | $ | 108,437 |  |  | $ | 108,364 |
Due after 1 year through 5 years |  |  | 1,571,301 |  |  |  | 1,533,973 |
Due after 5 years through 10 years |  |  | 760,248 |  |  |  | 727,509 |
Due after 10 years |  |  | 983,891 |  |  |  | 882,785 |
Total |  |  | 3,423,877 |  |  |  | 3,252,631 |
Mortgage-backed securities |  |  | 4,893,628 |  |  |  | 4,486,585 |
Total securities available for sale |  | $ | 8,317,505 |  |  | $ | 7,739,216 |
Held-to-maturity Securities [Member] |
Contractual Maturity Information | The following table shows the Company’s held-to-maturity investments’ amortized cost, fair value, and gross unrealized gains and losses at June 30, 2022 and December 31, 2021, respectively (in thousands):
June 30, 2022 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Allowance for Credit Losses |  |  | Net Carrying Amount |
U.S. Agencies |  | $ | 123,033 |  |  | $ | — |  |  | $ | (1,177 | ) |  | $ | 121,856 |  |  | $ | — |  |  | $ | 123,033 |
Mortgage-backed |  |  | 3,088,814 |  |  |  | 160 |  |  |  | (212,959 | ) |  |  | 2,876,015 |  |  |  | — |  |  |  | 3,088,814 |
State and political subdivisions |  |  | 2,497,694 |  |  |  | 648 |  |  |  | (250,762 | ) |  |  | 2,247,580 |  |  |  | (2,259 | ) |  |  | 2,495,435 |
Total |  | $ | 5,709,541 |  |  | $ | 808 |  |  | $ | (464,898 | ) |  | $ | 5,245,451 |  |  | $ | (2,259 | ) |  | $ | 5,707,282 |
December 31, 2021 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Allowance for Credit Losses |  |  | Net Carrying Amount |
Mortgage-backed |  | $ | 396,134 |  |  | $ | 14 |  |  | $ | (2,431 | ) |  | $ | 393,717 |  |  | $ | — |  |  | $ | 396,134 |
State and political subdivisions |  |  | 1,084,282 |  |  |  | 3,346 |  |  |  | (38,954 | ) |  |  | 1,048,674 |  |  |  | (1,940 | ) |  |  | 1,082,342 |
Total |  | $ | 1,480,416 |  |  | $ | 3,360 |  |  | $ | (41,385 | ) |  | $ | 1,442,391 |  |  | $ | (1,940 | ) |  | $ | 1,478,476 |
The following table presents contractual maturity information for securities held to maturity at June 30, 2022 (in thousands):
|  | Amortized Cost |  |  | Fair Value |
Due in 1 year or less |  | $ | 55,797 |  |  | $ | 55,397 |
Due after 1 year through 5 years |  |  | 341,617 |  |  |  | 333,267 |
Due after 5 years through 10 years |  |  | 720,150 |  |  |  | 654,860 |
Due after 10 years |  |  | 1,503,163 |  |  |  | 1,325,912 |
Total |  |  | 2,620,727 |  |  |  | 2,369,436 |
Mortgage-backed securities |  |  | 3,088,814 |  |  |  | 2,876,015 |
Total securities held to maturity |  | $ | 5,709,541 |  |  | $ | 5,245,451 |

X
- Definition Schedule of other securities. + References No definition available. + Details
Name: | umbf_ScheduleOfOtherSecuritiesTableTextBlock
Namespace Prefix: | umbf_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of credit quality indicator for investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 + Details
Name: | us-gaap_DebtSecuritiesHeldToMaturityCreditQualityIndicatorTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447 + Details
Name: | us-gaap_DebtSecuritiesHeldToMaturityPastDueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References No definition available. + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269825-111563 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269820-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27232-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_InformationByCategoryOfDebtSecurityAxis=us-gaap_AvailableforsaleSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InformationByCategoryOfDebtSecurityAxis=us-gaap_HeldtomaturitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |