10-Q – 2026-04-30 – umbf-20260331.htm

10-Q

0000101382 Q1 false --12-31 P1Y http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/srt/2025#ChiefExecutiveOfficerMember http://fasb.org/srt/2025#ChiefFinancialOfficerMember http://www.umb.com/20260331#BanksChiefExecutiveOfficerMember http://www.umb.com/20260331#ChiefAdministrativeOfficerMember http://fasb.org/us-gaap/2025#OtherAssets http://fasb.org/us-gaap/2025#OtherLiabilities http://fasb.org/us-gaap/2025#OtherAssets http://fasb.org/us-gaap/2025#OtherLiabilities September 30, 2032 September 30, 2037 September 15 2031 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2026-03-31 0000101382 us-gaap:OperatingSegmentsMember 2026-01-01 2026-03-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2025-12-31 0000101382 us-gaap:NonperformingFinancingReceivableMember umbf:RealEstateJuniorLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2026-03-31 0000101382 us-gaap:CollateralizedLoanObligationsMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember srt:MoodysB2RatingMember 2026-03-31 0000101382 us-gaap:PreferredStockMember 2025-12-31 0000101382 2025-01-31 2025-01-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SubstandardMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditScoreMember 2025-12-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember us-gaap:SpecialMentionMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 srt:MoodysB1RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember umbf:OtherFinancialServicesMember 2026-01-01 2026-03-31 0000101382 us-gaap:SubstandardMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateGeneralConstructionMember 2025-12-31 0000101382 us-gaap:NondesignatedMember us-gaap:CommodityContractMember 2026-03-31 0000101382 us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 us-gaap:EmployeeStockOptionMember 2025-01-01 2025-03-31 0000101382 us-gaap:FinancialAssetNotPastDueMember umbf:LeasesAndOtherPortfolioSegmentMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CyclePastDue121To150DaysMember umbf:ConsumerCreditCardMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:OCGIStatutoryTrustIVMember 2026-03-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 us-gaap:SubstandardMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateGeneralConstructionMember 2026-03-31 0000101382 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:DepositAccountMember umbf:CommercialBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember umbf:CollateralDependentAssetsMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember srt:MoodysB3RatingMember 2025-12-31 0000101382 us-gaap:MaturityUpTo30DaysMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateFarmlandMember 2026-03-31 0000101382 us-gaap:MortgageBackedSecuritiesMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2026-01-01 2026-03-31 0000101382 us-gaap:CommodityContractMember 2025-12-31 0000101382 us-gaap:MaturityUpTo30DaysMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2025-12-31 0000101382 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 us-gaap:USStatesAndPoliticalSubdivisionsMember srt:MoodysB3RatingMember 2025-12-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:InterestIncomeMember us-gaap:FairValueHedgingMember 2025-01-01 2025-03-31 0000101382 srt:MaximumMember 2026-01-01 2026-03-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:CommercialBankingMember us-gaap:FiduciaryAndTrustMember 2026-01-01 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherAutoMember 2026-03-31 0000101382 umbf:CreditScore700To719Member umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CollateralPledgedMember umbf:ConsumerOtherAutoMember 2026-03-31 0000101382 us-gaap:RestrictedStockUnitsRSUMember 2026-01-01 2026-03-31 0000101382 us-gaap:CollateralPledgedMember 2025-12-31 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2025-12-31 0000101382 us-gaap:InterestRateContractMember 2025-12-31 0000101382 umbf:AgricultureLoansMember us-gaap:SpecialMentionMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CommonStockMember umbf:HeartlandFinancialUsaIncMember 2025-01-31 0000101382 srt:MoodysA3RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherAutoMember us-gaap:NonperformingFinancingReceivableMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember 2024-12-31 0000101382 us-gaap:OperatingSegmentsMember umbf:CommercialBankingMember 2025-01-01 2025-03-31 0000101382 umbf:EquitySecuritiesWithReadilyDeterminableFairValuesMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore720To739Member 2026-03-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:OtherRealEstateOwnedMember 2026-03-31 0000101382 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:ConsumerOtherMember us-gaap:PerformingFinancingReceivableMember 2026-03-31 0000101382 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2025-01-31 0000101382 us-gaap:FinancialAssetPastDueMember 2026-03-31 0000101382 umbf:OtherFinancingReceivableMember umbf:LeasesAndOtherPortfolioSegmentMember us-gaap:PassMember 2026-03-31 0000101382 umbf:BrokerageFeesMember umbf:PersonalBankingMember 2025-01-01 2025-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SubstandardMember umbf:CommercialRealEstateOwnerOccupiedMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysCRatingMember 2025-12-31 0000101382 umbf:ConsumerCycleDelinquencyMember umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember 2025-12-31 0000101382 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:RealEstateJuniorLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:HeartlandFinancialUsaIncMember umbf:SubordinatedDebtTwoMember 2026-01-01 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysB1RatingMember 2025-12-31 0000101382 us-gaap:OperatingSegmentsMember umbf:PersonalBankingMember 2025-01-01 2025-03-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 us-gaap:SeriesBPreferredStockMember 2026-01-01 2026-03-31 0000101382 srt:MoodysB2RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember us-gaap:SpecialMentionMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2026-03-31 0000101382 umbf:AssetBasedLoansMember umbf:SpecialityLendingPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 us-gaap:DepositAccountMember umbf:CommercialBankingMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:RealEstateFirstLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CyclePastDue151To180DaysMember umbf:ConsumerCreditCardMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember 2025-12-31 0000101382 us-gaap:NonperformingFinancingReceivableMember umbf:RealEstateJuniorLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:LeasesAndOtherPortfolioSegmentMember 2025-12-31 0000101382 umbf:CommercialBankingMember us-gaap:FiduciaryAndTrustMember 2025-01-01 2025-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember us-gaap:InterestRateFloorMember 2026-03-31 0000101382 umbf:InstitutionalBankingMember us-gaap:OperatingSegmentsMember 2026-01-01 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 us-gaap:MaturityUpTo30DaysMember us-gaap:USTreasurySecuritiesMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember 2026-03-31 0000101382 umbf:HeldToMaturityPortfolioSegmentMember 2024-12-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:MaturityOvernightMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CitywideCapitalTrustVMember 2026-01-01 2026-03-31 0000101382 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2025-12-31 0000101382 umbf:LoansPortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustVIMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:FinancingReceivables30To89DaysPastDueMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysA1RatingMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CBNMCapitalTrustIMember 2026-03-31 0000101382 us-gaap:PreferredStockMember 2026-03-31 0000101382 us-gaap:FinancialAssetNotPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CollateralPledgedMember umbf:ConsumerOtherRevolvingLineMember 2026-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateFarmlandMember 2025-12-31 0000101382 us-gaap:Maturity30To90DaysMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2025-12-31 0000101382 us-gaap:FinancialAssetNotPastDueMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore600To619Member 2025-12-31 0000101382 umbf:InvestmentSecuritiesGainsLossesNetMember 2026-01-01 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember 2024-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:FinancialAssetPastDueMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember us-gaap:CreditCardMember 2025-01-01 2025-03-31 0000101382 us-gaap:DepositAccountMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateGeneralConstructionMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember 2025-03-31 0000101382 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 us-gaap:TreasuryStockCommonMember 2025-03-31 0000101382 us-gaap:RetainedEarningsMember 2025-12-31 0000101382 2025-01-01 2025-03-31 0000101382 us-gaap:DepositAccountMember umbf:PersonalBankingMember 2026-01-01 2026-03-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember srt:MoodysA3RatingMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CitywideCapitalTrustIIIMember 2026-01-01 2026-03-31 0000101382 umbf:AssetBasedLoansMember umbf:SpecialityLendingPortfolioSegmentMember 2025-12-31 0000101382 umbf:InsuranceFeesAndCommissionsMember 2026-01-01 2026-03-31 0000101382 umbf:AgricultureLoansMember umbf:CommercialAndIndustrialPortfolioSegmentMember us-gaap:DoubtfulMember 2025-12-31 0000101382 umbf:SubordinatedDebtOneMember 2026-03-31 0000101382 umbf:HeartlandFinancialUsaIncMember umbf:CommercialBankingMember 2025-01-31 0000101382 umbf:PersonalBankingMember umbf:OtherFinancialServicesMember 2025-01-01 2025-03-31 0000101382 us-gaap:NondesignatedMember us-gaap:CommodityContractMember 2026-01-01 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember umbf:FinancingReceivables30To89DaysPastDueMember 2026-03-31 0000101382 umbf:CommercialBankingMember us-gaap:CreditCardMember 2026-01-01 2026-03-31 0000101382 us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember umbf:HeartlandFinancialUsaIncMember srt:MaximumMember 2025-01-31 2025-01-31 0000101382 umbf:SubordinatedDebtOneMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember us-gaap:CreditCardMember 2026-01-01 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMember 2025-12-31 0000101382 umbf:CommercialBankingMember umbf:BrokerageFeesMember 2025-01-01 2025-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CBNMCapitalTrustIMember 2026-01-01 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateGeneralConstructionMember 2026-03-31 0000101382 us-gaap:DepositAccountMember umbf:InstitutionalBankingMember 2025-01-01 2025-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SubstandardMember umbf:CommercialRealEstateFarmlandMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateGeneralConstructionMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:BrokerageFeesMember 2025-01-01 2025-03-31 0000101382 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0000101382 us-gaap:USTreasurySecuritiesMember 2026-03-31 0000101382 2024-12-31 0000101382 umbf:InstitutionalBankingMember 2024-12-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2025-12-31 0000101382 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember 2026-03-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember umbf:OverdraftsMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancialAssetPastDueMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateOwnerOccupiedMember 2025-12-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember us-gaap:InterestRateFloorMember 2025-12-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember 2025-12-31 0000101382 umbf:CommitmentsToExtendCreditUnderCreditCardLoansMember 2024-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2025-01-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore620To639Member 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateOwnerOccupiedMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore760To779Member 2025-12-31 0000101382 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-03-31 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember 2024-12-31 0000101382 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000101382 umbf:PersonalBankingMember 2025-12-31 0000101382 us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 umbf:RealEstateFirstLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:RealEstateFirstLienOneToFourFamilyMember us-gaap:NonperformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 srt:MoodysA1RatingMember umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MarquetteCapitalTrustIVMember 2026-01-01 2026-03-31 0000101382 us-gaap:NondesignatedMember us-gaap:InterestRateContractMember 2025-01-01 2025-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MorrillStatutoryTrustIMember 2026-03-31 0000101382 2025-01-31 0000101382 us-gaap:CollateralizedDebtObligationsMember 2026-03-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:SpecialityLendingPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateGeneralConstructionMember 2025-12-31 0000101382 umbf:HeldToMaturityPortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 us-gaap:Maturity30To90DaysMember 2026-03-31 0000101382 us-gaap:FinancialAssetPastDueMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:CollateralDependentAssetsMember 2026-03-31 0000101382 umbf:PersonalBankingMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore720To739Member 2025-12-31 0000101382 umbf:OtherFinancialServicesMember 2026-01-01 2026-03-31 0000101382 us-gaap:PreferredStockMember 2025-03-31 0000101382 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2026-03-31 0000101382 umbf:SubordinatedDebtOneMember 2026-01-01 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CreditScoreGreaterThan840Member umbf:RevolverAccountsMember 2025-12-31 0000101382 us-gaap:MortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2026-03-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2026-03-31 0000101382 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore740To759Member 2025-12-31 0000101382 umbf:BankcardFeesMember 2026-01-01 2026-03-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:OtherFinancialServicesMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:EquipmentAccountsReceivableInventoryMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateContractMember 2026-03-31 0000101382 us-gaap:ForwardContractsMember 2025-09-30 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 umbf:ConsumerRealEstateLoanClassMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:RealEstateFirstLienOneToFourFamilyMember us-gaap:PerformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:OCGIStatutoryTrustIIIMember 2026-01-01 2026-03-31 0000101382 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember umbf:OtherRealEstateOwnedMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:FairValueHedgingMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember umbf:TradingAndInvestmentBankingMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:UsGovernmentAndOtherPublicDepositMember 2025-12-31 0000101382 umbf:PersonalBankingMember us-gaap:FiduciaryAndTrustMember 2026-01-01 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MorrillStatutoryTrustIIMember 2026-01-01 2026-03-31 0000101382 umbf:InstitutionalBankingMember 2025-01-01 2025-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysA3RatingMember 2025-12-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember us-gaap:PassMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember umbf:HeartlandFinancialUsaIncMember srt:MaximumMember 2026-01-01 2026-03-31 0000101382 us-gaap:TreasuryStockCommonMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember umbf:CommercialCreditCardMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:OCGIStatutoryTrustIVMember 2026-01-01 2026-03-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember 2024-12-31 0000101382 us-gaap:LetterOfCreditMember umbf:FederalHomeLoanBankMember 2026-03-31 0000101382 umbf:HealthcareSavingsAccountBusinessMember 2025-09-02 2025-09-02 0000101382 us-gaap:USTreasurySecuritiesMember us-gaap:MaturityOvernightMember 2026-03-31 0000101382 umbf:PersonalBankingMember 2026-01-01 2026-03-31 0000101382 umbf:BrokerageFeesMember umbf:PersonalBankingMember 2026-01-01 2026-03-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember us-gaap:SpecialMentionMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember umbf:CommercialAndIndustrialPortfolioSegmentMember us-gaap:DoubtfulMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember us-gaap:FinancialAssetNotPastDueMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMember 2026-03-31 0000101382 us-gaap:InterestRateContractMember 2025-01-01 2025-03-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember 2025-12-31 0000101382 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0000101382 umbf:SubordinatedDebtOneMember 2022-09-01 2022-09-30 0000101382 us-gaap:MortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CreditScoreLessThan600Member umbf:RevolverAccountsMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherAutoMember 2025-12-31 0000101382 umbf:InterestRateFloorsAndFloorSpreadsMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2025-01-01 2025-03-31 0000101382 us-gaap:MaturityOver90DaysMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2026-03-31 0000101382 us-gaap:OperatingSegmentsMember umbf:PersonalBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 us-gaap:SubstandardMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateOwnerOccupiedMember 2025-12-31 0000101382 umbf:AgricultureLoansMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember 2026-03-31 0000101382 srt:MoodysB2RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:OtherRealEstateOwnedMember 2025-01-01 2025-12-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember umbf:CommercialAndIndustrialPortfolioSegmentMember us-gaap:DoubtfulMember 2026-03-31 0000101382 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 us-gaap:ResidentialRealEstateMember 2026-01-01 2026-03-31 0000101382 umbf:CommercialBankingMember us-gaap:CreditCardMember 2025-01-01 2025-03-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2026-03-31 0000101382 umbf:LeasesAndOtherPortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 us-gaap:PerformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2026-03-31 0000101382 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysA3RatingMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditScoreMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateFarmlandMember 2025-12-31 0000101382 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherTradingMember 2025-12-31 0000101382 umbf:OtherFinancingReceivableMember umbf:LeasesAndOtherPortfolioSegmentMember 2026-03-31 0000101382 umbf:RealEstateFirstLienOneToFourFamilyMember us-gaap:PerformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember 2024-12-31 0000101382 umbf:PersonalBankingMember 2025-01-01 2025-12-31 0000101382 umbf:CreditScore700To719Member umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember 2026-03-31 0000101382 us-gaap:NonperformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2025-12-31 0000101382 umbf:SubordinatedDebtTwoMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember umbf:CommercialCreditCardMember 2026-03-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2026-01-01 2026-03-31 0000101382 us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember umbf:HeartlandFinancialUsaIncMember srt:MinimumMember 2026-01-01 2026-03-31 0000101382 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CitywideCapitalTrustVMember 2026-03-31 0000101382 umbf:FederalHomeLoanBankMember 2026-03-31 0000101382 umbf:CommitmentsToExtendCreditForSecuritiesPurchasedUnderAgreementsToResellMember 2025-09-30 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherRevolvingLineMember us-gaap:NonperformingFinancingReceivableMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore740To759Member 2026-03-31 0000101382 2025-03-31 0000101382 umbf:FederalReserveBankAndFederalHomeLoanBankStockMember 2025-12-31 0000101382 srt:MoodysA3RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MarquetteCapitalTrustIVMember 2026-03-31 0000101382 umbf:CommitmentsToExtendCreditUnderCreditCardLoansMember 2025-09-30 0000101382 umbf:CommercialBankingMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateOwnerOccupiedMember 2026-03-31 0000101382 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:MarquetteCapitalTrustIIIMember umbf:TrustPreferredSecuritiesMember 2026-01-01 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysB1RatingMember 2026-03-31 0000101382 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2025-01-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember us-gaap:PassMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember 2026-01-01 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:AgricultureLoansMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:FinancialAssetPastDueMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember umbf:OverdraftsMember 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember us-gaap:CommonStockMember 2025-01-31 2025-01-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:DoubtfulMember umbf:CommercialRealEstateGeneralConstructionMember 2026-03-31 0000101382 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherTradingMember 2025-12-31 0000101382 umbf:SpotForeignExchangeContractsMember 2024-12-31 0000101382 us-gaap:FinancialAssetNotPastDueMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherRevolvingLineMember us-gaap:NonperformingFinancingReceivableMember 2025-12-31 0000101382 umbf:CommercialBankingMember umbf:OtherFinancialServicesMember 2025-01-01 2025-03-31 0000101382 umbf:FederalReserveBankAndFederalHomeLoanBankStockMember 2026-03-31 0000101382 us-gaap:USStatesAndPoliticalSubdivisionsMember srt:MoodysCRatingMember 2025-12-31 0000101382 umbf:ConsumerCycleDelinquencyMember umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember 2026-03-31 0000101382 umbf:LoansPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:CollateralDependentAssetsMember 2025-01-01 2025-12-31 0000101382 us-gaap:Maturity30To90DaysMember 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember umbf:SubordinatedDebtTwoMember 2025-01-31 0000101382 us-gaap:CollateralPledgedMember umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysCRatingMember 2026-03-31 0000101382 umbf:AssetBasedLoansMember umbf:InMarginMember umbf:SpecialityLendingPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherAutoMember us-gaap:PerformingFinancingReceivableMember 2026-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 us-gaap:NondesignatedMember us-gaap:InterestRateContractMember 2025-12-31 0000101382 us-gaap:MortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateGeneralConstructionMember 2026-03-31 0000101382 us-gaap:FinancialAssetPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CreditScore680To699Member umbf:RevolverAccountsMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MarquetteCapitalTrustIMember 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:UsGovernmentAndOtherPublicDepositMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember 2025-12-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:FinancingReceivables30To89DaysPastDueMember 2025-12-31 0000101382 umbf:CommitmentsToExtendCreditForLoansExcludingCreditCardLoansMember 2025-09-30 0000101382 umbf:AgricultureLoansMember umbf:CommercialAndIndustrialPortfolioSegmentMember us-gaap:DoubtfulMember 2026-03-31 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember us-gaap:PassMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CommonStockMember 2024-12-31 0000101382 umbf:LoansPortfolioSegmentMember 2024-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore660To679Member 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancialAssetPastDueMember 2025-12-31 0000101382 umbf:BrokerageFeesMember 2026-01-01 2026-03-31 0000101382 umbf:AccruedExpensesAndTaxesMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2025-12-31 0000101382 us-gaap:ResidentialRealEstateMember 2025-01-01 2025-03-31 0000101382 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore760To779Member 2026-03-31 0000101382 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0000101382 umbf:SpecialityLendingPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:CommodityContractMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember umbf:InterestRateFloorsAndFloorSpreadsMember us-gaap:CashFlowHedgingMember 2026-01-01 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2025-12-31 0000101382 srt:MoodysA2RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 umbf:SubordinatedDebtTwoMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:TransactorAccountsMember 2026-03-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember 2025-12-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MarquetteCapitalTrustIMember 2026-01-01 2026-03-31 0000101382 us-gaap:DepositAccountMember umbf:InstitutionalBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:FairValueHedgingMember 2025-01-01 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateOwnerOccupiedMember 2026-03-31 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember 2025-03-31 0000101382 umbf:LoansPortfolioSegmentMember 2025-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:SheboyganStatutoryTrustIMember 2026-03-31 0000101382 umbf:CommercialBankingMember umbf:BrokerageFeesMember 2026-01-01 2026-03-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember us-gaap:SubstandardMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:StandbyLettersOfCreditMember 2025-09-30 0000101382 umbf:LoansPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:CoreDepositsMember 2026-03-31 0000101382 us-gaap:MaturityOvernightMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:ConsumerOtherMember 2026-03-31 0000101382 us-gaap:CustomerRelationshipsMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:SheboyganStatutoryTrustIMember 2026-01-01 2026-03-31 0000101382 us-gaap:FairValueInputsLevel2Member 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateOwnerOccupiedMember 2025-12-31 0000101382 umbf:PersonalBankingMember 2025-01-01 2025-03-31 0000101382 us-gaap:RetainedEarningsMember 2025-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:ConsumerOtherMember 2026-03-31 0000101382 us-gaap:RetainedEarningsMember 2024-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMember 2025-12-31 0000101382 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0000101382 umbf:LeasesAndOtherPortfolioSegmentMember 2025-03-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2026-03-31 0000101382 umbf:RealEstateFirstLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore820To839Member 2026-03-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2025-01-31 2025-01-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember us-gaap:SubstandardMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2026-01-01 0000101382 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:ConsumerPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateGeneralConstructionMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateGeneralConstructionMember 2026-03-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 srt:MoodysA2RatingMember umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:ConsumerPortfolioSegmentMember 2026-03-31 0000101382 umbf:LoansPortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 us-gaap:CoreDepositsMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustVIMember 2026-01-01 2026-03-31 0000101382 umbf:OtherFinancingLeasesMember us-gaap:PassMember umbf:LeasesAndOtherPortfolioSegmentMember 2025-12-31 0000101382 umbf:HeldToMaturityPortfolioSegmentMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysB3RatingMember 2025-12-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:Non-DepositoryFinancialInstitutionsMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:AssetBasedLoansMember umbf:InMarginMember umbf:SpecialityLendingPortfolioSegmentMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CitywideCapitalTrustIVMember 2026-03-31 0000101382 us-gaap:CommonStockMember 2025-12-31 0000101382 us-gaap:FairValueInputsLevel1Member 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CreditScore800To819Member umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CommercialCreditCardMember 2026-03-31 0000101382 umbf:InstitutionalBankingMember umbf:TradingAndInvestmentBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember us-gaap:PassMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:HeartlandFinancialUsaIncMember umbf:SubordinatedDebtTwoMember 2025-01-31 2025-01-31 0000101382 umbf:PersonalBankingMember us-gaap:FiduciaryAndTrustMember 2025-01-01 2025-03-31 0000101382 us-gaap:PerformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateOwnerOccupiedMember 2026-03-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 umbf:InsuranceFeesAndCommissionsMember 2025-01-01 2025-03-31 0000101382 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2026-03-31 0000101382 us-gaap:FiduciaryAndTrustMember 2025-01-01 2025-03-31 0000101382 us-gaap:OperatingSegmentsMember umbf:CommercialBankingMember 2026-01-01 2026-03-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysB2RatingMember 2025-12-31 0000101382 umbf:HeldToMaturityPortfolioSegmentMember 2025-12-31 0000101382 umbf:EquitySecuritiesWithoutReadilyDeterminableFairValuesMember 2026-03-31 0000101382 umbf:HeldToMaturityPortfolioSegmentMember 2025-03-31 0000101382 2025-01-01 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember umbf:PersonalBankingMember 2025-01-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetPastDueMember 2025-12-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember 2025-01-01 2025-12-31 0000101382 us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 umbf:CommercialBankingMember 2025-01-01 2025-03-31 0000101382 umbf:EquitySecuritiesWithReadilyDeterminableFairValuesMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateContractMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CommercialCreditCardMember us-gaap:FinancialAssetPastDueMember 2026-03-31 0000101382 umbf:MarquetteCapitalTrustIIIMember umbf:TrustPreferredSecuritiesMember 2026-03-31 0000101382 umbf:AgricultureLoansMember us-gaap:SubstandardMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2026-03-31 0000101382 srt:MinimumMember 2026-01-01 2026-03-31 0000101382 us-gaap:RepurchaseAgreementsMember 2026-01-01 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CyclePastDue91To120DaysMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CreditScoreGreaterThan840Member umbf:RevolverAccountsMember 2026-03-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateFarmlandMember 2025-12-31 0000101382 us-gaap:LetterOfCreditMember umbf:FederalHomeLoanBankMember 2026-01-01 2026-03-31 0000101382 us-gaap:Maturity30To90DaysMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2026-03-31 0000101382 us-gaap:FinancialAssetNotPastDueMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MarquetteCapitalTrustIIMember 2026-03-31 0000101382 us-gaap:ForwardContractsMember 2024-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CyclePastDue61To90DaysMember umbf:ConsumerCreditCardMember 2026-03-31 0000101382 us-gaap:DepositAccountMember umbf:PersonalBankingMember 2025-01-01 2025-03-31 0000101382 umbf:OtherFinancialServicesMember umbf:PersonalBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:MaturityOver90DaysMember us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2026-03-31 0000101382 us-gaap:FairValueInputsLevel2Member 2025-12-31 0000101382 us-gaap:USStatesAndPoliticalSubdivisionsMember srt:MoodysCRatingMember 2026-03-31 0000101382 us-gaap:PreferredStockMember 2025-01-01 2025-03-31 0000101382 umbf:InsuranceFeesAndCommissionsMember umbf:PersonalBankingMember 2025-01-01 2025-03-31 0000101382 us-gaap:CreditCardMember umbf:PersonalBankingMember 2025-01-01 2025-03-31 0000101382 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-12-31 0000101382 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember umbf:OtherRealEstateOwnedMember 2025-12-31 0000101382 us-gaap:DepositAccountMember 2026-01-01 2026-03-31 0000101382 us-gaap:CorporateDebtSecuritiesMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember us-gaap:ConsumerOtherMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember srt:MoodysB2RatingMember 2025-12-31 0000101382 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:FinancingReceivables30To89DaysPastDueMember 2026-03-31 0000101382 umbf:SubordinatedDebtOneMember 2022-09-30 0000101382 us-gaap:CreditCardMember umbf:PersonalBankingMember 2026-01-01 2026-03-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember 2025-12-31 0000101382 us-gaap:StandbyLettersOfCreditMember 2024-12-31 0000101382 umbf:OtherFinancingLeasesMember umbf:LeasesAndOtherPortfolioSegmentMember us-gaap:PassMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2026-03-31 0000101382 umbf:SpotForeignExchangeContractsMember 2025-09-30 0000101382 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember 2026-03-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember us-gaap:SpecialMentionMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateOwnerOccupiedMember 2025-12-31 0000101382 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore640To659Member 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember srt:MoodysB3RatingMember 2026-03-31 0000101382 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherTradingMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore660To679Member 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustVMember 2026-03-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:RealEstateFirstLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 srt:MoodysA1RatingMember umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember 2025-12-31 0000101382 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000101382 us-gaap:OperatingSegmentsMember 2025-01-01 2025-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore780To799Member 2025-12-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:SubstandardMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:BVBCCapitalTrustIIMember 2026-01-01 2026-03-31 0000101382 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-01-01 2026-03-31 0000101382 umbf:AgricultureLoansMember us-gaap:CollateralPledgedMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember 2025-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysA2RatingMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherRevolvingLineMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CyclePastDue61To90DaysMember umbf:ConsumerCreditCardMember 2025-12-31 0000101382 umbf:AgricultureLoansMember us-gaap:PassMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:OCGIStatutoryTrustIIIMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:FairValueHedgingMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CommercialCreditCardMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysA2RatingMember 2026-03-31 0000101382 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 us-gaap:NonperformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember umbf:RealEstateHelocMember 2026-03-31 0000101382 umbf:CommitmentsToExtendCreditForSecuritiesPurchasedUnderAgreementsToResellMember 2024-12-31 0000101382 umbf:CommitmentsToExtendCreditForLoansExcludingCreditCardLoansMember 2024-12-31 0000101382 umbf:CreditScore800To819Member umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember 2026-03-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember umbf:CollateralDependentAssetsMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustIVMember 2026-01-01 2026-03-31 0000101382 umbf:TradingAndInvestmentBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMember 2026-03-31 0000101382 umbf:AgricultureLoansMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CitywideCapitalTrustIVMember 2026-01-01 2026-03-31 0000101382 us-gaap:FairValueInputsLevel1Member 2025-12-31 0000101382 2022-12-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:SubstandardMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember us-gaap:SubstandardMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 umbf:OtherFinancingReceivableMember umbf:LeasesAndOtherPortfolioSegmentMember us-gaap:PassMember 2025-12-31 0000101382 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2025-12-31 0000101382 umbf:RealEstateJuniorLienOneToFourFamilyMember us-gaap:PerformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:PersonalBankingMember 2024-12-31 0000101382 us-gaap:FinancialAssetNotPastDueMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysB3RatingMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember us-gaap:ConsumerOtherMember 2025-12-31 0000101382 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000101382 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustVMember 2026-01-01 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember us-gaap:ConsumerOtherMember 2026-03-31 0000101382 umbf:HeldToMaturityPortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 us-gaap:FiduciaryAndTrustMember 2026-01-01 2026-03-31 0000101382 us-gaap:NondesignatedMember us-gaap:CommodityContractMember 2025-01-01 2025-12-31 0000101382 us-gaap:CreditCardMember 2025-01-01 2025-03-31 0000101382 umbf:AccruedExpensesAndTaxesMember 2025-12-31 0000101382 us-gaap:TreasuryStockCommonMember 2026-01-01 2026-03-31 0000101382 umbf:CommercialBankingMember 2025-01-01 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustIVMember 2026-03-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:CollateralDependentAssetsMember 2026-01-01 2026-03-31 0000101382 umbf:ConsumerRealEstateLoanClassMember 2026-01-01 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysB2RatingMember 2026-03-31 0000101382 us-gaap:FinancialAssetNotPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:Non-DepositoryFinancialInstitutionsMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:InterestRateContractMember 2026-01-01 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2026-01-01 2026-03-31 0000101382 srt:MoodysA1RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 umbf:CommercialBankingMember umbf:OtherFinancialServicesMember 2026-01-01 2026-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherAutoMember 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember us-gaap:PreferredStockMember 2025-01-31 2025-01-31 0000101382 umbf:CreditCardsPortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 us-gaap:FinancialAssetNotPastDueMember umbf:LeasesAndOtherPortfolioSegmentMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CreditScore680To699Member umbf:RevolverAccountsMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CollateralPledgedMember umbf:ConsumerOtherRevolvingLineMember 2025-12-31 0000101382 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 us-gaap:NondesignatedMember us-gaap:InterestRateContractMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember 2026-03-31 0000101382 umbf:RealEstateJuniorLienOneToFourFamilyMember us-gaap:PerformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:FederalHomeLoanBankMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateFarmlandMember 2026-03-31 0000101382 umbf:CommercialBankingMember 2026-01-01 2026-03-31 0000101382 2026-01-01 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherRevolvingLineMember us-gaap:PerformingFinancingReceivableMember 2025-12-31 0000101382 umbf:LeasesAndOtherPortfolioSegmentMember 2024-12-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMember 2026-03-31 0000101382 us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CreditScoreLessThan600Member umbf:RevolverAccountsMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember us-gaap:OperatingSegmentsMember 2025-01-01 2025-03-31 0000101382 us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember umbf:HeartlandFinancialUsaIncMember srt:MinimumMember 2025-01-31 2025-01-31 0000101382 umbf:CommercialLettersOfCreditMember 2024-12-31 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateGeneralConstructionMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateFarmlandMember 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2025-04-01 2025-06-30 0000101382 us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 umbf:SubordinatedDebtOneMember 2025-12-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:DoubtfulMember 2026-03-31 0000101382 us-gaap:USStatesAndPoliticalSubdivisionsMember srt:MoodysB3RatingMember 2026-03-31 0000101382 us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:InstitutionalBankingMember us-gaap:FiduciaryAndTrustMember 2026-01-01 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:RealEstateJuniorLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore620To639Member 2026-03-31 0000101382 umbf:CommercialBankingMember 2024-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:ConsumerOtherMember 2025-12-31 0000101382 srt:MoodysA1RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember 2026-03-31 0000101382 us-gaap:MaturityOver90DaysMember 2025-12-31 0000101382 us-gaap:HeldtomaturitySecuritiesMember 2026-01-01 2026-03-31 0000101382 umbf:BankcardFeesMember 2025-01-01 2025-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralizedDebtObligationsMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustVIIMember 2026-01-01 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:HeartlandFinancialStatutoryTrustVIIMember 2026-03-31 0000101382 srt:MoodysB1RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 umbf:InvestmentSecuritiesGainsLossesNetMember 2025-01-01 2025-03-31 0000101382 us-gaap:NondesignatedMember us-gaap:InterestRateContractMember 2026-01-01 2026-03-31 0000101382 us-gaap:CommonStockMember 2025-03-31 0000101382 us-gaap:FinancialAssetNotPastDueMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2024-01-01 2024-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember us-gaap:FinancialAssetNotPastDueMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:FinancialAssetPastDueMember 2026-03-31 0000101382 us-gaap:CommonStockMember 2026-03-31 0000101382 umbf:Non-DepositoryFinancialInstitutionsMember us-gaap:SubstandardMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CyclePastDue91To120DaysMember 2026-03-31 0000101382 us-gaap:USTreasurySecuritiesMember 2025-12-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:BVBCCapitalTrustIIIMember 2026-01-01 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MorrillStatutoryTrustIIMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:FairValueHedgingMember 2026-01-01 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:CommercialBankingMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MorrillStatutoryTrustIMember 2026-01-01 2026-03-31 0000101382 umbf:InstitutionalBankingMember us-gaap:FiduciaryAndTrustMember 2025-01-01 2025-03-31 0000101382 umbf:EquitySecuritiesWithoutReadilyDeterminableFairValuesMember 2025-12-31 0000101382 us-gaap:RetainedEarningsMember 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember us-gaap:FinancialAssetPastDueMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CollateralPledgedMember us-gaap:ConsumerOtherMember 2025-12-31 0000101382 us-gaap:USTreasurySecuritiesMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember 2026-03-31 0000101382 umbf:AgricultureLoansMember us-gaap:SubstandardMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherAutoMember us-gaap:NonperformingFinancingReceivableMember 2026-03-31 0000101382 us-gaap:FairValueInputsLevel2Member us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 us-gaap:MortgageBackedSecuritiesMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CyclePastDue121To150DaysMember umbf:ConsumerCreditCardMember 2026-03-31 0000101382 srt:MoodysA2RatingMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2025-12-31 0000101382 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2026-03-31 0000101382 us-gaap:CustomerRelationshipsMember 2026-03-31 0000101382 us-gaap:NondesignatedMember us-gaap:CommodityContractMember 2025-12-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:DoubtfulMember 2025-12-31 0000101382 umbf:OtherFinancingLeasesMember umbf:LeasesAndOtherPortfolioSegmentMember 2026-03-31 0000101382 umbf:LeasesAndOtherPortfolioSegmentMember 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:MarquetteCapitalTrustIIMember 2026-01-01 2026-03-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:DoubtfulMember umbf:CommercialRealEstateGeneralConstructionMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore820To839Member 2025-12-31 0000101382 us-gaap:CreditCardMember 2026-01-01 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:BVBCCapitalTrustIIIMember 2026-03-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember 2026-01-01 2026-03-31 0000101382 umbf:CommercialLettersOfCreditMember 2025-09-30 0000101382 umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember srt:MoodysA1RatingMember 2026-03-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember 2025-12-31 0000101382 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:CommercialRealEstateFivePlusMultiFamilyMember us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SubstandardMember 2026-03-31 0000101382 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 umbf:InstitutionalBankingMember umbf:BrokerageFeesMember 2025-01-01 2025-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2025-01-01 2025-03-31 0000101382 us-gaap:TreasuryStockCommonMember 2026-03-31 0000101382 us-gaap:CollateralPledgedMember umbf:EquipmentAccountsReceivableInventoryMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:CreditScore780To799Member umbf:RevolverAccountsMember 2026-03-31 0000101382 us-gaap:USTreasurySecuritiesMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CyclePastDue151To180DaysMember umbf:ConsumerCreditCardMember 2026-03-31 0000101382 umbf:InstitutionalBankingMember umbf:OtherFinancialServicesMember 2025-01-01 2025-03-31 0000101382 us-gaap:CollateralPledgedMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateFarmlandMember 2026-03-31 0000101382 umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:OtherFinancingLeasesMember umbf:LeasesAndOtherPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:FinancialAssetPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 umbf:SpecialityLendingPortfolioSegmentMember us-gaap:FinancialAssetNotPastDueMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherAutoMember us-gaap:PerformingFinancingReceivableMember 2025-12-31 0000101382 umbf:AgricultureLoansMember us-gaap:SpecialMentionMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:OtherRealEstateOwnedMember 2025-12-31 0000101382 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 umbf:RealEstateFirstLienOneToFourFamilyMember us-gaap:NonperformingFinancingReceivableMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember umbf:HeartlandFinancialUsaIncMember 2025-01-31 0000101382 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember 2026-03-31 0000101382 us-gaap:CorporateDebtSecuritiesMember 2026-03-31 0000101382 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 umbf:SubordinatedDebtOneMember 2026-03-31 0000101382 umbf:EquipmentAccountsReceivableInventoryMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2025-12-31 0000101382 umbf:OtherFinancingReceivableMember umbf:LeasesAndOtherPortfolioSegmentMember 2025-12-31 0000101382 us-gaap:AvailableforsaleSecuritiesMember 2026-01-01 2026-03-31 0000101382 2026-04-27 0000101382 umbf:TrustPreferredSecuritiesMember umbf:CitywideCapitalTrustIIIMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore640To659Member 2025-12-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:OtherRealEstateOwnedMember 2026-01-01 2026-03-31 0000101382 us-gaap:FinancialAssetPastDueMember 2025-12-31 0000101382 us-gaap:FairValueMeasurementsNonrecurringMember umbf:CollateralDependentAssetsMember 2025-12-31 0000101382 umbf:InstitutionalBankingMember umbf:BrokerageFeesMember 2026-01-01 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherRevolvingLineMember 2025-12-31 0000101382 us-gaap:CollateralizedLoanObligationsMember 2025-12-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2025-07-01 2025-09-30 0000101382 umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 srt:MoodysA2RatingMember umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember 2026-03-31 0000101382 us-gaap:MaturityOver90DaysMember 2026-03-31 0000101382 us-gaap:SubstandardMember us-gaap:CommercialRealEstatePortfolioSegmentMember umbf:CommercialRealEstateFarmlandMember 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember 2025-01-01 2025-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:TransactorAccountsMember 2025-12-31 0000101382 us-gaap:FinancialAssetPastDueMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2026-03-31 0000101382 umbf:LeasesAndOtherPortfolioSegmentMember 2026-01-01 2026-03-31 0000101382 umbf:AgricultureLoansMember us-gaap:PassMember umbf:CommercialAndIndustrialPortfolioSegmentMember 2026-03-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMember 2025-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:PassMember umbf:CommercialRealEstateFarmlandMember 2026-03-31 0000101382 us-gaap:TreasuryStockCommonMember 2024-12-31 0000101382 umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember srt:MoodysA3RatingMember 2026-03-31 0000101382 umbf:TradingAndInvestmentBankingMember 2025-01-01 2025-03-31 0000101382 umbf:RealEstateJuniorLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:CommercialCreditCardMember us-gaap:FinancialAssetPastDueMember 2025-12-31 0000101382 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 us-gaap:CommercialRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember umbf:CommercialRealEstateOwnerOccupiedMember 2025-12-31 0000101382 umbf:FinancingReceivables30To89DaysPastDueMember 2025-12-31 0000101382 umbf:RealEstateJuniorLienOneToFourFamilyMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:InstitutionalBankingMember 2026-03-31 0000101382 umbf:SpecialityLendingPortfolioSegmentMember 2025-12-31 0000101382 umbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:CommercialRealEstatePortfolioSegmentMember 2025-12-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetPastDueMember 2026-03-31 0000101382 us-gaap:PreferredStockMember umbf:HeartlandFinancialUsaIncMember 2025-01-31 0000101382 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherTradingMember 2026-03-31 0000101382 umbf:HeartlandFinancialUsaIncMember 2025-01-01 2025-12-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:FinancingReceivables30To89DaysPastDueMember 2025-12-31 0000101382 us-gaap:CollateralPledgedMember umbf:ConsumerRealEstatePortfolioSegmentMember 2026-03-31 0000101382 umbf:InsuranceFeesAndCommissionsMember umbf:PersonalBankingMember 2026-01-01 2026-03-31 0000101382 us-gaap:ConsumerPortfolioSegmentMember umbf:ConsumerOtherRevolvingLineMember us-gaap:PerformingFinancingReceivableMember 2026-03-31 0000101382 us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0000101382 us-gaap:CommodityContractMember 2026-01-01 2026-03-31 0000101382 us-gaap:MortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0000101382 us-gaap:InterestRateContractMember 2026-03-31 0000101382 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:InterestIncomeMember us-gaap:FairValueHedgingMember 2026-01-01 2026-03-31 0000101382 umbf:TrustPreferredSecuritiesMember umbf:BVBCCapitalTrustIIMember 2026-03-31 0000101382 umbf:CreditCardsPortfolioSegmentMember umbf:ConsumerCreditCardMember umbf:RevolverAccountsMember umbf:CreditScore600To619Member 2026-03-31 umbf:Derivative xbrli:pure utr:bbl xbrli:shares umbf:Security utr:Btu umbf:LettersOfCredit iso4217:USD xbrli:shares iso4217:USD umbf:Segment umbf:Loan

 

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 
(MARK ONE)
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2026
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to ____
Commission file number 001-38481
 
UMB FINANCIAL CORP ORATION
(Exact name of registrant as specified in its charter)
 
 

Missouri

 

43-0903811

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer
Identification Number)

 

1010 Grand Boulevard , Kansas City , Missouri

 

64106

(Address of principal executive offices)

 

(Zip Code)

(Registrant's telephone number, including area code): ( 816 ) 860-7000
Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $1.00 Par Value

UMBF

The NASDAQ Global Select Market

Depositary Shares, each representing 1/400th interest in a share of 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock Series B

UMBFO

The NASDAQ Global Select Market

 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
 

Large accelerated filer

☒

Accelerated filer

☐

Non- accelerated filer

☐

 

Smaller reporting company

☐

 

 

 

Emerging growth company

☐

 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
As of April 27, 2026, UMB Financial Corporation ha d 75,978,727 shares of common stock outstanding.
 

 
 

 

 
UMB FINAN CIAL CORPORATION
FORM 10-Q
INDEX

PART I – FINANCIAL INFORMATION

3

 

 

 

ITEM 1.

FINANCIAL STATEMENTS (UNAUDITED)

3

CONSOLIDATED BALANCE SHEETS

3

CONSOLIDATED STATEMENTS OF INCOME

4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

5

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

6

CONSOLIDATED STATEMENTS OF CASH FLOWS

7

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

9

ITEM 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

61

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

79

ITEM 4.

CONTROLS AND PROCEDURES

84

 

 

 

PART II - OTHER INFORMATION

85

 

 

 

ITEM 1.

LEGAL PROCEEDINGS

85

ITEM 1A.

RISK FACTORS

85

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

85

ITEM 6.

EXHIBITS

86

SIGNATURES

87

 

 

 

 
2

 

PART I – FINANCI AL INFORMATION
ITEM 1. FINANCI AL STATEMENTS
UMB FINANCIAL CORPORATION
CONSOLIDATED B ALANCE SHEETS
(unaudited, dollars in thousands, except share and per share data)

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

ASSETS

 

 

 

 

 

 

Loans

 

$

40,134,325

 

 

$

38,779,408

 

Allowance for credit losses on loans

 

 

( 425,876

)

 

 

( 419,478

)

Net loans

 

 

39,708,449

 

 

 

38,359,930

 

Loans held for sale

 

 

4,471

 

 

 

2,030

 

Securities:

 

 

 

 

 

 

Available for sale (amortized cost of $ 14,037,520  and $ 13,999,900 , respectively)

 

 

13,660,886

 

 

 

13,709,141

 

Held to maturity, net of allowance for credit losses of $ 3,357  and $ 1,684 , respectively (fair value of $ 5,172,564  and $ 5,250,465 , respectively)

 

 

5,699,881

 

 

 

5,722,543

 

Trading securities

 

 

24,205

 

 

 

22,331

 

Other securities

 

 

685,590

 

 

 

676,300

 

Total securities

 

 

20,070,562

 

 

 

20,130,315

 

Federal funds sold and securities purchased under agreements to resell

 

 

1,524,669

 

 

 

1,548,093

 

Interest-bearing due from banks

 

 

5,655,290

 

 

 

6,940,535

 

Cash and due from banks

 

 

735,829

 

 

 

952,547

 

Premises and equipment, net

 

 

391,020

 

 

 

398,271

 

Accrued income

 

 

342,685

 

 

 

349,639

 

Goodwill

 

 

1,837,594

 

 

 

1,839,825

 

Other intangibles, net

 

 

463,409

 

 

 

486,869

 

Other assets

 

 

1,940,183

 

 

 

2,086,036

 

Total assets

 

$

72,674,161

 

 

$

73,094,090

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

Noninterest-bearing demand

 

$

17,041,696

 

 

$

17,143,341

 

Interest-bearing demand and savings

 

 

39,728,542

 

 

 

39,752,587

 

Time deposits under $250,000

 

 

1,823,536

 

 

 

1,934,617

 

Time deposits of $250,000 or more

 

 

1,386,982

 

 

 

1,826,245

 

Total deposits

 

 

59,980,756

 

 

 

60,656,790

 

Federal funds purchased and repurchase agreements

 

 

3,550,738

 

 

 

3,324,938

 

Long-term debt

 

 

477,164

 

 

 

474,229

 

Accrued expenses and taxes

 

 

309,932

 

 

 

435,351

 

Other liabilities

 

 

528,574

 

 

 

509,214

 

Total liabilities

 

 

64,847,164

 

 

 

65,400,522

 

 

 

 

 

 

 

 

SHAREHOLDERS' EQUITY

 

 

 

 

 

 

Series B Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock, $ 0.01  par value; 30,000  authorized, issued and outstanding

 

 

294,066

 

 

 

294,066

 

Common stock, $ 1.00  par value; 160,000,000  shares authorized; 78,665,809  shares issued, 75,977,250  and 75,960,675  shares outstanding, respectively

 

 

78,666

 

 

 

78,666

 

Capital surplus

 

 

4,006,726

 

 

 

4,011,047

 

Retained earnings

 

 

3,958,611

 

 

 

3,736,413

 

Accumulated other comprehensive loss, net

 

 

( 331,350

)

 

 

( 261,520

)

Treasury stock, 2,688,559  and 2,705,134  shares, at cost, respectively

 

 

( 179,722

)

 

 

( 165,104

)

Total shareholders' equity

 

 

7,826,997

 

 

 

7,693,568

 

Total liabilities and shareholders' equity

 

$

72,674,161

 

 

$

73,094,090

 

See Notes to Consolidated Financial Statements.

 
3

 

UMB FINANCIAL CORPORATION
CONSOLIDATED STAT EMENTS OF INCOME
(unaudited, dollars in thousands, except share and per share data)
 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

INTEREST INCOME

 

 

 

 

 

 

Loans

 

$

633,078

 

 

$

527,404

 

Securities:

 

 

 

 

 

 

Taxable interest

 

 

145,299

 

 

 

98,296

 

Tax-exempt interest

 

 

34,454

 

 

 

29,963

 

Total securities income

 

 

179,753

 

 

 

128,259

 

Federal funds and resell agreements

 

 

16,063

 

 

 

6,952

 

Interest-bearing due from banks

 

 

37,902

 

 

 

74,985

 

Trading securities

 

 

271

 

 

 

370

 

Total interest income

 

 

867,067

 

 

 

737,970

 

INTEREST EXPENSE

 

 

 

 

 

 

Deposits

 

 

292,373

 

 

 

303,406

 

Federal funds and repurchase agreements

 

 

29,698

 

 

 

25,790

 

Other

 

 

10,630

 

 

 

11,135

 

Total interest expense

 

 

332,701

 

 

 

340,331

 

Net interest income

 

 

534,366

 

 

 

397,639

 

Provision for credit losses

 

 

27,000

 

 

 

86,000

 

Net interest income after provision for credit losses

 

 

507,366

 

 

 

311,639

 

NONINTEREST INCOME

 

 

 

 

 

 

Trust and securities processing

 

 

94,667

 

 

 

79,781

 

Trading and investment banking

 

 

7,740

 

 

 

5,911

 

Service charges on deposit accounts

 

 

29,474

 

 

 

27,457

 

Insurance fees and commissions

 

 

255

 

 

 

178

 

Brokerage fees

 

 

21,089

 

 

 

18,102

 

Bankcard fees

 

 

28,878

 

 

 

26,293

 

Investment securities gains (losses), net

 

 

3,046

 

 

 

( 4,782

)

Other

 

 

19,644

 

 

 

13,258

 

Total noninterest income

 

 

204,793

 

 

 

166,198

 

NONINTEREST EXPENSE

 

 

 

 

 

 

Salaries and employee benefits

 

 

219,681

 

 

 

221,398

 

Occupancy, net

 

 

19,075

 

 

 

16,069

 

Equipment

 

 

13,320

 

 

 

16,948

 

Supplies and services

 

 

5,604

 

 

 

4,785

 

Marketing and business development

 

 

13,792

 

 

 

7,998

 

Processing fees

 

 

42,059

 

 

 

40,850

 

Legal and consulting

 

 

9,087

 

 

 

28,606

 

Bankcard

 

 

11,841

 

 

 

12,795

 

Amortization of other intangible assets

 

 

23,460

 

 

 

17,482

 

Regulatory fees

 

 

8,270

 

 

 

8,237

 

Other

 

 

14,694

 

 

 

9,619

 

Total noninterest expense

 

 

380,883

 

 

 

384,787

 

Income before income taxes

 

 

331,276

 

 

 

93,050

 

Income tax expense

 

 

69,838

 

 

 

11,717

 

NET INCOME

 

$

261,438

 

 

$

81,333

 

Less: Preferred dividends

 

 

5,813

 

 

 

2,013

 

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

 

$

255,625

 

 

$

79,320

 

 

 

 

 

 

 

 

PER SHARE DATA

 

 

 

 

 

 

Net income per common share – basic

 

$

3.36

 

 

$

1.22

 

Net income per common share – diluted

 

 

3.35

 

 

 

1.21

 

Dividends per common share

 

 

0.43

 

 

 

0.40

 

Weighted average common shares outstanding – basic

 

 

76,032,620

 

 

 

65,063,262

 

Weighted average common shares outstanding – diluted

 

 

76,399,233

 

 

 

65,496,058

 

See Notes to Consolidated Financial Statements.

 
4

 

UMB FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(unaudited, dollars in thousands)

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

Net income

 

$

261,438

 

 

$

81,333

 

Other comprehensive (loss) income, before tax:

 

 

 

 

 

 

Unrealized gains and losses on debt securities:

 

 

 

 

 

 

Change in unrealized holding gains and losses, net

 

 

( 85,472

)

 

 

76,235

 

Less: Reclassification adjustment for net gains included in net income

 

 

( 403

)

 

 

( 390

)

Amortization of net unrealized loss on securities transferred from available-for-sale to held-to-maturity

 

 

7,088

 

 

 

8,290

 

Change in unrealized gains and losses on debt securities

 

 

( 78,787

)

 

 

84,135

 

Unrealized gains and losses on derivative hedges:

 

 

 

 

 

 

Change in unrealized gains and losses on derivative hedges, net

 

 

( 16,053

)

 

 

22,646

 

Less: Reclassification adjustment for net gains included in net income

 

 

( 797

)

 

 

( 24

)

Change in unrealized gains and losses on derivative hedges

 

 

( 16,850

)

 

 

22,622

 

Other comprehensive (loss) income, before tax

 

 

( 95,637

)

 

 

106,757

 

Income tax benefit (expense)

 

 

25,807

 

 

 

( 26,405

)

Other comprehensive (loss) income

 

 

( 69,830

)

 

 

80,352

 

Comprehensive income

 

$

191,608

 

 

$

161,685

 

 
See Notes to Consolidated Financial Statements.

 
5

 

UMB FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF CHA NGES IN SHAREHOLDERS' EQUITY
(unaudited, dollars in thousands, except per share data)

 

 

Preferred
Stock

 

 

Common
Stock

 

 

Capital
Surplus

 

 

Retained
Earnings

 

 

Accumulated Other Comprehensive (Loss) Income

 

 

Treasury
Stock

 

 

Total

 

Balance – January 1, 2025

 

$

—

 

 

$

55,057

 

 

$

1,145,638

 

 

$

3,174,948

 

 

$

( 573,050

)

 

$

( 336,052

)

 

$

3,466,541

 

Total comprehensive income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

81,333

 

 

 

80,352

 

 

 

—

 

 

 

161,685

 

Cash dividends declared:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividends ($ 175.00  per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

( 2,013

)

 

 

—

 

 

 

—

 

 

 

( 2,013

)

Common dividends ($ 0.40  per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

( 29,402

)

 

 

—

 

 

 

—

 

 

 

( 29,402

)

Purchase of treasury stock

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

( 15,434

)

 

 

( 15,434

)

Issuances of equity awards, net of forfeitures

 

 

—

 

 

 

—

 

 

 

( 15,595

)

 

 

—

 

 

 

—

 

 

 

16,395

 

 

 

800

 

Recognition of equity-based compensation

 

 

—

 

 

 

—

 

 

 

32,419

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

32,419

 

Sale of treasury stock

 

 

—

 

 

 

—

 

 

 

116

 

 

 

—

 

 

 

—

 

 

 

60

 

 

 

176

 

Exercise of stock options

 

 

—

 

 

 

—

 

 

 

126

 

 

 

—

 

 

 

—

 

 

 

179

 

 

 

305

 

Common stock issuance

 

 

—

 

 

 

—

 

 

 

67,056

 

 

 

—

 

 

 

—

 

 

 

168,085

 

 

 

235,141

 

Stock issuance for acquisition, net of issuance costs

 

 

110,705

 

 

 

23,609

 

 

 

2,763,902

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,898,216

 

Balance – March 31, 2025

 

$

110,705

 

 

$

78,666

 

 

$

3,993,662

 

 

$

3,224,866

 

 

$

( 492,698

)

 

$

( 166,767

)

 

$

6,748,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance – January 1, 2026

 

$

294,066

 

 

$

78,666

 

 

$

4,011,047

 

 

$

3,736,413

 

 

$

( 261,520

)

 

$

( 165,104

)

 

$

7,693,568

 

Total comprehensive income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

261,438

 

 

 

( 69,830

)

 

 

—

 

 

 

191,608

 

Cash dividends declared:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividends ($ 193.75  per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

( 5,813

)

 

 

—

 

 

 

—

 

 

 

( 5,813

)

Common dividends ($ 0.43  per share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

( 33,427

)

 

 

—

 

 

 

—

 

 

 

( 33,427

)

Purchase of treasury stock

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

( 32,814

)

 

 

( 32,814

)

Issuances of equity awards, net of forfeitures

 

 

—

 

 

 

—

 

 

 

( 16,311

)

 

 

—

 

 

 

—

 

 

 

17,810

 

 

 

1,499

 

Recognition of equity-based compensation

 

 

—

 

 

 

—

 

 

 

11,924

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

11,924

 

Sale of treasury stock

 

 

—

 

 

 

—

 

 

 

83

 

 

 

—

 

 

 

—

 

 

 

86

 

 

 

169

 

Exercise of stock options

 

 

—

 

 

 

—

 

 

 

( 17

)

 

 

—

 

 

 

—

 

 

 

300

 

 

 

283

 

Balance – March 31, 2026

 

$

294,066

 

 

$

78,666

 

 

$

4,006,726

 

 

$

3,958,611

 

 

$

( 331,350

)

 

$

( 179,722

)

 

$

7,826,997

 

 
 
See Notes to Consolidated Financial Statements.

 
6

 

UMB FINANCIAL CORPORATION
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(unaudited, dollars in thousands)
 

 

 

For the Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

OPERATING ACTIVITIES

 

 

 

 

 

 

Net income

 

$

261,438

 

 

$

81,333

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

 

Provision for credit losses

 

 

27,000

 

 

 

86,000

 

Net accretion of premiums and discounts from acquisition

 

 

( 45,184

)

 

 

( 26,435

)

Depreciation and amortization

 

 

35,094

 

 

 

29,366

 

Amortization of debt issuance costs

 

 

106

 

 

 

219

 

Deferred income tax expense

 

 

21,123

 

 

 

16,710

 

Net increase in trading securities and other earning assets

 

 

( 1,874

)

 

 

( 6,928

)

(Gains) losses on investment securities, net

 

 

( 3,046

)

 

 

4,782

 

Losses on sales of assets

 

 

919

 

 

 

18

 

Amortization of securities premiums, net of discount accretion

 

 

( 2,935

)

 

 

5,126

 

Originations of loans held for sale

 

 

( 28,967

)

 

 

( 18,279

)

Gains on sales of loans held for sale, net

 

 

( 706

)

 

 

( 453

)

Proceeds from sales of loans held for sale

 

 

27,232

 

 

 

16,389

 

Equity-based compensation

 

 

13,423

 

 

 

12,830

 

Changes in:

 

 

 

 

 

 

Accrued income

 

 

6,954

 

 

 

12,271

 

Accrued expenses and taxes

 

 

( 123,188

)

 

 

( 59,461

)

Other assets and liabilities, net

 

 

173,884

 

 

 

209,533

 

Net cash provided by operating activities

 

 

361,273

 

 

 

363,021

 

INVESTING ACTIVITIES

 

 

 

 

 

 

Securities held to maturity:

 

 

 

 

 

 

Maturities, calls and principal repayments

 

 

101,529

 

 

 

115,631

 

Purchases

 

 

( 74,398

)

 

 

( 9,049

)

Securities available for sale:

 

 

 

 

 

 

Sales

 

 

51,771

 

 

 

611,423

 

Maturities, calls and principal repayments

 

 

532,468

 

 

 

386,343

 

Purchases

 

 

( 606,550

)

 

 

( 914,361

)

Equity securities with readily determinable fair values:

 

 

 

 

 

 

Sales

 

 

20,431

 

 

 

—

 

Purchases

 

 

( 105

)

 

 

( 291

)

Equity securities without readily determinable fair values:

 

 

 

 

 

 

Sales

 

 

7,708

 

 

 

40

 

Maturities, calls and principal repayments

 

 

9,901

 

 

 

8,210

 

Purchases

 

 

( 33,956

)

 

 

( 62,810

)

Payment of tax equity investment commitments

 

 

( 22,684

)

 

 

( 21,871

)

Net increase in loans

 

 

( 1,346,054

)

 

 

( 481,826

)

Net decrease (increase) in fed funds sold and resell agreements

 

 

23,424

 

 

 

( 91,069

)

Net cash activity from acquisitions and divestitures

 

 

—

 

 

 

174,985

 

Net (increase) decrease in interest-bearing balances due from other financial institutions

 

 

( 8,667

)

 

 

956,440

 

Net purchases of premises and equipment

 

 

( 4,517

)

 

 

( 8,823

)

Proceeds from bank-owned and company-owned life insurance death benefit

 

 

—

 

 

 

232

 

Net cash (used in) provided by investing activities

 

 

( 1,349,699

)

 

 

663,204

 

 

 
7

 

FINANCING ACTIVITIES

 

 

 

 

 

 

Net (decrease) increase in demand and savings deposits

 

 

( 125,690

)

 

 

1,533,318

 

Net decrease in time deposits

 

 

( 550,344

)

 

 

( 504,295

)

Net increase (decrease) in fed funds purchased and repurchase agreements

 

 

225,800

 

 

 

( 72,365

)

Repayment of long-term debt

 

 

—

 

 

 

( 11,055

)

Cash dividends paid

 

 

( 39,611

)

 

 

( 30,117

)

Payment of common stock issuance costs

 

 

—

 

 

 

( 524

)

Proceeds from exercise of stock options and sales of treasury shares

 

 

452

 

 

 

481

 

Purchases of treasury stock

 

 

( 32,814

)

 

 

( 15,434

)

Common stock issuance

 

 

—

 

 

 

235,141

 

Net cash (used in) provided by financing activities

 

 

( 522,207

)

 

 

1,135,150

 

(Decrease) increase in cash and cash equivalents

 

 

( 1,510,633

)

 

 

2,161,375

 

Cash and cash equivalents at beginning of period

 

 

7,771,973

 

 

 

8,448,691

 

Cash and cash equivalents at end of period

 

$

6,261,340

 

 

$

10,610,066

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental disclosures:

 

 

 

 

 

 

Income tax (refunds) payments

 

$

( 1,370

)

 

$

1,732

 

Total interest payments

 

 

345,994

 

 

 

326,798

 

Noncash disclosures:

 

 

 

 

 

 

Acquisition of tax equity investments

 

$

—

 

 

$

14,036

 

Commitment to fund tax equity investments

 

 

—

 

 

 

14,036

 

Transfer of loans to other real estate owned

 

 

354

 

 

 

486

 

Transfer of loans to other repossessed assets

 

 

—

 

 

 

10

 

Issuance of common stock as consideration for acquisition

 

 

—

 

 

 

2,783,510

 

Issuance of preferred stock as consideration for acquisition

 

 

—

 

 

 

115,230

 

Stock based compensation as consideration for acquisition

 

 

—

 

 

 

20,389

 

 
See Notes to Consolidated Financial Statements.

 
8

 

UMB FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE MONTHS ENDED MARCH 31, 2026 (UNAUDITED)
1. Financial Statement Presentation
The Consolidated Financial Statements include the accounts of UMB Financial Corporation and its subsidiaries (collectively, the Company) after the elimination of all intercompany transactions. In the opinion of management of the Company, all adjustments relating to items that are of a normal recurring nature and necessary for a fair presentation of the financial position and results of operations have been made. The results of operations and cash flows for the interim periods presented may not be indicative of the results of the full year ending December 31, 2026. The financial statements should be read in conjunction with “Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations” within this Quarterly Report on Form 10-Q (the Form 10-Q) and in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (SEC) on February 26, 2026 (the Form 10-K).
The Company is a financial holding company, which offers a wide range of banking and other financial services to its customers through its branches and offices. The Company’s national bank, UMB Bank, National Association (the Bank), has its principal office in Missouri as well as branches and offices primarily located in the Midwestern, Southwestern, and Western regions of the United States.

2. Summary of Significant Accounting Policies
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions also impact reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A summary of the significant accounting policies to assist the reader in understanding the financial presentation is provided in the Notes to Consolidated Financial Statements in the Form 10-K.

Business Combinations
The Company accounts for business combinations using the purchase method of accounting in accordance with FASB ASC Topic 805, Business Combinations , which requires assets acquired and liabilities assumed to be recognized at fair value as of the acquisition date.
On January 31, 2025 (Acquisition Date), the Company acquired Heartland Financial USA, Inc. (HTLF) pursuant to an Agreement and Plan of Merger, dated as of April 28, 2024 . See Note 13, “Acquisition” for additional information.

Cash and cash equivalents
Cash and cash equivalents includes Cash and due from banks and amounts due from the Federal Reserve Bank (FRB). Cash on hand, cash items in the process of collection, and amounts due from correspondent banks are included in Cash and due from banks. Amounts due from the FRB are interest-bearing for all periods presented and are included in the Interest-bearing due from banks line on the Company’s Consolidated Balance Sheets.
This table provides a summary of cash and cash equivalents as presented on the Consolidated Statements of Cash Flows as of March 31, 2026 and March 31, 2025 (in thousands) :

 

 

March 31,

 

 

 

2026

 

 

2025

 

Due from the FRB

 

$

5,525,511

 

 

$

9,692,616

 

Cash and due from banks

 

 

735,829

 

 

 

917,450

 

Cash and cash equivalents at end of period

 

$

6,261,340

 

 

$

10,610,066

 

 

 
9

 

Also included in the Interest-bearing due from banks, but not considered cash and cash equivalents, are interest-bearing accounts held at other financial institutions, which totaled $ 129.8 m illion and $ 119.3 million at March 31, 2026 and March 31, 2025 , respectively.

Acquired Loans
Acquired loans are initially recorded at fair value. The Company’s accounting methods for acquired loans depends on whether or not the loan reflects more than insignificant credit deterioration since origination at the date of acquisition.
Non-Purchased Credit Deteriorated Loans
Non-purchased credit deteriorated (Non-PCD) loans do not reflect more than insignificant credit deterioration since origination at the date of acquisition. These loans are recorded at fair value and an increase to the allowance for credit losses (ACL) is recorded with a corresponding increase to the provision for credit losses at the date of acquisition. The difference between fair value and the unpaid principal balance at the acquisition date is amortized or accreted to interest income over the contractual life of the loan using the effective interest method.
Purchased Credit Deteriorated Loans
Purchased loans that reflect a more than insignificant credit deterioration since origination at the date of acquisition are classified as purchased credit deteriorated (PCD) loans. PCD loans are recorded at fair value plus the ACL expected at the time of acquisition. Under this method, there is no provision for credit losses on acquisition of PCD loans. The non-credit-related difference between fair value and the unpaid principal balance at the acquisition date is amortized or accreted to interest income over the contractual life of the loan using the effective interest method.

Per Share Data
Basic net income per common share is computed using net income available to common shareholders and the weighted average number of shares of common stock outstanding during each period. Diluted net income per common share is determined using net income available to common shareholders and the weighted average common shares and assumed incremental common shares issued. The following table provides the amounts used in the determination of basic and diluted net income per common share for the three months ended March 31, 2026 and 2025 (in thousands, except share and per share data) :
 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Net income

 

$

261,438

 

 

$

81,333

 

Less: Preferred dividends

 

 

5,813

 

 

 

2,013

 

Net income available to common shareholders

 

$

255,625

 

 

$

79,320

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings per share

 

 

76,032,620

 

 

 

65,063,262

 

Assumed incremental common shares issued upon vesting of outstanding restricted stock units

 

 

366,613

 

 

 

432,796

 

Weighted average common shares for diluted earnings per share

 

 

76,399,233

 

 

 

65,496,058

 

Net income per common share – basic

 

$

3.36

 

 

$

1.22

 

Net income per common share – diluted

 

 

3.35

 

 

 

1.21

 

Number of antidilutive restricted stock units excluded from diluted earnings per share computation

 

 

202,485

 

 

 

—

 

Number of antidilutive stock options excluded from diluted earnings per share computation

 

 

—

 

 

 

4,962

 

 

 
10

 

Derivatives
The Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Currently, 15 of the Company’s derivatives are designated in qualifying hedging relationships. However, the remainder of the Company’s derivatives are not designated in qualifying hedging relationships, as the derivatives are not used to manage risks within the Company’s assets or liabilities. All changes in fair value of the Company’s non-designated derivatives and fair value hedges are recognized directly in earnings. Changes in fair value of the Company’s cash flow hedges are recognized in accumulated other comprehensive income (AOCI) and are reclassified to earnings when the hedged transaction affects earnings.

3. New Accounting Pronouncements
 
Income Statement Reporting In November 2024, the FASB issued Accounting Standards Update (ASU) No. 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40).” The amendments in this update require additional disclosures providing disaggregated information about prescribed categories underlying relevant income statement expense captions. The amendments in this update are effective for fiscal years beginning January 1, 2027, and interim periods beginning January 1, 2028. Early adoption is permitted and should be applied on a prospective basis. The adoption of this accounting pronouncement will have no impact on the Consolidated Financial Statements aside from additional disclosures.

4. Loans and Allowance for Credit Losses
Loan Origination/Risk Management
The Company has certain lending policies and procedures in place that are designed to minimize the level of risk within the loan portfolio. Diversification of the loan portfolio manages the risk associated with fluctuations in economic conditions. Authority levels are established for the extension of credit to ensure consistency throughout the Company. It is necessary that policies, processes, and practices implemented to control the risks of individual credit transactions and portfolio segments are sound and adhered to. The Company maintains an independent loan review department that reviews and validates the risk assessment on a continual basis. Management regularly evaluates the results of the loan reviews. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures.
Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Commercial loans are made based on the identified cash flows of the borrower and on the underlying collateral provided by the borrower. The cash flows of the borrower, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts from its customers. Beginning with the third quarter 2025, commercial and industrial loans include all loans to Non-Depository Financial Institutions (NDFIs), which includes a wide range of financial entities that provide services similar to those of traditional banks but do not accept deposits from the general public and are not regulated by the same federal banking agencies. Previously reported balances have been reclassified for purposes of comparability.
Specialty lending loans include Asset-based loans, which are offered primarily in the form of revolving lines of credit to commercial borrowers that do not generally qualify for traditional bank financing. Asset-based loans are underwritten based primarily upon the value of the collateral pledged to secure the loan, rather than on the borrower’s general financial condition. The Company utilizes pre-loan due diligence techniques, monitoring disciplines, and loan management practices common within the asset-based lending industry to underwrite loans to these borrowers.
Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as

 
11

 

loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. The Company requires that an appraisal of the collateral be made at origination and on an as-needed basis, in conformity with current market conditions and regulatory requirements. The underwriting standards address both owner and non-owner-occupied real estate. Also included in Commercial real estate are Construction loans that are underwritten using feasibility studies, independent appraisal reviews, sensitivity analysis or absorption and lease rates, and financial analysis of the developers and property owners. Construction loans are based upon estimates of costs and value associated with the complete project. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their repayment being sensitive to interest rate changes, governmental regulation of real property, economic conditions, completion of the construction project, and the availability of long-term financing.
Consumer real estate loans, including residential real estate and home equity loans, are underwritten based on the borrower’s loan-to-value percentage, collection remedies, and overall credit history.
Consumer loans are underwritten based on the borrower’s repayment ability. The Company monitors delinquencies on all of its consumer loans and leases. The underwriting and review practices combined with the relatively small loan amounts that are spread across many individual borrowers, minimizes risk. Consumer loans and leases that are 90 days past due or more are considered non-performing.
Credit cards include both commercial and consumer credit cards. Commercial credit cards are generally unsecured and are underwritten with criteria similar to commercial loans, including an analysis of the borrower’s cash flow, available business capital, and overall creditworthiness of the borrower. Consumer credit cards are underwritten based on the borrower’s repayment ability. The Company monitors delinquencies on all of its consumer credit cards and periodically reviews the distribution of credit scores relative to historical periods to monitor credit risk on its consumer credit card loans.
Credit risk is a potential loss resulting from nonpayment of either the primary or secondary exposure. Credit risk is mitigated with formal risk management practices and a thorough initial credit-granting process including consistent underwriting standards and approval process. Control factors or techniques to minimize credit risk include knowing the client, understanding total exposure, analyzing the client and debtor’s financial capacity, and monitoring the client’s activities. Credit risk and portions of the portfolio risk are managed through concentration considerations, average risk ratings, and other aggregate characteristics.

 
12

 

Loan Aging Analysis
The following tables provide a summary of loan classes and an aging of past due loans at March 31, 2026 and December 31, 2025 (in thousands):

 

 

March 31, 2026

 

 

 

30-89
Days Past
Due and
Accruing

 

 

Greater than
90 Days Past
Due and
Accruing

 

 

Nonaccrual
Loans

 

 

Total
Past Due

 

 

Current

 

 

Total Loans

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

8,811

 

 

$

1

 

 

$

55,975

 

 

$

64,787

 

 

$

17,003,977

 

 

$

17,068,764

 

Specialty lending

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

646,027

 

 

 

646,027

 

Commercial real estate

 

 

8,647

 

 

 

959

 

 

 

63,436

 

 

 

73,042

 

 

 

16,554,028

 

 

 

16,627,070

 

Consumer real estate

 

 

11,631

 

 

 

—

 

 

 

31,103

 

 

 

42,734

 

 

 

4,386,994

 

 

 

4,429,728

 

Consumer

 

 

568

 

 

 

5,182

 

 

 

147

 

 

 

5,897

 

 

 

230,085

 

 

 

235,982

 

Credit cards

 

 

10,603

 

 

 

8,782

 

 

 

589

 

 

 

19,974

 

 

 

697,857

 

 

 

717,831

 

Leases and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

408,923

 

 

 

408,923

 

Total loans

 

$

40,260

 

 

$

14,924

 

 

$

151,250

 

 

$

206,434

 

 

$

39,927,891

 

 

$

40,134,325

 

 

 

 

December 31, 2025

 

 

 

30-89
Days Past
Due and
Accruing

 

 

Greater than
90 Days Past
Due and
Accruing

 

 

Nonaccrual
Loans

 

 

Total
Past Due

 

 

Current

 

 

Total Loans

 

Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

36,391

 

 

$

6,417

 

 

$

26,633

 

 

$

69,441

 

 

$

16,201,079

 

 

$

16,270,520

 

Specialty lending

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

518,237

 

 

 

518,237

 

Commercial real estate

 

 

24,786

 

 

 

—

 

 

 

86,838

 

 

 

111,624

 

 

 

16,264,615

 

 

 

16,376,239

 

Consumer real estate

 

 

10,451

 

 

 

244

 

 

 

29,910

 

 

 

40,605

 

 

 

4,395,863

 

 

 

4,436,468

 

Consumer

 

 

689

 

 

 

5,237

 

 

 

777

 

 

 

6,703

 

 

 

232,108

 

 

 

238,811

 

Credit cards

 

 

9,194

 

 

 

6,505

 

 

 

508

 

 

 

16,207

 

 

 

684,526

 

 

 

700,733

 

Leases and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

238,400

 

 

 

238,400

 

Total loans

 

$

81,511

 

 

$

18,403

 

 

$

144,666

 

 

$

244,580

 

 

$

38,534,828

 

 

$

38,779,408

 

 
The Company sold consumer real estate loans with proceed s of $ 27.2 million and $ 16.4 million in the secondary market without recourse during the three months ended March 31, 2026 and 2025, respectively.
The Company has ceased the recognition of interest on l oans with a carrying value of $ 151.3 million an d $ 144.7 million at March 31, 2026 and December 31, 2025, respectiv ely. Restructured loans totaled $ 163 thousand a nd $ 169 thousand at March 31, 2026 and December 31, 2025, respectively. Loans 90 days past due and still accruing interest amounted to $ 14.9 million and $ 18.4 million at March 31, 2026 and December 31, 2025, respectively. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. There was an insignificant amount of interest reversed related to loans on nonaccrual during 2026 and 2025 . Nonaccrual loans with no related allowance for credit losses totaled $ 76.9 million and $ 76.8 million at March 31, 2026 and December 31, 2025, respectively.

 
13

 

The following tables provide the amortized cost of nonaccrual loans with no related allowance for credit losses by loan class at March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

March 31, 2026

 

 

 

Nonaccrual
Loans

 

 

Amortized Cost of Nonaccrual Loans with no related Allowance

 

Loans

 

 

 

 

 

 

Commercial and industrial

 

$

55,975

 

 

$

12,640

 

Specialty lending

 

 

—

 

 

 

—

 

Commercial real estate

 

 

63,436

 

 

 

33,407

 

Consumer real estate

 

 

31,103

 

 

 

30,094

 

Consumer

 

 

147

 

 

 

147

 

Credit cards

 

 

589

 

 

 

589

 

Leases and other

 

 

—

 

 

 

—

 

Total loans

 

$

151,250

 

 

$

76,877

 

 

 

 

December 31, 2025

 

 

 

Nonaccrual
Loans

 

 

Amortized Cost of Nonaccrual Loans with no related Allowance

 

Loans

 

 

 

 

 

 

Commercial and industrial

 

$

26,633

 

 

$

10,870

 

Specialty lending

 

 

—

 

 

 

—

 

Commercial real estate

 

 

86,838

 

 

 

35,973

 

Consumer real estate

 

 

29,910

 

 

 

28,661

 

Consumer

 

 

777

 

 

 

777

 

Credit cards

 

 

508

 

 

 

508

 

Leases and other

 

 

—

 

 

 

—

 

Total loans

 

$

144,666

 

 

$

76,789

 

Amortized Cost
The following tables provide a summary of the amortized cost balance of each of the Company’s loan classes disaggregated by collateral type and origination year as of March 31, 2026 and December 31, 2025, as well as the gross charge-offs by loan class and origination year for the three months ended March 31, 2026 (in thousands):
 

 
14

 

 

 

March 31, 2026

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Loan Segment
and Type

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment/Accounts Receivable/Inventory

 

$

944,324

 

 

$

2,793,596

 

 

$

1,811,310

 

 

$

907,969

 

 

$

874,584

 

 

$

762,205

 

 

$

5,791,960

 

 

$

44,961

 

 

$

13,930,909

 

Agriculture

 

 

6,744

 

 

 

26,657

 

 

 

20,970

 

 

 

23,301

 

 

 

6,582

 

 

 

5,492

 

 

 

400,425

 

 

 

479

 

 

 

490,650

 

NDFIs

 

 

39,118

 

 

 

190,987

 

 

 

282,494

 

 

 

360,651

 

 

 

60,399

 

 

 

27,655

 

 

 

1,674,758

 

 

 

—

 

 

 

2,636,062

 

Overdrafts

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

11,143

 

 

 

—

 

 

 

11,143

 

Total Commercial and industrial

 

 

990,186

 

 

 

3,011,240

 

 

 

2,114,774

 

 

 

1,291,921

 

 

 

941,565

 

 

 

795,352

 

 

 

7,878,286

 

 

 

45,440

 

 

 

17,068,764

 

Current period charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

82

 

 

 

117

 

 

 

73

 

 

 

3,077

 

 

 

—

 

 

 

3,349

 

Specialty lending:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-based lending

 

 

51,006

 

 

 

45,458

 

 

 

5,528

 

 

 

—

 

 

 

5,407

 

 

 

46,864

 

 

 

491,764

 

 

 

—

 

 

 

646,027

 

Total Specialty lending

 

 

51,006

 

 

 

45,458

 

 

 

5,528

 

 

 

—

 

 

 

5,407

 

 

 

46,864

 

 

 

491,764

 

 

 

—

 

 

 

646,027

 

Current period charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner-occupied

 

 

272,512

 

 

 

1,130,699

 

 

 

594,932

 

 

 

553,366

 

 

 

938,003

 

 

 

1,396,518

 

 

 

46,285

 

 

 

—

 

 

 

4,932,315

 

Non-owner-occupied

 

 

486,814

 

 

 

1,629,000

 

 

 

693,463

 

 

 

682,722

 

 

 

994,330

 

 

 

1,310,146

 

 

 

41,608

 

 

 

—

 

 

 

5,838,083

 

Farmland

 

 

27,169

 

 

 

274,103

 

 

 

72,016

 

 

 

81,613

 

 

 

120,284

 

 

 

230,060

 

 

 

45,813

 

 

 

—

 

 

 

851,058

 

5+ Multi-family

 

 

175,875

 

 

 

205,422

 

 

 

194,712

 

 

 

169,618

 

 

 

509,376

 

 

 

523,346

 

 

 

10,198

 

 

 

—

 

 

 

1,788,547

 

1-4 Family construction

 

 

27,446

 

 

 

53,800

 

 

 

2,036

 

 

 

239

 

 

 

518

 

 

 

—

 

 

 

3,574

 

 

 

—

 

 

 

87,613

 

General construction

 

 

290,623

 

 

 

909,104

 

 

 

777,647

 

 

 

623,551

 

 

 

383,963

 

 

 

41,025

 

 

 

103,504

 

 

 

37

 

 

 

3,129,454

 

Total Commercial real estate

 

 

1,280,439

 

 

 

4,202,128

 

 

 

2,334,806

 

 

 

2,111,109

 

 

 

2,946,474

 

 

 

3,501,095

 

 

 

250,982

 

 

 

37

 

 

 

16,627,070

 

Current period charge-offs

 

 

—

 

 

 

—

 

 

 

403

 

 

 

6,145

 

 

 

3,221

 

 

 

995

 

 

 

—

 

 

 

—

 

 

 

10,764

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOC

 

 

608

 

 

 

743

 

 

 

393

 

 

 

1,718

 

 

 

2,555

 

 

 

8,562

 

 

 

700,318

 

 

 

4,329

 

 

 

719,226

 

First lien: 1-4 family

 

 

164,414

 

 

 

602,689

 

 

 

341,374

 

 

 

347,866

 

 

 

608,389

 

 

 

1,513,971

 

 

 

6,914

 

 

 

90

 

 

 

3,585,707

 

Junior lien: 1-4 family

 

 

3,985

 

 

 

18,623

 

 

 

28,274

 

 

 

18,352

 

 

 

27,443

 

 

 

22,443

 

 

 

5,675

 

 

 

—

 

 

 

124,795

 

Total Consumer real estate

 

 

169,007

 

 

 

622,055

 

 

 

370,041

 

 

 

367,936

 

 

 

638,387

 

 

 

1,544,976

 

 

 

712,907

 

 

 

4,419

 

 

 

4,429,728

 

Current period charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

367

 

 

 

64

 

 

 

82

 

 

 

—

 

 

 

—

 

 

 

513

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving line

 

 

—

 

 

 

1,485

 

 

 

34

 

 

 

22

 

 

 

48

 

 

 

595

 

 

 

147,111

 

 

 

2,749

 

 

 

152,044

 

Auto

 

 

2,427

 

 

 

7,166

 

 

 

6,322

 

 

 

8,319

 

 

 

4,283

 

 

 

876

 

 

 

—

 

 

 

—

 

 

 

29,393

 

Other

 

 

3,150

 

 

 

10,712

 

 

 

9,891

 

 

 

3,037

 

 

 

5,632

 

 

 

1,796

 

 

 

20,327

 

 

 

—

 

 

 

54,545

 

Total Consumer

 

 

5,577

 

 

 

19,363

 

 

 

16,247

 

 

 

11,378

 

 

 

9,963

 

 

 

3,267

 

 

 

167,438

 

 

 

2,749

 

 

 

235,982

 

Current period charge-offs

 

 

—

 

 

 

11

 

 

 

31

 

 

 

45

 

 

 

9

 

 

 

8

 

 

 

981

 

 

 

—

 

 

 

1,085

 

Credit cards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

341,393

 

 

 

—

 

 

 

341,393

 

Commercial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

376,438

 

 

 

—

 

 

 

376,438

 

Total Credit cards

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

717,831

 

 

 

—

 

 

 

717,831

 

Current period charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,876

 

 

 

—

 

 

 

5,876

 

Leases and other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leases

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,186

 

 

 

—

 

 

 

—

 

 

 

1,186

 

Other

 

 

22,966

 

 

 

166,465

 

 

 

17,497

 

 

 

7,386

 

 

 

7,721

 

 

 

11,716

 

 

 

173,986

 

 

 

—

 

 

 

407,737

 

Total Leases and other

 

 

22,966

 

 

 

166,465

 

 

 

17,497

 

 

 

7,386

 

 

 

7,721

 

 

 

12,902

 

 

 

173,986

 

 

 

—

 

 

 

408,923

 

Current period charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total loans

 

$

2,519,181

 

 

$

8,066,709

 

 

$

4,858,893

 

 

$

3,789,730

 

 

$

4,549,517

 

 

$

5,904,456

 

 

$

10,393,194

 

 

$

52,645

 

 

$

40,134,325

 

 

 
15

 

 

 

 

December 31, 2025

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Loan Segment
and Type

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Commercial and industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment/Accounts Receivable/Inventory

 

$

2,989,029

 

 

$

1,901,767

 

 

$

1,039,595

 

 

$

929,230

 

 

$

471,193

 

 

$

321,761

 

 

$

5,636,442

 

 

$

12,186

 

 

$

13,301,203

 

Agriculture

 

 

30,385

 

 

 

22,585

 

 

 

24,980

 

 

 

7,827

 

 

 

3,859

 

 

 

3,180

 

 

 

426,729

 

 

 

2,258

 

 

 

521,803

 

NDFIs

 

 

130,392

 

 

 

286,076

 

 

 

368,137

 

 

 

86,436

 

 

 

12,136

 

 

 

29,406

 

 

 

1,517,283

 

 

 

271

 

 

 

2,430,137

 

Overdrafts

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

17,377

 

 

 

—

 

 

 

17,377

 

Total Commercial and industrial

 

 

3,149,806

 

 

 

2,210,428

 

 

 

1,432,712

 

 

 

1,023,493

 

 

 

487,188

 

 

 

354,347

 

 

 

7,597,831

 

 

 

14,715

 

 

 

16,270,520

 

Specialty lending:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-based lending

 

 

46,480

 

 

 

5,639

 

 

 

—

 

 

 

5,801

 

 

 

25,763

 

 

 

22,632

 

 

 

411,922

 

 

 

—

 

 

 

518,237

 

Total Specialty lending

 

 

46,480

 

 

 

5,639

 

 

 

—

 

 

 

5,801

 

 

 

25,763

 

 

 

22,632

 

 

 

411,922

 

 

 

—

 

 

 

518,237

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner-occupied

 

 

1,151,075

 

 

 

529,761

 

 

 

599,178

 

 

 

955,385

 

 

 

775,378

 

 

 

724,775

 

 

 

39,505

 

 

 

—

 

 

 

4,775,057

 

Non-owner-occupied

 

 

1,664,285

 

 

 

656,031

 

 

 

847,458

 

 

 

1,018,831

 

 

 

769,616

 

 

 

736,502

 

 

 

41,093

 

 

 

1,054

 

 

 

5,734,870

 

Farmland

 

 

258,796

 

 

 

74,542

 

 

 

85,814

 

 

 

131,009

 

 

 

83,613

 

 

 

163,318

 

 

 

66,403

 

 

 

75

 

 

 

863,570

 

5+ Multi-family

 

 

329,902

 

 

 

179,107

 

 

 

171,945

 

 

 

554,125

 

 

 

434,660

 

 

 

96,475

 

 

 

10,441

 

 

 

—

 

 

 

1,776,655

 

1-4 Family construction

 

 

75,849

 

 

 

11,564

 

 

 

240

 

 

 

520

 

 

 

—

 

 

 

—

 

 

 

1,301

 

 

 

—

 

 

 

89,474

 

General construction

 

 

1,099,253

 

 

 

868,115

 

 

 

719,128

 

 

 

373,196

 

 

 

28,313

 

 

 

16,273

 

 

 

32,335

 

 

 

—

 

 

 

3,136,613

 

Total Commercial real estate

 

 

4,579,160

 

 

 

2,319,120

 

 

 

2,423,763

 

 

 

3,033,066

 

 

 

2,091,580

 

 

 

1,737,343

 

 

 

191,078

 

 

 

1,129

 

 

 

16,376,239

 

Consumer real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOC

 

 

2,748

 

 

 

399

 

 

 

756

 

 

 

2,075

 

 

 

577

 

 

 

7,784

 

 

 

698,503

 

 

 

5,331

 

 

 

718,173

 

First lien: 1-4 family

 

 

653,333

 

 

 

368,156

 

 

 

364,405

 

 

 

631,555

 

 

 

735,751

 

 

 

830,570

 

 

 

6,864

 

 

 

13

 

 

 

3,590,647

 

Junior lien: 1-4 family

 

 

20,458

 

 

 

31,221

 

 

 

19,212

 

 

 

28,538

 

 

 

17,405

 

 

 

6,048

 

 

 

4,766

 

 

 

—

 

 

 

127,648

 

Total Consumer real estate

 

 

676,539

 

 

 

399,776

 

 

 

384,373

 

 

 

662,168

 

 

 

753,733

 

 

 

844,402

 

 

 

710,133

 

 

 

5,344

 

 

 

4,436,468

 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving line

 

 

1,485

 

 

 

34

 

 

 

23

 

 

 

49

 

 

 

24

 

 

 

526

 

 

 

160,454

 

 

 

102

 

 

 

162,697

 

Auto

 

 

8,179

 

 

 

7,292

 

 

 

9,743

 

 

 

5,307

 

 

 

1,118

 

 

 

248

 

 

 

—

 

 

 

—

 

 

 

31,887

 

Other

 

 

12,907

 

 

 

11,197

 

 

 

3,514

 

 

 

5,917

 

 

 

853

 

 

 

1,272

 

 

 

8,567

 

 

 

—

 

 

 

44,227

 

Total Consumer

 

 

22,571

 

 

 

18,523

 

 

 

13,280

 

 

 

11,273

 

 

 

1,995

 

 

 

2,046

 

 

 

169,021

 

 

 

102

 

 

 

238,811

 

Credit cards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

347,749

 

 

 

—

 

 

 

347,749

 

Commercial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

352,984

 

 

 

—

 

 

 

352,984

 

Total Credit cards

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

700,733

 

 

 

—

 

 

 

700,733

 

Leases and other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leases

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,214

 

 

 

—

 

 

 

—

 

 

 

1,214

 

Other

 

 

181,160

 

 

 

16,408

 

 

 

8,588

 

 

 

8,713

 

 

 

7,344

 

 

 

1,671

 

 

 

13,302

 

 

 

—

 

 

 

237,186

 

Total Leases and other

 

 

181,160

 

 

 

16,408

 

 

 

8,588

 

 

 

8,713

 

 

 

7,344

 

 

 

2,885

 

 

 

13,302

 

 

 

—

 

 

 

238,400

 

Total loans

 

$

8,655,716

 

 

$

4,969,894

 

 

$

4,262,716

 

 

$

4,744,514

 

 

$

3,367,603

 

 

$

2,963,655

 

 

$

9,794,020

 

 

$

21,290

 

 

$

38,779,408

 

 
Accrued interest on loans totaled $ 180.1 million and $ 176.1 million as of March 31, 2026 and December 31, 2025, respectively, and is included in the Accrued income line on the Company’s Consolidated Balance Sheets. The total amount of accrued interest is excluded from the amortized cost basis of loans presented above. Further, the Company has elected not to measure an allowance for credit losses for accrued interest receivable.

 
16

 

Credit Quality Indicators
As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including trends related to the risk grading of specified classes of loans, net charge-offs, non-performing loans, and general economic conditions.
The Company utilizes a risk grading matrix to assign a rating to each of its commercial, commercial real estate, and construction real estate loans. Changes in credit risk are monitored on a continuous basis and changes in risk ratings are made when identified. The loan ratings are summarized into the following categories: Pass, Special Mention, Substandard, and Doubtful. Any loan not classified in one of the categories described below is considered to be a Pass loan. A description of the general characteristics of the loan rating categories is as follows:
• Special Mention – This rating reflects a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or the borrower’s credit position at some future date. The rating is not adversely classified and does not expose an institution to sufficient risk to warrant adverse classification.

• Substandard – This rating represents an asset inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Loans in this category are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified as substandard.

• Doubtful – This rating represents an asset that has all the weaknesses inherent in an asset classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, based on currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage of strengthening the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, liquidation procedures, capital injection, or perfecting liens.

 
Commercial and industrial
A discussion of the credit quality indicators that impact each type of collateral securing Commercial and industrial loans is included below:
Equipment, accounts receivable, and inventory General commercial and industrial loans are secured by working capital assets and non-real estate assets. The general purpose of these loans is for financing capital expenditures and current operations for commercial and industrial entities. These assets are short-term in nature. In the case of accounts receivable and inventories, the repayment of debt is reliant upon converting assets into cash or through goods and services being sold and collected. Collateral-based risk is due to aged short-term assets, which can be indicative of underlying issues with the borrower and lead to the value of the collateral being overstated.
Agriculture Agricultural loans are secured by non-real estate agricultural assets. These include shorter-term assets such as equipment, crops, and livestock. The risks associated with loans to finance crops or livestock include the borrower’s ability to successfully raise and market the commodity. Adverse weather conditions and other natural perils can dramatically affect farmers’ or ranchers’ production and ability to service debt. Volatile commodity prices present another significant risk for agriculture borrowers. Market price volatility and production cost volatility can affect both revenues and expenses.
Non-Depository Financial Institutions NDFI loans are secured by working capital assets and non-real estate assets. The general purpose of these loans is for financing capital expenditures and current operations. The repayment of debt is reliant upon converting assets into cash or through services being sold and collected. Collateral-based risk is due to aged short-term assets, which can be indicative of underlying issues with the borrower and lead to the value of the collateral being overstated. Other risks consist of collateral that is secured by the stock

 
17

 

of a NDFI, which can be unlisted stock with a limited market for the stock, or volatility of asset values driven by market performance.
Overdrafts Commercial overdrafts are typically short-term and unsecured. Some commercial borrowers tie their overdraft obligation to their line of credit, so any draw on the line of credit will satisfy the overdraft.
Based on the factors noted above for each type of collateral, the Company assigns risk ratings to borrowers based on their most recently assessed financial position.
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

March 31, 2026

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Equipment/Accounts Receivable/Inventory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

896,316

 

 

$

2,765,221

 

 

$

1,765,479

 

 

$

863,551

 

 

$

817,668

 

 

$

746,156

 

 

$

5,567,354

 

 

$

36,429

 

 

$

13,458,174

 

Special Mention

 

 

—

 

 

 

3,542

 

 

 

34,684

 

 

 

9,158

 

 

 

1,950

 

 

 

5,344

 

 

 

87,796

 

 

 

495

 

 

 

142,969

 

Substandard

 

 

48,008

 

 

 

20,662

 

 

 

7,077

 

 

 

35,179

 

 

 

54,962

 

 

 

10,705

 

 

 

136,347

 

 

 

8,037

 

 

 

320,977

 

Doubtful

 

 

—

 

 

 

4,171

 

 

 

4,070

 

 

 

81

 

 

 

4

 

 

 

—

 

 

 

463

 

 

 

—

 

 

 

8,789

 

Total Equipment/Accounts Receivable/Inventory

 

$

944,324

 

 

$

2,793,596

 

 

$

1,811,310

 

 

$

907,969

 

 

$

874,584

 

 

$

762,205

 

 

$

5,791,960

 

 

$

44,961

 

 

$

13,930,909

 

Agriculture

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

5,737

 

 

$

25,070

 

 

$

20,673

 

 

$

23,022

 

 

$

6,439

 

 

$

4,912

 

 

$

384,267

 

 

$

60

 

 

$

470,180

 

Special Mention

 

 

383

 

 

 

1,413

 

 

 

—

 

 

 

160

 

 

 

44

 

 

 

52

 

 

 

4,287

 

 

 

—

 

 

 

6,339

 

Substandard

 

 

124

 

 

 

174

 

 

 

297

 

 

 

119

 

 

 

99

 

 

 

528

 

 

 

11,871

 

 

 

419

 

 

 

13,631

 

Doubtful

 

 

500

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

500

 

Total Agriculture

 

$

6,744

 

 

$

26,657

 

 

$

20,970

 

 

$

23,301

 

 

$

6,582

 

 

$

5,492

 

 

$

400,425

 

 

$

479

 

 

$

490,650

 

NDFIs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

39,118

 

 

$

190,605

 

 

$

274,405

 

 

$

357,842

 

 

$

57,247

 

 

$

27,160

 

 

$

1,642,072

 

 

$

—

 

 

$

2,588,449

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

32,686

 

 

 

—

 

 

 

32,686

 

Substandard

 

 

—

 

 

 

382

 

 

 

8,089

 

 

 

2,809

 

 

 

3,152

 

 

 

495

 

 

 

—

 

 

 

—

 

 

 

14,927

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total NDFIs

 

$

39,118

 

 

$

190,987

 

 

$

282,494

 

 

$

360,651

 

 

$

60,399

 

 

$

27,655

 

 

$

1,674,758

 

 

$

—

 

 

$

2,636,062

 

 

 
18

 

 

 

December 31, 2025

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Equipment/Accounts Receivable/Inventory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

2,958,147

 

 

$

1,842,768

 

 

$

982,320

 

 

$

874,006

 

 

$

462,210

 

 

$

302,753

 

 

$

5,404,325

 

 

$

4,492

 

 

$

12,831,021

 

Special Mention

 

 

4,962

 

 

 

37,671

 

 

 

7,883

 

 

 

6,085

 

 

 

893

 

 

 

9,535

 

 

 

63,256

 

 

 

6,635

 

 

 

136,920

 

Substandard

 

 

21,647

 

 

 

17,207

 

 

 

49,292

 

 

 

49,139

 

 

 

8,090

 

 

 

9,473

 

 

 

168,348

 

 

 

1,059

 

 

 

324,255

 

Doubtful

 

 

4,273

 

 

 

4,121

 

 

 

100

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

513

 

 

 

—

 

 

 

9,007

 

Total Equipment/Accounts Receivable/Inventory

 

$

2,989,029

 

 

$

1,901,767

 

 

$

1,039,595

 

 

$

929,230

 

 

$

471,193

 

 

$

321,761

 

 

$

5,636,442

 

 

$

12,186

 

 

$

13,301,203

 

Agriculture

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

26,921

 

 

$

22,252

 

 

$

24,757

 

 

$

7,254

 

 

$

3,824

 

 

$

2,622

 

 

$

406,985

 

 

$

815

 

 

$

495,430

 

Special Mention

 

 

2,464

 

 

 

—

 

 

 

—

 

 

 

71

 

 

 

35

 

 

 

—

 

 

 

5,374

 

 

 

—

 

 

 

7,944

 

Substandard

 

 

1,000

 

 

 

333

 

 

 

223

 

 

 

502

 

 

 

—

 

 

 

558

 

 

 

14,370

 

 

 

—

 

 

 

16,986

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,443

 

 

 

1,443

 

Total Agriculture

 

$

30,385

 

 

$

22,585

 

 

$

24,980

 

 

$

7,827

 

 

$

3,859

 

 

$

3,180

 

 

$

426,729

 

 

$

2,258

 

 

$

521,803

 

NDFIs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

129,859

 

 

$

277,053

 

 

$

364,738

 

 

$

82,934

 

 

$

11,470

 

 

$

29,289

 

 

$

1,489,473

 

 

$

221

 

 

$

2,385,037

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

27,810

 

 

 

50

 

 

 

27,862

 

Substandard

 

 

533

 

 

 

9,023

 

 

 

3,399

 

 

 

3,502

 

 

 

664

 

 

 

117

 

 

 

—

 

 

 

—

 

 

 

17,238

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total NDFIs

 

$

130,392

 

 

$

286,076

 

 

$

368,137

 

 

$

86,436

 

 

$

12,136

 

 

$

29,406

 

 

$

1,517,283

 

 

$

271

 

 

$

2,430,137

 

 
Specialty lending
A discussion of the credit quality indicators that impact each type of collateral securing Specialty loans is included below:
Asset-based lending General asset-based loans are secured by accounts receivable, inventory, equipment, and real estate. The purpose of these loans is for financing current operations for commercial customers. The repayment of debt is reliant upon collection of the accounts receivable within 30 to 90 days or converting assets into cash or through goods and services being sold and collected. The Company tracks each individual borrower credit risk based on their loan to collateral position. Any borrower position where the underlying value of collateral is below the fair value of the loan is considered out-of-margin and inherently higher risk.
The following table provides a summary of the amortized cost balance by risk rating for asset-based loans as of March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

Asset-based lending

 

Risk

 

March 31, 2026

 

 

December 31, 2025

 

In-margin

 

$

646,027

 

 

$

518,237

 

Out-of-margin

 

 

—

 

 

 

—

 

Total

 

$

646,027

 

 

$

518,237

 

 

 
19

 

 
Commercial real estate
A discussion of the credit quality indicators that impact each type of collateral securing Commercial real estate loans is included below:
Owner-occupied Owner-occupied loans are secured by commercial real estate. These loans are often longer tenured and susceptible to multiple economic cycles. The loans rely on the owner-occupied operations to service debt which cover a broad spectrum of industries. Real estate debt can carry a significant amount of leverage for a borrower to maintain.
Non-owner-occupied Non-owner-occupied loans are secured by commercial real estate. These loans are often longer tenured and susceptible to multiple economic cycles. The key element of risk in this type of lending is the cyclical nature of real estate markets. Although national conditions affect the overall real estate industry, the effect of national conditions on local markets is equally important. Factors such as unemployment rates, consumer demand, household formation, and the level of economic activity can vary widely from state to state and among metropolitan areas. In addition to geographic considerations, markets can be defined by property type. While all sectors are influenced by economic conditions, some sectors are more sensitive to certain economic factors than others.
Farmland Farmland loans are secured by real estate used for agricultural purposes such as crop and livestock production. Assets used as collateral are long-term assets that carry the ability to have longer amortizations and maturities. Longer terms carry the risk of added susceptibility to market conditions. The limited purpose of some Agriculture-related collateral affects credit risk because such collateral may have limited or no other uses to support values when loan repayment problems emerge.
5+ Multi-family 5+ multi-family loans are secured by a multi-family residential property. The primary risks associated with this type of collateral are largely driven by economic conditions. The national and local market conditions can change with unemployment rates or competing supply of multi-family housing. Tenants may not be able to afford their housing or have better options and this can result in increased vacancy. Rents may need to be lowered to fill apartment units. Increased vacancy and lower rental rates not only drive the borrower’s ability to repay debt but also contribute to how the collateral is valued.
1-4 Family construction 1-4 family construction loans are secured by 1-4 family residential real estate and are in the process of construction or improvements being made. The predominant risk inherent to this portfolio is the risk associated with a borrower’s ability to successfully complete a project on time and within budget. Market conditions also play an important role in understanding the risk profile. Risk from adverse changes in market conditions from the start of development to completion can result in deflated collateral values.
General construction General construction loans are secured by commercial real estate in process of construction or improvements being made and their repayment is dependent on the collateral’s completion. Construction lending presents unique risks not encountered in term financing of existing real estate. The predominant risk inherent to this portfolio is the risk associated with a borrower’s ability to successfully complete a project on time and within budget. Commercial properties under construction are susceptible to market and economic conditions. Demand from prospective customers may erode after construction begins because of a general economic slowdown or an increase in the supply of competing properties.
Based on the factors noted above for each type of collateral, the Company assigns risk ratings to borrowers based on their most recently assessed financial position.
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2026 and December 31, 2025 (in thousands):

 
20

 

 

 

March 31, 2026

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Owner-occupied

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

219,452

 

 

$

1,109,580

 

 

$

592,413

 

 

$

508,506

 

 

$

886,752

 

 

$

1,328,977

 

 

$

45,920

 

 

$

—

 

 

$

4,691,600

 

Special Mention

 

 

47,975

 

 

 

4,092

 

 

 

—

 

 

 

684

 

 

 

28,202

 

 

 

42,032

 

 

 

115

 

 

 

—

 

 

 

123,100

 

Substandard

 

 

5,085

 

 

 

17,027

 

 

 

2,519

 

 

 

44,176

 

 

 

23,049

 

 

 

25,509

 

 

 

250

 

 

 

—

 

 

 

117,615

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total Owner-occupied

 

$

272,512

 

 

$

1,130,699

 

 

$

594,932

 

 

$

553,366

 

 

$

938,003

 

 

$

1,396,518

 

 

$

46,285

 

 

$

—

 

 

$

4,932,315

 

Non-owner-occupied

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

476,564

 

 

$

1,593,597

 

 

$

689,553

 

 

$

659,208

 

 

$

957,239

 

 

$

1,273,746

 

 

$

36,646

 

 

$

—

 

 

$

5,686,553

 

Special Mention

 

 

2,140

 

 

 

23,348

 

 

 

1,924

 

 

 

16,508

 

 

 

7,676

 

 

 

9,284

 

 

 

—

 

 

 

—

 

 

 

60,880

 

Substandard

 

 

8,110

 

 

 

12,055

 

 

 

1,986

 

 

 

7,002

 

 

 

29,415

 

 

 

27,116

 

 

 

4,962

 

 

 

—

 

 

 

90,646

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

Total Non-owner-occupied

 

$

486,814

 

 

$

1,629,000

 

 

$

693,463

 

 

$

682,722

 

 

$

994,330

 

 

$

1,310,146

 

 

$

41,608

 

 

$

—

 

 

$

5,838,083

 

Farmland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

24,816

 

 

$

241,285

 

 

$

64,835

 

 

$

61,873

 

 

$

105,761

 

 

$

188,096

 

 

$

44,750

 

 

$

—

 

 

$

731,416

 

Special Mention

 

 

1,634

 

 

 

23,809

 

 

 

888

 

 

 

—

 

 

 

113

 

 

 

1,989

 

 

 

—

 

 

 

—

 

 

 

28,433

 

Substandard

 

 

719

 

 

 

9,009

 

 

 

6,293

 

 

 

19,740

 

 

 

14,410

 

 

 

39,975

 

 

 

1,063

 

 

 

—

 

 

 

91,209

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total Farmland

 

$

27,169

 

 

$

274,103

 

 

$

72,016

 

 

$

81,613

 

 

$

120,284

 

 

$

230,060

 

 

$

45,813

 

 

$

—

 

 

$

851,058

 

5+ Multi-family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

175,875

 

 

$

205,422

 

 

$

194,405

 

 

$

113,380

 

 

$

498,243

 

 

$

515,373

 

 

$

10,198

 

 

$

—

 

 

$

1,712,896

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

38,068

 

 

 

2,178

 

 

 

7,973

 

 

 

—

 

 

 

—

 

 

 

48,219

 

Substandard

 

 

—

 

 

 

—

 

 

 

307

 

 

 

18,170

 

 

 

8,955

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

27,432

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total 5+ Multi-family

 

$

175,875

 

 

$

205,422

 

 

$

194,712

 

 

$

169,618

 

 

$

509,376

 

 

$

523,346

 

 

$

10,198

 

 

$

—

 

 

$

1,788,547

 

1-4 Family construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

27,446

 

 

$

52,853

 

 

$

1,578

 

 

$

—

 

 

$

518

 

 

$

—

 

 

$

3,574

 

 

$

—

 

 

$

85,969

 

Special Mention

 

 

—

 

 

 

947

 

 

 

458

 

 

 

239

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,644

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total 1-4 Family construction

 

$

27,446

 

 

$

53,800

 

 

$

2,036

 

 

$

239

 

 

$

518

 

 

$

—

 

 

$

3,574

 

 

$

—

 

 

$

87,613

 

General construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

288,830

 

 

$

893,824

 

 

$

774,737

 

 

$

588,032

 

 

$

345,428

 

 

$

28,037

 

 

$

96,254

 

 

$

37

 

 

$

3,015,179

 

Special Mention

 

 

—

 

 

 

14,574

 

 

 

2,910

 

 

 

—

 

 

 

18,916

 

 

 

1,882

 

 

 

—

 

 

 

—

 

 

 

38,282

 

Substandard

 

 

1,793

 

 

 

605

 

 

 

—

 

 

 

35,519

 

 

 

19,619

 

 

 

11,106

 

 

 

7,250

 

 

 

—

 

 

 

75,892

 

Doubtful

 

 

—

 

 

 

101

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

101

 

Total General construction

 

$

290,623

 

 

$

909,104

 

 

$

777,647

 

 

$

623,551

 

 

$

383,963

 

 

$

41,025

 

 

$

103,504

 

 

$

37

 

 

$

3,129,454

 

 

 
21

 

 

 

December 31, 2025

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Owner-occupied

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,135,389

 

 

$

489,616

 

 

$

529,515

 

 

$

904,187

 

 

$

751,944

 

 

$

681,592

 

 

$

39,385

 

 

$

—

 

 

$

4,531,628

 

Special Mention

 

 

4,148

 

 

 

37,092

 

 

 

19,605

 

 

 

30,991

 

 

 

11,892

 

 

 

27,290

 

 

 

120

 

 

 

—

 

 

 

131,138

 

Substandard

 

 

11,538

 

 

 

3,053

 

 

 

50,058

 

 

 

20,207

 

 

 

11,542

 

 

 

15,893

 

 

 

—

 

 

 

—

 

 

 

112,291

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total Owner-occupied

 

$

1,151,075

 

 

$

529,761

 

 

$

599,178

 

 

$

955,385

 

 

$

775,378

 

 

$

724,775

 

 

$

39,505

 

 

$

—

 

 

$

4,775,057

 

Non-owner-occupied

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,619,478

 

 

$

652,107

 

 

$

827,493

 

 

$

974,293

 

 

$

749,272

 

 

$

716,905

 

 

$

36,134

 

 

$

1,054

 

 

$

5,576,736

 

Special Mention

 

 

23,339

 

 

 

1,950

 

 

 

—

 

 

 

19,994

 

 

 

745

 

 

 

12,307

 

 

 

—

 

 

 

—

 

 

 

58,335

 

Substandard

 

 

21,468

 

 

 

1,974

 

 

 

7,013

 

 

 

17,856

 

 

 

19,599

 

 

 

7,290

 

 

 

4,959

 

 

 

—

 

 

 

80,159

 

Doubtful

 

 

—

 

 

 

—

 

 

 

12,952

 

 

 

6,688

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

19,640

 

Total Non-owner-occupied

 

$

1,664,285

 

 

$

656,031

 

 

$

847,458

 

 

$

1,018,831

 

 

$

769,616

 

 

$

736,502

 

 

$

41,093

 

 

$

1,054

 

 

$

5,734,870

 

Farmland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

230,559

 

 

$

67,852

 

 

$

65,697

 

 

$

116,281

 

 

$

80,909

 

 

$

124,702

 

 

$

65,013

 

 

$

75

 

 

$

751,088

 

Special Mention

 

 

18,101

 

 

 

342

 

 

 

—

 

 

 

115

 

 

 

120

 

 

 

1,869

 

 

 

—

 

 

 

—

 

 

 

20,547

 

Substandard

 

 

10,136

 

 

 

6,348

 

 

 

20,117

 

 

 

14,613

 

 

 

2,584

 

 

 

36,747

 

 

 

1,390

 

 

 

—

 

 

 

91,935

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total Farmland

 

$

258,796

 

 

$

74,542

 

 

$

85,814

 

 

$

131,009

 

 

$

83,613

 

 

$

163,318

 

 

$

66,403

 

 

$

75

 

 

$

863,570

 

5+ Multi-family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

329,902

 

 

$

179,107

 

 

$

157,535

 

 

$

543,003

 

 

$

426,213

 

 

$

96,282

 

 

$

10,441

 

 

$

—

 

 

$

1,742,483

 

Special Mention

 

 

—

 

 

 

—

 

 

 

238

 

 

 

2,891

 

 

 

8,447

 

 

 

193

 

 

 

—

 

 

 

—

 

 

 

11,769

 

Substandard

 

 

—

 

 

 

—

 

 

 

14,172

 

 

 

8,231

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

22,403

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total 5+ Multi-family

 

$

329,902

 

 

$

179,107

 

 

$

171,945

 

 

$

554,125

 

 

$

434,660

 

 

$

96,475

 

 

$

10,441

 

 

$

—

 

 

$

1,776,655

 

1-4 Family construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

74,900

 

 

$

11,104

 

 

$

—

 

 

$

520

 

 

$

—

 

 

$

—

 

 

$

1,301

 

 

$

—

 

 

$

87,825

 

Special Mention

 

 

949

 

 

 

460

 

 

 

240

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,649

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total 1-4 Family construction

 

$

75,849

 

 

$

11,564

 

 

$

240

 

 

$

520

 

 

$

—

 

 

$

—

 

 

$

1,301

 

 

$

—

 

 

$

89,474

 

General construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,078,840

 

 

$

865,015

 

 

$

684,507

 

 

$

333,717

 

 

$

23,062

 

 

$

14,951

 

 

$

25,085

 

 

$

—

 

 

$

3,025,177

 

Special Mention

 

 

14,579

 

 

 

3,100

 

 

 

128

 

 

 

18,919

 

 

 

1,903

 

 

 

29

 

 

 

—

 

 

 

—

 

 

 

38,658

 

Substandard

 

 

5,732

 

 

 

—

 

 

 

34,493

 

 

 

20,560

 

 

 

3,348

 

 

 

1,293

 

 

 

7,250

 

 

 

—

 

 

 

72,676

 

Doubtful

 

 

102

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

102

 

Total General construction

 

$

1,099,253

 

 

$

868,115

 

 

$

719,128

 

 

$

373,196

 

 

$

28,313

 

 

$

16,273

 

 

$

32,335

 

 

$

—

 

 

$

3,136,613

 

Consumer real estate
A discussion of the credit quality indicators that impact each type of collateral securing Consumer real estate loans is included below:
HELOC HELOC loans are revolving lines of credit secured by 1-4 family residential property. The primary risk is the borrower’s inability to repay debt. Revolving notes are often associated with HELOCs that can be secured by real estate without a 1st lien priority. Collateral is susceptible to market volatility impacting home values or economic downturns.

 
22

 

First lien: 1-4 family First lien 1-4 family loans are secured by a first lien on 1-4 family residential property. These term loans carry longer maturities and amortizations. The longer tenure exposes the borrower to multiple economic cycles, coupled with longer amortizations that result in smaller principal reduction early in the life of the loan. Collateral is susceptible to market volatility impacting home values.
Junior lien: 1-4 family Junior lien 1-4 family loans are secured by a junior lien on 1-4 family residential property. The Company’s primary risk is the borrower’s inability to repay debt and not being in a first lien position. Collateral is susceptible to market volatility impacting home values or economic downturns.
A borrower is considered non-performing if the Company has ceased the recognition of interest and the loan is placed on non-accrual. Charge-offs and borrower performance are tracked on a loan origination vintage basis. Certain vintages, based on their maturation cycle, could be at higher risk due to collateral-based risk factors.
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

March 31, 2026

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

HELOC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

608

 

 

$

731

 

 

$

87

 

 

$

1,006

 

 

$

1,693

 

 

$

6,526

 

 

$

700,053

 

 

$

3,300

 

 

$

714,004

 

Non-performing

 

 

—

 

 

 

12

 

 

 

306

 

 

 

712

 

 

 

862

 

 

 

2,036

 

 

 

265

 

 

 

1,029

 

 

 

5,222

 

Total HELOC

 

$

608

 

 

$

743

 

 

$

393

 

 

$

1,718

 

 

$

2,555

 

 

$

8,562

 

 

$

700,318

 

 

$

4,329

 

 

$

719,226

 

First lien: 1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

164,306

 

 

$

601,150

 

 

$

340,836

 

 

$

342,779

 

 

$

601,532

 

 

$

1,504,128

 

 

$

6,914

 

 

$

90

 

 

$

3,561,735

 

Non-performing

 

 

108

 

 

 

1,539

 

 

 

538

 

 

 

5,087

 

 

 

6,857

 

 

 

9,843

 

 

 

—

 

 

 

—

 

 

 

23,972

 

Total First lien: 1-4 family

 

$

164,414

 

 

$

602,689

 

 

$

341,374

 

 

$

347,866

 

 

$

608,389

 

 

$

1,513,971

 

 

$

6,914

 

 

$

90

 

 

$

3,585,707

 

Junior lien: 1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

3,985

 

 

$

18,623

 

 

$

27,987

 

 

$

18,291

 

 

$

27,326

 

 

$

22,117

 

 

$

5,675

 

 

$

—

 

 

$

124,004

 

Non-performing

 

 

—

 

 

 

—

 

 

 

287

 

 

 

61

 

 

 

117

 

 

 

326

 

 

 

—

 

 

 

—

 

 

 

791

 

Total Junior lien: 1-4 family

 

$

3,985

 

 

$

18,623

 

 

$

28,274

 

 

$

18,352

 

 

$

27,443

 

 

$

22,443

 

 

$

5,675

 

 

$

—

 

 

$

124,795

 

 

 
23

 

 

 

December 31, 2025

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

HELOC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

2,736

 

 

$

87

 

 

$

407

 

 

$

1,343

 

 

$

324

 

 

$

5,979

 

 

$

697,853

 

 

$

4,358

 

 

$

713,087

 

Non-performing

 

 

12

 

 

 

312

 

 

 

349

 

 

 

732

 

 

 

253

 

 

 

1,805

 

 

 

650

 

 

 

973

 

 

 

5,086

 

Total HELOC

 

$

2,748

 

 

$

399

 

 

$

756

 

 

$

2,075

 

 

$

577

 

 

$

7,784

 

 

$

698,503

 

 

$

5,331

 

 

$

718,173

 

First lien: 1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

608,545

 

 

$

367,915

 

 

$

359,419

 

 

$

624,670

 

 

$

732,306

 

 

$

824,314

 

 

$

6,864

 

 

$

13

 

 

$

3,524,046

 

Non-performing

 

 

44,788

 

 

 

241

 

 

 

4,986

 

 

 

6,885

 

 

 

3,445

 

 

 

6,256

 

 

 

—

 

 

 

—

 

 

 

66,601

 

Total First lien: 1-4 family

 

$

653,333

 

 

$

368,156

 

 

$

364,405

 

 

$

631,555

 

 

$

735,751

 

 

$

830,570

 

 

$

6,864

 

 

$

13

 

 

$

3,590,647

 

Junior lien: 1-4 family

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

20,419

 

 

$

30,975

 

 

$

19,202

 

 

$

28,417

 

 

$

17,324

 

 

$

5,974

 

 

$

4,766

 

 

$

—

 

 

$

127,077

 

Non-performing

 

 

39

 

 

 

246

 

 

 

10

 

 

 

121

 

 

 

81

 

 

 

74

 

 

 

—

 

 

 

—

 

 

 

571

 

Total Junior lien: 1-4 family

 

$

20,458

 

 

$

31,221

 

 

$

19,212

 

 

$

28,538

 

 

$

17,405

 

 

$

6,048

 

 

$

4,766

 

 

$

—

 

 

$

127,648

 

 
Consumer
A discussion of the credit quality indicators that impact each type of collateral securing Consumer loans is included below:
Revolving line Consumer Revolving lines of credit are secured by consumer assets other than real estate. The primary risk associated with this collateral is related to market volatility and the value of the underlying financial assets.
Auto Direct consumer auto loans are secured by new and used consumer vehicles. The primary risk with this collateral class is the rate at which the collateral depreciates.
Other This category includes Other consumer loans made to an individual. The primary risk for this category is for those loans where the loan is unsecured. This collateral type also includes other unsecured lending such as consumer overdrafts.

 
24

 

A borrower is considered non-performing if the Company has ceased the recognition of interest and the loan is placed on non-accrual. Charge-offs and borrower performance are tracked on a loan origination vintage basis. Certain vintages, based on their maturation cycle, could be at higher risk due to collateral-based risk factors.
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

March 31, 2026

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Revolving line

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

—

 

 

$

1,485

 

 

$

34

 

 

$

22

 

 

$

47

 

 

$

593

 

 

$

147,104

 

 

$

2,732

 

 

$

152,017

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

2

 

 

 

7

 

 

 

17

 

 

 

27

 

Total Revolving line

 

$

—

 

 

$

1,485

 

 

$

34

 

 

$

22

 

 

$

48

 

 

$

595

 

 

$

147,111

 

 

$

2,749

 

 

$

152,044

 

Auto

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

2,427

 

 

$

7,166

 

 

$

6,322

 

 

$

8,319

 

 

$

4,245

 

 

$

871

 

 

$

—

 

 

$

—

 

 

$

29,350

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

38

 

 

 

5

 

 

 

—

 

 

 

—

 

 

 

43

 

Total Auto

 

$

2,427

 

 

$

7,166

 

 

$

6,322

 

 

$

8,319

 

 

$

4,283

 

 

$

876

 

 

$

—

 

 

$

—

 

 

$

29,393

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

3,150

 

 

$

10,709

 

 

$

9,872

 

 

$

3,037

 

 

$

5,613

 

 

$

1,770

 

 

$

20,327

 

 

$

—

 

 

$

54,478

 

Non-performing

 

 

—

 

 

 

3

 

 

 

19

 

 

 

—

 

 

 

19

 

 

 

26

 

 

 

—

 

 

 

—

 

 

 

67

 

Total Other

 

$

3,150

 

 

$

10,712

 

 

$

9,891

 

 

$

3,037

 

 

$

5,632

 

 

$

1,796

 

 

$

20,327

 

 

$

—

 

 

$

54,545

 

 

 

 

December 31, 2025

 

 

 

Amortized Cost Basis by Origination Year - Term Loans

 

 

 

 

 

 

 

 

 

 

Risk by Collateral

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Amortized Cost - Revolving Loans

 

 

Amortized Cost - Revolving Loans Converted to Term Loans

 

 

Total

 

Revolving line

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

1,485

 

 

$

34

 

 

$

23

 

 

$

47

 

 

$

24

 

 

$

525

 

 

$

159,834

 

 

$

99

 

 

$

162,071

 

Non-performing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

1

 

 

 

620

 

 

 

3

 

 

 

626

 

Total Revolving line

 

$

1,485

 

 

$

34

 

 

$

23

 

 

$

49

 

 

$

24

 

 

$

526

 

 

$

160,454

 

 

$

102

 

 

$

162,697

 

Auto

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

8,179

 

 

$

7,292

 

 

$

9,725

 

 

$

5,290

 

 

$

1,109

 

 

$

248

 

 

$

—

 

 

$

—

 

 

$

31,843

 

Non-performing

 

 

—

 

 

 

—

 

 

 

18

 

 

 

17

 

 

 

9

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

44

 

Total Auto

 

$

8,179

 

 

$

7,292

 

 

$

9,743

 

 

$

5,307

 

 

$

1,118

 

 

$

248

 

 

$

—

 

 

$

—

 

 

$

31,887

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

12,905

 

 

$

11,161

 

 

$

3,514

 

 

$

5,893

 

 

$

849

 

 

$

1,245

 

 

$

8,567

 

 

$

—

 

 

$

44,134

 

Non-performing

 

 

2

 

 

 

36

 

 

 

—

 

 

 

24

 

 

 

4

 

 

 

27

 

 

 

—

 

 

 

—

 

 

 

93

 

Total Other

 

$

12,907

 

 

$

11,197

 

 

$

3,514

 

 

$

5,917

 

 

$

853

 

 

$

1,272

 

 

$

8,567

 

 

$

—

 

 

$

44,227

 

 

 
25

 

Credit cards
A discussion of the credit quality indicators that impact Credit card loans is included below:
Consumer Consumer credit card loans are revolving loans made to individuals. The primary risk associated with this collateral class is credit card debt which is generally unsecured; therefore, repayment depends primarily on a borrower’s willingness and capacity to repay. The highly competitive environment for credit card lending provides consumers with ample opportunity to hold several credit cards from different issuers and to pay only minimum monthly payments on outstanding balances. In such an environment, borrowers may become over-extended and unable to repay, particularly in times of an economic downturn or a personal catastrophic event.
The consumer credit card portfolio is segmented by borrower payment activity. Transactors are defined as accounts that pay off their balance by the end of each statement cycle. Revolvers are defined as an account that carries a balance from one statement cycle to the next. These accounts incur monthly finance charges, and, sometimes, late fees. Revolvers are inherently higher risk and are tracked by credit score.
A co-branded credit card portfolio is also segmented between current and significantly delinquent loans, with accounts being considered significantly delinquent after 60 days . Current loans are segmented by borrower payment activity as described above. Significantly delinquent loans are tracked by the number of cycles past due.
Commercial Commercial credit card loans are revolving loans made to small and commercial businesses. The primary risk associated with this collateral class is credit card debt which is generally unsecured; therefore, repayment depends primarily on a borrower’s willingness and capacity to repay. Borrowers may become over-extended and unable to repay, particularly in times of an economic downturn or a catastrophic event.
The commercial credit card portfolio is segmented by current and past due payment status. A borrower is past due after 30 days. In general, commercial credit card customers do not have incentive to hold a balance resulting in paying interest on credit card debt as commercial customers will typically have other debt obligations with lower interest rates in which they can utilize for capital.
The following tables provide a summary of the amortized cost balance of consumer credit cards by risk rating as of March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

Consumer

 

Risk

 

March 31, 2026

 

 

December 31, 2025

 

Transactor accounts

 

$

122,494

 

 

$

123,445

 

Revolver accounts (by credit score):

 

 

 

 

 

 

Less than 600

 

 

12,922

 

 

 

13,123

 

600-619

 

 

6,657

 

 

 

7,127

 

620-639

 

 

11,911

 

 

 

12,243

 

640-659

 

 

19,360

 

 

 

19,679

 

660-679

 

 

20,322

 

 

 

20,261

 

680-699

 

 

22,516

 

 

 

22,814

 

700-719

 

 

24,366

 

 

 

25,385

 

720-739

 

 

21,141

 

 

 

22,547

 

740-759

 

 

20,345

 

 

 

19,838

 

760-779

 

 

19,859

 

 

 

19,864

 

780-799

 

 

18,143

 

 

 

18,774

 

800-819

 

 

11,588

 

 

 

11,782

 

820-839

 

 

5,551

 

 

 

6,151

 

840+

 

 

1,244

 

 

 

1,213

 

Total

 

$

338,419

 

 

$

344,246

 

 

 
26

 

The following table provides a summary of the amortized cost balance of consumer credit cards considered significantly delinquent for a co-branded portfolio by delinquent cycles as of March 31, 2026 and December 31, 2025 (in thousands) :
 

 

 

Consumer

 

Risk

 

March 31, 2026

 

 

December 31, 2025

 

61-90 Days

 

$

825

 

 

$

1,084

 

91-120 Days

 

 

813

 

 

 

848

 

121-150 Days

 

 

679

 

 

 

805

 

151-180 Days

 

 

657

 

 

 

766

 

Total

 

$

2,974

 

 

$

3,503

 

 
The following table provides a summary of the amortized cost balance of commercial credit cards by risk rating as of March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

Commercial

 

Risk

 

March 31, 2026

 

 

December 31, 2025

 

Current

 

$

347,195

 

 

$

330,585

 

Past Due

 

 

29,243

 

 

 

22,399

 

Total

 

$

376,438

 

 

$

352,984

 

 
Leases and other
A discussion of the credit quality indicators that impact each type of collateral securing Leases and other loans is included below:
Leases Leases are either loans to individuals for household, family, and other personal expenditures or are loans related to all other direct financing and leveraged leases on property for leasing to lessees other than for household, family and other personal expenditure purposes. All leases are secured by the lease between the lessor and the lessee. These assignments grant the creditor a security interest in the rent stream from any lease, an important source of cash to pay the note in case of the borrower’s default.
Other Other loans are loans that are obligations of states and political subdivisions in the U.S., loans for purchasing or carrying securities, or all other non-consumer loans. Risk associated with other loans is tied to the underlying collateral by each type of loan. Collateral is generally equipment, accounts receivable, inventory, 1-4 family residential construction and is susceptible to the same risks mentioned with those collateral types previously.
Based on the factors noted above for each type of collateral, the Company assigns risk ratings to borrowers based on their most recently assessed financial position.
The following table provides a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2026 and December 31, 2025 (in thousands):
 

 

 

Leases

 

 

Other

 

Risk

 

March 31, 2026

 

 

December 31, 2025

 

 

March 31, 2026

 

 

December 31, 2025

 

Pass

 

$

1,186

 

 

$

1,214

 

 

$

407,737

 

 

$

237,186

 

Special Mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

1,186

 

 

$

1,214

 

 

$

407,737

 

 

$

237,186

 

 

 
27

 

Allowance for Credit Losses
The ACL is a valuation account that is deducted from loans’ and held-to-maturity (HTM) securities’ amortized cost bases to present the net amount expected to be collected on the instrument. Loans and HTM securities are charged off against the ACL when management believes the balance has become uncollectible. Expected recoveries are included in the allowance and do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.
Management estimates the allowance balance using relevant available information, from internal and external sources, related to past events, current conditions, and reasonable and supportable economic forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses and is tracked over an economic cycle to capture a ‘through the cycle’ loss history. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in portfolio industry-based segmentation, risk rating and credit score changes, average prepayment rates, changes in environmental conditions, or other relevant factors. For economic forecasts, the Company uses the Moody’s baseline scenario. The Company has developed a dynamic reasonable and supportable forecast period that ranges from one to three years and changes based on economic conditions. The Company’s reasonable and supportable forecast period is one year . After the reasonable and supportable forecast period, the Company reverts to historical losses. The reversion method applied to each portfolio can either be cliff in which the Company reverts immediately to historical losses or straight-line over four quarters.
The ACL is measured on a collective (pool) basis when similar risk characteristics exist. The ACL also incorporates qualitative factors which represent adjustments to historical credit loss experience for items such as concentrations of credit and results of internal loan review. The Company has identified the following portfolio segments and measures the allowance for credit losses using the following methods. The Company’s portfolio segmentation consists of Commercial and industrial, Specialty lending, Commercial real estate, Consumer real estate, Consumer, Credit cards, Leases and other, and Held-to-maturity securities. Multiple modeling techniques are used to measure credit losses based on the portfolio.
The ACL for Commercial and industrial and Leases and other segments are measured using a probability of default and loss given default method. Primary risk drivers within the segment are risk ratings of the individual loans along with changes of macro-economic variables. The economic variables utilized are typically comprised of leading and lagging indicators. The ACL for Commercial and industrial loans is calculated by modeling probability of default (PD) over future periods multiplied by historical loss given default rates (LGD) multiplied by contractual exposure at default minus any estimated prepayments and charge offs.
Collateral positions for Specialty lending loans are continuously monitored by the Company and the borrower is required to continually adjust the amount of collateral securing the loan. Credit losses are measured for any position where the amortized cost basis is greater than the fair value of the collateral. The ACL for specialty lending loans is calculated by using a bottom-up approach comparing collateral values to outstanding balances.
The ACL for the Commercial real estate segment is measured using a PD and LGD method. Primary risk characteristics within the segment are risk ratings of the individual loans, along with changes of macro-economic variables, such as interest rates, CRE price index, median household income, construction activity, farm income, and vacancy rates. The ACL for Commercial real estate loans is calculated by modeling PD over future periods based on peer bank data. The PD loss rate is then multiplied by historical LGD multiplied by contractual exposure at default minus any estimated prepayments and charge offs.
The ACL for the Consumer real estate and Consumer segments are measured using an origination vintage loss rate method applied to the loans’ amortized cost balance. The primary risk driver within the segments is year of origination along with changes of macro-economic variables such as unemployment and the home price index.
The Credit card segment contains both consumer and commercial credit cards. The ACL for Consumer credit cards is measured using a PD and LGD method for Revolvers and average historical loss rates across a defined lookback period for Transactors. The PD and LGD method used for Revolvers is similar in nature to the method used in the Commercial and industrial and Commercial real estate segments. Primary risk drivers within the segment are credit ratings of the individual card holders along with changes of macro-economic variables such as

 
28