10-Q 1 umbf-20240331.htm 10-Q 10-Q
Q10000101382false--12-31one yearJuly 31, 2024http://fasb.org/us-gaap/2023#OtherAssetshttp://fasb.org/us-gaap/2023#OtherLiabilitieshttp://fasb.org/us-gaap/2023#OtherAssetshttp://fasb.org/us-gaap/2023#OtherLiabilities0000101382us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2023-01-012023-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMemberumbf:AgricultureLoansMember2023-12-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysCRatingMember2023-12-310000101382umbf:HeldToMaturityPortfolioSegmentMember2023-12-310000101382us-gaap:SpecialMentionMemberumbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMember2023-12-310000101382umbf:CreditScoreGreaterThan840Memberumbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysCRatingMember2024-03-310000101382srt:MoodysB3RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMember2022-12-310000101382us-gaap:SpecialMentionMemberumbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:MarquetteCapitalTrustIMember2024-03-310000101382us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382us-gaap:AdditionalPaidInCapitalMember2023-03-310000101382us-gaap:FinancialAssetPastDueMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberumbf:CollateralDependentAssetsMember2023-01-012023-12-310000101382umbf:AccruedExpensesAndTaxesMember2023-12-310000101382us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2023-01-012023-03-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:Maturity30To90DaysMember2024-03-310000101382umbf:PersonalBankingMemberus-gaap:CreditCardMember2024-01-012024-03-310000101382umbf:CreditScoreLessThan600Memberumbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:CollateralPledgedMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore800To819Memberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMember2024-03-310000101382us-gaap:InterestRateFloorMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2024-03-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:Maturity30To90DaysMember2023-12-310000101382us-gaap:FinancialAssetNotPastDueMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberumbf:CollateralDependentAssetsMember2024-01-012024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysCRatingMember2023-12-310000101382us-gaap:MortgageBackedSecuritiesMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMemberumbf:RealEstateHelocMember2024-03-310000101382us-gaap:FinancialAssetPastDueMember2023-12-310000101382umbf:HeartlandFinancialUsaIncMemberus-gaap:SubsequentEventMember2024-04-292024-04-290000101382umbf:EquitySecuritiesWithReadilyDeterminableFairValuesMember2024-03-310000101382umbf:CommercialCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:TreasuryStockCommonMember2022-12-310000101382umbf:HeldToMaturityPortfolioSegmentMember2023-01-012023-03-310000101382umbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberumbf:WatchPassMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:CollateralPledgedMember2024-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore720To739Memberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:CommitmentsToExtendCreditUnderCreditCardLoansMember2023-12-310000101382umbf:SpotForeignExchangeContractsMember2024-03-310000101382umbf:WellsFargoBankOnePointFourZeroPercentTwoThousandAndTwelveMember2024-01-012024-03-310000101382umbf:CreditCardsPortfolioSegmentMember2023-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:AgricultureLoansMember2024-03-310000101382us-gaap:RetainedEarningsMember2023-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310000101382umbf:HeldToMaturityPortfolioSegmentMember2022-12-310000101382umbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382umbf:SubordinatedDebtOneMember2022-09-012022-09-300000101382us-gaap:TreasuryStockCommonMember2023-01-012023-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysB1RatingMember2024-03-310000101382umbf:LoansPortfolioSegmentMember2022-12-310000101382umbf:OtherFinancialServicesMember2024-01-012024-03-310000101382us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherRevolvingLineMember2023-12-310000101382us-gaap:CustomerRelationshipsMember2023-12-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-310000101382srt:MoodysA2RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2024-03-310000101382us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2024-03-310000101382umbf:CreditCardsPortfolioSegmentMember2022-12-310000101382umbf:LeasesAndOtherPortfolioSegmentMember2023-01-012023-03-310000101382umbf:CreditScore680To699Memberumbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382umbf:OtherFinancingReceivableMemberumbf:NonWatchListPassMemberumbf:LeasesAndOtherPortfolioSegmentMember2024-03-310000101382umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:FairValueInputsLevel1Member2024-03-310000101382srt:MaximumMember2024-01-012024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysA2RatingMember2023-12-310000101382us-gaap:StandbyLettersOfCreditMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore620To639Memberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-310000101382us-gaap:SpecialMentionMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:CollateralPledgedMemberumbf:UsGovernmentAndOtherPublicDepositMember2023-12-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:AgricultureLoansMember2023-12-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysB2RatingMember2023-12-310000101382umbf:ConsumerRealEstateLoanClassMember2024-01-012024-03-310000101382umbf:CommitmentsToExtendCreditForLoansExcludingCreditCardLoansMember2024-03-310000101382us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382umbf:SpecialityLendingPortfolioSegmentMember2023-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberumbf:InterestRateFloorsAndFloorSpreadsMember2024-01-012024-03-310000101382us-gaap:MaturityOver90DaysMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-310000101382umbf:CommercialRealEstateFarmlandMemberumbf:NonWatchListPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:MaturityOver90DaysMember2024-03-310000101382us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382umbf:InvestmentSecuritiesGainsLossesNetMember2024-01-012024-03-310000101382umbf:PersonalBankingMemberumbf:BrokerageFeesMember2023-01-012023-03-310000101382umbf:SubordinatedDebtOneMember2022-09-300000101382us-gaap:MaturityUpTo30DaysMember2024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysB3RatingMember2023-12-310000101382umbf:FinancingReceivables30To89DaysPastDueMember2023-12-310000101382us-gaap:PerformingFinancingReceivableMemberumbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382us-gaap:SpecialMentionMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberumbf:CollateralDependentAssetsMember2024-03-310000101382us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310000101382umbf:BofaSecuritiesIncMemberus-gaap:SubsequentEventMember2024-04-290000101382us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:ConsumerPortfolioSegmentMemberumbf:FinancingReceivables30To89DaysPastDueMember2024-03-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMember2023-12-310000101382umbf:LeasesAndOtherPortfolioSegmentMember2023-03-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:CollateralPledgedMember2023-12-310000101382us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:MaturityOver90DaysMemberus-gaap:USTreasurySecuritiesMember2023-12-310000101382us-gaap:RepurchaseAgreementsMember2024-01-012024-03-310000101382umbf:InstitutionalBankingMemberus-gaap:CreditCardMember2024-01-012024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2023-12-310000101382us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember2023-12-310000101382umbf:SpecialityLendingPortfolioSegmentMember2023-12-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2024-01-012024-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore660To679Memberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherRevolvingLineMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateJuniorLienOneToFourFamilyMemberus-gaap:PerformingFinancingReceivableMember2023-12-310000101382umbf:OtherFinancialServicesMember2023-01-012023-03-310000101382us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2023-01-012023-12-310000101382umbf:PersonalBankingMember2024-03-310000101382us-gaap:FinancialAssetPastDueMemberumbf:CommercialCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMemberumbf:RealEstateJuniorLienOneToFourFamilyMember2024-03-310000101382umbf:TradingAndInvestmentBankingMember2024-01-012024-03-310000101382umbf:LoansPortfolioSegmentMember2024-03-310000101382umbf:TransactorAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-03-310000101382umbf:CommercialBankingMember2023-12-310000101382us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382us-gaap:FinancialAssetNotPastDueMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:CommercialBankingMemberumbf:BrokerageFeesMember2023-01-012023-03-310000101382umbf:HeldToMaturityPortfolioSegmentMember2024-01-012024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateJuniorLienOneToFourFamilyMemberus-gaap:CollateralPledgedMember2024-03-310000101382umbf:FederalReserveBankAndFederalHomeLoanBankStockMember2023-12-310000101382us-gaap:MaturityOver90DaysMemberus-gaap:USTreasurySecuritiesMember2024-03-310000101382umbf:InstitutionalBankingMemberumbf:BrokerageFeesMember2023-01-012023-03-310000101382umbf:OtherFinancingReceivableMemberus-gaap:CollateralPledgedMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMember2024-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2023-01-012023-03-310000101382us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2024-03-310000101382us-gaap:USTreasurySecuritiesMember2023-12-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberumbf:WatchPassMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:DoubtfulMember2024-03-310000101382umbf:PersonalBankingMember2022-12-310000101382us-gaap:CommonStockMember2022-12-310000101382us-gaap:CollateralPledgedMemberumbf:UsGovernmentAndOtherPublicDepositMember2024-03-310000101382us-gaap:FinancialAssetNotPastDueMemberumbf:LeasesAndOtherPortfolioSegmentMember2024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysB1RatingMember2023-12-310000101382us-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherRevolvingLineMember2023-12-310000101382us-gaap:PerformingFinancingReceivableMemberumbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382umbf:CommercialBankingMember2023-01-012023-03-310000101382umbf:PersonalBankingMemberus-gaap:FiduciaryAndTrustMember2023-01-012023-03-310000101382us-gaap:FiduciaryAndTrustMember2024-01-012024-03-310000101382umbf:FinancingReceivables30To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:FederalReserveBankTermFundingProgramMember2023-12-310000101382us-gaap:SubstandardMemberumbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:FinancialAssetPastDueMember2024-03-310000101382us-gaap:SpecialMentionMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:MaturityUpTo30DaysMember2023-12-310000101382us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2023-12-310000101382us-gaap:AdditionalPaidInCapitalMember2022-12-310000101382us-gaap:SubordinatedDebtMember2023-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMemberumbf:RealEstateHelocMember2023-12-310000101382us-gaap:InterestRateFloorMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2024-01-012024-03-310000101382srt:MoodysB2RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2023-12-310000101382us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMemberumbf:NonWatchListPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-3100001013822023-03-310000101382us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2023-12-310000101382umbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000101382us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2024-03-310000101382us-gaap:ForwardContractsMember2024-03-310000101382umbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:SubordinatedDebtOneMember2024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysA3RatingMember2024-03-310000101382us-gaap:FinancialAssetNotPastDueMember2024-03-310000101382us-gaap:InterestIncomeMemberus-gaap:InterestRateFloorMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2024-03-310000101382us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382umbf:LoansPortfolioSegmentMember2023-01-012023-03-310000101382umbf:BofaSecuritiesIncMemberus-gaap:SubsequentEventMember2024-04-302024-04-300000101382umbf:MarquetteCapitalTrustIMarquetteCapitalTrustIIIAndMarquetteCapitalTrustIVMemberumbf:MarquetteMemberumbf:TrustPreferredSecuritiesMember2024-01-012024-03-310000101382us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:FederalHomeLoanBankMember2023-12-310000101382umbf:CommitmentsToExtendCreditForLoansExcludingCreditCardLoansMember2023-12-310000101382umbf:InstitutionalBankingMemberus-gaap:FiduciaryAndTrustMember2023-01-012023-03-310000101382umbf:TradingAndInvestmentBankingMember2023-01-012023-03-310000101382us-gaap:SpecialMentionMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:DoubtfulMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2023-01-012023-03-310000101382umbf:BrokerageFeesMember2024-01-012024-03-310000101382us-gaap:SubstandardMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:InsuranceFeesAndCommissionsMember2024-01-012024-03-310000101382us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382umbf:MarquetteCapitalTrustIMember2023-12-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:NonWatchListPassMemberumbf:AgricultureLoansMember2023-12-310000101382us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:SpotForeignExchangeContractsMember2023-12-310000101382us-gaap:CollateralPledgedMemberumbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:DepositAccountMember2024-01-012024-03-310000101382us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:TradingAndInvestmentBankingMemberumbf:InstitutionalBankingMember2024-01-012024-03-310000101382us-gaap:FinancialAssetNotPastDueMemberumbf:SpecialityLendingPortfolioSegmentMember2023-12-310000101382umbf:CommercialRealEstateGeneralConstructionMemberumbf:WatchPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:CollateralPledgedMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:OtherFinancingReceivableMemberumbf:LeasesAndOtherPortfolioSegmentMemberumbf:WatchPassMember2023-12-310000101382umbf:FederalHomeLoanBankMember2024-03-310000101382umbf:SpecialityLendingPortfolioSegmentMember2023-01-012023-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMember2023-12-310000101382umbf:OtherFinancialServicesMemberumbf:PersonalBankingMember2024-01-012024-03-310000101382us-gaap:Maturity30To90DaysMember2024-03-310000101382us-gaap:CollateralizedLoanObligationsMember2024-03-3100001013822024-05-020000101382umbf:MarquetteCapitalTrustIIMember2023-12-310000101382umbf:AssetBasedLoansMemberumbf:InMarginMemberumbf:SpecialityLendingPortfolioSegmentMember2023-12-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:CollateralPledgedMember2024-03-310000101382us-gaap:SubordinatedDebtMember2024-01-012024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:OverdraftsMember2024-03-310000101382us-gaap:LetterOfCreditMemberumbf:FederalHomeLoanBankMember2024-03-310000101382umbf:ConsumerRealEstateLoanClassMember2023-01-012023-03-310000101382us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-03-310000101382umbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310000101382us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310000101382umbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382umbf:CreditCardsPortfolioSegmentMember2023-01-012023-03-310000101382us-gaap:AdditionalPaidInCapitalMember2023-12-310000101382us-gaap:SubordinatedDebtMember2020-09-300000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382us-gaap:CommonStockMember2024-03-310000101382us-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382umbf:OtherFinancingReceivableMemberumbf:LeasesAndOtherPortfolioSegmentMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMemberumbf:RealEstateHelocMember2023-12-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2024-03-310000101382umbf:FinancingReceivables30To89DaysPastDueMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:DoubtfulMember2023-12-310000101382us-gaap:CollateralizedLoanObligationsMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore800To819Memberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:InterestRateFloorMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2023-01-012023-03-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2023-12-310000101382us-gaap:SubstandardMemberumbf:OtherFinancingReceivableMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateFivePlusMultiFamilyMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:NonperformingFinancingReceivableMemberumbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382umbf:OtherFinancialServicesMemberumbf:InstitutionalBankingMember2024-01-012024-03-310000101382umbf:CommitmentsToExtendCreditUnderCreditCardLoansMember2024-03-310000101382umbf:PersonalBankingMemberumbf:BrokerageFeesMember2024-01-012024-03-310000101382umbf:CommercialLettersOfCreditMember2024-03-310000101382us-gaap:RetainedEarningsMember2024-03-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberumbf:CollateralDependentAssetsMember2023-12-310000101382us-gaap:USTreasurySecuritiesMemberus-gaap:MaturityUpTo30DaysMember2023-12-310000101382umbf:FederalReserveBankAndFederalHomeLoanBankStockMember2024-03-310000101382us-gaap:NondesignatedMember2024-03-310000101382us-gaap:SubordinatedDebtMember2024-03-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:CreditScore820To839Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-3100001013822022-12-310000101382us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:OverdraftsMember2023-12-310000101382us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2024-03-310000101382us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2023-12-310000101382us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherTradingMember2024-03-310000101382us-gaap:ForwardContractsMember2023-12-310000101382us-gaap:CollateralizedDebtObligationsMember2023-12-310000101382us-gaap:CollateralPledgedMemberumbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382umbf:SubordinatedDebtOneMember2024-01-012024-03-310000101382us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherRevolvingLineMember2024-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberumbf:FairValueDerivativesMemberus-gaap:InterestRateSwapMember2023-01-012023-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMember2023-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore700To719Memberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382srt:MoodysB3RatingMemberumbf:USStatesAndPoliticalSubdivisionsCompetitiveMember2024-03-310000101382umbf:FederalReserveBanksBankTermFundingProgramMember2024-03-310000101382umbf:FederalReserveDiscountWindowMember2024-03-310000101382umbf:RevolverAccountsMemberumbf:CreditScore780To799Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:CreditScoreGreaterThan840Memberumbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMember2022-12-310000101382srt:MoodysB2RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2024-03-310000101382umbf:OtherFinancialServicesMemberumbf:CommercialBankingMember2024-01-012024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateJuniorLienOneToFourFamilyMember2024-03-310000101382umbf:PersonalBankingMemberumbf:InsuranceFeesAndCommissionsMember2023-01-012023-03-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberumbf:CollateralDependentAssetsMember2024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysA1RatingMember2024-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMember2024-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2023-01-012023-03-310000101382us-gaap:CreditCardMember2023-01-012023-03-310000101382umbf:CommercialBankingMember2024-01-012024-03-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:InstitutionalBankingMemberumbf:BrokerageFeesMember2024-01-012024-03-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:NonWatchListPassMember2023-12-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMember2024-03-310000101382umbf:LeasesAndOtherPortfolioSegmentMember2024-01-012024-03-310000101382us-gaap:CollateralPledgedMember2024-03-310000101382umbf:MarquetteCapitalTrustIMarquetteCapitalTrustIIIAndMarquetteCapitalTrustIVMembersrt:MaximumMemberumbf:MarquetteMemberumbf:TrustPreferredSecuritiesMember2024-01-012024-03-310000101382umbf:PersonalBankingMemberus-gaap:DepositAccountMember2024-01-012024-03-310000101382us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysB2RatingMember2023-12-310000101382umbf:CommercialLettersOfCreditMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMember2023-12-310000101382us-gaap:StandbyLettersOfCreditMember2024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysA2RatingMember2023-12-310000101382us-gaap:CollateralPledgedMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:CreditScore820To839Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:DepositAccountMemberumbf:CommercialBankingMember2024-01-012024-03-310000101382umbf:OtherFinancialServicesMemberumbf:PersonalBankingMember2023-01-012023-03-310000101382us-gaap:SubstandardMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:CreditScore760To779Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:PersonalBankingMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMember2023-12-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310000101382umbf:EquitySecuritiesWithoutReadilyDeterminableFairValuesMember2024-03-310000101382us-gaap:SubordinatedDebtMember2020-09-012020-09-300000101382us-gaap:CoreDepositsMember2023-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:FinancingReceivables30To89DaysPastDueMember2024-03-310000101382umbf:OtherFinancingLeasesMemberumbf:NonWatchListPassMemberumbf:LeasesAndOtherPortfolioSegmentMember2024-03-310000101382umbf:SpecialityLendingPortfolioSegmentMember2024-01-012024-03-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382umbf:CommercialRealEstateGeneralConstructionMemberumbf:WatchPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:AdditionalPaidInCapitalMember2024-03-310000101382srt:MoodysA3RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMemberumbf:AgricultureLoansMember2024-03-310000101382umbf:MarquetteCapitalTrustIIIMember2024-03-310000101382umbf:RevolverAccountsMemberumbf:CreditScore760To779Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysA1RatingMember2024-03-310000101382us-gaap:USTreasurySecuritiesMember2024-03-310000101382us-gaap:HeldtomaturitySecuritiesMember2024-01-012024-03-310000101382us-gaap:FairValueInputsLevel1Member2023-12-310000101382umbf:FederalHomeLoanBankMember2024-03-310000101382umbf:InsuranceFeesAndCommissionsMember2023-01-012023-03-310000101382us-gaap:FinancialAssetNotPastDueMemberumbf:CommercialCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore640To659Memberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:RetainedEarningsMember2024-01-012024-03-310000101382umbf:CommercialRealEstateNonOwnerOccupiedMemberumbf:WatchPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:InterestRateFloorMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2023-01-012023-12-310000101382us-gaap:InterestRateFloorMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2023-12-310000101382umbf:InstitutionalBankingMemberus-gaap:DepositAccountMember2023-01-012023-03-310000101382us-gaap:CommonStockMember2023-12-310000101382us-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2023-12-310000101382us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310000101382us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysA1RatingMember2023-12-310000101382us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:NonWatchListPassMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:CollateralPledgedMember2023-12-310000101382us-gaap:RetainedEarningsMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:CreditScore740To759Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:OtherFinancingLeasesMemberumbf:NonWatchListPassMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382umbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2023-12-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysA1RatingMember2023-12-3100001013822024-03-310000101382us-gaap:TreasuryStockCommonMember2024-01-012024-03-310000101382umbf:PersonalBankingMemberus-gaap:CreditCardMember2023-01-012023-03-310000101382us-gaap:CoreDepositsMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMember2023-01-012023-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:FinancingReceivables30To89DaysPastDueMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:CreditScore680To699Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2024-01-012024-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore700To719Memberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000101382us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:SubstandardMemberumbf:OtherFinancingReceivableMemberumbf:LeasesAndOtherPortfolioSegmentMember2024-03-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:LeasesAndOtherPortfolioSegmentMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMember2023-01-012023-03-310000101382umbf:TransactorAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:RetainedEarningsMember2022-12-310000101382us-gaap:CorporateDebtSecuritiesMember2024-03-310000101382umbf:OtherFinancingReceivableMemberumbf:NonWatchListPassMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382us-gaap:MaturityUpTo30DaysMember2023-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000101382umbf:CommercialRealEstateFarmlandMemberumbf:NonWatchListPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:HeartlandFinancialUsaIncMemberus-gaap:SubsequentEventMember2024-04-290000101382us-gaap:SubstandardMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:NonperformingFinancingReceivableMemberumbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMember2024-03-310000101382us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-3100001013822024-01-012024-03-310000101382us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000101382umbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382us-gaap:ConsumerPortfolioSegmentMember2023-03-310000101382umbf:BankcardFeesMember2024-01-012024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2024-03-310000101382us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382umbf:CommercialRealEstateFivePlusMultiFamilyMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310000101382umbf:CommercialRealEstateFivePlusMultiFamilyMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:LoansPortfolioSegmentMember2023-03-310000101382us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2023-12-310000101382umbf:MarquetteCapitalTrustIMarquetteCapitalTrustIIIAndMarquetteCapitalTrustIVMemberumbf:MarquetteMembersrt:MinimumMemberumbf:TrustPreferredSecuritiesMember2024-01-012024-03-310000101382us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:CollateralPledgedMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:MaturityUpTo30DaysMember2024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberumbf:WatchPassMember2024-03-310000101382umbf:CreditScore600To619Memberumbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2024-03-310000101382us-gaap:MortgageBackedSecuritiesMember2023-12-310000101382us-gaap:FinancialAssetPastDueMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMemberumbf:AgricultureLoansMember2023-12-310000101382us-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:SubstandardMemberumbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMemberumbf:CreditScore720To739Member2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMember2023-03-310000101382umbf:PersonalBankingMemberus-gaap:DepositAccountMember2023-01-012023-03-310000101382umbf:CommercialBankingMember2024-03-310000101382srt:MinimumMember2024-01-012024-03-310000101382umbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-310000101382umbf:PersonalBankingMemberus-gaap:FiduciaryAndTrustMember2024-01-012024-03-310000101382us-gaap:FinancialAssetNotPastDueMember2023-12-310000101382umbf:MarquetteCapitalTrustIIMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateHelocMember2023-12-310000101382us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherTradingMember2024-03-310000101382us-gaap:LetterOfCreditMemberumbf:FederalHomeLoanBankMember2024-01-012024-03-310000101382us-gaap:MaturityOver90DaysMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateHelocMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310000101382umbf:OtherFinancialServicesMemberumbf:InstitutionalBankingMember2023-01-012023-03-310000101382umbf:RevolverAccountsMemberumbf:CreditScore780To799Memberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:AccruedExpensesAndTaxesMember2024-03-310000101382umbf:WellsFargoBankOnePointFourZeroPercentTwoThousandAndTwelveMember2024-03-310000101382umbf:CreditCardsPortfolioSegmentMember2024-01-012024-03-3100001013822023-01-012023-03-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2024-01-012024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateJuniorLienOneToFourFamilyMemberus-gaap:PerformingFinancingReceivableMember2024-03-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMember2024-03-310000101382umbf:FinancingReceivables30To89DaysPastDueMember2024-03-310000101382umbf:CommitmentsToExtendCreditForSecuritiesPurchasedUnderAgreementsToResellMember2024-03-310000101382srt:MoodysB3RatingMemberumbf:USStatesAndPoliticalSubdivisionsCompetitiveMember2023-12-310000101382us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:FiduciaryAndTrustMember2023-01-012023-03-310000101382us-gaap:USTreasurySecuritiesMember2024-03-310000101382us-gaap:CollateralizedDebtObligationsMember2024-03-310000101382umbf:FinancingReceivables30To89DaysPastDueMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherTradingMember2023-12-310000101382umbf:InstitutionalBankingMemberus-gaap:DepositAccountMember2024-01-012024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:HeldToMaturityPortfolioSegmentMember2023-03-310000101382umbf:SubordinatedDebtOneMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SubstandardMemberumbf:AgricultureLoansMember2024-03-310000101382us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-03-310000101382umbf:CreditScoreLessThan600Memberumbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMember2024-03-310000101382umbf:InstitutionalBankingMemberus-gaap:CreditCardMember2023-01-012023-03-310000101382umbf:SubordinatedDebtOneMember2023-12-310000101382umbf:InstitutionalBankingMemberus-gaap:FiduciaryAndTrustMember2024-01-012024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysCRatingMember2024-03-310000101382us-gaap:FairValueInputsLevel2Member2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2024-03-310000101382umbf:TradingAndInvestmentBankingMemberumbf:InstitutionalBankingMember2023-01-012023-03-310000101382umbf:LoansPortfolioSegmentMember2024-01-012024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382umbf:EquitySecuritiesWithReadilyDeterminableFairValuesMember2023-12-310000101382umbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:CommercialBankingMemberumbf:BrokerageFeesMember2024-01-012024-03-310000101382umbf:HeldToMaturityPortfolioSegmentMember2024-03-310000101382umbf:InstitutionalBankingMember2022-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMemberumbf:RealEstateHelocMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMemberumbf:RealEstateHelocMember2023-12-310000101382us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2024-03-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:WatchPassMember2024-03-310000101382umbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMember2023-12-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:NonWatchListPassMemberumbf:AgricultureLoansMember2024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysB2RatingMember2024-03-310000101382umbf:InstitutionalBankingMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMember2024-01-012024-03-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:OtherFinancingLeasesMemberumbf:LeasesAndOtherPortfolioSegmentMember2024-03-310000101382us-gaap:SubordinatedDebtMember2024-03-310000101382umbf:PersonalBankingMember2023-01-012023-03-310000101382umbf:SpecialityLendingPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310000101382us-gaap:CollateralPledgedMemberumbf:ConsumerOtherAutoMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310000101382umbf:LeasesAndOtherPortfolioSegmentMember2022-12-310000101382umbf:OtherFinancialServicesMemberumbf:CommercialBankingMember2023-01-012023-03-310000101382umbf:CommercialCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMember2024-03-310000101382us-gaap:FairValueMeasurementsNonrecurringMember2023-01-012023-12-310000101382umbf:InstitutionalBankingMember2024-01-012024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysB1RatingMember2023-12-310000101382umbf:MarquetteCapitalTrustIMarquetteCapitalTrustIIMarquetteCapitalTrustIIIAndMarquetteCapitalTrustIVMemberumbf:MarquetteMember2024-03-310000101382srt:MoodysA2RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2023-12-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-12-310000101382umbf:MarquetteCapitalTrustIVMember2024-03-310000101382umbf:AssetBasedLoansMemberumbf:InMarginMemberumbf:SpecialityLendingPortfolioSegmentMember2024-03-310000101382us-gaap:CreditCardMemberumbf:CommercialBankingMember2024-01-012024-03-310000101382us-gaap:ConsumerPortfolioSegmentMemberumbf:FinancingReceivables30To89DaysPastDueMember2023-12-310000101382us-gaap:TreasuryStockCommonMember2023-12-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2024-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-01-012023-03-310000101382us-gaap:AvailableforsaleSecuritiesMember2024-01-012024-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore740To759Memberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382us-gaap:USTreasurySecuritiesMemberus-gaap:MaturityUpTo30DaysMember2024-03-310000101382us-gaap:RetainedEarningsMember2023-01-012023-03-310000101382umbf:MarquetteCapitalTrustIIIMember2023-12-310000101382us-gaap:FairValueInputsLevel2Member2023-12-310000101382us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2024-01-012024-03-3100001013822023-12-310000101382us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2023-12-310000101382us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-03-310000101382us-gaap:ConsumerPortfolioSegmentMemberumbf:ConsumerOtherMember2024-03-310000101382us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2024-03-310000101382umbf:SpecialityLendingPortfolioSegmentMember2024-03-310000101382umbf:CommercialRealEstateNonOwnerOccupiedMemberumbf:WatchPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:AssetBasedLoansMemberumbf:SpecialityLendingPortfolioSegmentMember2023-12-310000101382us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMember2023-12-310000101382us-gaap:TreasuryStockCommonMember2023-03-310000101382us-gaap:CreditCardMember2024-01-012024-03-310000101382umbf:CreditScore600To619Memberumbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMemberumbf:RealEstateJuniorLienOneToFourFamilyMember2023-12-310000101382us-gaap:FinancialAssetPastDueMemberumbf:CommercialCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:FinancingReceivables30To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:SpecialityLendingPortfolioSegmentMember2022-12-310000101382umbf:USStatesAndPoliticalSubdivisionsUtilitiesMembersrt:MoodysA1RatingMember2024-03-310000101382umbf:CommercialBankingMember2022-12-310000101382us-gaap:MaturityOver90DaysMember2023-12-310000101382umbf:OtherFinancingReceivableMemberumbf:LeasesAndOtherPortfolioSegmentMemberumbf:WatchPassMember2024-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:FinancingReceivables30To89DaysPastDueMember2024-03-310000101382umbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-01-012023-12-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:CollateralPledgedMember2023-12-310000101382us-gaap:DoubtfulMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore640To659Memberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:BankcardFeesMember2023-01-012023-03-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMember2024-01-012024-03-310000101382us-gaap:TreasuryStockCommonMember2024-03-310000101382us-gaap:DepositAccountMemberumbf:CommercialBankingMember2023-01-012023-03-310000101382us-gaap:FinancialAssetNotPastDueMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382umbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:AgricultureLoansMemberumbf:WatchPassMember2024-03-310000101382us-gaap:NondesignatedMember2023-12-310000101382us-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:InstitutionalBankingMember2023-12-310000101382umbf:PersonalBankingMember2024-01-012024-03-310000101382umbf:EquitySecuritiesWithoutReadilyDeterminableFairValuesMember2023-12-310000101382umbf:PersonalBankingMemberumbf:InsuranceFeesAndCommissionsMember2024-01-012024-03-310000101382us-gaap:SubstandardMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:FinancialAssetNotPastDueMemberumbf:CommercialCreditCardMemberumbf:CreditCardsPortfolioSegmentMember2024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysB2RatingMember2024-03-310000101382umbf:AssetBasedLoansMemberumbf:SpecialityLendingPortfolioSegmentMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMemberumbf:RealEstateHelocMember2024-03-310000101382umbf:FederalReserveBankTermFundingProgramMember2024-03-310000101382umbf:USStatesAndPoliticalSubdivisionsUtilitiesMembersrt:MoodysA1RatingMember2023-12-310000101382us-gaap:CommonStockMember2023-03-310000101382umbf:USStatesAndPoliticalSubdivisionsCompetitiveMembersrt:MoodysA2RatingMember2024-03-310000101382srt:MoodysA3RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2023-12-310000101382us-gaap:USTreasurySecuritiesMember2023-12-310000101382umbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberumbf:WatchPassMember2024-03-310000101382us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310000101382us-gaap:ConsumerPortfolioSegmentMember2022-12-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysB3RatingMember2024-03-310000101382us-gaap:ConsumerPortfolioSegmentMember2024-03-310000101382us-gaap:CreditCardMemberumbf:CommercialBankingMember2023-01-012023-03-310000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherTradingMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberumbf:WatchPassMember2023-12-310000101382us-gaap:Maturity30To90DaysMember2023-12-310000101382umbf:BrokerageFeesMember2023-01-012023-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-12-310000101382umbf:MarquetteCapitalTrustIVMember2023-12-310000101382umbf:LoansPortfolioSegmentMember2023-12-310000101382srt:MoodysB3RatingMemberumbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2023-12-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysA2RatingMember2024-03-310000101382umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382umbf:InstitutionalBankingMember2023-01-012023-03-310000101382us-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:CustomerRelationshipsMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateJuniorLienOneToFourFamilyMemberus-gaap:CollateralPledgedMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMember2024-01-012024-03-310000101382umbf:RealEstateFirstLienOneToFourFamilyMemberumbf:ConsumerRealEstatePortfolioSegmentMemberus-gaap:CollateralPledgedMember2023-12-310000101382umbf:OtherFinancingReceivableMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382umbf:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateFivePlusMultiFamilyMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310000101382umbf:NonWatchListPassMemberumbf:CommercialRealEstateGeneralConstructionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382umbf:InvestmentSecuritiesGainsLossesNetMember2023-01-012023-03-310000101382umbf:BofaSecuritiesIncMemberus-gaap:SubsequentEventMember2024-04-292024-04-290000101382us-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:RealEstateJuniorLienOneToFourFamilyMember2023-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMemberumbf:CollateralDependentAssetsMember2023-12-310000101382umbf:USStatesAndPoliticalSubdivisionsUtilitiesMember2024-03-310000101382umbf:CommercialRealEstateFarmlandMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysA3RatingMember2023-12-310000101382umbf:OtherFinancingLeasesMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382us-gaap:DepositAccountMember2023-01-012023-03-310000101382us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2024-01-012024-03-310000101382us-gaap:FinancialAssetPastDueMemberumbf:LeasesAndOtherPortfolioSegmentMember2023-12-310000101382us-gaap:CollateralPledgedMemberumbf:CommercialRealEstateOwnerOccupiedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000101382us-gaap:FairValueMeasurementsNonrecurringMember2024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310000101382us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:MoodysB1RatingMember2024-03-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore660To679Memberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:CommercialRealEstateOneToFourMultiFamilyConstructionMemberumbf:NonWatchListPassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000101382umbf:RevolverAccountsMemberumbf:ConsumerCreditCardMemberumbf:CreditScore620To639Memberumbf:CreditCardsPortfolioSegmentMember2023-12-310000101382umbf:ConsumerRealEstatePortfolioSegmentMemberumbf:FinancingReceivables30To89DaysPastDueMember2023-12-310000101382us-gaap:FairValueMeasurementsRecurringMember2023-12-310000101382us-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310000101382us-gaap:CorporateDebtSecuritiesMember2023-12-310000101382umbf:EquipmentAccountsReceivableInventoryMemberumbf:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-03-310000101382us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000101382us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-31umbf:Derivativexbrli:purexbrli:sharesumbf:Securityiso4217:USDxbrli:sharesiso4217:USDumbf:Loanumbf:Segment

 

 

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, 2024

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 CORPORATION

(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

 

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 May 2, 2024, UMB Financial Corporation had 48,744,365 shares of common stock outstanding.

 


 

 

UMB FINANCIAL 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

55

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

74

ITEM 4.

CONTROLS AND PROCEDURES

79

 

 

 

PART II - OTHER INFORMATION

80

 

 

 

ITEM 1.

LEGAL PROCEEDINGS

80

ITEM 1A.

RISK FACTORS

80

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

84

ITEM 6.

EXHIBITS

86

SIGNATURES

87

 

 

 

2


 

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

UMB FINANCIAL CORPORATION

CONSOLIDATED BALANCE SHEETS

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

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(unaudited)

 

 

(audited)

 

ASSETS

 

 

 

 

 

 

Loans

 

$

23,637,649

 

 

$

23,172,484

 

Allowance for credit losses on loans

 

 

(226,159

)

 

 

(219,738

)

Net loans

 

 

23,411,490

 

 

 

22,952,746

 

Loans held for sale

 

 

4,415

 

 

 

4,420

 

Securities:

 

 

 

 

 

 

Available for sale (amortized cost of $7,207,331 and $7,692,860, respectively)

 

 

6,541,391

 

 

 

7,068,613

 

Held to maturity, net of allowance for credit losses of $3,820 and $3,258, respectively (fair value of $5,025,138 and $5,183,367, respectively)

 

 

5,622,617

 

 

 

5,688,610

 

Trading securities

 

 

40,187

 

 

 

18,093

 

Other securities

 

 

473,434

 

 

 

492,935

 

Total securities

 

 

12,677,629

 

 

 

13,268,251

 

Federal funds sold and securities purchased under agreements to resell

 

 

180,275

 

 

 

245,344

 

Interest-bearing due from banks

 

 

6,673,104

 

 

 

5,159,802

 

Cash and due from banks

 

 

356,963

 

 

 

447,201

 

Premises and equipment, net

 

 

231,918

 

 

 

241,700

 

Accrued income

 

 

221,447

 

 

 

220,306

 

Goodwill

 

 

207,385

 

 

 

207,385

 

Other intangibles, net

 

 

69,052

 

 

 

71,012

 

Other assets

 

 

1,309,697

 

 

 

1,193,507

 

Total assets

 

$

45,343,375

 

 

$

44,011,674

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

Noninterest-bearing demand

 

$

13,251,090

 

 

$

12,130,662

 

Interest-bearing demand and savings

 

 

21,018,911

 

 

 

20,588,606

 

Time deposits under $250,000

 

 

2,044,280

 

 

 

2,292,899

 

Time deposits of $250,000 or more

 

 

599,329

 

 

 

780,692

 

Total deposits

 

 

36,913,610

 

 

 

35,792,859

 

Federal funds purchased and repurchase agreements

 

 

2,225,474

 

 

 

2,119,644

 

Short-term debt

 

 

1,800,000

 

 

 

1,800,000

 

Long-term debt

 

 

383,742

 

 

 

383,247

 

Accrued expenses and taxes

 

 

374,888

 

 

 

389,860

 

Other liabilities

 

 

492,845

 

 

 

425,645

 

Total liabilities

 

 

42,190,559

 

 

 

40,911,255

 

 

 

 

 

 

 

 

SHAREHOLDERS' EQUITY

 

 

 

 

 

 

Common stock, $1.00 par value; 80,000,000 shares authorized; 55,056,730 shares issued, 48,743,348 and 48,554,127 shares outstanding, respectively

 

 

55,057

 

 

 

55,057

 

Capital surplus

 

 

1,127,806

 

 

 

1,134,363

 

Retained earnings

 

 

2,903,106

 

 

 

2,810,824

 

Accumulated other comprehensive loss, net

 

 

(594,538

)

 

 

(556,935

)

Treasury stock, 6,313,382 and 6,502,603 shares, at cost, respectively

 

 

(338,615

)

 

 

(342,890

)

Total shareholders' equity

 

 

3,152,816

 

 

 

3,100,419

 

Total liabilities and shareholders' equity

 

$

45,343,375

 

 

$

44,011,674

 

 

See Notes to Consolidated Financial Statements.

3


 

UMB FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

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

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

INTEREST INCOME

 

 

 

 

 

 

Loans

 

$

385,566

 

 

$

308,441

 

Securities:

 

 

 

 

 

 

Taxable interest

 

 

61,111

 

 

 

53,049

 

Tax-exempt interest

 

 

25,333

 

 

 

25,306

 

Total securities income

 

 

86,444

 

 

 

78,355

 

Federal funds and resell agreements

 

 

3,062

 

 

 

5,651

 

Interest-bearing due from banks

 

 

44,688

 

 

 

16,166

 

Trading securities

 

 

305

 

 

 

134

 

Total interest income

 

 

520,065

 

 

 

408,747

 

INTEREST EXPENSE

 

 

 

 

 

 

Deposits

 

 

223,875

 

 

 

127,899

 

Federal funds and repurchase agreements

 

 

27,662

 

 

 

23,302

 

Other

 

 

29,094

 

 

 

15,850

 

Total interest expense

 

 

280,631

 

 

 

167,051

 

Net interest income

 

 

239,434

 

 

 

241,696

 

Provision for credit losses

 

 

10,000

 

 

 

23,250

 

Net interest income after provision for credit losses

 

 

229,434

 

 

 

218,446

 

NONINTEREST INCOME

 

 

 

 

 

 

Trust and securities processing

 

 

69,478

 

 

 

62,359

 

Trading and investment banking

 

 

5,462

 

 

 

5,308

 

Service charges on deposit accounts

 

 

20,757

 

 

 

21,159

 

Insurance fees and commissions

 

 

283

 

 

 

274

 

Brokerage fees

 

 

13,160

 

 

 

13,676

 

Bankcard fees

 

 

21,968

 

 

 

18,172

 

Investment securities gains (losses), net

 

 

9,371

 

 

 

(5,324

)

Other

 

 

18,765

 

 

 

14,576

 

Total noninterest income

 

 

159,244

 

 

 

130,200

 

NONINTEREST EXPENSE

 

 

 

 

 

 

Salaries and employee benefits

 

 

143,006

 

 

 

142,498

 

Occupancy, net

 

 

12,270

 

 

 

12,177

 

Equipment

 

 

16,503

 

 

 

17,849

 

Supplies and services

 

 

3,301

 

 

 

3,875

 

Marketing and business development

 

 

6,025

 

 

 

5,335

 

Processing fees

 

 

27,936

 

 

 

23,240

 

Legal and consulting

 

 

7,894

 

 

 

7,285

 

Bankcard

 

 

10,567

 

 

 

7,133

 

Amortization of other intangible assets

 

 

1,960

 

 

 

2,298

 

Regulatory fees

 

 

19,395

 

 

 

5,551

 

Other

 

 

5,947

 

 

 

9,811

 

Total noninterest expense

 

 

254,804

 

 

 

237,052

 

Income before income taxes

 

 

133,874

 

 

 

111,594

 

Income tax expense

 

 

23,616

 

 

 

19,157

 

NET INCOME

 

$

110,258

 

 

$

92,437

 

 

 

 

 

 

 

 

PER SHARE DATA

 

 

 

 

 

 

Net income – basic

 

$

2.27

 

 

$

1.91

 

Net income – diluted

 

 

2.25

 

 

 

1.90

 

Dividends

 

 

0.39

 

 

 

0.38

 

Weighted average shares outstanding – basic

 

 

48,663,515

 

 

 

48,435,016

 

Weighted average shares outstanding – diluted

 

 

48,920,863

 

 

 

48,746,562

 

See Notes to Consolidated Financial Statements.

4


 

UMB FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited, dollars in thousands)

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Net income

 

$

110,258

 

 

$

92,437

 

Other comprehensive (loss) income, before tax:

 

 

 

 

 

 

Unrealized gains and losses on debt securities:

 

 

 

 

 

 

Change in unrealized holding gains and losses, net

 

 

(41,553

)

 

 

93,657

 

Less: Reclassification adjustment for net (gains) losses included in net income

 

 

(139

)

 

 

433

 

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

 

 

8,789

 

 

 

9,983

 

Change in unrealized gains and losses on debt securities

 

 

(32,903

)

 

 

104,073

 

Unrealized gains and losses on derivative hedges:

 

 

 

 

 

 

Change in unrealized gains and losses on derivative hedges, net

 

 

(13,658

)

 

 

(1,527

)

Less: Reclassification adjustment for net gains included in net income

 

 

(3,660

)

 

 

(2,561

)

Change in unrealized gains and losses on derivative hedges

 

 

(17,318

)

 

 

(4,088

)

Other comprehensive (loss) income, before tax

 

 

(50,221

)

 

 

99,985

 

Income tax benefit (expense)

 

 

12,618

 

 

 

(24,026

)

Other comprehensive (loss) income

 

 

(37,603

)

 

 

75,959

 

Comprehensive income

 

$

72,655

 

 

$

168,396

 

See Notes to Consolidated Financial Statements.

5


 

UMB FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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

 

 

Common
Stock

 

 

Capital
Surplus

 

 

Retained
Earnings

 

 

Accumulated Other Comprehensive (Loss) Income

 

 

Treasury
Stock

 

 

Total

 

Balance – January 1, 2023

 

$

55,057

 

 

$

1,125,949

 

 

$

2,536,086

 

 

$

(702,735

)

 

$

(347,264

)

 

$

2,667,093

 

Total comprehensive income

 

 

 

 

 

 

 

 

92,437

 

 

 

75,959

 

 

 

 

 

 

168,396

 

Dividends ($0.38 per share)

 

 

 

 

 

 

 

 

(18,595

)

 

 

 

 

 

 

 

 

(18,595

)

Purchase of treasury stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7,902

)

 

 

(7,902

)

Issuances of equity awards, net of forfeitures

 

 

 

 

 

(9,764

)

 

 

 

 

 

 

 

 

10,483

 

 

 

719

 

Recognition of equity-based compensation

 

 

 

 

 

4,516

 

 

 

 

 

 

 

 

 

 

 

 

4,516

 

Sale of treasury stock

 

 

 

 

 

71

 

 

 

 

 

 

 

 

 

56

 

 

 

127

 

Exercise of stock options

 

 

 

 

 

105

 

 

 

 

 

 

 

 

 

200

 

 

 

305

 

Balance – March 31, 2023

 

$

55,057

 

 

$

1,120,877

 

 

$

2,609,928

 

 

$

(626,776

)

 

$

(344,427

)

 

$

2,814,659

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance – January 1, 2024

 

$

55,057

 

 

$

1,134,363

 

 

$

2,810,824

 

 

$

(556,935

)

 

$

(342,890

)

 

$

3,100,419

 

Total comprehensive income

 

 

 

 

 

 

 

 

110,258

 

 

 

(37,603

)

 

 

 

 

 

72,655

 

Dividends ($0.39 per share)

 

 

 

 

 

 

 

 

(17,976

)

 

 

 

 

 

 

 

 

(17,976

)

Purchase of treasury stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7,537

)

 

 

(7,537

)

Issuances of equity awards, net of forfeitures

 

 

 

 

 

(10,964

)

 

 

 

 

 

 

 

 

11,667

 

 

 

703

 

Recognition of equity-based compensation

 

 

 

 

 

4,271

 

 

 

 

 

 

 

 

 

 

 

 

4,271

 

Sale of treasury stock

 

 

 

 

 

70

 

 

 

 

 

 

 

 

 

60

 

 

 

130

 

Exercise of stock options

 

 

 

 

 

66

 

 

 

 

 

 

 

 

 

85

 

 

 

151

 

Balance – March 31, 2024

 

$

55,057

 

 

$

1,127,806

 

 

$

2,903,106

 

 

$

(594,538

)

 

$

(338,615

)

 

$

3,152,816

 

 

 

See Notes to Consolidated Financial Statements.

6


 

UMB FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, dollars in thousands)

 

 

For the Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

OPERATING ACTIVITIES

 

 

 

 

 

 

Net income

 

$

110,258

 

 

$

92,437

 

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

 

 

 

 

 

 

Provision for credit losses

 

 

10,000

 

 

 

23,250

 

Net amortization of premiums and discounts from acquisition

 

 

276

 

 

 

267

 

Depreciation and amortization

 

 

13,817

 

 

 

15,388

 

Amortization of debt issuance costs

 

 

219

 

 

 

218

 

Deferred income tax benefit

 

 

(3,037

)

 

 

(3,855

)

Net increase in trading securities and other earning assets

 

 

(22,094

)

 

 

(1,843

)

(Gains) losses on investment securities, net

 

 

(9,371

)

 

 

5,324

 

Gains on sales of assets

 

 

(1,846

)

 

 

(60

)

Amortization of securities premiums, net of discount accretion

 

 

6,425

 

 

 

10,662

 

Originations of loans held for sale

 

 

(17,979

)

 

 

(12,901

)

Gains on sales of loans held for sale, net

 

 

(415

)

 

 

(235

)

Proceeds from sales of loans held for sale

 

 

18,399

 

 

 

13,692

 

Equity-based compensation

 

 

4,974

 

 

 

5,235

 

Changes in:

 

 

 

 

 

 

Accrued income

 

 

289

 

 

 

7,645

 

Accrued expenses and taxes

 

 

(14,972

)

 

 

(31,991

)

Other assets and liabilities, net

 

 

(38,799

)

 

 

(121,537

)

Net cash provided by operating activities

 

 

56,144

 

 

 

1,696

 

INVESTING ACTIVITIES

 

 

 

 

 

 

Securities held to maturity:

 

 

 

 

 

 

Maturities, calls and principal repayments

 

 

95,031

 

 

 

86,856

 

Purchases

 

 

(23,686

)

 

 

(80,097

)

Securities available for sale:

 

 

 

 

 

 

Sales

 

 

19,153

 

 

 

68

 

Maturities, calls and principal repayments

 

 

3,104,013

 

 

 

188,018

 

Purchases

 

 

(2,630,486

)

 

 

(2,288

)

Equity securities with readily determinable fair values:

 

 

 

 

 

 

Purchases

 

 

(87

)

 

 

(57

)

Equity securities without readily determinable fair values:

 

 

 

 

 

 

Sales

 

 

28,623

 

 

 

4,590

 

Maturities, calls and principal repayments

 

 

1

 

 

 

100,846

 

Purchases

 

 

(5,012

)

 

 

(176,501

)

Payment of low-income housing tax credit (LIHTC) investment commitments

 

 

(15,765

)

 

 

(9,507

)

Net increase in loans

 

 

(359,617

)

 

 

(786,426

)

Net decrease in fed funds sold and resell agreements

 

 

65,069

 

 

 

590,439

 

Net cash activity from acquisitions and divestitures

 

 

(110,789

)

 

 

 

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

 

 

(8,214

)

 

 

51,646

 

Purchases of premises and equipment

 

 

(2,376

)

 

 

(9,428

)

Proceeds from sales of premises and equipment

 

 

2,535

 

 

 

65

 

Net cash provided by (used in) investing activities

 

 

158,393

 

 

 

(41,776

)

 

7


 

 

FINANCING ACTIVITIES

 

 

 

 

 

 

Net increase (decrease) in demand and savings deposits

 

 

1,550,733

 

 

 

(2,472,589

)

Net (decrease) increase in time deposits

 

 

(429,982

)

 

 

1,765,360

 

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

 

 

105,830

 

 

 

(61,359

)

Proceeds from short-term debt