UMB Financial Corp. in Kansas City, Mo., reported a 20.2% decline in fourth-quarter earnings from a year earlier, to $19 million, largely due to higher personnel costs tied to past acquisitions.

Noninterest expenses rose 15.6% from a year earlier, to $18.7 million, as legal and consulting fees also contributed to a more costly quarter. The loan-loss provision fell 36% from a year earlier, to $7.4 million.

Nonperforming loans rose slightly, to 0.55% of total loans, compared to 0.54% a year earlier.

Full-year earnings at the $12.4 billion-asset company rose 1.7% from 2009, to $91 million.

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