Company: BOKF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000875357-25-000027
Chunk: 9

Company: BOK FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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,963,707)  
  Net change in fair value                (1,150,464)                  2,757,611  
  Ending balance                $         113,956,563      $         105,530,903  

Assets under management as of March 31, 2025, consist of 43% fixed income, 34% equities, 15% cash, and 8% alternative investments.

Deposit Service Charges

Deposit service charges and fees totaled $30.3 million for the first quarter of 2025, consistent with the previous quarter.

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Mortgage Banking Revenue

Mortgage banking revenue increased $1.7 million over the fourth quarter of 2024, led by higher production as client demand begins to grow and inventory constraints start to ease. Mortgage production volume increased $8.9 million to $184 million. Production revenue as a percentage of production volume, which includes unrealized gains and losses on our mortgage commitment pipeline and related hedges, increased 70 basis points to 1.43%.

Table 5 - Mortgage Banking Revenue

(Dollars in thousands)

                                                                                   Three Months Ended                                                         Three Months Ended                      Increase (Decrease)  
                                                                                                                                                              Mar. 31, 2024                                                
                                                                                   Mar. 31, 2025                           Dec. 31, 2024                                                                                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Mortgage production revenue                                                      $                            2,629      $                       1,282      $                            3,525      $                    
  Mortgage loans funded for sale                                                   $                          159,816      $                     208,300      $                          139,176                           
  Add: Current period end outstanding commitments                                                              60,429                             36,590                                  67,951                           
  Less: Prior period end outstanding commitments                                                               36,590                             70,102                                  34,783                           
  Total mortgage production volume                                                 $                          183,655      $                     174,788      $                          172,344      $                    
  Mortgage loan refinances to mortgage loans funded for sale                       12                                      19                                 10                                      200                  
  Realized margin on funded mortgage loans                                         0.91                                    0.87                               1.46                                    (55)                 
  Production revenue as a percentage of production volume                          1.43                                    0