Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 166

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 166
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 certain information related to the Company's consolidated average balance sheet, average yields on assets and average costs of liabilities. Such yields are derived by dividing income or expense by the average balance of the corresponding assets or liabilities. For these computations: (i) average balances are derived from daily averages, (ii) information is shown on a taxable-equivalent basis assuming a 21% tax rate, and (iii) nonaccrual loans are included in the average loan balances and any interest on such nonaccrual loans is recognized on a cash basis. Loan fees included in interest income were $20.8 million for the year ended December 31, 2024 compared to $21.9 million for the year ended December 31, 2023 and $24.1 million for the year ended December 31, 2022. 

    CONSOLIDATED AVERAGE BALANCE SHEETS AND INTEREST MARGIN ANALYSIS

    Taxable Equivalent Basis

    (Dollars in thousands)

    December 31, 2024

    December 31, 2023

    December 31, 2022

    Interest

    Average

    Interest

    Average

    Interest

    Average

    Average

    Income/

    Yield/

    Average

    Income/

    Yield/

    Average

    Income/

    Yield/

    Balance

    Expense

    Rate

    Balance

    Expense

    Rate

    Balance

    Expense

    Rate

    ASSETS

    Earning assets:

    Loans
     
    $
    7,958,463

    $
    555,426

    6.96
    %
     
    $
    7,292,871

    $
    467,951

    6.42
    %
     
    $
    6,611,617

    $
    336,739

    5.09
    %

    Securities – taxable

    1,448,103

    34,300

    2.36

    1,565,697

    36,838

    2.35

    1,295,762

    24,456

    1.89

    Securities – tax exempt

    2,415

    93

    3.85

    3,339

    91

    2.71

    3,877

    118