Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 215

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 215
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 net charge-offs of commercial loans were $8.7 million, primarily related to a single healthcare borrower and a single general business borrower in the manufacturing sector. Net commercial real estate loan charge-offs were $1.2 million primarily related to a single office loan. Net loan charge-offs of loans to individuals were $3.0 million. Net charge-offs of loans to individuals include deposit account overdraft losses.

63

Nonperforming Assets

As more fully described in Note 1 to the Consolidated Financial Statements, loans are generally classified as nonaccruing when it becomes probable that we will not collect the full contractual principal and interest. Real estate and other repossessed assets are assets acquired in partial or total forgiveness of loans. The assets are carried at the lower of cost, as determined by fair value at the date of foreclosure, or current fair value, less estimated selling costs. A summary of nonperforming assets follows in Table 27:

Table 27 - Nonperforming Assets 

(Dollars in thousands)

December 31,20242023Nonaccruing loans:  CommercialHealthcare$13,717 $81,529 Services767 3,616 Energy49 17,843 General business114 7,143 Total commercial14,647 110,131 Commercial real estate9,905 7,320 Loans to individualsResidential mortgage15,261 18,056 Residential mortgage guaranteed by U.S. government agencies6,803 9,709 Personal109 253 Total loans to individuals22,173 28,018 Total nonaccruing loans46,725 145,469 Real estate and other repossessed assets2,254 2,875 Total nonperforming assets$48,979 $148,344 Total nonperforming assets excluding those guaranteed by U.S. government agencies$42,176 $138,635 Allowance for loan losses to nonaccruing loans1701.46 %204.13 %Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to nonaccruing loans1830.81 %240.20 %Nonperforming assets to outstanding loans and repossessed assets0.20 %0.62 %Nonperforming assets to outstanding loans and repossessed assets10.18 %0.58 %Nonaccruing loans to outstanding loans0.19