Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 71

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7A
Chunk 71
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 the impact of fluctuating market rates on net interest income within acceptable levels. In order to meet this objective, management may lengthen or shorten the duration of assets or liabilities. As of December 31, 2024, the model simulations projected that a 100 and 200 basis point increase would result in positive variance in net interest income of 4.32% and 8.77%, respectively, relative to the base case over the next 12 months. Conversely, the model simulation projected that a decrease in interest rates of 100 basis points would result in a negative variance in net interest income of 6.91% relative to the base case over the next twelve months.

The following table presents the Company’s financial instruments that are sensitive to changes in interest rates, their expected maturities and their estimated fair values at December 31, 2024. 

    Avg.

    Expected Maturity / Principal Repayments at December 31,

    Rate

    2025

    2026

    2027

    2028

    2029

    Thereafter

    Balance

    Fair Value

    (Dollars in thousands)

    Interest Sensitive Assets

    Loans held for investment

    6.96
    %
     
    $
    3,838,872

    $
    1,197,887

    $
    1,022,146

    $
    579,398

    $
    475,235

    $
    911,572

    $
    8,025,110

    $
    8,742,915

    Debt securities

    2.37

    335,884

    308,601

    328,107

    251,825

    249

    30,139

    1,254,805

    1,211,754

    Federal funds sold and   interest-bearing deposits

    5.27

    3,316,647

    —

    —

    —

    —

    —

    3,316,647

    3,316,647

    Interest Sensitive Liabilities

    Savings and interest-bearing  deposits

    3.58

    6,341,347

    —

    —

    —

    —

    —

    6,341,347

    6,357,925

    Time deposits

    4.54