Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 211

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 211
---
19 per barrel of oil would decrease the fair value of derivative assets by $44 million with lending customers comprising the bulk of the assets. An increase in prices up to the equivalent of $89.25 per barrel of oil would increase the fair value of derivative assets by $679 million. Liquidity requirements of this program are also affected by our credit rating. A decrease in our credit rating to below investment grade would increase our obligation to post cash margin on existing contracts by approximately $10 million. The fair value of our to-be-announced residential mortgage-backed securities and interest rate swap derivative contracts is affected by changes in interest rates. Based on our assessment as of December 31, 2024, changes in interest rates would not materially impact regulatory capital or liquidity needed to support this portion of our customer derivative program.

60

Summary of Credit Loss Experience

Table 26 – Summary of Credit Loss Experience 

(Dollars in thousands)

Year EndedDec. 31, 2024Dec. 31, 2023Allowance for loan losses:Beginning balance$277,123 $235,704 Loans charged off(18,835)(27,316)Recoveries of loans previously charged off5,956 9,217 Net loans charged off(12,879)(18,099)Provision for credit losses15,791 59,518 Ending balance$280,035 $277,123 Accrual for off-balance sheet credit risk from unfunded loan commitments:Beginning balance$48,977 60,919 Provision for credit losses2,663 (11,942)Ending balance$51,640 $48,977 Accrual for off-balance sheet credit risk associated with mortgage banking activities:Beginning balance$3,492 $4,904 Net loans charged off(3)(58)Provision for credit losses(341)(1,354)Ending balance$3,148 $3,492 Allowance for credit losses related to held-to-maturity (investment) securities:Beginning balance$336 $558 Provision for credit losses(113)(222)Ending balance$223 $336 Total provision for credit losses$18,000 $46,000 Average loans by portfolio segment:Commercial$15,061,959 $14,320,970 Commercial real estate5,069,162 5,163,569 Loans to individuals4,034,660 3,640,