Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 54

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 54
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5,658 15,791 Loans charged off(11,763)(1,455)(5,617)(18,835)Recoveries of loans previously charged off3,070 290 2,596 5,956 Ending balance$145,153 $91,072 $43,810 $280,035 Allowance for off-balance sheet credit risk from unfunded loan commitments:    Beginning balance$19,762 $27,439 $1,776 $48,977 Provision for off-balance sheet credit risk(1,716)4,520 (141)2,663 Ending balance$18,046 $31,959 $1,635 $51,640 An $18.0 million provision for credit losses was recorded for the year ended December 31, 2024. Improvement in the forecasted economic outlook during the year was offset by the impact of loan growth and some risk grade migration. The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the year ended December 31, 2023 is summarized as follows (in thousands): CommercialCommercial Real EstateLoans toIndividualsTotalAllowance for loan losses:    Beginning balance$131,586 $57,648 $46,470 $235,704 Provision for loan losses19,308 42,151 (1,941)59,518 Loans charged off(12,898)(8,446)(5,972)(27,316)Recoveries of loans previously charged off3,236 3,365 2,616 9,217 Ending balance$141,232 $94,718 $41,173 $277,123 Allowance for off-balance sheet credit risk from unfunded loan commitments:    Beginning balance$18,246 $40,490 $2,183 $60,919 Provision for off-balance sheet credit risk1,516 (13,051)(407)(11,942)Ending balance$19,762 $27,439 $1,776 $48,977 

109

The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit is for the year ended December 31, 2022 summarized as