Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 102

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 102
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itization transactions, including related unfunded loan commitments. The fair value of mortgage loans that are unable to be sold to U.S. government agencies is determined using quoted prices of loans that are sold in securitization transactions with a liquidity discount applied.

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Fair Value of Assets and Liabilities Measured on a Non-Recurring BasisAssets measured at fair value on a non-recurring basis include collateral for certain nonaccruing loans and real property and other assets acquired to satisfy loans, which are based primarily on comparisons to completed sales of similar assets. The following represents the carrying value of assets measured at fair value on a non-recurring basis and related losses recorded during the year. The carrying value represents only those assets at the balance sheet date for which the fair value was adjusted during the year: Carrying Value at December 31, 2024Fair Value Adjustments for the Year Ended December 31, 2024 Recognized In: Quoted Pricesin Active Markets for Identical InstrumentsSignificantOtherObservableInputsSignificantUnobservableInputsGross charge-offs against allowance for loan lossesOther gains (losses), netNonaccruing loans$— $683 $5,100 $6,788 $— Real estate and other repossessed assets— 1,961 — — (183)  Carrying Value at December 31, 2023Fair Value Adjustments for the Year Ended December 31, 2023 Recognized In: Quoted Pricesin Active Markets for Identical InstrumentsSignificantOtherObservableInputsSignificantUnobservableInputsGross charge-offs against allowance for loan lossesOther gains (losses), netNonaccruing loans$— $— $23,225 $3,159 $— Real estate and other repossessed assets— 2,116 — — (1,108)The fair value of collateral-dependent nonaccruing loans and real estate and other repossessed assets and the related fair value adjustments are generally based on unadjusted third-party appraisals. Our appraisal review policies require appraised values to be supported by observed inputs derived principally from or corroborated by observable market data. Appraisals that are not based on observable inputs or that require significant adjustments or fair value measurements that are not based on third-party appraisals are considered to be based on significant unobservable inputs. Non-recurring fair value measurements of collateral-dependent nonaccruing loans and real