Company: BOKF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000875357-25-000057
Chunk: 36

Company: BOK FINANCIAL CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 2
Chunk 36
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30, 2025. In addition to insured deposits, we also hold $4.7 billion of collateralized deposits. Municipalities, Native American tribal governments, and certain trust-related deposits are all required to be collateralized. Excluding the impact of collateralized deposits and deposits related to consolidated subsidiaries, our uninsured and uncollateralized deposit level is $15.3 billion, or 40% of total deposits, at September 30, 2025.

In addition to deposits, liquidity is provided primarily by federal funds purchased, securities repurchase agreements, and Federal Home Loan Banks borrowings. Federal funds purchased consist primarily of unsecured, overnight funds acquired from other financial institutions. Funds are primarily purchased from bankers' banks and Federal Home Loan Banks from across the country. The largest single source of wholesale federal funds purchased totaled $270 million at September 30, 2025. Securities repurchase agreements generally mature within 90 days and are secured by certain AFS and trading securities. Federal Home Loan Banks borrowings are generally short-term and are secured by a blanket pledge of eligible collateral (generally unencumbered U. S. Treasury and agency mortgage-backed securities, 1-4 family residential mortgage loans, multifamily, and other qualifying commercial real estate loans). Amounts borrowed from the Federal Home Loan Bank of Topeka averaged $5.0 billion during the quarter, compared to $6.0 billion in the second quarter of 2025.

At September 30, 2025, management estimates a total potential secured borrowing capacity of approximately $27.0 billion. This includes current available secured capacity of $22.5 billion from the use of programs available to U. S. banks from the Federal Home Loan Banks and Federal Reserve Banks and an estimated $4.6 billion of other sources that could be converted into additional secured capacity.

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A summary of other borrowings for BOK Financial on a consolidated basis follows in Table 21.

Table 21 - Borrowed Funds

(Dollars in thousands)

                                                                Rate                                    Rate                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Funds purchased                   794,721        647,729      3.69        515,808        474,220      3.98        515,808  
  Repurchase agreements             176,229        226,071      2.15        166,243        307,819      2.76