Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 208

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 208
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206 $10,636,441 $1,577,018 $76,471 Commercial real estate5,058,452 2,364,259 2,515,633 174,759 3,801 Loans to individuals4,026,136 621,842 1,105,633 417,643 1,881,018 Total$24,114,724 $5,726,307 $14,257,707 $2,169,420 $1,961,290 Interest rate sensitivity for selected loans with:Predetermined interest rates$6,765,847 $562,535 $2,740,009 $1,866,130 $1,597,173 Floating or adjustable interest rates17,348,877 5,163,772 11,517,698 303,290 364,117 Total$24,114,724 $5,726,307 $14,257,707 $2,169,420 $1,961,290 

Off-Balance Sheet Commitments

We enter into certain off-balance sheet arrangements in the normal course of business as shown in Table 24. Loan commitments may be unconditional obligations to provide financing or conditional obligations that depend on the borrower’s financial condition, collateral value or other factors. Standby letters of credit are unconditional commitments to guarantee the performance of our customer to a third party. Since some of these commitments are expected to expire before being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.

We have off-balance sheet commitments related to certain residential mortgage loans sold into mortgage-backed securities as part of our mortgage banking activities. We retain off-balance sheet credit risk related to losses in excess of amounts guaranteed by the VA. 

We also have off-balance sheet credit risk related to certain residential mortgage loans primarily originated under community development loan programs that were sold to a U.S. government agency with full recourse prior to 2007. We are obligated to repurchase these loans for the life of these loans in the event of foreclosure for the unpaid principal and interest at the time of foreclosure. The majority of our conforming fixed rate loan originations are sold in the secondary market, and we only retain repurchase obligations under standard underwriting representations and warranties.

Table 24 – Off-Balance Sheet Credit Commitments 

(In thousands)

 December 31, 20242023Loan commitments$