Company: BOKF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000875357-25-000027
Chunk: 32

Company: BOK FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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 11% from equity, and less than 1% from long-term subordinated debt. The loan to deposit ratio was 62% at March 31, 2025, compared to 63% at December 31, 2024, providing significant on-balance sheet liquidity to meet future loan demand and contractual obligations.

Subsidiary Bank

Deposits and borrowed funds are the primary sources of liquidity for BOKF, NA, the wholly owned subsidiary bank of BOK Financial. We compete for retail and commercial deposits by offering a broad range of products and services and focusing on customer convenience. Retail deposit growth is supported through personal and small business checking, online bill paying services, mobile banking services, an extensive network of branch locations and ATMs, and our ExpressBank call center. Commercial deposit growth is supported by offering treasury management and lockbox services. We also acquire brokered deposits when the cost of funds is advantageous to other funding sources.

Average deposits for the first quarter of 2025 totaled $38.4 billion, a $540 million increase over the fourth quarter of 2024. Interest-bearing transaction account balances grew by $867 million. Demand deposit balances decreased $222 million and time deposit balances decreased $131 million compared to the prior quarter.

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Table 19 - Average Deposits by Segment

(In thousands)

                                  Three Months Ended                                                                                                     
                                  Mar. 31, 2025                           Dec. 31, 2024                                                                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Commercial Banking              $                       17,769,083      $                  17,941,793      17,131,237      16,189,003      15,730,241  
  Consumer Banking                                         8,154,762                          8,197,577       8,136,312       8,073,782       7,901,167  
  Wealth Management                                       10,702,521                          9,983,232       9,837,888       9,551,307       9,237,965  
  Subtotal                                                36,626,366                         36,122,602      35,105,437      33,814,092      32,869,373  
  Funds Management and other                               1,732,712                          1,696,512       1,654,860       1