Company: BOKF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000875357-25-000045
Chunk: 35

Company: BOK FINANCIAL CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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         28,564      3.93         28,641         30,315         26,566      3.94  
  Other                              13,412         12,261      8.90         13,412         20,863         12,334      7.22  
  Total other borrowings          4,140,130      6,019,948      4.49                     3,151,178      4,626,402      4.57  
  Subordinated debentures 1                         99,846      6.38         99,736        131,186        131,188      6.44  
  Total other borrowed funds      4,822,181      6,901,833      4.41                     4,134,239      5,693,306      4.36  

1 Parent Company only.

BOKF, NA also has a liability related to the repurchase of certain delinquent residential mortgage loans previously sold into GNMA mortgage pools. Interest is payable monthly at rates contractually due to investors if delinquent loans are not repurchased from the GNMA mortgage pools.

Parent Company

At June 30, 2025, cash and interest-bearing cash and cash equivalents held by the parent company totaled $218 million. The primary sources of liquidity for BOK Financial are cash on hand and dividends from BOKF, NA. Dividends from the bank are limited by various banking regulations to net profits, as defined, for the year plus retained profits for the two preceding years. Dividends are further restricted by minimum capital requirements. At June 30, 2025, based upon the most restrictive limitations as well as management's internal capital policy, BOKF, NA could declare up to $472 million of dividends. Dividend constraints may be alleviated through increases in retained earnings, capital issuances, or changes in risk weighted assets. Future losses or increases in required regulatory capital at the bank could affect its ability to pay dividends to the parent company.

As a result of the acquisition of CoBiz Financial, we obtained $60 million of subordinated debt issued in June 2015 that was set to mature on June 25, 2030. We also acquired $72 million of junior subordinated debentures with maturity dates from

September 17, 2033 through September 30, 2035.