Company: BOKF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000875357-25-000027
Chunk: 26

Company: BOK FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 26
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 would decrease the fair value of derivative assets by $261 million, with lending customers comprising the bulk of the assets. An increase in prices to an equivalent of $86.60 per barrel of oil would increase the fair value of derivative assets by $740 million as asset values rise faster than margin paid. Liquidity requirements of this program may also be affected by our credit rating. At March 31, 2025, a decrease in our credit rating to below investment grade would increase our obligation to post cash margin on existing contracts by approximately $10 million.

The fair value of our to-be-announced residential mortgage-backed securities and interest rate swap derivative contracts is affected by changes in interest rates. Based on our assessment as of March 31, 2025, changes in interest rates would not materially impact regulatory capital or liquidity needed to support this portion of our customer derivative program.

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Summary of Credit Loss Experience

Table 16 - Summary of Credit Loss Experience

(Dollars in thousands)

                                                                                                                                                          Three Months Ended                                                                                                           
                                                                                                                                                          Mar. 31, 2025           Dec. 31, 2024                      June 30, 2024                      Mar. 31, 2024                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Allowance for loan losses:                                                                                                                                                                                                                                                           
  Beginning balance                                                                                                                                       $                       $                     287,826      $                     281,623      $                     277,123  
  Loans charged off                                                                                                                                                                                     (2,496)                            (7,940)                            (7,060)  
  Recoveries of loans previously charged off                                                                                                                                      811                     2,550      995                                                        1,600  
  Net loans charged off                                                                                                                                                           (528)                                                    (6,945)                            (5,460)  
  Provision for credit losses                                                                                                                             (336)                                         (3,424)                             13,148                              9,960  
  Ending balance                                                                                                                                          $                       $                     284,456      $                     287,826      $                     281,623  
  Accrual for off-balance sheet credit risk from unfunded loan commitments:                                                                                                                                                                                                            
  Beginning balance                                                                                                                                       $                       $                      42,336      $                      47,319      $                      48,977  
  Provision for credit losses                                                                                                                             448