Company: BOKF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000875357-25-000045
Chunk: 32

Company: BOK FINANCIAL CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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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.

Table 19 - Average Deposits by Segment

(In thousands)

                                  Three Months Ended                                                                                                     
                                  June 30, 2025                           Mar. 31, 2025                                                                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Commercial Banking              $                       17,424,707      $                  17,769,083      17,941,793      17,131,237      16,189,003  
  Consumer Banking                                         8,266,824                          8,154,762       8,197,577       8,136,312       8,073,782  
  Wealth Management                                       10,783,245                         10,702,521       9,983,232       9,837,888       9,551,307  
  Subtotal                                                36,474,776                         36,626,366      36,122,602      35,105,437      33,814,092  
  Funds Management and other                               1,661,940                          1,732,712       1,696,512       1,654,860       1,839,131  
  Total                           $                       38,136,716      $                  38,359,078      37,819,114      36,760,297      35,653,223  

Average deposits for the second quarter of 2025 totaled $38.1 billion, a $222 million decrease compared to the first quarter of 2025. Demand deposit balances decreased $198 million and time deposit balances decreased $33 million compared to the prior quarter.

Average Commercial Banking deposits decreased $344 million compared to the first quarter of 2025, resulting from a $220 million decrease in demand