Company: BOKF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000875357-25-000027
Chunk: 33

Company: BOK FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 33
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,839,131       2,156,518  
  Total                           $                       38,359,078      $                  37,819,114      36,760,297      35,653,223      35,025,891  

Average Commercial Banking deposits decreased $173 million compared to the fourth quarter of 2024, primarily due to a $179 million decrease in demand deposit balances. Interest-bearing transaction and time deposit balances were consistent with the prior quarter. Our Commercial deposit portfolio is highly diversified across industries and customers. The highest concentration by industry within our Commercial deposit portfolio is our energy customers representing 9% of our total deposits.

Average Consumer Banking deposit balances decreased $43 million compared to the prior quarter. Interest-bearing transaction account balances decreased $48 million and demand deposit balances decreased $26 million. Interest-bearing savings account balances were up $25 million over the prior quarter and certificate of deposits balances were largely unchanged.

Average Wealth Management deposits increased $719 million over the fourth quarter of 2024. Interest-bearing transaction account balances increased $836 million. Demand deposit balances decreased $68 million and time deposit balances decreased $51 million.

Average brokered deposits were 5% of total average deposits during the first quarter of 2025. Excluding the reciprocal component, brokered deposits represented 1% of total deposits. Reciprocal deposit balances in excess of the $5 billion general threshold defined by the FDIC are included as brokered deposits. Growth in brokered deposits during the quarter was primarily related to growth in reciprocal deposit balances. Average interest-bearing transaction accounts for the first quarter included $1.9 billion of brokered deposits, a $603 million increase over the fourth quarter of 2024. Average time deposits for the first quarter of 2025 included $16 million of brokered deposits, a $327 million decrease compared to the fourth quarter of 2024. Period end brokered interest-bearing transaction accounts decreased $558 million to $1.5 billion and brokered time deposits remained consistent at $16 million at March 31, 2025.

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The distribution of our period end deposit account balances among principal markets follows in Table 20.

Table 20 - Period End Deposits by Principal Market Area

(In thousands)

 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Oklahoma:                                                                                               
  Demand                       3,629,708       3,618,771       3,491,996       3,721,009