Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 111

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 111
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ars in thousands)

        Federal funds purchased
         
        $
        —

        $
        2,525

        Repurchase agreements

        —

        826

             Total short-term borrowings
         
        $
        —

        $
        3,351

        Weighted average interest rate

        4.69
        %

        4.84
        %

        End of period interest rate

        4.30
        %

        4.06
        %
       
       Federal funds purchased represent borrowings of overnight funds from other financial institutions. 

The Company enters into sales of securities to certain of its customers with simultaneous agreements to repurchase. These agreements represent an overnight borrowing of funds.   

(10) LINES OF CREDIT 

The Company has several lines of credit available. BancFirst has a line of credit from the FHLB of Topeka, Kansas to use for liquidity or to match-fund certain long-term fixed rate loans. BancFirst's assets, including residential first mortgages of $1.2 billion, are pledged as collateral for the borrowings under the line of credit. As of December 31, 2024, BancFirst had the ability to draw up to $877.1 million on the FHLB line of credit based on FHLB stock holdings of $659,400 with no advances outstanding. Pegasus has a Federal Reserve discount window capacity of $126.2 million. At December 31, 2024, Pegasus had no advances outstanding under this line of credit. Worthington has $10.5 million in lines of credit with other financial institutions that serve as overnight federal funds facilities, a Federal Reserve discount window capacity of $30.3 million, and a $85.6 million line of credit from the FHLB of Dallas, Texas to use for liquidity or to match-fund certain long-term fixed rate loans. Worthington had no advances outstanding as of December 31, 2024 under any of these lines of credit.  

(11) SUBORDINATED DEBT In January 2004, the Company established BFC Capital Trust II (“BFC II”), a trust formed under the Delaware Business Trust Act. The Company owns all of the common securities of BFC II. In February 2004, BFC II issued $25 million of aggregate liquidation amount of 7.20% Cumulative Trust Preferred Securities (the “Cumulative Trust Preferred Securities”) to other investors. In March