Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 100

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 100
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 securities5,105,137 — 5,105,137 — Municipal securities37,413 — 37,413 — Other trading securities39,996 — 39,996 — Total trading securities5,193,505 9,017 5,184,488 — Available for sale securities:    U.S. Treasury925 925 — — Municipal securities502,833 — 502,833 — Residential agency mortgage-backed securities6,834,720 — 6,834,720 — Residential non-agency mortgage-backed securities799,877 — 799,877 — Commercial agency mortgage-backed securities4,147,853 — 4,147,853 — Other debt securities473 — — 473 Total available for sale securities12,286,681 925 12,285,283 473 Fair value option securities — Residential agency mortgage-backed securities20,671 — 20,671 — Residential mortgage loans held for sale156,935 — 49,749 7,186 Mortgage servicing rights, net2293,884 — — 293,884 Derivative contracts, net of cash margin3410,304 — 410,304 — Liabilities: Derivative contracts, net of cash margin3587,473 2,607 584,866 — 1Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.74% of the unpaid principal balance. 2A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, "Mortgage Banking Activities".3See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes.

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Following is a description of the Company's valuation methodologies used for assets and liabilities measured on a recurring basis:SecuritiesThe fair values of trading, available for sale, and fair value option securities are based on quoted