Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 98

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 98
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,773

        1,390

        Total

        155

        $
        6,324

        $
        97

        $
        1,436,062

        $
        66,004

        $
        1,442,386

        $
        66,101

       The Company has the ability and intent to hold the debt securities classified as held for investment until they mature, at which time the Company will receive full value for the debt securities. Furthermore, as of December 31, 2024 and 2023, the Company also had the ability and intent to hold the debt securities classified as available for sale for a period of time sufficient for a recovery of cost. The unrealized losses are due to increases in market interest rates over the yields available at the time the underlying debt securities were purchased. The fair value of those debt securities having unrealized losses is expected to recover as the securities approach their maturity date or repricing date, or if market yields for such investments decline. The Company has no intent or requirement to sell before the recovery of the unrealized loss; therefore, no impairment loss was realized in the Company’s consolidated statements of comprehensive income. 

 65 

(5) LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES ON LOANS Loans held for investment are summarized by portfolio segment as follows:  

        December 31,

        2024

        2023

        (Dollars in thousands)

        Real estate:

        Commercial real estate owner occupied
         
        $
        931,709

        $
        960,944

        Commercial real estate non-owner occupied

        1,578,483

        1,486,420

        Construction and development < 60 months

        756,662

        642,643

        Construction residential real estate < 60 months

        250,373

        283,486

        Residential real estate first lien

        1,431,265

        1,258,744

        Residential real estate all other

        275,461

        244,696

        Agriculture

        449,190

        427,139

        Commercial non-real estate

        1,363,462

        1,289,452

        Consumer non-real estate

        478,647

        476,467

        Oil and gas

        509,