Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 189

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 189
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 balances of both cash and deposits.

 45 

ANALYSIS OF AVERAGE DEPOSITS 

The following table sets forth average deposits and rates paid by category: 

    Year Ended December 31,

    2024

    2023

    (Dollars in thousands)

    Average Balance

    Average Rate

    Average Balance

    Average Rate

    Average Balances

    Noninterest-bearing demand deposits
     
    $
    3,842,049

    N/A

    $
    4,343,646

    N/A

    Money market and interest-bearing checking deposits

    4,992,037

    3.62
    %

    4,361,001

    3.26
    %

    Savings deposits

    1,076,837

    3.36

    1,087,642

    2.72

    Time deposits

    1,219,253

    4.54

    797,179

    2.91

    Total deposits
     
    $
    11,130,176

    3.74
    %
     
    $
    10,589,468

    3.12
    %

MATURITY OF TIME DEPOSITS 

The following table shows the maturity of time deposits that are in excess of the Federal Deposit Insurance Corporation's insurance limit: 

    December 31, 2024

    (Dollars in thousands)

    Three months or less
     
    $
    138,908

    Over three months through six months

    91,740

    Over six months through twelve months

    83,552

    Over twelve months

    24,792

    Total
     
    $
    338,992

At December 31, 2024, 92.7% of the Company’s uninsured time deposits mature in one year or less. 

Short-Term Borrowings 

See Note (9) of the Notes to Consolidated Financial Statements for a discussion of short-term borrowings. 

Lines of Credit

See Note (10) of the Notes to Consolidated Financial Statements for a discussion of the Company’s lines of credit. 

Subordinated Debt

See Note (11) of the Notes to Consolidated Financial Statements for a complete discussion of the Company’s subordinated debt.

Capital Resources 

Stockholders’ equity totaled $1.6 billion at