Company: BOKF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000875357-25-000027
Chunk: 31

Company: BOK FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 31
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  Balance, December 31, 2024                                        $                        14,647      $                         22,173       46,725      $                                48,979  
  Additions                                                                                  30,349                                 5,233       38,855                                       38,855  
  Payments                                                          (844)                                                         (1,066)      (1,963)                                      (1,963)  
  Charge-offs                                                                               (1,085)                               (1,206)      (2,291)                                      (2,291)  
  Net gains (losses) and write-downs                                —                                    —                                                  (209)                                    
  Foreclosure of loans guaranteed by U. S. government agencies      —                                    (73)                                               (73)                                     
  Proceeds from sales                                               —                                    —                                                  (276)                                    
  Net transfers to nonaccruing loans                                —                                                               2,296        2,296                                        2,296  
  Return to accrual status                                          —                                    (29)                                               (29)                                     
  Balance, March 31, 2025                                           $                        43,067      $                         27,328       83,520      $                                85,289  

We foreclose on loans guaranteed by U. S. government agencies in accordance with agency guidelines. Generally, these loans are not eligible for modification programs or have failed to comply with modified loan terms. Principal is guaranteed by agencies of the U. S. government, subject to limitations, and credit risk is limited. At foreclosure, these amounts are transferred to claims receivable accounts. These properties will be conveyed to the agencies once applicable criteria have been met.

Real Estate and Other Repossessed Assets

Real estate and other repossessed assets totaled $1.8 million at March 31, 2025, a decrease of $485 thousand compared to December 31, 2024. Real estate and other repossessed assets were composed primarily of $1.6 million of developed commercial real estate.

Liquidity and Capital

Our funding sources, which primarily include deposits and borrowings from the Federal Home Loan Banks and other banks, provide adequate liquidity to meet our operating needs. Based on the average balances for the first quarter of 2025, approximately 75% of our funding was provided by deposit accounts, 11% from borrowed funds,