Company: BOKF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000875357-25-000027
Chunk: 35

Company: BOK FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 1.46        257,010        677,047        351,747      1.39  
  Other borrowings:                                                                                                                                      
  FHLB advances                                               3,100,000      4,587,502      4.55      3,100,000      3,000,000      4,459,784      4.94  
  GNMA repurchase liability                                      30,315         26,566      3.94         32,097         17,628         17,074      3.94  
  Other                                                          20,863         12,334      7.22         20,863         12,495         13,012      5.04  
  Total other borrowings                                      3,151,178      4,626,402      4.57                     3,030,123      4,489,870      4.95  
  Subordinated debentures 1                                     131,186        131,188      6.44        131,188        131,200        131,185      6.80  
  Total other borrowed funds and subordinated debentures      4,134,239      5,693,306      4.36                     4,454,179      5,697,455      4.77  

1 Parent Company only.

BOKF, NA also has a liability related to the repurchase of certain delinquent residential mortgage loans previously sold into GNMA mortgage pools. Interest is payable monthly at rates contractually due to investors if delinquent loans are not repurchased from the GNMA mortgage pools.

Parent Company

At March 31, 2025, cash and interest-bearing cash and cash equivalents held by the parent company totaled $349 million. The primary sources of liquidity for BOK Financial are cash on hand and dividends from BOKF, NA. Dividends from the bank are limited by various banking regulations to net profits, as defined, for the year plus retained profits for the two preceding years. Dividends are further restricted by minimum capital requirements. At March 31, 2025, based upon the most restrictive limitations as well as management's internal capital policy, BOKF, NA could declare up to $432 million of dividends. Dividend constraints may be alleviated through increases in retained earnings, capital issuances