Company: BOKF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000875357-25-000057
Chunk: 28

Company: BOK FINANCIAL CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 2
Chunk 28
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 $49.90 per barrel of oil would increase the fair value of derivative assets by $7.1 million. An increase in prices to an equivalent of $74.84 per barrel of oil would increase the fair value of derivative assets by $455 million as asset values rise faster than margin paid. Liquidity requirements of this program may also be affected by our credit rating. At September 30, 2025, a decrease in our credit rating to below investment grade would increase our obligation to post cash margin on existing contracts by approximately $10 million.

The fair value of our to-be-announced residential mortgage-backed securities and interest rate swap derivative contracts is affected by changes in interest rates. Based on our assessment as of September 30, 2025, changes in interest rates would not materially impact regulatory capital or liquidity needed to support this portion of our customer derivative program.

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Summary of Credit Loss Experience

Table 16 - Summary of Credit Loss Experience

(Dollars in thousands)

                                                                                                                                                          Three Months Ended                                                                                                              
                                                                                                                                                          Sep. 30, 2025                           June 30, 2025      Mar. 31, 2025      Dec. 31, 2024      Sep. 30, 2024                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Allowance for loan losses:                                                                                                                                                                                                                                                              
  Beginning balance                                                                                                                                       $                          277,049      $                  $                  $                  $                     287,826  
  Loans charged off                                                                                                                                                                  (4,348)                                                                                     (2,496)  
  Recoveries of loans previously charged off                                                                                                              721                                     752                                   811                                        2,550  
  Net loans charged off                                                                                                                                                              (3,627)      (561)                                 (528)              54                             
  Provision for credit losses                                                                                                                                                          4,270      (984)              (336)                                                       (3,424)  
  Ending balance                                                                                                                                          $                          277,692      $                  $                  $                  $                     284,456  
  Accrual for off-balance sheet credit risk from unfunded loan commitments:                                                                                                                                                                                                               
  Beginning balance                                                                                                                                       $                           52,992      $                  $                  $                  $                      42,336  
  Provision for credit losses                                                                                                                                                        (2,208)      904                448