Company: BOKF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000875357-25-000045
Chunk: 34

Company: BOK FINANCIAL CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 34
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1 billion, or 40% of total deposits, at June 30, 2025.

In addition to deposits, liquidity is provided primarily by federal funds purchased, securities repurchase agreements, and Federal Home Loan Banks borrowings. Federal funds purchased consist primarily of unsecured, overnight funds acquired from other financial institutions. Funds are primarily purchased from bankers' banks and Federal Home Loan Banks from across the country. The largest single source of wholesale federal funds purchased totaled $250 million at June 30, 2025. Securities repurchase agreements generally mature within 90 days and are secured by certain AFS and trading securities. Federal Home Loan Banks borrowings are generally short-term and are secured by a blanket pledge of eligible collateral (generally unencumbered U. S. Treasury and agency mortgage-backed securities, 1-4 family residential mortgage loans, multifamily, and other qualifying commercial real estate loans). Amounts borrowed from the Federal Home Loan Bank of Topeka averaged $6.0 billion during the quarter, compared to $4.6 billion in the first quarter of 2025.

At June 30, 2025, management estimates a total potential secured borrowing capacity of approximately $25.8 billion. This includes current available secured capacity of $21.2 billion from the use of programs available to U. S. banks from the Federal Home Loan Banks and Federal Reserve Banks and an estimated $4.7 billion of other sources that could be converted into additional secured capacity.

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A summary of other borrowings for BOK Financial on a consolidated basis follows in Table 21.

Table 21 - Borrowed Funds

(Dollars in thousands)

                                                                Rate                                                   Rate  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Funds purchased                   515,808        474,220      3.98        515,808        622,820        601,916      3.93  
  Repurchase agreements             166,243        307,819      2.76        234,634        229,055        333,800      1.46  
  Other borrowings:                                                                                                          
  FHLB advances                   4,100,000      5,979,123      4.47      4,100,000      3,100,000      4,587,502      4.55  
  GNMA repurchase liability          26,718