Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 48

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 48
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7,697 — 7,697 — 7,697 Total derivative contracts$27,348,813 $1,125,034 $(443,069)$681,965 $(271,661)$410,304 Liabilities Notional¹Gross Fair ValueNetting AdjustmentsNet Fair Value Before Cash CollateralCash CollateralFair Value Net of Cash CollateralCustomer risk management programs:   Interest rate contracts$2,754,476 $108,402 $(6,810)$101,592 $— $101,592 Energy contracts8,254,004 831,467 (399,148)432,319 (6,441)425,878 Foreign exchange contracts54,405 53,065 — 53,065 — 53,065 Equity option contracts3,316 54 — 54 — 54 Total customer risk management programs11,066,201 992,988 (405,958)587,030 (6,441)580,589 Trading20,644,156 224,648 (37,111)187,537 (181,917)5,620 Internal risk management programs2,244 1,264 — 1,264 — 1,264 Total derivative contracts$31,712,601 $1,218,900 $(443,069)$775,831 $(188,358)$587,473 1    Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.

105

The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the Consolidated Statements of Earnings (in thousands): Year Ended December 31,202420232022 Brokerageand Trading RevenueGain (Loss)on Derivatives, NetBrokerageand TradingRevenueGain (Loss)on Derivatives,NetBrokerageand TradingRevenueGain (Loss)on Derivatives,NetCustomer risk management programs:    Interest rate contracts$5,455 $— $5,531 $— $10,690 $— Energy contracts21,913 — 30,715 — 34,435 — Foreign exchange contracts370 — 276 — 591 — Total customer risk management programs27,738 — 36