☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Oklahoma | 73-1373454 | ||||||||||
(State or other jurisdiction of Incorporation or Organization) | (IRS Employer Identification No.) | ||||||||||
Bank of Oklahoma Tower | |||||||||||
Boston Avenue at Second Street | |||||||||||
Tulsa, | Oklahoma | 74192 | |||||||||
(Address of Principal Executive Offices) | (Zip Code) |
Part I. Financial Information | |||||
Management’s Discussion and Analysis (Item 2) | |||||
Market Risk (Item 3) | |||||
Controls and Procedures (Item 4) | |||||
Consolidated Financial Statements – Unaudited (Item 1) | |||||
Quarterly Financial Summary – Unaudited (Item 2) | |||||
Quarterly Earnings Trend – Unaudited | |||||
Part II. Other Information | |||||
Item 1. Legal Proceedings | |||||
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | |||||
Item 6. Exhibits | |||||
Signatures |
Three Months Ended June 30, 2021 / 2020 | Six Months Ended June 30, 2021 / 2020 | Three Months Ended Mar. 31, 2022 / Dec. 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change Due To1 | Change Due To1 | Change Due To1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change | Volume | Yield/Rate | Change | Volume | Yield/Rate | Change | Volume | Yield/Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-equivalent interest revenue: | Tax-equivalent interest revenue: | Tax-equivalent interest revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | Interest-bearing cash and cash equivalents | $ | 46 | $ | 3 | $ | 43 | $ | (2,173) | $ | 21 | $ | (2,194) | Interest-bearing cash and cash equivalents | $ | (10) | $ | (66) | $ | 56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading securities | Trading securities | 25,229 | 31,144 | (5,915) | 49,343 | 63,648 | (14,305) | Trading securities | (3,496) | 758 | (4,254) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities | Investment securities | (439) | (552) | 113 | (884) | (1,059) | 175 | Investment securities | (186) | (205) | 19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities | Available for sale securities | (9,369) | 4,414 | (13,783) | (20,417) | 12,519 | (32,936) | Available for sale securities | 2,380 | 827 | 1,553 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value option securities | Fair value option securities | (3,708) | (4,363) | 655 | (14,920) | (13,985) | (935) | Fair value option securities | 189 | 173 | 16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted equity securities | Restricted equity securities | (129) | (498) | 369 | (4,664) | (3,348) | (1,316) | Restricted equity securities | 79 | 195 | (116) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | Residential mortgage loans held for sale | (571) | (452) | (119) | (314) | 114 | (428) | Residential mortgage loans held for sale | 152 | 130 | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans | Loans | (21,860) | (16,970) | (4,890) | (67,884) | (11,034) | (56,850) | Loans | (8,474) | 16 | (8,490) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total tax-equivalent interest revenue | Total tax-equivalent interest revenue | (10,801) | 12,726 | (23,527) | (61,913) | 46,876 | (108,789) | Total tax-equivalent interest revenue | (9,366) | 1,828 | (11,194) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense: | Interest expense: | Interest expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction deposits | Transaction deposits | (3,782) | 1,486 | (5,268) | (33,316) | 6,882 | (40,198) | Transaction deposits | 246 | (104) | 350 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings deposits | Savings deposits | 12 | 28 | (16) | (28) | 70 | (98) | Savings deposits | (23) | 2 | (25) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | (5,550) | (1,274) | (4,276) | (12,285) | (2,191) | (10,094) | Time deposits | (169) | (253) | 84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds purchased and repurchase agreements | Funds purchased and repurchase agreements | (1,320) | (1,508) | 188 | (10,810) | (4,465) | (6,345) | Funds purchased and repurchase agreements | (594) | (1,882) | 1,288 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other borrowings | Other borrowings | (1,870) | 89 | (1,959) | (25,543) | (6,366) | (19,177) | Other borrowings | (1) | 281 | (282) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | (186) | 7 | (193) | (472) | (2) | (470) | Subordinated debentures | (28) | (14) | (14) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest expense | Total interest expense | (12,696) | (1,172) | (11,524) | (82,454) | (6,072) | (76,382) | Total interest expense | (569) | (1,970) | 1,401 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-equivalent net interest revenue | Tax-equivalent net interest revenue | 1,895 | 13,898 | (12,003) | 20,541 | 52,948 | (32,407) | Tax-equivalent net interest revenue | (8,797) | 3,798 | (12,595) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in tax-equivalent adjustment | Change in tax-equivalent adjustment | (310) | (724) | Change in tax-equivalent adjustment | (131) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue | Net interest revenue | $ | 2,205 | $ | 21,265 | Net interest revenue | $ | (8,666) |
Three Months Ended Mar. 31, 2022 / 2021 | ||||||||||||||||||||||||||||||||||||||
Change Due To1 | ||||||||||||||||||||||||||||||||||||||
Change | Volume | Yield/Rate | ||||||||||||||||||||||||||||||||||||
Tax-equivalent interest revenue: | ||||||||||||||||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | $ | 299 | $ | 121 | $ | 178 | ||||||||||||||||||||||||||||||||
Trading securities | 5,072 | 12,244 | (7,172) | |||||||||||||||||||||||||||||||||||
Investment securities | (418) | (498) | 80 | |||||||||||||||||||||||||||||||||||
Available for sale securities | (662) | 1,625 | (2,287) | |||||||||||||||||||||||||||||||||||
Fair value option securities | (5) | (187) | 182 | |||||||||||||||||||||||||||||||||||
Restricted equity securities | (252) | (173) | (79) | |||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | 14 | (175) | 189 | |||||||||||||||||||||||||||||||||||
Loans | (19,516) | (20,356) | 840 | |||||||||||||||||||||||||||||||||||
Total tax-equivalent interest revenue | (15,468) | (7,399) | (8,069) | |||||||||||||||||||||||||||||||||||
Interest expense: | ||||||||||||||||||||||||||||||||||||||
Transaction deposits | (980) | 235 | (1,215) | |||||||||||||||||||||||||||||||||||
Savings deposits | (13) | 11 | (24) | |||||||||||||||||||||||||||||||||||
Time deposits | (1,259) | (630) | (629) | |||||||||||||||||||||||||||||||||||
Funds purchased and repurchase agreements | 3,350 | (1,170) | 4,520 | |||||||||||||||||||||||||||||||||||
Other borrowings | (2,184) | (2,129) | (55) | |||||||||||||||||||||||||||||||||||
Subordinated debentures | (2,045) | (1,594) | (451) | |||||||||||||||||||||||||||||||||||
Total interest expense | (3,131) | (5,277) | 2,146 | |||||||||||||||||||||||||||||||||||
Tax-equivalent net interest revenue | (12,337) | (2,122) | (10,215) | |||||||||||||||||||||||||||||||||||
Change in tax-equivalent adjustment | (328) | |||||||||||||||||||||||||||||||||||||
Net interest revenue | $ | (12,009) |
Three Months Ended June 30, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | Brokerage and trading revenue | $ | 29,408 | $ | 62,022 | $ | (32,614) | (53) | % | $ | 20,782 | $ | 8,626 | 42 | % | Brokerage and trading revenue | $ | (27,079) | $ | 14,869 | $ | (41,948) | (282) | % | $ | 20,782 | $ | (47,861) | (230) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction card revenue | Transaction card revenue | 24,923 | 22,940 | 1,983 | 9 | % | 22,430 | 2,493 | 11 | % | Transaction card revenue | 24,216 | 24,998 | (782) | (3) | % | 22,430 | 1,786 | 8 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | Fiduciary and asset management revenue | 44,832 | 41,257 | 3,575 | 9 | % | 41,322 | 3,510 | 8 | % | Fiduciary and asset management revenue | 46,399 | 46,872 | (473) | (1) | % | 41,322 | 5,077 | 12 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | Deposit service charges and fees | 25,861 | 22,046 | 3,815 | 17 | % | 24,209 | 1,652 | 7 | % | Deposit service charges and fees | 27,004 | 26,718 | 286 | 1 | % | 24,209 | 2,795 | 12 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking revenue | Mortgage banking revenue | 21,219 | 53,936 | (32,717) | (61) | % | 37,113 | (15,894) | (43) | % | Mortgage banking revenue | 16,650 | 21,278 | (4,628) | (22) | % | 37,113 | (20,463) | (55) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revenue | Other revenue | 23,172 | 11,479 | 11,693 | 102 | % | 16,296 | 6,876 | 42 | % | Other revenue | 10,445 | 11,586 | (1,141) | (10) | % | 16,296 | (5,851) | (36) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | Total fees and commissions revenue | 169,415 | 213,680 | (44,265) | (21) | % | 162,152 | 7,263 | 4 | % | Total fees and commissions revenue | 97,635 | 146,321 | (48,686) | (33) | % | 162,152 | (64,517) | (40) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other gains, net | 16,449 | 7,347 | 9,102 | N/A | 10,121 | 6,328 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on derivatives, net | 18,820 | 21,885 | (3,065) | N/A | (27,650) | 46,470 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on fair value option securities, net | (1,627) | (14,459) | 12,832 | N/A | (1,910) | 283 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other gains (losses), net | Other gains (losses), net | (1,644) | 6,081 | (7,725) | N/A | 10,121 | (11,765) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on derivatives, net | Loss on derivatives, net | (46,981) | (4,788) | (42,193) | N/A | (27,650) | (19,331) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on fair value option securities, net | Gain (loss) on fair value option securities, net | (11,201) | 1,418 | (12,619) | N/A | (1,910) | (9,291) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | Change in fair value of mortgage servicing rights | (13,041) | (761) | (12,280) | N/A | 33,874 | (46,915) | N/A | Change in fair value of mortgage servicing rights | 49,110 | 7,859 | 41,251 | N/A | 33,874 | 15,236 | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on available for sale securities, net | Gain on available for sale securities, net | 1,430 | 5,580 | (4,150) | N/A | 467 | 963 | N/A | Gain on available for sale securities, net | 937 | 552 | 385 | N/A | 467 | 470 | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other operating revenue | Total other operating revenue | $ | 191,446 | $ | 233,272 | $ | (41,826) | (18) | % | $ | 177,054 | $ | 14,392 | 8 | % | Total other operating revenue | $ | 87,856 | $ | 157,443 | $ | (69,587) | (44) | % | $ | 177,054 | $ | (89,198) | (50) | % |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | June 30, 2020 | March 31, 2021 | March 31, 2022 | December 31, 2021 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance | Revenue1 | Margin2 | Balance | Revenue1 | Margin2 | Balance | Revenue1 | Margin2 | Balance1 | Revenue2 | Margin3 | Balance1 | Revenue2 | Margin3 | Balance1 | Revenue2 | Margin3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Managed fiduciary assets: | Managed fiduciary assets: | Managed fiduciary assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personal | Personal | $ | 11,973,758 | $ | 28,634 | 0.96 | % | $ | 9,786,686 | $ | 24,131 | 0.99 | % | $ | 11,369,467 | $ | 23,608 | 0.83 | % | Personal | $ | 11,292,472 | $ | 28,331 | 1.00 | % | $ | 12,739,289 | $ | 29,633 | 0.93 | % | $ | 11,369,467 | $ | 23,608 | 0.83 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional | Institutional | 16,339,627 | 7,257 | 0.18 | % | 13,565,799 | 6,129 | 0.18 | % | 15,144,797 | 6,818 | 0.18 | % | Institutional | 18,592,153 | 9,995 | 0.22 | % | 17,477,280 | 7,536 | 0.17 | % | 15,144,797 | 6,818 | 0.18 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total managed fiduciary assets | Total managed fiduciary assets | 28,313,385 | 35,891 | 0.51 | % | 23,352,485 | 30,260 | 0.52 | % | 26,514,264 | 30,426 | 0.46 | % | Total managed fiduciary assets | 29,884,625 | 38,326 | 0.51 | % | 30,216,569 | 37,169 | 0.49 | % | 26,514,264 | 30,426 | 0.46 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-managed assets: | Non-managed assets: | Non-managed assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fiduciary | Fiduciary | 30,341,404 | 6,643 | 0.09 | % | 23,395,807 | 9,031 | 0.15 | % | 29,713,004 | 8,983 | 0.12 | % | Fiduciary | 31,210,695 | 5,107 | 0.07 | % | 34,320,264 | 6,647 | 0.08 | % | 29,713,004 | 9,286 | 0.13 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-fiduciary | Non-fiduciary | 19,480,250 | 2,298 | 0.05 | % | 16,643,422 | 1,966 | 0.05 | % | 18,421,279 | 1,913 | 0.04 | % | Non-fiduciary | 19,361,212 | 2,966 | 0.06 | % | 20,253,072 | 3,056 | 0.06 | % | 18,421,279 | 1,610 | 0.03 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Safekeeping and brokerage assets under administration | Safekeeping and brokerage assets under administration | 18,497,709 | — | — | % | 16,060,788 | — | — | % | 17,307,641 | — | — | % | Safekeeping and brokerage assets under administration | 20,624,823 | — | — | % | 20,127,816 | — | — | % | 17,307,641 | — | — | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total non-managed assets | Total non-managed assets | 68,319,363 | 8,941 | 0.05 | % | 56,100,017 | 10,997 | 0.08 | % | 65,441,924 | 10,896 | 0.07 | % | Total non-managed assets | 71,196,730 | 8,073 | 0.05 | % | 74,701,152 | 9,703 | 0.05 | % | 65,441,924 | 10,896 | 0.07 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets under management or administration | Total assets under management or administration | $ | 96,632,748 | $ | 44,832 | 0.19 | % | $ | 79,452,502 | $ | 41,257 | 0.21 | % | $ | 91,956,188 | $ | 41,322 | 0.18 | % | Total assets under management or administration | $ | 101,081,355 | $ | 46,399 | 0.18 | % | $ | 104,917,721 | $ | 46,872 | 0.18 | % | $ | 91,956,188 | $ | 41,322 | 0.18 | % |
Three Months Ended June 30, | Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 91,956,188 | $ | 75,783,829 | Beginning balance | $ | 104,917,721 | $ | 91,592,247 | ||||||||||||||||||||||||||||||||||||||||||
Net inflows (outflows) | Net inflows (outflows) | 1,191,390 | (1,219,567) | Net inflows (outflows) | (1,774,056) | (1,328,296) | ||||||||||||||||||||||||||||||||||||||||||||||
Net change in fair value | Net change in fair value | 3,485,170 | 4,888,240 | Net change in fair value | (2,062,310) | 1,692,237 | ||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 96,632,748 | $ | 79,452,502 | Ending balance | $ | 101,081,355 | $ | 91,956,188 |
Three Months Ended June 30, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage production revenue | Mortgage production revenue | $ | 10,004 | $ | 39,185 | $ | (29,181) | (74) | % | $ | 25,287 | $ | (15,283) | (60) | % | Mortgage production revenue | $ | 5,055 | $ | 10,018 | $ | (4,963) | (50) | % | $ | 25,287 | $ | (20,232) | (80) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage loans funded for sale | Mortgage loans funded for sale | $ | 754,893 | $ | 1,184,249 | $ | 843,053 | Mortgage loans funded for sale | $ | 418,866 | $ | 568,507 | $ | 843,053 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Add: Current period end outstanding commitments | Add: Current period end outstanding commitments | 276,154 | 546,304 | 387,465 | Add: Current period end outstanding commitments | 160,260 | 171,412 | 387,465 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less: Prior period end outstanding commitments | Less: Prior period end outstanding commitments | 387,465 | 657,570 | 380,637 | Less: Prior period end outstanding commitments | 171,412 | 239,066 | 380,637 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total mortgage production volume | Total mortgage production volume | $ | 643,582 | $ | 1,072,983 | $ | (429,401) | (40) | % | $ | 849,881 | $ | (206,299) | (24) | % | Total mortgage production volume | $ | 407,714 | $ | 500,853 | $ | (93,139) | (19) | % | $ | 849,881 | $ | (442,167) | (52) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage loan refinances to mortgage loans funded for sale | Mortgage loan refinances to mortgage loans funded for sale | 48 | % | 71 | % | (2,300) | bps | 65 | % | (1,700) | bps | Mortgage loan refinances to mortgage loans funded for sale | 45 | % | 51 | % | (600) | bps | 65 | % | (2,000) | bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized margin on funded mortgage loans | Realized margin on funded mortgage loans | 2.75 | % | 2.04 | % | 71 | bps | 3.10 | % | (35) | bps | Realized margin on funded mortgage loans | 1.64 | % | 2.34 | % | (70) | bps | 3.10 | % | (146) | bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on sale margin | 1.55 | % | 3.65 | % | (210) | bps | 2.98 | % | (143) | bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Production revenue as a percentage of production volume | Production revenue as a percentage of production volume | 1.24 | % | 2.00 | % | (76) | bps | 2.98 | % | (174) | bps | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Primary mortgage interest rates: | Primary mortgage interest rates: | Primary mortgage interest rates: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average | Average | 3.00 | % | 3.24 | % | (24) | bps | 2.88 | % | 12 | bps | Average | 3.82 | % | 3.08 | % | 74 | bps | 2.88 | % | 94 | bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period end | Period end | 3.02 | % | 3.13 | % | (11) | bps | 3.17 | % | (15) | bps | Period end | 4.67 | % | 3.11 | % | 156 | bps | 3.17 | % | 150 | bps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing revenue | Mortgage servicing revenue | $ | 11,215 | $ | 14,751 | $ | (3,536) | (24) | % | $ | 11,826 | $ | (611) | (5) | % | Mortgage servicing revenue | $ | 11,595 | $ | 11,260 | $ | 335 | 3 | % | $ | 11,826 | $ | (231) | (2) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average outstanding principal balance of mortgage loans serviced for others | Average outstanding principal balance of mortgage loans serviced for others | 15,065,173 | 19,319,872 | (4,254,699) | (22) | % | 15,723,231 | (658,058) | (4) | % | Average outstanding principal balance of mortgage loans serviced for others | 16,155,329 | 15,930,480 | 224,849 | 1 | % | 15,723,231 | 432,098 | 3 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average mortgage servicing revenue rates | Average mortgage servicing revenue rates | 0.30 | % | 0.31 | % | (1) | bp | 0.31 | % | (1) | bp | Average mortgage servicing revenue rates | 0.29 | % | 0.28 | % | 1 | bp | 0.31 | % | (2) | bp |
Three Months Ended | ||||||||||||||||||||
June 30, 2021 | Mar. 31, 2021 | June 30, 2020 | ||||||||||||||||||
Gain (loss) on mortgage hedge derivative contracts, net | $ | 18,764 | $ | (27,705) | $ | 21,815 | ||||||||||||||
Loss on fair value option securities, net | (1,627) | (1,910) | (14,459) | |||||||||||||||||
Gain (loss) on economic hedge of mortgage servicing rights, net | 17,137 | (29,615) | 7,356 | |||||||||||||||||
Gain (loss) on change in fair value of mortgage servicing rights | (13,041) | 33,874 | (761) | |||||||||||||||||
Gain on changes in fair value of mortgage servicing rights, net of economic hedges included in other operating revenue | 4,096 | 4,259 | 6,595 | |||||||||||||||||
Net interest revenue on fair value option securities1 | 341 | 393 | 2,702 | |||||||||||||||||
Total economic benefit of changes in the fair value of mortgage servicing rights, net of economic hedges | $ | 4,437 | $ | 4,652 | $ | 9,297 |
Three Months Ended | ||||||||||||||||||||
Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | ||||||||||||||||||
Loss on mortgage hedge derivative contracts, net | $ | (46,694) | $ | (4,862) | $ | (27,705) | ||||||||||||||
Gain (loss) on fair value option securities, net | (11,201) | 1,418 | (1,910) | |||||||||||||||||
Loss on economic hedge of mortgage servicing rights, net | (57,895) | (3,444) | (29,615) | |||||||||||||||||
Gain on change in fair value of mortgage servicing rights | 49,110 | 7,859 | 33,874 | |||||||||||||||||
Gain (loss) on changes in fair value of mortgage servicing rights, net of economic hedges included in other operating revenue | (8,785) | 4,415 | 4,259 | |||||||||||||||||
Net interest revenue on fair value option securities1 | 383 | 259 | 393 | |||||||||||||||||
Total economic benefit (cost) of changes in the fair value of mortgage servicing rights, net of economic hedges | $ | (8,402) | $ | 4,674 | $ | 4,652 |
Three Months Ended June 30, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regular compensation | Regular compensation | $ | 96,081 | $ | 99,267 | $ | (3,186) | (3) | % | $ | 97,211 | $ | (1,130) | (1) | % | Regular compensation | $ | 96,474 | $ | 95,708 | $ | 766 | 1 | % | $ | 97,211 | $ | (737) | (1) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Incentive compensation: | Incentive compensation: | Incentive compensation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash-based | Cash-based | 45,668 | 46,569 | (901) | (2) | % | 42,259 | 3,409 | 8 | % | Cash-based | 34,444 | 45,610 | (11,166) | (24) | % | 42,259 | (7,815) | (18) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based | Share-based | 251 | 3,455 | (3,204) | (93) | % | 4,570 | (4,319) | 95 | % | Share-based | 3,304 | 7,153 | (3,849) | (54) | % | 4,570 | (1,266) | 28 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred compensation | Deferred compensation | 3,906 | 5,932 | (2,026) | N/A | 2,263 | 1,643 | N/A | Deferred compensation | (2,124) | 2,071 | (4,195) | N/A | 2,263 | (4,387) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total incentive compensation | Total incentive compensation | 49,825 | 55,956 | (6,131) | (11) | % | 49,092 | 733 | 1 | % | Total incentive compensation | 35,624 | 54,834 | (19,210) | (35) | % | 49,092 | (13,468) | (27) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employee benefits | Employee benefits | 26,129 | 21,012 | 5,117 | 24 | % | 26,707 | (578) | (2) | % | Employee benefits | 27,130 | 23,932 | 3,198 | 13 | % | 26,707 | 423 | 2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total personnel expense | Total personnel expense | 172,035 | 176,235 | (4,200) | (2) | % | 173,010 | (975) | (1) | % | Total personnel expense | 159,228 | 174,474 | (15,246) | (9) | % | 173,010 | (13,782) | (8) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business promotion | Business promotion | 2,744 | 1,935 | 809 | 42 | % | 2,154 | 590 | 27 | % | Business promotion | 6,513 | 6,452 | 61 | 1 | % | 2,154 | 4,359 | 202 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charitable contributions to BOKF Foundation | Charitable contributions to BOKF Foundation | — | 3,000 | (3,000) | N/A | 4,000 | (4,000) | N/A | Charitable contributions to BOKF Foundation | — | 5,000 | (5,000) | N/A | 4,000 | (4,000) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Professional fees and services | Professional fees and services | 12,361 | 12,161 | 200 | 2 | % | 11,980 | 381 | 3 | % | Professional fees and services | 11,413 | 14,129 | (2,716) | (19) | % | 11,980 | (567) | (5) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net occupancy and equipment | Net occupancy and equipment | 26,633 | 30,675 | (4,042) | (13) | % | 26,662 | (29) | — | % | Net occupancy and equipment | 30,855 | 26,897 | 3,958 | 15 | % | 26,662 | 4,193 | 16 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance | Insurance | 3,660 | 5,156 | (1,496) | (29) | % | 4,620 | (960) | (21) | % | Insurance | 4,283 | 3,889 | 394 | 10 | % | 4,620 | (337) | (7) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Data processing and communications | Data processing and communications | 36,418 | 32,942 | 3,476 | 11 | % | 37,467 | (1,049) | (3) | % | Data processing and communications | 39,836 | 39,358 | 478 | 1 | % | 37,467 | 2,369 | 6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Printing, postage and supplies | Printing, postage and supplies | 4,285 | 3,502 | 783 | 22 | % | 3,440 | 845 | 25 | % | Printing, postage and supplies | 3,689 | 2,935 | 754 | 26 | % | 3,440 | 249 | 7 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of intangible assets | Amortization of intangible assets | 4,578 | 5,190 | (612) | (12) | % | 4,807 | (229) | (5) | % | Amortization of intangible assets | 3,964 | 4,438 | (474) | (11) | % | 4,807 | (843) | (18) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking costs | Mortgage banking costs | 11,126 | 15,598 | (4,472) | (29) | % | 13,943 | (2,817) | (20) | % | Mortgage banking costs | 7,877 | 8,667 | (790) | (9) | % | 13,943 | (6,066) | (44) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other expense | Other expense | 17,312 | 9,572 | 7,740 | 81 | % | 13,701 | 3,611 | 26 | % | Other expense | 9,960 | 13,256 | (3,296) | (25) | % | 13,701 | (3,741) | (27) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other operating expense | Total other operating expense | $ | 291,152 | $ | 295,966 | $ | (4,814) | (2) | % | $ | 295,784 | $ | (4,632) | (2) | % | Total other operating expense | $ | 277,618 | $ | 299,495 | $ | (21,877) | (7) | % | $ | 295,784 | $ | (18,166) | (6) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average number of employees (full-time equivalent) | Average number of employees (full-time equivalent) | 4,817 | 5,037 | (220) | (4) | % | 4,902 | (85) | (2) | % | Average number of employees (full-time equivalent) | 4,712 | 4,711 | 1 | — | % | 4,902 | (190) | (4) | % |
Three Months Ended June 30, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Banking | Commercial Banking | $ | 72,632 | $ | 80,992 | $ | (8,360) | (10) | % | $ | 69,673 | $ | 2,959 | 4 | % | Commercial Banking | $ | 82,344 | $ | 83,514 | $ | (1,170) | (1) | % | $ | 69,673 | $ | 12,671 | 18 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer Banking | Consumer Banking | 1,698 | 32,501 | (30,803) | (95) | % | 6,948 | (5,250) | (76) | % | Consumer Banking | (7,317) | 6,810 | (14,127) | (207) | % | 6,948 | (14,265) | (205) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wealth Management | Wealth Management | 31,061 | 33,394 | (2,333) | (7) | % | 19,382 | 11,679 | 60 | % | Wealth Management | (4,419) | 21,700 | (26,119) | (120) | % | 19,382 | (23,801) | (123) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subtotal | Subtotal | 105,391 | 146,887 | (41,496) | (28) | % | 96,003 | 9,388 | 10 | % | Subtotal | 70,608 | 112,024 | (41,416) | (37) | % | 96,003 | (25,395) | (26) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds Management and other | Funds Management and other | 61,030 | (82,194) | 143,224 | N/A | 50,057 | 10,973 | N/A | Funds Management and other | (8,120) | 5,294 | (13,414) | N/A | 50,057 | (58,177) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 166,421 | $ | 64,693 | $ | 101,728 | 157 | % | $ | 146,060 | $ | 20,361 | 14 | % | Total | $ | 62,488 | $ | 117,318 | $ | (54,830) | (47) | % | $ | 146,060 | $ | (83,572) | (57) | % |
Three Months Ended June 30, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue from external sources | Net interest revenue from external sources | $ | 151,942 | $ | 174,314 | $ | (22,372) | (13) | % | $ | 155,799 | $ | (3,857) | (2) | % | Net interest revenue from external sources | $ | 147,590 | $ | 148,948 | $ | (1,358) | (1) | % | $ | 155,799 | $ | (8,209) | (5) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest expense from internal sources | Net interest expense from internal sources | (21,041) | (29,205) | 8,164 | (28) | % | (25,794) | 4,753 | (18) | % | Net interest expense from internal sources | (10,579) | (8,225) | (2,354) | 29 | % | (25,794) | 15,215 | (59) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total net interest revenue | Total net interest revenue | 130,901 | 145,109 | (14,208) | (10) | % | 130,005 | 896 | 1 | % | Total net interest revenue | 137,011 | 140,723 | (3,712) | (3) | % | 130,005 | 7,006 | 5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans charged off | 16,268 | 13,762 | 2,506 | 18 | % | 13,985 | 2,283 | 16 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after net loans charged off | 114,633 | 131,347 | (16,714) | (13) | % | 116,020 | (1,387) | (1) | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans charged off (recovered) | Net loans charged off (recovered) | 5,343 | (1,933) | 7,276 | (376) | % | 13,985 | (8,642) | (62) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after net loans charged off (recovered) | Net interest revenue after net loans charged off (recovered) | 131,668 | 142,656 | (10,988) | (8) | % | 116,020 | 15,648 | 13 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and commissions revenue | Fees and commissions revenue | 63,368 | 46,515 | 16,853 | 36 | % | 49,847 | 13,521 | 27 | % | Fees and commissions revenue | 56,964 | 57,414 | (450) | (1) | % | 49,847 | 7,117 | 14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other gains (losses), net | Other gains (losses), net | 1,901 | 1,383 | 518 | N/A | (3,268) | 5,169 | N/A | Other gains (losses), net | 463 | 629 | (166) | N/A | (3,268) | 3,731 | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | 65,269 | 47,898 | 17,371 | 36 | % | 46,579 | 18,690 | 40 | % | Other operating revenue | 57,427 | 58,043 | (616) | (1) | % | 46,579 | 10,848 | 23 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personnel expense | Personnel expense | 39,848 | 39,873 | (25) | — | % | 39,252 | 596 | 2 | % | Personnel expense | 38,927 | 47,242 | (8,315) | (18) | % | 39,252 | (325) | (1) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-personnel expense | Non-personnel expense | 31,503 | 23,060 | 8,443 | 37 | % | 27,727 | 3,776 | 14 | % | Non-personnel expense | 26,187 | 27,217 | (1,030) | (4) | % | 27,727 | (1,540) | (6) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expense | Other operating expense | 71,351 | 62,933 | 8,418 | 13 | % | 66,979 | 4,372 | 7 | % | Other operating expense | 65,114 | 74,459 | (9,345) | (13) | % | 66,979 | (1,865) | (3) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net direct contribution | Net direct contribution | 108,551 | 116,312 | (7,761) | (7) | % | 95,620 | 12,931 | 14 | % | Net direct contribution | 123,981 | 126,240 | (2,259) | (2) | % | 95,620 | 28,361 | 30 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on financial instruments, net | 34 | 48 | (14) | N/A | 33 | 1 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on financial instruments, net | Gain (loss) on financial instruments, net | (204) | 43 | (247) | N/A | 33 | (237) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on repossessed assets, net | Gain on repossessed assets, net | 3,565 | 191 | 3,374 | N/A | 12,737 | (9,172) | N/A | Gain on repossessed assets, net | 1,793 | 646 | 1,147 | N/A | 12,737 | (10,944) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate expense allocations | Corporate expense allocations | 12,512 | 5,437 | 7,075 | 130 | % | 12,734 | (222) | (2) | % | Corporate expense allocations | 16,246 | 12,926 | 3,320 | 26 | % | 12,734 | 3,512 | 28 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income before taxes | Income before taxes | 99,638 | 111,114 | (11,476) | (10) | % | 95,656 | 3,982 | 4 | % | Income before taxes | 109,324 | 114,003 | (4,679) | (4) | % | 95,656 | 13,668 | 14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal and state income tax | Federal and state income tax | 27,006 | 30,122 | (3,116) | (10) | % | 25,983 | 1,023 | 4 | % | Federal and state income tax | 26,980 | 30,489 | (3,509) | (12) | % | 25,983 | 997 | 4 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | $ | 72,632 | $ | 80,992 | $ | (8,360) | (10) | % | $ | 69,673 | $ | 2,959 | 4 | % | Net income | $ | 82,344 | $ | 83,514 | $ | (1,170) | (1) | % | $ | 69,673 | $ | 12,671 | 18 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average assets | Average assets | $ | 28,160,594 | $ | 27,575,652 | $ | 584,942 | 2 | % | $ | 28,047,052 | $ | 113,542 | — | % | Average assets | $ | 29,823,905 | $ | 29,451,007 | $ | 372,898 | 1 | % | $ | 28,047,052 | $ | 1,776,853 | 6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average loans | Average loans | 16,981,888 | 19,262,827 | (2,280,939) | (12) | % | 17,522,520 | (540,632) | (3) | % | Average loans | 16,696,428 | 16,334,695 | 361,733 | 2 | % | 17,522,520 | (826,092) | (5) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average deposits | Average deposits | 17,049,772 | 14,599,225 | 2,450,547 | 17 | % | 16,130,168 | 919,604 | 6 | % | Average deposits | 19,595,260 | 19,537,285 | 57,975 | — | % | 16,130,168 | 3,465,092 | 21 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average invested capital | Average invested capital | 2,094,022 | 2,230,707 | (136,685) | (6) | % | 2,157,062 | (63,040) | (3) | % | Average invested capital | 2,020,925 | 2,021,214 | (289) | — | % | 2,157,062 | (136,137) | (6) | % |
Three Months Ended June 30, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue from external sources | Net interest revenue from external sources | $ | 17,552 | $ | 18,795 | $ | (1,243) | (7) | % | $ | 16,686 | $ | 866 | 5 | % | Net interest revenue from external sources | $ | 16,915 | $ | 16,650 | $ | 265 | 2 | % | $ | 16,686 | $ | 229 | 1 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue from internal sources | Net interest revenue from internal sources | 7,393 | 20,475 | (13,082) | (64) | % | 4,288 | 3,105 | 72 | % | Net interest revenue from internal sources | 10,292 | 13,735 | (3,443) | (25) | % | 4,288 | 6,004 | 140 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total net interest revenue | Total net interest revenue | 24,945 | 39,270 | (14,325) | (36) | % | 20,974 | 3,971 | 19 | % | Total net interest revenue | 27,207 | 30,385 | (3,178) | (10) | % | 20,974 | 6,233 | 30 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans charged off | Net loans charged off | 425 | 535 | (110) | (21) | % | 1,136 | (711) | (63) | % | Net loans charged off | 1,112 | 1,198 | (86) | (7) | % | 1,136 | (24) | (2) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after net loans charged off | Net interest revenue after net loans charged off | 24,520 | 38,735 | (14,215) | (37) | % | 19,838 | 4,682 | 24 | % | Net interest revenue after net loans charged off | 26,095 | 29,187 | (3,092) | (11) | % | 19,838 | 6,257 | 32 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and commissions revenue | Fees and commissions revenue | 37,714 | 67,192 | (29,478) | (44) | % | 52,300 | (14,586) | (28) | % | Fees and commissions revenue | 33,977 | 38,944 | (4,967) | (13) | % | 52,300 | (18,323) | (35) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other losses, net | Other losses, net | — | — | — | N/A | (18) | 18 | N/A | Other losses, net | (16) | — | (16) | N/A | (18) | 2 | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | 37,714 | 67,192 | (29,478) | (44) | % | 52,282 | (14,568) | (28) | % | Other operating revenue | 33,961 | 38,944 | (4,983) | (13) | % | 52,282 | (18,321) | (35) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personnel expense | Personnel expense | 21,108 | 23,306 | (2,198) | (9) | % | 21,908 | (800) | (4) | % | Personnel expense | 20,984 | 21,689 | (705) | (3) | % | 21,908 | (924) | (4) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-personnel expense | Non-personnel expense | 31,345 | 34,943 | (3,598) | (10) | % | 33,714 | (2,369) | (7) | % | Non-personnel expense | 27,805 | 30,347 | (2,542) | (8) | % | 33,714 | (5,909) | (18) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other operating expense | Total other operating expense | 52,453 | 58,249 | (5,796) | (10) | % | 55,622 | (3,169) | (6) | % | Total other operating expense | 48,789 | 52,036 | (3,247) | (6) | % | 55,622 | (6,833) | (12) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net direct contribution | Net direct contribution | 9,781 | 47,678 | (37,897) | (79) | % | 16,498 | (6,717) | (41) | % | Net direct contribution | 11,267 | 16,095 | (4,828) | (30) | % | 16,498 | (5,231) | (32) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on financial instruments, net | 17,137 | 7,356 | 9,781 | N/A | (29,616) | 46,753 | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on financial instruments, net | Loss on financial instruments, net | (57,895) | (3,444) | (54,451) | N/A | (29,616) | (28,279) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | Change in fair value of mortgage servicing rights | (13,041) | (761) | (12,280) | N/A | 33,874 | (46,915) | N/A | Change in fair value of mortgage servicing rights | 49,110 | 7,859 | 41,251 | N/A | 33,874 | 15,236 | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on repossessed assets, net | Gain on repossessed assets, net | — | 27 | (27) | N/A | 41 | (41) | N/A | Gain on repossessed assets, net | 45 | 44 | 1 | N/A | 41 | 4 | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate expense allocations | Corporate expense allocations | 11,599 | 10,692 | 907 | 8 | % | 11,475 | 124 | 1 | % | Corporate expense allocations | 12,080 | 11,420 | 660 | 6 | % | 11,475 | 605 | 5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income before taxes | 2,278 | 43,608 | (41,330) | (95) | % | 9,322 | (7,044) | (76) | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before taxes | Income (loss) before taxes | (9,553) | 9,134 | (18,687) | (205) | % | 9,322 | (18,875) | (202) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal and state income tax | Federal and state income tax | 580 | 11,107 | (10,527) | (95) | % | 2,374 | (1,794) | (76) | % | Federal and state income tax | (2,236) | 2,324 | (4,560) | (196) | % | 2,374 | (4,610) | (194) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | $ | 1,698 | $ | 32,501 | $ | (30,803) | (95) | % | $ | 6,948 | $ | (5,250) | (76) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | Net income (loss) | $ | (7,317) | $ | 6,810 | $ | (14,127) | (207) | % | $ | 6,948 | $ | (14,265) | (205) | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average assets | Average assets | $ | 10,087,488 | $ | 9,920,005 | $ | 167,483 | 2 | % | $ | 9,755,539 | $ | 331,949 | 3 | % | Average assets | $ | 10,273,890 | $ | 10,186,797 | $ | 87,093 | 1 | % | $ | 9,755,539 | $ | 518,351 | 5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average loans | Average loans | 1,786,242 | 1,679,164 | 107,078 | 6 | % | 1,823,732 | (37,490) | (2) | % | Average loans | 1,672,346 | 1,705,222 | (32,876) | (2) | % | 1,823,732 | (151,386) | (8) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average deposits | Average deposits | 8,469,043 | 7,587,246 | 881,797 | 12 | % | 8,082,443 | 386,600 | 5 | % | Average deposits | 8,746,622 | 8,682,437 | 64,185 | 1 | % | 8,082,443 | 664,179 | 8 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average invested capital | Average invested capital | 249,061 | 258,558 | (9,497) | (4) | % | 256,188 | (7,127) | (3) | % | Average invested capital | 255,758 | 249,446 | 6,312 | 3 | % | 256,188 | (430) | — | % |
Three Months Ended June 30, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | Three Months Ended | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Mar. 31, 2021 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue from external sources | Net interest revenue from external sources | $ | 52,966 | $ | 34,359 | $ | 18,607 | 54 | % | $ | 48,554 | $ | 4,412 | 9 | % | Net interest revenue from external sources | $ | 56,231 | $ | 57,239 | $ | (1,008) | (2) | % | $ | 48,554 | $ | 7,677 | 16 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue from internal sources | (673) | (7,479) | 6,806 | (91) | % | (200) | (473) | 237 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue (expense) from internal sources | Net interest revenue (expense) from internal sources | (465) | 990 | (1,455) | (147) | % | (200) | (265) | 133 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total net interest revenue | Total net interest revenue | 52,293 | 26,880 | 25,413 | 95 | % | 48,354 | 3,939 | 8 | % | Total net interest revenue | 55,766 | 58,229 | (2,463) | (4) | % | 48,354 | 7,412 | 15 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans charged off (recovered) | (54) | (89) | 35 | (39) | % | (29) | (25) | 86 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after net loans charged off (recovered) | 52,347 | 26,969 | 25,378 | 94 | % | 48,383 | 3,964 | 8 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans recovered | Net loans recovered | (71) | (71) | — | — | % | (29) | (42) | 145 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after net loans recovered | Net interest revenue after net loans recovered | 55,837 | 58,300 | (2,463) | (4) | % | 48,383 | 7,454 | 15 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and commissions revenue | Fees and commissions revenue | 78,841 | 106,757 | (27,916) | (26) | % | 65,684 | 13,157 | 20 | % | Fees and commissions revenue | 25,023 | 56,275 | (31,252) | (56) | % | 65,684 | (40,661) | (62) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other gains (losses), net | Other gains (losses), net | 308 | (83) | 391 | N/A | 439 | (131) | N/A | Other gains (losses), net | (5) | (472) | 467 | N/A | 439 | (444) | N/A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | 79,149 | 106,674 | (27,525) | (26) | % | 66,123 | 13,026 | 20 | % | Other operating revenue | 25,018 | 55,803 | (30,785) | (55) | % | 66,123 | (41,105) | (62) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personnel expense | Personnel expense | 58,721 | 61,909 | (3,188) | (5) | % | 57,414 | 1,307 | 2 | % | Personnel expense | 52,894 | 51,871 | 1,023 | 2 | % | 57,414 | (4,520) | (8) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-personnel expense | Non-personnel expense | 20,708 | 18,658 | 2,050 | 11 | % | 21,151 | (443) | (2) | % | Non-personnel expense | 21,601 | 23,076 | (1,475) | (6) | % | 21,151 | 450 | 2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expense | Other operating expense | 79,429 | 80,567 | (1,138) | (1) | % | 78,565 | 864 | 1 | % | Other operating expense | 74,495 | 74,947 | (452) | (1) | % | 78,565 | (4,070) | (5) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net direct contribution | Net direct contribution | 52,067 | 53,076 | (1,009) | (2) | % | 35,941 | 16,126 | 45 | % | Net direct contribution | 6,360 | 39,156 | (32,796) | (84) | % | 35,941 | (29,581) | (82) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate expense allocations | Corporate expense allocations | 10,343 | 8,204 | 2,139 | 26 | % | 9,887 | 456 | 5 | % | Corporate expense allocations | 12,062 | 9,971 | 2,091 | 21 | % | 9,887 | 2,175 | 22 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income before taxes | 41,724 | 44,872 | (3,148) | (7) | % | 26,054 | 15,670 | 60 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before taxes | Income (loss) before taxes | (5,702) | 29,185 | (34,887) | (120) | % | 26,054 | (31,756) | (122) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal and state income tax | Federal and state income tax | 10,663 | 11,478 | (815) | (7) | % | 6,672 | 3,991 | 60 | % | Federal and state income tax | (1,283) | 7,485 | (8,768) | (117) | % | 6,672 | (7,955) | (119) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | $ | 31,061 | $ | 33,394 | $ | (2,333) | (7) | % | $ | 19,382 | $ | 11,679 | 60 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | Net income (loss) | $ | (4,419) | $ | 21,700 | $ | (26,119) | (120) | % | $ | 19,382 | $ | (23,801) | (123) | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average assets | Average assets | $ | 19,201,041 | $ | 15,721,452 | $ | 3,479,589 | 22 | % | $ | 18,645,865 | $ | 555,176 | 3 | % | Average assets | $ | 21,323,795 | $ | 20,725,903 | $ | 597,892 | 3 | % | $ | 18,645,865 | $ | 2,677,930 | 14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average loans | Average loans | 1,968,513 | 1,709,363 | 259,150 | 15 | % | 1,917,973 | 50,540 | 3 | % | Average loans | 2,118,780 | 2,065,261 | 53,519 | 3 | % | 1,917,973 | 200,807 | 10 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average deposits | Average deposits | 9,695,319 | 8,385,681 | 1,309,638 | 16 | % | 9,706,295 | (10,976) | — | % | Average deposits | 9,619,323 | 9,194,019 | 425,304 | 5 | % | 9,706,295 | (86,972) | (1) | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average invested capital | Average invested capital | 312,148 | 295,245 | 16,903 | 6 | % | 313,355 | (1,207) | — | % | Average invested capital | 305,597 | 309,038 | (3,441) | (1) | % | 313,355 | (7,758) | (2) | % |
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Healthcare | Healthcare | $ | 3,441,732 | $ | 3,414,940 | $ | 3,347,641 | $ | 3,381,261 | $ | 3,290,758 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Services | Services | $ | 3,389,756 | $ | 3,421,948 | $ | 3,508,583 | $ | 3,545,825 | $ | 3,779,881 | Services | 3,351,495 | 3,367,193 | 3,323,422 | 3,389,756 | 3,421,948 | |||||||||||||||||||||||||||||||||||||||||||||||
Healthcare | 3,381,261 | 3,290,758 | 3,305,990 | 3,325,790 | 3,289,343 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | 3,011,331 | 3,202,488 | 3,469,194 | 3,717,101 | 3,974,174 | Energy | 3,197,667 | 3,006,884 | 2,814,059 | 3,011,331 | 3,202,488 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
General business | General business | 2,690,559 | 2,742,590 | 2,793,768 | 2,976,990 | 3,115,112 | General business | 2,892,295 | 2,717,448 | 2,690,018 | 2,690,559 | 2,742,590 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 12,472,907 | 12,657,784 | 13,077,535 | 13,565,706 | 14,158,510 | Total commercial | 12,883,189 | 12,506,465 | 12,175,140 | 12,472,907 | 12,657,784 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate: | Commercial real estate: | Commercial real estate: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Office | Office | 1,073,346 | 1,094,060 | 1,085,257 | 1,099,563 | 973,995 | Office | 1,097,516 | 1,040,963 | 1,030,755 | 1,073,346 | 1,094,060 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Industrial | Industrial | 911,928 | 766,125 | 890,316 | 824,577 | 789,437 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily | Multifamily | 964,824 | 1,227,915 | 1,328,045 | 1,387,461 | 1,407,107 | Multifamily | 867,288 | 786,404 | 875,586 | 964,824 | 1,227,915 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Industrial | 824,577 | 789,437 | 810,510 | 792,389 | 723,005 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail | Retail | 784,445 | 787,648 | 796,223 | 786,211 | 780,467 | Retail | 667,561 | 679,917 | 766,402 | 784,445 | 787,648 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction and land development | Residential construction and land development | 128,939 | 119,079 | 119,394 | 121,258 | 136,911 | Residential construction and land development | 120,506 | 120,016 | 118,416 | 128,939 | 119,079 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | Other commercial real estate | 470,861 | 485,208 | 559,109 | 506,818 | 532,659 | Other commercial real estate | 436,157 | 437,900 | 435,417 | 470,861 | 485,208 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial real estate | Total commercial real estate | 4,246,992 | 4,503,347 | 4,698,538 | 4,693,700 | 4,554,144 | Total commercial real estate | 4,100,956 | 3,831,325 | 4,116,892 | 4,246,992 | 4,503,347 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 1,121,583 | 1,848,550 | 1,682,310 | 2,097,325 | 2,081,428 | Paycheck protection program | 137,365 | 276,341 | 536,052 | 1,121,583 | 1,848,550 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | 1,772,627 | 1,797,478 | 1,863,003 | 1,849,144 | 1,813,442 | Residential mortgage | 1,723,506 | 1,722,170 | 1,747,243 | 1,772,627 | 1,797,478 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | 413,806 | 420,051 | 408,687 | 384,247 | 322,269 | Residential mortgage guaranteed by U.S. government agencies | 322,581 | 354,173 | 376,986 | 413,806 | 420,051 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Personal | Personal | 1,388,534 | 1,306,637 | 1,277,447 | 1,213,178 | 1,226,097 | Personal | 1,506,832 | 1,515,206 | 1,395,623 | 1,388,534 | 1,306,637 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 3,574,967 | 3,524,166 | 3,549,137 | 3,446,569 | 3,361,808 | Total loans to individuals | 3,552,919 | 3,591,549 | 3,519,852 | 3,574,967 | 3,524,166 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 21,416,449 | $ | 22,533,847 | $ | 23,007,520 | $ | 23,803,300 | $ | 24,155,890 | Total | $ | 20,674,429 | $ | 20,205,680 | $ | 20,347,936 | $ | 21,416,449 | $ | 22,533,847 |
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Texas: | Texas: | Texas: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | $ | 5,690,901 | $ | 5,748,345 | $ | 5,926,534 | $ | 6,135,471 | $ | 6,359,206 | Commercial | $ | 6,254,883 | $ | 6,068,700 | $ | 5,815,562 | $ | 5,690,901 | $ | 5,748,345 | ||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 1,403,751 | 1,511,714 | 1,519,217 | 1,523,226 | 1,413,108 | Commercial real estate | 1,345,105 | 1,253,439 | 1,383,871 | 1,403,751 | 1,511,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 342,933 | 537,899 | 501,079 | 614,970 | 612,133 | Paycheck protection program | 31,242 | 81,654 | 115,623 | 342,933 | 537,899 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 885,619 | 848,194 | 855,410 | 794,055 | 749,531 | Loans to individuals | 957,320 | 942,982 | 901,121 | 885,619 | 848,194 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Texas | Total Texas | 8,323,204 | 8,646,152 | 8,802,240 | 9,067,722 | 9,133,978 | Total Texas | 8,588,550 | 8,346,775 | 8,216,177 | 8,323,204 | 8,646,152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Oklahoma: | Oklahoma: | Oklahoma: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 2,840,560 | 2,975,477 | 3,144,782 | 3,332,244 | 3,489,259 | Commercial | 2,883,663 | 2,633,014 | 2,590,887 | 2,840,560 | 2,975,477 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 552,673 | 597,840 | 597,733 | 608,448 | 596,419 | Commercial real estate | 552,310 | 546,021 | 552,184 | 552,673 | 597,840 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 242,880 | 468,002 | 413,108 | 487,247 | 442,518 | Paycheck protection program | 52,867 | 69,817 | 192,474 | 242,880 | 468,002 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 2,063,419 | 2,043,705 | 2,052,784 | 2,034,576 | 1,966,032 | Loans to individuals | 1,977,886 | 2,024,404 | 2,014,099 | 2,063,419 | 2,043,705 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Oklahoma | Total Oklahoma | 5,699,532 | 6,085,024 | 6,208,407 | 6,462,515 | 6,494,228 | Total Oklahoma | 5,466,726 | 5,273,256 | 5,349,644 | 5,699,532 | 6,085,024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Colorado: | Colorado: | Colorado: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 1,904,182 | 1,910,826 | 1,929,320 | 1,993,364 | 2,085,294 | Commercial | 1,977,773 | 1,936,149 | 1,874,613 | 1,904,182 | 1,910,826 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 656,521 | 777,786 | 879,648 | 893,626 | 940,622 | Commercial real estate | 480,740 | 470,937 | 526,653 | 656,521 | 777,786 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 299,712 | 436,540 | 377,111 | 494,910 | 488,279 | Paycheck protection program | 28,584 | 82,781 | 140,470 | 299,712 | 436,540 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 262,796 | 264,759 | 264,295 | 257,832 | 265,359 | Loans to individuals | 236,125 | 256,533 | 249,298 | 262,796 | 264,759 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Colorado | Total Colorado | 3,123,211 | 3,389,911 | 3,450,374 | 3,639,732 | 3,779,554 | Total Colorado | 2,723,222 | 2,746,400 | 2,791,034 | 3,123,211 | 3,389,911 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Arizona: | Arizona: | Arizona: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 1,239,270 | 1,207,089 | 1,219,072 | 1,218,769 | 1,346,037 | Commercial | 1,074,551 | 1,130,798 | 1,194,801 | 1,239,270 | 1,207,089 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 705,497 | 667,766 | 726,111 | 702,291 | 698,818 | Commercial real estate | 719,970 | 674,309 | 734,174 | 705,497 | 667,766 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 104,946 | 208,481 | 211,725 | 272,114 | 318,961 | Paycheck protection program | 11,644 | 21,594 | 42,815 | 104,946 | 208,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 178,481 | 179,031 | 177,948 | 166,203 | 177,155 | Loans to individuals | 190,746 | 186,528 | 182,506 | 178,481 | 179,031 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Arizona | Total Arizona | 2,228,194 | 2,262,367 | 2,334,856 | 2,359,377 | 2,540,971 | Total Arizona | 1,996,911 | 2,013,229 | 2,154,296 | 2,228,194 | 2,262,367 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Kansas/Missouri: | Kansas/Missouri: | Kansas/Missouri: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 388,291 | 421,974 | 455,914 | 493,606 | 481,162 | Commercial | 334,371 | 338,697 | 336,414 | 388,291 | 421,974 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 406,055 | 395,590 | 366,821 | 352,663 | 314,926 | Commercial real estate | 436,740 | 382,761 | 408,001 | 406,055 | 395,590 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 41,954 | 60,741 | 56,011 | 80,230 | 76,724 | Paycheck protection program | 2,595 | 4,718 | 6,920 | 41,954 | 60,741 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 103,092 | 104,954 | 105,995 | 96,598 | 102,577 | Loans to individuals | 121,247 | 110,889 | 100,920 | 103,092 | 104,954 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Kansas/Missouri | Total Kansas/Missouri | 939,392 | 983,259 | 984,741 | 1,023,097 | 975,389 | Total Kansas/Missouri | 894,953 | 837,065 | 852,255 | 939,392 | 983,259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
New Mexico: | New Mexico: | New Mexico: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 304,804 | 307,395 | 303,833 | 288,374 | 308,090 | Commercial | 262,533 | 306,964 | 287,695 | 304,804 | 307,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 437,996 | 448,298 | 473,204 | 473,697 | 458,230 | Commercial real estate | 504,632 | 442,128 | 437,302 | 437,996 | 448,298 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 86,716 | 124,059 | 109,881 | 133,244 | 128,058 | Paycheck protection program | 9,713 | 13,510 | 31,444 | 86,716 | 124,059 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 68,177 | 70,491 | 75,665 | 79,890 | 83,470 | Loans to individuals | 63,299 | 63,930 | 66,651 | 68,177 | 70,491 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total New Mexico | Total New Mexico | 897,693 | 950,243 | 962,583 | 975,205 | 977,848 | Total New Mexico | 840,177 | 826,532 | 823,092 | 897,693 | 950,243 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Arkansas: | Arkansas: | Arkansas: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 104,899 | 86,678 | 98,080 | 103,878 | 89,462 | Commercial | 95,415 | 92,143 | 75,168 | 104,899 | 86,678 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 84,499 | 104,353 | 135,804 | 139,749 | 132,021 | Commercial real estate | 61,459 | 61,730 | 74,707 | 84,499 | 104,353 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 2,442 | 12,828 | 13,395 | 14,610 | 14,755 | Paycheck protection program | 720 | 2,267 | 6,306 | 2,442 | 12,828 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 13,383 | 13,032 | 17,040 | 17,415 | 17,684 | Loans to individuals | 6,296 | 6,283 | 5,257 | 13,383 | 13,032 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Arkansas | Total Arkansas | 205,223 | 216,891 | 264,319 | 275,652 | 253,922 | Total Arkansas | 163,890 | 162,423 | 161,438 | 205,223 | 216,891 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total BOK Financial loans | Total BOK Financial loans | $ | 21,416,449 | $ | 22,533,847 | $ | 23,007,520 | $ | 23,803,300 | $ | 24,155,890 | Total BOK Financial loans | $ | 20,674,429 | $ | 20,205,680 | $ | 20,347,936 | $ | 21,416,449 | $ | 22,533,847 |
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan commitments | Loan commitments | $ | 11,518,158 | $ | 11,151,650 | $ | 10,967,546 | $ | 10,430,106 | $ | 10,298,572 | Loan commitments | $ | 12,490,832 | $ | 12,471,482 | $ | 12,044,695 | $ | 11,518,158 | $ | 11,151,650 | ||||||||||||||||||||||||||||||||||||||||||
Standby letters of credit | Standby letters of credit | 671,878 | 713,834 | 681,467 | 678,136 | 693,177 | Standby letters of credit | 654,185 | 699,743 | 638,067 | 671,878 | 713,834 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Unpaid principal balance of residential mortgage loans sold with recourse | Unpaid principal balance of residential mortgage loans sold with recourse | 63,545 | 68,393 | 73,055 | 77,225 | 82,305 | Unpaid principal balance of residential mortgage loans sold with recourse | 51,459 | 54,619 | 57,988 | 63,545 | 68,393 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Unpaid principal balance of residential mortgage loans transferred into mortgage-backed securities guaranteed by U.S. Dept. of Veteran's Affairs | 1,225,100 | 1,326,300 | 1,442,504 | 1,574,272 | 1,715,025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unpaid principal balance of residential mortgage loans transferred into mortgage-backed securities guaranteed by U.S. Dept. of Veterans Affairs | Unpaid principal balance of residential mortgage loans transferred into mortgage-backed securities guaranteed by U.S. Dept. of Veterans Affairs | 1,062,197 | 1,095,877 | 1,150,124 | 1,225,100 | 1,326,300 |
Customers | $ | |||||||
Banks and other financial institutions | ||||||||
Exchanges and clearing organizations | 27,824 | |||||||
Fair value of customer risk management program asset derivative contracts, net | $ |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses: | Allowance for loan losses: | Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 352,402 | $ | 388,640 | 419,777 | 435,597 | 315,311 | Beginning balance | $ | 256,421 | $ | 276,680 | 311,890 | 352,402 | 388,640 | ||||||||||||||||||||||||||||||||||||||||||
Loans charged off | Loans charged off | (18,304) | (16,905) | (18,251) | (26,661) | (15,570) | Loans charged off | (7,805) | (6,558) | (9,584) | (18,304) | (16,905) | ||||||||||||||||||||||||||||||||||||||||||||||
Recoveries of loans previously charged off | Recoveries of loans previously charged off | 2,856 | 2,437 | 1,592 | 4,232 | 1,491 | Recoveries of loans previously charged off | 1,824 | 7,272 | 1,769 | 2,856 | 2,437 | ||||||||||||||||||||||||||||||||||||||||||||||
Net loans charged off | (15,448) | (14,468) | (16,659) | (22,429) | (14,079) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans recovered (charged off) | Net loans recovered (charged off) | (5,981) | 714 | (7,815) | (15,448) | (14,468) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (25,064) | (21,770) | (14,478) | 6,609 | 134,365 | Provision for credit losses | (3,967) | (20,973) | (27,395) | (25,064) | (21,770) | ||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 311,890 | $ | 352,402 | $ | 388,640 | $ | 419,777 | $ | 435,597 | Ending balance | $ | 246,473 | $ | 256,421 | $ | 276,680 | $ | 311,890 | $ | 352,402 | ||||||||||||||||||||||||||||||||||||
Accrual for off-balance sheet credit risk from unfunded loan commitments: | Accrual for off-balance sheet credit risk from unfunded loan commitments: | Accrual for off-balance sheet credit risk from unfunded loan commitments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 32,877 | $ | 36,921 | 27,969 | 32,919 | 28,514 | Beginning balance | $ | 32,977 | $ | 29,239 | 24,287 | 32,877 | 36,921 | ||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (8,590) | (4,044) | 8,952 | (4,950) | 4,405 | Provision for credit losses | 3,268 | 3,738 | 4,952 | (8,590) | (4,044) | ||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 24,287 | $ | 32,877 | $ | 36,921 | $ | 27,969 | $ | 32,919 | Ending balance | $ | 36,245 | $ | 32,977 | $ | 29,239 | $ | 24,287 | $ | 32,877 | ||||||||||||||||||||||||||||||||||||
Accrual for off-balance sheet credit risk associated with mortgage banking activities: | Accrual for off-balance sheet credit risk associated with mortgage banking activities: | Accrual for off-balance sheet credit risk associated with mortgage banking activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 5,135 | $ | 4,282 | 5,246 | 6,041 | 9,660 | Beginning balance | $ | 3,382 | $ | 3,264 | 3,828 | 5,135 | 4,282 | ||||||||||||||||||||||||||||||||||||||||||
Loans charged off | Loans charged off | (85) | (32) | (41) | (25) | (44) | Loans charged off | (6) | (32) | (30) | (85) | (32) | ||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (1,222) | 885 | (923) | (770) | (3,575) | Provision for credit losses | 621 | 150 | (534) | (1,222) | 885 | ||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 3,828 | $ | 5,135 | $ | 4,282 | $ | 5,246 | $ | 6,041 | Ending balance | $ | 3,997 | $ | 3,382 | $ | 3,264 | $ | 3,828 | $ | 5,135 | ||||||||||||||||||||||||||||||||||||
Allowance for credit losses related to held-to-maturity (investment) securities: | Allowance for credit losses related to held-to-maturity (investment) securities: | Allowance for credit losses related to held-to-maturity (investment) securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 617 | $ | 688 | $ | 739 | $ | 1,628 | $ | 1,502 | Beginning balance | $ | 555 | $ | 470 | $ | 493 | $ | 617 | $ | 688 | ||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (124) | (71) | (51) | (889) | 126 | Provision for credit losses | 78 | 85 | (23) | (124) | (71) | ||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | $ | 493 | $ | 617 | $ | 688 | $ | 739 | $ | 1,628 | Ending balance | $ | 633 | $ | 555 | $ | 470 | $ | 493 | $ | 617 | ||||||||||||||||||||||||||||||||||||
Total provision for credit losses | Total provision for credit losses | $ | (35,000) | $ | (25,000) | $ | (6,500) | $ | — | $ | 135,195 | Total provision for credit losses | $ | — | $ | (17,000) | $ | (23,000) | $ | (35,000) | $ | (25,000) | ||||||||||||||||||||||||||||||||||||
Net charge-offs (annualized) to average loans | 0.28 | % | 0.25 | % | 0.28 | % | 0.37 | % | 0.23 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Net charge-offs (annualized) to average loans excluding PPP loans1 | 0.30 | % | 0.28 | % | 0.31 | % | 0.41 | % | 0.25 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries to gross charge-offs | 15.60 | % | 14.42 | % | 8.72 | % | 15.87 | % | 9.58 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses (annualized) to average loans | (0.45) | % | (0.38) | % | (0.25) | % | 0.11 | % | 2.23 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses to loans outstanding at period-end | 1.46 | % | 1.56 | % | 1.69 | % | 1.76 | % | 1.80 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses to loans outstanding at period-end excluding PPP loans1 | 1.54 | % | 1.70 | % | 1.82 | % | 1.93 | % | 1.97 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Accrual for unfunded loan commitments to loan commitments | 0.21 | % | 0.29 | % | 0.34 | % | 0.27 | % | 0.32 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to loans outstanding at period-end | 1.57 | % | 1.71 | % | 1.85 | % | 1.88 | % | 1.94 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to loans outstanding at period-end excluding PPP loans1 | 1.66 | % | 1.86 | % | 2.00 | % | 2.06 | % | 2.12 | % |
Three Months Ended | |||||||||||||||||||||||||||||
Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||
Average loans by portfolio segment : | |||||||||||||||||||||||||||||
Commercial | $ | 12,677,706 | $ | 12,401,935 | $ | 12,231,230 | $ | 12,402,925 | $ | 12,908,461 | |||||||||||||||||||
Commercial real estate | 4,059,148 | 3,838,336 | 4,218,190 | 4,395,848 | 4,547,945 | ||||||||||||||||||||||||
Paycheck protection program | 210,110 | 404,261 | 792,728 | 1,668,047 | 1,741,534 | ||||||||||||||||||||||||
Loans to individuals | 3,516,698 | 3,598,121 | 3,606,460 | 3,700,269 | 3,559,067 | ||||||||||||||||||||||||
Net charge-offs (annualized) to average loans | 0.12 | % | (0.01) | % | 0.15 | % | 0.28 | % | 0.25 | % | |||||||||||||||||||
Net charge-offs (annualized) to average loans excluding PPP loans1 | 0.12 | % | (0.01) | % | 0.16 | % | 0.30 | % | 0.28 | % | |||||||||||||||||||
Net charge-offs (annualized) to average loans by portfolio segment: | |||||||||||||||||||||||||||||
Commercial | 0.17 | % | (0.03) | % | 0.20 | % | 0.47 | % | 0.42 | % | |||||||||||||||||||
Commercial real estate | — | % | (0.06) | % | 0.11 | % | 0.06 | % | 0.02 | % | |||||||||||||||||||
Paycheck protection program | — | % | — | % | — | % | — | % | — | % | |||||||||||||||||||
Loans to individuals | 0.05 | % | 0.08 | % | 0.05 | % | 0.02 | % | 0.06 | % | |||||||||||||||||||
Recoveries to gross charge-offs | 23.37 | % | 110.89 | % | 18.46 | % | 15.60 | % | 14.42 | % | |||||||||||||||||||
Provision for loan losses (annualized) to average loans | (0.08) | % | (0.41) | % | (0.53) | % | (0.45) | % | (0.38) | % | |||||||||||||||||||
Allowance for loan losses to loans outstanding at period-end | 1.19 | % | 1.27 | % | 1.36 | % | 1.46 | % | 1.56 | % | |||||||||||||||||||
Allowance for loan losses to loans outstanding at period-end excluding PPP loans1 | 1.20 | % | 1.29 | % | 1.40 | % | 1.54 | % | 1.70 | % | |||||||||||||||||||
Accrual for unfunded loan commitments to loan commitments | 0.29 | % | 0.26 | % | 0.24 | % | 0.21 | % | 0.29 | % | |||||||||||||||||||
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to loans outstanding at period-end | 1.37 | % | 1.43 | % | 1.50 | % | 1.57 | % | 1.71 | % | |||||||||||||||||||
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to loans outstanding at period-end excluding PPP loans1 | 1.38 | % | 1.45 | % | 1.54 | % | 1.66 | % | 1.86 | % |
Base | Downside | Upside | Base | Downside | Upside | |||||||||||||||||
Scenario probability weighting | Scenario probability weighting | 70% | 20% | 10% | Scenario probability weighting | 60% | 30% | 10% | ||||||||||||||
COVID-19 trajectory | COVID-19 case levels continue to improve and normalize as virus immunity becomes increasingly widespread and proves effective against new virus strains. | Trajectory of COVID-19 pandemic worsens as additional surges stemming from new virus strains in areas of the country with lower vaccination rates as the U.S. enters the fall and winters months. The severity of the situation is compounded by uncertainty around vaccine durability and many states/regions are forced to reinstate restrictions. | COVID-19 case levels continue to improve and normalize as virus immunity becomes increasingly widespread and proves effective against new virus strains. | |||||||||||||||||||
Economic recovery (driven by COVID-19 trajectory) | Continued easing of restrictions and the release of pent-up consumer demand results in GDP growth above historical averages through 2021, but begins to moderate in 2022. | Deteriorated COVID-19 situation, slow vaccine distribution and lack of Congressional support for additional fiscal stimulus results in a mild recession with conditions beginning to improve in the spring of 2022. | Continued easing of restrictions, the release of pent-up consumer demand and prolonged spending of excess savings results in GDP growth above historical averages for 2021 and 2022. | |||||||||||||||||||
Economic outlook | Economic outlook | The Russia-Ukraine conflict remains isolated and conditions improve by mid-year 2022. The federal funds rate is increased at each Federal Reserve Open Market ("FOMC") meeting through March 2023, which results in a target range of 2.75 percent to 3.00 percent. Additionally, the Federal Reserve begins balance sheet reduction by mid-year 2022. Labor force participants continue to re-enter the job market to meet the record number of job openings. The increase in employment helps maintain household income above its pre-pandemic trend. This, coupled with the drawdown in savings, supports consumer spending and produces GDP growth consistent with pre-pandemic levels. | The Russia-Ukraine conflict persists through 2022 but remains isolated. The Federal Reserve is forced to adopt a more aggressive monetary policy to combat the inflationary environment. This results in a target range of 4.00 percent to 4.25 percent by March 2023. Additionally, the Federal Reserve begins balance sheet reduction by mid-year 2022. Additional surges in commodity prices exacerbated by supply chain dislocations create higher levels of inflation that do not peak until the fourth quarter of 2022. These factors push the United States into a recession, with contraction in economic activity and a sharp increase in the unemployment rate. | The Russia-Ukraine conflict remains isolated and conditions improve early second quarter 2022. The federal funds rate is increased at each FOMC meeting through March 2023, which results in a target range of 2.25 percent to 2.50 percent. Additionally, the Federal Reserve begins balance sheet reduction by mid-year 2022. Labor force participants continue to re-enter the job market to meet the record number of job openings. The increase in employment helps maintain household income above its pre-pandemic trend. This coupled with the drawdown in savings, supports consumer spending and produces above trend GDP growth. | ||||||||||||||||||
Macro-economic factors | Macro-economic factors | –GDP is forecasted to grow by 4.8 percent over the next 12 months. –Civilian unemployment rate of 5.5 percent in the third quarter of 2021 improves to 4.7 percent by the second quarter of 2022. –WTI oil prices are projected to generally follow the NYMEX forward curve that existed at the end of June 2021 and are expected to average $67.04 per barrel over the next 12 months. | –GDP is forecasted to grow 1.3 percent over the next 12 months. –Civilian unemployment rate of 5.7 percent in the third quarter of 2021 increases in the next two quarters then levels off at 7.6 percent in the second quarter of 2022. –WTI oil prices are projected to average $52.58 over the next 12 months. | –GDP is forecasted to grow by 6.4 percent over the next 12 months. –Civilian unemployment rate of 5.1 percent in the third quarter of 2021 improves to 4.0 percent by the second quarter of 2022. –WTI oil prices are projected to average $72.28 per barrel over the next 12 months. | Macro-economic factors | –GDP is forecasted to grow by 2.2 percent over the next 12 months. –Civilian unemployment rate of 3.9 percent in the first quarter of 2022 improves to 3.8 percent by the first quarter of 2023. –WTI oil prices are projected to generally follow the NYMEX forward curve that existed at the end of March 2022 and are expected to average $94.98 per barrel over the next 12 months. | –GDP is forecasted to contract 1.3 percent over the next twelve months. –Civilian unemployment rate of 4.4 percent in the second quarter of 2022 increases to 6.9 percent in the first quarter of 2023. –WTI oil prices are projected to average $109.67 over the next 12 months, with a peak of $131.46 in the third quarter of 2022 and falling 33% over the following two quarters. | –GDP is forecasted to grow by 3.3 percent over the next 12 months. –Civilian unemployment rate of 3.7 percent in the second quarter of 2022 improves to 3.3 percent by the first quarter of 2023. –WTI oil prices are projected to average $85.89 per barrel over the next 12 months. |
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing loans: | Nonaccruing loans: | Nonaccruing loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | $ | 70,341 | $ | 101,800 | $ | 125,059 | $ | 126,816 | $ | 162,989 | Energy | $ | 24,976 | $ | 31,091 | $ | 45,500 | $ | 70,341 | $ | 101,800 | ||||||||||||||||||||||||||||||||||||||||||
Services | Services | 16,535 | 17,170 | 25,714 | 29,913 | 28,033 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Healthcare | Healthcare | 527 | 3,187 | 3,645 | 3,645 | 3,645 | Healthcare | 15,076 | 15,762 | 509 | 527 | 3,187 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Services | 29,913 | 28,033 | 25,598 | 25,817 | 21,032 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General business | General business | 11,823 | 14,053 | 12,857 | 13,675 | 14,333 | General business | 3,750 | 10,081 | 8,951 | 11,823 | 14,053 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 112,604 | 147,073 | 167,159 | 169,953 | 201,999 | Total commercial | 60,337 | 74,104 | 80,674 | 112,604 | 147,073 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 26,123 | 27,243 | 27,246 | 12,952 | 13,956 | Commercial real estate | 15,989 | 14,262 | 21,223 | 26,123 | 27,243 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | 31,473 | 32,884 | 32,228 | 31,599 | 33,098 | Residential mortgage | 30,757 | 31,574 | 30,674 | 31,473 | 32,884 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | 9,207 | 8,564 | 7,741 | 6,397 | 6,110 | Residential mortgage guaranteed by U.S. government agencies | 16,992 | 13,861 | 9,188 | 9,207 | 8,564 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Personal | Personal | 229 | 255 | 319 | 252 | 233 | Personal | 171 | 258 | 188 | 229 | 255 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 40,909 | 41,703 | 40,288 | 38,248 | 39,441 | Total loans to individuals | 47,920 | 45,693 | 40,050 | 40,909 | 41,703 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total nonaccruing loans | Total nonaccruing loans | 179,636 | 216,019 | 234,693 | 221,153 | 255,396 | Total nonaccruing loans | 124,246 | 134,059 | 141,947 | 179,636 | 216,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Accruing renegotiated loans guaranteed by U.S. government agencies | Accruing renegotiated loans guaranteed by U.S. government agencies | 171,324 | 154,591 | 151,775 | 142,770 | 114,571 | Accruing renegotiated loans guaranteed by U.S. government agencies | 204,121 | 210,618 | 178,554 | 171,324 | 154,591 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate and other repossessed assets | Real estate and other repossessed assets | 57,337 | 70,911 | 90,526 | 52,847 | 35,330 | Real estate and other repossessed assets | 24,492 | 24,589 | 28,770 | 57,337 | 70,911 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total nonperforming assets | Total nonperforming assets | $ | 408,297 | $ | 441,521 | $ | 476,994 | $ | 416,770 | $ | 405,297 | Total nonperforming assets | $ | 352,859 | $ | 369,266 | $ | 349,271 | $ | 408,297 | $ | 441,521 | ||||||||||||||||||||||||||||||||||||||||||
Total nonperforming assets excluding those guaranteed by U.S. government agencies | Total nonperforming assets excluding those guaranteed by U.S. government agencies | $ | 227,766 | $ | 278,366 | $ | 317,478 | $ | 267,603 | $ | 284,616 | Total nonperforming assets excluding those guaranteed by U.S. government agencies | $ | 131,746 | $ | 144,787 | $ | 161,529 | $ | 227,766 | $ | 278,366 | ||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses to nonaccruing loans1 | Allowance for loan losses to nonaccruing loans1 | 183.00 | % | 169.87 | % | 171.24 | % | 195.47 | % | 174.74 | % | Allowance for loan losses to nonaccruing loans1 | 229.80 | % | 213.33 | % | 208.41 | % | 183.00 | % | 169.87 | % | ||||||||||||||||||||||||||||||||||||||||||
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to nonaccruing loans1 | Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to nonaccruing loans1 | 263.60 | % | 240.77 | % | 230.43 | % | 197.25 | % | 185.72 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming assets to outstanding loans and repossessed assets | Nonperforming assets to outstanding loans and repossessed assets | 1.90 | % | 1.95 | % | 2.07 | % | 1.75 | % | 1.68 | % | Nonperforming assets to outstanding loans and repossessed assets | 1.70 | % | 1.83 | % | 1.71 | % | 1.90 | % | 1.95 | % | ||||||||||||||||||||||||||||||||||||||||||
Nonperforming assets to outstanding loans and repossessed assets excluding residential mortgage and PPP loans guaranteed by U.S. government agencies1,2 | 1.14 | % | 1.37 | % | 1.51 | % | 1.25 | % | 1.31 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming assets to outstanding loans and repossessed assets1,2 | Nonperforming assets to outstanding loans and repossessed assets1,2 | 0.65 | % | 0.74 | % | 0.83 | % | 1.14 | % | 1.37 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing loans to outstanding loans | Nonaccruing loans to outstanding loans | 0.60 | % | 0.66 | % | 0.70 | % | 0.84 | % | 0.96 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing commercial loans to outstanding commercial loans | Nonaccruing commercial loans to outstanding commercial loans | 0.90 | % | 1.16 | % | 1.28 | % | 1.25 | % | 1.43 | % | Nonaccruing commercial loans to outstanding commercial loans | 0.47 | % | 0.59 | % | 0.66 | % | 0.90 | % | 1.16 | % | ||||||||||||||||||||||||||||||||||||||||||
Nonaccruing commercial real estate loans to outstanding commercial real estate loans | Nonaccruing commercial real estate loans to outstanding commercial real estate loans | 0.62 | % | 0.60 | % | 0.58 | % | 0.28 | % | 0.31 | % | Nonaccruing commercial real estate loans to outstanding commercial real estate loans | 0.39 | % | 0.37 | % | 0.52 | % | 0.62 | % | 0.60 | % | ||||||||||||||||||||||||||||||||||||||||||
Nonaccruing loans to individuals to outstanding loans to individuals1 | Nonaccruing loans to individuals to outstanding loans to individuals1 | 1.00 | % | 1.07 | % | 1.04 | % | 1.04 | % | 1.10 | % | Nonaccruing loans to individuals to outstanding loans to individuals1 | 0.96 | % | 0.98 | % | 0.98 | % | 1.00 | % | 1.07 | % |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing Loans | Nonaccruing Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Loan to Individuals | Total | Renegotiated Loans | Real Estate and Other Repossessed Assets | Total Nonperforming Assets | Commercial | Commercial Real Estate | Loan to Individuals | Total | Renegotiated Loans | Real Estate and Other Repossessed Assets | Total Nonperforming Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2021 | $ | 147,073 | $ | 27,243 | $ | 41,703 | $ | 216,019 | $ | 154,591 | $ | 70,911 | $ | 441,521 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, December 31, 2021 | Balance, December 31, 2021 | $ | 74,104 | $ | 14,262 | $ | 45,693 | $ | 134,059 | $ | 210,618 | $ | 24,589 | $ | 369,266 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additions | Additions | 6,866 | — | 6,275 | 13,141 | 23,852 | — | 36,993 | Additions | 1,393 | 4,261 | 6,270 | 11,924 | 16,990 | — | 28,914 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments | Payments | (24,833) | (320) | (5,499) | (30,652) | (929) | — | (31,581) | Payments | (9,079) | (290) | (4,407) | (13,776) | (2,233) | — | (16,009) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | Charge-offs | (16,502) | (800) | (1,002) | (18,304) | — | — | (18,304) | Charge-offs | (6,081) | (191) | (1,533) | (7,805) | — | — | (7,805) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net gains (losses) and write-downs | Net gains (losses) and write-downs | — | — | — | — | — | 3,624 | 3,624 | Net gains (losses) and write-downs | — | — | — | — | — | 1,873 | 1,873 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreclosure of nonperforming loans | Foreclosure of nonperforming loans | — | — | (142) | (142) | — | 142 | — | Foreclosure of nonperforming loans | — | — | (64) | (64) | — | 64 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreclosure of loans guaranteed by U.S. government agencies | Foreclosure of loans guaranteed by U.S. government agencies | — | — | (994) | (994) | — | — | (994) | Foreclosure of loans guaranteed by U.S. government agencies | — | — | (891) | (891) | (601) | — | (1,492) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sales | Proceeds from sales | — | — | — | — | (5,831) | (17,340) | (23,171) | Proceeds from sales | — | — | — | — | (17,806) | (2,034) | (19,840) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net transfers to nonaccruing loans | Net transfers to nonaccruing loans | — | — | 714 | 714 | (714) | — | — | Net transfers to nonaccruing loans | — | — | 3,238 | 3,238 | (3,238) | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Return to accrual status | Return to accrual status | — | — | (146) | (146) | — | — | (146) | Return to accrual status | — | (2,053) | (386) | (2,439) | — | — | (2,439) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other, net | Other, net | — | — | — | — | 355 | — | 355 | Other, net | — | — | — | — | 391 | — | 391 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | $ | 112,604 | $ | 26,123 | $ | 40,909 | $ | 179,636 | $ | 171,324 | $ | 57,337 | $ | 408,297 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2022 | Balance, March 31, 2022 | $ | 60,337 | $ | 15,989 | $ | 47,920 | $ | 124,246 | $ | 204,121 | $ | 24,492 | $ | 352,859 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Loan to Individuals | Total | Renegotiated Loans | Real Estate and Other Repossessed Assets | Total Nonperforming Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, Dec. 31, 2020 | $ | 167,159 | $ | 27,246 | $ | 40,288 | $ | 234,693 | $ | 151,775 | $ | 90,526 | $ | 476,994 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additions | 25,794 | 327 | 11,605 | 37,726 | 36,552 | 8,688 | 82,966 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments | (48,502) | (387) | (8,021) | (56,910) | (1,628) | — | (58,538) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (31,847) | (1,063) | (2,299) | (35,209) | — | — | (35,209) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net gains (losses) and write-downs | — | — | — | — | — | 16,782 | 16,782 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreclosure of nonperforming loans | — | — | (289) | (289) | — | 289 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreclosure of loans guaranteed by U.S. government agencies | — | — | (1,220) | (1,220) | (122) | — | (1,342) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sales | — | — | — | — | (14,745) | (58,948) | (73,693) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net transfers to nonaccruing loans | — | — | 1,138 | 1,138 | (1,138) | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Return to accrual status | — | — | (293) | (293) | — | — | (293) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other, net | — | — | — | — | 630 | — | 630 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | $ | 112,604 | $ | 26,123 | $ | 40,909 | $ | 179,636 | $ | 171,324 | $ | 57,337 | $ | 408,297 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Commercial Banking | Commercial Banking | $ | 17,049,772 | $ | 16,130,168 | $ | 15,373,673 | $ | 15,375,450 | $ | 14,599,225 | Commercial Banking | $ | 19,595,260 | $ | 19,537,285 | $ | 17,881,673 | $ | 17,049,772 | $ | 16,130,168 | ||||||||||||||||||||||||||||||||||||
Consumer Banking | Consumer Banking | 8,469,043 | 8,082,443 | 7,993,971 | 7,940,973 | 7,587,246 | Consumer Banking | 8,746,622 | 8,682,437 | 8,516,942 | 8,469,043 | 8,082,443 | ||||||||||||||||||||||||||||||||||||||||||||||
Wealth Management | Wealth Management | 9,695,319 | 9,706,295 | 9,589,814 | 9,090,116 | 8,385,681 | Wealth Management | 9,619,323 | 9,194,019 | 9,120,446 | 9,695,319 | 9,706,295 | ||||||||||||||||||||||||||||||||||||||||||||||
Subtotal | Subtotal | 35,214,134 | 33,918,906 | 32,957,458 | 32,406,539 | 30,572,152 | Subtotal | 37,961,205 | 37,413,741 | 35,519,061 | 35,214,134 | 33,918,906 | ||||||||||||||||||||||||||||||||||||||||||||||
Funds Management and other | Funds Management and other | 2,276,093 | 2,603,210 | 2,565,171 | 2,233,394 | 2,078,802 | Funds Management and other | 2,401,002 | 2,388,347 | 2,315,325 | 2,276,093 | 2,603,210 | ||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 37,490,227 | $ | 36,522,116 | $ | 35,522,629 | $ | 34,639,933 | $ | 32,650,954 | Total | $ | 40,362,207 | $ | 39,802,088 | $ | 37,834,386 | $ | 37,490,227 | $ | 36,522,116 |
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oklahoma: | Oklahoma: | Oklahoma: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand | Demand | $ | 4,985,542 | $ | 4,823,436 | $ | 4,329,205 | $ | 4,493,978 | $ | 4,378,786 | Demand | $ | 5,205,806 | $ | 5,433,405 | $ | 5,080,162 | $ | 4,985,542 | $ | 4,823,436 | ||||||||||||||||||||||||||||||||||||||||||
Interest-bearing: | Interest-bearing: | Interest-bearing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | 12,065,844 | 12,828,070 | 12,603,658 | 12,586,449 | 11,438,549 | Transaction | 11,410,709 | 12,689,367 | 11,692,679 | 12,065,844 | 12,828,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 500,344 | 487,862 | 420,996 | 401,062 | 387,557 | Savings | 558,634 | 521,439 | 510,906 | 500,344 | 487,862 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 1,139,980 | 1,197,517 | 1,134,453 | 1,081,176 | 1,330,619 | Time | 817,744 | 978,822 | 1,039,866 | 1,139,980 | 1,197,517 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing | Total interest-bearing | 13,706,168 | 14,513,449 | 14,159,107 | 14,068,687 | 13,156,725 | Total interest-bearing | 12,787,087 | 14,189,628 | 13,243,451 | 13,706,168 | 14,513,449 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Oklahoma | Total Oklahoma | 18,691,710 | 19,336,885 | 18,488,312 | 18,562,665 | 17,535,511 | Total Oklahoma | 17,992,893 | 19,623,033 | 18,323,613 | 18,691,710 | 19,336,885 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Texas: | Texas: | Texas: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand | Demand | 3,752,790 | 3,592,969 | 3,449,882 | 3,152,106 | 3,070,728 | Demand | 4,552,001 | 4,552,983 | 3,987,503 | 3,752,790 | 3,592,969 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing: | Interest-bearing: | Interest-bearing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | 4,335,113 | 4,257,234 | 3,800,427 | 3,482,555 | 3,358,030 | Transaction | 4,963,118 | 5,345,461 | 4,985,465 | 4,335,113 | 4,257,234 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 160,805 | 154,406 | 139,173 | 136,787 | 128,892 | Savings | 182,536 | 178,458 | 165,043 | 160,805 | 154,406 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 346,577 | 368,086 | 383,062 | 438,337 | 476,867 | Time | 329,931 | 337,559 | 337,389 | 346,577 | 368,086 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing | Total interest-bearing | 4,842,495 | 4,779,726 | 4,322,662 | 4,057,679 | 3,963,789 | Total interest-bearing | 5,475,585 | 5,861,478 | 5,487,897 | 4,842,495 | 4,779,726 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Texas | Total Texas | 8,595,285 | 8,372,695 | 7,772,544 | 7,209,785 | 7,034,517 | Total Texas | 10,027,586 | 10,414,461 | 9,475,400 | 8,595,285 | 8,372,695 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Colorado: | Colorado: | Colorado: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand | Demand | 1,991,343 | 2,115,354 | 2,168,404 | 2,057,603 | 2,096,075 | Demand | 2,673,352 | 2,526,855 | 2,158,596 | 1,991,343 | 2,115,354 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing: | Interest-bearing: | Interest-bearing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | 2,159,819 | 2,100,135 | 2,170,485 | 1,861,763 | 1,816,604 | Transaction | 2,387,304 | 2,334,371 | 2,337,354 | 2,159,819 | 2,100,135 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 73,990 | 73,446 | 69,384 | 68,230 | 67,477 | Savings | 81,762 | 78,636 | 79,873 | 73,990 | 73,446 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 193,787 | 204,973 | 208,778 | 226,780 | 254,845 | Time | 165,401 | 174,351 | 184,002 | 193,787 | 204,973 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing | Total interest-bearing | 2,427,596 | 2,378,554 | 2,448,647 | 2,156,773 | 2,138,926 | Total interest-bearing | 2,634,467 | 2,587,358 | 2,601,229 | 2,427,596 | 2,378,554 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Colorado | Total Colorado | 4,418,939 | 4,493,908 | 4,617,051 | 4,214,376 | 4,235,001 | Total Colorado | 5,307,819 | 5,114,213 | 4,759,825 | 4,418,939 | 4,493,908 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
New Mexico: | New Mexico: | New Mexico: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand | Demand | 1,197,412 | 1,131,713 | 941,074 | 964,908 | 965,877 | Demand | 1,271,264 | 1,196,057 | 1,222,895 | 1,197,412 | 1,131,713 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing: | Interest-bearing: | Interest-bearing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | 723,757 | 736,923 | 733,007 | 713,418 | 752,565 | Transaction | 888,257 | 858,394 | 837,630 | 723,757 | 736,923 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 105,837 | 103,591 | 91,646 | 85,463 | 80,242 | Savings | 115,457 | 107,963 | 107,615 | 105,837 | 103,591 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 174,665 | 181,863 | 186,307 | 200,525 | 222,370 | Time | 156,140 | 163,871 | 168,879 | 174,665 | 181,863 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing | Total interest-bearing | 1,004,259 | 1,022,377 | 1,010,960 | 999,406 | 1,055,177 | Total interest-bearing | 1,159,854 | 1,130,228 | 1,114,124 | 1,004,259 | 1,022,377 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total New Mexico | Total New Mexico | 2,201,671 | 2,154,090 | 1,952,034 | 1,964,314 | 2,021,054 | Total New Mexico | 2,431,118 | 2,326,285 | 2,337,019 | 2,201,671 | 2,154,090 |
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Arizona: | Arizona: | Arizona: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand | Demand | 943,511 | 915,439 | 905,201 | 928,671 | 985,757 | Demand | 947,775 | 934,282 | 1,110,884 | 943,511 | 915,439 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing: | Interest-bearing: | Interest-bearing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | 820,901 | 835,795 | 768,220 | 771,319 | 780,500 | Transaction | 810,896 | 834,491 | 784,614 | 820,901 | 835,795 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 13,496 | 13,235 | 12,174 | 11,498 | 15,669 | Savings | 18,122 | 16,182 | 16,468 | 13,496 | 13,235 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 30,012 | 30,997 | 32,721 | 36,929 | 42,318 | Time | 27,259 | 31,274 | 30,862 | 30,012 | 30,997 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing | Total interest-bearing | 864,409 | 880,027 | 813,115 | 819,746 | 838,487 | Total interest-bearing | 856,277 | 881,947 | 831,944 | 864,409 | 880,027 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Arizona | Total Arizona | 1,807,920 | 1,795,466 | 1,718,316 | 1,748,417 | 1,824,244 | Total Arizona | 1,804,052 | 1,816,229 | 1,942,828 | 1,807,920 | 1,795,466 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Kansas/Missouri: | Kansas/Missouri: | Kansas/Missouri: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand | Demand | 463,339 | 478,370 | 426,738 | 405,360 | 427,795 | Demand | 553,345 | 658,342 | 488,595 | 463,339 | 478,370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing: | Interest-bearing: | Interest-bearing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | 978,160 | 991,510 | 960,237 | 616,797 | 526,635 | Transaction | 1,107,525 | 1,086,946 | 965,757 | 978,160 | 991,510 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 17,539 | 18,686 | 16,286 | 15,520 | 15,033 | Savings | 19,589 | 18,844 | 17,303 | 17,539 | 18,686 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 13,509 | 13,898 | 14,610 | 16,430 | 17,746 | Time | 11,527 | 12,255 | 13,040 | 13,509 | 13,898 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing | Total interest-bearing | 1,009,208 | 1,024,094 | 991,133 | 648,747 | 559,414 | Total interest-bearing | 1,138,641 | 1,118,045 | 996,100 | 1,009,208 | 1,024,094 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Kansas/Missouri | Total Kansas/Missouri | 1,472,547 | 1,502,464 | 1,417,871 | 1,054,107 | 987,209 | Total Kansas/Missouri | 1,691,986 | 1,776,387 | 1,484,695 | 1,472,547 | 1,502,464 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Arkansas: | Arkansas: | Arkansas: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand | Demand | 46,472 | 45,889 | 45,834 | 44,712 | 67,147 | Demand | 38,798 | 42,499 | 41,594 | 46,472 | 45,889 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing: | Interest-bearing: | Interest-bearing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | 195,125 | 141,207 | 122,388 | 164,439 | 177,535 | Transaction | 122,020 | 119,543 | 149,611 | 195,125 | 141,207 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 3,445 | 3,000 | 2,333 | 2,389 | 2,101 | Savings | 3,265 | 3,213 | 3,289 | 3,445 | 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 6,819 | 7,022 | 7,197 | 7,796 | 7,995 | Time | 6,414 | 6,196 | 6,677 | 6,819 | 7,022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing | Total interest-bearing | 205,389 | 151,229 | 131,918 | 174,624 | 187,631 | Total interest-bearing | 131,699 | 128,952 | 159,577 | 205,389 | 151,229 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Arkansas | Total Arkansas | 251,861 | 197,118 | 177,752 | 219,336 | 254,778 | Total Arkansas | 170,497 | 171,451 | 201,171 | 251,861 | 197,118 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total BOK Financial deposits | Total BOK Financial deposits | $ | 37,439,933 | $ | 37,852,626 | $ | 36,143,880 | $ | 34,973,000 | $ | 33,892,314 | Total BOK Financial deposits | $ | 39,425,951 | $ | 41,242,059 | $ | 38,524,551 | $ | 37,439,933 | $ | 37,852,626 |
Three Months Ended June 30, 2021 | Three Months Ended Mar. 31, 2021 | Three Months Ended March 31, 2022 | Three Months Ended Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | Average Balance During the Quarter | Rate | Maximum Outstanding At Any Month End During the Quarter | Mar. 31, 2021 | Average Balance During the Quarter | Rate | Maximum Outstanding At Any Month End During the Quarter | Mar. 31, 2022 | Average Balance During the Quarter | Rate | Maximum Outstanding At Any Month End During the Quarter | Dec. 31, 2021 | Average Balance During the Quarter | Rate | Maximum Outstanding At Any Month End During the Quarter | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds purchased | Funds purchased | 185,315 | 591,112 | 0.40 | % | 395,416 | 236,151 | 874,576 | 0.39 | % | 542,465 | Funds purchased | 444,068 | 371,435 | 0.57 | % | 444,068 | 199,513 | 337,328 | 0.63 | % | 226,605 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase agreements | Repurchase agreements | 544,868 | 1,199,378 | 0.05 | % | 544,868 | 559,010 | 1,955,801 | 0.11 | % | 1,073,237 | Repurchase agreements | 624,261 | 1,633,031 | 1.04 | % | 3,034,312 | 2,126,936 | 2,555,800 | 0.74 | % | 2,920,728 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other borrowings: | Other borrowings: | Other borrowings: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank advances | Federal Home Loan Bank advances | 500,000 | 2,138,462 | 0.27 | % | 2,600,000 | — | 1,836,667 | 0.29 | % | 1,400,000 | Federal Home Loan Bank advances | — | 1,112,222 | 0.28 | % | 700,000 | — | 842,393 | 0.27 | % | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GNMA repurchase liability | GNMA repurchase liability | 7,625 | 11,306 | 3.73 | % | 10,895 | 14,044 | 20,979 | 4.08 | % | 23,856 | GNMA repurchase liability | 6,294 | 6,530 | 4.29 | % | 6,804 | 7,420 | 8,440 | 4.42 | % | 9,358 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program liquidity facility | 1,010,560 | 1,430,522 | 0.35 | % | 1,529,788 | 1,662,598 | 1,505,930 | 0.35 | % | 1,662,598 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | Other | 28,046 | 28,079 | 5.53 | % | 28,757 | 31,875 | 28,771 | 5.59 | % | 31,875 | Other | 29,952 | 29,688 | 2.39 | % | 29,952 | 29,333 | 30,004 | 3.29 | % | 30,724 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other borrowings | Total other borrowings | 1,546,231 | 3,608,369 | 0.34 | % | 1,708,517 | 3,392,347 | 0.39 | % | Total other borrowings | 36,246 | 1,148,440 | 0.38 | % | 36,753 | 880,837 | 0.49 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures1 | Subordinated debentures1 | 276,043 | 276,034 | 4.87 | % | 276,043 | 276,024 | 276,015 | 4.92 | % | 276,024 | Subordinated debentures1 | 131,209 | 131,228 | 4.02 | % | 131,230 | 131,226 | 131,224 | 4.02 | % | 131,226 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other borrowed funds and subordinated debentures | Total other borrowed funds and subordinated debentures | $ | 2,552,457 | $ | 5,674,893 | 0.50 | % | $ | 2,779,702 | $ | 6,498,739 | 0.50 | % | Total other borrowed funds and subordinated debentures | $ | 1,235,784 | $ | 3,284,134 | 0.88 | % | $ | 2,494,428 | $ | 3,905,189 | 0.78 | % |
Minimum Capital Requirement | Capital Conservation Buffer | Minimum Capital Requirement Including Capital Conservation Buffer | June 30, 2021 | Mar. 31, 2021 | June 30, 2020 | Minimum Capital Requirement | Capital Conservation Buffer | Minimum Capital Requirement Including Capital Conservation Buffer | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-based capital: | Risk-based capital: | Risk-based capital: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common equity Tier 1 | Common equity Tier 1 | 4.50 | % | 2.50 | % | 7.00 | % | 11.95 | % | 12.14 | % | 11.44 | % | Common equity Tier 1 | 4.50 | % | 2.50 | % | 7.00 | % | 11.30 | % | 12.24 | % | 12.14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Tier 1 capital | Tier 1 capital | 6.00 | % | 2.50 | % | 8.50 | % | 12.01 | % | 12.21 | % | 11.44 | % | Tier 1 capital | 6.00 | % | 2.50 | % | 8.50 | % | 11.31 | % | 12.25 | % | 12.21 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total capital | Total capital | 8.00 | % | 2.50 | % | 10.50 | % | 13.61 | % | 13.98 | % | 13.43 | % | Total capital | 8.00 | % | 2.50 | % | 10.50 | % | 12.25 | % | 13.29 | % | 13.98 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Tier 1 Leverage | Tier 1 Leverage | 4.00 | % | N/A | 4.00 | % | 8.58 | % | 8.42 | % | 7.74 | % | Tier 1 Leverage | 4.00 | % | N/A | 4.00 | % | 8.47 | % | 8.55 | % | 8.42 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Average total equity to average assets | Average total equity to average assets | 10.62 | % | 10.48 | % | 10.19 | % | Average total equity to average assets | 10.18 | % | 10.61 | % | 10.48 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible common equity ratio | Tangible common equity ratio | 9.09 | % | 8.82 | % | 8.79 | % | Tangible common equity ratio | 8.13 | % | 8.61 | % | 8.82 | % |
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible common equity ratio: | Tangible common equity ratio: | Tangible common equity ratio: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total shareholders' equity | Total shareholders' equity | $ | 5,332,977 | $ | 5,239,462 | $ | 5,266,266 | $ | 5,218,787 | $ | 5,096,995 | Total shareholders' equity | $ | 4,849,582 | $ | 5,363,732 | $ | 5,388,973 | $ | 5,332,977 | $ | 5,239,462 | ||||||||||||||||||||||||||||||||||||||||||
Less: Goodwill and intangible assets, net | Less: Goodwill and intangible assets, net | 1,153,785 | 1,158,676 | 1,161,527 | 1,166,615 | 1,171,686 | Less: Goodwill and intangible assets, net | 1,132,510 | 1,136,527 | 1,140,935 | 1,153,785 | 1,158,676 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible common equity | Tangible common equity | 4,179,192 | 4,080,786 | 4,104,739 | 4,052,172 | 3,925,309 | Tangible common equity | 3,717,072 | 4,227,205 | 4,248,038 | 4,179,192 | 4,080,786 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | Total assets | 47,154,375 | 47,442,513 | 46,671,088 | 46,067,224 | 45,819,874 | Total assets | 46,826,507 | 50,249,431 | 46,923,409 | 47,154,375 | 47,442,513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Less: Goodwill and intangible assets, net | Less: Goodwill and intangible assets, net | 1,153,785 | 1,158,676 | 1,161,527 | 1,166,615 | 1,171,686 | Less: Goodwill and intangible assets, net | 1,132,510 | 1,136,527 | 1,140,935 | 1,153,785 | 1,158,676 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible assets | Tangible assets | $ | 46,000,590 | $ | 46,283,837 | $ | 45,509,561 | $ | 44,900,609 | $ | 44,648,188 | Tangible assets | $ | 45,693,997 | $ | 49,112,904 | $ | 45,782,474 | $ | 46,000,590 | $ | 46,283,837 | ||||||||||||||||||||||||||||||||||||||||||
Tangible common equity ratio | Tangible common equity ratio | 9.09 | % | 8.82 | % | 9.02 | % | 9.02 | % | 8.79 | % | Tangible common equity ratio | 8.13 | % | 8.61 | % | 9.28 | % | 9.09 | % | 8.82 | % | ||||||||||||||||||||||||||||||||||||||||||
Pre-provision net revenue: | Pre-provision net revenue: | Pre-provision net revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income before taxes | Net income before taxes | $ | 215,603 | $ | 186,690 | $ | 199,847 | $ | 204,644 | $ | 80,089 | Net income before taxes | $ | 78,649 | $ | 152,025 | $ | 241,782 | $ | 215,603 | $ | 186,690 | ||||||||||||||||||||||||||||||||||||||||||
Provision for expected credit losses | Provision for expected credit losses | (35,000) | (25,000) | (6,500) | — | 135,321 | Provision for expected credit losses | — | (17,000) | (23,000) | (35,000) | (25,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | Net income (loss) attributable to non-controlling interests | 686 | (1,752) | 485 | 58 | (407) | Net income (loss) attributable to non-controlling interests | (36) | (129) | (601) | 686 | (1,752) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Pre-provision net revenue | Pre-provision net revenue | $ | 179,917 | $ | 163,442 | $ | 192,862 | $ | 204,586 | $ | 215,817 | Pre-provision net revenue | $ | 78,685 | $ | 135,154 | $ | 219,383 | $ | 179,917 | $ | 163,442 |
200 bp Increase | 100 bp Decrease1 | |||||||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||
Anticipated impact over the next twelve months on net interest revenue | $ | 57,142 | $ | 35,746 | N/A | N/A | ||||||||||||||||||||
5.15 | % | 3.47 | % | N/A | N/A |
Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||
200 bp Increase | 100 bp Increase | 200 bp Increase | 100 bp Increase | |||||||||||||||||||||||
Anticipated impact over the next twelve months on net interest revenue | $ | 85,608 | $ | 55,495 | $ | 87,241 | $ | 54,213 | ||||||||||||||||||
7.53 | % | 4.88 | % | 7.60 | % | 4.72 | % | |||||||||||||||||||
Anticipated impact over months twelve through twenty-four | $ | 195,813 | $ | 132,326 | $ | 185,054 | $ | 129,850 | ||||||||||||||||||
16.36 | % | 11.39 | % | 16.03 | % | 11.25 | % |
June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | |||||||||||||||||||||||||||||||||||||||||||||
MSR Asset | MSR Asset | $ | 31,064 | $ | (31,446) | $ | 28,466 | $ | (13,198) | MSR Asset | $ | 12,025 | $ | (17,973) | $ | 31,856 | $ | (41,815) | ||||||||||||||||||||||||||||||||||
MSR Hedge | MSR Hedge | (33,420) | 30,976 | (25,186) | 23,542 | MSR Hedge | (13,708) | 13,723 | (38,213) | 36,692 | ||||||||||||||||||||||||||||||||||||||||||
Net Exposure | Net Exposure | (2,356) | (470) | 3,280 | 10,344 | Net Exposure | (1,683) | (4,250) | (6,357) | (5,123) |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average1 | Average1 | $ | (467) | $ | (485) | $ | (393) | $ | (49) | $ | (555) | $ | (547) | $ | (304) | $ | (107) | Average1 | $ | (96) | $ | (420) | $ | (252) | $ | (254) | $ | (647) | $ | (612) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Low2 | Low2 | (231) | 13 | 403 | 723 | (17) | 13 | 582 | 998 | Low2 | 161 | 2 | 103 | (62) | (17) | (58) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
High3 | High3 | (980) | (709) | (1,310) | (823) | (1,244) | (1,097) | (1,344) | (1,483) | High3 | (402) | (779) | (621) | (523) | (1,244) | (1,097) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period End | Period End | (291) | (408) | (195) | 10 | (291) | (408) | (195) | 10 | Period End | (27) | (95) | (85) | (181) | (564) | (422) |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
10 day 99% VaR | 10 day 99% SVaR | 10 day 99% VaR | 10 day 99% SVaR | 10 day 99% VaR | 10 day 99% SVaR | |||||||||||||||||||||||||||||||||||||||||||||
Average1 | $ | 8,759 | $ | 39,402 | $ | 8,930 | $ | 40,010 | $ | 6,836 | $ | 10,266 | ||||||||||||||||||||||||||||||||||||||
Low | 5,969 | 23,910 | 6,100 | 21,390 | 3,500 | 4,582 | ||||||||||||||||||||||||||||||||||||||||||||
High | 14,556 | 73,790 | 15,060 | 67,440 | 9,951 | 27,792 | ||||||||||||||||||||||||||||||||||||||||||||
Period End | 8,178 | 23,988 | 9,770 | 45,050 | 8,038 | 11,221 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average1 | Average1 | $ | (803) | $ | 3,901 | $ | (2,161) | $ | 3,314 | $ | (1,692) | $ | 3,747 | $ | (3,371) | $ | 5,266 | Average1 | $ | 499 | $ | 2,927 | $ | 1,134 | $ | 1,479 | $ | (2,572) | $ | 3,553 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Low2 | Low2 | 4,984 | 13,323 | 2,919 | 14,163 | 5,818 | 13,323 | 2,919 | 15,309 | Low2 | 8,643 | 12,277 | 8,631 | 9,319 | 5,818 | 8,801 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
High3 | High3 | (9,345) | (3,817) | (12,490) | (2,049) | (9,345) | (4,618) | (12,490) | (2,049) | High3 | (11,253) | (3,813) | (6,589) | (5,020) | (7,054) | (4,618) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period End | Period End | 3,941 | (283) | 704 | 463 | 3,941 | (283) | 704 | 463 | Period End | 49 | 1,076 | 1,587 | 355 | (6,548) | 7,756 |
Consolidated Statements of Earnings (Unaudited) | Consolidated Statements of Earnings (Unaudited) | Consolidated Statements of Earnings (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands, except share and per share data) | (In thousands, except share and per share data) | Three Months Ended | Six Months Ended | (In thousands, except share and per share data) | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest revenue | Interest revenue | 2021 | 2020 | 2021 | 2020 | Interest revenue | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||||||
Loans | Loans | $ | 193,841 | $ | 215,438 | $ | 391,415 | $ | 458,656 | Loans | $ | 178,373 | $ | 197,574 | ||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | Residential mortgage loans held for sale | 1,569 | 2,140 | 2,949 | 3,263 | Residential mortgage loans held for sale | 1,394 | 1,380 | ||||||||||||||||||||||||||||||||||||||||||||
Trading securities | Trading securities | 36,655 | 11,407 | 72,577 | 23,167 | Trading securities | 40,975 | 35,922 | ||||||||||||||||||||||||||||||||||||||||||||
Investment securities | Investment securities | 2,608 | 3,000 | 5,334 | 6,121 | Investment securities | 2,354 | 2,726 | ||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities | Available for sale securities | 58,909 | 68,297 | 117,517 | 138,017 | Available for sale securities | 57,932 | 58,608 | ||||||||||||||||||||||||||||||||||||||||||||
Fair value option securities | Fair value option securities | 402 | 4,110 | 898 | 15,818 | Fair value option securities | 491 | 496 | ||||||||||||||||||||||||||||||||||||||||||||
Restricted equity securities | Restricted equity securities | 1,751 | 1,880 | 3,110 | 7,774 | Restricted equity securities | 1,107 | 1,359 | ||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | Interest-bearing cash and cash equivalents | 158 | 112 | 332 | 2,505 | Interest-bearing cash and cash equivalents | 473 | 174 | ||||||||||||||||||||||||||||||||||||||||||||
Total interest revenue | Total interest revenue | 295,893 | 306,384 | 594,132 | 655,321 | Total interest revenue | 283,099 | 298,239 | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense | Interest expense | Interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits | 8,425 | 17,745 | 18,275 | 63,904 | Deposits | 7,598 | 9,850 | ||||||||||||||||||||||||||||||||||||||||||||
Borrowed funds | Borrowed funds | 3,806 | 6,996 | 8,428 | 44,781 | Borrowed funds | 5,788 | 4,622 | ||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | 3,353 | 3,539 | 6,700 | 7,172 | Subordinated debentures | 1,302 | 3,347 | ||||||||||||||||||||||||||||||||||||||||||||
Total interest expense | Total interest expense | 15,584 | 28,280 | 33,403 | 115,857 | Total interest expense | 14,688 | 17,819 | ||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue | Net interest revenue | 280,309 | 278,104 | 560,729 | 539,464 | Net interest revenue | 268,411 | 280,420 | ||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (35,000) | 135,321 | (60,000) | 229,092 | Provision for credit losses | — | (25,000) | ||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after provision for credit losses | Net interest revenue after provision for credit losses | 315,309 | 142,783 | 620,729 | 310,372 | Net interest revenue after provision for credit losses | 268,411 | 305,420 | ||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | Other operating revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | Brokerage and trading revenue | 29,408 | 62,022 | 50,190 | 112,801 | Brokerage and trading revenue | (27,079) | 20,782 | ||||||||||||||||||||||||||||||||||||||||||||
Transaction card revenue | Transaction card revenue | 24,923 | 22,940 | 47,353 | 44,821 | Transaction card revenue | 24,216 | 22,430 | ||||||||||||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | Fiduciary and asset management revenue | 44,832 | 41,257 | 86,154 | 85,715 | Fiduciary and asset management revenue | 46,399 | 41,322 | ||||||||||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | Deposit service charges and fees | 25,861 | 22,046 | 50,070 | 48,176 | Deposit service charges and fees | 27,004 | 24,209 | ||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking revenue | Mortgage banking revenue | 21,219 | 53,936 | 58,332 | 91,103 | Mortgage banking revenue | 16,650 | 37,113 | ||||||||||||||||||||||||||||||||||||||||||||
Other revenue | Other revenue | 23,172 | 11,479 | 39,468 | 23,788 | Other revenue | 10,445 | 16,296 | ||||||||||||||||||||||||||||||||||||||||||||
Total fees and commissions | Total fees and commissions | 169,415 | 213,680 | 331,567 | 406,404 | Total fees and commissions | 97,635 | 162,152 | ||||||||||||||||||||||||||||||||||||||||||||
Other gains (losses), net | Other gains (losses), net | 16,449 | 7,347 | 26,570 | (3,391) | Other gains (losses), net | (1,644) | 10,121 | ||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on derivatives, net | 18,820 | 21,885 | (8,830) | 40,305 | ||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on fair value option securities, net | (1,627) | (14,459) | (3,537) | 53,934 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loss on derivatives, net | Loss on derivatives, net | (46,981) | (27,650) | |||||||||||||||||||||||||||||||||||||||||||||||||
Loss on fair value option securities, net | Loss on fair value option securities, net | (11,201) | (1,910) | |||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | Change in fair value of mortgage servicing rights | (13,041) | (761) | 20,833 | (89,241) | Change in fair value of mortgage servicing rights | 49,110 | 33,874 | ||||||||||||||||||||||||||||||||||||||||||||
Gain on available for sale securities, net | Gain on available for sale securities, net | 1,430 | 5,580 | 1,897 | 5,583 | Gain on available for sale securities, net | 937 | 467 | ||||||||||||||||||||||||||||||||||||||||||||
Total other operating revenue | Total other operating revenue | 191,446 | 233,272 | 368,500 | 413,594 | Total other operating revenue | 87,856 | 177,054 | ||||||||||||||||||||||||||||||||||||||||||||
Other operating expense | Other operating expense | Other operating expense | ||||||||||||||||||||||||||||||||||||||||||||||||||
Personnel | Personnel | 172,035 | 176,235 | 345,045 | 332,416 | Personnel | 159,228 | 173,010 | ||||||||||||||||||||||||||||||||||||||||||||
Business promotion | Business promotion | 2,744 | 1,935 | 4,898 | 8,150 | Business promotion | 6,513 | 2,154 | ||||||||||||||||||||||||||||||||||||||||||||
Charitable contributions to BOKF Foundation | Charitable contributions to BOKF Foundation | 0 | 3,000 | 4,000 | 3,000 | Charitable contributions to BOKF Foundation | — | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||
Professional fees and services | Professional fees and services | 12,361 | 12,161 | 24,341 | 25,109 | Professional fees and services | 11,413 | 11,980 | ||||||||||||||||||||||||||||||||||||||||||||
Net occupancy and equipment | Net occupancy and equipment | 26,633 | 30,675 | 53,295 | 56,736 | Net occupancy and equipment | 30,855 | 26,662 | ||||||||||||||||||||||||||||||||||||||||||||
Insurance | Insurance | 3,660 | 5,156 | 8,280 | 10,136 | Insurance | 4,283 | 4,620 | ||||||||||||||||||||||||||||||||||||||||||||
Data processing and communications | Data processing and communications | 36,418 | 32,942 | 73,885 | 65,685 | Data processing and communications | 39,836 | 37,467 | ||||||||||||||||||||||||||||||||||||||||||||
Printing, postage and supplies | Printing, postage and supplies | 4,285 | 3,502 | 7,725 | 7,774 | Printing, postage and supplies | 3,689 | 3,440 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization of intangible assets | Amortization of intangible assets | 4,578 | 5,190 | 9,385 | 10,284 | Amortization of intangible assets | 3,964 | 4,807 | ||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking costs | Mortgage banking costs | 11,126 | 15,598 | 25,069 | 26,143 | Mortgage banking costs | 7,877 | 13,943 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense | Other expense | 17,312 | 9,572 | 31,013 | 19,160 | Other expense | 9,960 | 13,701 | ||||||||||||||||||||||||||||||||||||||||||||
Total other operating expense | Total other operating expense | 291,152 | 295,966 | 586,936 | 564,593 | Total other operating expense | 277,618 | 295,784 | ||||||||||||||||||||||||||||||||||||||||||||
Net income before taxes | Net income before taxes | 215,603 | 80,089 | 402,293 | 159,373 | Net income before taxes | 78,649 | 186,690 | ||||||||||||||||||||||||||||||||||||||||||||
Federal and state income taxes | Federal and state income taxes | 48,496 | 15,803 | 90,878 | 33,103 | Federal and state income taxes | 16,197 | 42,382 | ||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 167,107 | 64,286 | 311,415 | 126,270 | Net income | 62,452 | 144,308 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | 686 | (407) | (1,066) | (502) | ||||||||||||||||||||||||||||||||||||||||||||||||
Net loss attributable to non-controlling interests | Net loss attributable to non-controlling interests | (36) | (1,752) | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to BOK Financial Corporation shareholders | Net income attributable to BOK Financial Corporation shareholders | $ | 166,421 | $ | 64,693 | $ | 312,481 | $ | 126,772 | Net income attributable to BOK Financial Corporation shareholders | $ | 62,488 | $ | 146,060 | ||||||||||||||||||||||||||||||||||||||
Earnings per share: | Earnings per share: | Earnings per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Basic | Basic | $ | 2.40 | $ | 0.92 | $ | 4.50 | $ | 1.80 | Basic | $ | 0.91 | $ | 2.10 | ||||||||||||||||||||||||||||||||||||||
Diluted | Diluted | $ | 2.40 | $ | 0.92 | $ | 4.50 | $ | 1.80 | Diluted | $ | 0.91 | $ | 2.10 | ||||||||||||||||||||||||||||||||||||||
Average shares used in computation: | Average shares used in computation: | Average shares used in computation: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Basic | Basic | 68,815,666 | 69,876,043 | 68,975,743 | 69,999,865 | Basic | 67,812,400 | 69,137,375 | ||||||||||||||||||||||||||||||||||||||||||||
Diluted | Diluted | 68,817,442 | 69,877,467 | 68,978,798 | 70,003,817 | Diluted | 67,813,851 | 69,141,710 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends declared per share | Dividends declared per share | $ | 0.52 | $ | 0.51 | $ | 1.04 | $ | 1.02 | Dividends declared per share | $ | 0.53 | $ | 0.52 |
Consolidated Statements of Comprehensive Income (Unaudited) | ||||||||||||||||||||||||||
(In thousands, except share and per share data) | ||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||
March 31, | ||||||||||||||||||||||||||
2022 | 2021 | |||||||||||||||||||||||||
Net income | $ | 62,452 | $ | 144,308 | ||||||||||||||||||||||
Other comprehensive income (loss) before income taxes: | ||||||||||||||||||||||||||
Net change in unrealized gain (loss) | (639,041) | (150,131) | ||||||||||||||||||||||||
Reclassification adjustments included in earnings: | ||||||||||||||||||||||||||
Gain on available for sale securities, net | (937) | (467) | ||||||||||||||||||||||||
Other comprehensive loss before income taxes | (639,978) | (150,598) | ||||||||||||||||||||||||
Federal and state income taxes | (149,781) | (36,139) | ||||||||||||||||||||||||
Other comprehensive loss, net of income taxes | (490,197) | (114,459) | ||||||||||||||||||||||||
Comprehensive income (loss) | (427,745) | 29,849 | ||||||||||||||||||||||||
Comprehensive loss attributable to non-controlling interests | (36) | (1,752) | ||||||||||||||||||||||||
Comprehensive income (loss) attributable to BOK Financial Corp. shareholders | $ | (427,709) | $ | 31,601 |
Consolidated Statements of Comprehensive Income (Unaudited) | ||||||||||||||||||||||||||
(In thousands, except share and per share data) | ||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||
Net income | $ | 167,107 | $ | 64,286 | $ | 311,415 | $ | 126,270 | ||||||||||||||||||
Other comprehensive income (loss) before income taxes: | ||||||||||||||||||||||||||
Net change in unrealized gain (loss) | 8,480 | 56,922 | (141,651) | 354,765 | ||||||||||||||||||||||
Reclassification adjustments included in earnings: | ||||||||||||||||||||||||||
Gain on available for sale securities, net | (1,430) | (5,580) | (1,897) | (5,583) | ||||||||||||||||||||||
Other comprehensive income (loss) before income taxes | 7,050 | 51,342 | (143,548) | 349,182 | ||||||||||||||||||||||
Federal and state income taxes | 1,691 | 12,318 | (34,448) | 83,789 | ||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | 5,359 | 39,024 | (109,100) | 265,393 | ||||||||||||||||||||||
Comprehensive income | 172,466 | 103,310 | 202,315 | 391,663 | ||||||||||||||||||||||
Comprehensive income (loss) attributable to non-controlling interests | 686 | (407) | (1,066) | (502) | ||||||||||||||||||||||
Comprehensive income attributable to BOK Financial Corp. shareholders | $ | 171,780 | $ | 103,717 | $ | 203,381 | $ | 392,165 |
Mar. 31, 2022 | Dec. 31, 2021 | |||||||||||||||||||
(Unaudited) | (Footnote 1) | |||||||||||||||||||
Assets | ||||||||||||||||||||
Cash and due from banks | $ | 767,805 | $ | 712,067 | ||||||||||||||||
Interest-bearing cash and cash equivalents | 599,976 | 2,125,343 | ||||||||||||||||||
Trading securities | 4,891,096 | 9,136,813 | ||||||||||||||||||
Investment securities, net of allowance (fair value: March 31, 2022 – $191,235; December 31, 2021 – $231,395) | 183,824 | 210,444 | ||||||||||||||||||
Available for sale securities | 12,894,534 | 13,157,817 | ||||||||||||||||||
Fair value option securities | 185,003 | 43,770 | ||||||||||||||||||
Restricted equity securities | 77,389 | 83,113 | ||||||||||||||||||
Residential mortgage loans held for sale | 169,474 | 192,295 | ||||||||||||||||||
Loans | 20,674,429 | 20,205,680 | ||||||||||||||||||
Allowance for loan losses | (246,473) | (256,421) | ||||||||||||||||||
Loans, net of allowance | 20,427,956 | 19,949,259 | ||||||||||||||||||
Premises and equipment, net | 574,786 | 574,148 | ||||||||||||||||||
Receivables | 238,694 | 223,021 | ||||||||||||||||||
Goodwill | 1,044,749 | 1,044,749 | ||||||||||||||||||
Intangible assets, net | 87,761 | 91,778 | ||||||||||||||||||
Mortgage servicing rights | 209,563 | 163,198 | ||||||||||||||||||
Real estate and other repossessed assets, net of allowance (March 31, 2022 – $5,977; December 31, 2021 – $6,083) | 24,492 | 24,589 | ||||||||||||||||||
Derivative contracts, net | 2,680,207 | 1,097,297 | ||||||||||||||||||
Cash surrender value of bank-owned life insurance | 407,763 | 405,607 | ||||||||||||||||||
Receivable on unsettled securities sales | 229,404 | 56,172 | ||||||||||||||||||
Other assets | 1,132,031 | 957,951 | ||||||||||||||||||
Total assets | $ | 46,826,507 | $ | 50,249,431 | ||||||||||||||||
Liabilities and Equity | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Noninterest-bearing demand deposits | $ | 15,242,341 | $ | 15,344,423 | ||||||||||||||||
Interest-bearing deposits: | ||||||||||||||||||||
Transaction | 21,689,829 | 23,268,573 | ||||||||||||||||||
Savings | 979,365 | 924,735 | ||||||||||||||||||
Time | 1,514,416 | 1,704,328 | ||||||||||||||||||
Total deposits | 39,425,951 | 41,242,059 | ||||||||||||||||||
Funds purchased and repurchase agreements | 1,068,329 | 2,326,449 | ||||||||||||||||||
Other borrowings | 36,246 | 36,753 | ||||||||||||||||||
Subordinated debentures | 131,209 | 131,226 | ||||||||||||||||||
Accrued interest, taxes and expense | 238,048 | 273,041 | ||||||||||||||||||
Derivative contracts, net | 557,834 | 275,625 | ||||||||||||||||||
Due on unsettled securities purchases | 81,016 | 160,686 | ||||||||||||||||||
Other liabilities | 434,350 | 435,221 | ||||||||||||||||||
Total liabilities | 41,972,983 | 44,881,060 | ||||||||||||||||||
Shareholders' equity: | ||||||||||||||||||||
Common stock ($0.00006 par value; 2,500,000,000 shares authorized; shares issued and outstanding: March 31, 2022 – 76,412,230; December 31, 2021 – 76,254,029) | 5 | 5 | ||||||||||||||||||
Capital surplus | 1,381,666 | 1,378,794 | ||||||||||||||||||
Retained earnings | 4,473,884 | 4,447,691 | ||||||||||||||||||
Treasury stock (shares at cost: March 31, 2022 – 8,308,187; December 31, 2021 – 7,786,257) | (588,147) | (535,129) | ||||||||||||||||||
Accumulated other comprehensive gain (loss) | (417,826) | 72,371 | ||||||||||||||||||
Total shareholders’ equity | 4,849,582 | 5,363,732 | ||||||||||||||||||
Non-controlling interests | 3,942 | 4,639 | ||||||||||||||||||
Total equity | 4,853,524 | 5,368,371 | ||||||||||||||||||
Total liabilities and equity | $ | 46,826,507 | $ | 50,249,431 |
June 30, 2021 | Dec. 31, 2020 | |||||||||||||||||||
(Unaudited) | (Footnote 1) | |||||||||||||||||||
Assets | ||||||||||||||||||||
Cash and due from banks | $ | 678,998 | $ | 798,757 | ||||||||||||||||
Interest-bearing cash and cash equivalents | 580,457 | 381,816 | ||||||||||||||||||
Trading securities | 5,699,070 | 4,707,975 | ||||||||||||||||||
Investment securities, net of allowance (fair value: June 30, 2021 – $246,034; December 31, 2020 – $272,431) | 220,832 | 244,843 | ||||||||||||||||||
Available for sale securities | 13,317,922 | 13,050,665 | ||||||||||||||||||
Fair value option securities | 60,432 | 114,982 | ||||||||||||||||||
Restricted equity securities | 134,885 | 171,391 | ||||||||||||||||||
Residential mortgage loans held for sale | 200,842 | 252,316 | ||||||||||||||||||
Loans | 21,416,449 | 23,007,520 | ||||||||||||||||||
Allowance for loan losses | (311,890) | (388,640) | ||||||||||||||||||
Loans, net of allowance | 21,104,559 | 22,618,880 | ||||||||||||||||||
Premises and equipment, net | 556,400 | 551,308 | ||||||||||||||||||
Receivables | 195,763 | 245,880 | ||||||||||||||||||
Goodwill | 1,048,091 | 1,048,091 | ||||||||||||||||||
Intangible assets, net | 105,694 | 113,436 | ||||||||||||||||||
Mortgage servicing rights | 117,629 | 101,172 | ||||||||||||||||||
Real estate and other repossessed assets, net of allowance (June 30, 2021 – $18,662; December 31, 2020 – $15,060) | 57,337 | 90,526 | ||||||||||||||||||
Derivative contracts, net | 1,701,443 | 810,688 | ||||||||||||||||||
Cash surrender value of bank-owned life insurance | 401,163 | 398,758 | ||||||||||||||||||
Receivable on unsettled securities sales | 70,954 | 62,386 | ||||||||||||||||||
Other assets | 901,904 | 907,218 | ||||||||||||||||||
Total assets | $ | 47,154,375 | $ | 46,671,088 | ||||||||||||||||
Liabilities and Equity | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||
Noninterest-bearing demand deposits | $ | 13,380,409 | $ | 12,266,338 | ||||||||||||||||
Interest-bearing deposits: | ||||||||||||||||||||
Transaction | 21,278,719 | 21,158,422 | ||||||||||||||||||
Savings | 875,456 | 751,992 | ||||||||||||||||||
Time | 1,905,349 | 1,967,128 | ||||||||||||||||||
Total deposits | 37,439,933 | 36,143,880 | ||||||||||||||||||
Funds purchased and repurchase agreements | 730,183 | 1,662,386 | ||||||||||||||||||
Other borrowings | 1,546,231 | 1,882,970 | ||||||||||||||||||
Subordinated debentures | 276,043 | 276,005 | ||||||||||||||||||
Accrued interest, taxes and expense | 199,014 | 323,667 | ||||||||||||||||||
Derivative contracts, net | 612,261 | 405,779 | ||||||||||||||||||
Due on unsettled securities purchases | 576,536 | 257,627 | ||||||||||||||||||
Other liabilities | 419,623 | 427,213 | ||||||||||||||||||
Total liabilities | 41,799,824 | 41,379,527 | ||||||||||||||||||
Shareholders' equity: | ||||||||||||||||||||
Common stock ($0.00006 par value; 2,500,000,000 shares authorized; shares issued and outstanding: June 30, 2021 – 76,257,743; December 31, 2020 – 75,995,205) | 5 | 5 | ||||||||||||||||||
Capital surplus | 1,373,101 | 1,368,062 | ||||||||||||||||||
Retained earnings | 4,214,130 | 3,973,675 | ||||||||||||||||||
Treasury stock (shares at cost: June 30, 2021 – 7,179,285; December 31, 2020 – 6,357,605) | (481,027) | (411,344) | ||||||||||||||||||
Accumulated other comprehensive gain | 226,768 | 335,868 | ||||||||||||||||||
Total shareholders’ equity | 5,332,977 | 5,266,266 | ||||||||||||||||||
Non-controlling interests | 21,574 | 25,295 | ||||||||||||||||||
Total equity | 5,354,551 | 5,291,561 | ||||||||||||||||||
Total liabilities and equity | $ | 47,154,375 | $ | 46,671,088 |
Common Stock | Capital Surplus | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Shareholders’ Equity | Non- Controlling Interests | Total Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, December 31, 2021 | 76,254 | $ | 5 | $ | 1,378,794 | $ | 4,447,691 | 7,786 | $ | (535,129) | $ | 72,371 | $ | 5,363,732 | $ | 4,639 | $ | 5,368,371 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | 62,488 | — | — | — | 62,488 | (36) | 62,452 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | — | (490,197) | (490,197) | — | (490,197) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | 476 | (48,074) | — | (48,074) | — | (48,074) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options exercised | 1 | — | 37 | — | — | — | — | 37 | — | 37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | 157 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | 46 | (4,944) | — | (4,944) | — | (4,944) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | — | — | 2,835 | — | — | — | — | 2,835 | — | 2,835 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | (36,295) | — | — | — | (36,295) | — | (36,295) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | (661) | (661) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2022 | 76,412 | $ | 5 | $ | 1,381,666 | $ | 4,473,884 | 8,308 | $ | (588,147) | $ | (417,826) | $ | 4,849,582 | $ | 3,942 | $ | 4,853,524 | ||||||||||||||||||||||||||||||||||||||||||||
Balance, December 31, 2020 | 75,995 | $ | 5 | $ | 1,368,062 | $ | 3,973,675 | 6,358 | $ | (411,344) | $ | 335,868 | $ | 5,266,266 | $ | 25,295 | $ | 5,291,561 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | 146,060 | — | — | — | 146,060 | (1,752) | 144,308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | — | (114,459) | (114,459) | — | (114,459) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | 260 | (20,071) | — | (20,071) | — | (20,071) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options exercised | 17 | — | 949 | — | — | — | — | 949 | — | 949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | 232 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | 68 | (5,815) | — | (5,815) | — | (5,815) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | — | — | 2,724 | — | — | — | — | 2,724 | — | 2,724 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | (36,192) | — | — | — | (36,192) | — | (36,192) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | (661) | (661) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2021 | 76,244 | $ | 5 | $ | 1,371,735 | $ | 4,083,543 | 6,686 | $ | (437,230) | $ | 221,409 | $ | 5,239,462 | $ | 22,882 | $ | 5,262,344 | ||||||||||||||||||||||||||||||||||||||||||||
Common Stock | Capital Surplus | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Shareholders’ Equity | Non- Controlling Interests | Total Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2021 | 76,244 | $ | 5 | $ | 1,371,735 | $ | 4,083,543 | 6,686 | $ | (437,230) | $ | 221,409 | $ | 5,239,462 | $ | 22,882 | $ | 5,262,344 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | 166,421 | — | — | — | 166,421 | 686 | 167,107 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | — | 5,359 | 5,359 | — | 5,359 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | 493 | (43,797) | — | (43,797) | — | (43,797) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options exercised | 0 | — | 0 | — | — | — | — | 0 | — | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | 14 | — | 0 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | 0 | 0 | — | 0 | — | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | — | — | 1,366 | — | — | — | — | 1,366 | — | 1,366 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | (35,834) | — | — | — | (35,834) | — | (35,834) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | (1,994) | (1,994) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | 76,258 | $ | 5 | $ | 1,373,101 | $ | 4,214,130 | 7,179 | $ | (481,027) | $ | 226,768 | $ | 5,332,977 | $ | 21,574 | $ | 5,354,551 | ||||||||||||||||||||||||||||||||||||||||||||
Balance, December 31, 2020 | 75,995 | $ | 5 | $ | 1,368,062 | $ | 3,973,675 | 6,358 | $ | (411,344) | $ | 335,868 | $ | 5,266,266 | $ | 25,295 | $ | 5,291,561 | ||||||||||||||||||||||||||||||||||||||||||||
Net income | — | — | — | 312,481 | — | — | — | 312,481 | (1,066) | 311,415 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | — | (109,100) | (109,100) | — | (109,100) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | 753 | (63,868) | — | (63,868) | — | (63,868) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options exercised | 17 | — | 949 | — | — | — | — | 949 | — | 949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | 246 | — | 0 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | 68 | (5,815) | — | (5,815) | — | (5,815) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | — | — | 4,090 | — | — | — | — | 4,090 | — | 4,090 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | (72,026) | — | — | — | (72,026) | — | (72,026) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | (2,655) | (2,655) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | 76,258 | $ | 5 | $ | 1,373,101 | $ | 4,214,130 | 7,179 | $ | (481,027) | $ | 226,768 | $ | 5,332,977 | $ | 21,574 | $ | 5,354,551 | ||||||||||||||||||||||||||||||||||||||||||||
Common Stock | Capital Surplus | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Shareholders’ Equity | Non- Controlling Interests | Total Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2020 | 76,001 | $ | 5 | $ | 1,354,826 | $ | 3,709,019 | 5,692 | $ | (368,894) | $ | 331,292 | $ | 5,026,248 | $ | 7,912 | $ | 5,034,160 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | 64,693 | — | — | — | 64,693 | (407) | 64,286 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | — | 39,024 | 39,024 | — | 39,024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | 0 | 0 | — | 0 | — | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options exercised | 0 | — | 0 | — | — | — | — | 0 | — | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | (2) | — | 0 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | 1 | 0 | — | 0 | — | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | — | — | 2,880 | — | — | — | — | 2,880 | — | 2,880 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | (35,850) | — | — | — | (35,850) | — | (35,850) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | (77) | (77) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2020 | 75,999 | $ | 5 | $ | 1,357,706 | $ | 3,737,862 | 5,693 | $ | (368,894) | $ | 370,316 | $ | 5,096,995 | $ | 7,428 | $ | 5,104,423 | ||||||||||||||||||||||||||||||||||||||||||||
Balance, December 31, 2019 | 75,759 | $ | 5 | $ | 1,350,995 | $ | 3,729,778 | 5,179 | $ | (329,906) | $ | 104,923 | $ | 4,855,795 | $ | 8,124 | $ | 4,863,919 | ||||||||||||||||||||||||||||||||||||||||||||
Transition adjustment - CECL | — | — | — | (46,696) | — | — | — | (46,696) | — | (46,696) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, January 1, 2020, Adjusted | 75,759 | 5 | 1,350,995 | 3,683,082 | 5,179 | (329,906) | 104,923 | 4,809,099 | 8,124 | 4,817,223 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | 126,772 | — | — | — | 126,772 | (502) | 126,270 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | — | 265,393 | 265,393 | — | 265,393 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | 442 | (33,380) | — | (33,380) | — | (33,380) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options exercised | 10 | — | 586 | — | — | — | — | 586 | — | 586 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | 230 | — | 0 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | 72 | (5,608) | — | (5,608) | — | (5,608) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation | — | — | 6,125 | — | — | — | — | 6,125 | — | 6,125 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | (71,992) | — | — | — | (71,992) | — | (71,992) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | (194) | (194) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2020 | 75,999 | $ | 5 | $ | 1,357,706 | $ | 3,737,862 | 5,693 | $ | (368,894) | $ | 370,316 | $ | 5,096,995 | $ | 7,428 | $ | 5,104,423 |
Six Months Ended | Three Months Ended | |||||||||||||||||||||||||||
June 30, | March 31, | |||||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||
Cash Flows From Operating Activities: | Cash Flows From Operating Activities: | Cash Flows From Operating Activities: | ||||||||||||||||||||||||||
Net income | Net income | $ | 311,415 | $ | 126,270 | Net income | $ | 62,452 | $ | 144,308 | ||||||||||||||||||
Adjustments to reconcile net income to net cash provided used in operating activities: | ||||||||||||||||||||||||||||
Adjustments to reconcile net income to net cash provided (used in) operating activities: | Adjustments to reconcile net income to net cash provided (used in) operating activities: | |||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (60,000) | 229,092 | Provision for credit losses | — | (25,000) | ||||||||||||||||||||||
Change in fair value of mortgage servicing rights due to market assumption changes | Change in fair value of mortgage servicing rights due to market assumption changes | (20,833) | 89,241 | Change in fair value of mortgage servicing rights due to market assumption changes | (49,110) | (33,874) | ||||||||||||||||||||||
Change in the fair value of mortgage servicing rights due to principal payments | Change in the fair value of mortgage servicing rights due to principal payments | 22,143 | 17,779 | Change in the fair value of mortgage servicing rights due to principal payments | 7,960 | 11,961 | ||||||||||||||||||||||
Net unrealized (gains) losses from derivative contracts | Net unrealized (gains) losses from derivative contracts | 40,581 | (56,678) | Net unrealized (gains) losses from derivative contracts | (31,298) | 92,502 | ||||||||||||||||||||||
Share-based compensation | Share-based compensation | 4,090 | 6,125 | Share-based compensation | 2,835 | 2,724 | ||||||||||||||||||||||
Depreciation and amortization | Depreciation and amortization | 50,185 | 47,016 | Depreciation and amortization | 26,091 | 24,918 | ||||||||||||||||||||||
Net amortization of discounts and premiums | Net amortization of discounts and premiums | 9,607 | 7,199 | Net amortization of discounts and premiums | 3,216 | 4,853 | ||||||||||||||||||||||
Net losses (gains) on financial instruments and other losses (gains), net | Net losses (gains) on financial instruments and other losses (gains), net | (28,463) | (2,186) | Net losses (gains) on financial instruments and other losses (gains), net | 706 | (10,587) | ||||||||||||||||||||||
Net gain on mortgage loans held for sale | Net gain on mortgage loans held for sale | (41,611) | (42,411) | Net gain on mortgage loans held for sale | (1,056) | (19,045) | ||||||||||||||||||||||
Mortgage loans originated for sale | Mortgage loans originated for sale | (1,597,946) | (1,733,205) | Mortgage loans originated for sale | (418,866) | (843,053) | ||||||||||||||||||||||
Proceeds from sale of mortgage loans held for sale | Proceeds from sale of mortgage loans held for sale | 1,684,711 | 1,654,433 | Proceeds from sale of mortgage loans held for sale | 446,742 | 836,209 | ||||||||||||||||||||||
Capitalized mortgage servicing rights | Capitalized mortgage servicing rights | (17,767) | (13,906) | Capitalized mortgage servicing rights | (5,215) | (9,830) | ||||||||||||||||||||||
Change in trading and fair value option securities | Change in trading and fair value option securities | (936,759) | 801,215 | Change in trading and fair value option securities | 4,104,453 | (335,624) | ||||||||||||||||||||||
Change in receivables | Change in receivables | 60,286 | (724,486) | Change in receivables | (88,559) | 15,650 | ||||||||||||||||||||||
Change in other assets | Change in other assets | (16) | (29,352) | Change in other assets | (19,589) | (24,991) | ||||||||||||||||||||||
Change in other liabilities | Change in other liabilities | 32,611 | 410,314 | Change in other liabilities | (107,508) | (49,998) | ||||||||||||||||||||||
Net cash provided by (used in) operating activities | Net cash provided by (used in) operating activities | (487,766) | 786,460 | Net cash provided by (used in) operating activities | 3,933,254 | (218,877) | ||||||||||||||||||||||
Cash Flows From Investing Activities: | Cash Flows From Investing Activities: | Cash Flows From Investing Activities: | ||||||||||||||||||||||||||
Proceeds from maturities or redemptions of investment securities | Proceeds from maturities or redemptions of investment securities | 23,870 | 23,296 | Proceeds from maturities or redemptions of investment securities | 26,363 | 18,624 | ||||||||||||||||||||||
Proceeds from maturities or redemptions of available for sale securities | Proceeds from maturities or redemptions of available for sale securities | 1,782,153 | 1,070,585 | Proceeds from maturities or redemptions of available for sale securities | 723,730 | 877,257 | ||||||||||||||||||||||
Purchases of available for sale securities | Purchases of available for sale securities | (2,602,658) | (2,139,775) | Purchases of available for sale securities | (1,161,606) | (1,451,909) | ||||||||||||||||||||||
Proceeds from sales of available for sale securities | Proceeds from sales of available for sale securities | 394,146 | 205,945 | Proceeds from sales of available for sale securities | 55,185 | 56,037 | ||||||||||||||||||||||
Change in amount receivable on unsettled available for sale securities transactions | Change in amount receivable on unsettled available for sale securities transactions | (19,509) | (118,744) | Change in amount receivable on unsettled available for sale securities transactions | (99,944) | (26,130) | ||||||||||||||||||||||
Loans originated, net of principal collected | Loans originated, net of principal collected | 1,621,847 | (2,294,658) | Loans originated, net of principal collected | (460,128) | 498,667 | ||||||||||||||||||||||
Net payments on derivative asset contracts | Net payments on derivative asset contracts | (232,861) | (67,105) | Net payments on derivative asset contracts | 34,855 | (7,016) | ||||||||||||||||||||||
Net change in restricted equity securities | Net change in restricted equity securities | 36,506 | 334,869 | Net change in restricted equity securities | 5,724 | 31,777 | ||||||||||||||||||||||
Proceeds from disposition of assets | Proceeds from disposition of assets | 70,443 | 41,269 | Proceeds from disposition of assets | 9,708 | 43,739 | ||||||||||||||||||||||
Purchases of assets | Purchases of assets | (95,077) | (82,684) | Purchases of assets | (37,569) | (63,110) | ||||||||||||||||||||||
Net cash provided by (used in) investing activities | Net cash provided by (used in) investing activities | 978,860 | (3,027,002) | Net cash provided by (used in) investing activities | (903,682) | (22,064) | ||||||||||||||||||||||
Cash Flows From Financing Activities: | Cash Flows From Financing Activities: | Cash Flows From Financing Activities: | ||||||||||||||||||||||||||
Net change in demand deposits, transaction deposits and savings accounts | Net change in demand deposits, transaction deposits and savings accounts | 1,357,832 | 6,136,235 | Net change in demand deposits, transaction deposits and savings accounts | (1,626,196) | 1,671,518 | ||||||||||||||||||||||
Net change in time deposits | Net change in time deposits | (61,779) | 134,911 | Net change in time deposits | (189,912) | 37,228 | ||||||||||||||||||||||
Net change in other borrowed funds | Net change in other borrowed funds | (1,324,500) | (3,971,540) | Net change in other borrowed funds | (1,271,195) | (1,078,174) | ||||||||||||||||||||||
Net proceeds on derivative liability contracts | Net proceeds on derivative liability contracts | 234,074 | 60,851 | Net proceeds on derivative liability contracts | (30,779) | 8,437 | ||||||||||||||||||||||
Net change in derivative margin accounts | Net change in derivative margin accounts | (649,717) | (96,114) | Net change in derivative margin accounts | (1,274,645) | 2,995 | ||||||||||||||||||||||
Change in amount due on unsettled available for sale securities transactions | Change in amount due on unsettled available for sale securities transactions | 172,638 | 75,544 | Change in amount due on unsettled available for sale securities transactions | (17,198) | (101,311) | ||||||||||||||||||||||
Issuance of common and treasury stock, net | Issuance of common and treasury stock, net | (4,866) | (5,022) | Issuance of common and treasury stock, net | (4,907) | (4,866) | ||||||||||||||||||||||
Repurchase of common stock | Repurchase of common stock | (63,868) | (33,380) | Repurchase of common stock | (48,074) | (20,071) | ||||||||||||||||||||||
Dividends paid | Dividends paid | (72,026) | (71,992) | Dividends paid | (36,295) | (36,192) | ||||||||||||||||||||||
Net cash provided by (used in) financing activities | Net cash provided by (used in) financing activities | (412,212) | 2,229,493 | Net cash provided by (used in) financing activities | (4,499,201) | 479,564 | ||||||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | Net increase (decrease) in cash and cash equivalents | 78,882 | (11,049) | Net increase (decrease) in cash and cash equivalents | (1,469,629) | 238,623 | ||||||||||||||||||||||
Cash and cash equivalents at beginning of period | Cash and cash equivalents at beginning of period | 1,180,573 | 1,258,821 | Cash and cash equivalents at beginning of period | 2,837,410 | 1,180,573 | ||||||||||||||||||||||
Cash and cash equivalents at end of period | Cash and cash equivalents at end of period | $ | 1,259,455 | $ | 1,247,772 | Cash and cash equivalents at end of period | $ | 1,367,781 | $ | 1,419,196 | ||||||||||||||||||
Supplemental Cash Flow Information: | Supplemental Cash Flow Information: | Supplemental Cash Flow Information: | ||||||||||||||||||||||||||
Cash paid for interest | Cash paid for interest | $ | 32,161 | $ | 117,471 | Cash paid for interest | $ | 13,982 | $ | 16,743 | ||||||||||||||||||
Cash paid for taxes | Cash paid for taxes | $ | 96,994 | $ | 5,470 | Cash paid for taxes | $ | 858 | $ | 852 | ||||||||||||||||||
Net loans and bank premises transferred to repossessed real estate and other assets | Net loans and bank premises transferred to repossessed real estate and other assets | $ | 289 | $ | 19,556 | Net loans and bank premises transferred to repossessed real estate and other assets | $ | 64 | $ | 147 | ||||||||||||||||||
Residential mortgage loans guaranteed by U.S. government agencies that became eligible for repurchase during the period | Residential mortgage loans guaranteed by U.S. government agencies that became eligible for repurchase during the period | $ | 55,558 | $ | 157,300 | Residential mortgage loans guaranteed by U.S. government agencies that became eligible for repurchase during the period | $ | 12,568 | $ | 36,496 | ||||||||||||||||||
Conveyance of other real estate owned guaranteed by U.S. government agencies | Conveyance of other real estate owned guaranteed by U.S. government agencies | $ | 3,009 | $ | 6,255 | Conveyance of other real estate owned guaranteed by U.S. government agencies | $ | 1,812 | $ | 1,448 | ||||||||||||||||||
Right-of-use assets obtained in exchange for operating lease liabilities | Right-of-use assets obtained in exchange for operating lease liabilities | $ | 6,192 | $ | 9,151 | Right-of-use assets obtained in exchange for operating lease liabilities | $ | 9,241 | $ | 1,191 |
June 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | |||||||||||||||||||||||||||||||||||||||||||||
U.S. government securities | U.S. government securities | $ | 13,481 | $ | (1) | $ | 9,183 | $ | 0 | U.S. government securities | $ | 13,513 | $ | (10) | $ | 23,610 | $ | 40 | ||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 5,577,986 | (9,598) | 4,669,148 | (3,624) | Residential agency mortgage-backed securities | 4,827,504 | (135,438) | 9,068,900 | (9,338) | ||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 49,636 | (20) | 19,172 | 42 | Municipal securities | 24,539 | (478) | 25,783 | 34 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 57,967 | (25) | 10,472 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other trading securities | Other trading securities | 25,540 | (148) | 18,520 | (26) | |||||||||||||||||||||||||||||||||||||||||||||||
Total trading securities | Total trading securities | $ | 5,699,070 | $ | (9,644) | $ | 4,707,975 | $ | (3,560) | Total trading securities | $ | 4,891,096 | $ | (136,074) | $ | 9,136,813 | $ | (9,290) |
June 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized | Amortized | Fair | Gross Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | Cost | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | $ | 211,725 | $ | 235,697 | $ | 23,986 | $ | (14) | Municipal securities | $ | 177,683 | $ | 184,214 | $ | 7,155 | $ | (624) | ||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 7,863 | 8,601 | 738 | 0 | Residential agency mortgage-backed securities | 6,486 | 6,741 | 283 | (28) | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 1,737 | 1,736 | 0 | (1) | Other debt securities | 288 | 280 | — | (8) | ||||||||||||||||||||||||||||||||||||||||||
Total investment securities | Total investment securities | 221,325 | 246,034 | 24,724 | (15) | Total investment securities | 184,457 | 191,235 | 7,438 | (660) | ||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses | Allowance for credit losses | (493) | Allowance for credit losses | (633) | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities, net of allowance | Investment securities, net of allowance | $ | 220,832 | $ | 246,034 | $ | 24,724 | $ | (15) | Investment securities, net of allowance | $ | 183,824 | $ | 191,235 | $ | 7,438 | $ | (660) |
December 31, 2020 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized | Amortized | Fair | Gross Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | Cost | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | $ | 229,245 | $ | 255,270 | $ | 26,169 | $ | (144) | Municipal securities | $ | 203,772 | $ | 223,609 | $ | 19,851 | $ | (14) | ||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 8,913 | 9,790 | 877 | 0 | Residential agency mortgage-backed securities | 6,939 | 7,500 | 561 | — | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 7,373 | 7,371 | 0 | (2) | Other debt securities | 288 | 286 | — | (2) | ||||||||||||||||||||||||||||||||||||||||||
Total investment securities | Total investment securities | 245,531 | 272,431 | 27,046 | (146) | Total investment securities | 210,999 | 231,395 | 20,412 | (16) | ||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses | Allowance for credit losses | (688) | Allowance for credit losses | (555) | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities, net of allowance | Investment securities, net of allowance | $ | 244,843 | $ | 272,431 | $ | 27,046 | $ | (146) | Investment securities, net of allowance | $ | 210,444 | $ | 231,395 | $ | 20,412 | $ | (16) |
Less than One Year | One to Five Years | Six to Ten Years | Over Ten Years | Total | Weighted Average Maturity1 | Less than One Year | One to Five Years | Six to Ten Years | Over Ten Years | Total | Weighted Average Maturity1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed maturity debt securities: | Fixed maturity debt securities: | Fixed maturity debt securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | Amortized cost | $ | 24,344 | $ | 106,071 | $ | 76,287 | $ | 6,760 | $ | 213,462 | 4.81 | Amortized cost | $ | 14,901 | $ | 104,681 | $ | 52,359 | $ | 6,030 | $ | 177,971 | 4.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Fair value | 24,881 | 122,166 | 83,482 | 6,904 | 237,433 | Fair value | 15,080 | 110,636 | 52,834 | 5,944 | 184,494 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | Residential mortgage-backed securities: | Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | Amortized cost | $ | 7,863 | 2 | Amortized cost | $ | 6,486 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Fair value | 8,601 | Fair value | 6,741 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities: | Total investment securities: | Total investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | Amortized cost | $ | 221,325 | Amortized cost | $ | 184,457 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Fair value | 246,034 | Fair value | 191,235 |
June 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment: | Investment: | Investment: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 1 | $ | 0 | $ | 0 | $ | 587 | $ | 14 | $ | 587 | $ | 14 | Municipal securities | 35 | $ | 22,394 | $ | 566 | $ | 544 | $ | 58 | $ | 22,938 | $ | 624 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 1 | 1,534 | 28 | — | — | 1,534 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 2 | 275 | 1 | 0 | 0 | 275 | 1 | Other debt securities | 2 | 243 | 7 | 24 | 1 | 267 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities | Total investment securities | 3 | $ | 275 | $ | 1 | $ | 587 | $ | 14 | $ | 862 | $ | 15 | Total investment securities | 38 | $ | 24,171 | $ | 601 | $ | 568 | $ | 59 | $ | 24,739 | $ | 660 |
December 31, 2020 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment: | Investment: | Investment: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 6 | $ | 2,451 | $ | 40 | $ | 2,043 | $ | 104 | $ | 4,494 | $ | 144 | Municipal securities | 1 | $ | — | $ | — | $ | 587 | $ | 14 | $ | 587 | $ | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 2 | 250 | 1 | 25 | 1 | 275 | 2 | Other debt securities | 2 | 273 | 2 | — | — | 273 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities | Total investment securities | 8 | $ | 2,701 | $ | 41 | $ | 2,068 | $ | 105 | $ | 4,769 | $ | 146 | Total investment securities | 3 | $ | 273 | $ | 2 | $ | 587 | $ | 14 | $ | 860 | $ | 16 |
June 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized | Amortized | Fair | Gross Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | Cost | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | $ | 500 | $ | 504 | $ | 4 | $ | 0 | U.S. Treasury | $ | 1,000 | $ | 947 | $ | — | $ | (53) | ||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 387,257 | 386,509 | 1,798 | (2,546) | Municipal securities | 562,065 | 526,322 | 144 | (35,887) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | Mortgage-backed securities: | Mortgage-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency | Residential agency | 8,406,672 | 8,624,876 | 247,171 | (28,967) | Residential agency | 7,913,760 | 7,612,021 | 14,727 | (316,466) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential non-agency | Residential non-agency | 13,468 | 28,261 | 14,793 | 0 | Residential non-agency | 339,904 | 347,187 | 13,279 | (5,996) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial agency | Commercial agency | 4,212,258 | 4,277,301 | 75,310 | (10,267) | Commercial agency | 4,623,902 | 4,407,585 | 2,809 | (219,126) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 500 | 471 | 0 | (29) | Other debt securities | 500 | 472 | — | (28) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | $ | 13,020,655 | $ | 13,317,922 | $ | 339,076 | $ | (41,809) | Total available for sale securities | $ | 13,441,131 | $ | 12,894,534 | $ | 30,959 | $ | (577,556) |
December 31, 2020 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized | Amortized | Fair | Gross Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | Cost | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | $ | 500 | $ | 508 | $ | 8 | $ | 0 | U.S. Treasury | $ | 1,001 | $ | 1,000 | $ | — | $ | (1) | ||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 165,318 | 167,979 | 2,666 | (5) | Municipal securities | 515,551 | 508,365 | 1,302 | (8,488) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | Mortgage-backed securities: | Mortgage-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency | Residential agency | 9,019,013 | 9,340,471 | 328,183 | (6,725) | Residential agency | 7,908,587 | 8,006,616 | 155,477 | (57,448) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential non-agency | Residential non-agency | 17,563 | 32,770 | 15,207 | 0 | Residential non-agency | 10,625 | 24,339 | 13,714 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial agency | Commercial agency | 3,406,956 | 3,508,465 | 103,590 | (2,081) | Commercial agency | 4,628,172 | 4,617,025 | 36,868 | (48,015) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 500 | 472 | 0 | (28) | Other debt securities | 500 | 472 | — | (28) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | $ | 12,609,850 | $ | 13,050,665 | $ | 449,654 | $ | (8,839) | Total available for sale securities | $ | 13,064,436 | $ | 13,157,817 | $ | 207,361 | $ | (113,980) |
Less than One Year | One to Five Years | Six to Ten Years | Over Ten Years | Total | Weighted Average Maturity1 | Less than One Year | One to Five Years | Six to Ten Years | Over Ten Years | Total | Weighted Average Maturity1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed maturity debt securities: | Fixed maturity debt securities: | Fixed maturity debt securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | Amortized cost | $ | 85,688 | $ | 1,714,881 | $ | 2,116,584 | $ | 683,362 | $ | 4,600,515 | 7.82 | Amortized cost | $ | 48,510 | $ | 1,968,389 | $ | 2,683,456 | $ | 487,112 | $ | 5,187,467 | 6.59 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Fair value | 86,175 | 1,764,174 | 2,116,490 | 697,946 | 4,664,785 | Fair value | 48,612 | 1,911,239 | 2,507,611 | 467,864 | 4,935,326 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | Residential mortgage-backed securities: | Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | Amortized cost | $ | 8,420,140 | 2 | Amortized cost | $ | 8,253,664 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Fair value | 8,653,137 | Fair value | 7,959,208 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities: | Total available for sale securities: | Total available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | Amortized cost | $ | 13,020,655 | Amortized cost | $ | 13,441,131 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value | Fair value | 13,317,922 | Fair value | 12,894,534 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||
Proceeds | Proceeds | $ | 338,109 | $ | 179,051 | $ | 394,146 | $ | 205,945 | Proceeds | $ | 55,185 | $ | 56,037 | ||||||||||||||||||||||||||||||||
Gross realized gains | Gross realized gains | 1,767 | 5,580 | 2,240 | 5,583 | Gross realized gains | 1,933 | 473 | ||||||||||||||||||||||||||||||||||||||
Gross realized losses | Gross realized losses | (337) | 0 | (343) | 0 | Gross realized losses | (996) | (6) | ||||||||||||||||||||||||||||||||||||||
Related federal and state income tax expense (benefit) | 336 | 1,421 | 455 | 1,422 | ||||||||||||||||||||||||||||||||||||||||||
Related federal and state income tax expense | Related federal and state income tax expense | 219 | 119 |
June 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | Available for sale: | Available for sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | 1 | $ | 947 | $ | 53 | $ | — | $ | — | $ | 947 | $ | 53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 91 | $ | 260,980 | $ | 2,546 | $ | 0 | $ | 0 | $ | 260,980 | $ | 2,546 | Municipal securities | 202 | $ | 400,690 | $ | 26,297 | $ | 111,502 | $ | 9,590 | $ | 512,192 | $ | 35,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | Mortgage-backed securities: | Mortgage-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency | Residential agency | 88 | 2,508,370 | 27,595 | 190,052 | 1,372 | 2,698,422 | 28,967 | Residential agency | 508 | 5,127,508 | 191,126 | 1,412,323 | 125,340 | 6,539,831 | 316,466 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential non-agency | Residential non-agency | 15 | 304,149 | 5,996 | — | — | 304,149 | 5,996 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial agency | Commercial agency | 80 | 1,046,798 | 9,879 | 344,518 | 388 | 1,391,316 | 10,267 | Commercial agency | 238 | 2,988,497 | 177,409 | 773,363 | 41,717 | 3,761,860 | 219,126 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 1 | 0 | 0 | 471 | 29 | 471 | 29 | Other debt securities | 1 | — | — | 472 | 28 | 472 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | 260 | $ | 3,816,148 | $ | 40,020 | $ | 535,041 | $ | 1,789 | $ | 4,351,189 | $ | 41,809 | Total available for sale securities | 965 | $ | 8,821,791 | $ | 400,881 | $ | 2,297,660 | $ | 176,675 | $ | 11,119,451 | $ | 577,556 |
December 31, 2020 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | Available for sale: | Available for sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | 1 | $ | 1,000 | $ | 1 | $ | — | $ | — | $ | 1,000 | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 1 | $ | 6,166 | $ | 5 | $ | 0 | $ | 0 | $ | 6,166 | $ | 5 | Municipal securities | 175 | $ | 423,575 | $ | 7,762 | $ | 22,476 | $ | 726 | $ | 446,051 | $ | 8,488 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | Mortgage-backed securities: | Mortgage-backed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency | Residential agency | 38 | 786,890 | 6,605 | 160,747 | 120 | 947,637 | 6,725 | Residential agency | 120 | 2,382,094 | 37,121 | 750,044 | 20,327 | 3,132,138 | 57,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial agency | Commercial agency | 37 | 350,506 | 1,587 | 277,627 | 494 | 628,133 | 2,081 | Commercial agency | 165 | 2,104,689 | 35,488 | 703,216 | 12,527 | 2,807,905 | 48,015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 1 | 0 | 0 | 472 | 28 | 472 | 28 | Other debt securities | 1 | — | — | 472 | 28 | 472 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | 77 | $ | 1,143,562 | $ | 8,197 | $ | 438,846 | $ | 642 | $ | 1,582,408 | $ | 8,839 | Total available for sale securities | 462 | $ | 4,911,358 | $ | 80,372 | $ | 1,476,208 | $ | 33,608 | $ | 6,387,566 | $ | 113,980 |
June 30, 2021 | December 31, 2020 | |||||||||||||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | |||||||||||||||||||||||
Residential agency mortgage-backed securities | $ | 60,432 | $ | 2,596 | $ | 114,982 | $ | 4,463 | ||||||||||||||||||
March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | |||||||||||||||||||||||
Residential agency mortgage-backed securities | $ | 185,003 | $ | (4,017) | $ | 43,770 | $ | 1,591 | ||||||||||||||||||
Assets | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer risk management programs: | Customer risk management programs: | Customer risk management programs: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | $ | 2,983,763 | $ | 78,138 | $ | (6,342) | $ | 71,796 | $ | 0 | $ | 71,796 | Interest rate contracts | $ | 2,901,463 | $ | 69,287 | $ | (6,285) | $ | 63,002 | $ | (24,595) | $ | 38,407 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Energy contracts | Energy contracts | 5,049,908 | 1,206,874 | (215,206) | 991,668 | 0 | 991,668 | Energy contracts | 8,010,126 | 2,683,519 | (541,826) | 2,141,693 | (12,281) | 2,129,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural contracts | Agricultural contracts | 7,983 | 382 | (350) | 32 | 0 | 32 | Agricultural contracts | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | Foreign exchange contracts | 571,224 | 569,144 | 0 | 569,144 | (900) | 568,244 | Foreign exchange contracts | 180,648 | 179,024 | — | 179,024 | (715) | 178,309 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity option contracts | Equity option contracts | 59,014 | 1,418 | 0 | 1,418 | (300) | 1,118 | Equity option contracts | 39,984 | 896 | — | 896 | (300) | 596 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total customer risk management programs | Total customer risk management programs | 8,671,892 | 1,855,956 | (221,898) | 1,634,058 | (1,200) | 1,632,858 | Total customer risk management programs | 11,132,221 | 2,932,726 | (548,111) | 2,384,615 | (37,891) | 2,346,724 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading | Trading | 57,953,169 | 189,111 | (125,437) | 63,674 | (4,416) | 59,258 | Trading | 29,002,117 | 550,075 | (218,429) | 331,646 | (96) | 331,550 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Internal risk management programs | Internal risk management programs | 783,074 | 17,116 | (7,789) | 9,327 | 0 | 9,327 | Internal risk management programs | 200,000 | 1,933 | — | 1,933 | — | 1,933 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total derivative contracts | Total derivative contracts | $ | 67,408,135 | $ | 2,062,183 | $ | (355,124) | $ | 1,707,059 | $ | (5,616) | $ | 1,701,443 | Total derivative contracts | $ | 40,334,338 | $ | 3,484,734 | $ | (766,540) | $ | 2,718,194 | $ | (37,987) | $ | 2,680,207 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities | Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer risk management programs: | Customer risk management programs: | Customer risk management programs: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | $ | 2,983,763 | $ | 78,401 | $ | (6,342) | $ | 72,059 | $ | (65,484) | $ | 6,575 | Interest rate contracts | $ | 2,901,463 | $ | 69,334 | $ | (6,285) | $ | 63,049 | $ | (61) | $ | 62,988 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Energy contracts | Energy contracts | 5,051,395 | 1,205,095 | (215,206) | 989,889 | (975,704) | 14,185 | Energy contracts | 8,069,893 | 2,712,617 | (541,826) | 2,170,791 | (2,159,402) | 11,389 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural contracts | Agricultural contracts | 7,977 | 372 | (350) | 22 | (22) | 0 | Agricultural contracts | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | Foreign exchange contracts | 571,037 | 568,758 | 0 | 568,758 | (519) | 568,239 | Foreign exchange contracts | 179,447 | 177,609 | — | 177,609 | — | 177,609 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity option contracts | Equity option contracts | 59,014 | 1,418 | 0 | 1,418 | 0 | 1,418 | Equity option contracts | 39,984 | 896 | — | 896 | — | 896 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total customer risk management programs | Total customer risk management programs | 8,673,186 | 1,854,044 | (221,898) | 1,632,146 | (1,041,729) | 590,417 | Total customer risk management programs | 11,190,787 | 2,960,456 | (548,111) | 2,412,345 | (2,159,463) | 252,882 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading | Trading | 54,179,938 | 171,344 | (125,437) | 45,907 | (25,390) | 20,517 | Trading | 26,298,226 | 525,699 | (218,429) | 307,270 | (15,474) | 291,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Internal risk management programs | Internal risk management programs | 783,110 | 9,116 | (7,789) | 1,327 | 0 | 1,327 | Internal risk management programs | 394,216 | 13,156 | — | 13,156 | — | 13,156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total derivative contracts | Total derivative contracts | $ | 63,636,234 | $ | 2,034,504 | $ | (355,124) | $ | 1,679,380 | $ | (1,067,119) | $ | 612,261 | Total derivative contracts | $ | 37,883,229 | $ | 3,499,311 | $ | (766,540) | $ | 2,732,771 | $ | (2,174,937) | $ | 557,834 |
Assets | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional 1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | Notional 1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer risk management programs: | Customer risk management programs: | Customer risk management programs: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | $ | 3,212,469 | $ | 113,524 | $ | (144) | $ | 113,380 | $ | 0 | $ | 113,380 | Interest rate contracts | $ | 2,614,162 | $ | 53,881 | $ | (10,101) | $ | 43,780 | $ | — | $ | 43,780 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Energy contracts | Energy contracts | 3,791,565 | 386,008 | (211,468) | 174,540 | 0 | 174,540 | Energy contracts | 6,360,095 | 1,168,363 | (375,624) | 792,739 | — | 792,739 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural contracts | Agricultural contracts | 14,765 | 3,859 | 0 | 3,859 | 0 | 3,859 | Agricultural contracts | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | Foreign exchange contracts | 337,001 | 332,257 | 0 | 332,257 | (420) | 331,837 | Foreign exchange contracts | 216,272 | 215,148 | — | 215,148 | — | 215,148 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity option contracts | Equity option contracts | 70,199 | 1,222 | 0 | 1,222 | (285) | 937 | Equity option contracts | 42,136 | 755 | — | 755 | (242) | 513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total customer risk management programs | Total customer risk management programs | 7,425,999 | 836,870 | (211,612) | 625,258 | (705) | 624,553 | Total customer risk management programs | 9,232,665 | 1,438,147 | (385,725) | 1,052,422 | (242) | 1,052,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading | Trading | 84,997,593 | 440,627 | (240,655) | 199,972 | (26,958) | 173,014 | Trading | 35,592,751 | 139,694 | (104,326) | 35,368 | (721) | 34,647 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Internal risk management programs | Internal risk management programs | 995,123 | 17,352 | (4,231) | 13,121 | 0 | 13,121 | Internal risk management programs | 869,506 | 10,687 | (217) | 10,470 | — | 10,470 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total derivative contracts | Total derivative contracts | $ | 93,418,715 | $ | 1,294,849 | $ | (456,498) | $ | 838,351 | $ | (27,663) | $ | 810,688 | Total derivative contracts | $ | 45,694,922 | $ | 1,588,528 | $ | (490,268) | $ | 1,098,260 | $ | (963) | $ | 1,097,297 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities | Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional 1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | Notional 1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer risk management programs: | Customer risk management programs: | Customer risk management programs: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | $ | 3,212,469 | $ | 113,900 | $ | (144) | $ | 113,756 | $ | (104,202) | $ | 9,554 | Interest rate contracts | $ | 2,614,162 | $ | 54,062 | $ | (10,101) | $ | 43,961 | $ | (33,870) | $ | 10,091 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Energy contracts | Energy contracts | 3,617,678 | 361,334 | (211,468) | 149,866 | (114,070) | 35,796 | Energy contracts | 6,480,840 | 1,210,946 | (375,624) | 835,322 | (803,102) | 32,220 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural contracts | Agricultural contracts | 14,781 | 3,844 | 0 | 3,844 | (3,844) | 0 | Agricultural contracts | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | Foreign exchange contracts | 336,223 | 331,035 | 0 | 331,035 | (1,165) | 329,870 | Foreign exchange contracts | 208,381 | 207,119 | — | 207,119 | (447) | 206,672 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity option contracts | Equity option contracts | 70,199 | 1,222 | 0 | 1,222 | 0 | 1,222 | Equity option contracts | 42,136 | 755 | — | 755 | — | 755 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total customer risk management programs | Total customer risk management programs | 7,251,350 | 811,335 | (211,612) | 599,723 | (223,281) | 376,442 | Total customer risk management programs | 9,345,519 | 1,472,882 | (385,725) | 1,087,157 | (837,419) | 249,738 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading | Trading | 88,929,916 | 414,801 | (240,655) | 174,146 | (145,692) | 28,454 | Trading | 41,285,649 | 152,947 | (104,326) | 48,621 | (24,074) | 24,547 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Internal risk management programs | Internal risk management programs | 145,256 | 5,529 | (4,231) | 1,298 | (415) | 883 | Internal risk management programs | 298,832 | 1,557 | (217) | 1,340 | — | 1,340 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total derivative contracts | Total derivative contracts | $ | 96,326,522 | $ | 1,231,665 | $ | (456,498) | $ | 775,167 | $ | (369,388) | $ | 405,779 | Total derivative contracts | $ | 50,930,000 | $ | 1,627,386 | $ | (490,268) | $ | 1,137,118 | $ | (861,493) | $ | 275,625 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | June 30, 2020 | March 31, 2022 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Brokerage and Trading Revenue | Gain (Loss) on Derivatives, Net | Brokerage and Trading Revenue | Gain (Loss) on Derivatives, Net | Brokerage and Trading Revenue | Gain (Loss) on Derivatives, Net | Brokerage and Trading Revenue | Gain (Loss) on Derivatives, Net | |||||||||||||||||||||||||||||||||||||||||||||
Customer risk management programs: | Customer risk management programs: | Customer risk management programs: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | $ | 1,016 | $ | 0 | $ | 746 | $ | 0 | Interest rate contracts | $ | 6,342 | $ | — | $ | 1,388 | $ | — | ||||||||||||||||||||||||||||||||||
Energy contracts | Energy contracts | 594 | 0 | 5,383 | 0 | Energy contracts | 4,449 | — | 1,020 | — | ||||||||||||||||||||||||||||||||||||||||||
Agricultural contracts | Agricultural contracts | 10 | 0 | 6 | 0 | Agricultural contracts | — | — | 18 | — | ||||||||||||||||||||||||||||||||||||||||||
Foreign exchange contracts | Foreign exchange contracts | 185 | 0 | 107 | 0 | Foreign exchange contracts | 148 | — | 166 | — | ||||||||||||||||||||||||||||||||||||||||||
Equity option contracts | Equity option contracts | 0 | 0 | 0 | 0 | Equity option contracts | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Total customer risk management programs | Total customer risk management programs | 1,805 | 0 | 6,242 | 0 | Total customer risk management programs | 10,939 | — | 2,592 | — | ||||||||||||||||||||||||||||||||||||||||||
Trading1 | Trading1 | 59,331 | 0 | 32,577 | 0 | Trading1 | 31,074 | — | (71,259) | — | ||||||||||||||||||||||||||||||||||||||||||
Internal risk management programs | Internal risk management programs | 0 | 18,820 | 0 | 21,885 | Internal risk management programs | — | (46,981) | — | (27,650) | ||||||||||||||||||||||||||||||||||||||||||
Total derivative contracts | Total derivative contracts | $ | 61,136 | $ | 18,820 | $ | 38,819 | $ | 21,885 | Total derivative contracts | $ | 42,013 | $ | (46,981) | $ | (68,667) | $ | (27,650) |
Six Months Ended | ||||||||||||||||||||||||||
June 30, 2021 | June 30, 2020 | |||||||||||||||||||||||||
Brokerage and Trading Revenue | Gain (Loss) on Derivatives, Net | Brokerage and Trading Revenue | Gain (Loss) on Derivatives, Net | |||||||||||||||||||||||
Customer risk management programs: | ||||||||||||||||||||||||||
Interest rate contracts | 2,404 | 0 | 1,688 | 0 | ||||||||||||||||||||||
Energy contracts | 1,614 | 0 | 7,390 | 0 | ||||||||||||||||||||||
Agricultural contracts | 28 | 0 | 21 | 0 | ||||||||||||||||||||||
Foreign exchange contracts | 351 | 0 | 365 | 0 | ||||||||||||||||||||||
Equity option contracts | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Total customer risk management programs | 4,397 | 0 | 9,464 | 0 | ||||||||||||||||||||||
Trading1 | (11,928) | 0 | (8,078) | 0 | ||||||||||||||||||||||
Internal risk management programs | 0 | (8,830) | 0 | 40,305 | ||||||||||||||||||||||
Total derivative contracts | $ | (7,531) | $ | (8,830) | $ | 1,386 | $ | 40,305 |
June 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Rate | Variable Rate | Non-accrual | Total | Fixed Rate | Variable Rate | Non-accrual | Total | Fixed Rate | Variable Rate | Non-accrual | Total | Fixed Rate | Variable Rate | Non-accrual | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | $ | 3,277,687 | $ | 9,082,616 | $ | 112,604 | $ | 12,472,907 | $ | 3,174,203 | $ | 9,736,173 | $ | 167,159 | $ | 13,077,535 | Commercial | $ | 3,343,185 | $ | 9,479,667 | $ | 60,337 | $ | 12,883,189 | $ | 3,360,117 | $ | 9,072,244 | $ | 74,104 | $ | 12,506,465 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 1,028,432 | 3,192,437 | 26,123 | 4,246,992 | 1,047,486 | 3,623,806 | 27,246 | 4,698,538 | Commercial real estate | 924,332 | 3,160,635 | 15,989 | 4,100,956 | 929,015 | 2,888,048 | 14,262 | 3,831,325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 1,121,583 | 0 | 0 | 1,121,583 | 1,682,310 | 0 | 0 | 1,682,310 | Paycheck protection program | 137,365 | — | — | 137,365 | 276,341 | — | — | 276,341 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 2,133,502 | 1,400,556 | 40,909 | 3,574,967 | 2,174,874 | 1,333,975 | 40,288 | 3,549,137 | Loans to individuals | 2,006,029 | 1,498,970 | 47,920 | 3,552,919 | 2,037,792 | 1,508,064 | 45,693 | 3,591,549 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 7,561,204 | $ | 13,675,609 | $ | 179,636 | $ | 21,416,449 | $ | 8,078,873 | $ | 14,693,954 | $ | 234,693 | $ | 23,007,520 | Total | $ | 6,410,911 | $ | 14,139,272 | $ | 124,246 | $ | 20,674,429 | $ | 6,603,265 | $ | 13,468,356 | $ | 134,059 | $ | 20,205,680 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Paycheck Protection Program | Loans to Individuals | Nonspecific Allowance | Total | Commercial | Commercial Real Estate | Paycheck Protection Program | Loans to Individuals | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses: | Allowance for loan losses: | Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 231,372 | $ | 81,746 | $ | 0 | $ | 39,284 | $ | 0 | $ | 352,402 | Beginning balance | $ | 162,056 | $ | 58,553 | $ | — | $ | 35,812 | $ | 256,421 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | Provision for loan losses | (18,442) | (10,582) | 0 | 3,960 | 0 | (25,064) | Provision for loan losses | (5,118) | 468 | — | 683 | (3,967) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans charged off | Loans charged off | (16,502) | (800) | 0 | (1,002) | 0 | (18,304) | Loans charged off | (6,081) | (191) | — | (1,533) | (7,805) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries of loans previously charged off | Recoveries of loans previously charged off | 1,875 | 176 | 0 | 805 | 0 | 2,856 | Recoveries of loans previously charged off | 591 | 144 | — | 1,089 | 1,824 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance | Ending Balance | $ | 198,303 | $ | 70,540 | $ | 0 | $ | 43,047 | 0 | $ | 311,890 | Ending Balance | $ | 151,448 | $ | 58,974 | $ | — | $ | 36,051 | $ | 246,473 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for off-balance sheet credit risk from unfunded loan commitments: | Allowance for off-balance sheet credit risk from unfunded loan commitments: | Allowance for off-balance sheet credit risk from unfunded loan commitments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 12,736 | $ | 18,298 | $ | 0 | $ | 1,843 | $ | 0 | $ | 32,877 | Beginning balance | $ | 13,812 | $ | 17,442 | $ | — | $ | 1,723 | $ | 32,977 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for off-balance sheet credit risk | Provision for off-balance sheet credit risk | (2,642) | (5,950) | 0 | 2 | 0 | (8,590) | Provision for off-balance sheet credit risk | 154 | 3,023 | — | 91 | 3,268 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance | Ending Balance | $ | 10,094 | $ | 12,348 | $ | 0 | $ | 1,845 | $ | 0 | $ | 24,287 | Ending Balance | $ | 13,966 | $ | 20,465 | $ | — | $ | 1,814 | $ | 36,245 |
Six Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Paycheck Protection Program | Loans to Individuals | Nonspecific Allowance | Total | Commercial | Commercial Real Estate | Paycheck Protection Program | Loans to Individuals | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses: | Allowance for loan losses: | Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 254,934 | $ | 86,558 | $ | 0 | $ | 47,148 | $ | 0 | $ | 388,640 | Beginning balance | $ | 254,934 | $ | 86,558 | $ | — | $ | 47,148 | $ | 388,640 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | Provision for loan losses | (28,335) | (15,161) | 0 | (3,338) | 0 | (46,834) | Provision for loan losses | (9,893) | (4,579) | — | (7,298) | (21,770) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans charged off | Loans charged off | (31,847) | (1,063) | 0 | (2,299) | 0 | (35,209) | Loans charged off | (15,345) | (263) | — | (1,297) | (16,905) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 3,551 | 206 | 0 | 1,536 | 0 | 5,293 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 198,303 | $ | 70,540 | $ | 0 | $ | 43,047 | $ | 0 | $ | 311,890 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries of loans previously charged off | Recoveries of loans previously charged off | 1,676 | 30 | — | 731 | 2,437 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance | Ending Balance | $ | 231,372 | $ | 81,746 | $ | — | $ | 39,284 | $ | 352,402 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for off-balance sheet credit risk from unfunded loan commitments: | Allowance for off-balance sheet credit risk from unfunded loan commitments: | Allowance for off-balance sheet credit risk from unfunded loan commitments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 14,422 | $ | 20,571 | $ | 0 | $ | 1,928 | $ | 0 | $ | 36,921 | Beginning balance | $ | 14,422 | $ | 20,571 | $ | — | $ | 1,928 | $ | 36,921 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Transition adjustment | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance, adjusted | 14,422 | 20,571 | 0 | 1,928 | 0 | 36,921 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for off-balance sheet credit losses | (4,328) | (8,223) | 0 | (83) | 0 | (12,634) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 10,094 | $ | 12,348 | $ | 0 | $ | 1,845 | $ | 0 | $ | 24,287 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for off-balance sheet credit risk | Provision for off-balance sheet credit risk | (1,686) | (2,273) | — | (85) | (4,044) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance | Ending Balance | $ | 12,736 | $ | 18,298 | $ | — | $ | 1,843 | $ | 32,877 |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||
June 30, 2020 | ||||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Paycheck Protection Program | Loans to Individuals | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 213,438 | $ | 51,461 | $ | 0 | $ | 50,412 | $ | 0 | $ | 315,311 | ||||||||||||||||||||||||||
Provision for loan losses | 111,153 | 17,221 | 0 | 5,991 | 0 | 134,365 | ||||||||||||||||||||||||||||||||
Loans charged off | (14,487) | (1) | 0 | (1,082) | 0 | (15,570) | ||||||||||||||||||||||||||||||||
Recoveries of loans previously charged off | 318 | 75 | 0 | 1,098 | 0 | 1,491 | ||||||||||||||||||||||||||||||||
Ending Balance | $ | 310,422 | $ | 68,756 | $ | 0 | $ | 56,419 | 0 | $ | 435,597 | |||||||||||||||||||||||||||
Allowance for off-balance sheet credit risk from unfunded loan commitments: | ||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 14,040 | $ | 12,575 | $ | 0 | $ | 1,899 | $ | 0 | $ | 28,514 | ||||||||||||||||||||||||||
Transition adjustment | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||
Beginning balance, adjusted | 14,040 | 12,575 | 0 | 1,899 | 0 | 28,514 | ||||||||||||||||||||||||||||||||
Provision for off-balance sheet credit risk | 542 | 3,844 | 0 | 19 | 0 | 4,405 | ||||||||||||||||||||||||||||||||
Ending Balance | $ | 14,582 | $ | 16,419 | $ | 0 | $ | 1,918 | 0 | $ | 32,919 |
Six Months Ended | ||||||||||||||||||||||||||||||||||||||
June 30, 2020 | ||||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Paycheck Protection Program | Loans to Individuals | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 118,187 | $ | 51,805 | $ | 0 | $ | 23,572 | $ | 17,195 | $ | 210,759 | ||||||||||||||||||||||||||
Transition adjustment | 33,681 | (4,620) | 0 | 13,943 | (17,195) | 25,809 | ||||||||||||||||||||||||||||||||
Beginning balance, adjusted | 151,868 | 47,185 | 0 | 37,515 | 0 | 236,568 | ||||||||||||||||||||||||||||||||
Provision for loan losses | 188,876 | 22,336 | 0 | 19,117 | 0 | 230,329 | ||||||||||||||||||||||||||||||||
Loans charged off | (31,102) | (887) | 0 | (2,498) | 0 | (34,487) | ||||||||||||||||||||||||||||||||
Recoveries of loans previously charged off | 780 | 122 | 0 | 2,285 | 0 | 3,187 | ||||||||||||||||||||||||||||||||
Ending Balance | $ | 310,422 | $ | 68,756 | $ | 0 | $ | 56,419 | 0 | $ | 435,597 | |||||||||||||||||||||||||||
Allowance for off-balance sheet credit risk from unfunded loan commitments: | ||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,434 | $ | 107 | $ | 0 | $ | 44 | $ | 0 | $ | 1,585 | ||||||||||||||||||||||||||
Transition adjustment | 10,144 | 11,660 | 0 | 1,748 | 0 | 23,552 | ||||||||||||||||||||||||||||||||
Beginning balance, adjusted | 11,578 | 11,767 | 0 | 1,792 | 0 | 25,137 | ||||||||||||||||||||||||||||||||
Provision for off-balance sheet credit risk | 3,004 | 4,652 | 0 | 126 | 0 | 7,782 | ||||||||||||||||||||||||||||||||
Ending Balance | $ | 14,582 | $ | 16,419 | $ | 0 | $ | 1,918 | 0 | $ | 32,919 |
Collectively Measured for General Allowances | Individually Measured for Specific Allowances | Total | ||||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | |||||||||||||||||||||||||||||||||
Commercial | $ | 12,360,303 | $ | 188,227 | $ | 112,604 | $ | 10,076 | $ | 12,472,907 | $ | 198,303 | ||||||||||||||||||||||||||
Commercial real estate | 4,220,869 | 66,841 | 26,123 | 3,699 | 4,246,992 | 70,540 | ||||||||||||||||||||||||||||||||
Paycheck protection program | 1,121,583 | 0 | 0 | 0 | 1,121,583 | 0 | ||||||||||||||||||||||||||||||||
Loans to individuals | 3,534,058 | 43,047 | 40,909 | 0 | 3,574,967 | 43,047 | ||||||||||||||||||||||||||||||||
Total | $ | 21,236,813 | $ | 298,115 | $ | 179,636 | $ | 13,775 | $ | 21,416,449 | $ | 311,890 |
Collectively Measured for General Allowances | Individually Measured for Specific Allowances | Total | ||||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | |||||||||||||||||||||||||||||||||
Commercial | $ | 12,822,852 | $ | 149,095 | $ | 60,337 | $ | 2,353 | $ | 12,883,189 | $ | 151,448 | ||||||||||||||||||||||||||
Commercial real estate | 4,084,967 | 58,039 | 15,989 | 935 | 4,100,956 | 58,974 | ||||||||||||||||||||||||||||||||
Paycheck protection program | 137,365 | — | — | — | 137,365 | — | ||||||||||||||||||||||||||||||||
Loans to individuals | 3,504,999 | 36,051 | 47,920 | — | 3,552,919 | 36,051 | ||||||||||||||||||||||||||||||||
Total | $ | 20,550,183 | $ | 243,185 | $ | 124,246 | $ | 3,288 | $ | 20,674,429 | $ | 246,473 |
Collectively Measured for General Allowances | Individually Measured for Specific Allowances | Total | Collectively Measured for General Allowances | Individually Measured for Specific Allowances | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | $ | 12,910,376 | $ | 235,882 | $ | 167,159 | $ | 19,052 | $ | 13,077,535 | $ | 254,934 | Commercial | $ | 12,432,361 | $ | 158,063 | $ | 74,104 | $ | 3,993 | $ | 12,506,465 | $ | 162,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 4,671,292 | 83,169 | 27,246 | 3,389 | 4,698,538 | 86,558 | Commercial real estate | 3,817,063 | 56,204 | 14,262 | 2,349 | 3,831,325 | 58,553 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 1,682,310 | 0 | 0 | 0 | 1,682,310 | 0 | Paycheck protection program | 276,341 | — | — | — | 276,341 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 3,508,849 | 47,148 | 40,288 | 0 | 3,549,137 | 47,148 | Loans to individuals | 3,545,856 | 35,812 | 45,693 | — | 3,591,549 | 35,812 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 22,772,827 | $ | 366,199 | $ | 234,693 | $ | 22,441 | $ | 23,007,520 | $ | 388,640 | Total | $ | 20,071,621 | $ | 250,079 | $ | 134,059 | $ | 6,342 | $ | 20,205,680 | $ | 256,421 |
Origination Year | Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | |||||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 72,827 | $ | 57,881 | $ | 37,638 | $ | 72,773 | $ | 5,221 | $ | 8,948 | $ | 2,431,488 | $ | 0 | $ | 2,686,776 | Pass | $ | 102,694 | $ | 156,167 | $ | 48,775 | $ | 15,678 | $ | 11,925 | $ | 8,450 | $ | 2,753,419 | $ | — | $ | 3,097,108 | ||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 21,947 | 0 | 21,947 | Special Mention | — | 551 | 642 | — | — | — | 1,090 | — | 2,283 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 24,000 | 1,275 | 1,219 | 0 | 10,843 | 194,930 | 0 | 232,267 | Accruing Substandard | — | — | — | 1,139 | 693 | 705 | 60,863 | 9,900 | 73,300 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 20,911 | 2,404 | 0 | 0 | 11,238 | 35,788 | 0 | 70,341 | Nonaccrual | — | — | 19,404 | — | — | 602 | 4,970 | — | 24,976 | ||||||||||||||||||||||||||||||||||||||
Total energy | Total energy | 72,827 | 102,792 | 41,317 | 73,992 | 5,221 | 31,029 | 2,684,153 | 0 | 3,011,331 | Total energy | 102,694 | 156,718 | 68,821 | 16,817 | 12,618 | 9,757 | 2,820,342 | 9,900 | 3,197,667 | ||||||||||||||||||||||||||||||||||||||
Healthcare | Healthcare | Healthcare | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 296,227 | 569,385 | 613,579 | 569,118 | 380,741 | 756,261 | 149,129 | 0 | 3,334,440 | Pass | 140,071 | 574,892 | 549,379 | 514,779 | 483,909 | 933,344 | 168,255 | 24 | 3,364,653 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 6,646 | 0 | 346 | 4 | 0 | 6,996 | Special Mention | — | 6,787 | — | 15,417 | — | 5,712 | 5 | — | 27,921 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 0 | 27,444 | 871 | 0 | 10,983 | 0 | 0 | 39,298 | Accruing Substandard | — | — | — | 26,973 | — | 7,109 | — | — | 34,082 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 0 | 18 | 0 | 0 | 0 | 509 | 0 | 527 | Nonaccrual | — | — | — | — | 6,542 | 8,534 | — | — | 15,076 | ||||||||||||||||||||||||||||||||||||||
Total healthcare | Total healthcare | 296,227 | 569,385 | 641,041 | 576,635 | 380,741 | 767,590 | 149,642 | 0 | 3,381,261 | Total healthcare | 140,071 | 581,679 | 549,379 | 557,169 | 490,451 | 954,699 | 168,260 | 24 | 3,441,732 | ||||||||||||||||||||||||||||||||||||||
Services | Services | Services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 334,227 | 521,732 | 363,415 | 322,526 | 271,369 | 921,002 | 537,942 | 550 | 3,272,763 | Pass | 54,992 | 634,506 | 361,724 | 266,054 | 246,336 | 933,399 | 779,824 | 567 | 3,277,402 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 222 | 126 | 1,752 | 90 | 3,279 | 11,247 | 1,370 | 0 | 18,086 | Special Mention | — | 415 | 6,326 | 1,989 | 1,006 | 95 | 22,419 | 182 | 32,432 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 39 | 412 | 10,869 | 16,505 | 1,891 | 9,053 | 30,225 | 0 | 68,994 | Accruing Substandard | — | 10 | 499 | 4,002 | 10,579 | 2,990 | 7,046 | — | 25,126 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 4,631 | 447 | 758 | 16,950 | 6,445 | 682 | 0 | 29,913 | Nonaccrual | — | — | — | — | — | 16,145 | 390 | — | 16,535 | ||||||||||||||||||||||||||||||||||||||
Total services | Total services | 334,488 | 526,901 | 376,483 | 339,879 | 293,489 | 947,747 | 570,219 | 550 | 3,389,756 | Total services | 54,992 | 634,931 | 368,549 | 272,045 | 257,921 | 952,629 | 809,679 | 749 | 3,351,495 | ||||||||||||||||||||||||||||||||||||||
General business | General business | General business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 318,504 | 313,185 | 332,890 | 221,590 | 197,124 | 267,409 | 975,933 | 2,081 | 2,628,716 | Pass | 209,407 | 547,777 | 220,861 | 250,546 | 167,570 | 356,548 | 1,102,054 | 1,981 | 2,856,744 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 818 | 259 | 2,719 | 134 | 4,010 | 1,026 | 7,275 | 0 | 16,241 | Special Mention | — | — | 137 | — | 1,374 | 2,975 | 8,100 | — | 12,586 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 2,088 | 2,802 | 9,119 | 8,628 | 7,329 | 3,705 | 108 | 33,779 | Accruing Substandard | — | 215 | 957 | 1,139 | 5,673 | 9,231 | 2,000 | — | 19,215 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 1,659 | 1,790 | 5,834 | 1,417 | 547 | 547 | 29 | 11,823 | Nonaccrual | — | — | 1,111 | 799 | 1,004 | 24 | 800 | 12 | 3,750 | ||||||||||||||||||||||||||||||||||||||
Total general business | Total general business | 319,322 | 317,191 | 340,201 | 236,677 | 211,179 | 276,311 | 987,460 | 2,218 | 2,690,559 | Total general business | 209,407 | 547,992 | 223,066 | 252,484 | 175,621 | 368,778 | 1,112,954 | 1,993 | 2,892,295 | ||||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 1,022,864 | 1,516,269 | 1,399,042 | 1,227,183 | 890,630 | 2,022,677 | 4,391,474 | 2,768 | 12,472,907 | Total commercial | 507,164 | 1,921,320 | 1,209,815 | 1,098,515 | 936,611 | 2,285,863 | 4,911,235 | 12,666 | 12,883,189 | ||||||||||||||||||||||||||||||||||||||
Commercial real estate: | Commercial real estate: | Commercial real estate: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 193,724 | 796,606 | 1,169,633 | 590,116 | 362,500 | 923,860 | 151,418 | 36 | 4,187,893 | Pass | 279,254 | 921,473 | 695,399 | 826,150 | 398,633 | 820,481 | 107,780 | 25 | 4,049,195 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 3,184 | 14,052 | 6,830 | 0 | 0 | 24,066 | Special Mention | — | — | — | — | — | 18,942 | — | — | 18,942 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 0 | 0 | 0 | 4,467 | 4,416 | 27 | 0 | 8,910 | Accruing Substandard | — | — | — | — | 13,501 | 3,329 | — | — | 16,830 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 0 | 8,300 | 0 | 0 | 17,823 | 0 | 0 | 26,123 | Nonaccrual | — | — | — | 7,908 | — | 8,081 | — | — | 15,989 | ||||||||||||||||||||||||||||||||||||||
Total commercial real estate | Total commercial real estate | 193,724 | 796,606 | 1,177,933 | 593,300 | 381,019 | 952,929 | 151,445 | 36 | 4,246,992 | Total commercial real estate | 279,254 | 921,473 | 695,399 | 834,058 | 412,134 | 850,833 | 107,780 | 25 | 4,100,956 |
Origination Year | Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | |||||||||||||||||||||||||||||||||||||||||
Paycheck protection program: | Paycheck protection program: | Paycheck protection program: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 660,775 | 460,808 | 0 | 0 | 0 | 0 | 0 | 0 | 1,121,583 | Pass | — | 113,697 | 23,668 | — | — | — | — | — | 137,365 | ||||||||||||||||||||||||||||||||||||||
Total paycheck protection program | Total paycheck protection program | 660,775 | 460,808 | 0 | 0 | 0 | 0 | 0 | 0 | 1,121,583 | Total paycheck protection program | — | 113,697 | 23,668 | — | — | — | — | — | 137,365 | ||||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 231,814 | 516,761 | 106,498 | 86,327 | 84,853 | 370,185 | 318,569 | 24,610 | 1,739,617 | Pass | 77,813 | 393,077 | 427,965 | 70,900 | 48,809 | 330,626 | 320,350 | 21,887 | 1,691,427 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 249 | 0 | 0 | 26 | 0 | 239 | 218 | 10 | 742 | Special Mention | — | 35 | — | 17 | 145 | 284 | 552 | 210 | 1,243 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 0 | 117 | 0 | 0 | 121 | 545 | 12 | 795 | Accruing Substandard | — | — | — | — | — | 53 | 26 | — | 79 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 627 | 241 | 1,049 | 675 | 25,754 | 2,213 | 914 | 31,473 | Nonaccrual | 35 | 1,517 | 2,571 | 356 | 2,057 | 21,653 | 1,903 | 665 | 30,757 | ||||||||||||||||||||||||||||||||||||||
Total residential mortgage | Total residential mortgage | 232,063 | 517,388 | 106,856 | 87,402 | 85,528 | 396,299 | 321,545 | 25,546 | 1,772,627 | Total residential mortgage | 77,848 | 394,629 | 430,536 | 71,273 | 51,011 | 352,616 | 322,831 | 22,762 | 1,723,506 | ||||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 349 | 9,236 | 29,888 | 35,932 | 42,705 | 286,489 | 0 | 0 | 404,599 | Pass | — | 1,080 | 11,379 | 15,778 | 23,480 | 253,872 | — | — | 305,589 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 0 | 82 | 404 | 143 | 8,578 | 0 | 0 | 9,207 | Nonaccrual | — | — | — | 2,081 | 1,746 | 13,165 | — | — | 16,992 | ||||||||||||||||||||||||||||||||||||||
Total residential mortgage guaranteed by U.S. government agencies | Total residential mortgage guaranteed by U.S. government agencies | 349 | 9,236 | 29,970 | 36,336 | 42,848 | 295,067 | 0 | 0 | 413,806 | Total residential mortgage guaranteed by U.S. government agencies | — | 1,080 | 11,379 | 17,859 | 25,226 | 267,037 | — | — | 322,581 | ||||||||||||||||||||||||||||||||||||||
Personal: | Personal: | Personal: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 114,228 | 203,538 | 190,723 | 71,862 | 98,950 | 144,502 | 562,863 | 1,002 | 1,387,668 | Pass | 40,789 | 219,748 | 171,964 | 174,523 | 70,349 | 214,736 | 613,114 | 598 | 1,505,821 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 63 | 96 | 0 | 9 | 2 | 45 | 0 | 0 | 215 | Special Mention | — | 49 | 23 | — | 15 | 42 | 15 | — | 144 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 0 | 175 | 20 | 0 | 227 | 0 | 0 | 422 | Accruing Substandard | — | 524 | — | 165 | — | — | 7 | — | 696 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 1 | 31 | 42 | 53 | 76 | 26 | 0 | 229 | Nonaccrual | — | 14 | 19 | 10 | 22 | 42 | 64 | — | 171 | ||||||||||||||||||||||||||||||||||||||
Total personal | Total personal | 114,291 | 203,635 | 190,929 | 71,933 | 99,005 | 144,850 | 562,889 | 1,002 | 1,388,534 | Total personal | 40,789 | 220,335 | 172,006 | 174,698 | 70,386 | 214,820 | 613,200 | 598 | 1,506,832 | ||||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 346,703 | 730,259 | 327,755 | 195,671 | 227,381 | 836,216 | 884,434 | 26,548 | 3,574,967 | Total loans to individuals | 118,637 | 616,044 | 613,921 | 263,830 | 146,623 | 834,473 | 936,031 | 23,360 | 3,552,919 | ||||||||||||||||||||||||||||||||||||||
Total loans | Total loans | $ | 2,224,066 | $ | 3,503,942 | $ | 2,904,730 | $ | 2,016,154 | $ | 1,499,030 | $ | 3,811,822 | $ | 5,427,353 | $ | 29,352 | $ | 21,416,449 | Total loans | $ | 905,055 | $ | 3,572,534 | $ | 2,542,803 | $ | 2,196,403 | $ | 1,495,368 | $ | 3,971,169 | $ | 5,955,046 | $ | 36,051 | $ | 20,674,429 |
Origination Year | Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | 2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | |||||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 112,614 | $ | 51,863 | $ | 89,346 | $ | 7,178 | $ | 1,148 | $ | 7,956 | $ | 2,548,663 | $ | 0 | $ | 2,818,768 | Pass | $ | 252,133 | $ | 29,556 | $ | 15,914 | $ | 13,548 | $ | 4,741 | $ | 6,765 | $ | 2,540,525 | $ | — | $ | 2,863,182 | ||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 0 | 0 | 0 | 0 | 202,590 | 0 | 202,590 | Special Mention | 558 | 771 | — | — | — | — | 750 | — | 2,079 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 24,000 | 1,363 | 1,453 | 0 | 12,667 | 0 | 283,294 | 0 | 322,777 | Accruing Substandard | 10,650 | 22,611 | 1,185 | 814 | — | 716 | 74,556 | — | 110,532 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 21,076 | 2,607 | 0 | 0 | 0 | 21,064 | 80,312 | 0 | 125,059 | Nonaccrual | — | 20,487 | — | — | — | 714 | 9,890 | — | 31,091 | ||||||||||||||||||||||||||||||||||||||
Total energy | Total energy | 157,690 | 55,833 | 90,799 | 7,178 | 13,815 | 29,020 | 3,114,859 | 0 | 3,469,194 | Total energy | 263,341 | 73,425 | 17,099 | 14,362 | 4,741 | 8,195 | 2,625,721 | — | 3,006,884 | ||||||||||||||||||||||||||||||||||||||
Healthcare | Healthcare | Healthcare | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 536,745 | 615,221 | 638,302 | 422,834 | 234,399 | 658,286 | 147,132 | 0 | 3,252,919 | Pass | 563,800 | 589,193 | 516,558 | 498,998 | 319,096 | 688,136 | 160,154 | 26 | 3,335,961 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 27,500 | 0 | 0 | 0 | 8,282 | 5 | 0 | 35,787 | Special Mention | 6,835 | — | 15,583 | — | 11,135 | — | 5 | — | 33,558 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 0 | 1,191 | 929 | 132 | 11,387 | 0 | 0 | 13,639 | Accruing Substandard | — | — | 27,135 | 543 | — | 1,981 | — | — | 29,659 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 18 | 183 | 0 | 0 | 2,935 | 509 | 0 | 3,645 | Nonaccrual | — | — | — | 6,542 | — | 8,711 | 509 | — | 15,762 | ||||||||||||||||||||||||||||||||||||||
Total healthcare | Total healthcare | 536,745 | 642,739 | 639,676 | 423,763 | 234,531 | 680,890 | 147,646 | 0 | 3,305,990 | Total healthcare | 570,635 | 589,193 | 559,276 | 506,083 | 330,231 | 698,828 | 160,668 | 26 | 3,414,940 | ||||||||||||||||||||||||||||||||||||||
Services | Services | Services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 534,853 | 436,384 | 372,867 | 307,374 | 373,785 | 683,936 | 665,491 | 682 | 3,375,372 | Pass | 696,149 | 405,057 | 289,375 | 275,010 | 225,404 | 795,029 | 607,958 | 375 | 3,294,357 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 150 | 9,057 | 389 | 291 | 2,038 | 2,000 | 3,063 | 0 | 16,988 | Special Mention | 434 | 405 | 1,830 | 1,047 | 3,290 | 47 | 17,210 | 192 | 24,455 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 429 | 6,380 | 26,008 | 6,027 | 5,030 | 7,954 | 38,797 | 0 | 90,625 | Accruing Substandard | 43 | 530 | 4,166 | 10,714 | 1,785 | 2,366 | 11,607 | — | 31,211 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 4,833 | 448 | 0 | 12,590 | 1,049 | 6,138 | 540 | 0 | 25,598 | Nonaccrual | — | — | — | 230 | 13,918 | 2,519 | 503 | — | 17,170 | ||||||||||||||||||||||||||||||||||||||
Total services | Total services | 540,265 | 452,269 | 399,264 | 326,282 | 381,902 | 700,028 | 707,891 | 682 | 3,508,583 | Total services | 696,626 | 405,992 | 295,371 | 287,001 | 244,397 | 799,961 | 637,278 | 567 | 3,367,193 | ||||||||||||||||||||||||||||||||||||||
General business | General business | General business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 419,756 | 394,985 | 310,273 | 236,222 | 103,987 | 186,600 | 1,055,878 | 2,316 | 2,710,017 | Pass | 584,438 | 211,892 | 264,462 | 177,384 | 168,977 | 215,014 | 1,047,420 | 2,284 | 2,671,871 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 197 | 4,519 | 9,713 | 7,803 | 2,511 | 3,159 | 2,483 | 19 | 30,404 | Special Mention | 218 | 223 | 60 | 1,435 | 3,842 | — | 5,875 | — | 11,653 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 1,432 | 3,069 | 6,694 | 10,935 | 10,042 | 3,729 | 4,449 | 140 | 40,490 | Accruing Substandard | 265 | 1,066 | 1,634 | 7,697 | 8,336 | 3,024 | 1,821 | — | 23,843 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 1,675 | 3,728 | 4,863 | 1,436 | 530 | 107 | 477 | 41 | 12,857 | Nonaccrual | — | 2,444 | 4,562 | 1,046 | 762 | 518 | 730 | 19 | 10,081 | ||||||||||||||||||||||||||||||||||||||
Total general business | Total general business | 423,060 | 406,301 | 331,543 | 256,396 | 117,070 | 193,595 | 1,063,287 | 2,516 | 2,793,768 | Total general business | 584,921 | 215,625 | 270,718 | 187,562 | 181,917 | 218,556 | 1,055,846 | 2,303 | 2,717,448 | ||||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 1,657,760 | 1,557,142 | 1,461,282 | 1,013,619 | 747,318 | 1,603,533 | 5,033,683 | 3,198 | 13,077,535 | Total commercial | 2,115,523 | 1,284,235 | 1,142,464 | 995,008 | 761,286 | 1,725,540 | 4,479,513 | 2,896 | 12,506,465 | ||||||||||||||||||||||||||||||||||||||
Commercial real estate: | Commercial real estate: | Commercial real estate: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 725,577 | 1,211,338 | 954,226 | 489,193 | 314,899 | 722,475 | 223,131 | 38 | 4,640,877 | Pass | 717,400 | 711,231 | 871,283 | 403,115 | 279,058 | 664,684 | 117,847 | 31 | 3,764,649 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 0 | 0 | 259 | 12,311 | 2,725 | 5,831 | 0 | 0 | 21,126 | Special Mention | — | — | — | 6,660 | 10,898 | 9,244 | — | — | 26,802 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 0 | 0 | 4,410 | 0 | 4,852 | 27 | 0 | 9,289 | Accruing Substandard | — | — | — | 13,352 | 4,480 | 7,780 | — | — | 25,612 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 8,300 | 0 | 232 | 7,468 | 11,246 | 0 | 0 | 27,246 | Nonaccrual | — | — | 8,076 | — | — | 6,186 | — | — | 14,262 | ||||||||||||||||||||||||||||||||||||||
Total commercial real estate | Total commercial real estate | 725,577 | 1,219,638 | 954,485 | 506,146 | 325,092 | 744,404 | 223,158 | 38 | 4,698,538 | Total commercial real estate | 717,400 | 711,231 | 879,359 | 423,127 | 294,436 | 687,894 | 117,847 | 31 | 3,831,325 |
Origination Year | Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | 2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans | Revolving Loans Converted to Term Loans | Total | |||||||||||||||||||||||||||||||||||||||||
Paycheck protection program: | Paycheck protection program: | Paycheck protection program: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 1,682,310 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,682,310 | Pass | 237,357 | 38,984 | — | — | — | — | — | — | 276,341 | ||||||||||||||||||||||||||||||||||||||
Total paycheck protection program | Total paycheck protection program | 1,682,310 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,682,310 | Total paycheck protection program | 237,357 | 38,984 | — | — | — | — | — | — | 276,341 | ||||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 564,325 | 149,832 | 120,875 | 124,930 | 158,801 | 348,292 | 335,259 | 24,553 | 1,826,867 | Pass | 386,092 | 452,537 | 84,001 | 60,390 | 68,150 | 295,632 | 320,638 | 21,463 | 1,688,903 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 33 | 11 | 2,094 | 0 | 59 | 318 | 950 | 10 | 3,475 | Special Mention | — | — | 156 | — | 19 | 411 | 282 | 159 | 1,027 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 0 | 0 | 51 | 0 | 0 | 34 | 272 | 76 | 433 | Accruing Substandard | 98 | — | — | — | 127 | 41 | 400 | — | 666 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 648 | 104 | 1,658 | 784 | 2,010 | 22,415 | 3,835 | 774 | 32,228 | Nonaccrual | 1,516 | 1,809 | 383 | 1,968 | 629 | 22,289 | 2,177 | 803 | 31,574 | ||||||||||||||||||||||||||||||||||||||
Total residential mortgage | Total residential mortgage | 565,006 | 149,947 | 124,678 | 125,714 | 160,870 | 371,059 | 340,316 | 25,413 | 1,863,003 | Total residential mortgage | 387,706 | 454,346 | 84,540 | 62,358 | 68,925 | 318,373 | 323,497 | 22,425 | 1,722,170 | ||||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 4,859 | 33,880 | 34,464 | 43,099 | 58,264 | 226,380 | 0 | 0 | 400,946 | Pass | 699 | 11,380 | 20,650 | 27,970 | 32,742 | 246,871 | — | — | 340,312 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 0 | 0 | 545 | 0 | 309 | 6,887 | 0 | 0 | 7,741 | Nonaccrual | — | — | 1,259 | 821 | 635 | 11,146 | — | — | 13,861 | ||||||||||||||||||||||||||||||||||||||
Total residential mortgage guaranteed by U.S. government agencies | Total residential mortgage guaranteed by U.S. government agencies | 4,859 | 33,880 | 35,009 | 43,099 | 58,573 | 233,267 | 0 | 0 | 408,687 | Total residential mortgage guaranteed by U.S. government agencies | 699 | 11,380 | 21,909 | 28,791 | 33,377 | 258,017 | — | — | 354,173 | ||||||||||||||||||||||||||||||||||||||
Personal: | Personal: | Personal: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | 219,873 | 200,580 | 76,246 | 100,229 | 64,104 | 102,126 | 510,571 | 1,510 | 1,275,239 | Pass | 218,960 | 180,577 | 177,389 | 70,249 | 92,592 | 135,041 | 638,713 | 728 | 1,514,249 | ||||||||||||||||||||||||||||||||||||||
Special Mention | Special Mention | 39 | 55 | 66 | 0 | 469 | 31 | 965 | 0 | 1,625 | Special Mention | — | 9 | 34 | 3 | — | 47 | — | — | 93 | ||||||||||||||||||||||||||||||||||||||
Accruing Substandard | Accruing Substandard | 11 | 214 | 10 | 0 | 0 | 0 | 29 | 0 | 264 | Accruing Substandard | 435 | 5 | 165 | — | — | 1 | — | — | 606 | ||||||||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual | 28 | 17 | 57 | 73 | 50 | 49 | 45 | 0 | 319 | Nonaccrual | 110 | 14 | 10 | 24 | 35 | 40 | 25 | — | 258 | ||||||||||||||||||||||||||||||||||||||
Total personal | Total personal | 219,951 | 200,866 | 76,379 | 100,302 | 64,623 | 102,206 | 511,610 | 1,510 | 1,277,447 | Total personal | 219,505 | 180,605 | 177,598 | 70,276 | 92,627 | 135,129 | 638,738 | 728 | 1,515,206 | ||||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 789,816 | 384,693 | 236,066 | 269,115 | 284,066 | 706,532 | 851,926 | 26,923 | 3,549,137 | Total loans to individuals | 607,910 | 646,331 | 284,047 | 161,425 | 194,929 | 711,519 | 962,235 | 23,153 | 3,591,549 | ||||||||||||||||||||||||||||||||||||||
Total loans | Total loans | $ | 4,855,463 | $ | 3,161,473 | $ | 2,651,833 | $ | 1,788,880 | $ | 1,356,476 | $ | 3,054,469 | $ | 6,108,767 | $ | 30,159 | $ | 23,007,520 | Total loans | $ | 3,678,190 | $ | 2,680,781 | $ | 2,305,870 | $ | 1,579,560 | $ | 1,250,651 | $ | 3,124,953 | $ | 5,559,595 | $ | 26,080 | $ | 20,205,680 |
As of June 30, 2021 | As of March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
Total | With No Allowance | With Allowance | Related Allowance | Total | With No Allowance | With Allowance | Related Allowance | |||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | $ | 70,341 | $ | 70,341 | $ | 0 | $ | 0 | Energy | $ | 24,976 | $ | 24,976 | $ | — | $ | — | ||||||||||||||||||||||||||||
Healthcare | Healthcare | 527 | 527 | 0 | 0 | Healthcare | 15,076 | 8,534 | 6,542 | 946 | ||||||||||||||||||||||||||||||||||||
Services | Services | 29,913 | 21,484 | 8,429 | 5,234 | Services | 16,535 | 13,290 | 3,245 | 1,407 | ||||||||||||||||||||||||||||||||||||
General business | General business | 11,823 | 6,981 | 4,842 | 4,842 | General business | 3,750 | 3,750 | — | — | ||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 112,604 | 99,333 | 13,271 | 10,076 | Total commercial | 60,337 | 50,550 | 9,787 | 2,353 | ||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 26,123 | 13,388 | 12,735 | 3,699 | Commercial real estate | 15,989 | 8,081 | 7,908 | 935 | ||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | 31,473 | 31,473 | 0 | 0 | Residential mortgage | 30,757 | 30,757 | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | 9,207 | 9,207 | 0 | 0 | Residential mortgage guaranteed by U.S. government agencies | 16,992 | 16,992 | — | — | ||||||||||||||||||||||||||||||||||||
Personal | Personal | 229 | 229 | 0 | 0 | Personal | 171 | 171 | — | — | ||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 40,909 | 40,909 | 0 | 0 | Total loans to individuals | 47,920 | 47,920 | — | — | ||||||||||||||||||||||||||||||||||||
Total | Total | $ | 179,636 | $ | 153,630 | $ | 26,006 | $ | 13,775 | Total | $ | 124,246 | $ | 106,551 | $ | 17,695 | $ | 3,288 |
As of December 31, 2020 | As of December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Total | With No Allowance | With Allowance | Related Allowance | Total | With No Allowance | With Allowance | Related Allowance | |||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | $ | 125,059 | $ | 76,633 | $ | 48,426 | $ | 16,478 | Energy | $ | 31,091 | $ | 31,091 | $ | — | $ | — | ||||||||||||||||||||||||||||
Healthcare | Healthcare | 3,645 | 3,645 | 0 | 0 | Healthcare | 15,762 | 9,679 | 6,083 | 53 | ||||||||||||||||||||||||||||||||||||
Services | Services | 25,598 | 20,810 | 4,788 | 2,574 | Services | 17,170 | 13,686 | 3,484 | 2,584 | ||||||||||||||||||||||||||||||||||||
General business | General business | 12,857 | 12,857 | 0 | 0 | General business | 10,081 | 7,690 | 2,391 | 1,357 | ||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 167,159 | 113,945 | 53,214 | 19,052 | Total commercial | 74,104 | 62,146 | 11,958 | 3,994 | ||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 27,246 | 13,645 | 13,601 | 3,389 | Commercial real estate | 14,262 | 6,186 | 8,076 | 2,349 | ||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | 32,228 | 32,228 | 0 | 0 | Residential mortgage | 31,574 | 31,574 | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | 7,741 | 7,741 | 0 | 0 | Residential mortgage guaranteed by U.S. government agencies | 13,861 | 13,861 | — | — | ||||||||||||||||||||||||||||||||||||
Personal | Personal | 319 | 319 | 0 | 0 | Personal | 258 | 258 | — | — | ||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 40,288 | 40,288 | 0 | 0 | Total loans to individuals | 45,693 | 45,693 | — | — | ||||||||||||||||||||||||||||||||||||
Total | Total | $ | 234,693 | $ | 167,878 | $ | 66,815 | $ | 22,441 | Total | $ | 134,059 | $ | 114,025 | $ | 20,034 | $ | 6,343 |
Past Due | Past Due 90 Days or More and Accruing | Past Due | Past Due 90 Days or More and Accruing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | 30 to 59 Days | 60 to 89 Days | 90 Days or More | Total | Current | 30 to 59 Days | 60 to 89 Days | 90 Days or More | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | $ | 2,993,105 | $ | 0 | $ | 0 | $ | 18,226 | $ | 3,011,331 | $ | 0 | Energy | $ | 3,197,667 | $ | — | $ | — | $ | — | $ | 3,197,667 | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Healthcare | Healthcare | 3,380,557 | 0 | 177 | 527 | 3,381,261 | 0 | Healthcare | 3,433,749 | 1,300 | 141 | 6,542 | 3,441,732 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Services | Services | 3,377,109 | 336 | 0 | 12,311 | 3,389,756 | 212 | Services | 3,340,989 | 743 | 1,377 | 8,386 | 3,351,495 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General business | General business | 2,683,645 | 915 | 292 | 5,707 | 2,690,559 | 0 | General business | 2,891,472 | 691 | — | 132 | 2,892,295 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 12,434,416 | 1,251 | 469 | 36,771 | 12,472,907 | 212 | Total commercial | 12,863,877 | 2,734 | 1,518 | 15,060 | 12,883,189 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 4,236,417 | 1,604 | 39 | 8,932 | 4,246,992 | 0 | Commercial real estate | 4,089,135 | 4,473 | 4,270 | 3,078 | 4,100,956 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 1,121,583 | 0 | 0 | 0 | 1,121,583 | 0 | Paycheck protection program | 137,052 | — | 6 | 307 | 137,365 | 307 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | 1,757,711 | 4,780 | 898 | 9,238 | 1,772,627 | 0 | Residential mortgage | 1,707,772 | 9,334 | 364 | 6,036 | 1,723,506 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | 259,023 | 41,355 | 18,265 | 95,163 | 413,806 | 89,121 | Residential mortgage guaranteed by U.S. government agencies | 147,883 | 51,165 | — | 123,533 | 322,581 | 109,283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personal | Personal | 1,388,201 | 176 | 30 | 127 | 1,388,534 | 40 | Personal | 1,506,538 | 114 | 107 | 73 | 1,506,832 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 3,404,935 | 46,311 | 19,193 | 104,528 | 3,574,967 | 89,161 | Total loans to individuals | 3,362,193 | 60,613 | 471 | 129,642 | 3,552,919 | 109,283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 21,197,351 | $ | 49,166 | $ | 19,701 | $ | 150,231 | $ | 21,416,449 | $ | 89,373 | Total | $ | 20,452,257 | $ | 67,820 | $ | 6,265 | $ | 148,087 | $ | 20,674,429 | $ | 109,590 |
Past Due | Past Due 90 Days or More and Accruing | Past Due | Past Due 90 Days or More and Accruing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current | 30 to 59 Days | 60 to 89 Days | 90 Days or More | Total | Current | 30 to 59 Days | 60 to 89 Days | 90 Days or More | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | Commercial: | Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Energy | Energy | $ | 3,410,995 | $ | 12,735 | $ | 4,050 | $ | 41,414 | $ | 3,469,194 | $ | 0 | Energy | $ | 3,002,623 | $ | 545 | $ | 3,716 | $ | — | $ | 3,006,884 | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Healthcare | Healthcare | 3,302,345 | 0 | 0 | 3,645 | 3,305,990 | 0 | Healthcare | 3,412,072 | 2,359 | — | 509 | 3,414,940 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Services | Services | 3,489,423 | 3,278 | 177 | 15,705 | 3,508,583 | 326 | Services | 3,352,639 | 920 | 4,620 | 9,014 | 3,367,193 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General business | General business | 2,776,038 | 1,206 | 6,277 | 10,247 | 2,793,768 | 4,495 | General business | 2,705,596 | 6,080 | 997 | 4,775 | 2,717,448 | 199 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial | Total commercial | 12,978,801 | 17,219 | 10,504 | 71,011 | 13,077,535 | 4,821 | Total commercial | 12,472,930 | 9,904 | 9,333 | 14,298 | 12,506,465 | 199 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 4,672,279 | 276 | 5,310 | 20,673 | 4,698,538 | 5,126 | Commercial real estate | 3,827,962 | — | 206 | 3,157 | 3,831,325 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 1,682,310 | 0 | 0 | 0 | 1,682,310 | 0 | Paycheck protection program | 276,341 | — | — | — | 276,341 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals: | Loans to individuals: | Loans to individuals: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | Residential mortgage | 1,849,304 | 5,812 | 837 | 7,050 | 1,863,003 | 181 | Residential mortgage | 1,707,654 | 6,263 | 1,556 | 6,697 | 1,722,170 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage guaranteed by U.S. government agencies | Residential mortgage guaranteed by U.S. government agencies | 262,102 | 41,389 | 22,041 | 83,155 | 408,687 | 78,349 | Residential mortgage guaranteed by U.S. government agencies | 181,022 | 26,869 | 16,751 | 129,531 | 354,173 | 118,819 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personal | Personal | 1,273,702 | 3,317 | 90 | 338 | 1,277,447 | 241 | Personal | 1,514,938 | 66 | 24 | 178 | 1,515,206 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans to individuals | Total loans to individuals | 3,385,108 | 50,518 | 22,968 | 90,543 | 3,549,137 | 78,771 | Total loans to individuals | 3,403,614 | 33,198 | 18,331 | 136,406 | 3,591,549 | 118,859 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 22,718,498 | $ | 68,013 | $ | 38,782 | $ | 182,227 | $ | 23,007,520 | $ | 88,718 | Total | $ | 19,980,847 | $ | 43,102 | $ | 27,870 | $ | 153,861 | $ | 20,205,680 | $ | 119,132 |
June 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Unpaid Principal Balance/ Notional | Fair Value | Unpaid Principal Balance/ Notional | Fair Value | Unpaid Principal Balance/ Notional | Fair Value | Unpaid Principal Balance/ Notional | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | Residential mortgage loans held for sale | $ | 187,179 | $ | 191,290 | $ | 227,161 | $ | 236,444 | Residential mortgage loans held for sale | $ | 161,717 | $ | 159,355 | $ | 182,710 | $ | 186,175 | ||||||||||||||||||||||||||||||||||
Residential mortgage loan commitments | Residential mortgage loan commitments | 276,154 | 10,202 | 380,637 | 20,435 | Residential mortgage loan commitments | 160,260 | 2,869 | 171,412 | 6,167 | ||||||||||||||||||||||||||||||||||||||||||
Forward sales contracts | Forward sales contracts | 427,566 | (650) | 549,414 | (4,563) | Forward sales contracts | 310,237 | 7,250 | 328,433 | (47) | ||||||||||||||||||||||||||||||||||||||||||
$ | 200,842 | $ | 252,316 | $ | 169,474 | $ | 192,295 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||
Production revenue: | Production revenue: | Production revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized gains on sale of mortgage loans | Net realized gains on sale of mortgage loans | $ | 20,783 | $ | 24,109 | $ | 46,783 | $ | 33,826 | Net realized gains on sale of mortgage loans | $ | 6,883 | $ | 26,000 | ||||||||||||||||||||||||||||||||||||||
Net change in unrealized gain (loss) on mortgage loans held for sale | Net change in unrealized gain (loss) on mortgage loans held for sale | 1,783 | 5,024 | (5,172) | 8,585 | Net change in unrealized gain (loss) on mortgage loans held for sale | (5,827) | (6,955) | ||||||||||||||||||||||||||||||||||||||||||||
Net change in the fair value of mortgage loan commitments | Net change in the fair value of mortgage loan commitments | (1,253) | 3,381 | (10,233) | 22,398 | Net change in the fair value of mortgage loan commitments | (3,298) | (8,980) | ||||||||||||||||||||||||||||||||||||||||||||
Net change in the fair value of forward sales contracts | Net change in the fair value of forward sales contracts | (11,309) | 6,671 | 3,913 | (4,054) | Net change in the fair value of forward sales contracts | 7,297 | 15,222 | ||||||||||||||||||||||||||||||||||||||||||||
Total production revenue | Total production revenue | 10,004 | 39,185 | 35,291 | 60,755 | Total production revenue | 5,055 | 25,287 | ||||||||||||||||||||||||||||||||||||||||||||
Servicing revenue | Servicing revenue | 11,215 | 14,751 | 23,041 | 30,348 | Servicing revenue | 11,595 | 11,826 | ||||||||||||||||||||||||||||||||||||||||||||
Total mortgage banking revenue | Total mortgage banking revenue | $ | 21,219 | $ | 53,936 | $ | 58,332 | $ | 91,103 | Total mortgage banking revenue | $ | 16,650 | $ | 37,113 |
June 30, 2021 | December 31, 2020 | |||||||||||||
Number of residential mortgage loans serviced for others | 98,287 | 106,201 | ||||||||||||
Outstanding principal balance of residential mortgage loans serviced for others | $ | 14,887,909 | $ | 16,228,449 | ||||||||||
Weighted average interest rate | 3.73 | % | 3.84 | % | ||||||||||
Remaining term (in months) | 278 | 280 |
March 31, 2022 | December 31, 2021 | |||||||||||||
Number of residential mortgage loans serviced for others | 99,409 | 102,008 | ||||||||||||
Outstanding principal balance of residential mortgage loans serviced for others | $ | 16,024,663 | $ | 16,442,446 | ||||||||||
Weighted average interest rate | 3.57 | % | 3.58 | % | ||||||||||
Remaining term (in months) | 281 | 281 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||
Beginning Balance | Beginning Balance | $ | 132,915 | $ | 110,828 | $ | 101,172 | $ | 201,886 | Beginning Balance | $ | 163,198 | $ | 101,172 | ||||||||||||||||||||||||||||||||||||||
Additions | Additions | 7,937 | 8,465 | 17,767 | 13,906 | Additions | 5,215 | 9,830 | ||||||||||||||||||||||||||||||||||||||||||||
Disposals | 0 | (10,801) | 0 | (10,801) | ||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value due to principal payments | Change in fair value due to principal payments | (10,182) | (9,760) | (22,143) | (17,779) | Change in fair value due to principal payments | (7,960) | (11,961) | ||||||||||||||||||||||||||||||||||||||||||||
Change in fair value due to market assumption changes | Change in fair value due to market assumption changes | (13,041) | (761) | 20,833 | (89,241) | Change in fair value due to market assumption changes | 49,110 | 33,874 | ||||||||||||||||||||||||||||||||||||||||||||
Ending Balance | Ending Balance | $ | 117,629 | $ | 97,971 | $ | 117,629 | $ | 97,971 | Ending Balance | $ | 209,563 | $ | 132,915 |
June 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||
Discount rate – risk-free rate plus a market premium | Discount rate – risk-free rate plus a market premium | 8.87% | 9.14% | Discount rate – risk-free rate plus a market premium | 8.53% | 8.39% | ||||||||||||||||||||||
Prepayment rate - based upon loan interest rate, original term and loan type | Prepayment rate - based upon loan interest rate, original term and loan type | 7.81% - 19.08% | 9.41% - 21.87% | Prepayment rate - based upon loan interest rate, original term and loan type | 8.48% | 12.11% | ||||||||||||||||||||||
Loan servicing costs – annually per loan based upon loan type: | Loan servicing costs – annually per loan based upon loan type: | Loan servicing costs – annually per loan based upon loan type: | ||||||||||||||||||||||||||
Performing loans | Performing loans | $69 - $94 | $69 - $94 | Performing loans | $69 - $94 | $69 - $94 | ||||||||||||||||||||||
Delinquent loans | Delinquent loans | $150 - $500 | $150 - $500 | Delinquent loans | $150 - $500 | $150 - $500 | ||||||||||||||||||||||
Loans in foreclosure | Loans in foreclosure | $1,000 - $4,000 | $1,000 - $4,000 | Loans in foreclosure | $1,000 - $4,000 | $1,000 - $4,000 | ||||||||||||||||||||||
Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life | Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life | 0.95% | 0.43% | Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life | 2.47% | 1.32% | ||||||||||||||||||||||
Primary/secondary mortgage rate spread | Primary/secondary mortgage rate spread | 105 bps | 105 bps | Primary/secondary mortgage rate spread | 105 bps | 105 bps | ||||||||||||||||||||||
Delinquency rate | Delinquency rate | 2.67% | 3.54% | Delinquency rate | 2.28% | 2.05% |
Unrealized Gain (Loss) on | Unrealized Gain (Loss) on | |||||||||||||||||||||||||||||||||||||||||||||||||||
Available for Sale Securities | Employee Benefit Plans | Total | Available for Sale Securities | Employee Benefit Plans | Total | |||||||||||||||||||||||||||||||||||||||||||||||
Balance, Dec. 31, 2019 | $ | 104,996 | $ | (73) | $ | 104,923 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance, Dec. 31, 2020 | Balance, Dec. 31, 2020 | $ | 335,032 | $ | 836 | $ | 335,868 | |||||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | Net change in unrealized gain (loss) | 354,765 | 0 | 354,765 | Net change in unrealized gain (loss) | (150,131) | — | (150,131) | ||||||||||||||||||||||||||||||||||||||||||||
Reclassification adjustments included in earnings: | Reclassification adjustments included in earnings: | Reclassification adjustments included in earnings: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on available for sale securities, net | Gain on available for sale securities, net | (5,583) | 0 | (5,583) | Gain on available for sale securities, net | (467) | — | (467) | ||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income, before income taxes | Other comprehensive income, before income taxes | 349,182 | 0 | 349,182 | Other comprehensive income, before income taxes | (150,598) | — | (150,598) | ||||||||||||||||||||||||||||||||||||||||||||
Federal and state income taxes | Federal and state income taxes | 83,789 | 0 | 83,789 | Federal and state income taxes | (36,139) | — | (36,139) | ||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income, net of income taxes | Other comprehensive income, net of income taxes | 265,393 | 0 | 265,393 | Other comprehensive income, net of income taxes | (114,459) | — | (114,459) | ||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2020 | $ | 370,389 | $ | (73) | $ | 370,316 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2021 | Balance, March 31, 2021 | $ | 220,573 | $ | 836 | $ | 221,409 | |||||||||||||||||||||||||||||||||||||||||||||
Balance, Dec. 31, 2020 | $ | 335,032 | $ | 836 | $ | 335,868 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance, Dec. 31, 2021 | Balance, Dec. 31, 2021 | $ | 69,775 | $ | 2,596 | $ | 72,371 | |||||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | Net change in unrealized gain (loss) | (141,651) | 0 | (141,651) | Net change in unrealized gain (loss) | (639,041) | — | (639,041) | ||||||||||||||||||||||||||||||||||||||||||||
Reclassification adjustments included in earnings: | Reclassification adjustments included in earnings: | Reclassification adjustments included in earnings: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on available for sale securities, net | Gain on available for sale securities, net | (1,897) | 0 | (1,897) | Gain on available for sale securities, net | (937) | — | (937) | ||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income, before income taxes | Other comprehensive income, before income taxes | (143,548) | 0 | (143,548) | Other comprehensive income, before income taxes | (639,978) | — | (639,978) | ||||||||||||||||||||||||||||||||||||||||||||
Federal and state income taxes | Federal and state income taxes | (34,448) | 0 | (34,448) | Federal and state income taxes | (149,781) | — | (149,781) | ||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | Other comprehensive income (loss), net of income taxes | (109,100) | 0 | (109,100) | Other comprehensive income (loss), net of income taxes | (490,197) | — | (490,197) | ||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | $ | 225,932 | $ | 836 | $ | 226,768 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance, March 31, 2022 | Balance, March 31, 2022 | $ | (420,422) | $ | 2,596 | $ | (417,826) |
(In thousands, except share and per share amounts) | (In thousands, except share and per share amounts) | Three Months Ended June 30, | Six Months Ended June 30, | (In thousands, except share and per share amounts) | Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||
Numerator: | Numerator: | Numerator: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | Net income attributable to BOK Financial Corp. shareholders | $ | 166,421 | $ | 64,693 | $ | 312,481 | $ | 126,772 | Net income attributable to BOK Financial Corp. shareholders | $ | 62,488 | $ | 146,060 | ||||||||||||||||||||||||||||||||||||||
Less: Earnings allocated to participating securities | Less: Earnings allocated to participating securities | 1,170 | 397 | 2,107 | 740 | Less: Earnings allocated to participating securities | 451 | 937 | ||||||||||||||||||||||||||||||||||||||||||||
Numerator for basic earnings per share – income available to common shareholders | Numerator for basic earnings per share – income available to common shareholders | 165,251 | 64,296 | 310,374 | 126,032 | Numerator for basic earnings per share – income available to common shareholders | 62,037 | 145,123 | ||||||||||||||||||||||||||||||||||||||||||||
Effect of reallocating undistributed earnings of participating securities | Effect of reallocating undistributed earnings of participating securities | 1 | 0 | 0 | 0 | Effect of reallocating undistributed earnings of participating securities | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Numerator for diluted earnings per share – income available to common shareholders | Numerator for diluted earnings per share – income available to common shareholders | $ | 165,252 | $ | 64,296 | $ | 310,374 | $ | 126,032 | Numerator for diluted earnings per share – income available to common shareholders | $ | 62,037 | $ | 145,123 | ||||||||||||||||||||||||||||||||||||||
Denominator: | Denominator: | Denominator: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Weighted average shares outstanding | Weighted average shares outstanding | 69,302,245 | 70,307,606 | 69,442,239 | 70,410,707 | Weighted average shares outstanding | 68,306,107 | 69,583,788 | ||||||||||||||||||||||||||||||||||||||||||||
Less: Participating securities included in weighted average shares outstanding | Less: Participating securities included in weighted average shares outstanding | 486,579 | 431,563 | 466,496 | 410,842 | Less: Participating securities included in weighted average shares outstanding | 493,707 | 446,413 | ||||||||||||||||||||||||||||||||||||||||||||
Denominator for basic earnings per common share | Denominator for basic earnings per common share | 68,815,666 | 69,876,043 | 68,975,743 | 69,999,865 | Denominator for basic earnings per common share | 67,812,400 | 69,137,375 | ||||||||||||||||||||||||||||||||||||||||||||
Dilutive effect of employee stock compensation plans1 | 1,776 | 1,424 | 3,055 | 3,952 | ||||||||||||||||||||||||||||||||||||||||||||||||
Dilutive effect of employee stock compensation plans | Dilutive effect of employee stock compensation plans | 1,451 | 4,335 | |||||||||||||||||||||||||||||||||||||||||||||||||
Denominator for diluted earnings per common share | Denominator for diluted earnings per common share | 68,817,442 | 69,877,467 | 68,978,798 | 70,003,817 | Denominator for diluted earnings per common share | 67,813,851 | 69,141,710 | ||||||||||||||||||||||||||||||||||||||||||||
Basic earnings per share | Basic earnings per share | $ | 2.40 | $ | 0.92 | $ | 4.50 | $ | 1.80 | Basic earnings per share | $ | 0.91 | $ | 2.10 | ||||||||||||||||||||||||||||||||||||||
Diluted earnings per share | Diluted earnings per share | $ | 2.40 | $ | 0.92 | $ | 4.50 | $ | 1.80 | Diluted earnings per share | $ | 0.91 | $ | 2.10 | ||||||||||||||||||||||||||||||||||||||
1 Excludes employee stock options with exercise prices greater than current market price. | 0 | 22,238 | 0 | 0 |
Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Consolidated | Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue from external sources | Net interest revenue from external sources | $ | 151,942 | $ | 17,552 | $ | 52,966 | $ | 57,849 | $ | 280,309 | Net interest revenue from external sources | $ | 147,590 | $ | 16,915 | $ | 56,231 | $ | 47,675 | $ | 268,411 | ||||||||||||||||||||||||||||||||||||||||||
Net interest revenue (expense) from internal sources | Net interest revenue (expense) from internal sources | (21,041) | 7,393 | (673) | 14,321 | 0 | Net interest revenue (expense) from internal sources | (10,579) | 10,292 | (465) | 752 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue | Net interest revenue | 130,901 | 24,945 | 52,293 | 72,170 | 280,309 | Net interest revenue | 137,011 | 27,207 | 55,766 | 48,427 | 268,411 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | 16,268 | 425 | (54) | (51,639) | (35,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans charged off and provision for credit losses | Net loans charged off and provision for credit losses | 5,343 | 1,112 | (71) | (6,384) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after provision for credit losses | Net interest revenue after provision for credit losses | 114,633 | 24,520 | 52,347 | 123,809 | 315,309 | Net interest revenue after provision for credit losses | 131,668 | 26,095 | 55,837 | 54,811 | 268,411 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | 65,269 | 37,714 | 79,149 | 9,314 | 191,446 | Other operating revenue | 57,427 | 33,961 | 25,018 | (28,550) | 87,856 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expense | Other operating expense | 71,351 | 52,453 | 79,429 | 87,919 | 291,152 | Other operating expense | 65,114 | 48,789 | 74,495 | 89,220 | 277,618 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net direct contribution | Net direct contribution | 108,551 | 9,781 | 52,067 | 45,204 | 215,603 | Net direct contribution | 123,981 | 11,267 | 6,360 | (62,959) | 78,649 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on financial instruments, net | Gain (loss) on financial instruments, net | 34 | 17,137 | 0 | (17,171) | 0 | Gain (loss) on financial instruments, net | (204) | (57,895) | — | 58,099 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | Change in fair value of mortgage servicing rights | 0 | (13,041) | 0 | 13,041 | 0 | Change in fair value of mortgage servicing rights | — | 49,110 | — | (49,110) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on repossessed assets, net | Gain (loss) on repossessed assets, net | 3,565 | 0 | 0 | (3,565) | 0 | Gain (loss) on repossessed assets, net | 1,793 | 45 | — | (1,838) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate expense allocations | Corporate expense allocations | 12,512 | 11,599 | 10,343 | (34,454) | 0 | Corporate expense allocations | 16,246 | 12,080 | 12,062 | (40,388) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income before taxes | Net income before taxes | 99,638 | 2,278 | 41,724 | 71,963 | 215,603 | Net income before taxes | 109,324 | (9,553) | (5,702) | (15,420) | 78,649 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal and state income taxes | Federal and state income taxes | 27,006 | 580 | 10,663 | 10,247 | 48,496 | Federal and state income taxes | 26,980 | (2,236) | (1,283) | (7,264) | 16,197 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | 72,632 | 1,698 | 31,061 | 61,716 | 167,107 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | Net income (loss) | 82,344 | (7,317) | (4,419) | (8,156) | 62,452 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | Net income (loss) attributable to non-controlling interests | 0 | 0 | 0 | 686 | 686 | Net income (loss) attributable to non-controlling interests | — | — | — | (36) | (36) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 72,632 | $ | 1,698 | $ | 31,061 | $ | 61,030 | $ | 166,421 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to BOK Financial Corp. shareholders | Net income (loss) attributable to BOK Financial Corp. shareholders | $ | 82,344 | $ | (7,317) | $ | (4,419) | $ | (8,120) | $ | 62,488 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Average assets | Average assets | $ | 28,160,594 | $ | 10,087,488 | $ | 19,201,041 | $ | (7,252,201) | $ | 50,196,922 | Average assets | $ | 29,823,905 | $ | 10,273,890 | $ | 21,323,795 | $ | (10,860,516) | $ | 50,561,074 |
Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Consolidated | ||||||||||||||||||||||||||||
Net interest revenue from external sources | $ | 307,741 | $ | 34,238 | $ | 101,520 | $ | 117,230 | $ | 560,729 | ||||||||||||||||||||||
Net interest revenue (expense) from internal sources | (46,835) | 11,681 | (873) | 36,027 | 0 | |||||||||||||||||||||||||||
Net interest revenue | 260,906 | 45,919 | 100,647 | 153,257 | 560,729 | |||||||||||||||||||||||||||
Provision for credit losses | 30,253 | 1,561 | (83) | (91,731) | (60,000) | |||||||||||||||||||||||||||
Net interest revenue after provision for credit losses | 230,653 | 44,358 | 100,730 | 244,988 | 620,729 | |||||||||||||||||||||||||||
Other operating revenue | 111,848 | 89,996 | 145,272 | 21,384 | 368,500 | |||||||||||||||||||||||||||
Other operating expense | 138,330 | 108,076 | 157,994 | 182,536 | 586,936 | |||||||||||||||||||||||||||
Net direct contribution | 204,171 | 26,278 | 88,008 | 83,836 | 402,293 | |||||||||||||||||||||||||||
Gain (loss) on financial instruments, net | 67 | (12,479) | 0 | 12,412 | 0 | |||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | 0 | 20,833 | 0 | (20,833) | 0 | |||||||||||||||||||||||||||
Gain (loss) on repossessed assets, net | 16,302 | 41 | 0 | (16,343) | 0 | |||||||||||||||||||||||||||
Corporate expense allocations | 25,246 | 23,073 | 20,230 | (68,549) | 0 | |||||||||||||||||||||||||||
Net income before taxes | 195,294 | 11,600 | 67,778 | 127,621 | 402,293 | |||||||||||||||||||||||||||
Federal and state income taxes | 52,989 | 2,954 | 17,335 | 17,600 | 90,878 | |||||||||||||||||||||||||||
Net income | 142,305 | 8,646 | 50,443 | 110,021 | 311,415 | |||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | 0 | 0 | 0 | (1,066) | (1,066) | |||||||||||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 142,305 | $ | 8,646 | $ | 50,443 | $ | 111,087 | $ | 312,481 | ||||||||||||||||||||||
Average assets | $ | 28,104,137 | $ | 9,922,431 | $ | 18,924,987 | $ | (6,698,092) | $ | 50,253,463 |
Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Consolidated | Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue from external sources | Net interest revenue from external sources | $ | 174,314 | $ | 18,795 | $ | 34,359 | $ | 50,636 | $ | 278,104 | Net interest revenue from external sources | $ | 155,799 | $ | 16,686 | $ | 48,554 | $ | 59,381 | $ | 280,420 | ||||||||||||||||||||||||||||||||||||||||||
Net interest revenue (expense) from internal sources | Net interest revenue (expense) from internal sources | (29,205) | 20,475 | (7,479) | 16,209 | 0 | Net interest revenue (expense) from internal sources | (25,794) | 4,288 | (200) | 21,706 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue | Net interest revenue | 145,109 | 39,270 | 26,880 | 66,845 | 278,104 | Net interest revenue | 130,005 | 20,974 | 48,354 | 81,087 | 280,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | 13,762 | 535 | (89) | 121,113 | 135,321 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loans charged off and provision for credit losses | Net loans charged off and provision for credit losses | 13,985 | 1,136 | (29) | (40,092) | (25,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after provision for credit losses | Net interest revenue after provision for credit losses | 131,347 | 38,735 | 26,969 | (54,268) | 142,783 | Net interest revenue after provision for credit losses | 116,020 | 19,838 | 48,383 | 121,179 | 305,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | 47,898 | 67,192 | 106,674 | 11,508 | 233,272 | Other operating revenue | 46,579 | 52,282 | 66,123 | 12,070 | 177,054 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expense | Other operating expense | 62,933 | 58,249 | 80,567 | 94,217 | 295,966 | Other operating expense | 66,979 | 55,622 | 78,565 | 94,618 | 295,784 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net direct contribution | Net direct contribution | 116,312 | 47,678 | 53,076 | (136,977) | 80,089 | Net direct contribution | 95,620 | 16,498 | 35,941 | 38,631 | 186,690 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on financial instruments, net | Gain (loss) on financial instruments, net | 48 | 7,356 | 0 | (7,404) | 0 | Gain (loss) on financial instruments, net | 33 | (29,616) | — | 29,583 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | Change in fair value of mortgage servicing rights | 0 | (761) | 0 | 761 | 0 | Change in fair value of mortgage servicing rights | — | 33,874 | — | (33,874) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on repossessed assets, net | Gain (loss) on repossessed assets, net | 191 | 27 | 0 | (218) | 0 | Gain (loss) on repossessed assets, net | 12,737 | 41 | — | (12,778) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate expense allocations | Corporate expense allocations | 5,437 | 10,692 | 8,204 | (24,333) | 0 | Corporate expense allocations | 12,734 | 11,475 | 9,887 | (34,096) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income before taxes | Net income before taxes | 111,114 | 43,608 | 44,872 | (119,505) | 80,089 | Net income before taxes | 95,656 | 9,322 | 26,054 | 55,658 | 186,690 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal and state income taxes | Federal and state income taxes | 30,122 | 11,107 | 11,478 | (36,904) | 15,803 | Federal and state income taxes | 25,983 | 2,374 | 6,672 | 7,353 | 42,382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 80,992 | 32,501 | 33,394 | (82,601) | 64,286 | Net income | 69,673 | 6,948 | 19,382 | 48,305 | 144,308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | Net income (loss) attributable to non-controlling interests | 0 | 0 | 0 | (407) | (407) | Net income (loss) attributable to non-controlling interests | — | — | — | (1,752) | (1,752) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | Net income attributable to BOK Financial Corp. shareholders | $ | 80,992 | $ | 32,501 | $ | 33,394 | $ | (82,194) | $ | 64,693 | Net income attributable to BOK Financial Corp. shareholders | $ | 69,673 | $ | 6,948 | $ | 19,382 | $ | 50,057 | $ | 146,060 | ||||||||||||||||||||||||||||||||||||||||||
Average assets | Average assets | $ | 27,575,652 | $ | 9,920,005 | $ | 15,721,452 | $ | (3,460,078) | $ | 49,757,031 | Average assets | $ | 28,047,052 | $ | 9,755,539 | $ | 18,645,865 | $ | (6,137,823) | $ | 50,310,633 |
Commercial | Consumer | Wealth Management | Funds Management and Other1 | BOK Financial Consolidated | ||||||||||||||||||||||||||||
Net interest revenue from external sources | $ | 376,216 | $ | 44,671 | $ | 48,725 | $ | 69,852 | $ | 539,464 | ||||||||||||||||||||||
Net interest revenue (expense) from internal sources | (79,700) | 38,531 | (2,941) | 44,110 | 0 | |||||||||||||||||||||||||||
Net interest revenue | 296,516 | 83,202 | 45,784 | 113,962 | 539,464 | |||||||||||||||||||||||||||
Provision for credit losses | 30,642 | 1,791 | (137) | 196,796 | 229,092 | |||||||||||||||||||||||||||
Net interest revenue after provision for credit losses | 265,874 | 81,411 | 45,921 | (82,834) | 310,372 | |||||||||||||||||||||||||||
Other operating revenue | 86,118 | 122,254 | 204,555 | 667 | 413,594 | |||||||||||||||||||||||||||
Other operating expense | 123,685 | 112,017 | 158,759 | 170,132 | 564,593 | |||||||||||||||||||||||||||
Net direct contribution | 228,307 | 91,648 | 91,717 | (252,299) | 159,373 | |||||||||||||||||||||||||||
Gain (loss) on financial instruments, net | 97 | 94,120 | 7 | (94,224) | 0 | |||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | 0 | (89,241) | 0 | 89,241 | 0 | |||||||||||||||||||||||||||
Gain (loss) on repossessed assets, net | 200 | 40 | 0 | (240) | 0 | |||||||||||||||||||||||||||
Corporate expense allocations | 14,342 | 21,059 | 16,469 | (51,870) | 0 | |||||||||||||||||||||||||||
Net income before taxes | 214,262 | 75,508 | 75,255 | (205,652) | 159,373 | |||||||||||||||||||||||||||
Federal and state income taxes | 58,295 | 19,232 | 19,288 | (63,712) | 33,103 | |||||||||||||||||||||||||||
Net income | 155,967 | 56,276 | 55,967 | (141,940) | 126,270 | |||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | 0 | 0 | 0 | (502) | (502) | |||||||||||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 155,967 | $ | 56,276 | $ | 55,967 | $ | (141,438) | $ | 126,772 | ||||||||||||||||||||||
Average assets | $ | 26,131,814 | $ | 9,885,429 | $ | 14,222,432 | $ | (2,500,850) | $ | 47,738,825 |
Commercial | Consumer | Wealth Management | Funds Management & Other | Consolidated | Out of Scope1 | In Scope2 | Commercial | Consumer | Wealth Management | Funds Management & Other | Consolidated | Out of Scope1 | In Scope2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading revenue | Trading revenue | $ | 0 | $ | 0 | $ | 13,002 | $ | (1) | $ | 13,001 | $ | 13,001 | $ | 0 | Trading revenue | $ | — | $ | — | $ | (54,048) | $ | — | $ | (54,048) | $ | (54,048) | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer hedging revenue | Customer hedging revenue | 5,693 | 0 | 55 | (3,943) | 1,805 | 1,805 | 0 | Customer hedging revenue | 12,979 | — | 817 | (2,858) | 10,938 | 10,938 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail brokerage revenue | Retail brokerage revenue | 0 | 0 | 4,528 | 0 | 4,528 | 0 | 4,528 | Retail brokerage revenue | — | — | 4,610 | — | 4,610 | — | 4,610 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance brokerage revenue | Insurance brokerage revenue | 0 | 0 | 2,996 | 0 | 2,996 | 0 | 2,996 | Insurance brokerage revenue | — | — | 3,738 | — | 3,738 | — | 3,738 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment banking revenue | Investment banking revenue | 3,935 | 0 | 3,626 | (483) | 7,078 | 2,721 | 4,357 | Investment banking revenue | 3,358 | — | 4,325 | — | 7,683 | 3,099 | 4,584 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | Brokerage and trading revenue | 9,628 | 0 | 24,207 | (4,427) | 29,408 | 17,527 | 11,881 | Brokerage and trading revenue | 16,337 | — | (40,558) | (2,858) | (27,079) | (40,011) | 12,932 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TransFund EFT network revenue | TransFund EFT network revenue | 19,374 | 924 | (17) | 1 | 20,282 | 0 | 20,282 | TransFund EFT network revenue | 18,153 | 886 | (17) | 1 | 19,023 | — | 19,023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant services revenue | Merchant services revenue | 3,434 | 17 | 0 | 1 | 3,452 | 0 | 3,452 | Merchant services revenue | 3,641 | 10 | — | — | 3,651 | — | 3,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate card revenue | Corporate card revenue | 1,063 | 0 | 37 | 89 | 1,189 | 0 | 1,189 | Corporate card revenue | 1,376 | — | 76 | 90 | 1,542 | — | 1,542 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction card revenue | Transaction card revenue | 23,871 | 941 | 20 | 91 | 24,923 | 0 | 24,923 | Transaction card revenue | 23,170 | 896 | 59 | 91 | 24,216 | — | 24,216 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personal trust revenue | Personal trust revenue | 0 | 0 | 25,156 | 0 | 25,156 | 0 | 25,156 | Personal trust revenue | — | — | 24,797 | — | 24,797 | — | 24,797 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate trust revenue | Corporate trust revenue | 0 | 0 | 3,435 | 0 | 3,435 | 0 | 3,435 | Corporate trust revenue | — | — | 3,958 | — | 3,958 | — | 3,958 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | Institutional trust & retirement plan services revenue | 0 | 0 | 12,828 | 0 | 12,828 | 0 | 12,828 | Institutional trust & retirement plan services revenue | — | — | 12,567 | — | 12,567 | — | 12,567 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management services and other revenue | Investment management services and other revenue | 0 | 0 | 3,543 | (130) | 3,413 | 0 | 3,413 | Investment management services and other revenue | — | — | 5,121 | (44) | 5,077 | — | 5,077 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | Fiduciary and asset management revenue | 0 | 0 | 44,962 | (130) | 44,832 | 0 | 44,832 | Fiduciary and asset management revenue | — | — | 46,443 | (44) | 46,399 | — | 46,399 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial account service charge revenue | Commercial account service charge revenue | 12,710 | 469 | 607 | (1) | 13,785 | 0 | 13,785 | Commercial account service charge revenue | 13,131 | 450 | 513 | — | 14,094 | — | 14,094 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdraft fee revenue | Overdraft fee revenue | 22 | 4,916 | 17 | 2 | 4,957 | 0 | 4,957 | Overdraft fee revenue | 31 | 6,193 | 23 | — | 6,247 | — | 6,247 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Check card revenue | Check card revenue | 0 | 6,030 | 0 | (1) | 6,029 | 0 | 6,029 | Check card revenue | — | 5,545 | — | — | 5,545 | — | 5,545 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | Automated service charge and other deposit fee revenue | 25 | 1,042 | 20 | 3 | 1,090 | 0 | 1,090 | Automated service charge and other deposit fee revenue | 23 | 1,107 | (14) | 2 | 1,118 | — | 1,118 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | Deposit service charges and fees | 12,757 | 12,457 | 644 | 3 | 25,861 | 0 | 25,861 | Deposit service charges and fees | 13,185 | 13,295 | 522 | 2 | 27,004 | — | 27,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage production revenue | Mortgage production revenue | 0 | 10,004 | 0 | 0 | 10,004 | 10,004 | 0 | Mortgage production revenue | — | 5,055 | — | — | 5,055 | 5,055 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing revenue | Mortgage servicing revenue | 0 | 11,668 | 0 | (453) | 11,215 | 11,215 | 0 | Mortgage servicing revenue | — | 12,076 | — | (481) | 11,595 | 11,595 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking revenue | Mortgage banking revenue | 0 | 21,672 | 0 | (453) | 21,219 | 21,219 | 0 | Mortgage banking revenue | — | 17,131 | — | (481) | 16,650 | 16,650 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revenue | Other revenue | 17,112 | 2,644 | 9,008 | (5,592) | 23,172 | 20,041 | 3,131 | Other revenue | 4,272 | 2,655 | 18,557 | (15,039) | 10,445 | 7,275 | 3,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | Total fees and commissions revenue | $ | 63,368 | $ | 37,714 | $ | 78,841 | $ | (10,508) | $ | 169,415 | $ | 58,787 | $ | 110,628 | Total fees and commissions revenue | $ | 56,964 | $ | 33,977 | $ | 25,023 | $ | (18,329) | $ | 97,635 | $ | (16,086) | $ | 113,721 |
Commercial | Consumer | Wealth Management | Funds Management & Other | Consolidated | Out of Scope1 | In Scope2 | |||||||||||||||||||||||||||||||||||
Trading revenue | $ | 0 | $ | 0 | $ | 16,718 | $ | (1) | $ | 16,717 | $ | 16,717 | $ | 0 | |||||||||||||||||||||||||||
Customer hedging revenue | 9,900 | 0 | 146 | (5,649) | 4,397 | 4,397 | 0 | ||||||||||||||||||||||||||||||||||
Retail brokerage revenue | 0 | 0 | 9,269 | 0 | 9,269 | 0 | 9,269 | ||||||||||||||||||||||||||||||||||
Insurance brokerage revenue | 0 | 0 | 5,912 | 0 | 5,912 | 0 | 5,912 | ||||||||||||||||||||||||||||||||||
Investment banking revenue | 6,193 | 0 | 8,394 | (692) | 13,895 | 4,770 | 9,125 | ||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | 16,093 | 0 | 40,439 | (6,342) | 50,190 | 25,884 | 24,306 | ||||||||||||||||||||||||||||||||||
TransFund EFT network revenue | 37,817 | 1,758 | (30) | 3 | 39,548 | 0 | 39,548 | ||||||||||||||||||||||||||||||||||
Merchant services revenue | 5,700 | 33 | 0 | 0 | 5,733 | 0 | 5,733 | ||||||||||||||||||||||||||||||||||
Corporate card revenue | 1,867 | 0 | 65 | 140 | 2,072 | 0 | 2,072 | ||||||||||||||||||||||||||||||||||
Transaction card revenue | 45,384 | 1,791 | 35 | 143 | 47,353 | 0 | 47,353 | ||||||||||||||||||||||||||||||||||
Personal trust revenue | 0 | 0 | 47,133 | 0 | 47,133 | 0 | 47,133 | ||||||||||||||||||||||||||||||||||
Corporate trust revenue | 0 | 0 | 7,224 | 0 | 7,224 | 0 | 7,224 | ||||||||||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | 0 | 0 | 25,438 | 0 | 25,438 | 0 | 25,438 | ||||||||||||||||||||||||||||||||||
Investment management services and other revenue | 0 | 0 | 6,446 | (87) | 6,359 | 0 | 6,359 | ||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | 0 | 0 | 86,241 | (87) | 86,154 | 0 | 86,154 | ||||||||||||||||||||||||||||||||||
Commercial account service charge revenue | 24,698 | 903 | 1,188 | 0 | 26,789 | 0 | 26,789 | ||||||||||||||||||||||||||||||||||
Overdraft fee revenue | 48 | 9,551 | 36 | 2 | 9,637 | 0 | 9,637 | ||||||||||||||||||||||||||||||||||
Check card revenue | 0 | 11,357 | 0 | (1) | 11,356 | 0 | 11,356 | ||||||||||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | 51 | 2,192 | 43 | 2 | 2,288 | 0 | 2,288 | ||||||||||||||||||||||||||||||||||
Deposit service charges and fees | 24,797 | 24,003 | 1,267 | 3 | 50,070 | 0 | 50,070 | ||||||||||||||||||||||||||||||||||
Mortgage production revenue | 0 | 35,291 | 0 | 0 | 35,291 | 35,291 | 0 | ||||||||||||||||||||||||||||||||||
Mortgage servicing revenue | 0 | 23,945 | 0 | (904) | 23,041 | 23,041 | 0 | ||||||||||||||||||||||||||||||||||
Mortgage banking revenue | 0 | 59,236 | 0 | (904) | 58,332 | 58,332 | 0 | ||||||||||||||||||||||||||||||||||
Other revenue | 26,941 | 4,984 | 16,543 | (9,000) | 39,468 | 33,184 | 6,284 | ||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | $ | 113,215 | $ | 90,014 | $ | 144,525 | $ | (16,187) | $ | 331,567 | $ | 117,400 | $ | 214,167 |
Commercial | Consumer | Wealth Management | Funds Management & Other | Consolidated | Out of Scope1 | In Scope2 | Commercial | Consumer | Wealth Management | Funds Management & Other | Consolidated | Out of Scope1 | In Scope2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading revenue | Trading revenue | $ | 0 | $ | 0 | $ | 43,915 | $ | 0 | $ | 43,915 | $ | 43,915 | $ | 0 | Trading revenue | $ | — | $ | — | $ | 3,716 | $ | — | $ | 3,716 | $ | 3,716 | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer hedging revenue | Customer hedging revenue | 6,893 | 0 | 63 | (714) | 6,242 | 6,242 | 0 | Customer hedging revenue | 4,207 | — | 91 | (1,706) | 2,592 | 2,592 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail brokerage revenue | Retail brokerage revenue | 0 | 0 | 3,394 | 0 | 3,394 | 0 | 3,394 | Retail brokerage revenue | — | — | 4,741 | — | 4,741 | — | 4,741 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance brokerage revenue | Insurance brokerage revenue | 0 | 0 | 3,153 | 0 | 3,153 | 0 | 3,153 | Insurance brokerage revenue | — | — | 2,916 | — | 2,916 | — | 2,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment banking revenue | Investment banking revenue | 1,131 | 0 | 4,187 | 0 | 5,318 | 851 | 4,467 | Investment banking revenue | 2,258 | — | 4,768 | (209) | 6,817 | 2,049 | 4,768 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | Brokerage and trading revenue | 8,024 | 0 | 54,712 | (714) | 62,022 | 51,008 | 11,014 | Brokerage and trading revenue | 6,465 | — | 16,232 | (1,915) | 20,782 | 8,357 | 12,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TransFund EFT network revenue | TransFund EFT network revenue | 19,647 | 556 | (9) | 0 | 20,194 | 0 | 20,194 | TransFund EFT network revenue | 18,443 | 834 | (13) | 2 | 19,266 | — | 19,266 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchant services revenue | Merchant services revenue | 2,230 | 13 | 0 | 0 | 2,243 | 0 | 2,243 | Merchant services revenue | 2,266 | 16 | — | (1) | 2,281 | — | 2,281 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate card revenue | Corporate card revenue | 485 | 0 | 18 | 0 | 503 | 0 | 503 | Corporate card revenue | 804 | — | 28 | 51 | 883 | — | 883 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction card revenue | Transaction card revenue | 22,362 | 569 | 9 | 0 | 22,940 | 0 | 22,940 | Transaction card revenue | 21,513 | 850 | 15 | 52 | 22,430 | — | 22,430 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personal trust revenue | Personal trust revenue | 0 | 0 | 21,681 | 0 | 21,681 | 0 | 21,681 | Personal trust revenue | — | — | 21,977 | — | 21,977 | — | 21,977 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate trust revenue | Corporate trust revenue | 0 | 0 | 4,604 | 0 | 4,604 | 0 | 4,604 | Corporate trust revenue | — | — | 3,789 | — | 3,789 | — | 3,789 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | Institutional trust & retirement plan services revenue | 0 | 0 | 10,723 | 191 | 10,914 | 0 | 10,914 | Institutional trust & retirement plan services revenue | — | — | 12,610 | — | 12,610 | — | 12,610 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management services and other revenue | Investment management services and other revenue | 0 | 0 | 4,291 | (233) | 4,058 | 0 | 4,058 | Investment management services and other revenue | — | — | 2,903 | 43 | 2,946 | — | 2,946 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | Fiduciary and asset management revenue | 0 | 0 | 41,299 | (42) | 41,257 | 0 | 41,257 | Fiduciary and asset management revenue | — | — | 41,279 | 43 | 41,322 | — | 41,322 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial account service charge revenue | Commercial account service charge revenue | 11,069 | 389 | 598 | 0 | 12,056 | 0 | 12,056 | Commercial account service charge revenue | 11,988 | 434 | 581 | 1 | 13,004 | — | 13,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdraft fee revenue | Overdraft fee revenue | 20 | 3,607 | 16 | 0 | 3,643 | 0 | 3,643 | Overdraft fee revenue | 26 | 4,635 | 19 | — | 4,680 | — | 4,680 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Check card revenue | Check card revenue | 0 | 5,122 | 0 | 0 | 5,122 | 0 | 5,122 | Check card revenue | — | 5,327 | — | — | 5,327 | — | 5,327 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | Automated service charge and other deposit fee revenue | 29 | 1,179 | 17 | 0 | 1,225 | 0 | 1,225 | Automated service charge and other deposit fee revenue | 26 | 1,150 | 23 | (1) | 1,198 | — | 1,198 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | Deposit service charges and fees | 11,118 | 10,297 | 631 | 0 | 22,046 | 0 | 22,046 | Deposit service charges and fees | 12,040 | 11,546 | 623 | — | 24,209 | — | 24,209 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage production revenue | Mortgage production revenue | 0 | 39,186 | 0 | 0 | 39,186 | 39,186 | 0 | Mortgage production revenue | — | 25,287 | — | — | 25,287 | 25,287 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing revenue | Mortgage servicing revenue | 0 | 15,164 | 0 | (414) | 14,750 | 14,750 | 0 | Mortgage servicing revenue | — | 12,277 | — | (451) | 11,826 | 11,826 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking revenue | Mortgage banking revenue | 0 | 54,350 | 0 | (414) | 53,936 | 53,936 | 0 | Mortgage banking revenue | — | 37,564 | — | (451) | 37,113 | 37,113 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revenue | Other revenue | 5,011 | 1,976 | 10,106 | (5,614) | 11,479 | 8,970 | 2,509 | Other revenue | 9,829 | 2,340 | 7,535 | (3,408) | 16,296 | 13,143 | 3,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | Total fees and commissions revenue | $ | 46,515 | $ | 67,192 | $ | 106,757 | $ | (6,784) | $ | 213,680 | $ | 113,914 | $ | 99,766 | Total fees and commissions revenue | $ | 49,847 | $ | 52,300 | $ | 65,684 | $ | (5,679) | $ | 162,152 | $ | 58,613 | $ | 103,539 |
Commercial | Consumer | Wealth Management | Funds Management & Other3 | Consolidated | Out of Scope1 | In Scope2 | |||||||||||||||||||||||||||||||||||
Trading revenue | $ | 0 | $ | 0 | $ | 78,299 | $ | 0 | $ | 78,299 | $ | 78,299 | $ | 0 | |||||||||||||||||||||||||||
Customer hedging revenue | 9,418 | 0 | 198 | (151) | 9,465 | 9,465 | 0 | ||||||||||||||||||||||||||||||||||
Retail brokerage revenue | 0 | 0 | 7,737 | 0 | 7,737 | 0 | 7,737 | ||||||||||||||||||||||||||||||||||
Insurance brokerage revenue | 0 | 0 | 6,942 | 0 | 6,942 | 0 | 6,942 | ||||||||||||||||||||||||||||||||||
Investment banking revenue | 3,011 | 0 | 7,347 | 0 | 10,358 | 2,679 | 7,679 | ||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | 12,429 | 0 | 100,523 | (151) | 112,801 | 90,443 | 22,358 | ||||||||||||||||||||||||||||||||||
TransFund EFT network revenue | 37,859 | 1,387 | (28) | 2 | 39,220 | 0 | 39,220 | ||||||||||||||||||||||||||||||||||
Merchant services revenue | 4,535 | 27 | 0 | 0 | 4,562 | 0 | 4,562 | ||||||||||||||||||||||||||||||||||
Corporate card revenue | 1,005 | 0 | 34 | 0 | 1,039 | 0 | 1,039 | ||||||||||||||||||||||||||||||||||
Transaction card revenue | 43,399 | 1,414 | 6 | 2 | 44,821 | 0 | 44,821 | ||||||||||||||||||||||||||||||||||
Personal trust revenue | 0 | 0 | 42,330 | 0 | 42,330 | 0 | 42,330 | ||||||||||||||||||||||||||||||||||
Corporate trust revenue | 0 | 0 | 10,966 | 0 | 10,966 | 0 | 10,966 | ||||||||||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | 0 | 0 | 22,480 | 330 | 22,810 | 0 | 22,810 | ||||||||||||||||||||||||||||||||||
Investment management services and other revenue | 0 | 0 | 10,022 | (413) | 9,609 | 0 | 9,609 | ||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | 0 | 0 | 85,798 | (83) | 85,715 | 0 | 85,715 | ||||||||||||||||||||||||||||||||||
Commercial account service charge revenue | 22,108 | 799 | 1,143 | (1) | 24,049 | 0 | 24,049 | ||||||||||||||||||||||||||||||||||
Overdraft fee revenue | 69 | 10,812 | 38 | 2 | 10,921 | 0 | 10,921 | ||||||||||||||||||||||||||||||||||
Check card revenue | 0 | 10,351 | 0 | 0 | 10,351 | 0 | 10,351 | ||||||||||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | 258 | 2,565 | 30 | 2 | 2,855 | 0 | 2,855 | ||||||||||||||||||||||||||||||||||
Deposit service charges and fees | 22,435 | 24,527 | 1,211 | 3 | 48,176 | 0 | 48,176 | ||||||||||||||||||||||||||||||||||
Mortgage production revenue | 0 | 60,755 | 0 | 0 | 60,755 | 60,755 | 0 | ||||||||||||||||||||||||||||||||||
Mortgage servicing revenue | 0 | 31,206 | 0 | (858) | 30,348 | 30,348 | 0 | ||||||||||||||||||||||||||||||||||
Mortgage banking revenue | 0 | 91,961 | 0 | (858) | 91,103 | 91,103 | 0 | ||||||||||||||||||||||||||||||||||
Other revenue | 9,711 | 4,352 | 17,100 | (7,375) | 23,788 | 17,378 | 6,410 | ||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | $ | 87,974 | $ | 122,254 | $ | 204,638 | $ | (8,462) | $ | 406,404 | $ | 198,924 | $ | 207,480 |
Total | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||||||||||||||||||||||||||
Assets: | Assets: | Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trading securities: | Trading securities: | Trading securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. government securities | U.S. government securities | $ | 13,481 | $ | 4,999 | $ | 8,482 | $ | 0 | U.S. government securities | $ | 13,513 | $ | 4,978 | $ | 8,535 | $ | — | ||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 5,577,986 | 0 | 5,577,986 | 0 | Residential agency mortgage-backed securities | 4,827,504 | — | 4,827,504 | — | ||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 49,636 | 0 | 49,636 | 0 | Municipal securities | 24,539 | — | 24,539 | — | ||||||||||||||||||||||||||||||||||||||||||
Other trading securities | Other trading securities | 57,967 | 0 | 57,967 | 0 | Other trading securities | 25,540 | — | 25,540 | — | ||||||||||||||||||||||||||||||||||||||||||
Total trading securities | Total trading securities | 5,699,070 | 4,999 | 5,694,071 | 0 | Total trading securities | 4,891,096 | 4,978 | 4,886,118 | — | ||||||||||||||||||||||||||||||||||||||||||
Available for sale securities: | Available for sale securities: | Available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | 504 | 504 | 0 | 0 | U.S. Treasury | 947 | 947 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 386,509 | 0 | 386,509 | 0 | Municipal securities | 526,322 | — | 526,322 | — | ||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 8,624,876 | 0 | 8,624,876 | 0 | Residential agency mortgage-backed securities | 7,612,021 | — | 7,612,021 | — | ||||||||||||||||||||||||||||||||||||||||||
Residential non-agency mortgage-backed securities | Residential non-agency mortgage-backed securities | 28,261 | 0 | 28,261 | 0 | Residential non-agency mortgage-backed securities | 347,187 | — | 347,187 | — | ||||||||||||||||||||||||||||||||||||||||||
Commercial agency mortgage-backed securities | Commercial agency mortgage-backed securities | 4,277,301 | 0 | 4,277,301 | 0 | Commercial agency mortgage-backed securities | 4,407,585 | — | 4,407,585 | — | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 471 | 0 | 0 | 471 | Other debt securities | 472 | — | — | 472 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | 13,317,922 | 504 | 13,316,947 | 471 | Total available for sale securities | 12,894,534 | 947 | 12,893,115 | 472 | ||||||||||||||||||||||||||||||||||||||||||
Fair value option securities – Residential agency mortgage-backed securities | Fair value option securities – Residential agency mortgage-backed securities | 60,432 | 0 | 60,432 | 0 | Fair value option securities – Residential agency mortgage-backed securities | 185,003 | — | 185,003 | — | ||||||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale1 | Residential mortgage loans held for sale1 | 200,842 | 0 | 195,692 | 5,150 | Residential mortgage loans held for sale1 | 169,474 | — | 160,507 | 8,967 | ||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights2 | Mortgage servicing rights2 | 117,629 | 0 | 0 | 117,629 | Mortgage servicing rights2 | 209,563 | — | — | 209,563 | ||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral3 | 1,701,443 | 7,704 | 1,693,739 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral | Derivative contracts, net of cash collateral | 2,680,207 | — | 2,680,207 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | Liabilities: | Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral3 | 612,261 | 218 | 612,043 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral | Derivative contracts, net of cash collateral | 557,834 | — | 557,834 | — |
Total | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||||||||||||||||||||||||||
Assets: | Assets: | Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trading securities: | Trading securities: | Trading securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. government securities | U.S. government securities | $ | 9,183 | $ | 4,999 | $ | 4,184 | $ | 0 | U.S. government securities | $ | 23,610 | $ | 4,999 | $ | 18,611 | $ | — | ||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 4,669,148 | 0 | 4,669,148 | 0 | Residential agency mortgage-backed securities | 9,068,900 | — | 9,068,900 | — | ||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 19,172 | 0 | 19,172 | 0 | Municipal securities | 25,783 | — | 25,783 | — | ||||||||||||||||||||||||||||||||||||||||||
Other trading securities | Other trading securities | 10,472 | 0 | 10,472 | 0 | Other trading securities | 18,520 | — | 18,520 | — | ||||||||||||||||||||||||||||||||||||||||||
Total trading securities | Total trading securities | 4,707,975 | 4,999 | 4,702,976 | 0 | Total trading securities | 9,136,813 | 4,999 | 9,131,814 | — | ||||||||||||||||||||||||||||||||||||||||||
Available for sale securities: | Available for sale securities: | Available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | 508 | 508 | 0 | 0 | U.S. Treasury | 1,000 | 1,000 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 167,979 | 0 | 167,979 | 0 | Municipal securities | 508,365 | — | 508,365 | — | ||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 9,340,471 | 0 | 9,340,471 | 0 | Residential agency mortgage-backed securities | 8,006,616 | — | 8,006,616 | — | ||||||||||||||||||||||||||||||||||||||||||
Residential non-agency mortgage-backed securities | Residential non-agency mortgage-backed securities | 32,770 | 0 | 32,770 | 0 | Residential non-agency mortgage-backed securities | 24,339 | — | 24,339 | — | ||||||||||||||||||||||||||||||||||||||||||
Commercial agency mortgage-backed securities | Commercial agency mortgage-backed securities | 3,508,465 | 0 | 3,508,465 | 0 | Commercial agency mortgage-backed securities | 4,617,025 | — | 4,617,025 | — | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 472 | 0 | 0 | 472 | Other debt securities | 472 | — | — | 472 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | 13,050,665 | 508 | 13,049,685 | 472 | Total available for sale securities | 13,157,817 | 1,000 | 13,156,345 | 472 | ||||||||||||||||||||||||||||||||||||||||||
Fair value option securities — Residential agency mortgage-backed securities | Fair value option securities — Residential agency mortgage-backed securities | 114,982 | 0 | 114,982 | 0 | Fair value option securities — Residential agency mortgage-backed securities | 43,770 | — | 43,770 | — | ||||||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale1 | Residential mortgage loans held for sale1 | 252,316 | 0 | 245,299 | 7,017 | Residential mortgage loans held for sale1 | 192,295 | — | 185,969 | 6,326 | ||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights2 | Mortgage servicing rights2 | 101,172 | 0 | 0 | 101,172 | Mortgage servicing rights2 | 163,198 | — | — | 163,198 | ||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral3 | 810,688 | 10,780 | 799,908 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral | Derivative contracts, net of cash collateral | 1,097,297 | 8,331 | 1,088,966 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | Liabilities: | Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral3 | 405,779 | 0 | 405,779 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral | Derivative contracts, net of cash collateral | 275,625 | — | 275,625 | — |
Fair Value Adjustments for the | Fair Value Adjustments for the | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value at June 30, 2021 | Three Months Ended June 30, 2021 Recognized in: | Six Months Ended June 30, 2021 Recognized in: | Carrying Value at March 31, 2022 | Three Months Ended Mar. 31, 2022 Recognized in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Gross charge-offs against allowance for loan losses | Other gains (losses), net | Gross charge-offs against allowance for loan losses | Other gains (losses), net | Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Gross charge-offs against allowance for loan losses | Other gains (losses), net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing loans | Nonaccruing loans | $ | 0 | $ | 4,730 | $ | 42,453 | $ | 17,362 | $ | 0 | $ | 24,721 | $ | 0 | Nonaccruing loans | $ | — | $ | 4,168 | $ | 244 | $ | 818 | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate and other repossessed assets | Real estate and other repossessed assets | 0 | 1,706 | 36,010 | 0 | (3,966) | 0 | (6,166) | Real estate and other repossessed assets | — | 1,412 | 400 | — | 106 |
Fair Value Adjustments for the | Fair Value Adjustments for the | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Value at June 30, 2020 | Three Months Ended June 30, 2020 Recognized in: | Six Months Ended June 30, 2020 Recognized in: | Carrying Value at March 31, 2021 | Three Months Ended Mar. 31, 2021 Recognized in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Gross charge-offs against allowance for loan losses | Other gains (losses), net | Gross charge-offs against allowance for loan losses | Other gains (losses), net | Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Gross charge-offs against allowance for loan losses | Other gains (losses), net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing loans | Nonaccruing loans | $ | 0 | $ | 400 | $ | 32,448 | $ | 13,871 | $ | 0 | $ | 29,659 | $ | 0 | Nonaccruing loans | $ | — | $ | 259 | $ | 34,046 | $ | 15,049 | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate and other repossessed assets | Real estate and other repossessed assets | 0 | 918 | 400 | 0 | (5) | 0 | (131) | Real estate and other repossessed assets | — | 1,706 | 300 | — | (2,200) |
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||||||||||||||||||
Nonaccruing loans | $ | 244 | Discounted cash flows | Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs | 3% - 25% (5%)1 | |||||||||||||||||||||
Real estate and other repossessed assets | 400 | Discounted cash flows | Marketability adjustments off appraised value.2 | 75% - 75% (75%) |
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||||||||||||||||||
Nonaccruing loans | $ | Discounted cash flows | Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs | |||||||||||||||||||||||
Real estate and other repossessed assets | Discounted cash flows | Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs | N/A |
(Weighted Average) | ||||||||||||||||||||||||||
Carrying Value | Estimated Fair Value | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Carrying Value | Estimated Fair Value | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and due from banks | Cash and due from banks | $ | 678,998 | $ | 678,998 | $ | 678,998 | $ | 0 | $ | 0 | Cash and due from banks | $ | 767,805 | $ | 767,805 | $ | 767,805 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | Interest-bearing cash and cash equivalents | 580,457 | 580,457 | 580,457 | 0 | 0 | Interest-bearing cash and cash equivalents | 599,976 | 599,976 | 599,976 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading securities: | Trading securities: | Trading securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. government securities | U.S. government securities | 13,481 | 13,481 | 4,999 | 8,482 | 0 | U.S. government securities | 13,513 | 13,513 | 4,978 | 8,535 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 5,577,986 | 5,577,986 | 0 | 5,577,986 | 0 | Residential agency mortgage-backed securities | 4,827,504 | 4,827,504 | — | 4,827,504 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 49,636 | 49,636 | 0 | 49,636 | 0 | Municipal securities | 24,539 | 24,539 | — | 24,539 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other trading securities | Other trading securities | 57,967 | 57,967 | 0 | 57,967 | 0 | Other trading securities | 25,540 | 25,540 | — | 25,540 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total trading securities | Total trading securities | 5,699,070 | 5,699,070 | 4,999 | 5,694,071 | 0 | Total trading securities | 4,891,096 | 4,891,096 | 4,978 | 4,886,118 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities: | Investment securities: | Investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 211,725 | 235,697 | 0 | 64,401 | 171,296 | Municipal securities | 177,683 | 184,214 | — | 41,920 | 142,294 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 7,863 | 8,601 | 0 | 8,601 | 0 | Residential agency mortgage-backed securities | 6,486 | 6,741 | — | 6,741 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 1,737 | 1,736 | 0 | 1,736 | 0 | Other debt securities | 288 | 280 | — | 280 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities | Total investment securities | 221,325 | 246,034 | 0 | 74,738 | 171,296 | Total investment securities | 184,457 | 191,235 | — | 48,941 | 142,294 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses | Allowance for credit losses | (493) | 0 | 0 | 0 | 0 | Allowance for credit losses | (633) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities, net of allowance | Investment securities, net of allowance | 220,832 | 246,034 | 0 | 74,738 | 171,296 | Investment securities, net of allowance | 183,824 | 191,235 | — | 48,941 | 142,294 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities: | Available for sale securities: | Available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | 504 | 504 | 504 | 0 | 0 | U.S. Treasury | 947 | 947 | 947 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 386,509 | 386,509 | 0 | 386,509 | 0 | Municipal securities | 526,322 | 526,322 | — | 526,322 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 8,624,876 | 8,624,876 | 0 | 8,624,876 | 0 | Residential agency mortgage-backed securities | 7,612,021 | 7,612,021 | — | 7,612,021 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential non-agency mortgage-backed securities | Residential non-agency mortgage-backed securities | 28,261 | 28,261 | 0 | 28,261 | 0 | Residential non-agency mortgage-backed securities | 347,187 | 347,187 | — | 347,187 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial agency mortgage-backed securities | Commercial agency mortgage-backed securities | 4,277,301 | 4,277,301 | 0 | 4,277,301 | 0 | Commercial agency mortgage-backed securities | 4,407,585 | 4,407,585 | — | 4,407,585 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 471 | 471 | 0 | 0 | 471 | Other debt securities | 472 | 472 | — | — | 472 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | 13,317,922 | 13,317,922 | 504 | 13,316,947 | 471 | Total available for sale securities | 12,894,534 | 12,894,534 | 947 | 12,893,115 | 472 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value option securities – Residential agency mortgage-backed securities | Fair value option securities – Residential agency mortgage-backed securities | 60,432 | 60,432 | 0 | 60,432 | 0 | Fair value option securities – Residential agency mortgage-backed securities | 185,003 | 185,003 | — | 185,003 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | Residential mortgage loans held for sale | 200,842 | 200,842 | 0 | 195,692 | 5,150 | Residential mortgage loans held for sale | 169,474 | 169,474 | — | 160,507 | 8,967 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans: | Loans: | Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 12,472,907 | 12,357,430 | 0 | 0 | 12,357,430 | Commercial | 12,883,189 | 12,639,182 | — | — | 12,639,182 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 4,246,992 | 4,192,793 | 0 | 0 | 4,192,793 | Commercial real estate | 4,100,956 | 3,985,876 | — | — | 3,985,876 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 1,121,583 | 1,107,172 | 0 | 0 | 1,107,172 | Paycheck protection program | 137,365 | 134,313 | — | — | 134,313 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 3,574,967 | 3,570,855 | 0 | 0 | 3,570,855 | Loans to individuals | 3,552,919 | 3,470,751 | — | — | 3,470,751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans | Total loans | 21,416,449 | 21,228,250 | 0 | 0 | 21,228,250 | Total loans | 20,674,429 | 20,230,122 | — | — | 20,230,122 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses | Allowance for loan losses | (311,890) | 0 | 0 | 0 | 0 | Allowance for loan losses | (246,473) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net of allowance | Loans, net of allowance | 21,104,559 | 21,228,250 | 0 | 0 | 21,228,250 | Loans, net of allowance | 20,427,956 | 20,230,122 | — | — | 20,230,122 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | Mortgage servicing rights | 117,629 | 117,629 | 0 | 0 | 117,629 | Mortgage servicing rights | 209,563 | 209,563 | — | — | 209,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash collateral | Derivative instruments with positive fair value, net of cash collateral | 1,701,443 | 1,701,443 | 7,704 | 1,693,739 | 0 | Derivative instruments with positive fair value, net of cash collateral | 2,680,207 | 2,680,207 | — | 2,680,207 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits with no stated maturity | Deposits with no stated maturity | 35,534,584 | 35,534,584 | 0 | 0 | 35,534,584 | Deposits with no stated maturity | 37,911,535 | 37,911,535 | — | — | 37,911,535 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | 1,905,349 | 1,908,847 | 0 | 0 | 1,908,847 | Time deposits | 1,514,416 | 1,498,269 | — | — | 1,498,269 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other borrowed funds | Other borrowed funds | 2,276,414 | 2,273,466 | 0 | 0 | 2,273,466 | Other borrowed funds | 1,104,575 | 1,102,079 | — | — | 1,102,079 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | 276,043 | 291,334 | 0 | 291,334 | 0 | Subordinated debentures | 131,209 | 138,623 | — | 138,623 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash collateral | Derivative instruments with negative fair value, net of cash collateral | 612,261 | 612,261 | 218 | 612,043 | 0 | Derivative instruments with negative fair value, net of cash collateral | 557,834 | 557,834 | — | 557,834 | — |
Carrying Value | Estimated Fair Value | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Carrying Value | Estimated Fair Value | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and due from banks | Cash and due from banks | $ | 798,757 | $ | 798,757 | $ | 798,757 | $ | 0 | $ | 0 | Cash and due from banks | $ | 712,067 | $ | 712,067 | $ | 712,067 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | Interest-bearing cash and cash equivalents | 381,816 | 381,816 | 381,816 | 0 | 0 | Interest-bearing cash and cash equivalents | 2,125,343 | 2,125,343 | 2,125,343 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading securities: | Trading securities: | Trading securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. government securities | U.S. government securities | 9,183 | 9,183 | 4,999 | 4,184 | 0 | U.S. government securities | 23,610 | 23,610 | 4,999 | 18,611 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 4,669,148 | 4,669,148 | 0 | 4,669,148 | 0 | Residential agency mortgage-backed securities | 9,068,900 | 9,068,900 | — | 9,068,900 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 19,172 | 19,172 | 0 | 19,172 | 0 | Municipal securities | 25,783 | 25,783 | — | 25,783 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other trading securities | Other trading securities | 10,472 | 10,472 | 0 | 10,472 | 0 | Other trading securities | 18,520 | 18,520 | — | 18,520 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total trading securities | Total trading securities | 4,707,975 | 4,707,975 | 4,999 | 4,702,976 | 0 | Total trading securities | 9,136,813 | 9,136,813 | 4,999 | 9,131,814 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities: | Investment securities: | Investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 229,245 | 255,270 | 0 | 69,404 | 185,866 | Municipal securities | 203,772 | 223,609 | — | 57,698 | 165,911 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 8,913 | 9,790 | 0 | 9,790 | 0 | Residential agency mortgage-backed securities | 6,939 | 7,500 | — | 7,500 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 7,373 | 7,371 | 0 | 7,371 | 0 | Other debt securities | 288 | 286 | — | 286 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities | Total investment securities | 245,531 | 272,431 | 0 | 86,565 | 185,866 | Total investment securities | 210,999 | 231,395 | — | 65,484 | 165,911 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses | Allowance for credit losses | (688) | 0 | 0 | 0 | 0 | Allowance for credit losses | (555) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities, net of allowance | Investment securities, net of allowance | 244,843 | 272,431 | 0 | 86,565 | 185,866 | Investment securities, net of allowance | 210,444 | 231,395 | — | 65,484 | 165,911 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities: | Available for sale securities: | Available for sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | U.S. Treasury | 508 | 508 | 508 | 0 | 0 | U.S. Treasury | 1,000 | 1,000 | 1,000 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal securities | Municipal securities | 167,979 | 167,979 | 0 | 167,979 | 0 | Municipal securities | 508,365 | 508,365 | — | 508,365 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential agency mortgage-backed securities | Residential agency mortgage-backed securities | 9,340,471 | 9,340,471 | 0 | 9,340,471 | 0 | Residential agency mortgage-backed securities | 8,006,616 | 8,006,616 | — | 8,006,616 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential non-agency mortgage-backed securities | Residential non-agency mortgage-backed securities | 32,770 | 32,770 | 0 | 32,770 | 0 | Residential non-agency mortgage-backed securities | 24,339 | 24,339 | — | 24,339 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial agency mortgage-backed securities | Commercial agency mortgage-backed securities | 3,508,465 | 3,508,465 | 0 | 3,508,465 | 0 | Commercial agency mortgage-backed securities | 4,617,025 | 4,617,025 | — | 4,617,025 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | Other debt securities | 472 | 472 | 0 | 0 | 472 | Other debt securities | 472 | 472 | — | — | 472 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total available for sale securities | Total available for sale securities | 13,050,665 | 13,050,665 | 508 | 13,049,685 | 472 | Total available for sale securities | 13,157,817 | 13,157,817 | 1,000 | 13,156,345 | 472 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value option securities — Residential agency mortgage-backed securities | Fair value option securities — Residential agency mortgage-backed securities | 114,982 | 114,982 | 0 | 114,982 | 0 | Fair value option securities — Residential agency mortgage-backed securities | 43,770 | 43,770 | — | 43,770 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | Residential mortgage loans held for sale | 252,316 | 252,316 | 0 | 245,299 | 7,017 | Residential mortgage loans held for sale | 192,295 | 192,295 | — | 185,969 | 6,326 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans: | Loans: | Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | Commercial | 13,077,535 | 13,003,383 | 0 | 0 | 13,003,383 | Commercial | 12,506,465 | 12,395,664 | — | — | 12,395,664 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | Commercial real estate | 4,698,538 | 4,649,763 | 0 | 0 | 4,649,763 | Commercial real estate | 3,831,325 | 3,786,767 | — | — | 3,786,767 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Paycheck protection program | Paycheck protection program | 1,682,310 | 1,669,461 | 0 | 0 | 1,669,461 | Paycheck protection program | 276,341 | 269,912 | — | — | 269,912 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans to individuals | Loans to individuals | 3,549,137 | 3,563,199 | 0 | 0 | 3,563,199 | Loans to individuals | 3,591,549 | 3,586,878 | — | — | 3,586,878 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans | Total loans | 23,007,520 | 22,885,806 | 0 | 0 | 22,885,806 | Total loans | 20,205,680 | 20,039,221 | — | — | 20,039,221 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses | Allowance for loan losses | (388,640) | 0 | 0 | 0 | 0 | Allowance for loan losses | (256,421) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net of allowance | Loans, net of allowance | 22,618,880 | 22,885,806 | 0 | 0 | 22,885,806 | Loans, net of allowance | 19,949,259 | 20,039,221 | — | — | 20,039,221 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage servicing rights | Mortgage servicing rights | 101,172 | 101,172 | 0 | 0 | 101,172 | Mortgage servicing rights | 163,198 | 163,198 | — | — | 163,198 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash collateral | Derivative instruments with positive fair value, net of cash collateral | 810,688 | 810,688 | 10,780 | 799,908 | 0 | Derivative instruments with positive fair value, net of cash collateral | 1,097,297 | 1,097,297 | 8,331 | 1,088,966 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits with no stated maturity | Deposits with no stated maturity | 34,176,752 | 34,176,752 | 0 | 0 | 34,176,752 | Deposits with no stated maturity | 39,537,731 | 39,537,731 | — | — | 39,537,731 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | 1,967,128 | 1,976,936 | 0 | 0 | 1,976,936 | Time deposits | 1,704,328 | 1,703,886 | — | — | 1,703,886 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other borrowed funds | Other borrowed funds | 3,545,356 | 3,542,489 | 0 | 0 | 3,542,489 | Other borrowed funds | 2,363,202 | 2,360,746 | — | — | 2,360,746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | 276,005 | 269,544 | 0 | 269,544 | 0 | Subordinated debentures | 131,226 | 141,761 | — | 141,761 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash collateral | Derivative instruments with negative fair value, net of cash collateral | 405,779 | 405,779 | 0 | 405,779 | 0 | Derivative instruments with negative fair value, net of cash collateral | 275,625 | 275,625 | — | 275,625 | — |
(In Thousands, Except Per Share Data) | (In Thousands, Except Per Share Data) | Six Months Ended | (In Thousands, Except Per Share Data) | Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | June 30, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Revenue/ Expense | Yield/ Rate | Average Balance | Revenue/ Expense | Yield/ Rate | Average Balance | Revenue/ Expense | Yield/ Rate | Average Balance | Revenue/ Expense | Yield/ Rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | Interest-bearing cash and cash equivalents | $ | 685,037 | $ | 332 | 0.10 | % | $ | 670,698 | $ | 2,505 | 0.75 | % | Interest-bearing cash and cash equivalents | $ | 1,050,409 | $ | 473 | 0.18 | % | $ | 1,208,552 | $ | 483 | 0.16 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Trading securities | Trading securities | 7,198,206 | 72,671 | 2.00 | % | 1,780,875 | 23,328 | 2.66 | % | Trading securities | 8,537,390 | 41,041 | 1.71 | % | 9,260,778 | 44,537 | 1.89 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities | 229,313 | 5,664 | 4.94 | % | 275,606 | 6,548 | 4.75 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities, net of allowance | Investment securities, net of allowance | 195,198 | 2,475 | 5.07 | % | 213,188 | 2,661 | 4.99 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale securities | Available for sale securities | 13,338,129 | 117,669 | 1.84 | % | 12,072,293 | 138,086 | 2.39 | % | Available for sale securities | 13,092,422 | 58,018 | 1.77 | % | 13,247,607 | 55,638 | 1.72 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value option securities | Fair value option securities | 84,653 | 898 | 2.20 | % | 1,290,119 | 15,818 | 2.46 | % | Fair value option securities | 75,539 | 491 | 2.81 | % | 46,458 | 302 | 2.71 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted equity securities | Restricted equity securities | 199,358 | 3,110 | 3.12 | % | 351,527 | 7,774 | 4.42 | % | Restricted equity securities | 164,484 | 1,107 | 2.69 | % | 137,874 | 1,028 | 2.98 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | Residential mortgage loans held for sale | 212,638 | 2,949 | 2.81 | % | 209,149 | 3,263 | 3.23 | % | Residential mortgage loans held for sale | 179,697 | 1,394 | 3.11 | % | 163,433 | 1,242 | 3.06 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans | Loans | 22,460,418 | 395,460 | 3.55 | % | 23,021,258 | 463,344 | 4.05 | % | Loans | 20,463,662 | 180,073 | 3.57 | % | 20,242,653 | 188,547 | 3.70 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses | Allowance for loan losses | (363,898) | (308,961) | Allowance for loan losses | (254,191) | (271,794) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans, net of allowance | Loans, net of allowance | 22,096,520 | 395,460 | 3.61 | % | 22,712,297 | 463,344 | 4.10 | % | Loans, net of allowance | 20,209,471 | 180,073 | 3.61 | % | 19,970,859 | 188,547 | 3.75 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total earning assets | Total earning assets | 44,043,854 | 598,753 | 2.77 | % | 39,362,564 | 660,666 | 3.42 | % | Total earning assets | 43,504,610 | 285,072 | 2.58 | % | 44,248,749 | 294,438 | 2.66 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivable on unsettled securities sales | Receivable on unsettled securities sales | 726,039 | 3,836,209 | Receivable on unsettled securities sales | 375,616 | 585,901 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and other assets | Cash and other assets | 5,483,570 | 4,540,052 | Cash and other assets | 6,680,848 | 5,769,406 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | Total assets | $ | 50,253,463 | $ | 47,738,825 | Total assets | $ | 50,561,074 | $ | 50,604,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities and equity | Liabilities and equity | Liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-bearing deposits: | Interest-bearing deposits: | Interest-bearing deposits: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction | Transaction | $ | 21,462,436 | $ | 11,862 | 0.11 | % | $ | 17,099,912 | $ | 45,178 | 0.53 | % | Transaction | $ | 22,763,479 | $ | 5,343 | 0.10 | % | $ | 22,326,401 | $ | 5,097 | 0.09 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 831,366 | 182 | 0.04 | % | 610,245 | 210 | 0.07 | % | Savings | 947,407 | 73 | 0.03 | % | 909,131 | 96 | 0.04 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 1,961,329 | 6,231 | 0.64 | % | 2,352,014 | 18,516 | 1.58 | % | Time | 1,589,039 | 2,182 | 0.56 | % | 1,747,715 | 2,351 | 0.53 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | Total interest-bearing deposits | 24,255,131 | 18,275 | 0.15 | % | 20,062,171 | 63,904 | 0.64 | % | Total interest-bearing deposits | 25,299,925 | 7,598 | 0.12 | % | 24,983,247 | 7,544 | 0.12 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds purchased and repurchase agreements | Funds purchased and repurchase agreements | 2,307,562 | 2,070 | 0.18 | % | 4,816,213 | 12,880 | 0.54 | % | Funds purchased and repurchase agreements | 2,004,466 | 4,698 | 0.95 | % | 2,893,128 | 5,292 | 0.73 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other borrowings | Other borrowings | 3,500,953 | 6,358 | 0.37 | % | 5,034,813 | 31,901 | 1.27 | % | Other borrowings | 1,148,440 | 1,090 | 0.38 | % | 880,837 | 1,091 | 0.49 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | 276,025 | 6,700 | 4.89 | % | 275,940 | 7,172 | 5.23 | % | Subordinated debentures | 131,228 | 1,302 | 4.02 | % | 131,224 | 1,330 | 4.02 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing liabilities | Total interest-bearing liabilities | 30,339,671 | 33,403 | 0.22 | % | 30,189,137 | 115,857 | 0.77 | % | Total interest-bearing liabilities | 28,584,059 | 14,688 | 0.21 | % | 28,888,436 | 15,257 | 0.21 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-interest bearing demand deposits | Non-interest bearing demand deposits | 12,753,715 | 10,361,090 | Non-interest bearing demand deposits | 15,062,282 | 14,818,841 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Due on unsettled securities purchases | Due on unsettled securities purchases | 807,862 | 924,377 | Due on unsettled securities purchases | 519,097 | 629,642 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | Other liabilities | 1,050,157 | 1,274,430 | Other liabilities | 1,247,785 | 898,848 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total equity | Total equity | 5,302,058 | 4,989,791 | Total equity | 5,147,851 | 5,368,289 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | Total liabilities and equity | $ | 50,253,463 | $ | 47,738,825 | Total liabilities and equity | $ | 50,561,074 | $ | 50,604,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-equivalent Net Interest Revenue | Tax-equivalent Net Interest Revenue | $ | 565,350 | 2.55 | % | $ | 544,809 | 2.65 | % | Tax-equivalent Net Interest Revenue | $ | 270,384 | 2.37 | % | $ | 279,181 | 2.45 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-equivalent Net Interest Revenue to Earning Assets | Tax-equivalent Net Interest Revenue to Earning Assets | 2.61 | % | 2.82 | % | Tax-equivalent Net Interest Revenue to Earning Assets | 2.44 | % | 2.52 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less tax-equivalent adjustment | Less tax-equivalent adjustment | 4,621 | 5,345 | Less tax-equivalent adjustment | 1,973 | 2,104 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Interest Revenue | Net Interest Revenue | 560,729 | 539,464 | Net Interest Revenue | 268,411 | 277,077 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (60,000) | 229,092 | Provision for credit losses | — | (17,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | 368,500 | 413,594 | Other operating revenue | 87,856 | 157,443 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expense | Other operating expense | 586,936 | 564,593 | Other operating expense | 277,618 | 299,495 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income before taxes | Income before taxes | 402,293 | 159,373 | Income before taxes | 78,649 | 152,025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal and state income taxes | Federal and state income taxes | 90,878 | 33,103 | Federal and state income taxes | 16,197 | 34,836 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 311,415 | 126,270 | Net income | 62,452 | 117,189 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | Net income (loss) attributable to non-controlling interests | (1,066) | (502) | Net income (loss) attributable to non-controlling interests | (36) | (129) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | Net income attributable to BOK Financial Corp. shareholders | $ | 312,481 | $ | 126,772 | Net income attributable to BOK Financial Corp. shareholders | $ | 62,488 | $ | 117,318 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Average Common Share Equivalent: | Earnings Per Average Common Share Equivalent: | Earnings Per Average Common Share Equivalent: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic | Basic | $ | 4.50 | $ | 1.80 | Basic | $ | 0.91 | $ | 1.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted | Diluted | $ | 4.50 | $ | 1.80 | Diluted | $ | 0.91 | $ | 1.71 |
(In Thousands, Except Per Share Data) | Three Months Ended | |||||||||||||||||||||||||||||||||||||
June 30, 2021 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||
Average Balance | Revenue/ Expense | Yield/ Rate | Average Balance | Revenue/ Expense | Yield/ Rate | |||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | $ | 659,312 | $ | 158 | 0.10 | % | $ | 711,047 | $ | 174 | 0.10 | % | ||||||||||||||||||||||||||
Trading securities | 7,430,217 | 36,702 | 1.95 | % | 6,963,617 | 35,969 | 2.06 | % | ||||||||||||||||||||||||||||||
Investment securities, net of allowance | 221,401 | 2,771 | 5.01 | % | 237,313 | 2,893 | 4.88 | % | ||||||||||||||||||||||||||||||
Available for sale securities | 13,243,542 | 58,989 | 1.85 | % | 13,433,767 | 58,680 | 1.84 | % | ||||||||||||||||||||||||||||||
Fair value option securities | 64,864 | 402 | 2.60 | % | 104,662 | 496 | 1.95 | % | ||||||||||||||||||||||||||||||
Restricted equity securities | 208,692 | 1,751 | 3.36 | % | 189,921 | 1,359 | 2.86 | % | ||||||||||||||||||||||||||||||
Residential mortgage loans held for sale | 218,200 | 1,569 | 2.91 | % | 207,013 | 1,380 | 2.71 | % | ||||||||||||||||||||||||||||||
Loans | 22,167,089 | 195,871 | 3.54 | % | 22,757,007 | 199,589 | 3.55 | % | ||||||||||||||||||||||||||||||
Allowance for loan losses | (345,269) | (382,734) | ||||||||||||||||||||||||||||||||||||
Loans, net of allowance | 21,821,820 | 195,871 | 3.60 | % | 22,374,273 | 199,589 | 3.62 | % | ||||||||||||||||||||||||||||||
Total earning assets | 43,868,048 | 298,213 | 2.75 | % | 44,221,613 | 300,540 | 2.78 | % | ||||||||||||||||||||||||||||||
Receivable on unsettled securities sales | 716,700 | 735,482 | ||||||||||||||||||||||||||||||||||||
Cash and other assets | 5,612,174 | 5,353,538 | ||||||||||||||||||||||||||||||||||||
Total assets | $ | 50,196,922 | $ | 50,310,633 | ||||||||||||||||||||||||||||||||||
Liabilities and equity | ||||||||||||||||||||||||||||||||||||||
Interest-bearing deposits: | ||||||||||||||||||||||||||||||||||||||
Transaction | $ | 21,491,145 | $ | 5,539 | 0.10 | % | $ | 21,433,406 | $ | 6,323 | 0.12 | % | ||||||||||||||||||||||||||
Savings | 872,618 | 96 | 0.04 | % | 789,656 | 86 | 0.04 | % | ||||||||||||||||||||||||||||||
Time | 1,936,510 | 2,790 | 0.58 | % | 1,986,425 | 3,441 | 0.70 | % | ||||||||||||||||||||||||||||||
Total interest-bearing deposits | 24,300,273 | 8,425 | 0.14 | % | 24,209,487 | 9,850 | 0.17 | % | ||||||||||||||||||||||||||||||
Funds purchased and repurchase agreements | 1,790,490 | 722 | 0.16 | % | 2,830,378 | 1,348 | 0.19 | % | ||||||||||||||||||||||||||||||
Other borrowings | 3,608,369 | 3,084 | 0.34 | % | 3,392,346 | 3,274 | 0.39 | % | ||||||||||||||||||||||||||||||
Subordinated debentures | 276,034 | 3,353 | 4.87 | % | 276,015 | 3,347 | 4.92 | % | ||||||||||||||||||||||||||||||
Total interest-bearing liabilities | 29,975,166 | 15,584 | 0.21 | % | 30,708,226 | 17,819 | 0.24 | % | ||||||||||||||||||||||||||||||
Non-interest bearing demand deposits | 13,189,954 | 12,312,629 | ||||||||||||||||||||||||||||||||||||
Due on unsettled securities purchases | 701,495 | 915,410 | ||||||||||||||||||||||||||||||||||||
Other liabilities | 1,000,662 | 1,100,203 | ||||||||||||||||||||||||||||||||||||
Total equity | 5,329,645 | 5,274,165 | ||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 50,196,922 | $ | 50,310,633 | ||||||||||||||||||||||||||||||||||
Tax-equivalent Net Interest Revenue | $ | 282,629 | 2.54 | % | $ | 282,721 | 2.54 | % | ||||||||||||||||||||||||||||||
Tax-equivalent Net Interest Revenue to Earning Assets | 2.60 | % | 2.62 | % | ||||||||||||||||||||||||||||||||||
Less tax-equivalent adjustment | 2,320 | 2,301 | ||||||||||||||||||||||||||||||||||||
Net Interest Revenue | 280,309 | 280,420 | ||||||||||||||||||||||||||||||||||||
Provision for credit losses | (35,000) | (25,000) | ||||||||||||||||||||||||||||||||||||
Other operating revenue | 191,446 | 177,054 | ||||||||||||||||||||||||||||||||||||
Other operating expense | 291,152 | 295,784 | ||||||||||||||||||||||||||||||||||||
Income before taxes | 215,603 | 186,690 | ||||||||||||||||||||||||||||||||||||
Federal and state income taxes | 48,496 | 42,382 | ||||||||||||||||||||||||||||||||||||
Net income | 167,107 | 144,308 | ||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | 686 | (1,752) | ||||||||||||||||||||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 166,421 | $ | 146,060 | ||||||||||||||||||||||||||||||||||
Earnings Per Average Common Share Equivalent: | ||||||||||||||||||||||||||||||||||||||
Basic | $ | 2.40 | $ | 2.10 | ||||||||||||||||||||||||||||||||||
Diluted | $ | 2.40 | $ | 2.10 |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | September 30, 2020 | June 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Revenue /Expense | Yield / Rate | Average Balance | Revenue / Expense | Yield / Rate | Average Balance | Revenue / Expense | Yield / Rate | ||||||||||||||||||||||||||||||||||||||||||
$ | 643,926 | $ | 158 | 0.10 | % | $ | 553,070 | $ | 167 | 0.12 | % | $ | 619,737 | $ | 112 | 0.07 | % | |||||||||||||||||||||||||||||||||
6,888,189 | 35,848 | 2.02 | % | 1,834,160 | 8,766 | 1.92 | % | 1,871,647 | 11,473 | 2.46 | % | |||||||||||||||||||||||||||||||||||||||
251,863 | 3,071 | 4.88 | % | 258,965 | 3,141 | 4.85 | % | 268,947 | 3,210 | 4.77 | % | |||||||||||||||||||||||||||||||||||||||
12,949,702 | 60,885 | 1.98 | % | 12,580,850 | 62,433 | 2.11 | % | 12,480,065 | 68,358 | 2.29 | % | |||||||||||||||||||||||||||||||||||||||
122,329 | 671 | 2.27 | % | 387,784 | 1,986 | 1.92 | % | 786,757 | 4,110 | 2.00 | % | |||||||||||||||||||||||||||||||||||||||
280,428 | 2,276 | 3.25 | % | 144,415 | 913 | 2.53 | % | 273,922 | 1,880 | 2.75 | % | |||||||||||||||||||||||||||||||||||||||
229,631 | 1,549 | 2.75 | % | 213,125 | 1,585 | 3.01 | % | 288,588 | 2,140 | 3.10 | % | |||||||||||||||||||||||||||||||||||||||
23,447,518 | 216,976 | 3.68 | % | 24,110,463 | 218,125 | 3.60 | % | 24,099,492 | 217,731 | 3.63 | % | |||||||||||||||||||||||||||||||||||||||
(414,225) | (441,831) | (367,583) | ||||||||||||||||||||||||||||||||||||||||||||||||
23,033,293 | 216,976 | 3.75 | % | 23,668,632 | 218,125 | 3.67 | % | 23,731,909 | 217,731 | 3.69 | % | |||||||||||||||||||||||||||||||||||||||
44,399,361 | 321,434 | 2.92 | % | 39,641,001 | 297,116 | 3.04 | % | 40,321,572 | 309,014 | 3.12 | % | |||||||||||||||||||||||||||||||||||||||
1,094,198 | 4,563,301 | 4,626,307 | ||||||||||||||||||||||||||||||||||||||||||||||||
4,893,605 | 4,727,453 | 4,809,152 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 50,387,164 | $ | 48,931,755 | $ | 49,757,031 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 20,718,390 | $ | 7,047 | 0.14 | % | $ | 19,752,106 | $ | 8,199 | 0.17 | % | $ | 18,040,170 | $ | 9,321 | 0.21 | % | |||||||||||||||||||||||||||||||||
737,360 | 87 | 0.05 | % | 707,121 | 88 | 0.05 | % | 656,669 | 84 | 0.05 | % | |||||||||||||||||||||||||||||||||||||||
1,930,808 | 4,300 | 0.89 | % | 2,251,012 | 6,371 | 1.13 | % | 2,464,793 | 8,340 | 1.36 | % | |||||||||||||||||||||||||||||||||||||||
23,386,558 | 11,434 | 0.19 | % | 22,710,239 | 14,658 | 0.26 | % | 21,161,632 | 17,745 | 0.34 | % | |||||||||||||||||||||||||||||||||||||||
2,153,254 | 1,526 | 0.28 | % | 2,782,150 | 1,199 | 0.17 | % | 5,816,484 | 2,042 | 0.14 | % | |||||||||||||||||||||||||||||||||||||||
5,193,656 | 5,453 | 0.42 | % | 3,382,688 | 3,657 | 0.43 | % | 3,527,303 | 4,954 | 0.56 | % | |||||||||||||||||||||||||||||||||||||||
275,998 | 3,377 | 4.87 | % | 275,980 | 3,395 | 4.89 | % | 275,949 | 3,539 | 5.16 | % | |||||||||||||||||||||||||||||||||||||||
31,009,466 | 21,790 | 0.28 | % | 29,151,057 | 22,909 | 0.31 | % | 30,781,368 | 28,280 | 0.37 | % | |||||||||||||||||||||||||||||||||||||||
12,136,071 | 11,929,694 | 11,489,322 | ||||||||||||||||||||||||||||||||||||||||||||||||
957,642 | 1,516,880 | 887,973 | ||||||||||||||||||||||||||||||||||||||||||||||||
1,055,623 | 1,171,064 | 1,526,754 | ||||||||||||||||||||||||||||||||||||||||||||||||
5,228,362 | 5,163,060 | 5,071,614 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 50,387,164 | $ | 48,931,755 | $ | 49,757,031 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 299,644 | 2.64 | % | $ | 274,207 | 2.73 | % | $ | 280,734 | 2.75 | % | |||||||||||||||||||||||||||||||||||||||
2.72 | % | 2.81 | % | 2.83 | % | |||||||||||||||||||||||||||||||||||||||||||||
2,414 | 2,457 | 2,630 | ||||||||||||||||||||||||||||||||||||||||||||||||
297,230 | 271,750 | 278,104 | ||||||||||||||||||||||||||||||||||||||||||||||||
(6,500) | — | 135,321 | ||||||||||||||||||||||||||||||||||||||||||||||||
198,789 | 229,938 | 233,272 | ||||||||||||||||||||||||||||||||||||||||||||||||
302,672 | 297,044 | 295,966 | ||||||||||||||||||||||||||||||||||||||||||||||||
199,847 | 204,644 | 80,089 | ||||||||||||||||||||||||||||||||||||||||||||||||
45,138 | 50,552 | 15,803 | ||||||||||||||||||||||||||||||||||||||||||||||||
154,709 | 154,092 | 64,286 | ||||||||||||||||||||||||||||||||||||||||||||||||
485 | 58 | (407) | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 154,224 | $ | 154,034 | $ | 64,693 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 2.21 | $ | 2.19 | $ | 0.92 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 2.21 | $ | 2.19 | $ | 0.92 |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2021 | June 30, 2021 | March 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Revenue /Expense | Yield / Rate | Average Balance | Revenue / Expense | Yield / Rate | Average Balance | Revenue / Expense | Yield / Rate | ||||||||||||||||||||||||||||||||||||||||||
$ | 682,788 | $ | 245 | 0.14 | % | $ | 659,312 | $ | 158 | 0.10 | % | $ | 711,047 | $ | 174 | 0.10 | % | |||||||||||||||||||||||||||||||||
7,617,236 | 39,006 | 2.04 | % | 7,430,217 | 36,702 | 1.95 | % | 6,963,617 | 35,969 | 2.06 | % | |||||||||||||||||||||||||||||||||||||||
218,117 | 2,740 | 5.02 | % | 221,401 | 2,771 | 5.01 | % | 237,313 | 2,893 | 4.88 | % | |||||||||||||||||||||||||||||||||||||||
13,446,095 | 57,391 | 1.80 | % | 13,243,542 | 58,989 | 1.85 | % | 13,433,767 | 58,680 | 1.84 | % | |||||||||||||||||||||||||||||||||||||||
56,307 | 342 | 2.62 | % | 64,864 | 402 | 2.60 | % | 104,662 | 496 | 1.95 | % | |||||||||||||||||||||||||||||||||||||||
245,485 | 1,565 | 2.55 | % | 208,692 | 1,751 | 3.36 | % | 189,921 | 1,359 | 2.86 | % | |||||||||||||||||||||||||||||||||||||||
167,620 | 1,274 | 3.06 | % | 218,200 | 1,569 | 2.91 | % | 207,013 | 1,380 | 2.71 | % | |||||||||||||||||||||||||||||||||||||||
20,848,608 | 193,117 | 3.68 | % | 22,167,089 | 195,871 | 3.54 | % | 22,757,007 | 199,589 | 3.55 | % | |||||||||||||||||||||||||||||||||||||||
(306,125) | (345,269) | (382,734) | ||||||||||||||||||||||||||||||||||||||||||||||||
20,542,483 | 193,117 | 3.73 | % | 21,821,820 | 195,871 | 3.60 | % | 22,374,273 | 199,589 | 3.62 | % | |||||||||||||||||||||||||||||||||||||||
42,976,131 | 295,680 | 2.78 | % | 43,868,048 | 298,213 | 2.75 | % | 44,221,613 | 300,540 | 2.78 | % | |||||||||||||||||||||||||||||||||||||||
632,539 | 716,700 | 735,482 | ||||||||||||||||||||||||||||||||||||||||||||||||
5,890,479 | 5,612,174 | 5,353,538 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 49,499,149 | $ | 50,196,922 | $ | 50,310,633 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 21,435,736 | $ | 5,002 | 0.09 | % | $ | 21,491,145 | $ | 5,539 | 0.10 | % | $ | 21,433,406 | $ | 6,323 | 0.12 | % | |||||||||||||||||||||||||||||||||
888,011 | 96 | 0.04 | % | 872,618 | 96 | 0.04 | % | 789,656 | 86 | 0.04 | % | |||||||||||||||||||||||||||||||||||||||
1,839,983 | 2,567 | 0.55 | % | 1,936,510 | 2,790 | 0.58 | % | 1,986,425 | 3,441 | 0.70 | % | |||||||||||||||||||||||||||||||||||||||
24,163,730 | 7,665 | 0.13 | % | 24,300,273 | 8,425 | 0.14 | % | 24,209,487 | 9,850 | 0.17 | % | |||||||||||||||||||||||||||||||||||||||
1,448,800 | 722 | 0.20 | % | 1,790,490 | 722 | 0.16 | % | 2,830,378 | 1,348 | 0.19 | % | |||||||||||||||||||||||||||||||||||||||
2,546,083 | 2,344 | 0.37 | % | 3,608,369 | 3,084 | 0.34 | % | 3,392,346 | 3,274 | 0.39 | % | |||||||||||||||||||||||||||||||||||||||
214,654 | 2,505 | 4.63 | % | 276,034 | 3,353 | 4.87 | % | 276,015 | 3,347 | 4.92 | % | |||||||||||||||||||||||||||||||||||||||
28,373,267 | 13,236 | 0.19 | % | 29,975,166 | 15,584 | 0.21 | % | 30,708,226 | 17,819 | 0.24 | % | |||||||||||||||||||||||||||||||||||||||
13,670,656 | 13,189,954 | 12,312,629 | ||||||||||||||||||||||||||||||||||||||||||||||||
957,538 | 701,495 | 915,410 | ||||||||||||||||||||||||||||||||||||||||||||||||
1,054,247 | 1,000,662 | 1,100,203 | ||||||||||||||||||||||||||||||||||||||||||||||||
5,443,441 | 5,329,645 | 5,274,165 | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 49,499,149 | $ | 50,196,922 | $ | 50,310,633 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 282,444 | 2.59 | % | $ | 282,629 | 2.54 | % | $ | 282,721 | 2.54 | % | |||||||||||||||||||||||||||||||||||||||
2.66 | % | 2.60 | % | 2.62 | % | |||||||||||||||||||||||||||||||||||||||||||||
2,217 | 2,320 | 2,301 | ||||||||||||||||||||||||||||||||||||||||||||||||
280,227 | 280,309 | 280,420 | ||||||||||||||||||||||||||||||||||||||||||||||||
(23,000) | (35,000) | (25,000) | ||||||||||||||||||||||||||||||||||||||||||||||||
229,832 | 191,446 | 177,054 | ||||||||||||||||||||||||||||||||||||||||||||||||
291,277 | 291,152 | 295,784 | ||||||||||||||||||||||||||||||||||||||||||||||||
241,782 | 215,603 | 186,690 | ||||||||||||||||||||||||||||||||||||||||||||||||
54,061 | 48,496 | 42,382 | ||||||||||||||||||||||||||||||||||||||||||||||||
187,721 | 167,107 | 144,308 | ||||||||||||||||||||||||||||||||||||||||||||||||
(601) | 686 | (1,752) | ||||||||||||||||||||||||||||||||||||||||||||||||
$ | 188,322 | $ | 166,421 | $ | 146,060 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 2.74 | $ | 2.40 | $ | 2.10 | |||||||||||||||||||||||||||||||||||||||||||||
$ | 2.74 | $ | 2.40 | $ | 2.10 |
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sept. 30, 2020 | June 30, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sept. 30, 2021 | June 30, 2021 | Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest revenue | Interest revenue | $ | 295,893 | $ | 298,239 | $ | 319,020 | $ | 294,659 | $ | 306,384 | Interest revenue | $ | 283,099 | $ | 292,334 | $ | 293,463 | $ | 295,893 | $ | 298,239 | ||||||||||||||||||||||||||||||||||||||||||
Interest expense | Interest expense | 15,584 | 17,819 | 21,790 | 22,909 | 28,280 | Interest expense | 14,688 | 15,257 | 13,236 | 15,584 | 17,819 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue | Net interest revenue | 280,309 | 280,420 | 297,230 | 271,750 | 278,104 | Net interest revenue | 268,411 | 277,077 | 280,227 | 280,309 | 280,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | Provision for credit losses | (35,000) | (25,000) | (6,500) | — | 135,321 | Provision for credit losses | — | (17,000) | (23,000) | (35,000) | (25,000) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest revenue after provision for credit losses | Net interest revenue after provision for credit losses | 315,309 | 305,420 | 303,730 | 271,750 | 142,783 | Net interest revenue after provision for credit losses | 268,411 | 294,077 | 303,227 | 315,309 | 305,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating revenue | Other operating revenue | Other operating revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | Brokerage and trading revenue | 29,408 | 20,782 | 39,506 | 69,526 | 62,022 | Brokerage and trading revenue | (27,079) | 14,869 | 47,930 | 29,408 | 20,782 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction card revenue | Transaction card revenue | 24,923 | 22,430 | 21,896 | 23,465 | 22,940 | Transaction card revenue | 24,216 | 24,998 | 24,632 | 24,923 | 22,430 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | Fiduciary and asset management revenue | 44,832 | 41,322 | 41,799 | 39,931 | 41,257 | Fiduciary and asset management revenue | 46,399 | 46,872 | 45,248 | 44,832 | 41,322 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | Deposit service charges and fees | 25,861 | 24,209 | 24,343 | 24,286 | 22,046 | Deposit service charges and fees | 27,004 | 26,718 | 27,429 | 25,861 | 24,209 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking revenue | Mortgage banking revenue | 21,219 | 37,113 | 39,298 | 51,959 | 53,936 | Mortgage banking revenue | 16,650 | 21,278 | 26,286 | 21,219 | 37,113 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revenue | Other revenue | 23,172 | 16,296 | 14,209 | 13,698 | 11,479 | Other revenue | 10,445 | 11,586 | 18,896 | 23,172 | 16,296 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total fees and commissions | Total fees and commissions | 169,415 | 162,152 | 181,051 | 222,865 | 213,680 | Total fees and commissions | 97,635 | 146,321 | 190,421 | 169,415 | 162,152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other gains, net | Other gains, net | 16,449 | 10,121 | 7,394 | 2,044 | 7,347 | Other gains, net | (1,644) | 6,081 | 31,091 | 16,449 | 10,121 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on derivatives, net | Gain (loss) on derivatives, net | 18,820 | (27,650) | (339) | 2,354 | 21,885 | Gain (loss) on derivatives, net | (46,981) | (4,788) | (5,760) | 18,820 | (27,650) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on fair value option securities, net | Gain (loss) on fair value option securities, net | (1,627) | (1,910) | 68 | (754) | (14,459) | Gain (loss) on fair value option securities, net | (11,201) | 1,418 | (120) | (1,627) | (1,910) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in fair value of mortgage servicing rights | Change in fair value of mortgage servicing rights | (13,041) | 33,874 | 6,276 | 3,441 | (761) | Change in fair value of mortgage servicing rights | 49,110 | 7,859 | 12,945 | (13,041) | 33,874 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on available for sale securities, net | 1,430 | 467 | 4,339 | (12) | 5,580 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain on available for sale securities, net | Gain on available for sale securities, net | 937 | 552 | 1,255 | 1,430 | 467 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other operating revenue | Total other operating revenue | 191,446 | 177,054 | 198,789 | 229,938 | 233,272 | Total other operating revenue | 87,856 | 157,443 | 229,832 | 191,446 | 177,054 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expense | Other operating expense | Other operating expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personnel | Personnel | 172,035 | 173,010 | 176,198 | 179,860 | 176,235 | Personnel | 159,228 | 174,474 | 175,863 | 172,035 | 173,010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Business promotion | Business promotion | 2,744 | 2,154 | 3,728 | 2,633 | 1,935 | Business promotion | 6,513 | 6,452 | 4,939 | 2,744 | 2,154 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Charitable contributions to BOKF Foundation | Charitable contributions to BOKF Foundation | — | 4,000 | 6,000 | — | 3,000 | Charitable contributions to BOKF Foundation | — | 5,000 | — | — | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Professional fees and services | Professional fees and services | 12,361 | 11,980 | 14,254 | 14,074 | 12,161 | Professional fees and services | 11,413 | 14,129 | 12,436 | 12,361 | 11,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net occupancy and equipment | Net occupancy and equipment | 26,633 | 26,662 | 27,875 | 28,111 | 30,675 | Net occupancy and equipment | 30,855 | 26,897 | 28,395 | 26,633 | 26,662 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance | Insurance | 3,660 | 4,620 | 4,006 | 5,848 | 5,156 | Insurance | 4,283 | 3,889 | 3,712 | 3,660 | 4,620 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Data processing and communications | Data processing and communications | 36,418 | 37,467 | 35,061 | 34,751 | 32,942 | Data processing and communications | 39,836 | 39,358 | 38,371 | 36,418 | 37,467 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Printing, postage and supplies | Printing, postage and supplies | 4,285 | 3,440 | 3,805 | 3,482 | 3,502 | Printing, postage and supplies | 3,689 | 2,935 | 3,558 | 4,285 | 3,440 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of intangible assets | Amortization of intangible assets | 4,578 | 4,807 | 5,088 | 5,071 | 5,190 | Amortization of intangible assets | 3,964 | 4,438 | 4,488 | 4,578 | 4,807 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking costs | Mortgage banking costs | 11,126 | 13,943 | 14,765 | 15,803 | 15,598 | Mortgage banking costs | 7,877 | 8,667 | 8,962 | 11,126 | 13,943 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other expense | Other expense | 17,312 | 13,701 | 11,892 | 7,411 | 9,572 | Other expense | 9,960 | 13,256 | 10,553 | 17,312 | 13,701 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other operating expense | Total other operating expense | 291,152 | 295,784 | 302,672 | 297,044 | 295,966 | Total other operating expense | 277,618 | 299,495 | 291,277 | 291,152 | 295,784 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income before taxes | Net income before taxes | 215,603 | 186,690 | 199,847 | 204,644 | 80,089 | Net income before taxes | 78,649 | 152,025 | 241,782 | 215,603 | 186,690 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal and state income taxes | Federal and state income taxes | 48,496 | 42,382 | 45,138 | 50,552 | 15,803 | Federal and state income taxes | 16,197 | 34,836 | 54,061 | 48,496 | 42,382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 167,107 | 144,308 | 154,709 | 154,092 | 64,286 | Net income | 62,452 | 117,189 | 187,721 | 167,107 | 144,308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | Net income (loss) attributable to non-controlling interests | 686 | (1,752) | 485 | 58 | (407) | Net income (loss) attributable to non-controlling interests | (36) | (129) | (601) | 686 | (1,752) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to BOK Financial Corporation shareholders | Net income attributable to BOK Financial Corporation shareholders | $ | 166,421 | $ | 146,060 | $ | 154,224 | $ | 154,034 | $ | 64,693 | Net income attributable to BOK Financial Corporation shareholders | $ | 62,488 | $ | 117,318 | $ | 188,322 | $ | 166,421 | $ | 146,060 | ||||||||||||||||||||||||||||||||||||||||||
Earnings per share: | Earnings per share: | Earnings per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic | Basic | $2.40 | $2.10 | $2.21 | $2.19 | $0.92 | Basic | $0.91 | $1.71 | $2.74 | $2.40 | $2.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted | Diluted | $2.40 | $2.10 | $2.21 | $2.19 | $0.92 | Diluted | $0.91 | $1.71 | $2.74 | $2.40 | $2.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Average shares used in computation: | Average shares used in computation: | Average shares used in computation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic | Basic | 68,815,666 | 69,137,375 | 69,489,597 | 69,877,866 | 69,876,043 | Basic | 67,812,400 | 68,069,160 | 68,359,125 | 68,815,666 | 69,137,375 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted | Diluted | 68,817,442 | 69,141,710 | 69,493,050 | 69,879,290 | 69,877,467 | Diluted | 67,813,851 | 68,070,910 | 68,360,871 | 68,817,442 | 69,141,710 |
Period | Total Number of Shares Purchased2 | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs1 | Maximum Number of Shares that May Yet Be Purchased Under the Plans | ||||||||||||||||||||||
April 1 to April 30, 2021 | 170,000 | $ | 88.70 | 170,000 | 2,596,187 | |||||||||||||||||||||
May 1 to May 31, 2021 | 227,994 | $ | 88.82 | 227,994 | 2,368,193 | |||||||||||||||||||||
June 1 to June 30, 2021 | 95,000 | $ | 89.14 | 95,000 | 2,273,193 | |||||||||||||||||||||
Total | 492,994 | 492,994 |
Period | Total Number of Shares Purchased2 | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs1 | Maximum Number of Shares that May Yet Be Purchased Under the Plans | ||||||||||||||||||||||
January 1 to January 31, 2022 | 258,359 | $ | 102.50 | 230,877 | 1,435,653 | |||||||||||||||||||||
February 1 to February 28, 2022 | 228,571 | $ | 101.03 | 210,000 | 1,225,653 | |||||||||||||||||||||
March 1 to March 31, 2022 | 35,000 | $ | 98.33 | 35,000 | 1,190,653 | |||||||||||||||||||||
Total | 521,930 | 475,877 |
/s/ Steven E. Nell | ||
Steven E. Nell | ||
Executive Vice President and | ||
Chief Financial Officer |
/s/ John C. Morrow | ||
John C. Morrow | ||
Senior Vice President and | ||
Chief Accounting Officer |