Document And Entity Information
Document And Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 31, 2023 | Jun. 30, 2022 | |
Document and Entity Information [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Transition Report | false | ||
Entity File Number | 001-37811 | ||
Entity Registrant Name | BOK FINANCIAL CORP | ||
Entity Incorporation, State or Country Code | OK | ||
Entity Tax Identification Number | 73-1373454 | ||
Entity Address, Address Line One | Boston Avenue at Second Street | ||
Entity Address, City or Town | Tulsa, | ||
Entity Address, State or Province | OK | ||
Entity Address, Postal Zip Code | 74172 | ||
City Area Code | 918 | ||
Local Phone Number | 588-6000 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Common Stock, Shares Outstanding | (66,971,817) | ||
Entity Central Index Key | 0000875357 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Public Float | $ 2.4 | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Auditor Firm ID | 42 | ||
Auditor Name | Ernst & Young LLP | ||
Auditor Location | Tulsa, Oklahoma |
Consolidated Statements of Earn
Consolidated Statements of Earnings - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest and dividend revenue [Abstract] | |||
Loans | $ 976,653 | $ 769,357 | $ 889,507 |
Residential mortgage loans held for sale | 6,027 | 5,465 | 6,397 |
Trading securities | 115,048 | 155,989 | 67,689 |
Investment securities | 24,072 | 10,430 | 11,943 |
Available for sale securities | 248,323 | 230,383 | 261,196 |
Fair value option securities | 2,145 | 1,542 | 18,475 |
Restricted equity securities | 8,282 | 5,703 | 10,963 |
Interest-bearing cash and cash equivalents | 11,552 | 1,060 | 2,830 |
Total interest revenue | 1,392,102 | 1,179,929 | 1,269,000 |
Interest Expense [Abstract] | |||
Deposits | 121,749 | 33,484 | 89,996 |
Borrowed funds | 52,483 | 17,877 | 56,616 |
Subordinated debentures | 6,490 | 10,535 | 13,944 |
Total interest expense | 180,722 | 61,896 | 160,556 |
Net interest and dividend revenue | 1,211,380 | 1,118,033 | 1,108,444 |
Provision for credit losses | 30,000 | (100,000) | 222,592 |
Net interest and dividend revenue after provision for credit losses | 1,181,380 | 1,218,033 | 885,852 |
Total fees and commissions | 657,213 | 668,309 | 810,320 |
Other gains, net | 123 | 63,742 | 6,046 |
Gain (loss) on derivatives, net | (73,011) | (19,378) | 42,320 |
Gain (loss) on fair value option securities, net | (20,358) | (2,239) | 53,248 |
Change in fair value of mortgage servicing rights | 80,261 | 41,637 | (79,524) |
Gain (loss) on available for sale securities, net | (971) | 3,704 | 9,910 |
Total other operating revenue | 643,257 | 755,775 | 842,320 |
Other operating expense [Abstract] | |||
Personnel | 670,918 | 695,382 | 688,474 |
Business promotion | 26,435 | 16,289 | 14,511 |
Charitable contributions to BOKF Foundation | 2,500 | 9,000 | 9,000 |
Professional fees and services | 56,342 | 50,906 | 53,437 |
Net occupancy and equipment | 116,867 | 108,587 | 112,722 |
Insurance | 17,994 | 15,881 | 19,990 |
Data processing and communications | 165,907 | 151,614 | 135,497 |
Printing, postage and supplies | 15,857 | 14,218 | 15,061 |
Amortization of intangible assets | 15,692 | 18,311 | 20,443 |
Mortgage banking costs | 35,834 | 42,698 | 56,711 |
Other expense | 40,134 | 54,822 | 38,462 |
Total other operating expense | 1,164,480 | 1,177,708 | 1,164,308 |
Net income before taxes | 660,157 | 796,100 | 563,864 |
Federal and state income taxes | 139,864 | 179,775 | 128,793 |
Net income | 520,293 | 616,325 | 435,071 |
Net income (loss) attributable to Non-controlling interests | 20 | (1,796) | 41 |
Net income attributable to BOK Financial Corporation shareholders | $ 520,273 | $ 618,121 | $ 435,030 |
Earnings per share: [Abstract] | |||
Basic (in dollars per share) | $ 7.68 | $ 8.95 | $ 6.19 |
Diluted (in dollars per share) | $ 7.68 | $ 8.95 | $ 6.19 |
Average shares used in computation: [Abstract] | |||
Basic (in shares) | 67,212,728 | 68,591,920 | 69,840,977 |
Diluted (in shares) | 67,212,735 | 68,594,322 | 69,844,172 |
Dividends declared per share (in dollars per share) | $ 2.13 | $ 2.09 | $ 2.05 |
Brokerage and trading revenue [Member] | |||
Total fees and commissions | $ 140,978 | $ 112,989 | $ 221,833 |
Transaction card revenue [Member] | |||
Total fees and commissions | 104,266 | 96,983 | 90,182 |
Fiduciary and asset management revenue [Member] | |||
Total fees and commissions | 196,326 | 178,274 | 167,445 |
Deposit service charges and fees [Member] | |||
Total fees and commissions | 110,636 | 104,217 | 96,805 |
Mortgage banking revenue [Member] | |||
Total fees and commissions | 49,365 | 105,896 | 182,360 |
Other revenue [Member] | |||
Total fees and commissions | $ 55,642 | $ 69,950 | $ 51,695 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 520,293 | $ 616,325 | $ 435,071 |
Other comprehensive income (loss), before income taxes: [Abstract] | |||
Net change in unrealized gain (loss) | (1,227,414) | (341,369) | 313,796 |
Reclassification adjustments included in earnings: [Abstract] | |||
Interest revenue, Investment securities | 42,514 | 0 | 0 |
Operating expense, Personnel | (3,483) | 0 | 0 |
Loss (gain) on available for sale securities, net | 971 | (3,704) | (9,910) |
Other comprehensive gain (loss), before income taxes | (1,187,412) | (345,073) | 303,886 |
Federal and state income taxes | (278,086) | (81,576) | 72,941 |
Other comprehensive gain (loss), net of income taxes | (909,326) | (263,497) | 230,945 |
Comprehensive income (loss) | (389,033) | 352,828 | 666,016 |
Comprehensive income (loss) attributable to non-controlling interests | 20 | (1,796) | 41 |
Comprehensive income (loss) attributable to BOK Financial Corp. shareholders | $ (389,053) | $ 354,624 | $ 665,975 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets [Abstract] | ||
Cash and due from banks | $ 943,810 | $ 712,067 |
Interest-bearing cash and cash equivalents | 457,906 | 2,125,343 |
Trading securities | 4,464,161 | 9,136,813 |
Investment securities | 2,513,687 | 210,444 |
Available for sale securities | 11,493,860 | 13,157,817 |
Fair value option securities | 296,590 | 43,770 |
Restricted equity securities | 299,651 | 83,113 |
Residential mortgage loans held for sale | 75,272 | 192,295 |
Loans | 22,557,150 | 20,205,680 |
Allowance for loan losses | (235,704) | (256,421) |
Loans, net of allowance | 22,321,446 | 19,949,259 |
Premises and equipment, net | 565,175 | 574,148 |
Receivables | 273,815 | 223,021 |
Goodwill | 1,044,749 | 1,044,749 |
Intangible assets, net | 76,131 | 91,778 |
Mortgage servicing rights | 277,608 | 163,198 |
Real estate and other repossessed assets, net of allowance | 14,304 | 24,589 |
Derivative contracts, net | 880,343 | 1,097,297 |
Cash surrender value of bank-owned life insurance | 406,751 | 405,607 |
Receivable on unsettled securities sales | 31,004 | 56,172 |
Other assets | 1,354,379 | 957,951 |
Total assets | 47,790,642 | 50,249,431 |
Deposits [Abstract] | ||
Noninterest-bearing demand deposits | 13,395,337 | 15,344,423 |
Interest-bearing Deposit Liabilities [Abstract] | ||
Transaction | 18,659,115 | 23,268,573 |
Savings | 964,411 | 924,735 |
Time | 1,461,842 | 1,704,328 |
Total deposits | 34,480,705 | 41,242,059 |
Funds purchased and repurchase agreements | 2,270,377 | 2,326,449 |
Other borrowings | 4,736,908 | 36,753 |
Subordinated debentures | 131,205 | 131,226 |
Accrued interest, taxes and expense | 296,870 | 273,041 |
Derivative contracts, net | 554,900 | 275,625 |
Due on unsettled securities purchases | 147,470 | 160,686 |
Other liabilities | 484,849 | 435,221 |
Total liabilities | 43,103,284 | 44,881,060 |
Shareholders' equity: [Abstract] | ||
Common stock | 5 | 5 |
Capital surplus | 1,390,395 | 1,378,794 |
Retained earnings | 4,824,164 | 4,447,691 |
Treasury stock | (694,960) | (535,129) |
Accumulated other comprehensive income (loss) | (836,955) | 72,371 |
Total shareholders’ equity | 4,682,649 | 5,363,732 |
Non-controlling interests | 4,709 | 4,639 |
Total equity | 4,687,358 | 5,368,371 |
Total liabilities and equity | $ 47,790,642 | $ 50,249,431 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Investment securities [Abstract] | ||
Investment securities, fair value | $ 2,346,768 | $ 231,395 |
Real estate and other repossessed assets, allowance | $ 10,115 | $ 6,083 |
Shareholders' equity: [Abstract] | ||
Common stock, par value (in dollars per share) | $ 0.00006 | $ 0.00006 |
Common stock, shares authorized (in shares) | 2,500,000,000 | 2,500,000,000 |
Common stock, shares issued (in shares) | 76,423,345 | 76,254,029 |
Common stock, shares outstanding (in shares) | 76,423,345 | 76,254,029 |
Treasury stock, shares at cost (in shares) | 9,464,711 | 7,786,257 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Thousands | Total | Cumulative Effect, Period of Adoption, Adjustment | Cumulative Effect, Period of Adoption, Adjusted Balance | Common Stock [Member] | Common Stock [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Capital Surplus [Member] | Capital Surplus [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Retained Earnings [Member] | Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Treasury Stock [Member] | Treasury Stock [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Total Shareholders' Equity [Member] | Total Shareholders' Equity [Member] Cumulative Effect, Period of Adoption, Adjustment | Total Shareholders' Equity [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Non-Controlling Interests [Member] | Non-Controlling Interests [Member] Cumulative Effect, Period of Adoption, Adjusted Balance |
Balance, beginning of period (in shares) at Dec. 31, 2019 | 75,759 | 75,759 | 5,179 | 5,179 | |||||||||||||||
Balance, beginning of period at Dec. 31, 2019 | $ 4,863,919 | $ 4,817,223 | $ 5 | $ 5 | $ 1,350,995 | $ 1,350,995 | $ 3,729,778 | $ 3,683,082 | $ (329,906) | $ (329,906) | $ 104,923 | $ 104,923 | $ 4,855,795 | $ 4,809,099 | $ 8,124 | $ 8,124 | |||
Balance, beginning of period (Accounting Standards Update 2016-13) at Dec. 31, 2019 | $ (46,696) | $ (46,696) | $ (46,696) | ||||||||||||||||
Net income | 435,071 | 435,030 | 435,030 | 41 | |||||||||||||||
Other comprehensive income (loss), net | 230,945 | 230,945 | 230,945 | ||||||||||||||||
Repurchase of common stock (in shares) | 1,107 | ||||||||||||||||||
Repurchase of common stock | (75,830) | $ (75,830) | (75,830) | ||||||||||||||||
Stock options exercised (in shares) | 12 | ||||||||||||||||||
Stock options exercised | 675 | 675 | 675 | ||||||||||||||||
Non-vested shares awarded, net (in shares) | 224 | ||||||||||||||||||
Vesting of non-vested shares (in shares) | 72 | ||||||||||||||||||
Vesting of non-vested shares | (5,608) | $ (5,608) | (5,608) | ||||||||||||||||
Share-based compensation | 16,392 | 16,392 | 16,392 | ||||||||||||||||
Cash dividends on common stock | (144,437) | (144,437) | (144,437) | ||||||||||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 17,130 | ||||||||||||||||||
Capital calls and distributions, net | (17,130) | ||||||||||||||||||
Balance, end of period (in shares) at Dec. 31, 2020 | 75,995 | 6,358 | |||||||||||||||||
Balance, end of period at Dec. 31, 2020 | 5,291,561 | $ 5 | 1,368,062 | 3,973,675 | $ (411,344) | 335,868 | 5,266,266 | 25,295 | |||||||||||
Net income | 616,325 | 618,121 | 618,121 | (1,796) | |||||||||||||||
Other comprehensive income (loss), net | (263,497) | (263,497) | (263,497) | ||||||||||||||||
Repurchase of common stock (in shares) | 1,360 | ||||||||||||||||||
Repurchase of common stock | (117,938) | $ (117,938) | (117,938) | ||||||||||||||||
Stock options exercised (in shares) | 17 | ||||||||||||||||||
Stock options exercised | 973 | 973 | 973 | ||||||||||||||||
Non-vested shares awarded, net (in shares) | 242 | ||||||||||||||||||
Vesting of non-vested shares (in shares) | 68 | ||||||||||||||||||
Vesting of non-vested shares | (5,847) | $ (5,847) | (5,847) | ||||||||||||||||
Share-based compensation | 9,759 | 9,759 | 9,759 | ||||||||||||||||
Cash dividends on common stock | (144,105) | (144,105) | (144,105) | ||||||||||||||||
Capital calls and distributions, net | (18,860) | (18,860) | |||||||||||||||||
Balance, end of period (in shares) at Dec. 31, 2021 | 76,254 | 7,786 | 7,786 | ||||||||||||||||
Balance, end of period at Dec. 31, 2021 | 5,368,371 | $ 5,368,371 | $ 5 | 1,378,794 | 4,447,691 | $ (535,129) | 72,371 | $ 72,371 | 5,363,732 | $ 5,363,732 | 4,639 | $ 4,639 | |||||||
Net income | 520,293 | 520,273 | 520,273 | 20 | |||||||||||||||
Other comprehensive income (loss), net | (909,326) | (909,326) | (909,326) | ||||||||||||||||
Repurchase of common stock (in shares) | 1,633 | ||||||||||||||||||
Repurchase of common stock | (154,887) | $ (154,887) | (154,887) | ||||||||||||||||
Stock options exercised (in shares) | 1 | ||||||||||||||||||
Stock options exercised | 37 | 37 | 37 | ||||||||||||||||
Non-vested shares awarded, net (in shares) | 168 | ||||||||||||||||||
Vesting of non-vested shares (in shares) | 46 | ||||||||||||||||||
Vesting of non-vested shares | (4,944) | $ (4,944) | (4,944) | ||||||||||||||||
Share-based compensation | 11,564 | 11,564 | 11,564 | ||||||||||||||||
Cash dividends on common stock | (143,800) | (143,800) | (143,800) | ||||||||||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 50 | ||||||||||||||||||
Capital calls and distributions, net | (50) | ||||||||||||||||||
Balance, end of period (in shares) at Dec. 31, 2022 | 76,423 | 9,465 | |||||||||||||||||
Balance, end of period at Dec. 31, 2022 | $ 4,687,358 | $ 5 | $ 1,390,395 | $ 4,824,164 | $ (694,960) | $ (836,955) | $ 4,682,649 | $ 4,709 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Flows From Operating Activities: [Abstract] | |||
Net income | $ 520,293 | $ 616,325 | $ 435,071 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: [Abstract] | |||
Provision for credit losses | 30,000 | (100,000) | 222,592 |
Change in fair value of mortgage servicing rights due to market changes | (80,261) | (41,637) | 79,524 |
Change in fair value of mortgage servicing rights due to principal payments | 31,741 | 38,761 | 41,598 |
Net unrealized losses (gains) from derivative contracts | (52,214) | 30,201 | (59,253) |
Share-based compensation | 11,564 | 9,759 | 16,392 |
Depreciation and amortization | 107,563 | 102,468 | 99,013 |
Net amortization of discounts and premiums | 9,215 | 18,293 | 5,357 |
Net losses (gains) on financial instruments and other losses (gains), net | 846 | (67,446) | (15,949) |
Net gain on mortgage loans held for sale | (2,948) | (70,464) | (114,545) |
Mortgage loans originated for sale | (1,180,403) | (2,818,789) | (3,764,112) |
Proceeds from sale of mortgage loans held for sale | 1,295,588 | 2,939,522 | 3,817,475 |
Capitalized mortgage servicing rights | (18,215) | (31,132) | (31,209) |
Change in trading and fair value option securities | 4,419,761 | (4,357,950) | (2,103,931) |
Change in receivables | (34,301) | 39,183 | 945,087 |
Change in other assets | 13,205 | (12,568) | 1,739 |
Change in other liabilities | 50,836 | 12,897 | 8,895 |
Net cash provided by (used in) operating activities | 5,122,270 | (3,692,577) | (416,256) |
Cash Flows From Investing Activities: [Abstract] | |||
Proceeds from maturities or redemptions of investment securities | 157,796 | 33,865 | 46,992 |
Proceeds from maturities or redemptions of available for sale securities | 2,192,200 | 3,500,081 | 2,695,067 |
Purchases of investment securities | (10,000) | 0 | 0 |
Purchases of available for sale securities | (4,533,892) | (4,607,199) | (4,575,324) |
Proceeds from sales of available for sale securities | 307,481 | 622,881 | 384,507 |
Change in amount receivable on unsettled available for sale securities transactions | 9,629 | (10,406) | (6,357) |
Loans originated, net of principal collected | (2,348,586) | 2,853,326 | (1,103,752) |
Net payments or proceeds on derivative asset contracts | (7,099) | 161,093 | (121,130) |
Net change in restricted equity securities | (216,538) | ||
Net change in restricted equity securities | 88,278 | 289,161 | |
Proceeds from disposition of assets | 60,769 | 165,040 | 73,135 |
Purchases of assets | (215,046) | (204,287) | (141,134) |
Net cash provided by (used in) investing activities | (4,603,286) | 2,602,672 | (2,458,835) |
Cash Flows From Financing Activities: [Abstract] | |||
Net change in demand deposits, transaction deposits and savings accounts | (6,518,868) | 5,360,979 | 8,773,433 |
Net change in time deposits | (242,486) | (262,800) | (250,721) |
Net change in other borrowed funds | 4,609,824 | (1,269,241) | (5,091,026) |
Repayment of subordinated debentures | 0 | (150,000) | 0 |
Change in amount due on unsettled security purchases | (17,782) | (117,452) | 63,521 |
Issuance of common and treasury stock, net | (4,907) | (4,874) | (4,933) |
Net change in derivative margin accounts | 519,797 | (467,865) | (600,218) |
Net payments or proceeds on derivative liability contracts | (1,569) | (79,962) | 127,054 |
Repurchase of common stock | (154,887) | (117,938) | (75,830) |
Dividends paid | (143,800) | (144,105) | (144,437) |
Net cash provided by (used in) financing activities | (1,954,678) | 2,746,742 | 2,796,843 |
Net increase (decrease) in cash and cash equivalents | (1,435,694) | 1,656,837 | (78,248) |
Cash and cash equivalents at beginning of period | 2,837,410 | 1,180,573 | 1,258,821 |
Cash and cash equivalents at end of period | 1,401,716 | 2,837,410 | 1,180,573 |
Supplemental Cash Flow Information: [Abstract] | |||
Cash paid for interest | 176,081 | 68,775 | 160,288 |
Cash paid for taxes | 79,532 | 135,331 | 136,181 |
Net loans and bank premises transferred to repossessed real estate and other assets | 12,326 | 8,320 | 85,323 |
Transfer of available for sale securities to investment securities, Fair Value | 2,454,273 | 0 | 0 |
Increase in U.S. government guaranteed loans eligible for repurchase | 34,259 | 87,087 | 290,977 |
Increase in receivables from conveyance of GNMA OREO | 8,451 | 6,376 | 11,322 |
Right-of-use assets obtained in exchange for operating lease liabilities | $ 22,059 | $ 40,798 | $ 16,177 |
Mortgage Banking Activities Mor
Mortgage Banking Activities Mortgage Banking Activities | 12 Months Ended |
Dec. 31, 2022 | |
Mortgage Banking [Abstract] | |
Mortgage Banking Activities [Text Block] | Mortgage Banking Activities Residential Mortgage Loan Production The Company originates, markets and services conventional and government-sponsored residential mortgage loans. Generally, conforming fixed rate residential mortgage loans are held for sale in the secondary market and non-conforming and adjustable-rate residential mortgage loans are held for investment. The volume of mortgage loans originated for sale and secondary market prices are the primary drivers of originating and marketing revenue. Residential mortgage loan commitments are generally outstanding for 60 to 90 days which represents the typical period from commitment to originate a residential mortgage loan to when the closed loan is sold to an investor. Residential mortgage loan commitments are subject to both credit and interest rate risk. Credit risk is managed through underwriting policies and procedures, including collateral requirements, which are generally accepted by the secondary loan markets. Exposure to interest rate fluctuations is partially managed through forward sales of residential mortgage-backed securities and forward sales contracts. These latter contracts set the price for loans that will be delivered in the next 60 to 90 days. The unpaid principal balance of residential mortgage loans held for sale, notional amounts of derivative contracts related to residential mortgage loan commitments and forward contract sales and their related fair values included in Mortgage loans held for sale on the Consolidated Balance Sheets were (in thousands): December 31, 2022 December 31, 2021 Unpaid Principal Balance/ Fair Value Unpaid Principal Balance/ Fair Value Residential mortgage loans held for sale $ 74,941 $ 73,938 $ 182,710 $ 186,175 Residential mortgage loan commitments 45,492 1,054 171,412 6,167 Forward sales contracts 109,469 280 328,433 (47) $ 75,272 $ 192,295 No residential mortgage loans held for sale were 90 days or more past due or considered impaired as of December 31, 2022 or December 31, 2021. No credit losses were recognized on residential mortgage loans held for sale for the years ended December 31, 2022, 2021 and 2020. Mortgage banking revenue was as follows (in thousands): Year Ended 2022 2021 2020 Production revenue: Net realized gains on sales of mortgage loans $ 7,416 $ 76,282 $ 107,847 Net change in unrealized gain on mortgage loans held for sale (4,468) (5,818) 6,697 Net change in the fair value of mortgage loan commitments (5,113) (14,268) 15,202 Net change in the fair value of forward sales contracts 327 4,516 (3,898) Total mortgage production revenue (1,838) 60,712 125,848 Servicing revenue 51,203 45,184 56,512 Total mortgage banking revenue $ 49,365 $ 105,896 $ 182,360 Mortgage production revenue includes gain (loss) on residential mortgage loans held for sale and changes in the fair value of derivative contracts not designated as hedging instruments related to residential mortgage loan commitments and forward sales contracts. Servicing revenue includes servicing fee income and late charges on loans serviced for others. Residential Mortgage Servicing The Company generally retains the right to service residential mortgage loans sold and may purchase mortgage servicing rights. The unpaid principal balance of loans serviced for others is the primary driver of servicing revenue. The following represents a summary of mortgage servicing rights (dollars in thousands): December 31, 2022 2021 2020 Number of residential mortgage loans serviced for others 110,541 102,008 106,201 Outstanding principal balance of residential mortgage loans serviced for others $ 18,863,201 $ 16,442,446 $ 16,228,449 Weighted average interest rate 3.59 % 3.58 % 3.84 % Remaining contractual term (in months) 283 281 280 Activity in capitalized mortgage servicing rights during the three years ended December 31, 2022 is as follows (in thousands): Balance, December 31, 2019 $ 201,886 Additions 31,209 Disposals (10,801) Change in fair value due to loan runoff (41,598) Change in fair value due to market changes (79,524) Balance, December 31, 2020 101,172 Additions 31,132 Acquisitions 28,018 Change in fair value due to loan runoff (38,761) Change in fair value due to market changes 41,637 Balance, December 31, 2021 163,198 Additions 18,215 Acquisitions 47,675 Change in fair value due to loan runoff (31,741) Change in fair value due to market changes 80,261 Balance, December 31, 2022 $ 277,608 Changes in the fair value of mortgage servicing rights due to market changes are included in Other operating revenue in the Consolidated Statements of Earnings. Changes in fair value due to loan runoff are included in Mortgage banking costs. Mortgage servicing rights are not traded in active markets. Fair value is determined by discounting the projected net cash flows. Significant assumptions used to determine fair value considered to be significant unobservable inputs were as follows: December 31, 2022 2021 Discount rate – risk-free rate plus a market premium 9.51% 8.39% Prepayment rate - based upon loan interest rate, original term and loan type 7.54% 12.11% Loan servicing costs – annually per loan based upon loan type: Performing loans $69 - $94 $69 - $94 Delinquent loans $150 - $500 $150 - $500 Loans in foreclosure $875 - $8,000 $1,000 - $4,000 Primary/secondary mortgage rate spread 105 bps 105 bps Escrow earnings rate – indexed to rates paid on deposit accounts with a comparable average life 4.06% 1.32% Delinquency rate 2.33% 2.05% Changes in primary residential mortgage interest rates directly affect the prepayment speeds used in valuing our mortgage servicing rights. A separate third party model is used to estimate prepayment speeds based on interest rates, housing turnover rates, estimated loan curtailment, anticipated defaults and other relevant factors. The prepayment model is updated periodically for changes in market conditions and adjusted to better correlate with actual performance of BOK Financial’s servicing portfolio. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Significant Accounting Policies Basis of Presentation The Consolidated Financial Statements of BOK Financial Corporation ("BOK Financial" or "the Company") have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP"), including interpretations of U.S. GAAP issued by federal banking regulators and general practices of the banking industry. The Consolidated Financial Statements include the accounts of BOK Financial and its subsidiaries, principally BOKF, NA, BOK Financial Securities, Inc., BOK Financial Private Wealth, Inc., BOK Financial Insurance, Inc. and Cavanal Hill Distributors, Inc. All significant intercompany transactions are eliminated in consolidation. The Consolidated Financial Statements include the assets, liabilities, non-controlling interests and results of operations of variable interest entities ("VIEs") when BOK Financial is determined to be the primary beneficiary. Variable interest entities are generally defined as entities that either do not have sufficient equity to finance their activities without support from other parties or whose equity investors lack a controlling financial interest. Determination that the Company is the primary beneficiary considers the power to direct the activities that most significantly impact the variable interest's economic performance and the obligation to absorb losses of the variable interest or the right to receive benefits of the variable interest that could be significant to the variable interest. Certain prior year amounts have been reclassified to conform to current year presentation. Nature of Operations BOK Financial, through its subsidiaries, provides a wide range of financial services to commercial and industrial customers, other financial institutions, municipalities, and consumers. These services include depository and cash management; lending and lease financing; mortgage banking; securities brokerage, trading and underwriting; and personal and corporate trust. BOKF, NA operates as Bank of Oklahoma primarily in the Tulsa and Oklahoma City metropolitan areas of the state of Oklahoma and Bank of Texas primarily in the Dallas, Fort Worth and Houston metropolitan areas of the state of Texas. In addition, BOKF, NA does business as BOK Financial in the metropolitan areas of Phoenix, Arizona; Northwest Arkansas; Denver, Colorado; Kansas City, Missouri/Kansas; and as Bank of Albuquerque in Albuquerque, New Mexico. BOKF, NA also operates the TransFund electronic funds network, Cavanal Hill Investment Management, and BOK Financial Asset Management, Inc. Use of Estimates Preparation of BOK Financial's Consolidated Financial Statements requires management to make estimates of future economic activities, including loan collectability, loss contingencies, prepayments and cash flows from customer accounts. These estimates are based upon current conditions and information available to management. Actual results may differ significantly from these estimates. Acquisitions Assets and liabilities acquired, including identifiable intangible assets, are recorded at fair value on the acquisition date. The purchase price includes consideration paid at closing and the estimated fair value of contingent consideration that will be paid in the future, subject to achieving defined performance criteria. Premiums and discounts assigned to interest-earning assets and interest-bearing liabilities are amortized over the lives of the acquired assets and liabilities on either an individual instrument or pool basis. Goodwill is recognized as the excess of the purchase price over the net fair value of assets acquired and liabilities assumed. Acquired loans with more than an insignificant credit deterioration since inception are recorded at fair value plus a gross-up amount which is offset by an allowance for credit losses. Acquired loans without a more than insignificant credit deterioration since inception are recorded at fair value. An allowance for credit losses is recognized through a provision for credit losses, similar to origination loans. The Consolidated Statements of Earnings include the results of operations from the acquisition date. Goodwill and Intangible Assets Goodwill for each reporting unit is evaluated for impairment annually as of October 1st or more frequently if conditions indicate that impairment may have occurred. The evaluation of possible goodwill impairment involves significant judgment based upon short-term and long-term projections of future performance. Reporting units are defined by the Company as significant lines of business within each operating segment. This definition is consistent with the manner in which the chief operating decision maker assesses the performance of the Company and makes decisions concerning the allocation of resources. During the evaluation for impairment, management qualitatively assesses whether it is more likely than not that the fair value of the reporting units is less than their carrying value. Reporting unit carrying value includes sufficient capital to exceed regulatory requirements plus goodwill. This assessment includes consideration of relevant events and circumstances including, but not limited to, macroeconomic conditions, industry and market conditions, the financial and stock performance of the Company and other relevant factors. Specifically, the analysis may include: • General economic conditions including overall economic activity, consumer spending and mobility, unemployment rates, consumer confidence, and duration and severity of any current market moving instability. • Global health concerns including ongoing pandemics or potential for widespread health issues, the future course of a pandemic and the potential for medical advances. • Regional economic conditions including demand for oil and price stability of oil, other overarching conditions that may be affecting any of the Company's primary states such as weather or other catastrophes, pandemics and health related lockdowns, or other state mandates. • Industry conditions including federal funds rate movement by the Federal Reserve, the interest rate environment and the resulting effect on net interest revenue and operating revenue, and regulatory mandates that hinder or provide relief to the financial services industry. • Company specific conditions including current and forecasted income, changes in stock price, the Company's stock price compared to peers and other indexes, book value per share compared to fair value per share, goodwill compared to total shareholders' equity, current capital and liquidity position, demand for products and services, health of the loan portfolio and other credit related factors, and current credit ratings with the ratings agencies, and regulatory ratings. • Reporting unit performance and forecasts including any event that may significantly impact a reporting unit. If management concludes based on the qualitative assessment that goodwill may be impaired, a quantitative impairment test will be applied to goodwill at all reporting units. The quantitative analysis compares the fair value of the reporting unit with its carrying value. The fair value of each reporting unit is estimated by the discounted future earnings method. Goodwill is considered impaired if the fair value of the reporting unit is less than the carrying value of the reporting unit, including goodwill. Both the qualitative assessment and quantitative analysis require significant management judgment, including estimates of changes in future economic conditions and their underlying causes and duration, the reasonableness and effectiveness of management's responses to those changes, changes in governmental fiscal and monetary policies, and fair value measurements based largely on significant unobservable inputs. The results of these judgments may have a significant impact on the Company's reported results of operations. Intangible assets are generally composed of customer relationships, naming rights, non-compete agreements and core deposit premiums. They are amortized using accelerated or straight-line methods, as appropriate, over the estimated benefit periods. These periods range from 3 years to 20 years. The net book values of identifiable intangible assets are evaluated for impairment when economic conditions indicate impairment may exist. Cash Equivalents Due from banks, funds sold (generally federal funds sold for one day), resell agreements (which generally mature within one day to 30 days) and investments in money market funds are considered cash equivalents. Securities Securities are identified as trading, investment (held to maturity) or available for sale at the time of purchase based upon the intent of management, liquidity and capital requirements, regulatory limitations and other relevant factors. Trading securities, which are acquired for profit through resale, are carried at fair value with unrealized gains and losses included in current period earnings. Investment securities are carried at amortized cost. Amortization is computed by methods that approximate level yield and is adjusted for changes in prepayment estimates. Securities identified as available for sale are carried at fair value. Unrealized gains and losses are recorded, net of deferred income taxes, as accumulated other comprehensive income in shareholders' equity. Available for sale securities are separately identified as pledged to creditors if the creditor has the right to sell or re-pledge the collateral. The purchase or sale of securities is recognized on a trade date basis. Realized gains and losses on sales of securities are based upon specific identification of the security sold. A receivable or payable is recognized for subsequent transaction settlement. On a quarterly basis, the Company performs separate evaluations of debt investment and available for sale securities for the presence of impairment. We assess whether impairment is present on an individual security basis when the fair value of a debt security is less than the amortized cost. Management determines whether it intends to sell or if it is more likely than not that it will be required to sell impaired securities. This determination considers current and forecasted liquidity requirements and securities portfolio management. If the Company intends to sell or it is more likely than not that it will be required to sell the impaired debt security, a charge is recognized against earnings for the entire unrealized loss. For all impaired debt securities for which there is no intent or expected requirement to sell, the evaluation considers all available evidence to assess whether it is more likely than not that all amounts due would not be collected according to the security's contractual terms and whether there is any impairment attributable to credit-related factors. If an impairment exists, the amount attributed to credit-related factors is measured and an allowance for credit loss is recognized. Declines in fair value that are not recorded in the allowance are recorded in other comprehensive income, net of taxes. BOK Financial may elect to carry certain securities that are not held for trading purposes at fair value with changes in fair value recognized in current period income. These securities are held with the intent that gains or losses will offset changes in the fair value of mortgage servicing rights or other financial instruments. Restricted equity securities represent equity interests the Company is required to hold in the Federal Reserve Banks and Federal Home Loan Banks. Restricted equity securities are carried at cost as these securities do not have a readily determined fair value because ownership of these shares is restricted and they lack a market. The fair value of our securities portfolio is generally based on a single price for each financial instrument provided to us by a third-party pricing service determined by one or more of the following: • Quoted prices for similar, but not identical, assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in inactive markets; • Inputs other than quoted prices that are observable, such as interest rate and yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates; and • Other inputs derived from or corroborated by observable market inputs. The underlying methods used by the third-party pricing services are considered in determining the primary inputs used to determine fair values. We evaluate the methodologies employed by the third-party pricing services by comparing the price provided by the pricing service with other sources, including brokers' quotes, sales or purchases of similar instruments and discounted cash flows to establish a basis for reliance on the pricing service values. Significant differences between the pricing service provided value and other sources are discussed with the pricing service to understand the basis for their values. Based on all observable inputs, management may adjust prices obtained from third-party pricing services to more appropriately reflect the prices that would be received to sell assets or paid to transfer liabilities in orderly transactions in the current market. Derivative Instruments Derivative instruments may be used by the Company as part of its internal risk management programs or may be offered to customers. All derivative instruments are carried at fair value and changes in fair value are generally reported in income as they occur. The determination of fair value of derivative instruments considers changes in interest rates, commodity prices and foreign exchange rates. Fair values for exchange-traded contracts are based on quoted prices in an active market for identical instruments. Fair values for over-the-counter contracts are generated internally using third-party valuation models. Inputs used in third-party valuation models to determine fair values are considered significant other observable inputs. Credit risk is also considered in determining fair value. Deterioration in the credit rating of customers or other counterparties reduces the fair value of asset contracts. Deterioration of our credit rating could decrease the fair value of our derivative liabilities. When bilateral netting agreements or similar agreements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract by counterparty basis. Derivative contracts may also require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral in the event of default is reasonably assured. BOK Financial offers programs that permit its customers to manage various risks, including fluctuations in energy, interest rates, foreign exchange rates, and other commodities with derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by the borrower to modify interest rate terms of their loans. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize market risk from changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in Other Operating Revenue - Brokerage and trading revenue in the Consolidated Statements of Earnings. BOK Financial may offer derivative instruments such as to-be-announced U.S. agency residential mortgage-backed securities to mortgage banking customers to enable them to manage their market risk or to mitigate the Company's market risk of holding trading securities. Changes in the fair value of derivative instruments for trading purposes or used to mitigate the market risk of holding trading securities are included in Other Operating Revenue - Brokerage and trading revenue. BOK Financial may use derivative instruments in managing its interest rate sensitivity, as part of its economic hedge of the changes in the fair value of mortgage servicing rights. Changes in the fair value of derivative instruments used in managing interest rate sensitivity and as part of its economic hedge of changes in the fair value of mortgage servicing rights are included in Other Operating Revenue - Gain (loss) on derivatives, net in the Consolidated Statements of Earnings. BOK Financial also enters into mortgage loan commitments that are considered derivative contracts. Forward sales contracts that have not been designated as hedging instruments are used to economically hedge these mortgage loan commitments as well as mortgage loans held for sale. Mortgage loan commitments, forward sales contracts, and residential mortgage loans held for sale are carried at fair value. Changes in the fair value are reported in Other Operating Revenue - Mortgage banking revenue. Loans Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower's financial difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. Interest is accrued at the applicable interest rate on the outstanding principal amount. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when 90 days or more past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Payments received on nonaccruing loans are applied to principal or recognized as interest income, according to management's judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower's financial condition or a sustained period of performance. For loans acquired with no evidence of credit deterioration, discounts are accreted on either an individual basis for loans with unique characteristics or on a pool basis for groups of homogeneous loans. Accretion is discontinued when a loan with an individually attributed discount is placed on nonaccruing status. Loans to borrowers experiencing financial difficulties may be modified in troubled debt restructurings ("TDRs"). TDRs are generally classified as nonaccruing, excluding loans guaranteed by U.S. government agencies. Modifications generally consist of extension of payment terms or interest rate concessions and may result either voluntarily through negotiations with the borrower or involuntarily through court order. Payment deferrals of up to six months are generally considered to be short-term modifications. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. Performing loans may be renewed under the then current collateral, debt service ratio and other underwriting standards. Nonaccruing loans may also be renewed and will remain classified as nonaccruing. Occasionally, loans, other than residential mortgage loans, may be held for sale in order to manage credit concentration. These loans are carried at the lower of cost or fair value with gains or losses recognized in gain (loss) on assets. All loans are charged-off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a TDR. The charge-off amount is determined through an evaluation of available cash resources and collateral value. Internally risk graded loans are evaluated quarterly and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 days and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. Amortization does not anticipate loan prepayments. Net unamortized fees are recognized in full at time of payoff. We sell qualifying residential mortgage loans guaranteed by U.S. government agencies into GNMA pools. GNMA optional repurchase programs allow financial institutions to buy back individual delinquent mortgage loans that meet certain criteria from the securitized loan pool for which the institution provides servicing. At the servicer's option and without GNMA's prior authorization, the servicer may repurchase a delinquent loan for an amount equal to 100% of the remaining principal balance of the loan. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. The loans are considered to be impaired because we do not expect to receive all principal and interest based on the loan's contractual terms. A portion of the principal balance continues to be guaranteed; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of expected cash flows discounted at the original note rate plus a liquidity spread. These loans may be modified in TDRs in accordance with U.S. government agency guidelines. Interest continues to accrue at the modified rate. Loans repurchased from GNMA under the program may either be resold into GNMA pools after a performance period specified by the program or foreclosed and conveyed to the guarantors. Loans are disaggregated into portfolio segments and further disaggregated into classes. The portfolio segment is the level at which the Company develops and documents a systematic method for determining its Allowance for Credit Losses. Classes are based on the risk characteristics of the loans and the Company's method for monitoring and assessing credit risk. Allowances for Credit Losses and Accrual for Off-balance Sheet Credit Risk from Unfunded Loans Commitments The allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments represent the portion of the amortized cost basis of loans and related unfunded commitments that we do not expect to collect over the asset’s contractual life, considering past events, current conditions, and reasonable and supportable forecasts of future economic conditions. The appropriateness of the allowance for credit losses and accrual for off-balance sheet credit risk from unfunded loan commitments, including industry and product adjustments, is assessed quarterly by a senior management Allowance Committee. This review is based on an on-going evaluation of the estimated expected credit losses in the portfolio and on unused commitments to provide financing. A well documented methodology has been developed and is applied by an independent Credit Administration department to assure consistency across the Company. Because of the subjective forward-looking nature of the calculation, changes in these measures may not directly correlate with actual economic events. In future periods, management judgment may consider new or changed information which may cause significant changes in these allowances in those future periods. The allowance for loan losses consists of specific allowances attributed to certain individual loans, generally nonaccruing loans, with dissimilar risk characteristics that have not yet been charged down to amounts we expect to recover and general allowances for estimated credit losses on pools of loans that share similar risk characteristics. When full collection of principal or interest is uncertain, the loan’s risk characteristics have changed, and we exclude the loan from the general allowance pool, typically designating it as nonaccruing. For these loans, a specific allowance reflects the expected credit loss. We measure specific allowances for loans excluded from the general allowance pool by an evaluation of estimated future cash flows discounted at the loan's initial effective interest rate or the fair value of collateral for certain collateral dependent loans. For a non-collateral dependent loan, the specific allowance is the amount by which the loan’s amortized cost basis exceeds its net realizable value. We measure the specific allowance for collateral dependent loans as the amount by which the loan’s amortized cost basis exceeds its fair value. When repayment is expected to be provided substantially through the sale of collateral, we deduct estimated selling costs from the collateral’s fair value. Generally, third party appraisals that conform to Uniform Standards of Professional Appraisal Practice serve as the basis for the fair value of real property held as collateral. These appraised values are on an "as-is" basis and generally are not adjusted by the Company. We obtain updated appraisals at least annually or more frequently if market conditions indicate collateral values may have declined. For energy loans, our internal staff of engineers generally determines collateral value of mineral rights based on projected cash flows from proven oil and gas reserves under existing economic and operating conditions. Our special assets staff generally determines the value of other collateral based on projected liquidation cash flows under current market conditions. We evaluate collateral values and available cash resources quarterly. Historical statistics may be used to estimate specific allowances in limited situations, such as when a collateral dependent loan is removed from the general allowance pool near the end of a reporting period until an appraisal of collateral value is received or a full assessment of future cash flows is completed. General allowances estimate expected credit losses on pools of loans sharing similar risk characteristics that are expected to occur over the loan’s estimated remaining life. The loan’s estimated remaining life represents the contractual term adjusted for amortization, estimates of prepayments, and borrower-owned extension options. Approximately 90% of the committed dollars in the loan portfolio is risk graded loans with general allowance model inputs that include probability of default, loss given default, and exposure at default. Probability of default is based on the migration of loans from performing to nonperforming using historical life of loan analysis periods. Loss given default is based on the aggregate losses incurred, net of estimated recoveries. Exposure at default represents an estimate of the outstanding amount of credit exposure at the time a default may occur. Charge-off migration is used to calculate the general allowance for the majority of non-risk graded loans to individuals. The expected credit loss on less than 10% of the committed dollars in the portfolio is calculated using charge-off migration. The expected credit loss on approximately 1% of the committed dollars in the portfolio is calculated using a non-modeled approach. Specifically, the calculation applies a long-term net charge-off rate to the loan balances, adjusted for the weighted average remaining maturity of each portfolio. In estimating the expected credit losses for general allowances on performing risk-graded loans, each portfolio class is assigned relevant economic loss drivers which best explain variations in portfolio net loss rates. The probability of default estimates for each portfolio class are adjusted for current and forecasted economic conditions. The result is applied to the exposure at default and loss given default to calculate the lifetime expected credit loss estimate. Selection of relevant economic loss drivers is re-evaluated periodically and involves statistical analysis as well as management judgment. The unemployment rate factors significantly in the allowance for loan losses calculation, affecting commercial and loans to individuals segments. Other primary factors impacting the commercial portfolio include BBB corporate spreads, real gross domestic product growth rate, and energy commodity prices. The primary commercial real estate variables are vacancy rate and BBB corporate spreads. In addition to the unemployment rate, the forecast for loans to individuals is tied to home price index. The forecasts may include regional economic factors when localized conditions diverge from national conditions. An Economic Forecast Committee, consisting of senior management with members largely independent of the allowance process, develops a twelve-month forward-looking forecast for the relevant economic loss drivers. Management develops these forecasts based on external data as well as a view of future economic conditions, which may include adjustments for regional conditions. The forecast includes three economic scenarios and probability weights for each scenario. The base forecast represents management's view of the most likely outcome, while the downside forecast reflects reasonably possible worsening economic conditions, and the upside forecast projects reasonably possible improving conditions. At the end of the one-year reasonable and supportable forecast period, we transition from shorter-term expected losses to long-term loss averages for the loan’s estimated remaining life. The difference between short-term loss forecasts and long-term loss averages is run-off over the reversion horizon, up to three years, depending on the forecasted economic scenarios. General allowances also consider the estimated impact of factors that are not captured in the modeled results or historical experience. These factors may increase or decrease modeled results by amounts determined by the Allowance Committee. Factors not captured in modeled results or historical experience may include for example, new lines of business, market conditions that have not been previously encountered, observed changes in credit risk that are not yet reflected in macro-economic factors, or economic conditions that impact loss given default assumptions. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees that are not unconditionally cancellable by the bank. This accrual is included in other liabilities in the Consolidated Balance Sheets. The appropriateness of the accrual is determined in the same manner as the allowance for loan losses, with the added consideration of commitment usage over the remaining life for those loans that the bank can not unconditionally cancel. A provision for credit losses is charged against or credited to earnings in amounts necessary to maintain an appropriate Allowance for Credit Losses. Recoveries of loans previously charged off are added to the allowance when received. Real Estate and Other Repossessed Assets Real estate and other repossessed assets are acquired in partial or total forgiveness of loans. |
Securities
Securities | 12 Months Ended |
Dec. 31, 2022 | |
Marketable Securities [Abstract] | |
Securities [Text Block] | Securities Trading Securities The fair value and net unrealized gain (loss) included in trading securities is as follows (in thousands): December 31, 2022 December 31, 2021 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) U.S. government securities $ 9,823 $ (16) $ 23,610 $ 40 Residential agency mortgage-backed securities 4,406,848 4 9,068,900 (9,338) Municipal securities 21,484 (136) 25,783 34 Other trading securities 26,006 (175) 18,520 (26) Total trading securities $ 4,464,161 $ (323) $ 9,136,813 $ (9,290) Investment Securities The amortized cost and fair values of investment securities are as follows (in thousands): December 31, 2022 Amortized Carrying Fair Gross Unrealized Cost Value 1 Value Gain Loss Municipal securities $ 170,629 $ 170,629 $ 176,621 $ 6,456 $ (464) Mortgage-backed securities: Residential agency 2,538,565 2,315,219 2,143,360 155 (172,014) Commercial agency 17,259 15,609 14,588 — (1,021) Other debt securities 12,788 12,788 12,199 — (589) Total investment securities $ 2,739,241 $ 2,514,245 $ 2,346,768 $ 6,611 $ (174,088) Allowance for credit losses (558) (558) — — — Investment securities, net of allowance $ 2,738,683 $ 2,513,687 $ 2,346,768 $ 6,611 $ (174,088) 1 Carrying value includes $225 million of net unrealized loss which remains in Accumulated Other Comprehensive Income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio. December 31, 2021 Amortized Carrying Fair Gross Unrealized Cost Value Value Gain Loss Municipal securities $ 203,772 $ 203,772 $ 223,609 $ 19,851 $ (14) Residential agency mortgage-backed securities 6,939 6,939 7,500 561 — Other debt securities 288 288 286 — (2) Total investment securities $ 210,999 $ 210,999 $ 231,395 $ 20,412 $ (16) Allowance for credit losses (555) (555) — — — Investment securities, net of allowance $ 210,444 $ 210,444 $ 231,395 $ 20,412 $ (16) The amortized cost and fair values of investment securities at December 31, 2022, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Carrying value $ 23,329 $ 103,089 $ 67,660 $ 4,948 $ 199,026 4.33 Fair value 23,440 109,073 65,947 4,948 203,408 Residential mortgage-backed securities: Carrying value $ 2,315,219 2 Fair value 2,143,360 Total investment securities: Carrying value $ 2,514,245 Fair value 2,346,768 1 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 5.4 years based upon current prepayment assumptions. Temporarily Impaired Investment Securities (In thousands): December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 22 $ 18,037 $ 406 $ 544 $ 58 $ 18,581 $ 464 Mortgage-backed securities: Residential agency 116 $ 2,142,114 $ 172,014 $ — $ — $ 2,142,114 $ 172,014 Commercial agency 2 $ 14,588 $ 1,021 $ — $ — $ 14,588 $ 1,021 Other debt securities 3 $ 9,428 $ 571 $ 257 $ 18 $ 9,685 $ 589 Total investment securities 143 $ 2,184,167 $ 174,012 $ 801 $ 76 $ 2,184,968 $ 174,088 December 31, 2021 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 1 $ — $ — $ 587 $ 14 $ 587 $ 14 Other debt securities 2 273 2 — — 273 2 Total investment securities 3 $ 273 $ 2 $ 587 $ 14 $ 860 $ 16 Available for Sale Securities The amortized cost and fair value of available for sale securities are as follows (in thousands): December 31, 2022 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,000 $ 898 $ — $ (102) Municipal securities 687,875 624,500 321 (63,696) Mortgage-backed securities: Residential agency 6,161,358 5,814,496 13,085 (359,947) Residential non-agency 616,423 577,576 11,776 (50,623) Commercial agency 4,892,257 4,475,917 3,479 (419,819) Other debt securities 500 473 — (27) Total available for sale securities $ 12,359,413 $ 11,493,860 $ 28,661 $ (894,214) December 31, 2021 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,001 $ 1,000 $ — $ (1) Municipal securities 515,551 508,365 1,302 (8,488) Mortgage-backed securities: Residential agency 7,908,587 8,006,616 155,477 (57,448) Residential non-agency 10,625 24,339 13,714 — Commercial agency 4,628,172 4,617,025 36,868 (48,015) Other debt securities 500 472 — (28) Total available for sale securities $ 13,064,436 $ 13,157,817 $ 207,361 $ (113,980) The amortized cost and fair values of available for sale securities at December 31, 2022, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Amortized cost $ 121,279 $ 2,529,961 $ 2,396,317 $ 534,075 $ 5,581,632 6.11 Fair value 118,907 2,358,353 2,126,561 497,967 5,101,788 Residential mortgage-backed securities: Amortized cost $ 6,777,781 2 Fair value 6,392,072 Total available-for-sale securities: Amortized cost $ 12,359,413 Fair value 11,493,860 1 Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 4.4 years based upon current prepayment assumptions. Sales of available for sale securities resulted in gains and losses as follows (in thousands): Year Ended December 31, 2022 2021 2020 Proceeds $ 307,481 $ 622,881 $ 384,507 Gross realized gains 5,054 5,702 9,976 Gross realized losses (6,025) (1,998) (66) Related federal and state income tax expense (227) 889 2,524 The fair value of debt securities pledged as collateral for repurchase agreements, public trust funds on deposit and for other purposes, as required by law was $11.2 billion at December 31, 2022 and $10.2 billion at December 31, 2021. The secured parties do not have the right to sell or re-pledge these securities. Temporarily Impaired Available for Sale Securities (In thousands) December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ — $ — $ 899 $ 102 $ 899 $ 102 Municipal securities 227 146,634 5,301 428,248 58,395 574,882 63,696 Mortgage-backed securities: Residential agency 613 $ 3,879,582 $ 256,973 $ 863,732 $ 102,974 $ 4,743,314 $ 359,947 Residential non-agency 26 499,716 50,623 — — 499,716 50,623 Commercial agency 285 1,647,778 63,701 2,535,816 356,118 4,183,594 419,819 Other debt securities 1 — — 473 27 473 27 Total available for sale securities 1,153 $ 6,173,710 $ 376,598 $ 3,829,168 $ 517,616 $ 10,002,878 $ 894,214 December 31, 2021 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ 1,000 $ 1 $ — $ — $ 1,000 $ 1 Municipal securities 175 423,575 7,762 22,476 726 446,051 8,488 Mortgage-backed securities: Residential agency 120 $ 2,382,094 $ 37,121 $ 750,044 $ 20,327 $ 3,132,138 $ 57,448 Commercial agency 165 2,104,689 35,488 703,216 12,527 2,807,905 48,015 Other debt securities 1 — — 472 28 472 28 Total available for sale securities 462 $ 4,911,358 $ 80,372 $ 1,476,208 $ 33,608 $ 6,387,566 $ 113,980 No credit impairment of available for sale securities was identified in 2022. Unrealized losses are related to changes in interest rates subsequent to purchase and are not attributable to credit. Based on evaluations of impaired securities as of December 31, 2022, the Company does not intend to sell any impaired available for sale securities before fair value recovers to the current amortized cost, and it is more-likely-than-not that the Company will not be required to sell impaired securities before fair value recovers, which may be maturity. Fair Value Option Securities Fair value option securities represent securities which the Company has elected to carry at fair value and are separately identified on the Consolidated Balance Sheets with changes in the fair value recognized in earnings as they occur. Certain residential mortgage-backed securities issued by U.S. government agencies and derivative contracts are held as an economic hedge of the mortgage servicing rights. The fair value and net unrealized gain (loss) included in fair value option securities is as follows (in thousands): December 31, 2022 December 31, 2021 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) Residential agency mortgage-backed securities $ 296,590 $ 338 $ 43,770 $ 1,591 |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instrument Detail [Abstract] | |
Derivatives [Text Block] | Derivatives The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2022 (in thousands): Assets 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: Interest rate contracts $ 2,629,318 $ 158,825 $ — $ 158,825 $ (114,955) $ 43,870 Energy contracts 7,918,020 1,232,283 (594,543) 637,740 (67,024) 570,716 Foreign exchange contracts 219,791 216,569 — 216,569 — 216,569 Equity option contracts 21,102 193 — 193 (109) 84 Total customer risk management programs 10,788,231 1,607,870 (594,543) 1,013,327 (182,088) 831,239 Trading 17,400,037 126,910 (74,647) 52,263 (4,646) 47,617 Interest rate risk management programs 85,000 1,500 (13) 1,487 — 1,487 Total derivative contracts $ 28,273,268 $ 1,736,280 $ (669,203) $ 1,067,077 $ (186,734) $ 880,343 Liabilities Notional¹ Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,629,122 $ 158,816 $ — $ 158,816 $ — $ 158,816 Energy contracts 8,696,060 1,242,058 (594,543) 647,515 (484,319) 163,196 Foreign exchange contracts 214,855 211,233 — 211,233 (7) 211,226 Equity option contracts 21,102 193 — 193 — 193 Total customer risk management programs 11,561,139 1,612,300 (594,543) 1,017,757 (484,326) 533,431 Trading 14,038,906 94,958 (74,647) 20,311 (423) 19,888 Interest rate risk management programs 178,806 1,594 (13) 1,581 — 1,581 Total derivative contracts $ 25,778,851 $ 1,708,852 $ (669,203) $ 1,039,649 $ (484,749) $ 554,900 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2021 (in thousands): Assets 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: Interest rate contracts $ 2,614,162 $ 53,881 $ (10,101) $ 43,780 $ — $ 43,780 Energy contracts 6,360,095 1,168,363 (375,624) 792,739 — 792,739 Foreign exchange contracts 216,272 215,148 — 215,148 — 215,148 Equity option contracts 42,136 755 — 755 (242) 513 Total customer risk management programs 9,232,665 1,438,147 (385,725) 1,052,422 (242) 1,052,180 Trading 35,592,751 139,694 (104,326) 35,368 (721) 34,647 Internal risk management programs 869,506 10,687 (217) 10,470 — 10,470 Total derivative contracts $ 45,694,922 $ 1,588,528 $ (490,268) $ 1,098,260 $ (963) $ 1,097,297 Liabilities Notional¹ Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,614,162 $ 54,062 $ (10,101) $ 43,961 $ (33,870) $ 10,091 Energy contracts 6,480,840 1,210,946 (375,624) 835,322 (803,102) 32,220 Foreign exchange contracts 208,381 207,119 — 207,119 (447) 206,672 Equity option contracts 42,136 755 — 755 — 755 Total customer risk management programs 9,345,519 1,472,882 (385,725) 1,087,157 (837,419) 249,738 Trading 41,285,649 152,947 (104,326) 48,621 (24,074) 24,547 Internal risk management programs 298,832 1,557 (217) 1,340 — 1,340 Total derivative contracts $ 50,930,000 $ 1,627,386 $ (490,268) $ 1,137,118 $ (861,493) $ 275,625 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the Consolidated Statements of Earnings (in thousands): Year Ended December 31, 2022 2021 2020 Brokerage Gain (Loss) Brokerage Gain (Loss) Brokerage Gain (Loss) Customer risk management programs: Interest rate contracts $ 10,690 $ — $ 5,503 $ — $ 4,507 $ — Energy contracts 34,435 — 14,190 — 17,287 — Agricultural contracts — — 27 — 34 — Foreign exchange contracts 591 — 712 — 921 — Equity option contracts — — — — — — Total customer risk management programs 45,716 — 20,432 — 22,749 — Trading 1 48,616 — (11,453) — 8,255 — Internal risk management programs — (73,011) — (19,378) — 42,320 Total derivative contracts $ 94,332 $ (73,011) $ 8,979 $ (19,378) $ 31,004 $ 42,320 1 Includes changes in fair value of to-be-announced U.S. agency residential mortgage-backed securities and other derivative instruments offered to mortgage banking customers to manage their market risk or held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and trading revenue in the Consolidated Statement of Earnings. As discussed in Note 7, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 7 for additional discussion of notional, fair value and impact on earnings of these contracts. No derivative contracts have been designated as hedging instruments for financial reporting purposes. |
Loans and Allowances for Credit
Loans and Allowances for Credit Losses | 12 Months Ended |
Dec. 31, 2022 | |
Loans and Leases Receivable, Net Amount [Abstract] | |
Loans [Text Block] | Loans and Allowances for Credit Losses The portfolio segments of the loan portfolio are as follows (in thousands): December 31, 2022 December 31, 2021 Fixed Variable Non-accrual Total Fixed Variable Non-accrual Total Commercial $ 3,378,110 $ 10,759,780 $ 60,297 $ 14,198,187 $ 3,360,117 $ 9,072,244 $ 74,104 $ 12,506,465 Commercial real estate 874,716 3,715,491 16,570 4,606,777 929,015 2,888,048 14,262 3,831,325 Paycheck protection program 14,312 — — 14,312 276,341 — — 276,341 Loans to individuals 2,099,165 1,593,779 44,930 3,737,874 2,037,792 1,508,064 45,693 3,591,549 Total $ 6,366,303 $ 16,069,050 $ 121,797 $ 22,557,150 $ 6,603,265 $ 13,468,356 $ 134,059 $ 20,205,680 Foregone interest on nonaccrual loans $ 6,796 $ 14,102 At December 31, 2022, loans to businesses and individuals with collateral primarily located in Texas totaled $7.3 billion or 32% of the total loan portfolio. Loans to businesses and individuals with collateral primarily located in Oklahoma totaled $3.5 billion or 16% of our total loan portfolio. Loans to businesses and individuals with collateral primarily located in Colorado totaled $2.5 billion or 11% of our total loan portfolio. Loans for which the collateral location is not relevant, such as unsecured loans and reserve-based energy loans, are distributed by the borrower’s primary operating location. These geographic concentrations subject the loan portfolio to the general economic conditions within these areas. At December 31, 2021, loans to businesses and individuals with collateral primarily located in Texas totaled $6.8 billion or 34% of the loan portfolio, loans to businesses and individuals with collateral primarily located in Oklahoma totaled $3.2 billion or 16% of the loan portfolio and loans to businesses and individuals with collateral primarily located in Colorado totaled $2.5 billion or 12% of the loan portfolio. Commercial Commercial loans represent loans for working capital, facilities acquisition or expansion, purchases of equipment and other needs of commercial customers primarily located within our geographical footprint. Commercial loans are underwritten individually and represent on-going relationships based on a thorough knowledge of the customer, the customer’s industry and market. While commercial loans are generally secured by the customer’s assets including real property, inventory, accounts receivable, operating equipment, interest in mineral rights and other property and may also include personal guarantees of the owners and related parties, the primary source of repayment of the loans is the on-going cash flow from operations of the customer’s business. Inherent lending risk is centrally monitored on a continuous basis from underwriting throughout the life of the loan for compliance with commercial lending policies. At December 31, 2022, commercial loans with collateral primarily located in Texas totaled $4.7 billion or 33% of the commercial loan portfolio segment. Commercial loans with collateral primarily located in Oklahoma totaled $2.1 billion or 15% of the commercial loan portfolio segment. Commercial loans with collateral primarily located in Colorado totaled $1.8 billion or 12% of the commercial loan portfolio segment. The commercial loan portfolio segment is further divided into loan classes. The services loan class totaled $3.4 billion or 15% of total loans. Approximately $1.6 billion of loans in the services class consisted of loans with individual balances of less than $10 million. Businesses included in the services class include Native American tribal and state and local municipal government entities, Native American tribal casino operations, educational services, foundations and not-for-profit organizations and specialty trade contractors. The energy loan class totaled $3.4 billion or 15% of total loans, including $2.7 billion of outstanding loans to energy producers. Approximately 72% of the committed production loans are secured by properties primarily producing oil and 28% of the committed production loans are secured by properties primarily producing natural gas. The healthcare loan class totaled $3.8 billion or 17% of total loans. The healthcare loan class consists primarily of loans for the development and operation of senior housing and care facilities, including independent living, assisted living and skilled nursing. Healthcare also includes loans to hospitals and other medical service providers. At December 31, 2021, commercial loans with collateral primarily located in Texas totaled $4.4 billion or 35% of the commercial loan portfolio segment, commercial loans with collateral primarily located in Oklahoma totaled $1.7 billion or 13% of the commercial loan portfolio segment and commercial loans with collateral primarily located in Colorado totaled $1.6 billion or 13% of the commercial loan portfolio segment. The services loan class totaled $3.4 billion or 17% of total loans. Approximately $1.7 billion of loans in the services category consisted of loans with individual balances of less than $10 million. The energy loan class totaled $3.0 billion or 15% of total loans, including $2.2 billion of outstanding loans to energy producers. At December 31, 2021, approximately 67% of committed production loans were secured by properties primarily producing oil and 33% were secured by properties producing natural gas. The healthcare loan class totaled $3.4 billion or 17% of total loans. Commercial Real Estate Commercial real estate loans are for the construction of buildings or other improvements to real estate and property held by borrowers for investment purposes primarily within our geographical footprint. We require collateral values in excess of the loan amounts, demonstrated cash flows in excess of expected debt service requirements, equity investment in the project and a portion of the project already sold, leased or permanent financing already secured. The expected cash flows from all significant new or renewed income producing property commitments are stress tested to reflect the risks in varying interest rates, vacancy rates and rental rates. As with commercial loans, inherent lending risks are centrally monitored on a continuous basis from underwriting throughout the life of the loan for compliance with applicable lending policies. At December 31, 2022, 30% of commercial real estate loans were secured by properties primarily located in the Dallas and Houston metropolitan areas of Texas and 9% of commercial real estate loans were secured by properties located primarily in the Tulsa and Oklahoma City metropolitan areas of Oklahoma. At December 31, 2021, 30% of commercial real estate loans are secured by properties primarily located in the Dallas and Houston metropolitan areas of Texas and 12% of commercial real estate loans were secured by properties located primarily in the Tulsa and Oklahoma City metropolitan areas of Oklahoma. Paycheck Protection Program BOK Financial actively participated in programs initiated by the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"), including the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") that began on April 3, 2020. PPP provided fully forgivable loans when utilized for qualified expenditures, including to help small businesses maintain payrolls during the COVID-19 pandemic. The remaining loans in the portfolio generally have a contractual term of five years, though most are expected to be forgiven prior to maturity after completion of a compliance period. Loans are guaranteed, and amounts forgiven will be reimbursed to the Company by the SBA. The loans carry a fixed interest rate of 1%. Interest plus loan fees, which vary depending on loan size, are accrued over the contractual life of the loan. Remaining unaccreted origination fees were not significant at December 31, 2022. Loans to Individuals Loans to individuals include residential mortgage and personal loans. Residential mortgage loans provide funds for our customers to purchase or refinance their primary residence or to borrow against the equity in their home. These loans are secured by a first or second mortgage on the customer's primary residence. Personal loans consist primarily of loans to Wealth Management clients secured by the cash surrender value of insurance policies and marketable securities. Personal loans also include direct loans secured by and for the purchase of automobiles, recreational and marine equipment as well as unsecured loans. These loans are made in accordance with underwriting policies we believe to be conservative and are fully documented. Loans may be individually underwritten or credit scored based on size and other criteria. Credit scoring is assessed based on significant credit characteristics including credit history, residential and employment stability. In general, we sell the majority of our conforming fixed rate residential mortgage loan originations in the secondary market and retain the majority of our non-conforming and adjustable-rate mortgage loans. Our mortgage loan portfolio does not include payment option adjustable rate mortgage loans or adjustable rate mortgage loans with initial rates that are below market. Home equity loans are primarily first-lien and fully amortizing. Residential mortgage loans guaranteed by U.S. government agencies have limited credit exposure because of the agency guarantee. This amount includes residential mortgage loans previously sold into GNMA mortgage pools that the Company may repurchase when certain defined delinquency criteria are met. Because of this repurchase right, the Company is deemed to have regained effective control over these loans and must include them on the Consolidated Balance Sheet. Approximately 91% of the loans in this segment are secured by collateral located within our geographical footprint. Loans for which the collateral location is less relevant, such as unsecured loans are categorized by the borrower’s primary location. Credit Commitments Commitments to extend credit are agreements to lend to a customer as long as there is no violation of conditions established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At December 31, 2022, outstanding commitments totaled $15.4 billion. Because some commitments are expected to expire before being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. BOK Financial uses the same credit policies in making commitments as it does loans. The amount of collateral obtained, if deemed necessary, is based upon management’s credit evaluation of the borrower. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Because the credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan commitments, BOK Financial uses the same credit policies in evaluating the creditworthiness of the customer. Additionally, BOK Financial uses the same evaluation process in obtaining collateral on standby letters of credit as it does for loan commitments. The term of these standby letters of credit is defined in each commitment and typically corresponds with the underlying loan commitment. At December 31, 2022, outstanding standby letters of credit totaled $740 million. Allowances for Credit Losses and Accrual for Off-balance Sheet Credit Risk from Unfunded Loans Commitments BOK Financial maintains an allowance for loan losses and accrual for off-balance sheet credit risk from unfunded commitments. The allowance consists of specific allowances attributed to certain individual loans, generally nonaccruing loans, with dissimilar risk characteristics that have not yet been charged down to amounts we expect to recover and general allowances for estimated credit losses on pools of loans that share similar risk characteristics based on probability of default, loss given default and exposure at default for each loan class developed based on current and forecasted relevant economic loss drivers. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees that are not unconditionally cancellable by the bank. The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the year ended December 31, 2022 is summarized as follows (in thousands): Commercial Commercial Real Estate Paycheck Loans to Nonspecific Allowance Total Allowance for loan losses: Beginning balance $ 162,056 $ 58,553 $ — $ 35,812 $ — $ 256,421 Provision for loan losses (12,782) (813) — 14,023 — 428 Loans charged off (22,382) (269) — (6,095) — (28,746) Recoveries of loans previously charged off 4,694 177 — 2,730 — 7,601 Ending balance $ 131,586 $ 57,648 $ — $ 46,470 $ — $ 235,704 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 13,812 $ 17,442 $ — $ 1,723 $ — $ 32,977 Provision for off-balance sheet credit risk 4,434 23,048 — 460 — 27,942 Ending balance $ 18,246 $ 40,490 $ — $ 2,183 $ — $ 60,919 A $30.0 million provision for credit losses was recorded for the year ended December 31, 2022, primarily due to strong growth in loans and loan commitments, partially offset by improvement in credit quality metrics. The uncertainty in our economic forecast increased resulting in an increase in the probability weighting of the downside scenario. In addition, some key economic factors were less favorable to growth across all scenarios. The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the year ended December 31, 2021 is summarized as follows (in thousands): Commercial Commercial Real Estate Paycheck Loans to Nonspecific Allowance Total Allowance for loan losses: Beginning balance $ 254,934 $ 86,558 $ — $ 47,148 $ — $ 388,640 Provision for loan losses (59,326) (26,522) — (9,354) — (95,202) Loans charged off (43,956) (2,485) — (4,910) — (51,351) Recoveries of loans previously charged off 10,404 1,002 — 2,928 — 14,334 Ending balance $ 162,056 $ 58,553 $ — $ 35,812 $ — $ 256,421 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 14,422 $ 20,571 $ — $ 1,928 $ — $ 36,921 Provision for off-balance sheet credit risk (610) (3,129) — (205) — (3,944) Ending balance $ 13,812 $ 17,442 $ — $ 1,723 $ — $ 32,977 The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit is for the year ended December 31, 2020 summarized as follows (in thousands): Commercial Commercial Real Estate Paycheck Protection Program Loans to Individuals Nonspecific Allowance Total Allowance for loan losses: Beginning balance $ 118,187 $ 51,805 $ — $ 23,572 $ 17,195 $ 210,759 Transition adjustment 33,681 (4,620) — 13,943 (17,195) 25,809 Beginning balance, adjusted 151,868 47,185 — 37,515 — 236,568 Provision for loan losses 171,800 40,407 — 10,253 — 222,460 Loans charged off (73,370) (1,300) — (4,729) — (79,399) Recoveries 4,636 266 — 4,109 — 9,011 Ending balance $ 254,934 $ 86,558 $ — $ 47,148 $ — $ 388,640 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance 1,434 107 — 44 — 1,585 Transition adjustment 10,144 11,660 — 1,748 — 23,552 Beginning balance, adjusted 11,578 11,767 — 1,792 — 25,137 Provision for off-balance sheet credit losses 2,844 8,804 — 136 — 11,784 Ending balance $ 14,422 $ 20,571 $ — $ 1,928 $ — $ 36,921 The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2022 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 14,137,890 $ 127,566 $ 60,297 $ 4,020 $ 14,198,187 $ 131,586 Commercial real estate 4,590,207 56,098 16,570 1,550 4,606,777 57,648 Paycheck protection program 14,312 — — — 14,312 — Loans to individuals 3,692,944 46,470 44,930 — 3,737,874 46,470 Total $ 22,435,353 $ 230,134 $ 121,797 $ 5,570 $ 22,557,150 $ 235,704 The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2021 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 12,432,361 $ 158,063 $ 74,104 $ 3,993 $ 12,506,465 $ 162,056 Commercial real estate 3,817,063 56,204 14,262 2,349 3,831,325 58,553 Paycheck protection program 276,341 — — — 276,341 — Loans to individuals 3,545,856 35,812 45,693 — 3,591,549 35,812 Total $ 20,071,621 $ 250,079 $ 134,059 $ 6,342 $ 20,205,680 $ 256,421 Credit Quality Indicators The Company utilizes risk grading as primary credit quality indicators as it influences the probability of default which is a key attribute in the expected credit losses calculation. Substantially all commercial as well as commercial real estate loans and certain loans to individuals are risk graded based on a quarterly evaluation of the borrowers’ ability to repay the loans. Certain commercial loans and most loans to individuals are small, homogeneous pools that are not risk-graded. The credit quality of these loans is based on past due days in accordance with regulatory guidelines. We have included in the credit quality indicator "pass" loans that are in compliance with the original terms of the agreement and currently exhibit no factors that cause management to have doubts about the borrowers’ ability to remain in compliance with the original terms of the agreement, which is consistent with the regulatory guideline of "pass." This also includes past due residential mortgages that are guaranteed by agencies of the U.S. government that continue to accrue interest based on criteria of the guarantors’ programs. Other loans especially mentioned ("Special Mention") are currently performing in compliance with the original terms of the agreement but may have a potential weakness that deserves management’s close attention, consistent with regulatory guidelines. Non-graded loans 30 to 59 days past due are categorized as Special Mention. The risk grading process identifies certain loans that have a well-defined weakness (for example, inadequate debt service coverage or liquidity or marginal capitalization; repayment may depend on collateral or other risk mitigation) that may jeopardize liquidation of the debt and represent a greater risk due to deterioration in the financial condition of the borrower. This is consistent with the regulatory guideline for "substandard." Because the borrowers are still performing in accordance with the original terms of the loan agreements, these loans remain on accruing status. Non-graded loans 60 to 89 days past due are categorized as Accruing Substandard. Nonaccruing loans represent loans for which full collection of principal and interest is uncertain. This includes certain loans considered "substandard" and all loans considered "doubtful" by regulatory guidelines. Non-graded loans 90 or more days past due are categorized as Nonaccrual. Probability of default is lowest for pass graded loans and increases for each credit quality indicator, Special Mention, and Accruing Substandard. Vintage represents the year of origination, except for revolving loans which are considered in aggregate. Loans that were once revolving but have converted to term loans without additional underwriting appear in a separate vintage column. The following table summarizes the Company's loan portfolio at December 31, 2022 by the risk grade categories and vintage (in thousands): Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Healthcare Pass $ 932,097 $ 604,886 $ 476,854 $ 404,204 $ 464,989 $ 618,163 $ 245,898 $ 20 $ 3,747,111 Special Mention — — — 20,071 — 18,859 4 — 38,934 Accruing Substandard — — — — — 14,304 3,634 — 17,938 Nonaccrual — — — 26,480 6,373 8,181 — — 41,034 Total healthcare 932,097 604,886 476,854 450,755 471,362 659,507 249,536 20 3,845,017 Energy Pass 157,745 76,951 30,284 12,783 5,992 4,980 3,104,906 — 3,393,641 Accruing Substandard — — — 664 385 683 28,018 — 29,750 Nonaccrual — — — — — 159 1,240 — 1,399 Total energy 157,745 76,951 30,284 13,447 6,377 5,822 3,134,164 — 3,424,790 Services Pass 821,785 496,510 286,085 193,481 156,736 696,300 722,371 639 3,373,907 Special Mention 502 5,139 989 771 894 1,345 8,668 — 18,308 Accruing Substandard — — — 2,459 43 2,789 17,665 122 23,078 Nonaccrual — 5,570 449 — — 2,389 7,820 — 16,228 Total services 822,287 507,219 287,523 196,711 157,673 702,823 756,524 761 3,431,521 General business Pass 725,894 358,383 187,418 172,878 139,140 283,694 1,570,536 2,329 3,440,272 Special Mention 17,759 13,065 208 71 7 2,291 7,094 26 40,521 Accruing Substandard — 2,169 66 4,130 4,680 3,287 94 4 14,430 Nonaccrual — — 1,052 14 72 5 485 8 1,636 Total general business 743,653 373,617 188,744 177,093 143,899 289,277 1,578,209 2,367 3,496,859 Total commercial 2,655,782 1,562,673 983,405 838,006 779,311 1,657,429 5,718,433 3,148 14,198,187 Commercial real estate: Pass 1,188,483 1,158,002 552,616 641,102 247,625 633,304 161,616 — 4,582,748 Accruing Substandard — — — 7,459 — — — — 7,459 Nonaccrual — — — — — 16,570 — — 16,570 Total commercial real estate 1,188,483 1,158,002 552,616 648,561 247,625 649,874 161,616 — 4,606,777 Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Paycheck protection program: Pass — 3,456 10,856 — — — — — 14,312 Total paycheck protection program — 3,456 10,856 — — — — — 14,312 Loans to individuals: Residential mortgage Pass 354,497 373,190 393,002 63,142 40,525 260,625 352,126 22,176 1,859,283 Special Mention — 81 42 — 142 388 527 87 1,267 Accruing Substandard — — 187 — — 138 117 1 443 Nonaccrual 32 1,656 2,717 362 1,904 20,139 2,216 765 29,791 Total residential mortgage 354,529 374,927 395,948 63,504 42,571 281,290 354,986 23,029 1,890,784 Residential mortgage guaranteed by U.S. government agencies Pass 289 2,254 9,000 10,722 17,244 191,426 — — 230,935 Nonaccrual — — 299 1,460 2,319 10,927 — — 15,005 Total residential mortgage guaranteed by U.S. government agencies 289 2,254 9,299 12,182 19,563 202,353 — — 245,940 Personal Pass 254,497 193,095 154,887 172,114 68,871 201,278 549,187 332 1,594,261 Special Mention 47 28 40 12 17 — 6,003 4 6,151 Accruing Substandard — 444 — 160 — — — — 604 Nonaccrual 38 7 12 22 14 18 23 — 134 Total personal 254,582 193,574 154,939 172,308 68,902 201,296 555,213 336 1,601,150 Total loans to individuals 609,400 570,755 560,186 247,994 131,036 684,939 910,199 23,365 3,737,874 Total loans $ 4,453,665 $ 3,294,886 $ 2,107,063 $ 1,734,561 $ 1,157,972 $ 2,992,242 $ 6,790,248 $ 26,513 $ 22,557,150 The following table summarizes the Company's loan portfolio at December 31, 2021 by the risk grade categories and vintage (in thousands): Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Healthcare Pass $ 563,800 $ 589,193 $ 516,558 $ 498,998 $ 319,096 $ 688,136 $ 160,154 $ 26 $ 3,335,961 Special Mention 6,835 — 15,583 — 11,135 — 5 — 33,558 Accruing Substandard — — 27,135 543 — 1,981 — — 29,659 Nonaccrual — — — 6,542 — 8,711 509 — 15,762 Total healthcare 570,635 589,193 559,276 506,083 330,231 698,828 160,668 26 3,414,940 Energy Pass 252,133 29,556 15,914 13,548 4,741 6,765 2,540,525 — 2,863,182 Special Mention 558 771 — — — — 750 — 2,079 Accruing Substandard 10,650 22,611 1,185 814 — 716 74,556 — 110,532 Nonaccrual — 20,487 — — — 714 9,890 — 31,091 Total energy 263,341 73,425 17,099 14,362 4,741 8,195 2,625,721 — 3,006,884 Services Pass 696,149 405,057 289,375 275,010 225,404 795,029 607,958 375 3,294,357 Special Mention 434 405 1,830 1,047 3,290 47 17,210 192 24,455 Accruing Substandard 43 530 4,166 10,714 1,785 2,366 11,607 — 31,211 Nonaccrual — — — 230 13,918 2,519 503 — 17,170 Total services 696,626 405,992 295,371 287,001 244,397 799,961 637,278 567 3,367,193 General business Pass 584,438 211,892 264,462 177,384 168,977 215,014 1,047,420 2,284 2,671,871 Special Mention 218 223 60 1,435 3,842 — 5,875 — 11,653 Accruing Substandard 265 1,066 1,634 7,697 8,336 3,024 1,821 — 23,843 Nonaccrual — 2,444 4,562 1,046 762 518 730 19 10,081 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 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: Pass 717,400 711,231 871,283 403,115 279,058 664,684 117,847 31 3,764,649 Special Mention — — — 6,660 10,898 9,244 — — 26,802 Accruing Substandard — — — 13,352 4,480 7,780 — — 25,612 Nonaccrual — — 8,076 — — 6,186 — — 14,262 Total commercial real estate 717,400 711,231 879,359 423,127 294,436 687,894 117,847 31 3,831,325 Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Paycheck protection program: Pass 237,357 38,984 — — — — — — 276,341 Total paycheck protection program 237,357 38,984 — — — — — — 276,341 Loans to individuals: Residential mortgage Pass 386,092 452,537 84,001 60,390 68,150 295,632 320,638 21,463 1,688,903 Special Mention — — 156 — 19 411 282 159 1,027 Accruing Substandard 98 — — — 127 41 400 — 666 Nonaccrual 1,516 1,809 383 1,968 629 22,289 2,177 803 31,574 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 Pass 699 11,380 20,650 27,970 32,742 246,871 — — 340,312 Nonaccrual — — 1,259 821 635 11,146 — — 13,861 Total residential mortgage guaranteed by U.S. government agencies 699 11,380 21,909 28,791 33,377 258,017 — — 354,173 Personal Pass 218,960 180,577 177,389 70,249 92,592 135,041 638,713 728 1,514,249 Special Mention — 9 34 3 — 47 — — 93 Accruing Substandard 435 5 165 — — 1 — — 606 Nonaccrual 110 14 10 24 35 40 25 — 258 Total personal 219,505 180,605 177,598 70,276 92,627 135,129 638,738 728 1,515,206 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 $ 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 Nonaccruing Loans A summary of nonaccruing loans as of December 31, 2022 follows (in thousands): Total With No With Allowance Related Allowance Commercial: Healthcare $ 41,034 $ 34,661 $ 6,373 $ 946 Services 16,228 7,835 8,393 3,074 Energy 1,399 1,399 — — General business 1,636 1,636 — — Total commercial 60,297 45,531 14,766 4,020 Commercial real estate 16,570 393 16,177 1,550 Loans to individuals: Residential mortgage 29,791 29,791 — — Residential mortgage guaranteed by U.S. government agencies 15,005 15,005 — — Personal 134 134 — — Total loans to individuals 44,930 44,930 — — Total $ 121,797 $ 90,854 $ 30,943 $ 5,570 A summary of nonaccruing loans as of December 31, 2021 follows (in thousands): Total With No With Allowance Related Allowance Commercial: Energy $ 31,091 $ 31,091 $ — $ — Services 17,170 13,686 3,484 2,584 Healthcare 15,762 9,679 6,083 53 General business 10,081 7,690 2,391 1,357 Total commercial 74,104 62,146 11,958 3,994 Commercial real estate 14,262 6,186 8,076 2,349 Loans to individuals: Residential mortgage 31,574 31,574 — — Residential mortgage guaranteed by U.S. government agencies 13,861 13,861 — — Personal 258 258 — — Total loans to individuals 45,693 45,693 — — Total $ 134,059 $ 114,025 $ 20,034 $ 6,343 Troubled Debt Restructurings At December 31, 2022 the Company has $232 million in troubled debt restructurings (TDRs), of which $164 million are accruing residential mortgage loans guaranteed by U.S. government agencies. Of the approximately $117 million TDRs that are performing in accordance with the modified terms, $74 million are government guaranteed loans. The loans designated as TDRs had $16 million in charge-offs during the year ended December 31, 2022. At December 31, 2021, TDRs totaled $273 million, of which $211 million were accruing residential mortgage loans guaranteed by U.S. government agencies. Approximately $141 million of TDRs were performing, including $97 million of government guaranteed loans. The loans designated as TDRs had $994 thousand in charge-offs during the year ended December 31, 2021. TDRs generally consist of interest rate concessions, payment stream concessions or a combination of concessions to distressed borrowers. During the year ended December 31, 2022, $52 million of loans were restructured. During the year ended December 31, 2021, $121 million of loans were restructured. Past Due Loans Past due status for all loan classes is based on the actual number of days since the last payment was due according to the contractual terms of the loans, as modified for short-term payment deferral forbearance. A summary of loans currently performing and past due as of December 31, 2022 is as follows (in thousands): Past Due Current 30 to 59 60 to 89 90 Days Total Past Due 90 Days or More and Accruing Commercial: Healthcare $ 3,812,164 $ 5,914 $ 26,480 $ 459 $ 3,845,017 $ — Energy 3,424,766 24 — — 3,424,790 — Services 3,423,042 1,060 2,461 4,958 3,431,521 — General business 3,496,815 26 18 — 3,496,859 — Total commercial 14,156,787 7,024 28,959 5,417 14,198,187 — Commercial real estate 4,606,029 531 — 217 4,606,777 — Paycheck protection program 12,279 231 1,406 396 14,312 396 Loans to individuals: Permanent mortgage 1,872,155 10,632 1,828 6,169 1,890,784 114 Permanent mortgages guaranteed by U.S. government agencies 108,019 36,119 19,400 82,402 245,940 75,604 Personal 1,600,595 502 21 32 1,601,150 — Total loans to individuals 3,580,769 47,253 21,249 88,603 3,737,874 75,718 Total $ 22,355,864 $ 55,039 $ 51,614 $ 94,633 $ 22,557,150 $ 76,114 A summary of loans currently performing and past due as of December 31, 2021 is as follows (in thousands): Past Due Current 30 to 59 60 to 89 90 Days Total Past Due 90 Days or More and Accruing Commercial: Healthcare $ 3,412,072 $ 2,359 $ — $ 509 $ 3,414,940 $ — Services 3,352,639 920 4,620 9,014 3,367,193 — Energy 3,002,623 545 3,716 — 3,006,884 — General business 2,705,596 6,080 997 4,775 2,717,448 199 Total commercial 12,472,930 9,904 9,333 14,298 12,506,465 199 Commercial real estate 3,827,962 — 206 3,157 3,831,325 — Paycheck protection program 276,341 — — — 276,341 74 Loans to individuals: Permanent mortgage 1,707,654 6,263 1,556 6,697 1,722,170 — Permanent mortgages guaranteed by U.S. government agencies 181,022 26,869 16,751 129,531 354,173 118,819 Personal 1,514,938 66 24 178 1,515,206 40 Total loans to individuals 3,403,614 33,198 18,331 136,406 3,591,549 118,859 Total $ 19,980,847 $ 43,102 $ 27,870 $ 153,861 $ 20,205,680 $ 119,132 |
Premises and Equipment and Leas
Premises and Equipment and Leases | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment Disclosure [Text Block] | Premises and Equipment and Leases Premises and equipment at December 31 are summarized as follows (in thousands): December 31, 2022 2021 Land $ 69,944 $ 69,776 Buildings and improvements 469,001 472,450 Software and related integration 198,057 159,063 Furniture and equipment 201,830 186,092 Construction in progress 35,736 36,917 Premises and equipment 974,568 924,298 Less: Accumulated depreciation 409,393 350,150 Premises and equipment, net of accumulated depreciation $ 565,175 $ 574,148 Depreciation expense of premises and equipment was $68.4 million, $63.4 million and $54.3 million for the years ended December 31, 2022, 2021 and 2020, respectively. Premises and equipment include right-of-use assets for leased office space and facilities. Leases are at market rates at inception and may contain escalations based on consumer price index or similar benchmarks and options to renew at then market rates. Right-of-use assets of $ 177 million 181 million At December 31, 2022, undiscounted operating lease liabilities are scheduled to mature as follows (in thousands): 2023 $ 27,130 2024 26,894 2025 26,092 2026 25,306 2027 22,925 Thereafter 115,983 Total undiscounted lease payments 244,330 Less: Interest 32,278 Lease liabilities $ 212,052 Total lease expense for BOK Financial was $41.7 million in 2022, $35.8 million in 2021 and $42.0 million in 2020. Rent expense and right-of-use asset amortization recognized as occupancy and equipment expense was $24.5 million in 2022, $23.4 million in 2021 and $25.0 million in 2020. Operating cash flows from operating leases were $23.3 million, $25.3 million and $25.6 million for the years ended December 31, 2022, 2021 and 2020, respectively. Operating expenses related to leased assets and short term lease costs totaled $13.0 million, $11.5 million and $13.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. BOKF, NA is obligated under a long-term lease for its bank premises in downtown Tulsa. The original lease dated November 1, 1976 was renegotiated on July 1, 2019. The new lease will terminate on December 31, 2034. The Company has the option to renew for an additional 10 years. Premises leases may include options to renew at then current market rates and may include escalation provisions based upon changes in consumer price index or similar benchmarks. |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets [Text Block] | Goodwill and Intangible Assets The following table presents the original cost and accumulated amortization of intangible assets (in thousands): Dec. 31, 2022 2021 Core deposit premiums $ 103,200 $ 103,200 Less: Accumulated amortization 55,130 44,149 Net core deposit premiums 48,070 59,051 Other identifiable intangible assets 78,154 78,154 Less: Accumulated amortization 50,093 45,427 Net other identifiable intangible assets 28,061 32,727 Total intangible assets, net $ 76,131 $ 91,778 Expected amortization expense for intangible assets that will continue to be amortized (in thousands): Core Other Total 2023 $ 10,145 $ 3,625 $ 13,770 2024 9,379 2,611 11,990 2025 8,675 2,201 10,876 2026 7,986 1,828 9,814 2027 6,956 1,597 8,553 Thereafter 4,929 16,199 21,128 $ 48,070 $ 28,061 $ 76,131 The changes in the carrying value of goodwill by operating segment are as follows (in thousands): Commercial Banking Consumer Banking Wealth Funds Management and Other Total Balance, December 31, 2020 913,931 43,458 90,702 — 1,048,091 Sale of consolidated merchant banking investment during 2021 (3,342) — — — (3,342) Balance, December 31, 2021 910,589 43,458 90,702 — 1,044,749 Balance, December 31, 2022 $ 910,589 $ 43,458 $ 90,702 $ — $ 1,044,749 At October 1, 2022, the Company performed a qualitative impairment assessment of goodwill based on factors including, but not limited to, general economic conditions, financial services industry considerations, regional economic conditions, global health concerns and related medical developments, general BOKF Financial performance and reporting unit performance. No impairment was indicated for any reporting unit. |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2022 | |
Deposits [Abstract] | |
Deposits [Text Block] | Interest expense on deposits is summarized as follows (in thousands): Year Ended December 31, 2022 2021 2020 Transaction deposits $ 108,956 $ 21,961 $ 60,424 Savings 489 374 385 Time: Certificates of deposits under $100,000 2,545 2,961 6,741 Certificates of deposits $100,000 and over 6,729 4,719 18,270 Other time deposits 3,030 3,469 4,176 Total time 12,304 11,149 29,187 Total $ 121,749 $ 33,484 $ 89,996 The aggregate amounts of time deposits in denominations of $250,000 or more at December 31, 2022 and 2021 were $470 million and $828 million, respectively. Time deposit maturities are as follows: 2023 – $1.2 billion, 2024 – $133 million, 2025 – $40 million, 2026 – $81 million, 2027 – $20 million and $19 million thereafter. The aggregate amount of overdrawn customer transaction deposits that have been reclassified as loan balances was $10 million at December 31, 2022 and $3.4 million at December 31, 2021. |
Other Borrowed Funds
Other Borrowed Funds | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Other Borrowed Funds [Text Block] | Other Borrowed Funds Information relating to other borrowings is summarized as follows (dollars in thousands): As of Year Ended December 31, 2022 December 31, 2022 Balance Rate Average Balance Rate Maximum Funds purchased $ 99,843 0.05 % $ 266,344 1.12 % $ 444,069 Repurchase agreements 2,170,534 4.42 % 998,701 1.02 % 3,034,312 Other borrowings: Federal Home Loan Bank advances 4,700,000 4.48 % 1,593,699 2.37 % 4,700,000 GNMA repurchase liability 10,608 4.06 % 6,692 4.38 % 11,011 Other 26,300 3.20 % 28,581 3.12 % 30,382 Total other borrowings 4,736,908 1,628,972 2.41 % Subordinated debentures 1 131,205 6.34 % 131,206 4.95 % 131,230 Total other borrowed funds $ 7,138,490 $ 3,025,223 1.95 % As of Year Ended December 31, 2021 December 31, 2021 Balance Rate Average Balance Rate Maximum Funds purchased $ 199,513 0.05 % $ 543,183 0.46 % $ 542,465 Repurchase agreements 2,126,936 0.08 % 1,695,519 0.33 % 2,920,728 Other borrowings: Federal Home Loan Bank advances — — % 1,679,315 0.27 % 2,600,000 GNMA repurchase liability 7,420 4.36 % 11,956 4.06 % 23,856 Paycheck protection program liquidity facility — — % 879,145 0.35 % 1,662,598 Other 29,333 3.23 % 29,445 4.18 % 31,875 Total other borrowings 36,753 2,599,861 0.38 % Subordinated debentures 1 131,226 3.95 % 224,058 4.70 % 276,049 Total other borrowed funds $ 2,494,428 $ 5,062,621 0.56 % As of Year Ended December 31, 2020 December 31, 2020 Balance Rate Average Balance Rate Maximum Funds purchased $ 769,365 0.05 % $ 2,045,795 0.58 % $ 3,311,938 Repurchase agreements 893,021 0.09 % 1,589,746 0.24 % 3,230,097 Other borrowings: Federal Home Loan Bank advances 200,000 0.29 % 3,393,989 1.00 % 7,500,000 GNMA repurchase liability 19,500 4.35 % 42,771 4.18 % 126,569 Federal Reserve Bank advances — — % 42,464 0.26 % — Paycheck protection program liquidity facility 1,635,963 0.35 % 1,152,073 0.35 % 2,013,414 Other 27,507 5.24 % 28,156 5.12 % 49,376 Total other borrowings 1,882,970 4,659,453 0.88 % Subordinated debentures 1 276,005 4.72 % 275,965 5.05 % 276,005 Total other borrowed funds $ 3,821,361 $ 8,570,959 0.82 % 1 Parent Company only. Aggregate annual principal repayments at December 31, 2022 are as follows (in thousands): 2023 $ 6,989,462 2024 3,839 2025 3,964 2026 4,094 2027 2,610 Thereafter 134,521 Total $ 7,138,490 Funds purchased are unsecured and generally mature within one day to ninety days from the transaction date. Securities repurchase agreements are recorded as secured borrowings that generally mature within ninety days and are secured by certain available for sale securities. Borrowings from the Federal Home Loan Banks are used for funding purposes. In accordance with policies of the Federal Home Loan Banks, BOK Financial has granted a blanket pledge of eligible assets (generally unencumbered U.S. Treasury and residential mortgage-backed securities, 1-4 family loans and multifamily loans) as collateral for these advances. The Federal Home Loan Banks have issued letters of credit totaling $419 million to secure BOK Financial’s obligations to depositors of public funds. The unused credit available to BOK Financial at December 31, 2022 pursuant to the Federal Home Loan Bank’s collateral policies is $2.1 billion. As a result of the acquisition of CoBiz Financial in 2018, we obtained $60 million of subordinated debt issued in June 2015 that will mature on June 25, 2030. This debt bears interest at the rate of 5.625% through June 2025 and thereafter, the notes will bear interest at an annual floating rate equal to three-month LIBOR plus 3.17%. The debt contains a call option that allows for repayment prior to contractual maturity. The call option is available on June 25, 2025 and quarterly thereafter at 100% of the principal amount. Also through CoBiz Financial, we acquired junior subordinated debentures split across three issuance tranches. Junior subordinated debentures of $21 million will mature September 17, 2033 and bear an interest rate of three-month LIBOR plus 2.95% that resets quarterly. Junior subordinated debentures of $31 million will mature on July 23, 2034 and bear an interest rate of three-month LIBOR plus 2.60% that resets quarterly. Junior subordinated debentures of $20 million will mature on September 30, 2035 and bear an interest rate of three-month LIBOR plus 1.45% that resets quarterly. The junior subordinated debentures are subject to early redemption prior to maturity. These LIBOR-based subordinated debentures will be subject to transition on July 1, 2023 in conjunction with the Adjustable Interest Rate (LIBOR) Act as implemented by the Board of Governors of the Federal Reserve System. BOK Financial Securities, Inc. may borrow funds from Pershing, LLC ("Pershing"), a clearing broker/dealer and a wholly owned subsidiary of Bank of New York Mellon, for the purposes of financing securities purchases or to facilitate funding of investment banking activities on terms to be negotiated at the time of the borrowing. BOK Financial Securities, Inc. had no borrowings outstanding at December 31, 2022 and December 31, 2021. The Company has a liability related to the repurchase of certain delinquent residential mortgage loans previously sold into GNMA mortgage pools. Interest is payable at rates contractually due to investors. |
Federal and State Income Taxes
Federal and State Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Federal and State Income Taxes [Text Block] | Federal and State Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of deferred tax assets and liabilities are as follows (in thousands): December 31, 2022 2021 Deferred tax assets: Available for sale securities mark to market $ 255,244 $ — Credit loss reserves 69,385 67,339 Lease liability 49,839 48,457 Deferred compensation 34,645 33,945 Unearned fees 12,915 11,368 Purchased loan discount 4,955 7,498 Share-based compensation 4,625 5,989 Valuation adjustments 5,792 1,883 Other 42,808 28,958 Total deferred tax assets 480,208 205,437 Deferred tax liabilities: Right-of-use asset 40,741 41,291 Mortgage servicing rights 49,001 31,703 Available for sale securities mark to market — 21,841 Acquired identifiable intangible 11,280 14,307 Depreciation 7,163 10,939 Lease financing 12,333 11,120 Other 38,357 39,698 Total deferred tax liabilities 158,875 170,899 Net deferred tax assets (liabilities) $ 321,333 $ 34,538 No valuation allowance was necessary on deferred tax assets as of December 31, 2022 and 2021. The significant components of the provision for income taxes attributable to continuing operations for BOK Financial are shown below (in thousands): Year Ended December 31, 2022 2021 2020 Current income tax expense: Federal $ 127,144 $ 121,196 $ 173,888 State 18,185 21,065 29,889 Total current income tax expense 145,329 142,261 203,777 Deferred income tax expense (benefit): Federal (4,700) 29,777 (65,989) State (765) 7,737 (8,995) Total deferred income tax expense (benefit) (5,465) 37,514 (74,984) Total income tax expense $ 139,864 $ 179,775 $ 128,793 The reconciliations of income attributable to continuing operations at the U.S. federal statutory tax rate to income tax expense are as follows (in thousands): Year Ended December 31, 2022 2021 2020 Amount: Federal statutory tax $ 138,633 $ 167,181 $ 118,412 Tax exempt revenue (5,714) (6,084) (7,035) Effect of state income taxes, net of federal benefit 13,490 22,489 14,251 Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments (8,883) (8,801) (6,994) Other, net 2,338 4,990 10,159 Total income tax expense $ 139,864 $ 179,775 $ 128,793 Year Ended December 31, 2022 2021 2020 Percent of pretax income: Federal statutory tax 21.0 % 21.0 % 21.0 % Tax exempt revenue (0.8) (0.7) (1.2) Effect of state income taxes, net of federal benefit 2.0 2.8 2.5 Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments (1.4) (1.1) (1.2) Other, net 0.4 0.6 1.7 Total 21.2 % 22.6 % 22.8 % A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): 2022 2021 2020 Balance as of January 1 $ 21,092 $ 22,902 $ 20,465 Additions for tax for current year positions 3,465 3,961 6,384 Settlements during the period — (1,754) — Lapses of applicable statute of limitations (4,974) (4,017) (3,947) Balance as of December 31 $ 19,583 $ 21,092 $ 22,902 Of the above unrecognized tax benefits, $15.3 million, if recognized, would have affected the effective tax rate. |
Employee Benefits
Employee Benefits | 12 Months Ended |
Dec. 31, 2022 | |
Retirement Benefits [Abstract] | |
Employee Benefits [Text Block] | Employee Benefits BOK Financial sponsored a defined benefit cash balance Pension Plan for all employees who satisfied certain age and service requirements. As of February 28, 2022, the Pension Plan was terminated and was subsequently liquidated in accordance with the standard plan termination requirements of Title IV of ERISA and Section 12.3 of the Plan. Each participant was permitted to elect to receive payment of their accrued benefit in the form of a lump sum or an immediate annuity. Those participants who did not elect a lump sum had their accrued benefit annuitized in the form of an irrevocable commitment from an insurance company selected to fund the remaining plan benefits in connection with the plan termination. All benefits were paid and all obligations settled prior to December 31, 2022. Prior to termination, BOK Financial recognized the funded status of its employee benefit plans. Adjustments required to recognize the Pension Plan's net funded status were made through accumulated other comprehensive income, net of deferred income taxes. In 2022, as a result of the termination, BOK Financial paid out $15.5 million in benefits to plan participants to settle all obligations. At the beginning of 2023, the remaining balance in the Plan of $19.1 million was transferred to the Thrift Plan to cover a portion of the employer contributions for 2022. The projected benefit obligation and fair value of plan assets, respectively, were $20 million and $39 million at December 31, 2021. The net periodic benefit credit was $2.2 million for December 31, 2021 and $1.3 million for December 31, 2020, and is included in Personnel expense in the Consolidated Statements of Earnings. Employee contributions to the Thrift Plan are eligible for Company matching equal to 6% of base compensation, as defined in the plan. The Company-provided matching contribution rates range from 50% for employees with less than 4 years of service to 200% for employees with 15 or more years of service. An additional 5% of the annual employer matching contribution was added to each contributing participant's account for 2022 who were employed on the last day of the plan year. Additionally, a maximum Company-provided, non-elective annual contribution of up to $750 per participant is provided for employees whose annual base compensation is less than $40,000. Participants may direct investments in their accounts to a variety of options, including a BOK Financial common stock fund and Cavanal Hill funds. Employer contributions, which are invested in accordance with the participant’s investment options, vest over five years. Thrift Plan expenses were $31.7 million for 2022, $30.5 million for 2021 and $29.9 million for 2020. |
Share-Based Compensation Plans
Share-Based Compensation Plans | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Share-Based Compensation Plans [Text Block] | Share-Based Compensation Plans The shareholders and Board of Directors of BOK Financial have approved various share-based compensation plans. An independent compensation committee of the Board of Directors determines the number of awards granted to the Chief Executive Officer and other senior executives. Share-based compensation is granted to other officers and employees as determined by the Chief Executive Officer. The Company awards restricted stock to certain officers and employees and restricted stock units ("RSUs") to certain executives, (collectively "non-vested shares"). Vesting of all non-vested shares is subject to service requirements. Additionally, vesting of certain non-vested shares is subject to performance criteria based on changes in the Company's earnings per share relative to defined peers. The following represents a summary of the non-vested shares for the three years ended December 31, 2022 (in thousands): Restricted Stock Restricted Stock Units Shares Weighted Units Weighted Non-vested at January 1, 2020 427,178 46,689 Granted 236,750 $ 83.49 22,980 $ 77.36 Vested (225,527) 83.50 — — Forfeited (18,167) 83.10 — — Non-vested at December 31, 2020 420,234 69,669 Granted 247,917 $ 73.01 17,570 $ 88.25 Vested (166,965) 94.96 — — Forfeited (11,632) 75.83 — — Non-vested at December 31, 2021 489,554 87,239 Granted 183,809 $ 108.23 25,416 $ 103.79 Vested (139,859) 76.80 (61,645) 91.38 Forfeited (40,620) 79.60 — Non-vested at December 31, 2022 492,884 51,010 Compensation expense recognized on non-vested restricted stock totaled $9.0 million for 2022, $9.3 million for 2021 and $16.0 million for 2020. Unrecognized compensation cost of non-vested restricted stock totaled $15.5 million at December 31, 2022. We expect to recognize compensation expense of $8.8 million in 2023, $6.3 million in 2024, and $386 thousand in 2025 on the non-vested shares of restricted stock. Vesting of 58,098 shares of non-vested restricted stock may be increased or decreased based on performance criteria defined in the plan documents. The fair value of restricted shares vested totaled $15.0 million, $13.0 million and $19.5 million during the years ended December 31, 2022, 2021 and 2020, respectively. |
Related Parties
Related Parties | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Related Parties [Text Block] | Related Parties In compliance with applicable banking regulations, the Company may extend credit to certain executive officers, directors, principal shareholders and their affiliates (collectively referred to as "related parties") in the ordinary course of business. The Company’s loans to related parties do not involve more than the normal credit risk. Activity in loans to related parties is summarized as follows (in thousands): Year Ended December 31, 2022 2021 Beginning balance $ 95,219 $ 92,940 Advances 731,664 588,252 Payments (770,808) (583,040) Adjustments 1 (1,596) (2,933) Ending balance $ 54,479 $ 95,219 1 Adjustments generally consist of changes in status as a related party. As defined by banking regulations, loan commitments and equity investments from the subsidiary banks to a single affiliate may not exceed 10% of unimpaired capital and surplus while loan commitments and equity investments to all affiliates may not exceed 20% of unimpaired capital and surplus. Loans to affiliates must be fully secured by eligible collateral. At December 31, 2022, loan commitments and equity investments were limited to $448 million to a single affiliate and $896 million to all affiliates. The largest loan commitment and equity investment to a single affiliate was $284 million, and the aggregate loan commitments and equity investments to all affiliates were $344 million. The largest outstanding amount to a single affiliate at December 31, 2022 was $3.9 million, and the total outstanding amounts to all affiliates were $3.9 million. At December 31, 2021, total loan commitments and equity investments to all affiliates were $324 million, and the total outstanding amounts to all affiliates were $5.0 million. Certain related parties are customers of the Company for services other than loans, including consumer banking, corporate banking, risk management, wealth management, brokerage and trading, or fiduciary/trust services. The Company engages in transactions with related parties in the ordinary course of business in compliance with applicable regulations. QuikTrip Corporation has entered into a fee sharing agreement with TransFund, BOKF’s electronic funds transfer network ("TransFund"), respecting transactions completed at TransFund automated teller machines placed in QuikTrip locations. Pursuant to this agreement, BOKF paid QuikTrip approximately $10.7 million in 2022, $10.4 million in 2021 and $10.0 million in 2020. A BOK Financial director is Chief Executive Officer, Chairman, and a significant shareholder of QuikTrip Corporation. Cavanal Hill Investment Management, Inc., a wholly-owned subsidiary of BOKF, NA, is the administrator to and investment advisor for the Cavanal Hill Funds (the "Funds"), a diversified, open-ended investment company established as a business trust under the Investment Company Act of 1940. BOKF, NA is custodian and Cavanal Hill Distributors, Inc. is distributor for the Funds. The Funds’ products are offered to customers, employee benefit plans, trusts and the general public in the ordinary course of business. Approximately 79% of the Funds’ assets of $3.9 billion are held for the Company's clients. A Company executive officer serves on the Funds' board of trustees, and officers of BOKF, NA serve as president and secretary of the Funds. A majority of the members of the Funds’ board of trustees are, however, independent of the Company and the Funds are managed by its board of trustees. |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities [Text Block] | Commitments and Contingent Liabilities Litigation Contingencies As a member of Visa, BOK Financial is obligated for a proportionate share of certain covered litigation losses incurred by Visa under a retrospective responsibility plan. A contingent liability was recognized for the Company’s share of Visa’s covered litigation liabilities. Visa funded an escrow account to cover litigation claims, including covered litigation losses under the retrospective responsibility plan, with proceeds from its initial public offering in 2008 and from available cash. BOK Financial currently owns 252,533 Visa Class B shares which are convertible into 403,826 shares of Visa Class A shares after the final settlement of all covered litigation. Class B shares may be diluted in the future if the escrow fund is not adequate to cover future covered litigation costs. No value has been currently assigned to the Class B shares. On June 24, 2015, BOKF, NA received a complaint that an employee had colluded with a bond issuer and an individual in misusing revenues pledged to municipal bonds for which BOKF, NA served as trustee under the bond indenture. The Company conducted an investigation and concluded that employees in one of its Corporate Trust offices had, with respect to a single group of affiliated bond issuances, violated Company policies and procedures. The relationship manager was terminated. The Company reported the circumstances to, and cooperated with an investigation by, the Securities and Exchange Commission ("SEC"). On September 7, 2016, BOKF, NA agreed to, and the SEC entered, a consent order finding that BOKF, NA had violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act and required BOKF, NA to disgorge $1,067,721 of fees and pay a civil penalty of $600,000. BOKF, NA disgorged the fees and paid the penalty. On August 26, 2016, BOKF, NA was sued in the United States District Court for New Jersey by two bondholders in a putative class action alleging BOKF, NA participated in the fraudulent sale of securities by the principals. The action remains stayed with no current deadlines pending. On September 14, 2016, BOKF, NA was sued in the District Court of Tulsa County, Oklahoma by 19 bondholders also alleging BOKF, NA participated in the fraudulent sale of securities by the principals. The Tulsa County District Court recently granted in part and denied in part BOKF, NA’s motion to dismiss the plaintiffs’ Third Amended Petition and BOKF is preparing to respond. Management is advised by counsel that, in the Tulsa County District Court action, a loss is not probable and that the loss, if any, cannot be reasonably estimated. On December 28, 2015, in an action brought by the SEC, the New Jersey District Court entered a judgment against the principals involved in issuing the bonds. On January 8, 2020, the Court entered judgment against the principal individual and his wife for $36,805,051 in principal amount and $10,937,831 in pre-judgment interest. The SEC continues to aggressively pursue collection of the judgment. If the individual principal and his wife cannot pay the bonds, a bondholder loss could become probable. Management has been advised by counsel that BOKF, NA has valid defenses to claims of bondholders and that no loss to the Company is probable. No provision for losses has been made at this time. BOKF, NA estimates that, upon sale of all remaining collateral securing payment of the bonds, approximately $25 million will remain outstanding. A reasonable estimate cannot be made of the amount of any bondholder loss, though the amount of bondholder loss could be material to the Company in the event a loss to the Company becomes probable. As previously reported, a limited liability partnership sued BOKF, NA in Colorado District Court in 2019 alleging that the Bank breached various fiduciary duties as trustee of a trust that was a co-general partner of the partnership and claiming in excess of $60 million in damages. In January 2023 the action was settled at no cost to BOKF, NA in excess of the cost of defense. In the ordinary course of business, BOK Financial and its subsidiaries are subject to legal actions and complaints. Management believes, based upon the opinion of counsel, that the actions and liability or loss, if any, resulting from the final outcomes of the proceedings will not have a material effect on the Company’s financial condition, results of operations or cash flows. Alternative Investment Commitments The Company invests in several tax credit entities and other funds as permitted by banking regulations. Consolidation of these investments is based on the variable interest model. At December 31, 2022, the Company has $390 million in interests in various alternative investments generally consisting of unconsolidated limited partnership interests in entities for which investment return is in the form of low income housing tax credits or other investments in merchant banking activities. The investment balance also includes $81 million in unfunded commitments included in Other liabilities on the Consolidated Balance Sheets. At December 31, 2021, the Company had $352 million in interests in various alternative investments and included $106 million in unfunded commitments in Other liabilities. Other Commitments and Contingencies Cavanal Hill Funds’ assets include U.S. Treasury and government securities money market funds. Assets of these funds consist of highly-rated, short-term obligations of the U.S. Treasury and Agencies. The net asset value of units in these funds was $1.00 at December 31, 2022. An investment in these funds is not insured by the Federal Deposit Insurance Corporation or guaranteed by BOK Financial or any of its subsidiaries. BOK Financial may, but is not obligated to purchase assets from these funds to maintain the net asset value at $1.00. No assets were purchased from the funds in 2022 or 2021. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Earnings Per Share The following table presents the computation of basic and diluted earnings per share (dollars in thousands, except per share data): Year Ended 2022 2021 2020 Numerator: Net income attributable to BOK Financial Corp. shareholders $ 520,273 $ 618,121 $ 435,030 Less: Earnings allocated to participating securities 3,803 4,299 2,612 Numerator for basic earnings per share – income available to common shareholders 516,470 613,822 432,418 Effect of reallocating undistributed earnings of participating securities — — — Numerator for diluted earnings per share – income available to common shareholders $ 516,470 $ 613,822 $ 432,418 Denominator: Weighted average shares outstanding 67,706,014 69,071,511 70,259,553 Less: Participating securities included in weighted average shares outstanding 493,286 479,591 418,576 Denominator for basic earnings per common share 67,212,728 68,591,920 69,840,977 Dilutive effect of employee stock compensation plans 7 2,402 3,195 Denominator for diluted earnings per common share 67,212,735 68,594,322 69,844,172 Basic earnings per share $ 7.68 $ 8.95 $ 6.19 Diluted earnings per share $ 7.68 $ 8.95 $ 6.19 |
Shareholders' Equity
Shareholders' Equity | 12 Months Ended |
Dec. 31, 2022 | |
Stockholders' Equity Note [Abstract] | |
Shareholders' Equity [Text Block] | Shareholders Equity Preferred Stock One billion shares of preferred stock with a par value of $0.00005 per share are authorized. The Series A Preferred Stock has no voting rights except as otherwise provided by Oklahoma corporate law and may be converted into one share of Common Stock for each 36 shares of Series A Preferred Stock at the option of the holder. Dividends are cumulative at an annual rate of ten percent of the $0.06 per share liquidation preference value when declared and are payable in cash. Aggregate liquidation preference is $15 million. No Series A Preferred Stock was outstanding in 2022, 2021 or 2020. Common Stock Common stock consists of 2.5 billion authorized shares with a $0.00006 par value. Holders of common shares are entitled to one vote per share at the election of the Board of Directors and on any question arising at any shareholders’ meeting and to receive dividends when and as declared. Additionally, regulations restrict the ability of national banks and bank holding companies to pay dividends. Subsidiary Bank The amounts of dividends that BOK Financial’s subsidiary bank can declare and the amounts of loans the subsidiary bank can extend to affiliates are limited by various federal banking regulations and state corporate law. Generally, dividends declared during a calendar year are limited to net profits, as defined, for the year plus retained profits for the preceding two years. Dividends are further restricted by minimum capital requirements. Regulatory Capital BOK Financial and the subsidiary bank are subject to various capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and additional discretionary actions by regulators that could have a material effect on BOK Financial's operations. These capital requirements include quantitative measures of assets, liabilities and certain off-balance sheet items. The capital standards are also subject to qualitative judgments by the regulators. A bank falling below the minimum capital requirements, including the capital conservation buffer, would be subject to regulatory restrictions on capital distributions (including but not limited to dividends and share repurchases) and executive bonus payments. For a banking institution to qualify as well capitalized, Common Equity Tier 1, Tier I, Total and Leverage capital ratios must be at least 6.5%, 8%, 10% and 5%, respectively. Tier I capital consists primarily of common stockholders' equity, excluding unrealized gains or losses on available for sale securities, less goodwill, core deposit premiums and certain other intangible assets. Total capital consists primarily of Tier I capital plus preferred stock, subordinated debt and allowances for credit losses, subject to certain limitations. The subsidiary bank exceeded the regulatory definition of well capitalized as of December 31, 2022 and December 31, 2021. A summary of regulatory capital minimum requirements and levels follows (dollars in thousands): Minimum Capital Requirement Capital Conservation Buffer Minimum Capital Requirement Including Capital Conservation Buffer Well Capitalized Bank Requirement December 31, 2022 December 31, 2021 Common Equity Tier 1 Capital (to Risk Weighted Assets): Consolidated 4.50% 2.50% 7.00% N/A $ 4,460,054 11.69 % $ 4,230,626 12.24 % BOKF, NA 4.50% N/A 4.50% 6.50% 4,176,978 11.05 % 3,869,454 11.27 % Tier I Capital (to Risk Weighted Assets): Consolidated 6.00% 2.50% 8.50% N/A $ 4,464,763 11.71 % $ 4,235,265 12.25 % BOKF, NA 6.00% N/A 6.00% 8.00% 4,178,531 11.06 % 3,871,457 11.28 % Total Capital (to Risk Weighted Assets): Consolidated 8.00% 2.50% 10.50% N/A $ 4,830,826 12.67 % $ 4,594,787 13.29 % BOKF, NA 8.00% N/A 8.00% 10.00% 4,478,559 11.85 % 4,164,940 12.13 % Leverage (Tier I Capital to Average Assets): Consolidated 4.00% N/A 4.00% N/A $ 4,464,763 9.91 % $ 4,235,265 8.55 % BOKF, NA 4.00% N/A 4.00% 5.00% 4,178,531 9.31 % 3,871,457 7.84 % Accumulated Other Comprehensive Income (Loss) AOCI includes unrealized gains and losses on available for sale ("AFS") securities. AOCI also includes unrealized losses on AFS securities that were transferred from AFS to investment securities in the second quarter of 2022. Such amounts are being amortized over the estimated remaining life of the security as an adjustment to yield, offsetting the related amortization of premium on the transferred securities. Gains and losses in AOCI are net of deferred income taxes. A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands): Unrealized Gain (Loss) on Available for Sale Securities Investment Securities Transferred from AFS Employee Benefit Plans Total Balance, December 31, 2019 $ 104,996 $ — $ (73) $ 104,923 Net change in unrealized gain (loss) 312,576 — 1,220 313,796 Reclassification adjustments included in earnings: Gain on available for sale securities, net (9,910) — — (9,910) Other comprehensive income (loss), before income taxes 302,666 — 1,220 303,886 Federal and state income tax 72,630 — 311 72,941 Other comprehensive income (loss), net of income taxes 230,036 — 909 230,945 Balance, December 31, 2020 335,032 — 836 335,868 Net change in unrealized gain (loss) (343,730) — 2,361 (341,369) Reclassification adjustments included in earnings: Gain on available for sale securities, net (3,704) — — (3,704) Other comprehensive income (loss), before income taxes (347,434) — 2,361 (345,073) Federal and state income tax (82,177) — 601 (81,576) Other comprehensive income (loss), net of income taxes (265,257) — 1,760 (263,497) Balance, December 31, 2021 69,775 — 2,596 72,371 Net change in unrealized gain (loss) (1,227,414) — — (1,227,414) Transfer of net unrealized loss from AFS to investment securities 267,509 (267,509) — — Reclassification adjustments included in earnings: Interest revenue, Investment securities — 42,514 — 42,514 Operating expense, Personnel — — (3,483) (3,483) Loss on available for sale securities, net 971 — — 971 Other comprehensive income (loss), before income taxes (958,934) (224,995) (3,483) (1,187,412) Federal and state income tax (224,541) (52,658) (887) (278,086) Other comprehensive income (loss), net of income taxes (734,393) (172,337) (2,596) (909,326) Balance, December 31, 2022 $ (664,618) $ (172,337) $ — $ (836,955) |
Reportable Segments
Reportable Segments | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting [Abstract] | |
Reportable Segments [Text Block] | Reportable Segments BOK Financial operates three principal lines of business: Commercial Banking, Consumer Banking and Wealth Management. Commercial Banking includes lending, treasury and cash management services and customer risk management products to small businesses, middle market and larger commercial customers. Commercial Banking also includes the TransFund EFT network. Consumer Banking includes retail lending and deposit services, lending and deposit services to small business customers served through the consumer branch network and all mortgage banking activities. Wealth Management provides fiduciary services, private bank services, insurance and investment advisory services in all markets. Wealth Management also underwrites state and municipal securities and engages in brokerage and trading activities. In addition to its lines of business, BOK Financial has a Funds Management unit. The primary purpose of this unit is to manage overall liquidity needs and interest rate risk. Each line of business borrows funds from and provides funds to the Funds Management unit as needed to support their operations. Operating results for Funds Management and Other include the effect of interest rate risk positions and risk management activities, securities gains and losses including impairment charges, the provision for credit losses in excess of net loans charged off, tax planning strategies and certain executive compensation costs that are not attributed to the lines of business. BOK Financial allocates resources and evaluates performance of its lines of business after allocation of funds and capital costs. Credit costs are attributed to the lines of business based on net loans charged off or recovered. In addition, we measure the performance of our business lines after allocation of certain indirect expenses and taxes on statutory rates. The allocation for the prior comparable periods have been revised on a comparable basis. The cost of funds borrowed from the Funds Management unit by the operating lines of business is transfer priced at rates that approximate market rates for funds with similar duration. Market rates are generally based on the applicable wholesale borrowing rates or interest rate swap rates adjusted for prepayment risk. This method of transfer-pricing funds that support assets of the operating lines of business tends to insulate them from interest rate risk. The value of funds provided by the operating lines of business to the Funds Management unit is based on rates which approximate the wholesale market rates for funds with similar duration and re-pricing characteristics. Market rates are generally based on a proxy of wholesale borrowing rates or interest rate swap rates. The funds credit formula applied to deposit products with indeterminate maturities is established based on their re-pricing characteristics reflected in a combination of the short-term wholesale funding rate and a moving average of an intermediate term swap rate, with an appropriate spread applied to both. Shorter duration products are weighted towards the short-term wholesale funding rates and longer duration products are weighted towards intermediate swap rates. The expected duration ranges from 30 days for certain rate-sensitive deposits to five years. Substantially all revenue is from domestic customers. No single external customer accounts for more than 10% of total revenue. Net loans charged off and provision for credit losses represents net loans charged off or recovered as attributed to the lines of business. The provision for credit losses in excess of net charge-offs or recoveries is attributed to Funds Management and Other. Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2022 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest and dividend revenue from external sources $ 818,213 $ 69,646 $ 155,974 $ 167,547 $ 1,211,380 Net interest revenue (expense) from internal sources (73,764) 88,603 5,623 (20,462) — Net interest and dividend revenue 744,449 158,249 161,597 147,085 1,211,380 Net loans charged off and provision for credit losses 17,726 5,260 (175) 7,189 30,000 Net interest and dividend revenue after provision for credit losses 726,723 152,989 161,772 139,896 1,181,380 Other operating revenue 241,594 121,819 339,501 (59,657) 643,257 Other operating expense 290,717 209,210 312,177 352,376 1,164,480 Net direct contribution 677,600 65,598 189,096 (272,137) 660,157 Gain (loss) on financial instruments, net 1 (93,346) 4 93,341 — Change in fair value of mortgage servicing rights — 80,261 — (80,261) — Gain (loss) on repossessed assets, net (1,903) 139 — 1,764 — Corporate expense allocations 67,337 44,965 50,241 (162,543) — Net income before taxes 608,361 7,687 138,859 (94,750) 660,157 Federal and state income taxes 148,000 1,798 32,686 (42,620) 139,864 Net income 460,361 5,889 106,173 (52,130) 520,293 Net income attributable to non-controlling interests — — — 20 20 Net income attributable to BOK Financial Corp. shareholders $ 460,361 $ 5,889 $ 106,173 $ (52,150) $ 520,273 Average assets $ 29,084,957 $ 10,230,437 $ 16,209,684 $ (8,500,442) $ 47,024,636 Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2021 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest and dividend revenue from external sources $ 606,902 $ 67,856 $ 214,458 $ 228,817 $ 1,118,033 Net interest revenue (expense) from internal sources (71,167) 35,671 (386) 35,882 — Net interest and dividend revenue 535,735 103,527 214,072 264,699 1,118,033 Net loans charged off and provision for credit losses 31,128 4,009 (223) (134,914) (100,000) Net interest and dividend revenue after provision for credit losses 504,607 99,518 214,295 399,613 1,218,033 Other operating revenue 262,402 173,341 298,962 21,070 755,775 Other operating expense 281,089 209,596 320,726 366,297 1,177,708 Net direct contribution 485,920 63,263 192,531 54,386 796,100 Gain (loss) on financial instruments, net 154 (21,871) — 21,717 — Change in fair value of mortgage servicing rights — 41,637 — (41,637) — Gain (loss) on repossessed assets, net 13,001 85 — (13,086) — Corporate expense allocations 49,941 46,010 40,341 (136,292) — Net income before taxes 449,134 37,104 152,190 157,672 796,100 Federal and state income taxes 120,618 9,461 38,944 10,752 179,775 Net income 328,516 27,643 113,246 146,920 616,325 Net loss attributable to non-controlling interests — — — (1,796) (1,796) Net income attributable to BOK Financial Corp. shareholders $ 328,516 $ 27,643 $ 113,246 $ 148,716 $ 618,121 Average assets $ 28,536,881 $ 10,029,687 $ 19,425,475 $ (7,840,340) $ 50,151,703 Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2020 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest and dividend revenue from external sources $ 714,932 $ 78,004 $ 130,818 $ 184,690 $ 1,108,444 Net interest revenue (expense) from internal sources (126,444) 69,000 (13,528) 70,972 — Net interest and dividend revenue 588,488 147,004 117,290 255,662 1,108,444 Net loans charged off and provision for credit losses 69,475 2,805 (209) 150,521 222,592 Net interest and dividend revenue after provision for credit losses 519,013 144,199 117,499 105,141 885,852 Other operating revenue 187,361 243,719 398,834 12,406 842,320 Other operating expense 258,903 230,402 326,016 348,987 1,164,308 Net direct contribution 447,471 157,516 190,317 (231,440) 563,864 Gain (loss) on financial instruments, net 193 95,344 4 (95,541) — Change in fair value of mortgage servicing rights — (79,524) — 79,524 — Gain (loss) on repossessed assets, net (2,677) 276 — 2,401 — Corporate expense allocations 24,862 42,155 35,359 (102,376) — Net income before taxes 420,125 131,457 154,962 (142,680) 563,864 Federal and state income taxes 114,120 33,483 39,660 (58,470) 128,793 Net income 306,005 97,974 115,302 (84,210) 435,071 Net income attributable to non-controlling interests — — — 41 41 Net income attributable to BOK Financial Corp. shareholders $ 306,005 $ 97,974 $ 115,302 $ (84,251) $ 435,030 Average assets $ 26,994,075 $ 9,842,114 $ 15,695,646 $ (3,827,445) $ 48,704,390 |
Fees and Commission Revenue (No
Fees and Commission Revenue (Notes) | 12 Months Ended |
Dec. 31, 2022 | |
Revenue from Contract with Customer [Abstract] | |
Fees and Commissions Revenue [Text Block] | Fees and Commissions Revenue Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2022 (in thousands): Commercial Consumer Wealth Management Funds Management and Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 20,332 $ — $ 20,332 $ 20,332 $ — Customer hedging revenue 34,676 — 1,053 9,987 45,716 45,716 — Retail brokerage revenue — — 16,403 — 16,403 — 16,403 Insurance brokerage revenue — — 12,879 — 12,879 — 12,879 Investment banking revenue 25,048 — 20,600 — 45,648 23,730 21,918 Brokerage and trading revenue 59,724 — 71,267 9,987 140,978 89,778 51,200 TransFund EFT network revenue 81,097 3,560 (73) 6 84,590 — 84,590 Merchant services revenue 12,397 37 — — 12,434 — 12,434 Corporate card revenue 6,440 — 410 392 7,242 — 7,242 Transaction card revenue 99,934 3,597 337 398 104,266 — 104,266 Personal trust revenue — — 99,075 — 99,075 — 99,075 Corporate trust revenue — — 23,775 — 23,775 — 23,775 Institutional trust & retirement plan services revenue — — 50,404 — 50,404 — 50,404 Investment management services and other — — 23,242 (170) 23,072 — 23,072 Fiduciary and asset management revenue — — 196,496 (170) 196,326 — 196,326 Commercial account service charge revenue 52,779 1,884 1,965 — 56,628 — 56,628 Overdraft fee revenue 115 25,229 77 5 25,426 — 25,426 Check card revenue — 23,312 — — 23,312 — 23,312 Automated service charge and other deposit fee revenue 556 4,612 102 — 5,270 — 5,270 Deposit service charges and fees 53,450 55,037 2,144 5 110,636 — 110,636 Mortgage production revenue — (1,838) — — (1,838) (1,838) — Mortgage servicing revenue — 53,236 — (2,033) 51,203 51,203 — Mortgage banking revenue — 51,398 — (2,033) 49,365 49,365 — Other revenue 20,765 11,894 69,294 (46,311) 55,642 25,844 29,798 Total fees and commissions revenue $ 233,873 $ 121,926 $ 339,538 $ (38,124) $ 657,213 $ 164,987 $ 492,226 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2021 (in thousands): Commercial Consumer Wealth Management Funds Management and Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 27,595 $ — $ 27,595 $ 27,595 $ — Customer hedging revenue 23,424 — 300 (3,292) 20,432 20,432 — Retail brokerage revenue — — 18,762 — 18,762 — 18,762 Insurance brokerage revenue — — 11,765 — 11,765 — 11,765 Investment banking revenue 19,129 — 16,742 (1,436) 34,435 16,272 18,163 Brokerage and trading revenue 42,553 — 75,164 (4,728) 112,989 64,299 48,690 TransFund EFT network revenue 76,603 3,591 (67) 6 80,133 — 80,133 Merchant services revenue 11,806 55 — — 11,861 — 11,861 Corporate card revenue 4,502 — 169 318 4,989 — 4,989 Transaction card revenue 92,911 3,646 102 324 96,983 — 96,983 Personal trust revenue — — 97,582 — 97,582 — 97,582 Corporate trust revenue — — 14,805 — 14,805 — 14,805 Institutional trust & retirement plan services revenue — — 50,765 — 50,765 — 50,765 Investment management services and other — — 15,300 (178) 15,122 — 15,122 Fiduciary and asset management revenue — — 178,452 (178) 178,274 — 178,274 Commercial account service charge revenue 50,213 1,821 2,326 — 54,360 — 54,360 Overdraft fee revenue 104 21,439 70 9 21,622 — 21,622 Check card revenue — 23,714 — — 23,714 — 23,714 Automated service charge and other deposit fee revenue 94 4,340 87 — 4,521 — 4,521 Deposit service charges and fees 50,411 51,314 2,483 9 104,217 — 104,217 Mortgage production revenue — 60,712 — — 60,712 60,712 — Mortgage servicing revenue — 47,055 — (1,871) 45,184 45,184 — Mortgage banking revenue — 107,767 — (1,871) 105,896 105,896 — Other revenue 41,206 10,637 42,564 (24,457) 69,950 54,349 15,601 Total fees and commissions revenue $ 227,081 $ 173,364 $ 298,765 $ (30,901) $ 668,309 $ 224,544 $ 443,765 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2020 (in thousands): Commercial Consumer Wealth Management Funds Management and Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 144,299 $ — $ 144,299 $ 144,299 $ — Customer hedging revenue 22,767 — 395 (413) 22,749 22,749 — Retail brokerage revenue — — 15,690 — 15,690 — 15,690 Insurance brokerage revenue — — 12,702 — 12,702 — 12,702 Investment banking revenue 9,183 — 17,391 (181) 26,393 8,530 17,863 Brokerage and trading revenue 31,950 — 190,477 (594) 221,833 175,578 46,255 TransFund EFT network revenue 75,363 3,058 (56) 5 78,370 — 78,370 Merchant services revenue 9,172 60 — — 9,232 — 9,232 Corporate card revenue 2,362 — 75 143 2,580 — 2,580 Transaction card revenue 86,897 3,118 19 148 90,182 — 90,182 Personal trust revenue — — 84,759 — 84,759 — 84,759 Corporate trust revenue — — 19,308 — 19,308 — 19,308 Institutional trust & retirement plan services revenue — — 46,253 — 46,253 — 46,253 Investment management services and other — — 17,290 (165) 17,125 — 17,125 Fiduciary and asset management revenue — — 167,610 (165) 167,445 — 167,445 Commercial account service charge revenue 44,489 1,654 2,282 (4) 48,421 — 48,421 Overdraft fee revenue 132 21,679 74 7 21,892 — 21,892 Check card revenue — 21,355 — — 21,355 — 21,355 Automated service charge and other deposit fee revenue 311 4,749 74 3 5,137 — 5,137 Deposit service charges and fees 44,932 49,437 2,430 6 96,805 — 96,805 Mortgage production revenue — 125,848 — — 125,848 125,848 — Mortgage servicing revenue — 58,249 — (1,737) 56,512 56,512 — Mortgage banking revenue — 184,097 — (1,737) 182,360 182,360 — Other revenue 23,340 8,902 38,693 (19,240) 51,695 39,092 12,603 Total fees and commissions revenue $ 187,119 $ 245,554 $ 399,229 $ (21,582) $ 810,320 $ 397,030 $ 413,290 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements [Text Block] | Fair Value Measurements Fair value is defined by applicable accounting guidance as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market for the given asset or liability at the measurement date based on market conditions at that date. An orderly transaction assumes exposure to the market for a customary period for marketing activities prior to the measurement date and not a forced liquidation or distressed sale. Certain assets and liabilities are recorded in the Company’s financial statements at fair value. Some are recorded on a recurring basis and some on a non-recurring basis. For some assets and liabilities, observable market transactions and market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. A hierarchy for fair value has been established which categorizes into three levels the inputs to valuation techniques used to measure fair value. The three levels are as follows: Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) - fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities. Significant Other Observable Inputs (Level 2) - fair value is based on significant other observable inputs which are generally determined based on a single price for each financial instrument provided to us by an applicable third-party pricing service and is based on one or more of the following: • Quoted prices for similar, but not identical, assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in inactive markets; • Inputs other than quoted prices that are observable, such as interest rate and yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates; • Other inputs derived from or corroborated by observable market inputs. Significant Unobservable Inputs (Level 3) - fair value is based upon model-based valuation techniques for which at least one significant assumption is not observable in the market. Transfers between levels are recognized as of the end of the reporting period. There were no transfers in or out of quoted prices in active markets for identical instruments to significant other observable inputs or significant unobservable inputs during the years ended December 31, 2022 and 2021, respectively. Transfers between significant other observable inputs and significant unobservable inputs during the years ended December 31, 2022 and 2021 were immaterial. The underlying methods used by the third-party pricing services are considered in determining the primary inputs used to determine fair values. Management has evaluated the methodologies employed by the third-party pricing services by comparing the price provided by the pricing service with other sources, including brokers' quotes, sales or purchases of similar instruments and discounted cash flows to establish a basis for reliance on the pricing service values. Significant differences between the pricing service provided value and other sources are discussed with the pricing service to understand the basis for their values. Based on all observable inputs, management may adjust prices obtained from third-party pricing services to more appropriately reflect the prices that would be received to sell assets or paid to transfer liabilities in orderly transactions in the current market. No significant adjustments were made to prices provided by third-party pricing services at December 31, 2022 and 2021. Assets and Liabilities Measured at Fair Value on a Recurring Basis The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of December 31, 2022 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 9,823 $ 4,970 $ 4,853 $ — Residential agency mortgage-backed securities 4,406,848 — 4,406,848 — Municipal securities 21,484 — 21,484 — Other trading securities 26,006 — 26,006 — Total trading securities 4,464,161 4,970 4,459,191 — Available for sale securities: U.S. Treasury 898 898 — — Municipal securities 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 — 4,475,917 — Other debt securities 473 — — 473 Total available for sale securities 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 — 296,590 — Residential mortgage loans held for sale 1 75,272 — 68,054 7,218 Mortgage servicing rights, net 2 277,608 — — 277,608 Derivative contracts, net of cash margin 3 880,343 2,110 878,233 — Liabilities: Derivative contracts, net of cash margin 3 554,900 16 554,884 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.55% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes. The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of December 31, 2021 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 23,610 $ 4,999 $ 18,611 $ — Residential agency mortgage-backed securities 9,068,900 — 9,068,900 — Municipal securities 25,783 — 25,783 — Other trading securities 18,520 — 18,520 — Total trading securities 9,136,813 4,999 9,131,814 — Available for sale securities: U.S. Treasury 1,000 1,000 — — Municipal securities 508,365 — 508,365 — Residential agency mortgage-backed securities 8,006,616 — 8,006,616 — Residential non-agency mortgage-backed securities 24,339 — 24,339 — Commercial agency mortgage-backed securities 4,617,025 — 4,617,025 — Other debt securities 472 — — 472 Total available for sale securities 13,157,817 1,000 13,156,345 472 Fair value option securities — Residential agency mortgage-backed securities 43,770 — 43,770 — Residential mortgage loans held for sale 1 192,295 — 185,969 6,326 Mortgage servicing rights, net 2 163,198 — — 163,198 Derivative contracts, net of cash margin 3 1,097,297 8,331 1,088,966 — Liabilities: Derivative contracts, net of cash margin 3 275,625 — 275,625 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 95.07% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded interest rate derivative contracts, net of cash margin. Derivative contracts in liability positions that were valued using quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contracts, fully offset by cash margin. Following is a description of the Company's valuation methodologies used for assets and liabilities measured on a recurring basis: Securities The fair values of trading, available for sale and fair value option securities are based on quoted prices for identical instruments in active markets, when available. If quoted prices for identical instruments are not available, fair values are based on significant other observable inputs such as quoted prices of comparable instruments or interest rates and credit spreads, yield curves, volatilities, prepayment speeds and loss severities. The fair value of certain available for sale and held-to-maturity municipal and other debt securities may be based on significant unobservable inputs. These significant unobservable inputs include limited observed trades, projected cash flows, current credit rating of the issuers and, when applicable, the insurers of the debt and observed trades of similar debt. Discount rates are primarily based on reference to interest rate spreads on comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies adjusted for a lack of trading volume. Significant unobservable inputs are developed by investment securities professionals involved in the active trading of similar securities. A summary of significant inputs used to value these securities follows. A management committee composed of senior members from the Company's Corporate Treasury, Risk Management and Finance departments assess the appropriateness of these inputs quarterly. Derivatives All derivative instruments are carried on the balance sheet at fair value. Fair values for exchange-traded contracts are based on quoted prices. Fair values for over-the-counter interest rate, commodity and foreign exchange contracts are based on valuations provided either by third-party dealers in the contracts, quotes provided by independent pricing services, or a third-party provided pricing model that uses significant other observable market inputs. Credit risk is considered in determining the fair value of derivative instruments. Management determines fair value adjustments based on various risk factors including but not limited to counterparty credit rating or equivalent loan grading, derivative contract notional size, price volatility of the underlying commodity, duration of the derivative contracts and expected loss severity. Expected loss severity is based on historical losses for similarly risk graded commercial loan customers. Decreases in counterparty credit rating or grading and increases in price volatility and expected loss severity all tend to increase the credit quality adjustment which reduces the fair value of asset contracts. We also consider our own credit risk in determining the fair value of derivative contracts. Changes in our credit rating would affect the fair value of our derivative liabilities. In the event of a credit downgrade, the fair value of our derivative liabilities would increase. Residential Mortgage Loans Held for Sale Residential mortgage loans held for sale are carried on the balance sheet at fair value. The fair values of conforming residential mortgage loans held for sale are based upon quoted market prices of such loans sold in securitization transactions, including related unfunded loan commitments. The fair value of mortgage loans that are unable to be sold to U.S. government agencies is determined using quoted prices of loans that are sold in securitization transactions with a liquidity discount applied. Fair Value of Assets and Liabilities Measured on a Non-Recurring Basis Assets measured at fair value on a non-recurring basis include pension plan assets, which are based on quoted prices in active markets for identical instruments, collateral for certain nonaccruing loans and real property and other assets acquired to satisfy loans, which are based primarily on comparisons to completed sales of similar assets. The following represents the carrying value of assets measured at fair value on a non-recurring basis and related losses recorded during the year. The carrying value represents only those assets with the balance sheet date for which the fair value was adjusted during the year: Carrying Value at December 31, 2022 Fair Value Adjustments for the Year Ended December 31, 2022 Recognized In: Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ 57 $ 4,998 $ 16,399 $ — Real estate and other repossessed assets — 3,873 1,699 — (6,437) Carrying Value at December 31, 2021 Fair Value Adjustments for the Year Ended December 31, 2021 Recognized In: Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ 808 $ 1,990 $ 2,087 $ — Real estate and other repossessed assets — 1,706 — — (150) The fair value of collateral-dependent nonaccruing loans and real estate and other repossessed assets and the related fair value adjustments are generally based on unadjusted third-party appraisals. Our appraisal review policies require appraised values to be supported by observed inputs derived principally from or corroborated by observable market data. Appraisals that are not based on observable inputs or that require significant adjustments or fair value measurements that are not based on third-party appraisals are considered to be based on significant unobservable inputs. Non-recurring fair value measurements of collateral-dependent nonaccruing loans and real estate and other repossessed assets based on significant unobservable inputs are generally due to estimates of current fair values between appraisal dates. Significant unobservable inputs include listing prices for comparable assets, uncorroborated expert opinions or management's knowledge of the collateral or industry. Non-recurring fair value measurements of collateral dependent loans secured by mineral rights are generally determined by our internal staff of engineers on projected cash flows under current market conditions and are based on significant unobservable inputs. Projected cash flows are discounted according to risk characteristics of the underlying oil and gas properties. Assets are evaluated to demonstrate with reasonable certainty that crude oil, natural gas and natural gas liquids can be recovered from known oil and gas reservoirs under existing economic and operating conditions at current prices with existing conventional equipment, operating methods and costs. Significant unobservable inputs are developed by asset management and workout professionals and approved by senior Credit Administration executives. A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2022 follows (in thousands): Quantitative Information about Level 3 Non-recurring Fair Value Measurements Fair Value Valuation Technique(s) Significant Unobservable Input Range Nonaccruing loans $ 4,998 Discounted cash flows Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil & gas reserves, forward looking commodity prices, and estimated operating costs 9% - 24% (23%) 1 Real estate and other repossessed assets 1,699 Discounted cash flows Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil & gas reserves, forward looking commodity prices, and estimated operating costs N/A 1 Represents fair value as a percentage of the unpaid principal balance. A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2021 follows (in thousands): Quantitative Information about Level 3 Non-recurring Fair Value Measurements Fair Value Valuation Technique(s) Significant Unobservable Input Range Nonaccruing loans $ 1,990 Discounted cash flows Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil & gas reserves, forward looking commodity prices, and estimated operating costs 16% - 97% (37%) 1 1 Represents fair value as a percentage of the unpaid principal balance. The fair value of pension plan assets was approximately $39 million at December 31, 2021, determined by significant other observable inputs. Fair value adjustments of pension plan assets along with changes in the projected benefit obligation were recognized in other comprehensive income. The Pension Plan was terminated during 2022, and all benefits have been paid and obligations settled. Fair Value of Financial Instruments The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or are measured at fair value on a non-recurring basis (dollars in thousands): December 31, 2022 Carrying 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 $ 943,810 $ 943,810 $ 943,810 $ — $ — Interest-bearing cash and cash equivalents 457,906 457,906 457,906 — — Trading securities: U.S. government securities 9,823 9,823 4,970 4,853 — Residential agency mortgage-backed securities 4,406,848 4,406,848 — 4,406,848 — Municipal securities 21,484 21,484 — 21,484 — Other trading securities 26,006 26,006 — 26,006 — Total trading securities 4,464,161 4,464,161 4,970 4,459,191 — Investment securities: Municipal securities 170,629 176,621 — 38,106 138,515 Residential agency mortgage-backed securities 2,315,219 2,143,360 — 2,143,360 — Commercial agency mortgage-backed securities 15,609 14,588 — 14,588 — Other debt securities 12,788 12,199 — 12,199 — Total investment securities 2,514,245 2,346,768 — 2,208,253 138,515 Allowance for credit losses (558) — — — — Investment securities, net of allowance 2,513,687 2,346,768 — 2,208,253 138,515 Available for sale securities: U.S. Treasury 898 898 898 — — Municipal securities 624,500 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 4,475,917 — 4,475,917 — Other debt securities 473 473 — — 473 Total available for sale securities 11,493,860 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 296,590 — 296,590 — Residential mortgage loans held for sale 75,272 75,272 — 68,054 7,218 Loans: Commercial 14,198,187 13,891,453 — — 13,891,453 Commercial real estate 4,606,777 4,454,048 — — 4,454,048 Paycheck protection program 14,312 14,312 — — 14,312 Loans to individuals 3,737,874 3,531,410 — — 3,531,410 Total loans 22,557,150 21,891,223 — — 21,891,223 Allowance for loan losses (235,704) — — — — Loans, net of allowance 22,321,446 21,891,223 — — 21,891,223 Mortgage servicing rights 277,608 277,608 — — 277,608 Derivative instruments with positive fair value, net of cash margin 880,343 880,343 2,110 878,233 — Deposits with no stated maturity 33,018,863 33,018,863 — — 33,018,863 Time deposits 1,461,842 1,431,245 — — 1,431,245 Other borrowed funds 7,007,285 7,005,305 — — 7,005,305 Subordinated debentures 131,205 121,497 — 121,497 — Derivative instruments with negative fair value, net of cash margin 554,900 554,900 16 554,884 — December 31, 2021 Carrying 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 $ 712,067 $ 712,067 $ 712,067 $ — $ — Interest-bearing cash and cash equivalents 2,125,343 2,125,343 2,125,343 — — Trading securities: U.S. government securities 23,610 23,610 4,999 18,611 — Residential agency mortgage-backed securities 9,068,900 9,068,900 — 9,068,900 — Municipal securities 25,783 25,783 — 25,783 — Other trading securities 18,520 18,520 — 18,520 — Total trading securities 9,136,813 9,136,813 4,999 9,131,814 — Investment securities: Municipal securities 203,772 223,609 — 57,698 165,911 Residential agency mortgage-backed securities 6,939 7,500 — 7,500 — Other debt securities 288 286 — 286 — Total investment securities 210,999 231,395 — 65,484 165,911 Allowance for credit losses (555) — — — — Investment securities, net of allowance 210,444 231,395 — 65,484 165,911 Available for sale securities: U.S. Treasury securities 1,000 1,000 1,000 — — Municipal securities 508,365 508,365 — 508,365 — Residential agency mortgage-backed securities 8,006,616 8,006,616 — 8,006,616 — Residential non-agency mortgage-backed securities 24,339 24,339 — 24,339 — Commercial agency mortgage-backed securities 4,617,025 4,617,025 — 4,617,025 — Other debt securities 472 472 — — 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 43,770 43,770 — 43,770 — Residential mortgage loans held for sale 192,295 192,295 — 185,969 6,326 Loans: Commercial 12,506,465 12,395,664 — — 12,395,664 Commercial real estate 3,831,325 3,786,767 — — 3,786,767 Paycheck protection program 276,341 269,912 — — 269,912 Loans to individuals 3,591,549 3,586,878 — — 3,586,878 Total loans 20,205,680 20,039,221 — — 20,039,221 Allowance for loan losses (256,421) — — — — Loans, net of allowance 19,949,259 20,039,221 — — 20,039,221 Mortgage servicing rights 163,198 163,198 — — 163,198 Derivative instruments with positive fair value, net of cash margin 1,097,297 1,097,297 8,331 1,088,966 — Deposits with no stated maturity 39,537,731 39,537,731 — — 39,537,731 Time deposits 1,704,328 1,703,886 — — 1,703,886 Other borrowed funds 2,363,202 2,360,746 — — 2,360,746 Subordinated debentures 131,226 141,761 — 141,761 — Derivative instruments with negative fair value, net of cash margin 275,625 275,625 — 275,625 — Because no market exists for certain of these financial instruments and management does not intend to sell these financial instruments, the fair values shown in the tables above may not represent values at which the respective financial instruments could be sold individually or in the aggregate at the given reporting date. Fair Value Election As more fully disclosed in Note 2 and Note 7 to the Consolidated Financial Statements, the Company has elected to carry all securities held as economic hedges against changes in the fair value of mortgage servicing rights and all residential mortgage loans originated for sale at fair value. Changes in the fair value of these financial instruments are recognized in earnings. |
Parent Company Only Financial S
Parent Company Only Financial Statements Parent Company Only Financial Statements | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Parent Company Only Financial Statements Summarized financial information for BOK Financial – Parent Company Only follows: Balance Sheets (In thousands) December 31, 2022 2021 Assets Cash and cash equivalents $ 165,395 $ 230,647 Loan to bank subsidiary 65,169 65,187 Investment in bank subsidiary 4,351,280 4,951,405 Investment in non-bank subsidiaries 217,011 228,447 Other assets 18,302 22,011 Total assets $ 4,817,157 $ 5,497,697 Liabilities and Shareholders’ Equity Liabilities: Other liabilities $ 3,303 $ 2,739 Subordinated debentures 131,205 131,226 Total liabilities 134,508 133,965 Shareholders’ equity: Common stock 5 5 Capital surplus 1,390,395 1,378,794 Retained earnings 4,824,164 4,447,691 Treasury stock (694,960) (535,129) Accumulated other comprehensive income (loss) (836,955) 72,371 Total shareholders’ equity 4,682,649 5,363,732 Total liabilities and shareholders’ equity $ 4,817,157 $ 5,497,697 Statements of Earnings (In thousands) Year Ended December 31, 2022 2021 2020 Dividends, interest and fees received from bank subsidiary $ 228,689 $ 483,868 $ 179,140 Dividends, interest and fees received from non-bank subsidiaries 43,281 8,030 25,050 Other revenue 1,172 767 907 Total revenue 273,142 492,665 205,097 Interest expense 6,490 10,535 13,944 Other operating expense 3,005 2,914 2,697 Total expense 9,495 13,449 16,641 Net income before taxes, other losses, net, and equity in undistributed income of subsidiaries 263,647 479,216 188,456 Other gains (losses), net (4,279) (3,415) 1,465 Net income before taxes and equity in undistributed income of subsidiaries 259,368 475,801 189,921 Federal and state income taxes (1,776) (4,202) (4,502) Net income before equity in undistributed income of subsidiaries 261,144 480,003 194,423 Equity in undistributed income of bank subsidiaries 300,330 126,380 276,217 Equity in undistributed income of non-bank subsidiaries (41,201) 11,738 (35,610) Net income attributable to BOK Financial Corp. shareholders $ 520,273 $ 618,121 $ 435,030 Statements of Cash Flows (In thousands) Year Ended December 31, 2022 2021 2020 Cash Flows From Operating Activities: Net income $ 520,273 $ 618,121 $ 435,030 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of bank subsidiaries (300,330) (126,380) (276,217) Equity in undistributed income of non-bank subsidiaries 41,201 (11,738) 35,610 Other losses (gains), net 4,279 3,415 (1,465) Change in other assets 1,317 1,160 15,225 Change in other liabilities 543 389 850 Net cash provided by operating activities 267,283 484,967 209,033 Cash Flows From Investing Activities: Investment in subsidiaries (31,552) (25,665) (14,807) Dissolution of subsidiaries 2,611 4,457 — Net cash used in investing activities (28,941) (21,208) (14,807) Cash Flows From Financing Activities: Repayment of subordinated debentures — (150,000) — Issuance of common and treasury stock, net (4,907) (4,874) (4,933) Dividends paid (143,800) (144,105) (144,437) Repurchase of common stock (154,887) (117,938) (75,830) Net cash used in financing activities (303,594) (416,917) (225,200) Net increase (decrease) in cash and cash equivalents (65,252) 46,842 (30,974) Cash and cash equivalents at beginning of period 230,647 183,805 214,779 Cash and cash equivalents at end of period $ 165,395 $ 230,647 $ 183,805 Cash paid for interest $ 6,203 $ 10,559 $ 14,064 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Subsequent Events The Company evaluated events from the date of the Consolidated Financial Statements on December 31, 2022 through the issuance of those consolidated financial statements included in this Annual Report on Form 10-K. No events were identified requiring recognition in and/or disclosure in the Consolidated Financial Statements. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation [Policy Text Block] | The Consolidated Financial Statements of BOK Financial Corporation ("BOK Financial" or "the Company") have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP"), including interpretations of U.S. GAAP issued by federal banking regulators and general practices of the banking industry. |
Consolidation [Policy Text Block] | The Consolidated Financial Statements include the accounts of BOK Financial and its subsidiaries, principally BOKF, NA, BOK Financial Securities, Inc., BOK Financial Private Wealth, Inc., BOK Financial Insurance, Inc. and Cavanal Hill Distributors, Inc. All significant intercompany transactions are eliminated in consolidation. The Consolidated Financial Statements include the assets, liabilities, non-controlling interests and results of operations of variable interest entities ("VIEs") when BOK Financial is determined to be the primary beneficiary. Variable interest entities are generally defined as entities that either do not have sufficient equity to finance their activities without support from other parties or whose equity investors lack a controlling financial interest. Determination that the Company is the primary beneficiary considers the power to direct the activities that most significantly impact the variable interest's economic performance and the obligation to absorb losses of the variable interest or the right to receive benefits of the variable interest that could be significant to the variable interest. |
Reclassifications [Text Block] | Certain prior year amounts have been reclassified to conform to current year presentation. |
Nature of Operations [Text Block] | Nature of Operations BOK Financial, through its subsidiaries, provides a wide range of financial services to commercial and industrial customers, other financial institutions, municipalities, and consumers. These services include depository and cash management; lending and lease financing; mortgage banking; securities brokerage, trading and underwriting; and personal and corporate trust. BOKF, NA operates as Bank of Oklahoma primarily in the Tulsa and Oklahoma City metropolitan areas of the state of Oklahoma and Bank of Texas primarily in the Dallas, Fort Worth and Houston metropolitan areas of the state of Texas. In addition, BOKF, NA does business as BOK Financial in the metropolitan areas of Phoenix, Arizona; Northwest Arkansas; Denver, Colorado; Kansas City, Missouri/Kansas; and as Bank of Albuquerque in Albuquerque, New Mexico. BOKF, NA also operates the TransFund electronic funds network, Cavanal Hill Investment Management, and BOK Financial Asset Management, Inc. |
Use of Estimates [Policy Text Block] | Use of Estimates Preparation of BOK Financial's Consolidated Financial Statements requires management to make estimates of future economic activities, including loan collectability, loss contingencies, prepayments and cash flows from customer accounts. These estimates are based upon current conditions and information available to management. Actual results may differ significantly from these estimates. |
Acquisitions [Policy Text Block] | Acquisitions Assets and liabilities acquired, including identifiable intangible assets, are recorded at fair value on the acquisition date. The purchase price includes consideration paid at closing and the estimated fair value of contingent consideration that will be paid in the future, subject to achieving defined performance criteria. Premiums and discounts assigned to interest-earning assets and interest-bearing liabilities are amortized over the lives of the acquired assets and liabilities on either an individual instrument or pool basis. Goodwill is recognized as the excess of the purchase price over the net fair value of assets acquired and liabilities assumed. Acquired loans with more than an insignificant credit deterioration since inception are recorded at fair value plus a gross-up amount which is offset by an allowance for credit losses. Acquired loans without a more than insignificant credit deterioration since inception are recorded at fair value. An allowance for credit losses is recognized through a provision for credit losses, similar to origination loans. The Consolidated Statements of Earnings include the results of operations from the acquisition date. |
Goodwill and Intangible Assets [Policy Text Block] | Goodwill and Intangible Assets Goodwill for each reporting unit is evaluated for impairment annually as of October 1st or more frequently if conditions indicate that impairment may have occurred. The evaluation of possible goodwill impairment involves significant judgment based upon short-term and long-term projections of future performance. Reporting units are defined by the Company as significant lines of business within each operating segment. This definition is consistent with the manner in which the chief operating decision maker assesses the performance of the Company and makes decisions concerning the allocation of resources. During the evaluation for impairment, management qualitatively assesses whether it is more likely than not that the fair value of the reporting units is less than their carrying value. Reporting unit carrying value includes sufficient capital to exceed regulatory requirements plus goodwill. This assessment includes consideration of relevant events and circumstances including, but not limited to, macroeconomic conditions, industry and market conditions, the financial and stock performance of the Company and other relevant factors. Specifically, the analysis may include: • General economic conditions including overall economic activity, consumer spending and mobility, unemployment rates, consumer confidence, and duration and severity of any current market moving instability. • Global health concerns including ongoing pandemics or potential for widespread health issues, the future course of a pandemic and the potential for medical advances. • Regional economic conditions including demand for oil and price stability of oil, other overarching conditions that may be affecting any of the Company's primary states such as weather or other catastrophes, pandemics and health related lockdowns, or other state mandates. • Industry conditions including federal funds rate movement by the Federal Reserve, the interest rate environment and the resulting effect on net interest revenue and operating revenue, and regulatory mandates that hinder or provide relief to the financial services industry. • Company specific conditions including current and forecasted income, changes in stock price, the Company's stock price compared to peers and other indexes, book value per share compared to fair value per share, goodwill compared to total shareholders' equity, current capital and liquidity position, demand for products and services, health of the loan portfolio and other credit related factors, and current credit ratings with the ratings agencies, and regulatory ratings. • Reporting unit performance and forecasts including any event that may significantly impact a reporting unit. If management concludes based on the qualitative assessment that goodwill may be impaired, a quantitative impairment test will be applied to goodwill at all reporting units. The quantitative analysis compares the fair value of the reporting unit with its carrying value. The fair value of each reporting unit is estimated by the discounted future earnings method. Goodwill is considered impaired if the fair value of the reporting unit is less than the carrying value of the reporting unit, including goodwill. Both the qualitative assessment and quantitative analysis require significant management judgment, including estimates of changes in future economic conditions and their underlying causes and duration, the reasonableness and effectiveness of management's responses to those changes, changes in governmental fiscal and monetary policies, and fair value measurements based largely on significant unobservable inputs. The results of these judgments may have a significant impact on the Company's reported results of operations. Intangible assets are generally composed of customer relationships, naming rights, non-compete agreements and core deposit premiums. They are amortized using accelerated or straight-line methods, as appropriate, over the estimated benefit periods. These periods range from 3 years to 20 years. The net book values of identifiable intangible assets are evaluated for impairment when economic conditions indicate impairment may exist. |
Cash Equivalents [Policy Text Block] | Cash Equivalents Due from banks, funds sold (generally federal funds sold for one day), resell agreements (which generally mature within one day to 30 days) and investments in money market funds are considered cash equivalents. |
Securities [Policy Text Block] | Securities Securities are identified as trading, investment (held to maturity) or available for sale at the time of purchase based upon the intent of management, liquidity and capital requirements, regulatory limitations and other relevant factors. Trading securities, which are acquired for profit through resale, are carried at fair value with unrealized gains and losses included in current period earnings. Investment securities are carried at amortized cost. Amortization is computed by methods that approximate level yield and is adjusted for changes in prepayment estimates. Securities identified as available for sale are carried at fair value. Unrealized gains and losses are recorded, net of deferred income taxes, as accumulated other comprehensive income in shareholders' equity. Available for sale securities are separately identified as pledged to creditors if the creditor has the right to sell or re-pledge the collateral. The purchase or sale of securities is recognized on a trade date basis. Realized gains and losses on sales of securities are based upon specific identification of the security sold. A receivable or payable is recognized for subsequent transaction settlement. On a quarterly basis, the Company performs separate evaluations of debt investment and available for sale securities for the presence of impairment. We assess whether impairment is present on an individual security basis when the fair value of a debt security is less than the amortized cost. Management determines whether it intends to sell or if it is more likely than not that it will be required to sell impaired securities. This determination considers current and forecasted liquidity requirements and securities portfolio management. If the Company intends to sell or it is more likely than not that it will be required to sell the impaired debt security, a charge is recognized against earnings for the entire unrealized loss. For all impaired debt securities for which there is no intent or expected requirement to sell, the evaluation considers all available evidence to assess whether it is more likely than not that all amounts due would not be collected according to the security's contractual terms and whether there is any impairment attributable to credit-related factors. If an impairment exists, the amount attributed to credit-related factors is measured and an allowance for credit loss is recognized. Declines in fair value that are not recorded in the allowance are recorded in other comprehensive income, net of taxes. BOK Financial may elect to carry certain securities that are not held for trading purposes at fair value with changes in fair value recognized in current period income. These securities are held with the intent that gains or losses will offset changes in the fair value of mortgage servicing rights or other financial instruments. Restricted equity securities represent equity interests the Company is required to hold in the Federal Reserve Banks and Federal Home Loan Banks. Restricted equity securities are carried at cost as these securities do not have a readily determined fair value because ownership of these shares is restricted and they lack a market. The fair value of our securities portfolio is generally based on a single price for each financial instrument provided to us by a third-party pricing service determined by one or more of the following: • Quoted prices for similar, but not identical, assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in inactive markets; • Inputs other than quoted prices that are observable, such as interest rate and yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates; and • Other inputs derived from or corroborated by observable market inputs. |
Derivatives Instruments [Policy Text Block] | Derivative Instruments Derivative instruments may be used by the Company as part of its internal risk management programs or may be offered to customers. All derivative instruments are carried at fair value and changes in fair value are generally reported in income as they occur. The determination of fair value of derivative instruments considers changes in interest rates, commodity prices and foreign exchange rates. Fair values for exchange-traded contracts are based on quoted prices in an active market for identical instruments. Fair values for over-the-counter contracts are generated internally using third-party valuation models. Inputs used in third-party valuation models to determine fair values are considered significant other observable inputs. Credit risk is also considered in determining fair value. Deterioration in the credit rating of customers or other counterparties reduces the fair value of asset contracts. Deterioration of our credit rating could decrease the fair value of our derivative liabilities. When bilateral netting agreements or similar agreements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract by counterparty basis. Derivative contracts may also require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral in the event of default is reasonably assured. BOK Financial offers programs that permit its customers to manage various risks, including fluctuations in energy, interest rates, foreign exchange rates, and other commodities with derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by the borrower to modify interest rate terms of their loans. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize market risk from changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in Other Operating Revenue - Brokerage and trading revenue in the Consolidated Statements of Earnings. BOK Financial may offer derivative instruments such as to-be-announced U.S. agency residential mortgage-backed securities to mortgage banking customers to enable them to manage their market risk or to mitigate the Company's market risk of holding trading securities. Changes in the fair value of derivative instruments for trading purposes or used to mitigate the market risk of holding trading securities are included in Other Operating Revenue - Brokerage and trading revenue. BOK Financial may use derivative instruments in managing its interest rate sensitivity, as part of its economic hedge of the changes in the fair value of mortgage servicing rights. Changes in the fair value of derivative instruments used in managing interest rate sensitivity and as part of its economic hedge of changes in the fair value of mortgage servicing rights are included in Other Operating Revenue - Gain (loss) on derivatives, net in the Consolidated Statements of Earnings. BOK Financial also enters into mortgage loan commitments that are considered derivative contracts. Forward sales contracts that have not been designated as hedging instruments are used to economically hedge these mortgage loan commitments as well as mortgage loans held for sale. Mortgage loan commitments, forward sales contracts, and residential mortgage loans held for sale are carried at fair value. Changes in the fair value are reported in Other Operating Revenue - Mortgage banking revenue. |
Loans [Policy Text Block] | Loans Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower's financial difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. Interest is accrued at the applicable interest rate on the outstanding principal amount. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when 90 days or more past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Payments received on nonaccruing loans are applied to principal or recognized as interest income, according to management's judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower's financial condition or a sustained period of performance. For loans acquired with no evidence of credit deterioration, discounts are accreted on either an individual basis for loans with unique characteristics or on a pool basis for groups of homogeneous loans. Accretion is discontinued when a loan with an individually attributed discount is placed on nonaccruing status. Loans to borrowers experiencing financial difficulties may be modified in troubled debt restructurings ("TDRs"). TDRs are generally classified as nonaccruing, excluding loans guaranteed by U.S. government agencies. Modifications generally consist of extension of payment terms or interest rate concessions and may result either voluntarily through negotiations with the borrower or involuntarily through court order. Payment deferrals of up to six months are generally considered to be short-term modifications. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. Performing loans may be renewed under the then current collateral, debt service ratio and other underwriting standards. Nonaccruing loans may also be renewed and will remain classified as nonaccruing. Occasionally, loans, other than residential mortgage loans, may be held for sale in order to manage credit concentration. These loans are carried at the lower of cost or fair value with gains or losses recognized in gain (loss) on assets. All loans are charged-off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a TDR. The charge-off amount is determined through an evaluation of available cash resources and collateral value. Internally risk graded loans are evaluated quarterly and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 days and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. Amortization does not anticipate loan prepayments. Net unamortized fees are recognized in full at time of payoff. We sell qualifying residential mortgage loans guaranteed by U.S. government agencies into GNMA pools. GNMA optional repurchase programs allow financial institutions to buy back individual delinquent mortgage loans that meet certain criteria from the securitized loan pool for which the institution provides servicing. At the servicer's option and without GNMA's prior authorization, the servicer may repurchase a delinquent loan for an amount equal to 100% of the remaining principal balance of the loan. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. The loans are considered to be impaired because we do not expect to receive all principal and interest based on the loan's contractual terms. A portion of the principal balance continues to be guaranteed; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of expected cash flows discounted at the original note rate plus a liquidity spread. These loans may be modified in TDRs in accordance with U.S. government agency guidelines. Interest continues to accrue at the modified rate. Loans repurchased from GNMA under the program may either be resold into GNMA pools after a performance period specified by the program or foreclosed and conveyed to the guarantors. Loans are disaggregated into portfolio segments and further disaggregated into classes. The portfolio segment is the level at which the Company develops and documents a systematic method for determining its Allowance for Credit Losses. Classes are based on the risk characteristics of the loans and the Company's method for monitoring and assessing credit risk. |
Allowance for Loan Losses and Accrual for Off-Balance Sheet Credit Losses [Policy Text Block] | Allowances for Credit Losses and Accrual for Off-balance Sheet Credit Risk from Unfunded Loans Commitments The allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments represent the portion of the amortized cost basis of loans and related unfunded commitments that we do not expect to collect over the asset’s contractual life, considering past events, current conditions, and reasonable and supportable forecasts of future economic conditions. The appropriateness of the allowance for credit losses and accrual for off-balance sheet credit risk from unfunded loan commitments, including industry and product adjustments, is assessed quarterly by a senior management Allowance Committee. This review is based on an on-going evaluation of the estimated expected credit losses in the portfolio and on unused commitments to provide financing. A well documented methodology has been developed and is applied by an independent Credit Administration department to assure consistency across the Company. Because of the subjective forward-looking nature of the calculation, changes in these measures may not directly correlate with actual economic events. In future periods, management judgment may consider new or changed information which may cause significant changes in these allowances in those future periods. The allowance for loan losses consists of specific allowances attributed to certain individual loans, generally nonaccruing loans, with dissimilar risk characteristics that have not yet been charged down to amounts we expect to recover and general allowances for estimated credit losses on pools of loans that share similar risk characteristics. When full collection of principal or interest is uncertain, the loan’s risk characteristics have changed, and we exclude the loan from the general allowance pool, typically designating it as nonaccruing. For these loans, a specific allowance reflects the expected credit loss. We measure specific allowances for loans excluded from the general allowance pool by an evaluation of estimated future cash flows discounted at the loan's initial effective interest rate or the fair value of collateral for certain collateral dependent loans. For a non-collateral dependent loan, the specific allowance is the amount by which the loan’s amortized cost basis exceeds its net realizable value. We measure the specific allowance for collateral dependent loans as the amount by which the loan’s amortized cost basis exceeds its fair value. When repayment is expected to be provided substantially through the sale of collateral, we deduct estimated selling costs from the collateral’s fair value. Generally, third party appraisals that conform to Uniform Standards of Professional Appraisal Practice serve as the basis for the fair value of real property held as collateral. These appraised values are on an "as-is" basis and generally are not adjusted by the Company. We obtain updated appraisals at least annually or more frequently if market conditions indicate collateral values may have declined. For energy loans, our internal staff of engineers generally determines collateral value of mineral rights based on projected cash flows from proven oil and gas reserves under existing economic and operating conditions. Our special assets staff generally determines the value of other collateral based on projected liquidation cash flows under current market conditions. We evaluate collateral values and available cash resources quarterly. Historical statistics may be used to estimate specific allowances in limited situations, such as when a collateral dependent loan is removed from the general allowance pool near the end of a reporting period until an appraisal of collateral value is received or a full assessment of future cash flows is completed. General allowances estimate expected credit losses on pools of loans sharing similar risk characteristics that are expected to occur over the loan’s estimated remaining life. The loan’s estimated remaining life represents the contractual term adjusted for amortization, estimates of prepayments, and borrower-owned extension options. Approximately 90% of the committed dollars in the loan portfolio is risk graded loans with general allowance model inputs that include probability of default, loss given default, and exposure at default. Probability of default is based on the migration of loans from performing to nonperforming using historical life of loan analysis periods. Loss given default is based on the aggregate losses incurred, net of estimated recoveries. Exposure at default represents an estimate of the outstanding amount of credit exposure at the time a default may occur. Charge-off migration is used to calculate the general allowance for the majority of non-risk graded loans to individuals. The expected credit loss on less than 10% of the committed dollars in the portfolio is calculated using charge-off migration. The expected credit loss on approximately 1% of the committed dollars in the portfolio is calculated using a non-modeled approach. Specifically, the calculation applies a long-term net charge-off rate to the loan balances, adjusted for the weighted average remaining maturity of each portfolio. In estimating the expected credit losses for general allowances on performing risk-graded loans, each portfolio class is assigned relevant economic loss drivers which best explain variations in portfolio net loss rates. The probability of default estimates for each portfolio class are adjusted for current and forecasted economic conditions. The result is applied to the exposure at default and loss given default to calculate the lifetime expected credit loss estimate. Selection of relevant economic loss drivers is re-evaluated periodically and involves statistical analysis as well as management judgment. The unemployment rate factors significantly in the allowance for loan losses calculation, affecting commercial and loans to individuals segments. Other primary factors impacting the commercial portfolio include BBB corporate spreads, real gross domestic product growth rate, and energy commodity prices. The primary commercial real estate variables are vacancy rate and BBB corporate spreads. In addition to the unemployment rate, the forecast for loans to individuals is tied to home price index. The forecasts may include regional economic factors when localized conditions diverge from national conditions. An Economic Forecast Committee, consisting of senior management with members largely independent of the allowance process, develops a twelve-month forward-looking forecast for the relevant economic loss drivers. Management develops these forecasts based on external data as well as a view of future economic conditions, which may include adjustments for regional conditions. The forecast includes three economic scenarios and probability weights for each scenario. The base forecast represents management's view of the most likely outcome, while the downside forecast reflects reasonably possible worsening economic conditions, and the upside forecast projects reasonably possible improving conditions. At the end of the one-year reasonable and supportable forecast period, we transition from shorter-term expected losses to long-term loss averages for the loan’s estimated remaining life. The difference between short-term loss forecasts and long-term loss averages is run-off over the reversion horizon, up to three years, depending on the forecasted economic scenarios. General allowances also consider the estimated impact of factors that are not captured in the modeled results or historical experience. These factors may increase or decrease modeled results by amounts determined by the Allowance Committee. Factors not captured in modeled results or historical experience may include for example, new lines of business, market conditions that have not been previously encountered, observed changes in credit risk that are not yet reflected in macro-economic factors, or economic conditions that impact loss given default assumptions. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees that are not unconditionally cancellable by the bank. This accrual is included in other liabilities in the Consolidated Balance Sheets. The appropriateness of the accrual is determined in the same manner as the allowance for loan losses, with the added consideration of commitment usage over the remaining life for those loans that the bank can not unconditionally cancel. |
Real Estate and Other Repossessed Assets [Policy Text Block] | Real Estate and Other Repossessed Assets Real estate and other repossessed assets are acquired in partial or total forgiveness of loans. These assets are carried at the lower of cost, which is the fair value at date of foreclosure less estimated disposal costs, or current fair value less estimated disposal costs. Decreases in fair value below cost are recognized as asset-specific valuation allowances which may be reversed when supported by future increases in fair value. Subsequent increases in fair value may be used to reduce the valuation allowance but not below zero. Fair values of real estate are based on "as is" appraisals which are updated at least annually or more frequently for certain asset types or assets located in certain distressed markets. Fair values based on appraisals are generally considered to be based on significant other observable inputs. The Company also considers decreases in listing price and other relevant information in quarterly evaluations and reduces the carrying value of real estate and other repossessed assets when necessary. Fair values based on list prices and other relevant information are generally considered to be based on significant unobservable inputs. Additional costs incurred to complete real estate and other repossessed assets may increase the carrying value, up to current fair value based on "as completed" appraisals. The fair value of mineral rights included in repossessed assets is generally determined by our internal staff of engineers based on projected cash flows from proven oil and gas reserves under existing economic and operating conditions. Proven oil and gas reserves are estimated quantities that geological and engineering data demonstrate, with reasonable certainty, to be recoverable in future years from known reservoirs using existing prices and costs. Projected cash flows incorporate assumptions related to a number of factors including production, sales prices, operating expenses, severance, ad valorem taxes, capital costs and appropriate discount rate. Fair values determined through this process are considered to be based on Level 3 inputs. The value of other repossessed assets is generally determined by our special assets staff based on projected liquidation cash flows under current market conditions. Income generated by these assets is recognized as received. Operating expenses are recognized as incurred. Gains or losses on sales of real estate and other repossessed assets are based on the cash proceeds received less the cost basis of the asset, net of any valuation allowances. The estimated disposal costs of real estate and other repossessed assets are evaluated by the Company on an annual basis based on actual results. |
Transfers of Financial Assets [Policy Text Block] | Transfers of Financial Assets BOK Financial regularly transfers financial assets as part of its mortgage banking activities and periodically may transfer other financial assets. Transfers are recorded as sales when the criteria for surrender of control are met. The Company has elected to carry certain residential mortgage loans held for sale at fair value under the fair value option. Changes in fair value are recognized in net income as they occur. These loans are reported separately in the Consolidated Balance Sheets and changes in fair value are recorded in Other Operating Revenue - Mortgage banking revenue in the Consolidated Statements of Earnings. Fair value of conforming residential mortgage loans that will be sold to U.S. government agencies is based on sales commitments or market quotes considered Level 2 inputs. Fair value of mortgage loans that are unable to be sold to U.S. government agencies is based on Level 3 inputs using quoted prices of loans that are sold in securitization transactions with a liquidity discount applied. The fair value is corroborated with an independent third party on at least an annual basis. BOK Financial retains a repurchase obligation under underwriting representations and warranties related to residential mortgage loans transferred and generally retains the right to service the loans. These are not credit obligations. The Company may incur a recourse obligation in limited circumstances. Separate accruals are recognized in Other liabilities in the Consolidated Balance Sheets for repurchase and recourse obligations. These reserves reflect the estimated amount of probable loss the Company will incur as a result of repurchasing a loan, indemnifications, and other settlement resolutions. Repurchases of loans with an origination defect that are also credit impaired are considered collateral dependent and are initially recognized at net realizable value (appraised value less the cost to sell). The difference between unpaid principal balance and net realizable value is not accreted. Repurchases of loans with an origination defect that are not credit impaired are carried at fair value as of the repurchase date. Interest income continues to accrue on these loans and the discount is accreted over the estimated life of the loan. The Company may also choose to purchase GNMA loans once certain mandated delinquency criteria are met. The loans that are eligible and are chosen to be repurchased are initially recognized at fair value based on expected cash flows discounted using the average agency guaranteed debenture rates, average actual principal loss rates and liquidity premium. The Company may also retain a residual interest in excess cash flows generated by the assets. All assets obtained, including cash, servicing rights and residual interests, and all liabilities incurred, including recourse obligations, are initially recognized at fair value. All assets transferred are derecognized and any gain or loss on the sale is recognized in earnings. Subsequently, servicing rights and residual interest are carried at fair value with changes in fair value recognized in earnings as they occur. |
Mortgage Servicing Rights [Policy Text Block] | Mortgage Servicing Rights Mortgage servicing rights may be purchased or may be recognized when mortgage loans are originated and sold with servicing rights retained. All mortgage servicing rights are carried at fair value. Changes in the fair value are recognized in earnings as they occur. Mortgage servicing rights are not traded in active markets. A cash flow model is used to determine fair value. Key assumptions and estimates, including projected prepayment speeds and assumed servicing costs, earnings on escrow deposits, ancillary income and discount rates, used by this model are based on current market sources. Assumptions used to value mortgage servicing rights are considered significant unobservable inputs. A separate third-party model is used to estimate prepayment speeds based on interest rates, housing turnover rates, estimated loan curtailment, anticipated defaults and other relevant factors. The prepayment model is updated daily for changes in market conditions and adjusted to better correlate with actual performance of BOK Financial's servicing portfolio. Fair value estimates from outside sources are received at least quarterly to corroborate the results of the valuation model. |
Premises and Equipment [Policy Text Block] | Premises and Equipment Premises and equipment are carried at cost, including capitalized interest when appropriate, less accumulated depreciation and amortization. Depreciation and amortization are computed on a straight-line basis over the estimated useful lives of the assets or, for leasehold improvements, over the shorter of the estimated useful lives or remaining lease terms. Useful lives range from 5 years to 40 years for buildings and improvements, 3 years to 10 years for software and related implementation costs, and 3 years to 10 years for furniture and equipment. Construction in progress represents facilities construction and data processing systems projects underway that have not yet been placed into service. Depreciation and amortization begin once the assets are placed into service. Repair and maintenance costs, including software maintenance and enhancement costs, are charged to expense as incurred. Software licensing costs are generally charged to expense as incurred. Software licensing costs are capitalized if the contractual right to take possession of the software exists and it is feasible to take possession without significant penalty. Capitalized costs are amortized over the shorter of the estimated useful life of the software or remaining contractual life of the license. Premises no longer used by the Company are transferred to real estate and other repossessed assets. The transferred amount is the lower of cost less accumulated depreciation or fair value less estimated disposal costs as of the transfer date. Premises and equipment includes rights to use leased facilities and equipment. Right of use assets are initially measured by the present value of future rent payments over lease terms, adjusted for rent concessions. Rent payments exclude both payments made for non-lease components such as services and variable lease payments other than payments dependent on an index at lease commencement. Lease term includes options reasonably certain to be exercised. The right of use assets and lease liabilities are amortized to achieve straight-line expense over the lease term. Upon lease modification, the right of use asset and liability are reassessed and remeasured. Right of use assets are evaluated for impairment when facts and circumstances change that indicate an impairment may be necessary. Leases less than twelve months are excluded from capitalization. Ongoing technology projects of significant size or length are reviewed at least annually for impairment. Accumulated costs are reviewed for projects or components of projects that do not support the value of the asset being developed. Findings of obsolescence, duplicate effort or other conditions that do not support the recorded value are impaired, with the cost of the impaired components being charged to current-year earnings. |
Federal and State Income Taxes [Policy Text Block] | Federal and State Income Taxes Determination of income tax expense and related assets and liabilities is complex and requires estimates and judgments when applying tax laws, rules, regulations and interpretations. It also requires judgments as to future earnings and the timing of future events. Accrued income taxes represent an estimate of net amounts due to or from taxing jurisdictions based upon these estimates, interpretations and judgments. BOK Financial and its subsidiaries file consolidated tax returns. The subsidiaries provide for income taxes on a separate return basis and remit to BOK Financial amounts determined to be currently payable. BOK Financial is an agent for its subsidiaries under the Company's tax sharing agreements and has no ownership rights to any refunds received for the benefit of its subsidiaries. Management evaluates the Company's current tax expense or benefit based upon estimates of taxable income, tax credits and statutory federal and state income tax rates. The amount of current income tax expense or benefit recognized in any period may differ from amounts reported to taxing authorities. Annually, we file tax returns with each jurisdiction where we conduct business and adjust recognized income tax expense or benefit to filed tax returns. Deferred tax assets and liabilities are recognized based upon the differences between the values of assets and liabilities as recognized in the financial statements and their related tax basis using enacted tax rates in effect for the year in which the differences are expected to be recovered or settled. The effect of changes in statutory tax rates on the measurement of deferred tax assets and liabilities is recognized through income tax expense in the period the change is enacted. A valuation allowance is provided when it is more likely than not that some portion of the entire deferred tax asset may not be realized. |
Employee Benefit Plans [Policy Text Block] | Employee Benefit Plans BOK Financial sponsors a defined contribution plan ("Thrift Plan") and a defined benefit cash balance pension plan ("Pension Plan"). Employer contributions to the Thrift Plan, which matches employee contributions subject to percentage and years of service limits, are expensed when incurred. Pension Plan costs, which are based upon actuarial computations of current costs, are expensed annually. Pension Plan benefits were curtailed as of April 1, 2006. At December 31, 2022, the Pension Plan has been terminated, all benefits have been paid and all obligations settled. Prior to termination, BOK Financial recognized the funded status of its employee benefit plans. Adjustments required to recognize the Pension Plan's net funded status were made through accumulated other comprehensive income, net of deferred income taxes. See Note 11, "Employee Benefit Plans" for further discussion. |
Shared-Based Compensation Plans [Policy Text Block] | Share-Based Compensation Plans BOK Financial awards non-vested common shares and stock options as compensation to certain officers. The grant date fair value of non-vested shares is based on the then-current market value of BOK Financial common stock. Non-vested shares generally cliff vest in 3 years and are subject to a holding period after vesting of 2 years. The grant date fair value of stock options is based on the Black-Scholes option pricing model. Stock options generally have graded vesting over 7 years. Each tranche is considered a separate award for valuation and compensation cost recognition. No options have been granted since 2013. Compensation cost is initially based on the grant date fair value of the award and recognized as expense over the service period, which is generally the vesting period. Expense is reduced for estimated forfeitures over the vesting period and adjusted for actual forfeitures as they occur. Share-based compensation awarded to certain officers has performance conditions that affect the number of awards granted. Compensation cost is adjusted based on the probable outcome of the performance conditions. Restricted stock units ("RSUs") may also be awarded for certain executives who have elected to defer income recognition upon vesting of their awards. RSUs are subject to the same vesting criteria as non-vested shares. Upon vesting and meeting other relevant conditions, RSUs are settled through cash distributions. The value of the awards will vary in amounts equal to changes in the fair value of an equal number of BOK Financial common shares. |
Other Operating Revenue [Policy Text Block] | Other Operating Revenue Fees and commissions revenue is generated through the sales of products, consisting primarily of financial instruments, and the performance of services for customers under contractual obligations. Revenue from providing services for customers is recognized at the time services are provided in an amount that reflects the consideration we expect to be entitled to for those services. Revenue is recognized based on the application of five steps: • Identify the contract with a customer • Identify the performance obligations in the contract • Determine the transaction price • Allocate the transaction price to the performance obligations in the contract • Recognize revenue when (or as) the Company satisfies a performance obligation For contracts with multiple performance obligations, individual performance obligations are accounted for separately if the customer can benefit from the good or service on its own or with other resources readily available to the customer and the promise to transfer goods and services to the customer is separately identifiable in the contract. The transaction price is allocated to the performance obligations based on relative standalone selling prices. Revenue is recognized on a gross basis whenever we have primary responsibility and risk in providing the services or products to our customers and have discretion in establishing the price for the services or products. Revenue is recognized on a net basis whenever we act as an agent for products or services of others. Brokerage and trading revenue includes revenues from trading, customer hedging, retail brokerage, investment banking and insurance brokerage. Trading revenue includes net realized and unrealized gains primarily related to sales of securities to institutional customers and related derivative contracts. Customer hedging revenue includes realized and unrealized changes in the fair value of derivative contracts held for customer risk management programs including credit valuation adjustments, as necessary. We offer commodity, interest rate, foreign exchange and equity derivatives to our customers. These customer contracts are offset with contracts with selected counterparties and exchanges to minimize changes in market risk from changes in commodity prices, interest rates or foreign exchange rates. Retail brokerage revenue represents fees and commissions earned on sales of fixed income securities, annuities, mutual funds and other financial instruments to retail customers. Investment banking revenue includes fees earned upon completion of underwriting and financial advisory services. Investment banking revenue also includes fees earned in conjunction with loan syndications. Insurance brokerage revenues represent fees and commissions earned on placement of insurance products with carriers for property and casualty and health coverage. Transaction card revenue includes merchant discount fees and electronic funds transfer network fees, net of interchange fees paid to card issuers and assessments paid to card networks. Merchant discount fees represent fees paid by customers for account management and electronic processing of card transactions. Merchant discount fees are recognized at the time the customer’s transactions are processed or other services are performed. The Company also maintains the TransFund electronic funds transfer network for the benefit of its members, which includes BOKF, NA. Electronic funds transfer fees are recognized as electronic transactions are processed on behalf of its members. Fiduciary and asset management revenue includes fees from asset management, custody, recordkeeping, investment advisory and administration services. Revenue is recognized on an accrual basis at the time the services are performed and may be based on either the fair value of the account or the service provided. Deposit service charges and fees include commercial account service charges, overdraft fees, check card fee revenue and automated service charges and other deposit service fees. Fees are recognized at least quarterly in accordance with published deposit account agreements and disclosure statements for retail accounts or contractual agreements for commercial accounts. Item charges for overdraft or non-sufficient funds items are recognized as items are presented for payment. Account balance charges and activity fees are accrued monthly and collected in arrears. Commercial account activity fees may be offset by an earnings credit based on account balances. Check card fees represent interchange fees paid by a merchant bank for transactions processed from cards issued by the Company. Check card fees are recognized when transactions are processed. |
Newly Adopted and Pending Accounting Pronouncements [Policy Text Block] | Newly Adopted and Pending Accounting Pronouncements The following is a summary of newly adopted and pending accounting pronouncements that may have a more than insignificant effect on the Company's financial statements. Financial Accounting Standards Board ("FASB") FASB Accounting Standards Update No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04") On March 12, 2020, the FASB issued ASU 2020-04 which provides optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued, subject to meeting certain criteria. Under the new guidance, an entity can elect by accounting topic or industry subtopic to account for the modification of a contract affected by reference rate reform as a continuation of the existing contract, if certain conditions are met. In addition, the new guidance allows an entity to elect on a hedge-by-hedge basis to continue to apply hedge accounting for hedging relationships in which the critical terms change due to reference rate reform, if certain conditions are met. A one-time election to sell and/or transfer held-to-maturity debt securities that reference a rate affected by reference rate reform is also allowed. ASU 2020-04 became effective for all entities as of March 12, 2020 and will apply to all LIBOR reference rate modifications through December 31, 2022. Adoption of ASU 2020-04 did not have a material impact on the Company's financial statements. FASB Accounting Standards Update No. 2021-01, Reference Rate Reform (Topic 848): Scope ("ASU 2021-01") On January 7, 2021, the FASB issued ASU 2021-01 which clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The amendments in this update are elective and apply to all entities that have derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. The amendments also optionally apply to all entities that designate receive-variable-rate, pay-variable-rate cross-currency interest rate swaps as hedging instruments in net investment hedges that are modified as a result of reference rate reform. ASU 2021-01 is effective immediately for all entities and amendments may be applied on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020. Adoption of ASU 2021-01 did not have a material impact on the Company's financial statements. FASB Accounting Standards Update No. 2022-01, Derivatives and Hedging (Topic 815), Fair Value Hedging - Portfolio Layer Method ("ASU 2022-01") On March 28, 2022, the FASB issued ASU 2022-01 which clarifies existing guidance around fair value hedge accounting of interest rate risk for portfolios of financial assets. Under existing guidance, the "last-of-layer" method (now known as the "portfolio layer" method) enables an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable financial assets without having to consider prepayment risk or credit risk when measuring those assets. ASU 2022-01 expands the scope of this guidance to allow entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and non-prepayable financial assets. ASU 2022-01 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of ASU 2022-01 is not expected to have a material impact on the Company's financial statements as we do not currently apply hedge accounting to our financial assets. FASB Accounting Standards Update No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ("ASU 2022-02") On March 31, 2022, the FASB issued ASU 2022-02 which eliminates the accounting guidance on troubled debt restructurings ("TDRs") for creditors in ASC 310-40, while also no longer requiring an entity to consider renewals, modifications, and extensions that result from reasonably expected TDRs in their calculation of the allowance for credit losses. ASU 2022-02 requires enhanced disclosures for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulties. Further, it requires entities to disclose gross write-offs recorded in the current period by year of origination in the vintage disclosures on a year-to-date basis. ASU 2022-02 is effective for fiscal years beginning after December 15, 2022 and amendments related to TDR recognition and measurement may be applied using either a prospective or modified retrospective transition method, while amendments on TDR and vintage disclosures are to be adopted prospectively. The Company will adopt ASU 2022-02 on January 1, 2023, using the prospective transition method. Adoption of this standard will not have a material effect on the Company's financial condition or results of operations. FASB Accounting Standards Update No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 ("ASU 2020-06") On December 21, 2022, the FASB issued ASU 2022-06, which defers the sunset date of ASU 2020-04 from December 31,2022 to December 31, 2024; the details of ASU 2020-04 are described further above. Adoption of ASU 2022-06 did not have a material impact on the Company's financial statements. |
Reclassifications (Policies)
Reclassifications (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Reclassifications [Text Block] | Certain prior year amounts have been reclassified to conform to current year presentation. |
Securities (Tables)
Securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Marketable Securities [Abstract] | |
Trading Securities [Table Text Block] | The fair value and net unrealized gain (loss) included in trading securities is as follows (in thousands): December 31, 2022 December 31, 2021 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) U.S. government securities $ 9,823 $ (16) $ 23,610 $ 40 Residential agency mortgage-backed securities 4,406,848 4 9,068,900 (9,338) Municipal securities 21,484 (136) 25,783 34 Other trading securities 26,006 (175) 18,520 (26) Total trading securities $ 4,464,161 $ (323) $ 9,136,813 $ (9,290) |
Investment Securities (Held-to-Maturity) [Table Text Block] | The amortized cost and fair values of investment securities are as follows (in thousands): December 31, 2022 Amortized Carrying Fair Gross Unrealized Cost Value 1 Value Gain Loss Municipal securities $ 170,629 $ 170,629 $ 176,621 $ 6,456 $ (464) Mortgage-backed securities: Residential agency 2,538,565 2,315,219 2,143,360 155 (172,014) Commercial agency 17,259 15,609 14,588 — (1,021) Other debt securities 12,788 12,788 12,199 — (589) Total investment securities $ 2,739,241 $ 2,514,245 $ 2,346,768 $ 6,611 $ (174,088) Allowance for credit losses (558) (558) — — — Investment securities, net of allowance $ 2,738,683 $ 2,513,687 $ 2,346,768 $ 6,611 $ (174,088) 1 Carrying value includes $225 million of net unrealized loss which remains in Accumulated Other Comprehensive Income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio. December 31, 2021 Amortized Carrying Fair Gross Unrealized Cost Value Value Gain Loss Municipal securities $ 203,772 $ 203,772 $ 223,609 $ 19,851 $ (14) Residential agency mortgage-backed securities 6,939 6,939 7,500 561 — Other debt securities 288 288 286 — (2) Total investment securities $ 210,999 $ 210,999 $ 231,395 $ 20,412 $ (16) Allowance for credit losses (555) (555) — — — Investment securities, net of allowance $ 210,444 $ 210,444 $ 231,395 $ 20,412 $ (16) The amortized cost and fair values of investment securities at December 31, 2022, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Carrying value $ 23,329 $ 103,089 $ 67,660 $ 4,948 $ 199,026 4.33 Fair value 23,440 109,073 65,947 4,948 203,408 Residential mortgage-backed securities: Carrying value $ 2,315,219 2 Fair value 2,143,360 Total investment securities: Carrying value $ 2,514,245 Fair value 2,346,768 1 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 5.4 years based upon current prepayment assumptions. Temporarily Impaired Investment Securities (In thousands): December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 22 $ 18,037 $ 406 $ 544 $ 58 $ 18,581 $ 464 Mortgage-backed securities: Residential agency 116 $ 2,142,114 $ 172,014 $ — $ — $ 2,142,114 $ 172,014 Commercial agency 2 $ 14,588 $ 1,021 $ — $ — $ 14,588 $ 1,021 Other debt securities 3 $ 9,428 $ 571 $ 257 $ 18 $ 9,685 $ 589 Total investment securities 143 $ 2,184,167 $ 174,012 $ 801 $ 76 $ 2,184,968 $ 174,088 December 31, 2021 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 1 $ — $ — $ 587 $ 14 $ 587 $ 14 Other debt securities 2 273 2 — — 273 2 Total investment securities 3 $ 273 $ 2 $ 587 $ 14 $ 860 $ 16 |
Available for Sale Securities [Table Text Block] | The amortized cost and fair value of available for sale securities are as follows (in thousands): December 31, 2022 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,000 $ 898 $ — $ (102) Municipal securities 687,875 624,500 321 (63,696) Mortgage-backed securities: Residential agency 6,161,358 5,814,496 13,085 (359,947) Residential non-agency 616,423 577,576 11,776 (50,623) Commercial agency 4,892,257 4,475,917 3,479 (419,819) Other debt securities 500 473 — (27) Total available for sale securities $ 12,359,413 $ 11,493,860 $ 28,661 $ (894,214) December 31, 2021 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,001 $ 1,000 $ — $ (1) Municipal securities 515,551 508,365 1,302 (8,488) Mortgage-backed securities: Residential agency 7,908,587 8,006,616 155,477 (57,448) Residential non-agency 10,625 24,339 13,714 — Commercial agency 4,628,172 4,617,025 36,868 (48,015) Other debt securities 500 472 — (28) Total available for sale securities $ 13,064,436 $ 13,157,817 $ 207,361 $ (113,980) The amortized cost and fair values of available for sale securities at December 31, 2022, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Amortized cost $ 121,279 $ 2,529,961 $ 2,396,317 $ 534,075 $ 5,581,632 6.11 Fair value 118,907 2,358,353 2,126,561 497,967 5,101,788 Residential mortgage-backed securities: Amortized cost $ 6,777,781 2 Fair value 6,392,072 Total available-for-sale securities: Amortized cost $ 12,359,413 Fair value 11,493,860 1 Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 4.4 years based upon current prepayment assumptions. Sales of available for sale securities resulted in gains and losses as follows (in thousands): Year Ended December 31, 2022 2021 2020 Proceeds $ 307,481 $ 622,881 $ 384,507 Gross realized gains 5,054 5,702 9,976 Gross realized losses (6,025) (1,998) (66) Related federal and state income tax expense (227) 889 2,524 |
Debt Securities, Available for Sale, Unrealized Loss Position [Table Text Block] | Temporarily Impaired Available for Sale Securities (In thousands) December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ — $ — $ 899 $ 102 $ 899 $ 102 Municipal securities 227 146,634 5,301 428,248 58,395 574,882 63,696 Mortgage-backed securities: Residential agency 613 $ 3,879,582 $ 256,973 $ 863,732 $ 102,974 $ 4,743,314 $ 359,947 Residential non-agency 26 499,716 50,623 — — 499,716 50,623 Commercial agency 285 1,647,778 63,701 2,535,816 356,118 4,183,594 419,819 Other debt securities 1 — — 473 27 473 27 Total available for sale securities 1,153 $ 6,173,710 $ 376,598 $ 3,829,168 $ 517,616 $ 10,002,878 $ 894,214 December 31, 2021 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ 1,000 $ 1 $ — $ — $ 1,000 $ 1 Municipal securities 175 423,575 7,762 22,476 726 446,051 8,488 Mortgage-backed securities: Residential agency 120 $ 2,382,094 $ 37,121 $ 750,044 $ 20,327 $ 3,132,138 $ 57,448 Commercial agency 165 2,104,689 35,488 703,216 12,527 2,807,905 48,015 Other debt securities 1 — — 472 28 472 28 Total available for sale securities 462 $ 4,911,358 $ 80,372 $ 1,476,208 $ 33,608 $ 6,387,566 $ 113,980 |
Fair Value Option Securities [Table Text Block] | The fair value and net unrealized gain (loss) included in fair value option securities is as follows (in thousands): December 31, 2022 December 31, 2021 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) Residential agency mortgage-backed securities $ 296,590 $ 338 $ 43,770 $ 1,591 |
Derivatives (Tables)
Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instrument Detail [Abstract] | |
Derivative Contracts [Table Text Block] | The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2022 (in thousands): Assets 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: Interest rate contracts $ 2,629,318 $ 158,825 $ — $ 158,825 $ (114,955) $ 43,870 Energy contracts 7,918,020 1,232,283 (594,543) 637,740 (67,024) 570,716 Foreign exchange contracts 219,791 216,569 — 216,569 — 216,569 Equity option contracts 21,102 193 — 193 (109) 84 Total customer risk management programs 10,788,231 1,607,870 (594,543) 1,013,327 (182,088) 831,239 Trading 17,400,037 126,910 (74,647) 52,263 (4,646) 47,617 Interest rate risk management programs 85,000 1,500 (13) 1,487 — 1,487 Total derivative contracts $ 28,273,268 $ 1,736,280 $ (669,203) $ 1,067,077 $ (186,734) $ 880,343 Liabilities Notional¹ Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,629,122 $ 158,816 $ — $ 158,816 $ — $ 158,816 Energy contracts 8,696,060 1,242,058 (594,543) 647,515 (484,319) 163,196 Foreign exchange contracts 214,855 211,233 — 211,233 (7) 211,226 Equity option contracts 21,102 193 — 193 — 193 Total customer risk management programs 11,561,139 1,612,300 (594,543) 1,017,757 (484,326) 533,431 Trading 14,038,906 94,958 (74,647) 20,311 (423) 19,888 Interest rate risk management programs 178,806 1,594 (13) 1,581 — 1,581 Total derivative contracts $ 25,778,851 $ 1,708,852 $ (669,203) $ 1,039,649 $ (484,749) $ 554,900 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2021 (in thousands): Assets 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: Interest rate contracts $ 2,614,162 $ 53,881 $ (10,101) $ 43,780 $ — $ 43,780 Energy contracts 6,360,095 1,168,363 (375,624) 792,739 — 792,739 Foreign exchange contracts 216,272 215,148 — 215,148 — 215,148 Equity option contracts 42,136 755 — 755 (242) 513 Total customer risk management programs 9,232,665 1,438,147 (385,725) 1,052,422 (242) 1,052,180 Trading 35,592,751 139,694 (104,326) 35,368 (721) 34,647 Internal risk management programs 869,506 10,687 (217) 10,470 — 10,470 Total derivative contracts $ 45,694,922 $ 1,588,528 $ (490,268) $ 1,098,260 $ (963) $ 1,097,297 Liabilities Notional¹ Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,614,162 $ 54,062 $ (10,101) $ 43,961 $ (33,870) $ 10,091 Energy contracts 6,480,840 1,210,946 (375,624) 835,322 (803,102) 32,220 Foreign exchange contracts 208,381 207,119 — 207,119 (447) 206,672 Equity option contracts 42,136 755 — 755 — 755 Total customer risk management programs 9,345,519 1,472,882 (385,725) 1,087,157 (837,419) 249,738 Trading 41,285,649 152,947 (104,326) 48,621 (24,074) 24,547 Internal risk management programs 298,832 1,557 (217) 1,340 — 1,340 Total derivative contracts $ 50,930,000 $ 1,627,386 $ (490,268) $ 1,137,118 $ (861,493) $ 275,625 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. |
Derivative Instruments, Gain (Loss) in Statement of Earnings [Table Text Block] | The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the Consolidated Statements of Earnings (in thousands): Year Ended December 31, 2022 2021 2020 Brokerage Gain (Loss) Brokerage Gain (Loss) Brokerage Gain (Loss) Customer risk management programs: Interest rate contracts $ 10,690 $ — $ 5,503 $ — $ 4,507 $ — Energy contracts 34,435 — 14,190 — 17,287 — Agricultural contracts — — 27 — 34 — Foreign exchange contracts 591 — 712 — 921 — Equity option contracts — — — — — — Total customer risk management programs 45,716 — 20,432 — 22,749 — Trading 1 48,616 — (11,453) — 8,255 — Internal risk management programs — (73,011) — (19,378) — 42,320 Total derivative contracts $ 94,332 $ (73,011) $ 8,979 $ (19,378) $ 31,004 $ 42,320 |
Loans and Allowances for Cred_2
Loans and Allowances for Credit Losses (Tables) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Loans and Leases Receivable, Net Amount [Abstract] | ||
Schedule of the Loans by Portfolio Segment [Table Text Block] | The portfolio segments of the loan portfolio are as follows (in thousands): December 31, 2022 December 31, 2021 Fixed Variable Non-accrual Total Fixed Variable Non-accrual Total Commercial $ 3,378,110 $ 10,759,780 $ 60,297 $ 14,198,187 $ 3,360,117 $ 9,072,244 $ 74,104 $ 12,506,465 Commercial real estate 874,716 3,715,491 16,570 4,606,777 929,015 2,888,048 14,262 3,831,325 Paycheck protection program 14,312 — — 14,312 276,341 — — 276,341 Loans to individuals 2,099,165 1,593,779 44,930 3,737,874 2,037,792 1,508,064 45,693 3,591,549 Total $ 6,366,303 $ 16,069,050 $ 121,797 $ 22,557,150 $ 6,603,265 $ 13,468,356 $ 134,059 $ 20,205,680 Foregone interest on nonaccrual loans $ 6,796 $ 14,102 | |
Rollforward of Allowance For Loan Losses And Accrual for Off-Balnace Sheet Credit Losses [Table Text Block] | The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the year ended December 31, 2022 is summarized as follows (in thousands): Commercial Commercial Real Estate Paycheck Loans to Nonspecific Allowance Total Allowance for loan losses: Beginning balance $ 162,056 $ 58,553 $ — $ 35,812 $ — $ 256,421 Provision for loan losses (12,782) (813) — 14,023 — 428 Loans charged off (22,382) (269) — (6,095) — (28,746) Recoveries of loans previously charged off 4,694 177 — 2,730 — 7,601 Ending balance $ 131,586 $ 57,648 $ — $ 46,470 $ — $ 235,704 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 13,812 $ 17,442 $ — $ 1,723 $ — $ 32,977 Provision for off-balance sheet credit risk 4,434 23,048 — 460 — 27,942 Ending balance $ 18,246 $ 40,490 $ — $ 2,183 $ — $ 60,919 A $30.0 million provision for credit losses was recorded for the year ended December 31, 2022, primarily due to strong growth in loans and loan commitments, partially offset by improvement in credit quality metrics. The uncertainty in our economic forecast increased resulting in an increase in the probability weighting of the downside scenario. In addition, some key economic factors were less favorable to growth across all scenarios. The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the year ended December 31, 2021 is summarized as follows (in thousands): Commercial Commercial Real Estate Paycheck Loans to Nonspecific Allowance Total Allowance for loan losses: Beginning balance $ 254,934 $ 86,558 $ — $ 47,148 $ — $ 388,640 Provision for loan losses (59,326) (26,522) — (9,354) — (95,202) Loans charged off (43,956) (2,485) — (4,910) — (51,351) Recoveries of loans previously charged off 10,404 1,002 — 2,928 — 14,334 Ending balance $ 162,056 $ 58,553 $ — $ 35,812 $ — $ 256,421 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 14,422 $ 20,571 $ — $ 1,928 $ — $ 36,921 Provision for off-balance sheet credit risk (610) (3,129) — (205) — (3,944) Ending balance $ 13,812 $ 17,442 $ — $ 1,723 $ — $ 32,977 The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit is for the year ended December 31, 2020 summarized as follows (in thousands): Commercial Commercial Real Estate Paycheck Protection Program Loans to Individuals Nonspecific Allowance Total Allowance for loan losses: Beginning balance $ 118,187 $ 51,805 $ — $ 23,572 $ 17,195 $ 210,759 Transition adjustment 33,681 (4,620) — 13,943 (17,195) 25,809 Beginning balance, adjusted 151,868 47,185 — 37,515 — 236,568 Provision for loan losses 171,800 40,407 — 10,253 — 222,460 Loans charged off (73,370) (1,300) — (4,729) — (79,399) Recoveries 4,636 266 — 4,109 — 9,011 Ending balance $ 254,934 $ 86,558 $ — $ 47,148 $ — $ 388,640 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance 1,434 107 — 44 — 1,585 Transition adjustment 10,144 11,660 — 1,748 — 23,552 Beginning balance, adjusted 11,578 11,767 — 1,792 — 25,137 Provision for off-balance sheet credit losses 2,844 8,804 — 136 — 11,784 Ending balance $ 14,422 $ 20,571 $ — $ 1,928 $ — $ 36,921 The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2022 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 14,137,890 $ 127,566 $ 60,297 $ 4,020 $ 14,198,187 $ 131,586 Commercial real estate 4,590,207 56,098 16,570 1,550 4,606,777 57,648 Paycheck protection program 14,312 — — — 14,312 — Loans to individuals 3,692,944 46,470 44,930 — 3,737,874 46,470 Total $ 22,435,353 $ 230,134 $ 121,797 $ 5,570 $ 22,557,150 $ 235,704 The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2021 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 12,432,361 $ 158,063 $ 74,104 $ 3,993 $ 12,506,465 $ 162,056 Commercial real estate 3,817,063 56,204 14,262 2,349 3,831,325 58,553 Paycheck protection program 276,341 — — — 276,341 — Loans to individuals 3,545,856 35,812 45,693 — 3,591,549 35,812 Total $ 20,071,621 $ 250,079 $ 134,059 $ 6,342 $ 20,205,680 $ 256,421 | |
Schedule of Credit Quality Indicators [Table Text Block] | Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Healthcare Pass $ 932,097 $ 604,886 $ 476,854 $ 404,204 $ 464,989 $ 618,163 $ 245,898 $ 20 $ 3,747,111 Special Mention — — — 20,071 — 18,859 4 — 38,934 Accruing Substandard — — — — — 14,304 3,634 — 17,938 Nonaccrual — — — 26,480 6,373 8,181 — — 41,034 Total healthcare 932,097 604,886 476,854 450,755 471,362 659,507 249,536 20 3,845,017 Energy Pass 157,745 76,951 30,284 12,783 5,992 4,980 3,104,906 — 3,393,641 Accruing Substandard — — — 664 385 683 28,018 — 29,750 Nonaccrual — — — — — 159 1,240 — 1,399 Total energy 157,745 76,951 30,284 13,447 6,377 5,822 3,134,164 — 3,424,790 Services Pass 821,785 496,510 286,085 193,481 156,736 696,300 722,371 639 3,373,907 Special Mention 502 5,139 989 771 894 1,345 8,668 — 18,308 Accruing Substandard — — — 2,459 43 2,789 17,665 122 23,078 Nonaccrual — 5,570 449 — — 2,389 7,820 — 16,228 Total services 822,287 507,219 287,523 196,711 157,673 702,823 756,524 761 3,431,521 General business Pass 725,894 358,383 187,418 172,878 139,140 283,694 1,570,536 2,329 3,440,272 Special Mention 17,759 13,065 208 71 7 2,291 7,094 26 40,521 Accruing Substandard — 2,169 66 4,130 4,680 3,287 94 4 14,430 Nonaccrual — — 1,052 14 72 5 485 8 1,636 Total general business 743,653 373,617 188,744 177,093 143,899 289,277 1,578,209 2,367 3,496,859 Total commercial 2,655,782 1,562,673 983,405 838,006 779,311 1,657,429 5,718,433 3,148 14,198,187 Commercial real estate: Pass 1,188,483 1,158,002 552,616 641,102 247,625 633,304 161,616 — 4,582,748 Accruing Substandard — — — 7,459 — — — — 7,459 Nonaccrual — — — — — 16,570 — — 16,570 Total commercial real estate 1,188,483 1,158,002 552,616 648,561 247,625 649,874 161,616 — 4,606,777 Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Paycheck protection program: Pass — 3,456 10,856 — — — — — 14,312 Total paycheck protection program — 3,456 10,856 — — — — — 14,312 Loans to individuals: Residential mortgage Pass 354,497 373,190 393,002 63,142 40,525 260,625 352,126 22,176 1,859,283 Special Mention — 81 42 — 142 388 527 87 1,267 Accruing Substandard — — 187 — — 138 117 1 443 Nonaccrual 32 1,656 2,717 362 1,904 20,139 2,216 765 29,791 Total residential mortgage 354,529 374,927 395,948 63,504 42,571 281,290 354,986 23,029 1,890,784 Residential mortgage guaranteed by U.S. government agencies Pass 289 2,254 9,000 10,722 17,244 191,426 — — 230,935 Nonaccrual — — 299 1,460 2,319 10,927 — — 15,005 Total residential mortgage guaranteed by U.S. government agencies 289 2,254 9,299 12,182 19,563 202,353 — — 245,940 Personal Pass 254,497 193,095 154,887 172,114 68,871 201,278 549,187 332 1,594,261 Special Mention 47 28 40 12 17 — 6,003 4 6,151 Accruing Substandard — 444 — 160 — — — — 604 Nonaccrual 38 7 12 22 14 18 23 — 134 Total personal 254,582 193,574 154,939 172,308 68,902 201,296 555,213 336 1,601,150 Total loans to individuals 609,400 570,755 560,186 247,994 131,036 684,939 910,199 23,365 3,737,874 Total loans $ 4,453,665 $ 3,294,886 $ 2,107,063 $ 1,734,561 $ 1,157,972 $ 2,992,242 $ 6,790,248 $ 26,513 $ 22,557,150 The following table summarizes the Company's loan portfolio at December 31, 2021 by the risk grade categories and vintage (in thousands): Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Healthcare Pass $ 563,800 $ 589,193 $ 516,558 $ 498,998 $ 319,096 $ 688,136 $ 160,154 $ 26 $ 3,335,961 Special Mention 6,835 — 15,583 — 11,135 — 5 — 33,558 Accruing Substandard — — 27,135 543 — 1,981 — — 29,659 Nonaccrual — — — 6,542 — 8,711 509 — 15,762 Total healthcare 570,635 589,193 559,276 506,083 330,231 698,828 160,668 26 3,414,940 Energy Pass 252,133 29,556 15,914 13,548 4,741 6,765 2,540,525 — 2,863,182 Special Mention 558 771 — — — — 750 — 2,079 Accruing Substandard 10,650 22,611 1,185 814 — 716 74,556 — 110,532 Nonaccrual — 20,487 — — — 714 9,890 — 31,091 Total energy 263,341 73,425 17,099 14,362 4,741 8,195 2,625,721 — 3,006,884 Services Pass 696,149 405,057 289,375 275,010 225,404 795,029 607,958 375 3,294,357 Special Mention 434 405 1,830 1,047 3,290 47 17,210 192 24,455 Accruing Substandard 43 530 4,166 10,714 1,785 2,366 11,607 — 31,211 Nonaccrual — — — 230 13,918 2,519 503 — 17,170 Total services 696,626 405,992 295,371 287,001 244,397 799,961 637,278 567 3,367,193 General business Pass 584,438 211,892 264,462 177,384 168,977 215,014 1,047,420 2,284 2,671,871 Special Mention 218 223 60 1,435 3,842 — 5,875 — 11,653 Accruing Substandard 265 1,066 1,634 7,697 8,336 3,024 1,821 — 23,843 Nonaccrual — 2,444 4,562 1,046 762 518 730 19 10,081 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 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: Pass 717,400 711,231 871,283 403,115 279,058 664,684 117,847 31 3,764,649 Special Mention — — — 6,660 10,898 9,244 — — 26,802 Accruing Substandard — — — 13,352 4,480 7,780 — — 25,612 Nonaccrual — — 8,076 — — 6,186 — — 14,262 Total commercial real estate 717,400 711,231 879,359 423,127 294,436 687,894 117,847 31 3,831,325 Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Paycheck protection program: Pass 237,357 38,984 — — — — — — 276,341 Total paycheck protection program 237,357 38,984 — — — — — — 276,341 Loans to individuals: Residential mortgage Pass 386,092 452,537 84,001 60,390 68,150 295,632 320,638 21,463 1,688,903 Special Mention — — 156 — 19 411 282 159 1,027 Accruing Substandard 98 — — — 127 41 400 — 666 Nonaccrual 1,516 1,809 383 1,968 629 22,289 2,177 803 31,574 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 Pass 699 11,380 20,650 27,970 32,742 246,871 — — 340,312 Nonaccrual — — 1,259 821 635 11,146 — — 13,861 Total residential mortgage guaranteed by U.S. government agencies 699 11,380 21,909 28,791 33,377 258,017 — — 354,173 Personal Pass 218,960 180,577 177,389 70,249 92,592 135,041 638,713 728 1,514,249 Special Mention — 9 34 3 — 47 — — 93 Accruing Substandard 435 5 165 — — 1 — — 606 Nonaccrual 110 14 10 24 35 40 25 — 258 Total personal 219,505 180,605 177,598 70,276 92,627 135,129 638,738 728 1,515,206 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 $ 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 | |
Financing Receivable, Nonaccrual [Table Text Block] | A summary of nonaccruing loans as of December 31, 2022 follows (in thousands): Total With No With Allowance Related Allowance Commercial: Healthcare $ 41,034 $ 34,661 $ 6,373 $ 946 Services 16,228 7,835 8,393 3,074 Energy 1,399 1,399 — — General business 1,636 1,636 — — Total commercial 60,297 45,531 14,766 4,020 Commercial real estate 16,570 393 16,177 1,550 Loans to individuals: Residential mortgage 29,791 29,791 — — Residential mortgage guaranteed by U.S. government agencies 15,005 15,005 — — Personal 134 134 — — Total loans to individuals 44,930 44,930 — — Total $ 121,797 $ 90,854 $ 30,943 $ 5,570 A summary of nonaccruing loans as of December 31, 2021 follows (in thousands): Total With No With Allowance Related Allowance Commercial: Energy $ 31,091 $ 31,091 $ — $ — Services 17,170 13,686 3,484 2,584 Healthcare 15,762 9,679 6,083 53 General business 10,081 7,690 2,391 1,357 Total commercial 74,104 62,146 11,958 3,994 Commercial real estate 14,262 6,186 8,076 2,349 Loans to individuals: Residential mortgage 31,574 31,574 — — Residential mortgage guaranteed by U.S. government agencies 13,861 13,861 — — Personal 258 258 — — Total loans to individuals 45,693 45,693 — — Total $ 134,059 $ 114,025 $ 20,034 $ 6,343 | |
Summary of Loans by Aging Status [Table Text Block] | A summary of loans currently performing and past due as of December 31, 2022 is as follows (in thousands): Past Due Current 30 to 59 60 to 89 90 Days Total Past Due 90 Days or More and Accruing Commercial: Healthcare $ 3,812,164 $ 5,914 $ 26,480 $ 459 $ 3,845,017 $ — Energy 3,424,766 24 — — 3,424,790 — Services 3,423,042 1,060 2,461 4,958 3,431,521 — General business 3,496,815 26 18 — 3,496,859 — Total commercial 14,156,787 7,024 28,959 5,417 14,198,187 — Commercial real estate 4,606,029 531 — 217 4,606,777 — Paycheck protection program 12,279 231 1,406 396 14,312 396 Loans to individuals: Permanent mortgage 1,872,155 10,632 1,828 6,169 1,890,784 114 Permanent mortgages guaranteed by U.S. government agencies 108,019 36,119 19,400 82,402 245,940 75,604 Personal 1,600,595 502 21 32 1,601,150 — Total loans to individuals 3,580,769 47,253 21,249 88,603 3,737,874 75,718 Total $ 22,355,864 $ 55,039 $ 51,614 $ 94,633 $ 22,557,150 $ 76,114 A summary of loans currently performing and past due as of December 31, 2021 is as follows (in thousands): Past Due Current 30 to 59 60 to 89 90 Days Total Past Due 90 Days or More and Accruing Commercial: Healthcare $ 3,412,072 $ 2,359 $ — $ 509 $ 3,414,940 $ — Services 3,352,639 920 4,620 9,014 3,367,193 — Energy 3,002,623 545 3,716 — 3,006,884 — General business 2,705,596 6,080 997 4,775 2,717,448 199 Total commercial 12,472,930 9,904 9,333 14,298 12,506,465 199 Commercial real estate 3,827,962 — 206 3,157 3,831,325 — Paycheck protection program 276,341 — — — 276,341 74 Loans to individuals: Permanent mortgage 1,707,654 6,263 1,556 6,697 1,722,170 — Permanent mortgages guaranteed by U.S. government agencies 181,022 26,869 16,751 129,531 354,173 118,819 Personal 1,514,938 66 24 178 1,515,206 40 Total loans to individuals 3,403,614 33,198 18,331 136,406 3,591,549 118,859 Total $ 19,980,847 $ 43,102 $ 27,870 $ 153,861 $ 20,205,680 $ 119,132 |
Premises and Equipment and Le_2
Premises and Equipment and Leases Premises and Equipment and Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment [Table Text Block] | Premises and equipment at December 31 are summarized as follows (in thousands): December 31, 2022 2021 Land $ 69,944 $ 69,776 Buildings and improvements 469,001 472,450 Software and related integration 198,057 159,063 Furniture and equipment 201,830 186,092 Construction in progress 35,736 36,917 Premises and equipment 974,568 924,298 Less: Accumulated depreciation 409,393 350,150 Premises and equipment, net of accumulated depreciation $ 565,175 $ 574,148 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | At December 31, 2022, undiscounted operating lease liabilities are scheduled to mature as follows (in thousands): 2023 $ 27,130 2024 26,894 2025 26,092 2026 25,306 2027 22,925 Thereafter 115,983 Total undiscounted lease payments 244,330 Less: Interest 32,278 Lease liabilities $ 212,052 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | The following table presents the original cost and accumulated amortization of intangible assets (in thousands): Dec. 31, 2022 2021 Core deposit premiums $ 103,200 $ 103,200 Less: Accumulated amortization 55,130 44,149 Net core deposit premiums 48,070 59,051 Other identifiable intangible assets 78,154 78,154 Less: Accumulated amortization 50,093 45,427 Net other identifiable intangible assets 28,061 32,727 Total intangible assets, net $ 76,131 $ 91,778 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Expected amortization expense for intangible assets that will continue to be amortized (in thousands): Core Other Total 2023 $ 10,145 $ 3,625 $ 13,770 2024 9,379 2,611 11,990 2025 8,675 2,201 10,876 2026 7,986 1,828 9,814 2027 6,956 1,597 8,553 Thereafter 4,929 16,199 21,128 $ 48,070 $ 28,061 $ 76,131 |
Schedule of Goodwill [Table Text Block] | The changes in the carrying value of goodwill by operating segment are as follows (in thousands): Commercial Banking Consumer Banking Wealth Funds Management and Other Total Balance, December 31, 2020 913,931 43,458 90,702 — 1,048,091 Sale of consolidated merchant banking investment during 2021 (3,342) — — — (3,342) Balance, December 31, 2021 910,589 43,458 90,702 — 1,044,749 Balance, December 31, 2022 $ 910,589 $ 43,458 $ 90,702 $ — $ 1,044,749 |
Mortgage Banking Activities (Ta
Mortgage Banking Activities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Mortgage Banking [Abstract] | |
Components of Residential Mortgage Loans Held For Sale [Table Text Block] | The unpaid principal balance of residential mortgage loans held for sale, notional amounts of derivative contracts related to residential mortgage loan commitments and forward contract sales and their related fair values included in Mortgage loans held for sale on the Consolidated Balance Sheets were (in thousands): December 31, 2022 December 31, 2021 Unpaid Principal Balance/ Fair Value Unpaid Principal Balance/ Fair Value Residential mortgage loans held for sale $ 74,941 $ 73,938 $ 182,710 $ 186,175 Residential mortgage loan commitments 45,492 1,054 171,412 6,167 Forward sales contracts 109,469 280 328,433 (47) $ 75,272 $ 192,295 No residential mortgage loans held for sale were 90 days or more past due or considered impaired as of December 31, 2022 or December 31, 2021. No credit losses were recognized on residential mortgage loans held for sale for the years ended December 31, 2022, 2021 and 2020. |
Mortgage Banking Revenue [Table Text Block] | Mortgage banking revenue was as follows (in thousands): Year Ended 2022 2021 2020 Production revenue: Net realized gains on sales of mortgage loans $ 7,416 $ 76,282 $ 107,847 Net change in unrealized gain on mortgage loans held for sale (4,468) (5,818) 6,697 Net change in the fair value of mortgage loan commitments (5,113) (14,268) 15,202 Net change in the fair value of forward sales contracts 327 4,516 (3,898) Total mortgage production revenue (1,838) 60,712 125,848 Servicing revenue 51,203 45,184 56,512 Total mortgage banking revenue $ 49,365 $ 105,896 $ 182,360 |
Summary of Mortgage Servicing Rights [Table Text Block] | The following represents a summary of mortgage servicing rights (dollars in thousands): December 31, 2022 2021 2020 Number of residential mortgage loans serviced for others 110,541 102,008 106,201 Outstanding principal balance of residential mortgage loans serviced for others $ 18,863,201 $ 16,442,446 $ 16,228,449 Weighted average interest rate 3.59 % 3.58 % 3.84 % Remaining contractual term (in months) 283 281 280 |
Activity in Capitalized Mortgage Servicing Rights [Table Text Block] | Activity in capitalized mortgage servicing rights during the three years ended December 31, 2022 is as follows (in thousands): Balance, December 31, 2019 $ 201,886 Additions 31,209 Disposals (10,801) Change in fair value due to loan runoff (41,598) Change in fair value due to market changes (79,524) Balance, December 31, 2020 101,172 Additions 31,132 Acquisitions 28,018 Change in fair value due to loan runoff (38,761) Change in fair value due to market changes 41,637 Balance, December 31, 2021 163,198 Additions 18,215 Acquisitions 47,675 Change in fair value due to loan runoff (31,741) Change in fair value due to market changes 80,261 Balance, December 31, 2022 $ 277,608 |
Assumptions to Value Mortgage Servicing Rights [Table Text Block] | Significant assumptions used to determine fair value considered to be significant unobservable inputs were as follows: December 31, 2022 2021 Discount rate – risk-free rate plus a market premium 9.51% 8.39% Prepayment rate - based upon loan interest rate, original term and loan type 7.54% 12.11% Loan servicing costs – annually per loan based upon loan type: Performing loans $69 - $94 $69 - $94 Delinquent loans $150 - $500 $150 - $500 Loans in foreclosure $875 - $8,000 $1,000 - $4,000 Primary/secondary mortgage rate spread 105 bps 105 bps Escrow earnings rate – indexed to rates paid on deposit accounts with a comparable average life 4.06% 1.32% Delinquency rate 2.33% 2.05% |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deposits [Abstract] | |
Interest Expense on Deposits Disclosure [Table Text Block] | Interest expense on deposits is summarized as follows (in thousands): Year Ended December 31, 2022 2021 2020 Transaction deposits $ 108,956 $ 21,961 $ 60,424 Savings 489 374 385 Time: Certificates of deposits under $100,000 2,545 2,961 6,741 Certificates of deposits $100,000 and over 6,729 4,719 18,270 Other time deposits 3,030 3,469 4,176 Total time 12,304 11,149 29,187 Total $ 121,749 $ 33,484 $ 89,996 |
Other Borrowed Funds Other Borr
Other Borrowed Funds Other Borrowed Funds (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Schedule of Other Borrowed Funds [Table Text Block] | Information relating to other borrowings is summarized as follows (dollars in thousands): As of Year Ended December 31, 2022 December 31, 2022 Balance Rate Average Balance Rate Maximum Funds purchased $ 99,843 0.05 % $ 266,344 1.12 % $ 444,069 Repurchase agreements 2,170,534 4.42 % 998,701 1.02 % 3,034,312 Other borrowings: Federal Home Loan Bank advances 4,700,000 4.48 % 1,593,699 2.37 % 4,700,000 GNMA repurchase liability 10,608 4.06 % 6,692 4.38 % 11,011 Other 26,300 3.20 % 28,581 3.12 % 30,382 Total other borrowings 4,736,908 1,628,972 2.41 % Subordinated debentures 1 131,205 6.34 % 131,206 4.95 % 131,230 Total other borrowed funds $ 7,138,490 $ 3,025,223 1.95 % As of Year Ended December 31, 2021 December 31, 2021 Balance Rate Average Balance Rate Maximum Funds purchased $ 199,513 0.05 % $ 543,183 0.46 % $ 542,465 Repurchase agreements 2,126,936 0.08 % 1,695,519 0.33 % 2,920,728 Other borrowings: Federal Home Loan Bank advances — — % 1,679,315 0.27 % 2,600,000 GNMA repurchase liability 7,420 4.36 % 11,956 4.06 % 23,856 Paycheck protection program liquidity facility — — % 879,145 0.35 % 1,662,598 Other 29,333 3.23 % 29,445 4.18 % 31,875 Total other borrowings 36,753 2,599,861 0.38 % Subordinated debentures 1 131,226 3.95 % 224,058 4.70 % 276,049 Total other borrowed funds $ 2,494,428 $ 5,062,621 0.56 % As of Year Ended December 31, 2020 December 31, 2020 Balance Rate Average Balance Rate Maximum Funds purchased $ 769,365 0.05 % $ 2,045,795 0.58 % $ 3,311,938 Repurchase agreements 893,021 0.09 % 1,589,746 0.24 % 3,230,097 Other borrowings: Federal Home Loan Bank advances 200,000 0.29 % 3,393,989 1.00 % 7,500,000 GNMA repurchase liability 19,500 4.35 % 42,771 4.18 % 126,569 Federal Reserve Bank advances — — % 42,464 0.26 % — Paycheck protection program liquidity facility 1,635,963 0.35 % 1,152,073 0.35 % 2,013,414 Other 27,507 5.24 % 28,156 5.12 % 49,376 Total other borrowings 1,882,970 4,659,453 0.88 % Subordinated debentures 1 276,005 4.72 % 275,965 5.05 % 276,005 Total other borrowed funds $ 3,821,361 $ 8,570,959 0.82 % |
Schedule of Maturities of Other Borrowed Funds [Table Text Block] | Aggregate annual principal repayments at December 31, 2022 are as follows (in thousands): 2023 $ 6,989,462 2024 3,839 2025 3,964 2026 4,094 2027 2,610 Thereafter 134,521 Total $ 7,138,490 |
Federal and State Income Taxes
Federal and State Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of deferred tax assets and liabilities are as follows (in thousands): December 31, 2022 2021 Deferred tax assets: Available for sale securities mark to market $ 255,244 $ — Credit loss reserves 69,385 67,339 Lease liability 49,839 48,457 Deferred compensation 34,645 33,945 Unearned fees 12,915 11,368 Purchased loan discount 4,955 7,498 Share-based compensation 4,625 5,989 Valuation adjustments 5,792 1,883 Other 42,808 28,958 Total deferred tax assets 480,208 205,437 Deferred tax liabilities: Right-of-use asset 40,741 41,291 Mortgage servicing rights 49,001 31,703 Available for sale securities mark to market — 21,841 Acquired identifiable intangible 11,280 14,307 Depreciation 7,163 10,939 Lease financing 12,333 11,120 Other 38,357 39,698 Total deferred tax liabilities 158,875 170,899 Net deferred tax assets (liabilities) $ 321,333 $ 34,538 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The significant components of the provision for income taxes attributable to continuing operations for BOK Financial are shown below (in thousands): Year Ended December 31, 2022 2021 2020 Current income tax expense: Federal $ 127,144 $ 121,196 $ 173,888 State 18,185 21,065 29,889 Total current income tax expense 145,329 142,261 203,777 Deferred income tax expense (benefit): Federal (4,700) 29,777 (65,989) State (765) 7,737 (8,995) Total deferred income tax expense (benefit) (5,465) 37,514 (74,984) Total income tax expense $ 139,864 $ 179,775 $ 128,793 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The reconciliations of income attributable to continuing operations at the U.S. federal statutory tax rate to income tax expense are as follows (in thousands): Year Ended December 31, 2022 2021 2020 Amount: Federal statutory tax $ 138,633 $ 167,181 $ 118,412 Tax exempt revenue (5,714) (6,084) (7,035) Effect of state income taxes, net of federal benefit 13,490 22,489 14,251 Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments (8,883) (8,801) (6,994) Other, net 2,338 4,990 10,159 Total income tax expense $ 139,864 $ 179,775 $ 128,793 Year Ended December 31, 2022 2021 2020 Percent of pretax income: Federal statutory tax 21.0 % 21.0 % 21.0 % Tax exempt revenue (0.8) (0.7) (1.2) Effect of state income taxes, net of federal benefit 2.0 2.8 2.5 Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments (1.4) (1.1) (1.2) Other, net 0.4 0.6 1.7 Total 21.2 % 22.6 % 22.8 % |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): 2022 2021 2020 Balance as of January 1 $ 21,092 $ 22,902 $ 20,465 Additions for tax for current year positions 3,465 3,961 6,384 Settlements during the period — (1,754) — Lapses of applicable statute of limitations (4,974) (4,017) (3,947) Balance as of December 31 $ 19,583 $ 21,092 $ 22,902 |
Share-Based Compensation Plans
Share-Based Compensation Plans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Schedule of Nonvested Share Activity [Table Text Block] | The following represents a summary of the non-vested shares for the three years ended December 31, 2022 (in thousands): Restricted Stock Restricted Stock Units Shares Weighted Units Weighted Non-vested at January 1, 2020 427,178 46,689 Granted 236,750 $ 83.49 22,980 $ 77.36 Vested (225,527) 83.50 — — Forfeited (18,167) 83.10 — — Non-vested at December 31, 2020 420,234 69,669 Granted 247,917 $ 73.01 17,570 $ 88.25 Vested (166,965) 94.96 — — Forfeited (11,632) 75.83 — — Non-vested at December 31, 2021 489,554 87,239 Granted 183,809 $ 108.23 25,416 $ 103.79 Vested (139,859) 76.80 (61,645) 91.38 Forfeited (40,620) 79.60 — Non-vested at December 31, 2022 492,884 51,010 |
Related Parties Related Parties
Related Parties Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | Activity in loans to related parties is summarized as follows (in thousands): Year Ended December 31, 2022 2021 Beginning balance $ 95,219 $ 92,940 Advances 731,664 588,252 Payments (770,808) (583,040) Adjustments 1 (1,596) (2,933) Ending balance $ 54,479 $ 95,219 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Table Text Block] | The following table presents the computation of basic and diluted earnings per share (dollars in thousands, except per share data): Year Ended 2022 2021 2020 Numerator: Net income attributable to BOK Financial Corp. shareholders $ 520,273 $ 618,121 $ 435,030 Less: Earnings allocated to participating securities 3,803 4,299 2,612 Numerator for basic earnings per share – income available to common shareholders 516,470 613,822 432,418 Effect of reallocating undistributed earnings of participating securities — — — Numerator for diluted earnings per share – income available to common shareholders $ 516,470 $ 613,822 $ 432,418 Denominator: Weighted average shares outstanding 67,706,014 69,071,511 70,259,553 Less: Participating securities included in weighted average shares outstanding 493,286 479,591 418,576 Denominator for basic earnings per common share 67,212,728 68,591,920 69,840,977 Dilutive effect of employee stock compensation plans 7 2,402 3,195 Denominator for diluted earnings per common share 67,212,735 68,594,322 69,844,172 Basic earnings per share $ 7.68 $ 8.95 $ 6.19 Diluted earnings per share $ 7.68 $ 8.95 $ 6.19 |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Stockholders' Equity Note [Abstract] | |
Summary of Regulatory Capital Levels [Table Text Block] | A summary of regulatory capital minimum requirements and levels follows (dollars in thousands): Minimum Capital Requirement Capital Conservation Buffer Minimum Capital Requirement Including Capital Conservation Buffer Well Capitalized Bank Requirement December 31, 2022 December 31, 2021 Common Equity Tier 1 Capital (to Risk Weighted Assets): Consolidated 4.50% 2.50% 7.00% N/A $ 4,460,054 11.69 % $ 4,230,626 12.24 % BOKF, NA 4.50% N/A 4.50% 6.50% 4,176,978 11.05 % 3,869,454 11.27 % Tier I Capital (to Risk Weighted Assets): Consolidated 6.00% 2.50% 8.50% N/A $ 4,464,763 11.71 % $ 4,235,265 12.25 % BOKF, NA 6.00% N/A 6.00% 8.00% 4,178,531 11.06 % 3,871,457 11.28 % Total Capital (to Risk Weighted Assets): Consolidated 8.00% 2.50% 10.50% N/A $ 4,830,826 12.67 % $ 4,594,787 13.29 % BOKF, NA 8.00% N/A 8.00% 10.00% 4,478,559 11.85 % 4,164,940 12.13 % Leverage (Tier I Capital to Average Assets): Consolidated 4.00% N/A 4.00% N/A $ 4,464,763 9.91 % $ 4,235,265 8.55 % BOKF, NA 4.00% N/A 4.00% 5.00% 4,178,531 9.31 % 3,871,457 7.84 % |
Accumulated Other Comprehensive Income (Loss) [Table Text Block] | A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands): Unrealized Gain (Loss) on Available for Sale Securities Investment Securities Transferred from AFS Employee Benefit Plans Total Balance, December 31, 2019 $ 104,996 $ — $ (73) $ 104,923 Net change in unrealized gain (loss) 312,576 — 1,220 313,796 Reclassification adjustments included in earnings: Gain on available for sale securities, net (9,910) — — (9,910) Other comprehensive income (loss), before income taxes 302,666 — 1,220 303,886 Federal and state income tax 72,630 — 311 72,941 Other comprehensive income (loss), net of income taxes 230,036 — 909 230,945 Balance, December 31, 2020 335,032 — 836 335,868 Net change in unrealized gain (loss) (343,730) — 2,361 (341,369) Reclassification adjustments included in earnings: Gain on available for sale securities, net (3,704) — — (3,704) Other comprehensive income (loss), before income taxes (347,434) — 2,361 (345,073) Federal and state income tax (82,177) — 601 (81,576) Other comprehensive income (loss), net of income taxes (265,257) — 1,760 (263,497) Balance, December 31, 2021 69,775 — 2,596 72,371 Net change in unrealized gain (loss) (1,227,414) — — (1,227,414) Transfer of net unrealized loss from AFS to investment securities 267,509 (267,509) — — Reclassification adjustments included in earnings: Interest revenue, Investment securities — 42,514 — 42,514 Operating expense, Personnel — — (3,483) (3,483) Loss on available for sale securities, net 971 — — 971 Other comprehensive income (loss), before income taxes (958,934) (224,995) (3,483) (1,187,412) Federal and state income tax (224,541) (52,658) (887) (278,086) Other comprehensive income (loss), net of income taxes (734,393) (172,337) (2,596) (909,326) Balance, December 31, 2022 $ (664,618) $ (172,337) $ — $ (836,955) |
Reportable Segments (Tables)
Reportable Segments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting [Abstract] | |
Reportable Segments [Table Text Block] | Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2022 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest and dividend revenue from external sources $ 818,213 $ 69,646 $ 155,974 $ 167,547 $ 1,211,380 Net interest revenue (expense) from internal sources (73,764) 88,603 5,623 (20,462) — Net interest and dividend revenue 744,449 158,249 161,597 147,085 1,211,380 Net loans charged off and provision for credit losses 17,726 5,260 (175) 7,189 30,000 Net interest and dividend revenue after provision for credit losses 726,723 152,989 161,772 139,896 1,181,380 Other operating revenue 241,594 121,819 339,501 (59,657) 643,257 Other operating expense 290,717 209,210 312,177 352,376 1,164,480 Net direct contribution 677,600 65,598 189,096 (272,137) 660,157 Gain (loss) on financial instruments, net 1 (93,346) 4 93,341 — Change in fair value of mortgage servicing rights — 80,261 — (80,261) — Gain (loss) on repossessed assets, net (1,903) 139 — 1,764 — Corporate expense allocations 67,337 44,965 50,241 (162,543) — Net income before taxes 608,361 7,687 138,859 (94,750) 660,157 Federal and state income taxes 148,000 1,798 32,686 (42,620) 139,864 Net income 460,361 5,889 106,173 (52,130) 520,293 Net income attributable to non-controlling interests — — — 20 20 Net income attributable to BOK Financial Corp. shareholders $ 460,361 $ 5,889 $ 106,173 $ (52,150) $ 520,273 Average assets $ 29,084,957 $ 10,230,437 $ 16,209,684 $ (8,500,442) $ 47,024,636 Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2021 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest and dividend revenue from external sources $ 606,902 $ 67,856 $ 214,458 $ 228,817 $ 1,118,033 Net interest revenue (expense) from internal sources (71,167) 35,671 (386) 35,882 — Net interest and dividend revenue 535,735 103,527 214,072 264,699 1,118,033 Net loans charged off and provision for credit losses 31,128 4,009 (223) (134,914) (100,000) Net interest and dividend revenue after provision for credit losses 504,607 99,518 214,295 399,613 1,218,033 Other operating revenue 262,402 173,341 298,962 21,070 755,775 Other operating expense 281,089 209,596 320,726 366,297 1,177,708 Net direct contribution 485,920 63,263 192,531 54,386 796,100 Gain (loss) on financial instruments, net 154 (21,871) — 21,717 — Change in fair value of mortgage servicing rights — 41,637 — (41,637) — Gain (loss) on repossessed assets, net 13,001 85 — (13,086) — Corporate expense allocations 49,941 46,010 40,341 (136,292) — Net income before taxes 449,134 37,104 152,190 157,672 796,100 Federal and state income taxes 120,618 9,461 38,944 10,752 179,775 Net income 328,516 27,643 113,246 146,920 616,325 Net loss attributable to non-controlling interests — — — (1,796) (1,796) Net income attributable to BOK Financial Corp. shareholders $ 328,516 $ 27,643 $ 113,246 $ 148,716 $ 618,121 Average assets $ 28,536,881 $ 10,029,687 $ 19,425,475 $ (7,840,340) $ 50,151,703 Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2020 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest and dividend revenue from external sources $ 714,932 $ 78,004 $ 130,818 $ 184,690 $ 1,108,444 Net interest revenue (expense) from internal sources (126,444) 69,000 (13,528) 70,972 — Net interest and dividend revenue 588,488 147,004 117,290 255,662 1,108,444 Net loans charged off and provision for credit losses 69,475 2,805 (209) 150,521 222,592 Net interest and dividend revenue after provision for credit losses 519,013 144,199 117,499 105,141 885,852 Other operating revenue 187,361 243,719 398,834 12,406 842,320 Other operating expense 258,903 230,402 326,016 348,987 1,164,308 Net direct contribution 447,471 157,516 190,317 (231,440) 563,864 Gain (loss) on financial instruments, net 193 95,344 4 (95,541) — Change in fair value of mortgage servicing rights — (79,524) — 79,524 — Gain (loss) on repossessed assets, net (2,677) 276 — 2,401 — Corporate expense allocations 24,862 42,155 35,359 (102,376) — Net income before taxes 420,125 131,457 154,962 (142,680) 563,864 Federal and state income taxes 114,120 33,483 39,660 (58,470) 128,793 Net income 306,005 97,974 115,302 (84,210) 435,071 Net income attributable to non-controlling interests — — — 41 41 Net income attributable to BOK Financial Corp. shareholders $ 306,005 $ 97,974 $ 115,302 $ (84,251) $ 435,030 Average assets $ 26,994,075 $ 9,842,114 $ 15,695,646 $ (3,827,445) $ 48,704,390 |
Fees and Commission Revenue Fee
Fees and Commission Revenue Fees and Commissions Revenue (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Fees and Commissions Revenue [Table Text Block] | Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2022 (in thousands): Commercial Consumer Wealth Management Funds Management and Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 20,332 $ — $ 20,332 $ 20,332 $ — Customer hedging revenue 34,676 — 1,053 9,987 45,716 45,716 — Retail brokerage revenue — — 16,403 — 16,403 — 16,403 Insurance brokerage revenue — — 12,879 — 12,879 — 12,879 Investment banking revenue 25,048 — 20,600 — 45,648 23,730 21,918 Brokerage and trading revenue 59,724 — 71,267 9,987 140,978 89,778 51,200 TransFund EFT network revenue 81,097 3,560 (73) 6 84,590 — 84,590 Merchant services revenue 12,397 37 — — 12,434 — 12,434 Corporate card revenue 6,440 — 410 392 7,242 — 7,242 Transaction card revenue 99,934 3,597 337 398 104,266 — 104,266 Personal trust revenue — — 99,075 — 99,075 — 99,075 Corporate trust revenue — — 23,775 — 23,775 — 23,775 Institutional trust & retirement plan services revenue — — 50,404 — 50,404 — 50,404 Investment management services and other — — 23,242 (170) 23,072 — 23,072 Fiduciary and asset management revenue — — 196,496 (170) 196,326 — 196,326 Commercial account service charge revenue 52,779 1,884 1,965 — 56,628 — 56,628 Overdraft fee revenue 115 25,229 77 5 25,426 — 25,426 Check card revenue — 23,312 — — 23,312 — 23,312 Automated service charge and other deposit fee revenue 556 4,612 102 — 5,270 — 5,270 Deposit service charges and fees 53,450 55,037 2,144 5 110,636 — 110,636 Mortgage production revenue — (1,838) — — (1,838) (1,838) — Mortgage servicing revenue — 53,236 — (2,033) 51,203 51,203 — Mortgage banking revenue — 51,398 — (2,033) 49,365 49,365 — Other revenue 20,765 11,894 69,294 (46,311) 55,642 25,844 29,798 Total fees and commissions revenue $ 233,873 $ 121,926 $ 339,538 $ (38,124) $ 657,213 $ 164,987 $ 492,226 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2021 (in thousands): Commercial Consumer Wealth Management Funds Management and Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 27,595 $ — $ 27,595 $ 27,595 $ — Customer hedging revenue 23,424 — 300 (3,292) 20,432 20,432 — Retail brokerage revenue — — 18,762 — 18,762 — 18,762 Insurance brokerage revenue — — 11,765 — 11,765 — 11,765 Investment banking revenue 19,129 — 16,742 (1,436) 34,435 16,272 18,163 Brokerage and trading revenue 42,553 — 75,164 (4,728) 112,989 64,299 48,690 TransFund EFT network revenue 76,603 3,591 (67) 6 80,133 — 80,133 Merchant services revenue 11,806 55 — — 11,861 — 11,861 Corporate card revenue 4,502 — 169 318 4,989 — 4,989 Transaction card revenue 92,911 3,646 102 324 96,983 — 96,983 Personal trust revenue — — 97,582 — 97,582 — 97,582 Corporate trust revenue — — 14,805 — 14,805 — 14,805 Institutional trust & retirement plan services revenue — — 50,765 — 50,765 — 50,765 Investment management services and other — — 15,300 (178) 15,122 — 15,122 Fiduciary and asset management revenue — — 178,452 (178) 178,274 — 178,274 Commercial account service charge revenue 50,213 1,821 2,326 — 54,360 — 54,360 Overdraft fee revenue 104 21,439 70 9 21,622 — 21,622 Check card revenue — 23,714 — — 23,714 — 23,714 Automated service charge and other deposit fee revenue 94 4,340 87 — 4,521 — 4,521 Deposit service charges and fees 50,411 51,314 2,483 9 104,217 — 104,217 Mortgage production revenue — 60,712 — — 60,712 60,712 — Mortgage servicing revenue — 47,055 — (1,871) 45,184 45,184 — Mortgage banking revenue — 107,767 — (1,871) 105,896 105,896 — Other revenue 41,206 10,637 42,564 (24,457) 69,950 54,349 15,601 Total fees and commissions revenue $ 227,081 $ 173,364 $ 298,765 $ (30,901) $ 668,309 $ 224,544 $ 443,765 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2020 (in thousands): Commercial Consumer Wealth Management Funds Management and Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 144,299 $ — $ 144,299 $ 144,299 $ — Customer hedging revenue 22,767 — 395 (413) 22,749 22,749 — Retail brokerage revenue — — 15,690 — 15,690 — 15,690 Insurance brokerage revenue — — 12,702 — 12,702 — 12,702 Investment banking revenue 9,183 — 17,391 (181) 26,393 8,530 17,863 Brokerage and trading revenue 31,950 — 190,477 (594) 221,833 175,578 46,255 TransFund EFT network revenue 75,363 3,058 (56) 5 78,370 — 78,370 Merchant services revenue 9,172 60 — — 9,232 — 9,232 Corporate card revenue 2,362 — 75 143 2,580 — 2,580 Transaction card revenue 86,897 3,118 19 148 90,182 — 90,182 Personal trust revenue — — 84,759 — 84,759 — 84,759 Corporate trust revenue — — 19,308 — 19,308 — 19,308 Institutional trust & retirement plan services revenue — — 46,253 — 46,253 — 46,253 Investment management services and other — — 17,290 (165) 17,125 — 17,125 Fiduciary and asset management revenue — — 167,610 (165) 167,445 — 167,445 Commercial account service charge revenue 44,489 1,654 2,282 (4) 48,421 — 48,421 Overdraft fee revenue 132 21,679 74 7 21,892 — 21,892 Check card revenue — 21,355 — — 21,355 — 21,355 Automated service charge and other deposit fee revenue 311 4,749 74 3 5,137 — 5,137 Deposit service charges and fees 44,932 49,437 2,430 6 96,805 — 96,805 Mortgage production revenue — 125,848 — — 125,848 125,848 — Mortgage servicing revenue — 58,249 — (1,737) 56,512 56,512 — Mortgage banking revenue — 184,097 — (1,737) 182,360 182,360 — Other revenue 23,340 8,902 38,693 (19,240) 51,695 39,092 12,603 Total fees and commissions revenue $ 187,119 $ 245,554 $ 399,229 $ (21,582) $ 810,320 $ 397,030 $ 413,290 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block] | The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of December 31, 2022 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 9,823 $ 4,970 $ 4,853 $ — Residential agency mortgage-backed securities 4,406,848 — 4,406,848 — Municipal securities 21,484 — 21,484 — Other trading securities 26,006 — 26,006 — Total trading securities 4,464,161 4,970 4,459,191 — Available for sale securities: U.S. Treasury 898 898 — — Municipal securities 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 — 4,475,917 — Other debt securities 473 — — 473 Total available for sale securities 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 — 296,590 — Residential mortgage loans held for sale 1 75,272 — 68,054 7,218 Mortgage servicing rights, net 2 277,608 — — 277,608 Derivative contracts, net of cash margin 3 880,343 2,110 878,233 — Liabilities: Derivative contracts, net of cash margin 3 554,900 16 554,884 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.55% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes. The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of December 31, 2021 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments Significant Other Observable Inputs Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 23,610 $ 4,999 $ 18,611 $ — Residential agency mortgage-backed securities 9,068,900 — 9,068,900 — Municipal securities 25,783 — 25,783 — Other trading securities 18,520 — 18,520 — Total trading securities 9,136,813 4,999 9,131,814 — Available for sale securities: U.S. Treasury 1,000 1,000 — — Municipal securities 508,365 — 508,365 — Residential agency mortgage-backed securities 8,006,616 — 8,006,616 — Residential non-agency mortgage-backed securities 24,339 — 24,339 — Commercial agency mortgage-backed securities 4,617,025 — 4,617,025 — Other debt securities 472 — — 472 Total available for sale securities 13,157,817 1,000 13,156,345 472 Fair value option securities — Residential agency mortgage-backed securities 43,770 — 43,770 — Residential mortgage loans held for sale 1 192,295 — 185,969 6,326 Mortgage servicing rights, net 2 163,198 — — 163,198 Derivative contracts, net of cash margin 3 1,097,297 8,331 1,088,966 — Liabilities: Derivative contracts, net of cash margin 3 275,625 — 275,625 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 95.07% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded interest rate derivative contracts, net of cash margin. Derivative contracts in liability positions that were valued using quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contracts, fully offset by cash margin. |
Fair Value Assets Measured on Nonrecurring Basis [Table Text Block] | The following represents the carrying value of assets measured at fair value on a non-recurring basis and related losses recorded during the year. The carrying value represents only those assets with the balance sheet date for which the fair value was adjusted during the year: Carrying Value at December 31, 2022 Fair Value Adjustments for the Year Ended December 31, 2022 Recognized In: Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ 57 $ 4,998 $ 16,399 $ — Real estate and other repossessed assets — 3,873 1,699 — (6,437) Carrying Value at December 31, 2021 Fair Value Adjustments for the Year Ended December 31, 2021 Recognized In: Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ 808 $ 1,990 $ 2,087 $ — Real estate and other repossessed assets — 1,706 — — (150) |
Fair Value Inputs, Fair Value Measured On a Nonrecurring Basis, Quantitative Information [Table Text Block] | A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2022 follows (in thousands): Quantitative Information about Level 3 Non-recurring Fair Value Measurements Fair Value Valuation Technique(s) Significant Unobservable Input Range Nonaccruing loans $ 4,998 Discounted cash flows Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil & gas reserves, forward looking commodity prices, and estimated operating costs 9% - 24% (23%) 1 Real estate and other repossessed assets 1,699 Discounted cash flows Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil & gas reserves, forward looking commodity prices, and estimated operating costs N/A 1 Represents fair value as a percentage of the unpaid principal balance. A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2021 follows (in thousands): Quantitative Information about Level 3 Non-recurring Fair Value Measurements Fair Value Valuation Technique(s) Significant Unobservable Input Range Nonaccruing loans $ 1,990 Discounted cash flows Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil & gas reserves, forward looking commodity prices, and estimated operating costs 16% - 97% (37%) 1 1 Represents fair value as a percentage of the unpaid principal balance. |
Fair Value of Financial Instruments [Table Text Block] | The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or are measured at fair value on a non-recurring basis (dollars in thousands): December 31, 2022 Carrying 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 $ 943,810 $ 943,810 $ 943,810 $ — $ — Interest-bearing cash and cash equivalents 457,906 457,906 457,906 — — Trading securities: U.S. government securities 9,823 9,823 4,970 4,853 — Residential agency mortgage-backed securities 4,406,848 4,406,848 — 4,406,848 — Municipal securities 21,484 21,484 — 21,484 — Other trading securities 26,006 26,006 — 26,006 — Total trading securities 4,464,161 4,464,161 4,970 4,459,191 — Investment securities: Municipal securities 170,629 176,621 — 38,106 138,515 Residential agency mortgage-backed securities 2,315,219 2,143,360 — 2,143,360 — Commercial agency mortgage-backed securities 15,609 14,588 — 14,588 — Other debt securities 12,788 12,199 — 12,199 — Total investment securities 2,514,245 2,346,768 — 2,208,253 138,515 Allowance for credit losses (558) — — — — Investment securities, net of allowance 2,513,687 2,346,768 — 2,208,253 138,515 Available for sale securities: U.S. Treasury 898 898 898 — — Municipal securities 624,500 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 4,475,917 — 4,475,917 — Other debt securities 473 473 — — 473 Total available for sale securities 11,493,860 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 296,590 — 296,590 — Residential mortgage loans held for sale 75,272 75,272 — 68,054 7,218 Loans: Commercial 14,198,187 13,891,453 — — 13,891,453 Commercial real estate 4,606,777 4,454,048 — — 4,454,048 Paycheck protection program 14,312 14,312 — — 14,312 Loans to individuals 3,737,874 3,531,410 — — 3,531,410 Total loans 22,557,150 21,891,223 — — 21,891,223 Allowance for loan losses (235,704) — — — — Loans, net of allowance 22,321,446 21,891,223 — — 21,891,223 Mortgage servicing rights 277,608 277,608 — — 277,608 Derivative instruments with positive fair value, net of cash margin 880,343 880,343 2,110 878,233 — Deposits with no stated maturity 33,018,863 33,018,863 — — 33,018,863 Time deposits 1,461,842 1,431,245 — — 1,431,245 Other borrowed funds 7,007,285 7,005,305 — — 7,005,305 Subordinated debentures 131,205 121,497 — 121,497 — Derivative instruments with negative fair value, net of cash margin 554,900 554,900 16 554,884 — December 31, 2021 Carrying 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 $ 712,067 $ 712,067 $ 712,067 $ — $ — Interest-bearing cash and cash equivalents 2,125,343 2,125,343 2,125,343 — — Trading securities: U.S. government securities 23,610 23,610 4,999 18,611 — Residential agency mortgage-backed securities 9,068,900 9,068,900 — 9,068,900 — Municipal securities 25,783 25,783 — 25,783 — Other trading securities 18,520 18,520 — 18,520 — Total trading securities 9,136,813 9,136,813 4,999 9,131,814 — Investment securities: Municipal securities 203,772 223,609 — 57,698 165,911 Residential agency mortgage-backed securities 6,939 7,500 — 7,500 — Other debt securities 288 286 — 286 — Total investment securities 210,999 231,395 — 65,484 165,911 Allowance for credit losses (555) — — — — Investment securities, net of allowance 210,444 231,395 — 65,484 165,911 Available for sale securities: U.S. Treasury securities 1,000 1,000 1,000 — — Municipal securities 508,365 508,365 — 508,365 — Residential agency mortgage-backed securities 8,006,616 8,006,616 — 8,006,616 — Residential non-agency mortgage-backed securities 24,339 24,339 — 24,339 — Commercial agency mortgage-backed securities 4,617,025 4,617,025 — 4,617,025 — Other debt securities 472 472 — — 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 43,770 43,770 — 43,770 — Residential mortgage loans held for sale 192,295 192,295 — 185,969 6,326 Loans: Commercial 12,506,465 12,395,664 — — 12,395,664 Commercial real estate 3,831,325 3,786,767 — — 3,786,767 Paycheck protection program 276,341 269,912 — — 269,912 Loans to individuals 3,591,549 3,586,878 — — 3,586,878 Total loans 20,205,680 20,039,221 — — 20,039,221 Allowance for loan losses (256,421) — — — — Loans, net of allowance 19,949,259 20,039,221 — — 20,039,221 Mortgage servicing rights 163,198 163,198 — — 163,198 Derivative instruments with positive fair value, net of cash margin 1,097,297 1,097,297 8,331 1,088,966 — Deposits with no stated maturity 39,537,731 39,537,731 — — 39,537,731 Time deposits 1,704,328 1,703,886 — — 1,703,886 Other borrowed funds 2,363,202 2,360,746 — — 2,360,746 Subordinated debentures 131,226 141,761 — 141,761 — Derivative instruments with negative fair value, net of cash margin 275,625 275,625 — 275,625 — |
Parent Company Only Financial_2
Parent Company Only Financial Statements Parent Company Only Financial Statements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Balance Sheet [Table Text Block] | Balance Sheets (In thousands) December 31, 2022 2021 Assets Cash and cash equivalents $ 165,395 $ 230,647 Loan to bank subsidiary 65,169 65,187 Investment in bank subsidiary 4,351,280 4,951,405 Investment in non-bank subsidiaries 217,011 228,447 Other assets 18,302 22,011 Total assets $ 4,817,157 $ 5,497,697 Liabilities and Shareholders’ Equity Liabilities: Other liabilities $ 3,303 $ 2,739 Subordinated debentures 131,205 131,226 Total liabilities 134,508 133,965 Shareholders’ equity: Common stock 5 5 Capital surplus 1,390,395 1,378,794 Retained earnings 4,824,164 4,447,691 Treasury stock (694,960) (535,129) Accumulated other comprehensive income (loss) (836,955) 72,371 Total shareholders’ equity 4,682,649 5,363,732 Total liabilities and shareholders’ equity $ 4,817,157 $ 5,497,697 |
Condensed Income Statement [Table Text Block] | Statements of Earnings (In thousands) Year Ended December 31, 2022 2021 2020 Dividends, interest and fees received from bank subsidiary $ 228,689 $ 483,868 $ 179,140 Dividends, interest and fees received from non-bank subsidiaries 43,281 8,030 25,050 Other revenue 1,172 767 907 Total revenue 273,142 492,665 205,097 Interest expense 6,490 10,535 13,944 Other operating expense 3,005 2,914 2,697 Total expense 9,495 13,449 16,641 Net income before taxes, other losses, net, and equity in undistributed income of subsidiaries 263,647 479,216 188,456 Other gains (losses), net (4,279) (3,415) 1,465 Net income before taxes and equity in undistributed income of subsidiaries 259,368 475,801 189,921 Federal and state income taxes (1,776) (4,202) (4,502) Net income before equity in undistributed income of subsidiaries 261,144 480,003 194,423 Equity in undistributed income of bank subsidiaries 300,330 126,380 276,217 Equity in undistributed income of non-bank subsidiaries (41,201) 11,738 (35,610) Net income attributable to BOK Financial Corp. shareholders $ 520,273 $ 618,121 $ 435,030 |
Condensed Cash Flow Statement [Table Text Block] | Statements of Cash Flows (In thousands) Year Ended December 31, 2022 2021 2020 Cash Flows From Operating Activities: Net income $ 520,273 $ 618,121 $ 435,030 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of bank subsidiaries (300,330) (126,380) (276,217) Equity in undistributed income of non-bank subsidiaries 41,201 (11,738) 35,610 Other losses (gains), net 4,279 3,415 (1,465) Change in other assets 1,317 1,160 15,225 Change in other liabilities 543 389 850 Net cash provided by operating activities 267,283 484,967 209,033 Cash Flows From Investing Activities: Investment in subsidiaries (31,552) (25,665) (14,807) Dissolution of subsidiaries 2,611 4,457 — Net cash used in investing activities (28,941) (21,208) (14,807) Cash Flows From Financing Activities: Repayment of subordinated debentures — (150,000) — Issuance of common and treasury stock, net (4,907) (4,874) (4,933) Dividends paid (143,800) (144,105) (144,437) Repurchase of common stock (154,887) (117,938) (75,830) Net cash used in financing activities (303,594) (416,917) (225,200) Net increase (decrease) in cash and cash equivalents (65,252) 46,842 (30,974) Cash and cash equivalents at beginning of period 230,647 183,805 214,779 Cash and cash equivalents at end of period $ 165,395 $ 230,647 $ 183,805 Cash paid for interest $ 6,203 $ 10,559 $ 14,064 |
Significant Accounting Polici_3
Significant Accounting Policies Goodwill and Intangible Assets (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Minimum [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Finite-Lived Intangible Asset, Useful Life | 3 years |
Maximum [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Finite-Lived Intangible Asset, Useful Life | 20 years |
Significant Accounting Polici_4
Significant Accounting Policies Cash Equivalents (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Cash and Cash Equivalents [Abstract] | |
Maturity of Federal Funds Sold Considered Cash Equivalents | 1 day |
Maturity of Resell Agreement Considered Cash Equivalents, Minimum | 1 day |
Maturity of Resell Agreements Considered Cash Equivalents, Maximum | 30 days |
Significant Accounting Polici_5
Significant Accounting Policies Loans (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Loans [Abstract] | |
Loans, Number of Days Past Due for a Non-Risk Graded Loan to be Placed on Nonaccruing Status | 90 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Placed on Nonaccruing Status | 60 days |
Loans, Minimum Number of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | 60 days |
Loans, Maximum Number of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | 180 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Charged Off | 60 days |
Significant Accounting Polici_6
Significant Accounting Policies Premises and Equipment (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Buildings and improvements | Minimum [Member] | |
Premises and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 5 years |
Buildings and improvements | Maximum [Member] | |
Premises and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 40 years |
Software and Software Development Costs [Member] | Minimum [Member] | |
Premises and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 3 years |
Software and Software Development Costs [Member] | Maximum [Member] | |
Premises and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 10 years |
Furniture and equipment | Minimum [Member] | |
Premises and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 3 years |
Furniture and equipment | Maximum [Member] | |
Premises and Equipment [Line Items] | |
Property, Plant and Equipment, Useful Life | 10 years |
Significant Accounting Polici_7
Significant Accounting Policies Share-Based Compensation (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Stock Options [Member] | |
Share-based Compensation Arrangements by Share-based Payment Award [Line Items] | |
Vesting period (in years) | 7 years |
Restricted Stock [Member] | |
Share-based Compensation Arrangements by Share-based Payment Award [Line Items] | |
Vesting period (in years) | 3 years |
Share-based Compensation Arrangement by Share-based Payment Award, Award Required Holding Period | 2 years |
Trading Securities (Details)
Trading Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule of Trading Securities [Line Items] | ||
Trading securities | $ 4,464,161 | $ 9,136,813 |
Trading Securities, Net Unrealized Gain (Loss) | (323) | (9,290) |
U.S. government securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 9,823 | 23,610 |
Trading Securities, Net Unrealized Gain (Loss) | (16) | 40 |
Residential agency mortgage-backed securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 4,406,848 | 9,068,900 |
Trading Securities, Net Unrealized Gain (Loss) | 4 | (9,338) |
Municipal securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 21,484 | 25,783 |
Trading Securities, Net Unrealized Gain (Loss) | (136) | 34 |
Other debt securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 26,006 | 18,520 |
Trading Securities, Net Unrealized Gain (Loss) | $ (175) | $ (26) |
Investment (Held-to-Maturity) S
Investment (Held-to-Maturity) Securities (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | ||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||
Debt Securities, Held-to-maturity, gross | $ 2,739,241 | $ 210,999 | |
Debt Securities, Held-to-Maturity, carrying value | 2,514,245 | 210,999 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 558 | 555 | |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 2,738,683 | 210,444 | |
Debt Securities, Held-to-Maturity, Carrying Value, after Allowance for Credit Loss | 2,513,687 | 210,444 | |
Investment Securities, fair value | 2,346,768 | 231,395 | |
Investment Securities, Gross Unrealized Gain | 6,611 | 20,412 | |
Investment Securities, Gross Unrealized Loss | (174,088) | $ (16) | |
Debt Securities, Net Unrealized Loss Remaining in AOCI included in Carrying Value for AFS Securities Transferred to Investment Securities | $ (225,000) | ||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 143 | 3 | |
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,184,167 | $ 273 | |
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 801 | 587 | |
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 2,184,968 | 860 | |
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | 174,012 | 2 | |
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | 76 | 14 | |
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 174,088 | 16 | |
Fixed maturity securities [Member] | |||
Investment Securities, Debt Maturities, Net, Amortized Cost [Abstract] | |||
Investment Securities, Debt Maturities, Less than One Year, Net Carrying Value | 23,329 | ||
Investment Securities, Debt Maturities, One to Five Years, Net Carrying Value | 103,089 | ||
Investment Securities, Debt Maturities, Six to Ten Years, Net Carrying Value | 67,660 | ||
Investment Securities, Debt Maturities, Over Ten Years, Net Carrying Value | 4,948 | ||
Investment Securities, Debt Maturities, Single Maturity Date, Carrying Value | 199,026 | ||
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | |||
Investment Securities, Debt Maturities, Less than One Year, Fair Value | 23,440 | ||
Investment Securities, Debt Maturities, One to Five Years, Fair Value | 109,073 | ||
Investment Securities, Debt Maturities, Six to Ten Years, Fair Value | 65,947 | ||
Investment Securities, Debt Maturities, Over Ten Years, Fair Value | 4,948 | ||
Investment Securities, Debt Maturities, Single Maturity Date, Fair value | $ 203,408 | ||
Investment Securities, Debt Maturities, Weighted Average Maturity | [1] | 4.33 | |
Municipal securities [Member] | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||
Debt Securities, Held-to-maturity, gross | $ 170,629 | 203,772 | |
Debt Securities, Held-to-Maturity, carrying value | 170,629 | 203,772 | |
Investment Securities, fair value | 176,621 | 223,609 | |
Investment Securities, Gross Unrealized Gain | 6,456 | 19,851 | |
Investment Securities, Gross Unrealized Loss | $ (464) | $ (14) | |
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 22 | 1 | |
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 18,037 | $ 0 | |
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 544 | 587 | |
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 18,581 | 587 | |
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | 406 | 0 | |
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | 58 | 14 | |
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 464 | 14 | |
Residential agency mortgage-backed securities [Member] | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||
Debt Securities, Held-to-maturity, gross | 2,538,565 | 6,939 | |
Debt Securities, Held-to-Maturity, carrying value | 2,315,219 | 6,939 | |
Investment Securities, fair value | 2,143,360 | 7,500 | |
Investment Securities, Gross Unrealized Gain | 155 | 561 | |
Investment Securities, Gross Unrealized Loss | (172,014) | 0 | |
Investment Securities, Debt Maturities, Net, Amortized Cost [Abstract] | |||
Investment Securities, Debt Maturities, without Single Maturity Date, Net Carrying value | [2] | 2,315,219 | |
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | |||
Investment Securities, Debt Maturities, without Single Maturity Date, Fair value | $ 2,143,360 | ||
Investment Securities, Debt Maturities, Average Expected Life of Mortgage-backed Securities | 5 years 4 months 24 days | ||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 116 | ||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,142,114 | ||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | ||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 2,142,114 | ||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | 172,014 | ||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | 0 | ||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 172,014 | ||
Commercial agency mortgage-backed securities [Member] | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||
Debt Securities, Held-to-maturity, gross | 17,259 | ||
Debt Securities, Held-to-Maturity, carrying value | 15,609 | ||
Investment Securities, fair value | 14,588 | ||
Investment Securities, Gross Unrealized Gain | 0 | ||
Investment Securities, Gross Unrealized Loss | $ (1,021) | ||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 2 | ||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 14,588 | ||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | ||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 14,588 | ||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | 1,021 | ||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | 0 | ||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 1,021 | ||
Other debt securities [Member] | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||
Debt Securities, Held-to-maturity, gross | 12,788 | 288 | |
Debt Securities, Held-to-Maturity, carrying value | 12,788 | 288 | |
Investment Securities, fair value | 12,199 | 286 | |
Investment Securities, Gross Unrealized Gain | 0 | 0 | |
Investment Securities, Gross Unrealized Loss | $ (589) | $ (2) | |
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 3 | 2 | |
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 9,428 | $ 273 | |
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 257 | 0 | |
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 9,685 | 273 | |
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | 571 | 2 | |
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | 18 | 0 | |
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 589 | $ 2 | |
[1]Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty.[2]The average expected lives of residential mortgage-backed securities were 5.4 years based upon current prepayment assumptions. |
Available for Sale Securities (
Available for Sale Securities (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | ||
Available for Sale Securities [Line Items] | ||||
Available for sale securities, Amortized Cost | $ 12,359,413 | $ 13,064,436 | ||
Available for sale securities | 11,493,860 | 13,157,817 | ||
Available for sale securities, Gross Unrealized Gain | 28,661 | 207,361 | ||
Available for sale securities, Gross Unrealized Loss | (894,214) | (113,980) | ||
Available for Sale Securities, Realized Gain (Loss) [Abstract] | ||||
Proceeds from sales of available for sale securities | 307,481 | 622,881 | $ 384,507 | |
Available for sale securities, Gross realized gains | 5,054 | 5,702 | 9,976 | |
Available for sale securities, Gross realized losses | (6,025) | (1,998) | (66) | |
Available for sale securities, Related federal and state income tax expense | (227) | 889 | $ 2,524 | |
Asset Pledged as Collateral with Right | ||||
Available for Sale Securities, Realized Gain (Loss) [Abstract] | ||||
Pledged Securities | 11,200,000 | 10,200,000 | ||
Fixed maturity securities [Member] | ||||
Available for Sale Securities, Debt Maturities, Amortized Cost, Rolling Maturity [Abstract] | ||||
Available for sale securities, Debt Maturities, Less than One Year, Amortized Cost | 121,279 | |||
Available for sale securities, Debt Maturities, One to Five Years, Amortized Cost | 2,529,961 | |||
Available for sale securities, Debt Maturities, Six to Ten Years, Amortized Cost | 2,396,317 | |||
Available for sale securities, Debt Maturities, Over Ten Years, Amortized Cost | 534,075 | |||
Available for sale securities, Maturity, Allocated and Single Maturity Date, Amortized Cost | 5,581,632 | |||
Available for Sale Securities, Maturity, Fair Value, Rolling Maturity [Abstract] | ||||
Available for sale securities, Debt Maturities, Less Than One Year, Fair Value | 118,907 | |||
Available for sale securities, Debt Maturities, One to Five Years, Fair Value | 2,358,353 | |||
Available for sale securities, Debt Maturities, Six to Ten Years, Fair Value | 2,126,561 | |||
Available for sale securities, Debt Maturities, Over Ten Years, Fair Value | 497,967 | |||
Available for sale securities, Debt Maturities, Single Maturity Date, Fair value | $ 5,101,788 | |||
Available for sale securities, Debt Maturities, Weighted Average Maturity | [1] | 6.11 | ||
U.S. Treasury [Member] | ||||
Available for Sale Securities [Line Items] | ||||
Available for sale securities, Amortized Cost | $ 1,000 | 1,001 | ||
Available for sale securities | 898 | 1,000 | ||
Available for sale securities, Gross Unrealized Gain | 0 | 0 | ||
Available for sale securities, Gross Unrealized Loss | (102) | (1) | ||
Municipal securities [Member] | ||||
Available for Sale Securities [Line Items] | ||||
Available for sale securities, Amortized Cost | 687,875 | 515,551 | ||
Available for sale securities | 624,500 | 508,365 | ||
Available for sale securities, Gross Unrealized Gain | 321 | 1,302 | ||
Available for sale securities, Gross Unrealized Loss | (63,696) | (8,488) | ||
Commercial agency mortgage-backed securities [Member] | ||||
Available for Sale Securities [Line Items] | ||||
Available for sale securities, Amortized Cost | 4,892,257 | 4,628,172 | ||
Available for sale securities | 4,475,917 | 4,617,025 | ||
Available for sale securities, Gross Unrealized Gain | 3,479 | 36,868 | ||
Available for sale securities, Gross Unrealized Loss | (419,819) | (48,015) | ||
Other debt securities [Member] | ||||
Available for Sale Securities [Line Items] | ||||
Available for sale securities, Amortized Cost | 500 | 500 | ||
Available for sale securities | 473 | 472 | ||
Available for sale securities, Gross Unrealized Gain | 0 | 0 | ||
Available for sale securities, Gross Unrealized Loss | (27) | (28) | ||
Residential Mortgage Backed Securities [Member] | ||||
Available for Sale Securities, Debt Maturities, Amortized Cost, Rolling Maturity [Abstract] | ||||
Available for sale securities, Maturity, without Single Maturity Date, Amortized Cost | [2] | 6,777,781 | ||
Available for Sale Securities, Maturity, Fair Value, Rolling Maturity [Abstract] | ||||
Available for sale securities, Debt Maturities, without Single Maturity Date, Fair value | $ 6,392,072 | |||
Available for sale securities, Debt Maturities, Average Expected Life of Mortgage-backed Securities | 4 years 4 months 24 days | |||
Residential agency mortgage-backed securities [Member] | ||||
Available for Sale Securities [Line Items] | ||||
Available for sale securities, Amortized Cost | $ 6,161,358 | 7,908,587 | ||
Available for sale securities | 5,814,496 | 8,006,616 | ||
Available for sale securities, Gross Unrealized Gain | 13,085 | 155,477 | ||
Available for sale securities, Gross Unrealized Loss | (359,947) | (57,448) | ||
Residential non-agency mortgage-backed securities [Member] | ||||
Available for Sale Securities [Line Items] | ||||
Available for sale securities, Amortized Cost | 616,423 | 10,625 | ||
Available for sale securities | 577,576 | 24,339 | ||
Available for sale securities, Gross Unrealized Gain | 11,776 | 13,714 | ||
Available for sale securities, Gross Unrealized Loss | $ (50,623) | $ 0 | ||
[1]Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty.[2]The average expected lives of residential mortgage-backed securities were 4.4 years based upon current prepayment assumptions. |
Securities Available for sale,
Securities Available for sale, Unrealized Loss Position, Fair Value (Details) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Available for sale, Unrealized Loss Position [Line Items] | ||
Available for sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1,153 | 462 |
Available for sale, Securities in Unrealized Loss Position, Less than 12 Months [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | $ 6,173,710 | $ 4,911,358 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 3,829,168 | 1,476,208 |
Available for sale securities, Unrealized Loss Position, Fair Value | 10,002,878 | 6,387,566 |
Available for sale securities, Securities in Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 376,598 | 80,372 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 517,616 | 33,608 |
Available for sale securities, Unrealized Loss Position, Accumulated Loss | 894,214 | $ 113,980 |
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 0 | |
U.S. Treasury [Member] | ||
Available for sale, Unrealized Loss Position [Line Items] | ||
Available for sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Available for sale, Securities in Unrealized Loss Position, Less than 12 Months [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | $ 0 | $ 1,000 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 899 | 0 |
Available for sale securities, Unrealized Loss Position, Fair Value | 899 | 1,000 |
Available for sale securities, Securities in Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 1 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 102 | 0 |
Available for sale securities, Unrealized Loss Position, Accumulated Loss | $ 102 | $ 1 |
Municipal securities [Member] | ||
Available for sale, Unrealized Loss Position [Line Items] | ||
Available for sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 227 | 175 |
Available for sale, Securities in Unrealized Loss Position, Less than 12 Months [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | $ 146,634 | $ 423,575 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 428,248 | 22,476 |
Available for sale securities, Unrealized Loss Position, Fair Value | 574,882 | 446,051 |
Available for sale securities, Securities in Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 5,301 | 7,762 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 58,395 | 726 |
Available for sale securities, Unrealized Loss Position, Accumulated Loss | $ 63,696 | $ 8,488 |
Residential agency mortgage-backed securities [Member] | ||
Available for sale, Unrealized Loss Position [Line Items] | ||
Available for sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 613 | 120 |
Available for sale, Securities in Unrealized Loss Position, Less than 12 Months [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | $ 3,879,582 | $ 2,382,094 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 863,732 | 750,044 |
Available for sale securities, Unrealized Loss Position, Fair Value | 4,743,314 | 3,132,138 |
Available for sale securities, Securities in Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 256,973 | 37,121 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 102,974 | 20,327 |
Available for sale securities, Unrealized Loss Position, Accumulated Loss | $ 359,947 | $ 57,448 |
Residential non-agency mortgage-backed securities [Member] | ||
Available for sale, Unrealized Loss Position [Line Items] | ||
Available for sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 26 | |
Available for sale, Securities in Unrealized Loss Position, Less than 12 Months [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | $ 499,716 | |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 0 | |
Available for sale securities, Unrealized Loss Position, Fair Value | 499,716 | |
Available for sale securities, Securities in Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 50,623 | |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Available for sale securities, Unrealized Loss Position, Accumulated Loss | $ 50,623 | |
Commercial agency mortgage-backed securities [Member] | ||
Available for sale, Unrealized Loss Position [Line Items] | ||
Available for sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 285 | 165 |
Available for sale, Securities in Unrealized Loss Position, Less than 12 Months [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | $ 1,647,778 | $ 2,104,689 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 2,535,816 | 703,216 |
Available for sale securities, Unrealized Loss Position, Fair Value | 4,183,594 | 2,807,905 |
Available for sale securities, Securities in Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 63,701 | 35,488 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 356,118 | 12,527 |
Available for sale securities, Unrealized Loss Position, Accumulated Loss | $ 419,819 | $ 48,015 |
Other debt securities [Member] | ||
Available for sale, Unrealized Loss Position [Line Items] | ||
Available for sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Available for sale, Securities in Unrealized Loss Position, Less than 12 Months [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | $ 0 | $ 0 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 473 | 472 |
Available for sale securities, Unrealized Loss Position, Fair Value | 473 | 472 |
Available for sale securities, Securities in Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Available for sale securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
Available for sale securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 27 | 28 |
Available for sale securities, Unrealized Loss Position, Accumulated Loss | $ 27 | $ 28 |
Securities Fair Value Option Se
Securities Fair Value Option Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Fair Value Option Securities [Line Items] | ||
Fair value option securities | $ 296,590 | $ 43,770 |
Residential agency mortgage-backed securities [Member] | ||
Fair Value Option Securities [Line Items] | ||
Fair value option securities | 296,590 | 43,770 |
Fair Value Option Securities Unrealized Gain or Loss | $ 338 | $ 1,591 |
Derivatives, Fair Value of Deri
Derivatives, Fair Value of Derivatives Contracts (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | ||
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Fair Value, Net of Cash Collateral | $ 880,343 | $ 1,097,297 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 554,900 | 275,625 | ||
Not Designated as Hedging Instrument [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 28,273,268 | [1] | 45,694,922 | [2] |
Derivative Liabilities, Notional | 25,778,851 | [1] | 50,930,000 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 1,736,280 | 1,588,528 | ||
Derivative Assets, Netting Adjustments | (669,203) | (490,268) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 1,067,077 | 1,098,260 | ||
Derivative Assets, Cash Collateral | (186,734) | (963) | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 880,343 | 1,097,297 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 1,708,852 | 1,627,386 | ||
Derivative Liabilities, Netting Adjustments | (669,203) | (490,268) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 1,039,649 | 1,137,118 | ||
Derivative Liabilities, Cash Collateral | (484,749) | (861,493) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 554,900 | 275,625 | ||
Not Designated as Hedging Instrument [Member] | Total customer risk management programs [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 10,788,231 | [1] | 9,232,665 | [2] |
Derivative Liabilities, Notional | 11,561,139 | [1] | 9,345,519 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 1,607,870 | 1,438,147 | ||
Derivative Assets, Netting Adjustments | (594,543) | (385,725) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 1,013,327 | 1,052,422 | ||
Derivative Assets, Cash Collateral | (182,088) | (242) | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 831,239 | 1,052,180 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 1,612,300 | 1,472,882 | ||
Derivative Liabilities, Netting Adjustments | (594,543) | (385,725) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 1,017,757 | 1,087,157 | ||
Derivative Liabilities, Cash Collateral | (484,326) | (837,419) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 533,431 | 249,738 | ||
Not Designated as Hedging Instrument [Member] | Interest rate contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 2,629,318 | [1] | 2,614,162 | [2] |
Derivative Liabilities, Notional | 2,629,122 | [1] | 2,614,162 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 158,825 | 53,881 | ||
Derivative Assets, Netting Adjustments | 0 | (10,101) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 158,825 | 43,780 | ||
Derivative Assets, Cash Collateral | (114,955) | 0 | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 43,870 | 43,780 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 158,816 | 54,062 | ||
Derivative Liabilities, Netting Adjustments | 0 | (10,101) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 158,816 | 43,961 | ||
Derivative Liabilities, Cash Collateral | 0 | (33,870) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 158,816 | 10,091 | ||
Not Designated as Hedging Instrument [Member] | Energy contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 7,918,020 | [1] | 6,360,095 | [2] |
Derivative Liabilities, Notional | 8,696,060 | [1] | 6,480,840 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 1,232,283 | 1,168,363 | ||
Derivative Assets, Netting Adjustments | (594,543) | (375,624) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 637,740 | 792,739 | ||
Derivative Assets, Cash Collateral | (67,024) | 0 | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 570,716 | 792,739 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 1,242,058 | 1,210,946 | ||
Derivative Liabilities, Netting Adjustments | (594,543) | (375,624) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 647,515 | 835,322 | ||
Derivative Liabilities, Cash Collateral | (484,319) | (803,102) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 163,196 | 32,220 | ||
Not Designated as Hedging Instrument [Member] | Foreign exchange contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 219,791 | [1] | 216,272 | [2] |
Derivative Liabilities, Notional | 214,855 | [1] | 208,381 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 216,569 | 215,148 | ||
Derivative Assets, Netting Adjustments | 0 | 0 | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 216,569 | 215,148 | ||
Derivative Assets, Cash Collateral | 0 | 0 | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 216,569 | 215,148 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 211,233 | 207,119 | ||
Derivative Liabilities, Netting Adjustments | 0 | 0 | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 211,233 | 207,119 | ||
Derivative Liabilities, Cash Collateral | (7) | (447) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 211,226 | 206,672 | ||
Not Designated as Hedging Instrument [Member] | Equity option contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 21,102 | [1] | 42,136 | [2] |
Derivative Liabilities, Notional | 21,102 | [1] | 42,136 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 193 | 755 | ||
Derivative Assets, Netting Adjustments | 0 | 0 | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 193 | 755 | ||
Derivative Assets, Cash Collateral | (109) | (242) | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 84 | 513 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 193 | 755 | ||
Derivative Liabilities, Netting Adjustments | 0 | 0 | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 193 | 755 | ||
Derivative Liabilities, Cash Collateral | 0 | 0 | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 193 | 755 | ||
Not Designated as Hedging Instrument [Member] | Trading [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 17,400,037 | [1] | 35,592,751 | [2] |
Derivative Liabilities, Notional | 14,038,906 | [1] | 41,285,649 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 126,910 | 139,694 | ||
Derivative Assets, Netting Adjustments | (74,647) | (104,326) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 52,263 | 35,368 | ||
Derivative Assets, Cash Collateral | (4,646) | (721) | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 47,617 | 34,647 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 94,958 | 152,947 | ||
Derivative Liabilities, Netting Adjustments | (74,647) | (104,326) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 20,311 | 48,621 | ||
Derivative Liabilities, Cash Collateral | (423) | (24,074) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 19,888 | 24,547 | ||
Not Designated as Hedging Instrument [Member] | Internal risk management programs [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 85,000 | [1] | 869,506 | [2] |
Derivative Liabilities, Notional | 178,806 | [1] | 298,832 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 1,500 | 10,687 | ||
Derivative Assets, Netting Adjustments | (13) | (217) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 1,487 | 10,470 | ||
Derivative Assets, Cash Collateral | 0 | 0 | ||
Derivative Assets, Fair Value, Net of Cash Collateral | 1,487 | 10,470 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 1,594 | 1,557 | ||
Derivative Liabilities, Netting Adjustments | (13) | (217) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 1,581 | 1,340 | ||
Derivative Liabilities, Cash Collateral | 0 | 0 | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | $ 1,581 | $ 1,340 | ||
[1]Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.[2]Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. |
Derivatives, Derivatives Instru
Derivatives, Derivatives Instruments Gain (Loss) in Income Statement (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | $ 94,332 | $ 8,979 | $ 31,004 | |
Gain (Loss) on Derivatives, Net | (73,011) | (19,378) | 42,320 | |
Interest rate contracts [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | 10,690 | 5,503 | 4,507 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | |
Energy contracts [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | 34,435 | 14,190 | 17,287 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | |
Agricultural contracts [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | 0 | 27 | 34 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | |
Foreign exchange contracts [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | 591 | 712 | 921 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | |
Equity option contracts [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | 0 | 0 | 0 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | |
Total customer risk management programs [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | 45,716 | 20,432 | 22,749 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | |
Trading [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | [1] | 48,616 | (11,453) | 8,255 |
Gain (Loss) on Derivatives, Net | [1] | 0 | 0 | 0 |
Internal risk management programs [Member] | ||||
Trading Activity, Gains and Losses, Net [Line Items] | ||||
Brokerage and Trading Revenue | 0 | 0 | 0 | |
Gain (Loss) on Derivatives, Net | $ (73,011) | $ (19,378) | $ 42,320 | |
[1]Includes changes in fair value of to-be-announced U.S. agency residential mortgage-backed securities and other derivative instruments offered to mortgage banking customers to manage their market risk or held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and trading revenue in the Consolidated Statement of Earnings. |
Loans and Allowances for Cred_3
Loans and Allowances for Credit Losses, Loans by Portfolio Segment (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Loans receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | $ 6,366,303 | $ 6,603,265 |
Loans, variable rate of interest | 16,069,050 | 13,468,356 |
Loans, non-accrual | 121,797 | 134,059 |
Total | 22,557,150 | 20,205,680 |
Foregone interest on nonaccrual loans | 6,796 | 14,102 |
Credit Commitments [Abstract] | ||
Outstanding commitments to extend credit | 15,400,000 | |
Outstanding commercial letters of credit | 740,000 | |
Geographic Concentration Risk [Member] | Texas [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 7,300,000 | $ 6,800,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Texas (in hundredths) | 32% | 34% |
Geographic Concentration Risk [Member] | Oklahoma [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 3,500,000 | $ 3,200,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Oklahoma (in hundredths) | 16% | 16% |
Geographic Concentration Risk [Member] | Colorado [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 2,500,000 | $ 2,500,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Colorado (in hundredths) | 11% | 12% |
Commercial [Member] | ||
Loans receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | $ 3,378,110 | $ 3,360,117 |
Loans, variable rate of interest | 10,759,780 | 9,072,244 |
Loans, non-accrual | 60,297 | 74,104 |
Total | 14,198,187 | 12,506,465 |
Commercial [Member] | Geographic Concentration Risk [Member] | Texas [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 4,700,000 | $ 4,400,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Texas (in hundredths) | 33% | 35% |
Commercial [Member] | Geographic Concentration Risk [Member] | Oklahoma [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 2,100,000 | $ 1,700,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Oklahoma (in hundredths) | 15% | 13% |
Commercial [Member] | Geographic Concentration Risk [Member] | Colorado [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 1,800,000 | $ 1,600,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Colorado (in hundredths) | 12% | 13% |
Commercial [Member] | Services [Member] | ||
Loans receivable, other information [Abstract] | ||
Amount of loans with individual balances less than $10 million | $ 1,600,000 | $ 1,700,000 |
Commercial [Member] | Services [Member] | Credit Concentration Risk [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 3,400,000 | $ 3,400,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan class to total loans | 15% | 17% |
Commercial [Member] | Energy [Member] | Credit Concentration Risk [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 3,400,000 | $ 3,000,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan class to total loans | 15% | 15% |
Commercial [Member] | Energy Producers [Member] | Credit Concentration Risk [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 2,700,000 | $ 2,200,000 |
Loans receivable, other information [Abstract] | ||
Percentage of committed energy production loans secured by oil | 72% | 67% |
Percentage of committed energy production loans secured by natural gas | 28% | 33% |
Commercial [Member] | Healthcare [Member] | Credit Concentration Risk [Member] | ||
Loans receivables disclosure [Abstract] | ||
Total | $ 3,800,000 | $ 3,400,000 |
Loans receivable, other information [Abstract] | ||
Percentage of loan class to total loans | 17% | 17% |
Commercial real estate [Member] | ||
Loans receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | $ 874,716 | $ 929,015 |
Loans, variable rate of interest | 3,715,491 | 2,888,048 |
Loans, non-accrual | 16,570 | 14,262 |
Total | $ 4,606,777 | $ 3,831,325 |
Commercial real estate [Member] | Geographic Concentration Risk [Member] | Texas [Member] | ||
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Texas (in hundredths) | 30% | 30% |
Commercial real estate [Member] | Geographic Concentration Risk [Member] | Oklahoma [Member] | ||
Loans receivable, other information [Abstract] | ||
Percentage of loan portfolio secured by property in Oklahoma (in hundredths) | 9% | 12% |
Paycheck Protection Program | ||
Loans receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | $ 14,312 | $ 276,341 |
Loans, variable rate of interest | 0 | 0 |
Loans, non-accrual | 0 | 0 |
Total | 14,312 | 276,341 |
Loans to individuals [Member] | ||
Loans receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | 2,099,165 | 2,037,792 |
Loans, variable rate of interest | 1,593,779 | 1,508,064 |
Loans, non-accrual | 44,930 | 45,693 |
Total | $ 3,737,874 | $ 3,591,549 |
Loans receivable, other information [Abstract] | ||
Percentage of personal loans secured by collateral in our geographical footprint | 91% |
Loans and Allowances for Cred_4
Loans and Allowances for Credit Losses, Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Allowance for loan losses [Roll Forward] | |||
Beginning balance | $ 256,421 | $ 388,640 | $ 236,568 |
Provision for loan losses | 428 | (95,202) | 222,460 |
Loans charged off | (28,746) | (51,351) | (79,399) |
Recoveries of loans previously charged off | 7,601 | 14,334 | 9,011 |
Ending balance | 235,704 | 256,421 | 388,640 |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 32,977 | 36,921 | 25,137 |
Provision for off-balance sheet credit risk | 27,942 | (3,944) | 11,784 |
Ending Balance | 60,919 | 32,977 | 36,921 |
Total provision for credit losses | 30,000 | (100,000) | 222,592 |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 22,435,353 | 20,071,621 | |
Individually measured for impairment, recorded investment | 121,797 | 134,059 | |
Total | 22,557,150 | 20,205,680 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 230,134 | 250,079 | |
Individually measured for impairment, related allowance | 5,570 | 6,342 | |
Total | 235,704 | 256,421 | |
Commercial [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 162,056 | 254,934 | 151,868 |
Provision for loan losses | (12,782) | (59,326) | 171,800 |
Loans charged off | (22,382) | (43,956) | (73,370) |
Recoveries of loans previously charged off | 4,694 | 10,404 | 4,636 |
Ending balance | 131,586 | 162,056 | 254,934 |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 13,812 | 14,422 | 11,578 |
Provision for off-balance sheet credit risk | 4,434 | (610) | 2,844 |
Ending Balance | 18,246 | 13,812 | 14,422 |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 14,137,890 | 12,432,361 | |
Individually measured for impairment, recorded investment | 60,297 | 74,104 | |
Total | 14,198,187 | 12,506,465 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 127,566 | 158,063 | |
Individually measured for impairment, related allowance | 4,020 | 3,993 | |
Total | 131,586 | 162,056 | |
Commercial real estate [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 58,553 | 86,558 | 47,185 |
Provision for loan losses | (813) | (26,522) | 40,407 |
Loans charged off | (269) | (2,485) | (1,300) |
Recoveries of loans previously charged off | 177 | 1,002 | 266 |
Ending balance | 57,648 | 58,553 | 86,558 |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 17,442 | 20,571 | 11,767 |
Provision for off-balance sheet credit risk | 23,048 | (3,129) | 8,804 |
Ending Balance | 40,490 | 17,442 | 20,571 |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 4,590,207 | 3,817,063 | |
Individually measured for impairment, recorded investment | 16,570 | 14,262 | |
Total | 4,606,777 | 3,831,325 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 56,098 | 56,204 | |
Individually measured for impairment, related allowance | 1,550 | 2,349 | |
Total | 57,648 | 58,553 | |
Paycheck Protection Program | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 |
Loans charged off | 0 | 0 | 0 |
Recoveries of loans previously charged off | 0 | 0 | 0 |
Ending balance | 0 | 0 | 0 |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 0 | 0 | 0 |
Provision for off-balance sheet credit risk | 0 | 0 | 0 |
Ending Balance | 0 | 0 | 0 |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 14,312 | 276,341 | |
Individually measured for impairment, recorded investment | 0 | 0 | |
Total | 14,312 | 276,341 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 0 | 0 | |
Individually measured for impairment, related allowance | 0 | 0 | |
Total | 0 | 0 | |
Loans to individuals [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 35,812 | 47,148 | 37,515 |
Provision for loan losses | 14,023 | (9,354) | 10,253 |
Loans charged off | (6,095) | (4,910) | (4,729) |
Recoveries of loans previously charged off | 2,730 | 2,928 | 4,109 |
Ending balance | 46,470 | 35,812 | 47,148 |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 1,723 | 1,928 | 1,792 |
Provision for off-balance sheet credit risk | 460 | (205) | 136 |
Ending Balance | 2,183 | 1,723 | 1,928 |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 3,692,944 | 3,545,856 | |
Individually measured for impairment, recorded investment | 44,930 | 45,693 | |
Total | 3,737,874 | 3,591,549 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 46,470 | 35,812 | |
Individually measured for impairment, related allowance | 0 | 0 | |
Total | 46,470 | 35,812 | |
Nonspecific Allowance [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 |
Loans charged off | 0 | 0 | 0 |
Recoveries of loans previously charged off | 0 | 0 | 0 |
Ending balance | 0 | 0 | 0 |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 0 | 0 | 0 |
Provision for off-balance sheet credit risk | 0 | 0 | 0 |
Ending Balance | $ 0 | $ 0 | 0 |
Transition Adjustment [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 25,809 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 23,552 | ||
Transition Adjustment [Member] | Commercial [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 33,681 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 10,144 | ||
Transition Adjustment [Member] | Commercial real estate [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | (4,620) | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 11,660 | ||
Transition Adjustment [Member] | Paycheck Protection Program | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 0 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 0 | ||
Transition Adjustment [Member] | Loans to individuals [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 13,943 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 1,748 | ||
Transition Adjustment [Member] | Nonspecific Allowance [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | (17,195) | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 0 | ||
Previously Reported [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 210,759 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 1,585 | ||
Previously Reported [Member] | Commercial [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 118,187 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 1,434 | ||
Previously Reported [Member] | Commercial real estate [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 51,805 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 107 | ||
Previously Reported [Member] | Paycheck Protection Program | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 0 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 0 | ||
Previously Reported [Member] | Loans to individuals [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 23,572 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | 44 | ||
Previously Reported [Member] | Nonspecific Allowance [Member] | |||
Allowance for loan losses [Roll Forward] | |||
Beginning balance | 17,195 | ||
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning Balance | $ 0 |
Loans and Allowances for Cred_5
Loans and Allowances for Credit Losses, Credit Quality Indicators (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | $ 4,453,665 | $ 3,678,190 |
Financing Receivable, Originated, Year 2 | 3,294,886 | 2,680,781 |
Financing Receivable, Originated, Year 3 | 2,107,063 | 2,305,870 |
Financing Receivable, Originated, Year 4 | 1,734,561 | 1,579,560 |
Financing Receivable, Originated, Year 5 | 1,157,972 | 1,250,651 |
Financing Receivable, Originated, More Than Five Years | 2,992,242 | 3,124,953 |
Financing Receivable, Revolving | 6,790,248 | 5,559,595 |
Financing Receivable, Revolving, Converted to Term Loan | 26,513 | 26,080 |
Total | 22,557,150 | 20,205,680 |
Commercial [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 2,655,782 | 2,115,523 |
Financing Receivable, Originated, Year 2 | 1,562,673 | 1,284,235 |
Financing Receivable, Originated, Year 3 | 983,405 | 1,142,464 |
Financing Receivable, Originated, Year 4 | 838,006 | 995,008 |
Financing Receivable, Originated, Year 5 | 779,311 | 761,286 |
Financing Receivable, Originated, More Than Five Years | 1,657,429 | 1,725,540 |
Financing Receivable, Revolving | 5,718,433 | 4,479,513 |
Financing Receivable, Revolving, Converted to Term Loan | 3,148 | 2,896 |
Total | 14,198,187 | 12,506,465 |
Commercial [Member] | Healthcare [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 932,097 | 570,635 |
Financing Receivable, Originated, Year 2 | 604,886 | 589,193 |
Financing Receivable, Originated, Year 3 | 476,854 | 559,276 |
Financing Receivable, Originated, Year 4 | 450,755 | 506,083 |
Financing Receivable, Originated, Year 5 | 471,362 | 330,231 |
Financing Receivable, Originated, More Than Five Years | 659,507 | 698,828 |
Financing Receivable, Revolving | 249,536 | 160,668 |
Financing Receivable, Revolving, Converted to Term Loan | 20 | 26 |
Total | 3,845,017 | 3,414,940 |
Commercial [Member] | Energy [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 157,745 | 263,341 |
Financing Receivable, Originated, Year 2 | 76,951 | 73,425 |
Financing Receivable, Originated, Year 3 | 30,284 | 17,099 |
Financing Receivable, Originated, Year 4 | 13,447 | 14,362 |
Financing Receivable, Originated, Year 5 | 6,377 | 4,741 |
Financing Receivable, Originated, More Than Five Years | 5,822 | 8,195 |
Financing Receivable, Revolving | 3,134,164 | 2,625,721 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 3,424,790 | 3,006,884 |
Commercial [Member] | Services [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 822,287 | 696,626 |
Financing Receivable, Originated, Year 2 | 507,219 | 405,992 |
Financing Receivable, Originated, Year 3 | 287,523 | 295,371 |
Financing Receivable, Originated, Year 4 | 196,711 | 287,001 |
Financing Receivable, Originated, Year 5 | 157,673 | 244,397 |
Financing Receivable, Originated, More Than Five Years | 702,823 | 799,961 |
Financing Receivable, Revolving | 756,524 | 637,278 |
Financing Receivable, Revolving, Converted to Term Loan | 761 | 567 |
Total | 3,431,521 | 3,367,193 |
Commercial [Member] | General business [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 743,653 | 584,921 |
Financing Receivable, Originated, Year 2 | 373,617 | 215,625 |
Financing Receivable, Originated, Year 3 | 188,744 | 270,718 |
Financing Receivable, Originated, Year 4 | 177,093 | 187,562 |
Financing Receivable, Originated, Year 5 | 143,899 | 181,917 |
Financing Receivable, Originated, More Than Five Years | 289,277 | 218,556 |
Financing Receivable, Revolving | 1,578,209 | 1,055,846 |
Financing Receivable, Revolving, Converted to Term Loan | 2,367 | 2,303 |
Total | 3,496,859 | 2,717,448 |
Commercial real estate [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 1,188,483 | 717,400 |
Financing Receivable, Originated, Year 2 | 1,158,002 | 711,231 |
Financing Receivable, Originated, Year 3 | 552,616 | 879,359 |
Financing Receivable, Originated, Year 4 | 648,561 | 423,127 |
Financing Receivable, Originated, Year 5 | 247,625 | 294,436 |
Financing Receivable, Originated, More Than Five Years | 649,874 | 687,894 |
Financing Receivable, Revolving | 161,616 | 117,847 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 31 |
Total | 4,606,777 | 3,831,325 |
Paycheck Protection Program | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 237,357 |
Financing Receivable, Originated, Year 2 | 3,456 | 38,984 |
Financing Receivable, Originated, Year 3 | 10,856 | 0 |
Financing Receivable, Originated, Year 4 | 0 | 0 |
Financing Receivable, Originated, Year 5 | 0 | 0 |
Financing Receivable, Originated, More Than Five Years | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 14,312 | 276,341 |
Loans to individuals [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 609,400 | 607,910 |
Financing Receivable, Originated, Year 2 | 570,755 | 646,331 |
Financing Receivable, Originated, Year 3 | 560,186 | 284,047 |
Financing Receivable, Originated, Year 4 | 247,994 | 161,425 |
Financing Receivable, Originated, Year 5 | 131,036 | 194,929 |
Financing Receivable, Originated, More Than Five Years | 684,939 | 711,519 |
Financing Receivable, Revolving | 910,199 | 962,235 |
Financing Receivable, Revolving, Converted to Term Loan | 23,365 | 23,153 |
Total | 3,737,874 | 3,591,549 |
Loans to individuals [Member] | Residential mortgage [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 354,529 | 387,706 |
Financing Receivable, Originated, Year 2 | 374,927 | 454,346 |
Financing Receivable, Originated, Year 3 | 395,948 | 84,540 |
Financing Receivable, Originated, Year 4 | 63,504 | 62,358 |
Financing Receivable, Originated, Year 5 | 42,571 | 68,925 |
Financing Receivable, Originated, More Than Five Years | 281,290 | 318,373 |
Financing Receivable, Revolving | 354,986 | 323,497 |
Financing Receivable, Revolving, Converted to Term Loan | 23,029 | 22,425 |
Total | 1,890,784 | 1,722,170 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 289 | 699 |
Financing Receivable, Originated, Year 2 | 2,254 | 11,380 |
Financing Receivable, Originated, Year 3 | 9,299 | 21,909 |
Financing Receivable, Originated, Year 4 | 12,182 | 28,791 |
Financing Receivable, Originated, Year 5 | 19,563 | 33,377 |
Financing Receivable, Originated, More Than Five Years | 202,353 | 258,017 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 245,940 | 354,173 |
Loans to individuals [Member] | Personal [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 254,582 | 219,505 |
Financing Receivable, Originated, Year 2 | 193,574 | 180,605 |
Financing Receivable, Originated, Year 3 | 154,939 | 177,598 |
Financing Receivable, Originated, Year 4 | 172,308 | 70,276 |
Financing Receivable, Originated, Year 5 | 68,902 | 92,627 |
Financing Receivable, Originated, More Than Five Years | 201,296 | 135,129 |
Financing Receivable, Revolving | 555,213 | 638,738 |
Financing Receivable, Revolving, Converted to Term Loan | 336 | 728 |
Total | 1,601,150 | 1,515,206 |
Performing [Member] | Commercial [Member] | Healthcare [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 932,097 | 563,800 |
Financing Receivable, Originated, Year 2 | 604,886 | 589,193 |
Financing Receivable, Originated, Year 3 | 476,854 | 516,558 |
Financing Receivable, Originated, Year 4 | 404,204 | 498,998 |
Financing Receivable, Originated, Year 5 | 464,989 | 319,096 |
Financing Receivable, Originated, More Than Five Years | 618,163 | 688,136 |
Financing Receivable, Revolving | 245,898 | 160,154 |
Financing Receivable, Revolving, Converted to Term Loan | 20 | 26 |
Total | 3,747,111 | 3,335,961 |
Performing [Member] | Commercial [Member] | Healthcare [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 6,835 |
Financing Receivable, Originated, Year 2 | 0 | 0 |
Financing Receivable, Originated, Year 3 | 0 | 15,583 |
Financing Receivable, Originated, Year 4 | 20,071 | 0 |
Financing Receivable, Originated, Year 5 | 0 | 11,135 |
Financing Receivable, Originated, More Than Five Years | 18,859 | 0 |
Financing Receivable, Revolving | 4 | 5 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 38,934 | 33,558 |
Performing [Member] | Commercial [Member] | Healthcare [Member] | Accruing Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 0 | 0 |
Financing Receivable, Originated, Year 3 | 0 | 27,135 |
Financing Receivable, Originated, Year 4 | 0 | 543 |
Financing Receivable, Originated, Year 5 | 0 | 0 |
Financing Receivable, Originated, More Than Five Years | 14,304 | 1,981 |
Financing Receivable, Revolving | 3,634 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 17,938 | 29,659 |
Performing [Member] | Commercial [Member] | Energy [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 157,745 | 252,133 |
Financing Receivable, Originated, Year 2 | 76,951 | 29,556 |
Financing Receivable, Originated, Year 3 | 30,284 | 15,914 |
Financing Receivable, Originated, Year 4 | 12,783 | 13,548 |
Financing Receivable, Originated, Year 5 | 5,992 | 4,741 |
Financing Receivable, Originated, More Than Five Years | 4,980 | 6,765 |
Financing Receivable, Revolving | 3,104,906 | 2,540,525 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 3,393,641 | 2,863,182 |
Performing [Member] | Commercial [Member] | Energy [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 558 | |
Financing Receivable, Originated, Year 2 | 771 | |
Financing Receivable, Originated, Year 3 | 0 | |
Financing Receivable, Originated, Year 4 | 0 | |
Financing Receivable, Originated, Year 5 | 0 | |
Financing Receivable, Originated, More Than Five Years | 0 | |
Financing Receivable, Revolving | 750 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | |
Total | 2,079 | |
Performing [Member] | Commercial [Member] | Energy [Member] | Accruing Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 10,650 |
Financing Receivable, Originated, Year 2 | 0 | 22,611 |
Financing Receivable, Originated, Year 3 | 0 | 1,185 |
Financing Receivable, Originated, Year 4 | 664 | 814 |
Financing Receivable, Originated, Year 5 | 385 | 0 |
Financing Receivable, Originated, More Than Five Years | 683 | 716 |
Financing Receivable, Revolving | 28,018 | 74,556 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 29,750 | 110,532 |
Performing [Member] | Commercial [Member] | Services [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 821,785 | 696,149 |
Financing Receivable, Originated, Year 2 | 496,510 | 405,057 |
Financing Receivable, Originated, Year 3 | 286,085 | 289,375 |
Financing Receivable, Originated, Year 4 | 193,481 | 275,010 |
Financing Receivable, Originated, Year 5 | 156,736 | 225,404 |
Financing Receivable, Originated, More Than Five Years | 696,300 | 795,029 |
Financing Receivable, Revolving | 722,371 | 607,958 |
Financing Receivable, Revolving, Converted to Term Loan | 639 | 375 |
Total | 3,373,907 | 3,294,357 |
Performing [Member] | Commercial [Member] | Services [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 502 | 434 |
Financing Receivable, Originated, Year 2 | 5,139 | 405 |
Financing Receivable, Originated, Year 3 | 989 | 1,830 |
Financing Receivable, Originated, Year 4 | 771 | 1,047 |
Financing Receivable, Originated, Year 5 | 894 | 3,290 |
Financing Receivable, Originated, More Than Five Years | 1,345 | 47 |
Financing Receivable, Revolving | 8,668 | 17,210 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 192 |
Total | 18,308 | 24,455 |
Performing [Member] | Commercial [Member] | Services [Member] | Accruing Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 43 |
Financing Receivable, Originated, Year 2 | 0 | 530 |
Financing Receivable, Originated, Year 3 | 0 | 4,166 |
Financing Receivable, Originated, Year 4 | 2,459 | 10,714 |
Financing Receivable, Originated, Year 5 | 43 | 1,785 |
Financing Receivable, Originated, More Than Five Years | 2,789 | 2,366 |
Financing Receivable, Revolving | 17,665 | 11,607 |
Financing Receivable, Revolving, Converted to Term Loan | 122 | 0 |
Total | 23,078 | 31,211 |
Performing [Member] | Commercial [Member] | General business [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 725,894 | 584,438 |
Financing Receivable, Originated, Year 2 | 358,383 | 211,892 |
Financing Receivable, Originated, Year 3 | 187,418 | 264,462 |
Financing Receivable, Originated, Year 4 | 172,878 | 177,384 |
Financing Receivable, Originated, Year 5 | 139,140 | 168,977 |
Financing Receivable, Originated, More Than Five Years | 283,694 | 215,014 |
Financing Receivable, Revolving | 1,570,536 | 1,047,420 |
Financing Receivable, Revolving, Converted to Term Loan | 2,329 | 2,284 |
Total | 3,440,272 | 2,671,871 |
Performing [Member] | Commercial [Member] | General business [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 17,759 | 218 |
Financing Receivable, Originated, Year 2 | 13,065 | 223 |
Financing Receivable, Originated, Year 3 | 208 | 60 |
Financing Receivable, Originated, Year 4 | 71 | 1,435 |
Financing Receivable, Originated, Year 5 | 7 | 3,842 |
Financing Receivable, Originated, More Than Five Years | 2,291 | 0 |
Financing Receivable, Revolving | 7,094 | 5,875 |
Financing Receivable, Revolving, Converted to Term Loan | 26 | 0 |
Total | 40,521 | 11,653 |
Performing [Member] | Commercial [Member] | General business [Member] | Accruing Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 265 |
Financing Receivable, Originated, Year 2 | 2,169 | 1,066 |
Financing Receivable, Originated, Year 3 | 66 | 1,634 |
Financing Receivable, Originated, Year 4 | 4,130 | 7,697 |
Financing Receivable, Originated, Year 5 | 4,680 | 8,336 |
Financing Receivable, Originated, More Than Five Years | 3,287 | 3,024 |
Financing Receivable, Revolving | 94 | 1,821 |
Financing Receivable, Revolving, Converted to Term Loan | 4 | 0 |
Total | 14,430 | 23,843 |
Performing [Member] | Commercial real estate [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 1,188,483 | 717,400 |
Financing Receivable, Originated, Year 2 | 1,158,002 | 711,231 |
Financing Receivable, Originated, Year 3 | 552,616 | 871,283 |
Financing Receivable, Originated, Year 4 | 641,102 | 403,115 |
Financing Receivable, Originated, Year 5 | 247,625 | 279,058 |
Financing Receivable, Originated, More Than Five Years | 633,304 | 664,684 |
Financing Receivable, Revolving | 161,616 | 117,847 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 31 |
Total | 4,582,748 | 3,764,649 |
Performing [Member] | Commercial real estate [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | |
Financing Receivable, Originated, Year 2 | 0 | |
Financing Receivable, Originated, Year 3 | 0 | |
Financing Receivable, Originated, Year 4 | 6,660 | |
Financing Receivable, Originated, Year 5 | 10,898 | |
Financing Receivable, Originated, More Than Five Years | 9,244 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | |
Total | 26,802 | |
Performing [Member] | Commercial real estate [Member] | Accruing Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 0 | 0 |
Financing Receivable, Originated, Year 3 | 0 | 0 |
Financing Receivable, Originated, Year 4 | 7,459 | 13,352 |
Financing Receivable, Originated, Year 5 | 0 | 4,480 |
Financing Receivable, Originated, More Than Five Years | 0 | 7,780 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 7,459 | 25,612 |
Performing [Member] | Paycheck Protection Program | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 237,357 |
Financing Receivable, Originated, Year 2 | 3,456 | 38,984 |
Financing Receivable, Originated, Year 3 | 10,856 | 0 |
Financing Receivable, Originated, Year 4 | 0 | 0 |
Financing Receivable, Originated, Year 5 | 0 | 0 |
Financing Receivable, Originated, More Than Five Years | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 14,312 | 276,341 |
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 354,497 | 386,092 |
Financing Receivable, Originated, Year 2 | 373,190 | 452,537 |
Financing Receivable, Originated, Year 3 | 393,002 | 84,001 |
Financing Receivable, Originated, Year 4 | 63,142 | 60,390 |
Financing Receivable, Originated, Year 5 | 40,525 | 68,150 |
Financing Receivable, Originated, More Than Five Years | 260,625 | 295,632 |
Financing Receivable, Revolving | 352,126 | 320,638 |
Financing Receivable, Revolving, Converted to Term Loan | 22,176 | 21,463 |
Total | 1,859,283 | 1,688,903 |
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 81 | 0 |
Financing Receivable, Originated, Year 3 | 42 | 156 |
Financing Receivable, Originated, Year 4 | 0 | 0 |
Financing Receivable, Originated, Year 5 | 142 | 19 |
Financing Receivable, Originated, More Than Five Years | 388 | 411 |
Financing Receivable, Revolving | 527 | 282 |
Financing Receivable, Revolving, Converted to Term Loan | 87 | 159 |
Total | 1,267 | 1,027 |
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Accruing Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 98 |
Financing Receivable, Originated, Year 2 | 0 | 0 |
Financing Receivable, Originated, Year 3 | 187 | 0 |
Financing Receivable, Originated, Year 4 | 0 | 0 |
Financing Receivable, Originated, Year 5 | 0 | 127 |
Financing Receivable, Originated, More Than Five Years | 138 | 41 |
Financing Receivable, Revolving | 117 | 400 |
Financing Receivable, Revolving, Converted to Term Loan | 1 | 0 |
Total | 443 | 666 |
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 289 | 699 |
Financing Receivable, Originated, Year 2 | 2,254 | 11,380 |
Financing Receivable, Originated, Year 3 | 9,000 | 20,650 |
Financing Receivable, Originated, Year 4 | 10,722 | 27,970 |
Financing Receivable, Originated, Year 5 | 17,244 | 32,742 |
Financing Receivable, Originated, More Than Five Years | 191,426 | 246,871 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 230,935 | 340,312 |
Performing [Member] | Loans to individuals [Member] | Personal [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 254,497 | 218,960 |
Financing Receivable, Originated, Year 2 | 193,095 | 180,577 |
Financing Receivable, Originated, Year 3 | 154,887 | 177,389 |
Financing Receivable, Originated, Year 4 | 172,114 | 70,249 |
Financing Receivable, Originated, Year 5 | 68,871 | 92,592 |
Financing Receivable, Originated, More Than Five Years | 201,278 | 135,041 |
Financing Receivable, Revolving | 549,187 | 638,713 |
Financing Receivable, Revolving, Converted to Term Loan | 332 | 728 |
Total | 1,594,261 | 1,514,249 |
Performing [Member] | Loans to individuals [Member] | Personal [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 47 | 0 |
Financing Receivable, Originated, Year 2 | 28 | 9 |
Financing Receivable, Originated, Year 3 | 40 | 34 |
Financing Receivable, Originated, Year 4 | 12 | 3 |
Financing Receivable, Originated, Year 5 | 17 | 0 |
Financing Receivable, Originated, More Than Five Years | 0 | 47 |
Financing Receivable, Revolving | 6,003 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 4 | 0 |
Total | 6,151 | 93 |
Performing [Member] | Loans to individuals [Member] | Personal [Member] | Accruing Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 435 |
Financing Receivable, Originated, Year 2 | 444 | 5 |
Financing Receivable, Originated, Year 3 | 0 | 165 |
Financing Receivable, Originated, Year 4 | 160 | 0 |
Financing Receivable, Originated, Year 5 | 0 | 0 |
Financing Receivable, Originated, More Than Five Years | 0 | 1 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 604 | 606 |
Nonaccrual [Member] | Commercial [Member] | Healthcare [Member] | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 0 | 0 |
Financing Receivable, Originated, Year 3 | 0 | 0 |
Financing Receivable, Originated, Year 4 | 26,480 | 6,542 |
Financing Receivable, Originated, Year 5 | 6,373 | 0 |
Financing Receivable, Originated, More Than Five Years | 8,181 | 8,711 |
Financing Receivable, Revolving | 0 | 509 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 41,034 | 15,762 |
Nonaccrual [Member] | Commercial [Member] | Energy [Member] | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 0 | 20,487 |
Financing Receivable, Originated, Year 3 | 0 | 0 |
Financing Receivable, Originated, Year 4 | 0 | 0 |
Financing Receivable, Originated, Year 5 | 0 | 0 |
Financing Receivable, Originated, More Than Five Years | 159 | 714 |
Financing Receivable, Revolving | 1,240 | 9,890 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 1,399 | 31,091 |
Nonaccrual [Member] | Commercial [Member] | Services [Member] | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 5,570 | 0 |
Financing Receivable, Originated, Year 3 | 449 | 0 |
Financing Receivable, Originated, Year 4 | 0 | 230 |
Financing Receivable, Originated, Year 5 | 0 | 13,918 |
Financing Receivable, Originated, More Than Five Years | 2,389 | 2,519 |
Financing Receivable, Revolving | 7,820 | 503 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 16,228 | 17,170 |
Nonaccrual [Member] | Commercial [Member] | General business [Member] | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 0 | 2,444 |
Financing Receivable, Originated, Year 3 | 1,052 | 4,562 |
Financing Receivable, Originated, Year 4 | 14 | 1,046 |
Financing Receivable, Originated, Year 5 | 72 | 762 |
Financing Receivable, Originated, More Than Five Years | 5 | 518 |
Financing Receivable, Revolving | 485 | 730 |
Financing Receivable, Revolving, Converted to Term Loan | 8 | 19 |
Total | 1,636 | 10,081 |
Nonaccrual [Member] | Commercial real estate [Member] | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 0 | 0 |
Financing Receivable, Originated, Year 3 | 0 | 8,076 |
Financing Receivable, Originated, Year 4 | 0 | 0 |
Financing Receivable, Originated, Year 5 | 0 | 0 |
Financing Receivable, Originated, More Than Five Years | 16,570 | 6,186 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 16,570 | 14,262 |
Nonaccrual [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 32 | 1,516 |
Financing Receivable, Originated, Year 2 | 1,656 | 1,809 |
Financing Receivable, Originated, Year 3 | 2,717 | 383 |
Financing Receivable, Originated, Year 4 | 362 | 1,968 |
Financing Receivable, Originated, Year 5 | 1,904 | 629 |
Financing Receivable, Originated, More Than Five Years | 20,139 | 22,289 |
Financing Receivable, Revolving | 2,216 | 2,177 |
Financing Receivable, Revolving, Converted to Term Loan | 765 | 803 |
Total | 29,791 | 31,574 |
Nonaccrual [Member] | Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 0 | 0 |
Financing Receivable, Originated, Year 2 | 0 | 0 |
Financing Receivable, Originated, Year 3 | 299 | 1,259 |
Financing Receivable, Originated, Year 4 | 1,460 | 821 |
Financing Receivable, Originated, Year 5 | 2,319 | 635 |
Financing Receivable, Originated, More Than Five Years | 10,927 | 11,146 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | 15,005 | 13,861 |
Nonaccrual [Member] | Loans to individuals [Member] | Personal [Member] | Nonaccrual | ||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | ||
Financing Receivable, Originated, Year One | 38 | 110 |
Financing Receivable, Originated, Year 2 | 7 | 14 |
Financing Receivable, Originated, Year 3 | 12 | 10 |
Financing Receivable, Originated, Year 4 | 22 | 24 |
Financing Receivable, Originated, Year 5 | 14 | 35 |
Financing Receivable, Originated, More Than Five Years | 18 | 40 |
Financing Receivable, Revolving | 23 | 25 |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 |
Total | $ 134 | $ 258 |
Loans and Allowances for Cred_6
Loans and Allowances for Credit Losses, Nonaccrual (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | $ 121,797 | $ 134,059 |
Financing Receivable, Nonaccrual, No Allowance | 90,854 | 114,025 |
Financing receivable, Nonaccrual, With Allowance | 30,943 | 20,034 |
Financing Receivable, Nonaccrual, Related Allowance | 5,570 | 6,343 |
Commercial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 60,297 | 74,104 |
Financing Receivable, Nonaccrual, No Allowance | 45,531 | 62,146 |
Financing receivable, Nonaccrual, With Allowance | 14,766 | 11,958 |
Financing Receivable, Nonaccrual, Related Allowance | 4,020 | 3,994 |
Commercial [Member] | Healthcare [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 41,034 | 15,762 |
Financing Receivable, Nonaccrual, No Allowance | 34,661 | 9,679 |
Financing receivable, Nonaccrual, With Allowance | 6,373 | 6,083 |
Financing Receivable, Nonaccrual, Related Allowance | 946 | 53 |
Commercial [Member] | Services [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 16,228 | 17,170 |
Financing Receivable, Nonaccrual, No Allowance | 7,835 | 13,686 |
Financing receivable, Nonaccrual, With Allowance | 8,393 | 3,484 |
Financing Receivable, Nonaccrual, Related Allowance | 3,074 | 2,584 |
Commercial [Member] | Energy [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 1,399 | 31,091 |
Financing Receivable, Nonaccrual, No Allowance | 1,399 | 31,091 |
Financing receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
Commercial [Member] | General business [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 1,636 | 10,081 |
Financing Receivable, Nonaccrual, No Allowance | 1,636 | 7,690 |
Financing receivable, Nonaccrual, With Allowance | 0 | 2,391 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 1,357 |
Commercial real estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 16,570 | 14,262 |
Financing Receivable, Nonaccrual, No Allowance | 393 | 6,186 |
Financing receivable, Nonaccrual, With Allowance | 16,177 | 8,076 |
Financing Receivable, Nonaccrual, Related Allowance | 1,550 | 2,349 |
Loans to individuals [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 44,930 | 45,693 |
Financing Receivable, Nonaccrual, No Allowance | 44,930 | 45,693 |
Financing receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
Loans to individuals [Member] | Residential mortgage [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 29,791 | 31,574 |
Financing Receivable, Nonaccrual, No Allowance | 29,791 | 31,574 |
Financing receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
Loans to individuals [Member] | Personal [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 134 | 258 |
Financing Receivable, Nonaccrual, No Allowance | 134 | 258 |
Financing receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
US Government Agency Insured Loans | Loans to individuals [Member] | Residential mortgage [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 15,005 | 13,861 |
Financing Receivable, Nonaccrual, No Allowance | 15,005 | 13,861 |
Financing receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | $ 0 | $ 0 |
Loans and Allowances for Cred_7
Loans and Allowances for Credit Losses, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Troubled Debt Restructuring, Recorded Investment | $ 232,000 | $ 273,000 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 117,000 | 141,000 |
Troubled Debt Restructuring, Charge-offs | 16,000 | 994 |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 52,000 | 121,000 |
US Government Agency Insured Loans | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 74,000 | 97,000 |
US Government Agency Insured Loans | Residential mortgage [Member] | Loans to individuals [Member] | Accruing [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Troubled Debt Restructuring, Recorded Investment | $ 164,000 | $ 211,000 |
Loans and Allowances for Cred_8
Loans and Allowances for Credit Losses, By Aging Category (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | $ 76,114 | $ 119,132 |
Current and Past Due Performing Loans | 22,557,150 | 20,205,680 |
Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 22,355,864 | 19,980,847 |
30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 55,039 | 43,102 |
60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 51,614 | 27,870 |
90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 94,633 | 153,861 |
Commercial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 199 |
Current and Past Due Performing Loans | 14,198,187 | 12,506,465 |
Commercial [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 14,156,787 | 12,472,930 |
Commercial [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 7,024 | 9,904 |
Commercial [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 28,959 | 9,333 |
Commercial [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 5,417 | 14,298 |
Commercial [Member] | Healthcare [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 3,845,017 | 3,414,940 |
Commercial [Member] | Healthcare [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,812,164 | 3,412,072 |
Commercial [Member] | Healthcare [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 5,914 | 2,359 |
Commercial [Member] | Healthcare [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 26,480 | 0 |
Commercial [Member] | Healthcare [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 459 | 509 |
Commercial [Member] | Energy [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 3,424,790 | 3,006,884 |
Commercial [Member] | Energy [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,424,766 | 3,002,623 |
Commercial [Member] | Energy [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 24 | 545 |
Commercial [Member] | Energy [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 3,716 |
Commercial [Member] | Energy [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 0 |
Commercial [Member] | Services [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 3,431,521 | 3,367,193 |
Commercial [Member] | Services [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,423,042 | 3,352,639 |
Commercial [Member] | Services [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 1,060 | 920 |
Commercial [Member] | Services [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 2,461 | 4,620 |
Commercial [Member] | Services [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 4,958 | 9,014 |
Commercial [Member] | General business [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 199 |
Current and Past Due Performing Loans | 3,496,859 | 2,717,448 |
Commercial [Member] | General business [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,496,815 | 2,705,596 |
Commercial [Member] | General business [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 26 | 6,080 |
Commercial [Member] | General business [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 18 | 997 |
Commercial [Member] | General business [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 4,775 |
Commercial real estate [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 4,606,777 | 3,831,325 |
Commercial real estate [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 4,606,029 | 3,827,962 |
Commercial real estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 531 | 0 |
Commercial real estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 206 |
Commercial real estate [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 217 | 3,157 |
Paycheck Protection Program | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 396 | 74 |
Current and Past Due Performing Loans | 14,312 | 276,341 |
Paycheck Protection Program | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 12,279 | 276,341 |
Paycheck Protection Program | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 231 | 0 |
Paycheck Protection Program | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 1,406 | 0 |
Paycheck Protection Program | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 396 | 0 |
Loans to individuals [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 75,718 | 118,859 |
Current and Past Due Performing Loans | 3,737,874 | 3,591,549 |
Loans to individuals [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,580,769 | 3,403,614 |
Loans to individuals [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 47,253 | 33,198 |
Loans to individuals [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 21,249 | 18,331 |
Loans to individuals [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 88,603 | 136,406 |
Loans to individuals [Member] | Residential mortgage [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 114 | 0 |
Current and Past Due Performing Loans | 1,890,784 | 1,722,170 |
Loans to individuals [Member] | Residential mortgage [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 1,872,155 | 1,707,654 |
Loans to individuals [Member] | Residential mortgage [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 10,632 | 6,263 |
Loans to individuals [Member] | Residential mortgage [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 1,828 | 1,556 |
Loans to individuals [Member] | Residential mortgage [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 6,169 | 6,697 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 75,604 | 118,819 |
Current and Past Due Performing Loans | 245,940 | 354,173 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 108,019 | 181,022 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 36,119 | 26,869 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 19,400 | 16,751 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 82,402 | 129,531 |
Loans to individuals [Member] | Personal [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 40 |
Current and Past Due Performing Loans | 1,601,150 | 1,515,206 |
Loans to individuals [Member] | Personal [Member] | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 1,600,595 | 1,514,938 |
Loans to individuals [Member] | Personal [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 502 | 66 |
Loans to individuals [Member] | Personal [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 21 | 24 |
Loans to individuals [Member] | Personal [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | $ 32 | $ 178 |
Premises and Equipment and Le_3
Premises and Equipment and Leases Premises and Equipment and Leases (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Premises and Equipment [Line Items] | |||
Premises and equipment | $ 974,568 | $ 924,298 | |
Less accumulated depreciation | 409,393 | 350,150 | |
Premises and equipment, net of accumulated depreciation | $ 565,175 | 574,148 | |
Lease liabilities | Other liabilities | ||
Depreciation Expense | $ 68,400 | 63,400 | $ 54,300 |
Lessee, Operating Lease, Liability, Payment, Due [Abstract] | |||
Operating Leases, Payments Due, 2023 | 27,130 | ||
Operating Leases, Payments, 2024 | 26,894 | ||
Operating Leases, Payments, 2025 | 26,092 | ||
Operating Leases, Payments, 2026 | 25,306 | ||
Operating Lease, Payments, 2027 | 22,925 | ||
Operating Leases, Payments, 2028 and later | 115,983 | ||
Total undiscounted lease payments | 244,330 | ||
Less: Interest | 32,278 | ||
Lease liabilities | $ 212,052 | ||
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Other Liabilities | ||
Lease, Cost [Abstract] | |||
Operating Lease, Right-of-Use Asset | $ 177,000 | $ 181,000 | |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Premises and equipment, net of accumulated depreciation | Premises and equipment, net of accumulated depreciation | |
Operating Lease, Weighted Average Remaining Lease Term | 10 years 2 months 12 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 2.90% | ||
Lease, Cost | $ 41,700 | $ 35,800 | 42,000 |
Operating Lease, costs recognized as occupancy and equipment expense | 24,500 | 23,400 | 25,000 |
Operating Lease, operating cash flows | 23,300 | 25,300 | 25,600 |
Short-term Lease, Cost | 13,000 | 11,500 | $ 13,400 |
Land | |||
Premises and Equipment [Line Items] | |||
Premises and equipment | 69,944 | 69,776 | |
Buildings and improvements | |||
Premises and Equipment [Line Items] | |||
Premises and equipment | 469,001 | 472,450 | |
Software and related integration | |||
Premises and Equipment [Line Items] | |||
Premises and equipment | 198,057 | 159,063 | |
Furniture and equipment | |||
Premises and Equipment [Line Items] | |||
Premises and equipment | 201,830 | 186,092 | |
Construction in progress | |||
Premises and Equipment [Line Items] | |||
Premises and equipment | $ 35,736 | $ 36,917 |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2022 | |
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, net | $ 91,778 | $ 76,131 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ||
2023 | 13,770 | |
2024 | 11,990 | |
2025 | 10,876 | |
2026 | 9,814 | |
2027 | 8,553 | |
Thereafter | 21,128 | |
Goodwill [Roll Forward] | ||
Goodwill, Beginning Balance | 1,048,091 | |
Sale of consolidated merchant banking investment during 2021 | (3,342) | |
Goodwill, Ending Balance | 1,044,749 | |
Commercial [Member] | ||
Goodwill [Roll Forward] | ||
Goodwill, Beginning Balance | 913,931 | |
Sale of consolidated merchant banking investment during 2021 | (3,342) | |
Goodwill, Ending Balance | 910,589 | |
Consumer [Member] | ||
Goodwill [Roll Forward] | ||
Goodwill, Beginning Balance | 43,458 | |
Sale of consolidated merchant banking investment during 2021 | 0 | |
Goodwill, Ending Balance | 43,458 | |
Wealth Management [Member] | ||
Goodwill [Roll Forward] | ||
Goodwill, Beginning Balance | 90,702 | |
Sale of consolidated merchant banking investment during 2021 | 0 | |
Goodwill, Ending Balance | 90,702 | |
Funds Management and Other [Member] | ||
Goodwill [Roll Forward] | ||
Goodwill, Beginning Balance | 0 | |
Sale of consolidated merchant banking investment during 2021 | 0 | |
Goodwill, Ending Balance | 0 | |
Core deposits premiums [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, gross | 103,200 | 103,200 |
Accumulated amortization | 44,149 | 55,130 |
Finite-lived intangible assets, net | 59,051 | 48,070 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ||
2023 | 10,145 | |
2024 | 9,379 | |
2025 | 8,675 | |
2026 | 7,986 | |
2027 | 6,956 | |
Thereafter | 4,929 | |
Other identifiable intangible assets [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, gross | 78,154 | 78,154 |
Accumulated amortization | 45,427 | 50,093 |
Finite-lived intangible assets, net | $ 32,727 | 28,061 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ||
2023 | 3,625 | |
2024 | 2,611 | |
2025 | 2,201 | |
2026 | 1,828 | |
2027 | 1,597 | |
Thereafter | $ 16,199 |
Mortgage Banking Activities, Co
Mortgage Banking Activities, Components of Loans Held For Sale (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | |||
Number of days for past due for a residential mortgage loan to be considered nonperforming (in days) | 90 days | 90 days | |
Residential mortgage loans held for sale, nonperforming | $ 0 | $ 0 | |
Credit losses recognized on residential mortgage loans held for sale | 0 | 0 | $ 0 |
Components of Residential Mortgage Loans Held for Sale [Abstract] | |||
Unpaid principal balance | 74,941 | 182,710 | |
Residential mortgage loans held for sale, Fair value | 73,938 | 186,175 | |
Residential mortgage loans held for sale | $ 75,272 | $ 192,295 | |
Not Designated as Hedging Instrument [Member] | Residential mortgage loan commitments [Member] | |||
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | |||
General number of days outstanding for residential mortgage commitments, minimum (in days) | 60 days | 60 days | |
General number of days outstanding for residential mortgage commitments, maximum (in days) | 90 days | 90 days | |
Components of Residential Mortgage Loans Held for Sale [Abstract] | |||
Derivative, Notional Amount | $ 45,492 | $ 171,412 | |
Derivative, Net fair value | $ 1,054 | $ 6,167 | |
Not Designated as Hedging Instrument [Member] | Forward sales contracts [Member] | |||
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | |||
General number of days for delivery of loans, for which the price is set by forward sales contracts, minimum (in days) | 60 days | 60 days | |
General number of days for delivery of loans, for which the price is set by forward sales contracts, maximum (in days) | 90 days | 90 days | |
Components of Residential Mortgage Loans Held for Sale [Abstract] | |||
Derivative, Notional Amount | $ 109,469 | $ 328,433 | |
Derivative, Net fair value | $ 280 | $ (47) |
Mortgage Banking Activities, Mo
Mortgage Banking Activities, Mortgage Banking Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Mortgage Banking Revenue [Abstract] | |||
Net realized gains on sales of mortgage loans | $ 7,416 | $ 76,282 | $ 107,847 |
Net change in unrealized gain on mortgage loans held for sale | (4,468) | (5,818) | 6,697 |
Net change in fair value of mortgage loan commitments | (5,113) | (14,268) | 15,202 |
Net change in the fair value of forward sales contracts | 327 | 4,516 | (3,898) |
Total mortgage production revenue | (1,838) | 60,712 | 125,848 |
Servicing revenue | 51,203 | 45,184 | 56,512 |
Total mortgage banking revenue | $ 49,365 | $ 105,896 | $ 182,360 |
Mortgage Banking Activities, _2
Mortgage Banking Activities, Mortgage Servicing Rights (Details) | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Summary of Mortgage Servicing Rights [Abstract] | |||
Number of residential mortgage loans serviced for others | 110,541 | 102,008 | 106,201 |
Outstanding principal balance of residential mortgage loans serviced for others | $ 18,863,201,000 | $ 16,442,446,000 | $ 16,228,449,000 |
Weighted average interest rate (in hundredths) | 3.59% | 3.58% | 3.84% |
Remaining contractual term (in months) | 283 months | 281 months | 280 months |
Servicing Asset at Fair Value, Amount [Roll Forward] | |||
Beginning balance | $ 163,198,000 | $ 101,172,000 | $ 201,886,000 |
Additions | 18,215,000 | 31,132,000 | 31,209,000 |
Disposals | (10,801,000) | ||
Acquisitions | 47,675,000 | 28,018,000 | |
Change in fair value due to loan runoff | (31,741,000) | (38,761,000) | (41,598,000) |
Change in fair value due to market changes | 80,261,000 | 41,637,000 | (79,524,000) |
Ending balance | $ 277,608,000 | $ 163,198,000 | $ 101,172,000 |
Servicing Assets at Fair Value, Assumptions Used to Estimate Fair Value [Abstract] | |||
Discount rate - risk-free rate plus a market premium (in hundredths) | 9.51% | 8.39% | |
Prepayment rate - based upon loan interest rate, original term and loan type | 7.54% | 12.11% | |
Loan servicing costs - annually per loan based upon loan type, performing, minimum (in dollars per loan) | $ 69 | $ 69 | |
Loan servicing costs - annually per loan based upon loan type, performing, maximum (in dollars per loan) | 94 | 94 | |
Loan servicing costs - annually per loan based upon loan type, delinquent, minimum (in dollars per loan) | 150 | 150 | |
Loan servicing costs - annually per loan based upon loan type, delinquent, maximum (in dollars per loan) | 500 | 500 | |
Loan servicing costs - annually per loan based upon loan type, foreclosure, minimum (in dollars per loan) | 875 | 1,000 | |
Loan servicing costs - annually per loan based upon loan type, foreclosure, maximum (in dollars per loan) | $ 8,000 | $ 4,000 | |
Primary secondary mortgage rate spread (in basis points) | 105 | 105 | |
Escrow earnings rate - indexed to rates paid on deposit accounts with comparable average life | 4.06% | 1.32% | |
Delinquency rate | 2.33% | 2.05% |
Deposits (Details)
Deposits (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest expense on deposits [Abstract] | |||
Transaction deposits | $ 108,956 | $ 21,961 | $ 60,424 |
Savings | 489 | 374 | 385 |
Time Deposit, Interest Expense [Abstract] | |||
Certificates of deposits under $100,000 | 2,545 | 2,961 | 6,741 |
Certificates of deposits $100,000 and over | 6,729 | 4,719 | 18,270 |
Other time deposits | 3,030 | 3,469 | 4,176 |
Total time | 12,304 | 11,149 | 29,187 |
Total | 121,749 | 33,484 | $ 89,996 |
Time Deposit Information [Abstract] | |||
Time deposits in denomination of $250,000 or more | 470,000 | 828,000 | |
Time Deposit Maturities [Abstract] | |||
2023 | 1,200,000 | ||
2024 | 133,000 | ||
2025 | 40,000 | ||
2026 | 81,000 | ||
2027 | 20,000 | ||
Thereafter | 19,000 | ||
Other Deposits Information [Abstract] | |||
Overdrawn customer transaction deposits reclassified as loan balances | $ 10,000 | $ 3,400 |
Other Borrowed Funds (Details)
Other Borrowed Funds (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 7,138,490 | $ 2,494,428 | $ 3,821,361 | |
Average Balance | $ 3,025,223 | $ 5,062,621 | $ 8,570,959 | |
Rate | 1.95% | 0.56% | 0.82% | |
Other borrowed funds, Maturities [Abstract] | ||||
2023 | $ 6,989,462 | |||
2024 | 3,839 | |||
2025 | 3,964 | |||
2026 | 4,094 | |||
2027 | 2,610 | |||
Thereafter | 134,521 | |||
Funds purchased [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 99,843 | $ 199,513 | $ 769,365 | |
Rate | 0.05% | 0.05% | 0.05% | |
Average Balance | $ 266,344 | $ 543,183 | $ 2,045,795 | |
Rate | 1.12% | 0.46% | 0.58% | |
Maximum Outstanding At Any Month End | $ 444,069 | $ 542,465 | $ 3,311,938 | |
Repurchase agreements [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 2,170,534 | $ 2,126,936 | $ 893,021 | |
Rate | 4.42% | 0.08% | 0.09% | |
Average Balance | $ 998,701 | $ 1,695,519 | $ 1,589,746 | |
Rate | 1.02% | 0.33% | 0.24% | |
Maximum Outstanding At Any Month End | $ 3,034,312 | $ 2,920,728 | $ 3,230,097 | |
Other Borrowings [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | 4,736,908 | 36,753 | 1,882,970 | |
Average Balance | $ 1,628,972 | $ 2,599,861 | $ 4,659,453 | |
Rate | 2.41% | 0.38% | 0.88% | |
Federal Home Loan Bank advances [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 4,700,000 | $ 0 | $ 200,000 | |
Rate | 4.48% | 0% | 0.29% | |
Average Balance | $ 1,593,699 | $ 1,679,315 | $ 3,393,989 | |
Rate | 2.37% | 0.27% | 1% | |
Maximum Outstanding At Any Month End | $ 4,700,000 | $ 2,600,000 | $ 7,500,000 | |
GNMA repurchase liability [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 10,608 | $ 7,420 | $ 19,500 | |
Rate | 4.06% | 4.36% | 4.35% | |
Average Balance | $ 6,692 | $ 11,956 | $ 42,771 | |
Rate | 4.38% | 4.06% | 4.18% | |
Maximum Outstanding At Any Month End | $ 11,011 | $ 23,856 | $ 126,569 | |
Paycheck protection program liquidity facility | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 0 | $ 1,635,963 | ||
Rate | 0% | 0.35% | ||
Average Balance | $ 879,145 | $ 1,152,073 | ||
Rate | 0.35% | 0.35% | ||
Maximum Outstanding At Any Month End | $ 1,662,598 | $ 2,013,414 | ||
Federal Reserve Bank Advances | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 0 | |||
Rate | 0% | |||
Average Balance | $ 42,464 | |||
Rate | 0.26% | |||
Maximum Outstanding At Any Month End | $ 0 | |||
Other [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 26,300 | $ 29,333 | $ 27,507 | |
Rate | 3.20% | 3.23% | 5.24% | |
Average Balance | $ 28,581 | $ 29,445 | $ 28,156 | |
Rate | 3.12% | 4.18% | 5.12% | |
Maximum Outstanding At Any Month End | $ 30,382 | $ 31,875 | $ 49,376 | |
Subordinated debentures [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | [1] | $ 131,205 | $ 131,226 | $ 276,005 |
Rate | [1] | 6.34% | 3.95% | 4.72% |
Average Balance | [1] | $ 131,206 | $ 224,058 | $ 275,965 |
Rate | [1] | 4.95% | 4.70% | 5.05% |
Maximum Outstanding At Any Month End | [1] | $ 131,230 | $ 276,049 | $ 276,005 |
Subordinated debentures [Member] | Subordinated debentures-acquired, 2015 Issuance [Member] | ||||
Other borrowed funds, Other Disclosures [Abstract] | ||||
Amount of debt issuance | $ 60,000 | |||
Maturity date | Jun. 25, 2030 | |||
Stated interest rate | 5.625% | |||
Interest rate description | three-month LIBOR plus 3.17% | |||
Debt Instrument, Call Date, Earliest | Jun. 25, 2025 | |||
Subordinated debentures [Member] | Junior subordinated debentures-acquired, 2003 issuance [Member] | ||||
Other borrowed funds, Other Disclosures [Abstract] | ||||
Amount of debt issuance | $ 21,000 | |||
Maturity date | Sep. 17, 2033 | |||
Interest rate description | three-month LIBOR plus 2.95% | |||
Subordinated debentures [Member] | Junior subordinated debentures-acquired, 2004 issuance [Member] | ||||
Other borrowed funds, Other Disclosures [Abstract] | ||||
Amount of debt issuance | $ 31,000 | |||
Maturity date | Jul. 23, 2034 | |||
Interest rate description | three-month LIBOR plus 2.60% | |||
Subordinated debentures [Member] | Junior subordinated debentures-acquired, 2005 issuance [Member] | ||||
Other borrowed funds, Other Disclosures [Abstract] | ||||
Amount of debt issuance | $ 20,000 | |||
Maturity date | Sep. 30, 2035 | |||
Interest rate description | three-month LIBOR plus 1.45% | |||
Subsidiaries [Member] | Funds purchased [Member] | ||||
Other borrowed funds, Other Disclosures [Abstract] | ||||
Number of days to maturity, minimum | 1 day | |||
Number of days to maturity, maximum | 90 days | |||
Subsidiaries [Member] | Repurchase agreements [Member] | ||||
Other borrowed funds, Other Disclosures [Abstract] | ||||
Number of days to maturity, maximum | 90 days | |||
Subsidiaries [Member] | Federal Home Loan Bank advances [Member] | ||||
Other borrowed funds, Other Disclosures [Abstract] | ||||
Federal Home Loan Banks, Letters of credit issued to secure public funds | $ 419,000 | |||
Unused credit available pursuant to the FHLB's collateral policies | 2,100,000 | |||
Subsidiaries [Member] | BOK Financial Securities, Inc. [Member] | Other [Member] | ||||
Other Borrowed Funds [Line Items] | ||||
Balance | $ 0 | $ 0 | ||
[1]Parent Company only. |
Federal and State Income Taxe_2
Federal and State Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deferred tax assets [Abstract] | |||
Available for sale securities mark to market | $ 255,244 | $ 0 | |
Credit loss reserves | 69,385 | 67,339 | |
Lease liability | 49,839 | 48,457 | |
Deferred compensation | 34,645 | 33,945 | |
Unearned fees | 12,915 | 11,368 | |
Purchased loan discount | 4,955 | 7,498 | |
Share-based compensation | 4,625 | 5,989 | |
Valuation adjustments | 5,792 | 1,883 | |
Other | 42,808 | 28,958 | |
Total deferred tax assets | 480,208 | 205,437 | |
Valuation Allowance [Abstract] | |||
Valuation allowance | 0 | 0 | |
Deferred tax liabilities [Abstract] | |||
Right-of-use asset | 40,741 | 41,291 | |
Mortgage servicing rights | 49,001 | 31,703 | |
Available for sale securities mark to market | 0 | 21,841 | |
Acquired identifiable intangible | 11,280 | 14,307 | |
Depreciation | 7,163 | 10,939 | |
Lease financing | 12,333 | 11,120 | |
Other | 38,357 | 39,698 | |
Total deferred tax liabilities | 158,875 | 170,899 | |
Net deferred tax assets, net | 321,333 | 34,538 | |
Current income tax expense [Abstract] | |||
Federal | 127,144 | 121,196 | $ 173,888 |
State | 18,185 | 21,065 | 29,889 |
Total current income tax expense | 145,329 | 142,261 | 203,777 |
Deferred income tax expense [Abstract] | |||
Federal | (4,700) | 29,777 | (65,989) |
State | (765) | 7,737 | (8,995) |
Total deferred income tax expense (benefit) | (5,465) | 37,514 | (74,984) |
Total income tax expense | 139,864 | 179,775 | 128,793 |
Effective Income Tax Rate Reconciliation, Amount [Abstract] | |||
Federal statutory tax | 138,633 | 167,181 | 118,412 |
Tax exempt revenue | (5,714) | (6,084) | (7,035) |
Effect of state income taxes, net of federal benefit | 13,490 | 22,489 | 14,251 |
Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments | (8,883) | (8,801) | (6,994) |
Other, net | 2,338 | 4,990 | 10,159 |
Total income tax expense | $ 139,864 | $ 179,775 | $ 128,793 |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | |||
Federal statutory tax (in thousandths) | 21% | 21% | 21% |
Tax exempt revenue (in thousandths) | (0.80%) | (0.70%) | (1.20%) |
Effect of state income taxes, net of federal benefit (in thousandths) | 2% | 2.80% | 2.50% |
Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments (in thousandths) | (1.40%) | (1.10%) | (1.20%) |
Other, net (in thousandths) | 0.40% | 0.60% | 1.70% |
Total (in thousandths) | 21.20% | 22.60% | 22.80% |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | |||
Balance as of January 1 | $ 21,092 | $ 22,902 | $ 20,465 |
Additions for tax for current year positions | 3,465 | 3,961 | 6,384 |
Settlements during the period | 0 | (1,754) | 0 |
Lapses of applicable statute of limitations | (4,974) | (4,017) | (3,947) |
Balance as of December 31 | 19,583 | 21,092 | 22,902 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 15,300 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | 1,800 | 2,300 | $ 2,400 |
Unrecognized Tax Benefits, Penalties and Interest Accrued | $ 6,000 | $ 6,400 | |
Unrecognized Tax Benefits, Number of Reporting Periods Open for Examination, Federal | 3 | ||
Unrecognized Tax Benefits, Number of Reporting Periods Open for Examination, State, Minimum | 3 | ||
Unrecognized Tax Benefits, Number of Reporting Periods Open for Examination, State, Maximum | 6 |
Employee Benefits (Details)
Employee Benefits (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
BOK Financial Pension Plan [Member] | Pension Plan [Member] | |||
BOK Financial Pension Plan [Abstract] | |||
Defined Benefit Plan, Plan Assets, Payment for Settlement | $ 15,500,000 | ||
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Assets Transferred to (from) Plan | $ (19,100,000) | ||
Defined Benefit Plan, Benefit Obligation | $ 20,000,000 | ||
Net periodic benefit credit | (2,200,000) | $ (1,300,000) | |
BOK Financial Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Pension Plan [Member] | |||
BOK Financial Pension Plan [Abstract] | |||
Defined Benefit Plan, Plan Assets, Amount | 39,000,000 | ||
BOK Financial 401(k) Plan [Member] | |||
BOK Financial 401(k) Plan [Abstract] | |||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 6% | ||
Defined Contribution Plan, Minimum Years of Service for Employees to Obtain Maximum Employer Matching | 4 years | ||
Defined Contribution Plan, Maximum Years of Service for Employees to Obtain Minimum Employer Matching | 15 years | ||
Defined Contribution Plan, Additional Annual Employer Matching Contribution, Percent | 5% | ||
Contributions Non-Elective Annual Contributions For Qualified Employees | $ 750 | ||
Defined Contribution Plan, Annual Base Employee Compensation to Qualify for Non-Elective Employer Contributions, Maximum | $ 40,000 | ||
Defined Contribution Plan, Vesting Period for Employer Contributions | 5 years | ||
Defined Contribution Plan, Cost | $ 31,700,000 | $ 30,500,000 | $ 29,900,000 |
BOK Financial 401(k) Plan [Member] | Minimum [Member] | |||
BOK Financial 401(k) Plan [Abstract] | |||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 50% | ||
BOK Financial 401(k) Plan [Member] | Maximum [Member] | |||
BOK Financial 401(k) Plan [Abstract] | |||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 200% |
Share-Based Compensation Plan_2
Share-Based Compensation Plans (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Restricted Stock [Member] | |||
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock, Nonvested, Number of Shares [Roll Forward] | |||
Non-vested shares awarded, beginning of period (in shares) | 489,554 | 420,234 | 427,178 |
Non-vested shares that were granted during the period (in shares) | 183,809 | 247,917 | 236,750 |
Non-vested shares that vested during period (in shares) | (139,859) | (166,965) | (225,527) |
Non-vested shares that forfeited during period (in shares) | (40,620) | (11,632) | (18,167) |
Non-vested shares awarded, end of period (in shares) | 492,884 | 489,554 | 420,234 |
Share-based Compensation Arrangements by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Weighted Average Grant Date Fair Value, Granted | $ 108.23 | $ 73.01 | $ 83.49 |
Weighted Average Grant Date Fair Value, Vested | 76.80 | 94.96 | 83.50 |
Weighted average grant date fair value non-vested share awards forfeited (in dollars per share) | $ 79.60 | $ 75.83 | $ 83.10 |
Share-based Compensation Costs, Including Costs That May Be Recognized As Future Expense [Abstract] | |||
Share-based Compensation Expense Recognized | $ 9,000 | $ 9,300 | $ 16,000 |
Unrecognized compensation cost of unvested awards, for future periods | 15,500 | ||
Unrecognized compensation cost of unvested awards, Amount to be expensed in 2023 | 8,800 | ||
Unrecognized compensation cost of unvested awards, Amount to be expensed in 2024 | 6,300 | ||
Unrecognized compensation cost of unvested awards, Amount to be expensed in 2025 | $ 386 | ||
Number of shares with required performance obligations | 58,098 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 15,000 | $ 13,000 | $ 19,500 |
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock, Nonvested, Number of Shares [Roll Forward] | |||
Non-vested shares awarded, beginning of period (in shares) | 87,239 | 69,669 | 46,689 |
Non-vested shares that were granted during the period (in shares) | 25,416 | 17,570 | 22,980 |
Non-vested shares that vested during period (in shares) | (61,645) | 0 | 0 |
Non-vested shares that forfeited during period (in shares) | 0 | 0 | 0 |
Non-vested shares awarded, end of period (in shares) | 51,010 | 87,239 | 69,669 |
Share-based Compensation Arrangements by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Weighted Average Grant Date Fair Value, Granted | $ 103.79 | $ 88.25 | $ 77.36 |
Weighted Average Grant Date Fair Value, Vested | 91.38 | 0 | 0 |
Weighted average grant date fair value non-vested share awards forfeited (in dollars per share) | $ 0 | $ 0 | |
Share-based Compensation Costs, Including Costs That May Be Recognized As Future Expense [Abstract] | |||
Share-based Compensation Expense Recognized | $ 597 | $ 4,000 | $ 2,200 |
Unrecognized compensation cost of unvested awards, for future periods | 932 | ||
Unrecognized compensation cost of unvested awards, Amount to be expensed in 2023 | 578 | ||
Unrecognized compensation cost of unvested awards, Amount to be expensed in 2024 | 342 | ||
Unrecognized compensation cost of unvested awards, Amount to be expensed in 2025 | $ 13 | ||
Number of shares with required performance obligations | 8,258 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested | $ 6,300 | $ 0 | $ 0 |
Related Parties Related Parti_2
Related Parties Related Parties (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Directors and Senior Management [Member] | ||||
Loans and Leases Receivable, Related Parties [Roll Forward] | ||||
Beginning balance | $ 95,219 | $ 92,940 | ||
Advances | 731,664 | 588,252 | ||
Payments | (770,808) | (583,040) | ||
Adjustments | [1] | (1,596) | (2,933) | |
Ending balance | 54,479 | 95,219 | $ 92,940 | |
Director [Member] | ||||
Loan Commitments and Equity Investments [Abstract] | ||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 10,700 | 10,400 | $ 10,000 | |
Executive Officer [Member] | ||||
Loan Commitments and Equity Investments [Abstract] | ||||
Percentage of investment funds' assets held by clients | 79% | |||
Assets Held in Cavanal Hill Funds | $ 3,900,000 | |||
Subsidiaries [Member] | BOKF, NA [Member] | Affiliated Entity [Member] | ||||
Loan Commitments and Equity Investments [Abstract] | ||||
Maximum percentage of unimpaired capital on loan commitments and equity investments to a single affiliate (in hundredths) | 10% | |||
Maximum percentage of unimpaired capital on loan commitments and equity investments to all affiliates (in hundredths) | 20% | |||
Maximum loan commitments and equity investments to a single affiliate | $ 448,000 | |||
Maximum loan commitments and equity investments to all affiliates | 896,000 | |||
Largest loan commitment and equity investment to a single affiliate | 284,000 | |||
Aggregate loan commitment and equity investment to all affiliates | 344,000 | 324,000 | ||
Outstanding amounts to all affiliates | 3,900 | $ 5,000 | ||
Largest amount outstanding to a single affiliate | $ 3,900 | |||
[1]Adjustments generally consist of changes in status as a related party. |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Details) | 1 Months Ended | 12 Months Ended | |
Jan. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) | |
Other Commitments [Abstract] | |||
The Net Asset Value of Units in Mutual Funds (per unit) | 1 | ||
Assets Purchased from Mutual Funds Managed | $ 0 | $ 0 | |
Minimum Average Cash Balance Required to be Maintained at Federal Reserve by Subsidiary Bank | 890,000,000 | $ 905,000,000 | |
Misuse of Revenues Pledged to Municipal Bonds [Member] | Judicial Ruling [Member] | |||
Litigation Settlement [Abstract] | |||
Disgorged fees | 1,067,721 | ||
Litigation Settlement, Expense | $ 600,000 | ||
Misuse of Revenues Pledged to Municipal Bonds [Member] | Pending Litigation [Member] | |||
Litigation Settlement [Abstract] | |||
Loss Contingency, Number of Plaintiffs | 2 | ||
Bank Participation in Fraudulent Sale of Securities by Principals [Member] | Pending Litigation [Member] | |||
Litigation Settlement [Abstract] | |||
Loss Contingency, Number of Plaintiffs | 19 | ||
Principal amount of entered judgment against the principal individual and his wife | $ 36,805,051 | ||
Pre-judgment interest amount of entered judgment against the principal individual and his wife | 10,937,831 | ||
Outstanding principal accrued interest and other amounts upon sale of facilities securing payment of the bonds | 25,000,000 | ||
Bank Breached Various Fiduciary Duties Acting in its Capacity as Trustee of a Trust that was a Co-general Partner of the Partnership | Settled Litigation | |||
Litigation Settlement [Abstract] | |||
Loss Contingency, Damages Sought, Value | $ 60,000,000 | ||
Bank Breached Various Fiduciary Duties Acting in its Capacity as Trustee of a Trust that was a Co-general Partner of the Partnership | Settled Litigation | Subsequent Event | |||
Litigation Settlement [Abstract] | |||
Cost to BOKF, NA in excess of the cost of defense | $ 0 | ||
Visa Membership [Member] | |||
Loss Contingencies [Line Items] | |||
Number of Visa Class B Shares Owned by Entity (in shares) | shares | 252,533 | ||
Number of Visa Class A Shares Visa Class B Shares Are Convertible To (in shares) | shares | 403,826 |
Commitments and Contingent Li_3
Commitments and Contingent Liabilities Variable Interest Entities (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Other Assets [Member] | ||
Variable Interest Entity [Line Items] | ||
Amortization Method Qualified Affordable Housing Project Investments | $ 390 | $ 352 |
Other Liabilities [Member] | ||
Variable Interest Entity [Line Items] | ||
Qualified Affordable Housing Project Investments, Commitment | $ 81 | $ 106 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Numerator: [Abstract]: | |||
Net income attributable to BOK Financial Corp. shareholders | $ 520,273 | $ 618,121 | $ 435,030 |
Less: Earnings allocated to participating securities | 3,803 | 4,299 | 2,612 |
Numerator for basic earnings per share - income available to common shareholders | 516,470 | 613,822 | 432,418 |
Effect of reallocating undistributed earnings of participating securities | 0 | 0 | 0 |
Numerator for diluted earnings per share - income available to common shareholders | $ 516,470 | $ 613,822 | $ 432,418 |
Denominator: [Abstract] | |||
Weighted average shares outstanding | 67,706,014 | 69,071,511 | 70,259,553 |
Less: Participating securities included in weighted average shares outstanding (in shares) | 493,286 | 479,591 | 418,576 |
Denominator for basic earnings per common share (in shares) | 67,212,728 | 68,591,920 | 69,840,977 |
Dilutive effect of employee stock compensation plans (in shares) | 7 | 2,402 | 3,195 |
Denominator for diluted earnings per common share (in shares) | 67,212,735 | 68,594,322 | 69,844,172 |
Basic (in dollars per share) | $ 7.68 | $ 8.95 | $ 6.19 |
Diluted earnings per share (per share) | $ 7.68 | $ 8.95 | $ 6.19 |
Shareholders' Equity (Details)
Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Common Stock [Abstract] | |||
Common stock, shares authorized (in shares) | 2,500,000,000 | 2,500,000,000 | |
Common stock, par value (in dollars per share) | $ 0.00006 | $ 0.00006 | |
Perpetual preferred stock [Member] | |||
Preferred Stock [Abstract] | |||
Preferred stock, authorized (in shares) | 1,000,000,000 | ||
Preferred stock at par value (in dollars per share) | $ 0.00005 | ||
Preferred stock conversion rate | one share of Common Stock for each 36 shares of Series A Preferred Stock at the option of the holder | ||
Preferred stock, Rate of annual cumulative dividends (in hundredths) | 10% | ||
Preferred stock, Liquidation preference per share | $ 0.06 | ||
Preferred stock, Aggregate liquidation preference | $ 15 | ||
Preferred Stock, Shares Outstanding | 0 | 0 | 0 |
Common Stock [Member] | |||
Common Stock [Abstract] | |||
Common stock, shares authorized (in shares) | 2,500,000,000 | ||
Common stock, par value (in dollars per share) | $ 0.00006 | ||
Common stock, number of vote per share | $ 1 |
Shareholders' Equity Regulatory
Shareholders' Equity Regulatory Capital (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Common Equity Tier 1 Capital [Abstract] | ||
Minimum Capital Requirements, Common Equity Tier 1 to Risk Weighted Assets | 4.50% | 4.50% |
Capital Conservation Buffer, Common Equity Tier 1 to Risk Weighted Assets | 2.50% | 2.50% |
Minimum Capital Requirement Including Capital Conservation Buffer, Common Equity Tier 1 to Risk Weighted Assets | 7% | 7% |
Common Equity Tier 1 Capital | $ 4,460,054 | $ 4,230,626 |
Common Equity Tier 1 Capital to Risk Weighted Assets | 0.1169 | 0.1224 |
Tier I Capital (to Risk Weighted Assets) [Abstract] | ||
Minimum Capital Requirement, Tier 1 Capital to Risk Weighted Assets | 0.0600 | 0.0600 |
Capital Conservation Buffer, Tier 1 Capital to Risk Weighted Assets | 2.50% | 2.50% |
Minimum Capital Requirement Including Capital Conservation Buffer, Tier One to Risk Weighted Assets | 8.50% | 8.50% |
Tier 1 Capital | $ 4,464,763 | $ 4,235,265 |
Tier 1 Capital to Risk Weighted Assets | 0.1171 | 0.1225 |
Total Capital (to Risk Weighted Assets) [Abstract] | ||
Minimum Capital Requirement, Total Capital to Risk Weighted Assets | 0.0800 | 0.0800 |
Capital Conservation Buffer, Total Capital to Risk Weighted Assets | 2.50% | 2.50% |
Minimum Capital Requirement Including Capital Conservation Buffer, Total Capital to Risk Weighted Assets | 10.50% | 10.50% |
Total Capital | $ 4,830,826 | $ 4,594,787 |
Total Capital to Risk Weighted Assets | 0.1267 | 0.1329 |
Tier 1 Capital (to Average Assets) [Abstract] | ||
Minimum Capital Requirement, Tier 1 Capital to Average Assets | 0.0400 | 0.0400 |
Minimum Capital Requirements Including Capital Conservation Buffer, Tier 1 Capital to Average Assets | 4% | 4% |
Tier 1 Leverage Capital | $ 4,464,763 | $ 4,235,265 |
Tier 1 Capital to Average Assets | 0.0991 | 0.0855 |
Subsidiaries [Member] | BOKF, NA [Member] | ||
Common Equity Tier 1 Capital [Abstract] | ||
Common Equity Tier 1 Capital Ratio Required to be Well Capitalized | 6.50% | 6.50% |
Minimum Capital Requirements, Common Equity Tier 1 to Risk Weighted Assets | 4.50% | 4.50% |
Minimum Capital Requirement Including Capital Conservation Buffer, Common Equity Tier 1 to Risk Weighted Assets | 4.50% | 4.50% |
Common Equity Tier 1 Capital | $ 4,176,978 | $ 3,869,454 |
Common Equity Tier 1 Capital to Risk Weighted Assets | 0.1105 | 0.1127 |
Tier I Capital (to Risk Weighted Assets) [Abstract] | ||
Tier I Capital Ratio Required to be Well Capitalized | 0.0800 | 0.0800 |
Minimum Capital Requirement, Tier 1 Capital to Risk Weighted Assets | 0.0600 | 0.0600 |
Minimum Capital Requirement Including Capital Conservation Buffer, Tier One to Risk Weighted Assets | 6% | 6% |
Tier 1 Capital | $ 4,178,531 | $ 3,871,457 |
Tier 1 Capital to Risk Weighted Assets | 0.1106 | 0.1128 |
Total Capital (to Risk Weighted Assets) [Abstract] | ||
Total Capital Ratio Required to be Well Capitalized | 0.1000 | 0.1000 |
Minimum Capital Requirement, Total Capital to Risk Weighted Assets | 0.0800 | 0.0800 |
Minimum Capital Requirement Including Capital Conservation Buffer, Total Capital to Risk Weighted Assets | 8% | 8% |
Total Capital | $ 4,478,559 | $ 4,164,940 |
Total Capital to Risk Weighted Assets | 0.1185 | 0.1213 |
Tier 1 Capital (to Average Assets) [Abstract] | ||
Leverage Ratio Required to be Well Capitalized | 0.0500 | 0.0500 |
Minimum Capital Requirement, Tier 1 Capital to Average Assets | 0.0400 | 0.0400 |
Minimum Capital Requirements Including Capital Conservation Buffer, Tier 1 Capital to Average Assets | 4% | 4% |
Tier 1 Leverage Capital | $ 4,178,531 | $ 3,871,457 |
Tier 1 Capital to Average Assets | 0.0931 | 0.0784 |
Shareholders' Equity Accumulate
Shareholders' Equity Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balance | $ 72,371 | $ 335,868 | $ 104,923 |
Net change in unrealized gain (loss) | (1,227,414) | (341,369) | 313,796 |
Transfer of net unrealized loss from AFS to investment securities | 0 | ||
Reclassification adjustments included in earnings: [Abstract] | |||
Interest revenue, Investment securities | 42,514 | 0 | 0 |
Operating expense, Personnel | (3,483) | 0 | 0 |
Loss (gain) on available for sale securities, net | 971 | (3,704) | (9,910) |
Other comprehensive income (loss), before income taxes | (1,187,412) | (345,073) | 303,886 |
Federal and state income taxes | (278,086) | (81,576) | 72,941 |
Other comprehensive income (loss), net of income taxes | (909,326) | (263,497) | 230,945 |
Ending balance | (836,955) | 72,371 | 335,868 |
Unrealized Gain (Loss) on Available for Sale Securities [Member] | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balance | 69,775 | 335,032 | 104,996 |
Net change in unrealized gain (loss) | (1,227,414) | (343,730) | 312,576 |
Transfer of net unrealized loss from AFS to investment securities | 267,509 | ||
Reclassification adjustments included in earnings: [Abstract] | |||
Interest revenue, Investment securities | 0 | ||
Operating expense, Personnel | 0 | ||
Loss (gain) on available for sale securities, net | 971 | (3,704) | (9,910) |
Other comprehensive income (loss), before income taxes | (958,934) | (347,434) | 302,666 |
Federal and state income taxes | (224,541) | (82,177) | 72,630 |
Other comprehensive income (loss), net of income taxes | (734,393) | (265,257) | 230,036 |
Ending balance | (664,618) | 69,775 | 335,032 |
Accumulated Unrealized Gain/Loss on Investment Securities Transferred from AFS | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balance | 0 | 0 | 0 |
Net change in unrealized gain (loss) | 0 | 0 | 0 |
Transfer of net unrealized loss from AFS to investment securities | (267,509) | ||
Reclassification adjustments included in earnings: [Abstract] | |||
Interest revenue, Investment securities | 42,514 | ||
Operating expense, Personnel | 0 | ||
Loss (gain) on available for sale securities, net | 0 | 0 | 0 |
Other comprehensive income (loss), before income taxes | (224,995) | 0 | 0 |
Federal and state income taxes | (52,658) | 0 | 0 |
Other comprehensive income (loss), net of income taxes | (172,337) | 0 | 0 |
Ending balance | (172,337) | 0 | 0 |
Unrealized Gain (Loss) on Employee Benefit Plans [Member] | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balance | 2,596 | 836 | (73) |
Net change in unrealized gain (loss) | 0 | 2,361 | 1,220 |
Transfer of net unrealized loss from AFS to investment securities | 0 | ||
Reclassification adjustments included in earnings: [Abstract] | |||
Interest revenue, Investment securities | 0 | ||
Operating expense, Personnel | (3,483) | ||
Loss (gain) on available for sale securities, net | 0 | 0 | 0 |
Other comprehensive income (loss), before income taxes | (3,483) | 2,361 | 1,220 |
Federal and state income taxes | (887) | 601 | 311 |
Other comprehensive income (loss), net of income taxes | (2,596) | 1,760 | 909 |
Ending balance | $ 0 | $ 2,596 | $ 836 |
Reportable Segments (Details)
Reportable Segments (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Net interest and dividend revenue from external sources | $ 1,211,380 | $ 1,118,033 | $ 1,108,444 |
Net interest revenue (expense) from internal sources | 0 | 0 | 0 |
Net interest and dividend revenue | 1,211,380 | 1,118,033 | 1,108,444 |
Provision for credit losses | 30,000 | (100,000) | 222,592 |
Net interest and dividend revenue after provision for credit losses | 1,181,380 | 1,218,033 | 885,852 |
Other operating revenue | 643,257 | 755,775 | 842,320 |
Other operating expense | 1,164,480 | 1,177,708 | 1,164,308 |
Net direct contribution | 660,157 | 796,100 | 563,864 |
Gain (loss) on financial instruments, net | 0 | 0 | 0 |
Change in fair value of mortgage servicing rights | 0 | 0 | 0 |
Gain (loss) on repossessed assets, net | 0 | 0 | 0 |
Corporate expense allocations | 0 | 0 | 0 |
Net income before taxes | 660,157 | 796,100 | 563,864 |
Federal and state income taxes | 139,864 | 179,775 | 128,793 |
Net income | 520,293 | 616,325 | 435,071 |
Net income (loss) attributable to Non-controlling interests | 20 | (1,796) | 41 |
Net income attributable to BOK Financial Corp. shareholders | 520,273 | 618,121 | 435,030 |
Average assets | 47,024,636 | 50,151,703 | 48,704,390 |
Operating Segments [Member] | Commercial [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest and dividend revenue from external sources | 818,213 | 606,902 | 714,932 |
Net interest revenue (expense) from internal sources | (73,764) | (71,167) | (126,444) |
Net interest and dividend revenue | 744,449 | 535,735 | 588,488 |
Provision for credit losses | 17,726 | 31,128 | 69,475 |
Net interest and dividend revenue after provision for credit losses | 726,723 | 504,607 | 519,013 |
Other operating revenue | 241,594 | 262,402 | 187,361 |
Other operating expense | 290,717 | 281,089 | 258,903 |
Net direct contribution | 677,600 | 485,920 | 447,471 |
Gain (loss) on financial instruments, net | 1 | 154 | 193 |
Change in fair value of mortgage servicing rights | 0 | 0 | 0 |
Gain (loss) on repossessed assets, net | (1,903) | 13,001 | (2,677) |
Corporate expense allocations | 67,337 | 49,941 | 24,862 |
Net income before taxes | 608,361 | 449,134 | 420,125 |
Federal and state income taxes | 148,000 | 120,618 | 114,120 |
Net income | 460,361 | 328,516 | 306,005 |
Net income (loss) attributable to Non-controlling interests | 0 | 0 | 0 |
Net income attributable to BOK Financial Corp. shareholders | 460,361 | 328,516 | 306,005 |
Average assets | 29,084,957 | 28,536,881 | 26,994,075 |
Operating Segments [Member] | Consumer [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest and dividend revenue from external sources | 69,646 | 67,856 | 78,004 |
Net interest revenue (expense) from internal sources | 88,603 | 35,671 | 69,000 |
Net interest and dividend revenue | 158,249 | 103,527 | 147,004 |
Provision for credit losses | 5,260 | 4,009 | 2,805 |
Net interest and dividend revenue after provision for credit losses | 152,989 | 99,518 | 144,199 |
Other operating revenue | 121,819 | 173,341 | 243,719 |
Other operating expense | 209,210 | 209,596 | 230,402 |
Net direct contribution | 65,598 | 63,263 | 157,516 |
Gain (loss) on financial instruments, net | (93,346) | (21,871) | 95,344 |
Change in fair value of mortgage servicing rights | 80,261 | 41,637 | (79,524) |
Gain (loss) on repossessed assets, net | 139 | 85 | 276 |
Corporate expense allocations | 44,965 | 46,010 | 42,155 |
Net income before taxes | 7,687 | 37,104 | 131,457 |
Federal and state income taxes | 1,798 | 9,461 | 33,483 |
Net income | 5,889 | 27,643 | 97,974 |
Net income (loss) attributable to Non-controlling interests | 0 | 0 | 0 |
Net income attributable to BOK Financial Corp. shareholders | 5,889 | 27,643 | 97,974 |
Average assets | 10,230,437 | 10,029,687 | 9,842,114 |
Operating Segments [Member] | Wealth Management [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest and dividend revenue from external sources | 155,974 | 214,458 | 130,818 |
Net interest revenue (expense) from internal sources | 5,623 | (386) | (13,528) |
Net interest and dividend revenue | 161,597 | 214,072 | 117,290 |
Provision for credit losses | (175) | (223) | (209) |
Net interest and dividend revenue after provision for credit losses | 161,772 | 214,295 | 117,499 |
Other operating revenue | 339,501 | 298,962 | 398,834 |
Other operating expense | 312,177 | 320,726 | 326,016 |
Net direct contribution | 189,096 | 192,531 | 190,317 |
Gain (loss) on financial instruments, net | 4 | 0 | 4 |
Change in fair value of mortgage servicing rights | 0 | 0 | 0 |
Gain (loss) on repossessed assets, net | 0 | 0 | 0 |
Corporate expense allocations | 50,241 | 40,341 | 35,359 |
Net income before taxes | 138,859 | 152,190 | 154,962 |
Federal and state income taxes | 32,686 | 38,944 | 39,660 |
Net income | 106,173 | 113,246 | 115,302 |
Net income (loss) attributable to Non-controlling interests | 0 | 0 | 0 |
Net income attributable to BOK Financial Corp. shareholders | 106,173 | 113,246 | 115,302 |
Average assets | 16,209,684 | 19,425,475 | 15,695,646 |
Funds Management and Other [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest and dividend revenue from external sources | 167,547 | 228,817 | 184,690 |
Net interest revenue (expense) from internal sources | (20,462) | 35,882 | 70,972 |
Net interest and dividend revenue | 147,085 | 264,699 | 255,662 |
Provision for credit losses | 7,189 | (134,914) | 150,521 |
Net interest and dividend revenue after provision for credit losses | 139,896 | 399,613 | 105,141 |
Other operating revenue | (59,657) | 21,070 | 12,406 |
Other operating expense | 352,376 | 366,297 | 348,987 |
Net direct contribution | (272,137) | 54,386 | (231,440) |
Gain (loss) on financial instruments, net | 93,341 | 21,717 | (95,541) |
Change in fair value of mortgage servicing rights | (80,261) | (41,637) | 79,524 |
Gain (loss) on repossessed assets, net | 1,764 | (13,086) | 2,401 |
Corporate expense allocations | (162,543) | (136,292) | (102,376) |
Net income before taxes | (94,750) | 157,672 | (142,680) |
Federal and state income taxes | (42,620) | 10,752 | (58,470) |
Net income | (52,130) | 146,920 | (84,210) |
Net income (loss) attributable to Non-controlling interests | 20 | (1,796) | 41 |
Net income attributable to BOK Financial Corp. shareholders | (52,150) | 148,716 | (84,251) |
Average assets | $ (8,500,442) | $ (7,840,340) | $ (3,827,445) |
Fees and Commission Revenue F_2
Fees and Commission Revenue Fees and Commissions (Details) - USD ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | $ 657,213 | $ 668,309 | $ 810,320 | |||
Fees and commissions revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 657,213 | 668,309 | 810,320 | |||
Fees and commissions revenue not from contracts with customers | 164,987 | [1] | 224,544 | [2] | 397,030 | [3] |
Fees and commissions revenue from contracts with customers | 492,226 | [4] | 443,765 | [5] | 413,290 | [6] |
Brokerage and trading revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 140,978 | 112,989 | 221,833 | |||
Fees and commissions revenue not from contracts with customers | 89,778 | [1] | 64,299 | [2] | 175,578 | [3] |
Fees and commissions revenue from contracts with customers | 51,200 | [4] | 48,690 | [5] | 46,255 | [6] |
Trading Revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 20,332 | 27,595 | 144,299 | |||
Fees and commissions revenue not from contracts with customers | 20,332 | [1] | 27,595 | [2] | 144,299 | [3] |
Fees and commissions revenue from contracts with customers | 0 | [4] | 0 | [5] | 0 | [6] |
Customer hedging revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 45,716 | 20,432 | 22,749 | |||
Fees and commissions revenue not from contracts with customers | 45,716 | [1] | 20,432 | [2] | 22,749 | [3] |
Fees and commissions revenue from contracts with customers | 0 | [4] | 0 | [5] | 0 | [6] |
Retail brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 16,403 | 18,762 | 15,690 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 16,403 | [4] | 18,762 | [5] | 15,690 | [6] |
Insurance brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 12,879 | 11,765 | 12,702 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 12,879 | [4] | 11,765 | [5] | 12,702 | [6] |
Investment banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 45,648 | 34,435 | 26,393 | |||
Fees and commissions revenue not from contracts with customers | 23,730 | [1] | 16,272 | [2] | 8,530 | [3] |
Fees and commissions revenue from contracts with customers | 21,918 | [4] | 18,163 | [5] | 17,863 | [6] |
Transaction card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 104,266 | 96,983 | 90,182 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 104,266 | [4] | 96,983 | [5] | 90,182 | [6] |
TransFund EFT network revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 84,590 | 80,133 | 78,370 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 84,590 | [4] | 80,133 | [5] | 78,370 | [6] |
Merchant services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 12,434 | 11,861 | 9,232 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 12,434 | [4] | 11,861 | [5] | 9,232 | [6] |
Corporate card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 7,242 | 4,989 | 2,580 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 7,242 | [4] | 4,989 | [5] | 2,580 | [6] |
Fiduciary and asset management revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 196,326 | 178,274 | 167,445 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 196,326 | [4] | 178,274 | [5] | 167,445 | [6] |
Personal trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 99,075 | 97,582 | 84,759 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 99,075 | [4] | 97,582 | [5] | 84,759 | [6] |
Corporate trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 23,775 | 14,805 | 19,308 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 23,775 | [4] | 14,805 | [5] | 19,308 | [6] |
Institutional trust & retirement plan services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 50,404 | 50,765 | 46,253 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 50,404 | [4] | 50,765 | [5] | 46,253 | [6] |
Investment management services and other [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 23,072 | 15,122 | 17,125 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 23,072 | [4] | 15,122 | [5] | 17,125 | [6] |
Deposit service charges and fees [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 110,636 | 104,217 | 96,805 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 110,636 | [4] | 104,217 | [5] | 96,805 | [6] |
Commercial account service charge revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 56,628 | 54,360 | 48,421 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 56,628 | [4] | 54,360 | [5] | 48,421 | [6] |
Overdraft fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 25,426 | 21,622 | 21,892 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 25,426 | [4] | 21,622 | [5] | 21,892 | [6] |
Check card fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 23,312 | 23,714 | 21,355 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 23,312 | [4] | 23,714 | [5] | 21,355 | [6] |
Automated service charge and other deposit fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 5,270 | 4,521 | 5,137 | |||
Fees and commissions revenue not from contracts with customers | 0 | [1] | 0 | [2] | 0 | [3] |
Fees and commissions revenue from contracts with customers | 5,270 | [4] | 4,521 | [5] | 5,137 | [6] |
Mortgage banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 49,365 | 105,896 | 182,360 | |||
Fees and commissions revenue not from contracts with customers | 49,365 | [1] | 105,896 | [2] | 182,360 | [3] |
Fees and commissions revenue from contracts with customers | 0 | [4] | 0 | [5] | 0 | [6] |
Mortgage production revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (1,838) | 60,712 | 125,848 | |||
Fees and commissions revenue not from contracts with customers | (1,838) | [1] | 60,712 | [2] | 125,848 | [3] |
Fees and commissions revenue from contracts with customers | 0 | [4] | 0 | [5] | 0 | [6] |
Mortgage servicing revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 51,203 | 45,184 | 56,512 | |||
Fees and commissions revenue not from contracts with customers | 51,203 | [1] | 45,184 | [2] | 56,512 | [3] |
Fees and commissions revenue from contracts with customers | 0 | [4] | 0 | [5] | 0 | [6] |
Other revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 55,642 | 69,950 | 51,695 | |||
Fees and commissions revenue not from contracts with customers | 25,844 | [1] | 54,349 | [2] | 39,092 | [3] |
Fees and commissions revenue from contracts with customers | 29,798 | [4] | 15,601 | [5] | 12,603 | [6] |
Operating Segments [Member] | Commercial [Member] | Fees and commissions revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 233,873 | 227,081 | 187,119 | |||
Operating Segments [Member] | Commercial [Member] | Brokerage and trading revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 59,724 | 42,553 | 31,950 | |||
Operating Segments [Member] | Commercial [Member] | Trading Revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Customer hedging revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 34,676 | 23,424 | 22,767 | |||
Operating Segments [Member] | Commercial [Member] | Retail brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Insurance brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Investment banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 25,048 | 19,129 | 9,183 | |||
Operating Segments [Member] | Commercial [Member] | Transaction card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 99,934 | 92,911 | 86,897 | |||
Operating Segments [Member] | Commercial [Member] | TransFund EFT network revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 81,097 | 76,603 | 75,363 | |||
Operating Segments [Member] | Commercial [Member] | Merchant services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 12,397 | 11,806 | 9,172 | |||
Operating Segments [Member] | Commercial [Member] | Corporate card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 6,440 | 4,502 | 2,362 | |||
Operating Segments [Member] | Commercial [Member] | Fiduciary and asset management revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Personal trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Corporate trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Investment management services and other [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Deposit service charges and fees [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 53,450 | 50,411 | 44,932 | |||
Operating Segments [Member] | Commercial [Member] | Commercial account service charge revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 52,779 | 50,213 | 44,489 | |||
Operating Segments [Member] | Commercial [Member] | Overdraft fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 115 | 104 | 132 | |||
Operating Segments [Member] | Commercial [Member] | Check card fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 556 | 94 | 311 | |||
Operating Segments [Member] | Commercial [Member] | Mortgage banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Mortgage production revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Mortgage servicing revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Commercial [Member] | Other revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 20,765 | 41,206 | 23,340 | |||
Operating Segments [Member] | Consumer [Member] | Fees and commissions revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 121,926 | 173,364 | 245,554 | |||
Operating Segments [Member] | Consumer [Member] | Brokerage and trading revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Trading Revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Customer hedging revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Retail brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Insurance brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Investment banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Transaction card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 3,597 | 3,646 | 3,118 | |||
Operating Segments [Member] | Consumer [Member] | TransFund EFT network revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 3,560 | 3,591 | 3,058 | |||
Operating Segments [Member] | Consumer [Member] | Merchant services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 37 | 55 | 60 | |||
Operating Segments [Member] | Consumer [Member] | Corporate card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Fiduciary and asset management revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Personal trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Corporate trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Investment management services and other [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Consumer [Member] | Deposit service charges and fees [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 55,037 | 51,314 | 49,437 | |||
Operating Segments [Member] | Consumer [Member] | Commercial account service charge revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 1,884 | 1,821 | 1,654 | |||
Operating Segments [Member] | Consumer [Member] | Overdraft fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 25,229 | 21,439 | 21,679 | |||
Operating Segments [Member] | Consumer [Member] | Check card fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 23,312 | 23,714 | 21,355 | |||
Operating Segments [Member] | Consumer [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 4,612 | 4,340 | 4,749 | |||
Operating Segments [Member] | Consumer [Member] | Mortgage banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 51,398 | 107,767 | 184,097 | |||
Operating Segments [Member] | Consumer [Member] | Mortgage production revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (1,838) | 60,712 | 125,848 | |||
Operating Segments [Member] | Consumer [Member] | Mortgage servicing revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 53,236 | 47,055 | 58,249 | |||
Operating Segments [Member] | Consumer [Member] | Other revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 11,894 | 10,637 | 8,902 | |||
Operating Segments [Member] | Wealth Management [Member] | Fees and commissions revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 339,538 | 298,765 | 399,229 | |||
Operating Segments [Member] | Wealth Management [Member] | Brokerage and trading revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 71,267 | 75,164 | 190,477 | |||
Operating Segments [Member] | Wealth Management [Member] | Trading Revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 20,332 | 27,595 | 144,299 | |||
Operating Segments [Member] | Wealth Management [Member] | Customer hedging revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 1,053 | 300 | 395 | |||
Operating Segments [Member] | Wealth Management [Member] | Retail brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 16,403 | 18,762 | 15,690 | |||
Operating Segments [Member] | Wealth Management [Member] | Insurance brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 12,879 | 11,765 | 12,702 | |||
Operating Segments [Member] | Wealth Management [Member] | Investment banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 20,600 | 16,742 | 17,391 | |||
Operating Segments [Member] | Wealth Management [Member] | Transaction card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 337 | 102 | 19 | |||
Operating Segments [Member] | Wealth Management [Member] | TransFund EFT network revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (73) | (67) | (56) | |||
Operating Segments [Member] | Wealth Management [Member] | Merchant services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Wealth Management [Member] | Corporate card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 410 | 169 | 75 | |||
Operating Segments [Member] | Wealth Management [Member] | Fiduciary and asset management revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 196,496 | 178,452 | 167,610 | |||
Operating Segments [Member] | Wealth Management [Member] | Personal trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 99,075 | 97,582 | 84,759 | |||
Operating Segments [Member] | Wealth Management [Member] | Corporate trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 23,775 | 14,805 | 19,308 | |||
Operating Segments [Member] | Wealth Management [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 50,404 | 50,765 | 46,253 | |||
Operating Segments [Member] | Wealth Management [Member] | Investment management services and other [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 23,242 | 15,300 | 17,290 | |||
Operating Segments [Member] | Wealth Management [Member] | Deposit service charges and fees [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 2,144 | 2,483 | 2,430 | |||
Operating Segments [Member] | Wealth Management [Member] | Commercial account service charge revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 1,965 | 2,326 | 2,282 | |||
Operating Segments [Member] | Wealth Management [Member] | Overdraft fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 77 | 70 | 74 | |||
Operating Segments [Member] | Wealth Management [Member] | Check card fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Wealth Management [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 102 | 87 | 74 | |||
Operating Segments [Member] | Wealth Management [Member] | Mortgage banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Wealth Management [Member] | Mortgage production revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Wealth Management [Member] | Mortgage servicing revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Operating Segments [Member] | Wealth Management [Member] | Other revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 69,294 | 42,564 | 38,693 | |||
Funds Management and Other [Member] | Fees and commissions revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (38,124) | (30,901) | (21,582) | |||
Funds Management and Other [Member] | Brokerage and trading revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 9,987 | (4,728) | (594) | |||
Funds Management and Other [Member] | Trading Revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Customer hedging revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 9,987 | (3,292) | (413) | |||
Funds Management and Other [Member] | Retail brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Insurance brokerage revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Investment banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | (1,436) | (181) | |||
Funds Management and Other [Member] | Transaction card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 398 | 324 | 148 | |||
Funds Management and Other [Member] | TransFund EFT network revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 6 | 6 | 5 | |||
Funds Management and Other [Member] | Merchant services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Corporate card revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 392 | 318 | 143 | |||
Funds Management and Other [Member] | Fiduciary and asset management revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (170) | (178) | (165) | |||
Funds Management and Other [Member] | Personal trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Corporate trust revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Investment management services and other [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (170) | (178) | (165) | |||
Funds Management and Other [Member] | Deposit service charges and fees [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 5 | 9 | 6 | |||
Funds Management and Other [Member] | Commercial account service charge revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | (4) | |||
Funds Management and Other [Member] | Overdraft fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 5 | 9 | 7 | |||
Funds Management and Other [Member] | Check card fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 3 | |||
Funds Management and Other [Member] | Mortgage banking revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (2,033) | (1,871) | (1,737) | |||
Funds Management and Other [Member] | Mortgage production revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | 0 | 0 | 0 | |||
Funds Management and Other [Member] | Mortgage servicing revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | (2,033) | (1,871) | (1,737) | |||
Funds Management and Other [Member] | Other revenue [Member] | ||||||
Disaggregation of Revenue [Line Items] | ||||||
Fess and commissions revenue | $ (46,311) | $ (24,457) | $ (19,240) | |||
[1]Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.[2]Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.[3]Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.[4]In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.[5]In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.[6]In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. |
Fair Value Measurements, Fair V
Fair Value Measurements, Fair Value Of Financial Instruments as Measured On a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Assets [Abstract] | ||||||
Trading securities | $ 4,464,161 | $ 9,136,813 | ||||
Available for sale securities | 11,493,860 | 13,157,817 | ||||
Fair value option securities | 296,590 | 43,770 | ||||
Mortgage servicing rights | 277,608 | 163,198 | $ 101,172 | $ 201,886 | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 880,343 | 1,097,297 | ||||
Liabilities [Abstract] | ||||||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 554,900 | 275,625 | ||||
U.S. government securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 9,823 | 23,610 | ||||
Residential agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,406,848 | 9,068,900 | ||||
Available for sale securities | 5,814,496 | 8,006,616 | ||||
Fair value option securities | 296,590 | 43,770 | ||||
Municipal securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 21,484 | 25,783 | ||||
Available for sale securities | 624,500 | 508,365 | ||||
U.S. Treasury [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 898 | 1,000 | ||||
Residential non-agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 577,576 | 24,339 | ||||
Commercial agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 4,475,917 | 4,617,025 | ||||
Other debt securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 26,006 | 18,520 | ||||
Available for sale securities | 473 | 472 | ||||
Fair Value, Recurring [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,464,161 | 9,136,813 | ||||
Available for sale securities | 11,493,860 | 13,157,817 | ||||
Residential mortgage loans held for sale | 75,272 | [1] | 192,295 | [2] | ||
Mortgage servicing rights | 277,608 | [3] | 163,198 | [4] | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 880,343 | [5] | 1,097,297 | [6] | ||
Liabilities [Abstract] | ||||||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 554,900 | [5] | 275,625 | [6] | ||
Fair Value, Recurring [Member] | U.S. government securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 9,823 | 23,610 | ||||
Fair Value, Recurring [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,406,848 | 9,068,900 | ||||
Available for sale securities | 5,814,496 | 8,006,616 | ||||
Fair value option securities | 296,590 | 43,770 | ||||
Fair Value, Recurring [Member] | Municipal securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 21,484 | 25,783 | ||||
Available for sale securities | 624,500 | 508,365 | ||||
Fair Value, Recurring [Member] | U.S. Treasury [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 898 | 1,000 | ||||
Fair Value, Recurring [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 577,576 | 24,339 | ||||
Fair Value, Recurring [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 4,475,917 | 4,617,025 | ||||
Fair Value, Recurring [Member] | Other debt securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 473 | 472 | ||||
Fair Value, Recurring [Member] | Other trading securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 26,006 | 18,520 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,970 | 4,999 | ||||
Available for sale securities | 898 | 1,000 | ||||
Residential mortgage loans held for sale | 0 | [1] | 0 | [2] | ||
Mortgage servicing rights | 0 | [3] | 0 | [4] | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 2,110 | [5] | 8,331 | [6] | ||
Liabilities [Abstract] | ||||||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 16 | [5] | 0 | [6] | ||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. government securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,970 | 4,999 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Treasury [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 898 | 1,000 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other debt securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other trading securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,459,191 | 9,131,814 | ||||
Available for sale securities | 11,492,489 | 13,156,345 | ||||
Residential mortgage loans held for sale | 68,054 | [1] | 185,969 | [2] | ||
Mortgage servicing rights | 0 | [3] | 0 | [4] | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 878,233 | [5] | 1,088,966 | [6] | ||
Liabilities [Abstract] | ||||||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 554,884 | [5] | 275,625 | [6] | ||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. government securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,853 | 18,611 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 4,406,848 | 9,068,900 | ||||
Available for sale securities | 5,814,496 | 8,006,616 | ||||
Fair value option securities | 296,590 | 43,770 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 21,484 | 25,783 | ||||
Available for sale securities | 624,500 | 508,365 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Treasury [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 577,576 | 24,339 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 4,475,917 | 4,617,025 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other debt securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other trading securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 26,006 | 18,520 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 473 | 472 | ||||
Residential mortgage loans held for sale | 7,218 | [1] | 6,326 | [2] | ||
Mortgage servicing rights | 277,608 | [3] | 163,198 | [4] | ||
Derivative contracts, net of cash margin, Assets, Fair Value | $ 0 | [5] | $ 0 | [6] | ||
Liquidity Discount on Mortgage Loans Qualifying for Sale to US Govt Agencies | 77.55% | 95.07% | ||||
Liabilities [Abstract] | ||||||
Derivative contracts, net of cash margin, Liabilities, Fair Value | $ 0 | [5] | $ 0 | [6] | ||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. government securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Treasury [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other debt securities [Member] | ||||||
Assets [Abstract] | ||||||
Available for sale securities | 473 | 472 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other trading securities [Member] | ||||||
Assets [Abstract] | ||||||
Trading securities | $ 0 | $ 0 | ||||
[1]Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.55% of the unpaid principal balance.[2]Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 95.07% of the unpaid principal balance.[3]A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities.[4]A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities.[5]See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes.[6]See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded interest rate derivative contracts, net of cash margin. Derivative contracts in liability positions that were valued using quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contracts, fully offset by cash margin. |
Fair Value Measurements, Fair_2
Fair Value Measurements, Fair Value Measured On a Nonrecurring Basis (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other gains (losses), net | $ 123 | $ 63,742 | $ 6,046 |
Fair Value, Nonrecurring [Member] | Fair Value, Nonaccruing Loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Gross charge-offs against allowance for loan losses | 16,399 | 2,087 | |
Other gains (losses), net | 0 | 0 | |
Fair Value, Nonrecurring [Member] | Real estate and other repossessed assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Gross charge-offs against allowance for loan losses | 0 | 0 | |
Other gains (losses), net | (6,437) | (150) | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonaccruing Loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Real estate and other repossessed assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonaccruing Loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 57 | 808 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Real estate and other repossessed assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | $ 3,873 | 1,706 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real estate and other repossessed assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | $ 0 |
Fair Value Measurements Fair Va
Fair Value Measurements Fair Value Measurement, Measured On Non-Recurring Basis, Signfiicant Unobservable Inputs, Quantitative Information (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | ||
Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member] | BOK Financial Pension Plan [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Defined Benefit Plan, Plan Assets, Amount | $ 39,000 | |||
Fair Value, Nonaccruing Loans | Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | $ 57 | 808 | ||
Real estate and other repossessed assets [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | 0 | |||
Real estate and other repossessed assets [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | 3,873 | 1,706 | ||
Discounted Cash Flow [Member] | Fair Value, Nonaccruing Loans | Fair Value, Inputs, Level 3 [Member] | Management knowledge of Industry [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | 4,998 | $ 1,990 | ||
Discounted Cash Flow [Member] | Real estate and other repossessed assets [Member] | Fair Value, Inputs, Level 3 [Member] | Management knowledge of Industry [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | $ 1,699 | |||
Minimum [Member] | Fair Value, Nonaccruing Loans | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | 9% | [1] | 16% | [2] |
Maximum [Member] | Fair Value, Nonaccruing Loans | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | 24% | [1] | 97% | [2] |
Weighted Average [Member] | Fair Value, Nonaccruing Loans | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | 23% | [1] | 37% | [2] |
[1]Represents fair value as a percentage of the unpaid principal balance.[2]Represents fair value as a percentage of the unpaid principal balance. |
Fair Value Measurements, Financ
Fair Value Measurements, Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | $ 4,464,161 | $ 9,136,813 | ||
Debt Securities, Held-to-maturity, gross | 2,739,241 | 210,999 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (558) | (555) | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 2,738,683 | 210,444 | ||
Available for sale securities | 11,493,860 | 13,157,817 | ||
Fair value option securities | 296,590 | 43,770 | ||
Residential mortgage loans held for sale | 75,272 | 192,295 | ||
Loans and Leases Receivable, Gross | 22,557,150 | 20,205,680 | ||
Allowance for loan losses | (235,704) | (256,421) | ||
Loans, net of allowance | 22,321,446 | 19,949,259 | ||
Mortgage servicing rights | 277,608 | 163,198 | $ 101,172 | $ 201,886 |
Derivative contracts, net of cash margin, Assets, Fair Value | 880,343 | 1,097,297 | ||
Time deposits | 1,461,842 | 1,704,328 | ||
Subordinated debentures | 131,205 | 131,226 | ||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 554,900 | 275,625 | ||
Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 14,198,187 | 12,506,465 | ||
Allowance for loan losses | (131,586) | (162,056) | ||
Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 4,606,777 | 3,831,325 | ||
Allowance for loan losses | (57,648) | (58,553) | ||
Paycheck Protection Program | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 14,312 | 276,341 | ||
Allowance for loan losses | 0 | 0 | ||
Loans to individuals [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 3,737,874 | 3,591,549 | ||
Allowance for loan losses | (46,470) | (35,812) | ||
U.S. government securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 9,823 | 23,610 | ||
Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 4,406,848 | 9,068,900 | ||
Debt Securities, Held-to-maturity, gross | 2,538,565 | 6,939 | ||
Available for sale securities | 5,814,496 | 8,006,616 | ||
Fair value option securities | 296,590 | 43,770 | ||
Municipal securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 21,484 | 25,783 | ||
Debt Securities, Held-to-maturity, gross | 170,629 | 203,772 | ||
Available for sale securities | 624,500 | 508,365 | ||
U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 898 | 1,000 | ||
Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 577,576 | 24,339 | ||
Commercial agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 17,259 | |||
Available for sale securities | 4,475,917 | 4,617,025 | ||
Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 26,006 | 18,520 | ||
Debt Securities, Held-to-maturity, gross | 12,788 | 288 | ||
Available for sale securities | 473 | 472 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 943,810 | 712,067 | ||
Interest-bearing cash and cash equivalents | 457,906 | 2,125,343 | ||
Trading securities | 4,464,161 | 9,136,813 | ||
Debt Securities, Held-to-maturity, gross | 2,514,245 | 210,999 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | (558) | (555) | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 2,513,687 | 210,444 | ||
Available for sale securities | 11,493,860 | 13,157,817 | ||
Fair value option securities | 296,590 | 43,770 | ||
Residential mortgage loans held for sale | 75,272 | 192,295 | ||
Loans and Leases Receivable, Gross | 22,557,150 | 20,205,680 | ||
Allowance for loan losses | (235,704) | (256,421) | ||
Loans, net of allowance | 22,321,446 | 19,949,259 | ||
Mortgage servicing rights | 277,608 | 163,198 | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 880,343 | 1,097,297 | ||
Deposits with no stated maturity | 33,018,863 | 39,537,731 | ||
Time deposits | 1,461,842 | 1,704,328 | ||
Other borrowed funds | 7,007,285 | 2,363,202 | ||
Subordinated debentures | 131,205 | 131,226 | ||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 554,900 | 275,625 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 14,198,187 | 12,506,465 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 4,606,777 | 3,831,325 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Paycheck Protection Program | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 14,312 | 276,341 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Loans to individuals [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 3,737,874 | 3,591,549 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. government securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 9,823 | 23,610 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 4,406,848 | 9,068,900 | ||
Debt Securities, Held-to-maturity, gross | 2,315,219 | 6,939 | ||
Available for sale securities | 5,814,496 | 8,006,616 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Municipal securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 21,484 | 25,783 | ||
Debt Securities, Held-to-maturity, gross | 170,629 | 203,772 | ||
Available for sale securities | 624,500 | 508,365 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other trading securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 26,006 | 18,520 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 898 | 1,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 577,576 | 24,339 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 15,609 | |||
Available for sale securities | 4,475,917 | 4,617,025 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 12,788 | 288 | ||
Available for sale securities | 473 | 472 | ||
Estimate of Fair Value Measurement [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 943,810 | 712,067 | ||
Interest-bearing cash and cash equivalents | 457,906 | 2,125,343 | ||
Trading securities | 4,464,161 | 9,136,813 | ||
Debt Securities, Held-to-maturity, gross | 2,346,768 | 231,395 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 2,346,768 | 231,395 | ||
Available for sale securities | 11,493,860 | 13,157,817 | ||
Fair value option securities | 296,590 | 43,770 | ||
Residential mortgage loans held for sale | 75,272 | 192,295 | ||
Loans and Leases Receivable, Gross | 21,891,223 | 20,039,221 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 21,891,223 | 20,039,221 | ||
Mortgage servicing rights | 277,608 | 163,198 | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 880,343 | 1,097,297 | ||
Deposits with no stated maturity | 33,018,863 | 39,537,731 | ||
Time deposits | 1,431,245 | 1,703,886 | ||
Other borrowed funds | 7,005,305 | 2,360,746 | ||
Subordinated debentures | 121,497 | 141,761 | ||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 554,900 | 275,625 | ||
Estimate of Fair Value Measurement [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 13,891,453 | 12,395,664 | ||
Estimate of Fair Value Measurement [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 4,454,048 | 3,786,767 | ||
Estimate of Fair Value Measurement [Member] | Paycheck Protection Program | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 14,312 | 269,912 | ||
Estimate of Fair Value Measurement [Member] | Loans to individuals [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 3,531,410 | 3,586,878 | ||
Estimate of Fair Value Measurement [Member] | U.S. government securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 9,823 | 23,610 | ||
Estimate of Fair Value Measurement [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 4,406,848 | 9,068,900 | ||
Debt Securities, Held-to-maturity, gross | 2,143,360 | 7,500 | ||
Available for sale securities | 5,814,496 | 8,006,616 | ||
Estimate of Fair Value Measurement [Member] | Municipal securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 21,484 | 25,783 | ||
Debt Securities, Held-to-maturity, gross | 176,621 | 223,609 | ||
Available for sale securities | 624,500 | 508,365 | ||
Estimate of Fair Value Measurement [Member] | Other trading securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 26,006 | 18,520 | ||
Estimate of Fair Value Measurement [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 898 | 1,000 | ||
Estimate of Fair Value Measurement [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 577,576 | 24,339 | ||
Estimate of Fair Value Measurement [Member] | Commercial agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 14,588 | |||
Available for sale securities | 4,475,917 | 4,617,025 | ||
Estimate of Fair Value Measurement [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 12,199 | 286 | ||
Available for sale securities | 473 | 472 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 943,810 | 712,067 | ||
Interest-bearing cash and cash equivalents | 457,906 | 2,125,343 | ||
Trading securities | 4,970 | 4,999 | ||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 0 | 0 | ||
Available for sale securities | 898 | 1,000 | ||
Fair value option securities | 0 | 0 | ||
Residential mortgage loans held for sale | 0 | 0 | ||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 2,110 | 8,331 | ||
Deposits with no stated maturity | 0 | 0 | ||
Time deposits | 0 | 0 | ||
Other borrowed funds | 0 | 0 | ||
Subordinated debentures | 0 | 0 | ||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 16 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Paycheck Protection Program | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Loans to individuals [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | U.S. government securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 4,970 | 4,999 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Municipal securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Other trading securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 898 | 1,000 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Commercial agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 0 | |||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 0 | 0 | ||
Interest-bearing cash and cash equivalents | 0 | 0 | ||
Trading securities | 4,459,191 | 9,131,814 | ||
Debt Securities, Held-to-maturity, gross | 2,208,253 | 65,484 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 2,208,253 | 65,484 | ||
Available for sale securities | 11,492,489 | 13,156,345 | ||
Fair value option securities | 296,590 | 43,770 | ||
Residential mortgage loans held for sale | 68,054 | 185,969 | ||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 878,233 | 1,088,966 | ||
Deposits with no stated maturity | 0 | 0 | ||
Time deposits | 0 | 0 | ||
Other borrowed funds | 0 | 0 | ||
Subordinated debentures | 121,497 | 141,761 | ||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 554,884 | 275,625 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Paycheck Protection Program | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Loans to individuals [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | U.S. government securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 4,853 | 18,611 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 4,406,848 | 9,068,900 | ||
Debt Securities, Held-to-maturity, gross | 2,143,360 | 7,500 | ||
Available for sale securities | 5,814,496 | 8,006,616 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Municipal securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 21,484 | 25,783 | ||
Debt Securities, Held-to-maturity, gross | 38,106 | 57,698 | ||
Available for sale securities | 624,500 | 508,365 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Other trading securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 26,006 | 18,520 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 577,576 | 24,339 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Commercial agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 14,588 | |||
Available for sale securities | 4,475,917 | 4,617,025 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 12,199 | 286 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 0 | 0 | ||
Interest-bearing cash and cash equivalents | 0 | 0 | ||
Trading securities | 0 | 0 | ||
Debt Securities, Held-to-maturity, gross | 138,515 | 165,911 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 138,515 | 165,911 | ||
Available for sale securities | 473 | 472 | ||
Fair value option securities | 0 | 0 | ||
Residential mortgage loans held for sale | 7,218 | 6,326 | ||
Loans and Leases Receivable, Gross | 21,891,223 | 20,039,221 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 21,891,223 | 20,039,221 | ||
Mortgage servicing rights | 277,608 | 163,198 | ||
Derivative contracts, net of cash margin, Assets, Fair Value | 0 | 0 | ||
Deposits with no stated maturity | 33,018,863 | 39,537,731 | ||
Time deposits | 1,431,245 | 1,703,886 | ||
Other borrowed funds | 7,005,305 | 2,360,746 | ||
Subordinated debentures | 0 | 0 | ||
Derivative contracts, net of cash margin, Liabilities, Fair Value | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 13,891,453 | 12,395,664 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 4,454,048 | 3,786,767 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Paycheck Protection Program | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 14,312 | 269,912 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Loans to individuals [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans and Leases Receivable, Gross | 3,531,410 | 3,586,878 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | U.S. government securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Municipal securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Debt Securities, Held-to-maturity, gross | 138,515 | 165,911 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Other trading securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Commercial agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 0 | |||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||
Available for sale securities | $ 473 | $ 472 |
Parent Company Only Financial_3
Parent Company Only Financial Statements Parent Company Only Financial Statements, Condensed Balance Sheet Statement (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Assets [Abstract] | ||||
Loan to bank subsidiary | $ 22,321,446 | $ 19,949,259 | ||
Other assets | 1,354,379 | 957,951 | ||
Total assets | 47,790,642 | 50,249,431 | ||
Liabilities [Abstract] | ||||
Other liabilities | 484,849 | 435,221 | ||
Subordinated debentures | 131,205 | 131,226 | ||
Total liabilities | 43,103,284 | 44,881,060 | ||
Shareholders' equity: [Abstract] | ||||
Common stock | 5 | 5 | ||
Capital surplus | 1,390,395 | 1,378,794 | ||
Retained earnings | 4,824,164 | 4,447,691 | ||
Treasury Stock, Value | (694,960) | (535,129) | ||
Accumulated other comprehensive income (loss) | (836,955) | 72,371 | $ 335,868 | $ 104,923 |
Total shareholders’ equity | 4,682,649 | 5,363,732 | ||
Total liabilities and shareholders’ equity | 47,790,642 | 50,249,431 | ||
Parent Company [Member] | ||||
Assets [Abstract] | ||||
Cash and cash equivalents | 165,395 | 230,647 | ||
Loan to bank subsidiary | 65,169 | 65,187 | ||
Investment in bank subsidiary | 4,351,280 | 4,951,405 | ||
Investment in non-bank subsidiaries | 217,011 | 228,447 | ||
Other assets | 18,302 | 22,011 | ||
Total assets | 4,817,157 | 5,497,697 | ||
Liabilities [Abstract] | ||||
Other liabilities | 3,303 | 2,739 | ||
Subordinated debentures | 131,205 | 131,226 | ||
Total liabilities | 134,508 | 133,965 | ||
Shareholders' equity: [Abstract] | ||||
Common stock | 5 | 5 | ||
Capital surplus | 1,390,395 | 1,378,794 | ||
Retained earnings | 4,824,164 | 4,447,691 | ||
Treasury Stock, Value | (694,960) | (535,129) | ||
Accumulated other comprehensive income (loss) | (836,955) | 72,371 | ||
Total shareholders’ equity | 4,682,649 | 5,363,732 | ||
Total liabilities and shareholders’ equity | $ 4,817,157 | $ 5,497,697 |
Parent Company Only Financial_4
Parent Company Only Financial Statements Parent Company Only Financial Statements, Condensed Income Statements (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Condensed Income Statements, Captions [Line Items] | |||
Interest expense | $ 180,722 | $ 61,896 | $ 160,556 |
Other operating expense | 1,164,480 | 1,177,708 | 1,164,308 |
Other gains (losses), net | 123 | 63,742 | 6,046 |
Federal and state income taxes | 139,864 | 179,775 | 128,793 |
Net income attributable to BOK Financial Corp. shareholders | 520,273 | 618,121 | 435,030 |
Parent Company [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Total revenue | 273,142 | 492,665 | 205,097 |
Interest expense | 6,490 | 10,535 | 13,944 |
Other operating expense | 3,005 | 2,914 | 2,697 |
Total expense | 9,495 | 13,449 | 16,641 |
Net income before taxes, other losses, net, and equity in undistributed income of subsidiaries | 263,647 | 479,216 | 188,456 |
Other gains (losses), net | (4,279) | (3,415) | 1,465 |
Net income before taxes and equity in undistributed income of subsidiaries | 259,368 | 475,801 | 189,921 |
Federal and state income taxes | (1,776) | (4,202) | (4,502) |
Net income before equity in undistributed income of subsidiaries | 261,144 | 480,003 | 194,423 |
Equity in undistributed income of bank subsidiaries | 300,330 | 126,380 | 276,217 |
Equity in undistributed income of non-bank subsidiaries | (41,201) | 11,738 | (35,610) |
Net income attributable to BOK Financial Corp. shareholders | 520,273 | 618,121 | 435,030 |
Parent Company [Member] | Dividends, interest and fees received from bank susidiaries [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Total revenue | 228,689 | 483,868 | 179,140 |
Parent Company [Member] | Dividends, interest and fees received from non-bank subsidiaries [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Total revenue | 43,281 | 8,030 | 25,050 |
Parent Company [Member] | Other revenue [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Total revenue | $ 1,172 | $ 767 | $ 907 |
Parent Company Only Financial_5
Parent Company Only Financial Statements Parent Company Only Financial Statements, Condensed Cash Flow Statement (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Flows From Operating Activities: [Abstract] | |||
Net income | $ 520,293 | $ 616,325 | $ 435,071 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | |||
Other gains, net | (846) | 67,446 | 15,949 |
Change in other assets | 13,205 | (12,568) | 1,739 |
Change in other liabilities | 50,836 | 12,897 | 8,895 |
Net cash provided by operating activities | 5,122,270 | (3,692,577) | (416,256) |
Cash Flows From Investing Activities: [Abstract] | |||
Net cash used in investing activities | (4,603,286) | 2,602,672 | (2,458,835) |
Cash Flows From Financing Activities: [Abstract] | |||
Repayment of subordinated debentures | 0 | 150,000 | 0 |
Issuance of common and treasury stock, net | (4,907) | (4,874) | (4,933) |
Dividends paid | (143,800) | (144,105) | (144,437) |
Repurchase of common stock | (154,887) | (117,938) | (75,830) |
Net cash used in financing activities | (1,954,678) | 2,746,742 | 2,796,843 |
Net increase (decrease) in cash and cash equivalents | (1,435,694) | 1,656,837 | (78,248) |
Cash and cash equivalents at beginning of period | 2,837,410 | 1,180,573 | 1,258,821 |
Cash and cash equivalents at end of period | 1,401,716 | 2,837,410 | 1,180,573 |
Cash paid for interest | 176,081 | 68,775 | 160,288 |
Parent Company [Member] | |||
Cash Flows From Operating Activities: [Abstract] | |||
Net income | 520,273 | 618,121 | 435,030 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | |||
Equity in undistributed income of bank subsidiaries | (300,330) | (126,380) | (276,217) |
Equity in undistributed income of non-bank subsidiaries | 41,201 | (11,738) | 35,610 |
Other gains, net | 4,279 | 3,415 | (1,465) |
Change in other assets | (1,317) | (1,160) | (15,225) |
Change in other liabilities | 543 | 389 | 850 |
Net cash provided by operating activities | 267,283 | 484,967 | 209,033 |
Cash Flows From Investing Activities: [Abstract] | |||
Investment in subsidiaries | (31,552) | (25,665) | (14,807) |
Dissolution of subsidiaries | 2,611 | 4,457 | 0 |
Net cash used in investing activities | (28,941) | (21,208) | (14,807) |
Cash Flows From Financing Activities: [Abstract] | |||
Repayment of subordinated debentures | 0 | (150,000) | 0 |
Issuance of common and treasury stock, net | (4,907) | (4,874) | (4,933) |
Dividends paid | (143,800) | (144,105) | (144,437) |
Repurchase of common stock | (154,887) | (117,938) | (75,830) |
Net cash used in financing activities | (303,594) | (416,917) | (225,200) |
Net increase (decrease) in cash and cash equivalents | (65,252) | 46,842 | (30,974) |
Cash and cash equivalents at beginning of period | 230,647 | 183,805 | 214,779 |
Cash and cash equivalents at end of period | 165,395 | 230,647 | 183,805 |
Cash paid for interest | $ 6,203 | $ 10,559 | $ 14,064 |
Uncategorized Items - bokf-2022
Label | Element | Value |
Wealth Management [Member] | ||
Goodwill | us-gaap_Goodwill | $ 90,702,000 |
Consumer [Member] | ||
Goodwill | us-gaap_Goodwill | 43,458,000 |
Funds Management and Other [Member] | ||
Goodwill | us-gaap_Goodwill | 0 |
Commercial [Member] | ||
Goodwill | us-gaap_Goodwill | $ 910,589,000 |