EX-99 3 fs033107.txt (B) FINANCIAL TABLES FOR Q1/07 RELEASE BALANCE SHEETS Exhibit 99 (b) BOK FINANCIAL CORPORATION (In thousands) Period Ended --------------------------------------------------- March 31, December 31, March 31, 2007 2006 2006 -------------- --------------- ------------- (Unaudited) (Unaudited) ASSETS Cash and due from banks $ 559,264 $ 775,376 $ 610,563 Trading securities 46,079 37,076 26,055 Funds sold and resell agreements 13,988 21,950 25,720 Securities: Available for sale 4,786,316 4,655,061 4,771,401 Investment 241,436 248,689 237,224 Mortgage trading securities 131,524 162,837 64,704 -------------- --------------- ------------- Total securities 5,159,276 5,066,587 5,073,329 Loans: Commercial 6,442,356 6,208,884 5,238,821 Commercial real estate 2,550,647 2,446,540 2,104,960 Residential mortgage 1,318,291 1,256,259 1,177,337 Residential mortgage held for sale 75,011 64,625 40,299 Consumer 756,989 739,495 640,542 -------------- --------------- ------------- Total loans 11,143,294 10,715,803 9,201,959 Less reserve for loan losses (114,371) (109,497) (104,143) -------------- --------------- ------------- Loans, net of reserve 11,028,923 10,606,306 9,097,816 Premises and equipment, net 193,244 188,041 177,959 Accrued revenue receivable 111,782 118,236 102,759 Intangible assets, net 257,350 258,060 261,652 Mortgage servicing rights, net 68,120 65,946 68,608 Real estate and other repossessed assets 8,414 8,486 8,196 Bankers' acceptances 3,093 43,613 35,315 Derivative contracts 220,120 284,239 401,444 Cash surrender value of bank-owned life insurance 214,730 212,230 7,658 Receivable on unsettled securities trades 45,873 - - Other assets 227,820 373,478 403,695 -------------- --------------- ------------- TOTAL ASSETS $ 18,158,076 $ 18,059,624 $ 16,300,769 ============== =============== ============= LIABILITIES AND SHAREHOLDERS' EQUITY Deposits: Demand $ 1,686,636 $ 1,780,059 $ 1,784,587 Interest-bearing transaction 6,052,112 5,996,970 5,144,120 Savings 149,707 139,130 159,471 Time 4,320,128 4,470,546 4,220,068 -------------- --------------- ------------- Total deposits 12,208,583 12,386,705 11,308,246 Funds purchased and repurchase agreements 2,511,210 2,348,516 1,622,185 Other borrowings 852,118 593,731 833,114 Subordinated debentures 298,819 297,800 294,130 Accrued interest, taxes, and expense 108,524 104,752 92,495 Bankers' acceptances 3,093 43,613 35,315 Due on unsettled securities trades - 107,420 2,142 Derivative contracts 236,775 298,679 419,776 Other liabilities 153,006 157,386 127,931 -------------- --------------- ------------- TOTAL LIABILITIES 16,372,128 16,338,602 14,735,334 Shareholders' equity: Capital, surplus and retained earnings 1,842,272 1,794,466 1,659,748 Accumulated other comprehensive loss (56,324) (73,444) (94,313) -------------- --------------- ------------- TOTAL SHAREHOLDERS' EQUITY 1,785,948 1,721,022 1,565,435 -------------- --------------- ------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 18,158,076 $ 18,059,624 $ 16,300,769 ============== =============== =============
AVERAGE BALANCE SHEETS - UNAUDITED BOK FINANCIAL CORPORATION (In thousands) Quarter Ended --------------------------------------------------------------------------------------- March 31, December 31, September 30, June 30, March 31, 2007 2006 2006 2006 2006 -------------- --------------- ------------- --------------- -------------- ASSETS Trading securities $ 29,613 $ 22,668 $ 21,721 $ 23,672 $ 16,722 Funds sold and resell agreements 55,674 39,665 51,518 32,048 21,181 Securities: Available for sale 4,750,643 4,670,470 4,681,094 4,760,257 4,828,324 Investment 242,622 248,692 238,908 227,810 236,953 Mortgage trading securities 131,705 145,426 80,756 68,518 59,160 -------------- --------------- ------------- --------------- -------------- Total securities 5,124,970 5,064,588 5,000,758 5,056,585 5,124,437 Loans: Commercial 6,297,338 6,028,240 5,568,238 5,355,644 5,217,467 Commercial real estate 2,493,445 2,352,289 2,280,681 2,247,779 2,096,885 Residential mortgage 1,291,827 1,209,115 1,223,140 1,176,660 1,166,509 Residential mortgage held for sale 69,818 61,328 51,647 47,163 45,983 Consumer 740,735 710,869 689,896 645,064 637,863 -------------- --------------- ------------- --------------- -------------- Total loans 10,893,163 10,361,841 9,813,602 9,472,309 9,164,706 Less allowance for loan losses (113,379) (108,377) (106,474) (106,048) (105,135) -------------- --------------- ------------- --------------- -------------- Total loans, net 10,779,784 10,253,464 9,707,128 9,366,261 9,059,571 -------------- --------------- ------------- --------------- -------------- Total earning assets 15,990,041 15,380,385 14,781,125 14,478,566 14,221,911 Cash and due from banks 564,588 619,236 562,802 554,412 584,508 Other assets 1,385,329 1,539,411 1,487,196 1,531,312 1,463,820 -------------- --------------- ------------- --------------- -------------- TOTAL ASSETS $ 17,939,958 $ 17,539,032 $ 16,831,123 $ 16,564,290 $ 16,270,239 ============== =============== ============= =============== ============== LIABILITIES AND SHAREHOLDERS' EQUITY Deposits: Demand $ 1,397,874 $ 1,481,455 $ 1,453,163 $ 1,474,835 $ 1,485,398 Interest-bearing transaction 6,100,117 5,768,216 5,458,280 5,353,413 5,327,004 Savings 143,101 139,796 146,276 153,200 155,554 Time 4,420,390 4,417,427 4,314,672 4,220,204 4,162,952 -------------- --------------- ------------- --------------- -------------- Total deposits 12,061,482 11,806,894 11,372,391 11,201,652 11,130,908 Funds purchased and repurchase agreements 2,640,485 2,584,354 2,138,749 2,118,211 1,731,983 Other borrowings 668,078 586,743 750,247 684,431 882,878 Subordinated debentures 297,806 298,427 293,146 292,474 295,792 Other liabilities 530,659 566,128 657,269 695,418 680,897 -------------- --------------- ------------- --------------- -------------- TOTAL LIABILITIES 16,198,510 15,842,546 15,211,802 14,992,186 14,722,458 Shareholders' equity 1,741,448 1,696,486 1,619,321 1,572,104 1,547,781 -------------- --------------- ------------- --------------- -------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 17,939,958 $ 17,539,032 $ 16,831,123 $ 16,564,290 $ 16,270,239 ============== =============== ============= =============== ==============
STATEMENTS OF EARNINGS - UNAUDITED BOK FINANCIAL CORPORATION (In thousands, except per share data) Quarter Ended March 31, --------------------------------- 2007 2006 -------------- --------------- Interest revenue $ 274,576 $ 223,585 Interest expense 145,738 106,259 -------------- --------------- Net interest revenue 128,838 117,326 Provision for credit losses 6,500 3,400 -------------- --------------- Net interest revenue after provision for credit losses 122,338 113,926 Other operating revenue Brokerage and trading revenue 13,282 13,356 Transaction card revenue 20,184 18,508 Trust fees and commissions 18,995 17,945 Deposit service charges and fees 24,598 23,986 Mortgage banking revenue 6,540 6,789 Bank-owned life insurance 2,399 63 Other revenue 5,990 9,279 -------------- --------------- Total fees and commissions 91,988 89,926 Gain (loss) on asset sales 694 1,041 Gain (loss) on securities, net (563) (1,221) Gain (loss) on derivatives, net 71 (309) -------------- --------------- Total other operating revenue 92,190 89,437 Other operating expense Personnel 78,729 71,232 Business promotion 4,570 4,803 Professional fees and services 5,099 3,914 Net occupancy and equipment 13,206 13,026 Data processing and communications 16,974 16,995 Printing, postage and supplies 3,969 3,905 Net (gains) losses and operating expenses of repossessed assets 207 219 Amortization of intangible assets 1,136 1,370 Mortgage banking costs 2,944 3,087 Change in fair value of mortgage servicing rights 1,164 (7,081) Other expense 4,514 5,909 -------------- --------------- Total other operating expense 132,512 117,379 Income before taxes 82,016 85,984 Federal and state income taxes 29,223 31,236 -------------- --------------- Net income $ 52,793 $ 54,748 ============== =============== Average shares outstanding: Basic 67,085,310 66,715,396 Diluted 67,574,671 67,260,659 Earnings per share: Basic $ 0.79 $ 0.82 ============== =============== Diluted $ 0.78 $ 0.81 ============== ===============
FINANCIAL HIGHLIGHTS - UNAUDITED BOK FINANCIAL CORPORATION (In thousands, except ratio and share data) Quarter Ended --------------------------------------------------------------------------------------- March 31, December 31, September 30, June 30, March 31, 2007 2006 2006 2006 2006 -------------- --------------- ------------- --------------- -------------- Capital: Period-end shareholders' equity $ 1,785,948 $ 1,721,022 $ 1,669,918 $ 1,583,010 $ 1,565,435 Risk-based capital ratios: Tier 1 9.97% 9.78% 9.99% 10.00% 10.16% Total capital 11.76% 11.58% 12.07% 12.14% 12.41% Leverage ratio 8.95% 8.79% 8.88% 8.74% 8.60% Common stock: Book value per share $ 26.57 $ 25.66 $ 24.98 $ 23.68 $ 23.41 Market value per share: High $ 55.43 $ 54.98 $ 53.30 $ 49.60 $ 47.65 Low $ 49.37 $ 50.40 $ 48.13 $ 46.85 $ 44.40 Cash dividends paid $ 10,081 $ 10,037 $ 10,034 $ 10,024 $ 6,694 Dividend payout ratio 19.10% 19.84% 19.05% 18.23% 12.23% Shares outstanding, net 67,227,050 67,067,750 66,859,272 66,840,241 66,883,037 Stock buy-back program: Shares repurchased 25,000 7,500 71,447 108,322 61,408 Amount $ 1,256,000 $ 380,998 $ 3,702,729 $ 5,259,931 $ 2,759,075 -------------- --------------- ------------- --------------- -------------- Average price per share $ 50.24 $ 50.80 $ 51.82 $ 48.56 $ 44.93 ============== =============== ============= =============== ============== Performance ratios: Return on average assets 1.19% 1.14% 1.24% 1.33% 1.36% Return on average equity 12.29% 11.83% 12.90% 14.03% 14.35% Net interest margin 3.32% 3.25% 3.38% 3.40% 3.39% Efficiency ratio 58.92% 60.71% 59.81% 58.04% 59.61% Other data: Gain (loss) on economic hedge of mortgage servicing rights $254 $ (465) $ 3,757 $ (2,534) $ (1,861) Trust assets $ 33,113,964 $ 31,704,091 $ 29,732,804 $ 28,746,686 $ 29,091,040 Mortgage servicing portfolio $ 4,525,719 $ 4,526,508 $ 4,524,071 $ 4,536,605 $ 4,520,976 Mortgage loan fundings during the quarter $ 177,032 $ 179,139 $ 204,264 $ 214,835 $ 168,220 Mortgage loan refinances to total fundings 34.72% 39.19% 23.89% 21.71% 27.59% Tax equivalent adjustment $ 2,085 $ 1,965 $ 1,836 $ 1,640 $ 1,522
QUARTERLY EARNINGS TRENDS - UNAUDITED BOK FINANCIAL CORPORATION (In thousands, except ratio and per share data) Quarter Ended --------------------------------------------------------------------------------------- March 31, December 31, September 30, June 30, March 31, 2007 2006 2006 2006 2006 -------------- --------------- ------------- --------------- -------------- Interest revenue $ 274,576 $ 266,924 $ 255,480 $ 240,440 $ 223,585 Interest expense 145,738 142,646 131,502 119,334 106,259 -------------- --------------- ------------- --------------- -------------- Net interest revenue 128,838 124,278 123,978 121,106 117,326 Provision for credit losses 6,500 5,953 5,254 3,795 3,400 -------------- --------------- ------------- --------------- -------------- Net interest revenue after provision for credit losses 122,338 118,325 118,724 117,311 113,926 Other operating revenue Brokerage and trading revenue 13,282 14,382 13,078 12,597 13,356 Transaction card revenue 20,184 20,224 19,939 19,951 18,508 Trust fees and commissions 18,995 18,240 17,101 17,751 17,945 Deposit service charges and fees 24,598 25,787 26,322 26,341 23,986 Mortgage banking revenue 6,540 6,077 6,935 7,195 6,789 Bank-owned life insurance 2,399 2,346 117 32 63 Other revenue 5,990 7,799 9,519 10,037 9,279 -------------- --------------- ------------- --------------- -------------- Total fees and commissions 91,988 94,855 93,011 93,904 89,926 Gain (loss) on asset sales 694 252 475 (269) 1,041 Gain (loss) on securities, net (563) (864) 3,718 (2,583) (1,221) Gain (loss) on derivatives, net 71 (520) 379 (172) (309) -------------- --------------- ------------- --------------- -------------- Total other operating revenue 92,190 93,723 97,583 90,880 89,437 Other operating expense Personnel 78,729 78,054 74,605 72,369 71,232 Business promotion 4,570 5,345 4,401 4,802 4,803 Professional fees and services 5,099 4,734 4,734 4,362 3,914 Net occupancy and equipment 13,206 12,741 13,222 13,199 13,026 Data processing and communications 16,974 16,843 16,931 16,157 16,995 Printing, postage and supplies 3,969 3,774 4,182 4,001 3,905 Net (gains) losses and operating expenses of repossessed assets 207 167 34 54 219 Amortization of intangible assets 1,136 1,299 1,299 1,359 1,370 Mortgage banking costs 2,944 3,034 2,869 2,839 3,087 Change in fair value of mortgage servicing rights1,164 (236) 7,921 (3,613) (7,081) Other expense 4,514 8,236 8,612 6,598 5,909 -------------- --------------- ------------- --------------- -------------- Total other operating expense 132,512 133,991 138,810 122,127 117,379 Income before taxes 82,016 78,057 77,497 86,064 85,984 Federal and state income taxes 29,223 27,472 24,837 31,080 31,236 -------------- --------------- ------------- --------------- -------------- Net income $ 52,793 $ 50,585 $ 52,660 $ 54,984 $ 54,748 ============== =============== ============= =============== ============== Average shares outstanding: Basic 67,085,310 66,813,519 66,756,458 66,775,117 66,715,396 Diluted 67,574,671 67,359,208 67,325,428 67,317,681 67,260,659 Earnings per share: Basic $ 0.79 $ 0.76 $ 0.79 $ 0.82 $0.82 Diluted $ 0.78 $ 0.75 $ 0.78 $ 0.82 $0.81
LOANS BY PRINCIPAL MARKET AREA - UNAUDITED BOK FINANCIAL CORPORATION (In thousands) Quarter Ended --------------------------------------------------------------------------------------- March 31, December 31, September 30, June 30, March 31, 2007 2006 2006 2006 2006 -------------- --------------- ------------- --------------- -------------- Oklahoma: Commercial $ 3,377,819 $ 3,261,592 $ 3,078,849 $ 3,119,736 $ 2,981,660 Commercial real estate 895,585 979,251 968,267 995,953 925,703 Residential mortgage 945,147 896,567 878,390 854,723 847,517 Residential mortgage held for sale 75,011 64,625 58,031 54,026 40,299 Consumer 509,787 512,032 502,622 479,508 468,920 -------------- --------------- ------------- --------------- -------------- Total Oklahoma 5,803,349 5,714,067 5,486,159 5,503,946 5,264,099 Texas: Commercial 1,797,262 1,722,627 1,557,361 1,548,545 1,420,860 Commercial real estate 721,207 670,635 639,327 669,698 604,413 Residential mortgage 216,087 213,801 212,114 212,987 200,957 Consumer 105,604 95,652 80,836 84,212 87,669 -------------- --------------- ------------- --------------- -------------- Total Texas 2,840,160 2,702,715 2,489,638 2,515,442 2,313,899 New Mexico: Commercial 424,539 411,272 387,164 334,984 348,930 Commercial real estate 279,203 257,079 219,966 237,020 228,955 Residential mortgage 77,800 75,159 76,858 73,281 68,810 Consumer 11,493 13,256 13,899 13,404 13,820 -------------- --------------- ------------- --------------- -------------- Total New Mexico 793,035 756,766 697,887 658,689 660,515 Arkansas: Commercial 96,084 95,483 89,849 80,539 74,423 Commercial real estate 97,190 94,395 91,158 87,080 80,529 Residential mortgage 21,825 23,076 21,923 15,067 13,069 Consumer 103,662 86,017 67,206 51,166 33,548 -------------- --------------- ------------- --------------- -------------- Total Arkansas 318,761 298,971 270,136 233,852 201,569 Colorado: Commercial 457,758 451,046 353,657 299,380 267,928 Commercial real estate 199,736 193,747 170,081 155,453 134,771 Residential mortgage 15,501 15,812 17,656 21,113 20,383 Consumer 17,746 26,591 32,647 31,939 31,487 -------------- --------------- ------------- --------------- -------------- Total Colorado 690,741 687,196 574,041 507,885 454,569 Arizona: Commercial 120,351 96,453 76,013 63,019 52,274 Commercial real estate 316,661 207,035 196,286 153,870 120,262 Residential mortgage 41,731 31,280 34,772 33,913 26,270 Consumer 8,654 5,947 5,737 6,511 5,098 -------------- --------------- ------------- --------------- -------------- Total Arizona 487,397 340,715 312,808 257,313 203,904 Kansas: Commercial 168,543 170,411 134,683 93,115 92,746 Commercial real estate 41,065 44,398 40,074 23,862 10,327 Residential mortgage 200 564 480 364 331 Consumer 43 - - - - -------------- --------------- ------------- --------------- -------------- Total Kansas 209,851 215,373 175,237 117,341 103,404 -------------- --------------- ------------- --------------- -------------- TOTAL BOK FINANCIAL $ 11,143,294 $ 10,715,803 $ 10,005,906 $ 9,794,468 $ 9,201,959 ============== =============== ============= =============== ==============
DEPOSITS BY PRINCIPAL MARKET AREA - UNAUDITED BOK FINANCIAL CORPORATION (In thousands) Quarter Ended --------------------------------------------------------------------------------------- March 31, December 31, September 30, June 30, March 31, 2007 2006 2006 2006 2006 -------------- --------------- ------------- --------------- -------------- Oklahoma: Demand $ 877,623 $ 915,101 $ 868,502 $ 908,034 $ 950,582 Interest-bearing: Transaction 3,481,859 3,456,322 3,001,774 2,732,312 2,937,228 Savings 92,678 83,017 83,442 88,218 93,093 Time 2,556,423 2,595,890 2,621,522 2,662,770 2,623,352 -------------- --------------- ------------- --------------- -------------- Total interest-bearing 6,130,960 6,135,229 5,706,738 5,483,300 5,653,673 -------------- --------------- ------------- --------------- -------------- Total Oklahoma 7,008,583 7,050,330 6,575,240 6,391,334 6,604,255 -------------- --------------- ------------- --------------- -------------- Texas: Demand 602,315 640,159 582,014 638,157 551,411 Interest-bearing: Transaction 1,701,382 1,688,131 1,671,993 1,530,491 1,455,856 Savings 24,558 24,074 25,888 26,370 27,827 Time 682,292 829,255 736,316 717,027 726,530 -------------- --------------- ------------- --------------- -------------- Total interest-bearing 2,408,232 2,541,460 2,434,197 2,273,888 2,210,213 -------------- --------------- ------------- --------------- -------------- Total Texas 3,010,547 3,181,619 3,016,211 2,912,045 2,761,624 -------------- --------------- ------------- --------------- -------------- New Mexico: Demand 126,111 124,088 144,138 147,307 159,125 Interest-bearing: Transaction 464,569 432,342 434,521 410,166 408,160 Savings 17,972 16,417 16,804 16,860 17,805 Time 485,662 490,460 481,993 494,426 483,428 -------------- --------------- ------------- --------------- -------------- Total interest-bearing 968,203 939,219 933,318 921,452 909,393 -------------- --------------- ------------- --------------- -------------- Total New Mexico 1,094,314 1,063,307 1,077,456 1,068,759 1,068,518 -------------- --------------- ------------- --------------- -------------- Arkansas: Demand 10,980 12,589 11,914 11,521 11,629 Interest-bearing: Transaction 21,762 17,905 19,504 20,577 26,675 Savings 1,029 1,010 1,058 1,072 1,051 Time 54,687 57,446 61,966 69,418 73,082 -------------- --------------- ------------- --------------- -------------- Total interest-bearing 77,478 76,361 82,528 91,067 100,808 -------------- --------------- ------------- --------------- -------------- Total Arkansas 88,458 88,950 94,442 102,588 112,437 -------------- --------------- ------------- --------------- -------------- Colorado: Demand 39,821 48,756 38,264 45,214 56,419 Interest-bearing: Transaction 314,506 328,254 275,714 245,504 258,801 Savings 12,092 12,632 13,037 13,786 16,315 Time 502,880 485,200 421,841 379,239 309,068 -------------- --------------- ------------- --------------- -------------- Total interest-bearing 829,478 826,086 710,592 638,529 584,184 -------------- --------------- ------------- --------------- -------------- Total Colorado 869,299 874,842 748,856 683,743 640,603 -------------- --------------- ------------- --------------- -------------- Arizona: Demand 29,461 39,352 62,234 73,696 55,421 Interest-bearing: Transaction 67,364 73,729 74,786 67,841 57,400 Savings 1,367 1,978 2,408 2,702 3,380 Time 10,018 6,574 4,549 4,077 4,608 -------------- --------------- ------------- --------------- -------------- Total interest-bearing 78,749 82,281 81,743 74,620 65,388 -------------- --------------- ------------- --------------- -------------- Total Arizona 108,210 121,633 143,977 148,316 120,809 -------------- --------------- ------------- --------------- -------------- Kansas: Demand 325 14 - - - Interest-bearing: Transaction 670 287 - - - Savings 11 2 - - - Time 28,166 5,721 - - - -------------- --------------- ------------- --------------- -------------- Total interest-bearing 28,847 6,010 - - - -------------- --------------- ------------- --------------- -------------- Total Kansas 29,172 6,024 - - - -------------- --------------- ------------- --------------- -------------- TOTAL BOK FINANCIAL $ 12,208,583 $ 12,386,705 $ 11,656,182 $ 11,306,785 $ 11,308,246 ============== =============== ============= =============== ==============
NET INTEREST MARGIN TREND - UNAUDITED BOK FINANCIAL CORPORATION Quarter Ended --------------------------------------------------------------------------------- March 31, December 31, September 30, June 30, March 31, 2007 2006 2006 2006 2006 -------------- --------------- ------------- --------------- -------------- TAX-EQUIVALENT ASSETS YIELDS Trading securities 7.11% 5.64% 4.13% 4.86% 5.07% Funds sold and resell agreements 4.84% 5.46% 5.00% 5.09% 4.58% Securities: Taxable 4.86% 4.69% 4.63% 4.75% 4.60% Tax-exempt 6.09% 5.52% 5.43% 5.12% 5.36% -------------- --------------- ------------- --------------- -------------- Total securities 4.93% 4.74% 4.68% 4.77% 4.64% Total loans 7.93% 7.94% 7.99% 7.68% 7.35% Less Allowance for loan losses - - - - - -------------- --------------- ------------- --------------- -------------- Total loans, net 8.02% 8.02% 8.08% 7.76% 7.44% -------------- --------------- ------------- --------------- -------------- Total tax-equivalent yield on earning assets 7.02% 6.93% 6.91% 6.71% 6.42% COST OF INTEREST-BEARING LIABILITIES Interest-bearing deposits: Interest-bearing transaction 3.08% 2.99% 2.88% 2.61% 2.37% Savings 1.03% 1.04% 0.98% 0.92% 0.86% Time 4.69% 4.65% 4.46% 4.26% 4.03% -------------- --------------- ------------- --------------- -------------- Total interest-bearing deposits 3.72% 3.67% 3.54% 3.30% 3.06% Funds purchased and repurchase agreements 5.16% 5.18% 5.11% 4.87% 4.33% Other borrowings 5.52% 5.50% 5.42% 5.09% 4.60% Subordinated debt 7.09% 6.95% 7.05% 6.76% 6.74% -------------- --------------- ------------- --------------- -------------- Total cost of interest-bearing liabilities 4.14% 4.10% 3.98% 3.73% 3.43% -------------- --------------- ------------- --------------- -------------- Tax-equivalent net interest revenue spread 2.88% 2.83% 2.93% 2.98% 2.99% Effect of noninterest-bearing funding sources and oth0.44% 0.42% 0.45% 0.42% 0.40% -------------- --------------- ------------- --------------- -------------- Tax-equivalent net interest margin 3.32% 3.25% 3.38% 3.40% 3.39% ============== =============== ============= =============== ==============
CREDIT QUALITY INDICATORS BOK FINANCIAL CORPORATION (In thousands, except ratios) Quarter Ended ------------------------------------------------------------------------------ March 31, December 31, September 30, June 30, March 31, 2007 2006 2006 2006 2006 -------------- --------------- ------------- --------------- -------------- Nonperforming assets: Nonaccruing loans $ 31,334 $ 26,055 $ 30,476 $ 30,976 $ 32,229 Renegotiated loans 964 1,111 1,064 - - Real estate and other repossessed assets 8,414 8,486 9,322 8,257 8,196 -------------- --------------- ------------- --------------- -------------- Total nonperforming assets $ 40,712 $ 35,652 $ 40,862 $ 39,233 $ 40,425 ============== =============== ============= =============== ============== Performing loans 90 days past due $ 20,623 $ 5,945 $ 5,076 $ 9,630 $ 3,919 Gross charge-offs $ 6,387 $ 5,867 $ 8,099 $ 5,881 $ 4,149 Recoveries 3,268 3,079 3,803 2,085 2,564 -------------- --------------- ------------- --------------- -------------- Net charge-offs $ 3,119 $ 2,788 $ 4,296 $ 3,796 $ 1,585 ============== =============== ============= =============== ============== Provision for credit losses $ 6,500 $ 5,953 $ 5,254 $ 3,795 $ 3,400 Reserve for loan losses to period end loans (A) 1.03% 1.03% 1.06% 1.07% 1.14% Combined reserves for credit losses to period end loans 1.21% 1.22% 1.28% 1.30% 1.38% Nonperforming assets to period end loans (A) and repossessed assets 0.37% 0.33% 0.41% 0.40% 0.44% Net charge-offs (annualized) to average loans (A) 0.12% 0.11% 0.18% 0.16% 0.07% Reserve for loan losses to nonaccruing loans 365.01% 420.25% 346.06% 337.44% 323.13% Combined reserves for credit losses to nonaccruing loans 426.91% 500.43% 417.45% 407.62% 391.77% (A) excluding residential mortgage loans held for sale