Condensed Financial Statements [Text Block] |
(19) Parent Company Only Financial Statements
Summarized financial information for BOK Financial – Parent Company Only follows:
Balance Sheets | | | | | | | | | | (In thousands) | | December 31, | | | 2012 | | 2011 | Assets | | | | | Cash and cash equivalents | | $ | 457,514 |
| | $ | 386,695 |
| Available for sale securities | | 44,881 |
| | 40,766 |
| Investment in subsidiaries | | 2,464,729 |
| | 2,317,900 |
| Other assets | | 4,324 |
| | 8,682 |
| Total assets | | $ | 2,971,448 |
| | $ | 2,754,043 |
| | | | | | Liabilities and Shareholders’ Equity | | | | | Other liabilities | | $ | 13,588 |
| | $ | 3,575 |
| Total liabilities | | 13,588 |
| | 3,575 |
| Shareholders’ equity: | | | | | Common stock | | 4 |
| | 4 |
| Capital surplus | | 859,278 |
| | 818,817 |
| Retained earnings | | 2,137,541 |
| | 1,953,332 |
| Treasury stock | | (188,883 | ) | | (150,664 | ) | Accumulated other comprehensive income | | 149,920 |
| | 128,979 |
| Total shareholders’ equity | | 2,957,860 |
| | 2,750,468 |
| Total liabilities and shareholders’ equity | | $ | 2,971,448 |
| | $ | 2,754,043 |
|
Statements of Earnings | | | | | | | | | | | | | | (In thousands) | | Year Ended December 31, | | | 2012 | | 2011 | | 2010 | Dividends, interest and fees received from subsidiaries | | $ | 275,330 |
| | $ | 270,474 |
| | $ | 280,125 |
| Other revenue | | 2,295 |
| | 2,128 |
| | 1,883 |
| Other-than-temporary impairment losses recognized in earnings | | (1,099 | ) | | (2,098 | ) | | (1,679 | ) | Total revenue | | 276,526 |
| | 270,504 |
| | 280,329 |
| Interest expense | | 269 |
| | 354 |
| | 507 |
| Professional fees and services | | 765 |
| | 538 |
| | 795 |
| Other operating expense | | 3,099 |
| | 7,688 |
| | (47 | ) | Total expense | | 4,133 |
| | 8,580 |
| | 1,255 |
| Income before taxes and equity in undistributed income of subsidiaries | | 272,393 |
| | 261,924 |
| | 279,074 |
| Federal and state income tax | | (1,706 | ) | | (3,169 | ) | | 415 |
| Income before equity in undistributed income of subsidiaries | | 274,099 |
| | 265,093 |
| | 278,659 |
| Equity in undistributed income of subsidiaries | | 77,092 |
| | 20,782 |
| | (31,905 | ) | Net income attributable to BOK Financial Corp. shareholders | | $ | 351,191 |
| | $ | 285,875 |
| | $ | 246,754 |
|
Statements of Cash Flows | | | | | | | | | | | | | | (In thousands) | | Year Ended December 31, | | | 2012 | | 2011 | | 2010 | Cash flows from operating activities: | | | | | | | Net income | | $ | 351,191 |
| | $ | 285,875 |
| | $ | 246,754 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | Equity in undistributed income of subsidiaries | | (77,092 | ) | | (20,782 | ) | | 31,905 |
| Tax benefit (expense) on exercise of stock options | | 120 |
| | 659 |
| | (425 | ) | Change in other assets | | 4,237 |
| | 15,249 |
| | 20,713 |
| Change in other liabilities | | (5,085 | ) | | (18,884 | ) | | (20,216 | ) | Net cash provided by operating activities | | 273,371 |
| | 262,117 |
| | 278,731 |
| Cash flows from investing activities: | | | | | | | Purchases of available for sale securities | | (5,343 | ) | | (3,797 | ) | | (10,669 | ) | Sales of available for sale securities | | 4,781 |
| | 16,500 |
| | — |
| Investment in subsidiaries | | (9,100 | ) | | (7,250 | ) | | (21,692 | ) | Acquisitions, net of cash acquired | | (20,000 | ) | | — |
| | — |
| Net cash provided by (used in) investing activities | | (29,662 | ) | | 5,453 |
| | (32,361 | ) | Cash flows from financing activities: | | | | | | | Issuance of common and treasury stock, net | | 14,650 |
| | 14,541 |
| | 8,552 |
| Dividends paid | | (166,982 | ) | | (76,423 | ) | | (66,557 | ) | Repurchase of common stock | | (20,558 | ) | | (26,446 | ) | | — |
| Net cash used in financing activities | | (172,890 | ) | | (88,328 | ) | | (58,005 | ) | Net increase in cash and cash equivalents | | 70,819 |
| | 179,242 |
| | 188,365 |
| Cash and cash equivalents at beginning of period | | 386,695 |
| | 207,453 |
| | 19,088 |
| Cash and cash equivalents at end of period | | $ | 457,514 |
| | $ | 386,695 |
| | $ | 207,453 |
| Cash paid for interest | | $ | 269 |
| | $ | 354 |
| | $ | 507 |
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