Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only 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,
	2014			2013
Assets
Cash and cash equivalents	$	510,668		$	561,297
Available for sale securities	24,794			27,526
Investment in subsidiaries	2,774,276			2,426,495
Other assets	1,637			12,872
Total assets	$	3,311,375		$	3,028,190
Liabilities and Shareholders’ Equity
Other liabilities	$	9,196		$	8,141
Total liabilities	9,196			8,141
Shareholders’ equity:
Common stock	4			4
Capital surplus	954,644			898,586
Retained earnings	2,530,837			2,349,428
Treasury stock	(239,979		)	(202,346		)
Accumulated other comprehensive income (loss)	56,673			(25,623		)
Total shareholders’ equity	3,302,179			3,020,049
Total liabilities and shareholders’ equity	$	3,311,375		$	3,028,190

Statements of Earnings

(In thousands)	Year Ended December 31,
	2014			2013			2012
Dividends, interest and fees received from subsidiaries	$	75,412		$	225,340		$	275,330
Other revenue	1,572			3,341			2,295
Other-than-temporary impairment losses recognized in earnings	—			—			(1,099		)
Total revenue	76,984			228,681			276,526
Interest expense	293			292			269
Charitable contributions to BOKF Foundation	2,420			2,062			2,062
Professional fees and services	600			811			765
Other operating expense	1,556			1,210			1,037
Total expense	4,869			4,375			4,133
Income before taxes and equity in undistributed income of subsidiaries	72,115			224,306			272,393
Federal and state income taxes	(1,702		)	(1,578		)	(1,706		)
Income before equity in undistributed income of subsidiaries	73,817			225,884			274,099
Equity in undistributed income of subsidiaries	218,618			90,725			77,092
Net income attributable to BOK Financial Corp. shareholders	$	292,435		$	316,609		$	351,191

Statements of Cash Flows

(In thousands)	Year Ended December 31,
	2014			2013			2012
Cash Flows From Operating Activities:
Net income	$	292,435		$	316,609		$	351,191
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiaries	(218,618		)	(90,725		)	(77,092		)
Tax effect from equity compensation, net	(8,258		)	(2,210		)	(120		)
Change in other assets	8,726			(8,308		)	4,237
Change in other liabilities	1,055			4,263			(4,965		)
Net cash provided by operating activities	75,340			219,629			273,251
Cash Flows From Investing Activities:
Purchases of available for sale securities	—			—			(5,343		)
Proceeds from sales of available for sale securities	—			13,600			4,781
Investment in subsidiaries	(15,336		)	(36,000		)	(9,100		)
Acquisitions, net of cash acquired	—			(7,500		)	(20,000		)
Net cash used in investing activities	(15,336		)	(29,900		)	(29,662		)
Cash Flows From Financing Activities:
Issuance of common and treasury stock, net	4,472			16,566			14,650
Tax effect from equity compensation, net	8,258			2,210			120
Dividends paid	(111,026		)	(104,722		)	(166,982		)
Repurchase of common stock	(12,337		)	—			(20,558		)
Net cash used in financing activities	(110,633		)	(85,946		)	(172,770		)
Net increase (decrease) in cash and cash equivalents	(50,629		)	103,783			70,819
Cash and cash equivalents at beginning of period	561,297			457,514			386,695
Cash and cash equivalents at end of period	$	510,668		$	561,297		$	457,514
Cash paid for interest	$	293		$	292		$	269
Issuance of shares in settlement of deferred compensation, net	$	8,352		$	—		$	—