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, | | | 2021 | | 2020 | Assets | | | | | Cash and cash equivalents | | $ | 230,647 | | | $ | 183,805 | | | | | | | Loan to bank subsidiary | | 65,187 | | | 65,204 | | Investment in bank subsidiary | | 4,951,405 | | | 5,079,336 | | Investment in non-bank subsidiaries | | 228,447 | | | 195,768 | | Other assets | | 22,011 | | | 24,338 | | Total assets | | $ | 5,497,697 | | | $ | 5,548,451 | | | | | | | Liabilities and Shareholders’ Equity | | | | | Liabilities: | | | | | Other liabilities | | $ | 2,739 | | | $ | 6,180 | | Subordinated debentures | | 131,226 | | | 276,005 | | Total liabilities | | 133,965 | | | 282,185 | | Shareholders’ equity: | | | | | Common stock | | 5 | | | 5 | | Capital surplus | | 1,378,794 | | | 1,368,062 | | Retained earnings | | 4,447,691 | | | 3,973,675 | | Treasury stock | | (535,129) | | | (411,344) | | Accumulated other comprehensive income | | 72,371 | | | 335,868 | | Total shareholders’ equity | | 5,363,732 | | | 5,266,266 | | Total liabilities and shareholders’ equity | | $ | 5,497,697 | | | $ | 5,548,451 | |
Statements of Earnings (In thousands) | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2021 | | 2020 | | 2019 | Dividends, interest and fees received from bank subsidiary | | $ | 483,868 | | | $ | 179,140 | | | $ | 344,007 | | Dividends, interest and fees received from non-bank subsidiaries | | 8,030 | | | 25,050 | | | 9,325 | | Other revenue | | 767 | | | 907 | | | 1,036 | | | | | | | | | Total revenue | | 492,665 | | | 205,097 | | | 354,368 | | Interest expense | | 10,535 | | | 13,944 | | | 15,113 | | Other operating expense | | 2,914 | | | 2,697 | | | 2,352 | | Total expense | | 13,449 | | | 16,641 | | | 17,465 | | Net income before taxes, other losses, net, and equity in undistributed income of subsidiaries | | 479,216 | | | 188,456 | | | 336,903 | | Other gains (losses), net | | (3,415) | | | 1,465 | | | 3,310 | | Net income before taxes and equity in undistributed income of subsidiaries | | 475,801 | | | 189,921 | | | 340,213 | | Federal and state income taxes | | (4,202) | | | (4,502) | | | (4,516) | | Net income before equity in undistributed income of subsidiaries | | 480,003 | | | 194,423 | | | 344,729 | | Equity in undistributed income of bank subsidiaries | | 126,380 | | | 276,217 | | | 166,797 | | Equity in undistributed income of non-bank subsidiaries | | 11,738 | | | (35,610) | | | (10,768) | | Net income attributable to BOK Financial Corp. shareholders | | $ | 618,121 | | | $ | 435,030 | | | $ | 500,758 | |
Statements of Cash Flows (In thousands) | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2021 | | 2020 | | 2019 | Cash Flows From Operating Activities: | | | | | | | Net income | | $ | 618,121 | | | $ | 435,030 | | | $ | 500,758 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | Equity in undistributed income of bank subsidiaries | | (126,380) | | | (276,217) | | | (166,797) | | Equity in undistributed income of non-bank subsidiaries | | (11,738) | | | 35,610 | | | 10,768 | | Other losses (gains), net | | 3,415 | | | (1,465) | | | (3,310) | | Change in other assets | | 1,160 | | | 15,225 | | | (1,765) | | Change in other liabilities | | 389 | | | 850 | | | 855 | | Net cash provided by operating activities | | 484,967 | | | 209,033 | | | 340,509 | | Cash Flows From Investing Activities: | | | | | | | Investment in subsidiaries | | (25,665) | | | (14,807) | | | (19,837) | | Dissolution of subsidiaries | | 4,457 | | | — | | | — | | | | | | | | | Net cash used in investing activities | | (21,208) | | | (14,807) | | | (19,837) | | Cash Flows From Financing Activities: | | | | | | | Repayment of subordinated debentures | | (150,000) | | | — | | | — | | Issuance of common and treasury stock, net | | (4,874) | | | (4,933) | | | (7) | | Dividends paid | | (144,105) | | | (144,437) | | | (143,496) | | Repurchase of common stock | | (117,938) | | | (75,830) | | | (129,483) | | Net cash used in financing activities | | (416,917) | | | (225,200) | | | (272,986) | | Net increase (decrease) in cash and cash equivalents | | 46,842 | | | (30,974) | | | 47,686 | | Cash and cash equivalents at beginning of period | | 183,805 | | | 214,779 | | | 167,093 | | Cash and cash equivalents at end of period | | $ | 230,647 | | | $ | 183,805 | | | $ | 214,779 | | Cash paid for interest | | $ | 10,559 | | | $ | 14,064 | | | $ | 15,099 | |
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