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Consolidated Statements of Earnings (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest revenue        
Loans $ 123,830 $ 131,102 $ 247,570 $ 263,046
Residential mortgage loans held for sale 1,505 2,177 2,844 3,924
Trading securities 434 542 848 1,152
Taxable securities 2,800 1,784 5,145 2,786
Tax-exempt securities 1,324 1,766 2,720 3,561
Total investment securities 4,124 3,550 7,865 6,347
Taxable securities 69,978 75,228 138,992 152,803
Tax-exempt securities 600 542 1,207 1,196
Total available for sale securities 70,578 75,770 140,199 153,999
Mortgage trading securities 5,243 4,448 8,473 8,483
Funds sold and resell agreements 3 8 7 16
Total interest revenue 205,717 217,597 407,806 436,967
Interest expense        
Deposits 23,160 26,292 47,202 53,909
Borrowed funds 3,015 3,657 4,846 7,270
Subordinated debentures 5,541 5,535 11,118 11,101
Total interest expense 31,716 35,484 63,166 72,280
Net interest revenue 174,001 182,113 344,640 364,687
Provision for credit losses 2,700 36,040 8,950 78,140
Net interest revenue after provision for credit losses 171,301 146,073 335,690 286,547
Other operating revenue        
Brokerage and trading revenue 23,725 24,754 49,101 45,789
Transaction card revenue 31,024 28,263 59,469 53,950
Trust fees and commissions 19,150 17,737 37,572 34,057
Deposit service charges and fees 23,857 28,797 46,337 55,589
Mortgage banking revenue 19,356 18,335 36,712 33,206
Bank-owned life insurance 2,872 2,908 5,735 5,880
Other revenue 7,842 7,374 16,174 15,012
Total fees and commissions 127,826 128,168 251,100 243,483
Gain on sales of assets, net 3,344 1,545 3,276 155
Gain (loss) on derivatives, net 1,225 7,272 (1,188) 6,931
Gain on mortgage trading securities, net 9,921 14,631 6,403 15,079
Gain on available for sale securities, net 5,468 8,469 10,370 12,545
Total other-than-temporary impairment losses (74) (10,959) (74) (20,667)
Portion of loss recognized in (reclassified from) other comprehensive income (4,750) 8,313 (9,349) 13,796
Net impairment losses recognized in earnings (4,824) (2,646) (9,423) (6,871)
Total other operating revenue 142,960 157,439 260,538 271,322
Other operating expense        
Personnel 105,603 97,054 205,597 193,878
Business promotion 4,777 4,945 9,401 8,923
Professional fees and services 6,258 6,668 13,716 13,069
Net occupancy and equipment 15,554 15,691 31,158 31,202
Insurance 4,771 5,596 10,957 12,129
Data processing and communications 24,428 21,940 46,931 42,249
Printing, postage and supplies 3,586 3,525 6,668 6,847
Net losses and expenses of repossessed assets 5,859 13,067 11,874 20,287
Amortization of intangible assets 896 1,323 1,792 2,647
Mortgage banking costs 8,968 10,380 15,439 19,647
Change in fair value of mortgage servicing rights 13,493 19,458 10,364 5,526
Other expense 9,016 6,265 17,761 13,240
Total other operating expense 203,209 205,912 381,658 369,644
Income before taxes 111,052 97,600 214,570 188,225
Federal and state income tax 39,357 32,042 78,109 62,325
Net income 71,695 65,558 136,461 125,900
Net income attributable to non-controlling interest 2,688 2,036 2,680 2,245
Net income attributable to BOK Financial Corporation $ 69,007 $ 63,522 $ 133,781 $ 123,655
Earnings per share:        
Basic $ 1.01 $ 0.93 $ 1.96 $ 1.82
Diluted $ 1.00 $ 0.93 $ 1.95 $ 1.81
Average shares used in computation:        
Basic 67,898,483 67,605,807 67,900,279 67,599,349
Diluted 68,169,485 67,880,587 68,173,182 67,835,606
Dividends declared per share $ 0.275 $ 0.25 $ 0.525 $ 0.49