| KRMG Local News |
BOK Loss
TULSA, Okla. (AP) _ BOK Financial Corp. has filed information
with the Securities and Exchange Commission indicating the company
expects a second-quarter credit loss provision of between $30
million and $35 million.
That would be substantially higher than its first-quarter credit
loss.
Officials with BOK Financial's Tulsa-based parent company, Bank
of Oklahoma, are declining comment on the filing made with the
commission today.
The company expects net loan charge-offs to be within a range of
$12 million to $14 million. For the first quarter, the financial
services company's provision for credit losses was $17.6 million,
while net loans charged off totaled $8.9 million.
The filing also says non-performing assets are expected to be
between $150 million and $165 million as of June 30th. That's up
from $126 million at the end of the first quarter.
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