60 ? The loan ‘averages included loans on which the accrual of interest has been discontinued and are stated net of unearned income. See Note 1 of Notes to the Consolidated Financial Statements for:a description of income recognition policy.  "Tax equivalent at thé statutory federal and state rates of 38.9% for the periods presented. The taxable equivalent adjustments shown are for , comparative purposes. Consolidated Daily Average Balances, Average Yields and Rates Annual Financial Summary — Unaudited BOK FINANCIAL CORPORATION (Dollars in Thousands Except Per Share Data) 2001 Average Revenue/ Yield/ Balance Expense! Rate Assets Taxable securities $2,989,967 $184,464 6.17% Tax-exempt securities 277,309 19,935 719 Total securities 3,267,276 204,399 6.26 Trading securities 18,504 1,200 6.49 Funds sold and resell agreements 18,419 829 4.50 Loans? 5,989,224 456,250 7.62 Less reserve for loan losses 92,392 - Loans, net'of reserve 5,896,832 456,250 7.74 Total earning assets 9,201,031 662,678 7.20 Cash.and other assets 1,016,003 Total assets $10,217,034 Liabilities and Shareholders’ Equity Transaction deposits $ 2,267,032 49,893 2.20% Savings deposits 154,934 2,281 1.47 Time deposits 2,960,170 156,213 5.28 Total interest-bearing deposits 5,382,136 208,387 3.87 Federal funds purchased and repurchase agreements 1,652,467 64,358 3.89 Other borrowed funds 974,907 44,191 4.53 Subordinated debenture 180,211 10,923 6.06 Total interest-bearing habilities 8,189,721 327,859 4.00 Demand deposits 1,102,958 Other liabilities 145,511 Shareholders’ equit 778,844 Total liabilities and shareholders’ equity $10,217,034 Tax-equivalent Net Interest Revenue 334,819 220% Tax-equivalent Net Interest Revenue to Earning Assets Less tax-equivalent adjustment 8,045 Net Interest Revenue 326,774 Provision for loan losses 37,610 Other operating revenue 259,640 Other. operating expense 368,762 Income before taxes 180,042 Federal-and state income tax 63,740 Net Income $116,302