Loans toa single affiliate may not exceed 10.0% and loans to all affiliates may not exceed 20.0% of unimpaired capital and surplus, as defined. Additionally, loans to affiliates must be fully secured. As of December 31, 2001 and 2000, these loans totaled $16 million and $27 million, respectively. The entire balance of affiliate loans in 2001 was to consolidated entities: Total loan commitments to affiliates at December 31, 2001 were $82 million. banks and bank holding companies to pay dividends, and BOK Financial’s credit agreement restricts the payment of dividends by the’holding company. During 2001 and 1999, 3% dividends payable in shares of BOK Financial common stock were declared and paid. The shares issued were valued at $35 million and $31 million, respectively, based on the average closing bid/ask prices on the day preceding declaration. No common stock dividends were paid in 2000. Per share data has been restated to reflect these stock dividends. Presently, management plans to recommend continued payment of an annual dividend in shares of common stock. All share and per share amounts for years previous to 1999 have been retroactively adjusted for a two-for-one stock split effected in the form of a stock dividend declared January 26, 1999 for stockholders of record on February 8, 1999. BOK Financial and its banking subsidiaries are subject to various capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and additional discretionary actions by regulators that could have a material effect on BOK Financial’s operations. These capital requirements include quantitative measures of assets, liabilities and certain off-balance sheet items. The capital standards are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. : : The amounts of dividends that BOK Financial’s subsidiary banks can declare and the amounts of loans the subsidiary banks can extend to-affiliates are limited by various federal and state banking regulations. Generally, dividends declared during a calendar year are limited to net profits, as defined, for the year plus retained profits for the preceding two years. The amounts of dividends are further restricted by minimum capital requirements. Pursuant to the most restrictive of the regulations at December 31, 2001, BOK Financial’s subsidiary banks could declare dividends up to $102 million without prior regulatory approval. The subsidiary banks declared and paid dividends of $92 million in 2001, $8 million in 2000, and $63 million in 1999; For a banking institution to qualify as well capitalized, its Tier I, Total and Leverage capital ratios must be at least 6%, 10% and 5%, respectively. Tier I capital consists primarily of common stockholders’ equity, excluding unrealized gains or losses on available for sale securities, less goodwill, core deposit premiums, and certain other intangible assets. Total capital consists primarily of Tier I capital plus preferred stock, subordinated debt and reserves for loan losses, subject to certain limitations. All of BOK Financial’s banking subsidiaries exceeded the regulatory definition of well capitalized. Regulatory Capital Subsidiary Banks (Dollars in thousands) Total Capital (to Risk Weighted Assets): Consolidated BOk Bank of Texas Bank of Albuquerque Bank of Arkansas Tier.I Capital (to Risk Weighted Assets): Consolidated BOk Bank of Texas Bank of Albuquerque Bank of Arkansas Tier I Capital (to: Average Assets): Consolidated BOk Bank: of Texas Bank of Albuquerque Bank of Arkansas 2001 2000 Amount Ratio Amount Ratio $959,703 11.56% $823,063 11.23% 769,031 11.39 700,380 11.43 156,380 12.27 105,188 11.66 70,969 15:42 60,182 13.23 12,824 17.29 12,442 15.76 $670,600 8.08% $591,185 8.06% 536,267 7.94 485,492 7:93 140,421 11.02 93,899 10.41 66,465 14.44 57,560 12.66 11,886 16.03 11;454 14.51 $670,600 6.38% $591,185 | 6.51% 536,267 6.23 485,492 6.59 140,421 8.28 93,899 8.58 66,465 6.35 57,560 6.32 11,886 8.99 11,454 8.05 December 31,