(10) Other Borrowings Information relating to other borrowings is summarized as follows (dollars in thousands): Aggregate annual repayments of long-term debt at December 31; 2001 are as follows (in thousands): prime rate. Interest is paid quarterly. Facility fees are paid quarterly on the average daily undrawn commitment at a rate of 0.20% — 0.30% as determined by BOK Financial’s current debt rating. This credit agreement includes certain restrictive covenants that limit BOK Financial’s ability to borrow additional funds and to pay cash dividends on common stock. These covenants also require BOK Financial and its subsidiaries to maintain minimum capital levels and to exceed minimum net worth ratios. BOK Financial met all of the restrictive covenants at December 31, 2001. In 1997, BOk issued $150 million of 7.125% fixed rate subordinated debentures that mature in 2007. Interest rate swaps were used as a fair value hedge to convert the fixed interest on these debentures to a LIBOR-based floating rate. This permitted BOKk to adjust the carrying value of the subordinated debentures to fair value. In 2001, the interest rate swaps were terminated. The related market value adjustment of the subordinated debenture of $8 million will be recognized over the remaining life of the debt. Borrowings from the Federal Home Loan Bank are used for funding purposes. In accordance with policies of the Federal Home Loan Bank, BOK Financial has granted a blanket pledge of eligible assets (generally unencumbered U.S. Treasury and mortgage-backed securities, 1-4 family loans and multifamily loans) as collateral for these advances. The unused credit available to BOK Financial at December 31, 2001 pursuant to the Federal Home Loan Bank’s collateral policies is $187 million. BOK Financial has arevolving, unsecured credit agreement from certain banks at December 31, 2001 with available credit of $122.5 million. Interest is based on either the London Interbank Offering Rate (“LIBOR”) plus a defined margin that is determined by the principal balance outstanding and BOK Financial’s credit rating or a base rate. The base rate is defined as the greater of the daily federal funds rate plus 0.5% or the BOK Financial issued a $30 million, seven year subordinated debenture, bearing interest at LIBOR plus 1.75%, on March 23, 2001 to its principal shareholder George B. Kaiser (“Kaiser”). Funds purchased generally mature within one to ninety days from the transaction date. At December 31, 2001, securities sold under agreements to repurchase totaled $1.0 billion with related accrued interest payable of $1.3 million. Additional information relating to repurchase agreements at December 31,.2001 is as follows (dollars in thousands): i BOK Financial maintains control over the securities underlying overnight repurchase agreements and generally transfers control over securities underlying longer-term dealer repurchase agreements to the respective counterparty. 46 December 31 2001 2000 Maximum Maximum Outstanding Outstanding At Any At Any Balance Rate Month End Balance Rate Month End Parent Company: Revolving, unsecured line $ 95,000 2.77% $ 95,000 $. 95,000 7.60% $105,000 Subordinated debenture 30,000 3.86 30,000 - - - Other 95 6.23 132 132 6.23 132 Total parent company 125,095 3.03 95,132 7:60 Subsidiary Banks: Funds purchased and repurchase agreements 1,601,989 1.71 1,949,260 1,853,073 1.03 1,853,073 Federal Home Loan Bank advances 1,096,194 2.37 1,121,494 759,041 6.80 876,909 Subordinated debenture 156,302 6.15 158,890 148,816 7.02 148,816 Other 29.659 2.14 30,320 28,031 5.70 28,031 Total subsidiary bank 2,884,144 2.21 2,788,961 6.95 Total other borrowings $3,009,239 2.28 $2,884,093 6.53 Parent Subsidiary Company Banks 2002 $ 95 $2,302,891 2003 - 402,723 2004 95,000 4,325 2005 - 1,247 2006 - 4,782 Thereafter 30,000 168,176 Total $125,095 $2,884,144 Carrying Market Repurchase Average Security Sold/Maturity Value Value Liability’ Rate U.S. Agency Securities: Overnight $ 590,007 $ 595,594 $ 349,762 1.36% Term of up to 30 days 45,589 45,842 41,028 1.84 Term of 30 to 90 days 631.234 634,479 625,373 2.01 Total Agency Securities $1,266.830 $1,275,915 $1,016,163 1.78%