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Southwest Bancorp Reports First Quarter 2008 Earnings per Share of $0.36
Date:4/17/2008

income 42,974 43,030

Interest expense

Interest-bearing deposits 18,254 17,223

Other borrowings 2,029 2,131

Subordinated debentures 884 962

Total interest expense 21,167 20,316

Net interest income 21,807 22,714

Provision for loan losses 2,236 1,861

Net interest income after provision for

loan losses 19,571 20,853

Noninterest income

Service charges and fees 2,457 2,235

Gain on sales of loans 840 1,208

Gain (loss) on investment securities 1,245 (448)

Other noninterest income 172 345

Total noninterest income 4,714 3,340

Noninterest expense

Salaries and employee benefits 9,222 8,125

Occupancy 2,458 2,403

FDIC and other insurance 453 123

Other real estate, net 10 (69)

General and administrative 3,687 6,249

Total other expenses 15,830 16,831

Income before taxes 8,455 7,362

Taxes on income 3,247 2,862

Net income $5,208 $4,500

Basic earnings per common share $0.36 $0.32

Diluted earnings per common share 0.36 0.31

Cash dividends dec
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SOURCE Southwest Bancorp, Inc.
Copyright©2008 PR Newswire.
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