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Southwest Bancorp Reports First Quarter 2008 Earnings per Share of $0.36

41,950 505,192 487,096 394,668

Savings accounts 13,808 13,032 14,830 11,017 11,196

Time deposits of

$100,000 or more 690,421 690,985 580,850 571,584 646,668

Other time deposits 517,083 492,222 487,068 442,066 435,131

Total deposits $2,094,927 $2,058,579 $1,912,719 $1,823,806 $1,803,181


Nonaccrual loans $26,134 $19,534 $26,291 $22,633 $26,978

90 days past due

and accruing 2,807 10,037 2,803 1,625 2,462

Total nonperforming

loans 28,941 29,571 29,094 24,258 29,440

Other real estate

loans 3,328 2,679 1,654 1,508 1,869

Total nonperforming

assets $32,269 $32,250 $30,748 $25,766 $31,309

Potential nonperforming

loans $69,588 $61,633 $70,389 $69,595 $52,335


Balance, beginning

of period $29,584 $28,314 $28,054 $27,728 $27,293

Charge offs 2,044 1,290 2,105 1,875 1,728

Recoveries 174 96 216 94 302

Net charge offs 1,870 1,194 1,889 1,781 1,426

Provision for loan

losses 2,236 2,464 2,149 2,107 1,861

Balance, end of

period $29,950 $29,584 $28,314 $28,054 $27,728


Tier I capital $258,272 $251,980 $248,961 $251,460 $244,862

Total capital 292,567 284,730 279,031 278,799 269,513

Total risk adjusted

assets 2,728,622 2,595,090 2,374,152 2,123,862 1,967,001


Issued 14,658,042 14,658,042 14,658,042 14,658,042 14,6

SOURCE Southwest Bancorp, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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