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

ts 2,094,927 2,058,579 1,803,181

Accrued interest payable 8,520 11,441 11,764

Income tax payable 4,647 1,766 -

Other liabilities 9,425 10,154 7,852

Other borrowings 282,513 218,356 123,212

Subordinated debentures 46,393 46,393 46,393

Total liabilities 2,446,425 2,346,689 1,992,402

Shareholders' equity

Common stock - $1 par value;

20,000,000 shares authorized;

14,658,042 shares issued 14,658 14,658 14,658

Paid in capital 45,784 46,478 46,314

Retained earnings 165,318 161,482 148,574

Accumulated other comprehensive

gain (loss) 2,064 408 (826)

Treasury stock, at cost, 133,605

300,833 385,632 shares (2,407) (5,417) (6,943)

Total shareholders' equity 225,417 217,609 201,777

Total liabilities and

shareholders' equity $2,671,842 $2,564,298 $2,194,179

SOUTHWEST BANCORP, INC. Table 3

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands except per share)

For the three months

ended March 31,

2008 2007

Interest income

Loans $40,610 $40,286

Investment securities 2,336 2,679

Other interest-earning assets 28 65

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

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