Newspaper article THE JOURNAL RECORD

Southwest Bancorp Earnings Increase

Newspaper article THE JOURNAL RECORD

Southwest Bancorp Earnings Increase

Article excerpt

STILLWATER - Southwest Bancorp Inc. reported net income for the third quarter of $4.3 million, or 23 cents per diluted share, up from $4.1 million, or 22 cents per diluted share, for the third quarter of 2015.

"Loan growth was solid in the third quarter and there was good improvement in noninterest income," said Mark Funke, president and CEO.

Total loans increased $58.7 million to $1.9 billion from the second quarter and $332 million, or 21 percent from the third quarter of 2015.

Net interest income for the third quarter totaled $19.8 million, up from $16.5 million for the third quarter of 2015.

During the third quarter of 2016, Stillwater-based Southwest had $400,000 in restructuring charges for branch closures and personnel reductions. …

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