MidFirst Earnings Increase 34 Percent For Q2

Earnings for the first six months of 2008 totaled $138.5 million, compared to $104.6 million for the same period last year. Earnings for the second quarter of 2008 were $70.3 million compared to $52.6 million in the same quarter of 2007, an increase of 34 percent.
“MidFirst has been able to sustain its growth this year as the result of the diversity of its balance sheet and operating strategies. We continue to maintain the highest ratings by several independent bank rating firms,” said Bob Dilg, president and chief executive officer of MidFirst.
Assets grew approximately $2.7 billion or 22% over the prior year driven primarily by growth in investment securities, government-backed mortgage loans, and commercial loans. MidFirst’s combined regulatory capital and reserve base was approximately $1.1 billion at June 30, 2008.
MidFirst is Oklahoma’s second largest bank, with 49 offices and over 100 ATMs across Oklahoma.

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