Q3 Earnings Down at Southwest Bancorp

Southwest Bancorp Inc. today reported results for the third quarter 2007.

Company-wide, net income for the third quarter of 2007 was $5.5 million, a 17 percent decrease from the $6.6 million reported for the third quarter of 2006.

The Stillwater-based company reported that their portfolio loans grew $330.5 million, or 21 percent, since year-end. The company attributes the growth to a successful Texas growth strategy.

At September 30, 2007, locations in Dallas, San Antonio, Austin, and Houston, accounted for $650.5 million (34 percent) of total portfolio loans, up $163.0 million (33 percent) since year end 2006.

At quarter-end, Kansas banking operations accounted for $273.2 million (14 percent) of total portfolio loans and had grown $70.8 million (35 percent) since year end 2006.



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