Bank of Kansas parent sees big gain in quarterly net income

07/24/2013 10:27 AM

07/24/2013 10:29 AM

The parent company of Bank of Kansas said Wednesday that its net income in the second quarter jumped from a year ago.

Southwest Bancorp said its second quarter 2013 net income was $4.4 million, compared with $3 million in the second quarter of 2012.

It said in a news release that decreases in noninterest expense, dividends on preferred stock, income tax expense and loan loss provisions helped push quarterly earnings higher.

The Stillwater, Okla.-based company said, however, net income for the first half of the year was down slightly from a year ago, $6.8 million compared with $7.1 million in the first half of 2012.

“As we move into the second half of 2013, we will continue to focus attention on improving asset quality, better operating efficiencies and appropriate capital management as we position our company for the future,” Southwest Bancorp CEO Mark Funke said in a news release.

Bank of Kansas is a $310 million bank based in South Hutchinson. It operates branches in Hutchinson, Wichita, Anthony, Harper and Overland Park.

Southwest Bancorp has $2 billion in assets and also operates Stillwater National Bank and Trust Co.

Wichita Top Jobs

View All Top Jobs

Join the Discussion

The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service