BRIEF: Bank of Kansas parent posts lower profit

Tue. October 20, 2009; Posted: 12:06 PM

Oct 20, 2009 (The Wichita Eagle - McClatchy-Tribune Information Services via COMTEX) -- OKSB | Quote | Chart | News | PowerRating -- The holding company of Bank of Kansas posted lower earnings for the third quarter and the first nine months of 2009.

Stillwater, Okla.-based Southwest Bancorp said net income available to common shareholders was $1.1 million in the quarter that ended Sept. 30, down from $2.3 million in the same quarter a year ago.

Year to date, net income available to common shareholders was $6.3 million compared with$11.7 million in the nine months of 2008.

"We continue to generate earnings from operations in a difficult banking environment and are taking steps designed to position ourselves to succeed when the economy improves," said Southwest CEO Rick Green in a news release. "For now, we expect continuing weakness in our commercial real estate markets and are clearly focused on identification and resolution of problem credits."

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