Southwest Bancorp (NASDAQ:OKSB) is a $307 million bank holding company that focuses on the special financial needs of healthcare and health professionals in the offices it operates in throughout Oklahoma, Texas and Kansas.
The bank repurchased all of the $70 million preferred securities that it issued under the CPP program and is slated to redeem its 10.5% Trust Preferred Securities in the middle of 2013, which it believes will improve net interest income by ~$3.5 million. This is a big step in the right direction, but it has weighed heavily on shareholders' equity that has also been pressured by unrealized losses on securities available for sale and some dilution that has stalled the bank's growth and put the...
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