For additional information:
For Immediate Release	Rick Green             President & CEO             Priscilla J. Barnes             Senior EVP & COO             (405) 372-2230

Southwest Bancorp Inc. Reports Net Income

of $4.1 Million for the Second Quarter of 2012

July 18, 2012, Stillwater, Oklahoma . . . . Southwest Bancorp, Inc. (NASDAQ Global Select Market - OKSB, OKSBP), (“Southwest”), today reported earnings for the second quarter of 2012 of $4.1 million, compared to a loss of ($3.0) million for the second quarter of 2011. Net income available to common shareholders was $3.0 million, or $0.15 per diluted share for the second quarter of 2012, compared to a net loss available to common shareholders of ($4.0) million, or ($0.21) per diluted share for the second quarter of 2011.

Southwest reported earnings for the first half of 2012 of $9.3 million, compared to a loss of ($0.5) million for the first half of 2011. Net income available to common shareholders was $7.1 million, or $0.37 per diluted share, for the first half of 2012, compared to a net loss available to common shareholders of ($2.6) million, or ($0.13) per diluted share, for the first half of 2011.

Rick Green, President and CEO, stated, “Our second quarter was one of continued profitability and regulatory achievements. We are pleased that the total of nonperforming assets plus potential problem loans is down and loan losses continue to decline. These factors, in addition to our smaller loan portfolio, reduced the required loan loss provision, which contributed to our performance. The reduction in loans also resulted in a decrease in net interest income. While we anticipate that further portfolio decreases may occur, we are working to stabilize loan revenue and volume by generating new loans prudently and profitably by focusing on customers in our primary markets.

“As of June 30, 2012, the capital ratios of Southwest and each of its banking subsidiaries continued to substantially exceed the ratios for regulatory classification as “well-capitalized”, our nonperforming assets were 2.51% of our noncovered portfolio loans, and our allowance for loan losses was 2.92% of noncovered portfolio loans.”

Mr. Green also noted, “We have continued to achieve our regulatory goals. In May 2012, the Office of the Comptroller of the Currency released Stillwater National from the formal regulatory agreement and the individual minimum capital agreement entered in January 2010. Earlier this month, with the consent of the Federal Reserve Bank of Kansas City, we terminated supervisory resolutions that we had adopted at its request in July 2009. Termination of these actions will reduce our regulatory burdens.

“We earlier announced our intention to bring current all dividends on our trust preferred securities and our Series B Preferred Stock owned by the Department of the Treasury. We now have brought current all the trust preferred securities and will bring the Series B Preferred Stock current in the next several days in accordance with its terms.

“Our Series B Preferred Stock carries with it significant burdens, and its dividend rate is scheduled to increase from 5% to 9% after 2013. With the termination of our regulatory agreements and resolutions and our payment of all dividends due, we now have as a top priority the redemption of our Series B Preferred Stock.

“Earlier this year, we reported that I plan to retire as President and CEO in January 2013. I am glad to report that our Board of Directors has made significant progress in identifying President and CEO candidates, has narrowed the field to a pool of highly-qualified finalists, and is proceeding to find the best fit expeditiously.”

NASDAQ: OKSB

OKSBP

Southwest Bancorp Inc. Reports Net Income of $4.1 Million for the Second Quarter of 2012

Key items for the quarter were as follows:

Unless otherwise indicated, the following discussion excludes “covered” assets, which are subject to loss sharing agreements with the FDIC. For information on covered versus noncovered assets, please see the accompanying unaudited financial statement and tables.

• Nonperforming loans were $20.7 million, 1.38% of portfolio loans, as of June 30, 2012, an increase of $6.3 million from $14.4 million, 0.92% of portfolio loans, as of March 31, 2012. This increase is primarily the result of one healthcare related loan in our Texas market.

• Nonperforming assets were $38.0 million, or 2.51% of portfolio loans and other real estate, as of June 30, 2012, an increase of $4.2 million (12%) from $33.8 million, or 2.12% of portfolio loans and other real estate, as of March 31, 2012. The increase in nonperforming assets during the second quarter of 2012 is attributable to placing $12.2 million in loans on nonaccrual, offset in part by the receipt of $3.8 million in resolutions and payments on nonperforming loans, the receipt of $1.1 million from sales of other real estate, net charge-offs of $2.2 million in nonperforming loans, and the recognition of impairments in other real estate assets of $1.0 million, which resulted in the Kansas Banking segment second quarter loss.

• Potential problem loans were $111.1 million as of June 30, 2012, a decrease of $15.2 million (12%) from $126.3 million as of March 31, 2012. The decrease in potential problem loans resulted from $15.9 million in resolutions and paydowns, $11.8 million in movement to nonaccrual, and $8.6 million in upgrades, offset in part by the identification of $21.1 million in additional potential problem loans.

• The allowance for loan losses was $43.8 million at June 30, 2012, a decrease of $1.2 million (3%) from March 31, 2012. The allowance for loan losses to portfolio loans was 2.92% as of June 30, 2012 compared to 2.87% as of March 31, 2012. The allowance for loan losses to nonperforming loans was 211.43% as of June 30, 2012 compared to 312.14% as of March 31, 2012.

• Portfolio loans decreased $72.2 million (5%) from March 31, 2012. The decline was anticipated due in part to the change in our lending focus away from larger average size loans.

• The capital ratios of Southwest and each of its banking subsidiaries, as of June 30, 2012, met the criteria for regulatory classification as “well-capitalized”. Southwest’s total regulatory capital was $404.3 million, for a total risk-based capital ratio of 23.52%, and Tier 1 capital was $382.3 million, for a Tier 1 risk-based capital ratio of 22.24%. Southwest’s capital exceeded the minimum to be classified as “well-capitalized” by $232.3 million. Stillwater National Bank, Southwest’s principal banking subsidiary, had total regulatory capital of $329.2 million, for a total risk-based capital ratio of 21.42%, and Tier 1 capital of $294.7 million, for a Tier 1 risk-based capital ratio of 19.17%. Stillwater National Bank exceeded the minimum to be classified as “well-capitalized” by $175.5 million. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by Federal bank regulators.

• At June 30, 2012, the holding company had $22.3 million in available cash.

Financial Overview

Condition: At June 30, 2012 total assets were $2.3 billion, down $113.2 million, or 5%, from December 31, 2011, and total loans were $1.6 billion, down $210.1 million, or 12%, from December 31, 2011.

At June 30, 2012 the noncovered allowance for loan losses was $43.8 million, a decrease of 1% from December 31, 2011. The noncovered allowance for loan losses to noncovered portfolio loans was 2.92% as of June 30, 2012 compared to 2.62% as of December 31, 2011.

Investment securities increased $65.0 million, or 24%, to $340.4 million as of June 30, 2012, from $275.4 million as of December 31, 2011. The increase is primarily the result of a $31.5 million, or 17%, increase in government agency guaranteed residential mortgage-backed securities, a $19.4 million, or 30%, increase in U.S. government and agency securities, a $12.7 million, or 48%, increase in municipal securities, and $1.2 million in other mortgage-backed securities. The investment portfolio is managed to provide safety, liquidity, and collateral for public funds and borrowings. Southwest plans to continue to invest in treasury, U.S. agency, and high grade municipal securities. The investment portfolio continues to be managed in compliance with the current investment policy, including the average duration of the portfolio not exceeding four years.

NASDAQ: OKSB

OKSBP

Southwest Bancorp Inc. Reports Net Income of $4.1 Million for the Second Quarter of 2012

Total core funding, which includes all non-brokered deposits and sweep repurchase agreements, comprised 98% of total funding as of June 30, 2012, compared to 94% at December 31, 2011. Core funding by segment is as follows as of June 30, 2012 and December 31, 2011, respectively: $1,359.6 million and $1,426.2 million in Oklahoma banking, $155.1 million and $156.2 million in Texas banking, $273.2 million and $273.6 million in Kansas banking, and $27.4 million and $3.9 million in the secondary market and other operations segments. Wholesale funding, including FHLB borrowings, federal funds purchased, and brokered deposits, accounted for 2% of total funding at June 30, 2012, compared to 6% at December 31, 2011. Please see Table 7 for details on these non-GAAP financial measures.

Second Quarter Results:

Summary: For the second quarter of 2012, net income available to common shareholders was $3.0 million, compared to a net loss available to common shareholders of ($4.0) million for the second quarter of 2011. The $7.0 million increase in our net income available to common shareholders from second quarter 2011 is the result of a $20.1 million decrease in the provision for loan losses, offset in part by a $5.2 million decrease in net interest income, a $6.0 million increase in income tax expense, and a $1.8 million increase in noninterest expense.

The second quarter 2012 effective tax rate was 37.12%.

Net Interest Income: Net interest income totaled $19.7 million for the second quarter of 2012, compared to $25.0 million for the second quarter of 2011, a decrease of $5.2 million, or 21%, and to $20.8 million for the first quarter of 2012, a decrease of $1.1 million, or 5%. Lower average loan volume was the primary cause of each of these decreases. Net interest margin was 3.71% for the second quarter of 2012, compared to 3.79% for the second quarter of 2011 and 3.82% for the first quarter of 2012.

Provision for Loan Losses and Net Charge-offs: The provision for loan losses totaled $32,000 for the second quarter of 2012, compared to $20.1 million for second quarter of 2011 and $1.7 million for the first quarter of 2012. Net charge-offs totaled $1.2 million, or 0.31% (annualized) of average portfolio loans for the second quarter of 2012, compared to $26.9 million, or 4.76% (annualized) of average portfolio loans for the second quarter of 2011 and $1.3 million, or 0.32% (annualized) of average portfolio loans for the first quarter of 2012. The provision for loan losses is the amount of expense that is required to maintain the allowance for losses at an appropriate level based upon the inherent risks in the loan portfolio after the effects of net charge-offs for the period.

Noninterest Income: Noninterest income totaled $3.6 million for the second quarter of 2012, compared to $3.6 million for the second quarter of 2011 and $3.5 million for the first quarter of 2012.

Noninterest Expense: Noninterest expense totaled $16.8 million for the second quarter of 2012, compared to $15.0 million for the second quarter of 2011 and $14.3 million for the first quarter of 2012.

The $1.8 million increase from second quarter of 2011 consists of a $2.0 million increase in general and administrative expense, which is primarily the result of the prior year settlement of Oklahoma state tax claims for less than the amount accrued, a $0.4 million increase in personnel expense, and a $0.3 million increase in the provision for unfunded loan commitments, offset in part by a $0.5 million decrease in other real estate expense, a $0.2 million decrease in FDIC and other insurance expense, and a $0.1 million decrease in occupancy expense.

The $2.5 million increase from first quarter of 2012 consists of a $1.7 million increase in other real estate expense due to the fair value write-down of properties and increased expenses, a $0.4 million increase in general and administrative expense due to a second quarter write-down of an investment carried at cost, and a $0.3 million increase in the provision for unfunded loan commitments.

Year-to-date Results:

Summary: Net income available to common shareholders was $7.1 million as of June 30, 2012, compared to a net loss available to common shareholders of ($2.6) million as of June 30, 2011. The $9.7 million increase in our net income available to common shareholders from 2011 is the result of a $27.4 million decrease in the provision for loan losses and a $0.3 million increase in noninterest income, offset in part by a $9.8 million decrease in net interest income, a $7.6 million increase in income tax expense, and a $0.5 million increase in noninterest expense.

The year-to-date effective tax rate was 37.33% as of June 30, 2012.

NASDAQ: OKSB

OKSBP

Southwest Bancorp Inc. Reports Net Income of $4.1 Million for the Second Quarter of 2012

Net Interest Income: Net interest income totaled $40.6 million for the first six months of 2012, compared to $50.4 million for the first six months of 2011, a decrease of $9.8 million, or 19%. Lower loan volume was the primary cause of this decrease. Year-to-date net interest margin was 3.77%, compared to 3.78% for 2011.

Provision for Loan Losses and Net Charge-offs: The provision for loan losses totaled $1.7 million for the first six months of 2012, compared to $29.2 million for the first six months of 2011. Net charge-offs totaled $2.5 million, or 0.32% (annualized) of average portfolio loans year-to-date as of June 30, 2012, compared to $39.8 million, or 3.49% (annualized) of average portfolio loans for the same period 2011. The provision for loan losses is the amount of expense that is required to maintain the allowance for losses at an appropriate level based upon the inherent risks in the loan portfolio after the effects of net charge-offs for the period.

Noninterest Income: Noninterest income totaled $7.1 million for the first six months of 2012, compared to $6.9 million for the first six months of 2011. The increase in noninterest income was primarily the result of a $0.5 million increase in gain on sale of loans, offset in part by a $0.3 million decline in service charges and fees.

Noninterest Expense: Noninterest expense totaled $31.1 million for the first six months of 2012, compared to $30.6 million for the first six months of 2011. The increase consists of a $1.6 million increase in general and administrative expense, which is primarily the result of the prior year settlement of Oklahoma state tax claims for less than the amount accrued, a $0.4 million increase in the provision for unfunded loan commitments, and a $0.1 million increase in personnel expense, offset in part by a $0.7 million decrease in FDIC and other insurance expense, a $0.6 million decrease in other real estate expense, and a $0.3 million decrease in occupancy expense.

Southwest Bancorp and Subsidiaries

Southwest is the bank holding company for Stillwater National Bank and Trust Company (“Stillwater National”) and Bank of Kansas. Through its subsidiaries, Southwest offers commercial and consumer lending, deposit and investment services, specialized cash management, and other financial services from offices in Oklahoma, Texas, and Kansas, and on the Internet, through SNB DirectBanker^®. We were organized in 1981 as the holding company for Stillwater National, which was chartered in 1894. At June 30, 2012 we had total assets of $2.3 billion, deposits of $1.8 billion, and shareholders’ equity of $314.6 million.

Our area of expertise focuses on the special financial needs of healthcare and health professionals, businesses and their managers and owners, and commercial and commercial real estate borrowers. We established a strategic focus on healthcare lending in 1974. We provide credit and other services, such as deposits, cash management, and document imaging for physicians and other healthcare practitioners to start or develop their practices and finance the development and purchase of medical offices, clinics, surgical care centers, hospitals, and similar facilities. As of June 30, 2012, approximately $536.1 million, or 35%, of our noncovered loans were loans to individuals and businesses in the healthcare industry. We conduct regular market reviews of our current and potential healthcare lending and the appropriate concentrations within healthcare based upon economic and regulatory conditions.

We also focus on commercial real estate mortgage and construction credits. We do not focus on one-to-four family residential development loans or “spec” residential property credits. Additionally, subprime residential lending has never been a part of our business strategy, and our exposure to subprime mortgage loans and subprime lenders is minimal. One-to-four family mortgages account for less than 5% of total noncovered loans. As of June 30, 2012 approximately $1.1 billion, or 75%, of our noncovered loans were commercial real estate mortgage and construction loans, including $361.5 million of loans to individuals and businesses in the healthcare industry.

Southwest’s common stock is traded on the NASDAQ Global Select Market under the symbol OKSB. Southwest’s public trust preferred securities are traded on the NASDAQ Global Select Market under the symbol OKSBP.

Caution About Forward-Looking Statements

We make forward-looking statements in this news release that are subject to risks and uncertainties. We intend these statements to be covered by the safe harbor provision for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include:

• Statements of Southwest’s goals, intentions, and expectations;

• Estimates of risks and of future costs and benefits;

NASDAQ: OKSB

OKSBP

Southwest Bancorp Inc. Reports Net Income of $4.1 Million for the Second Quarter of 2012

• Expectations regarding our future financial performance and the financial performance of our operating segments;

• Expectations regarding regulatory actions;

• Expectations regarding our ability to utilize tax loss benefits;

• Assessments of loan quality, probable loan losses, and the amount and timing of loan payoffs;

• Estimates of the value of assets held for sale or available for sale; and

• Statements of our ability to achieve financial and other goals.

These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the direct and indirect effects of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Because of these uncertainties, the actual future results may be materially different from the results indicated by these forward-looking statements. In addition, Southwest’s past growth and performance do not necessarily indicate our future results. For other factors, risks, and uncertainties that could cause actual results to differ materially from estimates and projections contained in forward-looking statements, please read the “Risk Factors” contained in Southwest’s reports to the Securities and Exchange Commission.

The cautionary statements in this release also identify important factors and possible events that involve risk and uncertainties that could cause our actual results to differ materially from those contained in the forward-looking statements. These forward-looking statements speak only as of the date on which the statements were made. We do not intend, and undertake no obligation, to update or revise any forward-looking statements contained in this release, whether as a result of differences in actual results, changes in assumptions, or changes in other factors affecting such statements, except as required by law.

Southwest is required under generally accepted accounting principles to evaluate subsequent events and their impact, if any, on its financial statements as of June 30, 2012 through the date its financial statements are filed with the Securities and Exchange Commission. The June 30, 2012 financial statements included in this release will be adjusted if necessary to properly reflect the impact of subsequent events on estimates used to prepare those statements.

NASDAQ: OKSB

OKSBP

Southwest Bancorp Inc. Reports Net Income of $4.1 Million for the Second Quarter of 2012

Financial Tables

Unaudited Financial Highlights	Table 1
Unaudited Consolidated Statements of Financial Condition	Table 2
Unaudited Consolidated Statements of Operations	Table 3
Unaudited Average Balances, Yields, and Rates-Quarterly	Table 4
Unaudited Average Balances, Yields, and Rates-Year-to-Date	Table 5
Unaudited Quarterly Summary Loan Data	Table 6
Unaudited Quarterly Summary Financial Data	Table 7
Unaudited Quarterly Supplemental Analytical Data	Table 8

SOUTHWEST BANCORP, INC. UNAUDITED FINANCIAL HIGHLIGHTS	Table 1
(Dollars in thousands, except per share)

	Second Quarter									First Quarter
QUARTERLY HIGHLIGHTS	2012			2011			% Change			2012			% Change
Operations
Net interest income	$	19,747		$	24,985			(21	)%	$	20,849			(5	)%
Provision for loan losses		32			20,140			(100	)		1,716			(98	)
Noninterest income		3,601			3,604			—			3,514			2
Noninterest expense		16,769			14,980			12			14,309			17
Income (loss) before taxes		6,547			(6,531	)		(200	)		8,338			(21	)
Taxes on income		2,430			(3,561	)		(168	)		3,127			(22	)
Net income (loss)		4,117			(2,970	)		(239	)		5,211			(21	)
Net income (loss) available to common shareholders		3,011			(4,027	)		(175	)		4,119			(27	)
Diluted earnings per share		0.15			(0.21	)		(171	)		0.21			(29	)
Balance Sheet
Total assets		2,269,720			2,660,495			(15	)		2,273,861			(0	)
Loans held for sale		23,996			37,204			(36	)		38,765			(38	)
Noncovered portfolio loans		1,498,708			2,156,096			(30	)		1,570,866			(5	)
Covered portfolio loans		30,712			46,153			(33	)		33,314			(8	)
Total deposits		1,788,379			2,094,236			(15	)		1,806,780			(1	)
Total shareholders' equity		314,600			376,930			(17	)		311,643			1
Book value per common share		12.64			15.89			(20	)		12.50			1
Key Ratios
Net interest margin		3.71	%		3.79	%					3.82	%
Efficiency ratio		71.82			52.40						58.73
Total capital to risk-weighted assets		23.52			20.20						22.49
Nonperforming loans to portfolio loans - noncovered		1.38			7.01						0.92
Shareholders' equity to total assets		13.86			14.17						13.71
Tangible common equity to tangible assets*		10.56			11.38						10.42
Return on average assets (annualized)		0.72			(0.43	)					0.89
Return on average common equity (annualized)		4.92			(5.11	)					6.84
Return on average tangible common equity (annualized)**		5.06			(5.22	)					7.03
YEAR-TO-DATE HIGHLIGHTS	Six Months
	2012			2011			% Change
Operations
Net interest income	$	40,596		$	50,406			(19	)%
Provision for loan losses		1,748			29,190			(94	)
Noninterest income		7,115			6,853			4
Noninterest expense		31,078			30,605			2
Income (loss) before taxes		14,885			(2,536	)		(687	)
Taxes on income		5,557			(2,027	)		(374	)
Net income (loss)		9,328			(509	)		(1,933	)
Net income (loss) available to common shareholders		7,130			(2,619	)		(372	)
Diluted earnings per share		0.37			(0.13	)		(385	)
Balance Sheet
Total assets		2,269,720			2,660,495			(15	)
Loans held for sale		23,996			37,204			(36	)
Noncovered portfolio loans		1,498,708			2,156,096			(30	)
Covered portfolio loans		30,712			46,153			(33	)
Total deposits		1,788,379			2,094,236			(15	)
Total shareholders' equity		314,600			376,930			(17	)
Book value per common share		12.64			15.89			(20	)
Key Ratios
Net interest margin		3.77	%		3.78	%
Efficiency ratio (GAAP-based)		65.14			53.45
Total capital to risk-weighted assets		23.52			20.20
Nonperforming loans to portfolio loans - noncovered		1.38			7.01
Shareholders' equity to total assets		13.86			14.17
Tangible common equity to tangible assets*		10.56			11.38
Return on average assets		0.81			(0.04	)
Return on average common equity		5.87			(1.67	)
Return on average tangible common equity**		6.04			(1.71	)

Balance sheet amounts and ratios are as of period end unless otherwise noted.

* This is a Non-GAAP financial measure. Please see Table 8 for a reconciliation to the most directly comparable GAAP based measure.

** This is a Non-GAAP financial measure.

Please see accompanying tables for additional financial information.

SOUTHWEST BANCORP, INC. UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION	Table 2
(Dollars in thousands, except per share)

	June 30, 2012			December 31, 2011			June 30, 2011
Assets
Cash and due from banks	$	39,539		$	30,247		$	26,368
Interest-bearing deposits		236,336			199,642			41,733
Cash and cash equivalents		275,875			229,889			68,101
Securities held to maturity (fair values of $13,735, $15,885, $15,461, respectively)		12,962			15,252			15,419
Securities available for sale (amortized cost of $320,929, $253,869, $248,004, respectively)		327,416			260,100			252,734
Loans held for sale		23,996			38,695			37,204
Noncovered loans receivable		1,498,708			1,687,178			2,156,096
Less: Allowance for loan losses		(43,807	)		(44,233	)		(54,575	)
Net noncovered loans receivable		1,454,901			1,642,945			2,101,521
Covered loans receivable (includes loss share: $8,096, $10,073, and $12,101, respectively)		30,712			37,615			46,153
Less: Allowance for loan losses		(91	)		(451	)		—
Net covered loans receivable		30,621			37,164			46,153
Net loans receivable		1,485,522			1,680,109			2,147,674
Accrued interest receivable		7,014			7,176			7,973
Income tax receivable		24,974			28,666			11,393
Premises and equipment, net		22,436			22,700			23,158
Noncovered other real estate		17,263			19,844			38,956
Covered other real estate		3,825			4,529			3,806
Goodwill		6,811			6,811			6,811
Other intangible assets, net		4,760			4,857			5,069
Other assets		56,866			64,245			42,197
Total assets	$	2,269,720		$	2,382,873		$	2,660,495
Liabilities
Deposits:
Noninterest-bearing demand	$	421,083		$	400,985		$	389,027
Interest-bearing demand		119,929			105,905			124,346
Money market accounts		361,839			423,181			465,269
Savings accounts		35,610			33,406			29,586
Time deposits of $100,000 or more		431,317			487,907			570,116
Other time deposits		418,601			469,998			515,892
Total deposits		1,788,379			1,921,382			2,094,236
Accrued interest payable		831			3,689			1,574
Other liabilities		15,470			12,174			9,110
Other borrowings		68,477			56,479			96,682
Subordinated debentures		81,963			81,963			81,963
Total liabilities		1,955,120			2,075,687			2,283,565
Shareholders' equity
Serial preferred stock; 2,000,000 shares authorized; 70,000 shares issued and outstanding		68,837			68,455			68,084
Common stock - $1 par value; 40,000,000 shares authorized; 19,447,202, 19,444,213, 19,439,167 shares issued and outstanding, respectively		19,447			19,444			19,439
Additional paid-in capital		98,899			98,932			99,005
Retained earnings		125,373			118,244			188,174
Accumulated other comprehensive income		2,044			2,111			2,228
Total shareholders' equity		314,600			307,186			376,930
Total liabilities and shareholders' equity	$	2,269,720		$	2,382,873		$	2,660,495

SOUTHWEST BANCORP, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS	Table 3
(Dollars in thousands, except per share)

	For the three months ended June 30,					For the six months ended June 30,
	2012		2011			2012		2011
Interest income
Loans	$	21,708	$	29,478		$	45,085	$	60,017
Investment securities		2,139		1,864			4,085		3,610
Other interest-earning assets		193		130			377		270
Total interest income		24,040		31,472			49,547		63,897
Interest expense
Interest-bearing deposits		2,542		4,531			5,438		9,664
Other borrowings		222		494			446		991
Subordinated debentures		1,529		1,462			3,067		2,836
Total interest expense		4,293		6,487			8,951		13,491
Net interest income		19,747		24,985			40,596		50,406
Provision for loan losses		32		20,140			1,748		29,190
Net interest income after provision for loan losses		19,715		4,845			38,848		21,216
Noninterest income
Service charges and fees		2,931		3,231			5,858		6,109
Gain on sales of loans		582		401			1,117		595
Gain on investment securities		35		—			35		—
Other noninterest income (loss)		53		(28	)		105		149
Total noninterest income		3,601		3,604			7,115		6,853
Noninterest expense
Salaries and employee benefits		7,354		6,974			14,601		14,489
Occupancy		2,635		2,703			5,180		5,507
FDIC and other insurance		699		937			1,482		2,180
Other real estate, net		2,059		2,602			2,431		3,038
General and administrative		4,022		1,764			7,384		5,391
Total noninterest expense		16,769		14,980			31,078		30,605
Income (loss) before taxes		6,547		(6,531	)		14,885		(2,536	)
Taxes on income		2,430		(3,561	)		5,557		(2,027	)
Net income (loss)	$	4,117	$	(2,970	)	$	9,328	$	(509	)
Net income (loss) available to common shareholders	$	3,011	$	(4,027	)	$	7,130	$	(2,619	)
Basic earnings per common share	$	0.15	$	(0.21	)	$	0.37	$	(0.13	)
Diluted earnings per common share		0.15		(0.21	)		0.37		(0.13	)
Common dividends declared per share		—		—			—		—

SOUTHWEST BANCORP, INC. UNAUDITED AVERAGE BALANCES, YIELDS, AND RATES - QUARTERLY	Table 4
(Dollars in thousands)

	For the three months ended June 30,
	2012								2011
	Average Balance			Interest		Average Yield/ Rate			Average Balance			Interest		Average Yield/ Rate
Assets
Noncovered loans	$	1,565,342		$	21,125		5.43	%	$	2,250,678		$	28,551		5.09	%
Covered loans		31,853			583		7.36			47,427			927		7.84
Investment securities		339,435			2,139		2.53			266,344			1,864		2.81
Other interest-earning assets		202,040			193		0.38			82,898			130		0.63
Total interest-earning assets		2,138,670			24,040		4.52			2,647,347			31,472		4.77
Other assets		147,822								99,803
Total assets	$	2,286,492							$	2,747,150
Liabilities and Shareholders' Equity
Interest-bearing demand deposits	$	120,648		$	59		0.20	%	$	112,942		$	103		0.37	%
Money market accounts		356,758			234		0.26			490,559			582		0.48
Savings accounts		34,632			13		0.15			29,154			10		0.14
Time deposits		880,007			2,236		1.02			1,165,606			3,836		1.32
Total interest-bearing deposits		1,392,045			2,542		0.73			1,798,261			4,531		1.01
Other borrowings		59,754			222		1.49			87,991			494		2.25
Subordinated debentures		81,963			1,529		7.46			81,963			1,462		7.13
Total interest-bearing liabilities		1,533,762			4,293		1.13			1,968,215			6,487		1.32
Noninterest-bearing demand deposits		387,057								369,700
Other liabilities		50,696								25,066
Shareholders' equity		314,977								384,169
Total liabilities and shareholders' equity	$	2,286,492							$	2,747,150
Net interest income and spread				$	19,747		3.39	%				$	24,985		3.45	%
Net interest margin (1)							3.71	%							3.79	%
Average interest-earning assets to average interest-bearing liabilities		139.44	%							134.50	%

(1) Net interest margin = annualized net interest income / average interest-earning assets

SOUTHWEST BANCORP, INC. UNAUDITED AVERAGE BALANCES, YIELDS, AND RATES - YEAR-TO-DATE	Table 5
(Dollars in thousands)

	For the six months ended June 30,
	2012								2011
	Average Balance			Interest		Average Yield/Rate			Average Balance			Interest		Average Yield/Rate
Assets
Noncovered loans	$	1,614,980		$	43,848		5.46	%	$	2,288,570		$	58,206		5.13	%
Covered loans		33,951			1,237		7.33			49,449			1,811		7.39
Investment securities		327,180			4,085		2.51			261,391			3,610		2.79
Other interest-earning assets		191,839			377		0.40			87,770			270		0.62
Total interest-earning assets		2,167,950			49,547		4.60			2,687,180			63,897		4.80
Other assets		153,370								95,825
Total assets	$	2,321,320							$	2,783,005
Liabilities and Shareholders' Equity
Interest-bearing demand deposits	$	120,626		$	129		0.22	%	$	112,693		$	227		0.41	%
Money market accounts		375,289			520		0.28			490,931			1,259		0.52
Savings accounts		34,609			26		0.15			28,451			26		0.18
Time deposits		905,900			4,763		1.06			1,206,650			8,152		1.36
Total interest-bearing deposits		1,436,424			5,438		0.76			1,838,725			9,664		1.06
Other borrowings		57,301			446		1.57			89,088			991		2.24
Subordinated debentures		81,963			3,067		7.48			81,963			2,836		6.92
Total interest-bearing liabilities		1,575,688			8,951		1.14			2,009,776			13,491		1.35
Noninterest-bearing demand deposits		383,008								367,444
Other liabilities		49,692								22,445
Shareholders' equity		312,932								383,340
Total liabilities and shareholders' equity	$	2,321,320							$	2,783,005
Net interest income and spread				$	40,596		3.46	%				$	50,406		3.45	%
Net interest margin (1)							3.77	%							3.78	%
Average interest-earning assets to average interest-bearing liabilities		137.59	%							133.71	%

(1) Net interest margin = annualized net interest income / average interest-earning assets

SOUTHWEST BANCORP, INC. UNAUDITED QUARTERLY SUMMARY LOAN DATA	Table 6
(Dollars in thousands, except per share)

	2012						2011
	Jun. 30			Mar. 31			Dec. 31			Sep. 30			Jun. 30			Mar. 31
LOAN COMPOSITION
Noncovered:
Real estate mortgage:
Commercial	$	931,239		$	996,486		$	1,028,561		$	1,169,010		$	1,262,753		$	1,302,164
One-to-four family residential		74,390			76,287			80,375			85,272			87,407			87,286
Real estate construction
Commercial		211,098			222,678			227,098			348,053			372,576			403,635
One-to-four family residential		4,184			3,814			4,987			25,527			26,400			26,758
Commercial		263,085			273,324			346,266			367,241			404,229			416,392
Installment and consumer:
Guaranteed student loans		5,153			5,276			5,396			5,547			5,600			5,700
Other		33,555			31,766			33,190			32,946			34,335			36,493
Total noncovered loans, including held for sale		1,522,704			1,609,631			1,725,873			2,033,596			2,193,300			2,278,428
Less allowance for loan losses		(43,807	)		(45,023	)		(44,233	)		(64,698	)		(54,575	)		(61,285	)
Total noncovered loans, net	$	1,478,897		$	1,564,608		$	1,681,640		$	1,968,898		$	2,138,725		$	2,217,143
Covered:
Real estate mortgage:
Commercial	$	21,472		$	22,607		$	23,686		$	23,201		$	26,976		$	28,929
One-to-four family residential		5,432			5,766			7,072			7,378			8,113			8,192
Real estate construction
Commercial		1,627			2,344			3,746			5,987			6,001			6,144
One-to-four family residential		—			—			—			—			172			281
Commercial		2,033			2,401			2,841			4,286			4,461			5,021
Installment and consumer:		148			196			270			357			430			550
Total covered loans		30,712			33,314			37,615			41,209			46,153			49,117
Less allowance for loan losses		(91	)		(60	)		(451	)		—			—			—
Total covered loans, net	$	30,621		$	33,254		$	37,164		$	41,209		$	46,153		$	49,117
LOANS BY SEGMENT
Oklahoma banking	$	597,506		$	642,700		$	688,592		$	770,306		$	834,189		$	838,006
Texas banking		596,262			636,540			665,010			845,485			911,134			953,123
Kansas banking		198,404			202,050			238,468			252,302			260,431			272,685
Out of market		137,248			122,890			132,723			166,810			196,495			226,383
Subtotal		1,529,420			1,604,180			1,724,793			2,034,903			2,202,249			2,290,197
Secondary market		23,996			38,765			38,695			39,902			37,204			37,348
Total loans	$	1,553,416		$	1,642,945		$	1,763,488		$	2,074,805		$	2,239,453		$	2,327,545
NONPERFORMING LOANS BY TYPE
Construction & development	$	3,608		$	3,768		$	3,877		$	68,554		$	73,487		$	68,183
Commercial real estate		4,932			6,821			4,667			56,234			60,857			47,986
Commercial		10,878			2,209			3,374			6,080			15,224			16,633
One-to-four family residential		1,125			1,508			1,491			1,706			1,457			2,634
Consumer		176			118			140			152			153			27
Total nonperforming loans - noncovered	$	20,719		$	14,424		$	13,549		$	132,726		$	151,178		$	135,463
NONPERFORMING LOANS BY SEGMENT
Oklahoma banking	$	2,305		$	2,864		$	3,699		$	14,932		$	18,870		$	13,443
Texas banking		11,526			2,258			83			95,191			91,449			87,122
Kansas banking		6,214			8,617			9,070			7,976			9,725			7,924
Out of market		674			685			697			14,627			31,134			26,974
Total nonperforming loans - noncovered	$	20,719		$	14,424		$	13,549		$	132,726		$	151,178		$	135,463
OTHER REAL ESTATE BY TYPE
Construction & development	$	2,585		$	3,542		$	3,542		$	38,927		$	12,588		$	6,304
Commercial real estate		14,129			14,854			15,464			24,364			16,300			23,890
One-to-four family residential		549			933			838			7,494			10,068			10,873
Total other real estate - noncovered	$	17,263		$	19,329		$	19,844		$	70,785		$	38,956		$	41,067
OTHER REAL ESTATE BY SEGMENT
Oklahoma banking	$	6,178		$	6,273		$	6,178		$	8,709		$	2,613		$	4,616
Texas banking		9,162			9,846			9,846			35,270			17,398			18,652
Kansas banking		1,923			3,210			3,210			12,390			14,539			12,848
Out of market		—			—			610			14,416			4,406			4,951
Total other real estate - noncovered	$	17,263		$	19,329		$	19,844		$	70,785		$	38,956		$	41,067
POTENTIAL PROBLEM LOANS BY TYPE
Construction & development	$	25,563		$	33,907		$	43,607		$	75,867		$	111,032		$	111,204
Commercial real estate		71,537			67,654			55,873			162,692			140,079			85,833
Commercial		12,753			23,506			32,477			37,027			38,850			19,940
One-to-four family residential		1,230			1,253			1,082			1,108			1,210			429
Total potential problem loans - noncovered	$	111,083		$	126,320		$	133,039		$	276,694		$	291,171		$	217,406
POTENTIAL PROBLEM LOANS BY SEGMENT
Oklahoma banking	$	37,320		$	32,761		$	27,481		$	54,310		$	42,565		$	30,678
Texas banking		58,021			78,961			83,035			163,973			183,486			114,506
Kansas banking		3,118			1,893			836			14,530			11,289			19,472
Out of market		12,624			12,705			21,687			43,881			53,831			52,750
Total potential problem loans - noncovered	$	111,083		$	126,320		$	133,039		$	276,694		$	291,171		$	217,406

Continued

SOUTHWEST BANCORP, INC. UNAUDITED QUARTERLY SUMMARY LOAN DATA	Table 6 Continued
(Dollars in thousands, except per share)

	2012						2011
	Jun. 30			Mar. 31			Dec. 31		Sep. 30		Jun. 30		Mar. 31
OUT OF MARKET LOANS
Net balance out of market loans:
Arizona	$	39,449		$	34,749		$	26,372	$	35,978	$	49,977	$	57,657
Iowa		23,022			23,130			26,494		26,626		26,695		26,759
Ohio		11,502			12,650			12,741		9,367		9,568		9,963
California		9,922			10,252			10,530		10,737		9,814		9,984
Kentucky		9,455			517			488		490		492		494
South Carolina		7,320			—			—		—		—		—
Tennessee		6,310			6,368			6,427		6,484		6,550		6,606
Florida		6,240			6,269			6,421		6,374		10,582		7,600
Louisiana		4,974			4,931			5,336		5,644		5,963		8,018
New Mexico		3,714			3,715			15,215		21,019		21,092		28,226
Other		15,340			20,309			22,699		44,091		55,762		71,076
Total out of market loans	$	137,248		$	122,890		$	132,723	$	166,810	$	196,495	$	226,383
Nonperforming out of market loans:
Florida	$	287		$	293		$	299	$	305	$	1,479	$	1,479
Arizona		256			261			267		8,441		16,745		10,316
Colorado		131			131			131		746		4,909		880
New Mexico		—			—			—		5,135		5,135		11,827
Alabama		—			—			—		—		157		172
Other		—			—			—		—		2,709		2,300
Total nonperforming out of market loans	$	674		$	685		$	697	$	14,627	$	31,134	$	26,974
Potential problem out of market loans:
Iowa	$	11,970		$	12,035		$	—	$	—	$	—	$	—
New Mexico		—			—			11,542		11,589		11,635		—
Arizona		—			—			9,463		10,287		14,865		25,242
California		559			570			578		593		9,423		9,575
Florida		95			100			104		108		116		—
Colorado		—			—			—		17,034		13,500		17,933
Alabama		—			—			—		4,270		4,292		—
Total potential problem out of market loans	$	12,624		$	12,705		$	21,687	$	43,881	$	53,831	$	52,750
ALLOWANCE ACTIVITY
Balance, beginning of period	$	45,083		$	44,684		$	64,698	$	54,575	$	61,285	$	65,229
Charge offs		2,229			1,936			99,604		16,067		27,562		13,392
Recoveries		1,012			619			1,305		1,564		712		398
Net charge offs		1,217			1,317			98,299		14,503		26,850		12,994
Provision for loan losses		32			1,716			78,285		24,626		20,140		9,050
Balance, end of period	$	43,898		$	45,083		$	44,684	$	64,698	$	54,575	$	61,285
NET CHARGE OFFS BY TYPE
Construction & development	$	(85	)	$	(42	)	$	41,513	$	7,177	$	10,847	$	1,012
Commercial real estate		91			14			50,070		5,702		7,593		7,290
Commercial		1,228			1,211			6,434		1,469		7,999		4,337
One-to-four family residential		(105	)		123			1		55		165		58
Consumer		88			11			281		100		246		297
Total net charge offs by type	$	1,217		$	1,317		$	98,299	$	14,503	$	26,850	$	12,994
NET CHARGE OFFS BY SEGMENT
Oklahoma banking	$	(204	)	$	1,070		$	13,210	$	1,058	$	1,442	$	1,593
Texas banking		1,139			229			64,370		7,386		9,163		4,502
Kansas banking		324			166			8,872		361		1,791		372
Out of market		(42	)		(148	)		11,847		5,698		14,454		6,527
Total net charge offs by segment	$	1,217		$	1,317		$	98,299	$	14,503	$	26,850	$	12,994

SOUTHWEST BANCORP, INC. UNAUDITED QUARTERLY SUMMARY FINANCIAL DATA	Table 7
(Dollars in thousands, except per share)

	2012						2011
	Jun. 30			Mar. 31			Dec. 31			Sep. 30			Jun. 30			Mar. 31
NET INCOME (LOSS) BY SEGMENT
Oklahoma banking	$	4,497		$	3,158		$	(5,586	)	$	7		$	5,290		$	3,435
Texas banking		1,435			3,161			(35,435	)		(6,455	)		1,575			1,079
Kansas banking		(424	)		1,239			(7,533	)		(612	)		971			131
Out of market		693			(570	)		(7,857	)		(1,947	)		(9,039	)		(924	)
Subtotal		6,201			6,988			(56,411	)		(9,007	)		(1,203	)		3,721
Secondary market		124			286			144			90			127			(13	)
Other operations		(2,208	)		(2,063	)		(1,994	)		(608	)		(1,894	)		(1,247	)
Net income (loss)	$	4,117		$	5,211		$	(58,261	)	$	(9,525	)	$	(2,970	)	$	2,461
PER SHARE DATA
Basic earnings per common share	$	0.15		$	0.21		$	(3.05	)	$	(0.54	)	$	(0.21	)	$	0.07
Diluted earnings per common share		0.15			0.21			(3.05	)		(0.54	)		(0.21	)		0.07
Book value per common share		12.64			12.50			12.28			15.37			15.89			16.02
Tangible book value per share*		12.29			12.15			11.93			15.02			15.54			15.67
COMMON STOCK
Shares issued and outstanding		19,447,202			19,445,913			19,444,213			19,441,577			19,439,167			19,438,290
OTHER FINANCIAL DATA
Investment securities	$	340,378		$	333,860		$	275,352		$	269,599		$	268,153		$	258,436
Loans held for sale		23,996			38,765			38,695			39,902			37,204			37,348
Noncovered portfolio loans		1,498,708			1,570,866			1,687,178			1,993,694			2,156,096			2,241,080
Total noncovered loans		1,522,704			1,609,631			1,725,873			2,033,596			2,193,300			2,278,428
Covered portfolio loans		30,712			33,314			37,615			41,209			46,153			49,117
Total assets		2,269,720			2,273,861			2,382,873			2,572,492			2,660,495			2,779,028
Total deposits		1,788,379			1,806,780			1,921,382			2,022,253			2,094,236			2,218,571
Other borrowings		68,477			55,139			56,479			86,583			96,682			85,332
Subordinated debentures		81,963			81,963			81,963			81,963			81,963			81,963
Total shareholders' equity		314,600			311,643			307,186			367,024			376,930			379,350
Mortgage servicing portfolio		305,465			301,378			295,492			285,886			283,083			281,271
INTANGIBLE ASSET DATA
Goodwill	$	6,811		$	6,811		$	6,811		$	6,811		$	6,811		$	6,811
Core deposit intangible		2,785			2,906			3,030			3,155			3,285			3,420
Mortgage servicing rights		1,975			1,952			1,825			1,808			1,781			1,718
Nonmortgage servicing rights		—			—			2			3			3			3
Total intangible assets	$	11,571		$	11,669		$	11,668		$	11,777		$	11,880		$	11,952
Intangible amortization expense	$	282		$	296		$	252		$	226		$	222		$	361
DEPOSIT COMPOSITION
Non-interest bearing demand	$	421,083		$	395,141		$	400,985		$	388,365		$	389,027		$	369,013
Interest-bearing demand		119,929			119,759			105,905			98,270			124,346			112,731
Money market accounts		361,839			349,419			423,181			461,546			465,269			486,770
Savings accounts		35,610			34,679			33,406			31,319			29,586			28,440
Time deposits of $100,000 or more		431,317			464,876			487,907			551,914			570,116			669,817
Other time deposits		418,601			442,906			469,998			490,839			515,892			551,800
Total deposits**	$	1,788,379		$	1,806,780		$	1,921,382		$	2,022,253		$	2,094,236		$	2,218,571
OFFICES AND EMPLOYEES
FTE Employees		430			435			435			437			437			424
Branches		23			23			23			23			23			23
Loan production offices		2			2			2			2			2			2
Assets per employee	$	5,278		$	5,227		$	5,478		$	5,887		$	6,088		$	6,554
*This is a Non-GAAP based financial measure.
**Calculation of Non-brokered Deposits and Core Funding (Non-GAAP Financial Measures)
Total deposits	$	1,788,379		$	1,806,780		$	1,921,382		$	2,022,253		$	2,094,236		$	2,218,571
Less:
Brokered time deposits		12,238			13,307			14,974			46,838			52,407			122,124
Other brokered deposits		4,420			6,529			78,236			105,483			105,392			112,033
Non-brokered deposits	$	1,771,721		$	1,786,944		$	1,828,172		$	1,869,932		$	1,936,437		$	1,984,414
Plus:
Sweep repurchase agreements		43,477			30,139			31,482			40,305			30,636			27,214
Core funding	$	1,815,198		$	1,817,083		$	1,859,654		$	1,910,237		$	1,967,073		$	2,011,628

Balance sheet amounts are as of period end unless otherwise noted.

SOUTHWEST BANCORP, INC. UNAUDITED QUARTERLY SUPPLEMENTAL ANALYTICAL DATA	Table 8
(Dollars in thousands, except per share)

	2012						2011
	Jun. 30			Mar. 31			Dec. 31			Sep. 30			Jun. 30			Mar. 31
PERFORMANCE RATIOS
Return on average assets (annualized)		0.72	%		0.89	%		(8.96	)%		(1.43	)%		(0.43	)%		0.35	%
Return on average common equity (annualized)		4.92			6.84			(79.48	)		(13.42	)		(5.11	)		1.81
Return on average tangible common equity (annualized)*		5.06			7.03			(81.35	)		(13.72	)		(5.22	)		1.85
Net interest margin (annualized)		3.71			3.82			3.62			3.77			3.79			3.78
Effective tax rate		37.12			37.50			38.49			35.23			54.53			38.40
Efficiency ratio		71.82			58.73			164.47			64.07			52.40			54.50
NONPERFORMING ASSETS
Noncovered:
Nonaccrual loans	$	20,474		$	14,324		$	13,506		$	132,268		$	151,135		$	134,934
90 days past due and accruing		245			100			43			458			43			529
Total nonperforming loans		20,719			14,424			13,549			132,726			151,178			135,463
Other real estate		17,263			19,329			19,844			70,785			38,956			41,067
Total nonperforming assets	$	37,982		$	33,753		$	33,393		$	203,511		$	190,134		$	176,530
Performing restructured	$	328		$	1,700		$	1,017		$	1,026		$	3,191		$	2,166
Potential problem loans	$	111,083		$	126,320		$	133,039		$	276,694		$	291,171		$	217,406
Covered:
Nonaccrual loans	$	6,067		$	7,015		$	7,128		$	7,065		$	9,800		$	9,809
90 days past due and accruing		—			—			—			610			—			—
Total nonperforming loans		6,067			7,015			7,128			7,675			9,800			9,809
Other real estate		3,825			4,694			4,529			5,350			3,806			4,016
Total nonperforming assets	$	9,892		$	11,709		$	11,657		$	13,025		$	13,606		$	13,825
Performing restructured	$	1,701		$	—		$	—		$	—		$	—		$	—
Potential problem loans	$	1,573		$	553		$	912		$	2,015		$	2,731		$	3,444
ASSET QUALITY RATIOS
Net loan charge-offs to average portfolio loans (annualized)		0.31	%		0.32	%		19.78	%		2.70	%		4.76	%		2.25	%
Noncovered:
Nonperforming assets to portfolio loans and other real estate		2.51	%		2.12	%		1.96	%		9.86	%		8.66	%		7.74	%
Nonperforming loans to portfolio loans		1.38			0.92			0.80			6.66			7.01			6.04
Allowance for loan losses to portfolio loans		2.92			2.87			2.62			3.25			2.53			2.73
Allowance for loan losses to nonperforming loans		211.43			312.14			326.47			48.75			36.10			45.24
Covered:
Nonperforming assets to portfolio loans and other real estate		28.64	%		30.81	%		27.66	%		27.98	%		27.23	%		26.02	%
Nonperforming loans to portfolio loans		19.75			21.06			18.95			18.62			21.23			19.97
Allowance for loan losses to portfolio loans		0.30			0.18			1.20			—			—			—
Allowance for loan losses to nonperforming loans		1.50			0.86			6.33			—			—			—
CAPITAL RATIOS
Average total shareholders' equity to average assets		13.78	%		13.19	%		14.14	%		14.39	%		13.98	%		13.57	%
Leverage ratio		16.84			16.20			14.50			16.47			16.25			15.95
Tier 1 capital to risk-weighted assets		22.24			21.21			19.51			19.54			18.93			18.49
Total capital to risk-weighted assets		23.52			22.49			20.78			20.81			20.20			19.77
Tangible common equity to tangible assets***		10.56			10.42			9.76			11.38			11.38			10.99
REGULATORY CAPITAL DATA
Tier I capital	$	382,262		$	378,949		$	374,552		$	433,628		$	444,106		$	447,803
Total capital		404,251			401,808			398,945			461,929			473,950			478,713
Total risk adjusted assets		1,719,057			1,786,282			1,920,075			2,219,271			2,346,596			2,421,752
Average total assets		2,269,639			2,339,784			2,562,094			2,633,000			2,733,561			2,807,518
*This is a Non-GAAP based financial measure.
***Calculation of Tangible Capital to Tangible Assets (Non-GAAP Financial Measure)
Total shareholders' equity	$	314,600		$	311,643		$	307,186		$	367,024		$	376,930		$	379,350
Less:
Goodwill		6,811			6,811			6,811			6,811			6,811			6,811
Preferred stock		68,837			68,644			68,455			68,268			68,084			67,902
Tangible common equity	$	238,952		$	236,188		$	231,920		$	291,945		$	302,035		$	304,637
Total assets	$	2,269,720		$	2,273,861		$	2,382,873		$	2,572,492		$	2,660,495		$	2,779,028
Less goodwill		6,811			6,811			6,811			6,811			6,811			6,811
Tangible assets	$	2,262,909		$	2,267,050		$	2,376,062		$	2,565,681		$	2,653,684		$	2,772,217
Tangible common equity to tangible assets		10.56	%		10.42	%		9.76	%		11.38	%		11.38	%		10.99	%

Balance sheet amounts and ratios are as of period end unless otherwise noted.