Significantly, Simpson's analysis also found that commercial banks in Oklahoma experienced a 45.6 percent drop in expenses from loan losses in 2012 from the previous year, he said.
Nonperforming loans and other assets declined by 13.6 percent and net loan losses declined by 53 percent in 2012 for commercial banks in the state.
“It's good news for everybody,” Simpson said. “It's good news for banks that profits are up and they're not losing money from bad loans.”
Commercial banks in Oklahoma also cautiously increased their lending in 2012, Simpson found. Net loans by commercial banks in the state increased by 5.8 percent in 2012.
“I would say that Oklahoma banks are still being cautious, but have increased lending somewhat over the past year,” Simpson said.