Share “Oklahoma banks saved by past”

BY DON MECOY Published: November 15, 2009

/> This is not to say that Sooner banks, thrifts and credit unions escaped the economic upheaval unscathed. Profits were trimmed, and the amount of troubled loans grew, but the vast majority of Oklahoma banks are solid, according to Oklahoma Banking Association President Roger Beverage.

It was similar for the state’s four publicly traded banks, which range from the very small — Osage Bancshares — to a $2.5 billion regional bank holding company — BOK Financial Corp. The other two state-based publicly traded bank companies, BancFirst Corp. and Southwest Bancorp, are among the state’s largest banks.

While BOK Financial rose to the top 10 in the Oklahoma Inc. rankings, its peers did not perform poorly. Osage (17th), Southwest Bancorp (21st), and BancFirst (22nd) all fell in the middle of the pack among the state’s publicly traded companies.

Among the publicly traded banks, only BOK managed to boost earnings during the 12-month period evaluated.

"I would guess that Oklahoma rates in the top five states in performance,” Beverage said.