Ward 2 Councilman Ed Shadid said in campaign finance reports dated Thursday that he loaned $371,000 to his unsuccessful campaign for mayor.
Shadid finished second in the March 4 election, taking 32.8 percent of the vote. Mayor Mick Cornett cruised to a fourth term with 65.7 percent.
Shadid reported raising $476,255.19 and spending $465,565.22 through March 17, the close of the latest reporting period. Shadid finished the reporting period with $10,689.97.
Cornett reported earlier this week that he raised $779,417.02 for his campaign and finished with $50,236.93 in the bank.
Campaigns upload reports to an Oklahoma Ethics Commission website, where they are available to the public. The next reports, if any, are due May 12.