0000950123-11-092609.txt : 201110280000950123-11-092609.hdr.sgml : 2011102820111027211553ACCESSION NUMBER:0000950123-11-092609CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:29CONFORMED PERIOD OF REPORT:20111027ITEM INFORMATION:Regulation FD DisclosureITEM INFORMATION:Financial Statements and ExhibitsFILED AS OF DATE:20111028DATE AS OF CHANGE:20111027

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:SOUTHWEST BANCORP INCCENTRAL INDEX KEY:0000914374STANDARD INDUSTRIAL CLASSIFICATION:NATIONAL COMMERCIAL BANKS [6021]IRS NUMBER:731136584STATE OF INCORPORATION:OKFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-34110FILM NUMBER:111163138

BUSINESS ADDRESS:STREET 1:608 SOUTH MAIN STREETCITY:STILLWATERSTATE:OKZIP:74074BUSINESS PHONE:4053722230

MAIL ADDRESS:STREET 1:608 SOUTH MAIN STREETCITY:STILLWATERSTATE:OKZIP:74074

8-K1y93223e8vk.htmFORM 8-K

e8vk

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October27, 2011

SOUTHWEST BANCORP, INC.

(Exact name of registrant as specified in its charter)

Oklahoma
(State or other jurisdiction
of incorporation)

000-23064
(Commission file
number)

73-1136584
(IRS Employer
Identification No)

608 South Main Street, Stillwater, Oklahoma 74074

(Address of Principal Executive Offices) (Zip Code)

Registrants telephone number, including area code: (405)372-2230

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy thefiling obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item7.01 RegulationFD Disclosure.

Representatives of the Registrant are scheduled to make presentations to various investors andsecurities professionals beginning on November2, 2011. A copy of the materials to be discussed atthe presentations is being furnished as Exhibit99 to this report, and is incorporated herein byreference.

Item9.01 Financial Statements and Exhibits.

(a)Financial statements of businesses acquired. Not applicable.

(b)Pro forma financial information. Not applicable.

(c)Exhibits. Exhibit99-Presentation.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has dulycaused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOUTHWEST BANCORP, INC.

By: /s/ Rick Green

Rick Green

Dated: October 27, 2011. President and ChiefExecutive Officer

EX-992y93223exv99.htmEX-99

exv99

Exhibit99

Investor Presentation

November 2011

(NASDAQ-OKSB)

Forward Looking Statements

1

Forward Looking Statements

This presentation includes forward-looking statements such as: statements of Southwest's goals,intentions, and expectations; estimates of risks and of future costs and benefits; expectationsregarding future financial performance of Southwest and its operating segments; assessments of loanquality, probable loan losses, collateral values and the amount and timing of loan payoffs; liquidity,contractual obligations, off-balance sheet risk, and market or interest rate risk; estimates of value ofacquired assets, deposits, and other liabilities; estimates of the value of assets held for sale oravailable for sale; and statements of Southwest's ability to achieve financial and other goals. Weintend that these statements be covered by the safe harbor provision for forward looking statementscontained in the Private Securities Litigation Reform Act of 1995. These forward-looking statementsare subject to significant uncertainties because they are based upon: the amount and timing of futurechanges in interest rates, market behavior, and other economic conditions; future laws, regulations,and accounting principles; and a variety of other matters. Because of these uncertainties, the actualfuture results may be materially different from the results indicated by these forward-lookingstatements. In addition, Southwest's past growth and performance do not necessarily indicate itsfuture results. For other factors, risks, and uncertainties that could cause actual results to differmateriality 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.

Corporate Profile

2

A regional community banking companywith $2.6 billion in assets, $2.0 billion intotal loans, $2.0 billion in deposits, and$299 million in common equity atSeptember 30, 2011

Bank holding company for StillwaterNational Bank and Trust Company andBank of Kansas

SNB was established in 1894

IPO in 1993

Healthcare and commercial lending nicheprovider

Banking offices:

Oklahoma, 11

$770 million in loans

$1,438 million in deposits

Texas, 6

$845 million in loans

$153 million in deposits

Kansas, 8

$211 million in loans

$275 million in deposits

Excludes covered loans

3

Third Quarter 2011 Highlights

Dollars in Thousands

* Excludes covered loans

** Intangible assets defined as goodwill for purposes of this calculation

Commitment to Improve...

Capital - Southwest and each of its banking subsidiaries are well capitalized.

Earnings Base - Our recent losses follows a long record of earnings. Our interestmargins and net interest income are solid.

Loans - We expect that outstanding loans will continue to decrease during 2011. Ourloan growth expectations for future periods depend upon the health of the economy inour markets and nationally, among other factors.

Credit - This year we are intensifying our continuing efforts to improvecredit quality:

reorganized lending and credit functions to increase their independence andimprove oversight

new Chief Credit Officer reporting directly to the CEO with authority over theentire credit and work-out functions

further staffed up credit and work-out areas with experienced bankers

increased emphasis on timely and accurate loan grading and consistencyamong our third party loan review firm, our internal credit function, andfederal regulators' grading guidelines

we continue to evaluate alternative means for improving credit quality and increasingshareholder value

Excludes covered loans

4

Southwest's Regulatory Capital

Total Year-End Risk-Based Capital

5

$266

$285

$405

$413

$478

Dollars in Millions

"Well-capitalized" minimum is 10% for all years.

$462

Our capital ratios are well above regulatory standards.

Stillwater National's Regulatory Capital

Total Year-End Risk-Based Capital

6

$257

$352

$393

$232

$357

*The years 2009, 2010, & 2011 reflect a 12.5% agreed upon minimum. All other years reflect 10% general minimum.

Dollars in Millions

$384

SNB ratios are well above minimums.

Pre-Provision/Pre-Tax Income

Dollars in Millions

7

We continue to produce solid pre-provision income.

Provision for Loan Losses & Net Charge-offs

Dollars in Millions

Excludes covered loans

8

YTD

Net Charge-Offs by Type

Dollars in Millions

9

Excludes covered loans

Net Charge-Offs by Location

Dollars in Millions

10

Excludes covered loans

Impaired Loans

11

An impaired loan is one for which it is probable that Southwest will be unable to collect all amountsdue under the loan agreement.

All nonaccrual loans, other than small balance mortgage, student, and similar loans, which arevalued collectively, are evaluated on an individual basis, and a specific allowance is recorded basedupon appraised value or the estimated fair value of cash flows.

Independent appraisals are obtained following discovery of possible impairment factors as well as atorigination and periodically as required by credit policy.

At September 30, 2011:

The carrying value of all impaired loans was $204.5 million, versus unpaid principal of $230.6million.

The carrying value of specifically allocated impaired loans was $115.5 million or 7.61% less than theunpaid principal of $125.0 million.

The allowance on specifically allocated loans was 14.41% of carrying value and 13.31% of unpaidprincipal.

Together, the difference between carrying value and unpaid principal on specifically allocated loansand specific allowance allocation for them was 20.92% of total unpaid principal.

Excludes covered loans

Allowance for Loan Losses & Nonperforming Loans

Dollars in Millions

Excludes covered loans

Nonperforming loans include non-accruals and 90 days past due loans.

12

Nonperforming Assets and Potential Problem Loans

Dollars in Millions

Excludes covered loans and properties

Nonperforming loans include non-accruals and 90 days past due loans.

13

14

Nonperforming Assets Migration

Excludes covered loans

Total Nonperforming Assets

Dollars in Millions

Total nonperforming assets include non-accruals, 90 days past due loans, and other real estate.

Excludes covered loans and properties

15

Nonperforming Loans by Type

Dollars in Millions

16

Nonperforming loans include non-accruals and 90 days past due loans.

Excludes covered loans

Nonperforming Loans by Location

Dollars in Millions

Nonperforming loans include non-accruals and 90 days past due loans.

Excludes covered loans

17

Other Real Estate by Type

Other Real Estate by Type

Dollars in Millions

18

Excludes covered properties

$18.8

$27.6

$35.7

$37.7

$41.0

$39.0

Other Real Estate by Location

Dollars in Millions

19

Excludes covered properties

$18.8

$27.6

$35.7

$37.7

$41.0

$39.0

20

Potential Problem Loans by Type

Dollars in Millions

Excludes covered loans

21

Potential Problem Loans by Location

Dollars in Millions

Excludes covered loans

Other State Loans

22

Dollars in Millions

Other State loans comprise less than 10% of total loans. State # of Loans Net Balance Nonperforming Loans Potential Problem Loans 9/30/2011 YTD Charge-offs Aggregate Charge-offs Arizona 28 $ 36.0 $ 8.4 $ 10.3 $ 5.0 $ 5.8 Iowa 8 26.6 - - - - Colorado 23 23.2 0.8 17.0 3.9 3.9 New Mexico 12 21.0 5.1 11.6 6.7 6.7 California 11 10.7 - 0.6 - - Ohio 5 9.4 - - - - Tennessee 4 6.5 - - - - Florida 7 6.4 0.3 0.1 - - Louisiana 7 5.6 - - - - Alabama 3 4.3 - 4.3 - - Other (24 states) 104 17.1 - - - - Totals 212 $ 166.8 $ 14.6 $ 43.9 $ 15.6 $ 16.4

23

Loan Segmentation

$2.0 Billion Total Loans

(9/30/2011)

Loans by Type

Loans by Location

Dollars in Millions

Excludes covered loans

24

Loans by State by Type

$2.0 Billion Total Loans

(9/30/2011)

Dollars in Millions

Excludes student loans & covered loans

Other State Loans

25

Dollars in Millions

Other State loans comprise less than 10% of total loans. State Commercial & Industrial Commercial Real Estate Construction & Development Consumer Residential Real Estate Total Arizona $ 4.1 $ 13.5 $ 18.3 $ 0.1 $ - $ 36.0 Iowa - 26.5 - 0.1 - 26.6 Colorado 0.5 17.9 2.6 0.1 2.1 23.2 New Mexico 7.4 7.9 5.1 - 0.6 21.0 California 0.2 - 10.4 0.1 - 10.7 Ohio 1.2 8.2 - - - 9.4 Tennessee - 6.4 - 0.1 - 6.5 Florida 0.2 6.1 - 0.1 - 6.4 Louisiana 0.1 5.4 - - 0.1 5.6 Alabama - 4.3 - - - 4.3 Other (24 states) 7.5 4.2 2.9 1.7 0.8 17.1 Totals $ 21.2 $ 100.4 $ 39.3 $ 2.3 $ 3.6 $ 166.8

Deposits

26

$2.0 Billion Total Deposits

(9/30/2011)

Deposits by Type

Deposits by Location

*Includes Treasury division

Dollars in Millions

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