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“Oklahoma Banks’ Profits Grow Despite Tighter Interest Margins”

Filed by KOSU News in State Impact.
August 31, 2012

About 70 percent of Oklahoma banks had earnings gains last quarter and more than 96 percent were profitable, reports The Oklahoman’s Don Mecoy.

Oklahoma banks have been able to reduce the amount of capital set aside to deal with troubled assets and potentially bad loans. However, net interest margin — the difference between the rates banks pay on deposits and earn on loans — slipped to 3.7 percent, down slightly from the same period last year and two years ago.

Read more at: newsok.com

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