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July 26th, 2011 - OKCBiz Staff

MidFirst Bank reports second quarter earnings



MidFirst Bank reported July 25 that for the second quarter its earnings were $68.9 million.

cash

 Bank officials said the amount is a 6.3-percent increase over the same quarter last year. Also, consumer and commercial deposits for the quarter totaled $448 million over the prior year.

Officials said regulatory capital and reserves of $1.4 billion accounted for a $134 million increase over the amount reported last year. With a core capital ratio of 12.75 percent, bank officials said it would have ranked ninth highest among the top 100 largest banks in the country based on the prior quarterly results.

“I’m pleased with the second quarter results and expect solid earnings to continue this year, accompanied by strong organic deposit and loan growth,” said Jeff Records, MidFirst chairman and CEO in a prepared statement.

 
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