Southwest Bancorp, the Vista-based parent of the...

Southwest Bancorp, the Vista-based parent of the 18-branch Southwest Bank, reported a profit of $601,000 for the second quarter ended June 30, up from a loss of $941,000 for the same quarter last year. For the first six months of 1989, Southwest’s profit stands at $1.1 million, up from a loss of $1.5 million over the same two quarters last year.

As of June 30, Southwest’s assets stood at $373.8 million, up from $356.3 million a year previous. Loans rose to $236.7 million from $228 million and deposits were $349.1 million, up from $317.1 million the year before.