MidFirst Bank reported second quarter net income of $30.6 million while assets grew by $218 million to end the quarter at $14.7 billion.
The bank, which has a branch in El Reno, ended the quarter with a combined regulatory capital and reserve base of $1.24 billion, representing an increase of $120 million over the prior year and exceeding levels set by regulators for well-capitalized banks.
“MidFirst continued to strengthen its financial position during the second quarter
by adding $896 million of FHA and VA loans to its portfolio,” said Jeff Records,
chairman, president and chief executive officer for the bank. The bank's government-backed mortgage loan and securities portfolios represent more than 40 percent of total assets. “We also added 89 jobs during the quarter, bringing the total for this calendar year to 185,” Records said.