Southwest Bancorp reported a $1.4-million net profit...

Southwest Bancorp reported a $1.4-million net profit for the year ended Dec. 31, contrasted with a $249,000 net loss during the preceding year. Southwest, parent corporation of Vista-based Southwest Bank, previously announced that it would absorb a $3.5-million one-time charge against earnings during the fourth quarter to cover the write-off of several loans.

Assets rose 29% to $396 million, deposits rose 19% to $299 million and loans grew by 22% to $246 million.