Southwest Bancorp announced it plans to write off $5.1 million of bad loans in the third quarter and record a net loss of $500,000 for the period.

The loan chargeoffs, up from $775,000 written off in the same quarter last year, are the entire balance of a group of related corporate loans that the $851 million-asset company expects will not be repaid, according to a Securities and Exchange Commission filing.

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