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GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,783 $ 11,363
Proceeds from sales of loans held for sale 86,449 67,254
Originations of loans held for sale (71,913) (68,981)
Items not requiring (providing) cash:    
Depreciation 2,416 1,631
Amortization of other assets 1,121 511
Compensation expense for stock option grants 239 227
Provision for loan losses 16,631 17,500
Net gains on loan sales (1,609) (1,548)
Net (gains) losses on sale or impairment of available-for-sale investment securities 400 (3,465)
Net (gains) losses on sale of premises and equipment 150 (15)
(Gain) loss on sale of foreclosed assets (536) 695
Amortization (accretion) of deferred income, premiums, discounts and fair value adjustments 17,998 (2,125)
Deferred income taxes (7,453) 408
Changes in:    
Interest receivable 938 1,535
Prepaid expenses and other assets 54,688 16,929
Accounts payable and accrued expenses (1,256) 22,834
Income taxes refundable/payable 432 (8,350)
Net cash provided by operating activities 60,167 56,403
CASH FLOWS FROM INVESTING ACTIVITIES    
Net (increase) decrease in loans (70,154) 92,967
Purchase of loans (150) (12,132)
Proceeds from sale of student loans 798 22,219
Purchase of additional business units (1) (25)
Purchase of premises and equipment (8,587) (3,521)
Proceeds from sale of premises and equipment 140 118
Proceeds from sale of foreclosed assets 7,167 16,952
Capitalized costs on foreclosed assets (198) (651)
Proceeds from sales of available-for-sale investment securities   145,852
Proceeds from maturing held-to-maturity investment securities 1,202 410
Proceeds from called investment securities 6,745 17,942
Principal reductions on mortgage-backed securities 61,963 116,215
Purchase of available-for-sale securities (126,423) (239,729)
Purchase of held-to-maturity securities (840) (15,000)
(Purchase) redemption of Federal Home Loan Bank stock 331 (970)
Net cash (used in) provided by investing activities (128,007) 140,647
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in certificates of deposit (67,281) (202,197)
Net increase in checking and savings deposits 94,698 96,748
Repayments of Federal Home Loan Bank advances (1,228) (4,677)
Net decrease in short-term borrowings and structured repo (27,605) (60,941)
Advances from borrowers for taxes and insurance 1,929 503
Dividends paid (6,293) (6,280)
Stock options exercised 93 374
Net cash used in financing activities (6,706) (176,470)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (74,546) 20,580
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 429,971 444,576
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 355,425 $ 465,156