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Note 14: Subsequent Event
3 Months Ended
Sep. 30, 2012
Notes  
Note 14: Subsequent Event

NOTE 14:  SUBSEQUENT EVENT

 

On November 9, 2012, the Company entered into separate definitive agreements to sell Great Southern Travel to Milwaukee, Wisconsin-based Adelman Travel and Great Southern Insurance to St. Louis-based HM, effective November 30, 2012, for both entities.  These transactions will result in the transfer of assets to HM on December 1, 2012, and to Adelman Travel on December 3, 2012.  The combined sales are expected to result in transaction gains totaling approximately $6.8 million (pre-tax), which will be recorded in the fourth quarter of 2012.  In the nine months ended September 30, 2012, Great Southern Travel and Great Southern Insurance on a combined basis produced $6.3 million in non-interest income, $5.4 million in non-interest expense and $640,000 in net income, or a diluted earnings per share effect of $0.05.  In the year ended December 31, 2011, Great Southern Travel and Great Southern Insurance on a combined basis produced $8.1 million in non-interest income, $7.2 million in non-interest expense and $673,000 in net income, or a diluted earnings per share effect of $0.05.  See Note 2: Operating Segments.