Note 26: Condensed Parent Company Statements

12 Months Ended

Dec. 31, 2012

Notes

Note 26: Condensed Parent Company Statements

Note 26:    Condensed Parent Company Statements

The condensed statements of financial condition at December 31, 2012 and 2011, and statements of income, comprehensive income and cash flows for the years ended December 31, 2012, 2011 and 2010, for the parent company, Great Southern Bancorp, Inc., were as follows:

	December 31,
	2012	2011
(In Thousands)
Statements of Financial Condition
Assets
Cash	$23,430	$21,446
Available-for-sale securities	2,006	1,831
Held-to-maturity securities	--	840
Investment in subsidiary bank	375,281	333,482
Income taxes receivable	32	42
Prepaid expenses and other assets	1,059	1,089
	$401,808	$358,730
Liabilities and Stockholders’ Equity
Accounts payable and accrued expenses	$599	$3,004
Deferred income taxes	406	210
Subordinated debentures issued to capital trust	30,929	30,929
Preferred stock	57,943	57,943
Common stock	136	134
Additional paid-in capital	18,394	17,183
Retained earnings	276,751	236,914
Unrealized gain on available-for-sale securities, net	16,650	12,413
Total	$401,808	$358,730

	2012	2011	2010
(In Thousands)
Statements of Income
Income
Dividends from subsidiary bank	$12,000	$12,000	$12,000
Interest and dividend income	33	27	16
Net realized gains on sales of
available-for-sale securities	280	--	15
Other income (loss)	(19)	--	(11)
Total income	12,294	12,027	12,020
Expense
Operating expenses	1,297	1,196	1,121
Interest expense	617	569	578
Total expense	1,914	1,765	1,699
Income before income tax and
equity in undistributed earnings
of subsidiaries	10,380	10,262	10,321
Credit for income taxes	(401)	(510)	(502)
Income before equity in earnings
of subsidiaries	10,781	10,772	10,823
Equity in undistributed earnings of
subsidiaries	37,925	19,497	13,042
Net income	$48,706	$30,269	$23,865

	2012	2011	2010
(In Thousands)
Statements of Cash Flows
Operating Activities
Net income	$48,706	$30,269	$23,865
Items not requiring (providing) cash
Equity in undistributed earnings of subsidiary	(37,925)	(19,497)	(13,042)
Compensation expense for stock option grants	435	486	461
Net realized gains on sales of available-for-sale
securities	(280)	--	--
Net realized gains on other investments	--	--	(5)
Changes in
Prepaid expenses and other assets	(19)	--	8
Accounts payable and accrued expenses	226	(58)	75
Income taxes	10	2	1
Net cash provided by operating activities	11,153	11,202	11,363
Investing Activities
Investment in subsidiaries	--	(15,000)	--
Return of principal - other investments	49	61	--
Proceeds from sale of available-for-sale securities	664	--	158
Purchase of held-to-maturity securities	--	(840)	--
Proceeds from maturity of held-to-maturity securities	840	--	--
Net cash provided by (used in) investing
activities	1,553	(15,779)	158
Financing Activities
Proceeds from issuance of SBLF preferred stock	--	57,943	--
Redemption of CPP preferred stock	--	(58,000)	--
Purchase of common stock warrant	--	(6,436)	--
Dividends paid	(12,991)	(12,237)	(12,567)
Stock options exercised	2,269	311	670
Net cash used in financing activities	(10,722)	(18,419)	(11,897)
Increase (Decrease) in Cash	1,984	(22,996)	(376)
Cash, Beginning of Year{start}	21,446	44,442	44,818
Cash, End of Year{end}	$23,430	$21,446	$44,442
Additional Cash Payment Information
Interest paid	$620	$563	$577

	2012	2011	2010
(In Thousands)
Statements of Comprehensive Income
Net Income	$48,706	$30,269	$23,865
Unrealized appreciation on available-for-sale securities, net of taxes (credit) of $195, $(102) and $136, for 2012, 2011 and 2010, respectively	363	(189)	253
Less: reclassification adjustment for gains included in net income, net of taxes of $98, $0 and $5 for 2012, 2011 and 2010, respectively	(182)	--	(10)
Comprehensive Income of subsidiaries	4,056	8,381	(7,522)
Comprehensive Income	$52,943	$38,461	$16,586