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GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES -- CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
INTEREST INCOME    
Loans $ 42,778 $ 37,897
Investment securities and other 4,578 6,780
TOTAL INTEREST INCOME 47,356 44,677
INTEREST EXPENSE    
Deposits 3,527 5,784
Federal Home Loan Bank advances 974 1,274
Short-term borrowings and repurchase agreements 583 687
Interest expense subordinated debentures issued to capital trusts 140 159
TOTAL INTEREST EXPENSE 5,224 7,904
NET INTEREST INCOME 42,132 36,773
PROVISION FOR LOAN LOSSES 8,225 10,077
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 33,907 26,696
NON-INTEREST INCOME    
Commissions 328 274
Service charges and ATM fees 4,427 4,492
Net realized gains on sales of loans 1,429 1,150
Net realized gains on sales of available-for-sale securities 34 28
Late charges and fees on loans 300 173
Gain on derivative interest rate products 61 96
Accretion (amortization) of income/expense related to business acquisitions (5,868) (1,748)
Other income 2,213 1,622
TOTAL NON-INTEREST INCOME 2,924 6,087
NON-INTEREST EXPENSE    
Salaries and employee benefits 13,222 12,537
Net occupancy and equipment expense 5,135 4,702
Postage 793 808
Insurance 1,165 1,097
Advertising 475 335
Office supplies and printing 307 380
Telephone 687 713
Legal, audit and other professional fees 802 860
Expense on foreclosed assets 1,055 439
Partnership tax credit 1,385 1,165
Other operating expenses 1,916 1,948
TOTAL NON-INTEREST EXPENSE 26,942 24,984
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 9,889 7,799
PROVISION FOR INCOME TAXES 1,495 661
NET INCOME FROM CONTINUING OPERATIONS 8,394 7,138
DISCONTINUED OPERATIONS    
Income from discontinued operations, net of income taxes   359
NET INCOME 8,394 7,497
Preferred stock dividends 145 144
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 8,249 $ 7,353
BASIC EARNINGS PER COMMON SHARE $ 0.61 $ 0.54
DILUTED EARNINGS PER COMMON SHARE $ 0.60 $ 0.54
BASIC EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS $ 0.61 $ 0.52
DILUTED EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS $ 0.60 $ 0.52
DIVIDENDS DECLARED PER COMMON SHARE $ 0.18 $ 0.18