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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, 2014
Mar. 31, 2013
INTEREST INCOME    
Loans $ 39,308 $ 42,778
Investment securities and other 2,986 4,578
TOTAL INTEREST INCOME 42,294 47,356
INTEREST EXPENSE    
Deposits 2,660 3,527
Federal Home Loan Bank advances 975 974
Short-term borrowings and repurchase agreements 557 583
Interest expense on subordinated debentures issued to capital trusts 136 140
TOTAL INTEREST EXPENSE 4,328 5,224
NET INTEREST INCOME 37,966 42,132
PROVISION FOR LOAN LOSSES 1,691 8,225
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 36,275 33,907
NON-INTEREST INCOME    
Commissions 281 328
Service charges and ATM fees 4,168 4,427
Net realized gains on sales of loans 549 1,429
Net realized gains on sales of available-for-sale securities 73 34
Late charges and fees on loans 314 300
Gain (loss) on derivative interest rate products (103) 61
Accretion (amortization) of income/expense related to business acquisitions (6,388) (5,868)
Other non-interest income 2,030 2,213
TOTAL NON-INTEREST INCOME 924 2,924
NON-INTEREST EXPENSE    
Salaries and employee benefits 13,017 13,222
Net occupancy and equipment expense 5,403 5,135
Postage 793 793
Insurance 926 1,165
Advertising 731 475
Office supplies and printing 290 307
Telephone 736 687
Legal, audit and other professional fees 934 802
Expense on foreclosed assets 850 1,055
Partnership tax credit investment amortization 453 363
Other operating expenses 1,761 1,916
TOTAL NON-INTEREST EXPENSE 25,894 25,920
INCOME BEFORE INCOME TAXES 11,305 10,911
PROVISION FOR INCOME TAXES 2,487 2,517
Net income 8,818 8,394
Preferred stock dividends 145 145
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 8,673 $ 8,249
BASIC EARNINGS PER COMMON SHARE $ 0.64 $ 0.61
DILUTED EARNINGS PER COMMON SHARE $ 0.63 $ 0.60
DIVIDENDS DECLARED PER COMMON SHARE $ 0.20 $ 0.18