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GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES -- CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,656 $ 19,872
Proceeds from sales of loans held for sale 80,302 47,922
Originations of loans held for sale (83,449) (49,089)
Items not requiring (providing) cash:    
Depreciation 4,596 4,220
Amortization of other assets 1,715 1,525
Compensation expense for stock option grants 263 273
Provision for loan losses 2,600 3,154
Net gains on loan sales (1,999) (1,157)
Net gains on sale of available-for-sale investment securities   (642)
Net gains on sale of premises and equipment (631) (41)
(Gain) loss on sale of foreclosed assets (489) 790
Initial gain recognized on business acquisition   (10,805)
Amortization of deferred income, premiums, discounts and fair value adjustments 5,473 11,605
(Gain) loss on derivative interest rate products (20) 233
Deferred income taxes (6,209) (371)
Changes in:    
Interest receivable (87) 761
Prepaid expenses and other assets 4,566 (288)
Accounts payable and accrued expenses 5,926 (3,492)
Income taxes refundable/payable 2,093  
Net cash provided by operating activities 38,306 24,470
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in loans (121,360) (143,068)
Purchase of loans (44,194) (39,926)
Cash received from acquisitions   189,437
Cash received from FDIC loss sharing reimbursements 1,490 5,894
Purchase of premises and equipment (8,655) (7,170)
Proceeds from sale of premises and equipment 1,904 197
Proceeds from sale of foreclosed assets 11,111 12,362
Capitalized costs on foreclosed assets (20) (40)
Proceeds from sales of available-for-sale investment securities   41,312
Proceeds from maturing investment securities 110 110
Proceeds from called investment securities 5,143 4,535
Principal reductions on mortgage-backed securities 32,448 53,996
Purchase of available-for-sale securities (1,410) (19,914)
Redemption of Federal Home Loan Bank stock 4,288 1,768
Net cash provided by (used in) investing activities (119,145) 99,493
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in certificates of deposit 167,179 (102,932)
Net increase in checking and savings deposits 38,601 37,138
Proceeds from Federal Home Loan Bank advances 3,316,500 245,000
Repayments of Federal Home Loan Bank advances (3,394,532) (277,284)
Net increase in short-term borrowings 5,964 22,165
Repayments of structured repurchase agreements   (50,000)
Advances from borrowers for taxes and insurance 2,336 2,677
Dividends paid (5,796) (5,490)
Purchase of company stock   (481)
Stock options exercised 1,168 545
Net cash provided by (used in) financing activities 131,420 (128,662)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 50,581 (4,699)
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD 218,647 227,925
CASH AND CASH EQUIVALENTS END OF PERIOD $ 269,228 $ 223,226