XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES -- CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Loans $ 44,078 $ 43,947 $ 88,125 $ 89,896
Investment securities and other 1,558 1,787 3,257 3,744
TOTAL INTEREST INCOME 45,636 45,734 91,382 93,640
INTEREST EXPENSE        
Deposits 4,121 3,133 8,056 6,294
Federal Home Loan Bank advances 257 416 696 863
Short-term borrowings and repurchase agreements 406 16 487 37
Subordinated debentures issued to capital trusts 190 160 363 312
TOTAL INTEREST EXPENSE 4,974 3,725 9,602 7,506
NET INTEREST INCOME 40,662 42,009 81,780 86,134
PROVISION FOR LOAN LOSSES 2,300 1,300 4,401 2,600
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 38,362 40,709 77,379 83,534
NON-INTEREST INCOME        
Commissions 215 299 518 580
Service charges and ATM fees 5,374 5,026 10,653 9,670
Net realized gains on sales of loans 1,012 1,059 1,845 1,999
Net realized gains on sales of available-for-sale securities 2,735   2,738  
Late charges and fees on loans 302 762 879 1,110
Gain (loss) on derivative interest rate products (75) 113 (237) 20
Amortization of income/expense related to business acquisitions (1,578) (5,158) (4,872) (12,054)
Other income 931 1,356 2,366 2,074
TOTAL NON-INTEREST INCOME 8,916 3,457 13,890 3,399
NON-INTEREST EXPENSE        
Salaries and employee benefits 15,246 14,606 30,610 29,183
Net occupancy and equipment expense 6,379 6,115 13,221 12,169
Postage 957 912 1,958 1,801
Insurance 1,031 856 1,983 1,835
Advertising 522 750 963 1,182
Office supplies and printing 395 378 860 715
Telephone 904 767 1,826 1,532
Legal, audit and other professional fees 811 664 1,652 1,287
Expense on foreclosed assets 874 318 1,785 703
Partnership tax credit investment amortization 420 420 840 840
Other operating expenses 2,268 2,163 5,028 3,942
TOTAL NON-INTEREST EXPENSE 29,807 27,949 60,726 55,189
INCOME BEFORE INCOME TAXES 17,471 16,217 30,543 31,744
PROVISION FOR INCOME TAXES 4,937 4,214 8,216 8,088
NET INCOME 12,534 12,003 22,327 23,656
Preferred stock dividends   145   290
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 12,534 $ 11,858 $ 22,327 $ 23,366
BASIC EARNINGS PER COMMON SHARE $ 0.90 $ 0.86 $ 1.61 $ 1.69
DILUTED EARNINGS PER COMMON SHARE 0.89 0.85 1.59 1.67
DIVIDENDS DECLARED PER COMMON SHARE $ 0.22 $ 0.22 $ 0.44 $ 0.42