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GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES -- CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME        
Loans $ 45,335 $ 44,103 $ 133,460 $ 133,999
Investment securities and other 1,521 1,652 4,779 5,396
TOTAL INTEREST INCOME 46,856 45,755 138,239 139,395
INTEREST EXPENSE        
Deposits 4,423 3,500 12,480 9,794
Federal Home Loan Bank advances 259 468 955 1,331
Short-term borrowings and repurchase agreements 450 14 936 51
Subordinated debentures issued to capital trusts 209 248 573 560
Subordinated notes 487   487  
TOTAL INTEREST EXPENSE 5,828 4,230 15,431 11,736
NET INTEREST INCOME 41,028 41,525 122,808 127,659
PROVISION FOR LOAN LOSSES 2,500 1,703 6,901 4,303
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 38,528 39,822 115,907 123,356
NON-INTEREST INCOME        
Commissions 245 400 763 981
Service charges and ATM fees 5,548 5,162 16,201 14,833
Net realized gains on sales of loans 1,217 1,079 3,062 3,078
Net realized gains on sales of available-for-sale securities 144 2 2,881 2
Late charges and fees on loans 435 371 1,315 1,482
Gain (loss) on derivative interest rate products 58 (133) (179) (112)
Amortization of income/expense related to business acquisitions (1,215) (3,326) (6,087) (15,380)
Other noninterest income 658 1,565 3,025 3,638
TOTAL NON-INTEREST INCOME 7,090 5,120 20,981 8,522
NON-INTEREST EXPENSE        
Salaries and employee benefits 15,062 15,078 45,671 44,261
Net occupancy and equipment expense 6,335 7,546 19,556 19,715
Postage 923 1,042 2,881 2,843
Insurance 961 837 2,944 2,672
Advertising 803 545 1,767 1,728
Office supplies and printing 575 328 1,435 1,043
Telephone 823 806 2,649 2,338
Legal, audit and other professional fees 748 586 2,399 1,873
Expense on foreclosed assets 1,298 616 3,083 1,319
Partnership tax credit investment amortization 420 420 1,260 1,260
Acquired deposit intangible asset amortization 464 437 1,497 1,312
Other operating expenses 2,245 1,773 6,242 4,841
TOTAL NON-INTEREST EXPENSE 30,657 30,014 91,384 85,205
INCOME BEFORE INCOME TAXES 14,961 14,928 45,504 46,673
PROVISION FOR INCOME TAXES 3,740 3,732 11,956 11,821
NET INCOME 11,221 11,196 33,548 34,852
Preferred stock dividends   145   435
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 11,221 $ 11,051 $ 33,548 $ 34,417
BASIC EARNINGS PER COMMON SHARE $ 0.81 $ 0.80 $ 2.41 $ 2.49
DILUTED EARNINGS PER COMMON SHARE 0.80 0.79 2.39 2.46
DIVIDENDS DECLARED PER COMMON SHARE $ 0.22 $ 0.22 $ 0.66 $ 0.64