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GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES -- CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME    
Loans $ 43,744 $ 44,048
Investment securities and other 1,669 1,698
TOTAL INTEREST INCOME 45,413 45,746
INTEREST EXPENSE    
Deposits 4,964 3,934
Federal Home Loan Bank advances 255 438
Short-term borrowings and repurchase agreements 226 81
Subordinated debentures issued to capital trusts 242 174
Subordinated notes 1,025  
TOTAL INTEREST EXPENSE 6,712 4,627
NET INTEREST INCOME 38,701 41,119
PROVISION FOR LOAN LOSSES 2,250 2,101
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 36,451 39,018
NON-INTEREST INCOME    
Commissions 266 303
Service charges and ATM fees 5,268 5,279
Net realized gains on sales of loans 872 832
Net realized gains on sales of available-for-sale securities   3
Late charges and fees on loans 878 577
Gain (loss) on derivative interest rate products 7 (162)
Amortization of income/expense related to business acquisitions (489) (3,293)
Other income 896 1,435
TOTAL NON-INTEREST INCOME 7,698 4,974
NON-INTEREST EXPENSE    
Salaries and employee benefits 15,333 15,363
Net occupancy and equipment expense 6,316 6,842
Postage 933 1,001
Insurance 798 952
Advertising 413 441
Office supplies and printing 697 465
Telephone 810 922
Legal, audit and other professional fees 320 841
Expense on other real estate owned 575 911
Partnership tax credit investment amortization 278 420
Acquired deposit intangible asset amortization 412 543
Other operating expenses 1,688 2,219
TOTAL NON-INTEREST EXPENSE 28,573 30,920
INCOME BEFORE INCOME TAXES 15,576 13,072
PROVISION FOR INCOME TAXES 4,058 3,279
NET INCOME AND NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 11,518 $ 9,793
BASIC EARNINGS PER COMMON SHARE $ 0.82 $ 0.71
DILUTED EARNINGS PER COMMON SHARE 0.81 0.70
DIVIDENDS DECLARED PER COMMON SHARE $ 0.22 $ 0.22