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SUBSEQUENT EVENT - ARENA NAMING RIGHTS
3 Months Ended
Mar. 31, 2022
SUBSEQUENT EVENT - ARENA NAMING RIGHTS  
SUBSEQUENT EVENT - ARENA NAMING RIGHTS

NOTE 17: SUBSEQUENT EVENT – ARENA NAMING RIGHTS

In April 2022, the Company, through its subsidiary Great Southern Bank, entered into a naming rights agreement with Missouri State University related to the main arena on the university’s campus in Springfield, Missouri. The terms of the agreement provide the naming rights to Great Southern Bank for a total cost of $5.5 million, to be paid over a period of seven years. The Company expects to record this transaction as an intangible asset, with a corresponding accrued liability for the full amount of the agreement. The Company further expects to amortize the intangible asset through non-interest expense over a period not to exceed 15 years.