UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES ACT OF 1934

For the fiscal year ended December 31, 2010

Commission File Number 0-18082

GREAT SOUTHERN BANCORP, INC.

(Exact name of registrant as specified in its charter)

Maryland	43-1524856
(State of Incorporation)	(IRS Employer Identification Number)
1451 E. Battlefield, Springfield, Missouri	65804
(Address of Principal Executive Offices)	(Zip Code)

(417) 887-4400

Registrant's telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share	The NASDAQ Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act: None.

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.	Yes [  ]   No [X]
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.	Yes [  ]   No [X]
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.	Yes [X]  No [  ]
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).	Yes [X]  No [  ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K. [  ]
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of "accelerated filer," "large accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer [  ]       Accelerated filer [X]       Non-accelerated filer [  ](Do not check if a smaller reporting company) Smaller reporting company [   ]
Indicated by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).	Yes [  ]   No [X]
The aggregate market value of the common stock of the Registrant held by non-affiliates of the Registrant on June 30, 2010, computed by reference to the closing price of such shares on that date, was $205,873,209.  At March 3, 2011, 13,454,439 shares of the Registrant's common stock were outstanding.

TABLE OF CONTENTS

		Page
ITEM 1.	BUSINESS	1
Great Southern Bancorp, Inc.		1
Great Southern Bank		1
Forward-Looking Statements		2
Internet Website		2
Market Areas		2
Lending Activities		3
Loan Portfolio Composition		4
	Environmental Issues	12
	Residential Real Estate Lending	12
	Commercial Real Estate and Construction Lending	13
	Other Commercial Lending	14
	Consumer Lending	15
Originations, Purchases, Sales and Servicing of Loans		16
Loan Delinquencies and Defaults		17
Classified Assets		18
Non-Performing Assets		19
Allowances for Losses on Loans and Foreclosed Assets		21
Investment Activities		23
Sources of Funds		29
Subsidiaries		35
Competition		36
Employees		36
Government Supervision and Regulation		37
Federal and State Taxation		41
ITEM 1A.	RISK FACTORS	43
ITEM 1B.	UNRESOLVED STAFF COMMENTS	53
ITEM 2.	PROPERTIES.	53
ITEM 3.	LEGAL PROCEEDINGS.	53
ITEM 4.	RESERVED	53
ITEM 4A.	EXECUTIVE OFFICERS OF THE REGISTRANT.	53
ITEM 5.	MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	55
ITEM 6.	SELECTED CONSOLIDATED FINANCIAL DATA	56
ITEM 7.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION	59
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	90
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION	95

ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	171
ITEM 9A.	CONTROLS AND PROCEDURES.	171
ITEM 9B.	OTHER INFORMATION.	173
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.	174
ITEM 11.	EXECUTIVE COMPENSATION.	174

ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	174
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.	174
ITEM 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES.	175
ITEM 15.	EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.	176

SIGNATURES

INDEX TO EXHIBITS

PART I

ITEM 1.  BUSINESS.

THE COMPANY

Great Southern Bancorp, Inc.

Great Southern Bancorp, Inc. ("Bancorp" or "Company") is a bank holding company and a financial holding company and parent of Great Southern Bank ("Great Southern" or the "Bank"). Bancorp was incorporated under the laws of the State of Delaware in July 1989 as a unitary savings and loan holding company. After receiving the approval of the Federal Reserve Bank of St. Louis (the "Federal Reserve Board" or "FRB"), the Company became a one-bank holding company on June 30, 1998, upon the conversion of Great Southern to a Missouri-chartered trust company. In 2004, Bancorp was re-incorporated under the laws of the State of Maryland.

As a Maryland corporation, the Company is authorized to engage in any activity that is permitted by the Maryland General Corporation Law and is not prohibited by law or regulatory policy. The Company currently conducts its business as a financial holding company. Through the financial holding company structure, it is possible to expand the size and scope of the financial services offered by the Company beyond those offered by the Bank. The financial holding company structure provides the Company with greater flexibility than the Bank has to diversify its business activities, through existing or newly formed subsidiaries, or through acquisitions or mergers of other financial institutions as well as other companies. At December 31, 2010, Bancorp's consolidated assets were $3.41 billion, consolidated net loans were $1.88 billion, consolidated deposits were $2.60 billion and consolidated total stockholders' equity was $304 million. The assets of the Company consist primarily of the stock of Great Southern, available-for-sale securities, minority interests in a local trust company and a merchant banking company and cash.

Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services, which are discussed further below. The activities of the Company are funded by retained earnings and through dividends from Great Southern. Activities of the Company may also be funded through borrowings from third parties, sales of additional securities or through income generated by other activities of the Company. The Company expects to finance its future activities in a similar manner.

The executive offices of the Company are located at 1451 East Battlefield, Springfield, Missouri 65804, and its telephone number at that address is (417) 887-4400.

Great Southern Bank

Great Southern was formed as a Missouri-chartered mutual savings and loan association in 1923, and, in 1989, converted to a Missouri-chartered stock savings and loan association. In 1994, Great Southern changed to a federal savings bank charter and then, on June 30, 1998, changed to a Missouri-chartered trust company (the equivalent of a commercial bank charter). Headquartered in Springfield, Missouri, Great Southern offers a broad range of banking services through its 75 banking centers located in southwestern and central Missouri; the Kansas City, Missouri area; the St. Louis, Missouri area; eastern Kansas; northwestern Arkansas; eastern Nebraska and western and central Iowa. At December 31, 2010, the Bank had total assets of $3.41 billion, net loans of $1.88 billion, deposits of $2.64 billion and stockholders' equity of $291 million, or 8.5% of total assets. Its deposits are insured by the Deposit Insurance Fund ("DIF") to the maximum levels permitted by the Federal Deposit Insurance Corporation ("FDIC").

Great Southern is principally engaged in the business of originating residential and commercial real estate loans, construction loans, other commercial loans and consumer loans and funding these loans through attracting deposits from the general public, originating brokered deposits and borrowings from the Federal Home Loan Bank of Des Moines (the "FHLBank") and others.

For many years, Great Southern has followed a strategy of emphasizing loan origination through residential, commercial and consumer lending activities in its market areas. The goal of this strategy has been to maintain its position as one of the leading providers of financial services in its market areas, while simultaneously diversifying assets and reducing interest rate risk by originating and holding adjustable-rate loans in its portfolio and selling fixed-rate single-family mortgage loans in the secondary market. The Bank continues to place primary emphasis on residential mortgage and other real estate lending while also expanding and increasing its originations of commercial business and consumer loans.

The corporate office of the Bank is located at 1451 East Battlefield, Springfield, Missouri 65804 and its telephone number at that address is (417) 887-4400.

1

Forward-Looking Statements

When used in this Form 10-K and in other filings by the Company with the Securities and Exchange Commission (the "SEC"), in the Company's press releases or other public or shareholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases "will likely result" "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, including, among other things, (i) expected cost savings, synergies and other benefits from the Company’s merger and acquisition activities might not be realized within the anticipated time frames or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected; (ii) changes in economic conditions, either nationally or in the Company’s market areas; (iii) fluctuations in interest rates; (iv) the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; (v) the possibility of other-than-temporary impairments of securities held in the Company’s securities portfolio; (vi) the Company’s ability to access cost-effective funding; (vii) fluctuations in real estate values and both residential and commercial real estate market conditions; (viii) demand for loans and deposits in the Company’s market areas; (ix) legislative or regulatory changes that adversely affect the Company’s business, including, without limitation, the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act and its implementing regulations, and the new overdraft protection regulations and customers’ responses thereto; (x) monetary and fiscal policies of the Federal Reserve Board and the U.S. Government and other governmental initiatives affecting the financial services industry; (xi) results of examinations of the Company and the Bank by their regulators, including the possibility that the regulators may, among other things, require the Company to increase its allowance for loan losses or to write-down assets; (xii) the uncertainties arising from the Company’s participation in the TARP Capital Purchase Program, including impacts on employee recruitment and retention and other business and practices, and uncertainties concerning the potential redemption by us of the U.S. Treasury’s preferred stock investment under the program, including the timing of, regulatory approvals for, and conditions placed upon, any such redemption; (xiii) costs and effects of litigation, including settlements and judgments; and (xiv) competition.  The Company wishes to advise readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements.

The Company does not undertake-and specifically declines any obligation- to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Internet Website

Bancorp maintains a website at www.greatsouthernbank.com. The information contained on that website is not included as part of, or incorporated by reference into, this Annual Report on Form 10-K. Bancorp currently makes available on or through its website Bancorp's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K or amendments to these reports. These materials are also available free of charge (other than a user's regular internet access charges) on the Securities and Exchange Commission's website at www.sec.gov.

Market Areas

During 2009, Great Southern significantly expanded its geographic footprint by adding operations in three contiguous states - Iowa, Kansas and Nebraska – to its previous primary market areas of southwestern, western and central Missouri.  The Company’s expansion was primarily due to two FDIC-assisted transactions in 2009 which increased the Company’s banking center network from 39 to 72 banking centers. In 2010, the Company added three de novo full-service banking centers: one in Rogers, Ark., one in Forsyth, Mo., and one in Des Peres, Mo., a suburb of St. Louis. At the end of 2010, the Company operated 75 full-service banking centers serving more than 151,000 customer households in five states.

Great Southern’s largest concentration of loans and deposits is in the Springfield, Mo., area. The Company’s growth in 2009 provided greater diversification of its loan and deposit portfolios.  Besides the Springfield market area, the Company has loan and deposit concentrations in the Kansas City and St. Louis metropolitan markets, the Branson, Mo., area, the northwest Arkansas region and the Sioux City and Des Moines, Iowa, markets. Loans and deposits are also generated in banking centers in rural markets in Missouri, Iowa, Kansas and Nebraska.

As of December 31, 2010, the Company’s total loan portfolio balance, excluding loans covered by FDIC loss sharing agreements, was $1.6 billion. Geographically, the loan portfolio consists of loans collateralized by property (real estate and other assets) located in the following regions (including loan balance and percentage of total loans): Springfield ($478 million, 29%); St. Louis ($278 million, 17%); Branson ($190 million, 12%); Kansas City ($112 million, 7%); Northwest Arkansas ($93 million, 6%); other Missouri regions ($180 million, 11%), and other states and regions ($307 million, 18%). The Company’s balance of its portfolio of loans covered by

2

FDIC loss sharing agreements was $427 million as of December 31, 2010. The FDIC loss sharing agreements, which were a part of the two FDIC-assisted transactions completed in 2009, provide the Company significant protection against losses on the loans in this portfolio. Geographically, the total loan portfolio covered by FDIC loss sharing agreements consists of loans collateralized by property (real estate and other assets) located in the following regions (including loan balance and percentage of total loans): Iowa ($146 million, 34%); Kansas City ($119 million, 28%); Kansas ($23 million, 5%); other Missouri regions ($24 million, 6%), and other regions ($115 million, 27%).

According to the January 2011 Federal Reserve Beige Book, general market economic conditions continued to be challenging in the Company’s geographic footprint; however, economic activity increased modestly from the Federal Reserve’s prior report in October 2010.  Loan demand remained generally sluggish according to reports from the Federal Reserve Districts that govern the Company’s geographic footprint.  Residential real estate markets remained weak across all Districts. Commercial construction was described as subdued or slow. Home sales generally decreased from the last reporting period. Unemployment in each of Great Southern’s major market areas was below the national unemployment rate of 9% (as of December 2010), except for the St. Louis metropolitan statistical area, which was above the national rate.

Lending Activities

General

From its beginnings in 1923 through the early 1980s, Great Southern primarily made long-term, fixed-rate residential real estate loans that it retained in its loan portfolio. Beginning in the early 1980s, Great Southern increased its efforts to originate short-term and adjustable-rate loans. Beginning in the mid-1980s, Great Southern increased its efforts to originate commercial real estate and other residential loans, primarily with adjustable rates or shorter-term fixed rates. In addition, some competitor banking organizations merged with larger institutions and changed their business practices or moved operations away from the Springfield, Mo. area, and others consolidated operations from the Springfield, Mo. area to larger cities. This provided Great Southern expanded opportunities in residential and commercial real estate lending as well as in the origination of commercial business and consumer loans, primarily in indirect automobile lending.

In addition to origination of these loans, the Bank has expanded and enlarged its relationships with smaller banks to purchase participations (at par, generally with no servicing costs) in loans the smaller banks originate but are unable to retain in their portfolios due to capital limitations.  The Bank uses the same underwriting guidelines in evaluating these participations as it does in its direct loan originations. At December 31, 2010, the balance of participation loans purchased and held in portfolio, excluding those covered by loss sharing agreements, was $13.6 million, or 0.8% of the total loan portfolio. None of these participation loans were non-performing at December 31, 2010.

One of the principal historical lending activities of Great Southern is the origination of fixed and adjustable-rate conventional residential real estate loans to enable borrowers to purchase or refinance owner-occupied homes. Great Southern originates a variety of conventional, residential real estate mortgage loans, principally in compliance with Freddie Mac and Fannie Mae standards for resale in the secondary market. Great Southern promptly sells most of the fixed-rate residential mortgage loans that it originates.  To date, Great Southern has not experienced problems selling these loans in the secondary market.  Depending on market conditions, the ongoing servicing of these loans is at times retained by Great Southern, but generally servicing is released to the purchaser of the loan. Great Southern retains substantially all of the adjustable-rate mortgage loans that it originates in its portfolio. 

Another principal lending activity of Great Southern is the origination of commercial real estate and commercial construction loans. Since the early 1990s, this area of lending has been an increasing percentage of the loan portfolio and accounted for approximately 38% of the total portfolio, excluding those commercial real estate and commercial construction loans covered by loss sharing agreements, at December 31, 2010. For the portfolio of loans covered by loss sharing agreements, commercial real estate and commercial construction loans accounted for approximately 8% of the total portfolio at December 31, 2010.

In addition, Great Southern in recent years has increased its emphasis on the origination of other commercial loans, home equity loans, consumer loans and student loans, and is also an issuer of letters of credit.  Letters of credit are contingent obligations and are not included in the Bank's loan portfolio.  See "-- Other Commercial Lending," "- Classified Assets," and "Loan Delinquencies and Defaults" below.

The percentage of collateral value Great Southern will loan on real estate and other property varies based on factors including, but not limited to, the type of property and its location and the borrower's credit history. As a general rule, Great Southern will loan up to 95% of the appraised value on single-family properties and up to 90% on two- to four-family residential property. Typically, private mortgage insurance is required for loan amounts above the 80% level. For commercial real estate and other residential real property loans, Great Southern may loan up to 85% of the appraised value. The origination of loans secured by other property is considered and

3

determined on an individual basis by management with the assistance of any industry guides and other information which may be available.

Loan applications are approved at various levels of authority, depending on the type, amount and loan-to-value ratio of the loan. Loan commitments of more than $750,000 (or loans exceeding the Freddie Mac loan limit in the case of fixed-rate, one- to four-family residential loans for resale) must be approved by Great Southern's loan committee. The loan committee is comprised of the Chief Executive Officer of the Bank, as chairman of the committee, and other senior officers of the Bank involved in lending activities.

Although Great Southern is permitted under applicable regulations to originate or purchase loans and loan participations secured by real estate located in any part of the United States, the Bank has historically concentrated its lending efforts in Missouri and northern Arkansas, with the largest concentration of its lending activity being in southwestern and central Missouri. As a result of the acquisitions in 2009, the Bank has significant lending activity in Iowa, Kansas and Nebraska, as well. In addition, the Bank has made loans, secured primarily by commercial real estate, in other states, primarily Oklahoma, Texas and Colorado.

Loan Portfolio Composition

The following tables set forth information concerning the composition of the Bank's loan portfolio in dollar amounts and in percentages (before deductions for loans in process, deferred fees and discounts and allowance for loan losses) as of the dates indicated. The tables are based on information prepared in accordance with generally accepted accounting principles and are qualified by reference to the Company's Consolidated Financial Statements and the notes thereto contained in Item 8 of this report.

During the year ended December 31, 2009, the Bank acquired loans through two FDIC-assisted transactions involving TeamBank, N.A., a full service commercial bank headquartered in Paola, Kansas, and Vantus Bank, a full service thrift headquartered in Sioux City, Iowa.  The loans acquired are covered by loss sharing agreements between the FDIC and the Bank which afford the Bank significant protection from potential principal losses.  Because of these loss sharing agreements, the composition of former TeamBank and Vantus Bank loans is shown below in tables separate from the legacy Great Southern portfolio. These loans were initially recorded at their fair value at the acquisition date and are recorded by the Company at their discounted value.

4

Legacy Great Southern Loan Portfolio Composition:

	December 31,
	2010					2009					2008					2007					2006
	Amount		%			Amount		%			Amount		%			Amount		%			Amount		%
	(Dollars In Thousands)
Real Estate Loans:
One- to four- family	$	257,261		15.1	%	$	248,892		14.1	%	$	226,796		12.4	%	$	191,970		9.1	%	$	176,630		9.1	%
Other residential		207,059		12.2			185,757		10.5			127,122		7.0			87,177		4.1			73,366		3.8
Commercial and industrial     revenue bonds		599,025		35.2			633,373		35.9			536,963		29.4			532,797		25.3			529,046		27.4
Residential construction:
One- to four- family		106,128		6.2			147,367		8.3			230,862		12.6			318,131		15.1			347,287		18.0
Other residential		10,000		0.6			22,012		1.3			64,903		3.6			83,720		4.0			69,077		3.6
Commercial construction		163,214		9.6			187,663		10.7			309,200		16.9			517,208		24.6			443,286		22.9
Total real estate loans		1,342,687		78.9			1,425,064		80.8			1,495,846		81.9			1,731,003		82.2			1,638,692		84.8
Other Loans:
Consumer loans:
Guaranteed student loans		---		---			10,808		0.6			7,066		0.4			3,342		0.2			3,592		0.2
Automobile, boat, etc.		124,441		7.3			126,227		7.2			132,344		7.2			112,984		5.4			96,242		5.0
Home equity and improvement		47,534		2.8			47,954		2.7			50,672		2.8			44,287		2.1			42,824		2.2
Other		1,184		0.1			1,330		0.1			1,315		0.1			4,161		0.2			2,152		0.1
Total consumer loans		173,159		10.2			186,319		10.6			191,397		10.5			164,774		7.9			144,810		7.5
Other commercial loans		185,880		10.9			151,278		8.6			139,592		7.6			207,059		9.9			149,593		7.7
Total other loans		359,039		21.1			337,597		19.2			330,989		18.1			371,833		17.8			294,403		15.2
Total loans		1,701,726		100.0	%		1,762,661		100.0	%		1,826,835		100.0	%		2,102,836		100.0	%		1,933,095		100.0	%
Less:
Loans in process		63,108					54,729					73,855					254,562					229,794
Deferred fees and discounts		2,541					2,161					2,126					2,704					2,425
Allowance for loan losses		41,487					40,101					29,163					25,459					26,258
Total loans receivable, net	$	1,594,590				$	1,665,670				$	1,721,691				$	1,820,111				$	1,674,618

5

Former TeamBank, N.A. Loan Portfolio Composition:

	December 31,
	2010					2009
	Amount		%			Amount		%
	(Dollars In Thousands)
Real Estate Loans:
Residential
One- to four- family	$	25,646		17.8	%	$	35,146		17.6	%
Other residential (multi-family)		6,412		4.4			7,992		4.0
Commercial and industrial revenue bonds		75,515		52.2			93,942		47.0
Construction		19,708		13.6			32,043		16.1
Total real estate loans		127,281		88.0			169,123		84.7
Other Loans:
Consumer loans:
Home equity and improvement		5,608		3.9			6,511		3.2
Other		850		0.6			2,521		1.3
Total consumer loans		6,458		4.5			9,032		4.5
Other commercial loans		10,894		7.5			21,619		10.8
Total other loans		17,352		12.0			30,651		15.3
Total loans	$	144,633		100.0	%	$	199,774		100.0	%

Former Vantus Bank Loan Portfolio Composition:

	December 31,
	2010					2009
	Amount		%			Amount		%
	(Dollars In Thousands)
Real Estate Loans:
Residential
One- to four- family	$	45,932		28.7	%	$	64,430		28.5	%
Other residential (multi-family)		16,866		10.5			19,241		8.5
Commercial and industrial revenue bonds		53,189		33.2			71,963		31.9
Construction		7,298		4.6			10,550		4.7
Total real estate loans		123,285		77.0			166,184		73.6
Other Loans:
Consumer loans:
Student loans		1,276		0.8			1,063		0.5
Home equity and improvement		5,933		3.7			9,353		4.1
Other		25,348		15.8			35,030		15.5
Total consumer loans		32,557		20.3			45,446		20.1
Other commercial loans		4,321		2.7			14,320		6.3
Total other loans		36,878		23.0			59,766		26.4
Total loans	$	160,163		100.0	%	$	225,950		100.0	%

6

The following tables show the fixed- and adjustable-rate composition of the Bank's loan portfolio at the dates indicated. Amounts shown for TeamBank and Vantus Bank represent unpaid principal balances, gross of fair value discounts.  The tables are based on information prepared in accordance with generally accepted accounting principles.

Legacy Great Southern Loan Portfolio Composition by Fixed- and Adjustable-Rates:

	December 31,
	2010					2009					2008					2008					2006
	Amount		%			Amount		%			Amount		%			Amount		%			Amount		%
	(Dollars In Thousands)
Fixed-Rate Loans:
Real Estate Loans
One- to four- family	$	109,703		6.5	%	$	92,164		5.2	%	$	71,990		3.9	%	$	48,790		2.3	%	$	33,378		1.7	%
Other residential		118,727		7.0			79,152		4.5			44,436		2.4			34,798		1.7			31,575		1.6
Commercial		255,678		15.0			211,862		12.0			185,631		10.2			158,223		7.5			117,701		6.1
Residential construction:
One- to four-family		27,168		1.6			26,547		1.5			22,054		1.2			17,872		0.8			9,740		0.5
Other residential		2,450		0.1			2,693		0.2			7,977		0.5			4,040		0.2			10,946		0.6
Commercial construction		76,383		4.5			29,941		1.7			22,897		1.3			12,483		0.6			8,495		0.4
Total real estate loans		590,109		34.7			442,359		25.1			354,985		19.5			276,206		13.1			211,835		10.9
Consumer		126,636		7.4			139,812		7.9			142,848		7.8			123,232		5.9			104,789		5.4
Other commercial		74,206		4.4			43,271		2.5			27,653		1.5			33,903		1.6			26,173		1.4
Total fixed-rate loans		790,951		46.5			625,442		35.5			525,486		28.8			433,341		20.6			342,797		17.7
Adjustable-Rate Loans:
Real Estate Loans
One- to four- family		147,558		8.7			156,728		8.9			154,806		8.5			143,180		6.8			143,252		7.4
Other residential		88,332		5.2			106,605		6.1			82,686		4.6			52,379		2.5			41,791		2.2
Commercial		343,347		20.2			421,511		23.9			351,332		19.2			374,574		17.8			411,346		21.3
Residential construction:
One- to four- family		78,960		4.6			121,312		6.9			208,808		11.4			300,259		14.3			337,547		17.4
Other residential		7,550		0.4			19,319		1.1			56,926		3.1			79,680		3.8			58,131		3.0
Commercial construction		86,831		5.1			157,229		8.9			286,303		15.6			504,725		24.0			434,791		22.5
Total real estate loans		752,578		44.2			982,704		55.8			1,140,861		62.4			1,454,797		69.2			1,426,858		73.8
Consumer		46,523		2.7			46,508		2.6			48,549		2.7			41,542		2.0			40,020		2.1
Other commercial		111,674		6.6			108,007		6.1			111,939		6.1			173,156		8.2			123,420		6.4
Total adjustable-rate loans		910,775		53.5			1,137,219		64.5			1,301,349		71.2			1,669,495		79.4			1,590,298		82.3
Total Loans		1,701,726		100.0	%		1,762,661		100.0	%		1,826,835		100.0	%		2,102,836		100.0	%		1,933,095		100.0	%
Less:
Loans in process		63,108					54,729					73,855					254,562					229,794
Deferred fees and discounts		2,541					2,161					2,126					2,704					2,425
Allowance for loan losses		41,487					40,101					29,163					25,459					26,258
Total loans receivable, net	$	1,594,590				$	1,665,670				$	1,721,691				$	1,820,111				$	1,674,618

7

Former TeamBank, N.A. Loan Portfolio Composition by Fixed- and Adjustable-Rates:

	December 31,
	2010					2009
	Amount		%			Amount		%
	(Dollars In Thousands)
Fixed-Rate Loans:
Real Estate Loans
Residential
One- to four- family	$	11,943		5.4	%	$	20,449		6.3	%
Other residential		5,330		2.4			5,955		1.8
Commercial		52,018		23.5			65,801		20.1
Construction		26,992		12.2			41,305		12.6
Total real estate loans		96,283		43.5			133,510		40.8
Consumer loans		1,021		0.5			2,450		0.8
Other commercial loans		9,751		4.4			16,028		4.9
Total fixed-rate loans		107,055		48.4			151,988		46.5
Adjustable-Rate Loans:
Real Estate Loans
Residential
One- to four- family		20,702		9.3			23,466		7.2
Other residential		1,617		0.7			2,126		0.7
Commercial		49,088		22.2			64,414		19.7
Construction		28,602		12.9			65,615		20.1
Total real estate loans		100,009		45.1			155,621		47.7
Consumer loans		6,716		3.0			7,606		2.3
Other commercial loans		7,699		3.5			11,553		3.5
Total adjustable-rate loans		114,424		51.6			174,780		53.5
Total loans	$	221,479		100.0	%	$	326,768		100.0	%

8

Former Vantus Bank Loan Portfolio Composition by Fixed- and Adjustable-Rates:

	December 31,
	2010					2009
	Amount		%			Amount		%
	(Dollars In Thousands)
Fixed-Rate Loans:
Real Estate Loans
Residential
One- to four- family	$	35,384		17.0	%	$	47,653		16.4	%
Other residential		6,885		3.3			9,086		3.1
Commercial		33,505		16.1			47,845		16.4
Construction		3,204		1.5			8,658		3.0
Total real estate loans		78,978		37.9			113,242		38.9
Consumer loans		29,093		2.4			38,459		13.2
Other commercial loans		5,089		14.0			7,218		2.5
Total fixed-rate loans		113,160		54.3			158,919		54.6
Adjustable-Rate Loans:
Real Estate Loans
Residential
One- to four- family		19,109		9.2			25,419		8.7
Other residential		12,183		5.9			12,568		4.3
Commercial		35,770		17.2			49,896		17.2
Construction		7,655		3.7			9,145		3.2
Total real estate loans		74,717		36.0			97,028		33.4
Consumer loans		10,866		5.2			14,950		5.1
Other commercial loans		9,420		4.5			20,039		6.9
Total adjustable-rate loans		95,003		45.7			132,017		45.4
Total loans	$	208,163		100.0	%	$	290,936		100.0	%

9

The following tables present the contractual maturities of loans at December 31, 2010. Amounts shown for TeamBank and Vantus Bank represent unpaid principal balances, gross of fair value discounts.  The tables are based on information prepared in accordance with generally accepted accounting principles.

Legacy Great Southern Loan Portfolio Composition by Contractual Maturities:

	Less Than One Year		One to Five Years		After Five Years		Total
	(In Thousands)
Real Estate Loans:
Residential
One- to four- family	$	52,984	$	57,727	$	146,550	$	257,261
Other residential		95,604		77,202		34,253		207,059
Commercial		260,642		244,462		93,921		599,025
Residential construction:
One- to four- family		77,035		24,866		4,227		106,128
Other residential		9,184		793		23		10,000
Commercial construction		95,131		58,745		9,338		163,214
Total real estate loans		590,580		463,795		288,312		1,342,687
Other Loans:
Consumer loans:
Automobile		19,019		38,432		66,990		124,441
Home equity and improvement		5,249		14,961		27,324		47,534
Other		1,184		---		---		1,184
Total consumer loans		25,452		53,393		94,314		173,159
Other commercial loans		78,088		74,633		33,159		185,880
Total other loans		103,540		128,026		127,473		359,039
Total loans	$	694,120	$	591,821	$	415,785	$	1,701,726

As of December 31, 2010, loans due after December 31, 2011 with fixed interest rates totaled $537.6 million and loans due after December 31, 2011 with adjustable rates totaled $470.0 million.

10

Former TeamBank N.A. Loan Portfolio Composition by Contractual Maturities:

	Less Than One Year		One to Five Years		After Five Years		Total
	(In Thousands)
Real Estate Loans:
Residential
One- to four- family	$	5,505	$	3,870	$	23,270	$	32,645
Other residential		5,332		391		1,224		6,947
Commercial		48,564		14,558		37,984		101,106
Construction		39,148		14,542		1,904		55,594
Total real estate loans		98,549		33,361		64,382		196,292
Other Loans:
Consumer loans:
Home equity and improvement		2		1,919		4,787		6,708
Other		252		769		8		1,029
Total consumer loans		254		2,688		4,795		7,737
Other commercial loans		11,248		2,639		3,563		17,450
Total other loans		11,502		5,327		8,358		25,187
Total loans	$	110,051	$	38,688	$	72,740	$	221,479

As of December 31, 2010, loans due after December 31, 2011 with fixed interest rates totaled $28.9 million and loans due after December 31, 2011 with adjustable rates totaled $82.6 million.

11

Former Vantus Bank Loan Portfolio Composition by Contractual Maturities:

	Less Than One Year		One to Five Years		After Five Years		Total
	(In Thousands)
Real Estate Loans:
Residential
One- to four- family	$	3,626	$	16,217	$	34,650	$	54,493
Other residential		1,503		11,313		6,252		19,068
Commercial		17,718		28,644		22,913		69,275
Construction		7,300		3,452		107		10,859
Total real estate loans		30,147		59,626		63,922		153,695
Other Loans:
Consumer loans:
Student loans		1,276		---		---		1,276
Home equity and improvement		73		---		9,720		9,793
Other		1,254		4,873		22,763		28,890