Parent Company Only Financial Statements

12 Months Ended

Sep. 30, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Financial Statements

Parent Company Only Financial Statements

Parent company only financial information for Great Western Bancorp, Inc. is summarized as follows:

Condensed Balance Sheets

(Dollars In Thousands)

	September 30,
	2016		2015
	(dollars in thousands)
Assets
Cash and cash equivalents	$	6,521	$	2,274
Investment in subsidiaries	1,762,070		1,540,682
Accrued interest receivable	8		2
Net deferred tax assets	855		852
Other assets	7,685		6,642
Total assets	$	1,777,139	$	1,550,452
Liabilities and stockholders’ equity
Subordinated debentures and subordinated notes payable	$	111,873	$	90,727
Accrued interest payable	431		274
Accrued expenses and other liabilities	1,444		105
Total liabilities	113,748		91,106
Stockholders’ equity
Common stock	587		552
Additional paid-in capital	1,312,347		1,201,387
Retained earnings	344,923		255,089
Accumulated other comprehensive income	5,534		2,318
Total stockholders’ equity	1,663,391		1,459,346
Total liabilities and stockholders’ equity	$	1,777,139	$	1,550,452

Condensed Statements of Comprehensive Income

(Dollars In Thousands)

	Years Ended September 30,
	2016			2015			2014
	(dollars in thousands)
Income
Dividends from subsidiary bank	$	70,582		$	88,647		$	105,000
Dividends on securities	223			304			257
Other	48			53			40
Total income	70,853			89,004			105,297
Expenses
Interest on related party notes payable	—			771			921
Interest on subordinated debentures and subordinated notes payable	3,737			1,557			1,315
Salaries and employee benefits	3,723			1,547			661
Professional fees	378			722			1,080
Acquisition expenses	1,010			—			—
Other	2,512			2,224			1,834
Total expense	11,360			6,821			5,811
Income before income tax and equity in undistributed net income of subsidiaries	59,493			82,183			99,486
Income tax benefit	(3,414		)	(2,850		)	(1,993		)
Income before equity in undistributed net income of subsidiaries	62,907			85,033			101,479
Equity in undistributed net income of subsidiaries	58,346			24,032			3,473
Net income	$	121,253		$	109,065		$	104,952

Condensed Statements of Cash Flows

(Dollars In Thousands)

	Years Ended September 30,
	2016			2015			2014
	(dollars in thousands)
Operating Activities
Net income	$	121,253		$	109,065		$	104,952
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	36			12			—
Stock-based compensation	3,517			1,236			—
Deferred income taxes	3			(5,351		)	(7,478		)
Changes in:
Accrued interest receivable	(3		)	—			—
Other assets	(187		)	2,510			7,052
Accrued interest and other liabilities	225			264			(10		)
Equity in undistributed net income of subsidiaries	(58,346		)	(24,032		)	(3,473		)
Net cash provided by operating activities	66,498			83,704			101,043
Investing activities
Business acquisitions, net of cash acquired	(30,832		)	—			—
Net cash used in investing activities	(30,832		)	—			—
Financing Activities
Proceeds from issuance of subordinated notes payable, net	—			34,632			—
Payment of related party notes payable	—			(41,295		)	—
Common stock repurchased	—			(60,000		)	—
Dividends paid	(31,419		)	(20,520		)	(102,000		)
Net cash used in financing activities	(31,419		)	(87,183		)	(102,000		)
Net increase (decrease) in cash and cash equivalents	4,247			(3,479		)	(957		)
Cash and cash equivalents, beginning of year	2,274			5,753			6,710
Cash and cash equivalents, end of year	$	6,521		$	2,274		$	5,753