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GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME    
Loans$ 43,286$ 35,000$ 127,613$ 99,747
Investment securities and other6,6796,53520,53621,153
TOTAL INTEREST INCOME49,96541,535148,149120,900
INTEREST EXPENSE    
Deposits6,1209,03720,26729,834
Federal Home Loan Bank advances1,3191,3733,9204,178
Short-term borrowings and repurchase agreements7467772,2492,568
Subordinated debentures issued to capital trusts140154420432
TOTAL INTEREST EXPENSE8,32511,34126,85637,012
NET INTEREST INCOME41,64030,194121,29383,888
PROVISION FOR LOAN LOSSES8,50010,80025,13128,300
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES33,14019,39496,16255,588
NON-INTEREST INCOME    
Commissions2,0031,9176,9266,328
Service charges and ATM fees4,7344,68913,27014,333
Net realized gains on sales of loans7431,1552,3522,704
Net realized gains on sales and impairments of available-for-sale securities4835,441838,906
Late charges and fees on loans187170471611
Accretion (amortization) of income related to business acquisitions(9,911)(1,604)(29,960)961
Other income5544641,7211,526
TOTAL NON-INTEREST INCOME(1,207)12,232(5,137)35,369
NON-INTEREST EXPENSE    
Salaries and employee benefits11,76011,20235,04233,405
Net occupancy and equipment expense3,9773,43511,30610,305
Postage7198272,2852,494
Insurance1,5891,0364,5343,289
Advertising3665081,0491,307
Office supplies and printing2883579201,180
Telephone6406331,7781,741
Legal, audit and other professional fees9836772,4681,967
Expense on foreclosed assets8482,2531,9034,837
Other operating expenses1,8471,6745,4785,027
TOTAL NON-INTEREST EXPENSE23,01722,60266,76365,552
INCOME BEFORE INCOME TAXES8,9169,02424,26225,405
PROVISION FOR INCOME TAXES2,4632,8626,0247,880
NET INCOME6,4536,16218,23817,525
Preferred stock dividends and discount accretion7988572,4262,544
Non-cash deemed preferred stock dividend1,212 1,212 
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS$ 4,443$ 5,305$ 14,600$ 14,981
BASIC EARNINGS PER COMMON SHARE$ 0.33$ 0.39$ 1.08$ 1.12
DILUTED EARNINGS PER COMMON SHARE$ 0.33$ 0.38$ 1.08$ 1.07
DIVIDENDS DECLARED PER COMMON SHARE$ 0.18$ 0.18$ 0.54$ 0.54