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GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 18,238$ 17,525
Proceeds from sales of loans held for sale123,123123,821
Originations of loans held for sale(119,759)(122,307)
Items not requiring (providing) cash:  
Depreciation3,7212,520
Amortization of other assets1,681760
Compensation expense for stock option grants360340
Provision for loan losses25,13128,300
Net gains on loan sales(2,352)(2,704)
Net gains on sale or impairment of available-for-sale investment securities(83)(8,906)
Net (gains) losses on sale of premises and equipment152(33)
Loss on sale of foreclosed assets8671,066
Amortization (accretion) of deferred income, premiums, discounts and fair value adjustments29,456(1,300)
Deferred income taxes(2,765)6,599
Changes in:  
Interest receivable1,0463,230
Prepaid expenses and other assets(13,183)30,810
Accounts payable and accrued expenses(867)742
Income taxes refundable/payable(1,793)(17,950)
Net cash provided by operating activities62,97362,513
CASH FLOWS FROM INVESTING ACTIVITIES  
Net (increase) decrease in loans(123,500)100,546
Purchase of loans(2,100)(12,164)
Proceeds from sale of student loans80422,291
Purchase of additional business units(1)(25)
Purchase of premises and equipment(12,446)(6,100)
Proceeds from sale of premises and equipment449169
Proceeds from sale of foreclosed assets10,44621,932
Capitalized costs on foreclosed assets(239)(1,188)
Proceeds from sales of available-for-sale investment securities21,217296,948
Proceeds from maturing held-to-maturity investment securities1,202410
Proceeds from called investment securities7,83546,920
Principal reductions on mortgage-backed securities89,451151,079
Purchase of available-for-sale securities(136,811)(380,583)
Purchase of held-to-maturity securities(840)(30,000)
(Purchase) redemption of Federal Home Loan Bank stock336(360)
Net cash (used in) provided by investing activities(144,197)209,875
CASH FLOWS FROM FINANCING ACTIVITIES  
Net decrease in certificates of deposit(115,249)(288,976)
Net increase in checking and savings deposits138,905154,421
Repayments of Federal Home Loan Bank advances(1,402)(16,853)
Net decrease in short-term borrowings and structured repo(11,575)(79,793)
Advances from borrowers for taxes and insurance1,570672
Proceeds from issuance of preferred stock57,943 
Redemption of preferred stock(58,000) 
Purchase of common stock warrant(6,436) 
Dividends paid(9,466)(9,423)
Stock options exercised263524
Net cash used in financing activities(3,447)(239,428)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(84,671)32,960
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD429,971444,576
CASH AND CASH EQUIVALENTS, END OF PERIOD$ 345,300$ 477,536