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Condensed Parent Company Statements

12 Months Ended

Dec. 31, 2011

Condensed Parent Company Statements [Abstract]

Note 27: Condensed Parent Company Statements

The condensed statements of financial condition at December 31, 2011 and 2010, and statements of income and cash flows for the years ended December 31, 2011, 2010 and 2009, for the parent company, Great Southern Bancorp, Inc., were as follows:

	December 31,
	2011	2010
	(In Thousands)

Statements of Financial Condition

Assets
Cash	$21,446	$44,442
Available-for-sale securities	1,831	2,123
Held-to-maturity securities	840	—
Investment in subsidiary bank	333,482	290,603
Income taxes receivable	42	44
Prepaid expenses and other assets	1,089	1,149

	$358,730	$338,361

Liabilities and Stockholders’ Equity
Accounts payable and accrued expenses	$3,004	$3,111
Deferred income taxes	210	312
Subordinated debentures issued to capital trust	30,929	30,929
Preferred stock	57,943	56,480
Common stock	134	134
Common stock warrants	—	2,452
Additional paid-in capital	17,183	20,701
Retained earnings	236,914	220,021
Unrealized gain on available-for-sale securities, net	12,413	4,221

	$358,730	$338,361

	2011	2010	2009
	(In Thousands)
Statements of Income
Income
Dividends from subsidiary bank	$12,000	$12,000	$11,750
Interest and dividend income	27	16	34
Net realized gains on sales of
available-for-sale securities	—	15	—
Net realized losses on
impairments of available-for-
sale securities	—	—	(533)
Other income (loss)	—	(11)	(4)

	12,027	12,020	11,247

Expense
Operating expenses	1,196	1,121	972
Interest expense	569	578	773

	1,765	1,699	1,745

Income before income tax and
equity in undistributed earnings
of subsidiaries	10,262	10,321	9,502
Credit for income taxes	(510)	(502)	(601)

Income before equity in earnings
of subsidiaries	10,772	10,823	10,103

Equity in undistributed earnings of
subsidiaries	19,497	13,042	54,944

Net income	$30,269	$23,865	$65,047

	2011	2010	2009
	(In Thousands)
Statements of Cash Flows
Operating Activities
Net income	$30,269	$23,865	$65,047
Items not requiring (providing) cash
Equity in undistributed earnings of subsidiary	(19,497)	(13,042)	(54,944)
Depreciation	—	—	1
Compensation expense for stock option grants	486	461	337
Net realized gains on sale of fixed assets	—	—	(5)
Net realized losses on impairments of available-
for-sale securities	—	—	533
Net realized (gains) losses on other investments	—	(5)	9
Changes in
Prepaid expenses and other assets	—	8	(10)
Accounts payable and accrued expenses	(58)	75	(212)
Income taxes	2	1	611
Net cash provided by operating activities	11,202	11,363	11,367

Investing Activities
Investment in subsidiaries	(15,000)	—	(15,000)
Return of principal - other investments	61	—	10
Proceeds from sale of available-for-sale securities	—	158	—
Proceeds from sale of fixed assets	—	—	16
Purchase of held-to-maturity securities	(840)	—	—
Purchase of available-for-sale securities	—	—	(500)
Net cash provided by (used in) investing
activities	(15,779)	158	(15,474)

Financing Activities
Proceeds from issuance of SBLF preferred stock	57,943	—	—
Redemption of CPP preferred stock	(58,000)	—	—
Purchase of common stock warrant	(6,436)	—	—
Dividends paid	(12,237)	(12,567)	(12,376)
Stock options exercised	311	670	358
Net cash used in financing activities	(18,419)	(11,897)	(12,018)

Decrease in Cash	(22,996)	(376)	(16,125)

Cash, Beginning of Year	44,442	44,818	60,943

Cash, End of Year	$21,446	$44,442	$44,818

Additional Cash Payment Information
Interest paid	$563	$577	$937

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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