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Note 23: Regulatory Matters
 12 Months Ended
Dec. 31, 2012
Notes  
Note 23: Regulatory Matters

Note 23:    Regulatory Matters

 

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies.  Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct and material effect on the Company’s financial statements.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices.  The Company’s and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

 

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Total and Tier I Capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I Capital (as defined) to adjusted tangible assets (as defined).  Management believes, as of December 31, 2012, that the Bank meets all capital adequacy requirements to which it is subject.

 

As of December 31, 2012, the most recent notification from the Bank’s regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action.  To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier I risk-based and Tier 1 leverage capital ratios as set forth in the table.  There are no conditions or events since that notification that management believes have changed the Bank’s category.

 

The Company’s and the Bank’s actual capital amounts and ratios are presented in the following table.  No amount was deducted from capital for interest-rate risk.

 

 

 

 

 

 

 

To Be Well

 

 

 

 

 

Capitalized Under

 

 

 

For Capital

Prompt Corrective

 

Actual

Adequacy Purposes

Action Provisions

 

Amount

Ratio

Amount

Ratio

Amount

Ratio

(In Thousands)

 

 

 

 

 

 

As of December 31, 2012

 

 

 

 

 

 

Total risk-based capital

 

 

 

 

 

 

Great Southern Bancorp, Inc.

$407,725

16.9%

$192,816

8.0%

--

--

Great Southern Bank

$338,859

15.9%

$192,646

8.0%

$240,808

10.0%

 

 

 

 

 

 

 

Tier I risk-based capital

 

 

 

 

 

 

Great Southern Bancorp, Inc.

$377,468

15.7%

$96,408

4.0%

--

--

Great Southern Bank

$353,628

14.7%

$96,323

4.0%

$144,485

6.0%

 

 

 

 

 

 

 

Tier I leverage capital

 

 

 

 

 

 

Great Southern Bancorp, Inc.

$377,468

9.5%

$159,359

4.0%

--

--

Great Southern Bank

$353,628

8.9%

$159,120

4.0%

$198,900

5.0%

 

 

 

 

 

 

 

As of December 31, 2011

 

 

 

 

 

 

Total risk-based capital

 

 

 

 

 

 

Great Southern Bancorp, Inc.

$363,721

16.1%

$180,877

8.0%

--

--

Great Southern Bank

$342,690

15.3%

$178,843

8.0%

$223,554

10.0%

 

 

 

 

 

 

 

Tier I risk-based capital

 

 

 

 

 

 

Great Southern Bancorp, Inc.

$335,298

14.8%

$90,438

4.0%

--

--

Great Southern Bank

$314,582

14.1%

$89,422

4.0%

$134,132

6.0%

 

 

 

 

 

 

 

Tier I leverage capital

 

 

 

 

 

 

Great Southern Bancorp, Inc.

$335,298

9.2%

$145,753

4.0%

--

--

Great Southern Bank

$314,582

8.6%

$145,599

4.0%

$181,999

5.0%

 

 

 

 

The Company and the Bank are subject to certain restrictions on the amount of dividends that may be declared without prior regulatory approval.  At December 31, 2012 and 2011, the Company and the Bank exceeded their minimum capital requirements.  The entities may not pay dividends which would reduce capital below the minimum requirements shown above.