XML 86 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES -- CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 19,872 $ 16,618
Proceeds from sales of loans held for sale 47,922 125,536
Originations of loans held for sale (49,089) (126,003)
Items not requiring (providing) cash:    
Depreciation 4,220 3,935
Amortization of other assets 1,525 3,536
Compensation expense for stock option grants 273 221
Provision for loan losses 3,154 11,896
Net gains on loan sales (1,157) (3,057)
Net gains on sale or impairment of available-for-sale investment securities (642) (131)
Net gains on sale of premises and equipment (41) (17)
Loss on sale of foreclosed assets 790 1,552
Initial gain recognized on business acquisition (10,805)  
Amortization of deferred income, premiums, discounts and fair value adjustments 11,605 14,659
(Gain) loss on derivative interest rate products 233 (408)
Deferred income taxes (371) (5,101)
Changes in:    
Interest receivable 761 418
Prepaid expenses and other assets (288) (3,960)
Accounts payable and accrued expenses (3,492) 2,550
Income taxes refundable/payable   (7,130)
Net cash provided by operating activities 24,470 35,114
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in loans (143,068) (23,202)
Purchase of loans (39,926)  
Cash received from acquisitions 189,437  
Cash received from FDIC loss sharing reimbursements 5,894 16,092
Purchase of premises and equipment (7,170) (5,748)
Proceeds from sale of premises and equipment 197 1,204
Proceeds from sale of foreclosed assets 12,362 19,331
Capitalized costs on foreclosed assets (40) (174)
Proceeds from sales of available-for-sale investment securities 41,312 3,932
Proceeds from maturing investment securities 110  
Proceeds from called investment securities 4,535 4,160
Principal reductions on mortgage-backed securities 53,996 126,294
Purchase of available-for-sale securities (19,914) (87,487)
Redemption (purchase) of Federal Home Loan Bank stock 1,768 (279)
Net cash provided by investing activities 99,493 154,123
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in certificates of deposit (102,932) (165,345)
Net increase in checking and savings deposits 37,138 26,925
Proceeds from Federal Home Loan Bank advances 245,000 1,980
Repayments of Federal Home Loan Bank advances (277,284) (145)
Net increase in short-term borrowings 22,165 16,516
Repayments of structured repurchase agreements (50,000)  
Advances from borrowers for taxes and insurance 2,677 2,248
Dividends paid (5,490) (2,763)
Purchase of company stock (481)  
Stock options exercised 545 516
Net cash used in financing activities (128,662) (120,068)
DECREASE IN CASH AND CASH EQUIVALENTS (4,699) (30,831)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 227,925 404,141
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 223,226 $ 373,310