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Note 27: Condensed Parent Company Statements | 12 Months Ended
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Dec. 31, 2014
Notes |
Note 27: Condensed Parent Company Statements | Note 27: Condensed Parent Company Statements The condensed statements of financial condition at December 31, 2014 and 2013, and statements of income, comprehensive income and cash flows for the years ended December 31, 2014, 2013 and 2012, for the parent company, Great Southern Bancorp, Inc., were as follows:
| December 31,
| 2014 |  | 2013
(In Thousands) |  |  |
Statements of Financial Condition |  |  |
Assets |  |  |
Cash | $64,836 |  | $38,965
Available-for-sale securities | 3,154 |  | 2,869
Investment in subsidiary bank | 385,046 |  | 371,590
Income taxes receivable | -- |  | 31
Prepaid expenses and other assets | 1,466 |  | 1,752
| $454,502 |  | $415,207
Liabilities and Stockholders’ Equity |  |  |
Accounts payable and accrued expenses | $3,126 |  | $2,891
Deferred income taxes | 702 |  | 689
Subordinated debentures issued to capital trust | 30,929 |  | 30,929
Preferred stock | 57,943 |  | 57,943
Common stock | 138 |  | 137
Additional paid-in capital | 22,345 |  | 19,567
Retained earnings | 332,283 |  | 300,589
Accumulated other comprehensive gain | 7,036 |  | 2,462
| $454,502 |  | $415,207
| 2014 |  | 2013 |  | 2012
(In Thousands) |  |  |  |  |
Statements of Income |  |  |  |  |
Income |  |  |  |  |
Dividends from subsidiary bank | $36,000 |  | $24,000 |  | $12,000
Interest and dividend income | 22 |  | 20 |  | 33
Net realized gains on sales of |  |  |  |  |
available-for-sale securities | -- |  | -- |  | 280
Other income (loss) | (20) |  | 13 |  | (19)
| 36,002 |  | 24,033 |  | 12,294
Expense |  |  |  |  |
Operating expenses | 1,198 |  | 1,132 |  | 1,297
Interest expense | 567 |  | 560 |  | 617
| 1,765 |  | 1,692 |  | 1,914
Income before income tax and |  |  |  |  |
equity in undistributed earnings |  |  |  |  |
of subsidiaries | 34,237 |  | 22,341 |  | 10,380
Credit for income taxes | (388) |  | (365) |  | (401)
Income before equity in earnings |  |  |  |  |
of subsidiaries | 34,625 |  | 22,706 |  | 10,781
Equity in undistributed earnings of |  |  |  |  |
subsidiaries | 8,904 |  | 11,023 |  | 37,925
Net income | $43,529 |  | $33,729 |  | $48,706
| 2014 |  | 2013 |  | 2012
(In Thousands) |  |  |  |  |
Statements of Cash Flows |  |  |  |  |
Operating Activities |  |  |  |  |
Net income | $43,529 |  | $33,729 |  | $48,706
Items not requiring (providing) cash |  |  |  |  |
Equity in undistributed earnings of subsidiary | (8,904) |  | (11,023) |  | (37,925)
Compensation expense for stock option grants | 565 |  | 443 |  | 435
Net realized gains on sales of available-for-sale |  |  |  |  |
securities | -- |  | -- |  | (280)
Amortization of interest rate derivative | 19 |  | -- |  | --
Changes in |  |  |  |  |
Prepaid expenses and other assets | (3) |  | 4 |  | (19)
Accounts payable and accrued expenses | (67) |  | (146) |  | 226
Income taxes | 43 |  | 1 |  | 10
Net cash provided by operating activities | 35,182 |  | 23,008 |  | 11,153
Investing Activities |  |  |  |  |
(Investment)/Return of principal - other investments | 20 |  | (13) |  | 49
Proceeds from sale of available-for-sale securities | -- |  | -- |  | 664
Proceeds from maturity of held-to-maturity securities | -- |  | -- |  | 840
Net cash provided by (used in) investing |  |  |  |  |
activities | 20 |  | (13) |  | 1,553
Financing Activities |  |  |  |  |
Purchase of interest rate derivative | -- |  | (738) |  | --
Purchases of the Company’s common stock | (512) |  | -- |  | --
Dividends paid | (11,257) |  | (7,964) |  | (12,991)
Stock options exercised | 2,438 |  | 1,242 |  | 2,269
Net cash used in financing activities | (9,331) |  | (7,460) |  | (10,722)
Increase in Cash | 25,871 |  | 15,535 |  | 1,984
Cash, Beginning of Year | 38,965 |  | 23,430 |  | 21,446
Cash, End of Year | $64,836 |  | $38,965 |  | $23,430
Additional Cash Payment Information |  |  |  |  |
Interest paid | $570 |  | $565 |  | $620
| 2014 |  | 2013 |  | 2012
(In Thousands) |  |  |  |  |
Statements of Comprehensive Income |  |  |  |  |
Net Income | $43,529 |  | $33,729 |  | $48,706
Unrealized appreciation on available-for-sale securities, net of taxes of $100, $302 and 195, for 2014, 2013 and 2012, respectively | 185 |  | 561 |  | 363
Less: reclassification adjustment for gains included in net income, net of taxes of $0, $0 and $98 for 2014, 2013 and 2012, respectively | -- |  | -- |  | (182)
Change in fair value of cash flow hedge, net of taxes |  |  |  |  |
(credit) of $(88), $(19) and $0 for 2014, 2013 and |  |  |  |  |
2012, respectively | (164) |  | (34) |  | --
Comprehensive income (loss) of subsidiaries | 4,553 |  | (14,715) |  | 4,056
Comprehensive Income | $48,103 |  | $19,541 |  | $52,943

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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