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Note 16: Redemption of Subordinated Debentures Issued To Capital Trust | 3 Months Ended
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Sep. 30, 2015
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Note 16: Redemption of Subordinated Debentures Issued To Capital Trust | NOTE 16: REDEMPTION OF SUBORDINATED DEBENTURES ISSUED TO CAPITAL TRUST On July 29, 2015, the Company was the successful bidder in an auction of the $5.0 million aggregate liquidation amount of floating rate cumulative trust preferred securities issued in 2007 by Great Southern Capital Trust III, a statutory trust formed by the Company for the purpose of issuing those securities and holding the Company’s related floating rate junior subordinated debentures. The Company purchased the trust preferred securities at a discount, which resulted in a pre-tax gain of approximately $1.1 million. Subsequent to the purchase, which resulted in the Company’s ownership of all of the outstanding common and preferred securities of Great Southern Capital Trust III, such securities were canceled and the principal amount of the Company’s related debentures, which had equaled the aggregate liquidation amount of the outstanding common and preferred securities of Great Southern Capital Trust III, was reduced to zero.

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