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Note 27: Condensed Parent Company Statements | 12 Months Ended
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Dec. 31, 2015
Notes |
Note 27: Condensed Parent Company Statements | Note 27: Condensed Parent Company Statements The condensed statements of financial condition at December 31, 2015 and 2014, and statements of income, comprehensive income and cash flows for the years ended December 31, 2015, 2014 and 2013, for the parent company, Great Southern Bancorp, Inc., were as follows:
| December 31,
| 2015 |  | 2014
(In Thousands) |  |  |
Statements of Financial Condition |  |  |
Assets |  |  |
Cash | $20,009 |  | $64,836
Available-for-sale securities | 3,830 |  | 3,154
Investment in subsidiary bank | 403,174 |  | 385,046
Prepaid expenses and other assets | 1,335 |  | 1,466
| $428,348 |  | $454,502
Liabilities and Stockholders’ Equity |  |  |
Accounts payable and accrued expenses | $3,403 |  | $3,126
Deferred income taxes | 944 |  | 702
Subordinated debentures issued to capital trust | 25,774 |  | 30,929
Preferred stock | -- |  | 57,943
Common stock | 139 |  | 138
Additional paid-in capital | 24,371 |  | 22,345
Retained earnings | 368,053 |  | 332,283
Accumulated other comprehensive income | 5,664 |  | 7,036
| $428,348 |  | $454,502
| 2015 |  | 2014 |  | 2013
(In Thousands) |  |  |  |  |
Statements of Income |  |  |  |  |
Income |  |  |  |  |
Dividends from subsidiary bank | $27,000 |  | $36,000 |  | $24,000
Interest and dividend income | 5 |  | 22 |  | 20
Gain on redemption of trust preferred securities and sale of non-marketable securities | 1,416 |  | -- |  | --
Other income (loss) | (7) |  | (20) |  | 13
| 28,414 |  | 36,002 |  | 24,033
Expense |  |  |  |  |
Operating expenses | 1,139 |  | 1,198 |  | 1,132
Interest expense | 714 |  | 567 |  | 560
| 1,853 |  | 1,765 |  | 1,692
Income before income tax and |  |  |  |  |
equity in undistributed earnings |  |  |  |  |
of subsidiaries | 26,561 |  | 34,237 |  | 22,341
Credit for income taxes | (91) |  | (388) |  | (365)
Income before equity in earnings |  |  |  |  |
of subsidiaries | 26,652 |  | 34,625 |  | 22,706
Equity in undistributed earnings of |  |  |  |  |
subsidiaries | 19,850 |  | 8,904 |  | 11,023
Net income | $46,502 |  | $43,529 |  | $33,729
| 2015 |  | 2014 |  | 2013
(In Thousands) |  |  |  |  |
Statements of Cash Flows |  |  |  |  |
Operating Activities |  |  |  |  |
Net income | $46,502 |  | $43,529 |  | $33,729
Items not requiring (providing) cash |  |  |  |  |
Equity in undistributed earnings of subsidiary | (19,850) |  | (8,904) |  | (11,023)
Compensation expense for stock option grants | 382 |  | 565 |  | 443
Net realized gains on redemption of trust preferred |  |  |  |  |
securities | (1,115) |  | -- |  | --
Net realized gains on sales of non-marketable |  |  |  |  |
securities | (301) |  | -- |  | --
Amortization of interest rate derivative | 204 |  | 19 |  | --
Changes in |  |  |  |  |
Prepaid expenses and other assets | (27) |  | (3) |  | 4
Accounts payable and accrued expenses | 63 |  | (67) |  | (146)
Income taxes | 55 |  | 43 |  | 1
Net cash provided by operating activities | 25,913 |  | 35,182 |  | 23,008
Investing Activities |  |  |  |  |
(Investment)/Return of principal - other investments | 16 |  | 20 |  | (13)
Net cash provided by (used in) investing |  |  |  |  |
activities | 16 |  | 20 |  | (13)
Financing Activities |  |  |  |  |
Purchase of interest rate derivative | -- |  | -- |  | (738)
Redemption of preferred stock | (57,943) |  | -- |  | --
Redemption of trust preferred securities | (3,885) |  | -- |  | --
Purchases of the Company’s common stock | -- |  | (512) |  | --
Dividends paid | (12,290) |  | (11,257) |  | (7,964)
Stock options exercised | 3,362 |  | 2,438 |  | 1,242
Net cash used in financing activities | (70,756) |  | (9,331) |  | (7,460)
Increase (Decrease) in Cash | (44,827) |  | 25,871 |  | 15,535
Cash, Beginning of Year | 64,836 |  | 38,965 |  | 23,430
Cash, End of Year | $20,009 |  | $64,836 |  | $38,965
Additional Cash Payment Information |  |  |  |  |
Interest paid | $730 |  | $570 |  | $565
| 2015 |  | 2014 |  | 2013
(In Thousands) |  |  |  |  |
Statements of Comprehensive Income |  |  |  |  |
Net Income | $46,502 |  | $43,529 |  | $33,729
Unrealized appreciation on available-for-sale securities, net of taxes of $273, $100 and $302, for 2015, 2014 and 2013, respectively | 400 |  | 185 |  | 561
Change in fair value of cash flow hedge, net of taxes |  |  |  |  |
(credit) of $(34), $(88) and $(19) for 2015, 2014 and |  |  |  |  |
2013, respectively | (50) |  | (164) |  | (34)
Comprehensive income (loss) of subsidiaries | (1,722) |  | 4,553 |  | (14,715)
Comprehensive Income | $45,130 |  | $48,103 |  | $19,541

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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 FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 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 SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: 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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