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Note 27: Condensed Parent Company Statements | 12 Months Ended
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Dec. 31, 2017
Notes |
Note 27: Condensed Parent Company Statements | Note 27: Condensed Parent Company Statements The condensed statements of financial condition at December 31, 2017 and 2016, and statements of income, comprehensive income and cash flows for the years ended December 31, 2017, 2016 and 2015, for the parent company, Great Southern Bancorp, Inc., were as follows:
| December 31,
| 2017 |  | 2016
| (In Thousands)
Statements of Financial Condition |  |  |
Assets |  |  |
Cash | $ 41,977 |  | $ 37,716
Investment in subsidiary bank | 533,153 |  | 494,947
Deferred and accrued income taxes | 133 |  | 89
Prepaid expenses and other assets | 903 |  | 1,214
| $ 576,166 |  | $ 533,966
Liabilities and Stockholders’ Equity |  |  |
Accounts payable and accrued expenses | $ 5,042 |  | $ 4,849
Subordinated debentures issued to capital trust | 25,774 |  | 25,774
Subordinated notes | 73,688 |  | 73,537
Common stock | 141 |  | 140
Additional paid-in capital | 28,203 |  | 25,942
Retained earnings | 442,077 |  | 402,166
Accumulated other comprehensive income | 1,241 |  | 1,558
| $ 576,166 |  | $ 533,966
| 2017 |  | 2016 |  | 2015
| (In Thousands)
Statements of Income |  |  |  |  |
Income |  |  |  |  |
Dividends from subsidiary bank | $ 17,500 |  | $ 12,000 |  | $ 27,000
Interest and dividend income | 48 |  | -- |  | 5
Gain on redemption of trust preferred securities and sale of non-marketable securities | -- |  | 2,735 |  | 1,416
Other income (loss) | -- |  | 2 |  | (7)
| 17,548 |  | 14,737 |  | 28,414
Expense |  |  |  |  |
Operating expenses | 1,330 |  | 1,322 |  | 1,139
Interest expense | 5,047 |  | 2,381 |  | 714
| 6,377 |  | 3,703 |  | 1,853
Income before income tax and |  |  |  |  |
equity in undistributed earnings |  |  |  |  |
of subsidiaries | 11,171 |  | 11,034 |  | 26,561
Credit for income taxes | (1,709) |  | (241) |  | (91)
Income before equity in earnings |  |  |  |  |
of subsidiaries | 12,880 |  | 11,275 |  | 26,652
Equity in undistributed earnings of |  |  |  |  |
subsidiaries | 38,684 |  | 34,067 |  | 19,850
Net income | $ 51,564 |  | $ 45,342 |  | $ 46,502
| 2017 |  | 2016 |  | 2015
| (In Thousands)
Statements of Cash Flows |  |  |  |  |
Operating Activities |  |  |  |  |
Net income | $ 51,564 |  | $ 45,342 |  | $ 46,502
Items not requiring (providing) cash |  |  |  |  |
Equity in undistributed earnings of subsidiary | (38,684) |  | (34,067) |  | (19,850)
Compensation expense for stock option grants | 564 |  | 483 |  | 382
Net realized gains on redemption of trust preferred |  |  |  |  |
securities | -- |  | -- |  | (1,115)
Net realized gains on sales of non-marketable |  |  |  |  |
securities | -- |  | -- |  | (301)
Net realized gains on sales of available-for-sale |  |  |  |  |
securities | -- |  | (2,735) |  | --
Amortization of interest rate derivative and deferred costs on subordinated notes | 441 |  | 289 |  | 204
Changes in |  |  |  |  |
Prepaid expenses and other assets | 132 |  | 175 |  | (27)
Accounts payable and accrued expenses | (115) |  | 1,495 |  | 63
Income taxes | 6 |  | (206) |  | 55
Net cash provided by operating activities | 13,908 |  | 10,776 |  | 25,913
Investing Activities |  |  |  |  |
Proceeds from sales of available-for-sale securities | -- |  | 3,583 |  | --
Investment in subsidiary | -- |  | (60,000) |  | --
(Investment)/Return of principal - other investments | -- |  | (2) |  | 16
Net cash provided by (used in) investing |  |  |  |  |
activities | -- |  | (56,419) |  | 16
Financing Activities |  |  |  |  |
Proceeds from issuance of subordinated notes | -- |  | 73,472 |  | --
Redemption of preferred stock | -- |  | -- |  | (57,943)
Redemption of trust preferred securities | -- |  | -- |  | (3,885)
Purchases of the Company’s common stock | -- |  | -- |  | --
Dividends paid | (12,894) |  | (12,232) |  | (12,290)
Stock options exercised | 3,247 |  | 2,110 |  | 3,362
Net cash provided by (used in) financing activities | (9,647) |  | 63,350 |  | (70,756)
Increase (Decrease) in Cash | 4,261 |  | 17,707 |  | (44,827)
Cash, Beginning of Year | 37,716 |  | 20,009 |  | 64,836
Cash, End of Year | $ 41,977 |  | $ 37,716 |  | $ 20,009
Additional Cash Payment Information |  |  |  |  |
Interest paid | $ 5,059 |  | $ 846 |  | $ 730
| 2017 |  | 2016 |  | 2015
| (In Thousands)
Statements of Comprehensive Income |  |  |  |  |
Net Income | $ 51,564 |  | $ 45,342 |  | $ 46,502
Unrealized appreciation on available-for-sale securities, net of taxes (credit) of $0, $(90) and $273, for 2017, 2016 and 2015, respectively | -- |  | (158) |  | 400
Reclassification adjustment for gains included in net income, net of (taxes) credit of $0, $(993) and $0, for 2017, 2016 and 2015, respectively | -- |  | (1,742) |  | --
Change in fair value of cash flow hedge, net of taxes |  |  |  |  |
(credit) of $93, $50 and $(34) for 2017, 2016 and |  |  |  |  |
2015, respectively | 161 |  | 87 |  | (50)
Comprehensive income (loss) of subsidiaries | (478) |  | (2,293) |  | (1,722)
Comprehensive Income | $ 51,247 |  | $ 41,236 |  | $ 45,130

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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 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
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