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Note 24: Regulatory Matters | 12 Months Ended
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Dec. 31, 2018
Notes |
Note 24: Regulatory Matters | Note 24: Regulatory Matters The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct and material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under U.S. GAAP, regulatory reporting practices, and regulatory capital standards. The Company’s and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulatory reporting standards to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below as of December 31, 2018) of Total and Tier I Capital (as defined) to risk-weighted assets (as defined), of Tier I Capital (as defined) to adjusted tangible assets (as defined) and of Common Equity Tier 1 Capital (as defined) to risk-weighted assets (as defined). Management believes, as of December 31, 2018, that the Bank met all capital adequacy requirements to which it was then subject. As of December 31, 2018, the most recent notification from the Bank’s regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized as of December 31, 2018, the Bank must have maintained minimum Total capital, Tier I capital, Tier 1 Leverage capital and Common Equity Tier 1 capital ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Company and the Bank are subject to certain restrictions on the amount of dividends that may be declared without prior regulatory approval. At December 31, 2018 and 2017, the Company and the Bank exceeded their minimum capital requirements then in effect. The entities may not pay dividends which would reduce capital below the minimum requirements shown above. In addition to the minimum capital ratios, the new capital rules include a capital conservation buffer, under which a banking organization must have CET1 more than 2.5% above each of its minimum risk-based capital ratios in order to avoid restrictions on paying dividends, repurchasing shares, and paying certain discretionary bonuses. The net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital. The Company’s and the Bank’s actual capital amounts and ratios are presented in the following table. No amount was deducted from capital for interest-rate risk.
|  |  |  |  | To Be Well
|  |  |  |  | Capitalized Under
|  |  | For Capital | Prompt Corrective
| Actual | Adequacy Purposes | Action Provisions
| Amount | Ratio | Amount | Ratio | Amount | Ratio
| (Dollars In Thousands)
As of December 31, 2018 |  |  |  |  |  |
Total capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $651,469 | 14.4% | $360,826 | 8.0% | N/A | N/A
Great Southern Bank | $599,509 | 13.3% | $360,767 | 8.0% | $450,959 | 10.0%
Tier I capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $538,060 | 11.9% | $270,619 | 6.0% | N/A | N/A
Great Southern Bank | $561,100 | 12.4% | $270,575 | 6.0% | $360,767 | 8.0%
Tier I leverage capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $538,060 | 11.7% | $184,088 | 4.0% | N/A | N/A
Great Southern Bank | $561,100 | 12.2% | $184,050 | 4.0% | $230,062 | 5.0%
Common equity Tier I capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $513,060 | 11.4% | $202,965 | 4.5% | N/A | N/A
Great Southern Bank | $561,100 | 12.4% | $202,931 | 4.5% | $293,123 | 6.5%
As of December 31, 2017 |  |  |  |  |  |
Total capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $597,177 | 14.1% | $339,649 | 8.0% | N/A | N/A
Great Southern Bank | $558,668 | 13.2% | $339,575 | 8.0% | $424,468 | 10.0%
Tier I capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $485,685 | 11.4% | $254,737 | 6.0% | N/A | N/A
Great Southern Bank | $522,176 | 12.3% | $254,681 | 6.0% | $339,575 | 8.0%
Tier I leverage capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $485,685 | 10.9% | $177,881 | 4.0% | N/A | N/A
Great Southern Bank | $522,176 | 11.7% | $177,844 | 4.0% | $222,305 | 5.0%
Common equity Tier I capital |  |  |  |  |  |
Great Southern Bancorp, Inc. | $460,661 | 10.9% | $191,053 | 4.5% | N/A | N/A
Great Southern Bank | $522,152 | 12.3% | $191,011 | 4.5% | $275,904 | 6.5%

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- Definition The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958572-112826 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958573-112826 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958570-112826 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958569-112826 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958577-112826 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958575-112826 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958574-112826 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958568-112826 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=84167132&loc=d3e65071-112826 + Details
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