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Note 26: Condensed Parent Company Statements | 12 Months Ended
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Dec. 31, 2019
Notes |
Note 26: Condensed Parent Company Statements | Note 26: Condensed Parent Company Statements The condensed statements of financial condition at December 31, 2019 and 2018, and statements of income, comprehensive income and cash flows for the years ended December 31, 2019, 2018 and 2017, for the parent company, Great Southern Bancorp, Inc., were as follows:
|  | December 31,
|  | 2019 |  |  | 2018
|  | (In Thousands)
Statements of Financial Condition |  |  |  |  |
Assets |  |  |  |  |
Cash | $ | 58,726 |  | $ | 56,648
Investment in subsidiary bank |  | 650,329 |  |  | 580,016
Deferred and accrued income taxes |  | 111 |  |  | 411
Prepaid expenses and other assets |  | 868 |  |  | 889
| $ | 710,034 |  | $ | 637,964
Liabilities and Stockholders’ Equity |  |  |  |  |
Accounts payable and accrued expenses | $ | 6,918 |  | $ | 6,371
Subordinated debentures issued to capital trust |  | 25,774 |  |  | 25,774
Subordinated notes |  | 74,276 |  |  | 73,842
Common stock |  | 143 |  |  | 142
Additional paid-in capital |  | 33,510 |  |  | 30,121
Retained earnings |  | 537,167 |  |  | 492,087
Accumulated other comprehensive income |  | 32,246 |  |  | 9,627
| $ | 710,034 |  | $ | 637,964
|  | 2019 |  |  | 2018 |  |  | 2017
|  | (In Thousands)
Statements of Income |  |  |  |  |  |  |  |
Income |  |  |  |  |  |  |  |
Dividends from subsidiary bank | $ | 32,000 |  | $ | 34,000 |  | $ | 17,500
Interest and dividend income |  | — |  |  | — |  |  | 48
Loss on other investments |  | (23) |  |  | — |  |  | —
|  | 31,977 |  |  | 34,000 |  |  | 17,548
Expense |  |  |  |  |  |  |  |
Operating expenses |  | 2,044 |  |  | 1,793 |  |  | 1,330
Interest expense |  | 5,397 |  |  | 5,050 |  |  | 5,047
|  | 7,441 |  |  | 6,843 |  |  | 6,377
Income before income tax and equity in |  |  |  |  |  |  |  |
undistributed earnings of subsidiaries |  | 24,536 |  |  | 27,157 |  |  | 11,171
Credit for income taxes |  | (1,381) |  |  | (1,204) |  |  | (1,709)
Income before equity in earnings of subsidiaries |  | 25,917 |  |  | 28,361 |  |  | 12,880
Equity in undistributed earnings of subsidiaries |  | 47,695 |  |  | 38,748 |  |  | 38,684
Net income | $ | 73,612 |  | $ | 67,109 |  | $ | 51,564
|  | 2019 |  |  | 2018 |  |  | 2017
|  | (In Thousands)
Statements of Cash Flows |  |  |  |  |  |  |  |
Operating Activities |  |  |  |  |  |  |  |
Net income | $ | 73,612 |  | $ | 67,109 |  | $ | 51,564
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  | (47,695) |  |  | (38,748) |  |  | (38,684)
Compensation expense for stock option grants |  | 922 |  |  | 737 |  |  | 564
Amortization of interest rate derivative and deferred costs on subordinated notes |  | 434 |  |  | 154 |  |  | 441
Loss on other investments |  | 23 |  |  | — |  |  | —
Changes in |  |  |  |  |  |  |  |
Prepaid expenses and other assets |  | (3) |  |  | 13 |  |  | 132
Accounts payable and accrued expenses |  | 226 |  |  | 182 |  |  | (115)
Income taxes |  | 300 |  |  | (278) |  |  | 6
Net cash provided by operating activities |  | 27,819 |  |  | 29,169 |  |  | 13,908
Investing Activities |  |  |  |  |  |  |  |
(Investment)/Return of principal - other investments |  | 2 |  |  | — |  |  | —
Net cash provided by investing activities |  | 2 |  |  | — |  |  | —
Financing Activities |  |  |  |  |  |  |  |
Purchases of the Company’s common stock |  | (849) |  |  | (903) |  |  | —
Dividends paid |  | (29,052) |  |  | (15,819) |  |  | (12,894)
Stock options exercised |  | 4,158 |  |  | 2,224 |  |  | 3,247
Net cash used in financing activities |  | (25,743) |  |  | (14,498) |  |  | (9,647)
Increase in Cash |  | 2,078 |  |  | 14,671 |  |  | 4,261
Cash, Beginning of Year |  | 56,648 |  |  | 41,977 |  |  | 37,716
Cash, End of Year | $ | 58,726 |  | $ | 56,648 |  | $ | 41,977
Additional Cash Payment Information |  |  |  |  |  |  |  |
Interest paid | $ | 5,424 |  | $ | 5,001 |  | $ | 5,059
|  | 2019 |  |  | 2018 |  |  | 2017
|  | (In Thousands)
Statements of Comprehensive Income |  |  |  |  |  |  |  |
Net Income | $ | 73,612 |  | $ | 67,109 |  | $ | 51,564
Change in fair value of cash flow hedge, net of taxes of $0, $0 and $93 for 2019, 2018 and 2017, respectively |  | — |  |  | — |  |  | 161
Comprehensive income (loss) of subsidiaries |  | 22,619 |  |  | 8,114 |  |  | (478)
Comprehensive Income | $ | 96,231 |  | $ | 75,223 |  | $ | 51,247

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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/disclosureRef -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 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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