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FDIC-ASSISTED ACQUIRED LOANS | 9 Months Ended
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Sep. 30, 2022
FDIC-ASSISTED ACQUIRED LOANS |
FDIC-ASSISTED ACQUIRED LOANS | NOTE 7: FDIC-ASSISTED ACQUIRED LOANS On March 20, 2009, Great Southern Bank entered into a purchase and assumption agreement with loss share with the Federal Deposit Insurance Corporation (FDIC) to assume all of the deposits (excluding brokered deposits) and acquire certain assets of TeamBank, N.A., a full service commercial bank headquartered in Paola, Kansas. The related loss sharing agreement was terminated early, effective April 26, 2016, by mutual agreement of Great Southern Bank and the FDIC. Based upon the acquisition date fair values of the net assets acquired, no goodwill was recorded. On September 4, 2009, Great Southern Bank entered into a purchase and assumption agreement with loss share with the FDIC to assume all of the deposits and acquire certain assets of Vantus Bank, a full service thrift headquartered in Sioux City, Iowa. The related loss sharing agreement was terminated early, effective April 26, 2016, by mutual agreement of Great Southern Bank and the FDIC. Based upon the acquisition date fair values of the net assets acquired, no goodwill was recorded. On October 7, 2011, Great Southern Bank entered into a purchase and assumption agreement with loss share with the FDIC to assume all of the deposits and acquire certain assets of Sun Security Bank, a full service bank headquartered in Ellington, Missouri. The related loss sharing agreement was terminated early, effective April 26, 2016, by mutual agreement of Great Southern Bank and the FDIC. Based upon the acquisition date fair values of the net assets acquired, no goodwill was recorded. On April 27, 2012, Great Southern Bank entered into a purchase and assumption agreement with loss share with the FDIC to assume all of the deposits and acquire certain assets of Inter Savings Bank, FSB (“InterBank”), a full service bank headquartered in Maple Grove, Minnesota. The related loss sharing agreement was terminated early, effective June 9, 2017, by mutual agreement of Great Southern Bank and the FDIC. Based upon the acquisition date fair values of the net assets acquired, no goodwill was recorded. On June 20, 2014, Great Southern Bank entered into a purchase and assumption agreement with the FDIC to purchase a substantial portion of the loans and investment securities, as well as certain other assets, and assume all of the deposits, as well as certain other liabilities, of Valley Bank, a full-service bank headquartered in Moline, Illinois, with significant operations in Iowa. This transaction did not include a loss sharing agreement. Based upon the acquisition date fair values of the net assets acquired, no goodwill was recorded. The following table presents the balances of acquired loans related to the various FDIC-assisted transactions at September 30, 2022 and December 31, 2021. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Sun Security | ​ | ​ | ​ | ​
​ |  | TeamBank |  | Vantus Bank |  | Bank |  | InterBank |  | Valley Bank
​ | ​ | (In Thousands)
September 30, 2022 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Gross loans receivable | ​ | $ | 2,783 | ​ | $ | 4,410 | ​ | $ | 7,525 | ​ | $ | 26,253 | ​ | $ | 17,637
Balance of accretable discount due to change in expected losses | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Net carrying value of loans receivable | ​ | $ | 2,783 | ​ | $ | 4,410 | ​ | $ | 7,525 | ​ | $ | 26,253 | ​ | $ | 17,637
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2021 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Gross loans receivable | ​ | $ | 3,613 | ​ | $ | 5,304 | ​ | $ | 9,405 | ​ | $ | 32,645 | ​ | $ | 23,632
Balance of accretable discount due to change in expected losses | ​ |  | (65) | ​ |  | (19) | ​ |  | (63) | ​ |  | (58) | ​ |  | (224)
Net carrying value of loans receivable | ​ | $ | 3,548 | ​ | $ | 5,285 | ​ | $ | 9,342 | ​ | $ | 32,587 | ​ | $ | 23,408
​

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