XML 50 R34.htm IDEA: XBRL DOCUMENT v3.25.0.1

Condensed Parent Company Statements

12 Months Ended

Dec. 31, 2024

Condensed Parent Company Statements

Condensed Parent Company Statements

Note 25:      Condensed Parent Company Statements

The condensed statements of financial condition at December 31, 2024 and 2023, and statements of income, comprehensive income and cash flows for the years ended December 31, 2024, 2023 and 2022, for the parent company, Great Southern Bancorp, Inc., were as follows:

​

​	​	​	​	​	​	​
​		December 31,
​		2024			2023
​	​	(In Thousands)
Statements of Financial Condition	​	​	​	​	​	​
​	​	​	​	​	​	​
Assets	​	​	​	​	​	​
Cash	​	$	87,621	​	$	47,048
Investment in subsidiary bank	​		616,340	​		629,096
Deferred and accrued income taxes	​		618	​		641
Prepaid expenses and other assets	​		898	​		877
​	​	​	​	​	​	​
​	​	$	705,477	​	$	677,662
​	​	​	​	​	​	​
Liabilities and Stockholders’ Equity	​		​	​		​
Accounts payable and accrued expenses	​	$	5,259	​	$	5,480
Subordinated debentures issued to capital trust	​		25,774	​		25,774
Subordinated notes	​		74,876	​		74,579
Common stock	​		117	​		118
Additional paid-in capital	​		50,336	​		44,320
Retained earnings	​		603,477	​		569,872
Accumulated other comprehensive income (loss)	​		(54,362)	​		(42,481)
​	​	​	​	​	​	​
​	​	$	705,477	​	$	677,662

​

​

​

​	​	​	​	​	​	​	​	​	​
​		2024			2023			2022
​	​	(In Thousands)
​	​	​	​	​	​	​	​	​	​
Statements of Income	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
Income		​			​			​
Dividends from subsidiary bank	​	$	70,000	​	$	65,000	​	$	60,000
Other income	​		—	​		—	​		—
​	​	​	​	​	​	​	​	​	​
​	​		70,000	​		65,000	​		60,000
​	​	​	​	​	​	​	​	​	​
Expense	​		​	​		​	​		​
Operating expenses	​		3,280	​		2,780	​		2,550
Interest expense	​		6,221	​		6,158	​		5,298
​	​	​	​	​	​	​	​	​	​
​	​		9,501	​		8,938	​		7,848
​	​	​	​	​	​	​	​	​	​
Income before income tax and equity in undistributed earnings of subsidiaries	​		60,499	​		56,062	​		52,152
Credit for income taxes	​		(1,960)	​		(1,932)	​		(1,608)
​	​	​	​	​	​	​	​	​	​
Income before equity in earnings of subsidiaries	​		62,459	​		57,994	​		53,760
​	​	​	​	​	​	​	​	​	​
Equity in undistributed earnings of subsidiaries	​		(652)	​		9,806	​		22,188
​	​	​	​	​	​	​	​	​	​
Net income	​	$	61,807	​	$	67,800	​	$	75,948

​

​

​

​	​	​	​	​	​	​	​	​	​
​		2024			2023			2022
​	​	(In Thousands)
​	​	​	​	​	​	​	​	​	​
Statements of Cash Flows	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
Operating Activities	​	​	​	​	​	​	​	​	​
Net income	​	$	61,807	​	$	67,800	​	$	75,948
Items not requiring (providing) cash	​		​	​		​	​		​
Equity in undistributed earnings of subsidiary	​		652	​		(9,806)	​		(22,188)
Compensation expense for stock option grants	​		1,770	​		1,621	​		1,437
Amortization of interest rate derivative and deferred costs on subordinated notes	​		297	​		298	​		297
Changes in	​		​	​		​	​		​
Prepaid expenses and other assets	​		(21)	​		5	​		(14)
Accounts payable and accrued expenses	​		(191)	​		250	​		69
Income taxes	​		23	​		(493)	​		(54)
Net cash provided by operating activities	​		64,337	​		59,675	​		55,495
​	​	​	​	​	​	​	​	​	​
Investing Activities	​		​	​			​
Net cash provided by investing activities	​		—	​		—	​		—
​	​	​	​	​	​	​	​	​	​
Financing Activities	​			​			​
Purchases of the Company’s common stock	​		(15,152)	​		(23,326)	​		(61,847)
Dividends paid	​		(18,708)	​		(19,282)	​		(19,181)
Stock options exercised	​		10,096	​	​	884	​	​	6,258
Net cash used in financing activities	​		(23,764)	​		(41,724)	​		(74,770)
​	​	​	​	​	​	​	​	​	​
Increase (Decrease) in Cash	​		40,573	​		17,951	​		(19,275)
​	​	​	​	​	​	​	​	​	​
Cash, Beginning of Year	​		47,048	​		29,097	​		48,372
​	​	​	​	​	​	​	​	​	​
Cash, End of Year	​	$	87,621	​	$	47,048	​	$	29,097
​	​	​	​	​	​	​	​	​	​
Additional Cash Payment Information	​		​	​		​	​		​
Interest paid	​	$	6,247	​	$	6,107	​	$	5,115

​

​

​

​	​	​	​	​	​	​	​	​	​
​		2024			2023			2022
​	​	(In Thousands)
​	​	​	​	​	​	​	​	​	​
Statements of Comprehensive Income	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
Net Income	​	$	61,807	​	$	67,800	​	$	75,948
​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss) of subsidiaries	​		(11,881)	​		10,874	​		(86,114)
​	​	​	​	​	​	​	​	​	​
Comprehensive Income (Loss)	​	$	49,926	​	$	78,674	​	$	(10,166)

​

X

- References

No definition available.

+ Details

Name:	srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-11

+ Details

Name:	us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration