Great Southern Bancorp Q2 2024 Financials Released

TL;DR

GSBC Q2 2024 10-Q shows $118M common stock, $191M APIC. Solid financials.

AI Summary

Great Southern Bancorp, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position, including common stock with a par value of $0.01 per share. Key figures presented include $118,044,300 in common stock and $191,224,000 in additional paid-in capital as of June 30, 2024.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at Great Southern Bancorp's financial health and performance for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• $118.04M — Common Stock (As of June 30, 2024)
• $191.22M — Additional Paid-In Capital (As of June 30, 2024)
• $76.00M — Prepaid Expense and Other Assets (As of June 30, 2024)

Key Players & Entities

• GREAT SOUTHERN BANCORP, INC. (company) — Filer
• 20240630 (date) — Reporting Period End Date
• 11804430 (dollar_amount) — Common Stock Value
• 191224000 (dollar_amount) — Additional Paid-In Capital Value

FAQ

Key Financial Figures

• $0.01 — h registered Common Stock, par value $0.01 per share GSBC The NASDAQ Stock Mar

Filing Documents

• gsbc-20240630x10q.htm (10-Q) — 6325KB
• gsbc-20240630xex31d1.htm (EX-31.1) — 10KB
• gsbc-20240630xex31d2.htm (EX-31.2) — 10KB
• gsbc-20240630xex32.htm (EX-32) — 6KB
• 0001410578-24-001169.txt ( ) — 26071KB
• gsbc-20240630.xsd (EX-101.SCH) — 99KB
• gsbc-20240630_cal.xml (EX-101.CAL) — 102KB
• gsbc-20240630_def.xml (EX-101.DEF) — 330KB
• gsbc-20240630_lab.xml (EX-101.LAB) — 743KB
• gsbc-20240630_pre.xml (EX-101.PRE) — 551KB
• gsbc-20240630x10q_htm.xml (XML) — 7951KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS. GREAT SOUTHERN BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In Thousands, Except Per Share Data) JUNE 30, DECEMBER 31, 2024 2023 (Unaudited) ASSETS Cash $ 109,639 $ 102,529 Interest-bearing deposits in other financial institutions 76,830 108,804 Cash and cash equivalents 186,469 211,333 Available-for-sale securities 549,084 478,207 Held-to-maturity securities 191,224 195,023 Mortgage loans held for sale 13,116 5,849 Loans receivable, net of allowance for credit losses of $ 65,255 – June 2024; $ 64,670 – December 2023 4,633,628 4,589,620 Interest receivable 22,420 21,206 Prepaid expenses and other assets 144,552 106,225 Other real estate owned and repossessions, net 9,429 23 Premises and equipment, net 134,527 138,591 Goodwill and other intangible assets 10,310 10,527 Federal Home Loan Bank stock and other interest-earning assets 30,052 26,313 Current and deferred income taxes 33,955 29,485 Total Assets $ 5,958,766 $ 5,812,402 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Deposits $ 4,615,295 $ 4,721,708 Securities sold under reverse repurchase agreements with customers 74,155 70,843 Short-term borrowings and other interest-bearing liabilities 476,347 252,610 Subordinated debentures issued to capital trust 25,774 25,774 Subordinated notes 74,727 74,579 Accrued interest payable 9,006 6,225 Advances from borrowers for taxes and insurance 8,240 4,946 Accrued expenses and other liabilities 99,420 76,401 Liability for unfunded commitments 7,010 7,487 Total Liabilities 5,389,974 5,240,573 Stockholders' Equity: Capital stock Serial preferred stock, $ .01 par value; authorized 1,000,000 shares; issued and outstanding June 2024 and December 2023 - - 0 - shares — — Common stock, $ .01 par value; authorized 20,000,000 shares; issued and outstanding June 2024

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 1: BASIS OF PRESENTATION The accompanying unaudited interim consolidated financial statements of Great Southern Bancorp, Inc. (the "Company" or "Great Southern") have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The financial statements presented herein reflect all adjustments which are, in the opinion of management, necessary to fairly present the financial condition, results of operations, changes in stockholders' equity and cash flows of the Company as of the dates and for the periods presented. Those adjustments consist only of normal recurring adjustments. Operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year. The consolidated statement of financial condition of the Company as of December 31, 2023, has been derived from the audited consolidated statement of financial condition of the Company as of that date. Certain information and note disclosures normally included in the Company's annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the "SEC"). Reclassifications Prior period consolidated financial statements are reclassified whenever necessary to conform to the current period presentation. Correction of an Immaterial Error in Prior Period Financial Statements Certain prior period amounts in the Consolidated Statements of Cash Flows have been correcte

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