GREAT SOUTHERN BANCORP, INC. GSBC Income Statement

Great southern bancorp, inc. (GSBC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME
Loans
54,130	55,494	57,226	55,771	54,556	53,779	51,063	48,219	45,165	44,920	44,824	43,166	43,744	45,422	45,335	44,078	44,048	43,241	44,103	43,947	45,949	46,901	44,948	41,412	39,308	41,676	40,087	39,362	42,778	45,592	44,606	42,068	37,897	43,588	43,286	42,243	42,084	35,000	32,553
Investment securities and other
3,344	3,232	2,961	2,952	2,802	2,363	1,919	1,724	1,717	1,616	1,544	1,578	1,669	1,515	1,521	1,558	1,698	1,715	1,652	1,787	1,957	2,176	2,659	2,972	2,986	3,263	2,932	4,119	4,578	4,859	5,553	6,153	6,780	6,930	6,679	6,901	6,956	6,535	7,059
TOTAL INTEREST INCOME
57,474	58,726	60,187	58,723	57,358	56,142	52,982	49,943	46,882	46,536	46,368	44,744	45,413	46,937	46,856	45,636	45,746	44,956	45,755	45,734	47,906	49,077	47,607	44,384	42,294	44,939	43,019	43,481	47,356	50,451	50,159	48,221	44,677	50,518	49,965	49,144	49,040	41,535	39,612
INTEREST EXPENSE
Deposits
10,577	58,474	-11,792	-11,582	10,470	35,848	-7,352	-6,123	5,584	5,496	5,131	5,004	4,964	4,909	4,423	4,121	3,934	3,716	3,500	3,133	3,162	2,929	2,884	2,752	2,660	2,734	2,822	3,263	3,527	4,058	5,092	5,786	5,784	6,103	6,120	6,661	7,486	9,037	10,140
Federal Home Loan Bank advances
-	-	0	0	-	5,738	-1,192	-1,166	605	471	546	244	255	260	259	257	438	376	468	416	447	464	461	1,010	975	1,004	1,005	989	974	1,001	1,023	1,132	1,274	1,322	1,319	1,304	1,297	1,373	1,407
Short-term borrowings and repurchase agreements
649	4,695	-1,123	-859	922	1,094	-177	-180	28	85	118	318	226	200	450	406	81	14	14	16	21	17	13	512	557	566	587	588	583	617	634	672	687	716	746	747	756	777	799
Subordinated debentures issued to capital trust
216	1,272	-253	-267	267	1,241	-252	-238	202	188	267	252	242	230	209	190	174	-	248	-	-	149	143	139	136	140	141	140	140	149	155	154	159	149	140	140	140	154	142
Subordinated notes
1,094	5,473	-1,095	-1,094	1,094	5,120	-1,024	-1,024	1,025	1,023	1,025	1,025	1,025	-	487	-	-	-	-	160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL INTEREST EXPENSE
12,536	69,914	-14,263	-13,802	12,753	49,041	-9,997	-8,731	7,444	7,263	7,087	6,843	6,712	6,690	5,828	4,974	4,627	4,261	4,230	3,725	3,781	3,559	3,501	4,413	4,328	4,444	4,555	4,980	5,224	5,825	6,904	7,744	7,904	8,290	8,325	8,852	9,679	11,341	12,488
NET INTEREST INCOME
44,938	44,942	45,924	44,921	44,605	44,557	42,985	41,212	39,438	39,273	39,281	37,901	38,701	40,247	41,028	40,662	41,119	40,695	41,525	42,009	44,125	45,518	44,106	39,971	37,966	40,495	38,464	38,501	42,132	44,626	43,255	40,477	36,773	42,228	41,640	40,292	39,361	30,194	27,124
PROVISION FOR LOAN LOSSES
-3,871	11,650	-1,950	-1,600	-1,950	8,450	-1,300	-1,950	1,950	1,950	2,950	1,950	2,250	2,380	2,500	2,300	2,101	1,216	1,703	1,300	1,300	53	945	1,462	1,691	2,813	2,677	3,671	8,225	7,786	8,400	17,600	10,077	10,205	8,500	8,431	8,200	10,800	12,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
41,067	44,292	43,974	43,321	42,655	42,607	41,685	39,262	37,488	37,323	36,331	35,951	36,451	37,867	38,528	38,362	39,018	39,479	39,822	40,709	42,825	-	43,161	-	-	37,682	35,787	34,830	33,907	-	34,855	22,877	-	-	-	-	-	-	-
NON-INTEREST INCOME
Commissions
266	219	173	163	334	268	309	312	248	190	279	306	266	334	245	215	303	156	400	299	281	254	284	344	281	229	158	350	328	268	231	263	274	-6,030	2,003	2,486	2,437	1,917	2,344
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,509	36,275	-	-	34,830	-	-	-	-	26,696	-	33,140	31,861	31,161	19,394	15,124
Net gains on loan sales
590	962	1,021	376	248	350	417	559	462	807	719	752	872	880	1,217	1,012	832	810	1,079	1,059	940	1,433	1,543	608	549	679	1,179	1,628	1,429	1,854	1,404	1,097	1,150	-	743	-	907	1,155	-755
Net realized gains (losses) on sales of available-for-sale securities
-	-	-	-	-	-	-	-	0	-	-	-	-	-9	144	2,735	3	-	2	-	-	1,176	321	569	73	-	-	97	34	-	-	1,251	28	-	483	-400	-	5,441	3,465
Net realized gains on sales of available-for-sale securities
0	-	0	0	10	-	2	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Late charges and fees on loans
355	366	364	356	346	382	466	385	389	309	436	608	878	433	435	302	577	647	371	762	349	573	248	265	314	479	284	201	300	422	195	238	173	180	187	162	122	170	237
Loss on derivative interest rate products
-407	66	-101	-44	-25	-28	5	11	37	33	8	-20	7	-	58	-	-162	69	-133	113	-92	-122	10	-130	-103	12	-125	347	61	-	-104	-117	-96	-	-	-	-	-	-
Service charges and ATM fees
-	-	5,619	5,309	-	5,505	5,458	5,488	5,244	5,433	5,533	5,394	5,268	5,465	5,548	5,374	5,279	5,009	5,162	5,026	4,644	5,011	5,168	4,728	4,168	4,427	4,729	4,644	4,427	4,814	4,900	4,881	4,492	4,793	4,734	4,473	4,063	4,689	5,061
Gain Realized on Termination of Loss Sharing Agreements
-	-	-	-	-	-	-	-	-	-	-	7,704	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-interest income net realized gains on sales of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	702	-	-	-
Gain on derivative interest rate products
-407	-	-101	-44	-25	-	5	11	37	-	8	-20	7	-	58	-75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of business units
-	-	0	-	-	-	7,414	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
1,805	1,142	1,579	997	1,579	743	533	704	555	602	680	1,052	896	1,031	658	931	1,435	1,335	1,565	1,356	717	-	-	652	2,030	-	-	754	-	-	-	-	1,622	-	554	714	-	464	612
Initial gain recognized on business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,805	-	-	-	-	-	-	-	31,312	-	-	-	-	-	-	-
Amortization of Income Expense Related to Business Acquisitions
-	-	-	-	-	-	-	-	-	-	-1	4	-489	-	-1,215	-1,578	-3,293	-2,966	-3,326	-5,158	-6,895	-7,807	-6,463	-7,210	-6,388	-7,359	-6,339	-5,694	-5,868	-	-5,959	-4,440	-1,748	-	-9,911	-10,296	-9,754	-1,604	1,665
Other non-interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	667	-	-	-	933	-	2,213	-	911	1,363	-	-	-	-	453	-	-
TOTAL NON-INTEREST INCOME
7,367	7,695	8,655	7,157	7,450	7,220	14,604	7,459	6,935	7,374	7,655	15,800	7,698	7,530	7,090	8,916	4,974	5,060	5,120	3,457	-56	1,398	1,778	10,631	924	-865	929	2,327	2,924	1,982	2,085	35,848	6,087	9,269	-1,207	-2,159	-1,772	12,232	14,139
NON-INTEREST EXPENSE
Salaries and employee benefits
-18,169	110,119	-15,827	-15,428	-15,640	75,701	-15,162	-14,947	14,623	15,539	14,664	14,498	15,333	14,706	15,062	15,246	15,363	14,421	15,078	14,606	14,577	14,661	14,884	13,470	13,017	13,134	13,034	13,078	13,222	12,420	13,013	13,292	12,537	8,564	11,760	11,709	11,573	11,202	11,167
Net occupancy and equipment expense
6,766	32,878	-6,613	-6,449	6,401	32,093	-6,551	-6,298	6,384	6,193	6,079	6,025	6,316	6,521	6,335	6,379	6,842	6,270	7,546	6,115	6,054	6,756	6,172	5,210	5,403	5,207	5,216	5,100	5,135	4,945	5,556	4,976	4,702	3,914	3,977	3,639	3,690	3,435	3,382
Postage
769	4,007	-792	-784	767	4,159	-843	-834	866	809	845	874	933	910	923	957	1,001	945	1,042	912	888	1,006	935	844	793	861	790	871	793	828	845	820	808	811	719	811	755	827	835
Insurance
382	2,350	-339	-662	666	3,336	-682	-650	670	659	755	747	798	538	961	1,031	952	894	837	856	979	1,018	940	953	926	984	1,083	957	1,165	1,155	1,143	1,081	1,097	307	1,589	1,498	1,446	1,036	1,120
Advertising
620	3,917	-794	-842	527	3,010	-589	-632	671	655	587	656	413	462	803	522	441	590	545	750	432	713	522	438	731	566	433	691	475	357	449	431	335	267	366	408	275	508	580
Office supplies and printing
235	1,302	-258	-226	259	1,370	-255	-301	233	237	279	233	697	273	575	395	465	289	328	378	338	414	393	367	290	353	320	323	307	329	340	340	380	348	288	354	278	357	360
Telephone
912	4,420	-904	-839	903	4,172	-827	-792	719	799	790	789	810	834	823	904	922	897	806	767	765	754	695	681	736	699	679	803	687	680	684	691	713	492	640	513	625	633	566
Legal, audit and other professional fees
598	3,223	-681	-630	712	4,178	-875	-689	809	871	610	1,061	320	791	748	811	841	839	586	664	624	726	1,389	908	934	1,412	1,186	948	802	957	946	1,560	860	1,335	983	723	762	677	626
Expense on other real estate and repossessions
-	-	-603	-419	-	7,013	-498	-2,737	1,141	1,334	1,343	677	575	1,028	1,298	874	911	1,207	616	318	385	2,462	982	1,342	850	590	1,068	1,355	1,055	4,545	2,536	1,228	439	9,942	848	627	429	2,253	416
Partnership tax credit investment amortization
-	-	-91	-91	-	455	-91	-91	302	218	217	217	278	421	420	420	420	420	420	420	420	420	420	427	453	-465	1,578	632	363	-1,974	1,463	1,171	1,165	-	-	-	-	-	-
Acquired deposit intangible asset amortization
-	-	-289	-289	-	1,974	-412	-412	412	414	412	412	412	413	464	490	543	-	437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
1,596	8,330	-1,534	-1,724	1,584	7,761	-1,524	-1,532	1,482	1,555	1,453	2,182	1,688	2,146	2,245	1,778	2,219	1,060	1,773	2,163	1,780	719	2,066	9,759	1,761	2,467	1,791	1,954	1,916	2,068	2,177	2,567	1,948	748	1,847	1,855	1,776	1,674	1,756
TOTAL NON-INTEREST EXPENSE
30,815	143,751	-28,725	-28,383	28,495	145,222	-28,309	-29,915	28,312	29,283	28,034	28,371	28,573	29,043	30,657	29,807	30,920	29,145	30,014	27,949	27,242	31,168	29,398	34,399	25,894	25,808	27,178	26,712	25,920	26,310	29,152	28,157	24,984	30,713	23,017	22,137	21,609	22,602	20,808
INCOME BEFORE INCOME TAXES
17,619	22,452	23,904	22,095	21,610	21,053	27,980	16,806	16,111	15,414	15,952	23,380	15,576	16,354	14,961	17,471	13,072	15,394	14,928	16,217	15,527	15,695	15,541	14,741	11,305	11,009	9,538	10,445	10,911	12,512	7,788	30,568	7,799	10,579	8,916	7,565	7,780	9,024	8,455
PROVISION FOR INCOME TAXES
-2,751	28,339	-4,172	-3,720	-3,998	20,627	-5,464	-2,967	2,645	3,207	4,289	7,204	4,058	4,560	3,740	4,937	3,279	3,744	3,732	4,214	3,874	3,628	3,951	3,687	2,487	2,337	1,099	2,221	2,517	4,134	746	9,039	661	-842	2,463	1,675	1,887	2,862	2,631
Net Income from Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,439	-	-	8,378	7,042	21,529	7,138	-	-	-	-	-	-
Discontinued Operations
Income from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,071	62	127	359	-	-	-	-	-	-
NET INCOME AND NET INCOME AVAILABLE TO COMMON STOCKHOLDERS
14,868	-	19,732	18,375	17,612	-	22,516	13,839	13,466	-	11,663	16,176	11,518	-	11,221	-	-	11,650	11,196	12,003	11,653	12,067	11,590	11,054	8,818	8,672	8,439	8,224	8,394	12,449	7,104	21,656	7,497	12,033	6,453	5,890	5,893	6,162	5,824
Preferred Stock Dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	145	145	145	144	145	145	145	144	145	145	145	170	150	144	144	373	798	782	845	857	848
Non-cash deemed preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,212	-	-	-	-
Net Income and Net Income Available to Common Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,534	9,793	11,531	11,051	11,858	11,508	23,356	11	10,909	8,673	8,528	8,294	8,079	8,249	12,279	6,954	21,512	7,353	11,660	4,443	5,108	5,048	5,305	4,976
Earnings Per Common Share
Basic Earnings Per Common Share
1.05	1.26	1.39	1.29	1.24	1.23	1.59	0.98	0.95	0.87	0.83	1.15	0.82	0.84	0.81	0.90	0.71	0.83	0.80	0.86	0.84	0.87	0.84	0.80	0.63	0.62	0.61	0.59	0.61	0.91	0.51	1.59	0.54	0.86	0.33	0.38	0.38	0.39	0.37
Diluted Earnings Per Common Share
1.04	1.25	1.38	1.28	1.23	1.22	1.57	0.97	0.95	0.87	0.82	1.14	0.81	0.82	0.80	0.89	0.70	0.81	0.79	0.85	0.83	0.85	0.83	0.79	0.63	0.62	0.61	0.59	0.60	0.91	0.51	1.58	0.54	0.87	0.33	0.37	0.36	0.38	0.35
Dividends Declared Per Common Share
1.34	-	0.34	0.32	1.07	-	0.32	0.28	0.28	-	0.24	0.24	0.22	-	0.22	0.22	0.22	-	0.22	0.22	0.20	-	0.20	0.20	0.20	-	0.18	0.18	0.18	-	0.18	0.18	0.18	-	0.18	0.18	0.18	0.18	0.18
Earnings from Continuing Operations Per Common Share
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.61	-	-	0.61	0.50	1.58	0.52	-	-	-	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.61	-	-	0.61	0.50	1.57	0.52	-	-	-	-	-	-