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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): January 22, 2024
GREAT
SOUTHERN BANCORP, INC.
(Exact name of registrant as specified in
its charter)
Maryland |
|
0-18082 |
|
43-1524856 |
(State
or other jurisdiction of incorporation) |
|
(Commission File Number) |
|
(IRS
Employer Identification No.) |
1451
East Battlefield, Springfield,
Missouri |
|
|
|
65804 |
(Address of principal executive offices) |
|
|
|
(Zip Code) |
Registrant's telephone number,
including area code: (417)
887-4400
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
| |
¨ | Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
| |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Common Stock, par value $0.01 per share |
GSBC |
The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. |
¨ |
Item 7.01 Regulation FD Disclosure.
Set forth below is presentation material of Great
Southern Bancorp, Inc., the holding company for Great Southern Bank.
December 31, 2023 1
Loan Portfolio Gross Loans [in thousands] *Includes Home Equity Loans of $115,883 2 *Includes Home Equity Loans of $111,665 12 - 31 - 23 $4,667,197 9 - 30 - 23 $4,642,919
Loan Portfolio by Region Gross Loans [in thousands] 3 12 - 31 - 23 $4,667,197 9 - 30 - 23 $4,642,919
Commercial Real Estate by Industry Gross Loans [in thousands] 4 12 - 31 - 23 $1,521,032 9 - 30 - 23 $1,503,915
Commercial Real Estate by Region Gross Loans [in thousands] 5 12 - 31 - 23 $1,521,032 9 - 30 - 23 $1,503,915
Commercial Real Estate Office and Retail All Data as of 12/31/23 Gross Loans [in thousands] 6 Office $214,937 Retail $313,853 Average credit size is $1,503,053 Average credit size is $1,743,629
Commercial Real Estate Office and Retail All Data as of 12/31/23 Gross Loans [in thousands] 7 Office - $214,937 Retail - $313,853 Medical Traditional Outstanding Balance $40,024 $174,913 # of Loans 22 117 Avg. Loan Size $1,740 $1,458 Weighted Avg. LTV 43% 96% of Office Portfolio – Pass Rated Strip Center Single Tenant Mixed - Use Neighborhood & Shopping Center Outstanding Balance $112,626 $116,600 $18,743 $65,884 # of Loans 51 98 17 14 Avg. Loan Size $2,208 $1,190 $1,102 $4,706 Weighted Avg. LTV 60% 55% 59% 53% 100% of Retail Portfolio – Pass Rated Owner Occupied $20,911 # of Loans 57 Avg. Loan Size $354 Weighted Avg. LTV 51% Other Office Sq. Ft. >100,000 $87,162 20,000 - 100,000 $38,234 <20,000 $28,606 # of Loans 60 Avg. Loan Size $2,525 Weighted Avg. LTV 54%
Construction & Land Development by Industry Gross Loans [in thousands] 8 12 - 31 - 23 $804,409 9 - 30 - 23 $861,246
Construction & Land Development by Region Gross Loans [in thousands] 9 12 - 31 - 23 $804,409 9 - 30 - 23 $861,246
Multi Family Real Estate by Region Gross Loans [in thousands] 10 12 - 31 - 23 $942,071 9 - 30 - 23 $845,373 Average credit size is $4,301,694 Average credit size is $4,362,154
Multi Family Real Estate by LTV Gross Loans [in thousands] 11 12 - 31 - 23 $942,071 9 - 30 - 23 $845,373
Non - performing by Type Gross Loans [in thousands] 12 12 - 31 - 23 $11,748 9 - 30 - 23 $10,831 *Includes Home Equity Loans of $9 *Includes Home Equity Loans of $32
Non - performing by Region Gross Loans [in thousands] 13 12 - 31 - 23 $11,748 9 - 30 - 23 $10,831
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
GREAT SOUTHERN BANCORP, INC. |
|
|
Date: January 22, 2024 |
By: |
/s/ Joseph W. Turner |
|
|
Joseph W. Turner, President and Chief Executive Officer |
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