8-K - GSBC - Equibles

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 25, 2021

GREAT SOUTHERN BANCORP, INC.

(Exact name of Registrant as specified in its Charter)

Maryland	000-18082	43-1524856
(State or other jurisdiction of<br><br> incorporation)	(Commission File No.)	(IRS Employer Identification<br><br> Number)
1451 East Battlefield, Springfield, Missouri	65804
---	---
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (417) 887-4400

N/A

(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<br> 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. ☐

December 31, 2020

Item 7.01. Regulation FD Disclosure

Set forth below is presentation material of Great Southern Bancorp, Inc., the holding company for Great Southern Bank.

Portfolio Diversification Legacy Loans 12.31.20 $4,280,945 $4,395,595 9.30.20 *Includes Home Equity Loans of $114,689 Includes Home Equity Loans of $114,356 * [in thousands]

Portfolio Diversification Acquired Loans 12.31.20 $102,571 $110,917 9.30.20 Team Bank, Vantus Bank, Sun Security Bank, InterSavings Bank, and Valley*Includes Home Equity Loans of $5,512 Team Bank, Vantus Bank, Sun Security Bank, InterSavings Bank, and Valley*Includes Home Equity Loans of $7,073 * [in thousands]

Portfolio by Region Legacy Loans 12.31.20 $4,280,945 $4,395,595 9.30.20 * [in thousands]

Portfolio by Region Acquired Loans 12.31.20 $102,571 $110,917 9.30.20 * [in thousands] Team Bank, Vantus Bank, Sun Security Bank, InterSavings Bank, and Valley Team Bank, Vantus Bank, Sun Security Bank, InterSavings Bank, and Valley

Commercial Real Estate Legacy Loans 12.31.20 $1,541,242 $1,519,115 9.30.20 * [in thousands]

Commercial Real Estate by Region Legacy Loans 12.31.20 $1,519,115 9.30.20 * [in thousands] $1,541,242

Construction & Land Development Legacy Loans 12.31.20 $564,018 $648,591 9.30.20 * [in thousands]

Construction & Land Development by Region Legacy Loans 12.31.20 $648,591 9.30.20 * [in thousands] $564,018

Multi Family Real Estate by Region Legacy Loans 12.31.20 $999,447 $987,959 9.30.20 * [in thousands] Average credit size is $3,621,184 Average credit size is $3,466,522

Multi Family Real Estate by LTV Legacy Loans 12.31.20 $999,447 $987,959 9.30.20 * [in thousands]

Consumer Auto Loans by RegionExcluding Insured Credit Loans Legacy Loans 12.31.20 $78,941 $90,337 9.30.20 * [in thousands] 33% of the Consumer PortfolioAvg. origination balance $16,535Avg. origination term 5 yearsExpected life 11.90 months Average Primary FICO-696 New autos--1% Used autos--99% Indirect loans-- 58%Direct loans--42% 35% of the Consumer PortfolioAvg. origination balance $16,633Avg. origination term 5 yearsExpected life 12.66 months Average Primary FICO-689 New autos--1% Used autos--99% Indirect loans-- 57%Direct loans--43% (Adjusted to exclude nonperforming and insured credit program loans) (Adjusted to exclude nonperforming and insured credit program loans)

Consumer Insured Credit Loans by Region Legacy Loans 12.31.20 $7,232 $8,865 9.30.20 * [in thousands] 3% of the Consumer PortfolioAvg. origination balance $19,580Avg. origination term 6 yearsExpected life 11.90 months Average Primary FICO-586 New autos-6% Used autos--94% Indirect loans--97%Direct loans--3% 3% of the Consumer PortfolioAvg. origination balance $19,523Avg. origination term 6 yearsExpected life 12.66 months Average Primary FICO-572 New autos-7% Used autos--93% Indirect loans--97%Direct loans--3% (Adjusted to exclude nonperforming loans) (Adjusted to exclude nonperforming loans)

NonPerforming by Type Legacy Loans 12.31.20 $3,043 $3,837 9.30.20 * [in thousands] *Includes Home Equity Loans of $457 *Includes Home Equity Loans of $508

NonPerforming by Region Legacy Loans 12.31.20 $3,043 $3,837 9.30.20 * [in thousands]

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 25, 2021	By:	/s/ Joseph W. Turner
			Joseph W. Turner, President
			and Chief Executive Officer