other material
confidence high
sentiment negative
materiality 0.65
Great Southern Bancorp's non-performing loans surge 81% to $21.3M in Q1 2024
GREAT SOUTHERN BANCORP, INC.
- Total gross loans essentially flat at $4.67B as of March 31, 2024, up $1.8M from December 31, 2023.
- Non-performing loans rose to $21.3M from $11.7M, an increase of $9.5M or 81%.
- Multi-family real estate loans grew 10.4% to $1.04B from $942.1M, reflecting new originations.
- Commercial real estate office ($212.9M, avg loan $1.5M, 41% LTV) and retail ($306.7M, avg $1.7M, ~55% LTV) portfolios remain 100% pass-rated.
- Construction & land development loans decreased slightly to $792.7M from $804.4M.