secwatch.observer — SEC 8-K summary
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Issuer:     GREAT SOUTHERN BANCORP, INC. (GSBC)
CIK:        0000854560
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001104659-24-048315
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Southern Bancorp's non-performing loans surge 81% to $21.3M in Q1 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854560/000110465924048315/0001104659-24-048315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854560/000110465924048315/tm2411874d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-048315

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