8-K: Great Southern Bancorp, Inc. Provides Detailed Loan Portfolio Breakdown as of December 31, 2024

Great Southern Bancorp, Inc. released a detailed breakdown of its loan portfolio as of December 31, 2024, showcasing its diverse holdings across various sectors and regions.

Summary

• Great Southern Bancorp, Inc. has disclosed its loan portfolio composition as of December 31, 2024.
• The total gross loan portfolio stands at $4,768,785,000.
• The portfolio includes $169,528,000 in consumer loans, $840,284,000 in single-family real estate, $1,549,249,000 in multifamily real estate, $1,543,742,000 in commercial real estate, $445,691,000 in construction and land development, and $220,291,000 in commercial business loans.
• The commercial real estate portfolio is further broken down by industry, with retail at $308,793,000, healthcare at $268,038,000, and motels/hotels at $260,137,000.
• The company's loan portfolio is spread across various regions, with significant exposure in St. Louis ($781,370,000) and Kansas City ($224,649,000).
• Non-performing loans totaled $3,573,000, with the majority in single-family real estate ($2,631,000).

Sentiment

Score: 7

Explanation: The document provides a detailed overview of the loan portfolio, which is generally positive. The low non-performing loan rate is also a positive sign. However, the lack of trend data and other financial metrics limits the overall positive sentiment.

Positives

• The loan portfolio is well-diversified across various sectors, including consumer, single-family, multifamily, commercial real estate, construction, and commercial business.
• The company has a broad geographic reach, with loans spread across multiple states and regions.
• The non-performing loan rate is low, indicating good credit quality within the portfolio.

Negatives

• The document does not provide information on loan growth or changes in the portfolio over time, making it difficult to assess performance trends.
• The document does not provide information on the interest rates or yields on the loans, making it difficult to assess the profitability of the portfolio.
• The document does not provide information on the loan loss reserves, making it difficult to assess the company's ability to absorb potential losses.

Risks

• The concentration of loans in commercial real estate, particularly in retail, healthcare, and motels/hotels, could pose a risk if these sectors experience economic downturns.
• The geographic concentration in certain regions, such as St. Louis, could expose the company to regional economic risks.
• The document does not provide information on the loan loss reserves, making it difficult to assess the company's ability to absorb potential losses.

Industry Context

This report provides a snapshot of Great Southern Bancorp's loan portfolio, which is typical for a regional bank. The breakdown by sector and region is useful for understanding the bank's risk profile and exposure to different markets. The data is consistent with the type of information that would be expected from a bank of this size.

Comparison to Industry Standards

• The loan portfolio composition is typical for a regional bank, with a mix of commercial real estate, multifamily, and consumer loans.
• The non-performing loan rate of $3,573,000 against a total portfolio of $4,768,785,000 appears to be low, suggesting good credit quality compared to industry averages.
• Comparable regional banks such as Commerce Bancshares and UMB Financial Corporation also have significant commercial real estate exposure, but the specific industry and geographic concentrations may vary.
• The average credit size for multifamily real estate loans is $6,246,971, which is a significant amount and should be compared to other banks with similar portfolios.

Stakeholder Impact

• Shareholders can use this information to assess the risk profile of the bank's loan portfolio.
• Creditors can use this information to assess the creditworthiness of the bank.
• Employees can use this information to understand the bank's business activities.

Key Dates

Keywords

loan portfolio, commercial real estate, multifamily real estate, non-performing loans, regional banking, construction loans, real estate loans, consumer loans