Great Southern Bancorp, Inc. · NASDAQ:GSBC
Great Southern Bancorp — Merger or Acquisition (June 2014)
9 slides from Great Southern Bancorp's merger presentation, Jun 23, 2014
Slide 1: FDIC-assisted Acquisition of Valley Bank — Moline, Illinois
= GREAT SOUTHERN BANK FDIC-assisted Acquisition of Valley Bank — Moline, Illinois June 20, 2014
Slide 2: Forward-Looking Statements
Forward-Looking Statements ‘When used in documents filed or furnished by the Company with the Securities and Exchange Commission (the "SEC"), inthe Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer
Slide 3: Valley Bank
Valley Bank ¢ Established in 1911 ¢ Headquartered in Moline, IL; majority of operation in lowa * 13 offices: Quad Cities — 6; Central lowa/Des Moines area - 7 MN site y Bank®
Slide 4: Pro-forma Illinois/Iowa/Nebraska Footprint
Pro-forma Illinois/lowa/Nebraska Footprint @ Lemans °@ sioux cy SOUTH SIOUX CITY @ onawa FORT CALHOUN @y OMAHA @ seuewe @ NEBRASKA @ Valley Bank Great Southern Bank “Johnston Banking Center wil lose in September AMES e ANKENY sng 9 SS ron ges e i oavenrorr @ west azaswt® an e DES MOINES MOLINE @ @os
Slide 5: Transaction Overview
Transaction Overview On June 20, 2014, Great Southern Bank entered into a purchase and assumption agreement with the FDIC to acquire certain loans and other assets and assume all of the deposits of Valley Bank. Deposits — assumed approx. $356 million at no premium * Loans — purchased approx. $211 mi
Slide 6: Strategic Acquisition
Strategic Acquisition Fi nan fel] a | ly + Expected annual increase in earnings of $.25 to $.35 per share* * Accretive immediately, fully realized starting in first quarter 2015 + Anticipate small bargain purchase gain; approx. 1 to 2% of assets Attractive (estes St ta teg | Cc * Fills in footprint
Slide 7: Pro Forma Bank Capital
Pro Forma Bank Capital Pro Forma including Valley acquisition (1) Tier 1 Leverage 9.06% Tier 1 Risk-Based 12.62% Total Risk-Based 13.87% (1) March 31, 2014 Call Report data
Slide 8: Valley Bank Deposits by Type
Valley Bank Deposits by Type at 03/14/14 Total of $356,573 (000’s) NOW $19,004 5% * Includes $87.4 of Internet CDs 8
Slide 9: Valley Bank Purchased Loan Portfolio
Valley Bank Purchased Loan Portfolio at 04/14/14 Total of $212,400 (000’s) Agriculture $2,326 1% 1-4 Family Consumer & $53,081 Other 25% $5,587 3% Commercial Business $44,575 21% Construction & Land $36,414 17% Commercial Real Estate $70,417 33%
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