Sign in

GSBC on Nasdaq

GREAT SOUTHERN BANCORP, INC.

GREAT SOUTHERN BANCORP, INC. is an American state commercial bank based in Springfield, incorporated in Maryland.2 Its shares trade on Nasdaq under the symbol GSBC.2

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerGSBC on Nasdaq2
  • IndustryState Commercial Banks2
  • HeadquartersSpringfield, United States2
  • Incorporated inMD3
  • Business address218 S Glenstone Ave, Springfield, Mo 658023
  • Filer categoryAccelerated filer3
  • Legal formStock Corporation2
  • LEI5493000ZL7DLNMN1AB262
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address2405 YORK ROAD, 21093-2264 Lutherville Timonium, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D078700822

See how the biggest companies compare on our leaderboards

Great Southern Bancorp, Inc. (“Bancorp” or “Company”) is a bank holding company, a financial holding company and the parent of Great Southern Bank (“Great Southern” or the “Bank”). Bancorp was incorporated under the laws of the State of Delaware in July 1989 as a unitary savings and loan holding company. The Company became a one-bank holding company on June 30, 1998, upon the conversion of Great Southern to a Missouri-chartered trust company. In 2004, Bancorp was re-incorporated under the laws of the State of Maryland.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income678910$71.0M in 2025−4% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $73.6M$73.6M20192020: $59.3M$59.3M2020−19%2021: $74.6M$74.6M2021+26%2022: $75.9M$75.9M2022+2%2023: $67.8M$67.8M2023−11%2024: $61.8M$61.8M2024−9%2025: $71.0M$71.0M2025+15%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Loans$285.5M$297.2M$272.0M
Investment securities and other$28.3M$27.5M$24.9M
Total Interest Income$313.7M$324.7M$296.8M
Deposits$94.1M$109.7M$88.8M
Securities sold under reverse repurchase agreements$1.2M$1.4M$1.2M
Short-term borrowings, overnight FHLBank borrowings and other interest-bearing liabilities$14.6M$18.2M$7.5M
Subordinated debentures issued to capital trust$1.5M$1.8M$1.7M
Subordinated notes$2.0M$4.4M$4.4M
Total Interest Expense$113.5M$135.6M$103.6M
Net Interest Income$200.2M$189.1M$193.2M
Provision for Credit Losses on Loans$1.7M$2.2M
Provision (Credit) for Unfunded Commitments$45.0K$1.0M-$5.3M
Net Interest Income After Provision for Credit Losses and Provision (Credit) for Unfunded Commitments$200.2M$186.4M$196.3M
Commissions$1.6M$1.2M$1.2M
Overdraft and insufficient funds fees$5.2M$5.1M$7.6M
Point-of-sale and ATM fee income and service charges$13.2M$13.6M$14.3M
Net gain on loan sales$3.3M$3.8M$2.4M
Late charges and fees on loans$1.2M$512.0K$786.0K
Loss on derivative interest rate products-$62.0K-$58.0K-$337.0K
Other income$4.6M$6.4M$4.2M
Total Non-interest Income$29.1M$30.6M$30.1M
Salaries and employee benefits$80.0M$78.6M$78.5M
Net occupancy and equipment expense$35.3M$32.1M$30.8M
Postage$3.6M$3.3M$3.6M
Insurance$4.4M$4.6M$4.5M
Advertising$2.9M$3.1M$3.4M
Office supplies and printing$953.0K$1.0M$1.1M
Telephone$2.8M$2.8M$2.7M
Legal, audit and other professional fees$4.2M$5.4M$7.1M
Expense (income) on other real estate and repossessions-$518.0K-$304.0K$311.0K
Acquired intangible asset amortization$434.0K$433.0K$286.0K
Other operating expenses$7.9M$10.4M$8.7M
Total Non-interest Expense$141.9M$141.5M$141.0M
Income Before Income Taxes$87.3M$75.5M$85.3M
Provision for Income Taxes$16.3M$13.7M$17.5M
Net Income$71.0M$61.8M$67.8M
Basic Earnings Per Common Share (in dollars per share)$6.23$5.28$5.65
Diluted Earnings Per Common Share (in dollars per share)$6.19$5.26$5.61

Compare GREAT SOUTHERN BANCORP, INC. with another company

Corporate structure

GREAT SOUTHERN BANCORP, INC. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GREAT SOUTHERN BANCORP, INC.

  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on GREAT SOUTHERN BANCORP, INC., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • BlackRock Filed SC 13G/A on GREAT SOUTHERN BANCORP, INC., latest Jan 26, 2024 (3 filings since Feb 1, 2022)
  • GREAT SOUTHERN BANCORP, INC. Springfield, Missouri, United States
    • Great Southern Bank Subsidiary · Reeds Spring, Missouri, United States
    • Great Southern Community Development Company, L.L.C. Subsidiary · Missouri, United States
    • GSB One, L.L.C. Subsidiary · Missouri, United States
    • GSRE Holding, L.L.C. Subsidiary · Missouri, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GREAT SOUTHERN BANCORP, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$40.2M10 Dec 31, 2025$39.3M10 Dec 31, 2024+2.3%
Furniture and fixtures$72.1M10 Dec 31, 2025$69.9M10 Dec 31, 2024+3.2%
Operating-lease assets (leased space)$4.2M10 Dec 31, 2025$6.4M10 Dec 31, 2024−34.9%

Real estate and locations

ItemLatestA year beforeChange
Real estate properties010 Dec 31, 2025010 Dec 31, 2024

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$189.6M10 Dec 31, 2025$195.8M10 Dec 31, 2024−3.2%
Debt securities available for sale$523.8M10 Dec 31, 2025$533.4M10 Dec 31, 2024−1.8%
Debt securities held to maturity$179.7M10 Dec 31, 2025$187.7M10 Dec 31, 2024−4.3%
Deposits held (banks)$4.5B10 Dec 31, 2025$4.6B10 Dec 31, 2024−2.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.7M10 Dec 31, 2025$10.1M10 Dec 31, 2024−4.3%

Properties, in its own words

The Company’s corporate offices and operations center are located in Springfield, Missouri. At December 31, 2025, the Company operated 89 retail banking centers and over 200 automated teller machines (“ATMs”) in Missouri, Iowa, Minnesota, Kansas, Nebraska and Arkansas. Of the 89 banking centers, the Company owns 85 of its locations and four were leased for various terms. The majority of our banking center locations are in southwest and central Missouri, including the Springfield, Missouri metropolitan area, with additional concentrations in the Sioux City, Iowa; Des Moines, Iowa; Quad Cities, Iowa; Minneapolis; St. Louis and Kansas City, Missouri metropolitan areas. The ATMs are located at various banking centers and primarily convenience stores and retail centers throughout southwest and central Missouri. At December 31, 2025, the Company also operated seven commercial loan production offices and one mortgage loan production office. The Company owns one of its loan production office locations and seven locations are leased. All buildings that are owned are owned free of encumbrances or mortgages. In the opinion of management, the Company’s facilities are adequate and suitable for the Company’s needs. The aggregate net book value of the Company’s premises and equipment was $133.3 million and $132.5 million at December 31, 2025 and 2024, respectively. See also Note 5 of the accompanying audited financial statements, which are included in Item 8 of this Report.

In January 2026, the Company consolidated operations of its leased Edina, Minn., banking center, located at 3400 W. 66th St., in Edina, Minn., with its banking center at 10880 175th Court in Lakeville, Minn. In the first half of 2026, the Company expects to transition its banking center located at 4700 Mid Rivers Mall Dr. in Cottleville, Mo., to its second drive-thru Express Center location. See “Business Initiatives” section for further discussion of the Company’s banking center changes.

Item 2 of the 10-K filed Mar 6, 2026.5

Leadership

Who has led GREAT SOUTHERN BANCORP, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph W. Turner2006–now

President

  1. Joseph W. Turner2006–now
2010201520202025
Board members and other officers (13)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • GSB One, L.L.C. Missouri4
  • GSRE Holding, L.L.C. Missouri4
  • Great Southern Bancorp, Inc. Missouri4
  • Great Southern Bank Missouri4
  • Great Southern Community Development Company, L.L.C. Missouri4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • GREAT SOUTHERN BANCORP INCNov 14, 1996 to Aug 17, 20173

Timeline

  1. Sep 16, 20268-K Other events27
  2. Jul 16, 20268-K Results of operations28
  3. Jun 17, 20268-K Other events29
  4. May 15, 20268-K Executive or director change; Shareholder vote30
  5. Apr 16, 20268-K Results of operations31
  6. Mar 18, 20268-K Other events32
  7. Feb 17, 20268-K Other events33
  8. Jan 22, 20268-K Results of operations; Regulation FD disclosure34
  9. Dec 17, 20258-K Other events35
  10. Oct 16, 20258-K Results of operations; Regulation FD disclosure36
  11. Sep 17, 20258-K Other events37
  12. Jul 17, 20258-K Results of operations; Regulation FD disclosure38
  13. Feb 23, 2006New chief executive Joseph W. Turner becomes CEO14
  14. Mar 28, 2004Founded GREAT SOUTHERN BANCORP, INC. is founded2

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.56 a share, on Oct 15, 2025.39

When it reported results

  1. Jul 16, 2026Reported quarterly or annual results28
  2. Apr 16, 2026Reported quarterly or annual results31
  3. Jan 22, 2026Reported quarterly or annual results34
  4. Oct 16, 2025Reported quarterly or annual results36
  5. Jul 17, 2025Reported quarterly or annual results38
  6. Apr 17, 2025Reported quarterly or annual results40
  7. Jan 22, 2025Reported quarterly or annual results41
  8. Oct 17, 2024Reported quarterly or annual results42

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

356 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 71 major events, 213 insider forms, 6 large holders, 46 other. The latest 20:

  1. Sep 16, 20268-K EDGAR
  2. Sep 4, 2026144 EDGAR
  3. Aug 20, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 11, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 11, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 11, 20264 PRIMARY DOCUMENT EDGAR
  10. Aug 7, 202610-Q EDGAR
  11. Jul 27, 20264 PRIMARY DOCUMENT EDGAR
  12. Jul 16, 20268-K EDGAR
  13. Jun 17, 20268-K EDGAR
  14. Jun 12, 2026S-8 EDGAR
  15. May 26, 2026144 EDGAR
  16. May 26, 20264 PRIMARY DOCUMENT EDGAR
  17. May 20, 20264 PRIMARY DOCUMENT EDGAR
  18. May 19, 20264 PRIMARY DOCUMENT EDGAR
  19. May 18, 2026144 EDGAR
  20. May 15, 20268-K EDGAR

The 356 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

54 open-market trades by officers, directors and large owners since October 2021: 2 buys and 52 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 17, 2026BROWN JULIE ADirectorSale851$81.00$68.9KForm 4
May 26, 2026STEINERT EARL A JRDirectorSale4,500$71.62$322.3KForm 4
May 18, 2026TURNER WILLIAM VDirectorSale6,000$68.35$410.1KForm 4
May 6, 2026Baker Kevin LSale2,800$69.96$195.9KForm 4
May 1, 2026Maples Mark ASale2,387$68.96$164.6KForm 4
May 1, 2026COPELAND REX ATreasurerSale914$68.77$62.9KForm 4
Apr 30, 2026COPELAND REX ATreasurerSale2,036$68.25$139.0KForm 4
Apr 30, 2026TURNER JOSEPH WPresident/CEOSale6,000$68.16$409.0KForm 4
Apr 20, 2026Bugh John MSale2,500$67.59$169.0KForm 4
Feb 6, 2026COPELAND REX ATreasurerSale1,797$63.67$114.4KForm 4
Feb 4, 2026STEINERT EARL A JRDirectorSale1,500$63.49$95.2KForm 4
Feb 3, 2026CARLSON THOMAS JDirectorSale680$63.17$43.0KForm 4
Jan 28, 2026CARLSON THOMAS JDirectorSale2,000$59.89$119.8KForm 4
Jan 28, 2026TURNER WILLIAM VDirectorSale6,000$59.70$358.2KForm 4
Jan 26, 2026TURNER JOSEPH WPresident/CEOSale6,000$60.74$364.4KForm 4
Nov 25, 2025Maples Mark ASale1,450$59.93$86.9KForm 4
Nov 10, 2025Bugh John MSale1,750$57.72$101.0KForm 4
Feb 6, 2025Baker Kevin LSale5,000$60.02$300.1KForm 4
Nov 27, 2024Maples Mark ASale2,600$63.42$164.9KForm 4
Nov 19, 2024BROWN JULIE ADirectorSale2,500$61.05$152.6KForm 4

All 54 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Joseph W. Turner$518.1K$1.8M45
2025Rex A. Copeland$509.8K$764.2K45
2025Kevin L. Baker$509.1K$702.2K45
2025John M. Bugh$507.8K$649.0K45
2025William V. Turner$257.1K$629.4K45
2024Chief Executive$504.6K$1.6M45
2024Treasurer of Bancorp$492.7K$667.2K45
2024Chief Lending Officer$492.7K$641.4K45
2024Chief Credit Officer$492.7K$634.6K45
2024Chairman of the$257.1K$630.2K45
2023Officer and President$487.5K$1.8M45
2023and Senior Vice$467.8K$719.2K45
2023and Vice President$467.2K$633.4K45
2023Board of Bancorp and$254.1K$627.2K45

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.773,168$60.6M0.0%+33,993
Dimensional Fund Advisors LP699,360$54.8M0.0%+9,268
Vanguard Capital Management LLC380,637$29.8M0.0%−17,488
State Street Corp367,271$29.0M0.0%+48,589
American Century Companies Inc338,093$26.5M0.0%+30,484
Geode Capital Management, LLC250,723$19.7M0.0%+6,777
Renaissance Technologies LLC170,500$13.4M0.0%−19,800
Hotchkis & Wiley Capital Management LLC154,275$12.1M0.0%+590
Two Sigma Investments, LP137,830$10.8M0.0%+10,300
Charles Schwab Investment Management Inc132,703$10.4M0.0%+39,065
Morgan Stanley127,182$10.0M0.0%+9,925
Allspring Global Investments Holdings, LLC121,599$9.5M0.0%+24,001
Simmons Bank119,791$9.4M0.5%No change
Manufacturers Life Insurance Company, The112,141$8.8M0.0%−7,567
Vanguard Portfolio Management LLC90,910$7.1M0.0%+11,287
Bridgeway Capital Management, LLC81,768$6.4M0.1%+3,598
Northern Trust Corp71,970$5.6M0.0%+2,483
Empowered Funds, LLC54,040$4.2M0.0%+6,370
Vanguard Fiduciary Trust Co53,416$4.2M0.0%+521
UBS Group AG51,587$4.0M0.0%+16,519
Citadel Advisors LLC45,838$3.6M0.0%+20,654
Aqr Capital Management LLC44,350$3.5M0.0%+7,274
Bank of New York Mellon Corp43,517$3.4M0.0%−170
O'shaughnessy Asset Management, LLC40,579$3.2M0.0%New
D. E. Shaw & Co., Inc.37,642$3.0M0.0%+22,126

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How GREAT SOUTHERN BANCORP, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGREAT SOUTHERN BANCORP, INC.1
  • CIK0000854560
  • Employer ID (EIN)43-15248565
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address218 S Glenstone Ave, Springfield, MO 658021
  • Mailing addressP O Box 9009, Springfield, MO 65808-90091
  • Phone417-887-44001
  • Shares outstanding10,897,507 as of Aug 5, 202612
  • Public float$487.5M as of Jun 30, 20255
  • AuditorForvis Mazars, LLP, Springfield, Missouri PCAOB ID 686; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMay 15, 19961
  • Filings1,908 in all: 4 (1,094), 8-K (372), 4/A (95), 10-Q (91), 10-K (31), DEF 14A (31), 144 (30), ARS (18)1
    All 37 form types

    3 (17), SC 13G/A (15), 5 (12), DEFA14A (12), UPLOAD (11), CORRESP (8), S-3 (6), S-8 (6), SC 13D/A (6), 10-K/A (5), EFFECT (5), FWP (5), 3/A (4), 424B5 (4), SC 13G (4), 8-K/A (3), NT 10-Q (3), S-3/A (3), SC 13D (3), 305B2 (2), NT 10-K (2), PRE 14A (2), S-8 POS (2), 25-NSE (1), 424B1 (1), 5/A (1), 8-A12G (1), POS AM (1), RW (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 31, 2026
    Latest 8-K (8-K) Sep 16, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareGSBCNASDAQ

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks GREAT SOUTHERN BANCORP, INC. names in Item 1A of its 10-K filed Mar 6, 2026: 35 risks under these headings, as written.5

  • Risks Relating to the Company and the Bank
  • Risks Relating to Macroeconomic Conditions
  • Economic conditions have adversely affected and could continue to adversely affect our business and financial performance.
  • Since our business is primarily concentrated in Missouri, Iowa, Kansas and Minnesota, a significant downturn in these state or local economies, particularly in the St. Louis and Springfield, Missouri areas, may adversely affect our business. We also have originated a significant dollar amount of loans in Texas through our commercial loan production office in Dallas. A significant downturn in that state’s economy may adversely affect our business.
  • Inflationary pressures and rising or sustained high prices may affect our results of operations and financial condition.
  • The economic impact of new or continuing public health issues, or similar crises, could continue to adversely affect us.
  • Severe weather and other natural disasters, acts of war or terrorism or other adverse external events could harm our business.
  • Risks Relating to Lending Activities
  • Our loan portfolio possesses increased risk due to our relatively high concentration of commercial and residential construction, commercial real estate, other residential (multi-family) and other commercial loans.
  • A slowdown in the residential or commercial real estate markets may adversely affect our earnings and liquidity position.
  • Our allowance for credit losses may prove to be insufficient to absorb potential losses in our loan portfolio.
  • Risks Relating to Market Interest Rates
The other 27 risks
  • We may be adversely affected by interest rate changes.
  • The fair value of our investment securities can fluctuate due to market conditions outside of our control.
  • Risks Relating to Liquidity
  • Conditions in the financial markets may limit our access to additional funding to meet our liquidity needs.
  • Our operations may depend upon our continued ability to access brokered deposits, Federal Home Loan Bank advances and/or Federal Reserve Bank borrowings.
  • Risks Relating to Future Growth
  • Our strategy of pursuing acquisitions exposes us to financial, execution and operational risks that could adversely affect us.
  • Our growth or future losses may require us to raise additional capital in the future, but that capital may not be available when it is needed. If available, the cost of that capital may also be very high.
  • Risks Relating to Competition
  • Our future success is dependent on our ability to compete effectively in the highly competitive banking industry.
  • Risks Relating to Regulation
  • Our business may be adversely affected by the highly regulated environment in which we operate, including the various capital adequacy guidelines we are required to meet.
  • We currently exceed thresholds defined in interagency guidance on commercial real estate concentrations, and as such, we may incur additional expense or slow the growth of certain categories of commercial real estate lending.
  • Climate change and related legislative and regulatory initiatives may materially affect the Company's business and results of operations.
  • Scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
  • Risks Relating to Technology and Cybersecurity and Other Operational Matters
  • Our exposure to operational risks may adversely affect us.
  • We continually encounter technological change, and we may have fewer resources than many of our competitors to continue to invest in technological improvements.
  • Our current and future uses of Artificial Intelligence (AI) and other emerging technologies may create additional risks.
  • The Company is subject to significant risk if, in the future, it chooses to convert its core or other operating systems and may encounter significant adverse developments.
  • We are also subject to security-related risks in connection with our use of technology, and our security measures may not be sufficient to mitigate the risk of a cyber-attack or to protect us from systems failures or interruptions.
  • Our controls and procedures may be ineffective.
  • Risks Relating to Accounting Matters
  • Our accounting policies and methods impact how we report our financial condition and results of operations. Application of these policies and methods may require management to make estimates about matters that are uncertain.
  • Changes in accounting standards could materially impact our consolidated financial statements.
  • Risks Relating to our Common Stock
  • The price of our common stock may fluctuate significantly, and this may make it difficult for you to resell our common stock when you want or at prices you find attractive.
  • There may be future sales of additional shares of common stock or other dilution of our equity, which may adversely affect the market price of our common stock.
  • Regulatory and contractual restrictions may limit or prevent us from paying dividends on and repurchasing our common stock.
  • If we defer payments of interest on our outstanding junior subordinated debt securities or if certain defaults relating to those debt securities occur, we will be prohibited from declaring or paying dividends or distributions on, and from making liquidation payments with respect to, our common stock.
  • The voting limitation provision in our charter could limit your voting rights as a holder of our common stock.
  • Anti-takeover provisions could adversely impact our stockholders.
  • Three members of the Turner family may exert substantial influence over the Company through their board and management positions and their ownership of the Company’s stock.
  • In addition to the Turner family members, we are aware of other beneficial owners of more than five percent of the outstanding shares of our common stock. One of these beneficial owners is also a director of the Company.

Legal proceedings

In the normal course of business, the Company and its subsidiaries are subject to pending and threatened legal actions, some of which seek substantial relief or damages. While the ultimate outcome of such legal proceedings cannot be predicted with certainty, after reviewing pending and threatened litigation with counsel, management currently believes that the outcome of such litigation will not have a material adverse effect on the Company’s business, financial condition or results of operations.

One litigation matter in which the Bank is defendant was previously set for trial in the third quarter of 2025. The trial was postponed and has not yet been rescheduled. The court required the plaintiffs to file an amended petition, which they did in October 2025. The Bank has responded to the amended petition by filing a motion to dismiss on various grounds. The plaintiffs allege a breach of

fiduciary duty in this matter. At this stage of the proceeding, it is not possible to predict the outcome. However, the Bank believes it will prevail in this matter, and further believes that any loss should be indemnified, in whole or in part, or shared by others.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
    SEC EDGAROther events
  28. 28
  29. 29
    SEC EDGAROther events
  30. 30
  31. 31
  32. 32
    SEC EDGAROther events
  33. 33
    SEC EDGAROther events
  34. 34
  35. 35
    SEC EDGAROther events
  36. 36
  37. 37
    SEC EDGAROther events
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45