Foreclosed Milwaukee Brewers assets decreased primarily

Foreclosed studies milwaukee brewers assets decreased ned yost investigates primarily dueto the sale of one $1.5 million house that was part of a $1.8 millionrelationship, the reduction of $298,000 to a $1.9 million relationship inNorthwest Arkansas through the sale of a portion of the assets, and thereduction of $350,000 to a $2.3 million relationship in Kansas City throughthe sale of a portion of the assets.At June 30, 2009, ten separate relationships comprise $28.1 million, or 66%,of the total foreclosed assets balance. In addition to the one new and oneincreased relationship described above, eight other of these relationshipswere previously described more fully in the Company's March 31, 2009 QuarterlyReport on Form 10-Q under "Foreclosed Assets."BUSINESS INITIATIVESThe Company is expanding its retail banking center network in the St Louisand Kansas City metropolitan regions. This is part of the Company's overalllong-term plan to open two to three banking centers per year as marketconditions warrant The Company's first retail banking center in the St. Louismarket opened on May 11, 2009, and has been the Company's most successful newmarket banking center opening generating more than $63 million in coredeposits to date. Located in Creve Coeur, Mo., the full-service banking centercomplements a loan production office and a Great Southern Travel officealready in operation in this market.

Construction is nearing completion on asecond banking center in Lee's Summit, Mo., a suburb of Kansas City brew crew ball . Thebanking center is anticipated to open at the end of August and will enhanceaccess and service to Lee's Summit-area customers brewers jewelry . Great Southern opened itsfirst Lee's Summit retail location in 2006.In other news, Great Southern Bancorp, Inc prince fielder . was added to the broad-marketRussell 3000(R) Index and small-cap Russell 2000(R) Index effective after thestock market close on June 26, 2009 dan plesac .

The Russell 3000(R) Index measures theperformance of the 3,000 largest U.S companies based on total marketcapitalization brewers sausage race . Membership in the Russell 3000(R) Index, which remains inplace for one year, means automatic inclusion in the small-cap Russell 2000(R)Index or the large-cap Russell 1000(R) Index baseball managers . Russell determines membershipfor its equity indexes primarily by objective, market-capitalization rankingsand style attributes autographed bats . Russell indexes are widely used by investment managersand institutional investors for index funds and as benchmarks for both passiveand active investment strategies prince fielder autographed baseball .

An investment-leading $4 trillion in assetscurrently are benchmarked to theses indexes.The common stock of Great Southern Bancorp, Inc., is quoted on the NasdaqGlobal Select Market System under the symbol "GSBC" brewers sausage . The last reported saleprice of GSBC stock in the quarter ended June 30, 2009, was $20.55.Great Southern offers a broad range of banking, investment, insurance andtravel services to customers and clients signed baseball . Headquartered in Springfield, Mo.,Great Southern operates 56 banking centers and over 200 ATMs in Missouri,Kansas and Nebraska ned yost . The Company also serves lending needs through loanproduction offices in Overland Park, Kan., Rogers, Ark., and St brewers jewelry .

Louis brewers sausages . StatementsWhen used in future filings by the Company with the Securities and ExchangeCommission (the "SEC"), in the Company's press releases or other public orshareholder communications, and in oral statements made with the approval ofan authorized executive officer, the words or phrases "will likely result""are expected to," "will continue," "is anticipated," "estimate," "project,""intends" or similar expressions are intended to identify "forward-lookingstatements" within the meaning of the Private Securities Litigation Reform Actof 1995 prince fielder . Such statements are subject to certain risks and uncertainties,including, among other things, changes in economic conditions in the Company'smarket area, changes in policies by regulatory agencies, fluctuations ininterest rates, the risks of lending and investing activities, includingchanges in the level and direction of loan delinquencies and write-offs andchanges in estimates of the adequacy of the allowance for loan losses, theCompany's ability to access cost-effective funding, fluctuations in realestate values and both residential and commercial real estate marketconditions, demand for loans and deposits in the Company's market area andcompetition, that could cause actual results to differ materially fromhistorical earnings and those presently anticipated or projected dan plesac . entries 3.04% 3.23% 2.95% 3.27% 2.83%Average interest rate spread 2.99% 2.82% 2.86% 2.76% 2.69%Efficiency ratio61.82%48.43%43.51%49.40%31.31%Non-interest expense to average total assets2.30% 2.10% 2.19% 2.16% 2.05%Asset Quality Ratios (excluding FDIC- supported assets):Allowance for loan losses to period-end loans1.91% 1.49% 1.91% 1.49% 1.73%Non-performing assets to period-end assets1.63% 2.65% 1.63% 2.65% 1.81%Non-performingloans to period-endloans .75% 1.79%.75% 1.79% 1.22%Annualized net charge-offs to average loans 1.01%.90%.96% 4.38%.91%GREAT SOUTHERN BANCORP, INC . AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In thousands, except number of shares) June 30,December 31,March 31, 2009 20082009 (Unaudited)(Unaudited)ASSETSCash $225,970$135,043 $316,802Interest-bearing deposits in other financial institutions 179,29732,877106,452Cash and cash equivalents 405,267 167,920423,254Available-for-sale securities 721,123 647,678768,420Held-to-maturity securities (fair value $26,394 - June 2009; $1,422 - December 2008). Average balances of loans receivable include the average balances ofnon-accrual loans for each period.Interest income on loans includes interestreceived on non-accrual loans on a cash basis.Interest income on loansincludes the amortization of net loan fees, which were deferred in accordancewith accounting standards.Fees included in interest income were $456,000 and$637,000 for the three months ended June 30, 2009 and 2008, respectively. Feesincluded in interest income were $894,000 and $1.4 million for the six monthsended June 30, 2009 and 2008, respectively. Tax-exempt income was notcalculated on a tax equivalent basis.The table does not reflect any effectof income taxes.