Item 2.02 Results of Operations and Financial Condition

On August 11, 2009, Great Southern Bancorp, Inc. (the Company) determined that, in accordance with FAS 141(R), an additional gain of $1.0 million (pre-tax) related to the March 20, 2009, FDIC-assisted acquisition of TeamBank N.A. should be retrospectively reported in the first quarter of 2009. Based on analysis of second quarter 2009 results, the Company determined that $1.0 million in income, which had been included in the Company's second quarter 2009 preliminary earnings release dated July 23, 2009, should be properly recorded in income for the quarter ended March 31, 2009. Per the FDIC-assisted acquisition agreement, certain subsidiaries of the acquired bank were also acquired at book value and the assets and liabilities were recorded at their estimated fair values. With the dissolution of these subsidiaries, it was subsequently determined that adjustments to the fair value estimates of the acquired assets and liabilities were necessary.

As a result of this determination, the Company's second quarter preliminary earnings release dated July 23, 2009, furnished under a Current Report on Form 8-K on July 28, 2009, should no longer be relied upon for second quarter financial results. Investors should refer to the Company's Quarterly Report on Form 10-Q for the second quarter 2009 filed on August 13, 2009.