DERIVATIVES AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2025


	Location in	Fair Value
	Consolidated Statements	September 30,		December 31,
	of Financial Condition	2025		2024

		(In Thousands)
Derivatives designated as hedging instruments
Active interest rate swaps	Accrued expenses and other liabilities	$	6,640	$	17,014

Total derivatives designated as hedging instruments		$	6,640	$	17,014

Derivatives not designated as hedging instruments
Asset Derivatives
Interest rate products	Prepaid expenses and other assets	$	5,797	$	8,065

Total derivatives not designated as hedging instruments		$	5,797	$	8,065

Liability Derivatives
Interest rate products	Accrued expenses and other liabilities	$	5,772	$	7,986

Total derivatives not designated as hedging instruments		$	5,772	$	7,986


	Amount of Gain (Loss)
	Recognized in AOCI
	Three Months Ended September 30,
Cash Flow Hedges	2025		2024

	(In Thousands)
Terminated interest rate swap, net of income taxes	$	(1,580)	$	(1,580)
Active interest rate swaps, net of income taxes		970		9,571
	$	(610)	$	7,991


	Amount of Gain (Loss)
	Recognized in AOCI
	Nine Months Ended September 30,
Cash Flow Hedges	2025		2024

	(In Thousands)
Terminated interest rate swap, net of income taxes	$	(4,688)	$	(4,706)
Active interest rate swaps, net of income taxes		7,823		6,595
	$	3,135	$	1,889


	Three Months Ended September 30,
Cash Flow Hedges	2025				2024
	Interest		Interest		Interest		Interest
	Income		Expense		Income		Expense

	(In Thousands)
Total Interest Income	$	79,079	$	—	$	83,796	$	—
Total Interest Expense		—		28,306		—		35,821
	$	79,079	$	28,306	$	83,796	$	35,821

Terminated interest rate swap	$	2,047	$	—	$	2,047	$	—
Active interest rate swaps		(1,761)		—		(2,743)		—
	$	286	$	—	$	(696)	$	—


	Nine Months Ended September 30,
Cash Flow Hedges	2025				2024
	Interest		Interest		Interest		Interest
	Income		Expense		Income		Expense

	(In Thousands)
Total Interest Income	$	240,297	$	—	$	242,113	$	—
Total Interest Expense		—		89,227		—		102,504
	$	240,297	$	89,227	$	242,113	$	102,504

Terminated interest rate swap	$	6,075	$	—	$	6,120	$	—
Active interest rate swaps		(5,260)		—		(10,165)		—
	$	815	$	—	$	(4,045)	$	—

GREAT SOUTHERN BANCORP, INC. 10-Q