Great Southern holds lead in local deposits

Great Southern Bancorp Inc. (Nasdaq: GSBC) grew its lead as the No. 1 deposit holder in the Springfield metropolitan statistical area, according to newly released data from the Federal Deposit Insurance Corp.

Springfield-based Great Southern’s deposits were $1.7 billion as of June 30, representing a roughly 16% share of the market among 36 reporting institutions. That’s up from $1.34 billion in MSA deposits as of June 30, 2018, equal to 13.5% of the market.

It’s the third straight year Great Southern has been the leader after years of alternating the top spot with Kansas City-based Commerce Bancshares Inc. (Nasdaq: CBSH), according to past Springfield Business Journal reporting.

At No. 2 spot this year, Commerce Bank’s deposits in the Springfield MSA were $1.2 billion as of June 30. That was 11.1% of the market, according to the FDIC data.

Central Bank of the Ozarks remained in the third spot in the local market, with $1.16 billion in deposits, or a 10.7% share, as of June 30.

No. 4 was Guaranty Bank, which also maintained its spot from 2018. The company reported local deposits of $657.8 million, or 6.1% of the market, as of June 30.

OakStar Bank jumped up a spot to rank No. 5, with $599 million in deposits as of June 30. That’s 5.5% of the market, according to the FDIC data.

Bank of America dropped out of the top five, falling to No. 6 with $569.5 million in deposits, or 5.2% of the local market share, as of June 30.

The 36 reporting institutions in the Springfield metro area reported aggregate deposits of $10.87 billion as of June 30.