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UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

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FORM 10-Q

(Mark One)

|/x/ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|--- | ---------------------------------------------------------------------------------------

For the quarterly period ended September 30, 2001

or

|/ / | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
|--- | ---------------------------------------------------------------

For the transition period from  to

Commission File Number: 0-28936

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GOLD BANC CORPORATION, INC.(Exact name of registrant as specified in its charter)

Kansas

48-1008593(State or other jurisdiction
of incorporation or organization)

(I.R.S. Employer
Identification No.)11301 Nall Avenue, Leawood, Kansas(Address of principal executive office)

66211(Zip code)


(913) 451-8050(Registrant's telephone number, including area code)

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Indicate
by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for past 90 days. Yes
/x/ No / /

Indicate
the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practical date.

|Class                         |  |  |  | Outstanding at November 1, 2001
|----------------------------- |  |  |  | -------------------------------
|                              |  |  |  |                                
|Common Stock, $1.00 par value |  |  |  | 34,473,730                     

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GOLD BANC CORPORATION, INC.
INDEX TO 10-Q FOR THE QUARTERLY
PERIOD ENDED SEPTEMBER 30, 2001

|                               |  |                                                                                                   |  | Page
|------------------------------ |  | ------------------------------------------------------------------------------------------------- |  | ----
|PART I:  FINANCIAL INFORMATION |  |                                                                                                  
|ITEM 1:                        |  | FINANCIAL STATEMENTS (unaudited)                                                                  |  |     
|                               |  | Consolidated Balance Sheets at September 30, 2001 and December 31, 2000                           |  | 3   
|                               |  | Consolidated Statements of EarningsThree months ended September 30, 2001 and September 30, 2000  |  | 4   
|                               |  | Consolidated Statements of EarningsNine months ended September 30, 2001 and September 30, 2000   |  | 5   
|                               |  | Consolidated Statements of Cash FlowsNine months ended September 30, 2001 and September 30, 2000 |  | 6   
|                               |  | Notes to Consolidated Financial Statements                                                        |  | 7   
|ITEM 2:                        |  | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS             |  | 14  
|PART II:  OTHER INFORMATION    |  |                                                                                                  
|ITEM 1:                        |  | LEGAL PROCEEDINGS                                                                                 |  | 20  
|ITEM 2:                        |  | CHANGES IN SECURITIES AND USE OF PROCEEDS                                                         |  | 21  
|ITEM 3:                        |  | DEFAULTS UPON SENIOR SECURITIES                                                                   |  | 21  
|ITEM 4:                        |  | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                               |  | 21  
|ITEM 5:                        |  | OTHER INFORMATION                                                                                 |  | 21  
|ITEM 6:                        |  | EXHIBITS AND REPORTS ON FORM 8-K                                                                  |  | 21  
|                               |  | SIGNATURES                                                                                        |  | 22  

2

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PART I  GOLD BANC CORPORATION, INC. AND SUBSIDIARIES

Consolidated Balance Sheets  (In thousands except per share and per share data)  (Unaudited)

|                                                 |                                                                                                                                                | Sept. 30, 2001 |           | Dec. 31, 2000 |  
|------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------- | -------------- | --------- | ------------- | -
|Assets                                           |                                                                                                                                                |                |           |               |  
|Cash and due from banks                          |                                                                                                                                                | $              | 63,559    |               | $
|Federal funds sold and interest-bearing deposits |                                                                                                                                                |                | 275       |               |  
|                                                 |                                                                                                                                                |                |           |               |  
|                                                 | Total cash and cash equivalents                                                                                                                |                |           | 63,834        |  
|                                                 |                                                                                                                                                |                |           |               |  
|Investment securities:                           |                                                                                                                                                |                |           |               |  
|                                                 | Available-for-sale                                                                                                                             |                |           | 599,481       |  
|                                                 | Held-to-maturity                                                                                                                               |                |           | 13,470        |  
|                                                 | Trading                                                                                                                                        |                |           | 5,898         |  
|                                                 |                                                                                                                                                |                |           |               |  
|                                                 | Total investment securities                                                                                                                    |                |           | 618,849       |  
|                                                 |                                                                                                                                                |                |           |               |  
|Mortgage and student loans held for sale, net    |                                                                                                                                                |                | 8,566     |               |  
|Loans, net                                       |                                                                                                                                                |                | 2,019,144 |               |  
|Premises and equipment, net                      |                                                                                                                                                |                | 59,769    |               |  
|Goodwill, net                                    |                                                                                                                                                |                | 38,577    |               |  
|Cash surrender value of life insurance           |                                                                                                                                                |                | 52,222    |               |  
|Accrued interest and other assets                |                                                                                                                                                |                | 72,156    |               |  
|                                                 |                                                                                                                                                |                |           |               |  
|Total assets                                     |                                                                                                                                                | $              | 2,933,117 |               | $
|                                                 |                                                                                                                                                |                |           |               |  
|Liabilities and Stockholders' Equity             |                                                                                                                                                |                |           |               |  
|Liabilities:                                     |                                                                                                                                                |                |           |               |  
|                                                 | Deposits                                                                                                                                       |                | $         | 2,123,962     |  
|                                                 | Securities sold under agreements to repurchase                                                                                                 |                |           | 115,116       |  
|                                                 | Federal funds purchased and other short-term borrowings                                                                                        |                |           | 15,890        |  
|                                                 | Guaranteed preferred beneficial interests in Company's debentures                                                                              |                |           | 81,749        |  
|                                                 | Long-term debt                                                                                                                                 |                |           | 390,986       |  
|                                                 | Accrued interest and other liabilities                                                                                                         |                |           | 33,609        |  
|                                                 |                                                                                                                                                |                |           |               |  
|                                                 | Total liabilities                                                                                                                              |                |           | 2,761,312     |  
|                                                 |                                                                                                                                                |                |           |               |  
|Stockholders' equity:                            |                                                                                                                                                |                |           |               |  
|                                                 | Preferred stock, no par value; 50,000,000 shares authorized, no shares issued                                                                  |                |           |              |  
|                                                 | Common stock, $1.00 par value, 50,000,000 shares authorized 38,351,330 issued at September 30, 2001 and 38,285,900 issued at December 31, 2000 |                |           | 38,351        |  
|                                                 | Additional paid-in capital                                                                                                                     |                |           | 75,819        |  
|                                                 | Retained earnings                                                                                                                              |                |           | 80,261        |  
|                                                 | Accumulated other comprehensive income, net                                                                                                    |                |           | 4,531         |  
|                                                 | Unearned compensation                                                                                                                          |                |           | (2,802        | )
|                                                 |                                                                                                                                                |                |           |               |  
|                                                 |                                                                                                                                                |                | 196,160   |               |  
|                                                 | Less treasury stock3,535,100 shares at September 30, 2001 and 800,000 shares at December 31, 2000                                             |                |           | (24,355       | )
|                                                 |                                                                                                                                                |                |           |               |  
|                                                 | Total stockholders' equity                                                                                                                     |                |           | 171,805       |  
|                                                 |                                                                                                                                                |                |           |               |  
|Total liabilities and stockholders' equity       |                                                                                                                                                | $              | 2,933,117 |               | $
|                                                 |                                                                                                                                                |                |           |               |  

See accompanying notes to Consolidated Financial Statements

3

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GOLD BANC CORPORATION, INC. AND SUBSIDIARIES  Consolidated Statements of Earnings  For the Three Months ended  (In thousands, except per share data)  (unaudited)

|                                         |                                                               | Sept. 30, 2001                                      |        | Sept. 30, 2000 |       
|---------------------------------------- | ------------------------------------------------------------- | --------------------------------------------------- | ------ | -------------- | ------
|Interest income:                         |                                                               |                                                     |        |                |       
|                                         | Loans, including fees                                         |                                                     | $      | 40,417         |       
|                                         | Investment securities                                         |                                                     |        | 9,659          |       
|                                         | Other                                                         |                                                     |        | 648            |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               |                                                     | 50,724 |                |       
|                                         |                                                               |                                                     |        |                |       
|Interest expense:                        |                                                               |                                                     |        |                |       
|                                         | Deposits                                                      |                                                     |        | 20,896         |       
|                                         | Borrowings and other                                          |                                                     |        | 8,973          |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               |                                                     | 29,869 |                |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               | Net interest income                                 |        |                | 20,855
|Provision for loan losses                |                                                               |                                                     | 5,225  |                |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               | Net interest income after provision for loan losses |        |                | 15,630
|                                         |                                                               |                                                     |        |                |       
|Other income:                            |                                                               |                                                     |        |                |       
|                                         | Service fees                                                  |                                                     |        | 5,944          |       
|                                         | Net gains on sale of mortgage loans                           |                                                     |        | 257            |       
|                                         | Net securities gains (losses)                                 |                                                     |        | 139            |       
|                                         | Investment trading fees and commissions                       |                                                     |        | 1,836          |       
|                                         | Other                                                         |                                                     |        | 4,853          |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               |                                                     | 13,029 |                |       
|                                         |                                                               |                                                     |        |                |       
|Other expense:                           |                                                               |                                                     |        |                |       
|                                         | Salaries and employee benefits                                |                                                     |        | 11,496         |       
|                                         | Net occupancy expense                                         |                                                     |        | 1,334          |       
|                                         | Depreciation expense                                          |                                                     |        | 1,345          |       
|                                         | Goodwill amortization expense                                 |                                                     |        | 407            |       
|                                         | Consolidation/repositioning/pooling/mortgage closing expenses |                                                     |        | (4,489         | )     
|                                         | Other                                                         |                                                     |        | 11,636         |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               |                                                     | 21,729 |                |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               | Earnings before income taxes                        |        |                | 6,930 
|Income tax expense                       |                                                               |                                                     | 770    |                |       
|                                         |                                                               |                                                     |        |                |       
|                                         |                                                               | Net earnings                                        |        | $              | 6,160 
|                                         |                                                               |                                                     |        |                |       
|Net earnings per sharebasic and diluted |                                                               | $                                                   | .18    |                | $     
|                                         |                                                               |                                                     |        |                |       

See accompanying notes to Consolidated Financial Statements

4

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GOLD BANC CORPORATION, INC. AND SUBSIDIARIES  Consolidated Statements of Earnings  For the Nine Months ended September 30, 2001  (In thousands, except per share data)  (unaudited)

|                                         |                                                               | Sept. 30, 2001                                      |         | Sept. 30, 2000 |       
|---------------------------------------- | ------------------------------------------------------------- | --------------------------------------------------- | ------- | -------------- | ------
|Interest income:                         |                                                               |                                                     |         |                |       
|                                         | Loans, including fees                                         |                                                     | $       | 126,530        |       
|                                         | Investment securities                                         |                                                     |         | 24,918         |       
|                                         | Other                                                         |                                                     |         | 3,378          |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               |                                                     | 154,826 |                |       
|                                         |                                                               |                                                     |         |                |       
|Interest expense:                        |                                                               |                                                     |         |                |       
|                                         | Deposits                                                      |                                                     |         | 67,521         |       
|                                         | Borrowings and other                                          |                                                     |         | 22,675         |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               |                                                     | 90,196  |                |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               | Net interest income                                 |         |                | 64,630
|Provision for loan losses                |                                                               |                                                     | 9,565   |                |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               | Net interest income after provision for loan losses |         |                | 55,065
|                                         |                                                               |                                                     |         |                |       
|Other income:                            |                                                               |                                                     |         |                |       
|                                         | Service fees                                                  |                                                     |         | 11,438         |       
|                                         | Net gains on sale of mortgage loans                           |                                                     |         | 1,500          |       
|                                         | Net securities gains (losses)                                 |                                                     |         | 1,428          |       
|                                         | Investment trading fees and commissions                       |                                                     |         | 4,861          |       
|                                         | Other                                                         |                                                     |         | 13,674         |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               |                                                     | 32,901  |                |       
|                                         |                                                               |                                                     |         |                |       
|Other expense:                           |                                                               |                                                     |         |                |       
|                                         | Salaries and employee benefits                                |                                                     |         | 33,548         |       
|                                         | Net occupancy expense                                         |                                                     |         | 4,316          |       
|                                         | Depreciation expense                                          |                                                     |         | 4,437          |       
|                                         | Goodwill amortization expense                                 |                                                     |         | 1,467          |       
|                                         | Consolidation/repositioning/pooling/mortgage closing expenses |                                                     |         | (4,966         | )     
|                                         | Other                                                         |                                                     |         | 24,389         |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               |                                                     | 63,191  |                |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               | Earnings before income taxes                        |         |                | 24,775
|Income tax expense                       |                                                               |                                                     | 6,568   |                |       
|                                         |                                                               |                                                     |         |                |       
|                                         |                                                               | Net earnings                                        |         | $              | 18,207
|                                         |                                                               |                                                     |         |                |       
|Net earnings per share-basic and diluted |                                                               | $                                                   | .51     |                | $     
|                                         |                                                               |                                                     |         |                |       

See accompanying notes to Consolidated Financial Statements

5

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GOLD BANC CORPORATION, INC. AND SUBSIDIARIES  Consolidated Statements of Cash Flows  For the Nine Months Ended  (In thousands)  (Unaudited)

|                                                                                    |                                                                                                                             | September 30, 2001                        |         | September 30, 2000 |         
|----------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------- | ------- | ------------------ | --------
|Cash flows from operating activities:                                               |                                                                                                                             |                                           |         |                    |         
|                                                                                    | Net earnings                                                                                                                |                                           | $       | 18,207             |         
|                                                                                    | Adjustments to reconcile net earnings to net cash provided by (used in) operating activities, net of purchase acquisitions: |                                           |         |                    |         
|                                                                                    | Provision for loan losses                                                                                                   |                                           |         | 9,565              |         
|                                                                                    | (Gains) losses on sales of securities                                                                                       |                                           |         | (1,428             | )       
|                                                                                    | Amortization of investment securities' premiums, net of accretion                                                           |                                           |         | (23                | )       
|                                                                                    | Depreciation                                                                                                                |                                           |         | 4,437              |         
|                                                                                    | Amortization of goodwill                                                                                                    |                                           |         | 1,467              |         
|                                                                                    | Net decrease (increase) in mortgage loans held for sale                                                                     |                                           |         | 39,534             |         
|                                                                                    | Loss on sale of assets, net                                                                                                 |                                           |         |                   |         
|                                                                                    | Net (increase) decrease in trading securities                                                                               |                                           |         | (1,798             | )       
|                                                                                    | Unrealized loss on trading securities                                                                                       |                                           |         |                   |         
|                                                                                    | Other changes:                                                                                                              |                                           |         |                    |         
|                                                                                    | Accrued interest receivable and other assets                                                                                |                                           |         | (13,300            | )       
|                                                                                    | Accrued interest payable and other liabilities                                                                              |                                           |         | 3,473              |         
|                                                                                    |                                                                                                                             |                                           |         |                    |         
|                                                                                    |                                                                                                                             | Net cash provided by operating activities |         |                    | 60,134  
|                                                                                    |                                                                                                                             |                                           |         |                    |         
|Cash flows from investing activities:                                               |                                                                                                                             |                                           |         |                    |         
|                                                                                    | Net increase in loans                                                                                                       |                                           |         | (242,802           | )       
|                                                                                    | Principal collections and proceeds from maturities of held-to-maturity securities                                           |                                           |         |                   |         
|                                                                                    | Principal collections and proceeds from sales and maturities of available-for-sale securities                               |                                           |         | 393,848            |         
|                                                                                    | Purchases of available-for-sale securities                                                                                  |                                           |         | (381,462           | )       
|                                                                                    | Purchases of held to maturity securities                                                                                    |                                           |         | (9,077             | )       
|                                                                                    | Purchase of bank owned life insurance policies                                                                              |                                           |         | (52,222            | )       
|                                                                                    | Net additions to premises and equipment                                                                                     |                                           |         | (3,542             | )       
|                                                                                    | Proceeds from sale of other assets                                                                                          |                                           |         |                   |         
|                                                                                    | Cash paid, net of cash received, in acquisitions                                                                            |                                           |         | 44,732             |         
|                                                                                    |                                                                                                                             |                                           |         |                    |         
|                                                                                    |                                                                                                                             | Net cash used in investing activities     |         |                    | (250,525
|                                                                                    |                                                                                                                             |                                           |         |                    |         
|Cash flows from financing activities:                                               |                                                                                                                             |                                           |         |                    |         
|                                                                                    | (Decrease) increase in deposits                                                                                             |                                           |         | (61,325            | )       
|                                                                                    | Net increase (decrease) in short-term borrowings                                                                            |                                           |         | 27,377             |         
|                                                                                    | Net increase in FHLB and other long-term borrowings                                                                         |                                           |         | 189,625            |         
|                                                                                    | Proceeds from issuance of common stock                                                                                      |                                           |         | 361                |         
|Purchase of treasury stock                                                          |                                                                                                                             |                                           | (18,560 | )                  |         
|                                                                                    | Cash dividends                                                                                                              |                                           |         | (2,144             | )       
|                                                                                    |                                                                                                                             |                                           |         |                    |         
|                                                                                    |                                                                                                                             | Net cash provided by financing activities |         |                    | 135,334 
|                                                                                    |                                                                                                                             |                                           |         |                    |         
|                                                                                    |                                                                                                                             | Decrease in cash and cash equivalents     |         |                    | (55,057 
|Cash and cash equivalents, beginning of year                                        |                                                                                                                             |                                           | 118,891 |                    |         
|                                                                                    |                                                                                                                             |                                           |         |                    |         
|Cash and cash equivalents, end of period                                            |                                                                                                                             |                                           | 63,834  |                    |         
|Supplemental schedule of non-cash activities:                                       |                                                                                                                             |                                           |         |                    |         
|Issuance of common stock for acquisitions                                           |                                                                                                                             |                                           |         |                    | $       
|Non-cash investing activities related to the securitization of loans held for sale: |                                                                                                                             |                                           |         |                    |         
|                                                                                    | Increase in investment securities                                                                                           |                                           | $       | 85,981             |         
|                                                                                    | Decrease in mortgage loans held for sale                                                                                    |                                           | $       | (85,981            | )       
|                                                                                    | Non-cash activities related to acquisitions:                                                                                |                                           |         |                    |         
|                                                                                    | Increase in accrued interest and other assets                                                                               |                                           | $       | 7,623              |         
|                                                                                    | Increase in other liabilities                                                                                               |                                           |         | 17                 |         
|                                                                                    | Increase in premises                                                                                                        |                                           |         | 1,538              |         
|                                                                                    | Increase in deposits                                                                                                        |                                           |         | 51,410             |         

See accompanying notes to consolidated financial statements.

6

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The
accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q. The consolidated financial
statements should be read in conjunction with the audited consolidated financial statements included in the Company's 2000 Annual Report on Form 10-K.

The
consolidated financial statements include the accounts of Gold Banc Corporation, Inc. and its subsidiary banks and companies, collectively referred to as the Company. All
significant intercompany balances and transactions have been eliminated.

The
consolidated balance sheet as of September 30, 2001 and the consolidated statements of earnings for the three and nine months ended September 30, 2001 and 2000 are
unaudited but include all adjustments (consisting only of normal recurring adjustments) which the Company considers necessary for a fair presentation of financial position and results of its
operations and its cash flows for those periods. The Consolidated Statement of Earnings for the three and nine months ended September 30, 2001 is not necessarily indicative of the results to be
expected for the entire year.

Basic
earnings per share is based upon the weighted average number of common shares outstanding during the periods presented. Diluted earnings per share include the effects of all
potentially dilutive common shares outstanding during each period. Employee stock options are the Company's only potential common share equivalents.

The
shares used in the calculation of basic and diluted income per share for the three and nine months ended September 30, 2001 and 2000 are shown below (in thousands):

|                                                                        |  | For the Three
Months Ended
September 30 |  | For the Nine
Months Ended
September 30
|----------------------------------------------------------------------- |  | --------------------------------------- |  | --------------------------------------
|
|Weighted average common shares outstanding                              |  | 35,050                                  |  | 37,486                                
|Stock options                                                           |  | 62                                      |  | 8                                     
|                                                                        |  |                                         |  |                                       
|Weighted average common shares and Common share equivalents outstanding |  | 35,112                                  |  | 37,494                                
|                                                                        |  |                                         |  |                                       

GBCI
Capital Trust, GBCI Capital Trust II and ABI Capital Trust (the "Trusts") are Delaware business trusts formed or acquired by the Company. The Trusts have sold
$82.5 million of Preferred Securities with interest rates of 8.50%-9.12%. The Trusts used the net proceeds from the offerings to purchase a like amount of 8.50%-9.12%
Junior Subordinated Deferrable Interest Debentures (the "Debentures") of the Company. The Debentures are the sole assets of the Trusts and are eliminated, along with the related earnings statement
effects, in the consolidated financial statements. The Company used the proceeds from the sale of the Debentures to retire certain debt and for general corporate purposes. Total expenses associated
with the offerings approximating $4.1 million are included in other assets and are being amortized on a straight-line basis over the life of the debentures.

The
Preferred Securities accrue and pay distributions quarterly at annual rates of 8.50%-9.12% of the stated liquidation amount of each Preferred Security. The Company has
fully and unconditionally guaranteed all of the obligations of the Trusts. The guaranty covers the quarterly distributions and payments on liquidation or redemption of the Preferred Securities.

7

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The Preferred Securities are mandatorily redeemable upon the maturity of the Debentures on December 31, 2027, June 30, 2028 and June 30, 2029 or upon earlier
redemption as provided in the Indenture. The Company has the right to redeem the Debentures, in whole or in part on or after December 31, 2002, June 30, 2003 and June 30, 2004, at
a redemption price specified in the Indenture plus any accrued but unpaid interest to the redemption date.

Other
Comprehensive income was $23.1 million and $13.9 million for the nine months ended September 30, 2001 and 2000, respectively and $8.1 and
$7.5 million for the three months ended September 30, 2001 and 2000, respectively. The difference between other comprehensive income and net earnings presented in the Consolidated
Statement of Earnings is attributed solely to unrealized gains and losses on available-for-sale securities.

On
July 27, 2001, the Company's lead financial institution, Gold Bank, headquartered in Leawood, Kansas, entered into an agreement with North American Savings Bank, F.S.B.,
Grandview, Missouri to purchase its deposit base of approximately $54 million and physical assets at 8840 State Line Road, Leawood, Kansas. The excess of cost over fair value of the underlying
assets acquired was $4.2 million and is being amortized over 10 years.

On
April 26, 2001, Compunet Engineering, Inc., a wholly owned subsidiary of the Company, acquired the assets of Information Products, Inc. (IPI) for approximately
$1 million. Information Products, Inc. provides technology services, including LAN, WAN, product support, telecommunication line monitoring, hardware maintenance and systems design and
installation across all industry sectors. The asset acquisition was accounted for using the purchase method of accounting. The excess of cost over fair value of the underlying assets acquired of
$822 thousand is being amortized over 20 years using the straight-line method.

On
March 30, 2001, Gold Capital Management, Inc., a wholly owned subsidiary of the Company, acquired Ott Financial Corporation ("Ott") of Wichita, Kansas for
approximately $2.7 million. Ott was the holding company for Davidson Securities, Inc. and J.O. Davidson and Associates, Inc. that specialize in public finance advisory and
underwriting services. At the time of the acquisition, the companies were
all merged into Gold Capital Management, Inc. The acquisition was accounted for using the purchase method of accounting. The excess of cost over fair value of the underlying net assets acquired
of $1.5 million is being amortized over 20 years using the straight- line method. Ott had total assets of approximately $1.3 million at the time of the acquisition.

On
March 2, 2000, the Company issued 9,540,048 shares of common stock to acquire CountryBanc Holding Company of Edmond ("CountryBanc"), Oklahoma, a multi-bank
holding company that operated two Oklahoma state banks and one Kansas state bank. The total value of the CountryBanc acquisition was $76 million in a stock-for-stock,
tax-free exchange, which was accounted for as a pooling of interests. CountryBanc had total assets of approximately $552.6 million at March 31, 2000.

On
March 6, 2000, the Company issued 2,708,565 shares of common stock to acquire First Business Bank of Kansas City, N.A. ("First Business Bank"), which is located in the heart
of the popular Country Club Plaza area. The acquisition cost was approximately $20 million in a stock-for-stock, tax-free exchange. The transaction was
accounted for as a pooling of interests except for the 14% minority interest held by third parties in First Business Bank. The acquisition of the minority interests of 14% was accounted for as a
purchase. First Business Bank had total assets of approximately $130.7 million at March 31, 2000.

On
March 20, 2000, the Company issued 8,319,131 shares of common stock to acquire American Bancshares, Inc. of Bradenton, Florida ("American Bancshares"), owner of
American Bank. American

8

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Bank is one of the largest community banks on the west coast of Florida. The acquisition cost was approximately $55 million in a stock-for-stock, tax-free
exchange that was accounted for as a pooling of interests. American Bancshares had total assets of approximately $471.6 million at March 31, 2000.

On
March 7, 2001, the Company announced that the Board of Directors had approved a common stock repurchase program whereby the Company may acquire up to 1,839,000 shares of the
Company's common stock, or approximately 5% of the then outstanding shares. The Company completed the repurchase program in August, 2001. On September 17, 2001 the Company announced the
approval of another common stock repurchase program whereby the Company may acquire up to 1,800,000 additional shares of the Company's common stock, or approximately an additional 5% of the
outstanding shares. At September 30, 2001, the Company had acquired 2,735,100 shares under these programs at prices ranging from $6.55-$7.85 per share.

During
the quarter ended March 31, 2000, the Company acquired the three financial institutions as discussed in footnote 5. Since the three acquisitions were accounted for as
pooling of interests, the Company expensed the costs associated with the acquisition during the quarter ended March 31, 2000. The pooling costs were $10.1 million before income taxes and
$7.4 millionnet of income taxes.

During
1999 and 2000, the Company consolidated its Kansas and\ Oklahoma banks into a single statewide organization. The plan for the consolidation was formed with the intention to
reposition the Company to improve service to its customers, achieve higher profitability and enhance its visibility in each state.

The
plan primarily involved exiting certain duplicate branch banking facilities resulting in asset write-downs to estimated fair value, eliminating duplicate backroom functions,
abandoning certain leases and reducing the number of full-time employees. Accordingly, the Company recognized

9

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repositioning expenses of $724,000 in the quarter ended March 31, 2000. Details of the Kansas and Oklahoma repositioning accrual at September 30, 2001 and 2000 are as follows (in
thousands):

|                                         |  | Activity for
Quarter Ended
September 30, 2001
|---------------------------------------- |  | ---------------------------------------------
|
|Salaries, benefits and severance         |  | $                                            
|Asset write-downs and lease abandonments |  |                                              
|Other repositioning expenses             |  |                                              
|                                         |  |                                              
|                                         |  | $                                            
|                                         |  |                                              

|                                         |  | Activity for
Quarter Ended
September 30, 2000
|---------------------------------------- |  | ---------------------------------------------
|
|Salaries, benefits and severance         |  | $                                            
|Asset write-downs and lease abandonments |  |                                              
|Other repositioning expenses             |  |                                              
|                                         |  |                                              
|                                         |  | $                                            
|                                         |  |                                              

|                                                      |  | Activity for
Quarter Ended
September 30, 2001
|----------------------------------------------------- |  | ---------------------------------------------
|
|Salaries, benefits and severance                      |  | $                                            
|Asset and goodwill write-downs and lease abandonments |  |                                              
|                                                      |  |                                              
|Other closing expenses                                |  |                                              
|                                                      |  |                                              
|                                                      |  | $                                            
|                                                      |  |                                              

|                                                      |  | Activity for
Nine Months Ended
September 30, 2000
|----------------------------------------------------- |  | -------------------------------------------------
|
|Salaries, benefits and severance                      |  | $                                                
|Asset and goodwill write-downs and lease abandonments |  |                                                  
|Other closing expenses                                |  |                                                  
|                                                      |  |                                                  
|                                                      |  | $                                                
|                                                      |  |                                                  

10

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During
the fourth quarter of 2000, the Company announced it would close its separate mortgage banking subsidiary, Gold Banc Mortgage. As a result of this decision, the Company
recorded expenses of $19.8 million in the fourth quarter of 2000. Details of the Gold Banc Mortgage closing accrual as of September 30, 2001 are as follows (in thousands):

|                                                      |  | Activity for
Three Months Ended
September 30, 2001
|----------------------------------------------------- |  | --------------------------------------------------
|
|Salaries, benefits and severance                      |  | $                                                 
|Asset and goodwill write-downs and lease abandonments |  |                                                   
|Other closing expenses                                |  |                                                   
|                                                      |  |                                                   
|                                                      |  | $                                                 

|                                                      |  | Activity for
Nine Months Ended
September 30, 2001
|----------------------------------------------------- |  | -------------------------------------------------
|
|Salaries, benefits and severance                      |  | $                                                
|Asset and goodwill write-downs and lease abandonments |  |                                                  
|Other closing expenses                                |  |                                                  
|                                                      |  |                                                  
|                                                      |  | $                                                

On
August 13, 2001, a three person arbitration panel ruled in Gold Banc's favor on its claims against Brad Ives, David Murrill, and Robert McGannon (the "sellers" of Regional
Holding to Gold Banc in 1999), and denied all counter-claims that the Sellers made against Gold Banc. The panel cancelled promissory notes to the former owners totaling $4 million plus awarded
monetary damages of $489,000. The award of $4.489 million was recorded in the financial statements as a reduction of mortgage closing expenses during the quarter ending 9/30/2001.

On
October 25, 2001 the Board of Directors declared a $0.02 cash dividend on common stock to shareholders of record as of November 6, 2001, payable on
November 11, 2001.

Regional Arbitration, Accounting Dispute and Related Civil Lawsuit

Gold Banc has obtained an award in its favor in an arbitration claim, filed in June 2000 with the American Arbitration Association ("AAA"), against Brad
D. Ives, David W. Murrill, and Robert E. McGannon ("Respondents") relating to its acquisition of Regional Holding Company, Inc. ("Regional"). Gold Banc asserted a claim for breach of
representations and warranties made in the Stock Purchase Agreement concerning the Regional Acquisition. Respondents answered Gold Banc's claim and asserted a counterclaim for breach of certain
promissory notes, as amended, issued to Respondents as part of the acquisition, seeking a principal amount of $4.08 million, plus interest. Respondents also counter-claimed for declaratory
judgment related to Gold Banc's set-off of its claim

11

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against the notes, and for fraud in connection with amendments to the notes, Respondents' employment agreements and the Stock Purchase Agreement undertaken in December 1999. After an
arbitration hearing of July 16-24, 2001, a three person AAA arbitration panel made an award in favor of Gold Banc canceling the promissory notes from Gold Banc to Respondents, and
awarding Gold Banc additional damages of $489,000 against Respondents. In addition, the Panel ruled in favor of Gold Banc on Respondents' counter-claims. The Panel denied a request for costs and fees,
and denied a motion by one of the Respondents to reallocate or amend the award. As a result of the panel's ruling Gold Banc recorded the cancellation of the notes payable and the monetary award as a
reduction of other expense in the third quarter of 2001.

Gold
Banc has learned that the Respondents intend to file an action seeking to vacate the arbitration award. Gold Banc knows of no grounds to overturn the award and believes that any
such action by Respondents would be without merit.

Gold
Banc also gave Respondents notice invoking an alternative dispute resolution provision of the Stock Purchase Agreement (section 2.3) over the application of generally
accepted accounting principles to the financial statements of Regional. The accounting dispute affects the contract formula for calculating the purchase price. Gold Banc demanded that Respondents join
in submitting the dispute to Ernst & Young, LLP, as set forth in the Stock Purchase Agreement. Respondents disputed the timeliness of the demand, and asked the AAA Panel to declare that Gold
Banc had not timely invoked the procedure. The Panel ruled in favor of Gold Banc, ordering the parties to submit the matter in accordance with the contract procedures. It has not yet been submitted to
Ernst & Young, LLP for decision.

In
a related matter, Brad D. Ives, David W. Murrill, and Robert E. McGannon (Respondents in the arbitration proceeding), filed a civil case in September 2000 against Gold Banc
Mortgage, Inc. ("GBM"), Michael Gullion and Jerry Bengtson in the Circuit Court of Jackson County, Missouri. As subsequently amended, plaintiffs in the Jackson County case allege three counts:
(1) that (similar to their fraud claim
in the arbitration proceeding) in December 1999, defendants fraudulently induced plaintiffs to renegotiate and amend their employment agreements and promissory notes, seeking damages in excess
of $25,000 each plus punitive damages; (2) that McGannon is entitled to declaratory judgment that his placement on administrative leave for a period of time during the arbitration was a
constructive termination under his employment agreement entitling him to certain rights; and (3) that GBM breached Ives' employment agreement when it changed his termination to "for cause" in
2001 based on after-acquired evidence subsequent to his original termination in 2000 "without cause," allegedly entitling Ives to payment of employment payments and benefits he otherwise would have
received. Defendants GBM, Gullion and Bengtson have answered, denying the claims against them and asserting affirmative defenses. Gold Banc believes that its defenses to the fraud claim are strong and
that the plaintiffs' fraud claim is without merit. Concerning the claim for declaratory judgment on behalf of McGannon, defendants assert that the claim is moot because McGannon has subsequently been
terminated, has received benefits he is entitled to, and therefore there remains no justiciable dispute.

CUNA Trademark Lawsuit

Gold Banc filed suit against the Credit Union National Association, Inc. ("CUNA") on July 26, 2001 in the United States District Court for the
District of Kansas to defend Gold Banc's MORE THAN MONEY service mark. Suit was filed to protect Gold Banc's rights against infringement by CUNA and other infringers. The lawsuit alleges CUNA has
infringed Gold Banc's service mark MORE THAN MONEY by using the service mark WHERE PEOPLE ARE WORTH MORE THAN MONEY in its national brand campaign promoting credit unions throughout the country. The
Complaint includes claims for (i) trademark infringement and unfair competition under federal and common law, and (ii) trademark dilution under federal and state law. Several types of
relief are

12

---

requested in the suit, including entry of a permanent injunction prohibiting CUNA and credit unions from using the service mark WHERE PEOPLE ARE WORTH MORE THAN MONEY, an order that CUNA's two
registrations for its mark be cancelled, and money damages, including a sum to compensate Gold Banc for corrective advertising. CUNA filed its Answer to the Complaint on September 17, 2001 and
discovery in the case is proceeding and is expected to conclude in March 2002. The matter has been set on a trial docket beginning September 2002. Neither Gold Banc nor its attorneys can
predict the outcome of this litigation.

13

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL  CONDITION AND RESULTS OF OPERATIONS

The following financial review presents management's discussion and analysis of the consolidated financial condition and results of operations of the Company.
This review highlights the major factors affecting results of operations and any significant changes in financial condition for the three and nine-month periods ended September 30,
2001. This review should be read in conjunction with the consolidated financial statements and related notes appearing elsewhere in this report as well as the Company's 2000 Annual Report on
Form 10-K. Results of operations for the three and nine month periods ended September 30, 2001 are not necessarily indicative of results to be attained for any other period.

SUMMARY

Consolidated net income for the nine months ended September 30, 2001 was $18.2 million; a $9.0 million increase over the
$9.2 million for the first nine months of 2000. Net income for the three months ended September 30, 2001 was $6.2 million compared with $3.6 million for the three months
ended September 30, 2000. Basic and diluted earnings per share were $0.51 for the first nine months of 2001 compared to $0.24 per share for the first nine months of 2000. Basic and diluted
earnings per share were $0.18 for the quarter ended September 30, 2001 compared to $0.10 for the quarter ended September 30, 2000. The return on average assets and equity was 0.88% and
14.53%, respectively, for the nine months ended September 30, 2001 compared to 0.90% and 3.96%, respectively, for the nine months ended September 30, 2000. The return on average assets
and equity was 0.85% and 14.54%, respectively, for the three months ended September 30, 2001 compared to 0.70% and 10.76%, respectively, for the three months ended September 30, 2000.
Pooling and repositioning expenses of $7.1 million net of taxes impacted earnings for the first nine months of 2000. Without these charges, earnings per share would have been $0.43 and return
on average assets and equity would have been 0.63% and 9.10%, respectively.

RESULTS OF OPERATIONS

Net Interest Income

Total interest income for the nine months ended September 30, 2001 was $154.8 million compared to $154.3 million for the nine months ended
September 30, 2000 or an increase of $561 thousand. This increase resulted from a $4.0 million decrease in loan interest and a $4.5 million increase in investment security
interest and other interest. Total interest income for the three months ended September 30, 2001 was $50.7 million; a $2.4 million or 4.5% decrease from the three months ended
September 30, 2000. The decrease was the result of a $4.5 million decline in loan interest income. Average loans increased to $1.96 billion for the three months ended
September 30, 2001 compared to $1.90 billion for the three months ended September 30, 2000 or a 3.0% increase. This increase in loan volume was offset by a reduction in net
interest margin from 3.90% for the three months ended September 30, 2000 to 3.20% for the three months ended September 30, 2001. Average earning assets were $2.77 billion for the
nine months ended September 30, 2001 compared $2.61 billion for the first nine months of 2000.

Total
interest expense for the nine months ended September 30, 2001 was $90.2 million compared to $83.6 million for the nine months ended September 30,
2000. Total interest expense for the three months ended September 30, 2001 was $29.9 million; a $70 thousand or 0.2% decrease over the three months ended September 30,
2000. The decrease was the result of a $2.3 million decrease in interest on deposits and a $2.2 million increase in interest expense on other borrowings.

Net
interest income was $64.6 million for the nine months ended September 30, 2001 compared with $70.7 million for the nine months ended September 30,
2000. Net interest income was

14

---

$20.1 million for the three months ended September 30, 2001, compared to $23.2 million for the same period in 2000; a decrease of 10.1%. The Company's net interest margin
decreased from 4.04% for the nine months ended September 30, 2000 to 3.25% for the nine months ended September 30, 2001. Net interest margin decreased from 3.90% for the three months
ended September 30, 2000 to 3.20% for the three months ended September 30, 2001. The Company's net interest margin for the three months ended December 31, 2000 was 3.85%. The
Company's interest earning assets reprice more quickly than its interest bearing liabilities. This factor, combined with the current declining interest rate environment have resulted in a decrease in
both net interest income and the net interest margin during the nine months and quarter ended September 30, 2001.

Provision/Allowance for Loan Losses

The success of a bank depends to a significant extent upon the quality of its assets, particularly loans. This is highlighted by the fact that net loans are
69% of the Company's total assets as of September 30, 2001. Credit losses are inherent in the lending business. The risk of loss will vary with general economic conditions, the type of loan
being made, and the creditworthiness of the borrower over the
term of the loan and the quality of the collateral in the case of a collateralized loan, among other things. Management maintains an allowance for loan losses based on industry standards, management's
experience, historical experience, an evaluation of economic conditions and regular reviews of delinquencies and loan portfolio quality. Based upon such factors, management makes various assumptions
and judgments about the ultimate collectability of the loan portfolio and provides an allowance for loan losses based upon a percentage of the outstanding balances and for specific loans if their
ultimate collectability is considered questionable. Since certain lending activities involve greater risks, the percentage applied to specific loan types may vary.

The
Company actively manages its past due and non-performing loans in each Bank in an effort to minimize credit losses, and monitors asset quality to maintain an adequate
loan loss allowance. Although management believes its allowance for loan losses is adequate for each Bank and collectively, there can be no assurance that the allowance will prove sufficient to cover
future loan losses. Further, although management uses the best information available to make determinations with respect to the allowance for loan losses, future adjustments may be necessary if
economic conditions differ substantially from the assumptions used, or adverse developments arise with respect to non-performing or performing loans. Accordingly, there can be no assurance
that the allowance for loan losses will be adequate to cover loan losses or that significant increases to the allowance will not be required in the future if economic conditions should worsen.
Material additions to the allowance for loan losses would result in a decrease of the Company's net income and capital.

The
Company considers non-performing assets to include non-accrual loans, other loans past due 90 days or more as to principal and interest (with the
exception of those loans which in management's opinion are well collateralized or exhibit other characteristics suggesting they are collectible), other real estate owned and repossessed assets. Total
non-performing loans were $20.6 million and $20.7 million at September 30, 2001 and December 31, 2000, respectively. Total non-performing loans were
1.00% and 1.06% of gross loans at September 30, 2001 and December 31, 2000, respectively. Total non-performing assets were $25.0 million and $24.4 million at
September 30, 2001 and December 31, 2000, respectively. Total non-performing assets were .85% and .90% of total assets at September 30, 2001 and December 31,
2000, respectively.

The
allowance for loan losses totaled $25.3 million and $26.2 million at September 30, 2001 and December 31, 2000, respectively, and represented 1.23% and
1.35% of total loans at each date. The provision for loan losses for the nine months ended September 30, 2001, was $9.6 million compared to $2.7 million for the nine months ended
September 30, 2000. Net charge-offs for the nine months ended September 30, 2001 were $10.5 million compared to $2.6 million for the nine months ended
September 30, 2000. The increase in the provision for loan loss and net charge-offs for the nine months

15

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ended September 30, 2001 is the direct result of management's continued efforts to merge the credit culture of its Oklahoma acquisitions into the Company's existing credit standards. Management
has continued to review the loan portfolio of the Oklahoma banks, to increase the provision and to charge-off those credits when collection is considered to be doubtful.

Other Income

Other income for the nine months ended September 30, 2001 was $32.9 million compared to $21.1 million for the first nine months of 2000.
For the three months ended September 30, 2001 other income was $13.0 million, an increase of $8.1 million, or 162.5% over the same period last year. The increase in other income
resulted from an increase in service fee income and investment trading fees and commissions related to increased bond sales during the first nine months of 2001; an increase in net securities gains
related securities sales and a general increase in miscellaneous other income during the quarter. The miscellaneous other income includes $5.1 million in additional income derived from the
activities of IPI which was acquired in the first quarter of 2001. These increases were partially offset by a decrease in net gains on the sale of mortgage loans.

Other Expense

For the first nine months of 2001, other expense was $63.2 million compared to $74.1 million for the same period of 2000. Other expense for the
three months ended September 30, 2001 was $21.7 million; an increase of $65 thousand from the same period last year. The primary increase in other expense was the result of cost
of sales related to the additional sales obtained through the IPI acquistion. Results for the nine months ended September 30, 2000 included $9.7 million in
consolidation/repositioning/pooling expenses related to the three acquisitions during the first quarter and the continuing efforts to consolidate the Kansas banks into one charter. The other expense
category has also been reduced by $4.4 million to record the arbitration award. Net occupancy expense decreased from $6.1 million for the nine months ended September 30, 2000 to
$4.3 million for the first nine months of 2001. Depreciation expense for the same period decreased from $4.6 million to $4.4 million For the three months ended
September 30, 2001 depreciation expense was $1.3 million compared to $1.6 million for the three months ended September 30, 2000.

Income Tax Expense

Income tax expense for the nine months ended September 30, 2001 was $6.6 million compared to $5.9 million for the nine months ended
September 30, 2000. This increase was due to the increase in earnings before income taxes of $24.8 million for the nine months ended September 30, 2001 compared to
$15.1 million for the nine months ended September 30, 2000. The effective tax rate was 26.5% and 39.0% for each period, respectively.  Income tax expense for the three
months ended September 30, 2001 and 2000 was $770 thousand and $1.9 million, respectively. The effective tax rate for each time period was 27.0% and 34.9%, respectively. The
decrease in effective tax rate for both the three month and nine month time periods is due to the non-taxable treatment of the arbitration award in 2001.

FINANCIAL CONDITION

From December 31, 2000 to September 30, 2001 total assets grew from $2.7 billion to $2.9 billion, respectively. Net loans increased
from $1.8 billion to $2.0 billion, respectively. Deposits have remained constant at $2.1 billion. Investment securities were $618.8 million at September 30, 2001,
compared to $526.0 million at December 31, 2000; an increase of $92.9 million or 17.7%. Total long and short-term borrowings increased $180.9 million or 58.8%
from December 31, 2000.

16

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Liquidity and Capital Resources

Liquidity defines the ability of the Company and the Banks to generate funds to support asset growth, satisfy other disbursement needs, meet deposit
withdrawals and other fund reductions, maintain reserve requirements and otherwise operate on an ongoing basis. The immediate liquidity needs of the Banks are met primarily by Federal Funds sold,
short-term investments, deposits and the generally predictable cash flow (primarily repayments) from each Bank's assets. The Banks' investment portfolios provide intermediate term
liquidity. The Banks also have established a credit facility with the FHLB, under which they are eligible for short-term advances and long-term borrowings secured by real
estate loans or mortgage-related investments. The Company's liquidity needs and funding are provided through non-affiliated bank borrowing, cash dividends and tax payments from its
subsidiary Banks. In addition to the FHLB credit facility the Company has a $25 million line of credit with a correspondent bank with outstanding borrowings of $25 million at
September 30, 2001.

Cash
and cash equivalents and investment securities totaled $682.7 million, or 23.3% of total assets at September 30, 2001 compared to $644.9 million, or 23.7% at
December 31, 2000. Cash provided by operating activities for the nine months ended September 30, 2001 was $60.1 million, consisting primarily of net earnings and proceeds from the
sale of loans. Cash used by investing activities was $250.5 million, consisting primarily of the net sales and maturity of investment securities of $12.4 million and an increase in loans
of $242.8 million and offset by the purchase of bank-owned life insurance policies of $52.2 million. Cash provided by financing activities was $135.3 million,
consisting primarily of a decrease in deposits of $61.3 million,, the purchase of $18.6 million in treasury stock and by an increase in net borrowings of $217.0 million.

The
Company and its subsidiaries actively monitor their compliance with regulatory capital requirements. The elements of capital adequacy standards include strict definitions of core
capital and total assets, which include off-balance sheet items such as commitments to extend credit. Under the risk-based capital method of capital measurement, the ratio
computed is dependent on the amount and composition of assets recorded on the balance sheet and the amount and composition of off-balance sheet items, in addition to the level of capital.
Historically, the Banks have increased core capital through retention of earnings or capital infusions. To be well capitalized a company's total risk-based
capital ratio, tier 1 risk-based capital ratio and tier 1 leverage ratio would be 10.0%, 6.0% and 5.0% respectively. The Company's total risk-based capital ratio, tier 1
risk-based capital ratio and tier 1 leverage ratio at September 30, 2001 were 10.45%, 8.18% and 6.48%, respectively. These same ratios at December 31, 2000 were 11.41%, 8.92%
and 7.16%, respectively. The primary source of funds available to the Company is dividends by the subsidiaries. Each Bank's ability to pay dividends may be limited by regulatory requirements. At
September 30, 2001, the subsidiaries could pay dividends without prior regulatory approval. Management believes cash generated from its operations and correspondent bank facility will be
sufficient to meet its cash requirements for internal growth and general operations in the foreseeable future.

On
March 7, 2001, the Company announced that the Board of Directors had approved a common stock repurchase program whereby the Company may acquire up to 1,839,000 shares of the
Company's common stock, or approximately 5% of the then outstanding shares. The Company completed the repurchase program on August 31, 2001. On September 17, 2001 the Company announced
the approval of another common stock repurchase program whereby the Company may acquire up to 1,800,000 additional shares of the Company's common stock, or approximately an additional 5% of the
outstanding shares. At September 30, 2001, the Company had acquired 2,735,100 shares under these programs at prices ranging from $6.55-$7.85 per share.

17

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ACCOUNTING AND FINANCIAL REPORTING

The Financial Accounting Standards Board (FASB) issued SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities" in June 1998.
SFAS No. 133 establishes accounting and reporting standards for derivative instruments and hedging activities. The statement requires that entities recognize all derivatives as either assets or
liabilities in the statement of condition and measure such instruments at fair value. SFAS 133, as amended by SFAS 137 and 138, was adopted by the Company on January 1, 2001. The
adoption of the standards did not have an impact on the financial statements of the Company.

In
July 2001, the FASB issued SFAS No. 141,Business Combinations, and SFAS No. 142, Goodwill and Other Intangible Assets.SFAS No. 141
requires that the purchase method of accounting be used for all business combinations
initiated after June 30, 2001 as well as all purchase method business combinations completed after June 30, 2001. SFAS No. 141 also specifies criteria intangible assets acquired
in a purchase method business combination must meet to be recognized and reported apart from goodwill, noting that any purchase price allocable to an assembled workforce may not be accounted for
separately. SFAS No. 142 will require that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead tested for impairment at least annually in accordance
with the provisions of SFAS No. 142, SFAS No. 142 will also require that intangible assets with definite useful lives be amortized over their respective estimated useful lives to their
estimated residual values, and reviewed for impairment in accordance with SFAS No. 121,Accounting for the Impairment of Long-Lived Assets to Be Disposed
Of.

The
provisions of SFAS No. 141 are required to be adopted immediately and SFAS No. 142 will be effective January 1, 2002. Furthermore, any goodwill and any
intangible assets determined to have an indefinite useful life that are acquired in a purchase business combination completed after June 30, 2001 will not be amortized, but will continue to be
evaluated for impairment in accordance with the appropriate pre-SFAS No. 142 accounting literature. Goodwill and intangible assets acquired in business combinations completed before
July 1, 2001 will continue to be amortized prior to the adoption of SFAS No. 142.

SFAS
No. 141 will require upon adoption of SFAS No. 142, that the Company evaluate its existing intangible assets and goodwill that were acquired in prior purchase
business combinations, and to make any necessary reclassifications in order to conform with the new criteria in SFAS No. 141 for recognition apart from goodwill. Upon adoption of SFAS
No. 142, the Company will be required to reassess the useful lives and residual values of all intangible assets acquired in purchase business combinations, and make any necessary amortization
period adjustments by the end of the first interim period after adoption. In addition, to the extent an intangible asset is identified as having an indefinite useful life, a test will be required to
be made of the intangible asset for impairment in accordance with the provisions of SFAS No. 142 within the first interim period. Any impairment loss will be measured as of the date of adoption
and recognized as the cumulative effect of a change in accounting principle in the first interim period.

In
connection with the transitional goodwill impairment evaluation, SFAS No. 142 will require an assessment of whether there is and indication that goodwill is impaired as of
the date of adoption. This will be accomplished through the identification of reporting units and determination of the carrying value of each reporting unit by assigning the assets and liabilities,
including existing goodwill and intangible assets, to those reporting units as of the date of adoption. The Company will have up to nine months from the date of adoption to determine the fair value of
each reporting unit and compare it to the reporting unit's carrying amount. To the extent a reporting unit's carrying amount exceeds its fair value, an indication exists that the reporting unit's
goodwill may be impaired then the second step of the transitional impairment test must be performed. In the second step, the implied fair value must be compared to the reporting unit's goodwill,
determined by allocating the reporting unit's fair value to all

18

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of its assets (recognized and unrecognized) and liabilities in a manner similar to a purchase price allocation in accordance with SFAS No. 141 to the carrying amount, both of which would be
measured as of the date of adoption. This second step is required to be completed as soon as possible, but no later than the end of the year of adoption. Any transitional impairment loss will be
recognized as the cumulative effect of a change in accounting principle in the statement of earnings.

Because
of the extensive effort needed to comply with adopting SFAS No. 141 and SFAS No. 142, it is not practicable to reasonably estimate whether any transitional
impairment losses will be recognized as the cumulative effect of a change in accounting principle.

In
October 2001, the FASB issued Statement No. 144, ACCOUNTING FOR THE IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS. This Statement supercedes Statement
No. 121 but retains many of its fundamental provisions. Additionally, this Statement expands the scope of discontinued operations to include more disposal transactions. The provisions of this
Statement are effective for financial statements issued for fiscal years beginning after December 15, 2001. The Company has not yet completed its evaluation of the impact this Statement will
have when adopted.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Asset/liability management refers to management's efforts to minimize fluctuations in net interest income caused by interest rate changes. This is accomplished
by managing the repricing of interest rate sensitive interest-earning assets and interest-bearing liabilities. An interest rate sensitive balance sheet item is one that is able to reprice quickly,
through maturity or otherwise. Controlling the maturity or repricing of an institution's liabilities and assets in order to minimize interest rate risk is commonly referred to as gap management. Close
matching of the repricing of assets and liabilities will normally result in little change in net interest income when interest rates change. A mismatched gap position will normally result in changes
in net interest income as interest rates change.

Along
with internal gap management reports, the Company and the Banks use an asset/liability modeling service to analyze each Bank's current gap position. The system simulates the
Banks' asset and liability base and projects future net interest income results under several interest rate assumptions. The Company strives to maintain an aggregate gap position such that each 100
basis point change in interest rates will not affect net interest income by more than 10%. The Company has not engaged in derivative transactions for its own account.

The
following table indicates that, at September 30, 2001, in the event of a sudden and sustained increase in prevailing market rates, the Companies net interest income would
be expected to increase, while a decrease in rates would indicate a decrease in income.

|Changes in Interest Rates |  | Net Interest Income |             | Actual Change |    | Percent Change
Actual |  
|------------------------- |  | ------------------- | ----------- | ------------- | -- | --------------------- | -
|200 basis point rise      |  | $                   | 108,933,000 |               | $  | 3,131,000             |  
|100 basis point rise      |  | $                   | 108,450,000 |               | $  | 2,648,000             |  
|Base Rate Scenario        |  | $                   | 105,802,000 |               |    |                      |  
|100 basis point decline   |  | $                   | 103,645,000 |               | ($ | 2,157,000             | )
|200 basis point decline   |  | $                   | 100,593,000 |               | ($ | 5,209,000             | )

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PART II  OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS

Regional Arbitration, Accounting Dispute and Related Civil Lawsuit

Gold Banc has obtained an award in its favor in an arbitration claim, filed in June 2000 with the American Arbitration Association ("AAA"), against Brad
D. Ives, David W. Murrill, and Robert E. McGannon ("Respondents") relating to its acquisition of Regional Holding Company, Inc. ("Regional"). Gold Banc asserted a claim for breach of
representations and warranties made in the Stock Purchase Agreement concerning the Regional Acquisition. Respondents answered Gold Banc's claim and asserted a counterclaim for breach of certain
promissory notes, as amended, issued to Respondents as part of the acquisition, seeking a principal amount of $4.08 million, plus interest. Respondents also counter-claimed for declaratory
judgment related to Gold Banc's set-off of its claim against the notes, and for fraud in connection with amendments to the notes, Respondents' employment agreements and the Stock Purchase
Agreement undertaken in December 1999. After an arbitration hearing of July 16-24, 2001, a three person AAA arbitration panel made an award in favor of Gold Banc canceling
the promissory notes from Gold Banc to Respondents, and awarding Gold Banc additional damages of $489,000 against Respondents. In addition, the Panel ruled in favor of Gold Banc on Respondents'
counter-claims. The Panel denied a request for costs and fees, and denied a motion by one of the Respondents to reallocate or amend the award. As a result of the panel's ruling Gold Banc recorded the
cancellation of the notes payable and the monetary award as a reduction of other expense in the third quarter of 2001.

Gold
Banc has learned that the Respondents intend to file an action seeking to vacate the arbitration award. Gold Banc knows of no grounds to overturn the award and believes that any
such action by Respondents would be without merit.

Gold
Banc also gave Respondents notice invoking an alternative dispute resolution provision of the Stock Purchase Agreement (section 2.3) over the application of generally
accepted accounting principles
to the financial statements of Regional. The accounting dispute affects the contract formula for calculating the purchase price. Gold Banc demanded that Respondents join in submitting the dispute to
Ernst & Young, LLP, as set forth in the Stock Purchase Agreement. Respondents disputed the timeliness of the demand, and asked the AAA Panel to declare that Gold Banc had not timely invoked the
procedure. The Panel ruled in favor of Gold Banc, ordering the parties to submit the matter in accordance with the contract procedures. It has not yet been submitted to Ernst & Young, LLP for
decision.

In
a related matter, Brad D. Ives, David W. Murrill, and Robert E. McGannon (Respondents in the arbitration proceeding), filed a civil case in September 2000 against Gold Banc
Mortgage, Inc. ("GBM"), Michael Gullion and Jerry Bengtson in the Circuit Court of Jackson County, Missouri. As subsequently amended, plaintiffs in the Jackson County case allege three counts:
(1) that (similar to their fraud claim in the arbitration proceeding) in December 1999, defendants fraudulently induced plaintiffs to renegotiate and amend their employment agreements
and promissory notes, seeking damages in excess of $25,000 each plus punitive damages; (2) that McGannon is entitled to declaratory judgment that his placement on administrative leave for a
period of time during the arbitration was a constructive termination under his employment agreement entitling him to certain rights; and (3) that GBM breached Ives' employment agreement when it
changed his termination to "for cause" in 2001 based on after-acquired evidence subsequent to his original termination in 2000 "without cause," allegedly entitling Ives to payment of employment
payments and benefits he otherwise would have received. Defendants GBM, Gullion and Bengtson have answered, denying the claims against them and asserting affirmative defenses. Gold Banc believes that
its defenses to the fraud claim are strong and that the plaintiffs' fraud claim is without merit. Concerning the claim for declaratory judgment on

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behalf of McGannon, defendants assert that the claim is moot because McGannon has subsequently been terminated, has received benefits he is entitled to, and therefore there remains no justiciable
dispute.

CUNA Trademark Lawsuit

Gold Banc filed suit against the Credit Union National Association, Inc. ("CUNA") on July 26, 2001 in the United States District Court for the
District of Kansas to defend Gold Banc's MORE THAN MONEY service mark. Suit was filed to protect Gold Banc's rights against infringement by CUNA and other infringers. The lawsuit alleges CUNA has
infringed Gold Banc's service mark MORE THAN MONEY by using the service mark WHERE PEOPLE ARE WORTH MORE THAN MONEY in its national brand campaign promoting credit unions throughout the country. The
Complaint includes claims for (i) trademark infringement and unfair competition under federal and common law, and (ii) trademark dilution under federal and state law. Several types of
relief are requested in the suit, including entry of a permanent injunction prohibiting CUNA and credit unions from using the service mark WHERE PEOPLE ARE WORTH MORE THAN MONEY, an order that CUNA's
two registrations for its mark be cancelled, and money damages, including a sum to compensate Gold Banc for corrective advertising. CUNA filed its Answer to the Complaint on September 17, 2001
and discovery in the case is proceeding and is expected to conclude in March 2002. The matter has been set
on a trial docket beginning September 2002. Neither Gold Banc nor its attorneys can predict the outcome of this litigation.

ITEM 2:  CHANGES IN SECURITIES AND USE OF PROCEEDS

None

ITEM 3:  DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4:  SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS

None

ITEM 5:  OTHER INFORMATION

None

ITEM 6:  EXHIBITS AND REPORTS ON FORM 8-K





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.

|                        |  | GOLD BANC CORPORATION, INC.
|----------------------- |  | ---------------------------
|Date: November 14, 2001 |  | By:                        

(Authorized
officer and principal financial officer of the registrant)

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