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

FORM 10-Q

(Mark One)

|ý                               | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
|------------------------------- | ---------------------------------------------------------------------------------------
|                                | For the quarterly period ended March 31, 2002                                          
|o                               | TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT                        
|                                | For the transition period from          to                                             
|Commission File Number: 0-28936

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

Kansas

48-1008593(State or other jurisdiction

(I.R.S. Employerof incorporation or organization)

Identification No.)11301 Nall Avenue, Leawood, Kansas

66211(Address of principal executive office)

(Zip code)


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

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  o    No  o

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 April 30, 2002Common Stock, $1.00 par value

33,986,992


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GOLD BANC CORPORATION, INC.  INDEX TO 10-Q FOR THE QUARTERLY  PERIOD ENDED MARCH 31, 2001

|         |                                                                                                                                           |                                                                                       | PAGE
|-------- | ----------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------- | ----
|PART I:  | FINANCIAL INFORMATION                                                                                                                     |                                                                                       |     
|         | ITEM 1:                                                                                                                                   | FINANCIAL STATEMENTS                                                                  |     
|         | Consolidated Balance Sheets at March 31, 2002 and December 31, 2001 (unaudited)                                                           |                                                                                       | 3   
|         | Consolidated Statements of EarningsThree months ended March 31, 2002 and March 31, 2001 (unaudited)                                      |                                                                                       | 4   
|         | Consolidated Statements of Stockholder's Equity and Comprehensive IncomeThree months ended March 31, 2002 and March 31, 2001 (unaudited) |                                                                                       | 5   
|         | Consolidated Statements of Cash FlowsThree months ended March 31, 2002 and March 31, 2001 (unaudited)                                    |                                                                                       | 6   
|         | Notes to Consolidated Financial Statements                                                                                                |                                                                                       | 7   
|         | ITEM 2:                                                                                                                                   | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |     
|PART II: | OTHER INFORMATION                                                                                                                         |                                                                                       |     
|         | ITEM 1:                                                                                                                                   | LEGAL PROCEEDINGS                                                                     |     
|         | ITEM 2:                                                                                                                                   | CHANGES IN SECURITIES AND USE OF PROCEEDS                                             |     
|         | ITEM 3:                                                                                                                                   | DEFAULTS UPON SENIOR SECURITIES                                                       |     
|         | ITEM 4:                                                                                                                                   | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                   |     
|         | ITEM 5:                                                                                                                                   | OTHER INFORMATION                                                                     |     
|         | ITEM 6:                                                                                                                                   | EXHIBITS AND REPORTS ON FORM 8-K                                                      |     
|         | SIGNATURES                                                                                                                                |                                                                                       | 26  

2

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PART I  FINANCIAL INFORMATION  GOLD BANC CORPORATION, INC. AND SUBSIDIARIES  Consolidated Balance Sheets  (In thousands)  (unaudited)

|                                                  |                                                                                                                                            | Mar. 31, 2002 |           | Dec. 31, 2001 |  
|------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------ | ------------- | --------- | ------------- | -
|                                                  | Assets                                                                                                                                     |               |           |               |  
|Cash and due from banks                           |                                                                                                                                            | $             | 66,784    |               | $
|Federal funds sold and interest-bearing deposits  |                                                                                                                                            |               | 56,393    |               |  
|                                                  |                                                                                                                                            |               |           |               |  
|                                                  | Total cash and cash equivalents                                                                                                            |               |           | 123,177       |  
|                                                  |                                                                                                                                            |               |           |               |  
|Investment securities:                            |                                                                                                                                            |               |           |               |  
|                                                  | Available-for-sale                                                                                                                         |               |           | 546,554       |  
|                                                  | Held-to-maturity                                                                                                                           |               |           | 23,466        |  
|                                                  | Trading                                                                                                                                    |               |           | 2,763         |  
|                                                  |                                                                                                                                            |               |           |               |  
|                                                  | Total investment securities                                                                                                                |               |           | 572,783       |  
|                                                  |                                                                                                                                            |               |           |               |  
|Mortgage loans held for sale, net                 |                                                                                                                                            |               | 39,500    |               |  
|Loans, net                                        |                                                                                                                                            |               | 2,277,470 |               |  
|Premises and equipment, net                       |                                                                                                                                            |               | 67,730    |               |  
|Goodwill, net                                     |                                                                                                                                            |               | 34,610    |               |  
|Intangible assets                                 |                                                                                                                                            |               | 3,983     |               |  
|Cash surrender value of bank owned life insurance |                                                                                                                                            |               | 54,141    |               |  
|Accrued interest and other assets                 |                                                                                                                                            |               | 61,773    |               |  
|                                                  |                                                                                                                                            |               |           |               |  
|Total assets                                      |                                                                                                                                            | $             | 3,235,167 |               | $
|                                                  |                                                                                                                                            |               |           |               |  
|                                                  | Liabilities and Stockholders' Equity                                                                                                       |               |           |               |  
|Liabilities:                                      |                                                                                                                                            |               |           |               |  
|                                                  | Deposits                                                                                                                                   |               | $         | 2,380,331     |  
|                                                  | Securities sold under agreements to repurchase                                                                                             |               |           | 104,498       |  
|                                                  | Federal funds purchased and other short-term borrowings                                                                                    |               |           | 1,083         |  
|                                                  | Guaranteed preferred beneficial interests in Company's debentures                                                                          |               |           | 111,749       |  
|                                                  | Long-term borrowings                                                                                                                       |               |           | 447,626       |  
|                                                  | Accrued interest and other liabilities                                                                                                     |               |           | 26,622        |  
|                                                  |                                                                                                                                            |               |           |               |  
|                                                  | Total liabilities                                                                                                                          |               |           | 3,071,909     |  
|                                                  |                                                                                                                                            |               |           |               |  
|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 38,404,002 issued at March 31, 2002 and 38,352,074 issued at December 31, 2001 |               |           | 38,404        |  
|                                                  | Additional paid-in capital                                                                                                                 |               |           | 76,011        |  
|                                                  | Retained earnings                                                                                                                          |               |           | 90,957        |  
|                                                  | Accumulated other comprehensive income (loss), net                                                                                         |               |           | (204          | )
|                                                  | Unearned compensation                                                                                                                      |               |           | (8,790        | )
|                                                  |                                                                                                                                            |               |           |               |  
|                                                  |                                                                                                                                            |               | 196,378   |               |  
|                                                  | Less treasury stock4,721,510 shares at March 31, 2002 and 4,417,010 shares at December 31, 2001                                           |               |           | (33,120       | )
|                                                  |                                                                                                                                            |               |           |               |  
|                                                  | Total stockholders' equity                                                                                                                 |               |           | 163,258       |  
|                                                  |                                                                                                                                            |               |           |               |  
|Total liabilities and stockholders' equity        |                                                                                                                                            | $             | 3,235,167 |               | $
|                                                  |                                                                                                                                            |               |           |               |  

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)

|                                         |                                         | Mar. 31, 2002                                       |        | Mar. 31, 2001
|---------------------------------------- | --------------------------------------- | --------------------------------------------------- | ------ | -------------
|Interest Income:                         |                                         |                                                     |        |              
|                                         | Loans, including fees                   |                                                     | $      | 39,035       
|                                         | Investment securities                   |                                                     |        | 8,337        
|                                         | Other                                   |                                                     |        | 595          
|                                         |                                         |                                                     |        |              
|                                         |                                         |                                                     | 47,967 |              
|                                         |                                         |                                                     |        |              
|Interest Expense:                        |                                         |                                                     |        |              
|                                         | Deposits                                |                                                     |        | 15,397       
|                                         | Borrowings and other                    |                                                     |        | 8,441        
|                                         |                                         |                                                     |        |              
|                                         |                                         |                                                     | 23,838 |              
|                                         |                                         |                                                     |        |              
|                                         |                                         | Net interest income                                 |        |              
|                                         |                                         |                                                     |        |              
|Provision for loan losses                |                                         |                                                     | 5,035  |              
|                                         |                                         |                                                     |        |              
|                                         |                                         | Net interest income after provision for loan losses |        |              
|                                         |                                         |                                                     |        |              
|Other income:                            |                                         |                                                     |        |              
|                                         | Service fees                            |                                                     |        | 3,970        
|                                         | Investment trading fees and commissions |                                                     |        | 1,396        
|                                         | Net gains on sale of mortgage loans     |                                                     |        | 696          
|                                         | Net securities gains                    |                                                     |        | 534          
|                                         | Information technology services         |                                                     |        | 4,876        
|                                         | Other                                   |                                                     |        | 2,354        
|                                         |                                         |                                                     |        |              
|                                         |                                         |                                                     | 13,826 |              
|                                         |                                         |                                                     |        |              
|Other expense:                           |                                         |                                                     |        |              
|                                         | Salaries and employee benefits          |                                                     |        | 11,948       
|                                         | Net occupancy expense                   |                                                     |        | 1,478        
|                                         | Depreciation expense                    |                                                     |        | 1,509        
|                                         | Goodwill amortization expense           |                                                     |        |             
|                                         | Information technology services         |                                                     |        | 3,171        
|                                         | Other                                   |                                                     |        | 6,694        
|                                         |                                         |                                                     |        |              
|                                         |                                         |                                                     | 24,800 |              
|                                         |                                         |                                                     |        |              
|                                         |                                         | Earnings before income tax                          |        |              
|Income tax expense                       |                                         |                                                     | 2,113  |              
|                                         |                                         |                                                     |        |              
|                                         |                                         | Net earnings                                        |        | $            
|                                         |                                         |                                                     |        |              
|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 Stockholders' Equity and Comprehensive Income
Period ended March 31, 2002 and December 31, 2001(Dollars in thousands)

|                                                           |                                     | Preferred stock |   | Common Stock |        | Additional paid-in capital |        | Retained earnings |        | Accumulated other comprehensive income (loss) |       | Unearned compensation |        | Treasury stock |         | Total |        
|---------------------------------------------------------- | ----------------------------------- | --------------- | - | ------------ | ------ | -------------------------- | ------ | ----------------- | ------ | --------------------------------------------- | ----- | --------------------- | ------ | -------------- | ------- | ----- | -------
|Balance at December 31, 2000                               |                                     |                 |  |              | 38,286 |                            | 75,523 |                   | 64,198 |                                               | 836   |                       | (3,802 | )              | (5,795  | )     | 162,246
|Net income for 2001                                        |                                     |                 |  |              |       |                            |       |                   | 5,970  |                                               |      |                       |       |                |        |       | 5,970  
|Change in unrealized gain on available-for-sale securities |                                     |                 |  |              |       |                            |       |                   |       |                                               | 519   |                       |       |                |        |       | 519    
|                                                           |                                     |                 |   |              |        |                            |        |                   |        |                                               |       |                       |        |                |         |       |        
|                                                           | Total comprehensive income for 2001 |                 |   |             |        |                           |        |                  |        | 5,970                                         |       | 519                   |        |               |         |      |        
|Exercise of 36,887 stock options                           |                                     |                 |  |              | 37     |                            | 173    |                   |       |                                               |      |                       |       |                |        |       | 210    
|Purchase of 874,000 shares of treasury stock               |                                     |                 |  |              |       |                            |       |                   |       |                                               |      |                       |       |                | (5,397  | )     | (5,397 
|Decrease in unearned compensation                          |                                     |                 |  |              |       |                            |       |                   |       |                                               |      |                       |       |                |        |       |       
|Dividends paid ($0.02 per common share)                    |                                     |                 |  |              |       |                            |       |                   | (735   | )                                             |      |                       |       |                |        |       | (735   
|                                                           |                                     |                 |   |              |        |                            |        |                   |        |                                               |       |                       |        |                |         |       |        
|Balance at March 31, 2001                                  |                                     |                 |  |              | 38,323 |                            | 75,696 |                   | 69,433 |                                               | 1,355 |                       | (3,802 | )              | (11,192 | )     | 169,813
|Balance at December 31, 2001                               |                                     |                 |  |              | 38,352 |                            | 75,955 |                   | 85,721 |                                               | (8    | )                     | (3,440 | )              | (30,935 | )     | 165,645
|Net earnings for 2002                                      |                                     |                 |  |              |       |                            |       |                   | 6,007  |                                               |      |                       |       |                |        |       | 6,007  
|Change in unrealized gain on available-for-sale securities |                                     |                 |  |              |       |                            |       |                   |       |                                               | (196  | )                     |       |                |        |       | (196   
|                                                           |                                     |                 |   |              |        |                            |        |                   |        |                                               |       |                       |        |                |         |       |        
|                                                           | Total comprehensive income for 2001 |                 |   |             |        |                           |        |                  |        | 6,007                                         |       | (196                  | )      |               |         |      |        
|Exercise of 51,927 stock options                           |                                     |                 |  |              | 52     |                            | 56     |                   |       |                                               |      |                       |       |                |        |       | 108    
|Purchase of 304,500 shares of treasury stock               |                                     |                 |  |              |       |                            |       |                   |       |                                               |      |                       |       |                | (2,185  | )     | (2,185 
|Decrease in unearned compensation                          |                                     |                 |  |              |       |                            |       |                   |       |                                               |      |                       | (5,350 | )              |        |       | (5,350 
|Dividends paid ($0.08 per common share)                    |                                     |                 |  |              |       |                            |       |                   | (771   | )                                             |      |                       |       |                |        |       | (771   
|                                                           |                                     |                 |   |              |        |                            |        |                   |        |                                               |       |                       |        |                |         |       |        
|Balance at December 31, 2001                               |                                     | $               |  |              | 38,404 |                            | 76,011 |                   | 90,957 |                                               | (204  | )                     | (8,790 | )              | (33,120 | )     | 163,258
|                                                           |                                     |                 |   |              |        |                            |        |                   |        |                                               |       |                       |        |                |         |       |        

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 Three Months Ended
(In thousands)
(unaudited)

|                                                                                    |                                                                                               | March 31, 2002                                 |                                                     | March 31, 2001 |        
|----------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------- | ---------------------------------------------- | --------------------------------------------------- | -------------- | -------
|Cash flows from operating activities:                                               |                                                                                               |                                                |                                                     |                |        
|                                                                                    | Net Earnings                                                                                  |                                                | $                                                   | 6,007          |        
|                                                                                    | Adjustments to reconcile net earnings to net cash provided by (used in)                       |                                                |                                                     |                |        
|                                                                                    | Operating activities, net of purchase acquisitions:                                           |                                                |                                                     |                |        
|                                                                                    | Provision for loan losses                                                                     |                                                |                                                     |                |        
|                                                                                    | (Gains) on sales of securities                                                                |                                                |                                                     | (534           | )      
|                                                                                    | Amortization of investment securities' premiums, net of accretion                             |                                                |                                                     | (19            | )      
|                                                                                    | Depreciation                                                                                  |                                                |                                                     | 1,509          |        
|                                                                                    | Amortization of intangible assets                                                             |                                                |                                                     | 127            |        
|                                                                                    | Amortization of goodwill                                                                      |                                                |                                                     |               |        
|                                                                                    | (Gain) on sale of mortgage loans, net                                                         |                                                |                                                     | (696           | )      
|                                                                                    | Bank owned life insurance                                                                     |                                                |                                                     | (1,103         | )      
|                                                                                    | Net (increase) decrease in trading securities                                                 |                                                |                                                     | 3,971          |        
|                                                                                    | Proceeds from sale of loans held for sale                                                     |                                                |                                                     | 28,058         |        
|                                                                                    | Origination of loans held for sale, net of repayments                                         |                                                |                                                     | (55,623        | )      
|                                                                                    | Other changes:                                                                                |                                                |                                                     |                |        
|                                                                                    |                                                                                               | Accrued interest receivable and other assets   |                                                     |                | 6,278  
|                                                                                    |                                                                                               | Accrued interest payable and other liabilities |                                                     |                | 2,704  
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|                                                                                    |                                                                                               |                                                | Net cash provided by (used in) operating activities |                |        
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|Cash flows from investing activities:                                               |                                                                                               |                                                |                                                     |                |        
|                                                                                    | Net increase in loans                                                                         |                                                |                                                     | (157,532       | )      
|                                                                                    | Principal collections and proceeds from maturities of held-to-maturity securities             |                                                |                                                     | 200            |        
|                                                                                    | Principal collections and proceeds from sales and maturities of available-for-sale securities |                                                |                                                     | 232,646        |        
|                                                                                    | Purchases of available-for-sale securities                                                    |                                                |                                                     | (211,527       | )      
|                                                                                    | Purchases of held-to-maturity securities                                                      |                                                |                                                     | (9,306         | )      
|                                                                                    | Net additions to premises and equipment                                                       |                                                |                                                     | (11,501        | )      
|                                                                                    | Proceeds from sale of other assets                                                            |                                                |                                                     |               |        
|                                                                                    | Cash paid, net of cash received, in purchase acquisition                                      |                                                |                                                     |               |        
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|                                                                                    |                                                                                               |                                                | Net cash provided by (used) in investing activities |                |        
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|Cash flows from financing activities:                                               |                                                                                               |                                                |                                                     |                |        
|                                                                                    | Increase (decrease) in deposits                                                               |                                                |                                                     | 216,465        |        
|                                                                                    | Net increase (decrease) in short-term borrowings                                              |                                                |                                                     | (28,999        | )      
|                                                                                    | Proceeds From FHLB & long-term borrowings                                                     |                                                |                                                     | 25,863         |        
|                                                                                    | Payment on FHLB & long-term borrowings                                                        |                                                |                                                     |               |        
|                                                                                    | Proceeds from issuance of common stock                                                        |                                                |                                                     | 241            |        
|                                                                                    | Purchase of treasury stock                                                                    |                                                |                                                     | (2,185         | )      
|                                                                                    | Dividends paid                                                                                |                                                |                                                     | (675           | )      
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|                                                                                    |                                                                                               |                                                | Net cash provided by (used) in financing activities |                |        
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|                                                                                    |                                                                                               |                                                | Increase (decrease) in cash and cash equivalents    |                |        
|                                                                                    |                                                                                               | Cash and cash equivalents, beginning of period |                                                     |                | 73,773 
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|                                                                                    |                                                                                               | Cash and cash equivalents, end of period       |                                                     | $              | 123,177
|                                                                                    |                                                                                               |                                                |                                                     |                |        
|Supplemental schedule of non-cash activities:                                       |                                                                                               |                                                |                                                     |                |        
|Non-cash investing activities related to the securitization of loans held for sale: |                                                                                               |                                                |                                                     |                |        
|                                                                                    | Increase in investment securities                                                             |                                                |                                                     |               |        
|                                                                                    | Decrease in mortgage loans held for sale                                                      |                                                |                                                     |               |        
|Non-cash activities related to purchase acquisitions:                               |                                                                                               |                                                |                                                     |                |        
|                                                                                    | Increase in land, buildings, and equipment                                                    |                                                |                                                     |               |        
|                                                                                    | Increase in other assets                                                                      |                                                |                                                     |               |        
|                                                                                    | Increase in other liabilities                                                                 |                                                |                                                     |               |        
|                                                                                    | Increase in trading securities                                                                |                                                |                                                     |               |        
|Supplemental Disclosure of Cash Flow Information:                                   |                                                                                               |                                                |                                                     |                |        
|                                                                                    | Cash paid for Interest                                                                        |                                                |                                                     | 24,071         |        
|                                                                                    | Cash paid for Income Taxes                                                                    |                                                |                                                     | 1,717          |        

See accompanying notes to consolidated financial statements.

6

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The
accompanying 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 financial statements included in the Company's 2001 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 financial statements as of March 31, 2002 and for the three months ended March 31, 2002 and 2001 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 months ended March 31, 2002 is not necessarily indicative of the results to be expected for the entire year.

Earnings
per share are computed in accordance with SFAS No. 128,Earnings per Share. Basic earnings per share is based upon the
weighted average number of common shares outstanding during the periods presented. Diluted earnings per share includes the effects of all potentially dilutive common shares outstanding during each
period. Employee stock options are the Company's only potential common share equivalent.

The
shares used in the calculation of basic and diluted income per share for the three months ended March 31, 2002 and 2001 are shown below (in thousands):

|                                                                        |  | 2002   |  | 2001  
|----------------------------------------------------------------------- |  | ------ |  | ------
|Weighted average common shares outstanding                              |  | 33,733 |  | 37,000
|Stock options                                                           |  | 65     |  | 38    
|                                                                        |  |        |  |       
|Weighted average common shares and Common share equivalents outstanding |  | 33,798 |  | 37,038

The
following table presents information about the Company's intangible assets which are being amortized in accordance with Statement of Financial Accounting Standards (SFAS)
No. 142.

|                                                          |       | March 31, 2002 |       | March 31, 2001
|--------------------------------------------------------- | ----- | -------------- | ----- | --------------
|
|
|Amortized intangible assets:                              |       |                |       |               
|Core deposit premium                                      |       | $              | 4,900 |               
|                                                          |       |                |       |               
|                                                          | Total |                | $     | 4,900         
|Aggregate amortization expense for the Three-months ended |       |                |       |               

7

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Estimated amortization expense for the Years ended:

|2002 |  | $277,085
|---- |  | --------
|2003 |  | $277,085
|2004 |  | $277,085
|2005 |  | $277,085
|2006 |  | $277,085

As required by SFAS 142, the Company discontinued recording goodwill amortization effective January 1, 2002. The following tables compare results of
operations as if no goodwill amortization had been recorded in 2001.

For the Three
Months Ended
March 312002

2001(In thousands
except per share data)Reported net income

$
6,007


5,970Add back goodwill amortization





530Adjusted net income

$
6,007

$
6,500Basic earnings per share:Reported net income

$
0.18

$
0.16Add back goodwill amortization





0.01Adjusted net income

$
0.18

$
0.17Diluted earnings per shareReported net income

$
0.18

$
0.16Add back goodwill amortization





0.01Adjusted net income

$
0.18

$
0.17


Comprehensive
income was $5.8 million and $6.5 million for the three months ended March 31, 2002 and 2001, respectively. The difference between 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. During the three
months ended March 31, 2002, and 2001, the Company recorded reclassification adjusments of $342,000 and 626,000 associated with gains included in net income for the period.

Ott Financial Corporation.On March 30, 2001, Gold Capital Management, our wholly owned subsidiary, acquired Ott
Financial Corporation of Wichita, Kansas for approximately $2.7 million. Ott was the holding company for Davidson Securities, Inc. and J.O. Davidson and Associates, Inc., which
specialized in public finance advisory and underwriting services. At the time of the acquisition, the companies were all merged into Gold Capital Management. The acquisition was accounted for using
the purchase method of accounting. The excess of cost over fair value of the underlying net assets acquired was $1.5 million. Ott had total assets of approximately $1.3 million at the
time of the acquisition.

Information Products, Inc.On April 26, 2001, CompuNet Engineering, a wholly owned subsidiary of our Company,
acquired the assets of Information Products for approximately $1 million. Information Products provides technology services, including LAN, WAN, product support, telecommunication line

8

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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 was approximately $822 thousand.

North American Savings Bank.On July 27, 2001, Gold Bank-Kansas entered into an agreement with North
American Savings Bank, F.S.B., Grandview, Missouri, to purchase North American's deposit base of approximately $51 million and physical assets at 8840 State Line Road, Leawood, Kansas. The
excess of cost over fair value of the underlying assets acquired was approximately $4.9 million. Such amount has been recorded as other intangible assets and is being amortized over ten years.

Merger of Provident Savings into Gold Bank-Kansas.On July 6, 2001, Provident Bank, F.S.B., a federal
savings bank and our wholly-owned subsidiary, merged with and into Gold Bank-Kansas. As a result of the merger, Provident Bank's two offices in St. Joseph, Missouri became branch offices
of Gold Bank-Kansas. In connection with the Provident merger, the REIT-related subsidiaries of Gold Bank-Kansas and Provident Bank were combined. Gold
Bank-Kansas' wholly-owned subsidiary, Gold IHC, Inc., a Nevada corporation, merged with and into Provident Bank's wholly-owned subsidiary, Gold IHC-I, LLC, a Delaware
limited liability company. Also, Gold RE Holdings, Inc., a Nevada corporation and REIT subsidiary of Gold IHC, Inc., merged with and into Gold RE Holdings-I, Inc., a
Delaware limited liability company and REIT subsidiary of Gold IHC-I, LLC. As a result of these two REIT-related mergers, Gold IHC-I, LLC became a wholly-owned
subsidiary of Gold Bank-Kansas, and Gold RE Holdings-I, LLC remained a subsidiary of Gold IHC-I, LLC. Gold IHC-I, LLC and Gold RE Holding, LLC now
conduct our REIT operations from offices in St. Joseph, Missouri.

Sales of Rural Branches.In January 2002, we entered into contracts to sell branches of Gold Bank-Kansas
located in rural Kansas. Bank branches in Oberlin, Colby and Norcatur, with deposits of $27.3, $12.6, and $8.9 million, respectively, are being sold to one purchaser. The branch in Alma, with
deposits of $23.3 million, is being sold to a second purchaser. The branch sales are expected to close in the second quarter of 2002, pending final regulatory approval.

On
March 7, 2001, we announced we were commencing a common stock repurchase program whereby we may acquire up to 1,839,000 shares of common stock or approximately 5% of the shares
currently outstanding. We completed the repurchase program in August 2001 at prices ranging from $6.55 to $7.85. On September 17, 2001, we announced the approval of another common stock
repurchase program whereby we may acquire up to 1,750,336 additional shares of our common stock, or approximately 5% of the outstanding shares. The shares may be purchased from time to time over the
next 12 months in the open market at prevailing market prices or in privately negotiated transactions. The extent and timing of any repurchases will depend on market conditions and other
factors. At March 31, 2002, we had 373,426 shares available to be purchased under the second common stock repurchase program. At March 31, 2002, we had acquired 3,921,510 shares under
these programs at prices ranging from $6.55 to $7.85 per share.

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 $4,024,000 in the year ended December 31, 2000. Details of the Kansas and Oklahoma repositioning accrual at March 31, 2002 and 2001 are as follows (in
thousands):

|                                         |  |   |     | Activity for
Quarter Ended
March 31, 2002 |   | 
|---------------------------------------- |  | - | --- | ----------------------------------------- | - | 
|
|
|
|Salaries, benefits and severance         |  | $ | 177 |                                           |  | 
|Asset write-downs and lease abandonments |  |   |    |                                           |  | 
|                                         |  |   |     |                                           |   | 
|                                         |  | $ | 177 |                                           |  | 

|                                         |  |   |     | Activity for
Quarter Ended
March 31, 2001 |   |  
|---------------------------------------- |  | - | --- | ----------------------------------------- | - | -
|
|
|Salaries, benefits and severance         |  | $ | 392 |                                           | $ | 0
|Asset write-downs and lease abandonments |  |   | 24  |                                           |   | 0
|Other repositioning expenses             |  |   | 227 |                                           |   | 0
|                                         |  |   |     |                                           |   |  
|                                         |  | $ | 643 |                                           | $ | 0

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 2000. Details of the Gold Banc Mortgage closing accrual at March 31, 2002 are as follows (in thousands):

|                                 |  |   |    | Activity for
Quarter Ended
March 31, 2001 |   | 
|-------------------------------- |  | - | -- | ----------------------------------------- | - | 
|
|
|Salaries, benefits and severance |  | $ | 39 |                                           |  | 

|                                                      |  |   |       | Activity for
Quarter Ended
March 31, 2002 |   |  
|----------------------------------------------------- |  | - | ----- | ----------------------------------------- | - | -
|
|
|Salaries, benefits and severance                      |  | $ | 341   |                                           | $ | 0
|Asset and goodwill write-downs and lease abandonments |  |   | 253   |                                           |   | 0
|Other closing expenses                                |  |   | 1,493 |                                           |   | 0
|                                                      |  |   |       |                                           |   |  
|                                                      |  | $ | 2,087 |                                           | $ | 0

On
January 2, 2002, the Company announced the completion of purchase and assumption agreements for the sale of four Kansas branch locations. The Company has reached agreement with
the Bank of Oberlin, Kansas for the purchase of the Colby, Oberlin, and Norcatur, Kansas branch locations, and also reached agreement with Stockgrowers State Bank of Maple Hill, Kansas for the
purchase of the Alma, Kansas branch location. The sales are expected to be finalized in the second quarter 2002, pending regulatory approval.

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On
April 24, 2002 the Board of Directors declared a $0.02 cash dividend on common stock to shareholders of record as of May 7, 2002, payable on May 14, 2002.



The following legal proceedings all relate to our acquisition of Regional Holding Company, Inc. in 1999. We purchased all of the capital stock of Regional
Holding from Brad D. Ives, David W. Murrill and Robert E. McGannon on August 2, 1999, for a purchase price of approximately $13.2 million, pursuant to a Stock Purchase Agreement, dated
July 1, 1999, between us, Regional Holding and Ives, Murrill and McGannon (the "Regional Acquisition").

The First Regional Arbitration.We prosecuted a claim against Ives, Murrill and McGannon, which was filed before the American
Arbitration Association ("AAA") in June 2000. We asserted a claim for breach of the representations and warranties made in the Stock Purchase Agreement. Ives, Murrill and McGannon asserted a
counterclaim for breach of certain promissory notes issued by us to them as part of the acquisition, seeking a principal amount of $4.08 million, plus interest. Ives, Murrill and McGannon also
counter-claimed for declaratory judgment related to our set-off of our claim against the notes, and for fraud in connection with amendments to the notes, Ives' and McGannon's employment
agreements and the Stock Purchase Agreement.

We
also gave Ives, Murrill and McGannon notice invoking an alternative dispute resolution ("ADR") provision of the Stock Purchase Agreement over the application of generally accepted
accounting principles to the financial statements of Regional Holding. The accounting dispute affects the contract
formula for calculating the purchase price. We demanded that Ives, Murrill and McGannon join in submitting the dispute to Ernst & Young, LLP, as set forth in the Stock Purchase Agreement. Ives,
Murrill and McGannon disputed the timeliness of the demand, and asked the AAA Panel to declare that we had not timely invoked the procedure.

We
obtained an award in our favor after an arbitration hearing held July 16-24, 2001. A three-person AAA panel made an award in our favor canceling the
$4.08 million promissory notes from us to Ives, Murrill and McGannon, and awarding us additional damages of $489,000 against Ives, Murrill and McGannon. In addition, the AAA panel ruled in our
favor on all of Ives', Murrill's and McGannon's counter-claims. The AAA panel denied a request for costs and fees, and denied a motion to reallocate or amend the award. As a result of the AAA panel's
ruling, we recorded the cancellation of the notes payable and the monetary award as a reduction of other expense in the third quarter of 2001. With respect to the accounting dispute, the AAA panel
ruled in our favor, 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.

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Civil Court Challenges of First Arbitration Award.On November 9, 2001, Ives and Murrill filed a
Petition to Vacate or
Modify Arbitration Award in Jackson County, Missouri District Court. On November 13, 2001, McGannon, who now is represented by separate counsel from Ives and Murrill, filed a virtually
identical Petition to Vacate or Modify Arbitration Award, also in Jackson County. The petitions seek to have the court set aside the AAA panel's award on the grounds that the panel exceeded its
authority and/or violated the Ives', Murrill's and McGannon's due process rights in making the award. We answered the petitions and asserted counterclaims on December 3, 2001. Our counterclaim
seeks confirmation of the arbitration award, interest on the award from August 31, 2001 until the final judgment and its fees and costs incurred in defending this challenge. Ives and Murrill
replied to our counterclaim on December 10, 2001. McGannon filed his reply on December 28, 2001. We filed motions for summary judgment on January 8, 2002. Ives and Murrill opposed
our motion and filed a cross motion for summary judgment on March 11, 2002. McGannon opposed our motion and filed a cross motion for summary judgment on March 21, 2002. In
April 2002, we responded to these pleadings and participated in a hearing to (i) discuss the status of summary judgment briefing and (ii) schedule a tentative trial date in
June 2002. The standard Ives, Murrill and McGannon must meet to vacate or modify the award is high. We consider our position in these cases to be strong.

Civil Fraud and Employment Claims Suit.Ives, Murrill and McGannon filed a civil case on September 5, 2000 against
Gold Banc Mortgage, Inc., Michael Gullion and Jerry Bengtson ("Defendants") in the Circuit Court of Jackson County, Missouri. As subsequently amended, Ives, Murrill and McGannon in the Jackson
County case allege three counts:



We
have answered, denying the claims against us and asserting affirmative defenses. In light of the result in the First Regional Arbitration, we believe that our defenses to the fraud
claim are strong and that the plaintiffs' fraud claim is without merit.

Second Regional Arbitration.We filed a second arbitration claim against Ives, Murrill and McGannon before the American
Arbitration Association on January 10, 2002. We have asserted:



These
breaches of representations and warranties and claims for indemnification arose, or were discovered, after the First Arbitration was filed, and were not litigated or decided in the
first arbitration. We seek damages in the amount of $616,594.25 and our attorneys' fees. On February 8, 2002, McGannon responded to our claim with a general denial of the allegations. Ives and
Murrill also

12

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responded on February 8, 2002 with a general denial of the allegations, a counterclaim alleging that we willfully breached the Stock Purchase Agreement and our duties thereunder, and a prayer
for a declaratory judgment and compensatory and punitive damages. We have responded with a denial of all Ives's and Murrill's counterclaims. We expect to select arbitrators in the near future.

CUNA Trademark Lawsuit

We 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 our MORE THAN MONEY service mark. Suit was filed to protect our rights against infringement by CUNA and other infringers. The lawsuit alleges CUNA has infringed our 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 us for corrective advertising. CUNA filed its Answer to the Complaint on September 17, 2001. At the conclusion of discovery
in March 2002, we
participated in a court ordered mediation but were unable to reach a resolution. We have agreed to revisit the possibility of settlement at a later date following additional discovery. The matter has
been set for a final pretrial conference in September 2002 and has been placed on the January 2003 trial docket of the presiding judge. We cannot predict with certainty the outcome of
this litigation.

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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 month period ended March 31, 2002. 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 2001 Annual Report on Form 10-K.
Results of operations for the three month period ended March 31, 2002 are not necessarily indicative of results to be attained for any other period.

SUMMARY

Consolidated net income for the first three months of 2002 was $6 million; a $37 thousand increase over the first three months of 2001. Diluted
earnings per share was $0.18 for the first three months of 2002 compared to $0.16 per share for the first three months of 2001. The return on average assets and equity was 0.78% and 14.59%,
respectively, for the three months ended March 31, 2002 compared to 0.90% and 14.36%, respectively, for the three months ended March 31, 2001.

RESULTS OF OPERATIONS

Net Interest Income

Total interest income for the three months ended March 31, 2002 was $48.0 million; a $5.0 million or 9.5% decrease over the three months
ended March 31, 2001. The decrease was attributable to a reduction of $5.1 million in interest income on loans due to interest rate declines compared to the first three months of 2001,
which was partially offset by an increase in average loans outstanding during the three months ended March 31, 2002. Interest income on investment securities increased $1.2 million
compared to the first three months of 2001 while other interest income decreased $1.1 million
comparing the same periods. Average loans increased $337.3 million or 17.7% while average investments and other earning assets increased $51.3 million or 8.83% compared to the three
months ended March 31, 2001.

Total
interest expense for the three months ended March 31, 2002 was $23.8 million; a $6.9 million or 22.4% decrease over the three months ended March 31,
2001. The decrease was attributable to interest rate declines on interest bearing deposits compared to the first three months of 2001. Average interest bearing deposits increased $238.6 million
or 12.67% and average borrowings increased $156.2 million or 30.65% compared to the three months ended March 31, 2001.

Net
interest income was $24.1 million for the three months ended March 31, 2002, compared to $22.3 million for the same period in 2001; an increase of 8.4%. The
Company's net interest margin decreased from 3.68% for the three months ended March 31, 2001 to 3.44% for the three months ended March 31, 2002. The increase in net interest income and
decrease in net interest margin was the result of a combination of factors. Average interest bearing liabilities increased $98.2 million more than average interest earning assets. In addition,
the Company's interest earning assets reprice more quickly than its interest bearing liabilities. These two factors in the current declining interest rate environment have resulted in a decrease in
both net interest income and the net interest margin in the quarter ended March 31, 2002.

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 71.6%
of the Company's total assets as of March 31, 2002. Credit losses are inherent in the lending business. The risk of loss will vary with

14

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general economic conditions, the type of loan being made, 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 potential 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 and could result in the inability to pay dividends, among other adverse consequences.

The
Company considers non-performing assets to include non-accrual loans, other loans past due 90 days or more as to principal and interest, other real
estate owned and repossessed assets. Total non-performing loans were $21.0 million and $23.0 million at March 31, 2002 and December 31, 2001, respectively.
Total non-performing loans were .89% and 1.06% of gross loans at March 31, 2002 and December 31, 2001, respectively. Total non-performing assets were
$24.9 million and $27.5 million at March 31, 2002 and December 31, 2001, respectively. Total non-performing assets were .77% and .91% of total assets at
March 31, 2002 and December 31, 2001, respectively.

The
allowance for loan losses totaled $28.1 million and $26.1 million at March 31, 2002 and December 31, 2001, respectively, and represented 1.20% and 1.21%
of total loans at each date. The provision for loan losses for the three months ended March 31, 2002, was $5.0 million compared to $2.5 million for the three months ended
March 31, 2001. The increase in provision for loan loss of $2.5 million for the quarter ended March 31, 2002 was due primarily to the increase in loan growth by
$183 million during the period. Net charge-offs for the three months ended March 31, 2002 were $3.0 million compared to $3.6 million for the three months ended
March 31, 2001. The decrease in net charge-offs for the three months ended March 31, 2002 is the direct result of management's continued efforts to upgrade the Company's
existing credit standards. Management has continued to review the loan portfolios of the banks, to increase the provision and to charge-off those credits when collection is considered to
be doubtful.

Other Income

Other income for the three months ended March 31, 2002 was $13.8 million; an increase of $3.8 million, or 38.1% over the same period last
year. The increase in other income resulted from an increase in service fees of $1.4 million compared with the first quarter of 2001 and a $71 thousand decline in investment trading fees
and commissions. Net securities gains from related securities sales declined $445 thousand. The most significant change was an increase in sales from information technology sales which
increased from $1.4 million in the first quarter of 2001 to $4.9 million in the first quarter of 2002. This increase was the result of increased sales revenue derived from the sales of
IPI which was acquired in the second quarter of 2001.

15

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Other Expense

Other expense for the three months ended March 31, 2002 was $24.8 million; an increase of $4.4 million, or 21.4% from the same period last
year. Salaries and employee benefits increased from $10.6 million in the first quarter of 2001 to $11.9 million in the first quarter of 2002, or an increase of $1.3 million.
Goodwill expense was $530 thousand during the first quarter of 2001which was reduced to zero in 2002 due to the adoption of a new accounting standard. The primary increase was a
$2.4 million increase in information technology services which directly related to the cost of sales component of the $3.5 million increase in information technology service revenues as
described in the preceding section. The remaining expenses classified as other expense increased from $5.5 million to $6.7 million.

Income Tax Expense

Income tax expense for the three months ended March 31, 2002 and 2001 was $2.1 million and $3.3, respectively. The effective tax rate for each time
period was 26.0% and 35.8%, respectively. The first quarter's effective tax rate for 2002 was lower than 2001 because of savings on state taxes from REIT activities as well as non-taxable
income from the bank owned life insurance policies and also due to the cessation of amortization of non-deductible goodwill.

FINANCIAL CONDITION

From December 31, 2001 to March 31, 2002, total assets grew from $3.0 billion to $3.2 billion, respectively. Net loans increased from
$2.1 billion to $2.3 billion, respectively. Deposits have increased from $2.2 billion to $2.4 billion, respectively. Investment securities were $572.8 million at
March 31, 2002, compared to $588.8 million at December 31, 2001; a decrease of $16.0 million or 2.8%. Total long and short-term borrowings increased
$2.2 million or 0.3% from December 31, 2001.

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. Intermediate term liquidity is provided by the Banks' investment
portfolios. 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. The Company has a $25 million line of credit with a correspondent bank with no outstanding borrowings at March 31, 2002. Total loans increased $183 million
compared to December 31, 2001 while total deposits
increase $216 million compared to the same period. Even with this increase in the balance sheet, the basic liquidity ratio for March 31, 2002 was 15.31% compared to our internal policy
minimum of 15.00%.

Cash
and cash equivalents and investment securities totaled $696.0 million, or 21.5% of total assets at March 31, 2002 compared to $662.6 million, or 22.0% at
December 31, 2001. Cash used by operating activities for the three months ended March 31, 2002 was $4.3 million, consisting primarily of net earnings and proceeds from the sale of
loans. Cash used by investing activities was $157.0 million, consisting primarily of an increase in loans of $157.5 million. Cash provided by financing activities was
$210.7 million, consisting primarily of an increase in deposits of $216.4 million, and an increase in long-term borrowings of $31.2 million.

16

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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 March 31, 2002 were 10.54%, 7.14% and 5.81%, respectively. These same ratios at December 31, 2001 were 11.41%, 7.85% and 6.27%, respectively.
Total loans increased $183 million compared to December 31, 2001 while total deposits increase $216 million compared to the same period. Even with this increase in the balance
sheet, the company ratios exceed the levels to be well capitalized. 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 March 31, 2002, the subsidiaries could pay $26.1 million in 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, we announced we were commencing a common stock repurchase program whereby we may acquire up to 1,839,000 shares of common stock or approximately 5% of the shares
currently outstanding. We completed the repurchase program in August 2001 at prices ranging from $6.55 to $7.85. On September 17, 2001, we announced the approval of another common stock
repurchase program whereby we may acquire up to 1,750,336 additional shares of our common stock, or approximately 5% of the outstanding shares. The shares may be purchased from time to time over the
next 12 months in the open market at prevailing market prices or in privately negotiated transactions. The extent and timing of any repurchases will depend on market conditions and other
factors. At March 31, 2002, we had 373,426 shares available to be purchased. At March 31, 2002, we had acquired 3,921,510 shares under these programs at prices ranging from $6.55 to
$7.85 per share.

ACCOUNTING AND FINANCIAL REPORTING

Effective January 1, 2002, the Company adopted Statement of Accounting Standards No.142, "Goodwill and Other Intangible Assets". SFAS 142 requires
that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead tested for impairment at least annually. It also requires that intangible assets with estimatable
useful lives be amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment. The Statement requires the Company to perform an assessment of
whether there is an indication that goodwill is impaired as of January 1, 2002. To accomplish this, the Company must identify its reporting units and determine the carrying value of each
reporting unit by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of January 1, 2002. The Company has identified their
reporting units to be at the individual subsidiary basis. The Statement allows until June 30, 2002, to determine the fair value of each reporting unit and compare it to the carrying amount of
the reporting unit. To the extent the carrying amount of a reporting unit exceeds the fair value of the reporting unit, an indication exists that the reporting unit goodwill may be impaired and the
Company must perform the second step of the transitional impairment test. In the second step, the Company must compare the implied fair value of the reporting unit goodwill with the carrying amount of
the reporting unit goodwill, both of which would be measured as of January 1, 2002. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit to all of
the assets (recognized and unrecognized) and liabilities of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair
value of the reporting unit goodwill. This second step is required to be completed as soon as possible, but no later than the

17

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end of 2002. Any transitional impairment loss must be recognized as the cumulative effect of a change in accounting principle in the Company's 2002 statement of income. Because of the extensive
effort needed to comply with adopting Statement 142, it is not practical to reasonably estimate the impact of adopting this Statement on the Company's financial statements at the date of this report,
including whether it will be required to recognize any transitional impairment losses as the cumulative effect of a change in accounting principle.

SFAS
No. 144 "Accounting for the Impairment of Disposal of Long-Lived Assets" was adopted by the Company on January 1, 2002. The Statement established a single
accounting model for all long-lived assets to be disposed of by sale, which is to measure a long-lived asset classified as held for sale at the lower of its carrying amount or
fair value less cost to sell and to cease depreciation. The Statements also establishes criteria to determine when a long-lived asset is held for sale and provides additional guidance on
accounting for such specific circumstances. The adoption of the new Statement, did not have a significant effect on earnings or the financial position of the Company.

Critical Accounting Policies

The Company's accounting policies are fundamental to understanding management's discussion and analysis of results of operations and financial condition. Many of
the Company's accounting policies require significant judgment regarding valuation of assets and liabilities. A summary of significant accounting policies is listed in the first note to the
consolidated financial statements in the Company's
2001 Annual Report on Form 10-K. Critical accounting policies are both most important to the portrayal of the Company's financial condition and results, and require management's
most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. The Company's most critical accounting
policy relates to the allowance for loan losses and involves significant management valuation judgments. The Company performs periodic and systematic detailed reviews of its lending portfolio to
assess overall collectability. The level of the allowance for loan losses reflects the Company's estimate of the collectability of the loan portfolio. Further discussion of the methodologies used in
establishing this reserve is contained in the Provision/Allowance for Loan Losses section of this report.

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Forward-Looking Statements

This report, including information included or incorporated by reference in this report, contains certain forward-looking statements with respect to the financial
condition, results of operations, plans, objectives, future performance and business of our Company and its subsidiaries, including, without limitation:



Forward-looking
statements are not guarantees of future performance or results. They involve risks, uncertainties and assumptions. Actual results may differ materially from those
contemplated by the forward-looking statements due to, among others, the following factors:



We
have described under "Factors That May Affect Future Results of Operations, Financial Condition or Business" additional factors that could cause actual results to be materially
different from those described in the forward-looking statements. Other factors that we have not identified in this report could also have this effect. You are cautioned not to put undue reliance on
any forward-looking statement which speaks only as of the date it was made.

Factors That May Affect Future Results of Operations, Financial Condition or Business

We are identifying important risks and uncertainties that could affect our Company's results of operations, financial condition or business and that could cause
them to differ materially from our Company's historical results of operations, financial condition or business, or those contemplated by forward-looking statements made herein or elsewhere, by, or on
behalf of, our Company. Factors that could cause or contribute to such differences include, but are not limited to, those factors described below.

There is no assurance we can maintain our growth rate.

It may be difficult for us to maintain our rapid rate of growth. We have completed several acquisitions in the past few years that have significantly enhanced our
rate of growth. We cannot be certain that we will continue to sustain this rate of growth or grow at all. Competition for suitable acquisition candidates is intense. We are targeting acquisition
candidates, particularly in the metropolitan and suburban areas, that a variety of larger financial institutions are also interested in acquiring.

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We
continue to review potential acquisition candidates and hold preliminary discussions with several of these candidates. We cannot assure you that any of these discussions will be
successful. We may not be
successful in identifying acquisition candidates or be able to acquire banks and financial services businesses on terms we feel are favorable.

The
rural market areas we now serve afford limited, if any, opportunities for growth. We believe future growth in our revenues and net earnings will depend on our growth in the
metropolitan and suburban market areas where we have locations in addition to acquisitions. The financial institutions in these metropolitan and suburban areas also compete intensely for assets and
deposits. This competition may adversely affect our ability to grow our asset and deposit base profitability.

Loss of key personnel could have an adverse effect.

The loss of certain key personnel could adversely affect our operations. Our success depends in large part on the retention of a limited number of key persons,
including: Michael W. Gullion, our Chairman and Chief Executive Officer; Malcolm M. Aslin, our President and Chief Operating Officer; and Rick J. Tremblay, our Executive Vice President and Chief
Financial Officer. We will likely undergo a difficult transition period if we lose the services of any or all of these individuals. In recognition of this risk, we own, and are the beneficiary of, an
insurance policy on the life of Mr. Gullion providing death benefits of $3.5 million and have entered into employment agreements with Messrs. Gullion and Aslin.

We
also place great value on the experience of the presidents of our subsidiaries and the branches of our subsidiaries and on their relationships with the communities they serve. The
loss of these key persons could negatively impact the affected banking locations. There is no assurance we will be able to retain our current key personnel or attract additional qualified key persons
as needed.

Local economic conditions could adversely affect operations.

Changes in the local economic conditions could adversely affect our loan portfolio. Our success depends to a certain extent upon the general economic conditions
of the local markets that we serve. Unlike larger banks that are more geographically diversified, we provide banking and financial services to customers in those markets in Kansas, Oklahoma, Missouri
and Florida, including a number of rural markets, where our subsidiary banks operate or are expected to operate. Our commercial, real estate and construction loans, and the ability of the borrowers to
repay these loans and the value of the collateral securing these loans, are impacted by the local economic conditions. In the rural markets we serve, the predominant economic sector is agriculture. We
cannot assure you that favorable economic conditions will exist in such markets.

Allowance for loan losses may not be adequate.

Our allowance for loan losses may not be adequate to cover actual loan losses. As a lender, we are exposed to the risk that our customers will be unable to repay
their loans according to their terms and that any collateral securing the payment of their loans may not be sufficient to assure repayment. Credit losses are inherent in the lending business and could
have a material adverse effect on our operating results. Our credit risk with respect to our real estate and construction loan portfolio relates principally to the general creditworthiness of
individuals and the value of real estate serving as security for the repayment of loans. Our credit risk with respect to our commercial and consumer installment loan portfolio relates principally to
the general creditworthiness of businesses and individuals within our local markets.

We
make various assumptions and judgments about the collectability of our loan portfolio and provide an allowance for potential losses based on a number of factors. If our assumptions
are wrong, our allowance for loan losses may not be sufficient to cover our loan losses. We may have to increase

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the allowance in the future. Material additions to our allowance for loan losses would decrease our net earnings.

Changes in interest rates could adversely affect profitability.

We may be unable to manage interest rate risk that could reduce our net interest income. Like other financial institutions, our results of operations are impacted
principally by net interest income, which is the difference between interest earned on loans and investments and interest expense paid on deposits and other borrowings. We cannot predict or control
changes in interest rates. Regional and local economic conditions and the policies of regulatory authorities, including monetary policies of the Federal Reserve, affect interest income and interest
expense. Interest rate cuts by the Federal Reserve throughout 2001 have generally reduced our net interest income. While we continually take measures intended to manage the risks from changes in
market interest rates, changes in interest rates can still have a material adverse effect on our profitability.

Technological change may impair our competitiveness.

We cannot predict how changes in technology will impact our business. The financial services market, including banking services, is increasingly affected by
advances in technology including developments in: telecommunications; data processing; automation; Internet-based banking; telebanking; and debit cards and so-called "smart cards." Our
ability to compete successfully in the future will depend on whether we can anticipate and respond to technological changes. To develop these and other new technologies, we will likely have to make
additional capital investments. Although we continually invest in new
technology, we cannot assure you that we will have sufficient resources or access to the necessary proprietary technology to remain competitive in the future.

The banking business is highly competitive.

We operate in a competitive environment. In the metropolitan and suburban areas in which we compete, other commercial banks, savings and loan associations, credit
unions, finance companies, mutual funds, insurance companies, brokerage and investment banking firms and other financial intermediaries offer similar services. We also face competition in our rural
markets. Many of these competitors have substantially greater resources and lending limits and may offer certain services our subsidiary banks and businesses do not currently provide. In addition,
some of the non-bank competitors are not subject to the same extensive regulations that govern our subsidiary banks and businesses. Our profitability depends upon the ability of our
subsidiaries to compete in our primary market areas.

Effects of regulatory changes cannot be predicted.

We are subject to extensive regulation. The banking industry is heavily regulated under both federal and state law. These regulations are primarily intended to
protect depositors and the Federal Deposit Insurance Corporation, not our creditors or stockholders. Our non-bank subsidiaries are also subject to the supervision of the Federal Reserve
Board, in addition to other regulatory and self-regulatory agencies including the Securities and Exchange Commission, the National Association of Securities Dealers, and state securities
and insurance regulators. Regulations affecting banks and financial services businesses are undergoing continuous change, and the ultimate effect of such changes cannot be predicted. Regulations and
laws may be modified at any time, and new legislation may be enacted that affects us, our subsidiary banks or our non-bank subsidiaries. We cannot assure you that such modifications or new
laws will not adversely affect us.

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FDIC assessments may adversely affect us and our subsidiary banks.

Our subsidiary banks may be forced to pay for any losses the Federal Deposit Insurance Corporation incurs if it provides assistance to any of our other subsidiary
banks. Federal law contains a "cross guarantee" provision that could require any of our insured subsidiary banks to pay for losses incurred by the Federal Deposit Insurance Corporation if it provides
assistance to another of our insured subsidiary banks or in the event a subsidiary bank fails. If another of our subsidiary banks is assessed for any assistance the Federal Deposit Insurance
Corporation may provide, such assessment could materially effect that subsidiary bank's financial condition as well as ours.

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 March 31, 2002, 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      |  | $                   | 101,626,000 |               | $  | 2,667,000             |  
|100 basis point rise      |  | $                   | 100,755,000 |               | $  | 1,796,000             |  
|Base Rate Scenario        |  | $                   | 98,959,000  |               |    |                      |  
|100 basis point decline   |  | $                   | 94,420,000  |               | ($ | 4,539,000             | )
|200 basis point decline   |  | $                   | 91,263,000  |               | ($ | 7,696,000             | )

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PART II  OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS



The following legal proceedings all relate to our acquisition of Regional Holding Company, Inc. in 1999. We purchased all of the capital stock of Regional
Holding from Brad D. Ives, David W. Murrill and Robert E. McGannon on August 2, 1999, for a purchase price of approximately $13.2 million, pursuant to a Stock Purchase Agreement, dated
July 1, 1999, between us, Regional Holding and Ives, Murrill and McGannon (the "Regional Acquisition").

The First Regional Arbitration.We prosecuted a claim against Ives, Murrill and McGannon, which was filed before the American
Arbitration Association ("AAA") in June 2000. We asserted a claim for breach of the representations and warranties made in the Stock Purchase Agreement. Ives, Murrill and McGannon asserted a
counterclaim for breach of certain promissory notes issued by us to them as part of the acquisition, seeking a principal amount of $4.08 million, plus interest. Ives, Murrill and McGannon also
counter-claimed for declaratory judgment related to our set-off of our claim against the notes, and for fraud in connection with amendments to the notes, Ives' and McGannon's employment
agreements and the Stock Purchase Agreement.

We
also gave Ives, Murrill and McGannon notice invoking an alternative dispute resolution ("ADR") provision of the Stock Purchase Agreement over the application of generally accepted
accounting principles to the financial statements of Regional Holding. The accounting dispute affects the contract formula for calculating the purchase price. We demanded that Ives, Murrill and
McGannon join in submitting the dispute to Ernst & Young, LLP, as set forth in the Stock Purchase Agreement. Ives,
Murrill and McGannon disputed the timeliness of the demand, and asked the AAA Panel to declare that we had not timely invoked the procedure.

We
obtained an award in our favor after an arbitration hearing held July 16-24, 2001. A three-person AAA panel made an award in our favor canceling the
$4.08 million promissory notes from us to Ives, Murrill and McGannon, and awarding us additional damages of $489,000 against Ives, Murrill and McGannon. In addition, the AAA panel ruled in our
favor on all of Ives', Murrill's and McGannon's counter-claims. The AAA panel denied a request for costs and fees, and denied a motion to reallocate or amend the award. As a result of the AAA panel's
ruling, we recorded the cancellation of the notes payable and the monetary award as a reduction of other expense in the third quarter of 2001. With respect to the accounting dispute, the AAA panel
ruled in our favor, 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.

Civil Court Challenges of First Arbitration Award.On November 9, 2001, Ives and Murrill filed a Petition to Vacate or
Modify Arbitration Award in Jackson County, Missouri District Court. On November 13, 2001, McGannon, who now is represented by separate counsel from Ives and Murrill, filed a virtually
identical Petition to Vacate or Modify Arbitration Award, also in Jackson County. The petitions seek to have the court set aside the AAA panel's award on the grounds that the panel exceeded its
authority and/or violated the Ives', Murrill's and McGannon's due process rights in making the award. We answered the petitions and asserted counterclaims on December 3, 2001. Our counterclaim
seeks confirmation of the arbitration award, interest on the award from August 31, 2001 until the final judgment and its fees and costs incurred in defending this challenge. Ives and Murrill
replied to our counterclaim on December 10, 2001. McGannon filed his reply on December 28, 2001. We filed motions for summary judgment on January 8, 2002. Ives and Murrill opposed
our motion and filed a cross motion for summary judgment on March 11, 2002. McGannon opposed our motion and filed a cross motion for summary judgment on March 21, 2002. In
April 2002, we responded to these

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pleadings and participated in a hearing to (i) discuss the status of summary judgment briefing and (ii) schedule a tentative trial date in June 2002. The standard Ives,
Murrill and McGannon must meet to vacate or modify the award is high. We consider our position in these cases to be strong.

Civil Fraud and Employment Claims Suit.Ives, Murrill and McGannon filed a civil case on September 5, 2000 against
Gold Banc Mortgage, Inc., Michael Gullion and Jerry Bengtson ("Defendants") in the Circuit Court of Jackson County, Missouri. As subsequently amended, Ives, Murrill and McGannon in the Jackson
County case allege three counts:



We
have answered, denying the claims against us and asserting affirmative defenses. In light of the result in the First Regional Arbitration, we believe that our defenses to the fraud
claim are strong and that the plaintiffs' fraud claim is without merit.

Second Regional Arbitration.We filed a second arbitration claim against Ives, Murrill and McGannon before the American
Arbitration Association on January 10, 2002. We have asserted:



These
breaches of representations and warranties and claims for indemnification arose, or were discovered, after the First Arbitration was filed, and were not litigated or decided in the
first arbitration. We seek damages in the amount of $616,594.25 and our attorneys' fees. On February 8, 2002, McGannon responded to our claim with a general denial of the allegations. Ives and
Murrill also responded on February 8, 2002 with a general denial of the allegations, a counterclaim alleging that we willfully breached the Stock Purchase Agreement and our duties thereunder,
and a prayer for a declaratory judgment and compensatory and punitive damages. We have responded with a denial of all Ives' and Murrill's counterclaims. We expect to select arbitrators in the near
future.

CUNA Trademark Lawsuit

We 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 our MORE THAN MONEY service mark. Suit was filed to protect our rights against infringement by CUNA and other infringers. The
lawsuit alleges CUNA has infringed our 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

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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 us for corrective advertising. CUNA filed its Answer to the
Complaint on September 17, 2001. At the conclusion of discovery in March 2002, we participated in a court ordered mediation but were unable to reach a resolution. We have agreed to
revisit the possibility of settlement at a later date following additional discovery. The matter has been set for a final pretrial conference in September 2002 and has been placed on the
January 2003 trial docket of the presiding judge. We cannot predict with certainty 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: May 15, 2002 |  | By:                        

(Authorized officer and principal financial officer of the registrant)

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