EXHIBIT 11

Statement Regarding Computation of Per Share Earnings


SOUTHERN MISSOURI BANCORP, INC. AND SUBSIDIARY STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

			Year Ended June 30,
			2002	2001	2000
			(Dollars in thousands)
Basic
	Average shares outstanding		1,192,612	1,229,652	1,277,562
	Net income		$2,308,903	$1,548,602	$1,320,169
	Basic earnings per share		$1.94	$1.26	$1.03
Diluted
	Average shares outstanding		1,192,612	1,229,652	1,277,562
Net effect of dilutive stock options - based on the treasury stock method using the period end market price, if greater than average market price			22,397	10,507	13,496
		Total	1,215,009	1,240,159	1,291,058
	Net income		$2,308,903	$1,548,602	$1,320,169
	Diluted earnings per share		$1.90	$1.25	$1.02