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,
	2005	2004	2003
Basic    Average shares outstanding	2,225,493	2,277,757	2,334,892
Net income	$104,259	$2,882,901	$2,738,218
Basic earnings per share	$ 0.05	$ 1.27	$ 1.17
Diluted    Average shares outstanding	2,225,493	2,277,757	2,334,892
Net effect of dilutive stock options - based on the     treasury stock method using the period end market     price, if greater than average market price	64,255	57,543	63,468
Total	2,289,748	2,335,300	2,398,360
Net income	$104,259	$2,882,901	$2,738,218
Diluted earnings per share	$ 0.05	$ 1.23	$ 1.14