8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)

October 21, 2005

SOUTHERN MISSOURI BANCORP, INC. (Exact name of Registrant as specified in its Charter)
Missouri(State or other jurisdiction of incorporation)	000-23406(Commission File No.)	43-1665523(IRS Employer Identification Number)
531 Vine Street, Poplar Bluff, Missouri (Address of principal executive offices)		63901(Zip Code)
Registrant's telephone number, including area code:        (573) 778-1800
N/A (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	Pre-commencement communications pursuant to Rule 1 4d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))
	Pre-commencement communications pursuant to Rule 1 3e-4(c) under the Exchange Act (17 CFR 240.1 3e-4(c))

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ITEM 2.02	Results of Operations and Financial Condition
	On October 21, 2005, the Registrant issued a press release announcing its earnings for the first quarter of fiscal 2006. A copy of the press release, including unaudited condensed financial information released as a part thereof, is attached as Exhibit 99 to this Current Report on Form 8-K and incorporated by reference herein.
ITEM 9.01	Financial Statements and Exhibits
	(c)	Exhibits
		Exhibit 99 - Press Release, dated October 21, 2005

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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.

	SOUTHERN MISSOURI BANCORP, INC.
Date: October 21, 2005	By: /s/ Greg A. SteffensGreg A. Steffens President

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EXHIBIT INDEX

Exhibit No.	Description
99	Press Release dated October 21, 2005

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EX-99

FOR IMMEDIATE RELEASE	Contact:	Greg Steffens, President
October 21, 2005		(573) 778-1800

SOUTHERN MISSOURI BANCORP REPORTS ON
FIRST QUARTER NET INCOME

BOARD DECLARES QUARTERLY DIVIDEND OF $.09 PER SHARE
        Poplar Bluff, Missouri - Southern Missouri Bancorp, Inc., ("Company") (NASDAQ: SMBC), the parent corporation of Southern Missouri Bank and Trust Co. ("Bank"), today announced net income for the first quarter of fiscal 2006 of $695,000, or $.31 per diluted share as compared to $.35 per diluted share earned during the same period of the prior year. The decrease in diluted earnings per share was primarily due to a 21.9% decrease in non- interest income, partially offset by the 20.0% decrease in provision for loan losses. In the September 2004 quarter, the Company recognized combined income of $159,000, or $.05, per diluted share from the sale of equities and dividends earned on equities.

Dividend Declared:

        The Company is pleased to announce that the Board of Directors, on October 18, 2005, declared its 46th consecutive quarterly dividend since the inception of the Company. The $.09 cash dividend will be paid on November 30, 2005 to shareholders of record at the close of business on November 15, 2005. The Board of Directors and management believe the continuation of a quarterly dividend enhances shareholder value and demonstrates our commitment to and confidence in our future prospects.

Balance Sheet Summary:

        The Company experienced balance sheet growth with total assets increasing $11.1 million, or 3.4%, to $341.5 million at September 30, 2005 as compared to $330.4 million at June 30, 2005. This growth was attributed primarily to increases in the balance of the loan portfolio and cash balances. Asset growth has been funded primarily with deposits and FHLB advances.

        Loans, net of allowance for loan losses, as of September 30, 2005 increased $9.0 million to $276.6 million, or 3.4%, as compared to $267.6 million at June 30, 2005. The increase in the loan portfolio reflects growth in the balances of commercial, commercial real estate and one-to-four family loans of $4.5 million, $2.7 million and $2.2 million, respectively. Asset quality remains relatively strong with net loan charge-offs for the first three months of 2006 totaling .03% of average loans compared with .01% last year. Our allowance for loan loss at September 30, 2005 totaled $2.0 million, representing .74% of total loans and 338.8% of non-performing loans.

        Total liabilities increased $10.7 million to $316.1 million as compared to $305.4 million at June 30, 2005. Deposits increased $6.8 million to $231.5 million at September 30, 2005 as compared to $224.7 million at June 30, 2005. The increase in deposits was primarily due to the $13.8 million increase in certificates of deposits (CDs) as a result of special term and rate CDs, partially offset by the decreases in money market and saving accounts of $7.3 million. FHLB advances increased $6.3 million to $67.8 million as compared to $61.5 million at June 30, 2005 while securities sold under agreements to repurchase decreased by $2.6 million to $8.1 million from $10.7 million at June 30, 2005. The average loans to deposit ratio for the quarter was 120.1% as compared to 121.2% for the same period of the prior year.