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,
	2008		2007		2006
Basic    Average shares outstanding		2,199,928		2,225,658		2,224,409
Net income	$	3,613,480	$	2,928,413	$	2,784,166
Basic earnings per share	$	1.64	$	1.32	$	1.25
Diluted    Average shares outstanding		2,199,928		2,225,658		2,224,409
Net effect of dilutive stock options - based on the     treasury stock method using the period end market     price, if greater than average market price		12,204		38,578		27,852
Total		2,212,132		2,264,326		2,252,261
Net income	$	3,613,480	$	2,928,413	$	2,784,166
Diluted earnings per share	$	1.63	$	1.29	$	1.24