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,
	2011		2010		2009
Basic    Average shares outstanding		2,088,833		2,083,458		2,123,144
Net income	$	11,470,031	$	4,625,588	$	3,835,077
Less: effective dividend on preferred shares		511,814		510,006		288,841
Net income available to common stockholders	$	10,958,217	$	4,115,582	$	3,546,236
Basic earnings per share available to common       stockholders	$	5.25	$	1.98	$	1.67
Diluted    Average shares outstanding		2,088,833		2,083,458		2,123,144
Net effect of dilutive stock options - based on the       treasury stock method using the period end market       price, if greater than average market price		52,258		21,834		1,225
Total		2,141,091		2,105,292		2,124,369
Net income	$	11,470,031	$	4,625,588	$	3,835,077
Less: effective dividend on preferred shares		511,814		510,006		288,841
Net income available to common stockholders	$	10,958,217	$	4,115,582	$	3,546,236
Diluted earnings per share available to common       stockholders	$	5.12	$	1.95	$	1.67