XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
INTEREST INCOME:        
Loans $ 9,257,578 $ 6,832,334 $ 18,812,703 $ 13,391,340
Investment securities 389,006 315,935 742,183 634,227
Mortgage-backed securities 244,822 356,998 521,389 746,719
Other interest-earning assets 51,888 34,063 80,922 61,873
Total interest income 9,943,294 7,539,330 20,157,197 14,834,159
INTEREST EXPENSE:        
Deposits 2,163,200 2,252,760 4,446,184 4,418,323
Securities sold under agreements to repurchase 59,342 71,252 119,044 134,672
Advances from FHLB of Des Moines 339,391 395,695 678,782 886,630
Subordinated debt 59,719 56,099 113,767 116,065
Total interest expense 2,621,652 2,775,806 5,357,777 5,555,690
NET INTEREST INCOME 7,321,642 4,763,524 14,799,420 9,278,469
PROVISION FOR LOAN LOSSES 345,433 273,528 862,116 916,209
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,976,209 4,489,996 13,937,304 8,362,260
NONINTEREST INCOME:        
Deposit account charges and related fees 377,041 398,433 748,192 788,980
Bank credit transaction fees 263,776 210,373 527,382 411,495
Loan late charges 57,509 59,416 116,433 115,951
Other loan fees 49,005 60,419 99,308 108,879
Net realized gains on sale of loans 49,354 32,765 143,032 51,166
Gain on purchase of business   6,996,750   6,996,750
Earnings on Bank owned life insurance 71,398 69,561 142,951 138,766
Other income 30,999 39,065 238,278 74,354
Total noninterest income 899,082 7,866,782 2,015,576 8,686,341
NONINTEREST EXPENSE:        
Compensation and benefits 2,274,303 1,852,860 4,526,394 3,521,303
Occupancy and equipment, net 619,496 715,499 1,201,701 1,162,941
Deposit insurance premiums 90,063 152,202 183,135 303,057
Legal and professional fees 94,923 251,693 193,074 324,199
Advertising 80,150 47,536 167,218 99,806
Postage and office supplies 110,293 93,638 232,878 168,551
Intangible amortization 104,283 73,035 208,566 146,070
Bank card network fees 130,742 97,101 262,818 198,101
Other operating expense 379,491 411,572 690,950 632,589
Total noninterest expense 3,883,744 3,695,136 7,666,734 6,556,617
INCOME BEFORE INCOME TAXES 3,991,547 8,661,642 8,286,146 10,491,984
INCOME TAXES 1,317,107 3,085,488 2,761,314 3,613,238
NET INCOME 2,674,440 5,576,154 5,524,832 6,878,746
Less: effective dividend on preferred shares 121,713 127,895 352,111 255,713
Net income available to common shareholders $ 2,552,727 $ 5,448,259 $ 5,172,721 $ 6,623,033
Basic earnings per common share $ 0.98 $ 2.61 $ 2.21 $ 3.18
Diluted earnings per common share $ 0.95 $ 2.56 $ 2.12 $ 3.11
Dividends per common share $ 0.12 $ 0.12 $ 0.24 $ 0.24