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SOUTHERN MISSOURI BANCORP, INC -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME:    
Loans $ 8,853,934 $ 9,555,125
Investment securities 362,703 353,177
Mortgage-backed securities 125,763 276,567
Other interest-earning assets 19,249 29,034
Total interest income 9,361,649 10,213,903
INTEREST EXPENSE:    
Deposits 1,579,702 2,282,984
Securities sold under agreements to repurchase 48,302 59,702
Advances from FHLB of Des Moines 254,712 339,391
Subordinated debt 59,126 54,048
Total interest expense 1,941,842 2,736,125
NET INTEREST INCOME 7,419,807 7,477,778
PROVISION FOR LOAN LOSSES 610,689 516,683
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,809,118 6,961,095
NONINTEREST INCOME:    
Deposit account charges and related fees 431,816 371,151
Bank credit transaction fees 298,519 263,606
Loan late charges 51,556 58,924
Other loan fees 72,560 50,303
Net realized gains on sale of loans 53,156 93,678
Earnings on bank owned life insurance 125,821 71,553
Other noninterest income 26,553 207,279
Total noninterest income 1,059,981 1,116,494
NONINTEREST EXPENSE:    
Compensation and benefits 2,461,166 2,252,091
Occupancy and equipment, net (inc data) 691,911 582,205
Deposit insurance premiums 94,546 93,072
Legal and professional fees 99,059 98,151
Advertising 58,899 87,068
Postage and office supplies 103,523 122,585
Amortization of intangible assets 104,283 104,283
Bank card network fees 144,110 132,076
Other operating expense 380,462 311,459
Total noninterest expense 4,137,959 3,782,990
INCOME BEFORE INCOME TAXES 3,731,140 4,294,599
INCOME TAXES 1,140,886 1,444,207
NET INCOME 2,590,254 2,850,392
Less: effective dividend on preferred shares 195,115 230,398
Net income available to common shareholders $ 2,395,139 $ 2,619,994
Basic earnings per common share $ 0.74 $ 1.25
Diluted earnings per common share $ 0.71 $ 1.21
Dividends per common share $ 0.15 $ 0.12