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SOUTHERN MISSOURI BANCORP, INC -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
INTEREST INCOME:        
Loans $ 8,730,367 $ 9,257,578 $ 17,584,301 $ 18,812,703
Investment securities 376,663 389,006 739,366 742,183
Mortgage-backed securities 79,632 244,822 205,395 521,389
Other interest-earning assets 11,106 51,888 30,355 80,922
Total interest income 9,197,768 9,943,294 18,559,417 20,157,197
INTEREST EXPENSE:        
Deposits 1,496,722 2,163,200 3,076,424 4,446,184
Securities sold under agreements to repurchase 54,165 59,342 102,467 119,044
Advances from FHLB of Des Moines 258,742 339,391 513,454 678,782
Subordinated debt 57,646 59,719 116,772 113,767
Total interest expense 1,867,275 2,621,652 3,809,117 5,357,777
NET INTEREST INCOME 7,330,493 7,321,642 14,750,300 14,799,420
PROVISION FOR LOAN LOSSES 462,017 345,433 1,072,706 862,116
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,868,476 6,976,209 13,677,594 13,937,304
NONINTEREST INCOME:        
Deposit account charges and related fees 442,291 377,041 874,107 748,192
Bank credit transaction fees 289,790 263,776 588,309 527,382
Loan late charges 52,705 57,509 104,261 116,433
Other loan fees 73,019 49,005 145,579 99,308
Net realized gains on sale of loans 89,700 49,354 142,856 143,032
Earnings on bank owned life insurance 128,717 71,398 254,538 142,951
Other noninterest income 41,678 30,999 68,231 238,278
Total noninterest income 1,117,900 899,082 2,177,881 2,015,576
NONINTEREST EXPENSE:        
Compensation and benefits 2,523,408 2,274,303 4,984,574 4,526,394
Occupancy and equipment, net 681,323 619,496 1,373,234 1,201,701
Deposit insurance premiums 92,121 90,063 186,667 183,135
Legal and professional fees 116,193 94,923 215,252 193,074
Advertising 84,452 80,150 143,351 167,218
Postage and office supplies 123,027 110,293 226,550 232,878
Intangible amortization 104,283 104,283 208,566 208,566
Bank card network fees 142,653 130,742 286,763 262,818
Other operating expense 573,110 379,491 953,572 690,950
Total noninterest expense 4,440,570 3,883,744 8,578,529 7,666,734
INCOME BEFORE INCOME TAXES 3,545,806 3,991,547 7,276,946 8,286,146
INCOME TAXES 1,064,886 1,317,107 2,205,772 2,761,314
NET INCOME 2,480,920 2,674,440 5,071,174 5,524,832
Less: effective dividend on preferred shares 50,000 121,713 245,115 352,111
Net income available to common shareholders $ 2,430,920 $ 2,552,727 $ 4,826,059 $ 5,172,721
Basic earnings per common share $ 0.75 $ 0.98 $ 1.49 $ 2.21
Diluted earnings per common share $ 0.72 $ 0.95 $ 1.43 $ 2.12
Dividends per common share $ 0.15 $ 0.12 $ 0.30 $ 0.24