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SOUTHERN MISSOURI BANCORP, INC -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
INTEREST INCOME:        
Loans $ 8,276,133 $ 9,077,557 $ 25,860,434 $ 27,890,260
Investment securities 399,090 379,900 1,138,456 1,122,083
Mortgage-backed securities 64,093 224,338 269,488 745,727
Other interest-earning assets 17,168 73,414 47,523 154,336
Total interest income 8,756,484 9,755,209 27,315,901 29,912,406
INTEREST EXPENSE:        
Deposits 1,510,424 2,011,104 4,586,848 6,457,288
Securities sold under agreements to repurchase 57,662 64,958 160,129 184,002
Advances from FHLB of Des Moines 241,262 310,193 754,716 988,975
Subordinated debt interest expense 55,096 59,593 171,868 173,360
Total interest expense 1,864,444 2,445,848 5,673,561 7,803,625
NET INTEREST INCOME 6,892,040 7,309,361 21,642,340 22,108,781
Provision for loan losses 228,375 215,338 1,301,081 1,077,454
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,663,665 7,094,023 20,341,259 21,031,327
NONINTEREST INCOME:        
Deposit account charges and related fees 485,764 379,825 1,359,871 1,128,017
Bank credit transaction fees 288,643 278,595 876,952 805,977
Loan late charges 64,169 53,560 168,430 169,993
Other loan fees 77,853 22,593 223,432 121,901
Net realized gains on sale of loans 61,790 89,834 204,646 232,866
Earnings on bank owned life insurance 125,778 71,179 380,316 214,130
Other income 39,815 58,933 108,046 297,211
Total noninterest income 1,143,812 954,519 3,321,693 2,970,095
NONINTEREST EXPENSE:        
Compensation and benefits 2,591,590 2,418,341 7,576,164 6,944,735
Occupancy and equipment, net (inc data) 698,218 679,075 2,071,452 1,880,776
Deposit insurance premiums 93,774 94,126 280,441 277,261
Legal and professional fees 130,466 145,362 345,718 338,436
Advertising 82,899 89,403 226,250 256,621
Postage and office supplies 119,945 115,941 346,495 348,819
Intangible amortization 104,283 104,283 312,849 312,849
Bank card network fees 135,987 136,041 422,750 398,859
Other operating expense 483,356 1,083,821 1,436,928 1,774,771
Total noninterest expense 4,440,518 4,866,393 13,019,047 12,533,127
INCOME BEFORE INCOME TAXES 3,366,959 3,182,149 10,643,905 11,468,295
INCOME TAXES 900,849 1,006,107 3,106,621 3,767,421
NET INCOME 2,466,110 2,176,042 7,537,284 7,700,874
Less: charge for early redemption of preferred stock issued at discount       94,365
Less: effective dividend on preferred shares 50,000 50,000 295,115 307,746
Net income available to common shareholders $ 2,416,110 $ 2,126,042 $ 7,242,169 $ 7,298,763
Basic earnings per common share $ 0.74 $ 0.65 $ 2.23 $ 2.76
Diluted earnings per common share $ 0.71 $ 0.64 $ 2.14 $ 2.67
Dividends per common share $ 0.15 $ 0.12 $ 0.45 $ 0.36