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Southern Missouri Bancorp, Inc. -- Consolidated Statements of Income (USD $)
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Interest Income:      
Loans $ 34,355,076 $ 36,349,320 $ 32,265,395
Investment securities 1,528,530 1,482,094 1,286,779
Mortgage-backed securities 341,128 924,771 1,376,856
Other interest-earning assets 66,603 209,119 118,627
TOTAL INTEREST INCOME 36,291,337 38,965,304 35,047,657
Interest Expense:      
Deposits 6,073,149 8,243,381 9,213,424
Securities sold under agreements to repurchase 201,662 234,562 290,203
Advances from FHLB of Des Moines 999,046 1,232,919 1,554,344
Subordinated debt 227,127 232,154 226,776
TOTAL INTEREST EXPENSE 7,500,984 9,943,016 11,284,747
NET INTEREST INCOME 28,790,353 29,022,288 23,762,910
Provision for loan losses 1,716,050 1,784,715 2,384,799
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 27,074,303 27,237,573 21,378,111
Noninterest income:      
Deposit account charges and related fees 1,873,125 1,524,733 1,570,096
Bank credit transaction fees 1,186,345 1,109,503 889,176
Loan late charges 239,928 221,550 231,897
Other loan fees 290,017 200,260 196,185
Net realized gains on sale of loans 302,538 315,674 173,168
Bargain purchase gain on acquisitions     6,996,750
Earnings on bank owned life insurance 509,543 343,031 277,540
Other income 66,774 348,459 167,480
TOTAL NONINTEREST INCOME 4,468,270 4,063,210 10,502,292
Noninterest expense:      
Compensation and benefits 10,136,068 9,237,003 7,987,470
Occupancy and equipment, net 2,816,738 2,531,587 2,242,284
Deposit insurance premiums 377,587 375,001 563,751
Legal and professional fees 477,020 442,931 530,133
Advertising 313,025 340,654 262,294
Postage and office supplies 470,497 441,866 362,201
Intangible amortization 417,132 417,131 354,636
Bank card network fees 567,101 567,584 442,775
Other operating expense 1,945,719 2,251,654 1,713,225
TOTAL NONINTEREST EXPENSE 17,520,887 16,605,411 14,458,769
INCOME BEFORE INCOME TAXES 14,021,686 14,695,372 17,421,634
Income Taxes      
Current 3,724,085 6,006,254 4,443,982
Deferred 230,386 (1,409,145) 1,507,621
Income Taxes 3,954,471 4,597,109 5,951,603
NET INCOME 10,067,215 10,098,263 11,470,031
Less: charge for early redemption of preferred stock issued at a discount   94,365  
Less: dividend on preferred shares 345,115 424,184 511,814
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS 9,722,100 9,579,714 10,958,217
Basic earnings per share available to common stockholders $ 2.95 $ 3.43 $ 5.25
Diluted earnings per share available to common stockholders $ 2.88 $ 3.32 $ 5.12
Dividends paid $ 0.60 $ 0.48 $ 0.48