XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
SOUTHERN MISSOURI BANCORP, INC -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME:    
Loans $ 8,664,670 $ 8,853,934
Investment securities 382,614 362,703
Mortgage-backed securities 87,708 125,763
Other interest-earning assets 29,741 19,249
Total interest income 9,164,733 9,361,649
INTEREST EXPENSE:    
Deposits 1,448,512 1,579,702
Securities sold under agreements to repurchase 31,557 48,302
Advances from FHLB of Des Moines 255,916 254,712
Subordinated debt 55,705 59,126
Total interest expense 1,791,690 1,941,842
NET INTEREST INCOME 7,373,043 7,419,807
PROVISION FOR LOAN LOSSES 499,520 610,689
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,873,523 6,809,118
NONINTEREST INCOME:    
Deposit account charges and related fees 575,351 431,816
Bank card network fees 318,754 298,519
Loan late charges 54,514 51,556
Other loan fees 75,773 72,560
Net realized gains on sale of loans 84,638 53,156
Earnings on bank owned life insurance 128,911 125,821
Other income 42,414 26,553
Total noninterest income 1,280,355 1,059,981
NONINTEREST EXPENSE:    
Compensation and benefits 2,631,422 2,461,166
Occupancy and equipment, net 783,804 691,911
Deposit insurance premiums 98,391 94,546
Legal and professional fees 226,006 99,059
Advertising 101,282 58,899
Postage and office supplies 103,153 103,523
Intangible amortization 104,283 104,283
Bank card network expense 142,124 144,110
Other operating expense 376,886 380,462
Total noninterest expense 4,567,351 4,137,959
INCOME BEFORE INCOME TAXES 3,586,527 3,731,140
INCOME TAXES 1,023,447 1,140,886
NET INCOME 2,563,080 2,590,254
Less: effective dividend on preferred shares 50,000 195,115
Net income available to common shareholders $ 2,513,080 $ 2,395,139
Basic earnings per common share $ 0.76 $ 0.74
Diluted earnings per common share $ 0.74 $ 0.71
Dividends per common share $ 0.16 $ 0.15