XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities:    
Net income $ 2,563,080 $ 2,590,254
Items not requiring (providing) cash:    
Depreciation 348,129 262,864
Loss on disposal of fixed assets 168 20,875
Stock option and stock grant expense 3,548 53,548
Gain on sale of foreclosed assets (33,500) (20,874)
Amortization of intangible assets 104,283 104,283
Increase in cash surrender value of bank owned life insurance (128,911) (125,821)
Provision for loan losses and off-balance sheet credit exposures 499,520 610,689
Net amortization (accretion) of premiums and discounts on securities 126,365 135,976
Originations of loans held for sale (3,450,846) (1,855,606)
Proceeds from sales of loans held for sale 3,112,282 1,310,929
Gain on sales of loans held for sale (84,638) (53,156)
Changes in:    
Accrued interest receivable (387,696) (738,056)
Prepaid expenses and other assets 185,654 (2,455,486)
Accounts payable and other liabilities (402,099) (709,708)
Deferred taxes (204,674)  
Accrued interest payable 6,280 (80,370)
Net cash provided by (used in) operating activities 2,256,945 (949,659)
Cash flows from investing activities:    
Net increase in loans (31,223,862) (25,318,315)
Net change in interest-bearing deposits   (881,000)
Proceeds from maturities of available for sale securities 3,252,397 11,688,771
Net purchases of Federal Home Loan Bank stock (1,384,500) (801,000)
Purchases of available-for-sale securities (8,319,088) (8,314,197)
Purchases of premises and equipment (1,461,677) (2,048,701)
Investments in state & federal tax credits (1,000)  
Proceeds from sale of fixed assets   26,500
Proceeds from sale of foreclosed assets 845,756 399,100
Net cash used in investing activities (38,291,974) (25,248,842)
Cash flows from financing activities:    
Net decrease in demand deposits and savings accounts (1,239,929) (6,745,685)
Net increase (decrease) in certificates of deposits 4,540,159 (6,183,601)
Net decrease in securities sold under agreements to repurchase (6,398,606) (2,701,830)
Proceeds from Federal Home Loan Bank advances 74,315,000 39,340,000
Repayments of Federal Home Loan Bank advances (36,945,000) (18,000,000)
Exercise of stock options 41,121 24,368
Dividends paid on preferred stock (50,000) (116,438)
Dividends paid on common stock (527,318) (493,356)
Net cash provided by financing activities 33,735,427 1,783,458
Decrease in cash and cash equivalents (2,299,602) (24,415,043)
Cash and cash equivalents at beginning of period 12,788,950 33,421,099
Cash and cash equivalents at end of period 10,489,348 9,006,056
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 50,000 20,000
Conversion of foreclosed real estate to loans   45,000
Conversion of loans to repossessed assets 22,423 105,500
Cash paid during the period for:    
Interest (net of interest credited) 492,789 480,599
Income taxes $ 963,000 $ 1,541,084