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SOUTHERN MISSOURI BANCORP, INC -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
INTEREST INCOME:        
Loans $ 9,512,181 $ 8,730,367 $ 18,176,851 $ 17,584,301
Investment securities 509,437 376,663 918,811 739,366
Mortgage-backed securities 213,742 79,632 301,450 205,395
Other interest-earning assets 2,931 11,106 5,912 30,355
Total interest income 10,238,291 9,197,768 19,403,024 18,559,417
INTEREST EXPENSE:        
Deposits 1,505,658 1,496,722 2,954,170 3,076,424
Securities sold under agreements to repurchase 31,122 54,165 62,679 102,467
Advances from FHLB of Des Moines 285,554 258,742 541,470 513,454
Subordinated debt 85,147 57,646 140,852 116,772
Total interest expense 1,907,481 1,867,275 3,699,171 3,809,117
NET INTEREST INCOME 8,330,810 7,330,493 15,703,853 14,750,300
PROVISION FOR LOAN LOSSES 294,770 462,017 794,290 1,072,706
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,036,040 6,868,476 14,909,563 13,677,594
NONINTEREST INCOME:        
Deposit account charges and related fees 659,655 442,291 1,235,006 874,107
Bank card interchange income 339,696 289,790 658,450 588,309
Loan late charges 62,585 52,705 117,099 104,261
Other loan fees 152,093 73,019 227,866 145,579
Net realized gains on sale of loans 159,850 89,700 244,488 142,856
Net realized gains on available-for-sale securities 109,481   109,481  
Earnings on bank owned life insurance 129,670 128,717 258,581 254,538
Other noninterest income 52,775 41,678 95,189 68,231
Total noninterest income 1,665,805 1,117,900 2,946,160 2,177,881
NONINTEREST EXPENSE:        
Compensation and benefits 3,031,551 2,523,408 5,662,973 4,984,574
Occupancy and equipment, net 978,299 681,323 1,762,103 1,373,234
Deposit insurance premiums 109,965 92,121 208,356 186,667
Legal and professional fees 684,920 116,193 910,926 215,252
Advertising 135,757 84,452 237,039 143,351
Postage and office supplies 167,278 123,027 270,431 226,550
Intangible amortization 175,915 104,283 280,198 208,566
Bank card network expense 180,900 142,653 323,024 286,763
Other operating expense 760,985 573,110 1,137,871 953,572
Total noninterest expense 6,225,570 4,440,570 10,792,921 8,578,529
INCOME BEFORE INCOME TAXES 3,476,275 3,545,806 7,062,802 7,276,946
INCOME TAXES 957,447 1,064,886 1,980,894 2,205,772
NET INCOME 2,518,828 2,480,920 5,081,908 5,071,174
Less: dividend on preferred shares 50,000 50,000 100,000 245,115
Net income available to common shareholders $ 2,468,828 $ 2,430,920 $ 4,981,908 $ 4,826,059
Basic earnings per common share $ 0.75 $ 0.74 $ 1.51 $ 1.47
Diluted earnings per common share $ 0.73 $ 0.72 $ 1.47 $ 1.43
Dividends per common share $ 0.16 $ 0.15 $ 0.32 $ 0.30