XML 114 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operating Activities:    
Net income $ 7,324,735 $ 7,537,284
Items not requiring (providing) cash:    
Depreciation 1,111,837 826,834
Loss on disposal of fixed assets 168 20,875
Stock option and stock grant expense 10,643 160,643
Amortization of intangible assets 466,520 312,849
Amortization of purchase accounting adjustments (3,745)  
Increase in cash surrender value of bank owned life insurance (384,323) (380,316)
Loss (Gain) on sale of foreclosed assets 18,500 (17,654)
Provision for loan losses 1,047,721 1,301,081
Gains realized on sale of AFS securities (107,796)  
Net amortization (accretion) of premiums and discounts on securities 885,075 439,342
Originations of loans held for sale (7,616,295) (4,956,029)
Proceeds from sales of loans held for sale 7,919,857 5,116,239
Gain on sales of loans held for sale (356,187) (204,646)
Changes in:    
Accrued interest receivable 862,910 616,200
Prepaid expenses and other assets 531,553 513,293
Accounts payable and other liabilities (594,781) 1,148,957
Deferred taxes (402,316) 297,875
Accrued interest payable (466,416) (70,152)
Net cash provided by operating activities 10,247,660 12,662,675
Cash flows from investing activities:    
Net increase in loans (70,156,401) (38,645,904)
Net change in interest-bearing deposits   (202,000)
Proceeds from maturities and sales of available for sale securities 42,827,514 27,954,781
Net purchases of Federal Home Loan Bank stock (902,500)  
Net purchases of Federal Reserve Bank of Saint Louis stock (248,550) (3,400)
Purchases of available-for-sale securities (13,660,413) (33,408,568)
Purchases of premises and equipment (5,523,147) (5,904,695)
Net cash used in acquisitions (5,584,946)  
Investments in state & federal tax credits (3,588,425) (2,744,436)
Proceeds from sale of fixed assets   26,500
Proceeds from sale of foreclosed assets 1,142,922 1,568,483
Net cash used in investing activities (55,693,946) (51,359,239)
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 29,107,220 19,422,508
Net increase in certificates of deposits 611,340 26,660,534
Net (decrease) increase in securities sold under agreements to repurchase (1,990,622) 1,757,202
Net proceeds from Federal Home Loan Bank advances 24,600,096  
Exercise of stock options 86,811 100,518
Dividends paid on preferred stock (150,000) (361,553)
Dividends paid on common stock (1,584,675) (1,480,818)
Net cash provided by financing activities 50,680,170 46,098,391
Increase in cash and cash equivalents 5,233,884 7,401,827
Cash and cash equivalents at beginning of period 12,788,950 33,421,099
Cash and cash equivalents at end of period 18,022,834 40,822,926
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 335,000 3,463,950
Conversion of foreclosed real estate to loans 337,500 68,400
Conversion of loans to repossessed assets 41,852 251,627
Cash paid during the period for:    
Interest (net of interest credited) 2,085,060 2,000,909
Income taxes $ 2,798,000 $ 1,541,084