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Southern Missouri Bancorp, Inc. -- CONSOLIDATED STATEMENTS OF INCOME (USD $)
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
Interest Income:      
Loans $ 37,551,663 $ 34,355,076 $ 36,349,320
Investment securities 1,950,679 1,528,530 1,482,094
Mortgage-backed securities 942,750 341,128 924,771
Other interest-earning assets 25,388 66,603 209,119
TOTAL INTEREST INCOME 40,470,480 36,291,337 38,965,304
Interest Expense:      
Deposits 5,963,089 6,073,149 8,243,381
Securities sold under agreements to repurchase 131,605 201,662 234,562
Advances from FHLB of Des Moines 1,085,256 999,046 1,232,919
Subordinated debt 304,719 227,127 232,154
TOTAL INTEREST EXPENSE 7,484,669 7,500,984 9,943,016
NET INTEREST INCOME 32,985,811 28,790,353 29,022,288
Provision for loan losses 1,645,619 1,716,050 1,784,715
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 31,340,192 27,074,303 27,237,573
Noninterest income:      
Deposit account charges and related fees 2,616,110 1,873,125 1,524,733
Bank credit transaction fees 1,432,911 1,186,345 1,109,503
Loan late charges 240,837 239,928 221,550
Other loan fees 442,574 290,017 200,260
Net realized gains on sale of loans 503,026 302,538 315,674
Net realized gains on sale of securities 116,164    
Earnings on bank owned life insurance 539,927 509,543 343,031
Other noninterest income 240,809 66,774 348,459
TOTAL NONINTEREST INCOME 6,132,358 4,468,270 4,063,210
Noninterest expense:      
Compensation and benefits 12,264,608 10,136,068 9,237,003
Occupancy and equipment, net 3,846,252 2,816,738 2,531,587
Deposit insurance premiums 461,967 377,587 375,001
Legal and professional fees 1,523,561 477,020 442,931
Advertising 520,286 313,025 340,654
Postage and office supplies 568,043 470,497 441,866
Intangible amortization 673,657 417,132 417,131
Bank card network fees 1,114,278 567,101 567,584
Other operating expense 2,673,638 1,945,719 2,251,654
TOTAL NONINTEREST EXPENSE 23,646,290 17,520,887 16,605,411
INCOME BEFORE INCOME TAXES 13,826,260 14,021,686 14,695,372
Income Taxes      
Current 4,352,876 3,724,085 6,006,254
Deferred (607,717) 230,386 (1,409,145)
Total Income Taxes 3,745,159 3,954,471 4,597,109
NET INCOME 10,081,101 10,067,215 10,098,263
Less: charge for early redemption of preferred stock issued at a discount     94,365
Less: dividend on preferred shares 200,000 345,115 424,184
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS 9,881,101 9,722,100 9,579,714
Basic earnings per share available to common stockholders $ 2.99 $ 2.95 $ 3.43
Diluted earnings per share available to common stockholders $ 2.91 $ 2.88 $ 3.32
Dividends paid $ 0.64 $ 0.60 $ 0.48