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SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME:    
Loans $ 13,098 $ 12,225
Investment securities 495 544
Mortgage-backed securities 370 415
Other interest-earning assets 7 34
Total interest income 13,970 13,218
INTEREST EXPENSE:    
Deposits 1,785 1,601
Securities sold under agreements to repurchase 29 28
Interest expense from advances from FHLB of Des Moines 317 339
Subordinated debt 135 121
Total interest expense 2,266 2,089
NET INTEREST INCOME 11,704 11,129
PROVISION FOR LOAN LOSSES 618 827
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,086 10,302
NONINTEREST INCOME:    
Deposit account charges and related fees 924 819
Bank card interchange income 636 503
Loan late charges 77 97
Loan servicing fees 35 15
Other loan fees 170 134
Net realized gains on sale of loans 133 178
Earnings on bank owned life insurance 145 143
Other income 82 91
Total noninterest income 2,202 1,980
NONINTEREST EXPENSE:    
Compensation and benefits 4,323 4,145
Occupancy and equipment, net 1,665 1,357
Deposit insurance premiums 161 162
Legal and professional fees 126 263
Advertising 254 131
Postage and office supplies 159 128
Intangible amortization 310 292
Bank card network expense 253 276
Other operating expense 737 848
Total noninterest expense 7,988 7,602
INCOME BEFORE INCOME TAXES 5,300 4,680
INCOME TAXES 1,665 1,381
NET INCOME 3,635 3,299
Less: dividend on preferred shares 50 50
Net income available to common shareholders $ 3,585 $ 3,249
Basic earnings per common share $ 0.48 $ 0.46
Diluted earnings per common share 0.48 0.44
Dividends per common share $ 0.090 $ 0.085