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SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME:        
Loans $ 13,362 $ 13,361 $ 26,460 $ 25,586
Investment securities 496 499 992 1,045
Mortgage-backed securities 368 448 738 863
Other interest-earning assets 9 49 17 82
Total interest income 14,235 14,357 28,207 27,576
INTEREST EXPENSE:        
Deposits 1,847 1,703 3,633 3,305
Securities sold under agreements to repurchase 29 27 58 55
Advances from FHLB of Des Moines 320 333 637 673
Subordinated debt 139 132 274 254
Total interest expense 2,335 2,195 4,602 4,287
NET INTEREST INCOME 11,900 12,162 23,605 23,289
PROVISION FOR LOAN LOSSES 496 862 1,114 1,689
NET INTEREST INCOME AFTERPROVISION FOR LOAN LOSSES 11,404 11,300 22,491 21,600
NONINTEREST INCOME:        
Deposit account charges and related fees 901 934 1,825 1,745
Bank card interchange income 632 589 1,268 1,092
Loan late charges 81 83 158 179
Loan servicing fees 40 22 75 37
Other loan fees 178 112 347 246
Net realized gains on sale of loans 153 203 287 382
Net realized gains on sale of AFS securities   3   3
Earnings on bank owned life insurance 466 144 611 287
Other income 340 97 421 195
Total noninterest income 2,791 2,187 4,992 4,166
NONINTEREST EXPENSE:        
Compensation and benefits 4,399 4,628 8,757 8,772
Occupancy and equipment, net 1,676 1,633 3,341 2,990
Deposit insurance premiums 163 174 323 337
Legal and professional fees 144 264 270 527
Advertising 219 275 473 406
Postage and office supplies 154 172 313 300
Intangible amortization 259 323 569 615
Bank card network expense 230 234 483 510
Other operating expense 922 887 1,625 1,735
Total noninterest expense 8,166 8,590 16,154 16,192
INCOME BEFORE INCOME TAXES 6,029 4,897 11,329 9,574
INCOME TAXES 1,820 1,460 3,485 2,841
NET INCOME 4,209 3,437 7,844 6,733
Less: dividend on preferred shares 35 50 85 100
Net income available to common shareholders $ 4,174 $ 3,387 $ 7,759 $ 6,633
Basic earnings per common share $ 0.56 $ 0.46 $ 1.05 $ 0.91
Diluted earnings per common share 0.56 0.45 1.04 0.89
Dividends per common share $ 0.09 $ 0.085 $ 0.18 $ 0.17