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SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
6 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash Flows From Operating Activities:    
Net income $ 7,844 $ 6,733
Items not requiring (providing) cash:    
Depreciation 1,139 974
Loss on disposal of fixed assets 33  
Stock option and stock grant expense 133 95
Amortization of intangible assets 569 615
Amortization of purchase accounting adjustments (1,450) (1,447)
Increase in cash surrender value of bank owned life insurance (611) (287)
Loss on sale of foreclosed assets 70 6
Provision for loan losses 1,114 1,689
Gains realized on AFS securities   (3)
Net amortization of premiums and discounts on securities 400 497
Originations of loans held for sale (10,781) (3,318)
Proceeds from sales of loans held for sale 10,630 3,995
Gain on sales of loans held for sale (287) (382)
Changes in:    
Accrued interest receivable (478) (894)
Prepaid expenses and other assets 551 706
Accounts payable and other liabilities (546) (940)
Deferred income taxes (640) (624)
Accrued interest payable (77) 103
Net cash provided by operating activities 7,613 7,518
Cash flows from investing activities:    
Net increase in loans (26,154) (24,470)
Net change in interest-bearing deposits 723 4,951
Proceeds from maturities of available for sale securities 8,271 8,992
Proceeds from sales of available for sale securities   7,193
Net redemptions of Federal Home Loan Bank stock 229 1,537
Purchases of available-for-sale securities (8,124)  
Purchases of premises and equipment (6,951) (2,718)
Net cash received in acquisitions   3,221
Investments in state & federal tax credits (162)  
Proceeds from sale of fixed assets   14
Proceeds from sale of foreclosed assets 1,121 485
Proceeds from bank owned life insurance claim 549  
Net cash used in investing activities (30,498) (795)
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 60,536 41,357
Net increase in certificates of deposits 1,548 14,019
Net decrease in securities sold under agreements to repurchase (4,266) (4,176)
Proceeds from Federal Home Loan Bank advances 247,950 145,910
Repayments of Federal Home Loan Bank advances (253,650) (184,310)
Exercise of stock options 36 265
Dividends paid on preferred stock (135) (100)
Dividends paid on common stock (1,336) (1,256)
Redemption of preferred stock (20,000)  
Net cash provided by financing activities 30,683 11,709
Increase in cash and cash equivalents 7,798 18,432
Cash and cash equivalents at beginning of period 16,775 14,932
Cash and cash equivalents at end of period 24,573 33,364
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 281 666
Conversion of foreclosed real estate to loans 185 58
Conversion of loans to repossessed assets 141 48
Cash paid during the period for:    
Interest (net of interest credited) 1,652 1,450
Income taxes $ 2,500 $ 2,897