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SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME:        
Loans $ 12,984 $ 12,975 $ 39,444 $ 38,560
Investment securities 486 483 1,478 1,528
Mortgage-backed securities 367 435 1,104 1,298
Other interest-earning assets 12 16 29 98
Total interest income 13,849 13,909 42,055 41,484
INTEREST EXPENSE:        
Deposits 1,872 1,756 5,504 5,060
Securities sold under agreements to repurchase 32 30 90 84
Advances from FHLB of Des Moines 293 301 930 973
Subordinated debt 144 125 419 379
Total interest expense 2,341 2,212 6,943 6,496
NET INTEREST INCOME 11,508 11,697 35,112 34,988
PROVISION FOR LOAN LOSSES 563 837 1,677 2,526
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,945 10,860 33,435 32,462
NONINTEREST INCOME:        
Deposit account charges and related fees 888 827 2,713 2,572
Bank card interchange income 628 568 1,896 1,660
Loan late charges 107 127 265 307
Loan servicing fees 32 25 107 62
Other loan fees 189 166 537 412
Net realized gains on sale of loans 112 92 399 473
Net realized gains on sale of AFS securities   3   6
Earnings on bank owned life insurance 143 140 754 426
Other income 79 146 500 343
Total noninterest income 2,178 2,094 7,171 6,261
NONINTEREST EXPENSE:        
Compensation and benefits 4,653 4,541 13,410 13,313
Occupancy and equipment, net 1,838 1,424 5,207 4,414
Deposit insurance premiums 166 158 489 495
Legal and professional fees 162 221 432 748
Advertising 173 232 646 639
Postage and office supplies 158 133 481 434
Intangible amortization 228 323 797 930
Bank card network expense 230 85 713 595
Other operating expense 649 974 2,235 2,714
Total noninterest expense 8,257 8,091 24,410 24,282
INCOME BEFORE INCOME TAXES 4,866 4,863 16,196 14,441
INCOME TAXES 1,544 1,497 5,030 4,338
NET INCOME 3,322 3,366 11,166 10,103
Less: dividend on preferred shares   50 85 150
Net income available to common shareholders $ 3,322 $ 3,316 $ 11,081 $ 9,953
Basic earnings per common share $ 0.45 $ 0.45 $ 1.49 $ 1.36
Diluted earnings per common share 0.45 0.44 1.49 1.33
Dividends per common share $ 0.09 $ 0.085 $ 0.27 $ 0.255