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Southern Missouri Bancorp, Inc. -- CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Interest Income:      
Loans $ 52,850 $ 51,515 $ 37,552
Investment securities 1,965 1,996 1,951
Mortgage-backed securities 1,467 1,674 943
Other interest-earning assets 35 116 25
TOTAL INTEREST INCOME 56,317 55,301 40,471
Interest Expense:      
Deposits 7,407 6,859 5,963
Securities sold under agreements to repurchase 119 117 132
Advances from FHLB of Des Moines 1,271 1,278 1,085
Subordinated debt 568 512 305
TOTAL INTEREST EXPENSE 9,365 8,766 7,485
NET INTEREST INCOME 46,952 46,535 32,986
Provision for loan losses 2,494 3,185 1,646
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 44,458 43,350 31,340
Noninterest income:      
Deposit account charges and related fees 3,588 3,456 2,616
Bank card interchange income 2,580 2,294 1,432
Loan late charges 351 401 241
Loan servicing fees 176 143 41
Other loan fees 806 720 443
Net realized gains on sale of loans 641 656 503
Net realized gains on sale of AFS securities 5 6 116
Earnings on bank owned life insurance 928 569 540
Other income 683 414 200
TOTAL NONINTEREST INCOME 9,758 8,659 6,132
Noninterest expense:      
Compensation and benefits 17,769 17,828 12,265
Occupancy and equipment, net 7,132 5,879 3,846
Deposit insurance premiums 657 686 462
Legal and professional fees 576 897 1,524
Advertising 932 904 520
Postage and office supplies 623 577 568
Intangible amortization 1,025 1,253 674
Bank card network fees 971 1,019 1,114
Other operating expense 3,001 3,242 2,673
TOTAL NONINTEREST EXPENSE 32,686 32,285 23,646
INCOME BEFORE INCOME TAXES 21,530 19,724 13,826
Income Taxes      
Current 6,206 6,586 4,353
Deferred 476 (530) (608)
Total income taxes 6,682 6,056 3,745
NET INCOME 14,848 13,668 10,081
Less: dividend on preferred shares 85 200 200
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 14,763 $ 13,468 $ 9,881
Basic earnings per share available to common stockholders $ 1.99 $ 1.84 $ 1.49
Diluted earnings per share available to common stockholders 1.98 1.79 1.45
Dividends paid $ 0.36 $ 0.34 $ 0.32