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Southern Missouri Bancorp, Inc. -- CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities:      
NET INCOME $ 14,848 $ 13,668 $ 10,081
Items not requiring (providing) cash:      
Depreciation 2,513 1,988 1,511
Loss on disposal of fixed assets 74    
Stock option and stock grant expense 385 344 228
Loss on sale/write-down of REO 20 55 31
Amortization of intangible assets 1,025 1,253 674
Amortization of purchase accounting adjustments (1,803) (2,527) (6)
Increase in cash surrender value of bank owned life insurance (BOLI) (928) (569) (540)
Provision for loan losses and off-balance sheet credit exposures 2,494 3,185 1,646
Gains realized on sale of AFS securities (5) (6) (116)
Net amortization of premiums and discounts on securities 827 897 1,047
Originations of loans held for sale (22,898) (16,557) (15,475)
Proceeds from sales of loans held for sale 22,116 17,264 15,723
Gain on sales of loans held for sale (641) (656) (503)
Changes in:      
Accrued interest receivable (344) (133) 250
Prepaid expenses and other assets 379 1,453 459
Accounts payable and other liabilities (812) 659 (601)
Deferred income taxes 475 (530) (608)
Accrued interest payable (57) 130 (459)
NET CASH PROVIDED BY OPERATING ACTIVITIES 17,668 19,918 13,342
Cash flows from investing activities:      
Net increase in loans (82,544) (64,354) (104,088)
Net change in interest-bearing deposits 1,221 9,661  
Proceeds from maturities of available for sale securities 23,878 19,923 13,041
Proceeds from sales of available for sale securities 6,251 14,021 38,050
Net (purchases) redemptions of Federal Home Loan Bank stock (1,882) 1,370 (2,254)
Net purchases of Federal Reserve Bank of St. Louis stock (3) (916) (419)
Purchases of available-for-sale securities (29,295) (2,551) (16,780)
Purchases of premises and equipment (9,818) (7,476) (5,681)
Purchases of BOLI (10,000)    
Net cash received in (paid for) acquisitions   3,221 (5,585)
Investments in state & federal tax credits (352)   (3,588)
Proceeds from sale of fixed assets 14 14 849
Proceeds from sale of foreclosed assets 1,663 790 944
Proceeds from BOLI claim 549    
NET CASH USED IN INVESTING ACTIVITIES (100,318) (26,297) (85,511)
Cash flows from financing activities:      
Net increase in demand deposits and savings accounts 68,952 50,677 20,943
Net (decrease) increase in certificates of deposits (3,315) (2,741) 91
Net increase (decrease) in securities sold under agreements to repurchase (247) 1,771 (3,327)
Proceeds from Federal Home Loan Bank advances 396,100 335,560 311,335
Repayments of Federal Home Loan Bank advances (350,350) (371,960) (252,935)
Redemption of common stock warrants   (2,700)  
Redemption of preferred stock (20,000)    
Exercise of stock options 99 332 524
Dividends paid on preferred stock (135) (200) (200)
Dividends paid on common stock (2,675) (2,517) (2,119)
NET CASH PROVIDED BY FINANCING ACTIVITIES 88,429 8,222 74,312
Increase in cash and cash equivalents 5,779 1,843 2,143
Cash and cash equivalents at beginning of period 16,775 14,932 12,789
Cash and cash equivalents at end of period 22,554 16,775 14,932
Noncash investing and financing activities:      
Conversion of loans to foreclosed real estate 537 1,317 418
Conversion of foreclosed real estate to loans 185 58 338
Conversion of loans to repossessed assets 194 128 79
Cash paid during the period for:      
Interest (net of interest credited) 3,020 2,634 2,998
Income taxes $ 4,695 $ 4,429 $ 3,513