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SOUTHERN MISSOURI BANCORP, INC -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
INTEREST INCOME:        
Loans $ 14,229 $ 13,362 $ 28,479 $ 26,460
Investment securities 500 496 1,006 992
Mortgage-backed securities 350 368 695 738
Other interest-earning assets 4 9 8 17
Total interest income 15,083 14,235 30,188 28,207
INTEREST EXPENSE:        
Deposits 2,043 1,847 3,975 3,633
Securities sold under agreements to repurchase 25 29 52 58
Advances from FHLB of Des Moines 282 320 700 637
Subordinated debt 160 139 312 274
Total interest expense 2,510 2,335 5,039 4,602
NET INTEREST INCOME 12,573 11,900 25,149 23,605
PROVISION FOR LOAN LOSSES 656 496 1,581 1,114
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,917 11,404 23,568 22,491
NONINTEREST INCOME:        
Deposit account charges and related fees 952 901 1,894 1,825
Bank card interchange income 719 632 1,404 1,268
Loan late charges 100 81 185 158
Loan servicing fees 74 40 130 75
Other loan fees 319 178 557 347
Net realized gains on sale of loans 241 153 513 287
Earnings on bank owned life insurance 210 466 421 611
Other income 85 340 171 421
Total noninterest income 2,700 2,791 5,275 4,992
NONINTEREST EXPENSE:        
Compensation and benefits 4,513 4,399 9,300 8,757
Occupancy and equipment, net 1,991 1,676 4,021 3,341
Deposit insurance premiums 146 163 320 323
Legal and professional fees 325 144 528 270
Advertising 242 219 482 473
Postage and office supplies 145 154 277 313
Intangible amortization 228 259 456 569
Bank card network expense 274 230 553 483
Other operating expense 842 922 1,928 1,625
Total noninterest expense 8,706 8,166 17,865 16,154
INCOME BEFORE INCOME TAXES 5,911 6,029 10,978 11,329
INCOME TAXES 1,735 1,820 3,093 3,485
NET INCOME 4,176 4,209 7,885 7,844
Less: dividend on preferred shares   35   85
Net income available to common shareholders $ 4,176 $ 4,174 $ 7,885 $ 7,759
Basic earnings per common share $ 0.56 $ 0.56 $ 1.06 $ 1.05
Diluted earnings per common share 0.56 0.56 1.06 1.04
Dividends per common share $ 0.10 $ 0.09 $ 0.20 $ 0.18