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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, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME:        
Loans $ 14,067 $ 12,984 $ 42,546 $ 39,444
Investment securities 483 486 1,489 1,478
Mortgage-backed securities 392 367 1,087 1,104
Other interest-earning assets 13 12 21 29
Total interest income 14,955 13,849 45,143 42,055
INTEREST EXPENSE:        
Deposits 2,111 1,872 6,086 5,504
Securities sold under agreements to repurchase 25 32 77 90
Advances from FHLB of Des Moines 224 293 924 930
Subordinated debt 163 144 476 419
Total interest expense 2,523 2,341 7,563 6,943
NET INTEREST INCOME 12,432 11,508 37,580 35,112
PROVISION FOR LOAN LOSSES 376 563 1,957 1,677
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 12,056 10,945 35,623 33,435
NONINTEREST INCOME:        
Deposit account charges and related fees 959 888 2,853 2,713
Bank card interchange income 699 628 2,103 1,896
Loan late charges 136 107 321 265
Loan servicing fees 67 32 196 107
Other loan fees 279 189 835 537
Net realized gains on sale of loans 108 112 621 399
Earnings on bank owned life insurance 503 143 924 754
Other noninterest income 174 79 346 500
Total noninterest income 2,925 2,178 8,199 7,171
NONINTEREST EXPENSE:        
Compensation and benefits 5,086 4,653 14,386 13,410
Occupancy and equipment, net 2,080 1,838 6,101 5,207
Deposit insurance premiums 172 166 493 489
Legal and professional fees 260 162 788 432
Advertising 277 173 759 646
Postage and office supplies 155 158 432 481
Intangible amortization 228 228 684 797
Bank card network expense 271 230 824 713
Other operating expense 1,035 649 2,960 2,235
Total noninterest expense 9,564 8,257 27,427 24,410
INCOME BEFORE INCOME TAXES 5,417 4,866 16,395 16,196
INCOME TAXES 1,463 1,544 4,556 5,030
NET INCOME 3,954 3,322 11,839 11,166
Less: dividend on preferred shares       85
Net income available to common shareholders $ 3,954 $ 3,322 $ 11,839 $ 11,081
Basic earnings per common share $ 0.53 $ 0.45 $ 1.59 $ 1.49
Diluted earnings per common share 0.53 0.45 1.59 1.49
Dividends per common share $ 0.10 $ 0.09 $ 0.30 $ 0.27