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SOUTHERN MISSOURI BANCORP, INC. -- CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
$ in Thousands
9 Months Ended
Mar. 31, 2017
USD ($)
Mar. 31, 2016
USD ($)
Cash Flows From Operating Activities:    
Net income $ 11,839 $ 11,166
Items not requiring (providing) cash:    
Depreciation 2,241 1,766
(Gain) loss on disposal of fixed assets (9) 38
Stock option and stock grant expense 243 145
Amortization of intangible assets 684 797
Amortization of purchase accounting adjustments (798) (1,467)
Increase in cash surrender value of bank owned life insurance (924) (754)
Gain on sales of foreclosed assets (36) (93)
Provision for loan losses 1,957 1,677
Net amortization of premiums and discounts on securities 781 600
Originations of loans held for sale (24,878) (15,734)
Proceeds from sales of loans held for sale 25,589 14,731
Gain on sales of loans held for sale (621) (399)
Changes in:    
Accrued interest receivable 246 433
Prepaid expenses and other assets 1,336 552
Accounts payable and other liabilities (797) (944)
Deferred income taxes 241 469
Accrued interest payable 74 (58)
Net cash provided by operating activities 17,168 12,925
Cash flows from investing activities:    
Net increase in loans (92,694) (41,210)
Net change in interest-bearing deposits 225 972
Proceeds from maturities of available for sale securities 18,235 17,322
Net redemptions of Federal Home Loan Bank stock 2,146 584
Net purchases of Federal Reserve Bank of Saint Louis stock (14) (3)
Purchases of available-for-sale securities (26,839) (16,532)
Purchases of premises and equipment (1,925) (8,749)
Investments in state & federal tax credits (1,661) (162)
Proceeds from sale of fixed assets 11  
Proceeds from sale of foreclosed assets 742 1,725
Proceeds from BOLI claim 848 549
Net cash used in investing activities (100,926) (45,504)
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 94,952 68,186
Net increase (decrease) in certificates of deposits 56,972 (1,139)
Net increase (decrease) in securities sold under agreements to repurchase (9,185) 4,243
Proceeds from Federal Home Loan Bank advances 946,455 267,650
Repayments of Federal Home Loan Bank advances (1,004,805) (283,550)
Exercise of stock options 61 99
Dividends paid on preferred stock   (135)
Dividends paid on common stock (2,236) (2,005)
Redemption of preferred stock   (20,000)
Net cash provided by financing activities 82,214 33,349
Increase (decrease) in cash and cash equivalents (1,544) 770
Cash and cash equivalents at beginning of period 22,554 16,775
Cash and cash equivalents at end of period 21,010 17,545
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 707 296
Conversion of foreclosed real estate to loans 95 185
Conversion of loans to repossessed assets 62 168
Cash paid during the period for:    
Interest (net of interest credited) 2,538 2,317
Income taxes $ 2,832 $ 3,420