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Southern Missouri Bancorp, Inc. -- CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities:      
NET INCOME $ 15,552 $ 14,848 $ 13,668
Items not requiring (providing) cash:      
Depreciation 2,982 2,513 1,988
Loss on disposal of fixed assets 332 74  
Stock option and stock grant expense 510 385 344
Loss on sale/write-down of REO 324 20 55
Amortization of intangible assets 911 1,025 1,253
Amortization of purchase accounting adjustments (1,116) (1,803) (2,527)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,135) (928) (569)
Provision for loan losses 2,340 2,494 3,185
Gains realized on sale of AFS securities   (5) (6)
Net amortization of premiums and discounts on securities 1,034 827 897
Originations of loans held for sale (33,059) (22,898) (16,557)
Proceeds from sales of loans held for sale 33,656 22,116 17,264
Gain on sales of loans held for sale (840) (641) (656)
Changes in:      
Accrued interest receivable (314) (344) (133)
Prepaid expenses and other assets 2,717 379 1,453
Accounts payable and other liabilities 622 (812) 659
Deferred income taxes 964 475 (530)
Accrued interest payable 138 (57) 130
NET CASH PROVIDED BY OPERATING ACTIVITIES 25,618 17,668 19,918
Cash flows from investing activities:      
Net increase in loans (112,372) (82,544) (64,354)
Net change in interest-bearing deposits 723 1,221 9,661
Proceeds from maturities of available for sale securities 22,544 23,878 19,923
Proceeds from sales of available for sale securities   6,251 14,021
Net redemptions (purchases) of Federal Home Loan Bank stock 2,462 (1,882) 1,370
Net purchases of Federal Reserve Bank of St. Louis stock (14) (3) (916)
Purchases of available-for-sale securities (31,490) (29,295) (2,551)
Purchases of premises and equipment (3,034) (9,818) (7,476)
Purchases of BOLI   (10,000)  
Net cash (paid for) received in acquisitions (1,736)   3,221
Investments in state & federal tax credits (1,897) (352)  
Proceeds from sale of fixed assets 15 14 14
Proceeds from sale of foreclosed assets 835 1,663 790
Proceeds from BOLI claim 848 549  
NET CASH USED IN INVESTING ACTIVITIES (123,116) (100,318) (26,297)
Cash flows from financing activities:      
Net increase in demand deposits and savings accounts 115,340 68,952 50,677
Net increase (decrease) in certificates of deposits 52,939 (3,315) (2,741)
Net (decrease) increase in securities sold under agreements to repurchase (16,873) (247) 1,771
Proceeds from Federal Home Loan Bank advances 1,350,565 396,100 335,560
Repayments of Federal Home Loan Bank advances (1,416,815) (350,350) (371,960)
Proceeds from issuance of long term debt 15,000    
Repayments of long term debt (15,650)    
Redemption of common stock warrants     (2,700)
Redemption of preferred stock   (20,000)  
Common stock issued 24,144    
Exercise of stock options 61 99 332
Dividends paid on preferred stock   (135) (200)
Dividends paid on common stock (2,981) (2,675) (2,517)
NET CASH PROVIDED BY FINANCING ACTIVITIES 105,730 88,429 8,222
Increase in cash and cash equivalents 8,232 5,779 1,843
Cash and cash equivalents at beginning of period 22,554 16,775 14,932
Cash and cash equivalents at end of period 30,786 22,554 16,775
Noncash investing and financing activities:      
Conversion of loans to foreclosed real estate 890 537 1,317
Conversion of foreclosed real estate to loans 128 185 58
Conversion of loans to repossessed assets 130 194 128
Cash paid during the period for:      
Interest (net of interest credited) 3,132 3,020 2,634
Income taxes $ 3,132 $ 4,695 $ 4,429