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Southern Missouri Bancorp, Inc. -- CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Interest Income:      
Loans $ 51,515 $ 37,552 $ 34,355
Investment securities 1,996 1,951 1,528
Mortgage-backed securities 1,674 943 341
Other interest-earning assets 116 25 67
TOTAL INTEREST INCOME 55,301 40,471 36,291
Interest Expense:      
Deposits 6,859 5,963 6,073
Securities sold under agreements to repurchase 117 132 202
Advances from FHLB of Des Moines 1,278 1,085 999
Subordinated debt 512 305 227
TOTAL INTEREST EXPENSE 8,766 7,485 7,501
NET INTEREST INCOME 46,535 32,986 28,790
Provision for loan losses 3,185 1,646 1,716
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 43,350 31,340 27,074
Noninterest income:      
Deposit account charges and related fees 3,456 2,616 1,873
Bank card interchange income 2,294 1,433 1,185
Loan late charges 401 241 240
Loan servicing fees 143 41  
Other loan fees 720 443 290
Net realized gains on sale of loans 656 503 303
Net realized gains on sale of AFS securities 6 116  
Earnings on bank owned life insurance 569 540 510
Other income 414 199 67
TOTAL NONINTEREST INCOME 8,659 6,132 4,468
Noninterest expense:      
Compensation and benefits 17,828 12,265 10,136
Occupancy and equipment, net 5,879 3,846 2,817
Deposit insurance premiums 686 462 378
Legal and professional fees 897 1,524 477
Advertising 904 520 313
Postage and office supplies 577 568 470
Intangible amortization 1,253 674 417
Bank card network fees 1,019 1,114 567
Other operating expense 3,242 2,673 1,946
TOTAL NONINTEREST EXPENSE 32,285 23,646 17,521
INCOME BEFORE INCOME TAXES 19,724 13,826 14,021
Income Taxes      
Current 6,586 4,353 3,724
Deferred (530) (608) 230
Total Income Taxes 6,056 3,745 3,954
NET INCOME 13,668 10,081 10,067
Less: dividend on preferred shares 200 200 345
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 13,468 $ 9,881 $ 9,722
Basic earnings per share available to common stockholders $ 1.84 $ 1.49 $ 1.48
Diluted earnings per share available to common stockholders 1.79 1.45 1.44
Dividends paid $ 0.34 $ 0.32 $ 0.30