EXHIBIT 11

Statement Regarding Computation of Per Share Earnings


SOUTHERN MISSOURI BANCORP, INC. AND SUBSIDIARY STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

	Year Ended June 30,
	2006	2005	2004
Basic    Average shares outstanding	2,224,409	2,225,493	2,277,757
Net income	$2,784,166	$   104,259	$2,882,901
Basic earnings per share	$       1.25	$       0.05	$       1.27
Diluted    Average shares outstanding	2,224,409	2,225,493	2,277,757
Net effect of dilutive stock options - based on the     treasury stock method using the period end market     price, if greater than average market price	27,852	64,255	57,543
Total	2,252,261	2,289,748	2,335,300
Net income	$2,784,166	$   104,259	$2,882,901
Diluted earnings per share	$       1.24	$       0.05	$       1.23