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,
	2007	2006	2005
Basic
Average shares outstanding	2,225,658	2,224,409	2,225,493
Net income	$2,928,413	$2,784,166	$   104,259
Basic earnings per share	$         1.32	$         1.25	$         0.05
Diluted   Average shares outstanding	2,225,658	2,224,409	2,225,493
Net effect of dilutive stock options - based on the     treasury stock method using the period end market     price, if greater than average market     price	38,578	27,852	64,255
Total	2,264,326	2,252,261	2,289,748
Net income	$2,928,413	$2,784,166	$   104,259
Diluted earnings per share	$         1.29	$         1.24	$         0.05