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,
	2009		2008		2007
Basic    Average shares outstanding		2,123,144		2,199,928		2,225,658
Net income	$	3,835,077	$	3,613,480	$	2,928,413
Less: effective dividend on preferred shares		288,841		-		-
Net income available to common stockholders	$	3,546,236	$	3,613,480	$	2,928,413
Basic earnings per share available to common       stockholders	$	1.67	$	1.64	$	1.32
Diluted    Average shares outstanding		2,123,144		2,199,928		2,225,658
Net effect of dilutive stock options - based on the       treasury stock method using the period end market       price, if greater than average market price		1,225		12,204		38,578
Total		2,124,369		2,212,132		2,264,326
Net income	$	3,835,077	$	3,613,480	$	2,928,413
Less: effective dividend on preferred shares		288,841		-		-
Net income available to common stockholders	$	3,546,236	$	3,613,480	$	2,928,413
Diluted earnings per share available to common       stockholders	$	1.67	$	1.63	$	1.29