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SOUTHERN MISSOURI BANCORP, INC - CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME:  
Loans$ 9,555,125$ 6,559,006
Investment securities353,177318,292
Mortgage-backed securities276,567389,721
Other interest-earning assets29,03427,810
Total interest income10,213,9037,294,829
INTEREST EXPENSE:  
Deposits2,282,9842,165,563
Securities sold under agreements to repurchase59,70263,420
Advances from FHLB of Des Moines339,391490,935
Subordinated debt54,04859,966
Total interest expense2,736,1252,779,884
NET INTEREST INCOME7,477,7784,514,945
PROVISION FOR LOAN LOSSES516,683642,681
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES6,961,0953,872,264
NONINTEREST INCOME:  
Deposit account charges and related fees371,151390,547
Bank card transaction fees263,606201,122
Loan late charges58,92456,535
Other loan fees50,30348,460
Net realized gains on sale of loans93,67818,401
Earnings on bank owned life insurance71,55369,205
Other noninterest income207,27935,289
Total noninterest income1,116,494819,559
NONINTEREST EXPENSE:  
Compensation and benefits2,252,0911,668,443
Occupancy and equipment, net582,205447,442
Deposit insurance premiums93,072150,855
Professional fees98,15172,506
Advertising87,06852,270
Postage and office supplies122,58574,913
Amortization of intangible assets104,28373,035
Bank card network fees132,076101,000
Other noninterest expense311,459221,017
Total noninterest expense3,782,9902,861,481
INCOME BEFORE INCOME TAXES4,294,5991,830,342
INCOME TAXES1,444,207527,750
NET INCOME2,850,3921,302,592
Less: charge for early redemption of preferred stock issued at discount94,365 
Less: effective dividend on preferred shares136,033127,818
Net income available to common shareholders$ 2,619,994$ 1,174,774
Basic earnings per common share$ 1.25$ 0.56
Diluted earnings per common share$ 1.21$ 0.56
Dividends per share$ 0.12$ 0.12