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Southern Missouri Bancorp, Inc. -- Consolidated Statements of Income (USD $)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2010
Interest Income:      
Loans $ 36,349,320 $ 32,265,395 $ 24,554,917
Investment securities 1,482,094 1,286,779 1,155,795
Mortgage-backed securities 924,771 1,376,856 1,715,309
Other interest-earning assets 209,119 118,627 115,239
TOTAL INTEREST INCOME 38,965,304 35,047,657 27,541,260
Interest Expense:      
Deposits 8,243,381 9,213,424 8,076,400
Securities sold under agreements to repurchase 234,562 290,203 232,773
Advances from FHLB of Des Moines 1,232,919 1,554,344 2,688,747
Subordinated debt 232,154 226,776 227,019
TOTAL INTEREST EXPENSE 9,943,016 11,284,747 11,224,939
NET INTEREST INCOME 29,022,288 23,762,910 16,316,321
Provision for loan losses 1,784,715 2,384,799 924,933
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 27,237,573 21,378,111 15,391,388
Noninterest income:      
Deposit account charges and related fees 1,524,733 1,570,096 1,384,440
Bank card transaction fees 1,109,503 889,176 641,210
Loan late charges 221,550 231,897 214,444
Other loan fees 200,260 196,185 193,502
Net realized gains on sale of loans 315,674 173,168 220,845
Bargain purchase gain on acquisitions   6,996,750  
Earnings on Bank owned life insurance 343,031 277,540 273,074
Other noninterest income 348,459 167,480 166,617
TOTAL NONINTEREST INCOME 4,063,210 10,502,292 3,094,132
Noninterest expense:      
Compensation and benefits 9,237,003 7,987,470 6,291,436
Occupancy and equipment, net 2,531,587 2,242,284 1,869,597
Deposit insurance premiums 375,001 563,751 554,467
Legal and professional fees 442,931 530,133 306,069
Advertising 340,654 262,294 252,404
Postage and office supplies 441,866 362,201 417,699
Amortization of intangible assets 417,131 354,636 289,066
Bank card network fees 567,584 442,775 360,538
Other noninterest expense 2,251,654 1,713,225 2,007,551
TOTAL NONINTEREST EXPENSE 16,605,411 14,458,769 12,348,827
INCOME BEFORE INCOME TAXES 14,695,372 17,421,634 6,136,693
Income Taxes Current 6,006,254 4,443,982 2,052,105
Income Taxes Deferred (1,409,145) 1,507,621 (541,000)
Total income taxes 4,597,109 5,951,603 1,511,105
NET INCOME 10,098,263 11,470,031 4,625,588
Less: charge for early redemption of preferred stock issued at a discount 94,365    
Less: effective dividend on preferred shares 424,184 511,814 510,006
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS 9,579,714 10,958,217 4,115,582
Basic earnings per share available to common stockholders $ 3.43 $ 5.25 $ 1.98
Diluted earnings per share available to common stockholders $ 3.32 $ 5.12 $ 1.95
Dividends paid $ 0.48 $ 0.48 $ 0.48