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SOUTHERN MISSOURI BANCORP, INC -- CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME:    
Loans $ 14,250 $ 13,098
Investment securities 506 495
Mortgage-backed securities 345 370
Other interest-earning assets 4 7
Total interest income 15,105 13,970
INTEREST EXPENSE:    
Deposits 1,932 1,785
Securities sold under agreements to repurchase 27 29
Advances from FHLB of Des Moines 418 317
Subordinated debt 152 135
Total interest expense 2,529 2,266
NET INTEREST INCOME 12,576 11,704
PROVISION FOR LOAN LOSSES 925 618
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,651 11,086
NONINTEREST INCOME:    
Deposit account charges and related fees 942 924
Bank card interchange income 685 636
Loan late charges 85 77
Loan servicing fees 56 35
Other loan fees 238 170
Net realized gains on sale of loans 272 133
Earnings on bank owned life insurance 211 145
Other noninterest income 86 82
Total noninterest income 2,575 2,202
NONINTEREST EXPENSE:    
Compensation and benefits 4,787 4,323
Occupancy and equipment, net 2,031 1,665
Deposit insurance premiums 175 161
Legal and professional fees 203 126
Advertising 239 254
Postage and office supplies 132 159
Intangible amortization 228 310
Bank card network expense 279 253
Other operating expense 1,085 737
Total noninterest expense 9,159 7,988
INCOME BEFORE INCOME TAXES 5,067 5,300
INCOME TAXES 1,358 1,665
NET INCOME 3,709 3,635
Less: dividend on preferred shares   50
Net income available to common shareholders $ 3,709 $ 3,585
Basic earnings per common share $ 0.50 $ 0.48
Diluted earnings per common share 0.50 0.48
Dividends per common share $ 0.10 $ 0.09