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Southern Missouri Bancorp, Inc. -- CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Interest Income:      
Loans $ 57,988 $ 52,850 $ 51,515
Investment securities 1,975 1,965 1,996
Mortgage-backed securities 1,496 1,467 1,674
Other interest-earning assets 29 35 116
TOTAL INTEREST INCOME 61,488 56,317 55,301
Interest Expense:      
Deposits 8,472 7,407 6,859
Securities sold under agreements to repurchase 95 119 117
Advances from FHLB of Des Moines 1,138 1,271 1,278
Notes payable 13    
Subordinated debt 648 568 512
TOTAL INTEREST EXPENSE 10,366 9,365 8,766
NET INTEREST INCOME 51,122 46,952 46,535
Provision for loan losses 2,340 2,494 3,185
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 48,782 44,458 43,350
Noninterest income:      
Deposit account charges and related fees 3,824 3,588 3,456
Bank card interchange income 2,864 2,580 2,294
Loan late charges 432 351 401
Loan servicing fees 397 176 143
Other loan fees 1,146 806 720
Net realized gains on sale of loans 840 641 656
Net realized gains on sale of AFS securities   5 6
Earnings on bank owned life insurance 1,135 928 569
Other income 446 683 414
TOTAL NONINTEREST INCOME 11,084 9,758 8,659
Noninterest expense:      
Compensation and benefits 19,406 17,769 17,828
Occupancy and equipment, net 8,418 7,132 5,879
Deposit insurance premiums 681 657 686
Legal and professional fees 1,233 576 897
Advertising 1,102 932 904
Postage and office supplies 561 623 577
Intangible amortization 911 1,025 1,253
Bank card network expense 1,150 971 1,019
Other operating expense 4,790 3,001 3,242
TOTAL NONINTEREST EXPENSE 38,252 32,686 32,285
INCOME BEFORE INCOME TAXES 21,614 21,530 19,724
Income Taxes      
Current 4,899 6,206 6,586
Deferred 1,163 476 (530)
TOTAL INCOME TAXES 6,062 6,682 6,056
NET INCOME 15,552 14,848 13,668
Less: dividend on preferred shares   85 200
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 15,552 $ 14,763 $ 13,468
Basic earnings per share available to common stockholders $ 2.08 $ 1.99 $ 1.84
Diluted earnings per share available to common stockholders 2.07 1.98 1.79
Dividends paid $ 0.40 $ 0.36 $ 0.34