Condensed Parent Company Only Financial Statements

12 Months Ended

Jun. 30, 2025

Condensed Parent Company Only Financial Statements

Condensed Parent Company Only Financial Statements

NOTE 19: Condensed Parent Company Only Financial Statements

The following condensed balance sheets, statements of income and comprehensive income and cash flows for Southern Missouri Bancorp, Inc. should be read in conjunction with the consolidated financial statements and the notes thereto:

	June 30,
(dollars in thousands)	2025		2024
Condensed Balance Sheets
Assets
Cash and cash equivalents	$	18,449	$	13,967
Other assets		51,483		52,220
Investment in common stock of Bank		498,347		446,131
TOTAL ASSETS	$	568,279	$	512,318
Liabilities and Stockholders' Equity
Accrued expenses and other liabilities	$	379	$	414
Subordinated debt		23,208		23,156
TOTAL LIABILITIES		23,587		23,570
Stockholders' equity		544,692		488,748
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	568,279	$	512,318

	Year ended June 30,
(dollars in thousands)	2025		2024		2023
Condensed Statements of Income
Interest income	$	37	$	41	$	32
Interest expense		1,628		1,742		1,439
Net interest expense		(1,591)		(1,701)		(1,407)
Dividends from Bank		17,000		16,000		48,000
Operating expenses		1,248		1,018		3,041
Income before income taxes and equity in undistributed income of the Bank		14,161		13,281		43,552
Income tax (expense) benefit		(54)		571		552
Income before equity in undistributed income of the Bank		14,107		13,852		44,104
Equity in undistributed income of the Bank		44,471		36,330		(4,867)
NET INCOME	$	58,578	$	50,182	$	39,237
COMPREHENSIVE INCOME	$	64,655	$	54,652	$	34,799

	Year ended June 30,
(dollars in thousands)	2025		2024		2023
Condensed Statements of Cash Flow
Cash Flows from operating activities:
Net income	$	58,578	$	50,182	$	39,237
Changes in:
Equity in undistributed income of the Bank		(44,471)		(36,330)		4,867
Other adjustments, net		753		56		388
NET CASH PROVIDED BY OPERATING ACTIVITES		14,860		13,908		44,492
Investments in Bank subsidiaries		—		—		(31,382)
NET CASH USED IN INVESTING ACTIVITIES		—		—		(31,382)
Cash flows from financing activities:
Dividends on common stock		(10,378)		(9,526)		(8,632)
Payments to acquire treasury stock		—		(3,857)		—
NET CASH USED IN FINANCING ACTIVITIES		(10,378)		(13,383)		(8,632)
Net increase in cash and cash equivalents		4,482		525		4,478
Cash and cash equivalents at beginning of year		13,967		13,442		8,964
CASH AND CASH EQUIVALENTS AT END OF YEAR	$	18,449	$	13,967	$	13,442