SOUTHERN MISSOURI BANCORP INC

For the period ended Dec 31, 2023. Filed Feb 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed Feb 9, 2024

SMBC$71.49-0.6%Stored close · as of Nov 10, 2026

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Contents

- Condensed Consolidated Statements of Cash Flows

FOR THE SIX- MONTH PERIODS ENDED DECEMBER 31, 2023 AND 2022 (Unaudited)


· · Six months ended ·
· December 31, ·
(dollars in thousands) · 2023 · 2022

Cash Flows From Operating Activities:
Net Income	$25,345	$21,267
Items not requiring (providing) cash:
Depreciation	2,925	2,247
Loss (gain) on disposal of fixed assets	2	(317)
Stock option and stock grant expense	415	109
Loss (gain) on sale/write-down of REO	28	(30)
Amortization of intangible assets	2,035	803
Accretion of purchase accounting adjustments	(3,074)	(868)
Increase in cash surrender value of bank owned life insurance (BOLI)	(931)	(637)
Provision for credit losses	1,800	6,194
Loss realized on sale of AFS securities	682	—
Net (accretion) amortization of premiums and discounts on securities	(237)	481
Originations of loans held for sale	(11,967)	(11,395)
Proceeds from sales of loans held for sale	11,653	11,362
Gain on sales of loans held for sale	(517)	(419)
Changes in:
Accrued interest receivable	(5,620)	(3,321)
Prepaid expenses and other assets	(1,099)	(776)
Accounts payable and other liabilities	3,700	2,507
Deferred income taxes	—	13
Accrued interest payable	6,015	1,339
Net cash provided by operating activities	31,155	28,559
Cash flows from investing activities:
Net increase in loans	(111,447)	(274,628)
Net change in interest-bearing deposits	496	496
Proceeds from maturities of available for sale securities	18,852	10,540
Proceeds from sales of available for sale securities	11,750	—
Net redemptions (purchases) of Federal Home Loan Bank stock	2,582	(1,121)
Net purchases of Federal Reserve Bank of St. Louis stock	(4)	(17)
Purchases of available-for-sale securities	(26,893)	(6,446)
Purchases of long-term investment	(70)	(75)
Purchases of premises and equipment	(2,811)	(1,582)
Investments in state & federal tax credits	(6,275)	(3,860)
Proceeds from sale of fixed assets	—	3,464
Proceeds from sale of foreclosed assets	961	400
Proceeds from BOLI claim	—	270
Net cash used in investing activities	(112,859)	(272,559)
Cash flows from financing activities:
Net (decrease) increase in demand deposits and savings accounts	(50,970)	50,894
Net increase in certificates of deposits	320,334	139,850
Proceeds from Federal Home Loan Bank advances	271,000	1,507,630
Repayments of Federal Home Loan Bank advances	(291,526)	(1,484,155)
Dividends paid on common stock	(4,760)	(3,876)
Net cash provided by financing activities	244,078	210,343
Increase (decrease) in cash and cash equivalents	162,374	(33,657)
Cash and cash equivalents at beginning of period	53,979	86,792
Cash and cash equivalents at end of period	$216,353	$53,135
Supplemental disclosures of cash flow information:
Noncash investing and financing activities:
Conversion of loans to foreclosed real estate	$1,742	$10
Conversion of loans to repossessed assets	137	41
Right of use assets obtained in exchange for lease obligations: Operating Leases	2,238	82

Cash paid during the period for:
Interest (net of interest credited)	$4,387	$3,081
Income taxes	1,032	1,662

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SOUTHERN MISSOURI BANCORP, INC.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.