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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

- Condensed Consolidated Statements of Income


· · Three months ended · Six months ended ·
· December 31, · · December 31, ·
(dollars in thousands except per share data) · 2023 · 2022 · 2023 · 2022

Interest Income
Loans	$55,137	$36,993	$108,111	$70,173
Investment securities	1,776	778	3,489	1,443
Mortgage-backed securities	3,485	1,013	6,857	2,003
Other interest-earning assets	1,178	67	1,227	228
Total interest income	61,576	38,851	119,684	73,847
Interest Expense
Deposits	25,571	8,594	46,011	14,356
Advances from FHLB	1,079	1,657	2,918	2,095
Subordinated debt	440	349	874	638
Total interest expense	27,090	10,600	49,803	17,089
Net Interest Income	34,486	28,251	69,881	56,758
Provision for Credit Losses	900	1,138	1,800	6,194
Net Interest Income After Provision for Credit Losses	33,586	27,113	68,081	50,564
Noninterest Income
Deposit account charges and related fees	1,784	1,713	3,574	3,489
Bank card interchange income	1,329	1,079	2,673	2,097
Loan late charges	146	119	259	241
Loan servicing fees	285	257	515	569
Other loan fees	644	612	1,001	1,494
Net realized gains on sale of loans	304	127	517	419
Net realized losses on sale of AFS securities	(682)	—	(682)	—
Earnings on bank owned life insurance	472	319	931	637
Insurance brokerage commissions	310	293	573	550
Wealth management	668	430	1,463	778
Other income	380	507	668	696
Total noninterest income	5,640	5,456	11,492	10,970
Noninterest Expense
Compensation and benefits	12,961	9,793	25,610	19,545
Occupancy and equipment, net	3,478	2,442	6,992	4,890
Data processing expense	2,382	1,430	4,690	2,875
Telecommunications expense	465	347	996	677
Deposit insurance premiums	598	263	1,147	478
Legal and professional fees	387	852	803	1,263
Advertising	392	216	857	665
Postage and office supplies	283	235	586	448
Intangibles amortization	1,018	402	2,035	803
Foreclosed property expenses (gains)	44	35	36	(6)
Other operating expense	1,852	1,623	3,816	2,919
Total noninterest expense	23,860	17,638	47,568	34,557
Income Before Income Taxes	15,366	14,931	32,005	26,977
Income Taxes	3,173	3,267	6,660	5,710
Net Income	$12,193	$11,664	$25,345	$21,267

Basic earnings per share	$1.08	$1.26	$2.24	$2.30
Diluted earnings per share	$1.07	$1.26	$2.23	$2.30
Dividends paid	$0.21	$0.21	$0.42	$0.42

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SOUTHERN MISSOURI BANCORP, INC

ContentsView on SEC.gov

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