SOUTHERN MISSOURI BANCORP INC

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 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 THREEE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023 (Unaudited)


· · Three months ended ·
· September 30, ·
(dollars in thousands) · 2024 · 2023

Cash Flows From Operating Activities:
Net Income	$12,458	$13,151
Items not requiring (providing) cash:
Depreciation	1,608	1,439
Loss on disposal of fixed assets	67	1
Stock option and stock grant expense	128	333
Loss on sale/write-down of foreclosed property	29	17
Amortization of intangible assets	897	1,018
Accretion of purchase accounting adjustments	(937)	(1,641)
Increase in cash surrender value of bank owned life insurance (BOLI)	(517)	(458)
Provision for credit losses	2,159	900
Net accretion of premiums and discounts on securities	(444)	(101)
Originations of loans held for sale	(4,637)	(5,614)
Proceeds from sales of loans held for sale	5,248	5,571
Gain on sales of loans held for sale	(361)	(213)
Changes in:
Accrued interest receivable	(5,123)	(4,771)
Prepaid expenses and other assets	(363)	395
Accounts payable and other liabilities	965	1,800
Accrued interest payable	(1,185)	2,378
Net cash provided by operating activities	9,992	14,205
Cash Flows From Investing Activities:
Net increase in loans	(116,106)	(80,558)
Net change in interest-bearing deposits	248	248
Proceeds from maturities of available for sale securities	19,708	9,525
Net (purchases) redemptions of Federal Home Loan Bank stock	(259)	640
Net (purchases) redemptions of Federal Reserve Bank of St. Louis stock	(3)	1
Purchases of available-for-sale securities	(2,737)	(1,214)
Purchases of long-term investment	(50)	(40)
Purchases of premises and equipment	(1,431)	(1,427)
Investments in state & federal tax credits	—	(865)
Proceeds from sale of foreclosed assets	4	10
Net cash used in investing activities	(100,626)	(73,680)
Cash Flows From Financing Activities:
Net decrease in demand deposits and savings accounts	(87,791)	(98,627)
Net increase in certificates of deposits	184,874	214,209
Net increase in securities sold under agreements to repurchase	5,602	—
Proceeds from Federal Home Loan Bank advances	260,000	271,000
Repayments of Federal Home Loan Bank advances	(255,014)	(290,513)
Dividends paid on common stock	(2,594)	(2,380)
Net cash provided by financing activities	105,077	93,689
Increase in cash and cash equivalents	14,443	34,214
Cash and cash equivalents at beginning of period	60,904	53,979
Cash and cash equivalents at end of period	$75,347	$88,193
Supplemental disclosures of cash flow information:
Noncash investing and financing activities:
Conversion of loans to foreclosed real estate	$—	$1,375
Conversion of loans to repossessed assets	7	77
Right of use assets obtained in exchange for lease obligations: Operating Leases	—	2,333

Cash paid during the period for:
Interest (net of interest credited)	$1,978	$2,380
Income taxes	4,022	539

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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.