SOUTHERN MISSOURI BANCORP INC

For the period ended Mar 31, 2025. Filed May 12, 2025.

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.

Mar 31, 2025 · Filed May 12, 2025

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 NINE- MONTH PERIODS ENDED MARCH 31, 2025 AND 2024 (Unaudited)


· · Nine months ended ·
· March 31, ·
(dollars in thousands) · 2025 · 2024
Cash Flows From Operating Activities:
Net Income	$42,792	$36,652
Items not requiring (providing) cash:
Depreciation	4,866	4,452
Loss (gain) on disposal of fixed assets	72	(13)
Stock option and stock grant expense	1,570	940
(Gain) loss on sale/write-down of foreclosed property	(29)	55
Amortization of intangible assets	2,683	3,053
Accretion of purchase accounting adjustments	(3,348)	(4,277)
Increase in cash surrender value of bank owned life insurance (BOLI)	(1,551)	(1,413)
Provision for credit losses	4,023	2,700
(Gain) loss realized on sale of AFS securities	(48)	1,489
Net accretion of premiums and discounts on securities	(1,161)	(500)
Originations of loans held for sale	(14,131)	(16,263)
Proceeds from sales of loans held for sale	14,815	16,021
Gain on sales of loans held for sale	(608)	(616)
Changes in:
Accrued interest receivable	(1,957)	(2,936)
Prepaid expenses and other assets	465	(848)
Accounts payable and other liabilities	8,647	8,889
Deferred income taxes	—	420
Accrued interest payable	(2,866)	7,242
Net cash provided by operating activities	54,234	55,047
Cash Flows From Investing Activities:
Net increase in loans	(172,472)	(149,660)
Net change in interest-bearing deposits	248	744
Proceeds from maturities of available for sale securities	49,902	28,032
Proceeds from sales of available for sale securities	72	29,375
Net (purchases) redemptions of Federal Home Loan Bank stock	(444)	2,873
Purchases of Federal Reserve Bank of St. Louis stock	(23)	(6)
Purchases of available-for-sale securities	(79,352)	(70,848)
Purchases of long-term investments and other assets	(362)	(160)
Purchases of premises and equipment	(4,787)	(7,125)
Investments in state & federal tax credits	(1,934)	(6,494)
Proceeds from sale of fixed assets	—	16
Proceeds from sale of foreclosed assets	2,785	992
Net cash used in investing activities	(206,367)	(172,261)
Cash Flows From Financing Activities:
Net increase (decrease) in demand deposits and savings accounts	47,076	(10,304)
Net increase in certificates of deposits	271,265	280,292
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	(258,040)	(302,539)
Exercise of stock options	—	391
Purchase of treasury stock	—	(187)
Dividends paid on common stock	(7,783)	(7,145)
Net cash provided by financing activities	318,120	231,508
Increase in cash and cash equivalents	165,987	114,294
Cash and cash equivalents at beginning of period	60,904	53,979
Cash and cash equivalents at end of period	$226,891	$168,273
Supplemental disclosures of cash flow information:
Noncash investing and financing activities:
Conversion of loans to foreclosed real estate	$625	$1,742
Conversion of loans to repossessed assets	74	191
Right of use (ROU) assets obtained in exchange for lease obligations: Operating Leases	—	734

Cash paid during the period for:
Interest (net of interest credited)	$5,978	$5,984
Income taxes	4,889	1,882

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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.