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Condensed Parent Company Only Financial Statements | 12 Months Ended
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Jun. 30, 2012
Notes |
Condensed Parent Company Only Financial Statements | NOTE 20: Condensed Parent Company Only Financial Statements The following condensed balance sheets, statements of 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,
Condensed Balance Sheets | 2012 | 2011
Assets |  |
Cash and cash equivalents | $ 15,342,647 | $ 816,033
Other assets | 6,994,591 | 404,518
Investment in common stock of Bank | 79,233,550 | 61,962,129
TOTAL ASSETS | $101,570,788 | $ 63,182,680
Liabilities and Stockholder's Equity |  |
Accrued expenses and other liabilities | $ (374,284) | $ 233,572
Subordinated debt | 7,217,000 | 7,217,000
TOTAL LIABILITIES | 6,842,716 | 7,450,572
Stockholder's equity | 94,728,072 | 55,732,108
TOTAL LIABILITIES AND |  |
STOCKHOLDER'S EQUITY | $101,570,788 | $ 63,182,680
| Year ended June 30
Condensed Statements of Income | 2012 | 2011 | 2010
Interest income | $ 110,741 | $ 17,438 | $ 62,324
Interest expense | 232,154 | 226,776 | 227,020
Net interest expense | (121,413) | (209,338) | (164,696)
Dividends from Bank | 2,700,000 | 2,000,000 | 2,000,000
Operating expenses | 410,759 | 325,857 | 467,661
Income before income taxes and equity in undistributed income of the Bank | 2,167,828 | 1,464,805 | 1,367,643
Income tax benefit | 199,000 | 170,100 | 225,100
Income before equity in undistributed income of the Bank | 2,366,828 | 1,634,905 | 1,592,743
Equity in undistributed income of the Bank | 7,731,435 | 9,835,126 | 3,032,845
NET INCOME | $10,098,263 | $11,470,031 | $4,625,588
| Year ended June 30
Condensed Statements of Cash Flow | 2012 | 2011 | 2010
Cash Flows from operating activities: |  |  |
Net income | $10,098,263 | $11,470,031 | $4,625,588
Changes in: |  |  |
Equity in undistributed income of the Bank | (7,731,435) | (9,835,126) | (3,032,845)
Other adjustments, net | (476,769) | 335,400 | 258,960
NET CASH PROVIDED BY |  |  |
OPERATING ACTIVITES | 1,890,059 | 1,970,305 | 1,851,703
Cash flows from investing activities: |  |  |
Proceeds from (investment in) loan participations | (6,721,160) | 284,011 | 2,465,989
Proceeds from sale of real estate | - | - | 2,016,991
Investment in Bank subsidiary | - | (4,500,000) | (2,000,000)
NET CASH (USED IN) OR PROVIDED BY |  |  |
INVESTING ACTIVITIES | (6,721,160) | (4,215,989) | 2,482,980
Cash flows from financing activities: |  |  |
Proceeds from issuance of preferred stock | 19,973,208 | - | -
Proceeds from issuance of common stock | 19,914,349 | - | -
Dividends on preferred stock | (368,760) | (477,500) | (477,500)
Dividends on common stock | (1,283,928) | (1,004,749) | (1,002,156)
Exercise of stock options | 22,845 | 82,730 | -
Redemption of preferred stock | (9,550,000) | - | -
Investments in bank subsidiary | (9,350,000) | - | -
NET CASH (USED IN) OR PROVIDED BY |  |  |
FINANCING ACTIVITIES | 19,357,714 | (1,399,519) | (1,479,656)
Net (decrease) increase in cash and cash equivalents | 14,526,613 | (3,645,203) | 2,855,027
Cash and cash equivalents at beginning of year | 816,033 | 4,461,236 | 1,606,209
CASH AND CASH EQUIVALENTS |  |  |
AT END OF YEAR | $15,342,646 | $816,033 | $4,461,236

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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