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Note 21: Condensed Parent Company Only Financial Statements | 12 Months Ended
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Jun. 30, 2013
Notes |
Note 21: Condensed Parent Company Only Financial Statements | NOTE 21: Condensed Parent Company Only Financial Statements The following condensed balance sheets, statements of income and comprehensive 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 | 2013 | 2012
Assets |  |
Cash and cash equivalents | $16,576,832 | $15,342,647
Other assets | 6,771,627 | 6,994,591
Investment in common stock of Bank | 85,798,652 | 79,233,550
TOTAL ASSETS | $109,147,111 | $101,570,788
Liabilities and Stockholder's Equity |  |
Accrued expenses and other liabilities | $100,758 | $(374,284)
Subordinated debt | 7,217,000 | 7,217,000
TOTAL LIABILITIES | 7,317,758 | 6,842,716
Stockholder's equity | 101,829,353 | 94,728,072
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | $109,147,111 | $101,570,788
| Year ended June 30,
Condensed Statements of Income and Comprehensive Income | 2013 | 2012 | 2011
Interest income | $311,013 | $110,741 | $17,438
Interest expense | 227,127 | 232,154 | 226,776
Net interest income (expense) | 83,886 | (121,413) | (209,338)
Dividends from Bank | 3,000,000 | 2,700,000 | 2,000,000
Operating expenses | 368,747 | 410,759 | 325,857
Income before income taxes and equity |  |  |
in undistributed income of the Bank | 2,715,139 | 2,167,828 | 1,464,805
Income tax benefit | 107,000 | 199,000 | 170,100
Income before equity in undistributed |  |  |
income of the Bank | 2,822,139 | 2,366,828 | 1,634,905
Equity in undistributed income of the Bank | 7,245,076 | 7,731,435 | 9,835,126
NET INCOME | $10,067,215 | $10,098,263 | $11,470,031
COMPREHENSIVE INCOME | $9,188,374 | $10,262,544 | $11,417,687
| Year ended June 30,
Condensed Statements of Cash Flow | 2013 | 2012 | 2011
Cash Flows from operating activities: |  |  |
Net income | $10,067,215 | $10,098,263 | $11,470,031
Changes in: |  |  |
Equity in undistributed income of the Bank | (7,245,076) | (7,731,435) | (9,835,126)
Other adjustments, net | 482,570 | (476,769) | 335,400
NET CASH PROVIDED BY OPERATING ACTIVITES | 3,304,709 | 1,890,059 | 1,970,305
Cash flows from investing activities: |  |  |
Proceeds from (investment in) loan participations | 215,536 | (6,721,160) | 284,011
Investment in Bank subsidiary | (100) | - | (4,500,000)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 215,436 | (6,721,160) | (4,215,989)
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 | (411,553) | (368,760) | (477,500)
Dividends on common stock | (1,974,924) | (1,283,928) | (1,004,749)
Exercise of stock options | 100,518 | 22,845 | 82,730
Redemption of preferred stock | - | (9,550,000) | -
Investments in bank subsidiary | - | (9,350,000) | -
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (2,285,959) | 19,357,714 | (1,399,519)
Net increase (decrease) in cash and cash equivalents | 1,234,186 | 14,526,613 | (3,645,203)
Cash and cash equivalents at beginning of year | 15,342,646 | 816,033 | 4,461,236
CASH AND CASH EQUIVALENTS AT END OF YEAR | $16,576,832 | $15,342,646 | $816,033

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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 06 -Article 9 Reference 2: 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=26873400&loc=d3e24072-122690 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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