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Note 20: Condensed Parent Company Only Financial Statements | 12 Months Ended
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Jun. 30, 2016
Notes |
Note 20: Condensed Parent Company Only Financial Statements | NOTE 20: 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:
(dollars in thousands) | June 30,
Condensed Balance Sheets | 2016 | 2015
Assets |  |
Cash and cash equivalents | $ 4,076 | $ 902
Other assets | 4,951 | 7,365
Investment in common stock of Bank | 132,540 | 139,583
TOTAL ASSETS | $ 141,567 | $ 147,850
Liabilities and Stockholders’ Equity |  |
Accrued expenses and other liabilities | $ 848 | $ 549
Subordinated debt | 14,753 | 14,658
TOTAL LIABILITIES | 15,601 | 15,207
Stockholders’ equity | 125,966 | 132,643
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 141,567 | $ 147,850
(dollars in thousands) | Year ended June 30,
Condensed Statements of Income | 2016 | 2015 | 2014
Interest income | $ 14 | $ 115 | $ 255
Interest expense | 568 | 512 | 305
Net interest expense | (554) | (397) | (50)
Dividends from Bank | 23,600 | 13,200 | 3,000
Operating expenses | 294 | 940 | 1,141
Income before income taxes and |  |  |
equity in undistributed income of the Bank | 22,752 | 11,863 | 1,809
Income tax benefit | 325 | 463 | 444
Income before equity in undistributed |  |  |
income of the Bank | 23,077 | 12,326 | 2,253
Equity in undistributed income of the Bank | (8,229) | 1,342 | 7,828
NET INCOME | $ 14,848 | $ 13,668 | $ 10,081
COMPREHENSIVE INCOME | $ 15,649 | $ 13,941 | $ 10,848
(dollars in thousands) | Year ended June 30,
Condensed Statements of Cash Flow | 2016 | 2015 | 2014
Cash Flows from operating activities: |  |  |  |
Net income | $ 14,848 | $ 13,668 | $ 10,081
Changes in: |  |  |  |
Equity in undistributed income of the Bank | 8,229 | (1,342) | (7,828)
Other adjustments, net | 401 | 78 | 65
NET CASH PROVIDED BY OPERATING ACTIVITES | 23,478 | 12,404 | 2,318
Cash flows from investing activities: |  |  |
Proceeds from loan participations | - | 2,593 | 3,912
Proceeds from sale of real estate | 2,407 | - | 850
Purchases of premises and equipment | - | - | (3,257)
Investments in Bank subsidiaries | - | (11,774) | (11,988)
Retirement of debt in acquisitions | - | (2,936) | (692)
Investments in state and federal tax credits | - | - | (225)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 2,407 | (12,117) | (11,400)
Cash flows from financing activities: |  |  |
Dividends on preferred stock | (135) | (200) | (200)
Dividends on common stock | (2,675) | (2,517) | (2,119)
Exercise of stock options | 99 | 332 | 524
Redemption of common stock warrants | - | (2,700) | -
Redemption of preferred stock | (20,000) | - | -
NET CASH USED IN FINANCING ACTIVITIES | (22,711) | (5,085) | (1,795)
Net increase (decrease) in cash and cash equivalents | 3,174 | (4,798) | (10,877)
Cash and cash equivalents at beginning of year | 902 | 5,700 | 16,577
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ 4,076 | $ 902 | $ 5,700

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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 FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
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