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Note 20: Condensed Parent Company Only Financial Statements | 12 Months Ended
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Jun. 30, 2017
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 | 2017 | 2016
Assets |  |
Cash and cash equivalents | $ 10,856 | $ 4,076
Other assets | 9,017 | 4,951
Investment in common stock of Bank | 172,324 | 132,540
TOTAL ASSETS | $ 192,197 | $ 141,567
Liabilities and Stockholders' Equity |  |
Accrued expenses and other liabilities | $ 4,141 | $ 848
Subordinated debt | 14,848 | 14,753
TOTAL LIABILITIES | 18,989 | 15,601
Stockholders' equity | 173,208 | 125,966
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 192,197 | $ 141,567
(dollars in thousands) | Year ended June 30,
Condensed Statements of Income | 2017 | 2016 | 2015
Interest income | $ 17 | $ 14 | $ 115
Interest expense | 661 | 568 | 512
Net interest expense | (644) | (554) | (397)
Dividends from Bank | 4,000 | 23,600 | 13,200
Operating expenses | 955 | 294 | 940
Income before income taxes and |  |  |
equity in undistributed income of the Bank | 2,401 | 22,752 | 11,863
Income tax benefit | 455 | 325 | 463
Income before equity in undistributed |  |  |
income of the Bank | 2,856 | 23,077 | 12,326
Equity in undistributed income of the Bank | 12,696 | (8,229) | 1,342
NET INCOME | $ 15,552 | $ 14,848 | $ 13,668
COMPREHENSIVE INCOME | $ 14,417 | $ 15,649 | $ 13,941
(dollars in thousands) | Year ended June 30,
Condensed Statements of Cash Flow | 2017 | 2016 | 2015
Cash Flows from operating activities: |  |  |
Net income | $ 15,552 | $ 14,848 | $ 13,668
Changes in: |  |  |
Equity in undistributed income of the Bank | (12,696) | 8,229 | (1,342)
Other adjustments, net | 412 | 401 | 78
NET CASH PROVIDED BY OPERATING ACTIVITES | 3,268 | 23,478 | 12,404
Cash flows from investing activities: |  |  |
Proceeds from loan participations | - | - | 2,593
Proceeds from sale of real estate | - | 2,407 | -
Investments in Bank subsidiaries | (11,062) | - | (11,774)
Retirement of debt in acquisitions | - | - | (2,936)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (11,062) | 2,407 | (12,117)
Cash flows from financing activities: |  |  |
Dividends on preferred stock | - | (135) | (200)
Dividends on common stock | (2,981) | (2,675) | (2,517)
Exercise of stock options | 61 | 99 | 332
Redemption of common stock warrants | - | - | (2,700)
Redemption of preferred stock | - | (20,000) | -
Proceeds from issuance of common stock | 24,144 | - | -
Proceeds from issuance of long term debt | 15,000 | - | -
Repayments of long term debt | (15,650) | - | -
Injection of capital to subsidiary | (6,000) | - | -
NET CASH USED IN FINANCING ACTIVITIES | 14,574 | (22,711) | (5,085)
Net increase (decrease) in cash and cash equivalents | 6,780 | 3,174 | (4,798)
Cash and cash equivalents at beginning of year | 4,076 | 902 | 5,700
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ 10,856 | $ 4,076 | $ 902

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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=96868048&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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