<SEC-DOCUMENT>0000927089-20-000580.txt : 20201217
<SEC-HEADER>0000927089-20-000580.hdr.sgml : 20201217
<ACCEPTANCE-DATETIME>20201217170821
ACCESSION NUMBER:		0000927089-20-000580
CONFORMED SUBMISSION TYPE:	11-K/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200630
<SPONSOR-CIK>0000916907
FILED AS OF DATE:		20201217
DATE AS OF CHANGE:		20201217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTHERN MISSOURI BANCORP, INC.
		CENTRAL INDEX KEY:			0000916907
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				431665523
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		11-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23406
		FILM NUMBER:		201396968

	BUSINESS ADDRESS:	
		STREET 1:		2991 OAK GROVE ROAD
		CITY:			POPLAR BLUFF
		STATE:			MO
		ZIP:			63901
		BUSINESS PHONE:		573-778-1800

	MAIL ADDRESS:	
		STREET 1:		2991 OAK GROVE ROAD
		CITY:			POPLAR BLUFF
		STATE:			MO
		ZIP:			63901

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN MISSOURI BANCORP INC
		DATE OF NAME CHANGE:	19940104
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K/A
<SEQUENCE>1
<FILENAME>smbc-11ka063020.htm
<DESCRIPTION>FORM 11-K FOR SOUTHERN MISSOURI BANK 401(K) RETIREMENT PLAN
<TEXT>
<HTML>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2020 [PPXC7JF4UJYCVJRAG6JP]. www.edgarsuite.com -->
<HEAD>
<TITLE>Model Corporation</TITLE>
</HEAD>
<BODY>
<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>UNITED STATES</B></FONT></P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>Washington, D.C. 20549</B></FONT></P>
<P align=center style='font:12pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Arial;margin:0'><FONT style='font-family:Times New Roman'>FORM 11-K/A</FONT></P>
<P align=center style='font:12pt Arial;margin:0'><FONT style='font-family:Times New Roman'>Amendment No. 1</FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>(Mark One)</FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style='font-family:Times New Roman'>[X]</FONT></KBD><KBD style=margin-left:36pt></KBD><FONT style='font-family:Times New Roman'>ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT>&nbsp;</P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>For the fiscal year ended: &nbsp;June 30, 2020</FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>OR</FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style='font-family:Times New Roman'>[&#160;&#160;]</FONT></KBD><KBD style=margin-left:36pt></KBD><FONT style='font-family:Times New Roman'>TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT>&nbsp;</P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>For the transition period from </FONT><FONT style='font-family:Times New Roman;border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</FONT><FONT style='font-family:Times New Roman'> to </FONT><FONT style='font-family:Times New Roman;border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>Commission file number: &nbsp;<B>000-23406</B></FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'><FONT style='font-family:Times New Roman'>A.</FONT></KBD><FONT style='font-family:Times New Roman'>Full title of the plan and the address of the plan, if different from that of the issuer named below:</FONT>&nbsp;</P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'><FONT style='font-family:Times New Roman'>B.</FONT></KBD><FONT style='font-family:Times New Roman'>Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:</FONT>&nbsp;</P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>Southern Missouri Bancorp, Inc.</FONT></P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>2991 Oak Grove Road</FONT></P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'>Poplar Bluff, MO 63901</FONT></P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:11pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>EXPLANAT</B><B>ORY NOTE</B></FONT></P>
<P style='font:11pt Arial;margin:0'>&nbsp;</P>
<P style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'>The sole purpose of this Amendment No. 1 on Form 11-K/A (&#8220;Form 11-K/A&#8221;), which amends the Annual Report on Form 11-K of the Southern Bank 401(k) Retirement Plan filed with the Securities and Exchange Commission on December 17, 2020 (the &quot;Original Form 11-K&quot;), is to correct the &#8220;Report of Independent Registered Public Accounting Firm&#8221; to include the dates that were missing in the Original Form 11-K. &nbsp;No other changes have been made to the Original Form 11-K, and this Form 11-K/A does not amend, update or change any other disclosures contained in the Original Form 11-K, which is restated herein in its entirety.</FONT></P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>SOUTHERN BANK 401(k) RETIREMENT PLAN</B></FONT></P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin:0;color:#000000'>Required Information</P>
<P style='font:10pt Arial;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Arial;margin:0'>The Southern Bank 401(k) Retirement Plan (the &#8220;Plan&#8221;) is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (&#8220;ERISA&#8221;), and for purposes of satisfying the requirements of Form 11-K has included for filing herewith the Plan financial statements and schedules prepared in accordance with the financial reporting requirements of ERISA. Attached to this report as <FONT style='color:#0000FF;border-bottom:1px solid #0000FF'><A href=ex-23.htm style=text-decoration:none>Exhibit 23</A></FONT><FONT style=color:#0000EF> </FONT>is the consent of BKD, LLP.</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
</DIV>
<DIV style=margin-left:90pt;width:432pt><P style='font:10pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:18pt Arial;margin-top:0pt;margin-bottom:12pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:14pt Arial;margin-top:0pt;margin-bottom:12pt'><FONT style='font-family:Times New Roman'>EIN 43-0462350 &nbsp;  &nbsp;PN001</FONT></P>
<P align=center style='font:14pt Arial;margin-top:0pt;margin-bottom:12pt'><FONT style='font-family:Times New Roman'>Report of Independent Registered Public Accounting Firm and Financial Statements</FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:12pt'><FONT style='font-family:Times New Roman'>June 30, 2020 and 2019</FONT></P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
</DIV>
<DIV style=margin-left:72pt;width:468pt><P style='font:12pt Arial;margin-top:0pt;margin-bottom:6pt'><FONT style='font-family:Times New Roman'><B>Contents</B></FONT></P>
<P style='font:11pt Arial;margin-top:0pt;margin-bottom:6pt;text-indent:-10.8pt;margin-left:25.2pt'>&nbsp;</P>
<P style='font:11pt Arial;margin-top:0pt;margin-bottom:6pt;margin-left:25.2pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-10.8pt'><FONT style='font-family:Times New Roman'><B>Report of Independent Registered Public Accounting Firm</B></FONT></KBD><KBD style='position:absolute;text-align:right;font:11pt Times New Roman;width:442.8pt'><FONT style='font-family:Times New Roman'><B>1</B></FONT></KBD>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;text-indent:-10.8pt;margin-left:39.6pt'>&nbsp;</P>
<P style='font:11pt Arial;margin-top:0pt;margin-bottom:6pt;text-indent:-10.8pt;margin-left:25.2pt'><FONT style='font-family:Times New Roman'><B>Financial Statements</B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:39.6pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-10.8pt'>Statements of Net Assets Available for Benefits</KBD><A name=_Aci_Fl2_33 /><KBD style='position:absolute;text-align:right;font:11pt Times New Roman;width:428.4pt'>3</KBD>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:39.6pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-10.8pt'>Statement of Changes in Net Assets Available for Benefits </KBD><A name=_Aci_Fl3_34 /><KBD style='position:absolute;text-align:right;font:11pt Times New Roman;width:428.4pt'>4</KBD>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:39.6pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-10.8pt'>Notes to Financial Statements</KBD><A name=_Aci_Fl4_35 /><KBD style='position:absolute;text-align:right;font:11pt Times New Roman;width:428.4pt'>5</KBD>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;text-indent:-10.8pt;margin-left:39.6pt'>&nbsp;</P>
<P style='font:11pt Arial;margin-top:0pt;margin-bottom:6pt;text-indent:-10.8pt;margin-left:25.2pt'><FONT style='font-family:Times New Roman'><B>Supplemental Schedule</B><B>s</B><B> </B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:39.6pt'><A name=_Hlk55285591 /><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-10.8pt'>Schedule H, Line 4a &#8211;&nbsp;Schedule of Delinquent Participant Contributions</KBD><KBD style='position:absolute;text-align:right;font:11pt Times New Roman;width:428.4pt'>13</KBD>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:39.6pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-10.8pt'>Schedule H, Line 4i &#8211;&nbsp;Schedule of Assets (Held at End of Year)</KBD><KBD style='position:absolute;text-align:right;font:11pt Times New Roman;width:428.4pt'>14</KBD>&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt'>&nbsp;</P>
<P align=center style='font:12pt Arial;margin:0;text-indent:-10.8pt;margin-left:39.6pt'><B>Report of Independent Registered Public Accounting Firm</B></P>
<P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>Plan Administrator, Plan Participants, </P>
<P style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;and Audit Committee</P>
<P style='font:11pt Times New Roman;margin:0'>Southern Bank 401(k) Retirement Plan</P>
<P style='font:11pt Times New Roman;margin:0'>Poplar Bluff, Missouri</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><B><I>Opinion on the Financial Statements</I></B></P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt'>We have audited the accompanying statements of net assets available for benefits of Southern Bank 401(k) Retirement Plan (the &#8220;Plan&#8221;)<B> </B>as of June 30, 2020 and 2019, and the related statement of changes in net assets available for benefits for the year ended June 30, 2020, and the related notes (collectively referred to as the &#8220;financial statements&#8221;). In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of June 30, 2020 and 2019, and the changes in net assets available for benefits for the year ended June 30, 2020, in conformity with accounting principles generally accepted in the United States of America.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'><B><I>Basis of Opinion</I></B></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'>These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on these financial statements based on our audits.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'>We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. </P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt'>We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting. Accordingly, we express no such opinion.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt'>Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>1</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:11pt Times New Roman;margin:0'>Plan Administrator, Plan Participants, </P>
<P style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;and Audit Committee</P>
<P style='font:11pt Times New Roman;margin:0'>Southern Bank 401(k) Retirement Plan</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'>Page 2</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'><B><I>Report on Supplemental Information</I></B></P>
<P style='font:11pt Times New Roman;margin:0'>The supplemental information in the accompanying Schedule of Assets (Held at End of Year) as of </P>
<P style='font:11pt Times New Roman;margin:0'>June 30, 2020, has been subjected to audit procedures performed in conjunction with the audit of the Plan&#8217;s financial statements. The supplemental schedule is the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the <I>Employee Retirement Income Security Act of 1974</I>. In our opinion, the Schedule of Assets (Held at End of Year) as of June 30, 2020, is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>/s/ <FONT style=font-family:Arial><B>BKD,</B></FONT><FONT style='font:8.5pt Arial'><B> LLP</B><B> </B></FONT></P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>We have served as the Plan&#8217;s auditor since 2012.</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>St. Louis, Missouri</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt'>December 16, 2020</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>2</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Statements of Net Assets Available for Benefits</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:12pt Arial;margin-top:0pt;margin-bottom:6pt'><A name=StmtofNetAssetsAvail />&nbsp;</P>
<TABLE style=border-collapse:collapse;margin-left:-0.4pt><TR><TD valign=top style=width:309.6pt><P align=center style='font:10pt Arial;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>20</B><B>20</B></FONT></P>
</TD><TD valign=bottom style='width:79.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>201</B><B>9</B></FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Investments, At Fair Value</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>$<FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;25,272,595</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>$<FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;26,993,619</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Receivables</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>Notes receivable from participants</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>436,785</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>489,642</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>Employer&#8217;s contributions</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;916,508</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;795,342</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,353,293</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,284,984</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:72pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Net Assets Available for Benefits</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>$<FONT style='border-bottom:3px double #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;26,625,888</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>$<FONT style='border-bottom:3px double #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;28,278,603</FONT></P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;font:9pt Times New Roman;margin-left:0pt'><FONT style='font-family:Times New Roman'><I>See Notes to Financial Statements</I></FONT></KBD><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>3</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Statement of Changes in Net Assets Available for Benefits</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Year Ended June 30, 2020</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:12pt Arial;margin-top:0pt;margin-bottom:6pt'><A name=StmtofChangesinNetAssets />&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Investment Income (Loss)</B></P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>Net depreciation in fair value of investments</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,793,390)</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>Interest and dividends</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,000,219</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:72pt;margin-right:14.4pt'>Net investment loss</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;(2,793,171)</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Interest Income on Notes Receivable from Participants</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;23,870</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Contributions</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>Participants</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>1,003,277</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>Employer</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>1,563,019</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>Rollovers </P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;270,787</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total contributions</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,837,083</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total additions</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;67,782</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:72pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Deductions</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>Benefits paid to participants</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>1,714,687</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative fees</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5,810</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:39.6pt;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deductions</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,720,497</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:72.4pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Net Decrease</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'> (1,652,715)</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Net Assets Available for Benefits, Beginning of Year </B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;&#160;28,278,603</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:12.95pt><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'><B>Net Assets Available for Benefits, End of Year</B></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:10pt Times New Roman;margin:0'>$<FONT style='border-bottom:3px double #000000'>&#160;&#160;&#160;&#160;&#160;26,625,888</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:10pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:25.2pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;font:9pt Times New Roman;margin-left:0pt'><FONT style='font-family:Times New Roman'><I>See Notes to Financial Statements</I></FONT></KBD><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>4</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Notes to Financial Statements</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:12pt Arial;margin-top:0pt;margin-bottom:12pt;margin-left:58.5pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-57.6pt'><FONT style='font-family:Times New Roman'><B>Note 1:</B></FONT></KBD><FONT style='font-family:Times New Roman'><B>Description of the Plan</B></FONT><A name=Notes />&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The following description of Southern Bank 401(k) Retirement Plan (Plan) provides only general information. Participants should refer to the Plan Document for a more complete description of the Plan&#8217;s provisions. </P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>General</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Plan is a defined contribution plan sponsored by Southern Bank (the Bank), a wholly-owned subsidiary of Southern Missouri Bancorp, Inc. (the Company), for the benefit of its employees who have at least one year of service and are age 21 or older. The Plan is subject to the provisions of the <I>Employee Retirement Income Security Act of 1974</I> (ERISA).</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Bank previously also maintained a qualified Employee Stock Ownership Plan (ESOP). The Bank merged the ESOP into the Plan effective October 1, 2010. Participant accounts under the ESOP are maintained as a separate source (ESOP Source) under the Plan with ESOP provisions concerning matters such as vesting, withdrawals, loans, dividends, and distributions remaining in effect.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Plan is administered by the Bank. Capital Bank and Trust Company is the trustee of the Plan. American Funds serves as Plan custodian.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Contributions</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Plan permits eligible employees to make voluntary contributions to the Plan up to the annual limit set by the Internal Revenue Service (IRS). Employee rollover contributions are also permitted. Participants who have attained age 50 before the end of the calendar year are eligible to make catch-up contributions.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Bank makes safe harbor matching contributions of 100% of employees&#8217; salary deferral amounts on the first 3% of employees&#8217; compensation, and 50% of employees&#8217; salary deferral amounts on the next 2% of employees&#8217; compensation. The Bank also makes profit-sharing contributions. Bank profit-sharing contributions are discretionary as determined by the Bank&#8217;s Board of Directors. Contributions are subject to certain limitations. Forfeitures are used to reduce Bank contributions.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Participant Investment Account Options</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Investment account options available include various funds and common stock of the Company. Each participant has the option of directing his contributions into any of the separate investment accounts and may change the allocation daily.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>5</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Notes to Financial Statements (continued)</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Participant Accounts</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Each participant&#8217;s account is credited with the participant&#8217;s contribution, the Bank&#8217;s contribution, and plan earnings, and is charged with an allocation of administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant&#8217;s vested account.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Vesting</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Participants are immediately vested in their voluntary contributions plus earnings thereon. Bank matching contributions and ESOP Source contributions are vested at a rate of 20% per year of service beginning with completion of the second year of service. A participant becomes fully vested with completion of their sixth year of service. The non-vested balance is forfeited upon termination of service. Forfeitures are used to reduce Bank contributions.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Payment of Benefits</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Under the terms of the Plan, participants are entitled to receive the amount credited to their accounts upon normal retirement at the age of 65 or disability retirement. Participants terminating employment prior to retirement are entitled to receive that portion of their account that is vested. In the event of death, the participant&#8217;s account becomes fully vested and is paid to the designated beneficiary. Distributions under the Plan are payable in a lump sum or through installments. Payments through installments are only available to Participants with a vested account balance in excess of $5,000 who terminate at normal retirement age or later. At June 30, 2020 and 2019, Plan assets included no amounts allocated to accounts of terminated or retired participants who have elected to withdraw from the Plan but which had not yet been paid. </P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Forfeited Accounts</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>At June 30, 2020 and 2019, forfeited non-vested accounts totaled $24,686 and $2,960, respectively. These accounts will be used to reduce future Bank contributions. Also, in 2020, employer contributions were reduced by $11,384 from forfeited non-vested accounts.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Notes Receivable from Participants</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Plan Document includes provisions authorizing loans from the Plan to active eligible participants. Loans are made to any eligible participant demonstrating a qualifying need. The minimum amount of a loan shall be $1,000. The maximum amount of a participant&#8217;s loans is determined by the available loan balance restricted to the lesser of $50,000 or 50% of the participant&#8217;s vested account balance. All loans are covered by demand notes and are repayable over a period not to exceed five years. Loans are repaid through payroll withholdings unless the participant is paying the loan in full. Interest on the loans is fixed for the term of the loan at a rate one percentage point above the <I>Wall Street Journal&#8217;s </I>published prime rate of interest on the first day of the month in which the loan was made.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>6</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Notes to Financial Statements (continued)</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Plan Termination</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Although it has not expressed an intention to do so, the Bank has the right under the Plan to discontinue its contributions at any time and to terminate the Plan, subject to the provisions of ERISA. In the event of plan termination, participants will become 100% vested in their accounts.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Subsequent Events</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The outbreak of the novel coronavirus COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, has led to adverse impacts on the U.S. and global economies. Economic uncertainties have arisen, which have resulted in significant volatility in the investment markets and may continue to impact the value of Plan assets. The duration of these uncertainties and the ultimate financial effects cannot be reasonably estimated at this time.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (&#8220;CARES&#8221;) Act was passed by Congress. The CARES Act provides immediate and temporary relief for retirement plan sponsors and their participants with respect to employer contributions, distributions and participant loans. The Company has not amended the Plan to reflect any provisions outlined in the CARES Act at this time; however, the Plan is operating under procedures that provide the relief required by the CARES Act available to participants regarding distributions, loans, and loan repayment extensions.</P>
<P style='font:12pt Arial;margin-top:0pt;margin-bottom:12pt;margin-left:58.5pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-57.6pt'><FONT style='font-family:Times New Roman'><B>Note 2:</B></FONT></KBD><FONT style='font-family:Times New Roman'><B>Summary of Significant Accounting Policies</B></FONT>&nbsp;</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Basis of Accounting</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The accompanying financial statements are prepared on the accrual basis of accounting. </P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Use of Estimates</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of net assets and changes in net assets and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Investment Valuation and Income Recognition</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Quoted market prices, if available, are used to value investments. Common stock is valued at the closing price reported on the active market on which the individual security is traded. Mutual funds and the money market fund are valued at the net asset value (NAV) of shares held by the plan at year end. </P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net depreciation includes the Plan&#8217;s gains and losses on investments bought and sold as well as held during the year.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>7</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Notes to Financial Statements (continued)</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Notes Receivable from Participants</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are reclassified as distributions based upon the terms of the plan document.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Plan Tax Status</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Plan operates under a non-standardized adoption agreement in connection with a prototype 401(k) profit-sharing plan and trust sponsored by American Funds Distributors, Inc. This prototype plan document has been filed with the appropriate agency. The Plan has not obtained or requested a determination letter. However, the Plan Administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code and that the Plan was qualified and the related trust was tax exempt.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Payment of Benefits</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Benefit payments to participants are recorded upon distribution.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Administrative Expenses</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Administrative expenses may be paid by the Bank or the Plan, at the Bank&#8217;s discretion.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'>&nbsp;</P>
<P style='font:12pt Arial;margin-top:0pt;margin-bottom:12pt;margin-left:58.5pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-57.6pt'><FONT style='font-family:Times New Roman'><B>Note 3:</B></FONT></KBD><FONT style='font-family:Times New Roman'><B>Related-Party and Party-in-Interest Transactions</B></FONT>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Party-in-interest transactions include those with fiduciaries or employees of the Plan, any person who provides services to the Plan, an employer whose employees are covered by the Plan, a person who owns 50 percent or more of such an employer, or relatives of such persons.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Plan allows participants to invest their account balances in shares of the Company. The number of shares of common stock held by the Plan at June 30, 2020 and 2019 was 388,531 shares and 365,739 shares, respectively, and the Plan received dividends of $224,406 during the year ended June 30, 2020.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The plan incurs expenses related to general administrative and record keeping. The Company pays certain administrative expenses and accounting and auditing fees relating to the Plan and provides certain administrative services at no cost to the plan.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt'>&nbsp;</P>
<P style='font:12pt Arial;margin-top:0pt;margin-bottom:12pt;margin-left:58.5pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-57.6pt'><FONT style='font-family:Times New Roman'><B>Note 4:</B></FONT></KBD><FONT style='font-family:Times New Roman'><B>Disclosures About </B><B>Fair Value of Plan Assets </B></FONT>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements </P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>8</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Notes to Financial Statements (continued)</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'><FONT style='font-family:Times New Roman'>must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value:</FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:92.9pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-49.7pt'><B>Level 1</B></KBD>Quoted prices in active markets for identical assets &nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:92.9pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-49.7pt'><B>Level 2</B></KBD>Observable inputs other than Level 1 prices, such as quoted prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets &nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:92.9pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-49.7pt'><B>Level 3</B></KBD>Unobservable inputs that are supported by little or no market activity and significant to the fair value of the assets &nbsp;</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Recurring Measurement</I></B><B><I>s</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The following tables present the fair value measurements of assets recognized in the accompanying statements of net assets available for benefits measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2020 and 2019:</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:510.3pt><TR><TD valign=bottom style=width:193.5pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD colspan=3 valign=bottom style=width:237.6pt><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>June 30, 20</B><B>20</B></FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD colspan=3 valign=bottom style='width:237.6pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>Fair Value Measurements Using</B></FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>Fair Value</B></FONT></P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><B>Quoted Prices in Active Markets for Identical Assets</B></P>
<P align=center style='font:11pt Arial;margin:0'><B>(Level 1)</B></P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><B>Significant Other Observable Inputs</B></P>
<P align=center style='font:11pt Arial;margin:0'><B>(Level 2)</B></P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><B>Significant Unobservable Inputs</B></P>
<P align=center style='font:11pt Arial;margin:0'><B>(Level 3)</B></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-left:36pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-left:36pt;margin-right:14.4pt'>Company security</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;9,441,300</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;9,441,300</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-left:36pt;margin-right:14.4pt'>Mutual funds</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,564,256</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,564,256</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market fund</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267,039</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267,039</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;25,272,595</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;25,272,595</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-left:36pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>9</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Notes to Financial Statements (continued)</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><TABLE align=center style=border-collapse:collapse;width:510.3pt><TR><TD valign=bottom style=width:193.5pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD colspan=3 valign=bottom style=width:237.6pt><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>June 30, 20</B><B>19</B></FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD colspan=3 valign=bottom style='width:237.6pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>Fair Value Measurements Using</B></FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>Fair Value</B></FONT></P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><B>Quoted Prices in Active Markets for Identical Assets</B></P>
<P align=center style='font:11pt Arial;margin:0'><B>(Level 1)</B></P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><B>Significant Other Observable Inputs</B></P>
<P align=center style='font:11pt Arial;margin:0'><B>(Level 2)</B></P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><B>Significant Unobservable Inputs</B></P>
<P align=center style='font:11pt Arial;margin:0'><B>(Level 3)</B></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-top:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-left:36pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-left:36pt;margin-right:14.4pt'>Company security</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;12,738,679</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;12,738,679</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-left:36pt;margin-right:14.4pt'>Mutual funds</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,934,366</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,934,366</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market fund</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320,574</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320,574</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;26,993,619</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;26,993,619</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'> &nbsp;&nbsp;<FONT style='border-bottom:3px double #000000'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-right:14.4pt'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:193.5pt><P style='font:11pt Times New Roman;margin:0;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying statements of net assets available for benefits, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the year ended June 30, 2020. In addition, the Plan had no assets measured at fair value on a nonrecurring basis.</P>
<P style='font:11pt Arial;margin-top:6pt;margin-bottom:12pt;margin-left:14.4pt'><FONT style='font-family:Times New Roman'><B><I>Investments</I></B></FONT></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>&nbsp;</P>
<P style='font:12pt Arial;margin-top:0pt;margin-bottom:12pt;margin-left:58.5pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-57.6pt'><FONT style='font-family:Times New Roman'><B>Note 5:</B></FONT></KBD><FONT style='font-family:Times New Roman'><B>Reconciliation of Financial Statements to Form 5500</B></FONT>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The following is a reconciliation of net assets available for benefits per the financial statements at June 30, 2020 and 2019, to Form 5500:</P>
<TABLE style=border-collapse:collapse;width:468pt><TR><TD valign=bottom style=width:309.6pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>20</B><B>20</B></FONT></P>
</TD><TD valign=bottom style='width:79.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>201</B><B>9</B></FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>Net assets available for benefits per the financial statements</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;$ &nbsp;&nbsp;&nbsp;26,625,888</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;$ &nbsp;&nbsp;&nbsp;28,278,603</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>Less: employer&#8217;s contributions receivable</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916,508</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795,342</FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:68.4pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:309.6pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:82.8pt;margin-right:14.4pt'>Net assets available for benefits per Form 5500</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>$<FONT style='border-bottom:3px double #000000'>&#160;&#160;&#160;&#160;25,709,380</FONT></P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>$<FONT style='border-bottom:3px double #000000'>&#160;&#160;&#160;&#160;27,483,261</FONT></P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>10</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Notes to Financial Statements (continued)</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020 and 2019</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The following is a reconciliation of contributions per the financial statements for the year ended June 30, 2020, to Form 5500:</P>
<TABLE style=border-collapse:collapse><TR><TD valign=bottom style=width:351pt><P align=center style='font:11pt Arial;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:79.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Arial;margin:0'><FONT style='font-family:Times New Roman'><B>20</B><B>20</B></FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:351pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:351pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>Contributions per the financial statements</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;$ &nbsp;&nbsp; &nbsp; 2,837,083</P>
</TD></TR>
<TR><TD valign=bottom style=width:351pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>Add: Employer&#8217;s contributions receivable at June 30, 2019</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>795,342</P>
</TD></TR>
<TR><TD valign=bottom style=width:351pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:54pt;margin-right:14.4pt'>Less: Employer&#8217;s contributions receivable at June 30, 2020</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>&#160;&#160;&#160;&#160;&#160;(916,508) </FONT></P>
</TD></TR>
<TR><TD valign=bottom style=width:351pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:68.4pt;margin-right:14.4pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:351pt><P style='font:11pt Times New Roman;margin:0;text-indent:-10.8pt;margin-left:82.8pt;margin-right:14.4pt'>Contributions per Form 5500</P>
</TD><TD valign=bottom style=width:79.2pt><P align=right style='font:11pt Times New Roman;margin:0'>$&nbsp;<FONT style='border-bottom:3px double #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,715,917</FONT></P>
</TD></TR>
</TABLE>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Arial;margin-top:0pt;margin-bottom:12pt;margin-left:63pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-62.1pt'><FONT style='font-family:Times New Roman'><B>Note 6:</B></FONT></KBD><FONT style='font-family:Times New Roman'><B>Risks and Uncertainties</B></FONT>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:9pt;margin-left:28.8pt'>The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the participants&#8217; account balances and the amounts reported in the statements of net assets available for benefits.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>11</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><FONT style='font-family:Times New Roman'><B>Supplemental Schedule</B><B>s</B></FONT><BR><BR><BR><BR><BR><BR><BR><BR></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=right style='font:9pt Arial;margin:0'><FONT style='font-family:Times New Roman'><I>12</I></FONT></P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>EIN 43-0462350 &nbsp;&nbsp;&nbsp;&nbsp;PN001</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Schedule H, </B></FONT><A name=_Hlk55285565 /><FONT style='font-family:Times New Roman'><B>Line 4a &#8211;&nbsp;Schedule of Delinquent Participant Contributions</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:12pt Times New Roman;margin:0'><A name=HLine4i1 />&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style=width:95.75pt><P style='font:11pt Times New Roman;margin:0'><A name=_Hlk55285551 />&nbsp;</P>
</TD><TD colspan=3 valign=top style='width:287.25pt;border-bottom:0.5pt solid #000000'><P style='font:11pt Times New Roman;margin:0'>Total that Constitute Nonexempt Prohibited Transactions</P>
</TD><TD valign=top style=width:95.8pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style='width:95.75pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>Participant Contributions Transferred Late to Plan</P>
</TD><TD valign=bottom style='width:95.75pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>Contributions Not Corrected</P>
</TD><TD valign=bottom style='width:95.75pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>Contributions Corrected Outside VFCP</P>
</TD><TD valign=bottom style='width:95.75pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>Contributions Pending Correction in VFCP</P>
</TD><TD valign=bottom style='width:95.8pt;border-bottom:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>Total Fully Corrected Under VCFP and PTE 2002-51</P>
</TD></TR>
<TR><TD valign=top style='width:95.75pt;border-top:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25</P>
</TD><TD valign=top style='width:95.75pt;border-top:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD valign=top style='width:95.75pt;border-top:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25</P>
</TD><TD valign=top style='width:95.75pt;border-top:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD valign=top style='width:95.8pt;border-top:0.5pt solid #000000'><P align=center style='font:11pt Times New Roman;margin:0'>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>13</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:16pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Southern Bank 401(k) Retirement Plan</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>EIN 43-0462350 &nbsp;&nbsp;&nbsp;&nbsp;PN001</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>Schedule H, Line 4i &#8211;&nbsp;Schedule of Assets (held at end of year)</B></FONT></P>
<P align=center style='font:12pt Arial;margin-top:0pt;margin-bottom:3pt'><FONT style='font-family:Times New Roman'><B>June 30, 2020</B></FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><TABLE align=center style=border-collapse:collapse;width:545.95pt><TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:254.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Investment Type and Issuer</B></P>
</TD><TD colspan=4 valign=bottom style='width:169.6pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Description of Investment</B></P>
</TD><TD colspan=2 valign=bottom style='width:97.4pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B> Current Value </B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:254.2pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:58.55pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>American Funds Money Market Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267,039 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'> $ &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267,039 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Mutual Funds</B></P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds Bond Fund of America</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,987 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 321,583 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds Intermediate Bond Fund of America</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,772 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 95,757 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds Income Fund of America</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,917 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 312,814 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Franklin Income Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84,080 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 172,364 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds American Balanced Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,025 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 861,569 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Invesco Van Kampen Comstock Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,830 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 272,034 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds Fundamental Investors</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,269 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 587,086 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds Investment Company of America</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,611 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 1,526,165 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Ishares S&amp;P 500 Index</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'>28</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'>10,138</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Ishares Russell 2000 Small-Cap Index</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'>14,784</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'>263,303</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds Growth Fund of America</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,900 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 1,835,329 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds New Perspective Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,815 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 885,637 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds New World Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,054 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 614,645 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Fidelity Advisor Growth Opportunities</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'>2,528</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'>272,305</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Putnam Growth Opportunities</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,631 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 251,486 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Victory Established Value Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,991 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 1,013,105 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;Franklin Small Cap Growth Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,047 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 813,952 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2010 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,242 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 114,202 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2015 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,031 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 70,984 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2020 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,988 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 335,763 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2025 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48,670 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 685,766 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2030 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,033 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 1,037,569 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2035 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72,782 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 1,128,848 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2040 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48,353 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 766,878 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2045 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,201 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 697,700 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2050 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,820 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 298,482 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2055 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,705 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 232,463</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;American Funds 2060 Target Date Fund</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=right style='font:10pt Times New Roman;margin:0;margin-right:18.25pt;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,496</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=top style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0'> 86,329 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Southern Missouri Bancorp, Inc. Common Stock (SMBC)</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388,531 </P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>shares</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;9,441,300 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>*</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>Notes Receivable from Participants</P>
</TD><TD colspan=4 valign=bottom style=width:171.85pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'> Various maturity dates through 2025; interest rates from 4.25 to 6.50% </P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436,785 </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='width:97.4pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'> $ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,709,380</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>* Party-in-interest</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:18pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:258.7pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:111.05pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:60.8pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:97.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>14</I></FONT></KBD>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:12pt Times New Roman;margin:0'>SIGNATURES</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><I>The Plan</I>. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse;width:100%><TR><TD valign=top style=width:37.78%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:3.76%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top style=width:58.46%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>SOUTHERN BANK 401(k) RETIREMENT PLAN</P>
</TD></TR>
<TR><TD valign=top style=width:37.78%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:3.76%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:10.36%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:48.1%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:37.78%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:3.76%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:10.36%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>By:</P>
</TD><TD valign=top style=width:48.1%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>Southern Bank, as Plan Administrator</P>
</TD></TR>
<TR><TD valign=top style=width:37.78%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:3.76%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:10.36%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:48.1%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:37.78%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>Date December 17, 2020</P>
</TD><TD valign=top style=width:3.76%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:10.36%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>By:</P>
</TD><TD valign=top style='width:48.1%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'>/s/ Matt Funke</P>
</TD></TR>
<TR><TD valign=top style=width:37.78%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:3.76%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:10.36%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>Name:</P>
</TD><TD valign=top style='width:48.1%;padding-left:5.4pt;padding-right:5.4pt;border-top:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'>Matt Funke</P>
</TD></TR>
<TR><TD valign=top style=width:37.78%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:3.76%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:10.36%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>Title:</P>
</TD><TD valign=top style=width:48.1%;padding-left:5.4pt;padding-right:5.4pt><P style='font:12pt Times New Roman;margin:0'>Chief Financial Officer</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:9pt Arial;margin:0'><KBD style='position:absolute;text-align:right;font:9pt Times New Roman;width:468pt'><FONT style='font-family:Times New Roman'><I>15</I></FONT></KBD>&nbsp;</P>
</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>ex-23.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<HTML>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2020 [PPXC7JF4UJYCVJRAG6JP]. www.edgarsuite.com -->
<HEAD>
<TITLE>Consent of Independent Registered Public Accounting Firm</TITLE>
</HEAD>
<BODY>
<DIV style=margin-left:72pt;width:468pt><HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=right style='font:10pt Arial;margin:0'><B>Exhibit 23</B></P>
<P align=center style='font:10pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Arial;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Arial;margin:0'><B>Consent of Independent Registered Public Accounting Firm</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>We consent to the incorporation by reference in the Registration Statement on Form S-8 (File No. 333-170651) pertaining to Southern Bank 401(k) Retirement Plan of our report dated December 16, 2020, on our audit of the statements of net assets available for benefits of Southern Bank 401(k) Retirement Plan as of June 30,  2020 and 2019, and the related statement of changes in net assets available for benefits for the year ended June 30,  2020, which report appears in the June 30,  2020, annual report on Form 11-K of Southern Bank 401(k) Retirement Plan.</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>/s/ BKD, LLP</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>St. Louis, Missouri</P>
<P style='font:11pt Times New Roman;margin:0'>December 16, 2020</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'></DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
