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v3.22.2.2

Condensed Parent Company Only Financial Statements | 12 Months Ended
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Jun. 30, 2022
Condensed Parent Company Only Financial Statements |
Condensed Parent Company Only Financial Statements | NOTE 17: Condensed Parent Company Only Financial Statements The following condensed balance sheets, statements of income and comprehensive income and cash flows for Southern Missouri Bancorp, Inc. should be read in conjunction with the consolidated financial statements and the notes thereto: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
(dollars in thousands) | ​ | 2022 |  | 2021
Condensed Balance Sheets | ​ | ​
Assets | ​ | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 8,964 | ​ | $ | 1,193
Other assets | ​ | ​ | 28,691 | ​ | ​ | 14,380
Investment in common stock of Bank | ​ | ​ | 306,549 | ​ | ​ | 283,500
TOTAL ASSETS | ​ | $ | 344,204 | ​ | $ | 299,073
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders' Equity | ​ | ​ |  | ​ | ​ |
Accrued expenses and other liabilities | ​ | $ | 377 | ​ | $ | 407
Subordinated debt | ​ | ​ | 23,055 | ​ | ​ | 15,243
TOTAL LIABILITIES | ​ | ​ | 23,432 | ​ | ​ | 15,650
Stockholders' equity | ​ | ​ | 320,772 | ​ | ​ | 283,423
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | ​ | $ | 344,204 | ​ | $ | 299,073
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) | ​ | 2022 | ​ | 2021 |  | 2020
Condensed Statements of Income | ​ | ​
Interest income | ​ | $ | 14 | ​ | $ | 13 | ​ | $ | 27
Interest expense | ​ |  | 686 | ​ | ​ | 534 | ​ | ​ | 899
Net interest expense | ​ |  | (672) | ​ | ​ | (521) | ​ | ​ | (872)
Dividends from Bank | ​ | ​ | 31,000 | ​ | ​ | 12,000 | ​ | ​ | 34,000
Bargain purchase gain | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 123
Operating expenses | ​ | ​ | 1,124 | ​ | ​ | 599 | ​ | ​ | 1,529
Income before income taxes and equity in undistributed income of the Bank | ​ | ​ | 29,204 | ​ | ​ | 10,880 | ​ | ​ | 31,722
Income tax benefit | ​ | ​ | 321 | ​ | ​ | 235 | ​ | ​ | 292
Income before equity in undistributed income of the Bank | ​ | ​ | 29,525 | ​ | ​ | 11,115 | ​ | ​ | 32,014
Equity in undistributed income of the Bank | ​ | ​ | 17,644 | ​ | ​ | 36,065 | ​ | ​ | (4,469)
NET INCOME | ​ | $ | 47,169 | ​ | $ | 47,180 | ​ | $ | 27,545
COMPREHENSIVE INCOME | ​ | $ | 26,800 | ​ | $ | 45,615 | ​ | $ | 30,745
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Condensed Statements of Cash Flow | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from operating activities: | ​ | ​
Net income | ​ | $ | 47,169 | ​ | $ | 47,180 | ​ | $ | 27,545
Changes in: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed income of the Bank | ​ |  | (17,644) | ​ | ​ | (36,065) | ​ | ​ | 4,469
Other adjustments, net | ​ | ​ | (698) | ​ | ​ | (559) | ​ | ​ | (904)
NET CASH PROVIDED BY OPERATING ACTIVITES | ​ | ​ | 28,827 | ​ | ​ | 10,556 | ​ | ​ | 31,110
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments in Bank subsidiaries | ​ | ​ | (8,024) | ​ | ​ | — | ​ | ​ | (20,463)
NET CASH USED IN INVESTING ACTIVITIES | ​ | ​ | (8,024) | ​ | ​ | — | ​ | ​ | (20,463)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends on common stock | ​ | ​ | (7,194) | ​ | ​ | (5,598) | ​ | ​ | (5,513)
Exercise of stock options | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 64
Payments to acquire treasury stock | ​ | ​ | (5,838) | ​ | ​ | (8,341) | ​ | ​ | (5,771)
Repayments of long term debt | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3,000)
NET CASH USED IN FINANCING ACTIVITIES | ​ | ​ | (13,032) | ​ | ​ | (13,939) | ​ | ​ | (14,220)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net increase (decrease) in cash and cash equivalents | ​ | ​ | 7,771 | ​ | ​ | (3,383) | ​ | ​ | (3,573)
Cash and cash equivalents at beginning of year | ​ | ​ | 1,193 | ​ | ​ | 4,576 | ​ | ​ | 8,149
CASH AND CASH EQUIVALENTS AT END OF YEAR | ​ | $ | 8,964 | ​ | $ | 1,193 | ​ | $ | 4,576
​

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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