XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.23.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2022
Income Taxes |
Schedule of components of net deferred tax assets | The components of net deferred tax assets (included in other assets on the condensed consolidated balance sheet) are summarized as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | June 30, 2022 |  | June 30, 2021
Deferred tax assets: |  | ​ |  |  | ​ |
Provision for losses on loans | ​ | $ | 7,761 | ​ | $ | 7,626
Accrued compensation and benefits | ​ |  | 828 | ​ |  | 826
NOL carry forwards acquired | ​ |  | 57 | ​ |  | 147
Unrealized loss on other real estate | ​ |  | 72 | ​ |  | 180
Unrealized loss on available for sale securities | ​ | ​ | 4,921 | ​ | ​ | —
Other | ​ |  | — | ​ |  | 182
Total deferred tax assets | ​ |  | 13,639 | ​ |  | 8,961
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Purchase accounting adjustments | ​ |  | 224 | ​ |  | 210
Depreciation | ​ |  | 1,974 | ​ |  | 1,842
FHLB stock dividends | ​ |  | 120 | ​ |  | 120
Prepaid expenses | ​ |  | 415 | ​ |  | 283
Unrealized gain on available for sale securities | ​ |  | — | ​ |  | 821
Other | ​ |  | 181 | ​ |  | 1,193
Total deferred tax liabilities | ​ |  | 2,914 | ​ |  | 4,469
Net deferred tax asset | ​ | $ | 10,725 | ​ | $ | 4,492
​
Schedule of reconciliation of income tax expense at the statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended June 30
(dollars in thousands) | ​ | 2022 | ​ | 2021 | ​ | 2020
Tax at statutory rate | ​ | $ | 12,580 | ​ | $ | 12,538 | ​ | $ | 7,231
Increase (reduction) in taxes resulting from: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Nontaxable municipal income | ​ |  | (349) | ​ |  | (453) | ​ |  | (444)
State tax, net of Federal benefit | ​ |  | 812 | ​ |  | 1,018 | ​ |  | 299
Cash surrender value of Bank-owned life insurance | ​ |  | (245) | ​ |  | (378) | ​ |  | (214)
Tax credit benefits | ​ |  | (45) | ​ |  | (11) | ​ |  | (48)
Other, net | ​ |  | (18) | ​ |  | (189) | ​ |  | 63
Actual provision | ​ | $ | 12,735 | ​ | $ | 12,525 | ​ | $ | 6,887
​

X
- Definition Represents the textual narrative disclosure of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax, during the indicated time period. + References No definition available. + Details
Name: | smbc_ScheduleOfReconciliationOfIncomeTaxExpenseAtTheStatutoryRateToActualIncomeTaxTextBlock
Namespace Prefix: | smbc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration