XML 49 R35.htm IDEA: XBRL DOCUMENT
v3.23.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2023
Income Taxes |
Schedule of components of net deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | June 30, 2023 |  | June 30, 2022
Deferred tax assets: |  | ​ |  |  | ​ |
Provision for losses on loans | ​ | $ | 12,101 | ​ | $ | 7,761
Accrued compensation and benefits | ​ |  | 974 | ​ |  | 828
NOL carry forwards acquired | ​ |  | 709 | ​ |  | 57
Low income tax credit carry forward | ​ |  | 1,192 | ​ |  | —
Unrealized loss on other real estate | ​ |  | 818 | ​ |  | 72
Unrealized loss on available for sale securities | ​ | ​ | 6,174 | ​ | ​ | 4,921
Total deferred tax assets | ​ |  | 21,968 | ​ |  | 13,639
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Purchase accounting adjustments | ​ |  | 2,348 | ​ |  | 224
Depreciation | ​ |  | 4,276 | ​ |  | 1,974
FHLB stock dividends | ​ |  | 120 | ​ |  | 120
Prepaid expenses | ​ |  | 728 | ​ |  | 415
Other | ​ |  | 1,636 | ​ |  | 181
Total deferred tax liabilities | ​ |  | 9,108 | ​ |  | 2,914
Net deferred tax asset | ​ | $ | 12,860 | ​ | $ | 10,725
Schedule of reconciliation of income tax expense at the statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended June 30
(dollars in thousands) | ​ | 2023 | ​ | 2022 | ​ | 2021
Tax at statutory rate | ​ | $ | 10,387 | ​ | $ | 12,580 | ​ | $ | 12,538
Increase (reduction) in taxes resulting from: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Nontaxable municipal income | ​ |  | (327) | ​ |  | (349) | ​ |  | (453)
State tax, net of Federal benefit | ​ |  | 46 | ​ |  | 812 | ​ |  | 1,018
Cash surrender value of Bank-owned life insurance | ​ |  | (318) | ​ |  | (245) | ​ |  | (378)
Tax credit benefits | ​ |  | (19) | ​ |  | (45) | ​ |  | (11)
Other, net | ​ |  | 457 | ​ |  | (18) | ​ |  | (189)
Actual provision | ​ | $ | 10,226 | ​ | $ | 12,735 | ​ | $ | 12,525

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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration