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Condensed Parent Company Only Financial Statements | 12 Months Ended
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Jun. 30, 2024
Condensed Parent Company Only Financial Statements |
Condensed Parent Company Only Financial Statements | NOTE 18: 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) | ​ | 2024 |  | 2023
Condensed Balance Sheets | ​ | ​
Assets | ​ | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 13,967 | ​ | $ | 13,442
Other assets | ​ | ​ | 52,220 | ​ | ​ | 52,178
Investment in common stock of Bank | ​ | ​ | 446,131 | ​ | ​ | 404,247
TOTAL ASSETS | ​ | $ | 512,318 | ​ | $ | 469,867
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders' Equity | ​ | ​ |  | ​ | ​ |
Accrued expenses and other liabilities | ​ | $ | 414 | ​ | $ | 704
Subordinated debt | ​ | ​ | 23,156 | ​ | ​ | 23,105
TOTAL LIABILITIES | ​ | ​ | 23,570 | ​ | ​ | 23,809
Stockholders' equity | ​ | ​ | 488,748 | ​ | ​ | 446,058
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | ​ | $ | 512,318 | ​ | $ | 469,867
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) | ​ | 2024 | ​ | 2023 |  | 2022
Condensed Statements of Income | ​ | ​
Interest income | ​ | $ | 41 | ​ | $ | 32 | ​ | $ | 14
Interest expense | ​ |  | 1,742 | ​ | ​ | 1,439 | ​ | ​ | 686
Net interest expense | ​ |  | (1,701) | ​ | ​ | (1,407) | ​ | ​ | (672)
Dividends from Bank | ​ | ​ | 16,000 | ​ | ​ | 48,000 | ​ | ​ | 31,000
Operating expenses | ​ | ​ | 1,018 | ​ | ​ | 3,041 | ​ | ​ | 1,124
Income before income taxes and equity in undistributed income of the Bank | ​ | ​ | 13,281 | ​ | ​ | 43,552 | ​ | ​ | 29,204
Income tax benefit | ​ | ​ | 571 | ​ | ​ | 552 | ​ | ​ | 321
Income before equity in undistributed income of the Bank | ​ | ​ | 13,852 | ​ | ​ | 44,104 | ​ | ​ | 29,525
Equity in undistributed income of the Bank | ​ | ​ | 36,330 | ​ | ​ | (4,867) | ​ | ​ | 17,644
NET INCOME | ​ | $ | 50,182 | ​ | $ | 39,237 | ​ | $ | 47,169
COMPREHENSIVE INCOME | ​ | $ | 54,652 | ​ | $ | 34,799 | ​ | $ | 26,800
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Condensed Statements of Cash Flow | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from operating activities: | ​ | ​
Net income | ​ | $ | 50,182 | ​ | $ | 39,237 | ​ | $ | 47,169
Changes in: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed income of the Bank | ​ |  | (36,330) | ​ | ​ | 4,867 | ​ | ​ | (17,644)
Other adjustments, net | ​ | ​ | 56 | ​ | ​ | 388 | ​ | ​ | (698)
NET CASH PROVIDED BY OPERATING ACTIVITES | ​ | ​ | 13,908 | ​ | ​ | 44,492 | ​ | ​ | 28,827
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments in Bank subsidiaries | ​ | ​ | — | ​ | ​ | (31,382) | ​ | ​ | (8,024)
NET CASH USED IN INVESTING ACTIVITIES | ​ | ​ | — | ​ | ​ | (31,382) | ​ | ​ | (8,024)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends on common stock | ​ | ​ | (9,526) | ​ | ​ | (8,632) | ​ | ​ | (7,194)
Payments to acquire treasury stock | ​ | ​ | (3,857) | ​ | ​ | — | ​ | ​ | (5,838)
NET CASH USED IN FINANCING ACTIVITIES | ​ | ​ | (13,383) | ​ | ​ | (8,632) | ​ | ​ | (13,032)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net increase in cash and cash equivalents | ​ | ​ | 525 | ​ | ​ | 4,478 | ​ | ​ | 7,771
Cash and cash equivalents at beginning of year | ​ | ​ | 13,442 | ​ | ​ | 8,964 | ​ | ​ | 1,193
CASH AND CASH EQUIVALENTS AT END OF YEAR | ​ | $ | 13,967 | ​ | $ | 13,442 | ​ | $ | 8,964
​

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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