| 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) | | 2026 | | 2025 | | Condensed Balance Sheets | | | Assets | | | | | | | Cash and cash equivalents | | $ | 13,535 | | $ | 18,449 | Other assets | | | 51,715 | | | 51,483 | Investment in common stock of Bank | | | 542,113 | | | 498,347 | TOTAL ASSETS | | $ | 607,363 | | $ | 568,279 | | | | | | | | Liabilities and Stockholders' Equity | | | | | | | Accrued expenses and other liabilities | | $ | 919 | | $ | 379 | Subordinated debt | | | 15,766 | | | 23,208 | TOTAL LIABILITIES | | | 16,685 | | | 23,587 | Stockholders' equity | | | 590,678 | | | 544,692 | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | | $ | 607,363 | | $ | 568,279 |
| | | | | | | | | | | | Year ended June 30, | (dollars in thousands) | | 2026 | | 2025 | | 2024 | | Condensed Statements of Income | | | Interest income | | $ | 33 | | $ | 37 | | $ | 41 | Interest expense | | | 1,457 | | | 1,628 | | | 1,742 | Net interest expense | | | (1,424) | | | (1,591) | | | (1,701) | Dividends from the Bank | | | 33,500 | | | 17,000 | | | 16,000 | Operating expenses | | | 1,145 | | | 1,248 | | | 1,018 | Income before income taxes and equity in undistributed income of the Bank | | | 30,931 | | | 14,161 | | | 13,281 | Income tax (expense) benefit | | | 539 | | | (54) | | | 571 | Income before equity in undistributed income of the Bank | | | 31,470 | | | 14,107 | | | 13,852 | Equity in undistributed income of the Bank | | | 40,369 | | | 44,471 | | | 36,330 | NET INCOME | | $ | 71,839 | | $ | 58,578 | | $ | 50,182 | COMPREHENSIVE INCOME | | $ | 73,445 | | $ | 64,655 | | $ | 54,652 |
| | | | | | | | | | | | Year ended June 30, | (dollars in thousands) | | 2026 | | 2025 | | 2024 | Condensed Statements of Cash Flow | | | | | | | | | | Cash Flows from operating activities: | | | Net income | | $ | 71,839 | | $ | 58,578 | | $ | 50,182 | Changes in: | | | | | | | | | | Equity in undistributed income of the Bank | | | (40,369) | | | (44,471) | | | (36,330) | Other adjustments, net | | | 825 | | | 753 | | | 56 | NET CASH PROVIDED BY OPERATING ACTIVITIES | | | 32,295 | | | 14,860 | | | 13,908 | | | | | | | | | | | NET CASH USED IN INVESTING ACTIVITIES | | | — | | | — | | | — | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Dividends on common stock | | | (11,132) | | | (10,378) | | | (9,526) | Payments to acquire treasury stock | | | (18,577) | | | — | | | (3,857) | Repayments of subordinated debt | | | (7,500) | | | — | | | — | NET CASH USED IN FINANCING ACTIVITIES | | | (37,209) | | | (10,378) | | | (13,383) | | | | | | | | | | | Net (decrease) increase in cash and cash equivalents | | | (4,914) | | | 4,482 | | | 525 | Cash and cash equivalents at beginning of year | | | 18,449 | | | 13,967 | | | 13,442 | CASH AND CASH EQUIVALENTS AT END OF YEAR | | $ | 13,535 | | $ | 18,449 | | $ | 13,967 |
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