PART I [Item 1. Description of Business](index=2&type=section&id=Item%201.%20Description%20of%20Business) The Company, a bank holding company for Southern Bank, provides community banking services across Missouri, Arkansas, and Illinois, expanding through acquisitions and managing pandemic impacts [General](index=2&type=section&id=General) Southern Missouri Bancorp, Inc. is a bank holding company for Southern Bank, providing community banking services and operating across three states - Southern Missouri Bancorp, Inc. is a bank holding company for Southern Bank, incorporated in Delaware in **1993** and reincorporated in Missouri in **1999**, with common stock traded on **NASDAQ Global Market** under **SMBC**[4](index=4&type=chunk) - The Bank, chartered in **1887**, converted to a Missouri state-chartered trust company in **2004**, renamed Southern Bank in **2009**, and is regulated by the Missouri Division of Finance and Federal Reserve Board, with **FDIC**-insured deposits[5](index=5&type=chunk)[6](index=6&type=chunk) - The Bank's core business involves attracting retail deposits and using them, along with wholesale funding, to invest in various mortgage, commercial, construction, and consumer loans, as well as securities[7](index=7&type=chunk) Company Financial Overview (June 30, 2021) | Metric | Amount (Millions USD) | | :------------------- | :------------------ | | Total Assets | **$2.7 billion** | | Total Deposits | **$2.3 billion** | | Stockholders' Equity | **$283.4 million** | [COVID-19 Pandemic Response](index=2&type=section&id=COVID-19%20Pandemic%20Response) The Company implemented operational changes, participated in the SBA PPP, and offered loan deferrals in response to the COVID-19 pandemic - The Company closed lobbies from **March 23, 2020**, gradually re-opening from **May 4, 2020**, with **10-15%** of team members working remotely in **August 2021** and no furloughs[10](index=10&type=chunk)[11](index=11&type=chunk) - The Company originated over **3,200** **SBA PPP** loans totaling **$197.2 million** through **May 31, 2021**, with outstanding balances reduced to **$37.0 million** by **August 20, 2021**, due to forgiveness processing[12](index=12&type=chunk) - Loan modifications for pandemic-affected borrowers decreased from approximately **900** loans (**$380.2 million**) at **June 30, 2020**, to **six** loans (**$23.9 million**) at **June 30, 2021**, with **$23.7 million** now considered 'special mention'[13](index=13&type=chunk) [Acquisitions](index=3&type=section&id=Acquisitions) The Company actively pursued acquisitions to expand its market presence, commercial banking activities, and core deposit franchises - On **May 22, 2020**, the Company acquired **Central Federal Bancshares, Inc.** for its commercial banking activities and core deposit franchise, resulting in a bargain purchase gain of **$123 thousand**[14](index=14&type=chunk) - On **November 21, 2018**, the Company acquired **Gideon Bancshares Company**, adding **$217 million** in assets and **$1.0 million** in goodwill, primarily for commercial banking expansion and core deposit value[15](index=15&type=chunk) - On **February 23, 2018**, the Company acquired **Southern Missouri Bancshares, Inc.**, adding **$86.2 million** in assets and **$4.4 million** in goodwill, aimed at expanding commercial banking and securing core deposits[16](index=16&type=chunk) - Other significant acquisitions include **Tammcorp, Inc.** (**June 2017**), **Peoples Service Company** (**August 2014**), **Ozarks Legacy Community Financial, Inc.** (**October 2013**), and **Citizens State Bankshares of Bald Knob, Inc.** (**February 2014**), all contributing to market expansion and deposit growth[17](index=17&type=chunk)[18](index=18&type=chunk)[19](index=19&type=chunk) [Capital Raising Transactions](index=4&type=section&id=Capital%20Raising%20Transactions) The Company engaged in common stock issuances to raise capital for general corporate purposes, including organic growth and acquisitions - On **June 20, 2017**, the Company completed an at-the-market common stock issuance, selling **794,762** shares for approximately **$25.0 million** in gross proceeds, used for general corporate purposes including organic growth and acquisitions[20](index=20&type=chunk) - On **November 22, 2011**, the Company completed an underwritten public offering of **1,150,000** shares of common stock at **$19.00 per share**, raising **$21.9 million** in gross proceeds for loan growth and securities purchases[21](index=21&type=chunk) [Forward Looking Statements](index=4&type=section&id=Forward%20Looking%20Statements) The document contains forward-looking statements about future performance, growth, and interest rates, subject to various risk factors - The document contains forward-looking statements regarding future operating and financial performance, growth, interest rates, and cost savings, identified by words like "believe," "anticipate," and "expect"[22](index=22&type=chunk)[23](index=23&type=chunk) - Key factors that could cause actual results to differ materially include potential adverse impacts from the **COVID-19** pandemic, integration risks from mergers and acquisitions, economic conditions, interest rate fluctuations, regulatory changes, and technological advancements[24](index=24&type=chunk) [Market Area](index=6&type=section&id=Market%20Area) The Bank operates **48** branch offices across Missouri, Arkansas, and Illinois, organized into three regional markets with diverse economies - As of **June 30, 2021**, the Bank operated from its headquarters in **Poplar Bluff** and **48** branch offices across **Missouri**, **Arkansas**, and **Illinois**, with a new branch opened in **West Plains**, **Missouri**, in **August 2021**[26](index=26&type=chunk) - The Bank's operations are organized into three regional markets: **East** (**24** facilities, population **~248,000**), **South** (**13** facilities, population **~425,000**), and **West** (**12** facilities, population **~554,000**), with economies supported by manufacturing, agriculture, healthcare, education, and retail[27](index=27&type=chunk)[28](index=28&type=chunk) [Competition](index=6&type=section&id=Competition) The Bank faces strong competition in attracting deposits and originating loans from various financial institutions, with increasing competition expected from technological changes - The Bank faces strong competition in attracting deposits and originating loans from commercial banks, credit unions, digital payment applications, and other investment alternatives, with deposit competition ranging from **$6.6 billion to $15.1 billion** in its regions[29](index=29&type=chunk)[30](index=30&type=chunk) - Competition is expected to increase due to legislative, regulatory, and technological changes, including lowered market entry barriers from internet services and the **Gramm-Leach-Bliley Act** allowing affiliations among financial services firms[30](index=30&type=chunk)[31](index=31&type=chunk) [Lending Activities](index=7&type=section&id=Lending%20Activities) The Bank's lending activities encompass residential, commercial, construction, and consumer loans, with oversight managed by senior lending officers - The Bank's lending activities include originating loans secured by residential and commercial real estate, construction loans, commercial business loans, and consumer loans, having purchased participations in **23** loans totaling **$83.0 million** as of **June 30, 2021**[32](index=32&type=chunk) - Loan portfolio oversight is managed by the **Chief Lending Officer**, **Regional President**, and **Chief Credit Officer**, with varying lending authorities for loan officers and committees based on loan size and type[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk) Loan Portfolio Composition (June 30, 2021) | Loan Type | Amount (Thousands USD) | Percent of Total Loans | | :---------------------- | :------------------- | :--------------------- | | Residential real estate | **$721.22 million** | **32.78%** | | Commercial real estate | **$889.79 million** | **40.44%** | | Construction | **$208.82 million** | **9.49%** | | Commercial business | **$414.12 million** | **18.82%** | | Consumer | **$77.67 million** | **3.52%** | Loan Originations, Sales, and Repayments (Fiscal Year Ended June 30, 2021) | Activity | Amount (Thousands USD) | | :----------------------------------- | :------------------- | | Total loans at beginning of period | **$2.25 billion** | | Loans originated | **$971.84 million** | | Loans purchased | **$55.27 million** | | Loans sold | **$(157.41 million)** | | Principal repayments | **$(778.03 million)** | | Total loans at end of period | **$2.31 billion** | [Asset Quality](index=18&type=section&id=Asset%20Quality) The Company's asset quality improved in fiscal **2021**, with decreased nonperforming assets and increased allowance for credit losses, despite pandemic-related loan modifications Loan Delinquencies (June 30, 2021) | Loan Type | 60-89 Days Delinquent (USD) | 90+ Days Delinquent (USD) | Total Delinquent (USD) | | :-------------------- | :----------------------------- | :--------------------------- | :------------------------ | | Residential real estate | **$364** | **$613** | **$977** | | Commercial real estate | **$0** | **$30** | **$30** | | Construction | **$0** | **$374** | **$374** | | Consumer | **$66** | **$84** | **$150** | | Commercial Business | **$939** | **$110** | **$1,049** | | **Totals** | **$1,369** | **$1,211** | **$2,580** | - The Company suspended **TDR** classification for eligible **COVID-19** modified loans under the **CARES Act**, totaling **$23.9 million** at **June 30, 2021**, primarily in non-owner-occupied commercial real estate[84](index=84&type=chunk) Non-Performing Assets (June 30, 2021 vs 2020) | Metric | June 30, 2021 (Thousands USD) | June 30, 2020 (Thousands USD) | | :--------------------------------- | :------------------------ | :------------------------ | | Nonaccruing loans | **$5.87 million** | **$8.66 million** | | Foreclosed assets held for sale | **$2.23 million** | **$2.56 million** | | Other nonperforming assets | **$23 thousand** | **$9 thousand** | | **Total nonperforming assets** | **$8.12 million** | **$11.23 million** | | Nonperforming loans to net loans | **0.27%** | **0.40%** | | Nonperforming assets to total assets | **0.30%** | **0.44%** | - The decrease in nonperforming assets in fiscal **2021** was mainly due to the resolution of nonaccrual loans acquired in the **Gideon Acquisition**, which declined from **$10.2 million** (**June 30, 2019**) to an immaterial amount (**June 30, 2021**)[87](index=87&type=chunk) - Adversely classified assets totaled **$20.3 million (0.75% of total assets)** at **June 30, 2021**, down from **$27.0 million (1.06%)** at **June 30, 2020**, including **$19.5 million** substandard and **$850 thousand** doubtful assets[93](index=93&type=chunk) - Other loans of concern, primarily construction and commercial real estate loans secured by hotel properties, totaled **$48.4 million** at **June 30, 2021**, down from **$56.7 million** at **June 30, 2020**, having received payment deferrals due to **COVID-19**[94](index=94&type=chunk) Allowance for Credit Losses (ACL) (June 30, 2021 vs 2020) | Metric | June 30, 2021 (Thousands USD) | June 30, 2020 (Thousands USD) | | :--------------------------------- | :------------------------ | :------------------------ | | Allowance for Credit Losses (ACL) | **$33.22 million** | **$25.14 million** | | ACL as % of nonperforming assets | **409%** | **224%** | | ACL on off-balance sheet exposures | **$1.8 million** | **$2.0 million** | [Investment Activities](index=22&type=section&id=Investment%20Activities) The Company's investment policy prioritizes liquidity and asset/liability management, investing in a diversified portfolio of government, municipal, and corporate securities - The Company's investment policy prioritizes liquidity, collateral for borrowings, financial performance, and asset/liability management, investing in U.S. Government, State of Missouri obligations, federal agency securities, municipal bonds, and corporate debt[103](index=103&type=chunk) - All investment purchases are classified as available-for-sale (**AFS**) and reported at fair value, with unrealized gains/losses in stockholders' equity, totaling **$207.0 million** in **AFS** securities as of **June 30, 2021**[105](index=105&type=chunk) Debt and Other Securities Portfolio (June 30, 2021 vs 2020) | Security Type | June 30, 2021 (Millions USD) | June 30, 2020 (Millions USD) | | :---------------------------- | :----------------------- | :----------------------- | | Debt and other securities | **$68.7 million** | **$49.6 million** | | Municipal bonds | **$47.7 million** | N/A | | Corporate obligations | **$20.3 million** | N/A | | Weighted average life | **47** months | N/A | Mortgage-Backed Securities (MBS) Portfolio (June 30, 2021 vs 2020) | Metric | June 30, 2021 (Millions USD) | June 30, 2020 (Millions USD) | | :-------------------- | :----------------------- | :----------------------- | | Total MBS | **$138.3 million** | **$126.9 million** | | % of Total Assets | **5.1%** | **5.0%** | | Purchases (FY2021) | **$75.8 million** | N/A | | Maturities/Prepayments (FY2021) | **$47.5 million** | N/A | | Weighted average life | **58** months | N/A | [Deposit Activities and Other Sources of Funds](index=25&type=section&id=Deposit%20Activities%20and%20Other%20Sources%20of%20Funds) Primary funding sources include deposits and borrowings, with deposit flows influenced by market interest rates and economic conditions - Primary funding sources include deposits, borrowings (**FHLB** advances, brokered deposits), loan/**MBS** principal and interest payments, and investment securities, with flows influenced by market interest rates and economic conditions[118](index=118&type=chunk) - The Bank attracts deposits from **Missouri**, **Arkansas**, and **Illinois** residents and entities, offering various instruments like transaction accounts, money market accounts, savings accounts, and certificates of deposit, also utilizing brokered deposits and reciprocal deposit programs[120](index=120&type=chunk) Deposit Composition (June 30, 2021) | Category | Amount (Thousands USD) | Weighted Average Interest Rate | | :-------------------------- | :------------------- | :----------------------------- | | Non-interest Bearing | **$358.42 million** | **0.00%** | | NOW Accounts | **$925.28 million** | **0.96%** | | Savings Accounts | **$230.91 million** | **0.66%** | | Money Market Deposit Accounts | **$253.61 million** | **1.26%** | | Certificates of Deposit | **$562.59 million** | **0.97%** - **2.54%** | | **Total Deposits** | **$2.33 billion** | | Deposit Flow (Fiscal Year Ended June 30, 2021 vs 2020) | Category | June 30, 2021 (Thousands USD) | June 30, 2020 (Thousands USD) | Increase (Decrease) (Thousands USD) | | :-------------------------- | :------------------------ | :------------------------ | :------------------ | | Noninterest bearing | **$358.42 million** | **$316.05 million** | **$42.37 million** | | NOW checking | **$925.28 million** | **$781.94 million** | **$143.34 million** | | Savings accounts | **$230.91 million** | **$181.23 million** | **$49.68 million** | | Money market deposit | **$253.61 million** | **$231.16 million** | **$22.45 million** | | Fixed-rate certificates | **$562.59 million** | **$674.47 million** | **$(111.89 million)** | | **Total Deposits** | **$2.33 billion** | **$2.18 billion** | **$145.96 million** | Borrowings (June 30, 2021 vs 2020) | Borrowing Type | June 30, 2021 (Thousands USD) | June 30, 2020 (Thousands USD) | | :----------------------- | :------------------------ | :------------------------ | | FHLB advances | **$57.53 million** | **$70.02 million** | | Subordinated debt | **$15.24 million** | **$15.14 million** | - The Bank had **$57.53 million** in outstanding **FHLB** advances at **June 30, 2021**, with **$769.8 million** in loans pledged as collateral, providing **$440.9 million** in available credit, plus an additional **$216.8 million** from the Federal Reserve Bank's discount window[132](index=132&type=chunk)[133](index=133&type=chunk)[134](index=134&type=chunk)[135](index=135&type=chunk) [Subsidiary Activities](index=32&type=section&id=Subsidiary%20Activities) The Bank operates four subsidiaries engaged in financial services, low-income housing tax credits, real estate investments, and insurance brokerage - The Bank has four subsidiaries: **SMS Financial Services, Inc.** (inactive), **SB Corning, LLC** (low income housing tax credits), **SB Real Estate Investments, LLC** (**REIT** with **$1.1 billion** in assets), and **Southern Insurance Services, LLC** (insurance brokerage)[142](index=142&type=chunk) [Employees and Human Capital Resources](index=32&type=section&id=Employees%20and%20Human%20Capital%20Resources) The Company focuses on attracting, developing, and retaining diverse talent through competitive compensation, benefits, and internal promotion - As of **June 30, 2021**, the Company had **488** employees (**457** full-time, **31** part-time), focusing on attracting, developing, and retaining diverse talent through competitive pay, benefits, and internal promotion (**63%** of leaders promoted internally)[143](index=143&type=chunk)[144](index=144&type=chunk) - The Company offers a **401(K)** retirement plan with matching and profit-sharing contributions, **PPO** and **HSA**-eligible health benefits, promotes diversity and inclusion, and supports communities through sponsorships and employee involvement[145](index=145&type=chunk)[146](index=146&type=chunk)[147](index=147&type=chunk) - In response to **COVID-19**, the Company implemented public health directives, encouraged vaccination (providing additional paid time off for vaccinated team members), and supported remote work to ensure employee well-being and business continuity[148](index=148&type=chunk) [GOVERNMENT SUPERVISION AND REGULATION](index=34&type=section&id=GOVERNMENT%20SUPERVISION%20AND%20REGULATION) The Company and Southern Bank are subject to extensive federal and state regulations governing capital, lending, and operations, with recent legislative changes providing temporary pandemic relief - The Company and Bank are subject to extensive regulation, including the **Dodd-Frank Act** and the **Economic Growth, Regulatory Relief and Consumer Protection Act**, which modified regulatory oversight for financial institutions[150](index=150&type=chunk)[151](index=151&type=chunk)[152](index=152&type=chunk) - The **CARES Act** temporarily reduced the **Community Bank Leverage Ratio (CBLR)** to **8.0%** for **2020** and **8.5%** for **2021**, and allowed suspension of **TDR** classification for **COVID-19** related loan modifications, though the Company has not elected to use the **CBLR** framework[153](index=153&type=chunk)[154](index=154&type=chunk)[155](index=155&type=chunk)[156](index=156&type=chunk) - The Bank is a state-chartered, federally insured trust company regulated by the **FRB** and **Missouri** Division of Finance, with **FDIC**-insured deposits, and must comply with capital standards and lending requirements, subject to regular examinations[157](index=157&type=chunk)[158](index=158&type=chunk)[159](index=159&type=chunk) - The Bank is a member of the **FHLB** of Des Moines, required to purchase stock and pledge collateral for advances, and also has borrowing capacity from the Federal Reserve Bank's discount window[161](index=161&type=chunk)[162](index=162&type=chunk)[163](index=163&type=chunk) - The Bank and Company were categorized as "well capitalized" at **June 30, 2021**, meeting all regulatory capital requirements, including **CET1**, **Tier 1**, and total capital ratios, and the capital conservation buffer[178](index=178&type=chunk)[179](index=179&type=chunk) [TAXATION](index=40&type=section&id=TAXATION) The Company and Bank are subject to federal and multi-state income taxation, with the Bank transitioning to a specific charge-off method for loan deductions, and Missouri tax returns for **2016-2018** are under audit - The Company and Bank are subject to federal income taxation, with the Bank transitioning from a bad debt reserve method to a specific charge-off method for loan deductions due to exceeding **$500 million** in average assets[197](index=197&type=chunk)[198](index=198&type=chunk)[199](index=199&type=chunk) - The Company can exclude **100%** of dividends received from the Bank as a member of the same affiliated group of corporations[200](index=200&type=chunk) - The Bank is subject to **Missouri** bank franchise tax (**4.48%** on taxable income, **0.007%** on net assets) and a **4.0%** consolidated income tax, also facing **Arkansas** (**6%**) and **Illinois** (**9.5%**) income taxes due to multi-state operations[201](index=201&type=chunk)[202](index=202&type=chunk)[203](index=203&type=chunk)[204](index=204&type=chunk)[205](index=205&type=chunk) - **Missouri** income tax returns for fiscal years ending **June 30, 2016** through **2018** are currently under audit by the **Missouri** Department of Revenue[206](index=206&type=chunk) [INTERNET WEBSITE](index=42&type=section&id=INTERNET%20WEBSITE) The Company's website, www.bankwithsouthern.com, provides access to SEC filings, but its content is not incorporated by reference into this report - The Company's website, **www.bankwithsouthern.com**, provides access to its Annual Report on **Form 10-K** and other **SEC** filings, though website content is not incorporated by reference into the report[208](index=208&type=chunk) [Item 1A. Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) Investing in the Company's securities involves risks from the **COVID-19** pandemic, credit quality, interest rate fluctuations, acquisitions, regulatory changes, cybersecurity, and potential stock price volatility - The **COVID-19** pandemic has adversely impacted business operations, loan demand, and market interest rates, leading to uncertainty in credit quality and asset values, with remote work arrangements introducing heightened cybersecurity and operational risks[212](index=212&type=chunk)[213](index=213&type=chunk)[214](index=214&type=chunk)[215](index=215&type=chunk) - The Company faces significant credit risks, including potential increases in loan delinquencies, problem assets, and foreclosures, particularly from construction, commercial real estate, and agricultural lending, which are sensitive to economic downturns and collateral value declines[223](index=223&type=chunk)[224](index=224&type=chunk)[229](index=229&type=chunk)[233](index=233&type=chunk)[235](index=235&type=chunk)[236](index=236&type=chunk) - Changes in interest rates, including the replacement of **LIBOR**, may negatively affect net interest income and asset values; liquidity risk could impair funding operations; and the Company may fail to realize anticipated benefits from acquisitions due to integration challenges or unknown liabilities[244](index=244&type=chunk)[246](index=246&type=chunk)[247](index=247&type=chunk)[248](index=248&type=chunk)[249](index=249&type=chunk) - Regulatory changes, non-compliance with laws like the **USA Patriot Act**, and increased operational costs from technology reliance and cybersecurity breaches pose significant risks, with potential impairment of intangible or deferred tax assets also impacting earnings[253](index=253&type=chunk)[254](index=254&type=chunk)[255](index=255&type=chunk)[258](index=258&type=chunk)[259](index=259&type=chunk)[272](index=272&type=chunk) - The price of the Company's common stock may fluctuate significantly due to operating results, market conditions, and regulatory actions, while regulatory and contractual restrictions may limit dividend payments and share repurchases[273](index=273&type=chunk)[276](index=276&type=chunk)[277](index=277&type=chunk)[278](index=278&type=chunk) [Item 1B. Unresolved Staff Comments](index=61&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) There are no unresolved staff comments from the **SEC** regarding the Company's filings - The Company has no unresolved staff comments from the **SEC**[283](index=283&type=chunk) [Item 2. Description of Properties](index=61&type=section&id=Item%202.%20Description%20of%20Properties) As of **June 30, 2021**, the Bank operated from its headquarters and **48** branch offices, owning **44** locations, with management deeming facilities adequate for current and future needs - As of **June 30, 2021**, the Bank operated from its headquarters and **48** branch offices (**46** full-service, **2** limited-service), owning **44** of these offices, with the remaining four being leased or partially owned[284](index=284&type=chunk) - Management believes current facilities are adequate for present and foreseeable needs, with plans to monitor customer growth and expand the branching network as necessary[285](index=285&type=chunk) [Item 3. Legal Proceedings](index=61&type=section&id=Item%203.%20Legal%20Proceedings) Management believes the Bank is not a party to any pending claims or lawsuits that would materially affect its financial condition or operations, beyond routine business claims - Management believes the Bank is not a party to any pending claims or lawsuits expected to have a material effect on its financial condition or operations, aside from routine claims incident to ordinary business[286](index=286&type=chunk) [Item 4. Mine Safety Disclosures](index=61&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the Company - This item is not applicable[287](index=287&type=chunk) [Item 4A. Information About Our Executive Officers](index=62&type=section&id=Item%204A.%20Information%20About%20Our%20Executive%20Officers) This section details the extensive banking and finance experience of the Company's executive officers, including the President and CEO, CFO, COO, and other key leadership roles - **Greg A. Steffens**, President and **CEO**, has over **31** years of banking experience, joining the Company in **1998** as **CFO** and appointed President and **CEO** in **1999**[290](index=290&type=chunk) - **Matthew T. Funke**, **CFO**, joined in **2003** and has over **22** years of banking and finance experience, previously serving as internal auditor and compliance officer[291](index=291&type=chunk) - **Kimberly A. Capps**, **COO**, joined in **1994** and has over **28** years of banking experience, responsible for retail deposit operations, product development, marketing, and enterprise data[292](index=292&type=chunk) - **Lora L. Daves**, **Chief Risk Officer**, joined in **2006** and oversees internal audit, loan review, **BSA**, **CRA**, and compliance functions, with over **32** years of banking and finance experience[293](index=293&type=chunk) - **Justin G. Cox**, **Regional President** for the Bank's west region, joined in **2010** and is responsible for loan production and deposit-taking operations in his region[294](index=294&type=chunk) - **Mark E. Hecker**, **Chief Credit Officer**, joined in **January 2017**, with over **31** years of banking experience, responsible for credit portfolio administration and quality monitoring[296](index=296&type=chunk) - **Rick A. Windes**, **Chief Lending Officer**, joined in **May 2018**, with **28** years of commercial lending and management experience, responsible for the Company's loan production[297](index=297&type=chunk) - **Brett A. Dorton**, **Chief Strategies Officer**, joined in **November 2018** through the **Gideon Acquisition**, overseeing wealth management, insurance brokerage, and **M&A** activities[298](index=298&type=chunk) - **Martin J. Weishaar**, **Chief Legal Officer**, joined in **October 2019**, responsible for legal needs and oversight of the information technology department, with over **21** years in banking legal roles[299](index=299&type=chunk) PART II [Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=64&type=section&id=Item%205.%20Market%20for%20the%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The Company's common stock trades on Nasdaq under "**SMBC**", with **8.9 million** shares outstanding, and it maintains a quarterly dividend policy while actively engaging in share repurchase programs - The Company's common stock is traded on the **Nasdaq Global Market** under the symbol "**SMBC**", with **8,905,198** shares outstanding and approximately **249** common stockholders of record as of **June 30, 2021**[301](index=301&type=chunk) - The Company intends to continue its policy of paying quarterly dividends, with future payments dependent on capital requirements, regulatory limitations, financial condition, and the Bank's ability to pay dividends[302](index=302&type=chunk) - The Company completed a **450,000-share** repurchase program on **May 19, 2021**, at an average cost of **$33.32 per share**, and announced a new program to repurchase up to an additional **445,000** shares on **May 20, 2021**[303](index=303&type=chunk)[304](index=304&type=chunk) Stock Repurchase Activity (Q4 FY2021) | Period | Total of Shares Purchased | Average Price Paid Per Share | Maximum Number of Shares That May Yet Be Purchased | | :-------------------- | :-------------------------- | :--------------------------- | :----------------------------------------------- | | 04/01/21 - 04/30/21 | **14,542** | **$40.03** | **33,125** | | 05/01/21 - 05/31/21 | **37,256** | **$43.41** | **440,869** | | 06/01/21 - 06/30/21 | **2,300** | **$44.01** | **438,569** | Stockholder Return Comparison (June 30, 2016 - June 30, 2021) | Index | 06/30/16 | 06/30/17 | 06/30/18 | 06/30/19 | 06/30/20 | 06/30/21 | | :------------------------------ | :------- | :------- | :------- | :------- | :------- | :------- | | Southern Missouri Bancorp, Inc. | **100.00** | **139.01** | **170.29** | **154.27** | **109.83** | **207.32** | | SNL All Financial Institutions | **100.00** | **137.68** | **151.08** | **155.16** | **134.57** | **216.65** | | SNL Bank NASDAQ | **100.00** | **142.98** | **159.20** | **145.32** | **104.42** | **175.06** | | SNL Bank $1B-$5B | **100.00** | **146.04** | **168.77** | **149.37** | **115.77** | **176.72** | | SNL Midwest Bank | **100.00** | **141.18** | **150.74** | **146.91** | **110.03** | **178.15** | [Item 6. Selected Financial Data](index=66&type=section&id=Item%206.%20Selected%20Financial%20Data) This section summarizes the Company's selected financial condition and operating data for the past five fiscal years, including assets, loans, deposits, net income, and key operating ratios Selected Financial Condition Data (June 30, 2017-2021) | Metric (Thousands USD) | 2021 | 2020 | 2019 | 2018 | 2017 | | :----------------- | :---------- | :---------- | :---------- | :---------- | :---------- | | Total assets | **$2.70 billion** | **$2.54 billion** | **$2.21 billion** | **$1.89 billion** | **$1.71 billion** | | Loans receivable, net | **$2.20 billion** | **$2.14 billion** | **$1.85 billion** | **$1.56 billion** | **$1.40 billion** | | Deposits | **$2.33 billion** | **$2.18 billion** | **$1.89 billion** | **$1.58 billion** | **$1.46 billion** | | Stockholder's equity | **$283.42 million** | **$258.35 million** | **$238.39 million** | **$200.69 million** | **$173.08 million** | Selected Operating Data (Fiscal Years Ended June 30, 2017-2021) | Metric (Thousands USD, except per share) | 2021 | 2020 | 2019 | 2018 | 2017 | | :--------------------------------- | :-------- | :-------- | :-------- | :-------- | :-------- | | Interest income | **$109.48 million** | **$107.05 million** | **$97.48 million** | **$77.17 million** | **$61.49 million** | | Net interest income | **$92.69 million** | **$80.14 million** | **$72.78 million** | **$62.38 million** | **$51.12 million** | | Net Income | **$47.18 million** | **$27.55 million** | **$28.90 million** | **$20.93 million** | **$15.55 million** | | Basic earnings per share | **$5.22** | **$3.00** | **$3.14** | **$2.40** | **$2.08** | | Dividends per share | **$0.62** | **$0.60** | **$0.52** | **$0.44** | **$0.40** | Key Operating Ratios (Fiscal Years Ended June 30, 2017-2021) | Ratio | 2021 | 2020 | 2019 | 2018 | 2017 | | :---------------------------------------- | :------ | :------ | :------ | :------ | :------ | | Return on assets | **1.79%** | **1.18%** | **1.38%** | **1.17%** | **1.05%** | | Return on average common equity | **17.69%** | **11.11%** | **13.13%** | **11.30%** | **11.70%** | | Net interest margin | **3.77%** | **3.72%** | **3.78%** | **3.78%** | **3.74%** | | Allowance for credit losses to gross loans | **1.49%** | **1.16%** | **1.07%** | **1.15%** | **1.10%** | | Ratio of nonperforming assets to total assets | **0.30%** | **0.44%** | **1.12%** | **0.69%** | **0.37%** | [Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=68&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section analyzes the Company's financial condition and operating results, including balance sheet growth, portfolio changes, net interest income, noninterest income, expenses, liquidity, and capital resources - The Company's financial condition saw total assets grow by **$158.4 million (6.2%)** to **$2.7 billion** at **June 30, 2021**, driven by increases in cash, loans, and available-for-sale securities[325](index=325&type=chunk) - Net income for fiscal year **2021** increased by **$19.6 million (71.3%)** to **$47.2 million**, primarily due to a **$12.6 million (15.7%)** increase in net interest income and a **$5.3 million (35.9%)** increase in noninterest income[342](index=342&type=chunk)[343](index=343&type=chunk)[353](index=353&type=chunk) - The Company recorded a negative provision for credit losses of **$1.0 million** in fiscal **2021**, compared to a **$6.0 million** provision in fiscal **2020**, reflecting an improved economic outlook and reduced credit risk[352](index=352&type=chunk) - Deposits increased by **$146.0 million (6.7%)** to **$2.3 billion** at **June 30, 2021**, mainly in interest-bearing and noninterest-bearing transaction accounts, while **FHLB** advances decreased by **$12.5 million (17.8%)** due to strong deposit inflows[337](index=337&type=chunk)[339](index=339&type=chunk) Net Interest Income and Margin Trends (FY2019-2021) | Metric | FY2021 | FY2020 | FY2019 | | :---------------- | :-------- | :-------- | :-------- | | Net Interest Income | **$92.69 million** | **$80.14 million** | **$72.78 million** | | Net Interest Margin | **3.77%** | **3.72%** | **3.78%** | [Item 7A Quantitative and Qualitative Disclosures About Market Risk](index=85&type=section&id=Item%207A%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The Company's asset/liability management strategy focuses on managing interest rate sensitivity to maximize net interest income and control risk, with an analysis of hypothetical interest rate changes on Net Portfolio Value - The Company's asset/liability management strategy focuses on managing interest rate sensitivity by matching repricing intervals of assets and liabilities, increasing commercial and agricultural loan originations, limiting investment portfolio volatility, and attracting non-maturity deposits[400](index=400&type=chunk)[401](index=401&type=chunk) - The Company has increased long-term, fixed-rate residential loan originations and fixed-rate commercial, real estate, and multifamily loans, while also originating adjustable-rate loans and maintaining a relatively short weighted average maturity for its investment portfolio[404](index=404&type=chunk) Interest Rate Sensitivity Analysis (June 30, 2021) | Change in Rates | Net Portfolio Value (Thousands USD) | % Change | NPV Ratio (%) | Change (basis points) | | :---------------- | :------------------------------ | :------- | :------------ | :-------------------- | | +300 bp | **$252.80 million** | **(15)** | **10.05** | **(96)** | | +200 bp | **$277.90 million** | **(7)** | **10.76** | **(25)** | | +100 bp | **$297.37 million** | **(1)** | **11.23** | **21** | | 0 bp | **$299.07 million** | — | **11.01** | — | | -100 bp | **$334.71 million** | **12** | **12.11** | **109** | | -200 bp | **$347.52 million** | **16** | **12.51** | **149** | | -300 bp | **$352.76 million** | **18** | **12.67** | **165** | - The Company has worked to limit exposure to rising rates by increasing non-maturity transaction accounts, limiting **FHLB** borrowings, and maintaining a short duration for its available-for-sale investment portfolio[410](index=410&type=chunk) [Item 8. Financial Statements and Supplementary Information](index=89&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Information) This section presents the Company's audited consolidated financial statements, including balance sheets and income statements, along with the independent auditor's unqualified opinion and discussion of the **CECL** standard as a critical audit matter - **BKD, LLP** issued an unqualified opinion on the Company's consolidated financial statements for the years ended **June 30, 2021, 2020, and 2019**, confirming fair presentation in accordance with **GAAP**[412](index=412&type=chunk) - The independent auditors also expressed an unqualified opinion on the effectiveness of the Company's internal control over financial reporting as of **June 30, 2021**[413](index=413&type=chunk) - The adoption of **ASU 2016-13** (**CECL standard**) effective **July 1, 2020**, materially changed the accounting for allowance for credit losses, identified as a critical audit matter due to its complexity and subjective judgments[414](index=414&type=chunk)[418](index=418&type=chunk)[419](index=419&type=chunk)[420](index=420&type=chunk) Consolidated Balance Sheets (June 30, 2021 vs 2020) | (dollars in thousands USD) | 2021 | 2020 | | :--------------------- | :---------- | :---------- | | **Assets** | | | | Cash and cash equivalents | **$123.59 million** | **$54.25 million** | | Available for sale securities | **$207.02 million** | **$176.52 million** | | Loans receivable, net | **$2.20 billion** | **$2.14 billion** | | Total assets | **$2.70 billion** | **$2.54 billion** | | **Liabilities and Stockholders' Equity** | | | | Deposits | **$2.33 billion** | **$2.18 billion** | | Advances from FHLB | **$57.53 million** | **$70.02 million** | | Subordinated debt | **$15.24 million** | **$15.14 million** | | Total liabilities | **$2.42 billion** | **$2.28 billion** | | Total stockholders' equity | **$283.42 million** | **$258.35 million** | | Total liabilities and stockholders' equity | **$2.70 billion** | **$2.54 billion** | Consolidated Statements of Income (Years Ended June 30, 2021, 2020, 2019) | (dollars in thousands USD except per share data) | 2021 | 2020 | 2019 | | :----------------------------------------- | :-------- | :-------- | :-------- | | Total Interest Income | **$109.48 million** | **$107.05 million** | **$97.48 million** | | Total Interest Expense | **$16.79 million** | **$26.92 million** | **$24.70 million** | | Net Interest Income | **$92.69 million** | **$80.14 million** | **$72.78 million** | | Provision for credit losses | **$(1.02 million)** | **$6.00 million** | **$2.03 million** | | Total Noninterest Income | **$20.04 million** | **$14.75 million** | **$13.09 million** | | Total Noninterest Expense | **$54.05 million** | **$54.45 million** | **$47.89 million** | | Income Before Income Taxes | **$59.71 million** | **$34.43 million** | **$35.95 million** | | Net Income | **$47.18 million** | **$27.55 million** | **$28.90 million** | | Basic earnings per share | **$5.22** | **$3.00** | **$3.14** | [Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=145&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The Company reports no changes in or disagreements with its accountants on accounting and financial disclosure matters - There have been no changes in or disagreements with accountants on accounting and financial disclosure matters[609](index=609&type=chunk) [Item 9A. Controls and Procedures](index=145&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management, including the **CEO** and **CFO**, concluded that disclosure controls and internal control over financial reporting were effective as of **June 30, 2021**, with no material changes during the fiscal year - The Company's **Chief Executive Officer** and **Chief Financial Officer** concluded that disclosure controls and procedures were effective as of **June 30, 2021**, ensuring timely and accurate information disclosure[610](index=610&type=chunk) - Management assessed and affirmed the effectiveness of the Company's internal control over financial reporting as of **June 30, 2021**, based on the **COSO Internal Control-Integrated Framework (2013)**[612](index=612&type=chunk)[615](index=615&type=chunk) - **BKD, LLP**, the independent registered public accounting firm, issued an unqualified opinion on the Company's internal control over financial reporting as of **June 30, 2021**[617](index=617&type=chunk)[618](index=618&type=chunk) - No changes in internal control over financial reporting occurred during the fiscal year ended **June 30, 2021**, that materially affected, or are reasonably likely to materially affect, internal control over financial reporting[610](index=610&type=chunk)[625](index=625&type=chunk) [Item 9B. Other Information](index=149&type=section&id=Item%209B.%20Other%20Information) There is no other information required to be disclosed in this section - There is no other information to report under this item[626](index=626&type=chunk) PART III [Item 10. Directors, Executive Officers, and Corporate Governance](index=149&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%2C%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance, including the independent Audit/Compliance Committee and Code of Conduct, is incorporated by reference from the **2021** Proxy Statement - Information on directors, executive officers, and corporate governance is incorporated by reference from the definitive proxy statement for the **2021** Annual Meeting of Stockholders[628](index=628&type=chunk)[629](index=629&type=chunk) - The Audit/Compliance Committee consists of independent directors, with **Mr. Love** identified as an "audit committee financial expert"[630](index=630&type=chunk) - The Company has adopted a written Code of Conduct and Ethics, applicable to all directors, officers, and employees, available on its website[631](index=631&type=chunk) [Item 11. Executive Compensation](index=149&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation information is incorporated by reference from the definitive proxy statement for the **2021** Annual Meeting of Stockholders - Executive compensation information is incorporated by reference from the definitive proxy statement for the **2021** Annual Meeting of Stockholders[633](index=633&type=chunk) [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=150&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information is incorporated by reference, with **89,500** outstanding options at **$33.77** and **250,913** shares available for future issuance under equity compensation plans as of **June 30, 2021** - Information concerning security ownership of certain beneficial owners and management is incorporated by reference from the definitive proxy statement for the **2021** Annual Meeting of Stockholders[635](index=635&type=chunk) Equity Compensation Plan Information (June 30, 2021) | Plan Category | Number of securities to be issued upon exercise of outstanding options, warrants and rights | Weighted-average exercise price of outstanding options, warrants and rights | Number of Securities remaining available for future issuance under equity compensation plans | | :------------------------------------ | :------------------------------------------------------------------------ | :------------------------------------------------------------------------ | :------------------------------------------------------------------------- | | Equity Compensation Plans Approved By Security Holders | **89,500** | **$33.77** | **250,913** | [Item 13. Certain Relationships, Related Transactions, and Director Independence](index=150&type=section&id=Item%2013.%20Certain%20Relationships%2C%20Related%20Transactions%2C%20and%20Director%20Independence) Information regarding certain relationships, related transactions, and director independence is incorporated by reference from the **2021** Proxy Statement - Information concerning certain relationships, related transactions, and director independence is incorporated by reference from the definitive proxy statement for the **2021** Annual Meeting of Stockholders[638](index=638&type=chunk) [Item 14. Principal Accountant Fees and Services](index=150&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information concerning fees and services provided by the principal accountants is incorporated by reference from the **2021** Proxy Statement - Information concerning fees and services by the principal accountants is incorporated by reference from the definitive Proxy Statement for the **2021** Annual Meeting of Stockholders[639](index=639&type=chunk) PART IV [Item 15. Exhibits and Financial Statement Schedules](index=151&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists financial statements from Part II, Item **8**, confirms omission of schedules, and provides a comprehensive list of exhibits, including corporate governance documents and material contracts - The section lists the consolidated financial statements (Balance Sheets, Statements of Income, Comprehensive Income, Stockholders' Equity, Cash Flows, and Notes) contained in Part II, Item **8** of this **Form 10-K**[642](index=642&type=chunk) - All financial statement schedules have been omitted as not required or applicable[642](index=642&type=chunk) - A comprehensive list of exhibits is provided, including corporate governance documents (Articles of Incorporation, Bylaws), material contracts (incentive plans, employment agreements, director retirement agreements, change-in-control agreements), and regulatory certifications (**Rule 13a-14(a)** and Section **906**)[643](index=643&type=chunk)[644](index=644&type=chunk)[645](index=645&type=chunk) [Item 16. Form 10-K Summary](index=153&type=section&id=Item%2016.%20Form%2010-K%20Summary) No **Form 10-K** Summary is provided in this report - No **Form 10-K** Summary is provided[646](index=646&type=chunk) [SIGNATURES](index=154&type=section&id=SIGNATURES) The report is signed by **Greg A. Steffens**, President and **CEO**, and other directors and **CFO** **Matthew T. Funke**, on **September 13, 2021** - The report is signed by **Greg A. Steffens**, President and **Chief Executive Officer**, and other directors and the **Chief Financial Officer**, **Matthew T. Funke**, on **September 13, 2021**[651](index=651&type=chunk)[652](index=652&type=chunk)

Financial Data and Key Metrics Changes - The company earned $1.53 diluted in the June quarter, up $0.26 from the linked March quarter and up $0.77 from the $0.76 diluted earned in the June 2020 quarter [15] - Net interest margin in June was 3.74%, which included about 7 basis points from fair value accretion on acquired loans [16] - Noninterest income was up $0.5 million compared to the June quarter a year ago, driven by improved loan servicing income [20] - Noninterest expenses were down $1.3 million compared to the year-ago quarter, primarily due to the absence of M&A charges [21] Business Line Data and Key Metrics Changes - Agricultural production loans were up nearly $15 million in the quarter, while ag real estate balances were down $1.5 million for the quarter [11] - Loan growth was stronger in the current quarter, with gross loan balances up $63 million in the June quarter [25] - The largest category of growth in the quarter was multifamily, which grew $48 million [31] Market Data and Key Metrics Changes - The company reported a decline in nonperforming loans and past due loans, with past due loans totaling only $3.8 million, which is 18 basis points of total loans outstanding [9] - The allowance as a percentage of gross loans declined by 13 basis points to 1.49% at June 30 [27] Company Strategy and Development Direction - The company is optimistic about M&A opportunities and has had more in-depth discussions with several bids outstanding [35] - The outlook for the September quarter remains strong, with a loan pipeline of $141 million at June 30, which is about 60% higher than the same time last year [32] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook on credit quality and borrower performance, despite the uptick in COVID cases [6] - The company is budgeting for about 4% growth outside of PPP forgiveness, expecting growth to decline in the latter parts of the year [32] Other Important Information - The company completed a repurchase plan for 450,000 shares and announced a new plan for 445,000 shares [36] - The company has implemented various security protocols and training to protect against cyber threats [46] Q&A Session Summary Question: Loan pipeline mix - The loan pipeline remains similar to the previous quarter, with a lot of multifamily loans and a drop in residential loans [39] Question: Core margin expansion trend - Management is optimistic about near-term margin trends, expecting cash to make up a lower percentage of average earning assets [41] Question: Provision and reserve level - The current reserve level is appropriate based on modeled economic conditions, with no specific target in mind [43] Question: Cybersecurity measures - The company conducts quarterly testing and has various security protocols in place to protect against cyber threats [46] Question: Mobile banking app success - There has been significant adoption of the mobile banking app, with increasing numbers of mobile deposits and utilization [47]

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23406 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q Southern Missouri Bancorp, Inc. | (Exact name of registrant as specified in its charter) | | | --- | --- | | ...

Southern Missouri Bancorp, Inc (NASDAQ:SMBC) Q3 2021 Earnings Conference Call April 27, 2021 4:30 PM ET Company Participants Matt Funke - Chief Financial Officer Greg Steffens - President and CEO Conference Call Participants Andrew Liesch - Piper Sandler Kelly Motta - KBW Operator Good day and welcome to the Southern Missouri Bancorp Quarterly Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23406 Southern Missouri Bancorp, Inc. (Exact name of registrant as specified in its charter) Missouri 43-166552 ...

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Q3 2020 Earnings Conference Call October 27, 2020 4:30 PM ET Company Participants Matt Funke - Chief Financial Officer Greg Steffens - President and CEO Conference Call Participants Andrew Liesch - Piper Sandler Kelly Motta - KBW Operator Good day and welcome to Southern Missouri Bancorp Inc. Quarterly Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After todayÂ's presentation, there will be an opportunity to ask q ...

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Q4 2020 Results Earnings Conference Call July 28, 2020 4:30 PM ET Company Participants Matt Funke - Chief Financial Officer Greg Steffens - President and CEO Conference Call Participants Andrew Liesch - Piper Sandler Kelly Motta - KBW Operator Hello and welcome to Southern Missouri Bancorp Quarterly Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After todayÂ's presentation, there will be an opportunity to ask ques ...

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Q2 2020 Earnings Conference Call January 28, 2020 4:30 PM ET Company Participants Matt Funke - CFO Greg Steffens - President & CEO Conference Call Participants Andrew Liesch - Piper Sandler Kelly Motta - Keefe, Bruyette & Woods, Inc. Operator Good afternoon. Welcome to Southern Missouri Bancorp Quarterly Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, that this event is being recorded. I now would like ...

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Q1 2020 Earnings Conference Call October 22, 2019 4:30 PM ET Company Participants Matt Funke - Chief Financial Officer Greg Steffens - President and Chief Executive Officer Conference Call Participants Andrew Liesch - Sandler OÂ'Neill + Partners, L.P. Kelly Motta - Keefe, Bruyette & Woods, Inc. Operator Good day and welcome to the Southern Missouri Bancorp Quarterly Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] A ...

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Q4 2019 Earnings Conference Call July 23, 2019 4:30 PM ET Company Participants Matt Funke - CFO Greg Steffens - CEO Conference Call Participants Andrew Liesch - Sandler O'Neill Kelly Motta - KBW Operator Good day and welcome to the Southern Missouri Bancorp Quarterly Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will an opportunity to ask questions. [Operator Instructions] Plea ...