Southern Missouri Bancorp, Inc. Files 10-Q for Period Ending December 31, 2023
Ticker: SMBC · Form: 10-Q · Filed: Feb 9, 2024 · CIK: 916907
Complexity: simple
Sentiment: neutral
Topics: 10-Q, Financial Report, Southern Missouri Bancorp, SMBC, Balance Sheet
TL;DR
<b>Southern Missouri Bancorp, Inc. (SMBC) has filed its Q2 FY2024 10-Q report, detailing financial positions and key balance sheet components.</b>
AI Summary
SOUTHERN MISSOURI BANCORP, INC. (SMBC) filed a Quarterly Report (10-Q) with the SEC on February 9, 2024. Southern Missouri Bancorp, Inc. filed its 10-Q report for the period ending December 31, 2023. The filing covers the second quarter of fiscal year 2024. Key financial statement elements like Additional Paid-In Capital, Treasury Stock, Retained Earnings, Common Stock, and Accumulated Other Comprehensive Income are detailed as of various dates in 2022 and 2023. Information regarding Foreclosed and Repossessed Assets is available via a provided URL. The company's business address is 2991 Oak Grove Road, Poplar Bluff, MO 63901, with a phone number of 573-778-1800.
Why It Matters
For investors and stakeholders tracking SOUTHERN MISSOURI BANCORP, INC., this filing contains several important signals. This 10-Q filing provides stakeholders with an updated view of the company's financial health and performance for the second quarter of fiscal year 2024, enabling informed investment decisions. The detailed breakdown of equity accounts and asset information, including foreclosed assets, offers transparency into the company's operational status and risk exposure.
Risk Assessment
Risk Level: low — SOUTHERN MISSOURI BANCORP, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) with no immediate red flags or significant negative disclosures, indicating a routine update on financial performance.
Analyst Insight
Monitor SMBC's subsequent filings for trends in its equity accounts and performance of its loan portfolios, particularly commercial and consumer segments.
Key Numbers
- 2023-12-31 — Period End Date (Consolidated Balance Sheet)
- 2023-06-30 — Prior Period End Date (Consolidated Balance Sheet)
- 2023-10-01 — Quarter Start Date (Consumer Portfolio Segment)
- 2023-12-31 — Quarter End Date (Consumer Portfolio Segment)
Key Players & Entities
- SOUTHERN MISSOURI BANCORP, INC. (company) — Filer name
- SMBC (company) — Ticker symbol
- 2023-12-31 (date) — Period of report
- 2024-02-09 (date) — Filing date
- 2991 OAK GROVE ROAD (address) — Business street address
- POPLAR BLUFF (location) — Business city
- MO (location) — Business state
- 63901 (postal_code) — Business zip code
FAQ
When did SOUTHERN MISSOURI BANCORP, INC. file this 10-Q?
SOUTHERN MISSOURI BANCORP, INC. filed this Quarterly Report (10-Q) with the SEC on February 9, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by SOUTHERN MISSOURI BANCORP, INC. (SMBC).
Where can I read the original 10-Q filing from SOUTHERN MISSOURI BANCORP, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by SOUTHERN MISSOURI BANCORP, INC..
What are the key takeaways from SOUTHERN MISSOURI BANCORP, INC.'s 10-Q?
SOUTHERN MISSOURI BANCORP, INC. filed this 10-Q on February 9, 2024. Key takeaways: Southern Missouri Bancorp, Inc. filed its 10-Q report for the period ending December 31, 2023.. The filing covers the second quarter of fiscal year 2024.. Key financial statement elements like Additional Paid-In Capital, Treasury Stock, Retained Earnings, Common Stock, and Accumulated Other Comprehensive Income are detailed as of various dates in 2022 and 2023..
Is SOUTHERN MISSOURI BANCORP, INC. a risky investment based on this filing?
Based on this 10-Q, SOUTHERN MISSOURI BANCORP, INC. presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) with no immediate red flags or significant negative disclosures, indicating a routine update on financial performance.
What should investors do after reading SOUTHERN MISSOURI BANCORP, INC.'s 10-Q?
Monitor SMBC's subsequent filings for trends in its equity accounts and performance of its loan portfolios, particularly commercial and consumer segments. The overall sentiment from this filing is neutral.
Key Dates
- 2023-12-31: Period End Date — End of the reporting period for the 10-Q filing.
- 2024-02-09: Filing Date — Date the 10-Q report was officially submitted to the SEC.
Glossary
- 10-Q
- A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a timely update on the company's financial condition between annual reports.)
- AdditionalPaidInCapital
- The amount paid by investors for stock above its par value. (Reflects capital raised from stock issuance beyond the stated par value, impacting equity.)
- TreasuryStockCommon
- Company stock that has been repurchased from the open market. (Reduces the number of outstanding shares and total equity.)
Filing Stats: 4,536 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2024-02-09 15:05:06
Filing Documents
- smbc-20231231x10q.htm (10-Q) — 4890KB
- smbc-20231231xex31d1.htm (EX-31.1) — 14KB
- smbc-20231231xex31d2.htm (EX-31.2) — 14KB
- smbc-20231231xex31d3.htm (EX-31.3) — 14KB
- smbc-20231231xex32.htm (EX-32) — 12KB
- 0001558370-24-000925.txt ( ) — 20475KB
- smbc-20231231.xsd (EX-101.SCH) — 76KB
- smbc-20231231_cal.xml (EX-101.CAL) — 120KB
- smbc-20231231_def.xml (EX-101.DEF) — 325KB
- smbc-20231231_lab.xml (EX-101.LAB) — 659KB
- smbc-20231231_pre.xml (EX-101.PRE) — 530KB
- smbc-20231231x10q_htm.xml (XML) — 5764KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 55 Item 4.
Controls and Procedures
Controls and Procedures 58 PART II. OTHER INFORMATION 59 Item 1.
Legal Proceedings
Legal Proceedings 59 Item 1a.
Risk Factors
Risk Factors 59 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 59 Item 3. Defaults upon Senior Securities 59 Item 4. Mine Safety Disclosures 59 Item 5. Other Information 59 Item 6. Exhibits 60 - Signature Page 62 Table of Contents
: Item 1 : Condensed Consolidated Financial Statements
PART I: Item 1 : Condensed Consolidated Financial Statements SOUTHERN MISSOURI BANCORP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND JUNE 30, 2023 December 31, 2023 June 30, 2023 (dollars in thousands) (unaudited) Assets Cash and cash equivalents $ 216,353 $ 53,979 Interest-bearing time deposits 737 1,242 Available for sale securities 417,406 417,554 Stock in FHLB of Des Moines 8,958 11,540 Stock in Federal Reserve Bank of St. Louis 9,065 9,061 Loans receivable, net of ACL of $ 50,084 and $ 47,820 at December 31, 2023 and June 30, 2023, respectively 3,681,806 3,571,078 Accrued interest receivable 24,491 18,871 Premises and equipment, net 94,519 92,397 Bank owned life insurance – cash surrender value 72,618 71,684 Goodwill 50,727 50,773 Other intangible assets, net 28,361 30,472 Prepaid expenses and other assets 38,461 31,560 Total assets $ 4,643,502 $ 4,360,211 Liabilities and Stockholders' Equity Deposits $ 3,994,898 $ 3,725,540 Advances from FHLB 113,036 133,514 Accounts payable and other liabilities 31,518 27,271 Accrued interest payable 10,738 4,723 Subordinated debt 23,130 23,105 Total liabilities 4,173,320 3,914,153 Commitments and contingencies Common stock, $ .01 par value; 25,000,000 shares authorized; 11,925,087 and 11,919,087 shares issued at December 31, 2023 and June 30, 2023, respectively 119 119 Additional paid-in capital 218,675 218,260 Retained earnings 291,304 270,720 Treasury stock of 588,625 shares at December 31, 2023 and June 30, 2023, at cost ( 21,116 ) ( 21,116 ) Accumulated other comprehensive loss ( 18,800 ) ( 21,925 ) Total stockholders' equity 470,182 446,058 Total liabilities and stockholders' equity $ 4,643,502 $ 4,360,211 See Notes to Condensed Consolidated Financial Statements -3- Table of Contents SOUTHERN MISSOURI BANCORP, INC CONDENSED CONSOLIDATED STATEMENTS