Southern Missouri Bancorp Files Q2 2025 10-Q
Ticker: SMBC · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 916907
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
SMBC Q2 2025 10-Q filed. Assets and liabilities detailed. Check financials.
AI Summary
Southern Missouri Bancorp, Inc. filed its 10-Q for the period ending December 31, 2024. The company reported its financial position, including assets and liabilities. Specific financial details such as property, plant, and equipment net, and accounts payable and other accrued liabilities were disclosed.
Why It Matters
This filing provides investors and analysts with a detailed look at Southern Missouri Bancorp's financial health and operational performance during the second quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 55000 — Property, Plant, and Equipment Net (Reported value for the period ending December 31, 2024.)
- 51500 — Accounts Payable and Other Accrued Liabilities (Reported value for the period ending December 31, 2024.)
Key Players & Entities
- SOUTHERN MISSOURI BANCORP, INC. (company) — Filer
- 20241231 (date) — Period of Report
- 20250210 (date) — Filing Date
- 573-778-1800 (phone_number) — Business Phone
FAQ
What was Southern Missouri Bancorp's net income for the quarter ending December 31, 2024?
The provided excerpt does not contain specific net income figures for the quarter ending December 31, 2024.
How has the company's total assets changed compared to the previous quarter?
The filing excerpt does not provide comparative data for total assets from the previous quarter.
What is the company's strategy regarding the Secured Overnight Financing Rate (SOFR)?
The filing mentions 'SecuredOvernightFinancingRateSofrMember' but does not detail the company's specific strategy or exposure to SOFR.
Are there any significant changes in the company's liabilities reported in this 10-Q?
The filing lists 'AccountsPayableAndOtherAccruedLiabilities' as 51500, but without prior period comparison, it's difficult to assess significant changes.
What is the nature of the 'ForeclosedAndRepossessedAssetsMember' mentioned in the filing?
The filing references 'ForeclosedAndRepossessedAssetsMember' from the company's website for December 31, 2024, but the specific details of these assets are not included in this excerpt.
Filing Stats: 4,513 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2025-02-10 17:22:14
Filing Documents
- smbc-20241231x10q.htm (10-Q) — 6311KB
- smbc-20241231xex31d1.htm (EX-31.1) — 14KB
- smbc-20241231xex31d2.htm (EX-31.2) — 14KB
- smbc-20241231xex31d3.htm (EX-31.3) — 14KB
- smbc-20241231xex32.htm (EX-32) — 12KB
- 0001558370-25-000757.txt ( ) — 26485KB
- smbc-20241231.xsd (EX-101.SCH) — 77KB
- smbc-20241231_cal.xml (EX-101.CAL) — 111KB
- smbc-20241231_def.xml (EX-101.DEF) — 346KB
- smbc-20241231_lab.xml (EX-101.LAB) — 670KB
- smbc-20241231_pre.xml (EX-101.PRE) — 578KB
- smbc-20241231x10q_htm.xml (XML) — 8079KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 45 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 62 Item 4.
Controls and Procedures
Controls and Procedures 65 PART II. OTHER INFORMATION 66 Item 1.
Legal Proceedings
Legal Proceedings 66 Item 1a.
Risk Factors
Risk Factors 66 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 66 Item 3. Defaults upon Senior Securities 66 Item 4. Mine Safety Disclosures 66 Item 5. Other Information 66 Item 6. Exhibits 67 - Signature Page 69 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, 2024 AND JUNE 30, 2024 December 31, 2024 June 30, 2024 (dollars in thousands) (unaudited) Assets Cash and cash equivalents $ 145,834 $ 60,904 Interest-bearing time deposits 244 491 Available for sale securities 468,060 427,903 Stock in FHLB of Des Moines 9,003 8,713 Stock in Federal Reserve Bank of St. Louis 9,096 9,089 Loans receivable, net of ACL of $ 54,740 and $ 52,516 at December 31, 2024 and June 30, 2024, respectively 3,972,239 3,797,287 Accrued interest receivable 28,080 23,826 Premises and equipment, net 96,418 95,952 Bank owned life insurance – cash surrender value 74,643 73,601 Goodwill 50,727 50,727 Other intangible assets, net 24,672 26,505 Prepaid expenses and other assets 28,658 29,318 Total assets $ 4,907,674 $ 4,604,316 Liabilities and Stockholders' Equity Deposits $ 4,210,627 $ 3,943,059 Securities sold under agreements to repurchase 15,000 9,398 Advances from FHLB 107,070 102,050 Accounts payable and other liabilities 28,502 25,037 Accrued interest payable 10,922 12,868 Subordinated debt 23,182 23,156 Total liabilities 4,395,303 4,115,568 Commitments and contingencies Common stock, $ .01 par value; 25,000,000 shares authorized; 11,958,587 and 11,959,157 shares issued at December 31, 2024 and June 30, 2024, respectively 120 120 Additional paid-in capital 220,358 219,680 Retained earnings 333,297 311,376 Treasury stock of 681,420 and 681,420 shares at December 31, 2024 and June 30, 2024, respectively, at cost ( 24,973 ) ( 24,973 ) Accumulated other comprehensive loss ( 16,431 ) ( 17,455 ) Total stockholders' equity 512,371 488,748 Total liabilities and stockholders' equity $ 4,907,674 $ 4,604,316 See Notes to Condensed Consolidated Financial Statements -3