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Southern Missouri Bancorp (SMBC) Company Profile

Updated Aug 8, 2019
Southern Missouri Bancorp has the following business profile:
Company's Full Name:Southern Missouri Bancorp, Inc.
Short Name:Southern Missouri Bancorp
Trading Ticker Symbol:SMBC
Primary Exchange:NASDAQ
Headquarter City/Country:Missouri, MO
Primary Industry Sector:Finance
Seconday Sub-sector:Banks
Main Business Areas: Finance, Banks, Financial Services, Savings & Cooperative Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Southern Missouri Bancorp

The following details were available for trading and market data about the stock of Southern Missouri Bancorp as of writing:
Current Share Price:$33.1
Previous Year's Closing Price:$33.9
Percentage Price Change (YTD):-2.36%
Market Cap:$308.64 million
52-week Price Range:$29.92 - $40
Dividend Per Share:$0.52
EPS (TTM):2.95
Price-Earnings (Trailing):11.22
Price-Earnings (Forward):9.54

Company Profile and Business Description for Southern Missouri Bancorp

Southern Missouri Bancorp, Inc., incorporated on September 16, 1998, is the holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of attracting retail deposits from the public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines (FHLB), and brokered deposits. The Bank attracts deposits to invest in one- to four-family residential mortgage loans, mortgage loans secured by commercial real estate, commercial non-mortgage business loans and consumer loans. These funds are also used to purchase mortgage-backed and related securities (MBS), the United States Government Agency obligations, municipal bonds and other permissible investments. As of June 30, 2016, the Company had total assets of $1.4 billion and stockholders' equity of $126 million. The Bank provides its customers with a range of community banking services.

Lending Activities

The Bank's lending activities consist of origination of loans secured by mortgages on one- to four-family and multifamily residential real estate, commercial and agricultural real estate, construction loans on residential and commercial properties, commercial and agricultural business loans and consumer loans. The Bank purchases loan participation interests originated by other lenders and secured by properties located in the states of Missouri or Arkansas. As of June 30, 2016, residential loans secured by one- to four-family residences totaled $264.0 million. The Bank offers both fixed-rate and adjustable-rate mortgage (ARM) loans. As of June 30, 2016, the Bank originated $27.9 million of ARM loans and $27.6 million of fixed-rate loans that were secured by one- to four-family residences, for retention in the Bank's portfolio. As of June 30, 2016, the Bank had $129.0 million in multi-family residential real estate.

The Bank originates loans secured by commercial real estate, including land, strip shopping centers, retail establishments, nursing homes and other healthcare related facilities, and other businesses located in the Bank's market area. As of June 30, 2016, the Bank had $452.1 million in commercial real estate loans. The Bank originates real estate loans secured by property or land that is under construction or development. As of June 30, 2016, the Bank had $77.4 million in construction loans outstanding. As of June 30, 2016, $43.9 million of the Bank's construction loans were secured by one- to four-family residential real estate, $18.3 million of which were secured by multi-family residential real estate, and $15.2 million of which were secured by commercial real estate.

The Bank offers a range of secured consumer loans, including home equity, direct and indirect automobile loans, second mortgages, mobile homes and loans secured by deposits. As of June 30, 2016, the Bank's consumer loan portfolio totaled $46.5 million. As of June 30, 2016, home equity loans totaled $25.1 million. As of June 30, 2016, automobile loans totaled $6.2 million. The Bank's commercial business lending activities include loans with a range of purposes and security, including loans to finance accounts receivable, inventory, equipment and operating lines of credit. As of June 30, 2016, the Bank had $202.0 million in commercial business loans outstanding. The Bank offers both fixed and adjustable rate commercial business loans.

Investment Activities

The Bank is permitted to invest in a range of liquid assets, including the United States Government and State of Missouri obligations, securities of various federal agencies, certain certificates of deposit of insured banks and savings institutions, banker's acceptances, repurchase agreements, federal funds, commercial paper, investment grade corporate debt securities and obligations of States and their political sub-divisions. The Company identifies the investments as available-for-sale (AFS) at the time of purchase. As of June 30, 2016, AFS securities totaled $129.2 million. As of June 30, 2016, the Company's debt and other securities portfolio totaled $58.0 million. As of June 30, 2016, the investment securities portfolio included $6.5 million in the United States Government and government agency bond. As of June 30, 2016, the Company owned four pooled trust preferred securities with a fair value of $1.0 million and a book value of $1.6 million. As of June 30, 2016, MBS totaled $71.2 million.

Sources of Funds

The Company's primary sources of funds are deposits, borrowings, payments of principal and interest on loans, MBS and collateralized mortgage obligations (CMOs), interest and principal received on investment securities and other short-term investments, and funds provided from operating results. The Bank's depositors are residents and entities located in the State of Missouri or Arkansas. Deposits are attracted from within the Bank's market area through the offering of a selection of deposit instruments, including demand deposit accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts, saving accounts, certificates of deposit and retirement savings plans. The Bank uses FHLB advances. As of June 30, 2016, the Bank had $69.8 million in FHLB advances. The Bank's securities sold under agreements to repurchase are also classified as borrowings. As of June 30, 2016, the Bank had outstanding $27.1 million in repurchase agreements. As of June 30, 2016, the Bank had total deposits of $1.1 billion.

2991 Oak Grove Rd

Peer / Competitor Companies of Banks Sector

Along with Southern Missouri Bancorp, Inc., the following other peer (competitor) companies also exist within the same Banks - Finance sector whose company profile and dividend history is as follows:

▶ Anchor Bancorp (ANCB): Anchor Bancorp, incorporated on September 8, 2008, is the bank holding company of Anchor Bank (the Bank). The Bank is a community-based savings bank. As of June 30, 2016, the ....See Detailed Company Profile  and Dividend History.

▶ Bay Banks of Virginia (BAYK): Bay Banks of Virginia, Inc., through its subsidiaries, provides various banking products and services to businesses, professionals, and consumers in Virginia. The company accepts checking accounts, savings acco....See Detailed Company Profile  and Dividend History.

▶ Berkshire Hills Bancorp (BHLB): Berkshire Hills Bancorp, Inc. (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products ....See Detailed Company Profile  and Dividend History.

▶ Entegra Financial (ENFC): Entegra Financial Corp., incorporated on May 31, 2011, is the holding company for Entegra Bank. The Company provides a range of financial services through full-service offices located in Cherokee, Henderson, ....See Detailed Company Profile  and Dividend History.

▶ ESSA Bancorp (ESSA): ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts savin....See Detailed Company Profile  and Dividend History.

▶ First Connecticut Bancorp (FBNK): First Connecticut Bancorp, Inc. (FCB), incorporated on January 27, 2011, is a stock holding company. The Company operates through its subsidiary, Farmington Bank (the Bank), which is a full-service community ....See Detailed Company Profile  and Dividend History.

▶ First Northwest Bancorp (FNWB): First Northwest Bancorp operates as a bank holding company for First Federal Savings and Loan Association of Port Angeles that provides commercial and consumer banking services to individuals, busines....See Detailed Company Profile  and Dividend History.

▶ FS Bancorp (FSBW): FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry nich....See Detailed Company Profile  and Dividend History.

▶ Greene County Bancorp (GCBC): Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services. Its deposit products include savings, NOW accounts, money market accou....See Detailed Company Profile  and Dividend History.

▶ Heritage Financial (HFWA): Heritage Financial Corporation, incorporated on August 28, 1997, is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its ....See Detailed Company Profile  and Dividend History.

▶ Home Bancorp (HBCP): Home Bancorp, Inc. operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest....See Detailed Company Profile  and Dividend History.

▶ Malvern Bancorp (MLVF): Malvern Bancorp, Inc. operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The company accepts ....See Detailed Company Profile  and Dividend History.

▶ New York Community Bancorp (NYCB): New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey....See Detailed Company Profile  and Dividend History.

▶ Prudential Bancorp (PBIP): Prudential Bancorp, Inc., incorporated on June 6, 2013, is a holding company for Prudential Savings Bank (the Bank). The Bank is a Pennsylvania-chartered, Federal Deposit Insurance Corporation (FDIC)-insured savings bank. ....See Detailed Company Profile  and Dividend History.

▶ Timberland Bancorp (TSBK): Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market depos....See Detailed Company Profile  and Dividend History.

▶ United Community Financial (UCFC): United Community Financial Corp., incorporated on February 2, 1998, is financial services holding company. The Companys subsidiaries include The Home Savings and Loan Company of Youngstown, Ohio (Home Savings or ....See Detailed Company Profile  and Dividend History.

▶ United Financial Bancorp (UBNK): United Financial Bancorp, Inc., incorporated on September 13, 2010, is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to ....See Detailed Company Profile  and Dividend History.

▶ Wellesley Bancorp (WEBK): Wellesley Bancorp, Inc., incorporated on October 1, 2011, is the holding company for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to ....See Detailed Company Profile  and Dividend History.

▶ Wolverine Bancorp (WBKC): Wolverine Bancorp, Inc., incorporated on October 8, 2010, is a savings and loan holding company of Wolverine Bank (the Bank), which is a subsidiary of the Company. The Bank is ....See Detailed Company Profile  and Dividend History.

▶ WVS Financial (WVFC): WVS Financial Corp., incorporated on July 30, 1993, is a bank holding company of West View Savings Bank. West View Savings Bank is a Pennsylvania-chartered, Federal Deposit Insurance Corporation (FDIC)-insured ....See Detailed Company Profile  and Dividend History.

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