Southern Missouri Bancorp (SMBC)

The bank offers a broad mix of traditional banking services, including checking and savings accounts, certificates of deposit, residential mortgages, commercial real estate loans, business lending, agricultural and consumer credit, debit and card services, and digital banking tools. Its lending book includes one- to four-family home loans, loans secured by commercial property, non-mortgage commercial loans, and consumer finance products. Southern Missouri Bancorp also uses wholesale funding sources, including advances from the Federal Home Loan Bank system, to supplement customer deposits when needed.

Revenue is generated mainly from net interest income, the spread between what the bank earns on loans and securities and what it pays on deposits and borrowings. Fee-based income, such as bank card interchange, service charges, loan-related fees, and late charges, provides an additional contribution. The company’s appeal for investors lies in its position as a locally focused banking franchise with exposure to household, small-business, commercial property, and community development activity in its operating footprint.