Southern Missouri Bancorp (SMBC) 10-K 2010 FY Annual report

EXHIBIT 11

Statement Regarding Computation of Per Share Earnings

SOUTHERN MISSOURI BANCORP, INC. AND SUBSIDIARY

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

	Year Ended June 30,
	2010		2009		2008
Basic    Average shares outstanding		2,083,458		2,123,144		2,199,928
Net income	$	4,625,588	$	3,835,077	$	3,613,480
Less: effective dividend on preferred shares		510,006		288,841		-
Net income available to common stockholders	$	4,115,582	$	3,546,236	$	3,613,480
Basic earnings per share available to common       stockholders	$	1.98	$	1.67	$	1.64
Diluted    Average shares outstanding		2,083,458		2,123,144		2,199,928
Net effect of dilutive stock options - based on the       treasury stock method using the period end market       price, if greater than average market price		21,834		1,225		12,204
Total		2,105,292		2,124,369		2,212,132
Net income	$	4,625,588	$	3,835,077	$	3,613,480
Less: effective dividend on preferred shares		510,006		288,841		-
Net income available to common stockholders	$	4,115,582	$	3,546,236	$	3,613,480
Diluted earnings per share available to common       stockholders	$	1.95	$	1.67	$	1.63