EXHIBIT 10.1
 
Named Executive Officer Salary and Bonus Arrangements for 2012
 
Base Salaries
 
The base salaries for fiscal 2013 for the executive officers (the "named
executive officers") of Southern Missouri Bancorp, Inc. (the "Company") who will
be named in the compensation table that will appear in the Company's upcoming
2012 Annual Meeting proxy statement are as follows:
 
Name and Title
 
 
Base Salary
 
Greg A. Steffens
President and Chief Executive Officer, Southern Missouri Bancorp, Inc., and
Southern Bank
  $ 238,000  
Matthew T. Funke
Chief Financial Officer, Southern Missouri Bancorp, Inc., and Southern Bank
  $ 135,000  
Kimberly A. Capps
Chief Operations Officer, Southern Missouri Bancorp., Inc. and Southern Bank
  $ 128,000  
William D. Hribovsek
Chief Lending Officer, Southern Missouri Bancorp., Inc. and Southern Bank
  $ 168,000  
Lora L. Daves
Chief of Credit Administration, Southern Missouri Bancorp., Inc. and Southern
Bank
  $ 118,000  

 
Description of 2012 Bonus Arrangement
 
The Company does not have a formal cash bonus plan in place for named executive
officers. Through July 2011, executive compensation limits imposed on the
Company as a participant in Treasury’s TARP program prohibited cash bonus
payments to our Chief Executive Officer.  For fiscal 2011, executive officers
other than our Chief Executive Officer received cash bonuses, and for fiscal
2012 all executive officers received cash bonuses. In determining the amount of
cash bonuses to award, the compensation committee and board of directors
primarily consider the Company’s results in comparison to business plan targets
for such measures as return on equity, earnings per share growth, net interest
margin, noninterest income, and noninterest expense, as well as accomplishment
of strategic objectives such as growth, entry to new markets, capitalization,
and other factors.
 
Additional information about the 2012 bonus compensation is incorporated herein
by reference from the Company's definitive proxy statement for its Annual
Meeting of Stockholders to be held in October 2012, a copy of which will be
filed not later than 120 days after the close of the fiscal year.