## EXHIBIT 13

### 2000 Annual Report to Stockholders

### TABLE OF CONTENTS

|                                                                                                             | Page 
|------------------------------------------------------------------------------------------------------------ | -----
|Letter to Stockholders                                                                                       | 1    
|Business of the Company and the Bank                                                                         | 2    
|Common Stock                                                                                                 | 2    
|Selected Consolidated Financial Condition,Operating and Other Data                                           | 3-4  
|Management's Discussion and Analysis of Financial Condition
             and Results of Operations           | 5-15 
|Independent Auditors' Report                                                                                 | 16   
|                                                                                                             |      
|                                                                                                             |      
|                                                                                                             |      
|                                                                                                            
|Consolidated Statements of Financial Condition as of June 30, 2000 and 1999                                  | 17   
|Consolidated Statements of Income for the years ended June 30, 2000, 
            1999 and 1998              | 18   
|Consolidated Statements of Stockholders' Equityfor the years ended June 30,
             2000, 1999 and 1998 | 19   
|Consolidated Statements of Cash Flows for the years ended June 30, 2000,
             1999 and 1998          | 20-21
|                                                                                                             |      
|                                                                                                             |      
|                                                                                                             |      
|Notes to Consolidated Financial Statements                                                                   | 22-42
|                                                                                                             |      
|                                                                                                             |      
|                                                                                                             |      
|Directors and Officers                                                                                       | 43   
|Corporate Information                                                                                        | 44   

---

|Thadis R. Seifert               | Greg A. Steffens               
|------------------------------- | -------------------------------
|Chairman and President          | Chief Financial Officer        
|Southern Missouri Bancorp, Inc. | Southern Missouri Bancorp, Inc.

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#### BUSINESS OF THE COMPANY AND THE BANK

#### COMMON STOCK

|Fiscal 2000    | High     | Low    | Dividend Paid
|-------------- | -------- | ------ | -------------
|First Quarter  | $14.25   | $12.00 | $.125        
|Second Quarter | 13.625   | 10.875 | .125         
|Third Quarter  | 13.125   | 10.875 | .125         
|Fourth Quarter | 13.125   | 10.594 | .125         
|               |          |        |              
|               |          |        |              
|               |          |        |              
|              
|Fiscal 1999    | High     | Low    | Dividend Paid
|First Quarter  | $ 21.875 | $15.75 | $.125        
|Second Quarter | 17.50    | 14.50  | .125         
|Third Quarter  | 15.25    | 11.875 | .125         
|Fourth Quarter | 14.625   | 13.00  | .125         

---

#### SELECTED CONSOLIDATED FINANCIAL CONDITION,
OPERATING AND OTHER DATA

|                                                          | At June 30,   
|--------------------------------------------------------- | --------------
|                                                          | (In thousands)
|FINANCIAL CONDITION DATA:                                 | 2000          
|Total assets                                              | $184,391      
|Loans receivable, net                                     | 138,425       
|Mortgage-backed securities                                | 12,956        
|Cash, interest-bearing deposits and investment securities | 26,425        
|Deposits                                                  | 123,920       
|Borrowings                                                | 37,000        
|Stockholders' equity                                      | 21,457        

|                                                           | Year Ending June 30,
|---------------------------------------------------------- | --------------------
|                                                           | (In thousands)      
|OPERATING DATA:                                            | 2000                
|Interest income                                            | $12,290             
|Interest expense                                           | 6,919               
|Net interest income                                        | 5,371               
|Provision for loan losses                                  | 215                 
|Net interest income after
       provision for loan losses | 5,156               
|Noninterest income                                         | 568                 
|Noninterest expense                                        | 3,714               
|Income before income taxes                                 | 2,010               
|Income tax expense                                         | 690                 
|Net income                                                 | 1,320
=========     
|Basic earnings per common share                            | $   1.03            
|Diluted earnings per common
       share                   | 1.02                
|Dividends per share                                        | .50                 

---

|                     | At June 30,   
|-------------------- | --------------
|                     | (In thousands)
|OTHER DATA:          | 2000          
|Number of:          
|Real estate loans    | 2,811         
|Deposit accounts     | 12,887        
|Full service offices | 8             
|                    

|KEY OPERATING RATIOS:                                                                                                                      | At or For the Year Ended June 30,
|------------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------
|                                                                                                                                           | (In thousands)                   
|                                                                                                                                           | 2000                             
|Return on assets (net income divided by
   average assets)                                                                                 | .77%                             
|Return on average equity (net income
   divided by average equity)                                                                         | 5.98                             
|Average equity to average assets                                                                                                           | 12.84                            
|Interest rate spread (spread between
   weighted average rate on all interest-
   earning assets and all interest-
   bearing liabilities) | 2.69                             
|Net interest margin (net interest
   income as a percentage of average
   interest-earning assets)                                         | 3.22                             
|Noninterest expense to average
   assets                                                                                                   | 2.16                             
|Average interest-earning assets to
   interest-bearing liabilities                                                                         | 112.78                           
|Allowance for loan losses to total
   loans at end of period                                                                               | .91                              
|Allowance for loan losses to
   nonperforming loans                                                                                        | 237.79                           
|Net charge offs to average out-
   standing loans during the period                                                                        | .10                              
|Ratio of nonperforming assets
   to total assets                                                                                           | .59                              
|Dividend payout ratio                                                                                                                      | 48.53                            

---

#### MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

#### FORWARD-LOOKING STATEMENTS

#### FINANCIAL CONDITION

---

#### RESULTS OF OPERATIONS

#### COMPARISON OF THE YEARS ENDED JUNE 30, 2000 AND 1999

---

---

#### COMPARISON OF THE YEARS ENDED JUNE 30, 1999 AND 1998

---

#### ASSET/LIABILITY MANAGEMENT

---

#### AVERAGE BALANCE, INTEREST AND AVERAGE YIELDS AND RATES

---

|                                                                                                             | Year Ended June 30,   
|------------------------------------------------------------------------------------------------------------ | ----------------------
|                                                                                                             | 2000                  
|                                                                                                             | AverageBalance        
|                                                                                                             | (Dollars in thousands)
|Interest-earning assets:                                                                                    
|Mortgage loans (1)                                                                                           | $ 114,109             
|Other loans (1)                                                                                              | 12,139                
|Total net loans                                                                                              | 126,248               
|Mortgage-backed securities                                                                                   | 14,180                
|Investment securities (2)                                                                                    | 23,546                
|Other interest-earning assets                                                                                | 2,869                 
|Total interest-earning
      assets (1)                                                                      | 166,843               
|Other noninterest-earning assets                                                                             | 5,158                 
|Total assets                                                                                                 | $ 172,001=======      
|Interest-bearing liabilities:                                                                               
|Passbook accounts                                                                                            | $     6,920           
|NOW accounts                                                                                                 | 12,266                
|Money market accounts                                                                                        | 15,703                
|Certificates of deposit                                                                                      | 86,346                
|Total deposits                                                                                               | 121,235               
|FHLB advances                                                                                                | 26,705                
|Total interest-bearing liabilities                                                                           | 147,940               
|Other liabilities                                                                                            | 1,973                 
|Total liabilities                                                                                            | 149,913               
|Stockholders' equity                                                                                         | 22,088                
|Total liabilities and                                                                                       
|stockholders' equity                                                                                         | $ 172,001=======      
|Net interest income                                                                                          | -                     
|Interest rate spread (3)                                                                                     | -                     
|Net interest margin (4)                                                                                      | -                     
|Ratio of average
       interest-earning
       assets to average
       interest-bearing
       liabilities | 112.78%               

---

---

#### YIELDS EARNED AND RATES PAID

|                                                                                                                                    |          | At                 
|----------------------------------------------------------------------------------------------------------------------------------- | -------- | -------------------
|                                                                                                                                    | June 30, | Year Ended June 30,
|                                                                                                                                    | 2000     | 2000               
|Weighted-average yield on loan portfolio                                                                                            | 7.97%    | 7.84%              
|Weighted-average yield on mortgage-backed securities                                                                                | 6.23     | 6.11               
|Weighted-average yield on investment securities (1)                                                                                 | 6.57     | 6.18               
|Weighted-average yield on other  interest-earning assets                                                                            | 5.55     | 2.61               
|Weighted-average yield on all  interest-earning assets                                                                              | 7.63     | 7.37               
|Weighted-average rate paid on deposits                                                                                              | 4.79     | 4.47               
|Weighted-average rate paid on FHLB  advances                                                                                        | 6.09     | 5.60               
|Weighted-average rate paid on all interest-bearing liabilities                                                                      | 5.09     | 4.68               
|Interest rate spread (spread between weighted average rate 
   on all interest-earning assets and all interest-bearing liabilities) | 2.54     | 2.69               
|Net interest margin (net interest income as a percentage 
   of average interest-earning assets)                                    | N/A      | 3.22               

---

#### RATE/VOLUME ANALYSIS

|                                                                   | Years Ended June 30,
2000 Compared to 1999
Increase (Decrease)
Due to | Years Ended June 30,
1999 Compared to 1998
Increase (Decrease)
Due to
|------------------------------------------------------------------ | --------------------------------------------------------------------- | ---------------------------------------------------------------------
|                                                                   | Rate                                                                  | Rate/Volume                                                          
|                                                                   | (Dollars in Thousands)                                               
|Interest-earning assets:                                           |                                                                       |                                                                      
|Loans receivable (1)                                               | $(140)                                                                | $  759                                                               
|Mortgage-backed securities                                         | 70                                                                    | (164)                                                                
|Investment securities                                              | 65                                                                    | 396                                                                  
|Other interest-earning deposits                                    | (54)                                                                  | (84)                                                                 
|Total net change in income
       on interest-earning assets       | (59)                                                                  | 907                                                                  
|Interest-bearing liabilities:                                      |                                                                       |                                                                      
|Deposits                                                           | 9                                                                     | 142                                                                  
|FHLB advances                                                      | 136                                                                   | 330                                                                  
|Total net change in expense 
      on interest-bearing liabilities | 145                                                                   | 472                                                                  
|Net change in net interest income                                  | $(204)=======                                                         | $ 435 =======                                                        

---

#### INTEREST RATE SENSITIVITY ANALYSIS

|                       | Net Portfolio | NPV as % of PV of Assets
|---------------------- | ------------- | ------------------------
|Changein Rates         | $ Amount      | $ Change                
|(Dollars in thousands)
|+400 bp                | $  7,283      | $(12,502)               
|+300 bp                | 10,945        | (8,840)                 
|+200 bp                | 13,945        | (5,840)                 
|+100 bp                | 16,661        | (3,124)                 
|0 bp                   | 19,785        | -                       
|-100 bp                | 21,295        | 1,510                   
|-200 bp                | 21,801        | 2,016                   
|-300 bp                | 22,089        | 2,303                   
|-400 bp                | 22,271        | 2,486                   

---

#### LIQUIDITY AND CAPITAL RESOURCES

#### REGULATORY CAPITAL

#### IMPACT OF INFLATION

#### IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS

---

---

|ASSETS                                                                                                                                    | 2000                    | 1999                  
|----------------------------------------------------------------------------------------------------------------------------------------- | ----------------------- | ----------------------
|Cash and cash equivalents                                                                                                                 | $   4,470,373           | 4,068,674             
|Investment and mortgage-backed  securities: (Note 2)                                                                                     
|Available for sale - at estimated market
  value (amortized cost $35,910,780 and
  $38,276,905 at June 30, 2000 and 1999,
  respectively) | 34,910,850              | 37,878,685            
|Stock in Federal Home Loan Bank of Des Moines                                                                                             | 1,850,000               | 1,091,000             
|Loans receivable, net (Note 3)                                                                                                            | 138,424,750             | 118,248,638           
|Accrued interest receivable (Note 4)                                                                                                      | 1,151,557               | 1,033,076             
|Foreclosed real estate, net (Note 5)                                                                                                      | 463,591                 | 477,537               
|Premises and equipment (Note 6)                                                                                                           | 2,549,357               | 1,878,719             
|Prepaid expenses and other assets                                                                                                         | 570,690                 | 296,014               
|Total assets                                                                                                                              | $ 184,391,168========== | 164,972,343========== 
|                                                                                                                                         
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                     
|Deposits (Note 7)                                                                                                                         | $ 123,920,293           | 120,154,540           
|Advances from borrowers for taxes and insurance                                                                                           | 334,841                 | 317,954               
|Advances from FHLB of Des Moines (Note 8)                                                                                                 | 37,000,000              | 20,550,000            
|Accounts payable and other liabilities                                                                                                    | 723,061                 | 591,528               
|Accrued interest payable                                                                                                                  | 956,386                 | 728,859               
|Total liabilities                                                                                                                         | 162,934,581             | 142,342,881           
|Commitments and contingencies (Note 13)                                                                                                   | -                       | -                     
|                                                                                                                                          |                         |                       
|Preferred stock, $.01 par value; 500,000 shares authorized; 
      none issued and outstanding                                            | -                       | -                     
|Common stock, $.01 par value; 3,000,000 shares
       authorized; 1,803,201 shares issued                                                 | 18,032                  | 18,032                
|Additional paid-in capital                                                                                                                | 17,517,834              | 17,545,544            
|Retained earnings-substantially restricted                                                                                                | 14,438,957              | 13,759,488            
|Treasury stock of 549,352 shares in 2000 and
       424,991 shares in 1999, at cost                                                       | (9,451,693)             | (7,911,655)           
|Unearned employee benefits                                                                                                                | (436,587)               | (531,068)             
|Accumulated other comprehensive income                                                                                                    | (629,956)               | (250,879)             
|Total stockholders' equity                                                                                                                | 21,456,587              | 22,629,462            
|                                                                                                                                          |                         |                       
|Total liabilities and stockholders' equity                                                                                                | $ 184,391,168========== | 164,972,343 ==========

---

|                                            | 2000                    | 1999                 | 1998                
|------------------------------------------- | ----------------------- | -------------------- | --------------------
|Interest income:                           
|Loans receivable                            | $  9,893,254            | 9,285,757            | 9,175,090           
|Investment securities                       | 1,455,486               | 967,142              | 946,447             
|Mortgage-backed securities                  | 866,792                 | 972,770              | 1,172,281           
|Other interest-earning assets               | 74,631                  | 188,834              | 150,030             
|Total interest income                       | 12,290,163              | 11,414,503           | 11,443,848          
|                                           
|Interest expense:                          
|Deposits (Note 7)                           | 5,422,703               | 5,263,225            | 5,150,691           
|Advances from FHLB                          | 1,496,250               | 984,168              | 1,060,788           
|Total interest expense                      | 6,918,953               | 6,247,393            | 6,211,479           
|Net interest income                         | 5,371,210               | 5,167,110            | 5,232,369           
|                                           
|Provision for loan losses (Note 3)          | 215,000                 | 235,000              | 783,009             
|Net interest income after                  
|provision for loan losses                   | 5,156,210               | 4,932,110            | 4,449,360           
|                                           
|Noninterest income:                        
|Gain (loss) on sale of investment          
|securities, available for sale              | 14,500                  | (625)                | 9,205               
|Gain (loss) on sale of mortgage-backed     
|securities, available for sale              | (35,705)                | (27,942)             | 69,956              
|Gain on sale of mortgage-backed securities,
|held to maturity                            | -                       | -                    | 242                 
|Insurance commissions                       | 31,780                  | 323,603              | 302,246             
|Banking service charges                     | 390,949                 | 284,058              | 198,981             
|Loan late charges                           | 72,726                  | 82,574               | 68,845              
|Gain on sale of insurance agency            | -                       | 526,413              | -                   
|Other                                       | 93,665                  | 67,070               | 147,828             
|Total noninterest income                    | 567,915                 | 1,255,151            | 797,303             
|                                           
|Noninterest expense:                       
|General and administrative:                
|Compensation and benefits                   | 2,205,770               | 2,237,166            | 2,457,458           
|Occupancy and equipment                     | 570,283                 | 496,929              | 401,141             
|SAIF deposit insurance premium              | 47,842                  | 85,265               | 109,980             
|Provisions (credit) for losses on          
|foreclosed real estate (Note 5)             | -                       | -                    | (51,550)            
|Professional fees                           | 175,920                 | 136,304              | 191,583             
|Advertising                                 | 97,887                  | 133,925              | 116,349             
|Postage and office supplies                 | 165,350                 | 142,608              | 133,666             
|Other                                       | 450,904                 | 450,300              | 301,573             
|Total noninterest expense                   | 3,713,956               | 3,682,497            | 3,660,200           
|                                           
|Income before income taxes                  | 2,010,169               | 2,504,764            | 1,586,463           
|                                           
|Income taxes (Note 10)                     
|Current                                     | 775,300                 | 580,300              | 588,000             
|Deferred                                    | (85,300)                | 279,700              | (66,000)            
|                                            | 690,000                 | 860,000              | 522,000             
|                                           
|Net income                                  | $  1,320,169 ========== | 1,644,764 ========== | 1,064,463 ==========
|                                           
|Basic earnings per common share             | $1.03                   | 1.23                 | .69                 
|Diluted earnings per common share           | $1.02                   | 1.20                 | .67                 

---

|                                                                                               | Common
Stock     | Additional
Paid-inCapital | Retained
Earnings  | Treasury
Stock      | Unearned
EmployeeBenefits | Accumulated
Other
Comprehensive
Income | Total
Stockholders'
Equity
|---------------------------------------------------------------------------------------------- | ---------------- | ------------------------- | ------------------ | ------------------- | ------------------------- | -------------------------------------- | --------------------------
|Balance at June 30, 1997                                                                       | $ 18,032         | 17,579,778                | 12,476,753         | (2,680,183)         | (993,528)                 | (609)                                  | 26,400,243                
|                                                                                               |                  |                           |                    |                     |                           |                                        |                           
|Net income                                                                                     |                  |                           | 1,064,463          |                     |                           |                                        | 1,064,463                 
|Change in unrealized
            gain (loss) on available 
           for sale securities      |                  |                           |                    |                     |                           | (30,770)                               | (30,770)                  
|Minimum pension liability
           adjustment                                                |                  |                           |                    |                     |                           | 3,575                                  | 3,575                     
|Total comprehensive income                                                                     |                  |                           |                    |                     |                           |                                        | 1,037,268                 
|                                                                                               |                  |                           |                    |                     |                           |                                        |                           
|Purchase of treasury stock                                                                     |                  |                           |                    | (3,314,645)         |                           |                                        | (3,314,645)               
|Dividends paid ($.50 per share)                                                                |                  |                           | (769,485)          |                     |                           |                                        | (769,485)                 
|Release of ESOP awards                                                                         |                  | 195,480                   |                    |                     | 204,046                   |                                        | 399,526                   
|MRP expense, net                                                                               |                  | 52,000                    |                    |                     | 123,658                   |                                        | 175,658                   
|Exercise of stock options                                                                      |                  | (198,500)                 |                    | 381,820             |                           |                                        | 183,320                   
|Balance at June 30, 1998                                                                       | 18,032           | 17,628,758                | 12,771,731         | (5,613,008)         | (665,824)                 | (27,804)                               | 24,111,885                
|                                                                                               |                  |                           |                    |                     |                           |                                        |                           
|Net income                                                                                     |                  |                           | 1,644,764          |                     |                           |                                        | 1,644,764                 
|Change in unrealized 
           gain (loss) on available           for sale securities        |                  |                           |                    |                     |                           | (355,788)                              | (355,788)                 
|Cumulative effect of
          change in accounting principle, 
          net of tax  (Note 1) |                  |                           |                    |                     |                           | 132,713                                | 132,713                   
|Total comprehensive income                                                                     |                  |                           |                    |                     |                           |                                        | 1,421,689                 
|                                                                                               |                  |                           |                    |                     |                           |                                        |                           
|Purchase of treasury stock                                                                     |                  |                           |                    | (2,803,903)         |                           |                                        | (2,803,903)               
|Dividends paid ($.50 per share)                                                                |                  |                           | (657,007)          |                     |                           |                                        | (657,007)                 
|Release of ESOP awards                                                                         |                  | 52,250                    |                    |                     | 83,261                    |                                        | 135,511                   
|MRP expense, net                                                                               |                  | 16,800                    |                    |                     | 66,309                    |                                        | 83,109                    
|MRP shares awarded                                                                             |                  | 14,814                    |                    |                     | (14,814)                  |                                        | -                         
|Exercise of stock options                                                                      |                  | (167,078)                 |                    | 505,256             |                           |                                        | 338,178                   
|Balance at June 30, 1999                                                                       | 18,032           | 17,545,544                | 13,759,488         | 7,911,655)          | (531,068)                 | (250,879)                              | 22,629,462                
|                                                                                               |                  |                           |                    |                     |                           |                                        |                           
|Net income                                                                                     |                  |                           | 1,320,169          |                     |                           |                                        | 1,320,169                 
|                                                                                               |                  |                           |                    |                     |                           |                                        |                           
|Change in unrealized
           gain (loss) on available           for  sale securities        |                  |                           |                    |                     |                           | (379,077)                              | (379,077)                 
|Total comprehensive income                                                                     |                  |                           |                    |                     |                           |                                        | 941,092                   
|Purchase of treasury stock                                                                     |                  |                           |                    |                     | (1,762,530)               |                                        | (1,762,530)               
|Dividends paid ($.50 per share)                                                                |                  |                           |                    | (640,700)           |                           |                                        | (640,700)                 
|Release of ESOP awards                                                                         |                  |                           | 23,023             |                     |                           | 84,021                                 | 107,044                   
|MRP expense, net                                                                               |                  |                           |                    |                     |                           | 20,210                                 | 20,210                    
|MRP shares awarded                                                                             |                  |                           | 9,750              |                     |                           | (9,750)                                | -                         
|Exercise of stock options                                                                      |                  | (60,483)                  |                    | 222,492             |                           |                                        | 162,009                   
|Balance at June 30, 2000                                                                       | $ 18,032======== | 17,517,834 ========       | 14,438,957======== | (9,451,693)======== | (436,587)========         | (629,956)========                      | 21,456,587 ========       

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|                                                                                       | 2000           | 1999         | 1998        
|-------------------------------------------------------------------------------------- | -------------- | ------------ | ------------
|Cash flows from operating activities:                                                 
|Net income                                                                             | $   1,320,169  | 1,644,764    | 1,064,463   
|Items not requiring (providing) cash:                                                 
|Depreciation and amortization                                                          | 263,726        | 265,769      | 217,895     
|MRP expense and ESOP expense                                                           | 127,254        | 201,820      | 523,187     
|(Gain) loss on sale of investment securities,
           available for sale            | (14,500)       | 625          | (9,205)     
|(Gain) loss on sale of mortgage-backed securities,       
          available for sale | 35,705         | 27,942       | (69,956)    
|(Gain) on sale of mortgage-backed securities,
                 held to maturity        | -              | -            | (242)       
|Provision for loan losses                                                              | 215,000        | 235,000      | 783,009     
|(Gain) on sale of insurance agency                                                     | -              | (526,413)    | -           
|Provisions (credit) for losses on foreclosed real estate                               | -              | -            | (51,550)    
|Net amortization of deferred income, premiums, 
                and discounts          | 87,489         | 117,757      | 131,371     
|Changes in:                                                                           
|Accrued interest receivable                                                            | (118,481)      | (125,298)    | 172,189     
|Prepaid expenses and other assets                                                      | (82,027)       | 189,333      | (17,494)    
|Accounts payable and other liabilities                                                 | 131,533        | 132,409      | (123,706)   
|Accrued interest payable                                                               | 227,527        | 147,269      | (266,845)   
|Net cash provided by operating activities                                              | 2,193,395      | 2,310,977    | 2,353,116   
|                                                                                      
|Cash flows from investing activities:                                                 
|Net (increase) decrease in loans                                                       | (20,522,582)   | 874,888      | (12,170,696)
|Proceeds from sales of investment securities, 
          available for sale            | 1,034,500      | 999,375      | 2,584,919   
|Proceeds from maturing investment securities, 
          available for sale            | 415,000        | 5,440,000    | 6,660,000   
|Proceeds from maturing investment securities, 
          held to maturity              | -              | 875,000      | 25,000      
|Purchase of investment securities, 
          available for sale                       | (2,759,750)    | (14,581,010) | (4,993,594) 
|Proceeds from sales of mortgage-backed 
          securities, held to maturity         | -              | -            | 50,434      
|Proceeds from sales of mortgage-backed 
          securities, available for sale       | 3,365,084      | 1,700,497    | 7,493,339   
|Proceeds from maturing mortgage-backed 
          securities, available for sale       | 2,202,514      | 5,659,654    | 5,396,806   
|Proceeds from maturing mortgage-backed 
          securities, held to maturity         | -              | -            | 80,159      
|Purchase of mortgage-backed
           securities, available for sale                  | (1,976,250)    | (10,330,331) | (1,107,089) 
|Proceeds from sales of certificates of deposit                                         | -              | -            | 93,825      
|Proceeds from reduction of FHLB stock                                                  | -              | -            | 466,200     
|Purchase of FHLB stock                                                                 | (759,000)      | (37,500)     | -           
|Purchase of premises and equipment                                                     | (934,364)      | (282,257)    | (390,511)   
|Proceeds from sale of repossessed assets                                               | 178,122        | 39,477       | 32,468      
|                                                                                      
|Net cash (used in) provided by  investing activities                                   | $ (19,756,726) | (9,642,207)  | 4,221,260   

---

|                                                                                     | 2000                | 1999             | 1998            
|------------------------------------------------------------------------------------ | ------------------- | ---------------- | ----------------
|Cash flows from financing activities:                                               
|Net increase in demand
     deposits and savings accounts                            | $  1,894,048        | 6,331,517        | 771,880         
|Net increase (decrease) in
     certificates of deposit                              | 1,871,705           | 4,412,587        | (10,066,045)    
|Net increase (decrease) in advances from
     borrowers for taxes and insurance      | 16,887              | 2,831            | (6,486)         
|Net increase (decrease) in advances from 
     FHLB of Des Moines                    | 16,450,000          | (518,905)        | 7,533,584       
|Dividends on common stock                                                            | (640,700)           | (657,007)        | (769,485)       
|Exercise of stock options                                                            | 135,620             | 306,310          | 178,120         
|Payments to acquire treasury stock                                                   | (1,762,530)         | (2,803,903)      | (3,314,645)     
|Net cash provided by (used in)
               financing activities                   | 17,965,030          | 7,073,430        | (5,673,077)     
|                                                                                    
|Increase (decrease) in cash and cash equivalents                                     | 401,699             | (257,800)        | 901,299         
|                                                                                    
|Cash and cash equivalents at beginning of period                                     | 4,068,674           | 4,326,474        | 3,425,175       
|                                                                                    
|Cash and cash equivalents at end of period                                           | $  4,470,373======= | 4,068,674======= | 4,326,474=======
|                                                                                    
|Supplemental disclosures of cash flow information:                                  
|                                                                                    
|Noncash investing and financing activities                                          
|Conversion of loans to foreclosed real estate                                        | $    424,507        | 395,375          | 116,371         
|                                                                                    
|Conversion of foreclosed  real estate to loans                                       | $    175,000        | 134,000          | 6,950           
|                                                                                    
|Transfer of investment securities from held to 
      maturity to available for sale | $               -   | 3,766,292        | -               
|                                                                                    
|Cash paid during the period for                                                     
|Interest (net of interest credited)                                                  | $  2,677,920        | 1,577,100        | 2,062,670       
|                                                                                    
|Income taxes                                                                         | $    706,051        | 468,514          | 583,928         

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

|                                                 | June 30, 2000         
|------------------------------------------------ | ----------------------
|                                                 | Amortized Cost        
|Investment securities:                          
|U.S. government and federal agency obligations   | $ 18,339,118          
|Obligations of states and political subdivisions | 4,146,903             
|Total investment securities                      | 22,486,021            
|                                                
|Mortgage-backed securities:                     
|GNMA certificates                                | 1,977,258             
|FNMA certificates                                | 603,330               
|Collateralized mortgage 
        obligations     | 10,844,171            
|Total mortgage-backed securities                 | 13,424,759            
|                                                
|Total                                            | $ 35,910,780==========
|                                                
|                                                
|                                                 | June 30, 1999         
|                                                 | Amortized Cost        
|Investment securities:                          
|U.S. government and federal agency obligations   | $ 15,579,972          
|Obligations of states and political subdivisions | 5,591,415             
|Total investment securities                      | 21,171,387            
|                                                
|Mortgage-backed securities:                     
|GNMA certificates                                | 4,971,128             
|FNMA certificates                                | 2,124,168             
|FHLMC certificates                               | 240,000               
|Collateralized mortgage obligations              | 9,770,222             
|Total mortgage-backed securities                 | 17,105,518            
|                                                
|Total                                            | $ 38,276,905==========

|                                | June 30, 2000        
|------------------------------- | ---------------------
|                                | Available for Sale   
|                                | Amortized Cost       
|Due in one year or less         | $     345,313        
|Due after one year thru 5 years | 21,200,276           
|Due after 5 years thru 10 years | 940,432              
|Total investment securities     | 22,486,021           
|Mortgage-backed securities      | 13,424,759           
|                               
|Total                           | $35,910,780==========

---

|                           | June 30,    
|-------------------------- | ------------
|                           | 2000        
|Proceeds from sales:      
|Investment securities      | $ 1,034,500 
|Mortgage-backed securities | 3,365,084   
|                          
|Gross realized gains:     
|Investment securities      | 14,500      
|Mortgage-backed securities | -           
|                          
|Gross realized losses:    
|Investment securities      | -           
|Mortgage-backed securities | $   (35,705)

|                                            | June 30,                  
|------------------------------------------- | --------------------------
|                                            | 2000                      
|Real estate loans:                         
|Conventional                                | $  94,747,953             
|Construction                                | 5,703,982                 
|Commercial                                  | 23,303,047                
|Loans secured by
       deposit accounts    | 824,899                   
|Consumer loans                              | 8,829,338                 
|Commercial                                  | 7,349,605                 
|                                            | 140,758,824               
|Loans in process                            | (1,021,289)               
|Deferred loan fees, net                     | (31,673)                  
|Deferred gain on sale
       of real estate | (4,159)                   
|Allowance for loan
       losses            | (1,276,953)               
|                                            | $ 138,424,750 ============

---

|                                           | June 30,                
|------------------------------------------ | ------------------------
|Balance, beginning of period               | $1,191,147              
|Loans charged-off                          | (240,036)               
|Recoveries of loans previously charged off | 110,842                 
|Net charge-offs                            | (129,194)               
|                                          
|Provision charged to expense               | 215,000                 
|Balance, end of period                     | $ 1,276,953 ============

|Balance, June 30, 1998 | $  458,436            
|---------------------- | ----------------------
|Additions              | 25,737                
|Repayments             | (49,603)              
|Balance, June 30, 1999 | 434,570               
|Additions              | 604,294               
|Repayments             | (234,986)             
|Balance, June 30, 2000 | $  803,878============

---

|                           | June 30,             
|-------------------------- | ---------------------
|                           | 2000                 
|                          
|Investment securities      | $    408,314         
|Mortgage-backed securities | 72,279               
|Loans receivable           | 670,964              
|                           | $  1,151,557=========

|                       | June 30,            
|---------------------- | --------------------
|                       | 2000                
|Foreclosed real estate | $    463,591        
|Allowance for losses   | -                   
|                       | $    463,591========

|                                                         | June 30,                 
|-------------------------------------------------------- | -------------------------
|                                                         | 2000                     
|Balance, beginning of period                             | $               0        
|Charge-offs and recoveries, net                          | 0                        
|Provisions (credit) for losses on foreclosed real estate | 0                        
|Balance, end of period                                   | $               0========

|                                   | June 30,             
|---------------------------------- | ---------------------
|                                   | 2000                 
|Land                               | $    650,941         
|Buildings and improvements         | 2,418,814            
|Furniture, fixtures, and equipment | 1,630,995            
|Automobiles                        | 51,696               
|                                   | 4,752,446            
|Less accumulated depreciation      | (2,203,089)          
|                                   | $  2,549,357 ========

---

|                                                       | June 30,             
|------------------------------------------------------ | ---------------------
|                                                       | 2000                 
|                                                      
|Non-interest bearing accounts                          | $   2,049,111        
|NOW accounts                                           | 11,408,738           
|Money market deposit accounts                          | 13,572,245           
|Savings accounts                                       | 6,864,899            
|Total transaction accounts                             | 33,894,993           
|                                                      
|Certificates:                                         
|4.00 - 4.99%                                           | 28,950,737           
|5.00 - 5.99%                                           | 37,008,198           
|6.00 - 6.99%                                           | 23,947,540           
|7.00 - 7.99%                                           | 52,666               
|8.00 - 8.99%                                           | 66,159               
|Total certificates, 5.47%
     and 4.94%, respectively | 90,025,300           
|                                                       |                      
|Total deposits                                         | $ 123,920,293========
|                                                       |                      
|Weighted-average rates - deposits                      | 4.79% ========       

|July 1, 2000 to June 30, 2001 | $ 82,888,643         
|----------------------------- | ---------------------
|July 1, 2001 to June 30, 2002 | 4,074,382            
|July 1, 2002 to June 30, 2003 | 1,943,932            
|July 1, 2003 to June 30, 2004 | 966,090              
|July 1, 2004 to June 30, 2005 | 152,253              
|                             
|                              | $ 90,025,300=========

---

|                              | Year Ended June 30,  
|----------------------------- | ---------------------
|                              | 2000                 
|                             
|NOW accounts                  | $    239,815         
|Money market deposit accounts | 606,109              
|Savings accounts              | 174,494              
|Certificates of deposit       | 4,402,285            
|                             
|                              | $  5,422,703=========

|Maturity              | Call Date orQuarterlyThereafter | InterestRate  | 2000                  | 1999              
|--------------------- | ------------------------------- | ------------- | --------------------- | ------------------
|07-06-00              | -                               | 6.60          | $  7,000,000          | -                 
|01-10-01              | 07-10-00                        | 6.67          | 9,000,000             | -                 
|02-15-01              | 07-17-00                        | 6.64          | 3,000,000             | -                 
|02-06-08              | 02-06-01                        | 5.17          | 3,000,000             | 3,000,000         
|10-26-09              | 10-25-00                        | 5.50          | 10,000,000            | -                 
|01-20-10              | 01-22-01                        | 5.77          | 5,000,000             | -                 
|01-22-08              | 07-22-99                        | 4.79          | -                     | 16,800,000        
|07-02-99              | -                               | 4.99          | -                     | 750,000           
|                      |                                 |               | $ 37,000,000
======== | 20,550,000========
|                     
|Weighted average rate |                                 | 6.09%======== | 4.85%========        

|July 1, 2000 to June 30, 2001 | $ 19,000,000
|----------------------------- | ------------
|July 1, 2001 to June 30, 2002 | -           
|July 1, 2002 to June 30, 2003 | -           
|July 1, 2003 to June 30, 2004 | -           
|July 1, 2004 to June 30, 2005 | -           
|Thereafter                    | 18,000,000  

---

|Allocated shares  | 66,976       
|----------------- | -------------
|Unreleased shares | 34,283       
|Total ESOP shares | 101,259======

---

|                         | Number ofShares | WeightedAverageExercisePrice
|------------------------ | --------------- | ----------------------------
|Balance at June 30, 1997 | 111,137         | $ 10.00                     
|Granted                  | 25,000          | 17.33                       
|Exercised                | (17,812)        | 10.00                       
|Balance at June 30, 1998 | 118,325         | 12.08                       
|Granted                  | 15,000          | 13.50                       
|Exercised                | (30,631)        | 10.00                       
|Balance at June 30, 1999 | 102,694         | 12.29                       
|Granted                  | 31,491          | 13.48                       
|Exercised                | (13,562)        | 10.00                       
|                        
|Balance at June 30, 2000 | 120,623======   | 12.86                       

|                               | 2000      | 1999      | 1998     
|------------------------------ | --------- | --------- | ---------
|Fair value at grant date       | $  93,000 | $  57,000 | $ 167,900
|                               |           |           |          
|Assumptions:                   |           |           |          
|Expected dividend yield        | 5.00%     | 5.00%     | 5.00%    
|Expected volatility            | 22.00%    | 19.00%    | 38.00%   
|Risk-free interest rate        | 6.20%     | 5.64%     | 5.67%    
|Weighted-average expected life | 5 years   | 5 years   | 5 years  

---

|Full Years of Service | Non-Employee Director's
|--------------------- | -----------------------
|on the Board          | Vested Percentage      
|Less than 5           | 0%                     
|5 to 9                | 50%                    
|10 to 14              | 75%                    
|15 or more            | 100%                   

|                                                      | 2000          | 1999         | 1998        
|----------------------------------------------------- | ------------- | ------------ | ------------
|Service cost - benefits earned during the year        | $  4,062      | 1,836        | 1,319       
|Interest cost on benefit obligation                   | 11,998        | 11,401       | 2,625       
|Amortization of prior service cost and net obligation | 0             | 0            | 33,218      
|Amortization of unrecognized gains                    | (1,148)       | (1,178)      | -           
|Net pension cost                                      | $14,912====== | 12,059====== | 37,162======

|                                                          | 2000             | 1999           
|--------------------------------------------------------- | ---------------- | ---------------
|Vested accumulated benefits                               | $160,932         | 162,054        
|Non-vested accumulated benefits                           | 8,648            | 5,283          
|Total accumulated benefits                                | 169,580          | 167,337        
|Effect of projected future fee increases                  | -                | -              
|Projected benefit obligation for service rendered to date | 169,580          | 167,337        
|Unrecognized net gain                                     | 21,671           | 24,002         
|Accrued pension cost included
       in other liabilities | $191,251======== | 191,339========

|                           | 2000                         | 1999                     
|-------------------------- | ---------------------------- | -------------------------
|                           | Projected
Benefit
Obligation | Plan Assets
at
Fair Value
|Balance, beginning of year | $ 167,337                    | -                        
|Service cost               | 4,062                        | -                        
|Interest cost              | 11,998                       | -                        
|Actual return              | -                            | -                        
|Actuarial gain             | 1,183                        | -                        
|Contributions              | -                            | 15,000                   
|Benefits paid              | (15,000)                     | (15,000)                 
|Balance, end of year       | $ 169,580======              | - ======                 

---

|                                            | 2000 | 1999 | 1998
|------------------------------------------- | ---- | ---- | ----
|Weighted average assumptions as of June 30: |      |      |     
|Discount rate                               | 7%   | 7%   | 7%  
|Rate of directors fees increase             | 0%   | 0%   | 0%  

|                                                                                        | 2000            | 1999          
|--------------------------------------------------------------------------------------- | --------------- | --------------
|Deferred tax assets:                                                                    |                 |               
|Provision for losses on loans and foreclosed real estate                                | $408,664        | 356,139       
|Accrued compensation and benefits                                                       | 119,704         | 94,631        
|Base year tax bad debt reserve at 12/31/87
   in excess of current tax bad debt reserve | -               | 30,484        
|Unrealized loss on available for sale securities                                        | 369,974         | 147,342       
|Gross deferred tax assets                                                               | 898,342         | 628,596       
|Valuation allowance                                                                     | -               | 30,484)       
|Total deferred tax assets                                                               | 898,342         | 598,112       
|Deferred tax liabilities:                                                               |                 |               
|FHLB stock dividends                                                                    | 166,566         | 166,566       
|Purchase accounting adjustments                                                         | 51,327          | 55,327        
|Premises and equipment, tax vs book accumulated depreciation                            | 75,975          | 66,683        
|Installment sale                                                                        | 181,977         | 194,971       
|Total deferred tax liabilities                                                          | 475,845         | 483,547       
|Net deferred tax assets                                                                 | $422,497======= | 114,565=======

|          | Year Ended June 30,
|--------- | -------------------
|          | 2000               
|Current:  |                    
|Federal   | $661,700           
|State     | 113,600            
|          | 775,300            
|Deferred: |                    
|Federal   | (76,800)           
|State     | (8,500)            
|          | (85,300)           
|          | $690,000=======    

---

|                                              | Year Ended June 30,
|--------------------------------------------- | -------------------
|                                              | 2000               
|Tax at statutory Federal rate                 | $683,457           
|                                              |                    
|Increase (reduction) in taxes resulting from: |                    
|Nontaxable municipal income                   | (66,493)           
|State tax, net of Federal benefit             | 69,300             
|Nondeductible ESOP expenses                   | 7,827              
|Other, net                                    | (4,091)            
|Actual provision                              | $690,000=======    

|                                                             | Year Ended June 30,
|------------------------------------------------------------ | -------------------
|                                                             | 2000               
|                                                             |                    
|Accrued income and expense                                   | $  (25,073)        
|Purchase accounting adjustments                              | (4,000)            
|Provision for losses on loans and foreclosed real estate     | (52,525)           
|Premises and equipment, tax vs book accumulated depreciation | 9,292              
|Installment sale                                             | (12,994)           
|                                                             |                    
|                                                             | $  (85,300)======= 

|                                                                                                    | Year Ended June 30,
|--------------------------------------------------------------------------------------------------- | -------------------
|                                                                                                    | 2000               
|Unrealized gains (losses) on available for sale securities:                                         |                    
|Unrealized holding gains (losses) arising during period                                             | $ (612,555)        
|Less:  reclassification adjustments for (gains) losses
   realized in net income                    | 21,205             
|Total unrealized gains (losses) on securities                                                       | (591,350)          
|Income tax expense (benefit)                                                                        | (212,273)          
|Net unrealized gains (losses) on securities                                                         | (379,077)          
|Minimum pension liability adjustment                                                                | -                  
|Cumulative effect of change in accounting principle, net of
   income taxes of $77,942 (See Note 1) | -                  
|Other comprehensive income (loss)                                                                   | $ (379,077)======= 

---

|                                         | Actual                 | For CapitalAdequacyPurposes (1) | To Be WellCapitalizedUnder PromptCorrectiveAction
Provisions (1)
|---------------------------------------- | ---------------------- | ------------------------------- | ----------------------------------------------------------------
|                                         | Amount                 | Ratio                           | Amount                                                          
|                                         | (Dollars in Thousands)
|As of June 30, 2000:                     |                        |                                 |                                                                 
|Total Capital (to Risk-Weighted Assets)  | $22,759                | 21.2%                           | $8,593                                                          
|Tier I Capital (to Risk-Weighted Assets) | 21,482                 | 20.0%                           | 4,296                                                           
|Tier I Capital (to  Average Assets)      | 21,482                 | 11.9%                           | 7,229                                                           
|As of June 30, 1999:                    
|Total Capital (to Risk-Weighted Assets)  | 21,908                 | 24.5%                           | 7,142                                                           
|Tier I Capital (to Risk-Weighted Assets) | 20,792                 | 23.3%                           | 3,541                                                           
|Tier I Capital (to  Average Assets)      | 20,792                 | 12.7%                           | 6,565                                                           



---

|                             | Contract or Notional Amount
|---------------------------- | ---------------------------
|                             | June 30,                   
|                             | 2000                       
|                             |                            
|Commitments to extend credit | $14,297,519                
|                             |                            
|Standby letters of credit    | $116,010                   

|                                                                                 | 2000                | 1999              | 1998             
|-------------------------------------------------------------------------------- | ------------------- | ----------------- | -----------------
|                                                                                 |                     |                   |                  
|Numerator - net income                                                           | $ 1,320,169======== | 1,644,764======== | 1,064,463========
|Denominators:                                                                    |                     |                   |                  
|Denominator for basic earnings per share -                                       |                     |                   |                  
|Weighted average shares outstanding                                              | 1,277,562           | 1,334,244         | 1,532,910        
|Common equivalent shares due to stock options under
       treasury stock method | 13,496              | 31,793            | 51,563           
|Denominator for diluted earnings per share                                       | 1,291,058========   | 1,366,037======== | 1,584,473========
|                                                                                 |                     |                   |                  
|Basic earnings per common share                                                  | $      1.03         | 1.23              | .69              
|Diluted earnings per common share                                                | $      1.02         | 1.20              | .67              

---

|                                                                           | 2000           | 1999       
|-------------------------------------------------------------------------- | -------------- | -----------
|                                                                           | CarryingAmount | FairValue  
|Non-trading instruments and nonderivatives:                                |                |            
|Cash and cash equivalents                                                  | $  4,470,373   | 4,470,373  
|Investment and mortgage-
            backed securities  available for sale | 34,910,850     | 34,910,850 
|Stock in FHLB of Des Moines                                                | 1,850,000      | 1,850,000  
|Loans receivable, net                                                      | 138,424,750    | 136,002,792
|Deposits                                                                   | 123,920,293    | 123,794,141
|Advances from FHLB of Des Moines                                           | $ 37,000,000   | 36,940,000 

---

|                                           | At June 30,        
|------------------------------------------ | -------------------
|Assets                                     | 2000               
|                                           |                    
|Cash                                       | $     167,503      
|Investment securities - available for sale | -                  
|ESOP note receivable                       | 362,060            
|Accrued interest receivable                | 16                 
|Other assets                               | 111,404            
|Equity in net assets of the Bank           | 20,852,378         
|Total assets                               | $21,493,361========
|                                           |                    
|Liabilities and Stockholders' Equity       |                    
|                                           |                    
|Accrued expenses and other liabilities     | $       36,774     
|Total liabilities                          | 36,774             
|                                           |                    
|Stockholders' equity                       | 21,456,587         
|                                           |                    
|Total liabilities and stockholders' equity | $21,493,361======= 

---

|                                                                             | Year Ended June 30, 
|---------------------------------------------------------------------------- | --------------------
|                                                                             | 2000                
|Interest income                                                              | $     90,226        
|Dividend from Bank                                                           | 800,000             
|Other income                                                                 | 22,376              
|                                                                             | 912,602             
|Operating expenses                                                           | 189,963             
|                                                                             |                     
|Income before income taxes and equity in
   undistributed income of the Bank | 722,639             
|                                                                             |                     
|Income taxes                                                                 | (34,037)            
|                                                                             |                     
|Income before equity in undistributed
   income of the Bank                  | 756,676             
|                                                                             |                     
|Equity in undistributed income of the Bank                                   | 563,493             
|                                                                             |                     
|Net income                                                                   | $  1,320,169========

---

|                                                                                                  | Year Ended June 30, 
|------------------------------------------------------------------------------------------------- | --------------------
|                                                                                                  | 2000                
|Cash flows from operating activities:                                                             |                     
|Net income                                                                                        | $  1,320,169        
|                                                                                                  |                     
|Adjustments to reconcile net income
   to net cash provided by operating
   activities:           |                     
|Equity in undistributed income
   of the Bank                                                     | (563,493)           
|Other adjustments, net                                                                            | 60,171              
|Net cash provided by
     operating activities                                                    | 816,847             
|                                                                                                  |                     
|Cash flows from investing activities:                                                             |                     
|Principal collected on loan to ESOP                                                               | 75,181              
|Proceeds from sales and maturities
         of investment securities, available
         for sale | 1,034,500           
|                                                                                                  |                     
|Net cash provided by
     investing activities                                                    | 1,109,681           
|                                                                                                  |                     
|Cash flows from financing activities:                                                             |                     
|Dividends on common stock                                                                         | (640,700)           
|Exercise of stock options                                                                         | 135,620             
|Payments to acquire treasury stock                                                                | (1,762,530)         
|                                                                                                  |                     
|Net cash used in
     financing activities                                                        | (2,267,610)         
|                                                                                                  |                     
|Net increase (decrease) in cash and
   cash equivalents                                           | (341,082)           
|Cash and cash equivalents at beginning of period                                                  | 508,585             
|                                                                                                  |                     
|Cash and cash equivalents at end of period                                                        | $    167,503========

---

|2000:                      | First
Quarter    | Second
Quarter | Third
Quarter | Fourth
Quarter
|-------------------------- | ---------------- | -------------- | ------------- | --------------
|Interest income            | $   2,923        | 2,955          | 3,133         | 3,279         
|Interest expense           | 1,570            | 1,621          | 1,785         | 1,943         
|                           |                  |                |               |               
|Net interest income        | 1,353            | 1,334          | 1,348         | 1,336         
|Provision for loan losses  | 20               | 15             | 15            | 165           
|Noninterest income         | 98               | 128            | 129           | 213           
|Noninterest expense        | 814              | 910            | 925           | 1,065         
|                           |                  |                |               |               
|Income before income taxes | 617              | 537            | 537           | 319           
|Income taxes               | 216              | 177            | 185           | 112           
|                           |                  |                |               |               
|Net income                 | $     401 ====== | 360======      | 352======     | 207======     
|                           |                  |                |               |               
|1999:                      | First
Quarter    | Second
Quarter | Third
Quarter | Fourth
Quarter
|Interest income            | $   2,827        | 2,837          | 2,783         | 2,967         
|Interest expense           | 1,542            | 1,591          | 1,533         | 1,581         
|                           |                  |                |               |               
|Net interest income        | 1,285            | 1,246          | 1,250         | 1,386         
|Provision for loan losses  | 10               | 15             | 10            | 200           
|Noninterest income         | 158              | 195            | 250           | 652           
|Noninterest expense        | 881              | 912            | 998           | 891           
|                           |                  |                |               |               
|Income before income taxes | 552              | 514            | 492           | 947           
|Income taxes               | 195              | 176            | 163           | 326           
|                           |                  |                |               |               
|Net income                 | $     357======  | 338======      | 329======     | 621======     

---

|SOUTHERN MISSOURI BANCORP, INC.         | SOUTHERN MISSOURI BANK AND TRUST       
|--------------------------------------- | ---------------------------------------
|                                        |                                        
|DIRECTORS:                              | DIRECTORS:                             
|                                        |                                        
|Thadis R. Seifert                       | Samuel H. Smith                        
|Chairman of the Board                   | Chairman of the Board                  
|President                               | Engineer and majority owner of         
|Retired former executive vice president | S.H. Smith and Company, Inc.           
|of Bank                                 |                                        
|                                        | James W. Tatum                         
|Leonard M. Ehlers                       | Vice-Chairman                          
|Vice-Chairman                           | Retired certified public accountant    
|Retired court reporter of the 36th      |                                        
|Judicial Circuit                        | Thadis R. Seifert                      
|                                        | Retired former executive vice president
|Donald R. Crandell                      | of Bank                                
|Retired former president and            |                                        
|chief executive officer of Bank         |                                        
|                                        | Ronnie D. Black                        
|Samuel H. Smith                         | Executive Director General Association 
|Engineer and majority owner of          | of General Baptists                    
|S.H. Smith and Company, Inc.            |                                        
|                                        | L. Douglas Bagby                       
|James W. Tatum                          | General Manager Municipal Utilities of 
|Retired certified public accountant     | City of Poplar Bluff                   
|                                        |                                        
|Ronnie D. Black                         | Sammy A. Schalk                        
|Executive Director General Association  | President of Gamblin Lumber Company    
|of General Baptist                      |                                        
|                                        | Greg A. Steffens                       
|L. Douglas Bagby                        | President                              
|General Manager Municipal Utilities of  | Chief Executive Officer                
|City of Poplar Bluff                    | Chief Financial Officer                
|                                        |                                        
|                                        |                                        
|EXECUTIVE OFFICERS:                     | EXECUTIVE OFFICERS:                    
|                                        |                                        
|Thadis R. Seifert                       | Greg A. Steffens                       
|President                               | President                              
|                                        | Chief Executive Officer                
|Greg A. Steffens                        | Chief Financial Officer                
|Chief Financial Officer                 |                                        
|                                        | James D. Duncan                        
|James W. Tatum                          | Executive Vice President               
|Vice President                          | Chairman Loan Department               

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|CORPORATE HEADQUARTERS          | TRANSFER AGENT                
|------------------------------- | ------------------------------
|                                |                               
|531 Vine Street                 | Registrar and Transfer Company
|Poplar Bluff, Missouri 63901    | 10 Commerce Drive             
|                                | Cranford, New Jersey 07016    
|                                |                               
|                                |                               
|INDEPENDENT AUDITORS            | COMMON STOCK                  
|                                |                               
|Kraft, Miles & Tatum, LLC       | Nasdaq Stock Market           
|Poplar Bluff, Missouri 63901    | Nasdaq Symbol: SMBC           
|                                |                               
|                                |                               
|SPECIAL COUNSEL                 |                               
|                                |                               
|Silver, Freedman & Taff, L.L.P. |                               
|Washington, D.C.                |                               

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