EXHIBIT 10.1
Named Executive Officer Salary and Bonus Arrangements for 2010
Base Salaries
The base salaries for 2010 for the executive officers (the "named executive officers") of Southern
Missouri Bancorp, Inc. (the "Company") who will be named in the compensation table that will appear in the
Company's upcoming 2010 annual meeting proxy statement are as follows:
Description of 2010 Bonus Arrangement
The Company has no formal, written incentive bonus plan for executive management; however, the
compensation committee does have written guidelines regarding bonus payments. The guidelines indicate that the
amount of bonus available for award to executive management should be predicated on the Company's
performance in meeting various goals, including return on equity, growth in earnings per share, efficiency and
control of non-interest expense, and diversification of revenues. Officers outside of executive management
(including market area presidents) generally participate in a bonus program that conditions awards upon reaching
employee and branch goals regarding loan and deposit growth, and overall company profitability.
Additional information about the 2010 bonus compensation is incorporated herein by reference from the
Company's definitive proxy statement for its Annual Meeting of Stockholders to be held in October 2010, except
for information contained under the heading "Report of the Audit Committee," a copy of which will be filed not
later than 120 days after the close of the fiscal year.
Name and Title
Base Salary
Greg A. Steffens
President, Chief Executive Officer, and Chief Financial Officer, Southern
Missouri Bancorp., Inc.; President and Chief Executive Officer, Southern
Bank
$217,000