Good afternoon and welcome to the Southern Missouri Bancorp Quarterly Earnings Release Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Matt Funke, CFO. Please go ahead, sir.

Thank you, Laurie and good afternoon, everyone. This is Matt Funke, CFO with Southern Missouri Bancorp. The purpose of this call is to review the information and data we presented in our quarterly earnings release dated Monday, October 24, 2016, and to take your questions. We may make certain forward-looking statements during today's call and we refer you to our cautionary statement regarding such forward-looking statements contained in the press release. To start off, lets touch on the preliminary results highlighted in the quarterly earnings release. Again, note the September quarter is the first quarter of our 2017 fiscal year. We did earn $0.50 diluted in the September quarter, that's up $0.02 from the $0.48 diluted we reported for the same quarter a year ago, and it's up $0.01 from the $0.49 diluted that we earned in the linked quarter, which was our June 2016 quarter. Asset growth was notably strong in the quarter as we grew assets by almost $66 million. This was a second consecutive quarter of brisker asset growth. Gross loans were up nearly $69 million, but the investment portfolio shrank a bit. If you look back over time, we typically have seen better loan growth in the June and September quarters, and this year has been typical in that regard so far. And I'll let Greg comment in a moment on the outlook. Compared to the year ago, gross loans were up just over 12.5%. Deposits were up almost $47 million for the quarter with most of that in brokered CDs. Compared to September of last year time deposits would be up just $2.5 million excluding the $38 million in brokered funding that we took in this quarter. But non-maturity deposits are up $69 million over that same 12 month period, which is almost 10.5%. Staying…

Thank you, Matt. To start with, I just wanted to talk briefly about our lending. And we are very pleased with having $68 million in long growth for the quarter, which since June 30, represents growth of a little over 6% which is running well ahead of our internal annual growth targets of 8% to 10%. Part of the reason for this growth is we had several larger loans that closed at the very beginning of the quarter that we had anticipated actually funding in the June quarter, but they carried over a little bit. Our growth was especially strong in this quarter, but we also had lower prepayments than what we have had for last several quarters, which also contributed to growth. We originated $149 million in loans during this quarter, versus $106 million in the same quarter of the prior year when we grew $16 million. We do anticipate our growth rate to slow markedly over the next several quarters, in part primarily due to pay downs from some of our agricultural portfolio. When we look at the composition of growth over the last quarter, Ag growth for our lines of credit grew as we projected last quarter at $10 million, our Ag real estate balances were up $4 million, commercial real estate balances were up $44 million, our multifamily portfolio grew $4 million, our CNI portfolio grew $4 million and construction loans were up $3 million. Geographically, our growth was fairly wide spread. Our average balances in our loan portfolio in South East Missouri grew $16 million, while our balances in Arkansas grew $21 million and our balances in South West Missouri grew $26 million. When we look at our Ag operating lines and their total, they totaled $83.2 million at the end of September, which has…

Alright, thank you Greg. And Laurie, if you would, we'd like to take questions from participants at this time. So, please remind them how they might queue for those.

Certainly. [Operator Instructions] And our first question will come from Andrew Liesch of Sandler O'Neill.

A question on the tax rate, moving these assets and to forming a REIT. Just curious, is this a good tax rate going forward, this 27% or so, or is this just a one quarter effect?

No, we think that should be an ongoing benefit.

Got you, and then, is there is going to be like an offset in operating expenses?

It should not be as significant going forward. And it wasn’t even a huge item this quarter, but it did contribute a little bit. But on an ongoing basis it ought to be fairly minimal.

Got you, so maybe then, just I guess turning to expenses, so the rise in operating expense is not including though the prepayment penalty. It looks like that might have been from space under your prepared remarks, unfunded commitment provisions. Did I hear that correct?

No, I think that was actually a positive item this quarter, but compensation was a little bit higher, somewhat due to personnel. We have a few timing issues. The June 30 quarter end being yearend. we had some accrual adjustments there for bonus and things like that, but the biggest item then it was just additional of some talent.

[Operator Instructions] And showing no additional questions, I would like to turn the conference back over to Matt Funke for any closing remarks.

Okay thank you again Laurie, and thank you everyone for your participation. I appreciate your interest and we'll talk again in a few months.

The conference is now concluded. Thank you for attending today's presentation, you may now disconnect.