EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Earnings per share attributable to Southside Bancshares, Inc. on a basic and diluted basis has been adjusted to give retroactive recognition to stock dividends and is calculated as follows (in thousands, except per share amounts):

	Years Ended December 31,
	2013		2012		2011
Basic and Diluted Earnings:
Net Income – Southside Bancshares, Inc.	$	41,190	$	34,695	$	39,133
Basic weighted-average shares outstanding:	17,872		18,193		18,137
Add: Stock options	38		12		9
Diluted weighted-average shares outstanding	17,910		18,205		18,146
Basic Earnings Per Share:
Net Income – Southside Bancshares, Inc.	$	2.30	$	1.91	$	2.16
Diluted Earnings Per Share:
Net Income – Southside Bancshares, Inc.	$	2.30	$	1.91	$	2.16

During the fourth quarter of 2013, our board of directors approved equity grants in the form of stock options and restricted stock units.  These equity grants were made pursuant to the shareholder-approved Southside Bancshares, Inc. 2009 Incentive Plan.

For the year ended December 31, 2013, there were approximately 4,000 antidilutive options. For both the years ended December 31, 2012, and 2011 there were approximately 14,000 antidilutive options.