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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income      
Loans $ 66,736 $ 69,973 $ 70,679
Investment securities - taxable 64 91 1,055
Investment securities - tax exempt 12,520 10,889 7,607
Mortgage-backed and related securities 51,467 50,130 65,463
FHLB stock and other investments 233 259 235
Other interest earning assets 18 32 154
Total interest income 131,038 131,374 145,193
Interest expense      
Deposits 15,647 18,969 22,682
Short-term obligations 6,577 7,563 4,696
Long-term obligations 13,407 18,775 25,294
Total interest expense 35,631 45,307 52,672
Net interest income 95,407 86,067 92,521
Provision for loan losses 7,496 13,737 15,093
Net interest income after provision for loan losses 87,911 72,330 77,428
Noninterest income      
Deposit services 15,943 16,819 17,629
Gain on sale of securities available for sale 11,795 25,789 33,446
Gain on sale of securities carried at fair value through income 937 0 0
Total other-than-temporary impairment losses 0 (39) (5,730)
Portion of loss recognized in other comprehensive income (before taxes) 0 (36) 2,730
Net impairment losses recognized in earnings 0 (75) (3,000)
Fair value gain (loss) - securities 6,693 (598) 0
FHLB advance option impairment charges (8,923) 0 0
Gain on sale of loans 1,230 1,751 1,240
Trust income 2,610 2,368 2,456
Bank owned life insurance income 1,087 1,155 1,724
Other 3,950 3,589 3,179
Total noninterest income 35,322 50,798 56,674
Noninterest expense      
Salaries and employee benefits 45,421 43,957 42,505
Occupancy expense 7,205 6,780 6,372
Equipment expense 2,055 1,899 1,718
Advertising, travel and entertainment 2,414 2,319 2,344
ATM and debit card expense 987 825 1,296
Director fees 914 950 785
Supplies 746 902 863
Professional fees 2,160 2,015 2,218
Postage 725 800 872
Telephone and communications 1,325 1,443 1,424
FDIC Insurance 1,817 2,909 3,943
Other 6,579 6,515 7,290
Total noninterest expense 72,348 71,314 71,630
Income before income tax expense 50,885 51,814 62,472
Provision (benefit) for income tax expense      
Current 11,665 11,100 16,816
Deferred (1,271) 656 (207)
Total income taxes 10,394 11,756 16,609
Net income 40,491 40,058 45,863
Less: Net income attributable to the noncontrolling interest (1,358) (955) (1,467)
Net income attributable to Southside Bancshares, Inc $ 39,133 $ 39,103 $ 44,396
Earnings per common share - basic (in dollars per share) $ 2.38 $ 2.37 $ 2.71
Earnings per common share - diluted (in dollars per share) $ 2.38 $ 2.37 $ 2.68
Dividends declared per common share (in dollars per share) $ 0.90 $ 0.85 $ 0.75