Earnings Per Share

3 Months Ended

Mar. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

3.         Earnings Per Share - (2011 Restated)

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

	Three Months
	Ended March 31,
	2011		2010
Basic and Diluted Earnings:
Net Income - Southside Bancshares, Inc.	$	8,374	$	11,645
Basic weighted-average shares outstanding:		16,429		16,546
Add:   Stock options		5		67
Diluted weighted-average shares outstanding		16,434		16,613
Basic Earnings Per Share:
Net Income - Southside Bancshares, Inc.	$	0.51	$	0.70
Diluted Earnings Per Share:
Net Income - Southside Bancshares, Inc.	$	0.51	$	0.70

On March 31, 2011, our board of directors declared a 5% stock dividend to common stock shareholders of record as of April 20, 2011, and payable on May 11, 2011.

For the three month period ended March 31, 2011 and 2010, there were no antidilutive options.