Southside bancshares, inc. (SBSI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Loans

170,288

158,691

117,633

106,564

96,417

70,598

72,910

69,462

66,736

69,973

70,679

Taxable investment securities

167

417

939

1,057

1,587

615

799

519

64

91

1,055

Tax-exempt investment securities

16,856

24,960

24,529

22,654

22,468

24,038

25,483

13,644

12,520

10,889

7,607

Interest Income, Securities, Mortgage Backed

50,486

41,584

41,361

37,450

33,661

28,207

20,085

32,118

51,467

50,130

65,463

Federal Home Loan Bank stock and equity investments

1,654

1,595

1,306

798

298

181

182

240

233

259

235

Other interest earning assets

1,336

1,918

1,706

390

101

139

143

37

18

32

154

Total interest income

240,787

229,165

187,474

168,913

154,532

123,778

119,602

116,020

131,038

131,374

145,193

Interest expense:
Deposits

44,565

35,864

20,736

14,255

10,162

7,953

8,179

10,841

15,647

18,969

22,682

Federal Home Loan Bank borrowings

17,719

12,813

15,106

11,751

8,234

-

-

-

-

-

-

Subordinated notes

5,661

5,659

5,633

1,628

0

-

-

-

-

-

-

Trust preferred subordinated debentures

2,775

2,610

2,013

1,706

1,455

-

-

-

-

-

-

Other borrowings

262

155

16

8

3

-

-

-

-

-

-

Short-term obligations

-

-

-

-

-

624

1,875

6,340

6,577

7,563

4,696

Long-term obligations

-

-

-

-

-

8,379

7,914

9,714

13,407

18,775

25,294

Total interest expense

70,982

57,101

43,504

29,348

19,854

16,956

17,968

26,895

35,631

45,307

52,672

Net interest income

169,805

172,064

143,970

139,565

134,678

106,822

101,634

89,125

95,407

86,067

92,521

Provision for (reversal of) credit losses

5,100

8,400

4,700

9,780

8,343

14,938

8,879

10,736

7,496

13,737

15,093

Net interest income after provision for credit losses

164,704

163,627

139,295

129,785

126,335

91,884

92,755

78,389

87,911

72,330

77,428

Noninterest income:
Deposit services

26,038

25,082

21,785

20,702

20,112

15,280

15,560

15,433

15,943

16,819

17,629

Debt Securities, Available-for-sale, Realized Gain (Loss)

756

-1,800

625

2,836

3,660

2,830

8,472

17,966

11,795

25,789

33,446

Loss on sale of securities carried at fair value through income

-

-

-

-

-

-

-

-498

937

0

0

Fair value gains  securities

-

-

-

-

-

-

-

-

6,693

-598

0

FHLB advance option impairment charges

-

-

-

-

-

-

-

2,031

8,923

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

Impairment of investment in SFG Finance, LLC

-

-

-

-

-

2,755

0

0

-

-

-

Gain on sale of loans

509

692

1,821

2,795

2,082

323

770

1,119

1,230

1,751

1,240

Trust fees

6,269

6,832

3,818

3,491

3,419

3,145

3,024

2,794

2,610

2,368

2,456

Bank owned life insurance

2,307

2,923

2,537

2,626

2,623

1,334

3,122

1,110

1,087

1,155

1,724

Brokerage services

2,080

1,987

2,422

2,127

2,206

1,308

1,157

-

-

-

-

Other

4,409

5,096

4,465

4,834

3,793

3,024

3,140

4,128

3,950

3,589

3,179

Total noninterest income

42,368

40,773

37,473

39,411

37,895

24,489

35,245

40,021

35,322

50,798

56,674

Noninterest expense:
Salaries and employee benefits

73,731

70,643

60,779

61,628

62,945

60,821

52,054

48,084

45,421

43,957

42,505

Net occupancy

13,128

13,814

12,068

13,722

12,883

7,259

7,539

7,498

7,205

6,780

6,372

Acquisition expense

0

2,413

4,352

0

5,473

-

-

-

-

-

-

Equipment expense

-

-

-

-

-

-

-

-

-

1,899

1,718

Advertising, travel & entertainment

2,964

2,894

2,219

2,643

2,678

2,219

2,642

2,463

2,414

2,319

2,344

ATM expense

894

1,090

3,889

3,136

3,054

1,331

1,328

1,063

987

825

1,296

Director fees

-

-

-

-

-

-

-

-

914

950

785

Supplies

-

-

-

-

-

-

-

-

-

902

863

Professional fees

4,717

4,035

3,844

4,946

3,735

7,827

2,782

2,928

2,718

2,015

2,218

Software and data processing

4,537

3,996

3,027

2,911

3,440

4,629

2,018

519

-

-

-

Postage

-

-

-

-

-

-

-

-

-

800

872

Communications

1,941

1,847

1,905

1,931

1,978

1,222

1,529

1,665

1,325

1,443

1,424

FDIC insurance

859

1,871

1,769

2,141

2,510

1,765

1,713

1,744

1,817

2,909

3,943

Amortization of intangibles

4,418

5,213

1,955

1,940

2,296

-

-

-

-

-

-

FHLB prepayment fees

-

-

-

-

-

539

1,048

0

0

-

-

Other

12,108

12,283

10,528

14,524

11,962

10,092

9,060

10,143

9,547

6,515

7,290

Total noninterest expense

119,297

120,099

106,335

109,522

112,954

97,704

81,713

76,107

72,348

71,314

71,630

Income before income tax expense

87,775

84,301

70,433

59,674

51,276

18,669

46,287

42,303

50,885

51,814

62,472

Current

-

-

-

-

-

-

-

-

-

11,100

16,816

Deferred

-

-

-

-

-

-

-

-

-

656

-207

Income Tax Expense (Benefit)

13,221

10,163

16,121

10,325

7,279

-2,164

5,097

7,608

10,394

11,756

16,609

Net income

74,554

74,138

54,312

49,349

43,997

20,833

41,190

34,695

40,491

40,058

45,863

Less: Net income attributable to the noncontrolling interest

-

-

-

-

-

-

-

-

1,358

955

1,467

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

39,133

39,103

44,396

Earnings Per Share, Basic

2.21

2.12

1.82

1.82

1.61

0.99

2.09

1.82

2.16

2.25

2.71

Earnings Per Share, Diluted

2.20

2.11

1.81

1.81

1.61

0.99

2.09

1.82

2.16

2.25

2.68

Common Stock, Dividends, Per Share, Cash Paid

1.26

1.20

1.11

1.01

1.00

0.96

0.91

1.11

0.90

0.85

0.75