Southside Bank in Tyler, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Southside Bank - Overview

  • General
  • FDIC Certificate #: 18297
    Status: Active
    Federal Reserve ID: 361167
    Bank Holding Company (Regulatory Top Holder): Southside Bancshares, Incorporated (RSSDID: 1245068, Location: Tyler, TX)
    Date Established: October 03, 1960
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 40 (Domestic: 40, Interstate: No)
    OTS Docket #: 11033
    FDIC's unique #: 12213
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: October 03, 1960
    Last Structure Change Effective Date: September 29, 2008
    Last Structure Change Process Date: October 01, 2008
    Last Data Update: October 01, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1201 South Beckham Street, Tyler, TX 75701
    County: Smith
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Tyler, TX (#8640)
    Combined Statistical Area (CSA): Tyler-Jacksonville, TX (#540)
    Core Based Statistical Area (CBSA): Tyler, TX (#46340)
    CBSA Metro Statistical Area: Tyler, TX (#46340)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $3,303.8 mil
    Equity capital: $306.9 mil
    Deposits held in domestic offices: $2,331.5 mil
    Return on assets (ROA): 1.41% ($46.6 mil)
    Quarterly return on assets: 1.44% ($47.6 mil)
    Return on Equity (ROE): 15.40% ($47.3 mil)
    Quarterly return on equity: 15.35% ($47.1 mil)
    Net income: $44.2 mil
    Quarterly Net income: $11.7 mil
    Pretax return on assets: 1.83% ($60,460.1 mil)
    Quarterly Pretax return on assets: 1.89% ($62,442.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 560Total employees (full-time equivalent)
  • $3,303,833Total assets
  • $42,679Cash and due from depository institutions
  • $1,749Interest-bearing balances
  • $2,009,628Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,072,242Net loans & leases
  • $18,540Loan loss allowance
  • $0Trading account assets
  • $48,188Bank premises and fixed assets
  • $453Other real estate owned
  • $20,371Goodwill and other intangibles
  • $3,303,833Life insurance assets
  • $110,272All other assets
  • $2,996,889Total liabilities and capital
  • $2,331,459Total liabilities
  • $1,816,077Total deposits
  • $2,331,459Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 2945.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $622,754Trading liabilities
  • $0Other borrowed funds
  • $39,731Subordinated debt
  • $306,944All other liabilities
  • $306,944Total equity capital
  • $306,944Total bank equity capital
  • $0Perpetual preferred stock
  • $15,000Common stock
  • $119,523Surplus
  • $172,421Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,552Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,307Income earned, not collected on loans
  • $168Earning assets
  • $19,411Long-term assets (5+ years)
  • $3,083,619Average Assets, year-to-date
  • $1,780,506Average Assets, quarterly
  • $3,141,451Volatile liabilities
  • $3,254,692Insider loans
  • $1,347,362FHLB advances
  • $3,240,729Loans and leases held for sale
  • $36,570Unused loan commitments
  • $21,125Tier 1 (core) risk-based capital
  • $270,711Tier 2 risk-based capital
  • $9,460Total risk weighted assets
  • $5,985Total unused commitments
  • $116,028Restructured Loans and leases
  • $5,163Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $130,939Total interest income
  • $32,364Total interest expense
  • $98,575Net interest income
  • $7,496Provision for loan and lease losses
  • $24,639Total noninterest income
  • $2,610Fiduciary activities
  • $15,943Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,086Additional noninterest income
  • $69,751Total noninterest expense
  • $44,980Salaries and employee benefits
  • $8,624Premises and equipment expense
  • $16,147Additional noninterest expense
  • $45,967Pre-tax net operating income
  • $12,732Securities gains (losses)
  • $13,129Applicable income taxes
  • $45,570Income before extraordinary items
  • $0Extraordinary gains - net
  • $44,212Net income attributable to bank
  • $1,358Net charge-offs
  • $45,570Cash dividends
  • $9,667Sale, conversion, retirement of capital stock, net
  • $17,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.83%Pretax return on assets
  • 15.40%Return on equity (ROE)
  • 9.48%Retained earnings to average equity (YTD only)
  • 0.91%Net charge-offs to loans
  • 77.54%Credit loss provision to net charge-offs
  • 5.53%Efficiency ratio
  • 56,403Assets per employee
  • 5.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.45%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 179.88%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 45.99%Net loans and leases to core deposits
  • 57.69%Equity capital to assets
  • 9.29%Core capital (leverage) ratio
  • 8.35%Tier 1 risk-based capital ratio
  • 20.09%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $3,141,451Average earning assets
  • $287,042Average equity
  • $2,911,333Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $369,067Managed Assets
  • 1Number of Accounts
  • $325,954Personal trust and agency accounts
  • $87,513Employee benefit-defined contribution accounts
  • $8,478Employee benefit-defined benefit accounts
  • $56,252Other retirement accounts
  • $27,558Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $146,153Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 401Number of Accounts
  • $0Personal trust and agency accounts
  • $27,558Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $43,113Other retirement accounts
  • $9,834Corporate trust and agency accounts
  • $22,499Other fiduciary accounts
  • $10,383Fiduciary accounts held in foreign offices

List of branches

  • 40 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012213Southside Bank1201 South Beckham Street, Tyler, TX 75701October 03, 1960Full Service Brick and Mortar
    1244730Motor Facility1010 East First Street, Tyler, TX 75701May 11, 1981Limited Service Facility
    217462South Broadway Branch6201 South Broadway, Tyler, TX 75703July 16, 1984Full Service Brick and Mortar
    3244731Tyler Branch113 West Ferguson Street, Tyler, TX 75702March 08, 1993Full Service Brick and Mortar
    4244732Flint Branch20100 Highway 155 South, Flint, TX 75762November 15, 1993Full Service Retail
    5244733Gentry Branch2121 West Gentry Parkway, Tyler, TX 75702October 25, 1993Full Service Brick and Mortar
    6244734Troup Highway Branch3828 Troup Highway, Tyler, TX 75703July 31, 1996Full Service Retail
    7244735Smith County Branch100 Rice Road, Tyler, TX 75703October 22, 1996Full Service Retail
    8244736Lindale Branch521 South Main, Lindale, TX 75771December 04, 1996Full Service Retail
    9244737Longview Super One Branch2301 W Loop 281, Longview, TX 75604June 08, 1998Full Service Retail
    10244738Longview Branch2459 Judson Road, Longview, TX 75605December 01, 1998Full Service Brick and Mortar
    11244739Walmart Supercenter Branch6801 South Broadway, Tyler, TX 75701October 28, 1998Full Service Retail
    12357155Longview Super One - 2 Branch1217 East Marshall, Longview, TX 75601August 02, 1999Full Service Retail
    13359741Southside Branch2510 South Main, Lindale, TX 75771April 18, 2001Full Service Brick and Mortar
    14362890Kroger Branch701 West Marshall, Longview, TX 75601January 07, 2002Full Service Retail
    15364145Whitehouse Branch601 Highway 110 North, Whitehouse, TX 75791April 10, 2002Full Service Retail
    16364147Tyler Brookshire Branch113 North Nw Loop 323, Tyler, TX 75702April 24, 2002Full Service Retail
    17365286Whitehouse Main Branch901 Hwy 110 N, Whitehouse, TX 75791Febuary 11, 2002Full Service Brick and Mortar
    19427132Bullard Branch213 North Us Highway 69, Bullard, TX 75757December 10, 2003Full Service Retail
    20430552Jacksonville Main Branch1015 S. Jackson Street, Jacksonville, TX 75766April 09, 2004Full Service Brick and Mortar
    21433023Chandler Branch703 State Highway 31 East, Chandler, TX 75758November 15, 2004Full Service Retail
    22439244Gresham Branch16691 Fm 2493, Tyler, TX 75703January 03, 2005Full Service Brick and Mortar
    23440816Brookshire's Food Store Branch210 S Seven Points Blvd, Seven Points, TX 75143June 01, 2005Full Service Brick and Mortar
    25447896Gun Barrel City Branch901 West Main, Gun Barrel City, TX 75156Febuary 15, 2006Full Service Brick and Mortar
    28452580Athens Brookshire's Branch807 East Tyler Street, Athens, TX 75751March 01, 2006Full Service Retail
    29452581Forney Branch413 North Mcgraw, Forney, TX 75126March 28, 2006Full Service Brick and Mortar
    30466139Palestine Brookshire's Retail Branch2107 South Loop 256, Palestine, TX 75801November 14, 2005Full Service Retail
    31466140Tyler S. Broadway Motor Facility Bra6019 S. Broadway, Tyler, TX 75703October 04, 1993Limited Service Facility
    32466141Tyler S. Gentry Motor Facility Branc2111 W. Gentry Parkway, Tyler, TX 75702October 25, 1993Limited Service Facility
    334677642020 Roseland Blvd. Branch2020 Roseland Boulevard, Tyler, TX 75701July 11, 2007Full Service Brick and Mortar
    34470559Hawkins Branch1477 North Beaulah Street, Hawkins, TX 75765November 01, 2007Full Service Brick and Mortar
    3573812West Magnolia Branch701 West Magnolia, Fort Worth, TX 76104April 12, 1999Full Service Brick and Mortar
    36356932Arlington Banking Center2831 West Park Row, Arlington, TX 76013July 05, 2000Full Service Brick and Mortar
    37463993Fort Worth National Bank - West Bank9516 Clifford Street, Fort Worth, TX 76108May 01, 2007Full Service Brick and Mortar
    38489865Fort Worth Branch707 W. Magnolia Avenue, Fort Worth, TX 76104December 29, 2008Full Service Brick and Mortar
    39511411E Loop & 5th Brookshires Branch2734 East 5th Street, Tyler, TX 75701June 30, 2010Full Service Retail
    40512002Southside Bank Branch3815 State Hwy 64, Tyler, TX 75704August 30, 2010Full Service Brick and Mortar
    41517698Southside Bank Branch (Brookshire Gr6991 Old Jacksonville Highway, Tyler, TX 75703March 10, 2010Limited Service Retail
    42518314Austin Branch8200 North Mo-Pac Expressway, Austin, TX 78759April 04, 2011Full Service Brick and Mortar
    43521528Fresh Branch6991 Old Jacksonville Highway, Tyler, TX 75703March 10, 2011Full Service Retail

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