| Business Summary | | Southside
Bancshares,
Inc.
is
a
bank
holding
company
for
Southside
Bank.
The
Bank
is
a
financial
institution
that
offers
a
full
range
of
financial
services
to
individuals,
businesses
and
nonprofit
organizations
in
the
communities
it
serves.
These
services
include
consumer
and
commercial
loans,
deposit
accounts,
trust
services,
safe
deposit
services
and
brokerage
services.
The
Company
considers
its
primary
market
area
to
be
all
of
Smith
and
Gregg
Counties
in
East
Texas,
and
to
a
lesser
extent,
portions
of
adjoining
counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Southside
Bancshares,
Inc.
is
a
bank
holding
company
for
Southside
Bank,
a
state
chartered
bank
serving
East
Texas.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$40.5
million.
Net
interest
income
after
loan
loss
provision
fell
less
than
1%
to
$14.1
million.
Net
income
before
acct.
change
rose
23%
to
$6.1
million.
Results
reflect
increased
interest
paid
on
deposits
and
long-term
borrowings,
offset
by
higher
net
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| B. Hartley, 71 Chairman | $331K | -- | Sam Dawson, 53 Pres,
Sec. | 211K | -- | Robbie Edmonson, 68 Vice
Chairman | -- | -- | Lee Gibson, 44 CFO,
Exec. VP | 204K | $19.1K | Jeryl Story, 49 Exec.
VP of the company and Sr. VP of the Bank | 194K | 6.3K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|