| Business Summary | | Southside
Bancshares
Corp.
(Southside),
through
its
subsidiary
banks,
is
primarily
engaged
in
commercial
banking
and
providing
trust
services.
Southside
and
its
subsidiaries
had,
as
of
December
31,
2000,
consolidated
total
assets
of
approximately
$737
million.
The
primary
subsidiary
of
Southside,
South
Side
National
Bank
in
St.
Louis,
is
a
national
bank.
Southside's
subsidiary
banks,
which
operated
17
banking
offices
in
Missouri
during
2000,
are
engaged
in
the
general
banking
business
of
accepting
funds
for
deposit,
making
loans,
renting
safe
deposit
boxes
and
other
functions.
All
of
the
subsidiary
banks
offer
real
estate,
commercial
and
consumer
loans.
Customers
of
the
subsidiary
banks
are
offered
regular
checking,
interest-bearing
checking,
money
market,
savings,
certificates
of
deposit
and
IRA
accounts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Southside
Bancshares
is
a
multi-bank
holding
company
whose
four
subsidiary
banks
operate
17
offices
in
Missouri.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$26.1
million.
Net
interest
income
after
loan
loss
provision
fell
1%
to
$11.4
million.
Net
income
fell
18%
to
$2.7
million.
Net
interest
income
reflects
higher
earning
asset
balances,
offset
by
increased
interest
paid
on
deposits.
Earnings
suffered
from
increased
salaries
and
employee
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Teschner, 44 Pres,
CEO | $437K | Joseph Pope, 35 CFO,
Sr. VP, Director | 135K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|