| Schedule of quarterly financial information |
QUARTERLY FINANCIAL INFORMATION OF REGISTRANT NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (in thousands, except share amounts)
| | | | | | | | | | | | | | | | | | | | 2012 | | | Fourth Quarter | | Third Quarter | | Second Quarter | | First Quarter | | | | | | | | | | Interest income | | $ | 26,398 |
| | $ | 28,464 |
| | $ | 29,442 |
| | $ | 31,716 |
| Interest expense | | 5,822 |
| | 6,456 |
| | 6,897 |
| | 7,720 |
| Net interest income | | 20,576 |
| | 22,008 |
| | 22,545 |
| | 23,996 |
| Provision for loan losses | | 2,245 |
| | 3,265 |
| | 2,174 |
| | 3,052 |
| Gain on sale of securities available for sale | | 4,395 |
| | 4,302 |
| | 3,297 |
| | 5,972 |
| Gain on sale of securities carried at fair value through income | | — |
| | — |
| | (13 | ) | | (485 | ) | FHLB advance option impairment charges | | — |
| | (195 | ) | | (1,364 | ) | | (472 | ) | Noninterest income excluding net securities gains (losses) and FHLB advance option impairment | | 6,259 |
| | 6,391 |
| | 6,142 |
| | 5,792 |
| Noninterest expense | | 19,413 |
| | 19,076 |
| | 19,096 |
| | 18,522 |
| Income before income tax expense | | 9,572 |
| | 10,165 |
| | 9,337 |
| | 13,229 |
| Provision for income tax expense | | 1,352 |
| | 1,558 |
| | 1,608 |
| | 3,090 |
| Net income attributable to Southside Bancshares, Inc. | | 8,220 |
| | 8,607 |
| | 7,729 |
| | 10,139 |
| Earnings per common share | | |
| | |
| | |
| | |
| Basic | | $ | 0.47 |
| | $ | 0.50 |
| | $ | 0.45 |
| | $ | 0.58 |
| Diluted | | $ | 0.47 |
| | $ | 0.50 |
| | $ | 0.45 |
| | $ | 0.58 |
|
| | | | | | | | | | | | | | | | | | | | 2011 | | | Fourth Quarter | | Third Quarter | | Second Quarter | | First Quarter | | | | | | | | | | Interest income | | $ | 32,756 |
| | $ | 32,653 |
| | $ | 33,724 |
| | $ | 31,905 |
| Interest expense | | 8,191 |
| | 8,637 |
| | 9,157 |
| | 9,646 |
| Net interest income | | 24,565 |
| | 24,016 |
| | 24,567 |
| | 22,259 |
| Provision for loan losses | | 2,044 |
| | 1,454 |
| | 1,860 |
| | 2,138 |
| Gain on sale of securities available for sale | | 2,715 |
| | 3,609 |
| | 3,920 |
| | 1,551 |
| Gain on sale of securities carried at fair value through income | | 345 |
| | 254 |
| | 84 |
| | 254 |
| Fair value gain (loss)-securities | | (664 | ) | | 3,274 |
| | 2,456 |
| | 1,627 |
| FHLB advance option impairment charges | | (1,104 | ) | | (7,819 | ) | | — |
| | — |
| Noninterest income excluding net securities gains (losses) and FHLB advance option impairment | | 6,024 |
| | 6,417 |
| | 6,175 |
| | 6,204 |
| Noninterest expense | | 17,804 |
| | 17,696 |
| | 18,116 |
| | 18,732 |
| Income before income tax expense | | 12,033 |
| | 10,601 |
| | 17,226 |
| | 11,025 |
| Provision for income tax expense | | 2,470 |
| | 2,038 |
| | 4,100 |
| | 1,786 |
| Net income | | 9,563 |
| | 8,563 |
| | 13,126 |
| | 9,239 |
| Less: Net income attributable to the noncontrolling interest | | — |
| | — |
| | (493 | ) | | (865 | ) | Net income attributable to Southside Bancshares, Inc. | | 9,563 |
| | 8,563 |
| | 12,633 |
| | 8,374 |
| Earnings per common share | | |
| | |
| | |
| | |
| Basic | | $ | 0.55 |
| | $ | 0.50 |
| | $ | 0.73 |
| | $ | 0.49 |
| Diluted | | $ | 0.55 |
| | $ | 0.50 |
| | $ | 0.73 |
| | $ | 0.49 |
|
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