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PARENT COMPANY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
PARENT COMPANY FINANCIAL INFORMATION PARENT COMPANY FINANCIAL INFORMATION
Condensed financial information for Southside Bancshares, Inc. (parent company only) was as follows (in thousands, except share amounts):
CONDENSED BALANCE SHEETSDecember 31,
 20242023
ASSETS  
Cash and due from banks$17,360 $5,097 
Investment in bank subsidiaries at equity in underlying net assets940,948 917,035 
Investment in nonbank subsidiaries at equity in underlying net assets1,826 1,826 
Other assets5,342 4,765 
Total assets$965,476 $928,723 
LIABILITIES AND SHAREHOLDERS’ EQUITY  
Subordinated notes, net of unamortized debt issuance costs$92,042 $93,877 
Trust preferred subordinated debentures, net of unamortized debt issuance costs60,274 60,270 
Other liabilities1,218 1,288 
Total liabilities153,534 155,435 
Shareholders’ equity:  
Common stock: ($1.25 par value, 80,000,000 shares authorized, 38,077,992 shares issued at December 31, 2024 and 38,039,706 shares issued at December 31, 2023)
47,598 47,550 
Paid-in capital793,586 788,840 
Retained earnings326,793 282,355 
Treasury stock: (shares at cost, 7,699,182 at December 31, 2024 and 7,790,276 at December 31, 2023)
(231,137)(231,995)
AOCI(124,898)(113,462)
Total shareholders’ equity811,942 773,288 
Total liabilities and shareholders’ equity$965,476 $928,723 


CONDENSED STATEMENTS OF INCOME
 Years Ended December 31,
 202420232022
Income
Dividends from subsidiary$65,000 $85,000 $85,000 
Interest income138 135 72 
Other178 587 — 
Total income65,316 85,722 85,072 
Expense   
Interest expense8,395 8,424 6,412 
Other3,201 3,319 3,148 
Total expense11,596 11,743 9,560 
Income before income tax expense53,720 73,979 75,512 
Income tax benefit2,368 2,314 1,992 
Income before equity in undistributed earnings of subsidiaries56,088 76,293 77,504 
Equity in undistributed earnings of subsidiaries32,406 10,399 27,516 
Net income$88,494 $86,692 $105,020 
CONDENSED STATEMENTS OF CASH FLOWS
 Years Ended December 31,
 202420232022
 
OPERATING ACTIVITIES:   
Net income$88,494 $86,692 $105,020 
Adjustments to reconcile net income to net cash provided by operations:   
Amortization152 159 145 
Stock compensation expense580 360 342 
Equity in undistributed earnings of subsidiaries(32,406)(10,399)(27,516)
(Gain on purchase) loss on redemption of subordinated notes(178)(587)— 
Net change in other assets(577)(354)(27)
Net change in other liabilities(70)303 204 
Net cash provided by operating activities55,995 76,174 78,168 
INVESTING ACTIVITIES:   
Net cash used in investing activities— — — 
FINANCING ACTIVITIES:   
Purchase/redemption of subordinated notes(1,805)(4,365)— 
Purchase of common stock(1,505)(45,074)(33,708)
Proceeds from issuance of common stock3,208 1,709 1,522 
Cash dividends paid(43,630)(43,582)(44,936)
Net cash (used in) provided by financing activities(43,732)(91,312)(77,122)
Net increase (decrease) in cash and cash equivalents12,263 (15,138)1,046 
Cash and cash equivalents at beginning of period5,097 20,235 19,189 
Cash and cash equivalents at end of period$17,360 $5,097 $20,235