SOUTHSIDE BANCSHARES INC
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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Jun 30, 2024 · Filed Jul 26, 2024
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GLOSSARY OF ACRONYMS, ABBREVIATIONS AND TERMS
SOUTHSIDE BANCSHARES, INC.
Glossary of Acronyms, Abbreviations and Terms
The acronyms, abbreviations and terms listed below are used in various sections of this Form 10-Q, including "Item 1. Financial Statements" and "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations."
| Entities: | |
|---|---|
| Southside Bancshares, Inc. | Bank holding company for Southside Bank |
| Southside Bank | Texas state bank and wholly owned subsidiary of Southside Bancshares, Inc. |
| Company | Combined entities of Southside Bancshares, Inc. and its subsidiaries, including Southside Bank |
| Bank | Southside Bank |
| Southside | Southside Bancshares, Inc. |
| Other Acronyms, Abbreviations and Terms: | |
| 401(k) Plan | 401(k) Defined Contribution Plan |
| Acquired Retirement Plan | OmniAmerican Bank defined benefit pension plan |
| AFS | Available for sale |
| ALCO | Asset/Liability Committee |
| AOCI | Accumulated other comprehensive income or loss |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update issued by the FASB |
| ATM | Automated teller machines |
| BTFP | The Federal Reserve’s Bank Term Funding Program |
| Basel Committee | Basel Committee on Banking Supervision |
| BOLI | Bank owned life insurance |
| CARES Act | Coronavirus Aid, Relief, and Economic Security Act |
| CDs | Certificates of deposit |
| CECL | ASC 326, Financial Instruments- Credit Losses, also known as Current Expected Credit Losses |
| CET1 | Common Equity Tier 1 |
| CMOs | Collateralized mortgage obligations |
| CRE | Commercial real estate |
| Dodd-Frank Act | Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 |
| Economic Aid Act | Economic Aid to Hard-Hit Small Business, Nonprofits and Venues Act |
| ESOP | Employee Stock Ownership Plan |
| ETR | Effective tax rate |
| Exchange Act | Securities Exchange Act of 1934 |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | The Board of Governors of the Federal Reserve System |
| FHLB | Federal Home Loan Bank |
| FRBNY | Federal Reserve Bank of New York |
| FRDW | Federal Reserve Discount Window |
| FTE | Fully-taxable equivalents measurements |
| GAAP | United States generally accepted accounting principles |
| GSEs | U.S. government-sponsored enterprises |
| Guidelines | Interagency Guidelines Prescribing Standards for Safety and Soundness adopted by federal banking agencies |
|---|---|
| HTM | Held to maturity |
| ITM | Interactive teller machines |
| LIBOR | London Interbank Offered Rate |
| MBS | Mortgage-backed securities |
| MVPE | Market value of portfolio equity |
| OREO | Other real estate owned |
| Repurchase agreements | Securities sold under agreements to repurchase |
| Restoration Plan | Nonfunded supplemental retirement plan |
| Retirement Plan | Defined benefit pension plan |
| ROU | Right-of-use |
| RSU | Restricted stock units |
| SBA | Small Business Administration |
| SEC | Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate provided by the Federal Reserve Bank of New York |
| U.S. | United States |
PART I. FINANCIAL INFORMATION
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