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SOUTH PLAINS FINANCIAL, INC. (SPFI)

SOUTH PLAINS FINANCIAL, INC. (SPFI)

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Balance Sheets Overview

Debt to Asset Ratio
88.32%
Unit: Thousand (K) dollars
Assets Breakdown
    • Loans held for investment
    • Interest-bearing deposits in ban...
    • Bank-owned life insurance
    • Others
Liabilities Breakdown
    • Interest-bearing
    • Noninterest-bearing
    • Retained earnings
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and due from banks
61,177
45,881
58,318
56,071
Interest-bearing deposits in banks
726,580
676,119
494,121
578,975
Cash and cash equivalents
787,757
722,000
552,439
635,046
Securities available for sale
555,427
602,852
567,540
571,138
Loans held for sale (7,943 and 7,796 at fair value at june 30, 2026 and december 31, 2025, respectively)
11,622
17,203
9,993
13,046
Loans held for investment
3,771,434
3,103,529
3,144,502
3,053,503
Allowance for credit losses on loans
53,076
44,822
45,131
44,125
Loans held for investment, net
3,718,358
3,058,707
3,099,371
3,009,378
Accrued interest receivable
20,306
17,009
20,931
18,012
Premises and equipment, gross
-
-
126,637
-
Less accumulated depreciation
-
-
75,074
-
Premises and equipment, net
52,132
51,585
51,563
51,809
Bank-owned life insurance
89,841
78,119
77,694
77,274
Goodwill
66,592
19,315
19,315
19,315
Intangible assets, net
5,626
1,012
1,133
1,265
Mortgage servicing rights
25,749
24,611
24,041
24,458
Deferred tax asset, net
20,125
20,244
20,433
21,650
Other assets
37,671
33,717
36,047
37,046
Total assets
5,391,206
4,646,374
4,480,500
4,479,437
Noninterest-bearing
1,151,641
1,034,117
1,023,517
1,049,501
Interest-bearing
3,488,985
2,993,469
2,850,560
2,831,642
Total deposits
4,640,626
4,027,586
3,874,077
3,881,143
Accrued expenses and other liabilities
60,322
53,356
52,093
59,999
Subordinated debt
14,100
14,100
14,100
14,100
Junior subordinated deferrable interest debentures
46,393
46,393
46,393
46,393
Total liabilities
4,761,441
4,141,435
3,986,663
4,001,635
Common stock, 1.00 par value per share, 30,000,000 shares authorized 18,839,105 and 16,293,577 issued and outstanding at june 30, 2026 and december 31, 2025, respectively
18,839
16,342
16,294
16,248
Additional paid-in capital
194,245
91,244
91,065
91,116
Retained earnings
461,708
445,971
434,197
421,542
Accumulated other comprehensive loss
-45,027
-48,618
-47,719
-51,104
Total stockholders equity
629,765
504,939
493,837
477,802
Total liabilities and stockholders equity
5,391,206
4,646,374
4,480,500
4,479,437
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Loans held forinvestment$3,771,434K (21.70%↑ Y/Y)Interest-bearing deposits inbanks$726,580K (77.17%↑ Y/Y)Cash and due frombanks$61,177K (1.29%↑ Y/Y)Loans held forinvestment, net$3,718,358K (21.75%↑ Y/Y)Cash and cashequivalents$787,757K (67.43%↑ Y/Y)Securities available forsale$555,427K (-2.56%↓ Y/Y)Bank-owned life insurance$89,841K (16.89%↑ Y/Y)Goodwill$66,592K (244.77%↑ Y/Y)Premises and equipment,net$52,132K (1.56%↑ Y/Y)Other assets$37,671K (3.18%↑ Y/Y)Mortgage servicingrights$25,749K (2.45%↑ Y/Y)Accrued interestreceivable$20,306K (12.84%↑ Y/Y)Deferred tax asset, net$20,125K (-14.25%↓ Y/Y)Loans held for sale(7,943 and 7,796 at fair...$11,622K (-32.36%↓ Y/Y)Intangible assets, net$5,626K (297.04%↑ Y/Y)Allowance for creditlosses on loans$53,076K (17.92%↑ Y/Y)Total assets$5,391,206K (23.55%↑ Y/Y)Total liabilities andstockholders equity$5,391,206K (23.55%↑ Y/Y)Total liabilities$4,761,441K (21.79%↑ Y/Y)Total stockholdersequity$629,765K (38.69%↑ Y/Y)Accumulated othercomprehensive loss-$45,027K (25.26%↑ Y/Y)Total deposits$4,640,626K (24.12%↑ Y/Y)Accrued expenses andother liabilities$60,322K (2.48%↑ Y/Y)Junior subordinateddeferrable interest...$46,393K (0.00%↑ Y/Y)Subordinated debt$14,100K (-77.99%↓ Y/Y)Retained earnings$461,708K (13.21%↑ Y/Y)Additional paid-in capital$194,245K (115.19%↑ Y/Y)Common stock, 1.00 parvalue per share,...$18,839K (16.08%↑ Y/Y)Interest-bearing$3,488,985K (27.33%↑ Y/Y)Noninterest-bearing$1,151,641K (15.31%↑ Y/Y)