SOUTH PLAINS FINANCIAL, INC.
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
SPFI$43.08+1.5%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets (Unaudited)
BALANCE SHEETS
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Cash and due from banks | $60,400 | $54,114 |
| Interest-bearing deposits in banks | 410,096 | 304,968 |
| Cash and cash equivalents | 470,496 | 359,082 |
| Securities available for sale | 570,000 | 577,240 |
| Loans held for sale ($15,020 and $13,791 at fair value at June 30, 2025 and December 31, 2024, respectively) | 17,182 | 20,542 |
| Loans held for investment | 3,098,978 | 3,055,054 |
| Allowance for credit losses on loans | (45,010) | (43,237) |
| Loans held for investment, net | 3,053,968 | 3,011,817 |
| Accrued interest receivable | 17,996 | 21,687 |
| Premises and equipment, net | 51,329 | 52,951 |
| Bank-owned life insurance | 76,859 | 76,054 |
| Goodwill | 19,315 | 19,315 |
| Intangible assets, net | 1,417 | 1,720 |
| Mortgage servicing rights | 25,134 | 26,292 |
| Deferred tax asset, net | 23,469 | 22,840 |
| Other assets | 36,509 | 42,699 |
| Total assets | $4,363,674 | $4,232,239 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $998,759 | $935,510 |
| Interest-bearing | 2,740,179 | 2,685,366 |
| Total deposits | 3,738,938 | 3,620,876 |
| Accrued expenses and other liabilities | 58,863 | 62,060 |
| Short-term borrowings | 1,352 | — |
| Subordinated debt | 64,054 | 63,961 |
| Junior subordinated deferrable interest debentures | 46,393 | 46,393 |
| Total liabilities | 3,909,600 | 3,793,290 |
| Stockholders’ equity: | ||
| Common stock, $1.00 par value per share, 30,000,000 shares authorized; 16,230,475 and 16,455,826 issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 16,230 | 16,456 |
| Additional paid-in capital | 90,268 | 97,287 |
| Retained earnings | 407,822 | 385,827 |
| Accumulated other comprehensive loss | (60,246) | (60,621) |
| Total stockholders’ equity | 454,074 | 438,949 |
| Total liabilities and stockholders’ equity | $4,363,674 | $4,232,239 |
CONSOLIDATED STATEMENTS OF
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