SOUTH PLAINS FINANCIAL, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 6, 2025
SPFI$43.08+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets (Unaudited)
BALANCE SHEETS
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Cash and due from banks | $56,071 | $54,114 |
| Interest-bearing deposits in banks | 578,975 | 304,968 |
| Cash and cash equivalents | 635,046 | 359,082 |
| Securities available for sale | 571,138 | 577,240 |
| Loans held for sale ($9,912 and $13,791 at fair value at September 30, 2025 and December 31, 2024, respectively) | 13,046 | 20,542 |
| Loans held for investment | 3,053,503 | 3,055,054 |
| Allowance for credit losses on loans | (44,125) | (43,237) |
| Loans held for investment, net | 3,009,378 | 3,011,817 |
| Accrued interest receivable | 18,012 | 21,687 |
| Premises and equipment, net | 51,809 | 52,951 |
| Bank-owned life insurance | 77,274 | 76,054 |
| Goodwill | 19,315 | 19,315 |
| Intangible assets, net | 1,265 | 1,720 |
| Mortgage servicing rights | 24,458 | 26,292 |
| Deferred tax asset, net | 21,650 | 22,840 |
| Other assets | 37,046 | 42,699 |
| Total assets | $4,479,437 | $4,232,239 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $1,049,501 | $935,510 |
| Interest-bearing | 2,831,642 | 2,685,366 |
| Total deposits | 3,881,143 | 3,620,876 |
| Accrued expenses and other liabilities | 59,999 | 62,060 |
| Subordinated debt | 14,100 | 63,961 |
| Junior subordinated deferrable interest debentures | 46,393 | 46,393 |
| Total liabilities | 4,001,635 | 3,793,290 |
| Stockholders’ equity: | ||
| Common stock, $1.00 par value per share, 30,000,000 shares authorized; 16,247,839 and 16,455,826 issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 16,248 | 16,456 |
| Additional paid-in capital | 91,116 | 97,287 |
| Retained earnings | 421,542 | 385,827 |
| Accumulated other comprehensive loss | (51,104) | (60,621) |
| Total stockholders’ equity | 477,802 | 438,949 |
| Total liabilities and stockholders’ equity | $4,479,437 | $4,232,239 |
CONSOLIDATED STATEMENTS OF
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.