SOUTH PLAINS FINANCIAL, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
SPFI$43.08+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Cash and due from banks | $45,881 | $58,318 |
| Interest-bearing deposits in banks | 676,119 | 494,121 |
| Cash and cash equivalents | 722,000 | 552,439 |
| Securities available for sale | 602,852 | 567,540 |
| Loans held for sale ($15,471 and $7,796 at fair value at March 31, 2026 and December 31, 2025, respectively) | 17,203 | 9,993 |
| Loans held for investment | 3,103,529 | 3,144,502 |
| Allowance for credit losses on loans | (44,822) | (45,131) |
| Loans held for investment, net | 3,058,707 | 3,099,371 |
| Accrued interest receivable | 17,009 | 20,931 |
| Premises and equipment, net | 51,585 | 51,563 |
| Bank-owned life insurance | 78,119 | 77,694 |
| Goodwill | 19,315 | 19,315 |
| Intangible assets, net | 1,012 | 1,133 |
| Mortgage servicing rights | 24,611 | 24,041 |
| Deferred tax asset, net | 20,244 | 20,433 |
| Other assets | 33,717 | 36,047 |
| Total assets | $4,646,374 | $4,480,500 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $1,034,117 | $1,023,517 |
| Interest-bearing | 2,993,469 | 2,850,560 |
| Total deposits | 4,027,586 | 3,874,077 |
| Accrued expenses and other liabilities | 53,356 | 52,093 |
| Subordinated debt | 14,100 | 14,100 |
| Junior subordinated deferrable interest debentures | 46,393 | 46,393 |
| Total liabilities | 4,141,435 | 3,986,663 |
| Stockholders’ equity: | ||
| Common stock, $1.00 par value per share, 30,000,000 shares authorized; 16,342,219 and 16,293,577 issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 16,342 | 16,294 |
| Additional paid-in capital | 91,244 | 91,065 |
| Retained earnings | 445,971 | 434,197 |
| Accumulated other comprehensive loss | (48,618) | (47,719) |
| Total stockholders’ equity | 504,939 | 493,837 |
| Total liabilities and stockholders’ equity | $4,646,374 | $4,480,500 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
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