South plains financial, inc. (SPFI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18
ASSETS
Cash and due from banks

46

56

48

38

37

47

Interest-bearing deposits in banks

89

101

195

367

301

198

Federal funds sold

-

-

0

2

-

-

Cash and cash equivalents

136

158

244

408

339

245

Fair value

734

707

401

263

339

338

Loans held for sale

62

49

50

38

21

38

Loans

2,108

2,143

1,962

1,935

1,915

1,957

Ending Balance

29

24

24

24

23

23

Accrued interest receivable

11

13

11

9

9

12

Premises and equipment, net

61

61

59

59

59

59

Bank-owned life insurance

69

69

58

57

57

57

Goodwill

19

18

-

-

-

0

Other intangible assets, net

8

8

-

-

-

0

Intangible assets

-

-

2

-

-

-

Other assets

32

30

29

27

27

26

Total assets

3,216

3,237

2,795

2,777

2,745

2,712

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Noninterest-bearing

740

790

556

513

497

510

Interest-bearing

1,924

1,905

1,729

1,768

1,807

1,767

Total deposits

2,665

2,696

2,285

2,281

2,304

2,277

Short-term borrowings

17

37

9

8

18

17

Accrued expenses and other liabilities

38

29

32

27

35

29

Notes payable & other borrowings

95

95

95

95

95

95

Subordinated debt securities

26

26

26

26

26

34

Junior subordinated deferrable interest debentures

46

46

46

46

46

46

Total liabilities

2,889

2,930

2,496

2,486

2,527

2,499

ESOP owned shares

-

-

0

0

58

58

Stockholders' equity:
Common stock, $1.00 par value per share, 30,000,000 shares authorized; 18,056,014 and 18,036,115 issued and outstanding at March 31, 2020 and December 31, 2019, respectively

18

18

18

17

14

14

Additional paid-in capital

140

140

140

140

80

80

Retained earnings

153

146

137

129

123

119

Accumulated other comprehensive income

14

0

3

3

0

-2

Total of all stockholders' equity (deficit) items before ESOP owned shares.

-

-

299

291

218

212

Cost of unearned shares that qualify as permanent equity that are held by an employee stock ownership plan (ESOP).

-

-

0

0

58

58

Total stockholders' equity

326

306

299

291

160

154

Total liabilities and stockholders' equity

3,216

3,237

2,795

2,777

2,745

2,712

Pro Forma [Member]
Cash and due from banks

-

-

-

-

37

-

Interest-bearing deposits in banks

-

-

-

-

301

-

Cash and cash equivalents

-

-

-

-

339

-

Fair value

-

-

-

-

339

-

Loans held for sale

-

-

-

-

21

-

Loans, gross

-

-

-

-

1,915

-

Ending Balance

-

-

-

-

23

-

Accrued interest receivable

-

-

-

-

9

-

Premises and equipment, net

-

-

-

-

59

-

Bank-owned life insurance

-

-

-

-

57

-

Other assets

-

-

-

-

27

-

Total assets

-

-

-

-

2,745

-

Noninterest-bearing

-

-

-

-

497

-

Interest-bearing

-

-

-

-

1,807

-

Total deposits

-

-

-

-

2,304

-

Short-term borrowings

-

-

-

-

18

-

Accrued expenses and other liabilities

-

-

-

-

35

-

Notes payable & other borrowings

-

-

-

-

95

-

Subordinated debt securities

-

-

-

-

26

-

Junior subordinated deferrable interest debentures

-

-

-

-

46

-

Total liabilities

-

-

-

-

2,527

-

ESOP owned shares

-

-

-

-

0

-

Common stock, $1.00 par value per share, 30,000,000 shares authorized; 14,771,520 issued and outstanding

-

-

-

-

14

-

Additional paid-in capital

-

-

-

-

80

-

Retained earnings

-

-

-

-

123

-

Accumulated other comprehensive income (loss)

-

-

-

-

0

-

Total of all stockholders' equity (deficit) items before ESOP owned shares.

-

-

-

-

218

-

Cost of unearned shares that qualify as permanent equity that are held by an employee stock ownership plan (ESOP).

-

-

-

-

0

-

Total stockholders' equity

-

-

-

-

218

-

Total liabilities and stockholders' equity

-

-

-

-

2,745

-