South plains financial, inc. (SPFI)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Interest income:
Loans, including fees

119,821

116,904

114,664

112,664

109,699

105,710

0

0

0

Securities:
Taxable

10,494

8,890

8,267

7,982

6,958

5,577

0

0

0

Non taxable

1,189

1,018

895

1,199

2,002

2,872

0

0

0

Interest income on federal funds sold and interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts.

5,171

6,130

6,024

5,071

4,156

3,935

0

0

0

Total interest income

136,675

132,942

129,850

126,916

122,815

118,094

0

0

0

Interest expense:
Deposits

20,885

22,491

23,257

22,300

19,957

17,561

0

0

0

Notes payable & other borrowings

2,114

2,314

2,456

2,416

2,271

2,051

0

0

0

Subordinated debt securities

1,614

1,616

1,524

1,365

1,207

1,046

0

0

0

Junior subordinated deferrable interest debentures

1,834

1,946

1,995

1,997

1,940

1,824

0

0

0

Total interest expense

26,447

28,367

29,232

28,078

25,375

22,482

0

0

0

Net interest income

110,228

104,575

100,618

98,838

97,440

95,612

0

0

0

Provision for loan losses

8,425

2,799

3,071

6,066

6,731

6,901

0

0

0

Net interest income, after provision for loan losses

101,803

101,776

97,547

92,772

90,709

88,711

0

0

0

Noninterest income:
The non-interest income earned through general service fees for monthly account maintenance and activity- or transaction-based fees, consisting of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue.

8,207

8,129

8,041

7,919

7,801

7,813

0

0

0

Income from insurance activities

6,425

7,016

7,210

7,558

7,483

7,128

0

0

0

Net gain on sales of loans

27,401

23,521

21,842

20,388

20,052

19,703

0

0

0

The non-interest income generated from bank card services and interchange fees.

8,920

8,692

9,008

8,917

8,897

8,845

0

0

0

Realized gain on sale of securities

0

-

-

-

0

-

-

-

-

Investment commissions

1,832

1,710

1,725

1,730

1,662

1,779

0

0

0

The non-interest income generated from fiduciary fees.

0

-

-

-

0

-

-

-

-

Other

5,570

5,259

4,640

5,134

5,016

5,411

0

0

0

Total noninterest income

63,433

56,633

54,283

53,463

52,728

52,121

0

0

0

Noninterest expense:
Salaries and employee benefits

77,077

75,392

74,359

74,268

73,302

71,778

0

0

0

Occupancy and equipment, net

13,765

13,572

13,777

13,679

13,654

13,571

0

0

0

Professional services

7,200

7,334

7,600

7,222

7,011

6,734

0

0

0

Marketing and development

3,068

3,017

3,076

2,985

2,949

3,050

0

0

0

IT and data services

2,984

2,830

2,670

2,512

2,376

2,233

0

0

0

The amount of noninterest expense related to bank card expenses.

3,674

3,346

3,149

2,950

2,803

2,743

0

0

0

The amount of noninterest expense related to appraisal expenses.

1,757

1,625

1,456

1,444

1,391

1,353

0

0

0

Other

16,158

14,592

14,405

14,050

14,116

13,981

0

0

0

Total noninterest expense

125,683

121,708

120,492

119,110

117,602

115,443

0

0

0

Income before income taxes

39,553

36,701

31,338

27,125

25,835

25,389

0

0

0

Income tax expense

8,023

7,481

6,364

5,496

-2,727

-3,901

0

0

0

Net income

31,530

29,220

24,974

21,629

28,562

29,290

0

0

0

EARNINGS PER SHARE [Abstract]
Basic earnings per share (in dollars per share)

0.39

0.59

0.46

0.37

0.32

0.40

0.33

0.88

0.37

Diluted earnings per share (in dollars per share)

0.38

0.57

0.45

0.37

0.32

0.40

0.33

0.88

0.37

Net income

31,530

29,220

24,974

21,629

28,562

29,290

0

0

0

Other comprehensive income:
Change in net unrealized loss on securities available for sale

22,307

4,025

12,642

9,715

4,294

-1,773

0

0

0

Change in net losses on cash flow hedges

0

-

-

-

0

-

-

-

-

Reclassification adjustment for (gain) included in net income

0

-

-

-

0

-

-

-

-

Tax effect

-3,946

-852

-2,906

-1,911

-15

596

0

0

0

Other comprehensive income

14,844

3,201

9,116

7,184

3,659

-1,797

0

0

0

Comprehensive income

46,374

32,421

34,090

28,813

32,221

27,493

0

0

0

Pro Forma [Member]
Loans, including fees

-

-

-

-

-

-

-

-

0

Taxable

-

-

-

-

-

-

-

-

0

Non taxable

-

-

-

-

-

-

-

-

0

Interest income on federal funds sold and interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts.

-

-

-

-

-

-

-

-

0

Total interest income

-

-

-

-

-

-

-

-

0

Deposits

-

-

-

-

-

-

-

-

0

Notes payable & other borrowings

-

-

-

-

-

-

-

-

0

Subordinated debt securities

-

-

-

-

-

-

-

-

0

Junior subordinated deferrable interest debentures

-

-

-

-

-

-

-

-

0

Total interest expense

-

-

-

-

-

-

-

-

0

Net interest income

-

-

-

-

-

-

-

-

0

Provision for loan losses

-

-

-

-

-

-

-

-

0

Net interest income, after provision for loan losses

-

-

-

-

-

-

-

-

0

The non-interest income earned through general service fees for monthly account maintenance and activity- or transaction-based fees, consisting of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue.

-

-

-

-

-

-

-

-

0

Income from insurance activities

-

-

-

-

-

-

-

-

0

Net gain on sales of loans

-

-

-

-

-

-

-

-

0

The non-interest income generated from bank card services and interchange fees.

-

-

-

-

-

-

-

-

0

Investment commissions

-

-

-

-

-

-

-

-

0

Other

-

-

-

-

-

-

-

-

0

Total noninterest income

-

-

-

-

-

-

-

-

0

Salaries and employee benefits

-

-

-

-

-

-

-

-

0

Occupancy and equipment, net

-

-

-

-

-

-

-

-

0

Professional services

-

-

-

-

-

-

-

-

0

Marketing and development

-

-

-

-

-

-

-

-

0

IT and data services

-

-

-

-

-

-

-

-

0

The amount of noninterest expense related to bank card expenses.

-

-

-

-

-

-

-

-

0

The amount of noninterest expense related to appraisal expenses.

-

-

-

-

-

-

-

-

0

Other

-

-

-

-

-

-

-

-

0

Total noninterest expense

-

-

-

-

-

-

-

-

0

Income before income taxes

-

-

-

-

-

-

-

-

0

Income tax (expense) benefit

-

-

-

-

-

-

0

0

0

Net income

-

-

-

-

-

-

0

0

0

Basic (in dollars per share)

-

-

-

-

-

-

0.34

0.36

0.31

Diluted (in dollars per share)

-

-

-

-

-

-

0.34

0.36

0.31

Net income

-

-

-

-

-

-

0

0

0

Change in net unrealized loss on securities available for sale

-

-

-

-

-

-

-

-

0

Tax effect

-

-

-

-

-

-

-

-

0

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

0

Comprehensive income

-

-

-

-

-

-

-

-

0