South Plains Financial (SPFI) Investor Presentation - Slideshow

Financial Performance - Total assets reached $3712.915 million as of June 30, 2021[6] - Total loans held for investment amounted to $2303.462 million[6] - Total deposits were $3158.495 million, including $998.941 million in noninterest-bearing deposits[6] - Net income for the second quarter of 2021 was $13.650 million, with an annualized return on average assets of 1.46% and return on average equity of 14.27%[6] - The net interest margin was 3.42%, and the efficiency ratio was 70.52%[6] Asset Quality - Nonperforming loans to total loans held for investment stood at 0.54%, and nonperforming assets to total assets were 0.37%[6] - The allowance for loan losses to total loans held for investment was 1.87%[6] - Net charge-offs to average loans outstanding (annualized) was 0.01%[6] Capital and Ownership - Total stockholders' equity to total assets was 10.58%[6] - Tangible common equity to tangible assets was 9.94%[6] - Stakeholders/insiders owned approximately 39.6% of the company's shares[14] Loan Portfolio - Total loans held for investment were $2303 million in 2Q'21[61] - PPP loans totaled $114.2 million as of June 30, 2021[65]