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  "documentTitle": "South Plains Financial | Investor Presentation Deck | 35 slides",
  "authorId": "south-plains-financial",
  "authorName": "South Plains Financial",
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  "presentationDate": "2021-12-01 00:00:00",
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  "notes": "The slide uses a bulleted list format to present quantitative financial highlights.",
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      "text": "Note: Tangible book value per share is a non-GAAP measure. See appendix for the reconciliation to GAAP\nSource: Company documents",
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      "text": "Net income of $15.2 million, compared to $13.7 million in 2Q'21 and $16.7 million in 3Q'20\nDiluted earnings per share of $0.82, compared to $0.74 in 2Q'21 and $0.92 in 3Q'20\nAverage cost of deposits declined to 25 bps, compared to 27 bps in 2Q'21 and 34 bps in 3Q'20\nNo provision for loan losses (\"PLL\"), compared to a negative PLL of $2.0 million in 2Q'21 and a PLL of $6.1 million in 3Q'20\nLoans held for investment grew $125.6 million, or 5.5%, during the third quarter of 2021 as compared to June 30, 2021.\nNonperforming assets to total assets were 0.32%, compared to 0.37% at 6/30/21 and 0.46% at 9/30/20\nNet interest margin of 3.58%, compared to 3.42% in 2Q'21 and 3.82% in 3Q'20\nEfficiency ratio was 66.45%, compared to 70.52% in 2Q'21 and 56.90% in 3Q'20\nTangible book value per share of $20.90, compared to $20.35 at 6/30/21 and $18.00 at 9/30/20\nReturn on average assets (annualized) of 1.61%, compared to 1.46% in 2Q'21 and 1.88% in 3Q'20",
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      "kind": "title",
      "text": "Third Quarter 2021 Highlights",
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