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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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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-03-01 00:00:00",
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  "pageNumber": 22,
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  "notes": "The slide presents a list of financial KPIs including net income, EPS, cost of deposits, loan growth, asset quality, net interest margin, efficiency ratio, book value, and ROA.",
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      "kind": "list",
      "text": "Net income of $14.6 million, compared to $15.2 million in 3Q’21 and $15.9 million in 4Q’20\nDiluted earnings per share of $0.79, compared to $0.82 in 3Q’21 and $0.87 in 4Q’20\nAverage cost of deposits declined to 23 bps, compared to 25 bps in 3Q’21 and 31 bps in 4Q’20\nLoans held for investment grew $8.5 million, or 0.4%, during the fourth quarter of 2021 as compared to September 30, 2021\nNonperforming assets to total assets were 0.30%, compared to 0.32% at 9/30/21 and 0.45% at 12/31/20\nNet interest margin, calculated on a tax-equivalent basis, of 3.50%, compared to 3.58% in 3Q’21 and 3.64% in 4Q’20\nEfficiency ratio was 66.07%, compared to 66.45% in 3Q’21 and 64.19% in 4Q’20\nTangible book value per share of $21.51, compared to $20.90 at 9/30/21 and $18.97 at 12/31/20\nReturn on average assets (annualized) of 1.50%, compared to 1.61% in 3Q’21 and 1.76% in 4Q’20",
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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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      "kind": "title",
      "text": "Fourth Quarter 2021 Highlights",
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      "arcName": "The Sequoia Pitch",
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