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  "documentTitle": "South Plains Financial | Results Presentation Deck | 23 slides",
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  "authorName": "South Plains Financial",
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  "presentationDate": "2023-04-01 00:00:00",
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      "kind": "callout",
      "text": "South Plains' Granular, Core Deposit Franchise Proved to be a Competitive Advantage in Light of the Current Banking Sector Turmoil",
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      "text": "Total deposits increased $101.6 million, or 12.0% annualized, to $3.5 billion during 1Q'23 compared to 4Q'22. Estimated uninsured deposits at City Bank comprise 17% of total deposits. SPFI had $1.75 billion of total borrowing capacity. Loans held for investment increased 5.9%, annualized, to $2.79B. Credit metrics were stable. SPFI sold Windmark Insurance Agency for $35.5 million.",
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      "text": "Organic Loan Growth 5.9% Annualized; Loans Held for Investment $2.79 B",
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      "text": "Net Interest Margin 3.75%; Average Yield on Loans 5.78%",
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      "text": "Net Income $9.2 M; EPS - Diluted $0.53",
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      "text": "Deposit Growth 12.0% Annualized; Uninsured Deposits 17%",
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      "kind": "source-note",
      "text": "Source: Company documents. (1) Net interest margin is calculated on a tax-equivalent basis. (2) The Bank defines its \"major metropolitan markets\" to include Dallas, Houston and El Paso, Texas",
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      "text": "First Quarter 2023 Highlights",
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