South Plains Financial, Inc. Announces Net Charge-Offs for the Fourth Quarter of 2020
January 27, 2021 at 04:10 pm
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South Plains Financial, Inc. announced net charge-offs for the fourth quarter of 2020. For the quarter, the company announced net charge-offs to average loans outstanding was 0.11% compared to 0.10% for the third quarter of 2020 and 0.17% for the fourth quarter of 2019.
South Plains Financial, Inc. is the bank holding company for City Bank (the Bank). The Bank is an independent bank in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. The Bank provides a range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. The Banks principal business activities include commercial and retail banking, along with investment, trust, and mortgage services. The Bank is primarily involved in real estate, commercial, agricultural and consumer lending activities with customers throughout Texas and Eastern New Mexico. The Bank operates about 25 full-service banking locations across seven geographic markets. The Bank also operates about eight loan production offices both in its banking markets and in certain key areas in Texas that focus on mortgage loan origination.
SOUTH PLAINS FINANCIAL, INC. 
