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SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Stock bonus
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SOUTH PLAINS FINANCIAL has sponsored the creation of one or more 401k plans.

Company Name:SOUTH PLAINS FINANCIAL
Employer identification number (EIN):752453320
NAIC Classification:525100
NAIC Description: Insurance and Employee Benefit Funds

Additional information about SOUTH PLAINS FINANCIAL

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1992-10-28
Company Identification Number: 0124840100
Legal Registered Office Address: PO BOX 5060

LUBBOCK
United States of America (USA)
79408

More information about SOUTH PLAINS FINANCIAL

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01ROB DEAN STEVEN CROCKETT2018-10-09
0012016-01-01ROB DEAN STEVEN CROCKETT2017-10-06
0012015-01-01ROB DEAN STEVEN CROCKETT2016-10-11
0012014-01-01ROB DEAN STEVEN CROCKETT2015-10-06
0012013-01-01ROB DEAN CORY NEWSOM2014-10-15
0012012-01-01ROB DEAN CORY NEWSOM2013-10-13
0012011-01-01ROB DEAN CORY NEWSOM2012-10-12
0012009-01-01ROB DEAN CORY NEWSOM2010-10-11
0012009-01-01ROB DEAN CORY NEWSOM2010-10-11
0012009-01-01ROB DEAN CORY NEWSOM2010-10-13
0012009-01-01ROB DEAN CORY NEWSOM2010-10-11
0012009-01-01ROB DEAN CORY NEWSOM2010-10-11
0012009-01-01ROB DEAN CORY NEWSOM2010-10-11
0012009-01-01ROB DEAN CORY NEWSOM2010-10-11

Plan Statistics for SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01769
Total number of active participants reported on line 7a of the Form 55002023-01-010
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-010
Number of participants with account balances2023-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01880
Total number of active participants reported on line 7a of the Form 55002022-01-01432
Number of retired or separated participants receiving benefits2022-01-01114
Number of other retired or separated participants entitled to future benefits2022-01-01224
Total of all active and inactive participants2022-01-01770
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01770
Number of participants with account balances2022-01-01758
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01968
Total number of active participants reported on line 7a of the Form 55002021-01-01541
Number of retired or separated participants receiving benefits2021-01-01115
Number of other retired or separated participants entitled to future benefits2021-01-01221
Total of all active and inactive participants2021-01-01877
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-013
Total participants2021-01-01880
Number of participants with account balances2021-01-01867
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,032
Total number of active participants reported on line 7a of the Form 55002020-01-01670
Number of retired or separated participants receiving benefits2020-01-0180
Number of other retired or separated participants entitled to future benefits2020-01-01214
Total of all active and inactive participants2020-01-01964
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01964
Number of participants with account balances2020-01-01952
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0175
2019: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01753
Total number of active participants reported on line 7a of the Form 55002019-01-01606
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0162
Total of all active and inactive participants2019-01-01668
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01668
Number of participants with account balances2019-01-01596
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0159
2018: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,054
Total number of active participants reported on line 7a of the Form 55002018-01-01689
Number of retired or separated participants receiving benefits2018-01-01192
Number of other retired or separated participants entitled to future benefits2018-01-01207
Total of all active and inactive participants2018-01-011,088
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-011,088
Number of participants with account balances2018-01-011,087
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0152
2017: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011,060
Total number of active participants reported on line 7a of the Form 55002017-01-01625
Number of retired or separated participants receiving benefits2017-01-01212
Number of other retired or separated participants entitled to future benefits2017-01-01209
Total of all active and inactive participants2017-01-011,046
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-014
Total participants2017-01-011,050
Number of participants with account balances2017-01-011,048
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0152
2016: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011,063
Total number of active participants reported on line 7a of the Form 55002016-01-01612
Number of retired or separated participants receiving benefits2016-01-01215
Number of other retired or separated participants entitled to future benefits2016-01-01225
Total of all active and inactive participants2016-01-011,052
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-014
Total participants2016-01-011,056
Number of participants with account balances2016-01-011,054
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0167
2015: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011,013
Total number of active participants reported on line 7a of the Form 55002015-01-01638
Number of retired or separated participants receiving benefits2015-01-01218
Number of other retired or separated participants entitled to future benefits2015-01-01190
Total of all active and inactive participants2015-01-011,046
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-014
Total participants2015-01-011,050
Number of participants with account balances2015-01-011,048
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0172
2014: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-011,074
Total number of active participants reported on line 7a of the Form 55002014-01-01605
Number of retired or separated participants receiving benefits2014-01-01229
Number of other retired or separated participants entitled to future benefits2014-01-01171
Total of all active and inactive participants2014-01-011,005
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-011,006
Number of participants with account balances2014-01-011,002
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0157
2013: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-011,114
Total number of active participants reported on line 7a of the Form 55002013-01-01565
Number of retired or separated participants receiving benefits2013-01-01335
Number of other retired or separated participants entitled to future benefits2013-01-01171
Total of all active and inactive participants2013-01-011,071
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-011,072
Number of participants with account balances2013-01-011,069
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0164
2012: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,045
Total number of active participants reported on line 7a of the Form 55002012-01-01555
Number of retired or separated participants receiving benefits2012-01-01357
Number of other retired or separated participants entitled to future benefits2012-01-01199
Total of all active and inactive participants2012-01-011,111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-011,111
Number of participants with account balances2012-01-011,110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0180
2011: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,031
Total number of active participants reported on line 7a of the Form 55002011-01-01559
Number of retired or separated participants receiving benefits2011-01-01292
Number of other retired or separated participants entitled to future benefits2011-01-01186
Total of all active and inactive participants2011-01-011,037
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-011,037
Number of participants with account balances2011-01-011,035
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0171
2009: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01959
Total number of active participants reported on line 7a of the Form 55002009-01-01636
Number of retired or separated participants receiving benefits2009-01-01142
Number of other retired or separated participants entitled to future benefits2009-01-01199
Total of all active and inactive participants2009-01-01977
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01977
Number of participants with account balances2009-01-01972
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0186

Financial Data on SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-04-30$-4,449,261
Total unrealized appreciation/depreciation of assets2023-04-30$-4,449,261
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-04-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-04-30$0
Total income from all sources (including contributions)2023-04-30$-4,241,246
Total loss/gain on sale of assets2023-04-30$0
Total of all expenses incurred2023-04-30$69,360,390
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-04-30$69,337,771
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-04-30$0
Value of total assets at end of year2023-04-30$0
Value of total assets at beginning of year2023-04-30$73,601,636
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-04-30$22,619
Total interest from all sources2023-04-30$1,424
Total dividends received (eg from common stock, registered investment company shares)2023-04-30$206,591
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-04-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2023-04-30$0
Total dividends received from registered investment company shares (eg mutual funds)2023-04-30$5,619
Administrative expenses professional fees incurred2023-04-30$2,000
Was this plan covered by a fidelity bond2023-04-30Yes
Value of fidelity bond cover2023-04-30$4,000,000
If this is an individual account plan, was there a blackout period2023-04-30No
Were there any nonexempt tranactions with any party-in-interest2023-04-30No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-04-30No
Value of net income/loss2023-04-30$-73,601,636
Value of net assets at end of year (total assets less liabilities)2023-04-30$0
Value of net assets at beginning of year (total assets less liabilities)2023-04-30$73,601,636
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-04-30No
Were any loans by the plan or fixed income obligations due to the plan in default2023-04-30No
Were any leases to which the plan was party in default or uncollectible2023-04-30No
Investment advisory and management fees2023-04-30$1,619
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-04-30$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-04-30$1,086,128
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-04-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-04-30$1,650,535
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-04-30$1,650,535
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-04-30$1,424
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-04-30No
Was there a failure to transmit to the plan any participant contributions2023-04-30No
Has the plan failed to provide any benefit when due under the plan2023-04-30No
Assets. Invements in employer securities at end of year2023-04-30$0
Assets. Invements in employer securities at beginning of year2023-04-30$70,864,973
Income. Dividends from common stock2023-04-30$200,972
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-04-30$69,337,771
Contract administrator fees2023-04-30$19,000
Did the plan have assets held for investment2023-04-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-04-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-04-30Yes
Opinion of an independent qualified public accountant for this plan2023-04-30Unqualified
Accountancy firm name2023-04-30CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2023-04-30721396621
2022 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-810,395
Total unrealized appreciation/depreciation of assets2022-12-31$-810,395
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$342,847
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$6,933,788
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$6,894,864
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$73,601,636
Value of total assets at beginning of year2022-12-31$80,192,577
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$38,924
Total interest from all sources2022-12-31$831
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,264,939
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$40,854
Administrative expenses professional fees incurred2022-12-31$15,001
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$4,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other income not declared elsewhere2022-12-31$45
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-6,590,941
Value of net assets at end of year (total assets less liabilities)2022-12-31$73,601,636
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$80,192,577
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$8,519
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$1,086,128
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$782,130
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$1,650,535
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$1,660,306
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$1,660,306
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$831
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-112,573
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$70,864,973
Assets. Invements in employer securities at beginning of year2022-12-31$77,750,141
Income. Dividends from common stock2022-12-31$1,224,085
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$6,894,864
Contract administrator fees2022-12-31$15,404
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
2021 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$24,961,732
Total unrealized appreciation/depreciation of assets2021-12-31$24,961,732
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$25,799,474
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$5,531,735
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$5,491,819
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$80,192,577
Value of total assets at beginning of year2021-12-31$59,924,838
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$39,916
Total interest from all sources2021-12-31$842
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$857,131
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$14,787
Administrative expenses professional fees incurred2021-12-31$15,192
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$4,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$20,267,739
Value of net assets at end of year (total assets less liabilities)2021-12-31$80,192,577
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$59,924,838
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$968
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$782,130
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$565,842
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$1,660,306
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$4,850,856
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$4,850,856
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$842
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$-20,231
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$77,750,141
Assets. Invements in employer securities at beginning of year2021-12-31$54,508,140
Income. Dividends from common stock2021-12-31$842,344
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$5,491,819
Contract administrator fees2021-12-31$23,756
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2021-12-31721396621
2020 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-5,878,297
Total unrealized appreciation/depreciation of assets2020-12-31$-5,878,297
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$-5,409,488
Total loss/gain on sale of assets2020-12-31$29,814
Total of all expenses incurred2020-12-31$3,840,515
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,770,041
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$59,924,838
Value of total assets at beginning of year2020-12-31$69,174,841
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$70,474
Total interest from all sources2020-12-31$32,847
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$406,148
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$70,474
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$4,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Participant contributions at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-9,250,003
Value of net assets at end of year (total assets less liabilities)2020-12-31$59,924,838
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$69,174,841
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$565,842
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$443,856
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$4,850,856
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$6,959,416
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$6,959,416
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$32,847
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$54,508,140
Assets. Invements in employer securities at beginning of year2020-12-31$61,771,569
Income. Dividends from common stock2020-12-31$406,148
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,770,041
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$29,814
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2020-12-31721396621
2019 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$6,488,127
Total unrealized appreciation/depreciation of assets2019-12-31$6,488,127
Total transfer of assets from this plan2019-12-31$26,280,438
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$10,202,919
Total loss/gain on sale of assets2019-12-31$42,890
Total of all expenses incurred2019-12-31$5,791,642
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$5,639,394
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,179,845
Value of total assets at end of year2019-12-31$69,174,841
Value of total assets at beginning of year2019-12-31$91,044,002
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$152,248
Total interest from all sources2019-12-31$181,156
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$310,901
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$121,902
Administrative expenses professional fees incurred2019-12-31$152,248
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$4,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$907,070
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$412,257
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$472,775
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$4,411,277
Value of net assets at end of year (total assets less liabilities)2019-12-31$69,174,841
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$91,044,002
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$443,856
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$22,247,439
Interest on participant loans2019-12-31$5,419
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$6,959,416
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$10,189,001
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$10,189,001
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$175,737
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$61,771,569
Assets. Invements in employer securities at beginning of year2019-12-31$58,195,305
Contributions received in cash from employer2019-12-31$1,800,000
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from common stock2019-12-31$188,999
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$5,639,394
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$42,890
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2019-12-31721396621
2018 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$1,074,451
Total unrealized appreciation/depreciation of assets2018-12-31$1,074,451
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$10,829,240
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$5,488,264
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$5,161,626
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$4,845,448
Value of total assets at end of year2018-12-31$91,044,002
Value of total assets at beginning of year2018-12-31$85,703,026
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$326,638
Total interest from all sources2018-12-31$125,825
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$7,355,013
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,256,125
Administrative expenses professional fees incurred2018-12-31$326,638
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$4,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$2,466,793
Participant contributions at end of year2018-12-31$412,257
Participant contributions at beginning of year2018-12-31$407,626
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$378,655
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$5,340,976
Value of net assets at end of year (total assets less liabilities)2018-12-31$91,044,002
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$85,703,026
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$22,247,439
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$22,620,839
Interest on participant loans2018-12-31$22,562
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$10,189,001
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$5,553,707
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$5,553,707
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$103,263
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-2,571,497
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$58,195,305
Assets. Invements in employer securities at beginning of year2018-12-31$57,120,854
Contributions received in cash from employer2018-12-31$2,000,000
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$0
Income. Dividends from common stock2018-12-31$6,098,888
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$5,161,626
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2018-12-31721396621
2017 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$6,352,615
Total unrealized appreciation/depreciation of assets2017-12-31$6,352,615
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$680,777
Expenses. Interest paid2017-12-31$349,638
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$349,638
Total income from all sources (including contributions)2017-12-31$15,061,931
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$3,913,141
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,563,503
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$4,168,864
Value of total assets at end of year2017-12-31$85,703,026
Value of total assets at beginning of year2017-12-31$75,235,013
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$49,677
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$2,453,059
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$847,895
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$4,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$2,228,183
Participant contributions at end of year2017-12-31$407,626
Participant contributions at beginning of year2017-12-31$278,366
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$240,681
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$-41
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$4,398
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$11,148,790
Value of net assets at end of year (total assets less liabilities)2017-12-31$85,703,026
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$74,554,236
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$22,620,839
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$18,223,246
Interest on participant loans2017-12-31$15,493
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$5,553,707
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$5,484,309
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$5,484,309
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$34,184
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,037,716
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$57,120,854
Assets. Invements in employer securities at beginning of year2017-12-31$50,774,092
Contributions received in cash from employer2017-12-31$1,700,000
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$475,000
Income. Dividends from common stock2017-12-31$1,605,164
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,563,544
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Liabilities. Value of acquisition indebtedness at end of year2017-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$676,379
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31LAM & COMPANY
Accountancy firm EIN2017-12-31462826299
2016 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$9,145,405
Total unrealized appreciation/depreciation of assets2016-12-31$9,145,405
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$680,777
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$1,361,082
Expenses. Interest paid2016-12-31$21,220
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$21,220
Total income from all sources (including contributions)2016-12-31$15,714,000
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$2,744,387
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,409,227
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$3,834,486
Value of total assets at end of year2016-12-31$75,235,013
Value of total assets at beginning of year2016-12-31$62,945,705
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$313,940
Total interest from all sources2016-12-31$27,587
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,812,693
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$518,354
Administrative expenses professional fees incurred2016-12-31$313,940
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$4,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$2,162,619
Participant contributions at end of year2016-12-31$278,366
Participant contributions at beginning of year2016-12-31$233,500
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$71,867
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$19,392
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$4,398
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$7,967
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$12,969,613
Value of net assets at end of year (total assets less liabilities)2016-12-31$74,554,236
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$61,584,623
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$18,223,246
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$16,355,994
Interest on participant loans2016-12-31$10,924
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$5,484,309
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$4,708,060
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$4,708,060
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$16,663
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$893,829
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$50,774,092
Assets. Invements in employer securities at beginning of year2016-12-31$41,628,759
Contributions received in cash from employer2016-12-31$1,600,000
Employer contributions (assets) at end of year2016-12-31$475,000
Employer contributions (assets) at beginning of year2016-12-31$0
Income. Dividends from common stock2016-12-31$1,294,339
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,409,227
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Liabilities. Value of acquisition indebtedness at end of year2016-12-31$676,379
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$1,353,115
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31LAM & COMPANY
Accountancy firm EIN2016-12-31462826299
2015 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$4,922,488
Total unrealized appreciation/depreciation of assets2015-12-31$4,922,488
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,361,082
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$2,041,627
Expenses. Interest paid2015-12-31$38,092
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$38,092
Total income from all sources (including contributions)2015-12-31$9,813,311
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$3,187,566
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$2,865,798
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$3,510,081
Value of total assets at end of year2015-12-31$62,945,705
Value of total assets at beginning of year2015-12-31$57,000,505
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$283,676
Total interest from all sources2015-12-31$13,225
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,458,491
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$14,228
Administrative expenses professional fees incurred2015-12-31$74,965
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$4,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,971,286
Participant contributions at end of year2015-12-31$233,500
Participant contributions at beginning of year2015-12-31$228,286
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$88,795
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$19,392
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$7,967
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$11,776
Other income not declared elsewhere2015-12-31$471
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$6,625,745
Value of net assets at end of year (total assets less liabilities)2015-12-31$61,584,623
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$54,958,878
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$16,355,994
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$15,960,765
Interest on participant loans2015-12-31$9,072
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$4,708,060
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$2,771,935
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$2,771,935
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$4,153
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-91,445
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$41,628,759
Assets. Invements in employer securities at beginning of year2015-12-31$36,706,270
Contributions received in cash from employer2015-12-31$1,450,000
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$1,333,249
Income. Dividends from common stock2015-12-31$1,444,263
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$2,865,798
Contract administrator fees2015-12-31$208,711
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Liabilities. Value of acquisition indebtedness at end of year2015-12-31$1,353,115
Liabilities. Value of acquisition indebtedness at beginning of year2015-12-31$2,029,851
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31LAM & COMPANY
Accountancy firm EIN2015-12-31462826299
2014 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$3,947,985
Total unrealized appreciation/depreciation of assets2014-12-31$3,947,985
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$2,041,627
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$2,722,516
Expenses. Interest paid2014-12-31$56,359
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-12-31$56,359
Total income from all sources (including contributions)2014-12-31$8,576,622
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,966,200
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,616,535
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$3,137,490
Value of total assets at end of year2014-12-31$57,000,505
Value of total assets at beginning of year2014-12-31$52,070,972
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$293,306
Total interest from all sources2014-12-31$12,635
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,724,518
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$924,926
Administrative expenses professional fees incurred2014-12-31$78,265
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$4,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,668,579
Participant contributions at end of year2014-12-31$228,286
Participant contributions at beginning of year2014-12-31$253,908
Participant contributions at beginning of year2014-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$93,911
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$4
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$11,776
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$15,929
Other income not declared elsewhere2014-12-31$1,885
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$5,610,422
Value of net assets at end of year (total assets less liabilities)2014-12-31$54,958,878
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$49,348,456
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$15,960,765
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$15,023,202
Interest on participant loans2014-12-31$10,879
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$2,771,935
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$2,716,254
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$2,716,254
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$1,756
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-247,891
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$36,706,270
Assets. Invements in employer securities at beginning of year2014-12-31$32,758,284
Contributions received in cash from employer2014-12-31$1,375,000
Employer contributions (assets) at end of year2014-12-31$1,333,249
Employer contributions (assets) at beginning of year2014-12-31$1,319,320
Income. Dividends from common stock2014-12-31$799,592
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,616,535
Contract administrator fees2014-12-31$215,041
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Liabilities. Value of acquisition indebtedness at end of year2014-12-31$2,029,851
Liabilities. Value of acquisition indebtedness at beginning of year2014-12-31$2,706,587
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31LAM & COMPANY
Accountancy firm EIN2014-12-31462826299
2013 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$6,971,443
Total unrealized appreciation/depreciation of assets2013-12-31$6,971,443
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$2,722,516
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$3,403,068
Expenses. Interest paid2013-12-31$73,819
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$73,819
Total income from all sources (including contributions)2013-12-31$12,984,393
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$2,517,513
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$2,203,868
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$3,075,601
Value of total assets at end of year2013-12-31$52,070,972
Value of total assets at beginning of year2013-12-31$42,284,644
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$239,826
Total interest from all sources2013-12-31$13,551
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,885,412
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$504,117
Administrative expenses professional fees incurred2013-12-31$35,729
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$4,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,570,373
Participant contributions at end of year2013-12-31$253,908
Participant contributions at beginning of year2013-12-31$277,648
Participant contributions at beginning of year2013-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$130,228
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$4
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$5
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$15,929
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$19,745
Other income not declared elsewhere2013-12-31$917
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$10,466,880
Value of net assets at end of year (total assets less liabilities)2013-12-31$49,348,456
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$38,881,576
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$15,023,202
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$13,339,052
Interest on participant loans2013-12-31$11,539
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$2,716,254
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$2,175,638
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$2,175,638
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$2,012
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,037,469
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$32,758,284
Assets. Invements in employer securities at beginning of year2013-12-31$25,786,842
Contributions received in cash from employer2013-12-31$1,375,000
Employer contributions (assets) at end of year2013-12-31$1,319,320
Employer contributions (assets) at beginning of year2013-12-31$705,459
Income. Dividends from common stock2013-12-31$1,381,295
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$2,203,868
Contract administrator fees2013-12-31$204,097
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Liabilities. Value of acquisition indebtedness at end of year2013-12-31$2,706,587
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$3,383,323
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31LAM & COMPANY PC
Accountancy firm EIN2013-12-31462826299
2012 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$8,145,843
Total unrealized appreciation/depreciation of assets2012-12-31$8,145,843
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$3,403,068
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$4,690,619
Expenses. Interest paid2012-12-31$94,132
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$94,132
Total income from all sources (including contributions)2012-12-31$13,276,020
Total loss/gain on sale of assets2012-12-31$797,101
Total of all expenses incurred2012-12-31$1,607,118
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,292,749
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,938,739
Value of total assets at end of year2012-12-31$42,284,644
Value of total assets at beginning of year2012-12-31$31,903,293
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$220,237
Total interest from all sources2012-12-31$88,585
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$479,540
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$479,540
Administrative expenses professional fees incurred2012-12-31$36,705
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$4,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,456,390
Participant contributions at end of year2012-12-31$277,648
Participant contributions at beginning of year2012-12-31$369,901
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$48,609
Assets. Other investments not covered elsewhere at end of year2012-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$1,037,000
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$107,349
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$5
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$10,545
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$19,745
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$30,739
Other income not declared elsewhere2012-12-31$3,298
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$11,668,902
Value of net assets at end of year (total assets less liabilities)2012-12-31$38,881,576
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$27,212,674
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$13,339,052
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$11,338,989
Interest on participant loans2012-12-31$14,093
Interest earned on other investments2012-12-31$73,558
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$2,175,638
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$144,764
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$144,764
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$934
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$822,914
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$25,786,842
Assets. Invements in employer securities at beginning of year2012-12-31$17,640,999
Contributions received in cash from employer2012-12-31$1,375,000
Employer contributions (assets) at end of year2012-12-31$705,459
Employer contributions (assets) at beginning of year2012-12-31$1,312,486
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,292,749
Contract administrator fees2012-12-31$183,532
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$1,834,101
Aggregate carrying amount (costs) on sale of assets2012-12-31$1,037,000
Liabilities. Value of acquisition indebtedness at end of year2012-12-31$3,383,323
Liabilities. Value of acquisition indebtedness at beginning of year2012-12-31$4,659,880
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31LAM & COMPANY PC
Accountancy firm EIN2012-12-31462826299
2011 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-1,033,811
Total unrealized appreciation/depreciation of assets2011-12-31$-1,033,811
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$4,690,619
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$5,977,655
Expenses. Interest paid2011-12-31$145,110
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$145,110
Total income from all sources (including contributions)2011-12-31$1,948,890
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,968,585
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,612,554
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,842,578
Value of total assets at end of year2011-12-31$31,903,293
Value of total assets at beginning of year2011-12-31$33,210,024
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$210,921
Total interest from all sources2011-12-31$84,732
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$285,543
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$285,543
Administrative expenses professional fees incurred2011-12-31$31,687
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$4,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,405,734
Participant contributions at end of year2011-12-31$369,901
Participant contributions at beginning of year2011-12-31$367,935
Participant contributions at end of year2011-12-31$48,609
Participant contributions at beginning of year2011-12-31$42,824
Assets. Other investments not covered elsewhere at end of year2011-12-31$1,037,000
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$721,500
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$14,145
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$10,545
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$11,403
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$30,739
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$40,519
Other income not declared elsewhere2011-12-31$-750
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-19,695
Value of net assets at end of year (total assets less liabilities)2011-12-31$27,212,674
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$27,232,369
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$85,812
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$11,338,989
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$11,548,032
Interest on participant loans2011-12-31$14,367
Interest earned on other investments2011-12-31$69,964
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$144,764
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,528,020
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,528,020
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$401
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-229,402
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$17,640,999
Assets. Invements in employer securities at beginning of year2011-12-31$18,990,310
Contributions received in cash from employer2011-12-31$1,422,699
Employer contributions (assets) at end of year2011-12-31$1,312,486
Employer contributions (assets) at beginning of year2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,612,554
Contract administrator fees2011-12-31$93,422
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Liabilities. Value of acquisition indebtedness at end of year2011-12-31$4,659,880
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$5,937,136
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31LAM VINSON & COMPANY LLP
Accountancy firm EIN2011-12-31200303695
2010 : SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$-7,510,050
Total unrealized appreciation/depreciation of assets2010-12-31$-7,510,050
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$5,977,655
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$7,268,539
Expenses. Interest paid2010-12-31$194,105
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$194,105
Total income from all sources (including contributions)2010-12-31$-3,230,113
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,761,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,360,277
Value of total corrective distributions2010-12-31$10,063
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,050,663
Value of total assets at end of year2010-12-31$33,210,024
Value of total assets at beginning of year2010-12-31$40,492,081
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$196,615
Total interest from all sources2010-12-31$15,575
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$801,239
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$341,474
Administrative expenses professional fees incurred2010-12-31$45,581
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$4,000,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,363,806
Participant contributions at end of year2010-12-31$367,935
Participant contributions at beginning of year2010-12-31$204,282
Participant contributions at end of year2010-12-31$42,824
Participant contributions at beginning of year2010-12-31$4,702
Assets. Other investments not covered elsewhere at end of year2010-12-31$721,500
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$721,500
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$128,606
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$11,403
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$40,519
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$52,754
Other income not declared elsewhere2010-12-31$-587
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-5,991,173
Value of net assets at end of year (total assets less liabilities)2010-12-31$27,232,369
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$33,223,542
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$78,725
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$11,548,032
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$10,388,936
Interest on participant loans2010-12-31$13,991
Interest earned on other investments2010-12-31$124
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,528,020
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$325,258
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$325,258
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1,460
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$413,047
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$18,990,310
Assets. Invements in employer securities at beginning of year2010-12-31$26,736,358
Contributions received in cash from employer2010-12-31$1,558,251
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$2,111,045
Income. Dividends from common stock2010-12-31$459,765
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,360,277
Contract administrator fees2010-12-31$72,309
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Liabilities. Value of benefit claims payable at end of year2010-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$1,920
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Liabilities. Value of acquisition indebtedness at end of year2010-12-31$5,937,136
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$7,213,865
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31LAM VINSON & COMPANY LLP
Accountancy firm EIN2010-12-31200303695

Form 5500 Responses for SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingYes
2023-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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