401k Plan data: CITY BANK 401(K) PLAN plan

CITY BANK 401(K) PLAN 401k Plan overview

Plan Name	CITY BANK 401(K) PLAN
Plan identification number	002

CITY BANK 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITY BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2024-01-01 ROB DEAN
002 2023-01-01
002 2023-01-01 ROB DEAN
002 2022-01-01
002 2022-01-01 ROB DEAN
002 2021-01-01
002 2021-01-01 ROB DEAN
002 2020-01-01
002 2019-05-09

Plan Statistics for CITY BANK 401(K) PLAN

401k plan membership statisitcs for CITY BANK 401(K) PLAN

Measure Date Value
2023: CITY BANK 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 856
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 600
Number of retired or separated participants receiving benefits 2023-01-01 28
Number of other retired or separated participants entitled to future benefits 2023-01-01 177
Total of all active and inactive participants 2023-01-01 805
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 805
Number of participants with account balances 2023-01-01 656
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: CITY BANK 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 851
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 652
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 199
Total of all active and inactive participants 2022-01-01 851
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 852
Number of participants with account balances 2022-01-01 717
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CITY BANK 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 853
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 653
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 179
Total of all active and inactive participants 2021-01-01 832
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 832
Number of participants with account balances 2021-01-01 736
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: CITY BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 897
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 668
Number of retired or separated participants receiving benefits 2020-01-01 64
Number of other retired or separated participants entitled to future benefits 2020-01-01 117
Total of all active and inactive participants 2020-01-01 849
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 849
Number of participants with account balances 2020-01-01 753
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: CITY BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-05-09 1,151
Total number of active participants reported on line 7a of the Form 5500 2019-05-09 704
Number of retired or separated participants receiving benefits 2019-05-09 38
Number of other retired or separated participants entitled to future benefits 2019-05-09 161
Total of all active and inactive participants 2019-05-09 903
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-05-09 0
Total participants 2019-05-09 903
Number of participants with account balances 2019-05-09 786
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-05-09 34

Measure	Date	Value
2023: CITY BANK 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	856
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	600
Number of retired or separated participants receiving benefits	2023-01-01	28
Number of other retired or separated participants entitled to future benefits	2023-01-01	177
Total of all active and inactive participants	2023-01-01	805
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	805
Number of participants with account balances	2023-01-01	656
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: CITY BANK 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	851
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	652
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	199
Total of all active and inactive participants	2022-01-01	851
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	852
Number of participants with account balances	2022-01-01	717
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CITY BANK 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	853
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	653
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	179
Total of all active and inactive participants	2021-01-01	832
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	832
Number of participants with account balances	2021-01-01	736
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: CITY BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	897
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	668
Number of retired or separated participants receiving benefits	2020-01-01	64
Number of other retired or separated participants entitled to future benefits	2020-01-01	117
Total of all active and inactive participants	2020-01-01	849
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	849
Number of participants with account balances	2020-01-01	753
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: CITY BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-05-09	1,151
Total number of active participants reported on line 7a of the Form 5500	2019-05-09	704
Number of retired or separated participants receiving benefits	2019-05-09	38
Number of other retired or separated participants entitled to future benefits	2019-05-09	161
Total of all active and inactive participants	2019-05-09	903
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-05-09	0
Total participants	2019-05-09	903
Number of participants with account balances	2019-05-09	786
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-05-09	34

Financial Data on CITY BANK 401(K) PLAN

Measure	Date	Value
2023 : CITY BANK 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$12,605,948
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$6,693,960
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$6,310,801
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$6,019,951
Value of total assets at end of year	2023-12-31	$45,243,590
Value of total assets at beginning of year	2023-12-31	$39,331,602
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$383,159
Total interest from all sources	2023-12-31	$25,018
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$865,202
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$865,202
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$3,336,192
Participant contributions at end of year	2023-12-31	$538,577
Participant contributions at beginning of year	2023-12-31	$415,746
Participant contributions at beginning of year	2023-12-31	$118,764
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$901,745
Administrative expenses (other) incurred	2023-12-31	$183,899
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$5,911,988
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$45,243,590
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$39,331,602
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$61,496
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$44,284,105
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$37,561,750
Interest on participant loans	2023-12-31	$25,018
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$781,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$781,460
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$5,695,777
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$1,782,014
Employer contributions (assets) at end of year	2023-12-31	$420,908
Employer contributions (assets) at beginning of year	2023-12-31	$453,882
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$6,310,801
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	CARR, RIGGS & INGRAM LLC
Accountancy firm EIN	2023-12-31	721396621
Total unrealized appreciation/depreciation of assets	2023-01-01	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-01-01	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-01-01	$0
Total income from all sources (including contributions)	2023-01-01	$12,605,948
Total loss/gain on sale of assets	2023-01-01	$0
Total of all expenses incurred	2023-01-01	$6,693,960
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-01-01	$6,310,801
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-01-01	$6,019,951
Value of total assets at end of year	2023-01-01	$45,243,590
Value of total assets at beginning of year	2023-01-01	$39,331,602
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-01-01	$383,159
Total interest from all sources	2023-01-01	$25,018
Total dividends received (eg from common stock, registered investment company shares)	2023-01-01	$865,202
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-01-01	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-01-01	$865,202
Was this plan covered by a fidelity bond	2023-01-01	Yes
Value of fidelity bond cover	2023-01-01	$4,000,000
If this is an individual account plan, was there a blackout period	2023-01-01	No
Were there any nonexempt tranactions with any party-in-interest	2023-01-01	No
Contributions received from participants	2023-01-01	$3,336,192
Participant contributions at end of year	2023-01-01	$538,577
Participant contributions at beginning of year	2023-01-01	$415,746
Participant contributions at beginning of year	2023-01-01	$118,764
Income. Received or receivable in cash from other sources (including rollovers)	2023-01-01	$901,745
Administrative expenses (other) incurred	2023-01-01	$183,899
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-01	No
Value of net income/loss	2023-01-01	$5,911,988
Value of net assets at end of year (total assets less liabilities)	2023-01-01	$45,243,590
Value of net assets at beginning of year (total assets less liabilities)	2023-01-01	$39,331,602
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-01-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-01-01	No
Were any leases to which the plan was party in default or uncollectible	2023-01-01	No
Investment advisory and management fees	2023-01-01	$61,496
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-01-01	$44,284,105
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-01-01	$37,561,750
Interest on participant loans	2023-01-01	$25,018
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-01-01	$5,695,777
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-01-01	No
Was there a failure to transmit to the plan any participant contributions	2023-01-01	No
Has the plan failed to provide any benefit when due under the plan	2023-01-01	No
Contributions received in cash from employer	2023-01-01	$1,782,014
Employer contributions (assets) at end of year	2023-01-01	$420,908
Employer contributions (assets) at beginning of year	2023-01-01	$453,882
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-01-01	$6,310,801
Did the plan have assets held for investment	2023-01-01	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-01-01	No
Opinion of an independent qualified public accountant for this plan	2023-01-01	1
Accountancy firm name	2023-01-01	CARR, RIGGS & INGRAM LLC
Accountancy firm EIN	2023-01-01	721396621
2022 : CITY BANK 401(K) PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2022-12-31	$18,843
Total unrealized appreciation/depreciation of assets	2022-12-31	$18,843
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	$-494,388
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$4,082,459
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$3,656,730
Expenses. Certain deemed distributions of participant loans	2022-12-31	$63,881
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$5,991,855
Value of total assets at end of year	2022-12-31	$39,331,602
Value of total assets at beginning of year	2022-12-31	$43,908,449
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$361,848
Total interest from all sources	2022-12-31	$20,067
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$890,436
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$890,436
Administrative expenses professional fees incurred	2022-12-31	$13,004
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$3,730,966
Participant contributions at end of year	2022-12-31	$415,746
Participant contributions at beginning of year	2022-12-31	$448,838
Participant contributions at end of year	2022-12-31	$118,764
Participant contributions at beginning of year	2022-12-31	$119,232
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$397,779
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Income. Non cash contributions	2022-12-31	$337,121
Value of net income/loss	2022-12-31	$-4,576,847
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$39,331,602
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$43,908,449
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$338,739
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$37,561,750
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$40,986,218
Interest on participant loans	2022-12-31	$20,067
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$781,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$1,521,422
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$1,521,422
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-7,415,589
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Assets. Invements in employer securities at beginning of year	2022-12-31	$378,533
Contributions received in cash from employer	2022-12-31	$1,525,989
Employer contributions (assets) at end of year	2022-12-31	$453,882
Employer contributions (assets) at beginning of year	2022-12-31	$454,206
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$3,656,730
Contract administrator fees	2022-12-31	$10,105
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CARR, RIGGS & INGRAM LLC
Accountancy firm EIN	2022-12-31	721396621
Unrealized appreciation/depreciation of other (non real estate) assets	2022-01-01	$18,843
Total unrealized appreciation/depreciation of assets	2022-01-01	$18,843
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-01-01	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-01-01	$0
Total income from all sources (including contributions)	2022-01-01	$-494,388
Total loss/gain on sale of assets	2022-01-01	$0
Total of all expenses incurred	2022-01-01	$4,082,459
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-01-01	$3,656,730
Expenses. Certain deemed distributions of participant loans	2022-01-01	$63,881
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-01-01	$5,991,855
Value of total assets at end of year	2022-01-01	$39,331,602
Value of total assets at beginning of year	2022-01-01	$43,908,449
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-01-01	$361,848
Total interest from all sources	2022-01-01	$20,067
Total dividends received (eg from common stock, registered investment company shares)	2022-01-01	$890,436
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-01-01	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-01-01	$890,436
Administrative expenses professional fees incurred	2022-01-01	$13,004
Was this plan covered by a fidelity bond	2022-01-01	Yes
Value of fidelity bond cover	2022-01-01	$4,000,000
If this is an individual account plan, was there a blackout period	2022-01-01	No
Were there any nonexempt tranactions with any party-in-interest	2022-01-01	No
Contributions received from participants	2022-01-01	$3,730,966
Participant contributions at end of year	2022-01-01	$415,746
Participant contributions at beginning of year	2022-01-01	$448,838
Participant contributions at end of year	2022-01-01	$118,764
Participant contributions at beginning of year	2022-01-01	$119,232
Income. Received or receivable in cash from other sources (including rollovers)	2022-01-01	$397,779
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-01-01	No
Income. Non cash contributions	2022-01-01	$337,121
Value of net income/loss	2022-01-01	$-4,576,847
Value of net assets at end of year (total assets less liabilities)	2022-01-01	$39,331,602
Value of net assets at beginning of year (total assets less liabilities)	2022-01-01	$43,908,449
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-01-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-01-01	No
Were any leases to which the plan was party in default or uncollectible	2022-01-01	No
Investment advisory and management fees	2022-01-01	$338,739
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-01-01	$37,561,750
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-01-01	$40,986,218
Interest on participant loans	2022-01-01	$20,067
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-01-01	$781,460
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-01-01	$-7,415,589
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-01-01	No
Was there a failure to transmit to the plan any participant contributions	2022-01-01	No
Has the plan failed to provide any benefit when due under the plan	2022-01-01	No
Assets. Invements in employer securities at beginning of year	2022-01-01	$378,533
Contributions received in cash from employer	2022-01-01	$1,525,989
Employer contributions (assets) at end of year	2022-01-01	$453,882
Employer contributions (assets) at beginning of year	2022-01-01	$454,206
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-01-01	$3,656,730
Contract administrator fees	2022-01-01	$10,105
Did the plan have assets held for investment	2022-01-01	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-01-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-01-01	No
Opinion of an independent qualified public accountant for this plan	2022-01-01	1
Accountancy firm name	2022-01-01	CARR, RIGGS & INGRAM LLC
Accountancy firm EIN	2022-01-01	721396621
2021 : CITY BANK 401(K) PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2021-12-31	$51,492
Total unrealized appreciation/depreciation of assets	2021-12-31	$51,492
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	$11,606,583
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$3,225,280
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$2,853,410
Expenses. Certain deemed distributions of participant loans	2021-12-31	$16,548
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$6,131,923
Value of total assets at end of year	2021-12-31	$43,908,449
Value of total assets at beginning of year	2021-12-31	$35,527,146
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$355,322
Total interest from all sources	2021-12-31	$22,406
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,835,099
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$1,835,099
Administrative expenses professional fees incurred	2021-12-31	$13,004
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$3,783,138
Participant contributions at end of year	2021-12-31	$448,838
Participant contributions at beginning of year	2021-12-31	$431,219
Participant contributions at end of year	2021-12-31	$119,232
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$568,756
Administrative expenses (other) incurred	2021-12-31	$169,823
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Income. Non cash contributions	2021-12-31	$445,007
Value of net income/loss	2021-12-31	$8,381,303
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$43,908,449
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$35,527,146
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$81,476
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$40,986,218
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$32,692,409
Interest on participant loans	2021-12-31	$22,406
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$1,521,422
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$730,428
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$730,428
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$3,565,663
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Assets. Invements in employer securities at end of year	2021-12-31	$378,533
Assets. Invements in employer securities at beginning of year	2021-12-31	$0
Contributions received in cash from employer	2021-12-31	$1,335,022
Employer contributions (assets) at end of year	2021-12-31	$454,206
Employer contributions (assets) at beginning of year	2021-12-31	$1,673,090
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$2,853,410
Contract administrator fees	2021-12-31	$91,019
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN	2021-12-31	721396621
2020 : CITY BANK 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
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	$10,300,775
Total loss/gain on sale of assets	2020-12-31	$567,219
Total of all expenses incurred	2020-12-31	$2,994,421
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$2,712,243
Value of total corrective distributions	2020-12-31	$8,308
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$6,078,545
Value of total assets at end of year	2020-12-31	$35,527,146
Value of total assets at beginning of year	2020-12-31	$28,220,792
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$273,870
Total interest from all sources	2020-12-31	$26,885
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$840,559
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$840,559
Administrative expenses professional fees incurred	2020-12-31	$272,674
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$3,434,216
Participant contributions at end of year	2020-12-31	$431,219
Participant contributions at beginning of year	2020-12-31	$462,134
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$971,239
Other income not declared elsewhere	2020-12-31	$0
Administrative expenses (other) incurred	2020-12-31	$1,196
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$7,306,354
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$35,527,146
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$28,220,792
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$32,692,409
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$27,186,354
Interest on participant loans	2020-12-31	$25,347
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$730,428
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$572,304
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$572,304
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$1,538
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$2,787,567
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$1,673,090
Employer contributions (assets) at end of year	2020-12-31	$1,673,090
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$2,712,243
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Aggregate proceeds on sale of assets	2020-12-31	$567,219
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN	2020-12-31	721396621
2019 : CITY BANK 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total transfer of assets to this plan	2019-12-31	$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	$4,566,958
Total loss/gain on sale of assets	2019-12-31	$456,474
Total of all expenses incurred	2019-12-31	$2,626,604
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$2,476,510
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,174,334
Value of total assets at end of year	2019-12-31	$28,220,792
Value of total assets at beginning of year	2019-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$150,094
Total interest from all sources	2019-12-31	$18,329
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$954,219
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$954,219
Administrative expenses professional fees incurred	2019-12-31	$150,094
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$1,816,407
Participant contributions at end of year	2019-12-31	$462,134
Participant contributions at beginning of year	2019-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$357,927
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$1,940,354
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$28,220,792
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$27,186,354
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$0
Interest on participant loans	2019-12-31	$18,329
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$572,304
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$963,602
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$2,476,510
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Aggregate proceeds on sale of assets	2019-12-31	$456,474
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN	2019-12-31	721396621

Form 5500 Responses for CITY BANK 401(K) PLAN

2023: CITY BANK 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: CITY BANK 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CITY BANK 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CITY BANK 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CITY BANK 401(K) PLAN 2019 form 5500 responses
2019-05-09	Type of plan entity	Single employer plan
2019-05-09	First time form 5500 has been submitted	Yes
2019-05-09	Submission has been amended	No
2019-05-09	This submission is the final filing	No
2019-05-09	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-05-09	Plan is a collectively bargained plan	No
2019-05-09	Plan funding arrangement – Trust	Yes
2019-05-09	Plan benefit arrangement - Trust	Yes

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

Plan id#	Filing Submission Date	Name of Administrator
002	2024-01-01	ROB DEAN
002	2023-01-01
002	2023-01-01	ROB DEAN
002	2022-01-01
002	2022-01-01	ROB DEAN
002	2021-01-01
002	2021-01-01	ROB DEAN
002	2020-01-01
002	2019-05-09