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  <xs:element name="CommonEquityTierOneRiskBasedCapitalRequiredUnderBASELIIIFullyPhasedInToRiskWeightedAssets" id="spfi_CommonEquityTierOneRiskBasedCapitalRequiredUnderBASELIIIFullyPhasedInToRiskWeightedAssets" type="xbrli:pureItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xs:element name="TierOneLeverageMinimumCapitalRequiredUnderBASELIIIFullyPhasedInToAverageAssets" id="spfi_TierOneLeverageMinimumCapitalRequiredUnderBASELIIIFullyPhasedInToAverageAssets" type="xbrli:pureItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xs:element name="CBProvenceLLCMember" id="spfi_CBProvenceLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="WindmarkInsuranceAgencyIncMember" id="spfi_WindmarkInsuranceAgencyIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="CBTBrushyCreekLLCMember" id="spfi_CBTBrushyCreekLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="SouthPlainsFinancialCapitalTrustsSPFCTIIIVMember" id="spfi_SouthPlainsFinancialCapitalTrustsSPFCTIIIVMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="BankSubsidiaryMember" id="spfi_BankSubsidiaryMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="NonBankSubsidiaryMember" id="spfi_NonBankSubsidiaryMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="CBTPropertiesLLCMember" id="spfi_CBTPropertiesLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="RuidosoRetailIncMember" id="spfi_RuidosoRetailIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="NumberOfDaysPrincipalOrInterestPaymentsArePastDueForLoansToBePlacedOnNonaccrualStatus" id="spfi_NumberOfDaysPrincipalOrInterestPaymentsArePastDueForLoansToBePlacedOnNonaccrualStatus" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="NatureOfOperationsAbstract" id="spfi_NatureOfOperationsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="SubsidiariesInformationAbstract" id="spfi_SubsidiariesInformationAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="NameOfWhollyOwnedConsolidatedSubsidiaries" id="spfi_NameOfWhollyOwnedConsolidatedSubsidiaries" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="NameOfWhollyOwnedEquityMethodSubsidiaries" id="spfi_NameOfWhollyOwnedEquityMethodSubsidiaries" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="ThresholdBalanceOfLoanToBeSpecificallyReviewedForImpairment" id="spfi_ThresholdBalanceOfLoanToBeSpecificallyReviewedForImpairment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" />
  <xs:element name="RatioOfAllowanceForLoanLossesToLoansHeldForInvestment" id="spfi_RatioOfAllowanceForLoanLossesToLoansHeldForInvestment" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xs:element name="NatureOfOperationsPolicyTextBlock" id="spfi_NatureOfOperationsPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="AcquiredLoansPolicyTextBlock" id="spfi_AcquiredLoansPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="StockIssuedDuringPeriodStockOptionsExercisedForCashlessExercise" id="spfi_StockIssuedDuringPeriodStockOptionsExercisedForCashlessExercise" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="StockIssuedDuringPeriodStockOptionsExercisedForTaxes" id="spfi_StockIssuedDuringPeriodStockOptionsExercisedForTaxes" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="ServicingAssetAtFairValueChangesInValuation" id="spfi_ServicingAssetAtFairValueChangesInValuation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" />
  <xs:element name="OtherGainLossNet" id="spfi_OtherGainLossNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" />
  <xs:element name="IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets" id="spfi_IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" />
  <xs:element name="ProceedsFromPaymentsToSaleAndMaturityOfDebtSecuritiesAvailableForSaleAbstract" id="spfi_ProceedsFromPaymentsToSaleAndMaturityOfDebtSecuritiesAvailableForSaleAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="MortgageForwardContractsMember" id="spfi_MortgageForwardContractsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="ScheduleOfSubsidiariesInformationTableTextBlock" id="spfi_ScheduleOfSubsidiariesInformationTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xs:element name="OtherNoninterestExpenseMember" id="spfi_OtherNoninterestExpenseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" id="spfi_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAggregateIntrinsicValueAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue" id="spfi_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" />
  <xs:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredIntrinsicValue" id="spfi_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredIntrinsicValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" />
  <xs:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue" id="spfi_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" />
  <xs:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodAggregateIntrinsicValue" id="spfi_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodAggregateIntrinsicValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" />
  <xs:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWeightedAverageRemainingTermAbstract" id="spfi_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWeightedAverageRemainingTermAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xs:element name="ImpairedFinancingReceivableAbstract" id="spfi_ImpairedFinancingReceivableAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
</xs:schema>
