SIERRA BANCORP

For the period ended Sep 30, 2025. Filed Oct 31, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 31, 2025

BSRR$42.14+0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025, AND 2024


· · · Nine months ended September 30,
	2025		2024
Cash flows from operating activities:
Net income		$29,433		$30,196
Adjustments to reconcile net income to net cash provided by operating activities:
(Gain) loss on sales of securities		(124)		2,810
Realized gain on securities transaction		—		(66)
Loss (gain) on disposal of fixed assets		22		(3,799)
Stock based compensation expense		1,477		1,385
Provision for credit losses on loans		6,880		2,258
(Benefit) provision for credit losses on held-to-maturity securities		—		(1)
Provision for credit losses on unfunded commitments		80		130
Depreciation and amortization		1,567		1,581
Net (accretion) amortization on securities premiums and discounts		(377)		822
Net accretion of premiums/discounts for loans acquired		(201)		(152)
Increase in cash surrender value of life insurance policies		(2,069)		(2,278)
Amortization of core deposit intangible		486		619
Decrease (increase) in interest receivable and other assets		1,523		(8,690)
(Decrease) increase in other liabilities		(21,119)		8,700
Deferred income tax benefit (provision)		690		(425)
Decrease in value of restricted bank equity securities		—		293
Excise tax on stock repurchases		(111)		—
Amortization of debt issuance costs		68		67
Net amortization of variable interest entities		1,480		1,556
Net cash provided by operating activities		19,705		35,006
Cash flows from investing activities:
Maturities and calls of securities available for sale		33,965		82,070
Proceeds from sales of securities available for sale		—		233,187
Purchases of securities available for sale		(288,333)		(109,481)
Principal pay downs on securities available for sale		333,555		125,150
Loan (originations) and payments, net		(168,522)		(236,269)
Purchases of premises and equipment		(1,080)		(905)
Proceeds from sale of premises and equipment		—		4,517
Proceeds from sales of foreclosed assets		—		2,732
Purchase of bank-owned life insurance		(150)		(491)
Purchase of split dollar life insurance policies		(15,000)		—
Investments in variable interest entities		—		(2,196)
Proceeds from BOLI death benefit		1,645		341
Net cash (used in) provided by investing activities		(103,920)		98,655
Cash flows from financing activities:
Increase in deposits		41,092		200,936
Increase (decrease) in Fed funds purchased		25,000		(130,000)
Increase (decrease) in short-term Federal Home Loan Bank advances		30,000		(150,500)
Increase in customer repurchase agreements		16,889		18,413
Cash dividends paid		(10,346)		(10,179)
Repurchase of common stock, net		(24,311)		(8,640)
Stock options exercised		728		504
Net cash provided by (used in) financing activities		79,052		(79,466)

(Decrease) increase in cash and cash equivalents		(5,163)		54,195
Cash and cash equivalents
Beginning of period		100,664		78,602
End of period		$95,501		$132,797
Supplemental disclosure of cash flow information:
Interest paid		$39,656		$37,173
Income taxes paid		$8,483		$7,871
Supplemental schedule of noncash investing and financing activities:
Real estate acquired through foreclosure		$1,839		$2,732

SIERRA BANCORP

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.