SIERRA BANCORP

For the period ended Mar 31, 2026. Filed May 1, 2026.

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.

Mar 31, 2026 · Filed May 1, 2026

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

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Contents

Consolidated Statements of Cash Flows

FOR THE THREE MONTHS ENDED MARCH 31, 2026, AND 2025


· · · Three months ended March 31,
· · 2026 · · 2025
Cash flows from operating activities:
Net income	$12,520	$9,101
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of securities	—	(122)
(Gain) loss on disposal of fixed assets	(360)	2
Stock based compensation expense	494	502
Provision for credit losses on loans	77	1,961
(Benefit) provision for credit losses on held-to-maturity securities	(1)	—
(Benefit) provision for credit losses on unfunded commitments	(50)	110
Depreciation and amortization	496	521
Net accretion on securities premiums and discounts	(324)	(58)
Net accretion of premiums/discounts for loans acquired	(19)	(134)
(Increase) decrease in cash surrender value of life insurance policies	(40)	265
Amortization of core deposit intangible	39	162
Decrease (increase) in interest receivable and other assets	643	(1,268)
(Decrease) increase in other liabilities	(2,384)	28,968
Deferred income tax benefit	(145)	(155)
Increase in value of restricted bank equity securities	(602)	—
Amortization of debt issuance costs	23	23
Net amortization of variable interest entities	698	747
Net cash provided by operating activities	11,065	40,625
Cash flows from investing activities:
Maturities and calls of debt securities available-for-sale	12,000	5,000
Purchases of debt securities available-for-sale	(13,510)	(161,363)
Principal paydowns on debt securities available-for-sale	9,118	195,428
Principal paydowns on debt securities held-to-maturity	3,381	3,558
Loan (originations) and payments, net	79,763	25,164
Purchases of premises and equipment	(83)	(385)
Proceeds from sale of premises and equipment	518	—
Proceeds from sales of foreclosed assets	1,565	—
Purchase of bank-owned life insurance	(47)	(101)
Liquidation of bank-owned life insurance	104	—
Proceeds from BOLI death benefit	578	334
Net cash provided by investing activities	93,387	67,635
Cash flows from financing activities:
Increase (decrease) in deposits	49,370	(41,784)
Decrease in Fed funds purchased	(80,000)	—
Decrease in short-term Federal Home Loan Bank advances	(12,700)	—
Repayments on Federal Home Loan Bank advances and other debt	(25,000)	—
(Decrease) increase in customer repurchase agreements	(3,042)	9,896
Cash dividends paid	(3,433)	(3,514)
Repurchase of common stock, net	(9,923)	(14,293)
Stock options exercised	1,020	482
Net cash used in financing activities	(83,708)	(49,213)

Increase in cash and cash equivalents	20,744	59,047
Cash and cash equivalents
Beginning of period	135,628	100,664
End of period	$156,372	$159,711
Supplemental disclosure of cash flow information:
Interest paid	$12,950	$15,212
Supplemental schedule of noncash investing and financing activities:
Loans provided for sales of real estate owned	$1,000	$—
Right-of-use assets obtained in exchange for new lease liabilities	$573	$88

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.