SIERRA BANCORP

For the period ended Mar 31, 2024. Filed May 6, 2024.

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, 2024 · Filed May 6, 2024

BSRR$41.42-1.3%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

(dollars in thousands)


· March 31, 2024 · December 31, 2023
ASSETS · · (unaudited) · · (audited)
Cash and due from banks	$70,908	$73,721
Interest-bearing deposits in banks	48,336	4,881
Total cash & cash equivalents	119,244	78,602
Investment securities
Available-for-sale, net of zero allowance for credit losses	741,789	1,019,201
Held-to-maturity, net of allowance for credit losses of $16 and $16	316,406	320,057
Total investment securities	1,058,195	1,339,258
Loans:
Gross loans	2,156,864	2,090,075
Deferred loan costs, net	214	309
Allowance for credit losses on loans	(23,140)	(23,500)
Net loans	2,133,938	2,066,884
Premises and equipment, net	16,067	16,907
Goodwill	27,357	27,357
Other intangible assets, net	1,180	1,399
Bank-owned life insurance	52,977	51,572
Other assets	144,114	147,820
Total assets	$3,553,072	$3,729,799

LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits:
Noninterest-bearing	$968,996	$1,020,772
Interest-bearing	1,878,008	1,740,451
Total deposits	2,847,004	2,761,223
Repurchase agreements	121,851	107,121
Other borrowings	80,000	360,500
Long-term debt	49,326	49,304
Subordinated debentures	35,704	35,660
Allowance for credit losses on unfunded loan commitments	540	510
Other liabilities	73,553	77,384
Total liabilities	3,207,978	3,391,702

Commitments and contingent liabilities (Note 7)

Shareholders' equity
Common stock, no par value; 24,000,000 shares authorized; 14,645,298 and 15,170,372 shares issued and outstanding at March 31, 2024, and December 31, 2023, respectively	109,295	110,446
Additional paid-in capital	4,815	4,581
Retained earnings	262,906	259,050
Accumulated other comprehensive loss, net	(31,922)	(35,980)
Total shareholders' equity	345,094	338,097
Total liabilities and shareholders' equity	$3,553,072	$3,729,799

ContentsView on SEC.gov

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