SIERRA BANCORP
For the period ended Mar 31, 2024. Filed May 6, 2024.
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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$42.14+0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income (Loss)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three months ended March 31, | ||||||
| · 2024 · 2023 | ||||||
| Net income | | $9,330 | | $8,751 | ||
| Other comprehensive gain, before tax: | | | | | | |
| Unrealized gain on securities: | | | | | | |
| Unrealized holding gain arising during period | | | 2,877 | | | 756 |
| Less: reclassification adjustment for losses (gains) included in net income (1) | | | 2,883 | | | (45) |
| Other comprehensive gain, before tax | | | 5,760 | | | 711 |
| Income tax expense related to items of other comprehensive gain | | | (1,702) | | | (210) |
| Other comprehensive gain, net of tax: | | | 4,058 | | | 501 |
| Comprehensive income | | $13,388 | | $9,252 | ||
| (1) | Amounts are included in net gains on investment securities available-for-sale on the Consolidated Statements of Income in noninterest income. Income tax expenses associated with the reclassification adjustment for the three months ended March 31, 2024, and 2023, was $0.8 million and $0.01 million, respectively. |
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