SIERRA BANCORP
For the period ended Mar 31, 2024. Filed May 6, 2024.
View on SEC.govAbout 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 exhibitsContents
Table of Contents
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|---|---|---|---|---|---|
| | Page | ||||
| Part I - Financial Information | 1 | ||||
| | Item 1. Financial Statements (Unaudited) | 1 | |||
| | | Consolidated Balance Sheets | 1 | ||
| | | Consolidated Statements of Income | 2 | ||
| | | Consolidated Statements of Comprehensive Income (Loss) | 3 | ||
| | | Consolidated Statements of Changes In Shareholders’ Equity | 4 | ||
| | | Consolidated Statements of Cash Flows | 5 | ||
| | | Notes to Consolidated Financial Statements (Unaudited) | 6 | ||
| | | | | | |
| | Item 2. Management’s Discussion & Analysis of Financial Condition & Results of Operations | 33 | |||
| | | Forward-Looking Statements | 33 | ||
| | | Critical Accounting Policies | 34 | ||
| | | Overview of the Results of Operations and Financial Condition | 34 | ||
| | | Earnings Performance | 36 | ||
| | | | Net Interest Income and Net Interest Margin | 36 | |
| | | | Provision for Credit Losses on Loans | 39 | |
| | | | Noninterest Income and Noninterest Expense | 40 | |
| | | | Provision for Income Taxes | 41 | |
| | | Balance Sheet Analysis | 42 | ||
| | | | Earning Assets | 42 | |
| | | | | Investments | 42 |
| | | | | Loan Portfolio | 44 |
| | | | | Nonperforming Assets | 46 |
| | | | | Allowance for Credit Losses on Loans | 46 |
| | | | | Off-Balance Sheet Arrangements | 48 |
| | | | Other Assets | 48 | |
| | | | Deposits and Interest-Bearing Liabilities | 49 | |
| | | | | Deposits | 49 |
| | | | | Other Interest-Bearing Liabilities | 49 |
| | | | Noninterest-Bearing Liabilities | 50 | |
| | | Liquidity and Market Risk Management | 50 | ||
| | | Capital Resources | 53 | ||
| | | | | | |
| | Item 3. Quantitative & Qualitative Disclosures about Market Risk | 54 | |||
| | | | | | |
| | Item 4. Controls and Procedures | 54 | |||
| | | ||||
| Part II - Other Information | 54 | ||||
| | Item 1. - Legal Proceedings | 54 | |||
| | Item 1A. - Risk Factors | 54 | |||
| | Item 2. - Unregistered Sales of Equity Securities and Use of Proceeds | 55 | |||
| | Item 3. - Defaults upon Senior Securities | 55 | |||
| | Item 4. - Mine Safety Disclosures | 55 | |||
| | Item 5. - Other Information | 55 | |||
| | Item 6. - Exhibits | 56 | |||
| | | ||||
| Signatures | 58 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.