SIERRA BANCORP
For the period ended Jun 30, 2024. Filed Aug 5, 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.
Jun 30, 2024 · Filed Aug 5, 2024
BSRR$41.42-1.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes In Shareholders’ Equity
FOR THE THREE MONTHS ENDED JUNE 30, 2024, and 2023
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · Accumulated · · · | |||||||||||||||||
| · · · · · · · Additional · · · · · Other · · · | |||||||||||||||||
| · · Common Stock · · Paid In · · Retained · · Comprehensive · · Shareholders' | |||||||||||||||||
| · Shares · Amount · Capital · Earnings · Loss · Equity | |||||||||||||||||
| Balance, March 31, 2023 | | 15,050,740 | | $111,801 | | $4,561 | | $246,723 | | $(56,075) | | $307,010 | |||||
| Net income | | — | | | — | | | — | | | 9,919 | | | — | | | 9,919 |
| Other comprehensive loss, net of tax | | — | | | — | | | — | | | — | | | (436) | | | (436) |
| Restricted stock forfeited / cancelled | | (3,856) | | | — | | | — | | | — | | | — | | | — |
| Restricted stock vested in period | | — | | | 80 | | | (80) | | | — | | | — | | | — |
| Stock-based compensation - stock options | | — | | | — | | | 17 | | | — | | | — | | | 17 |
| Stock-based compensation - restricted stock | | — | | | — | | | 389 | | | — | | | — | | | 389 |
| Stock repurchased | | (235,148) | | | (1,746) | | | — | | | (2,064) | | | — | | | (3,810) |
| Excise tax on stock repurchased | | — | | | (38) | | | — | | | — | | | — | | | (38) |
| Cash dividends - $0.23 per share | | — | | | — | | | — | | | (3,459) | | | — | | | (3,459) |
| Balance, June 30, 2023 | | 14,811,736 | | $110,097 | | $4,887 | | $251,119 | | $(56,511) | | $309,592 | |||||
| | | | | | | | | | | | | | | | | | |
| Balance, March 31, 2024 | | 14,645,298 | | $109,295 | | $4,815 | | $262,906 | | $(31,922) | | $345,094 | |||||
| Net income | | — | | | — | | | — | | | 10,263 | | | — | | | 10,263 |
| Other comprehensive gain, net of tax | | — | | | — | | | — | | | — | | | 1,199 | | | 1,199 |
| Restricted stock forfeited / cancelled | | (257) | | | — | | | — | | | — | | | — | | | — |
| Stock-based compensation - stock options | | — | | | — | | | 11 | | | — | | | — | | | 11 |
| Stock-based compensation - restricted stock | | — | | | — | | | 510 | | | — | | | — | | | 510 |
| Stock repurchased | | (178,168) | | | (1,329) | | | — | | | (2,339) | | | — | | | (3,668) |
| Excise tax on stock repurchased | | — | | | (37) | | | — | | | — | | | — | | | (37) |
| Cash dividends - $0.23 per share | | — | | | — | | | — | | | (3,352) | | | — | | | (3,352) |
| Balance, June 30, 2024 | | 14,466,873 | | $107,929 | | $5,336 | | $267,478 | | $(30,723) | | $350,020 | |||||
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · Accumulated · · · | |||||||||||||||||
| · · · · · · · Additional · · · · · Other · · · | |||||||||||||||||
| · · Common Stock · · Paid In · · Retained · · Comprehensive · · Shareholders' | |||||||||||||||||
| · Shares · Amount · Capital · Earnings · Loss · Equity | |||||||||||||||||
| Balance, December 31, 2022 | | 15,170,372 | | $112,928 | | $4,148 | | $243,082 | | $(56,576) | | $303,582 | |||||
| Net income | | — | | | — | | | — | | | 18,670 | | | — | | | 18,670 |
| Other comprehensive gain, net of tax | | — | | | — | | | — | | | — | | | 65 | | | 65 |
| Restricted stock granted | | 29,064 | | | — | | | — | | | — | | | — | | | — |
| Restricted stock surrendered due to employee tax liability | | (1,764) | | | (13) | | | — | | | (23) | | | — | | | (36) |
| Restricted stock forfeited / cancelled | | (4,370) | | | — | | | — | | | — | | | — | | | — |
| Restricted stock vested in period | | — | | | 80 | | | (80) | | | — | | | — | | | — |
| Stock-based compensation - stock options | | — | | | — | | | 37 | | | — | | | — | | | 37 |
| Stock-based compensation - restricted stock | | — | | | — | | | 782 | | | — | | | — | | | 782 |
| Stock repurchased | | (381,566) | | | (2,834) | | | — | | | (3,656) | | | — | | | (6,490) |
| Excise tax on stock repurchased | | — | | | (64) | | | — | | | — | | | — | | | (64) |
| Cash dividends - $0.46 per share | | — | | | — | | | — | | | (6,954) | | | — | | | (6,954) |
| Balance, June 30, 2023 | | 14,811,736 | | $110,097 | | $4,887 | | $251,119 | | $(56,511) | | $309,592 | |||||
| | | | | | | | | | | | | | | | | | |
| Balance, December 31, 2023 | | 14,793,832 | | $110,446 | | $4,581 | | $259,050 | | $(35,980) | | $338,097 | |||||
| Net income | | — | | | — | | | — | | | 19,593 | | | — | | | 19,593 |
| Other comprehensive gain, net of tax | | — | | | — | | | — | | | — | | | 5,257 | | | 5,257 |
| Restricted stock granted | | 36,114 | | | — | | | — | | | — | | | — | | | — |
| Restricted shares withheld for taxes | | (5,062) | | | (38) | | | — | | | (64) | | | — | | | (102) |
| Restricted stock forfeited / cancelled | | (906) | | | — | | | — | | | — | | | — | | | — |
| Restricted stock vested in period | | — | | | 253 | | | (253) | | | — | | | — | | | — |
| Stock-based compensation - stock options | | — | | | — | | | 25 | | | — | | | — | | | 25 |
| Stock-based compensation - restricted stock | | — | | | — | | | 983 | | | — | | | — | | | 983 |
| Stock repurchased | | (357,105) | | | (2,663) | | | — | | | (4,353) | | | — | | | (7,016) |
| Excise tax on stock repurchased | | — | | | (69) | | | — | | | — | | | — | | | (69) |
| Cash dividends - $0.46 per share | | — | | | — | | | — | | | (6,748) | | | — | | | (6,748) |
| Balance, June 30, 2024 | | 14,466,873 | | $107,929 | | $5,336 | | $267,478 | | $(30,723) | | $350,020 | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.