SIERRA BANCORP
For the period ended Jun 30, 2024. Filed Aug 5, 2024.
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Jun 30, 2024 · Filed Aug 5, 2024
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Noninterest-Bearing Liabilities
OTHER NONINTEREST-BEARING LIABILITIES
Other liabilities are principally comprised of operating lease right-of-use liabilities, accrued interest payable, other accrued but unpaid expenses, and certain clearing amounts. The Company’s balance of other liabilities was $75.2 million at June 30, 2024, as compared to $77.4 million at December 31, 2023, a decrease of $2.2 million or 3%. The decrease was primarily driven by accrued payables that settled as of June 30, 2024, that were accrued for at December 31, 2023.
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