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Midas Edge

SIERRA BANCORP

For the period ended Dec 31, 2024. Filed Mar 3, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 3, 2025

BSRR$42.14+0.5%Stored close · as of Nov 10, 2026

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

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Contents

III. Consolidated Balance Sheets – December 31, 2024 and 2023

CONSOLIDATED BALANCE SHEETS

December 31, 2024 and 2023

​​​​​​​
​20242023
ASSETS​​​​​​
Cash and due from banks​$79,616​$73,721
Interest-bearing deposits in banks​​21,048​​4,881
Total cash & cash equivalents​​100,664​​78,602
Investment securities​​​​​​
Available-for-sale, net of allowance for credit losses of zero​​655,967​​1,019,201
Held-to-maturity, net of allowance for credit losses of $15 and $16​​305,514​​320,057
Total investment securities​​961,481​​1,339,258
Loans:​​​​​​
Gross loans​​2,331,341​​2,090,075
Deferred loan costs, net​​93​​309
Allowance for credit losses on loans​​(24,830)​​(23,500)
Net loans​​2,306,604​​2,066,884
Premises and equipment, net​​15,431​​16,907
Goodwill​​27,357​​27,357
Other intangible assets, net​​618​​1,399
Bank-owned life insurance​​53,153​​51,572
Other assets​​148,963​​147,820
​​$3,614,271​$3,729,799
LIABILITIES AND SHAREHOLDERS' EQUITY​​​​​​
Deposits:​​​​​​
Noninterest bearing​$1,007,208​$1,020,772
Interest-bearing​​1,884,460​​1,740,451
Total deposits​​2,891,668​​2,761,223
Repurchase agreements​​108,860​​107,121
Other borrowings​​80,000​​360,500
Long-term debt​​49,393​​49,304
Subordinated debentures, net​​35,838​​35,660
Allowance for credit losses on unfunded loan commitments​​710​​510
Other liabilities​​90,500​​77,384
Total liabilities​​3,256,969​​3,391,702
Commitments and contingent liabilities (Note 14)​​​​​​
Shareholders' equity​​​​​​
Serial Preferred stock, no par value; 10,000,000 shares authorized; none issued; Common stock, no par value; 24,000,000 shares authorized; 14,223,046 and 14,793,832 shares issued and outstanding , at December 31, 2024 and 2023, respectively​​108,965​​110,446
Additional paid-in capital​​4,509​​4,581
Retained earnings​​275,085​​259,050
Accumulated other comprehensive loss​​(31,257)​​(35,980)
Total shareholders' equity​​357,302​​338,097
Total liabilities and shareholders' equity​$3,614,271​$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.