SIERRA BANCORP

For the period ended Mar 31, 2025. Filed May 2, 2025.

About 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, 2025 · Filed May 2, 2025

BSRR$41.42-1.3%Stored close · as of Nov 6, 2026

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Contents

Consolidated Balance Sheets

(dollars in thousands)


· March 31, 2025 · December 31, 2024
ASSETS · · (unaudited) · · (audited)
Cash and due from banks	$80,428	$79,616
Interest-bearing deposits in banks	79,283	21,048
Total cash & cash equivalents	159,711	100,664
Investment securities
Available-for-sale, net of zero allowance for credit losses	620,288	655,967
Held-to-maturity, net of allowance for credit losses of $15 and $15	302,123	305,514
Total investment securities	922,411	961,481
Loans:
Gross loans	2,306,762	2,331,341
Deferred loan (fees) and costs, net	(99)	93
Allowance for credit losses on loans	(27,050)	(24,830)
Net loans	2,279,613	2,306,604
Premises and equipment, net	15,338	15,431
Goodwill	27,357	27,357
Other intangible assets, net	456	618
Bank-owned life insurance	52,655	53,153
Other assets	148,642	148,963
Total assets	$3,606,183	$3,614,271

LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits:
Noninterest-bearing	$1,037,990	$1,007,208
Interest-bearing	1,811,894	1,884,460
Total deposits	2,849,884	2,891,668
Repurchase agreements	118,756	108,860
Other borrowings	80,000	80,000
Long-term debt	49,416	49,393
Subordinated debentures	35,883	35,838
Allowance for credit losses on unfunded loan commitments	820	710
Other liabilities	119,668	90,500
Total liabilities	3,254,427	3,256,969

Commitments and contingent liabilities (Note 7)

Shareholders' equity
Common stock, no par value; 24,000,000 shares authorized; 13,818,770 and 14,223,046 shares issued and outstanding at March 31, 2025, and December 31, 2024, respectively	106,277	108,965
Additional paid-in capital	4,429	4,509
Retained earnings	269,931	275,085
Accumulated other comprehensive loss, net	(28,881)	(31,257)
Total shareholders' equity	351,756	357,302
Total liabilities and shareholders' equity	$3,606,183	$3,614,271

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.