SIERRA BANCORP
For the period ended Mar 31, 2025. Filed May 2, 2025.
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, 2025 · Filed May 2, 2025
BSRR$42.14+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
(dollars in thousands, except per share data, unaudited)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three months ended March 31, | ||||||
| | 2025 | 2024 | ||||
| Interest and dividend income | | | | | | |
| Loans, including fees | $30,149 | $25,426 | ||||
| Taxable securities | | | 9,138 | | | 13,303 |
| Tax-exempt securities | | | 1,576 | | | 1,989 |
| Federal funds sold and other | | | 590 | | | 243 |
| Total interest income | | | 41,453 | | | 40,961 |
| Interest expense | | | | | | |
| Deposits | | | 9,372 | | | 9,645 |
| Federal funds purchased and repurchase agreements | | | 71 | | | 286 |
| Federal Home Loan Bank advances | | | 816 | | | 1,127 |
| Long-term debt | | | 430 | | | 431 |
| Subordinated debentures | | | 652 | | | 755 |
| Total interest expense | | | 11,341 | | | 12,244 |
| Net interest income | | | 30,112 | | | 28,717 |
| Credit loss expense - loans | | | 1,961 | | | 97 |
| Credit loss expense - unfunded commitments | | | 110 | | | 30 |
| Net interest income after credit loss expense | | | 28,041 | | | 28,590 |
| Noninterest income | | | | | | |
| Service charges and fees on deposit accounts | | | 5,581 | | | 5,726 |
| Net gain (loss) on sale of securities available-for-sale | | | 122 | | | (2,817) |
| Net (loss) gain on sale of fixed assets | | | (2) | | | 3,799 |
| (Decrease) increase in cash surrender value of life insurance | | | (265) | | | 1,215 |
| Other income | | | 1,206 | | | 666 |
| Total noninterest income | | | 6,642 | | | 8,589 |
| Noninterest expense | | | | | | |
| Salaries and employee benefits | | | 13,003 | | | 13,197 |
| Occupancy and equipment costs | | | 2,978 | | | 3,025 |
| Other | | | 6,436 | | | 8,304 |
| Total noninterest expense | | | 22,417 | | | 24,526 |
| Income before taxes | | | 12,266 | | | 12,653 |
| Provision for income taxes | | | 3,165 | | | 3,323 |
| Net income | | $9,101 | | $9,330 | ||
| | | | | | | |
| PER SHARE DATA | | | | | | |
| Book value | | $25.45 | | $23.56 | ||
| Cash dividends | | $0.25 | | $0.23 | ||
| Earnings per share basic | | $0.66 | | $0.64 | ||
| Earnings per share diluted | | $0.65 | | $0.64 | ||
| Average shares outstanding, basic | | | 13,820,008 | | | 14,508,468 |
| Average shares outstanding, diluted | | | 13,916,341 | | | 14,553,627 |
| | | | | | | |
| Total shareholders' equity (in thousands) | | $351,756 | | $345,094 | ||
| Shares outstanding | | | 13,818,770 | | | 14,645,298 |
| Dividends paid (in thousands) | | $3,514 | | $3,396 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.