SIERRA BANCORP
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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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.
Sep 30, 2025 · Filed Oct 31, 2025
BSRR$42.14+0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025, AND 2024
| | | | | | | |
|---|---|---|---|---|---|---|
| · · · Nine months ended September 30, | ||||||
| | 2025 | 2024 | ||||
| Cash flows from operating activities: | | | | | | |
| Net income | | $29,433 | | $30,196 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | |
| (Gain) loss on sales of securities | | | (124) | | | 2,810 |
| Realized gain on securities transaction | | | — | | | (66) |
| Loss (gain) on disposal of fixed assets | | | 22 | | | (3,799) |
| Stock based compensation expense | | | 1,477 | | | 1,385 |
| Provision for credit losses on loans | | | 6,880 | | | 2,258 |
| (Benefit) provision for credit losses on held-to-maturity securities | | | — | | | (1) |
| Provision for credit losses on unfunded commitments | | | 80 | | | 130 |
| Depreciation and amortization | | | 1,567 | | | 1,581 |
| Net (accretion) amortization on securities premiums and discounts | | | (377) | | | 822 |
| Net accretion of premiums/discounts for loans acquired | | | (201) | | | (152) |
| Increase in cash surrender value of life insurance policies | | | (2,069) | | | (2,278) |
| Amortization of core deposit intangible | | | 486 | | | 619 |
| Decrease (increase) in interest receivable and other assets | | | 1,523 | | | (8,690) |
| (Decrease) increase in other liabilities | | | (21,119) | | | 8,700 |
| Deferred income tax benefit (provision) | | | 690 | | | (425) |
| Decrease in value of restricted bank equity securities | | | — | | | 293 |
| Excise tax on stock repurchases | | | (111) | | | — |
| Amortization of debt issuance costs | | | 68 | | | 67 |
| Net amortization of variable interest entities | | | 1,480 | | | 1,556 |
| Net cash provided by operating activities | | | 19,705 | | | 35,006 |
| Cash flows from investing activities: | | | | | | |
| Maturities and calls of securities available for sale | | | 33,965 | | | 82,070 |
| Proceeds from sales of securities available for sale | | | — | | | 233,187 |
| Purchases of securities available for sale | | | (288,333) | | | (109,481) |
| Principal pay downs on securities available for sale | | | 333,555 | | | 125,150 |
| Loan (originations) and payments, net | | | (168,522) | | | (236,269) |
| Purchases of premises and equipment | | | (1,080) | | | (905) |
| Proceeds from sale of premises and equipment | | | — | | | 4,517 |
| Proceeds from sales of foreclosed assets | | | — | | | 2,732 |
| Purchase of bank-owned life insurance | | | (150) | | | (491) |
| Purchase of split dollar life insurance policies | | | (15,000) | | | — |
| Investments in variable interest entities | | | — | | | (2,196) |
| Proceeds from BOLI death benefit | | | 1,645 | | | 341 |
| Net cash (used in) provided by investing activities | | | (103,920) | | | 98,655 |
| Cash flows from financing activities: | | | | | | |
| Increase in deposits | | | 41,092 | | | 200,936 |
| Increase (decrease) in Fed funds purchased | | | 25,000 | | | (130,000) |
| Increase (decrease) in short-term Federal Home Loan Bank advances | | | 30,000 | | | (150,500) |
| Increase in customer repurchase agreements | | | 16,889 | | | 18,413 |
| Cash dividends paid | | | (10,346) | | | (10,179) |
| Repurchase of common stock, net | | | (24,311) | | | (8,640) |
| Stock options exercised | | | 728 | | | 504 |
| Net cash provided by (used in) financing activities | | | 79,052 | | | (79,466) |
| | | | | | | |
| (Decrease) increase in cash and cash equivalents | | | (5,163) | | | 54,195 |
| Cash and cash equivalents | | | | | | |
| Beginning of period | | | 100,664 | | | 78,602 |
| End of period | | $95,501 | | $132,797 | ||
| Supplemental disclosure of cash flow information: | | | | | | |
| Interest paid | | $39,656 | | $37,173 | ||
| Income taxes paid | | $8,483 | | $7,871 | ||
| Supplemental schedule of noncash investing and financing activities: | | | | | | |
| Real estate acquired through foreclosure | | $1,839 | | $2,732 | ||
SIERRA BANCORP
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