SIERRA BANCORP
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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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, 2026 · Filed Oct 30, 2026
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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Consolidated Statements of Cash Flows
FOR THE nine months ended September 30, 2026 and 2025
| Nine months ended | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | | |
| Net income | $37,720 | $29,433 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | |
| Gain on sales of securities | — | (124) |
| (Gain) loss on disposal of fixed assets | (360) | 22 |
| Stock based compensation expense | 1,510 | 1,477 |
| Provision for credit losses on loans | 336 | 6,880 |
| (Benefit) provision for credit losses on held-to-maturity securities | (1) | — |
| (Benefit) provision for credit losses on unfunded commitments | (130) | 80 |
| Depreciation and amortization | 1,484 | 1,567 |
| Net accretion on securities premiums and discounts | (1,223) | (377) |
| Net accretion of premiums/discounts for loans acquired | 33 | (201) |
| Increase in cash surrender value of life insurance policies | (2,374) | (2,069) |
| Amortization of core deposit intangible | 52 | 486 |
| (Increase) decrease in interest receivable and other assets | (16,063) | 1,523 |
| Increase (decrease) in other liabilities | 9,296 | (21,119) |
| Deferred income tax provision | 1,202 | 690 |
| Increase in value of restricted bank equity securities | (602) | — |
| Excise tax on stock repurchases | (281) | (111) |
| Amortization of debt issuance costs | 68 | 68 |
| Net amortization of variable interest entities | 7,306 | 1,480 |
| Net cash provided by operating activities | 37,973 | 19,705 |
| Cash flows from investing activities: | | |
| Maturities and calls of debt securities available-for-sale | 27,714 | 33,490 |
| Purchases of debt securities available-for-sale | (79,820) | (288,333) |
| Principal paydowns on debt securities available-for-sale | 69,671 | 322,368 |
| Maturities and calls of debt securities held-to-maturity | 2,115 | 475 |
| Principal paydowns on debt securities held-to-maturity | 12,149 | 11,187 |
| Net purchases of FHLB stock | (324) | — |
| Loan (originations) and payments, net | 118,135 | (168,522) |
| Purchases of premises and equipment | (830) | (1,080) |
| Proceeds from sale of premises and equipment | 519 | — |
| Proceeds from sales of foreclosed assets | 1,565 | — |
| Purchase of bank-owned life insurance | (47) | (150) |
| Purchase of split dollar life insurance policies | — | (15,000) |
| Liquidation of bank-owned life insurance | 301 | — |
| Capital contributions to partnership investments | (3,521) | — |
| Proceeds from BOLI death benefit | 909 | 1,645 |
| Net cash provided by (used in) investing activities | 148,536 | (103,920) |
| Cash flows from financing activities: | | |
| Increase in deposits | 108,305 | 41,092 |
| (Decrease) increase in Fed funds purchased | (193,000) | 25,000 |
| Decrease (increase) in short-term Federal Home Loan Bank advances | (12,700) | 30,000 |
| Repayments on Federal Home Loan Bank advances and other debt | (45,000) | — |
| (Decrease) increase in customer repurchase agreements | (17,765) | 16,889 |
| Cash dividends paid | (10,332) | (10,346) |
| Repurchase of common stock, net | (14,908) | (24,311) |
| Stock options exercised | 1,570 | 728 |
| Net cash (used in) provided by financing activities | (183,830) | 79,052 |
| Increase (decrease) in cash and cash equivalents | 2,679 | (5,163) |
| Cash and cash equivalents | | |
| Beginning of period | 135,628 | 100,664 |
| End of period | $138,307 | $95,501 |
| Supplemental disclosure of cash flow information: | | |
| Interest paid | $37,480 | $39,656 |
| Income taxes paid | $8,305 | $8,483 |
| Supplemental schedule of noncash investing and financing activities: | | |
| Real estate acquired through foreclosure | $— | $1,839 |
| Loans provided for sales of real estate owned | $1,000 | $— |
| Right-of-use assets obtained in exchange for new lease liabilities | $573 | $180 |
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