SIERRA BANCORP

For the period ended Jun 30, 2024. Filed Aug 5, 2024.

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.

Jun 30, 2024 · Filed Aug 5, 2024

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

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Contents

Consolidated Statements of Comprehensive Income (Loss)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024, and 2023


· · Three months ended June 30, · · Six months ended June 30,
· 2024 · 2023 · · 2024 · · 2023
Net income	$10,263	$9,919	$19,593	$18,670
Other comprehensive gain (loss), before tax:
Unrealized gain (loss) on securities:
Unrealized holding gain (loss) arising during period	1,703	(268)	4,580	488
Less: reclassification adjustment for (gains) losses included in net income (1)	—	(351)	2,883	(396)
Other comprehensive gain (loss), before tax	1,703	(619)	7,463	92
Income tax (expense) benefit related to items of other comprehensive gain	(504)	183	(2,206)	(27)
Other comprehensive gain (loss), net of tax:	1,199	(436)	5,257	65
Comprehensive income	$11,462	$9,483	$24,850	$18,735

(1)

Amounts are included in net gains on investment securities available-for-sale on the Consolidated Statements of Income in noninterest income. Income tax expenses associated with the reclassification adjustment for the three months ended June 30, 2024, and 2023, was $0 and $0.01 million, respectively. Income tax (benefits) expenses associated with the reclassification adjustment for the six months ended June 30, 2024 and 2023 were $(0.9) million and $0.1 million, respectively.

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