SIERRA BANCORP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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, 2024 · Filed Nov 7, 2024
BSRR$41.92+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(dollars in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, 2024 · December 31, 2023 | ||||||
| ASSETS · · (unaudited) · · (audited) | ||||||
| Cash and due from banks | | $97,632 | | $73,721 | ||
| Interest-bearing deposits in banks | | | 35,165 | | | 4,881 |
| Total cash & cash equivalents | | | 132,797 | | | 78,602 |
| Investment securities | | | | | | |
| Available-for-sale, net of allowance for credit losses of $0 and $0 | | | 706,310 | | | 1,019,201 |
| Held-to-maturity, net of allowance for credit losses of $15 and $16 | | | 308,971 | | | 320,057 |
| Total investment securities | | | 1,015,281 | | | 1,339,258 |
| Loans: | | | | | | |
| Gross loans | | | 2,320,629 | | | 2,090,075 |
| Deferred loan costs, net | | | 396 | | | 309 |
| Allowance for credit losses on loans | | | (22,710) | | | (23,500) |
| Net loans | | | 2,298,315 | | | 2,066,884 |
| Premises and equipment, net | | | 15,647 | | | 16,907 |
| Goodwill | | | 27,357 | | | 27,357 |
| Bank-owned life insurance | | | 54,000 | | | 51,572 |
| Other assets | | | 152,757 | | | 149,219 |
| Total assets | | $3,696,154 | | $3,729,799 | ||
| | | | | | | |
| LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | |
| Deposits: | | | | | | |
| Noninterest-bearing | | $1,013,743 | | $1,020,772 | ||
| Interest-bearing | | | 1,948,416 | | | 1,740,451 |
| Total deposits | | | 2,962,159 | | | 2,761,223 |
| Repurchase agreements | | | 125,534 | | | 107,121 |
| Other borrowings | | | 80,000 | | | 360,500 |
| Long-term debt | | | 49,371 | | | 49,304 |
| Subordinated debentures | | | 35,794 | | | 35,660 |
| Other liabilities | | | 84,598 | | | 77,894 |
| Total liabilities | | | 3,337,456 | | | 3,391,702 |
| | | | | | | |
| Commitments and contingent liabilities (Note 7) | | | | | | |
| | | | | | | |
| Shareholders' equity | | | | | | |
| Common stock, no par value; 24,000,000 shares authorized; 14,414,561 and 15,170,372 shares issued and outstanding at September 30, 2024 (unaudited), and December 31, 2023, respectively | | | 108,435 | | | 110,446 |
| Additional paid-in capital | | | 5,263 | | | 4,581 |
| Retained earnings | | | 273,575 | | | 259,050 |
| Accumulated other comprehensive loss | | | (28,575) | | | (35,980) |
| Total shareholders' equity | | | 358,698 | | | 338,097 |
| Total liabilities and shareholders' equity | | $3,696,154 | | $3,729,799 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.