SIERRA BANCORP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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.
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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes In Shareholders’ Equity
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024, and 2023
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · Accumulated · · · | |||||||||||||||||
| · · · · · · · Additional · · · · · Other · · · | |||||||||||||||||
| · · Common Stock · · Paid In · · Retained · · Comprehensive · · Shareholders' | |||||||||||||||||
| · Shares · Amount · Capital · Earnings · Loss · Equity | |||||||||||||||||
| Balance, June 30, 2023 | | 14,811,736 | | $110,097 | | $4,887 | | $251,119 | | $(56,511) | | $309,592 | |||||
| Net income | | — | | | — | | | — | | | 9,885 | | | — | | | 9,885 |
| Other comprehensive loss, net of tax | | — | | | — | | | — | | | — | | | (5,403) | | | (5,403) |
| Restricted shares withheld for taxes | | (10,129) | | | (76) | | | — | | | (136) | | | — | | | (212) |
| Restricted stock vested in period | | — | | | 374 | | | (374) | | | — | | | — | | | — |
| Stock-based compensation - stock options | | — | | | — | | | 16 | | | — | | | — | | | 16 |
| Stock-based compensation - restricted stock | | — | | | — | | | 405 | | | — | | | — | | | 405 |
| Stock repurchased | | (99,528) | | | (740) | | | — | | | (1,260) | | | — | | | (2,000) |
| Excise tax on stock repurchased | | — | | | (17) | | | — | | | — | | | — | | | (17) |
| Cash dividends - $0.23 per share | | — | | | — | | | — | | | (3,407) | | | — | | | (3,407) |
| Balance, September 30, 2023 | | 14,702,079 | | $109,638 | | $4,934 | | $256,201 | | $(61,914) | | $308,859 | |||||
| | | | | | | | | | | | | | | | | | |
| Balance, June 30, 2024 | | 14,466,873 | | $107,929 | | $5,336 | | $267,478 | | $(30,723) | | $350,020 | |||||
| Net income | | — | | | — | | | — | | | 10,603 | | | — | | | 10,603 |
| Other comprehensive gain, net of tax | | — | | | — | | | — | | | — | | | 2,148 | | | 2,148 |
| Stock options exercised, net of shares surrendered for cashless exercises | | 27,449 | | | 573 | | | (69) | | | — | | | — | | | 504 |
| Restricted shares withheld for taxes | | (10,138) | | | (76) | | | — | | | (206) | | | — | | | (282) |
| Restricted stock forfeited / cancelled | | (19,919) | | | — | | | — | | | — | | | — | | | — |
| Restricted stock vested in period | | — | | | 381 | | | (381) | | | — | | | — | | | — |
| Stock-based compensation - restricted stock | | — | | | — | | | 377 | | | — | | | — | | | 377 |
| Stock repurchased | | (49,704) | | | (371) | | | — | | | (869) | | | — | | | (1,240) |
| Excise tax on stock repurchased | | — | | | (1) | | | — | | | — | | | — | | | (1) |
| Cash dividends - $0.24 per share | | — | | | — | | | — | | | (3,431) | | | — | | | (3,431) |
| Balance, September 30, 2024 | | 14,414,561 | | $108,435 | | $5,263 | | $273,575 | | $(28,575) | | $358,698 | |||||
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · Accumulated · · · | |||||||||||||||||
| · · · · · · · Additional · · · · · Other · · · | |||||||||||||||||
| · · Common Stock · · Paid In · · Retained · · Comprehensive · · Shareholders' | |||||||||||||||||
| · Shares · Amount · Capital · Earnings · Loss · Equity | |||||||||||||||||
| Balance, December 31, 2022 | | 15,170,372 | | $112,928 | | $4,148 | | $243,082 | | $(56,576) | | $303,582 | |||||
| Net income | | — | | | — | | | — | | | 28,555 | | | — | | | 28,555 |
| Other comprehensive loss, net of tax | | — | | | — | | | — | | | — | | | (5,338) | | | (5,338) |
| Restricted stock granted | | 29,064 | | | — | | | — | | | — | | | — | | | — |
| Restricted stock surrendered due to employee tax liability | | (11,893) | | | (89) | | | — | | | (159) | | | — | | | (248) |
| Restricted stock forfeited / cancelled | | (4,370) | | | — | | | — | | | — | | | — | | | — |
| Restricted stock vested in period | | — | | | 454 | | | (454) | | | — | | | — | | | — |
| Stock-based compensation - stock options | | — | | | — | | | 53 | | | — | | | — | | | 53 |
| Stock-based compensation - restricted stock | | — | | | — | | | 1,187 | | | — | | | — | | | 1,187 |
| Stock repurchased | | (481,094) | | | (3,574) | | | — | | | (4,916) | | | — | | | (8,490) |
| Excise tax on stock repurchased | | — | | | (81) | | | — | | | — | | | — | | | (81) |
| Cash dividends - $0.69 per share | | — | | | — | | | — | | | (10,361) | | | — | | | (10,361) |
| Balance, September 31, 2023 | | 14,702,079 | | $109,638 | | $4,934 | | $256,201 | | $(61,914) | | $308,859 | |||||
| | | | | | | | | | | | | | | | | | |
| Balance, December 31, 2023 | | 14,793,832 | | $110,446 | | $4,581 | | $259,050 | | $(35,980) | | $338,097 | |||||
| Net income | | — | | | — | | | — | | | 30,196 | | | — | | | 30,196 |
| Other comprehensive gain, net of tax | | — | | | — | | | — | | | — | | | 7,405 | | | 7,405 |
| Stock options exercised, net of shares surrendered for cashless exercises | | 27,449 | | | 573 | | | (69) | | | — | | | — | | | 504 |
| Restricted stock granted | | 36,114 | | | — | | | — | | | — | | | — | | | — |
| Restricted shares withheld for taxes | | (15,200) | | | (114) | | | — | | | (269) | | | — | | | (383) |
| Restricted stock forfeited / cancelled | | (20,825) | | | — | | | — | | | — | | | — | | | — |
| Restricted stock vested in period | | — | | | 634 | | | (634) | | | — | | | — | | | — |
| Stock-based compensation - stock options | | — | | | — | | | 25 | | | — | | | — | | | 25 |
| Stock-based compensation - restricted stock | | — | | | — | | | 1,360 | | | — | | | — | | | 1,360 |
| Stock repurchased | | (406,809) | | | (3,034) | | | — | | | (5,223) | | | — | | | (8,257) |
| Excise tax on stock repurchased | | — | | | (70) | | | — | | | — | | | — | | | (70) |
| Cash dividends - $0.70 per share | | — | | | — | | | — | | | (10,179) | | | — | | | (10,179) |
| Balance, September 30, 2024 | | 14,414,561 | | $108,435 | | $5,263 | | $273,575 | | $(28,575) | | $358,698 | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.