SIERRA BANCORP

For the period ended Sep 30, 2024. Filed Nov 7, 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.

Sep 30, 2024 · Filed Nov 7, 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 NINE MONTHS ENDED SEPTEMBER 30, 2024, and 2023


· · Three months ended September 30, · · Nine months ended September 30,
· 2024 · 2023 · · 2024 · · 2023
Net income	$10,603	$9,885	$30,196	$28,555
Other comprehensive gain (loss), before tax:
Unrealized gain (loss) on securities:
Unrealized holding gain (loss) arising during period	3,124	(7,670)	7,704	(7,182)
Less: reclassification adjustment for (gains) losses included in net income (1)	(73)	—	2,810	(396)
Other comprehensive gain (loss), before tax	3,051	(7,670)	10,514	(7,578)
Income tax (expense) benefit related to items of other comprehensive gain	(903)	2,267	(3,109)	2,240
Other comprehensive gain (loss), net of tax:	2,148	(5,403)	7,405	(5,338)
Comprehensive income	$12,751	$4,482	$37,601	$23,217

(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 were negligible for the three months ended September 30, 2024 and 2023. Income tax expenses (benefits) associated with the reclassification adjustment for the nine months ended September 30, 2024 and 2023 were $0.8 million and $(0.1) million, respectively.

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