SIERRA BANCORP

For the period ended Mar 31, 2025. Filed May 2, 2025.

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.

Mar 31, 2025 · Filed May 2, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Cash Flows

FOR THE THREE MONTHS ENDED MARCH 31, 2025, AND 2024


· · · Three months ended March 31,
	2025		2024
Cash flows from operating activities:
Net income		$9,101		$9,330
Adjustments to reconcile net income to net cash provided by operating activities:
(Gain) loss on sales of securities		(122)		2,817
Loss (gain) on disposal of fixed assets		2		(3,799)
Stock based compensation expense		502		487
Provision for credit losses on loans		1,961		97
Provision for credit losses on unfunded commitments		110		30
Depreciation and amortization		521		534
Net (accretion) amortization on securities premiums and discounts		(58)		375
Net accretion of premiums/discounts for loans acquired		(134)		(55)
Decrease (increase) in cash surrender value of life insurance policies		265		(1,215)
Amortization of core deposit intangible		162		219
(Increase) decrease in interest receivable and other assets		(1,268)		1,220
Increase (decrease) in other liabilities		28,968		(3,863)
Deferred income tax benefit		(155)		(137)
Decrease in value of restricted bank equity securities		—		311
Amortization of debt issuance costs		23		22
Net amortization of variable interest entities		747		608
Net cash provided by operating activities		40,625		6,981
Cash flows from investing activities:
Maturities and calls of securities available for sale		5,000		33,713
Proceeds from sales of securities available for sale		—		233,187
Purchase of securities available for sale		(161,363)		—
Principal pay downs on securities available for sale		198,986		16,733
Loan payments and (originations), net		25,164		(67,096)
Purchases of premises and equipment		(385)		(369)
Proceeds from sale of premises and equipment		—		4,518
Purchase of bank-owned life insurance		(101)		(190)
Proceeds from BOLI death benefit		334		—
Net cash provided by investing activities		67,635		220,496
Cash flows from financing activities:
(Decrease) increase in deposits		(41,784)		85,781
Decrease in Fed funds purchased		—		(130,000)
Decrease in short-term Federal Home Loan Bank advances		—		(150,500)
Increase in customer repurchase agreements		9,896		14,730
Cash dividends paid		(3,514)		(3,396)
Repurchase of common stock, net		(14,293)		(3,450)
Stock options exercised		482		—
Net cash used in financing activities		(49,213)		(186,835)

Increase in cash and cash equivalents		59,047		40,642
Cash and cash equivalents
Beginning of period		100,664		78,602
End of period		$159,711		$119,244
Supplemental disclosure of cash flow information:
Interest paid		$15,212		$13,276

SIERRA BANCORP

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.