SIERRA BANCORP

For the period ended Jun 30, 2025. Filed Aug 1, 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.

Jun 30, 2025 · Filed Aug 1, 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 SIX MONTHS ENDED JUNE 30, 2025, AND 2024


· · · Six months ended June 30,
	2025		2024
Cash flows from operating activities:
Net income		$19,734		$19,593
Adjustments to reconcile net income to net cash provided by operating activities:
(Gain) loss on sales of securities		(124)		2,883
Realized gain on securities transaction		—		(66)
Loss (gain) on disposal of fixed assets		22		(3,799)
Stock based compensation expense		1,041		1,008
Provision for credit losses on loans		3,171		1,018
Provision for credit losses on unfunded commitments		100		10
Depreciation and amortization		1,050		1,057
Net (accretion) amortization on securities premiums and discounts		(153)		614
Net accretion of premiums/discounts for loans acquired		(149)		(158)
Increase in cash surrender value of life insurance policies		(1,051)		(1,738)
Amortization of core deposit intangible		324		438
Increase in interest receivable and other assets		(2,689)		(11,614)
Decrease in other liabilities		(17,587)		(2,301)
Deferred income tax benefit		(338)		(289)
Decrease in value of restricted bank equity securities		—		293
Excise tax on stock repurchases		(111)		—
Amortization of debt issuance costs		45		44
Net amortization of variable interest entities		1,480		608
Net cash provided by operating activities		4,765		7,601
Cash flows from investing activities:
Maturities and calls of securities available for sale		11,000		35,713
Proceeds from sales of securities available for sale		—		233,187
Purchases of securities available for sale		(247,255)		(29,126)
Principal pay downs on securities available for sale		234,381		73,852
Loan (originations) and payments, net		(109,347)		(149,884)
Purchases of premises and equipment		(836)		(787)
Proceeds from sale of premises and equipment		—		4,518
Proceeds from sales of foreclosed assets		—		2,732
Purchase of bank-owned life insurance		(127)		(175)
Purchase of split dollar life insurance policies		(15,000)		—
Proceeds from BOLI death benefit		1,645		54
Net cash (used in) provided by investing activities		(125,539)		170,084
Cash flows from financing activities:
Increase in deposits		82,801		181,187
Increase (decrease) in Fed funds purchased		40,000		(130,000)
Increase (decrease) in short-term Federal Home Loan Bank advances		34,400		(150,500)
Increase in customer repurchase agreements		17,649		40,882
Cash dividends paid		(6,963)		(6,748)
Repurchase of common stock, net		(18,276)		(7,118)
Stock options exercised		511		—
Net cash provided by (used in) financing activities		150,122		(72,297)

Increase in cash and cash equivalents		29,348		105,388
Cash and cash equivalents
Beginning of period		100,664		78,602
End of period		$130,012		$183,990
Supplemental disclosure of cash flow information:
Interest paid		$26,210		$23,140

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.