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

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Contents

Consolidated Statements of Income

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025, and 2024


· · Three months ended June 30, · · Six months ended June 30,
· 2025 · 2024 · 2025 · · 2024
Interest and dividend income
Loans, including fees	$31,634	$28,518	$61,783	$53,945
Taxable securities	9,295	12,787	18,435	26,090
Tax-exempt securities	1,577	1,592	3,153	3,581
Federal funds sold and other	211	598	799	839
Total interest income	42,717	43,495	84,170	84,455
Interest expense
Deposits	9,326	11,032	18,697	20,676
Federal funds purchased and repurchase agreements	596	68	667	354
Federal Home Loan Bank advances	1,057	1,040	1,873	2,167
Long-term debt	430	430	860	861
Subordinated debentures	655	755	1,308	1,510
Total interest expense	12,064	13,325	23,405	25,568
Net interest income	30,653	30,170	60,765	58,887
Credit loss expense - loans	1,210	921	3,171	1,018
Credit loss (benefit) expense - unfunded commitments	(10)	(20)	100	10
Net interest income after credit loss expense	29,453	29,269	57,494	57,859
Noninterest income
Service charges and fees on deposit accounts	5,855	6,184	11,436	11,909
Net gain (loss) on sale of securities available-for-sale	1	—	124	(2,883)
Net (loss) gain on sale of fixed assets	(19)	—	(22)	3,799
Increase in cash surrender value of life insurance	1,316	523	1,051	1,738
Other income	1,400	923	2,606	1,656
Total noninterest income	8,553	7,630	15,195	16,219
Noninterest expense
Salaries and employee benefits	12,544	12,029	25,547	25,226
Occupancy and equipment costs	3,142	3,152	6,120	6,177
Other	8,081	7,511	14,517	15,815
Total noninterest expense	23,767	22,692	46,184	47,218
Income before taxes	14,239	14,207	26,505	26,860
Provision for income taxes	3,606	3,944	6,771	7,267
Net income	$10,633	$10,263	$19,734	$19,593

PER SHARE DATA
Book value	$26.00	$24.19	$26.00	$24.19
Cash dividends	$0.25	$0.23	$0.50	$0.46
Earnings per share basic	$0.78	$0.72	$1.44	$1.36
Earnings per share diluted	$0.78	$0.71	$1.43	$1.35
Average shares outstanding, basic	13,563,910	14,300,267	13,692,003	14,404,368
Average shares outstanding, diluted	13,637,252	14,381,426	13,777,006	14,467,477

Total shareholders' equity (in thousands)	$355,707	$350,020	$355,707	$350,020
Shares outstanding	13,681,828	14,466,873	13,681,828	14,466,873
Dividends paid (in thousands)	$3,449	$3,352	$6,963	$6,748

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.