Sierra Bancorp (BSRR) Financial Statements (2024 and earlier)

Company Profile

Business Address 86 NORTH MAIN STREET
PORTERVILLE, CA 93257
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103,48383,50677,13186,683161,875253,534
Cash and cash equivalents103,48383,50677,13186,683161,875253,534
Financing receivable, accrued interest, after allowance for credit loss5,100     
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss2,500 2,700   
Total current assets:111,08383,50679,83186,683161,875253,534
Noncurrent Assets
Operating lease, right-of-use asset   6,900   
Property, plant and equipment22,07222,32122,47822,68822,93723,239
Intangible assets, net (including goodwill)29,19429,41331,90729,87430,12630,379
Goodwill27,35727,35727,35727,35727,35727,357
Intangible assets, net (excluding goodwill)1,8372,0564,5502,5172,7693,022
Deferred income tax assets   34,984   
Amortization method qualified affordable housing project investments9,8009,90010,10010,2007,7002,800
Total noncurrent assets:61,06661,634106,36962,76260,76356,418
Other undisclosed assets3,590,3123,548,8443,422,3903,382,8443,173,9973,108,902
TOTAL ASSETS:3,762,4613,693,9843,608,5903,532,2893,396,6353,418,854
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   328,169   
Total current liabilities:   328,169   
Noncurrent Liabilities
Long-term debt and lease obligation49,25949,23649,21449,19649,17349,151
Long-term debt, excluding current maturities49,25949,23649,21449,19649,17349,151
Liabilities, other than long-term debt7,0007,4007,0007,5005,100100
Qualified affordable housing project investments, commitment7,0007,4007,0007,5005,100100
Total noncurrent liabilities:56,25956,63656,21456,69654,27349,251
Other undisclosed liabilities3,396,6103,330,3382,920,6253,180,5213,043,3153,043,912
Total liabilities:3,452,8693,386,9743,305,0083,237,2173,097,5883,093,163
Equity
Equity, attributable to parent309,592307,010303,582295,072299,047325,691
Preferred stock   112,928   
Common stock110,097111,801 112,111111,727111,673
Additional paid in capital4,8874,5614,1484,4704,5854,281
Accumulated other comprehensive loss(56,511)(56,075)(56,576)(61,005)(50,444)(17,708)
Retained earnings251,119246,723243,082239,496233,179227,445
Total equity:309,592307,010303,582295,072299,047325,691
TOTAL LIABILITIES AND EQUITY:3,762,4613,693,9843,608,5903,532,2893,396,6353,418,854

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues41,22637,46436,05831,92828,20627,113
Net investment income40,87537,41935,60331,92828,20626,081
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (260)(6,538)(1,212)(2,548)(600)
Gross profit:41,22637,20429,52030,71625,65826,513
Operating expenses(2,438)(2,330)(15,961)(2,470)(2,406)(2,294)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
1,313982(4,443)3,3967,2353,023
Operating income:40,10135,8569,11631,64230,48727,242
Nonoperating income (expense)220276(619)192183251
Investment income, nonoperating220276(619)189183246
Interest and debt expense(12,558)(9,287)(6,241)(3,017)(1,621)(1,325)
Income from continuing operations before equity method investments, income taxes:27,76326,8452,25628,81729,04926,168
Other undisclosed income (loss) from continuing operations before income taxes(14,331)(15,386)6,758(15,549)(16,557)(16,028)
Income from continuing operations before income taxes:13,43211,4599,01413,26812,49210,140
Income tax expense(3,513)(2,708)(1,901)(3,333)(3,288)(2,733)
Income from continuing operations:9,9198,7517,1139,9359,2047,407
Income before gain (loss) on sale of properties:9,9359,2047,407
Net income available to common stockholders, diluted:9,9198,7517,1139,9359,2047,407

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:9,9198,7517,1139,9359,2047,407
Other comprehensive income (loss)(436)5014,429(10,561)(32,736)(28,875)
Comprehensive income (loss), net of tax, attributable to parent:9,4839,25211,542(626)(23,532)(21,468)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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