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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments77,131257,52871,41780,07774,13270,137
Cash and cash equivalents77,131257,52871,41780,07774,13270,137
Financing receivable, accrued interest, after allowance for credit loss   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss2,700  
Total current assets:79,831257,52871,41780,07774,13270,137
Noncurrent Assets
Operating lease, right-of-use asset 6,9005,5007,2008,308
Property, plant and equipment22,47823,57127,50527,43529,50029,388
Intangible assets, net (including goodwill)31,90733,90735,97138,11940,26739,825
Goodwill27,35727,35727,35727,35727,35727,357
Intangible assets, net (excluding goodwill)4,5506,5508,61410,76212,91012,468
Deferred income tax assets 34,9843,792839 
Amortization method qualified affordable housing project investments10,1002,9003,5004,1045,9058,440
Total noncurrent assets:106,36969,67075,01577,96675,67277,653
Other undisclosed assets3,422,3903,043,8163,074,3102,435,7762,372,6982,192,508
TOTAL ASSETS:3,608,5903,371,0143,220,7422,593,8192,522,5022,340,298
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 328,169106,937142,90020,00056,10021,900
Total current liabilities: 328,169106,937142,90020,00056,10021,900
Noncurrent Liabilities
Long-term debt and lease obligation49,21449,141    
Long-term debt, excluding current maturities49,21449,141    
Liabilities, other than long-term debt7,0001001001,2511,9583,321
Qualified affordable housing project investments, commitment7,0001001001,2511,9583,321
Total noncurrent liabilities:56,21449,2411001,2511,9583,321
Other undisclosed liabilities2,920,6252,852,3422,733,8462,263,2832,191,4202,059,135
Total liabilities:3,305,0083,008,5202,876,8462,284,5342,249,4782,084,356
Equity
Equity, attributable to parent303,582362,494343,896309,285273,024255,942
Preferred stock 112,928     
Common stock 113,007113,384113,179112,507111,138
Additional paid in capital4,1483,9103,7363,3073,0662,937
Accumulated other comprehensive income (loss)(56,576)11,16718,4055,932(6,666)(2,330)
Retained earnings243,082234,410208,371186,867164,117144,197
Total equity:303,582362,494343,896309,285273,024255,942
TOTAL LIABILITIES AND EQUITY:3,608,5903,371,0143,220,7422,593,8192,522,5022,340,298

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues123,306113,087110,633110,749101,64097,609
Net investment income121,819113,076110,243110,947101,63880,924
Financial services revenue16,685
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(10,898) (8,550)(2,550)(4,350) 
Gross profit:112,408113,087102,083108,19997,29097,609
Operating expenses(23,131)(27,566)(23,197)(23,321)(10,744)(43,321)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
9,2115,0894,5602,1652,6543,451
Operating income:98,48890,61083,44687,04389,20057,739
Nonoperating income8153 5,407  
Investment income, nonoperating      
Gains on sales of other real estate 8153    
Other nonoperating income    5,407  
Interest and debt expense(12,204)(4,050)(5,408)(13,578)(9,244)(5,223)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (31,515)(31,154)(40,372)(19,337)
Income from continuing operations before equity method investments, income taxes:86,29286,71346,52347,71839,58433,179
Other undisclosed loss from continuing operations before income taxes(41,377)(29,514)    
Income from continuing operations before income taxes:44,91557,19946,52347,71839,58433,179
Income tax expense(11,256)(14,187)(11,079)(11,757)(9,907)(13,640)
Income from continuing operations:33,65943,01235,44435,96129,67719,539
Income before gain (loss) on sale of properties:43,01235,44435,96129,67719,539
Net income available to common stockholders, diluted:33,65943,01235,44435,96129,67719,539

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:33,65943,01235,44435,96129,67719,539
Other comprehensive income (loss)(67,743)(7,238)12,47312,598(4,336)(157)
Comprehensive income (loss), net of tax, attributable to parent:(34,084)35,77447,91748,55925,34119,382

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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