Overview
Sep 14, 1977Founded1
- TickerBSRR on Nasdaq1
- IndustryState Commercial Banks1
- HeadquartersPorterville1
- Websitewww.bankofthesierra.com
- Incorporated inCA4
- Business address86 North Main Street, Porterville, Ca 932574
- Filer categoryAccelerated filer4
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Other Service Charges on Deposits brought in 43% of the revenue Bank of the Sierra broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Other Service Charges on Deposits | $9.8M | $10.5M | $10.2M |
| Debit Card | $8.1M | $8.1M | $8.1M |
| Returned Item and Overdraft Fees | $5.3M | $5.5M | $5.2M |
Financial statements
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loans, including fees | $128.0M | $114.3M | $96.8M |
| Taxable securities | $35.8M | $48.7M | $54.4M |
| Tax-exempt securities | $6.4M | $6.7M | $10.9M |
| Federal funds sold and other | $1.3M | $2.7M | $1.1M |
| Total interest income | $171.4M | $172.3M | $163.1M |
| Deposits | $36.5M | $43.4M | $31.6M |
| Federal funds purchased and repurchase agreements | $2.3M | $462.0K | $5.2M |
| Federal Home Loan Bank advances | $3.6M | $3.8M | $9.3M |
| Long-term debt | $1.7M | $1.7M | $1.7M |
| Subordinated debentures | $2.6M | $3.0M | $2.9M |
| Total interest expense | $46.7M | $52.3M | $50.7M |
| Net interest income | $124.7M | $120.0M | $112.4M |
| Credit loss expense - loans | $6.1M | $4.6M | $4.1M |
| Credit loss (benefit) expense - unfunded commitments | $200.0K | -$330.0K | |
| Credit loss (benefit) expense - debt securities held-to-maturity | -$1.0K | -$47.0K | |
| Net interest income after credit loss expense | $118.6M | $115.2M | $108.7M |
| Net (loss) gain on sale of securities available-for-sale | $120.0K | -$2.7M | $396.0K |
| Net (loss) gain on sale of fixed assets | -$52.0K | $3.8M | $15.3M |
| Increase in cash surrender value of life insurance | $2.6M | $2.6M | $1.8M |
| Realized gain (loss) on available-for-sale securities | $66.0K | -$14.5M | |
| Other income | $4.4M | $3.5M | $4.4M |
| Total noninterest income | $30.6M | $31.5M | $30.4M |
| Salaries and employee benefits | $51.1M | $50.3M | $51.0M |
| Occupancy and equipment | $12.5M | $12.4M | $10.2M |
| Other | $29.2M | $30.2M | $31.5M |
| Total noninterest expense | $92.8M | $92.9M | $92.7M |
| Income before taxes | $56.3M | $53.9M | $46.5M |
| Provision for income taxes | $14.0M | $13.3M | $11.6M |
| Net income | $42.3M | $40.6M | $34.8M |
| Earnings per share, basic (in dollars per share) | $3.14 | $2.84 | $2.37 |
| Earnings per share, diluted (in dollars per share) | $3.11 | $2.82 | $2.36 |
| Weighted average shares outstanding, basic (in shares) | 13.5M shares | 14.3M shares | 14.7M shares |
| Weighted average shares outstanding, diluted (in shares) | 13.6M shares | 14.4M shares | 14.7M shares |
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $71.4M | $79.6M | |
| Interest-bearing deposits in banks | $64.2M | $21.0M | |
| Total cash & cash equivalents | $135.6M | $100.7M | |
| Available-for-sale, net of allowance for credit losses of zero | $625.3M | $656.0M | |
| Held-to-maturity, net of allowance for credit losses of $15 and $15 | $290.8M | $305.5M | |
| Total investment securities | $916.1M | $961.5M | |
| Gross loans | $2.5B | $2.3B | |
| Deferred loan (fees) costs, net | -$35.0K | $93.0K | |
| Allowance for credit losses on loans | -$21.5M | -$24.8M | -$23.5M |
| Net loans | $2.5B | $2.3B | |
| Foreclosed assets | $1.6M | ||
| Premises and equipment, net | $15.0M | $15.4M | |
| Goodwill | $27.4M | $27.4M | $27.4M |
| Other intangible assets, net | $52.0K | $618.0K | |
| Bank-owned life insurance | $69.3M | $53.2M | |
| Other assets | $138.9M | $149.0M | |
| Total assets | $3.8B | $3.6B | |
| Noninterest bearing | $995.6M | $1.0B | |
| Interest-bearing | $1.9B | $1.9B | |
| Total deposits | $2.9B | $2.9B | |
| Repurchase agreements | $130.9M | $108.9M | |
| Other borrowings | $302.7M | $80.0M | |
| Long-term debt, net | $49.5M | $49.4M | |
| Subordinated debentures, net | $36.0M | $35.8M | |
| Allowance for credit losses on unfunded loan commitments | $710.0K | $710.0K | |
| Other liabilities | $68.2M | $90.5M | |
| Total liabilities | $3.5B | $3.3B | |
| Serial Preferred stock, no par value; 10,000,000 shares authorized; none issued; Common stock, no par value; 24,000,000 shares authorized; 13,273,788 and 14,223,046 shares issued and outstanding , at December 31, 2025 and 2024, respectively | $103.4M | $109.0M | |
| Additional paid-in capital | $4.6M | $4.5M | |
| Retained earnings | $280.0M | $275.1M | |
| Accumulated other comprehensive loss | -$23.2M | -$31.3M | |
| Total shareholders' equity | $364.9M | $357.3M | $338.1M |
| Total liabilities and shareholders' equity | $3.8B | $3.6B | |
| Available-for-sale securities, allowance for credit losses | $0 | $0 | |
| Allowance for credit losses on held-to-maturity securities | $15.0K | $15.0K | |
| Preferred Stock, No Par Value | $0 | $0 | |
| Preferred Stock, Shares Authorized | 10.0M shares | 10.0M shares | |
| Preferred Stock, Shares Issued | 0 shares | 0 shares | |
| Common Stock, No Par Value | $0 | $0 | |
| Common Stock, Shares Authorized | 24.0M shares | 24.0M shares | |
| Common Stock, Shares, Issued | 13.3M shares | 14.2M shares | |
| Common Stock, Shares, Outstanding | 13.3M shares | 14.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $42.3M | $40.6M | $34.8M |
| (Gain) loss on sales of securities | -$120.0K | $2.7M | -$396.0K |
| Realized (gain) loss on available-for-sale securities | -$66.0K | $14.5M | |
| Loss (gain) on disposal of fixed assets | $52.0K | -$3.8M | -$15.3M |
| Stock based compensation expense | $2.2M | $2.0M | $1.7M |
| Credit loss expense - loans | $6.1M | $4.6M | $4.1M |
| Credit loss (benefit) - debt securities held-to-maturity | -$1.0K | -$47.0K | |
| Depreciation and amortization | $2.1M | $2.1M | $2.4M |
| Net (accretion) amortization on securities premiums and discounts | -$720.0K | $1.0M | $2.9M |
| Accretion of discounts for loans acquired and net deferred loan fees | -$206.0K | -$170.0K | -$311.0K |
| Increase in cash surrender value of life insurance policies | -$2.6M | -$2.7M | -$1.9M |
| Amortization of core deposit intangible | $566.0K | $781.0K | $876.0K |
| Decrease (increase) in interest receivable and other assets | $3.9M | -$9.4M | -$20.5M |
| (Decrease) increase in other liabilities | -$22.6M | $13.3M | $31.8M |
| Deferred income tax (benefit) provision | -$105.0K | $4.0M | -$2.3M |
| Decrease in equity securities | $293.0K | $291.0K | |
| Net amortization of partnership investment | $2.8M | $1.9M | $661.0K |
| Net cash provided by operating activities | $33.7M | $57.2M | $53.2M |
| Maturities and calls of debt securities available-for-sale | $55.3M | $100.0M | $70.3M |
| Proceeds from sales of debt securities available-for-sale | $3.0M | $233.2M | $25.7M |
| Purchases of debt securities available-for-sale | -$378.0M | -$151.1M | -$197.2M |
| Principal paydowns on debt securities available-for-sale | $361.8M | $183.4M | $28.3M |
| Maturities and calls of debt securities held-to-maturity | $475.0K | $170.0K | $795.0K |
| Principal paydowns on debt securities held-to-maturity | $15.1M | $15.1M | $17.0M |
| Purchases of FHLB stock | -$1.9M | ||
| Loan (originations) and payments, net | -$226.2M | -$246.9M | -$60.0M |
| Purchases of premises and equipment | -$1.5M | -$1.2M | -$1.4M |
| Proceeds from sales of premises and equipment | $32.0K | $4.5M | $20.1M |
| Proceeds from sales of foreclosed assets | $2.7M | $19.2M | |
| Purchase of separate account life insurance | -$166.0K | -$273.0K | -$125.0K |
| Purchase of split dollar life insurance | -$15.0M | ||
| Liquidation of bank-owned life insurance | $165.0K | ||
| Proceeds from bank-owned life insurance death benefit | $1.6M | $1.4M | $2.5M |
| Amortization of debt issuance costs | $90.0K | $89.0K | $90.0K |
| Net increase in partnership investment | -$7.0M | ||
| Net cash (used in) provided by investing activities | -$183.5M | $141.2M | -$83.7M |
| (Decrease) increase in deposits | -$15.2M | $130.4M | -$84.9M |
| Increase (decrease) in fed funds purchased | $210.0M | -$130.0M | $5.0M |
| Increase (decrease) in short-term borrowed funds | $12.7M | -$150.5M | $56.5M |
| Proceeds from long-term Federal Home Loan Bank advances and other debt | $80.0M | ||
| Increase (decrease) in repurchase agreements | $22.0M | $1.7M | -$2.0M |
| Cash dividends paid | -$13.7M | -$13.6M | -$13.7M |
| Repurchases of common stock | -$31.8M | -$15.8M | -$8.9M |
| Stock options exercised | $854.0K | $1.5M | |
| Net cash provided by (used in) financing activities | $184.8M | -$176.3M | $31.9M |
| Increase in cash and due from banks | $35.0M | $22.1M | $1.5M |
| Interest | $50.1M | $49.0M | $48.5M |
| Income taxes | $10.5M | $8.7M | $10.4M |
| Real estate acquired through foreclosure | $1.6M | $2.7M | $15.4M |
| Operating right-of-use asset from branch facilities sale leaseback transaction | $3.9M | $17.9M | |
| Operating lease liability from branch facilities sale leaseback transaction | $3.1M | $13.8M | |
| Right-of-use assets obtained in exchange for new lease liabilities (excluding sale/leaseback) | $1.4M | $849.0K | $2.8M |
Timeline
- Sep 14, 1977Founded Founded1
Recent filings
- Sep 8, 20268-K
- Aug 3, 20264 PRIMARY DOCUMENT
- Jul 31, 202610-Q
- Jul 27, 20268-K
- Jul 27, 20268-K
- Jul 27, 20268-K
- Jul 24, 20268-K
- May 29, 2026144
- May 29, 20264 PRIMARY DOCUMENT
- May 22, 2026144
- May 22, 20264 PRIMARY DOCUMENT
- May 21, 20268-K
- May 20, 20264 PRIMARY DOCUMENT
- May 19, 20263 PRIMARY DOCUMENT
- May 18, 2026144
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- WikidataQ117187407
- SEC EDGARCIK 1130144
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataBank of the Sierra on Wikidata
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- 3Company websiteBank of the Sierra logo
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