Sierra bancorp (BSRR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

35,961

29,677

19,539

17,567

-

-

-

-

-

-

-

Net income

-

-

-

-

18,067

15,240

13,369

8,185

7,780

7,363

8,928

Adjustments to reconcile net income to net cash provided by operating activities:
(Gain) loss on investment of securities

-

-

-

-

-

667

6

1,762

1,660

2,643

1,099

Other-than-temporary impairment loss

-

-

-

-

-

-

-

-

1,370

0

-

Loss (gain) on sales of securities

-198

2

500

223

666

3

129

183

139

105

81

Gain on sale of loans

0

0

3

2

6

-

-

-

-

-

-

Loss on disposal of fixed assets

-28

-16

-136

-2

62

4

15

-30

-25

-243

-52

Gain on sale of foreclosed assets

107

1,423

56

130

259

2,253

-223

-864

-451

-1,536

-204

Writedowns of foreclosed assets

77

439

95

450

221

452

730

3,173

4,184

5,045

1,265

Share-based compensation expense

490

373

476

188

35

181

268

487

460

385

250

Provision (benefit) for loan losses

2,550

4,350

-1,140

0

0

350

4,350

-

-

-

-

Depreciation and amortization

2,988

3,174

3,030

-

-

-

-

-

-

-

-

Net amortization on securities premiums and discounts

4,449

5,452

6,749

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

2,584

2,272

2,107

2,131

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

2,437

2,695

2,890

3,103

Net amortization on securities premiums and discounts

-

-

-

7,130

6,932

6,607

8,177

8,500

5,874

3,469

548

Accretion of discounts for loans acquired and net deferred loan fees

-1,023

-1,647

-1,384

-1,030

-277

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

14,210

12,000

16,680

21,574

(Accretion) amortization of discounts/premiums for loans acquired and deferred loan fees/costs

-

-

-

-

-

731

-

-

-

-

-

Increase in cash surrender value of life insurance policies

2,184

591

1,640

945

1,151

1,475

-

-

-

-

-

Loss from sales of loans

-

-

-

-

323

-

-

-

-

-

-

Decrease in unearned net loan fees

-

-

-

-

-

-

-366

535

509

752

726

Increase in cash surrender value of life insurance policies

-

-

-

-

-

-

1,417

350

934

1,522

1,561

Proceeds from sales of loans

-

-

-

-

-

108

5,459

8,191

7,210

2,705

7,393

Originations of loans held for sale

-

-

-

-

317

0

5,225

6,864

7,511

3,138

7,488

Amortization of core deposit intangible

1,074

1,020

508

272

134

11

-

-

-

-

-

(Increase) decrease in interest receivable and other assets

9,224

6,106

-10,402

3,442

-1,085

-5,873

-2,225

-610

-2,354

-2,365

1,506

Increase (decrease) in other liabilities

9,662

-5,420

4,100

-621

758

3,453

1,514

1,646

666

-568

1,572

Net (increase) decrease in FHLB stock, at cost

-

-

-

-

-

-

-

-670

-1,321

-1,000

-

Deferred income tax benefit

-97

-308

-1,130

-

-

-

2,360

-564

-881

-2,919

-8,745

Deferred income tax benefit

-

-

-

6,113

-1,629

1,151

-

-

-

-

-

Deferred tax benefit from equity based compensation

-

-

-

-106

-146

-224

-

-

-

-

-

Increase in equity securities

232

1,183

0

0

-

-

-

-

-

-

-

Net amortization of partnership investment

2,127

2,625

1,497

0

-

-

-

-

-

-

-

Excess tax benefit from equity based compensation

-

-

-

-

-

-

280

48

109

19

11

Net cash provided by operating activities

-

-

-

-

28,696

29,336

34,100

-

-

-

-

Net cash provided by operating activities

46,737

30,446

40,679

15,581

-

-

-

38,697

34,647

32,015

23,672

Cash flows from investing activities:
Maturities of securities available for sale

-

-

-

-

-

-

-

-

-

-

30,197

Maturities and calls of securities available for sale

9,809

9,730

9,493

1,310

580

1,620

1,724

1,120

7,107

6,787

8,737

Proceeds from sales of securities available for sale

60,510

6,800

40,166

-

-

-

-

-

-

-

-

Proceeds from sales/calls of securities available for sale

-

-

-

39,568

39,831

29,452

4,135

63,776

46,872

75,319

50,133

Purchases of securities available for sale

190,168

122,818

179,092

138,675

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

136,459

150,515

160,251

150,305

205,500

208,477

120,268

Principal paydowns on securities available for sale

92,766

92,494

100,161

99,181

91,193

77,442

95,772

104,752

76,171

68,838

-

Net purchases of FHLB stock

833

300

1,689

960

504

190

-438

-

-

-

-

Loan originations and payments, net

32,376

183,737

76,129

36,761

164,266

108,336

-64,868

163,789

-24,661

-48,930

-27,659

Purchases of premises and equipment, net

783

3,123

2,141

3,586

2,530

2,379

667

3,411

2,734

2,481

3,437

Proceeds from sales of fixed assets

10

0

0

-

59

4

0

0

-

-

-

Proceeds from sales of foreclosed assets

7,955

13,188

443

1,551

1,833

6,854

15,023

15,538

7,212

9,798

1,603

Purchase of bank owned life insurance

440

454

455

360

0

-

-

-

5,132

0

-

Liquidation of bank-owned life insurance

260

0

0

-

-

-

-

-

-

-

-

Proceeds from BOLI death benefit

0

0

-999

-1,739

0

-

-

-

-

-

-

Net increase in partnership investment

0

0

5,000

-

-

-

-

-

-

-

-

Net increase in partnership investment

-

-

-

0

0

-

-

-

-

-

-

Net cash from bank acquisition

0

6

-61,571

-15,653

-

-

-

-

-

-

-

Net cash from bank acquisition

-

-

-

-

0

514

0

0

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-170,263

-145,534

21,042

-

-

-

-

Net cash used in investing activities

-53,290

-188,188

-51,673

-21,340

-

-

-

-132,319

-51,343

-1,286

-5,376

Cash flows from financing activities:
Increase in deposits

52,034

127,954

35,304

101,805

97,933

84,244

145

87,766

33,994

-73,158

63,934

Increase (decrease) in borrowed funds

-36,100

34,200

-67,500

-14,800

53,100

16,200

-41,650

9,530

2,470

-350

-

Increase (Decrease) in borrowed funds

-

-

-

-

-

-

-

-

-

-

-59,500

Increase (decrease) in repurchase agreements

9,352

8,209

56

-1,311

2,154

1,277

4,555

-1,618

3,037

0

-24,419

Cash dividends paid

11,332

9,757

7,935

6,506

5,662

-

-

-

-

-

-

Cash dividends paid

-

-

-

-

-

4,775

3,680

3,385

3,367

2,935

4,067

Repurchases of common stock

2,544

0

0

2,259

7,956

10,183

0

0

23

-21,864

-

(Expense) Proceeds from issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

20,375

Stock options exercised

1,088

1,131

764

543

380

1,300

1,396

63

867

242

94

Excess tax provision from equity based compensation

-

-

-

106

146

224

280

48

109

19

11

Net cash provided by (used in) financing activities

-

-

-

-

140,095

88,287

-38,954

-

-

-

-

Net cash provided by financing activities

12,498

161,737

-39,311

77,578

-

-

-

92,404

37,087

-54,318

-3,572

(Decrease) increase in cash and due from banks

5,945

3,995

-50,305

-

-

-

-

-

-

-

-

Decrease in cash and due from banks

-

-

-

71,819

-1,472

-27,911

16,188

-1,218

20,391

-23,589

14,724

Supplemental disclosure of cash flow information:
Interest

13,769

8,707

5,000

-

-

-

-

-

-

-

-

Income taxes

12,000

11,300

7,147

-

-

-

-

-

-

-

-

Supplemental noncash disclosures:
Real estate acquired through foreclosure

27

7,805

666

-

-

-

-

-

-

-

-

Interest

-

-

-

3,396

2,560

2,845

3,340

4,531

5,492

8,155

12,512

Income taxes

-

-

-

4,930

6,390

1,800

0

0

1,643

5,360

4,830

Real estate acquired through foreclosure

-

-

-

902

1,004

842

4,990

23,965

6,520

15,993

24,653

Change in unrealized net gains (losses) on securities available-for-sale

17,884

-6,156

-269

-7,468

-2,890

6,590

-5,594

-202

4,976

-3,144

3,002

Operating right-of-use asset pursuant to adoption on ASU 2016-02

8,308

0

0

-

-

-

-

-

-

-

-

Operating lease liability pursuant to adoption of ASU 2016-02

8,915

0

0

-

-

-

-

-

-

-

-

Assets acquired (liabilities assumed) in bank acquisition:
Cash and cash equivalents

0

0

62,374

18,931

0

15,852

0

0

-

-

-

Securities

0

0

5,492

23,363

0

44,187

0

0

-

-

-

Federal Home Loan Bank and Federal Reserve Bank stock

-

-

-

1,057

0

860

0

0

-

-

-

Loans

0

0

217,807

94,264

0

61,573

0

0

-

-

-

Federal Home Loan Bank stock

-

-

-

1,057

0

-

-

0

-

-

-

Loans

0

0

217,807

94,264

0

-

-

0

-

-

-

Premises and equipment

0

0

1,342

5,844

0

1,188

0

0

-

-

-

Foreclosed assets

0

0

3,072

0

0

-

-

-

-

-

-

Core deposit intangibles

0

0

3,939

1,827

0

1,075

0

0

-

-

-

Goodwill

0

0

19,089

1,360

0

1,364

0

0

-

-

-

Other assets

0

0

10,479

2,504

0

5,719

0

0

-

-

-

Deposits

0

0

-257,611

-129,038

0

108,272

0

0

-

-

-

Federal Home Loan Bank advances

-

-

-

-

-

-8,000

0

0

-

-

-

Other liabilities

0

0

3,404

705

0

208

0

0

-

-

-

Borrowings

0

0

24,400

2,500

0

0

-

-

-

-

-

Subordinated debentures

0

0

0

3,422

0

0

-

-

-

-

-