Sierra bancorp (BSRR)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and dividend income
Loans and leases, including fees

95,898

87,792

68,227

57,450

51,512

44,380

44,030

45,765

46,959

53,057

59,284

Taxable securities

10,139

9,548

8,614

7,922

8,192

7,653

4,899

6,280

8,753

8,025

8,300

Tax-exempt securities

4,534

4,060

3,711

3,009

2,953

2,936

2,737

2,703

2,834

2,709

2,476

Dividend income on securities

-

-

16

40

19

90

17

84

-

-

-

Federal funds sold and other

376

238

356

84

31

62

102

70

68

40

86

Total interest income

110,947

101,638

80,924

68,505

62,707

55,121

51,785

54,902

58,614

63,831

70,146

Interest expense
Deposits

11,380

7,260

3,762

2,174

1,785

2,064

2,455

3,208

4,305

6,121

10,040

Short-term borrowings

362

253

93

166

66

25

19

58

55

190

425

Long-term borrowings

-

-

-

-

13

4

33

281

569

604

798

Subordinated debentures

1,836

1,731

1,368

983

717

703

714

774

728

734

-

Interest on subordinated debentures

-

-

-

-

-

-

-

-

-

-

914

Total interest expense

13,578

9,244

5,223

3,323

2,581

2,796

3,221

4,321

5,657

7,649

12,177

Net interest income

97,369

92,394

75,701

65,182

60,126

52,325

48,564

50,581

52,957

56,182

57,969

Provision (benefit) for loan and lease losses

-

-

-

0

0

-

-

-

-

-

-

Provision (benefit) for loan losses

2,550

4,350

-1,140

-

-

350

4,350

14,210

12,000

16,680

21,574

Net interest income after provision for loan and lease losses

94,819

88,044

76,841

65,182

60,126

51,975

44,214

36,371

40,957

39,502

36,395

Non-interest income
Service charges on deposits

12,742

12,439

11,230

10,151

-

-

-

-

-

-

-

Service charges on deposits

-

-

-

-

9,399

8,275

9,022

9,676

9,543

11,212

11,552

Gain on sale of loans

-

-

3

2

6

3

129

183

139

105

-

Checkcard fees

6,584

5,878

4,955

4,467

-

-

-

-

-

-

-

Net (losses) gains on sale of securities available-for-sale

-198

2

500

223

-

-

-

-

-

-

-

Gain on sale of loans

-

-

-

-

-

-

-

-

-

-

81

Credit card fees

-

-

-

-

-

-

462

390

411

391

417

Checkcard fees

-

-

-

-

4,234

3,908

3,749

2,787

2,519

2,261

1,782

Net gains on sale of securities available-for-sale

-

-

-

-

666

667

6

1,762

1,660

2,643

1,099

Other-than-temporary impairment losses on equity securities

-

-

-

-

-

-

-

-

1,370

0

-

Increase in cash surrender value of life insurance

2,184

591

1,640

994

907

1,278

1,787

1,420

934

1,382

1,561

Loss on sale of foreclosed assets

-

-

-

-

-

-

-

-

-

-

204

Other income

2,165

2,654

3,451

3,401

2,503

1,700

1,908

1,908

1,156

1,271

991

Total non-interest income

23,477

21,564

21,779

19,238

17,715

15,831

17,063

18,126

14,992

19,265

17,279

Non-interest expense
Salaries and employee benefits

35,978

36,133

31,506

27,452

24,871

22,926

21,920

20,734

20,669

20,869

18,963

Occupancy and equipment

9,845

10,295

9,590

7,766

6,899

6,344

6,274

6,381

6,758

7,040

-

Acquisition costs

22

449

2,225

2,411

101

2,070

0

0

-

-

-

Occupancy and equipment expense

-

-

-

-

-

-

-

-

-

-

6,949

Other

24,733

23,147

22,120

20,424

18,832

15,035

16,621

19,541

20,178

23,729

18,226

Total non-interest expense

70,578

70,024

65,441

58,053

50,703

46,375

44,815

46,656

47,605

51,638

44,138

Income before income taxes

47,718

39,584

33,179

26,367

27,138

21,431

16,462

7,841

8,344

7,129

9,536

Provision for income taxes

11,757

9,907

13,640

8,800

9,071

6,191

3,093

-344

564

-234

608

Net income

35,961

29,677

19,539

17,567

18,067

15,240

13,369

8,185

7,780

7,363

8,928

Earnings per share
Basic

2.35

1.94

1.38

1.30

1.34

1.09

0.94

0.58

0.55

0.61

0.86

Diluted

2.33

1.92

1.36

1.29

1.33

1.08

0.94

0.58

0.55

0.60

0.86

Weighted average shares outstanding, basic

15,311

15,261

14,172

13,530

13,460

14,001

14,155

14,103

-

-

-

Weighted average shares outstanding, diluted

15,437

15,432

14,357

13,651

13,585

14,136

14,290

14,120

-

-

-