Sierra bancorp (BSRR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest and dividend income
Loans and leases, including fees

22,112

24,022

24,118

24,010

23,748

23,460

22,824

21,504

20,004

20,877

16,543

15,837

14,970

16,090

15,121

13,147

13,092

13,388

12,924

12,880

12,320

11,735

11,237

11,057

10,351

10,818

10,932

11,368

10,912

11,513

11,954

11,154

11,144

11,479

11,780

11,918

11,782

13,074

13,495

Taxable securities

2,460

2,447

2,484

2,591

2,617

2,528

2,382

2,300

2,338

2,235

2,224

2,147

2,008

1,844

1,879

2,052

2,147

2,094

1,847

2,003

2,248

1,944

2,008

1,876

1,825

1,571

1,132

1,034

1,162

1,122

1,523

1,751

1,884

2,132

2,420

2,285

1,916

2,131

2,043

Tax-exempt securities

1,339

1,257

1,160

1,072

1,045

1,020

1,006

1,018

1,016

972

1,002

932

805

784

765

730

730

750

746

732

725

733

729

733

741

747

699

672

619

652

700

685

666

681

716

721

716

695

673

Dividend income on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

36

-

-

48

45

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal funds sold and other

140

49

139

115

73

35

24

61

118

35

63

139

119

22

29

5

28

5

7

6

13

7

4

16

35

30

28

16

28

19

15

22

14

12

23

25

8

8

5

Total interest income

26,051

27,775

27,901

27,788

27,483

27,043

26,236

24,883

23,476

24,135

19,832

19,055

17,902

18,744

17,794

15,934

16,033

16,163

15,524

15,669

15,351

14,509

13,978

13,682

12,952

13,183

12,791

13,090

12,721

13,390

14,192

13,612

13,708

14,304

14,939

14,949

14,422

15,908

16,216

Interest expense
Deposits

1,834

2,349

2,983

3,093

2,955

2,425

1,923

1,594

1,318

1,173

1,032

868

689

600

575

508

491

440

452

449

444

450

503

553

558

561

606

628

660

718

796

809

885

1,026

1,063

1,125

1,091

1,496

1,671

Short-term borrowings

36

174

90

26

72

101

86

53

13

59

14

10

10

59

51

31

25

22

12

21

11

10

6

4

5

3

4

8

4

17

23

13

5

9

7

5

34

49

55

Long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

2

3

4

4

0

0

0

0

0

0

33

50

51

49

131

144

143

142

140

143

142

Subordinated debentures

394

430

453

470

483

459

451

436

385

360

351

337

320

320

261

200

202

184

181

178

174

177

177

175

174

178

180

179

177

189

193

193

199

188

179

180

181

198

180

Total interest expense

2,264

2,953

3,526

3,589

3,510

2,985

2,460

2,083

1,716

1,592

1,397

1,215

1,019

979

887

739

718

650

647

651

633

641

686

732

737

742

790

815

874

974

1,063

1,064

1,220

1,367

1,392

1,452

1,446

1,886

2,048

Net interest income

23,787

24,822

24,375

24,199

23,973

24,058

23,776

22,800

21,760

22,543

18,435

17,840

16,883

17,765

16,907

15,195

15,315

15,513

14,877

15,018

14,718

13,868

13,292

12,950

12,215

12,441

12,001

12,275

11,847

12,416

13,129

12,548

12,488

12,937

13,547

13,497

12,976

14,022

14,168

Provision (benefit) for loan losses

1,800

500

1,350

400

300

1,400

2,450

300

200

-1,440

0

300

0

-

0

0

0

-

0

0

0

0

0

200

150

1,500

800

450

1,600

3,600

4,700

3,160

2,750

2,400

3,000

3,000

3,600

6,380

3,500

Net interest income after provision for loan and lease losses

21,987

24,322

23,025

23,799

23,673

22,658

21,326

22,500

21,560

23,983

18,435

17,540

16,883

17,765

16,907

15,195

15,315

15,513

14,877

15,018

14,718

13,868

13,292

12,750

12,065

10,941

11,201

11,825

10,247

8,816

8,429

9,388

9,738

10,537

10,547

10,497

9,376

7,642

10,668

Non-interest income
Service charges on deposits

3,183

3,356

3,292

3,151

2,943

3,258

3,208

3,027

2,946

-

2,916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gains on sale of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposits

-

-

-

-

-

-

-

-

-

-

-

-

2,571

-

2,686

2,478

2,371

2,519

2,611

2,278

1,991

2,136

2,214

2,039

1,886

2,381

2,354

2,215

2,072

2,447

2,525

2,417

2,287

2,403

2,439

2,446

2,255

2,959

2,887

Gain on sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123

0

0

6

22

90

1

70

-

0

-

-

2,639

-

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

-

-

-

-

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gains on sale of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

8

-

90

146

-24

235

108

307

16

380

0

183

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

2,923

-6,079

2,577

2,704

2,963

-4,450

2,515

2,402

2,187

-4,627

2,994

2,530

2,554

-2,711

2,215

1,950

1,947

-3,108

1,542

2,069

2,000

-3,384

1,571

1,796

1,717

-3,896

1,965

1,807

2,032

-3,306

1,765

1,704

1,745

-2,122

930

1,027

1,321

1,455

1,102

Total non-interest income

6,106

5,847

5,869

5,855

5,906

5,279

5,723

5,429

5,133

5,372

5,910

5,364

5,133

5,379

4,991

4,574

4,294

4,793

4,261

4,654

4,007

4,321

3,785

4,018

3,707

4,612

4,319

4,022

4,110

5,522

4,380

4,122

4,102

4,574

3,369

3,473

3,576

7,053

3,989

Non-interest expense
Salaries and employee benefits

10,172

8,957

8,784

8,994

9,243

9,139

8,814

8,997

9,183

8,890

7,478

7,253

7,885

7,097

6,866

6,624

6,865

5,947

5,904

6,125

6,895

6,154

5,459

5,328

5,985

5,203

5,394

5,403

5,920

4,880

5,278

4,911

5,665

4,909

4,849

5,201

5,710

4,582

5,151

Occupancy and equipment

2,327

2,549

2,485

2,450

2,361

2,811

2,685

2,451

2,348

2,667

2,368

2,235

2,320

2,087

2,063

1,866

1,750

1,738

1,834

1,666

1,661

1,645

1,662

1,532

1,505

1,573

1,554

1,596

1,551

1,660

1,669

1,563

1,489

1,771

1,787

1,625

1,575

1,774

1,819

Other

5,319

6,454

5,819

6,212

6,248

4,637

6,308

5,846

6,356

5,422

5,599

5,603

5,496

3,143

7,192

5,225

4,864

4,421

4,547

4,960

4,904

3,019

4,629

4,148

3,239

4,013

4,542

3,718

4,348

6,098

4,548

4,009

4,886

7,100

3,932

4,729

4,417

8,239

4,578

Total non-interest expense

17,818

17,982

17,088

17,656

17,852

17,036

17,807

17,294

17,887

19,204

15,445

15,091

15,701

14,738

16,121

13,715

13,479

12,207

12,285

12,751

13,460

12,888

11,750

11,008

10,729

10,789

11,490

10,717

11,819

12,638

11,495

10,483

12,040

13,780

10,568

11,555

11,702

14,595

11,548

Income before income taxes

10,275

12,187

11,806

11,998

11,727

10,901

9,242

10,635

8,806

10,151

8,900

7,813

6,315

8,406

5,777

6,054

6,130

8,099

6,853

6,921

5,265

5,301

5,327

5,760

5,043

4,764

4,030

5,130

2,538

1,700

1,314

3,027

1,800

1,331

3,348

2,415

1,250

100

3,109

Provision for income taxes

2,468

2,902

2,854

3,169

2,832

2,997

2,171

2,643

2,096

6,107

3,158

2,611

1,764

2,890

1,848

1,968

2,094

2,737

2,443

2,364

1,527

1,648

1,776

1,523

1,244

895

663

1,331

204

-398

-321

454

-79

-210

822

231

-279

-787

565

Net income

7,807

9,285

8,952

8,829

8,895

7,904

7,071

7,992

6,710

4,044

5,742

5,202

4,551

5,516

3,929

4,086

4,036

5,362

4,410

4,557

3,738

3,653

3,551

4,237

3,799

3,869

3,367

3,799

2,334

2,098

1,635

2,573

1,879

1,541

2,526

2,184

1,529

887

2,544

Earnings per share
Book value

21.03

-

19.85

19.36

18.53

-

17.23

17.06

16.75

-

15.83

15.62

15.21

-

15.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Book value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14.93

14.64

-

14.12

13.88

13.83

-

13.46

13.34

12.99

-

12.54

12.38

12.43

-

12.37

12.23

12.07

-

11.97

11.78

11.55

11.88

12.00

Cash dividend per share

0.20

-

0.19

0.18

0.18

-

0.16

0.16

0.16

-

0.14

0.14

0.14

-

0.12

0.12

0.12

-

0.11

0.10

0.10

-

0.09

0.08

0.08

-

0.07

0.06

0.06

-

0.06

0.06

0.06

-

0.06

0.06

0.06

0.06

0.06

Basic

0.51

0.61

0.58

0.58

0.58

0.52

0.46

0.52

0.44

0.26

0.41

0.38

0.33

0.41

0.28

0.31

0.30

0.40

0.33

0.34

0.27

0.27

0.25

0.30

0.27

0.26

0.24

0.27

0.17

0.15

0.12

0.18

0.13

0.10

0.18

0.16

0.11

0.08

0.22

Diluted

0.51

0.60

0.58

0.57

0.58

0.50

0.46

0.52

0.44

0.26

0.41

0.37

0.32

0.40

0.28

0.31

0.30

0.40

0.33

0.33

0.27

0.27

0.25

0.30

0.26

0.28

0.23

0.27

0.16

0.15

0.12

0.18

0.13

0.10

0.18

0.16

0.11

0.08

0.22

Weighted average shares outstanding, basic

15,262

15,284

15,318

15,329

15,311

15,292

15,267

15,254

15,232

15,216

13,839

13,831

13,801

13,785

13,790

13,280

13,265

13,244

13,358

13,560

13,678

13,753

13,939

14,086

14,228

14,205

14,176

14,128

14,113

14,106

14,103

14,103

14,101

-

14,051

14,012

13,981

11,650

11,646

Weighted average shares outstanding, diluted

15,340

15,407

15,434

15,458

15,447

15,442

15,444

15,429

15,412

15,397

14,013

14,010

14,009

13,922

13,904

13,393

13,386

13,367

13,482

13,686

13,804

13,887

14,072

14,212

14,372

14,409

14,329

14,227

14,194

14,127

14,138

14,107

14,107

-

14,097

14,084

14,060

11,738

11,749

Dividends paid (in thousands)

-

-

2,914

2,759

-

-

2,442

2,441

2,437

-

1,937

1,936

1,931

-

1,666

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid (in thousands)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,593

1,591

-

1,474,639

1,361,581

1,368,998

-

1,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,137

1,138

-

991

847

847

-

846

846,193

846

-

842,800

840

839

-

-