2013 Q4 Form 10-Q Financial Statement

#000114420413059389 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $13.19M $12.79M $14.19M
YoY Change -1.5% -9.87%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $490.0K $490.0K $620.0K
YoY Change -22.22% -20.97% -12.68%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $743.0K $790.0K $1.063M
YoY Change -23.64% -25.68%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.764M $4.030M $1.314M
YoY Change 180.24% 206.7% -60.78%
Income Tax $895.0K $663.0K -$321.0K
% Of Pretax Income 18.79% 16.45% -24.43%
Net Earnings $3.869M $3.367M $1.635M
YoY Change 84.41% 105.93% -35.38%
Net Earnings / Revenue 29.34% 26.32% 11.52%
Basic Earnings Per Share $0.24 $0.12
Diluted Earnings Per Share $0.27 $0.23 $0.12
COMMON SHARES
Basic Shares Outstanding 14.20M shares 14.18M shares 14.10M shares
Diluted Shares Outstanding 14.33M shares 14.14M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $78.01M $60.97M $45.10M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $20.39M $20.49M $22.20M
YoY Change -6.58% -7.69% 13.85%
Goodwill $5.544M $5.544M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $9.200M
YoY Change
Other Assets $12.30M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.410B $1.383B $1.423B
YoY Change -1.92% -2.81% 5.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $3.600M
YoY Change -100.0% -21.74%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.000M $5.700M $3.600M
YoY Change 328.57% 58.33% -21.74%
LONG-TERM LIABILITIES
Long-Term Debt $30.90M $30.90M $35.90M
YoY Change -13.93% -13.93% -21.79%
Other Long-Term Liabilities $17.50M $17.10M $15.50M
YoY Change 9.38% 10.32% 13.14%
Total Long-Term Liabilities $48.40M $48.00M $51.40M
YoY Change -6.74% -6.61% -13.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.000M $5.700M $3.600M
Total Long-Term Liabilities $48.40M $48.00M $51.40M
Total Liabilities $1.229B $1.205B $1.249B
YoY Change -2.8% -3.49% 5.57%
SHAREHOLDERS EQUITY
Retained Earnings $112.8M $109.9M
YoY Change 9.4%
Common Stock $65.78M $65.51M
YoY Change 2.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $181.7M $178.1M $174.5M
YoY Change
Total Liabilities & Shareholders Equity $1.410B $1.383B $1.423B
YoY Change -1.92% -2.81% 5.34%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $3.869M $3.367M $1.635M
YoY Change 84.41% 105.93% -35.38%
Depreciation, Depletion And Amortization $490.0K $490.0K $620.0K
YoY Change -22.22% -20.97% -12.68%
Cash From Operating Activities $8.900M $8.920M $11.87M
YoY Change -8.9% -24.85% 142.74%
INVESTING ACTIVITIES
Capital Expenditures -$390.0K -$50.00K -$720.0K
YoY Change 85.71% -93.06% 620.0%
Acquisitions
YoY Change
Other Investing Activities -$13.76M -$14.89M -$34.46M
YoY Change 103.55% -56.79% 100.0%
Cash From Investing Activities -$14.16M -$14.93M -$35.18M
YoY Change 103.16% -57.56% 103.12%
FINANCING ACTIVITIES
Cash Dividend Paid $991.9K $846.0K
YoY Change 17.25%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.29M 10.00K 19.49M
YoY Change 60.24% -99.95% 722.36%
NET CHANGE
Cash From Operating Activities 8.900M 8.920M 11.87M
Cash From Investing Activities -14.16M -14.93M -35.18M
Cash From Financing Activities 22.29M 10.00K 19.49M
Net Change In Cash 17.03M -6.000M -3.820M
YoY Change 1.92% 57.07% -62.03%
FREE CASH FLOW
Cash From Operating Activities $8.900M $8.920M $11.87M
Capital Expenditures -$390.0K -$50.00K -$720.0K
Free Cash Flow $9.290M $8.970M $12.59M
YoY Change -6.91% -28.75% 152.3%

Facts In Submission

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51000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
41513000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2490000 USD
CY2012Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
23000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
16000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
41000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
231000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
586000 USD
us-gaap Interest Expense
InterestExpense
3348000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
38165000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
10610000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
27555000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
7229000 USD
CY2012Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1765000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
5213000 USD
CY2012Q3 us-gaap Noninterest Income
NoninterestIncome
4380000 USD
us-gaap Noninterest Income
NoninterestIncome
12456000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
15855000 USD
us-gaap Occupancy Net
OccupancyNet
4721000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
13441000 USD
us-gaap Noninterest Expense
NoninterestExpense
34017000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6141000 USD
us-gaap Net Income Loss
NetIncomeLoss
6087000 USD
bsrr Book Value
BookValue
12.37
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
us-gaap Weighted Average Number Of Shares Outstanding Basic
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14139697 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14102880 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14114962 shares
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2715000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-59000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1080000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3735000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2040000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
756000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-2613000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1434000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-100000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
1836000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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20724000 USD
us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
11926000 USD
us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
10134000 USD
us-gaap Mortgage Loans On Real Estate Foreclosures
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1190000 USD
us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
3735000 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
67000 USD
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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152445 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
117085 shares
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-6348000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
3474000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
161000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
90000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
6000 USD
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
139000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-709000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1610000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
183000 USD
bsrr Provision For Losses
ProvisionForLosses
10610000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
6441000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
304000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1389000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
3662000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
3627000 USD
us-gaap Increase Decrease In Other Operating Assets
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-3119000 USD
us-gaap Increase Decrease Of Restricted Investments
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-438000 USD
us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
-670000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
318000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Operating Activities
ExcessTaxChargeBenefitFromShareBasedCompensationOperatingActivities
253000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Operating Activities
ExcessTaxChargeBenefitFromShareBasedCompensationOperatingActivities
39000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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25196000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28928000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1399000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1080000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
3454000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
11319000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
120352000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
99084000 USD
bsrr Principal Paydowns On Securities Available For Sale
PrincipalPaydownsOnSecuritiesAvailableForSale
76815000 USD
bsrr Principal Paydowns On Securities Available For Sale
PrincipalPaydownsOnSecuritiesAvailableForSale
75953000 USD
us-gaap Payments For Proceeds From Loans And Leases
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us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
125316000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
275000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3204000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
13116000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
13898000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
35196000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125354000 USD
us-gaap Increase Decrease In Deposits
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-22556000 USD
us-gaap Increase Decrease In Deposits
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59585000 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
4277000 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
597000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1121000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
22000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Financing Activities
ExcessTaxChargeBenefitFromShareBasedCompensationFinancingActivities
253000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Financing Activities
ExcessTaxChargeBenefitFromShareBasedCompensationFinancingActivities
39000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-61241000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
78485000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-17941000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61818000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63036000 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60969000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45095000 USD
us-gaap Depreciation
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us-gaap Depreciation
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1813000 USD
bsrr Proceeds From Repayments Of Long Term Debt
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bsrr Proceeds From Repayments Of Long Term Debt
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20780000 USD
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1161000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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1179000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
6000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
161000 USD
CY2013Q3 bsrr Branch Offices
BranchOffices
25 Number
CY2013Q3 bsrr Nonbranch Atm Locations
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6 pure
us-gaap Nature Of Operations
NatureOfOperations
<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><i><u><font style="FONT-SIZE: 10pt">Note 1 &#150; The Business of Sierra Bancorp</font></u></i></b></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">Sierra Bancorp (the &#8220;Company&#8221;) is a California corporation headquartered in Porterville, California, and is a registered bank holding company under federal banking laws.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> The Company was formed to serve as the holding company for Bank of the Sierra (the &#8220;Bank&#8221;), and has been the Bank&#8217;s sole shareholder since August 2001.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> The Company exists primarily for the purpose of holding the stock of the Bank and of such other subsidiaries it may acquire or establish.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> At the present time, the Company&#8217;s only other subsidiaries are Sierra Statutory Trust II and Sierra Capital Trust III, which were formed in March 2004 and June 2006, respectively, solely to facilitate the issuance of capital trust pass-through securities (TRUPS).<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> Pursuant to the Financial Accounting Standards Board&#8217;s (FASB&#8217;s) standard on the consolidation of variable interest entities, these trusts are not reflected on a consolidated basis in the Company&#8217;s financial statements.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> References herein to the &#8220;Company&#8221; include Sierra Bancorp and its consolidated subsidiary, the Bank, unless the context indicates otherwise.</font></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">The Bank is a California state-chartered bank headquartered in Porterville, California, that offers a full range of retail and commercial banking services primarily to communities in the central and southern regions of the San Joaquin Valley.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> Our branch footprint stretches from Fresno on the north to Bakersfield on the south, and on the southern end extends east through the Tehachapi plateau and into the northwestern tip of the Mojave Desert.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> The Bank was incorporated in September 1977 and opened for business in January 1978, and in the ensuing years has grown to be the largest independent bank headquartered in the South San Joaquin Valley.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> Our growth has primarily been organic, but includes the acquisition of Sierra National Bank in 2000.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> We currently operate <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">25</font> full service branch offices throughout our geographic footprint, as well as an internet branch which provides the ability to open deposit accounts online.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> The Bank&#8217;s most recent branching activity includes the relocation of our Clovis branch to a larger facility in a more convenient location in the third quarter of 2012.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> In addition to our full-service branches, the Bank has a real estate industries group, an agricultural credit division, an SBA lending unit, and offsite ATM&#8217;s at <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> six</font> different non-branch locations.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> The Bank&#8217;s deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to maximum insurable amounts.</font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Interest Paid
InterestPaid
2621000 USD
us-gaap Interest Paid
InterestPaid
3087000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
4068000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
61000 USD
bsrr Financing Receivable Average Investment Non Accrual Loans
FinancingReceivableAverageInvestmentNonAccrualLoans
25500000 USD
bsrr Loans Accruals Due
LoansAccrualsDue
P90D
CY2012 bsrr Loans Accruals Due
LoansAccrualsDue
P90D
CY2013Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
42400000 USD
CY2013Q3 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
10936000 USD
CY2013Q3 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
1418000 USD
CY2012 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
1104000 USD
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
118361000 USD
CY2012 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
61000 USD
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
6965000 USD
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35139 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12082 shares
CY2013Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
78000000 USD
CY2012 bsrr Number Of Securities With Unrealized Gross Losses
NumberOfSecuritiesWithUnrealizedGrossLosses
89 pure
bsrr Number Of Securities With Unrealized Gross Losses
NumberOfSecuritiesWithUnrealizedGrossLosses
196 pure
CY2013Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
406113000 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
5281000 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
5305000 USD
CY2012Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
373865000 USD
CY2012 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
7488000 USD
CY2012 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
1165000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
5111000 USD
CY2013Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
193108000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
194000 USD
CY2013Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
8102000 USD
CY2013Q3 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
12048000 USD
CY2013Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
24402000 USD
CY2013Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
785926000 USD
CY2013Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
40041000 USD
CY2012Q4 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
14379000 USD
CY2012Q4 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
2050000 USD
CY2012Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
7359000 USD
CY2012Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
23788000 USD
CY2012Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
856007000 USD
CY2012Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
53094000 USD
bsrr Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
6637000 USD
CY2012 bsrr Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
8467000 USD
CY2013Q3 bsrr Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
1199000 USD
CY2013Q3 bsrr Increase Decrease In Financing Receivable Modification
IncreaseDecreaseInFinancingReceivableModification
203000 USD
CY2013Q3 bsrr Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
1212000 USD
CY2013Q3 bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
208000 USD
bsrr Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
6627000 USD
bsrr Increase Decrease In Financing Receivable Modification
IncreaseDecreaseInFinancingReceivableModification
240000 USD
bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
354000 USD
CY2013Q3 bsrr Subsequent Default Recorded Investment
SubsequentDefaultRecordedInvestment
94000 USD
CY2013Q3 bsrr Financing Receivable Modifications Charge Offs
FinancingReceivableModificationsChargeOffs
46000 USD
bsrr Subsequent Default Recorded Investment
SubsequentDefaultRecordedInvestment
1639000 USD
bsrr Financing Receivable Modifications Charge Offs
FinancingReceivableModificationsChargeOffs
775000 USD
CY2013Q3 bsrr Tier One Risk Based Capital Assets Will Be Allowed
TierOneRiskBasedCapitalAssetsWillBeAllowed
250000000000 USD
CY2013Q3 bsrr Impaired Financing Receivable With Specific Reserves
ImpairedFinancingReceivableWithSpecificReserves
4043000 USD
CY2012Q4 bsrr Impaired Financing Receivable With Specific Reserves
ImpairedFinancingReceivableWithSpecificReserves
4140000 USD
CY2013Q3 bsrr Percentage Of Impaired Loans With Appraisal
PercentageOfImpairedLoansWithAppraisal
0.84 pure
CY2013Q3 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
33893000 USD
CY2013Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
33476000 USD
CY2013Q3 bsrr Impaired Financing Receivable With Related Allowance Related Allowance
ImpairedFinancingReceivableWithRelatedAllowanceRelatedAllowance
6626000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
33930000 USD
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
839000 USD
CY2013Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
31152000 USD
CY2013Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
27684000 USD
CY2013Q3 bsrr Impaired Financing Receivable With No Related Allowance Related Allowance
ImpairedFinancingReceivableWithNoRelatedAllowanceRelatedAllowance
0 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
28410000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
137000 USD
CY2013Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
65045000 USD
CY2013Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
61160000 USD
CY2013Q3 bsrr Impaired Financing Receivable Recorded Related Allowance
ImpairedFinancingReceivableRecordedRelatedAllowance
-6626000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
62340000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
976000 USD
CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
65636000 USD
CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
63870000 USD
CY2012Q4 bsrr Impaired Financing Receivable With Related Allowance Related Allowance
ImpairedFinancingReceivableWithRelatedAllowanceRelatedAllowance
7125000 USD
CY2012 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
65281000 USD
CY2012 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
1390000 USD
CY2012Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
15885000 USD
CY2012Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
14292000 USD
CY2012Q4 bsrr Impaired Financing Receivable With No Related Allowance Related Allowance
ImpairedFinancingReceivableWithNoRelatedAllowanceRelatedAllowance
0 USD
CY2012 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
15123000 USD
CY2012 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
4000 USD
CY2012Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
81521000 USD
CY2012Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
78162000 USD
CY2012Q4 bsrr Impaired Financing Receivable Recorded Related Allowance
ImpairedFinancingReceivableRecordedRelatedAllowance
-7125000 USD
CY2012 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
80404000 USD
CY2012 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1394000 USD
CY2013Q3 bsrr Financing Receivable Recorded Investment Ninety Or More Days Past Due And Still Accruing
FinancingReceivableRecordedInvestmentNinetyOrMoreDaysPastDueAndStillAccruing
0 USD
CY2012Q4 bsrr Financing Receivable Recorded Investment Ninety Or More Days Past Due And Still Accruing
FinancingReceivableRecordedInvestmentNinetyOrMoreDaysPastDueAndStillAccruing
0 USD
CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12180000 USD
CY2013Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1529000 USD
CY2013Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
373000 USD
CY2013Q3 bsrr Provisions For Reversals Of Credit Losses
ProvisionsForReversalsOfCreditLosses
800000 USD
CY2013Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
11824000 USD
CY2012Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13873000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
6186000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1287000 USD
bsrr Provisions For Reversals Of Credit Losses
ProvisionsForReversalsOfCreditLosses
2850000 USD
CY2013Q3 bsrr Financing Receivable Allowance For Credit Losses Specific Reserves
FinancingReceivableAllowanceForCreditLossesSpecificReserves
6626000 USD
CY2013Q3 bsrr Loans And Leases Receivable Allowance General Reserves
LoansAndLeasesReceivableAllowanceGeneralReserves
5198000 USD
CY2013Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
61160000 USD
CY2013Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
749168000 USD
CY2011Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17283000 USD
CY2012 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
18778000 USD
CY2012 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1158000 USD
CY2012 bsrr Provisions For Reversals Of Credit Losses
ProvisionsForReversalsOfCreditLosses
14210000 USD
CY2012Q4 bsrr Financing Receivable Allowance For Credit Losses Specific Reserves
FinancingReceivableAllowanceForCreditLossesSpecificReserves
7125000 USD
CY2012Q4 bsrr Loans And Leases Receivable Allowance General Reserves
LoansAndLeasesReceivableAllowanceGeneralReserves
6748000 USD
CY2012Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
78162000 USD
CY2012Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
801633000 USD
CY2013Q3 bsrr Loan Payments Delinquency Period Beyond Which Loan Is Considered Non Accrual
LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredNonAccrual
P90D
CY2013Q3 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.025 pure

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