$BSRR
SIERRA BANCORP

2015 Q2 Form 10-Q Financial Statement

#000114420415047149 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $15.67M $13.68M
YoY Change 14.52% 4.52%
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 $560.0K $530.0K
YoY Change 5.66% -5.36%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $651.0K $732.0K
YoY Change -11.07% -10.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $6.921M $5.760M
YoY Change 20.16% 12.28%
Income Tax $2.364M $1.523M
% Of Pretax Income 34.16% 26.44%
Net Earnings $4.557M $4.237M
YoY Change 7.55% 11.53%
Net Earnings / Revenue 29.08% 30.97%
Basic Earnings Per Share $0.34 $0.30
Diluted Earnings Per Share $0.33 $0.31
COMMON SHARES
Basic Shares Outstanding 13.56M shares 14.09M shares
Diluted Shares Outstanding 13.69M shares 14.21M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $46.69M $48.82M
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 $22.30M $20.79M
YoY Change 7.22% -0.66%
Goodwill $6.908M $5.544M
YoY Change 24.6% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.734B $1.498B
YoY Change 15.76% 8.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $11.70M $7.750M
YoY Change 50.97%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.30M $6.100M
YoY Change 85.25% 205.0%
LONG-TERM LIABILITIES
Long-Term Debt $32.90M $30.90M
YoY Change 6.47% 0.0%
Other Long-Term Liabilities $20.50M $20.20M
YoY Change 1.49% 32.03%
Total Long-Term Liabilities $53.40M $51.10M
YoY Change 4.5% 10.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.30M $6.100M
Total Long-Term Liabilities $53.40M $51.10M
Total Liabilities $1.548B $1.311B
YoY Change 18.07% 8.96%
SHAREHOLDERS EQUITY
Retained Earnings $117.8M $115.6M
YoY Change 1.93% 7.45%
Common Stock $63.03M $65.31M
YoY Change -3.49% 0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $186.1M $186.9M
YoY Change
Total Liabilities & Shareholders Equity $1.734B $1.498B
YoY Change 15.76% 8.68%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $4.557M $4.237M
YoY Change 7.55% 11.53%
Depreciation, Depletion And Amortization $560.0K $530.0K
YoY Change 5.66% -5.36%
Cash From Operating Activities $14.11M $12.23M
YoY Change 15.37% 17.48%
INVESTING ACTIVITIES
Capital Expenditures -$1.250M -$170.0K
YoY Change 635.29% 21.43%
Acquisitions
YoY Change
Other Investing Activities -$5.530M -$65.77M
YoY Change -91.59% -476.91%
Cash From Investing Activities -$6.780M -$65.95M
YoY Change -89.72% -480.77%
FINANCING ACTIVITIES
Cash Dividend Paid $1.362M $1.138M
YoY Change 19.66% 34.29%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.550M 30.38M
YoY Change -128.14% -449.2%
NET CHANGE
Cash From Operating Activities 14.11M 12.23M
Cash From Investing Activities -6.780M -65.95M
Cash From Financing Activities -8.550M 30.38M
Net Change In Cash -1.220M -23.34M
YoY Change -94.77% -222.65%
FREE CASH FLOW
Cash From Operating Activities $14.11M $12.23M
Capital Expenditures -$1.250M -$170.0K
Free Cash Flow $15.36M $12.40M
YoY Change 23.87% 17.54%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
108000000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
970653000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10549000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
11248000 USD
CY2015Q2 bsrr Deferred Loan And Lease Fees Net
DeferredLoanAndLeaseFeesNet
1898000 USD
CY2014Q4 bsrr Deferred Loan And Lease Fees Net
DeferredLoanAndLeaseFeesNet
1651000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120122000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1064686000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
961056000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22296000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21853000 USD
CY2015Q2 us-gaap Foreclosed Assets
ForeclosedAssets
3393000 USD
CY2015Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
45398000 USD
CY2014Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
48405000 USD
CY2015Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1292000 USD
CY2014Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1690000 USD
CY2015Q2 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
46690000 USD
CY2014Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
50095000 USD
CY2015Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
506919000 USD
CY2014Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
511883000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1073337000 USD
CY2014Q4 us-gaap Foreclosed Assets
ForeclosedAssets
3991000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
6908000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
6908000 USD
CY2015Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
997000 USD
CY2014Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
1064000 USD
CY2015Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
43720000 USD
CY2014Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
42989000 USD
CY2015Q2 us-gaap Other Assets
OtherAssets
38502000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
37481000 USD
CY2015Q2 us-gaap Assets
Assets
1734111000 USD
CY2014Q4 us-gaap Assets
Assets
1637320000 USD
CY2015Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
431348000 USD
CY2014Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
390897000 USD
CY2015Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1040242000 USD
CY2014Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
975798000 USD
CY2015Q2 us-gaap Deposits
Deposits
1471590000 USD
CY2014Q4 us-gaap Deposits
Deposits
1366695000 USD
CY2015Q2 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
11272000 USD
CY2014Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
7251000 USD
CY2015Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
11700000 USD
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
18200000 USD
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
2000000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
6000000 USD
CY2015Q2 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
30928000 USD
CY2014Q4 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
30928000 USD
CY2015Q2 us-gaap Other Liabilities
OtherLiabilities
20515000 USD
CY2014Q4 us-gaap Other Liabilities
OtherLiabilities
21155000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
1548005000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
1450229000 USD
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
63033000 USD
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
64153000 USD
CY2015Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2663000 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2605000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
117809000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
116026000 USD
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2601000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4307000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
186106000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
187091000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1734111000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1637320000 USD
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13404812 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13689181 shares
CY2014Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24000000 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13404812 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13689181 shares
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
25200000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
21408000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4251000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
3701000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1457000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1474000 USD
us-gaap Dividend Income Operating
DividendIncomeOperating
USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
893000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
31000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
9000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
7000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
352000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
349000 USD
us-gaap Interest Expense
InterestExpense
1283000 USD
us-gaap Interest Expense
InterestExpense
1469000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
29736000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25165000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
350000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
29736000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
24815000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
4269000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
3925000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
323000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
287000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
4069000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3513000 USD
us-gaap Noninterest Income
NoninterestIncome
7725000 USD
us-gaap Occupancy Net
OccupancyNet
3326000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
9865000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
7386000 USD
us-gaap Noninterest Expense
NoninterestExpense
26211000 USD
us-gaap Noninterest Expense
NoninterestExpense
21736000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12186000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10804000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3891000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2768000 USD
us-gaap Net Income Loss
NetIncomeLoss
8295000 USD
us-gaap Net Income Loss
NetIncomeLoss
8036000 USD
bsrr Book Value
BookValue
13.88
bsrr Book Value
BookValue
13.34
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13619050 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13745467 shares
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
186922000 USD
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14009139 shares
us-gaap Payments Of Dividends
PaymentsOfDividends
2730579 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
2267656 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14157103 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14291359 shares
CY2015Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
12880000 USD
CY2014Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
11057000 USD
CY2015Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
2003000 USD
CY2014Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1876000 USD
CY2015Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
732000 USD
CY2014Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
733000 USD
CY2015Q2 us-gaap Dividend Income Operating
DividendIncomeOperating
48000 USD
CY2015Q2 us-gaap Interest Income Federal Funds Sold And Securities Purchased Under Agreements To Resell
InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell
6000 USD
CY2014Q2 us-gaap Interest Income Federal Funds Sold And Securities Purchased Under Agreements To Resell
InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell
16000 USD
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
15669000 USD
CY2014Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13682000 USD
CY2014Q2 us-gaap Dividend Income Operating
DividendIncomeOperating
USD
CY2015Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
449000 USD
CY2014Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
553000 USD
CY2015Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
21000 USD
CY2014Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
4000 USD
CY2015Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
3000 USD
CY2014Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
USD
CY2015Q2 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
178000 USD
CY2014Q2 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
175000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
651000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
732000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15018000 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
12950000 USD
CY2015Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
USD
CY2014Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
200000 USD
CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15018000 USD
CY2014Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
12750000 USD
CY2015Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2278000 USD
CY2014Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2039000 USD
CY2015Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
307000 USD
CY2014Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
183000 USD
CY2015Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2069000 USD
CY2014Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1796000 USD
CY2015Q2 us-gaap Noninterest Income
NoninterestIncome
4654000 USD
CY2015Q2 bsrr Book Value
BookValue
13.88
CY2014Q2 bsrr Book Value
BookValue
13.34
CY2015Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2014Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13560091 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14086939 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13686206 shares
CY2014Q2 us-gaap Noninterest Income
NoninterestIncome
4018000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6125000 USD
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5328000 USD
CY2015Q2 us-gaap Occupancy Net
OccupancyNet
1666000 USD
CY2014Q2 us-gaap Occupancy Net
OccupancyNet
1532000 USD
CY2015Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
4960000 USD
CY2014Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
4148000 USD
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
12751000 USD
CY2014Q2 us-gaap Noninterest Expense
NoninterestExpense
11008000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6921000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5760000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2364000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1523000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
4557000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
4237000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14212532 shares
CY2015Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1361581 USD
CY2014Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1137910 USD
us-gaap Nature Of Operations
NatureOfOperations
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><i><font style="text-decoration: underline;">Note 1 &#150; The Business of Sierra Bancorp</font></i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sierra Bancorp (the &#147;Company&#148;) is a California corporation headquartered in Porterville, California, and is a registered bank holding company under federal banking laws. The Company was formed to serve as the holding company for Bank of the Sierra (the &#147;Bank&#148;), and has been the Bank's sole shareholder since August 2001. The Company exists primarily for the purpose of holding the stock of the Bank and of such other subsidiaries it may acquire or establish. At the present time, the Company'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 (&#147;TRUPS&#148;). Pursuant to the Financial Accounting Standards Board (&#147;FASB&#148;) standard on the consolidation of variable interest entities, these trusts are not reflected on a consolidated basis in the Company's financial statements. References herein to the &#147;Company&#148; include Sierra Bancorp and its consolidated subsidiary, the Bank, unless the context indicates otherwise.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Bank is a California state-chartered bank headquartered in Porterville, California. We offer a full range of retail and commercial banking services primarily in Tulare, Kern, Fresno, and Kings Counties in Central California, and in select markets in Southern California including Ventura County, the Santa Clarita Valley, and the San Fernando Valley. Bank of the Sierra was incorporated in September 1977, and opened for business in January 1978 as a one-branch bank with $<font>1.5</font> million in capital and eleven employees. Our growth in the ensuing years has primarily been organic, but includes <font>two</font> acquisitions: Sierra National Bank in the year 2000, and Santa Clara Valley Bank (&#147;SCVB&#148;) in 2014 (see Note 13 to the financial statements, Recent Developments, for details on the SCVB acquisition). We are now the largest bank headquartered in the South San Joaquin Valley, with more than <font>400</font> employees, <font>28</font> full-service branches and a loan production office, and over $<font>1.7</font> billion in assets at June 30, 2015. We have received regulatory approval for another branch in Bakersfield, California, which is expected to commence operations in the first quarter of 2016. In addition to our stand-alone offices the Bank has specialized lending units which include a real estate industries center, an agricultural credit center, and an SBA lending unit, and we operate offsite ATMs at <font>six</font> different non-branch locations. The Bank's deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to maximum insurable amounts.</font></p> </div>
CY2015Q2 us-gaap Capital
Capital
1500000 USD
CY2015Q2 bsrr Number Of Employees
NumberOfEmployees
400 item
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 item
CY2015Q2 bsrr Branch Offices
BranchOffices
28 item
CY2015Q2 bsrr Number Of Non Branch Locations
NumberOFNonBranchLocations
6 item
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
78000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
469000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
173000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
223000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
18000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
126417 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
134831 shares
us-gaap Gain Loss On Investments
GainLossOnInvestments
323000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
287000 USD
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
USD
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
3000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-55000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
33000 USD
us-gaap Depreciation
Depreciation
1119000 USD
us-gaap Depreciation
Depreciation
1038000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
3384000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
3285000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-247000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
129000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
731000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
806000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
108000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-246000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2071000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-640000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2724000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
470000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
833000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Operating Activities
ExcessTaxChargeBenefitFromShareBasedCompensationOperatingActivities
-40000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Operating Activities
ExcessTaxChargeBenefitFromShareBasedCompensationOperatingActivities
USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11749000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17007000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
290000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
450000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
22538000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
9210000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
67813000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
78426000 USD
bsrr Principal Paydowns On Securities Available For Sale
PrincipalPaydownsOnSecuritiesAvailableForSale
44056000 USD
bsrr Principal Paydowns On Securities Available For Sale
PrincipalPaydownsOnSecuritiesAvailableForSale
36274000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
103829000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
90117000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1672000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1439000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
55000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
981000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
4116000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105898000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
104895000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
71948000 USD
bsrr Proceeds From Repayments Of Long Term Debt
ProceedsFromRepaymentsOfLongTermDebt
-10500000 USD
bsrr Proceeds From Repayments Of Long Term Debt
ProceedsFromRepaymentsOfLongTermDebt
7750000 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
4021000 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
120000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5251000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4281000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
349000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
664000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Financing Activities
ExcessTaxChargeBenefitFromShareBasedCompensationFinancingActivities
-40000 USD
bsrr Excess Tax Charge Benefit From Share Based Compensation Financing Activities
ExcessTaxChargeBenefitFromShareBasedCompensationFinancingActivities
USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
90744000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
73933000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3405000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-29182000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50095000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78006000 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46690000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48824000 USD
us-gaap Accretion Expense
AccretionExpense
-526000 USD
us-gaap Accretion Expense
AccretionExpense
USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
504000 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
190000 USD
us-gaap Interest Paid
InterestPaid
1313000 USD
us-gaap Interest Paid
InterestPaid
1516000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4600000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
501000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
184000 USD
us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
981000 USD
us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
4116000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
160000 USD
CY2015Q2 bsrr Impaired Financing Receivable With Specific Reserves
ImpairedFinancingReceivableWithSpecificReserves
2463000 USD
CY2014Q4 bsrr Impaired Financing Receivable With Specific Reserves
ImpairedFinancingReceivableWithSpecificReserves
2714000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
23114000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
23011000 USD
CY2015Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
4651000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
24117000 USD
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
395000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
9977000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
9277000 USD
CY2015Q2 bsrr Impaired Financing Receivable With No Related Allowance Related Allowance
ImpairedFinancingReceivableWithNoRelatedAllowanceRelatedAllowance
USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
13029000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
76000 USD
CY2015Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
33091000 USD
CY2015Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
32288000 USD
CY2015Q2 bsrr Impaired Financing Receivable Recorded Related Allowance
ImpairedFinancingReceivableRecordedRelatedAllowance
-4651000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
37146000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
471000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
18244000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
18043000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
5448000 USD
CY2014 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
19295000 USD
CY2014 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
938000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
19736000 USD
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
18381000 USD
CY2014Q4 bsrr Impaired Financing Receivable With No Related Allowance Related Allowance
ImpairedFinancingReceivableWithNoRelatedAllowanceRelatedAllowance
USD
CY2014 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
27772000 USD
CY2014 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
118000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
37980000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
36424000 USD
CY2014Q4 bsrr Impaired Financing Receivable Recorded Related Allowance
ImpairedFinancingReceivableRecordedRelatedAllowance
-5448000 USD
CY2014 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
47067000 USD
CY2014 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1056000 USD
CY2015Q2 bsrr Loans And Leases Receivable Allowance General Reserves
LoansAndLeasesReceivableAllowanceGeneralReserves
5936000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
11248000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1652000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
953000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10549000 USD
CY2015Q2 bsrr Financing Receivable Allowance For Credit Losses Specific Reserves
FinancingReceivableAllowanceForCreditLossesSpecificReserves
4651000 USD
CY2015Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
32288000 USD
CY2015Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1041049000 USD
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
11677000 USD
CY2014 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
4215000 USD
CY2014 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
3436000 USD
CY2014 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-350000 USD
CY2014Q4 bsrr Financing Receivable Allowance For Credit Losses Specific Reserves
FinancingReceivableAllowanceForCreditLossesSpecificReserves
5448000 USD
CY2014Q4 bsrr Loans And Leases Receivable Allowance General Reserves
LoansAndLeasesReceivableAllowanceGeneralReserves
5800000 USD
CY2014Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
36424000 USD
CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
934229000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
423000 USD
CY2015Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
USD
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10718000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
592000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SIERRA BANCORP
dei Entity Central Index Key
EntityCentralIndexKey
0001130144
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13407412 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-2509000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
5493000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
323000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
287000 USD
CY2014 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
801000 USD
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
61027000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
22828000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
9660000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-2832000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
5206000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1126000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2142000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1706000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3064000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6589000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11100000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
129000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
75000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-2805000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
3927000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
307000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
183000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-3112000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
3744000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1309000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1540000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1803000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2204000 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2754000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6441000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
136000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
118000 USD
CY2015Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
502431000 USD
CY2015Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
193 item
CY2014Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
134 item
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
7051000 USD
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2563000 USD
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
504564000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8738000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1419000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
1929000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
165674000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
634000 USD
CY2015Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
43299000 USD
CY2014 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
618000 USD
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
95227000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
522000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
289000 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
199000 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
2000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
323000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
287000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
2758000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
2798000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
237740000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
240900000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
68802000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
70006000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
50015000 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
50431000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
686000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
694000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
222081000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
225415000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
97949000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
99583000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
54531000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
55705000 USD
CY2015Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
USD
CY2014Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
2000 USD
CY2015Q2 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
307000 USD
CY2014Q2 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
183000 USD
CY2015Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
23400000 USD
bsrr Financing Receivable Average Investment Nonaccrual Loans
FinancingReceivableAverageInvestmentNonaccrualLoans
11600000 USD
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYieldAccretion
215000 USD
CY2015Q2 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2963000 USD
CY2014Q2 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
4995000 USD
CY2015Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
307000 USD
CY2014Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
185000 USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
13715000 USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1059622000 USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
17112000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
23004000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
947649000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
20678000 USD
bsrr Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
1464000 USD
bsrr Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
1464000 USD
bsrr Increase Decrease In Financing Receivable Modification
IncreaseDecreaseInFinancingReceivableModification
133000 USD
bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
251000 USD
bsrr Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
941000 USD
bsrr Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
941000 USD
bsrr Increase Decrease In Financing Receivable Modification
IncreaseDecreaseInFinancingReceivableModification
222000 USD
bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
389000 USD
CY2015Q2 bsrr Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
1105000 USD
CY2014Q2 bsrr Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
689000 USD
CY2015Q2 bsrr Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
1105000 USD
CY2015Q2 bsrr Increase Decrease In Financing Receivable Modification
IncreaseDecreaseInFinancingReceivableModification
148000 USD
CY2015Q2 bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
176000 USD
CY2014Q2 bsrr Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
689000 USD
CY2014Q2 bsrr Increase Decrease In Financing Receivable Modification
IncreaseDecreaseInFinancingReceivableModification
199000 USD
CY2014Q2 bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
379000 USD
CY2015Q2 bsrr Financing Receivable Average Investment Nonaccrual Loans
FinancingReceivableAverageInvestmentNonaccrualLoans
11600000 USD
CY2015Q2 bsrr Purchase Credit Impaired Loans Allowance For Loan Losses
PurchaseCreditImpairedLoansAllowanceForLoanLosses
106000 USD

Files In Submission

Name View Source Status
0001144204-15-047149-index-headers.html Edgar Link pending
0001144204-15-047149-index.html Edgar Link pending
0001144204-15-047149.txt Edgar Link pending
0001144204-15-047149-xbrl.zip Edgar Link pending
bsrr-20150630.xml Edgar Link completed
bsrr-20150630.xsd Edgar Link pending
bsrr-20150630_cal.xml Edgar Link unprocessable
bsrr-20150630_def.xml Edgar Link unprocessable
bsrr-20150630_lab.xml Edgar Link unprocessable
bsrr-20150630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v416732_10q.htm Edgar Link pending
v416732_ex31-1.htm Edgar Link pending
v416732_ex31-2.htm Edgar Link pending
v416732_ex32.htm Edgar Link pending