$BSRR
SIERRA BANCORP

2018 Q4 Form 10-Q Financial Statement

#000156459018027670 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $27.04M $26.24M $19.83M
YoY Change 12.05% 32.29% 11.45%
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 $1.070M $1.070M $830.0K
YoY Change 2.88% 28.92% 20.29%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.984M $2.460M $1.397M
YoY Change 87.44% 76.09% 57.5%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $10.90M $9.242M $8.900M
YoY Change 7.4% 3.84% 54.06%
Income Tax $2.997M $2.171M $3.158M
% Of Pretax Income 27.49% 23.49% 35.48%
Net Earnings $7.904M $7.071M $5.742M
YoY Change 95.45% 23.15% 46.14%
Net Earnings / Revenue 29.23% 26.95% 28.95%
Basic Earnings Per Share $0.46 $0.41
Diluted Earnings Per Share $0.51 $0.46 $0.41
COMMON SHARES
Basic Shares Outstanding 15.28M 15.27M 13.84M
Diluted Shares Outstanding 15.44M 14.01M

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $74.13M $65.04M $54.61M
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 $29.50M $30.00M $28.40M
YoY Change 0.38% 5.63% -1.32%
Goodwill $27.36M $27.36M
YoY Change 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 $2.523B $2.463B $2.078B
YoY Change 7.79% 18.53% 5.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $56.10M $16.10M $10.30M
YoY Change 156.16% 56.31% -85.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.40M $16.50M $10.30M
YoY Change 100.0% 60.19% 10.75%
LONG-TERM LIABILITIES
Long-Term Debt $34.80M $34.70M $34.50M
YoY Change 0.58% 0.58% 0.29%
Other Long-Term Liabilities $25.90M $26.40M $24.00M
YoY Change -17.25% 10.0% 53.85%
Total Long-Term Liabilities $60.70M $61.10M $58.50M
YoY Change -7.89% 4.44% 17.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.40M $16.50M $10.30M
Total Long-Term Liabilities $60.70M $61.10M $58.50M
Total Liabilities $2.250B $2.200B $1.859B
YoY Change 7.92% 18.34% 5.34%
SHAREHOLDERS EQUITY
Retained Earnings $158.7M
YoY Change
Common Stock $115.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $273.0M $263.2M $219.1M
YoY Change
Total Liabilities & Shareholders Equity $2.523B $2.463B $2.078B
YoY Change 7.79% 18.53% 5.31%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $7.904M $7.071M $5.742M
YoY Change 95.45% 23.15% 46.14%
Depreciation, Depletion And Amortization $1.070M $1.070M $830.0K
YoY Change 2.88% 28.92% 20.29%
Cash From Operating Activities $5.390M $13.93M $7.250M
YoY Change -76.65% 92.14% -49.69%
INVESTING ACTIVITIES
Capital Expenditures -$270.0K -$570.0K -$670.0K
YoY Change -50.91% -14.93% -68.4%
Acquisitions
YoY Change
Other Investing Activities -$44.08M -$64.77M -$24.49M
YoY Change -174.59% 164.48% -270.19%
Cash From Investing Activities -$44.34M -$65.35M -$25.16M
YoY Change -175.73% 159.74% -305.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 48.05M 31.35M -4.650M
YoY Change -172.69% -774.19% -67.46%
NET CHANGE
Cash From Operating Activities 5.390M 13.93M 7.250M
Cash From Investing Activities -44.34M -65.35M -25.16M
Cash From Financing Activities 48.05M 31.35M -4.650M
Net Change In Cash 9.100M -20.07M -22.56M
YoY Change -41.4% -11.04% -282.08%
FREE CASH FLOW
Cash From Operating Activities $5.390M $13.93M $7.250M
Capital Expenditures -$270.0K -$570.0K -$670.0K
Free Cash Flow $5.660M $14.50M $7.920M
YoY Change -76.05% 83.08% -52.09%

Facts In Submission

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DividendsCommonStockCash
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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CY2018Q3 us-gaap Other Comprehensive Income Loss Before Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Before Tax
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us-gaap Other Comprehensive Income Loss Before Tax
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OtherComprehensiveIncomeLossTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
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ComprehensiveIncomeNetOfTax
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CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4797000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13548000
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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1000
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21773000
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us-gaap Income Taxes Paid
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6497000
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180000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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648000
us-gaap Proceeds From Sale Of Other Assets1
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3987000
us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
99000
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
101000
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
18000
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
176819
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
174876
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
176719
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
186721
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
105800
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
120700
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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105800
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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120700
CY2018Q3 us-gaap Letters Of Credit Outstanding Amount
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CY2017 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Other Comprehensive Income Loss Tax
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1716000
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CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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2365000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
17861000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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414000
us-gaap Profit Loss
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us-gaap Gain Loss On Sale Of Loans And Leases
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bsrr Gain On Sales Of Loans
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bsrr Gain On Sales Of Loans
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Gains Losses On Sales Of Other Real Estate
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733000
us-gaap Gains Losses On Sales Of Other Real Estate
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12000
us-gaap Asset Impairment Charges
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195000
us-gaap Asset Impairment Charges
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75000
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274000
us-gaap Share Based Compensation
ShareBasedCompensation
459000
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us-gaap Depreciation Depletion And Amortization
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us-gaap Adjustment For Amortization
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5083000
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us-gaap Depreciation Amortization And Accretion Net
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bsrr Increase Decrease In Life Insurance Corporate Or Bank Owned Value
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bsrr Increase Decrease In Life Insurance Corporate Or Bank Owned Value
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us-gaap Amortization Of Intangible Assets
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us-gaap Increase Decrease In Other Operating Assets
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5071000
us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Deferred Income Taxes
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956000
us-gaap Increase Decrease In Deferred Income Taxes
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bsrr Net Amortization Of Partnership Investment
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bsrr Net Amortization Of Partnership Investment
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3534000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1165000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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9913000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
22325000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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bsrr Principal Paydowns On Securities Available For Sale
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
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us-gaap Proceeds From Sale Of Foreclosed Assets
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99000
us-gaap Payments To Acquire Life Insurance Policies
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us-gaap Payments To Acquire Life Insurance Policies
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376000
us-gaap Payments For Proceeds From Investments
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us-gaap Payments For Proceeds From Investments
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Deposits
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bsrr Proceeds From Repayments Of Long Term Debt
ProceedsFromRepaymentsOfLongTermDebt
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bsrr Proceeds From Repayments Of Long Term Debt
ProceedsFromRepaymentsOfLongTermDebt
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bsrr Increase In Fed Funds Purchased
IncreaseInFedFundsPurchased
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bsrr Increase In Fed Funds Purchased
IncreaseInFedFundsPurchased
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us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
8372000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
585000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CashAndCashEquivalentsAtCarryingValue
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CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54607000
us-gaap Nature Of Operations
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<div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Note 1 &#8211; The Business of Sierra Bancorp</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.&nbsp;&nbsp;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.&nbsp;&nbsp;The Company exists primarily for the purpose of holding the stock of the Bank and of such other subsidiaries it may acquire or establish.&nbsp;&nbsp;As of September 30, 2018, the Company&#8217;s only other subsidiaries were Sierra Statutory Trust II, Sierra Capital Trust III, and Coast Bancorp Statutory Trust II, which were formed solely to facilitate the issuance of capital trust pass-through securities (&#8220;TRUPS&#8221;).&nbsp;&nbsp;Pursuant to the Financial Accounting Standards Board (&#8220;FASB&#8221;) standard on the consolidation of variable interest entities, these trusts are not reflected on a consolidated basis in the Company&#8217;s financial statements.&nbsp;&nbsp;References herein to the &#8220;Company&#8221; include Sierra Bancorp and its consolidated subsidiary, the Bank, unless the context indicates otherwise. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Bank of the Sierra, a California state-chartered bank headquartered in Porterville, California, offers a full range of retail and commercial banking services via branch offices located throughout California&#8217;s South San Joaquin Valley, the Central Coast, Ventura County, and neighboring communities.&nbsp;&nbsp;The Bank was incorporated in September 1977, and opened for business in January 1978 as a one-branch bank with $1.5 million in capital.&nbsp;&nbsp;Our growth in the ensuing years has largely been organic in nature, but includes four whole-bank acquisitions:&nbsp;&nbsp;Sierra National Bank in 2000, Santa Clara Valley Bank in 2014, Coast National Bank in 2016, and Ojai Community Bank in October 2017.&nbsp;&nbsp;Details on our most recent acquisitions are provided in Note 14 to the consolidated financial statements.&nbsp;&nbsp;We also acquired a branch located in Lompoc, California from Community Bank of Santa Maria in May 2018, and opened a new branch on Palm Avenue in Fresno in September 2018.&nbsp;&nbsp;As of the filing date of this report the Bank operates 40 full service branches and an online branch, and maintains ATMs at all branch locations and seven non-branch locations.&nbsp;&nbsp;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.&nbsp;&nbsp;The Company had total assets of close to $2.5 billion at September 30, 2018, and for a number of years we have claimed the distinction of being the largest bank headquartered in the South San Joaquin Valley.&nbsp;&nbsp;The Bank&#8217;s deposit accounts, which totaled $2.1 billion at September 30, 2018, are insured by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) up to maximum insurable amounts.</p></div>
CY2018Q3 us-gaap Capital
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bsrr Number Of Acquired Banks
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CY2018Q3 bsrr Branch Offices
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2018Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
563800000
us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
992000
us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
15977000
CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
561636000
CY2017 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
3559000
CY2017 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
6866000
CY2018Q3 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
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624
CY2017Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
396
CY2018Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2018Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
236739000
CY2018Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
10962000
CY2018Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
243418000
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4278000
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
177006000
CY2018Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
11137000
CY2017Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
5865000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
23490000
CY2018Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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CY2017Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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CY2018Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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CY2017Q3 us-gaap Debt Securities Available For Sale Realized Loss
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DebtSecuritiesAvailableForSaleRealizedLoss
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us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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CY2018Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2017Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
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DebtSecuritiesAvailableForSaleRealizedGainLoss
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us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2018Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
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CY2018Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
201691000
CY2018Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
49469000
CY2018Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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78510000
CY2018Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
9858000
CY2018Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2018Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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48849000
CY2018Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
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CY2017Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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235714000
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
45075000
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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CY2017Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
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CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2018Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2018Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
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CY2018Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1686053000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
5644000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
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CY2018Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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bsrr Financing Receivable Average Investment Nonaccrual Loans
FinancingReceivableAverageInvestmentNonaccrualLoans
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CY2018Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
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CY2017Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
922000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1304000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1630000
CY2018Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
124000
CY2018Q3 bsrr Increase Decrease In Financing Receivable Modification
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2000
CY2018Q3 bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
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CY2017Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
922000
CY2017Q3 bsrr Increase Decrease In Financing Receivable Modification
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CY2017Q3 bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
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us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
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bsrr Increase Decrease In Financing Receivable Modification
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6000
bsrr Financing Receivable Modifications Reserve
FinancingReceivableModificationsReserve
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us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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bsrr Increase Decrease In Financing Receivable Modification
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bsrr Financing Receivable Modifications Reserve
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us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Accretion
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CY2018Q3 us-gaap Impaired Financing Receivable Related Allowance
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us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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CY2018Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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CY2018Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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CY2018Q3 bsrr Impaired Financing Receivable With No Related Allowance Related Allowance
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us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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CY2017Q4 bsrr Impaired Financing Receivable With No Related Allowance Related Allowance
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CY2017 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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CY2017 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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2000
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
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CY2017Q4 bsrr Impaired Financing Receivable With No Related Allowance
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CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
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CY2017 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2018Q3 us-gaap Allowance For Loan And Lease Losses Real Estate
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CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2529000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
406000
CY2018Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2450000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9463000
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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3849000
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us-gaap Provision For Loan Lease And Other Losses
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CY2018Q3 bsrr Financing Receivable Allowance For Credit Losses Specific Reserves
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1874000
CY2018Q3 bsrr Financing Receivable Allowance For Credit Losses General Reserves
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7589000
CY2018Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
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CY2018Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2017Q4 bsrr Financing Receivable Allowance For Credit Losses Specific Reserves
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7890000
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
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CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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1541407000
bsrr Percentage Of Revenue Excluded From Asc606
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0.82
CY2018Q3 us-gaap Bank Owned Life Insurance Income
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440000
us-gaap Bank Owned Life Insurance Income
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1100000
CY2018Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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10000000
CY2018Q3 us-gaap Allowance For Loan And Lease Losses Loans Acquired
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2000000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2000000

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