Trade Sierra Bancorp - BSRR CFD

Sierra Bancorp Company profile

About Sierra Bancorp

Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a community-centric regional bank, which offers a range of retail and commercial banking services through full-service branches located within the counties of Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo and Santa Barbara. It also maintains an online branch and provides specialized lending services through an agricultural credit center. Its Internet branch provides the ability to open deposit accounts online; an online banking option with bill-pay and mobile banking capabilities, including mobile check deposit; a customer service center that is accessible by toll-free telephone during business hours, and an automated telephone banking system. It offers a range of other banking products and services to complement and support its lending and deposit products, including remote deposit capture and automated payroll services for business customers.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Sierra Bancorp interest income increased 3% to $113.1M. Net interest income after loan loss provision increased 17% to $112.7M. Net income increased 21% to $43M. Net interest income after loan loss provision reflects Loans and leases, including fees increase of 3% to $99.2M, Tax-exempt securities increase of 9% to $6.2M.

Equity composition

Common Stock no Par, 03/11, 24M auth., 13,976,741 issd. Insiders & Strategic holders own 24.32% . IPO: NA. Company formed through the reorganization of Bank of the Sierra; Basis: Sh.-for-Sh.