Bank of the Sierra income down, due in part to rising interest rates
Sierra Bancorp’s net income fell to $9.2 million in the second quarter of 2022, from $11.7 million a year earlier, the bank announced July 25. The parent company of Bank of the Sierra posted net income of 61 cents per diluted share for the quarter ended June 30, compared with 76 cents per diluted share Read More →
Bank of the Sierra reports drop in income
Sierra Bancorp, a Porterville-based banking company with nine branches in the Tri-Counties, reported its net income dropped more than 30% for the first quarter of 2022, compared with the same quarter a year ago. Net income was $7.4 million, or 49 cents per diluted share, for the quarter ended March 31, compared with $11.1 Read More →
Bank of the Sierra reports earnings growth for Q4 and full year of 2021
Bank of the Sierra, a Central Valley-based bank with nine branches in the tri-county region, reported record earnings for 2021, with net income up more than 20% from the previous year. Sierra Bancorp is the parent company of Bank of the Sierra and is headquartered in Porterville, in Tulare County. It reported net income of Read More →
Bank of the Sierra gives $1M to Housing Trust Fund Ventura County
The Housing Trust Fund Ventura County announced a $1 million contribution from Bank of the Sierra on Nov. 30, to fund the nonprofit’s loans to developers who build affordable housing in Ventura County. The award is designated for the organization’s Everyone Deserves a Home Revolving Loan Fund. The community impact note will be pooled with Read More →
Bank of the Sierra earnings up slightly
Sierra Bancorp, the parent company of Bank of the Sierra, reported Oct. 25 that its net income rose slightly in the third quarter, compared to the same quarter a year earlier, while loan volume was down. The bank is headquartered in Porterville and has nine branches in the tri-county region. It had $10.6 million in Read More →
Bank of the Sierra reports record earnings
Sierra Bancorp reported record earnings boosted by lower loan and lease losses and improvements to the overall economy, the bank announced July 19. The parent company of Bank of the Sierra said it had $11.7 million in net income for the quarter ended June 30, or 76 cents per diluted share, compared to $8.3 million Read More →
Bank of the Sierra closes two branches
Sierra Bancorp, the parent company of Bank of the Sierra, permanently closed five branches, including two in San Luis Obispo County, in mid-June. The Porterville-based bank’s branches in Atascadero and Arroyo Grande closed on June 18. In its April quarterly financial report, the bank said it planned to close branches that were located “outside of Read More →
