Bank of the Sierra in Porterville, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of the Sierra in Porterville, California (CA)
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Bank of the Sierra - Overview

  • General
  • FDIC Certificate #: 22597
    Status: Active
    Federal Reserve ID: 662369
    Bank Holding Company (Regulatory Top Holder): Sierra Bancorp (RSSDID: 2976396, Location: Porterville, CA)
    Date Established: January 19, 1978
    WWW: http://www.bankofthesierra.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 26 (Domestic: 26, Interstate: No)
    OTS Docket #: 10050
    FDIC's unique #: 15760
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 19, 1978
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 90 North Main Street, Porterville, CA 93257
    County: Tulare
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sacramento
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Visalia-Tulare-Porterville, CA (#8780)
    Core Based Statistical Area (CBSA): Visalia-Porterville, CA (#47300)
    CBSA Metro Statistical Area: Visalia-Porterville, CA (#47300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,332.3 mil
    Equity capital: $191.1 mil
    Deposits held in domestic offices: $1,091.7 mil
    Return on assets (ROA): 0.72% ($9.6 mil)
    Quarterly return on assets: 0.77% ($10.3 mil)
    Return on Equity (ROE): 5.13% ($9.8 mil)
    Quarterly return on equity: 5.38% ($10.3 mil)
    Net income: $9.5 mil
    Quarterly Net income: $2.6 mil
    Pretax return on assets: 0.85% ($11,324.6 mil)
    Quarterly Pretax return on assets: 0.92% ($12,257.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 383Total employees (full-time equivalent)
  • $1,332,301Total assets
  • $63,036Cash and due from depository institutions
  • $20,231Interest-bearing balances
  • $405,141Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $742,283Net loans & leases
  • $17,283Loan loss allowance
  • $0Trading account assets
  • $20,721Bank premises and fixed assets
  • $15,217Other real estate owned
  • $5,544Goodwill and other intangibles
  • $1,332,301Life insurance assets
  • $80,359All other assets
  • $1,141,165Total liabilities and capital
  • $1,091,663Total liabilities
  • $786,223Total deposits
  • $1,091,663Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 3037.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,120Trading liabilities
  • $0Other borrowed funds
  • $14,345Subordinated debt
  • $191,136All other liabilities
  • $191,136Total equity capital
  • $191,136Total bank equity capital
  • $0Perpetual preferred stock
  • $8,687Common stock
  • $48,141Surplus
  • $134,308Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,354Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $55,989Income earned, not collected on loans
  • $3,452Earning assets
  • $5,368Long-term assets (5+ years)
  • $1,167,655Average Assets, year-to-date
  • $660,654Average Assets, quarterly
  • $1,323,189Volatile liabilities
  • $1,340,237Insider loans
  • $911,613FHLB advances
  • $1,322,432Loans and leases held for sale
  • $37,657Unused loan commitments
  • $34,937Tier 1 (core) risk-based capital
  • $178,918Tier 2 risk-based capital
  • $2,720Total risk weighted assets
  • $0Total unused commitments
  • $154,323Restructured Loans and leases
  • $2,667Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $58,593Total interest income
  • $4,928Total interest expense
  • $53,665Net interest income
  • $12,000Provision for loan and lease losses
  • $10,042Total noninterest income
  • $0Fiduciary activities
  • $9,543Service charges on deposit accounts
  • $0Trading account gains & fees
  • $499Additional noninterest income
  • $42,080Total noninterest expense
  • $20,463Salaries and employee benefits
  • $6,629Premises and equipment expense
  • $14,988Additional noninterest expense
  • $9,627Pre-tax net operating income
  • $1,660Securities gains (losses)
  • $1,776Applicable income taxes
  • $9,511Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,511Net income attributable to bank
  • $0Net charge-offs
  • $9,511Cash dividends
  • $15,855Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.43%Cost of funding earning assets
  • 4.63%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 5.13%Return on equity (ROE)
  • 5.13%Retained earnings to average equity (YTD only)
  • 2.05%Net charge-offs to loans
  • 75.69%Credit loss provision to net charge-offs
  • 1.36%Efficiency ratio
  • 66,052Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 30.87%Noncurrent assets plus other real estate owned to assets
  • 5.34%Noncurrent loans to loans
  • 7.37%Net loans and leases to deposits
  • 68.00%Net loans and leases to core deposits
  • 80.84%Equity capital to assets
  • 14.35%Core capital (leverage) ratio
  • 13.53%Tier 1 risk-based capital ratio
  • 19.63%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $1,323,189Average earning assets
  • $185,562Average equity
  • $1,158,281Average loans

List of branches

  • 26 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015760Bank Of The Sierra90 North Main Street, Porterville, CA 93257January 19, 1978Full Service Brick and Mortar
    1254970West Olive Branch1498 West Olive Avenue, Porterville, CA 93257January 23, 1981Full Service Brick and Mortar
    2254971Lindsay Branch142 South Mirage, Lindsay, CA 93247December 04, 1981Full Service Brick and Mortar
    3254972Exeter Branch1103 West Visalia Road, Exeter, CA 93221November 18, 1988Full Service Brick and Mortar
    4254973Visalia Branch2515 South Mooney Boulevard, Visalia, CA 93291June 03, 1991Full Service Brick and Mortar
    6254975Three Rivers Branch40884 Sierra Drive, Three Rivers, CA 93271Febuary 24, 1994Full Service Brick and Mortar
    7254976Visalia Downtown Branch128 East Main Street, Visalia, CA 93291September 05, 1995Full Service Brick and Mortar
    8264690Dinuba Branch401 East Tulare Street, Dinuba, CA 93618January 01, 1885Full Service Brick and Mortar
    10254978Tulare Branch246 E Tulare Avenue, Tulare, CA 93274June 18, 1998Full Service Brick and Mortar
    11254979Hanford Branch427 West Lacey Boulevard, Hanford, CA 93230January 12, 1999Full Service Brick and Mortar
    12254980Shaw Avenue Branch636 E. Shaw Avenue, Fresno, CA 93710September 22, 1999Full Service Brick and Mortar
    1316838Tehachapi Main Branch224 West F Street, Tehachapi, CA 93561November 01, 1982Full Service Brick and Mortar
    14257024Old Town Branch21000 Mission Street, Tehachapi, CA 93561April 14, 1986Full Service Brick and Mortar
    15285235California City Branch8031 California City Boulevard, California City, CA 93505January 01, 1968Full Service Brick and Mortar
    16257025Bakersfield Ming Branch1621 Mill Rock Way, Bakersfield, CA 93311October 01, 1996Full Service Brick and Mortar
    17419181Herndon Branch7029 N. Ingram Avenue, Fresno, CA 93650June 02, 2003Full Service Brick and Mortar
    18429719Clovis Branch1710 Clovis Avenue, Clovis, CA 93612June 15, 2004Full Service Brick and Mortar
    19446185Reedley Branch1095 W. Manning Street, Reedley, CA 93654December 01, 2005Full Service Brick and Mortar
    20447895Riverlakes Branch4060 Coffee Road, Bakersfield, CA 93309Febuary 15, 2006Full Service Brick and Mortar
    21461453Delano Branch1126 Main Street, Delano, CA 93216March 14, 2007Full Service Brick and Mortar
    22479184Www.Bankofthesierra.com BranchPo Box 1930, Porterville, CA 93258July 01, 2007Full Service Cyber
    23493410Sunnyside Branch5775 E. Kings Canyon Avenue, Fresno, CA 93727November 15, 2008Full Service Brick and Mortar
    24493411East Hills Branch2501 Mt. Vernon Ave, Bakersfield, CA 93306July 01, 2008Full Service Brick and Mortar
    25512566Tulare Prosperity Branch1430 East Prosperity Avenue, Tulare, CA 93274October 24, 2009Full Service Brick and Mortar
    26512567Farmersville Branch400 West Visalia Road, Farmersville, CA 93223March 23, 2010Full Service Brick and Mortar
    27522037Selma Branch2450 Mccall Avenue, Selma, CA 93662Febuary 28, 2011Full Service Brick and Mortar

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