By Staff Report Monday, July 28th, 2025

Sierra Bancorp, the parent company of Bank of the Sierra, announced its results for the second quarter of 2025 on July 28, noting that consolidated net income was $10.6 million for the quarter, up from $10.3 million in the same quarter a year ago.

Bank of the Sierra is headquartered in Porterville but has 10 branches in the tri-county area.

For the quarter ended June 30, Sierra Bank recognized diluted earnings per share increasing by 13 cents, or 19%, from the first quarter of 2025, while return on average assets of 1.16% was up from 1.02% in the prior linked quarter.

Total assets increased 4%, or $156 million, to $3.8 billion during the first six months of 2025, while gross loans increased $103.3 million, or 4%, due to a $75.5 million increase in mortgage warehouse loans, during the same period.

Deposits increased by $82.8 million, or 3%. The growth in deposits came primarily from non-interest-bearing demand deposits. There was also a $15 million increase in brokered deposits. Overall, customer deposits increased $67.8 million. Other interest-bearing liabilities increased $92 million.

Sierra Bank also reported a quarterly cash dividend of 25 cents per share that will be paid on Aug. 14 to shareholders of record on Aug. 4.