By Staff Report Monday, October 27th, 2025

Sierra Bancorp, the parent company of Bank of the Sierra, announced its results for the second quarter of 2025 on Oct. 27, noting that consolidated net income was $9.7 million for the quarter, down from $10.6 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 increased 3% year-over-year, due mostly to continued stock repurchases through 2025.

Gross loans increased $57.2 million, or 9% annualized, to $2.5 billion while customer deposits increased by $13.3 million, or 2% annualized, to $2.7 billion.

Total deposits declined during the quarter by $41.7 million, primarily due to a proactive $55 million reduction in higher-cost brokered deposits, while overall deposits have increased $41.1 million, or 2%, annualized, despite a $40 million decline in higher-cost brokered deposits over the same period.

Noninterest-bearing deposits increased slightly to $1.1 billion at September 30, 2025, and represent 37% of total deposits.