The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.10, while holding $3.3 billion in investment securities that represent the majority of its $3.8 billion asset base.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Cash & Short Term Investments | 3.01B | 604.99M | 756.63M | 1.1B | 1.01B | 1.23B | 615.39M | 680.88M | 634.61M | 628.47M | 650.52M | 556.21M | 561.98M | 503.05M | 442.01M | 469.51M | 42.44M | 66.23M | 46.01M | 44.02M | 52.73M | 50.15M | 36.73M | 53.04M | 55.82M | 40.02M | 44.66M | 31.41M | 24.5M |
| Cash & Due from Banks | 156.37M | 135.63M | 100.66M | 78.6M | 77.13M | 257.53M | 71.42M | 80.08M | 74.13M | 70.14M | 120.44M | 48.62M | 50.09M | 78.01M | 61.82M | 63.04M | 42.44M | 66.23M | 46.01M | 44.02M | 52.73M | 50.15M | 36.73M | 53.04M | 55.82M | 40.02M | 44.66M | 31.41M | 24.5M |
| Short Term Investments | 457.17M | 469.36M | 655.97M | 1.02B | 934.92M | 973.31M | 543.97M | 600.8M | 560.48M | 558.33M | 530.08M | 507.58M | 511.88M | 425.04M | 380.19M | 406.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 3.35B | 3.49B | 3.32B | 3.45B | 3.34B | 2.96B | 2.99B | 2.36B | 2.29B | 2.12B | 1.79B | 1.64B | 1.48B | 1.23B | 1.26B | 1.16B | 1.12B | 1.14B | 1.17B | 1.09B | 1.06B | 923.46M | 884.18M | 687.06M | 589.57M | 573.08M | 528.91M | 407.35M | 354.7M |
| Investments Growth % | 24.49% | 5.13% | -3.68% | 3.26% | 12.8% | -0.99% | 26.59% | 3.01% | 8.14% | 18.26% | 9.49% | 10.69% | 20.59% | -2.41% | 8.55% | 3.8% | -1.95% | -3% | 7.25% | 2.93% | 15.12% | 4.44% | 28.69% | 16.54% | 2.88% | 8.35% | 29.84% | 14.84% | - |
| Long-Term Investments | 11.39B | 3.02B | 2.67B | 2.43B | 2.41B | 1.99B | 2.45B | 1.76B | 1.73B | 1.56B | 1.26B | 1.13B | 968.33M | 802.4M | 877.6M | 752.21M | 1.12B | 1.14B | 1.17B | 1.09B | 1.06B | 923.46M | 884.18M | 687.06M | 589.57M | 573.08M | 528.91M | 407.35M | 354.7M |
| Accounts Receivables | 0 | 14.17M | 16M | 20.35M | 18.35M | 11.25M | 16.07M | 8.23M | 8.59M | 7.68M | 6.35M | 5.81M | 5.85M | 4.99M | 5.09M | 5.37M | 0 | 0 | 0 | 6.86M | 6.69M | 5.1M | 0 | 0 | 0 | 3.77M | 4.9M | 2.5M | 2.4M |
| Goodwill & Intangibles | 27.37M | 27.41M | 27.98M | 28.76M | 29.63M | 30.63M | 31.66M | 32.74M | 33.81M | 33.59M | 11.07M | 7.84M | 7.97M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 3.77M | 4.9M | 0 | 0 |
| Goodwill | 27.36M | 27.36M | 27.36M | 27.36M | 27.36M | 27.36M | 27.36M | 27.36M | 27.36M | 27.36M | 8.27M | 6.91M | 6.91M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 0 | 3.77M | 0 | 0 | 0 |
| Intangible Assets | 13K | 52K | 618K | 1.4M | 2.27M | 3.27M | 4.31M | 5.38M | 6.46M | 6.23M | 2.8M | 930K | 1.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.54M | 0 | 4.9M | 0 | 0 |
| PP&E (Net) | 14.45M | 14.97M | 15.24M | 16.91M | 22.48M | 23.57M | 27.5M | 27.43M | 29.5M | 29.39M | 28.89M | 21.99M | 21.85M | 20.39M | 21.83M | 21.11M | 20.19M | 20.07M | 19.28M | 18.25M | 17.98M | 18.05M | 19.79M | 18.29M | 17.58M | 14.3M | 14.48M | 11.6M | 9.5M |
| Other Assets | 207.75M | 124.23M | 108.83M | 106.61M | 85.04M | 82.33M | 81.72M | 78.71M | 73.6M | 71.52M | 62.69M | 61.59M | 58.52M | 58.8M | 70.04M | 67.68M | 102.16M | 105.28M | 81.86M | 64.82M | 69.05M | 50.38M | 51.23M | 37.73M | 32.61M | 13.69M | 8.2M | 5.53M | 13M |
| Total Current Assets | 613.55M | 619.16M | 772.63M | 1.12B | 1.03B | 1.24B | 631.47M | 689.11M | 643.2M | 636.15M | 656.88M | 562.01M | 567.83M | 510.83M | 450.88M | 477.14M | 42.44M | 66.23M | 46.01M | 50.89M | 59.42M | 55.25M | 36.73M | 53.04M | 55.82M | 43.79M | 49.57M | 33.91M | 26.9M |
| Total Non-Current Assets | 3.14B | 3.21B | 2.84B | 2.61B | 2.58B | 2.13B | 2.59B | 1.9B | 1.88B | 1.7B | 1.38B | 1.23B | 1.07B | 899.42M | 987.03M | 858.27M | 1.24B | 1.27B | 1.28B | 1.18B | 1.16B | 997.44M | 960.75M | 748.63M | 645.29M | 606.62M | 557.16M | 424.47M | 377.2M |
| Total Assets | 3.75B | 3.83B | 3.61B | 3.73B | 3.61B | 3.37B | 3.22B | 2.59B | 2.52B | 2.34B | 2.03B | 1.8B | 1.64B | 1.41B | 1.44B | 1.34B | 1.29B | 1.34B | 1.33B | 1.23B | 1.22B | 1.05B | 997.48M | 801.67M | 701.11M | 650.41M | 606.73M | 458.38M | 404.1M |
| Asset Growth % | 12.84% | 5.95% | -3.1% | 3.36% | 7.05% | 4.67% | 24.17% | 2.83% | 7.79% | 15.12% | 13.16% | 9.72% | 16.1% | -1.92% | 7.68% | 3.8% | -3.67% | 0.7% | 7.5% | 1.54% | 15.43% | 5.53% | 24.43% | 14.34% | 7.8% | 7.2% | 32.36% | 13.43% | - |
| Return on Assets (ROA) | 1.21% | 1.14% | 1.1% | 0.95% | 0.96% | 1.31% | 1.22% | 1.41% | 1.22% | 0.89% | 0.92% | 1.05% | 1% | 0.94% | 0.59% | 0.59% | 0.56% | 0.67% | 1.05% | 1.72% | 1.69% | 1.58% | 1.48% | 1.38% | 1.31% | 1.09% | 1.03% | 1.3% | 1.29% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.46M | 0 | 0 | 0 | 442K | 0 | 619K | 0 |
| Total Debt | 398.38M | 519.05M | 274.09M | 552.59M | 412.86M | 191.38M | 217.16M | 80.66M | 107.23M | 64.64M | 107.5M | 117.63M | 62.38M | 36.9M | 74M | 66.08M | 60.58M | 60.93M | 144.85M | 307.09M | 240.33M | 144.79M | 173.91M | 48.73M | 34.32M | 136.57M | 34.28M | 32.44M | 9.9M |
| Net Debt | 242.01M | 383.43M | 173.43M | 473.98M | 335.73M | -66.15M | 145.75M | 579K | 33.09M | -5.5M | -12.94M | 69.01M | 12.28M | -41.1M | 12.18M | 3.05M | 18.14M | -5.31M | 98.84M | 263.07M | 187.61M | 94.64M | 137.18M | -4.32M | -21.5M | 96.54M | -10.38M | 1.02M | -14.6M |
| Long-Term Debt | 140.57M | 165.5M | 165.23M | 164.96M | 84.69M | 84.44M | 35.12M | 34.95M | 34.77M | 34.59M | 34.41M | 32.93M | 36.93M | 30.93M | 35.93M | 45.93M | 45.93M | 50.93M | 60.93M | 35.93M | 57.93M | 76.93M | 105.93M | 15.46M | 0 | 53.53M | 0 | 0 | 0 |
| Short-Term Debt | 257.81M | 353.55M | 108.86M | 387.62M | 328.17M | 106.94M | 182.04M | 45.71M | 72.46M | 30.05M | 73.09M | 84.7M | 25.45M | 5.97M | 38.07M | 20.16M | 14.65M | 10M | 83.92M | 271.16M | 182.4M | 67.86M | 67.99M | 33.26M | 34.32M | 83.04M | 34.28M | 32.44M | 9.9M |
| Other Liabilities | 66.56M | 68.93M | 91.21M | 77.89M | 45.98M | 35.57M | 35.08M | 35.5M | 25.91M | 31.33M | 24.02M | 23.94M | 21.16M | 17.49M | 15.98M | 14.49M | 14.12M | 14.71M | 13.15M | -22.97M | 15.93M | 12M | 9.73M | 8.49M | 7.8M | -54.06M | 3.88M | 2.81M | 3.3M |
| Total Current Liabilities | 3.18B | 3.23B | 3B | 3.15B | 3.17B | 2.89B | 2.81B | 2.21B | 2.19B | 2.02B | 1.77B | 1.55B | 1.39B | 1.18B | 1.21B | 1.11B | 1.07B | 1.14B | 1.15B | 1.12B | 1.05B | 884.99M | 810.69M | 717.74M | 640.03M | 604.79M | 562.06M | 418.88M | 365.8M |
| Total Non-Current Liabilities | 207.13M | 234.43M | 256.44M | 242.86M | 130.68M | 120.01M | 70.2M | 70.45M | 60.68M | 65.92M | 58.43M | 56.86M | 58.08M | 48.42M | 51.91M | 60.42M | 60.05M | 65.64M | 74.08M | 12.96M | 73.86M | 88.93M | 115.66M | 23.96M | 7.8M | -526K | 3.88M | 2.81M | 3.3M |
| Total Liabilities | 3.39B | 3.46B | 3.26B | 3.39B | 3.31B | 3.01B | 2.88B | 2.28B | 2.25B | 2.08B | 1.83B | 1.61B | 1.45B | 1.23B | 1.26B | 1.17B | 1.13B | 1.2B | 1.22B | 1.13B | 1.12B | 973.92M | 926.35M | 741.7M | 647.83M | 604.27M | 565.94M | 421.69M | 369.1M |
| Total Equity | 363.71M | 364.86M | 357.3M | 338.1M | 303.58M | 362.49M | 343.9M | 309.29M | 273.02M | 255.94M | 205.88M | 190.34M | 187.09M | 181.67M | 173.89M | 168.56M | 159.6M | 134.48M | 106.8M | 99.46M | 90.37M | 78.76M | 71.14M | 59.98M | 53.29M | 46.14M | 40.78M | 36.7M | 35M |
| Equity Growth % | 7.53% | 2.12% | 5.68% | 11.37% | -16.25% | 5.41% | 11.19% | 13.28% | 6.67% | 24.32% | 8.16% | 1.74% | 2.98% | 4.48% | 3.16% | 5.62% | 18.68% | 25.92% | 7.38% | 10.06% | 14.74% | 10.72% | 18.61% | 12.55% | 15.49% | 13.14% | 11.13% | 4.85% | - |
| Equity / Assets (Capital Ratio) | 9.69% | 9.53% | 9.89% | 9.06% | 8.41% | 10.75% | 10.68% | 11.92% | 10.82% | 10.94% | 10.13% | 10.59% | 11.43% | 12.88% | 12.09% | 12.62% | 12.4% | 10.07% | 8.05% | 8.06% | 7.44% | 7.48% | 7.13% | 7.48% | 7.6% | 7.09% | 6.72% | 8.01% | 8.66% |
| Return on Equity (ROE) | 12.67% | 11.72% | 11.67% | 10.86% | 10.11% | 12.18% | 10.85% | 12.35% | 11.22% | 8.46% | 8.87% | 9.57% | 8.27% | 7.52% | 4.78% | 4.74% | 5.01% | 7.4% | 13.01% | 22.15% | 22.69% | 21.61% | 20.36% | 18.3% | 17.78% | 15.83% | 14.15% | 15.65% | 14.86% |
| Book Value per Share | 27.77 | 26.84 | 24.82 | 22.94 | 20.21 | 23.61 | 22.51 | 20.04 | 17.69 | 17.83 | 15.08 | 14.01 | 13.24 | 12.71 | 12.32 | 11.97 | 13.09 | 12.91 | 10.92 | 9.90 | 8.81 | 7.60 | 6.98 | 5.96 | 5.49 | 5.03 | 4.46 | 3.98 | 3.84 |
| Tangible BV per Share | 25.68 | 24.83 | 22.88 | 20.99 | 18.24 | 21.62 | 20.43 | 17.91 | 15.50 | 15.49 | 14.27 | 13.43 | 12.67 | 12.33 | 11.92 | 11.57 | 12.64 | 12.38 | 10.35 | 9.35 | 8.27 | 7.07 | 6.44 | 5.41 | 4.92 | 4.62 | 3.93 | 3.98 | 3.84 |
| Common Stock | 103.02M | 103.39M | 108.97M | 110.45M | 112.93M | 113.01M | 113.38M | 113.18M | 112.51M | 111.14M | 72.63M | 62.4M | 64.15M | 65.78M | 64.38M | 64.32M | 63.48M | 0 | 0 | 0 | 16.1M | 12.22M | 8.83M | 4.51M | 2.81M | 2.29M | 2.29M | 2.29M | 0 |
| Additional Paid-in Capital | 4.18M | 4.64M | 4.51M | 4.58M | 4.15M | 3.91M | 3.74M | 3.31M | 3.07M | 2.94M | 2.83M | 2.69M | 2.6M | 2.65M | 2.66M | 2.22M | 1.65M | 1.25M | 21.89M | 19.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 281.44M | 280M | 275.08M | 259.05M | 243.08M | 234.41M | 208.37M | 186.87M | 164.12M | 144.2M | 132.18M | 122.7M | 116.03M | 112.82M | 103.13M | 98.17M | 93.57M | 89.14M | 83.75M | 80.13M | 75.93M | 68.38M | 62.06M | 54.12M | 48.59M | 42.65M | 37.43M | 34.07M | 30.5M |
| Accumulated OCI | -24.93M | -23.17M | -31.26M | -35.98M | -56.58M | 11.17M | 18.41M | 5.93M | -6.67M | -2.33M | -1.76M | 2.55M | 4.31M | 429K | 3.72M | 3.85M | 898K | 2.72M | 979K | -215K | -1.66M | -1.84M | 246K | 1.34M | 1.88M | 1.21M | 1.07M | 346K | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113.18M | 112.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63.48M | 41.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regional agricultural credit concentration
As reported in financial statements, Sierra Bancorp's total assets have remained remarkably stable at $3.8 billion as of 2026Q1, indicating a strategic preference for balance sheet preservation over aggressive expansion in the current, highly competitive California regional banking environment.
The bank's asset base has shown minimal variance over the last ten quarters, suggesting that management is prioritizing capital preservation and risk-adjusted returns over market share gains. This stability appears to reflect a disciplined approach to organic growth that avoids the risks associated with rapid, acquisition-led expansion.
Based on the provided quarterly data, Sierra Bancorp has consistently maintained an equity-to-assets ratio of approximately 0.10, which suggests a robust capital buffer that provides the institution with significant resilience against potential regional economic shocks or localized agricultural downturns.
The consistency of this ratio over the last ten quarters implies a management team that is highly focused on maintaining a fortress-like capital position. This level of capitalization likely provides the bank with sufficient flexibility to navigate periods of volatility without needing to access dilutive capital markets.
According to recent SEC filings, Sierra Bancorp holds approximately $3.3 billion in investment securities as of 2026Q1, representing the vast majority of its $3.8 billion asset base, which highlights a significant reliance on market-based instruments rather than a traditional loan-heavy balance sheet.
This heavy concentration in securities suggests that the bank's liquidity profile is highly sensitive to interest rate fluctuations and the duration of its investment portfolio. Investors should monitor whether this allocation strategy limits the bank's ability to capture higher yields from the regional agricultural lending market.
As indicated by the financial data, the bank's massive $3.3 billion investment securities portfolio relative to its total assets warrants further investigation into potential unrealized losses and duration mismatches that could emerge if interest rates remain elevated for an extended period.
While the bank appears well-capitalized, the sheer scale of the securities portfolio relative to the total balance sheet creates a non-obvious risk profile. If the market value of these securities were to decline significantly, the bank's equity position could face pressure, even if the assets are held to maturity.
Quick answers to the most common questions about buying BSRR stock.
As of 2025, Sierra Bancorp (BSRR) had total assets of $3.83B including $619.2M in current assets.
Sierra Bancorp (BSRR) carries total debt of $519.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sierra Bancorp (BSRR) has total shareholders' equity (book value) of $364.9M ($26.84 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sierra Bancorp (BSRR) reported a current ratio of 0.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.