Form 8-K

8-K — SIERRA BANCORP

Accession: 0001437749-26-033465

Filed: 2026-10-26

Period: 2026-10-26

CIK: 0001130144

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — bsrr20260914_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_1016422.htm)

GRAPHIC (bsrr_logosm.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: bsrr20260914_8k.htm · Sequence: 1

bsrr20260914_8k.htm

false

0001130144

2026-10-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 26, 2026

SIERRA BANCORP

(Exact name of registrant as specified in its charter)

California

000-33063

33-0937517

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

86 North Main Street, Porterville, CA 93257

(Address of principal executive offices) (Zip code)

(559) 782-4900

(Registrant’s telephone number including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value

BSRR

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02

RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 26, 2026, Sierra Bancorp issued a press release announcing its unaudited consolidated financial results for the three- and nine-month periods ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report.

The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits. The information required to be furnished pursuant to this item is set forth in the Exhibit Index which appears below, immediately before the signatures.

EXHIBIT INDEX

Exhibit No.

Description

99.1

Press release issued by Sierra Bancorp dated October 26, 2026

104

Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SIERRA BANCORP

Dated: October 26, 2026

By:

/s/ Christopher G. Treece

Christopher G. Treece

Executive Vice President &

Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_1016422.htm · Sequence: 2

ex_1016422.htm

Exhibit 99.1

FOR IMMEDIATE RELEASE

Date:

October 26, 2026

Contact:

Kevin McPhaill, President/CEO

Phone:

(559) 782‑4900 or (888) 454‑BANK

Website Address:

www.sierrabancorp.com

SIERRA BANCORP REPORTS RECORD QUARTERLY INCOME

Porterville, Calif. – (BUSINESS WIRE) – Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced its unaudited financial results for the three- and nine-month periods ended September 30, 2026. Sierra Bancorp reported consolidated net income of $15.3 million, or $1.18 per diluted share, for the third quarter of 2026, compared to $9.7 million, or $0.72 per diluted share, in the third quarter of 2025. Return on average assets was 1.66% and return on average equity was 16.49% for the third quarter of 2026, compared to 1.04% and 10.81%, respectively, for the same period in 2025.

For the first nine months of 2026, the Company recognized net income of $37.7 million, or $2.90 per diluted share, as compared to $29.4 million, or $2.15 per diluted share, for the same period in 2025. The Company's improved financial performance metrics for the first nine months of 2026 include a net interest margin of 3.80% and an efficiency ratio of 56.73%, as compared to a net interest margin of 3.73% and efficiency ratio of 59.32% for the same period in 2025.

Highlights for the third quarter and first nine months of 2026:

●

Strong Quarterly Earnings and Profitability (third quarter 2026 compared to same period last year)

Diluted earnings per share increased 64% to $1.18 per share.

Return on average assets rose to 1.66%, as compared to 1.04%.

Return on average equity expanded to 16.49%, as compared to 10.81%.

Net interest margin remained strong at 3.91%, increasing 13 basis points from 3.78%.

Efficiency ratio(1) improved to 54.86%, as compared to 58.05%.

Noninterest income over average assets remains high at 0.84% annualized, as compared to 0.86%.

●

Deposit Franchise Strength and Low Cost of Funds

Total deposits increased $108.3 million, or 4%, from December 31, 2025.

Noninterest-bearing deposits of $1.06 billion at September 30, 2026, represent 35.4% of total deposits.

Cost of total deposits declined to 1.19% for the third quarter of 2026 compared to 1.30% in the third quarter of 2025, while cost of funds decreased to 1.30% from 1.45% for the same comparative period.

Core non-maturity deposits increased $122.5 million, or 6%, from December 31, 2025.

Uninsured deposits, exclusive of public funds, are approximately 26% of total deposit balances.

●

Solid Capital Position

Tangible book value(1)

per share increased to $25.79 at September 30, 2026, compared to $25.42 at December 31, 2025.

Declared dividend of $0.27 per share, payable on November 9, 2026.

Strong regulatory Community Bank Leverage Ratio of 12.43%, at September 30, 2026, for our subsidiary Bank.

Tangible common equity ratio(1)

of 9.17%, at September 30, 2026, on a consolidated basis.

Overall primary and secondary liquidity sources of $2.0 billion at September 30, 2026.

●

Improved Asset Quality

Nonperforming loans / gross loans declined to 0.38% at September 30, 2026, as compared to 0.52% at December 31, 2025.

Past due loans declined to $2.5 million as compared to $6.8 million at December 31, 2025.

Classified loans reduced to $27.0 million as compared to $31.4 million at December 31, 2025.

(1)

See reconciliation of non-GAAP financial measures to the corresponding GAAP measurement in "Non-GAAP Financial Measures."

Sierra Bancorp Financial Results

October 26, 2026

Page 2

“You were born to win, but to be a winner, you must plan to win, prepare to win, and expect to win.” – Zig Ziglar

“It was an incredible quarter for our Bank as we earned record-breaking results!” exclaimed Kevin McPhaill, CEO and President. “In a highly competitive environment coupled with economic uncertainty, we achieved record profits, solid core deposit growth, and our highest quarterly gross loan production since 2020. This is a testament to our team’s consistent and disciplined execution of our strategy, which focuses on people and improved processes in order to achieve strong profitability growth. When that strategy is combined with outstanding relationships in our communities, you get the superb outcomes we see today! While the thrill of announcing excellent results is wonderful, I remain even more optimistic about our future opportunities as we ‘plan to win, prepare to win, and expect to win.’” concluded Mr. McPhaill.

Quarterly Income Changes (comparisons to the third quarter of 2025)

●

Net income increased $5.6 million, or 58%, to $15.3 million for the third quarter of 2026 due primarily to a favorable change in provision (benefit) for credit losses, as well as higher net interest income, a reduction in noninterest expense, and a lower effective tax rate. The change in provision (benefit) for credit losses was caused by a release of allowance in the third quarter of 2026 due mostly to the $2.5 million payoff of a lumber related loan which had been previously fully reserved as an individually evaluated loan.

●

Net interest income increased $0.4 million, or 1%, to $32.4 million. Included in net interest income was a $1.1 million recovery of interest on a separate agricultural nonperforming loan that was paid in full. Net interest margin expanded to 3.91% from 3.78% in the third quarter of 2025.

●

Noninterest income and noninterest expense changes included a $0.5 million decrease in earnings from separate-account life insurance and a $0.3 million decrease in deferred compensation expense. Separate-account life insurance income and deferred compensation expense are designed to offset each other.

●

Overall noninterest expense decreased by $1.3 million primarily due to lower salaries and employee benefits expense and reduced deposit service costs. Salaries and employee benefits, excluding deferred compensation, declined $0.6 million, primarily due to a reduction of full-time equivalent staffing levels.

●

Pre-tax pre-provision income(1) increased to $17.8 million compared to $16.4 million in the third quarter of 2025. The effective tax rate during the quarter was 22.7% as compared to 23.6% for the same period in 2025. The decline in the effective tax rate is due mostly to the purchase of a tax equity investment in the third quarter of 2026.

Linked Quarter Income Changes (comparisons to the second quarter of 2026)

●

Net income increased $5.4 million, or 54%, for the third quarter of 2026. The increase was driven primarily by a $4.3 million favorable change in credit loss (benefit) expense on loans, a $2.0 million increase in net interest income, and a $1.2 million decrease in noninterest expense. These favorable changes were partially offset by a $0.9 million decrease in noninterest income. The favorable change in credit loss (benefit) expense is related to the full payment of the lumber related loan in the third quarter of 2026 which had been previously fully reserved.

●

Net interest income increased $2.0 million, or 6%, from the linked quarter. Included in this change was a $1.1 million recovery of interest on a separate nonperforming agricultural loan. The remainder of the increase was primarily attributable to higher earning asset yields and balances, while overall funding costs remained relatively flat. Net interest margin expanded to 3.91% from 3.74% in the linked quarter. Overall loan production activity continued to increase throughout the quarter and the pipeline at September 30, 2026, remains elevated similar to the prior quarter end.

●

Noninterest income changes included a $1.3 million decrease in earnings from separate-account life insurance associated with deferred compensation arrangements, offset by a $1.0 million decrease in related deferred compensation expense, recorded in noninterest expense. Deferred compensation expense decreased primarily due to smaller increases in participant account values resulting from declining market performance during the quarter.

●

Other changes to noninterest income outside of the above-mentioned items included a $0.2 million increase in FHLB dividends and a $0.1 million increase in service charge income, primarily driven by higher business analysis fees,

●

Pre-tax pre-provision income(1) increased $2.3 million, or 15%, to $17.8 million.

(1)

See reconciliation of non-GAAP financial measures to the corresponding GAAP measurement in "Non-GAAP Financial Measures."

Sierra Bancorp Financial Results

October 26, 2026

Page 3

Year-to-Date Income Changes (comparisons to the first nine months of 2025)

●

Net income increased $8.3 million, or 28%, to $37.7 million for the first nine months of 2026. The increase was driven primarily by a $6.8 million reduction in credit loss (benefit) expense, a $2.2 million decline in noninterest expense, a $1.0 million increase in noninterest income, and a $0.7 million improvement in net interest income. Diluted earnings per share increased 35% to $2.90 compared to $2.15 for the same period in 2025.

●

Net interest income increased $0.7 million, or 1%, compared to the first nine months of 2025. Included in the increase was a $1.1 million recovery of interest as described above in the quarterly comparison. Tax-equivalent net interest margin increased seven basis points to 3.80% from 3.73%, driven by lower funding costs. Cost of funds declined to 1.32% from 1.47%, while the cost of deposits decreased to 1.16% from 1.31%.

●

Noninterest income increased $1.0 million, or 4%, compared to the first nine months of 2025. The increase was primarily attributable to a $0.4 million gain on the sale of fixed assets, a $0.3 million increase in cash surrender value income from bank-owned life insurance, and higher service charges and fee income.

●

Noninterest expense decreased $2.2 million, or 3%, compared to the first nine months of 2025. The reduction was driven primarily by lower salaries and employee benefits expense, lower deposit service costs, and reduced other operating expenses.

●

Pre-tax pre-provision income(1)

increased $3.8 million, or 8%, to $50.0 million for the first nine months of 2026. The effective tax rate during the first nine months of 2026 was 24.2% as compared to 24.9% for the same period in 2025. The decline is due mostly to the purchase of a tax equity investment in the third quarter of 2026.

Balance Sheet Changes (comparisons to December 31, 2025, unless otherwise noted)

●

Total assets decreased $154.1 million, or 4%, to $3.68 billion at September 30, 2026. The decrease was primarily attributable to a $158.0 million reduction in mortgage warehouse loan balances and a $53.7 million decline in investment securities, partially offset by growth in commercial real estate loans as detailed below.

●

Gross loans decreased $118.3 million, or 5%, to $2.43 billion. The decline was primarily driven by a $158.0 million decrease in mortgage warehouse facilities, a $12.9 million decrease in other commercial loans, a $17.5 million decrease in residential real estate loans, and a $5.2 million decrease in farmland loans. These decreases were partially offset by a $74.1 million increase in commercial real estate loans and a $1.5 million increase in other construction and land development loans.

●

New credit extended, excluding changes in line of credit and mortgage warehouse utilization, totaled $123.7 million during the third quarter of 2026, representing the Company's highest quarterly level of loan production since the fourth quarter of 2020 and reflecting continued strength in commercial lending activity.

●

Commercial real estate lending activity strengthened during the third quarter of 2026. Commercial real estate balances increased $75.3 million during the quarter, while mortgage warehouse balances declined $97.1 million. Average commercial and industrial loan balances increased 15% from the linked quarter, reflecting continued success in originating relationship-based commercial lending.

●

Mortgage warehouse balances declined $158.0 million, or 30%, from December 31, 2025, as the Company temporarily paused growth in mortgage warehouse to allow our focus to be on enhanced controls amid elevated interest rate volatility and increased market uncertainty. The focus reflects a disciplined approach to managing risk while preserving profitability, as average third quarter mortgage warehouse balances declined only $20.8 million from the linked quarter and associated mortgage warehouse interest income only declined by $0.2 million.

●

Total deposits increased $108.3 million, or 4%, to $2.98 billion. Growth was concentrated in core deposit categories, including a $59.5 million increase in noninterest-bearing demand deposits, a $35.0 million increase in interest-bearing transaction accounts, and a $28.9 million increase in money market deposits. Customer deposits increased $106.3 million, while brokered deposits increased $2.1 million during the period.

●

Other interest-bearing liabilities declined $250.7 million, or 83%, to $52.0 million at September 30, 2026, from $302.7 million at December 31, 2025. The decline primarily reflects a significant reduction in overnight borrowings as mortgage warehouse balances decreased and deposit growth strengthened.

●

Asset quality metrics continued to improve during the first nine months of 2026. Nonperforming assets declined to $9.3 million, or 0.38% of loans plus foreclosed assets, compared to $14.8 million, or 0.58%, at December 31, 2025. Classified loans declined to $27.0 million from $31.4 million at year-end 2025.

(1)

See reconciliation of non-GAAP financial measures to the corresponding GAAP measurement in "Non-GAAP Financial Measures."

Sierra Bancorp Financial Results

October 26, 2026

Page 4

Other financial highlights are reflected in the following table.

FINANCIAL HIGHLIGHTS

(Dollars in Thousands, Except Per Share Data, Unaudited)

As of or for the

three months ended

nine months ended

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Net income

15,281

9,919

9,699

37,720

29,433

Diluted earnings per share

1.18

0.77

0.72

2.90

2.15

Return on average assets

1.66

1.09

1.04

1.38

1.07

Return on average equity

16.49

10.90

10.81

13.77

11.11

Net interest margin (tax-equivalent)

(1)

3.91

3.74

3.78

3.80

3.73

Yield on average loans

5.42

5.22

5.36

5.30

Yield on investments

4.50

4.48

4.73

4.47

4.74

Cost of average total deposits

(3)

1.19

1.11

1.30

1.16

1.31

Cost of funds

(3)

1.30

1.31

1.45

1.32

1.47

Efficiency ratio (tax-equivalent)

(1) (2)

54.86

58.91

58.05

56.73

59.32

Total assets

3,675,200

3,720,611

3,709,377

3,675,200

3,709,377

Gross loans, amortized cost

2,428,511

2,456,060

2,491,788

2,428,511

2,491,788

Noninterest demand deposits

1,055,117

1,026,319

1,072,927

1,055,117

1,072,927

Total deposits

2,984,741

2,930,991

2,932,760

2,984,741

2,932,760

Noninterest-bearing deposits over total deposits

35.4

35.0

36.6

35.4

36.6

Shareholders' equity / total assets

9.84

9.86

9.71

9.84

9.71

Tangible common equity ratio

(2)

9.17

9.19

9.03

9.17

9.03

Book value per share

27.90

28.30

26.71

27.90

26.71

Tangible book value per share

(2)

25.79

26.19

24.67

25.79

24.67

Community bank leverage ratio (subsidiary bank)

12.43

13.25

11.73

12.43

11.73

Tangible common equity ratio (subsidiary bank)

(2)

11.24

11.37

11.08

11.24

11.08

(1)

Computed on a tax equivalent basis utilizing a federal income tax rate of 21%.

(2)

See reconciliation of non-GAAP financial measures to the corresponding GAAP measurement in "Non-GAAP Financial Measures".

(3)

Includes noninterest bearing deposits.

INCOME STATEMENT HIGHLIGHTS

Net Interest Income

Net interest income was $32.4 million for the third quarter of 2026, an increase of $0.4 million, or 1%, compared to the third quarter of 2025. The increase was primarily attributable to lower funding costs, higher loan yields, and the recovery of approximately $1.1 million of previously unrecognized interest income associated with an agricultural production nonaccrual loan that paid in full during the quarter. This credit relationship is unrelated to the agricultural production credit discussed in the Credit Loss Expense section. The favorable interest recovery was partially offset by lower average investment securities balances and yields. Interest expense declined $1.4 million, or 12%, from the prior-year quarter, reflecting lower rates on deposits and borrowed funds and a decrease in the average balance of borrowed funds.

For the third quarter of 2026, average interest-earning assets decreased $67.4 million, or 2%, from the same period in 2025, while the yield on those assets remained relatively stable at 5.17%, compared to 5.18% in the prior-year quarter. The decline in average earning assets was primarily attributable to lower investment securities balances, partially offset by growth in average commercial real estate and mortgage warehouse loan balances.

Average interest-bearing liabilities decreased $45.6 million, or 2%, compared to the third quarter of 2025, while the cost of those liabilities declined 21 basis points to 1.92%. The decrease in funding costs was primarily attributable to lower costs on interest-bearing deposits and borrowed funds. Average customer time deposits declined $42.2 million from the prior-year quarter and brokered deposit costs decreased 33 basis points, contributing to the improvement in overall funding costs.

The reduction in funding costs and improvement in loan yields more than offset modest pressure on earning asset balances, resulting in a 13 basis point increase in tax-equivalent net interest margin to 3.91%, compared to 3.78% in the third quarter of 2025.

Sierra Bancorp Financial Results

October 26, 2026

Page 5

Compared to the linked quarter, net interest income increased $2.0 million, or 6%, driven by higher earning asset yields and a favorable funding mix. The increase in loan yields was partially due to the recovery of approximately $1.1 million of previously unrecognized interest income associated with an agricultural production nonaccrual loan that paid in full during the third quarter. While deposit and borrowing costs increased modestly during the quarter, the overall cost of interest-bearing liabilities remained unchanged at 1.92% as average balances of higher-cost overnight and short-term borrowings declined $89.0 million. Average interest-earning assets increased $19.4 million, while the yield on those assets increased 15 basis points to 5.17%. Net interest margin expanded 17 basis points to 3.91% in the third quarter of 2026 from 3.74% in the second quarter of 2026.

The Company temporarily paused growth within its mortgage warehouse portfolio during the quarter in response to elevated interest rate volatility and changing conditions in the residential mortgage market. Enhanced reviews of our customer's credit risk profiles, including hedging positions and pipelines, resulted in a more selective approach to extending mortgage warehouse credit at the end of the third quarter 2026. Despite a decline of $97.1 million in period-end mortgage warehouse balances during the quarter, average mortgage warehouse balances decreased by only $20.8 million compared to the linked quarter, while related interest income declined slightly by $0.2 million, reflecting the continued profitability of the portfolio.

Net interest income for the first nine months of 2026 increased $0.7 million, or 1%, to $93.4 million, compared to the same period in 2025. The increase was primarily attributable to lower funding costs and the recovery of approximately $1.1 million of previously unrecognized interest income associated with a nonaccrual loan that paid in full during the third quarter, partially offset by lower average investment securities balances. Average interest-earning assets decreased $35.7 million, or 1%, while the tax-equivalent yield on earning assets declined seven basis points to 5.07%.

For the first nine months of 2026, interest expense decreased $3.7 million, or 10%, to $31.7 million. The decrease was driven by a 22 basis point reduction in the cost of interest-bearing liabilities to 1.93%, reflecting favorable repricing of deposits and wholesale funding balances. As a result, tax-equivalent net interest margin increased seven basis points to 3.80%, compared to 3.73% for the same period in 2025.

The Company had $1.8 billion in adjustable and variable rate loans and $196.9 million in floating rate bonds, as compared to $201.6 million in floating rate CDs and $36.1 million in floating rate trust preferred securities at September 30, 2026. Included in the $1.8 billion of adjustable and variable rate loans was approximately $360.3 million of mortgage warehouse facilities, or 15% of the Company's loan portfolio. Although these loans do not generally reprice while outstanding, their short duration and rapid turnover result in yields that adjust quickly to changes in market interest rates. Additionally, approximately $158.5 million of collateralized loan obligations within the available-for-sale investment security portfolio continue to provide asset sensitivity through periodic rate resets. In addition, there were $647.7 million of fixed-term deposits that reprice or mature within twelve months.

Credit Loss Expense

Credit loss expense on loans was a benefit of $2.0 million for the third quarter of 2026, compared to expense of $3.7 million for the third quarter of 2025, and expense of $2.2 million in the prior linked quarter. For the first nine months of 2026, credit loss expense on loans was $0.3 million, compared to $6.9 million for the same period in 2025.

The third quarter provision reversal was primarily attributable to the resolution of a previously identified agricultural production lending relationship in the lumber industry. During the second quarter of 2026, the Company established a $2.5 million specific reserve on the credit due to elevated repayment risk. During the third quarter, the credit relationship was resolved through the sale of the note to another creditor. As a result, the Company recovered substantially all principal, accrued interest, and fees associated with the relationship, resulting in a $0.1 million charge-off and the reversal of the previously established specific reserve. The resolution of this relationship contributed to a reduction in the allowance for credit losses on loans from $23.6 million at June 30, 2026, to $21.7 million at September 30, 2026. The nonaccrual agricultural production credit discussed in the Net Interest Income section is unrelated to the previously reserved agricultural production relationship in the lumber industry discussed in the Credit Loss Expense and Asset Quality sections. Excluding the impact of this previously reserved credit relationship, credit quality trends across the remainder of the loan portfolio were stable to improved during the quarter. Nonperforming assets declined to $9.3 million at September 30, 2026, from $14.8 million at December 31, 2025, classified loans declined to $27.0 million from $31.4 million, and loans past due 30 to 89 days improved to $2.5 million from $6.8 million at year-end 2025.

The Company recorded credit loss expense on unfunded commitments of $10,000 during the third quarter of 2026 and a benefit of $130,000 for the first nine months of 2026, compared to a benefit of $20,000 and expense of $80,000, respectively, during the comparable 2025 periods.

Sierra Bancorp Financial Results

October 26, 2026

Page 6

The Company also recorded an immaterial benefit related to credit losses on held-to-maturity debt securities during the first nine months of 2026. No provision for credit losses was recorded on available-for-sale debt securities during the periods presented. Although the unrealized loss position of the Company's investment portfolio deteriorated during the quarter, the declines in fair value were attributable to changes in market interest rates and not to expected credit losses.

Noninterest Income

Total noninterest income was $7.7 million for the third quarter of 2026, a decrease of $0.9 million, or 10%, from $8.6 million in the linked quarter. The decrease was primarily attributable to a $1.3 million decline in earnings on separate-account life insurance, reflecting market-driven changes in the value of the underlying investment alternatives. The decline was partially offset by a $0.2 million increase in FHLB dividends due to a special dividend received in the third quarter of 2026, and a $0.1 million increase in service charges and fees on deposit accounts.

Compared to the third quarter of 2025, total noninterest income decreased $0.3 million, or 4%, from $8.1 million. The decrease was primarily attributable to a $0.5 million decline in earnings on separate-account life insurance, partially offset by increases in service charges and fees on deposit accounts and the above-mentioned special FHLB dividend.

For the first nine months of 2026, noninterest income increased $1.0 million, or 4%, to $24.3 million compared to $23.3 million for the same period in 2025. The increase was primarily driven by a $0.4 million gain on the sale of fixed assets, a $0.3 million increase in cash surrender value income from life insurance, a $0.3 million increase in service charges and fees on deposit accounts, and a $0.2 million increase in other income. These favorable variances were partially offset by the absence of securities gains recognized during the first nine months of 2025.

The Company’s non‑qualified deferred compensation plan for officers and directors allows participants to defer a portion of their earnings and select from various hypothetical investment alternatives to determine their individual returns. The Company economically offsets this liability with separate-account life insurance policies that are invested in similar underlying fund types within the life insurance policy. Because the deferred compensation liability and the separate-account life insurance asset are not contractually linked, differences in balances, fund performance, and insurance costs can result in temporary timing mismatches between changes in separate-account life insurance income and the related deferred compensation expense.

Noninterest Expense

Total noninterest expense decreased $1.2 million, or 5%, to $22.3 million during the third quarter of 2026 from $23.5 million in the linked quarter. The decrease was primarily attributable to a $0.9 million decline in deferred directors' fee expense, a $0.4 million reduction in salaries and employee benefits expense, and lower data processing and deposit service costs. These favorable variances were partially offset by higher legal and accounting expenses and higher debit card losses.

Compared to the third quarter of 2025, total noninterest expense decreased $1.3 million, or 6%, from $23.6 million. Salaries and employee benefits expense declined $0.7 million, primarily due to lower full-time equivalent staffing levels, and deposit service costs decreased $0.3 million. These favorable variances were partially offset by increases in legal and accounting expenses and director-related costs.

For the first nine months of 2026, noninterest expense decreased $2.2 million, or 3%, to $67.7 million from $69.8 million for the same period in 2025. Salaries and employee benefits expense decreased $1.0 million, deposit service costs declined $0.4 million, and other operating expenses decreased $0.4 million. These improvements were partially offset by higher occupancy costs and increased legal and accounting expenses. The Company's efficiency ratio improved to 56.73% for the first nine months of 2026, compared to 59.32% for the same period in 2025.

Overall full-time equivalent employees were 447 at September 30, 2026, as compared to 465 at December 31, 2025, and 476 at September 30, 2025.

The Company's effective tax rate was 22.7% for the third quarter of 2026, compared to 23.6% for the third quarter of 2025 and 25.3% in the linked quarter. For the first nine months of 2026, the effective tax rate was 24.2%, compared to 24.9% for the same period in 2025. The Company's effective tax rate declined during the third quarter of 2026 primarily due to the recognition of expected tax benefits associated with its renewable energy tax equity investment, consistent with management's estimate of credits expected to be realized during 2026.

Sierra Bancorp Financial Results

October 26, 2026

Page 7

Balance Sheet Summary

Total assets decreased $154.1 million, or 4%, during the first nine months of 2026 to $3.68 billion at September 30, 2026. The decline was primarily attributable to a $118.3 million decrease in gross loans and a $53.7 million decrease in investment securities, partially offset by a $16.1 million increase in other assets. The increase in other assets was primarily driven by the Company's strategic investment in a renewable energy tax equity project, additional investments in low-income housing tax credit funds, and growth in other partnership investments designed to enhance long-term shareholder returns and provide current and future tax benefits.

The decrease in gross loan balances compared to December 31, 2025, was primarily driven by a $158.0 million decrease in mortgage warehouse facilities, partially offset by a $74.1 million increase in commercial real estate loans and continued loan production across the Company's core lending markets. The reduction in mortgage warehouse balances reflects a temporary pause in growth in the third quarter of 2026 due to the implementation of enhanced controls, as well as market volatility throughout 2026 due to the higher rate environment, while growth in commercial real estate lending demonstrates continued success in originating and retaining relationship-based commercial credits. We continue to add new mortgage warehouse customers with total commitments increasing $82.3 million, or 10.6%, during the first nine months of 2026. Most of the increase was in the third quarter with $54.4 million of net new commitments.

Despite the larger decline in period-end mortgage warehouse balances, average mortgage warehouse balances decreased by only $20.8 million during the third quarter of 2026 compared to the linked quarter, while related interest income declined slightly by $0.2 million. In addition, commercial real estate balances increased $75.3 million during the quarter, reflecting strong production activity and growth in relationship-based lending.

The Company's loan portfolio remains well diversified, with commercial real estate representing 60% of total loans, mortgage warehouse facilities representing 15%, residential real estate comprising 14%, and other commercial loans representing 7% of the portfolio at September 30, 2026. Commercial real estate lending continues to be a key area of growth, supported by strong customer demand and a healthy pipeline of opportunities.

As indicated in the loan rollforward table below, the Company significantly increased new credit extended, excluding changes in line of credit and mortgage warehouse utilization, during the quarter to $123.7 million as compared to $49.4 million in the previous quarter, representing the highest quarterly production level since the fourth quarter of 2020. This increase is due significantly to enhanced oversight through a collective semi-monthly review of credit opportunities. While credit activity increased, it was offset by significant declines in mortgage warehouse utilization as well as higher than normal paydowns. Paydowns, maturities, charge-offs and amortization totaled $84.7 million, including approximately $45.9 million from five large relationship payoffs and an additional $10.2 million from two significant principal reductions.

LOAN ROLLFORWARD

(Dollars in Thousands, Unaudited)

For the three months ended:

For the nine months ended:

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Gross loans beginning balance

2,456,206

2,466,891

2,434,605

2,546,880

2,331,341

New credit extended

123,724

49,370

48,065

180,905

162,582

Loan purchases

41,197

—

41,197

—

Changes in line of credit utilization

(1)

(10,694

)

(4,841

)

2,628

(38,127

)

(6,914

)

Change in mortgage warehouse facilities

(97,131

)

(20,997

)

50,787

(158,008

)

126,283

Pay-downs, maturities, charge-offs and amortization

(84,692

)

(34,217

)

(44,306

)

(144,237

)

(121,513

)

Gross loans ending balance

2,428,610

2,456,206

2,491,779

2,428,610

2,491,779

Deferred (fees) and costs, net

(99

)

(146

)

(99

)

Gross loans, amortized cost

2,428,511

2,456,060

2,491,788

2,428,511

2,491,788

(1)

Change does not include new balances on lines of credit extended during the respective periods as such balances are included as part of “New credit extended” line above.

Sierra Bancorp Financial Results

October 26, 2026

Page 8

A summary of the Company’s unfunded commitments and utilization is presented below (dollars in thousands, unaudited):

September 30, 2026

December 31, 2025

September 30, 2025

Line Available

(2)

Utilization %

Line Available

(2)

Utilization %

Line Available

(2)

Utilization %

Real estate:

Residential real estate

10,570

52.48

15,726

44.50

16,717

43.13

Commercial real estate

15,364

89.92

23,203

86.93

22,952

87.28

Other construction/land

964

92.36

2,634

79.10

3,951

68.71

Farmland

1,842

85.60

3,126

80.20

4,211

73.38

Total real estate

28,740

85.63

44,689

80.92

47,831

79.92

Other commercial

166,490

49.82

187,084

48.81

201,990

45.80

Consumer

4,365

22.95

4,580

24.29

4,661

23.34

Subtotal

(1)

199,595

62.86

236,353

61.00

254,482

58.75

Mortgage warehouse facilities

488,174

42.47

247,667

67.67

308,817

59.45

Overdrafts - Commercial and Consumer

65,787

1.48

69,112

1.40

69,956

1.36

Total

753,556

48.13

553,132

61.64

633,255

56.31

Unused commitment as a percent of gross loans, amortized cost

31.03

21.72

25.41

Unused mortgage warehouse facilities as percent of gross loans, amortized cost

20.10

9.72

12.39

(1)

Excludes mortgage warehouse facilities and overdraft lines, both of which are unconditionally cancellable.

(2)

Represents unfunded loan commitments available to customers.

Total deposits increased $108.3 million, or 4%, during the first nine months of 2026. Core non-maturity deposits increased $122.5 million, or 6%, driven by growth in noninterest-bearing demand deposits, interest-bearing transaction accounts, and money market accounts. Customer time deposits decreased $16.2 million, or 4%, reflecting the continued migration away from higher-cost deposit products. Noninterest-bearing deposits increased $59.5 million during the first nine months of 2026 and represented 35.4% of total deposits at September 30, 2026, compared to 34.6% at December 31, 2025. The Company's strong base of noninterest-bearing and other core deposit relationships continued to support a favorable funding mix and contribute to lower funding costs.

Total borrowed funds totaled $250.8 million at September 30, 2026, consisting of $113.1 million in customer repurchase agreements, $17.0 million in overnight borrowings, $35.0 million in FHLB term advances, $49.6 million in long-term debt, and $36.2 million in subordinated debentures. Compared to December 31, 2025, total borrowed funds decreased $268.3 million, or 52%, primarily due to a reduction in overnight borrowings and term FHLB borrowings as deposit growth and lower mortgage warehouse balances reduced overall funding needs.

Overall uninsured deposits are estimated to be approximately $773.7 million, or 26% of total deposit balances, excluding public agency deposits that are subject to collateralization through a letter of credit issued by the FHLB. In addition, uninsured deposits of the Bank’s customers are eligible for FDIC pass-through insurance if the customer opens an IntraFi Insured Cash Sweep (ICS) account or a time deposit through the Certificate of Deposit Account Registry System (CDARS). IntraFi allows for up to $285 million per customer of pass-through FDIC insurance, which would more than cover each of the Bank’s deposit customers if such a customer desired to have such pass-through insurance. The Bank maintains a diversified deposit base with no significant customer concentrations and does not bank any cryptocurrency companies. At September 30, 2026, the Company had approximately 114,000 accounts and the 25 largest deposit balance customers had balances of approximately 12% of overall deposits. During the third quarter of 2026, there were seasonality fluctuations in the normal course of business related to the Company's 25 largest depositors.

Sierra Bancorp Financial Results

October 26, 2026

Page 9

The Company continues to have substantial liquidity which is managed daily. At September 30, 2026, and December 31, 2025, the Company had the following sources of primary and secondary liquidity (Dollars in Thousands):

Primary and secondary liquidity sources

9/30/2026

12/31/2025

Cash and cash equivalents

138,307

135,628

Unpledged investment securities

531,562

551,406

Excess pledged securities

41,731

35,620

FHLB borrowing availability

604,335

629,481

Unsecured lines of credit

511,785

250,785

Funds available through fed discount window

212,862

254,908

Totals

2,040,582

1,857,828

Total capital was $361.7 million at September 30, 2026, reflecting a decrease of $3.1 million compared to $364.9 million at December 31, 2025. The decrease in equity during the first nine months of 2026 was primarily attributable to an $18.6 million unfavorable increase in accumulated other comprehensive loss, primarily related to changes in the fair value of investment securities, $14.4 million in share repurchases during the year, and $10.3 million in cash dividends declared. These unfavorable variances were partially offset by $37.7 million in net income. The remaining difference was related to activity from stock options and restricted stock awards during the year.

Asset Quality

Total nonperforming assets, comprised of nonaccrual loans and foreclosed assets, decreased $5.4 million, or 37%, to $9.3 million at September 30, 2026, from $14.8 million at December 31, 2025. The Company's ratio of nonperforming loans to gross loans improved to 0.38% at September 30, 2026, compared to 0.52% at December 31, 2025. The improvement reflects the successful resolution of several criticized and nonperforming credit relationships, as well as the disposition of foreclosed assets during the first quarter of 2026.

Loans past due 30 to 89 days and still accruing declined favorably to $2.5 million at September 30, 2026, compared to $6.8 million at December 31, 2025, and $5.4 million at June 30, 2026. Classified loan levels improved to $27.0 million at September 30, 2026, compared to $31.4 million at December 31, 2025, and $29.3 million at June 30, 2026, reflecting continued improvement in overall portfolio risk characteristics.

The allowance for credit losses on loans totaled $21.7 million, or 0.89% of gross loans, at September 30, 2026, compared to $21.5 million, or 0.84% of gross loans, at December 31, 2025. Compared to the linked quarter, the allowance declined from $23.6 million due primarily to the resolution of a previously identified agricultural production lending relationship in the lumber industry. During the second quarter of 2026, the Company established a $2.5 million specific reserve on the credit due to elevated repayment risk. During the third quarter, the credit was resolved through a note sale transaction to another creditor, resulting in the recovery of substantially all principal, accrued interest, and fees associated with the relationship and a $0.1 million charge-off.

Net charge-offs totaled $0.3 million during the third quarter of 2026 and $0.5 million during the first nine months of 2026, compared to $0.2 million and $6.5 million, respectively, during the comparable 2025 periods. Annualized net charge-offs represented 0.03% of average loans for the first nine months of 2026, compared to 0.37% during the same period in 2025.

Sierra Bancorp Financial Results

October 26, 2026

Page 10

The following tables highlight the coverage ratios by loan category at September 30, 2026, June 30, 2026, and December 31, 2025:

Allowance for Credit Losses on Loans by Category

(Dollars in Thousands, Unaudited)

As of September 30, 2026

Balance

Total Allowance

Percent of Portfolio

Coverage Ratio

(1)

Real estate:

Commercial real estate

1,465,022

17,058

60.33

1.16

Other construction/land

15,891

249

0.65

1.57

Farmland

63,117

529

2.60

0.84

Total real estate

(2)

1,544,030

17,836

63.58

1.16

Other Commercial

179,642

2,392

7.40

1.33

Consumer loans (including overdrafts)

2,451

136

0.10

5.55

Subtotal

(2) (3)

1,726,123

20,364

71.08

1.18

Residential real estate

342,062

1,121

14.09

0.33

Mortgage warehouse facilities

360,326

165

14.83

0.05

Gross loans, amortized cost

2,428,511

21,650

100.00

0.89

As of June 30, 2026

Balance

Total Allowance

Percent of Portfolio

Coverage Ratio

(1)

Real estate:

Commercial real estate

1,389,730

15,913

56.58

1.15

Other construction/land

15,851

307

0.65

1.94

Farmland

65,759

532

2.68

0.81

Total real estate

(2)

1,471,340

16,752

59.91

1.14

Other Commercial

179,164

4,895

7.29

2.73

Consumer loans (including overdrafts)

2,524

108

0.10

4.28

Subtotal

(2) (3)

1,653,028

21,755

67.30

1.32

Residential real estate

345,575

1,320

14.07

0.38

Mortgage warehouse facilities

457,457

525

18.63

0.11

Gross loans, amortized cost

2,456,060

23,600

100.00

0.96

As of December 31, 2025

Balance

Total Allowance

Percent of Portfolio

Coverage Ratio

(1)

Real estate:

Commercial real estate

1,390,890

16,354

54.61

1.18

Other construction/land

14,414

296

0.57

2.05

Farmland

68,307

496

2.68

0.73

Total real estate

(2)

1,473,611

17,146

57.86

1.16

Other Commercial

192,577

2,146

7.56

1.11

Consumer loans (including overdrafts)

2,810

112

0.11

3.99

Subtotal

(2) (3)

1,668,998

19,404

65.53

1.16

Residential real estate

359,514

1,411

14.12

0.39

Mortgage warehouse facilities

518,333

665

20.35

0.13

Gross loans, amortized cost

2,546,845

21,480

100.00

0.84

(1)

Coverage ratio equals allowance for credit losses on loans divided by amortized cost.

(2)

Does not include residential real estate.

(3)

Does not include mortgage warehouse facilities.

Mortgage warehouse facilities, which historically have experienced minimal credit losses, totaled $360.3 million at September 30, 2026, and represented approximately 15% of the loan portfolio with a relatively low allowance. Excluding residential real estate and mortgage warehouse facilities, the allowance for credit losses represented 1.18% of loans at September 30, 2026, compared to 1.32% at June 30, 2026, and 1.16% at December 31, 2025.

Sierra Bancorp Financial Results

October 26, 2026

Page 11

The Company's largest loan segment, commercial real estate, totaled $1.47 billion, or approximately 60% of gross loans, at September 30, 2026. The allowance allocated to commercial real estate loans was $17.1 million, representing a strong reserve coverage ratio of 1.16%. Reserve levels within the other commercial portfolio declined during the quarter as a result of the resolution of the previously discussed agricultural production credit relationship and the release of the related specific reserve.

Management's detailed analysis indicates that the Company's allowance for credit losses on loans should be sufficient to cover credit losses for the life of the loans outstanding as of September 30, 2026, but no assurance can be given that the Company will not experience substantial future losses relative to the size of the loan and lease loss allowance. The Company calculates the allowance for credit losses using a combination of quantitative and qualitative factors by call report category.

About Sierra Bancorp

Sierra Bancorp is the holding Company for Bank of the Sierra (www.bankofthesierra.com), which is in its 49th year of operations and strives to be the preeminent bank headquartered in the South San Joaquin Valley.

Bank of the Sierra offers a broad range of retail and commercial banking services through its 34 full-service branches located within the counties of Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, and Santa Barbara. The Bank also maintains an online branch and provides specialized lending services through its mortgage warehouse division. Bank of the Sierra is recognized as one of the strongest and top-performing community banks in the country, with a 5-star rating from Bauer Financial.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the national and local economies, loan portfolio performance, the Company's ability to attract and retain skilled employees, customers' service expectations, the Company's ability to successfully de‐ploy new technology, the success of acquisitions and branch expansion, changes in interest rates, and other factors detailed in the Company's SEC filings, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Form 10‑K and Form 10‑Q.

Sierra Bancorp Financial Results

October 26, 2026

Page 12

STATEMENT OF CONDITION

(Dollars in Thousands, Unaudited)

ASSETS

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Cash and due from banks

138,307

142,695

156,372

135,628

95,501

Investment securities

Available-for-sale, at fair value

584,897

611,822

615,401

625,330

596,933

Held-to-maturity, amortized cost, net of allowance for credit losses

277,577

282,880

287,583

290,811

294,511

Total investment securities

862,474

894,702

902,984

916,141

891,444

Real estate loans

Residential real estate

342,062

345,575

349,860

359,514

364,277

Commercial real estate

1,465,022

1,389,730

1,381,770

1,390,890

1,404,681

Other construction/land

15,891

15,851

15,242

14,414

13,420

Farmland

63,117

65,759

66,218

68,307

67,860

Total real estate loans

1,886,092

1,816,915

1,813,090

1,833,125

1,850,238

Other commercial

179,642

179,164

172,653

192,577

185,958

Mortgage warehouse facilities

360,326

457,457

478,454

518,333

452,683

Consumer loans

2,451

2,524

2,597

2,810

2,909

Gross loans, amortized cost

2,428,511

2,456,060

2,466,794

2,546,845

2,491,788

Allowance for credit losses on loans

(21,650

)

(23,600

)

(21,250

)

(21,480

)

(25,180

)

Net loans

2,406,861

2,432,460

2,445,544

2,525,365

2,466,608

Bank premises and equipment

14,295

14,053

14,447

14,974

15,056

Other assets

253,263

236,701

235,115

237,171

240,768

Total assets

3,675,200

3,720,611

3,754,462

3,829,279

3,709,377

LIABILITIES AND CAPITAL

Noninterest demand deposits

1,055,117

1,026,319

1,028,678

995,623

1,072,927

Interest-bearing transaction accounts

616,703

591,515

604,016

581,746

635,279

Savings deposits

364,219

364,455

364,830

365,064

357,107

Money market deposits

180,619

179,706

153,438

151,760

156,255

Customer time deposits

445,943

451,819

454,459

462,153

476,242

Brokered deposits

322,140

317,177

320,385

320,090

234,950

Total deposits

2,984,741

2,930,991

2,925,806

2,876,436

2,932,760

Repurchase agreements

113,088

122,364

127,811

130,853

125,749

Long-term debt

49,551

49,528

49,506

49,483

49,461

Subordinated debentures

36,151

36,106

36,061

36,017

35,972

Other interest-bearing liabilities

52,000

155,000

185,000

302,700

135,000

Total deposits and interest-bearing liabilities

3,235,531

3,293,989

3,324,184

3,395,489

3,278,942

Allowance for credit losses on unfunded loan commitments

580

570

660

710

790

Other liabilities

77,343

59,155

65,904

68,217

69,562

Total capital

361,746

366,897

363,714

364,863

360,083

Total liabilities and capital

3,675,200

3,720,611

3,754,462

3,829,279

3,709,377

Sierra Bancorp Financial Results

October 26, 2026

Page 13

GOODWILL AND INTANGIBLE ASSETS

(Dollars in Thousands, Unaudited)

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Goodwill

27,357

Core deposit intangible

—

132

Total intangible assets

27,357

27,370

27,409

27,489

CREDIT QUALITY

(Dollars in Thousands, Unaudited)

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Nonperforming loans

9,347

10,544

10,410

13,231

14,006

Foreclosed assets

—

1,565

1,839

Total nonperforming assets

9,347

10,544

10,410

14,796

15,845

Quarterly net charge offs (recoveries)

283

(67

)

307

2,915

209

Past due and still accruing (30-89)

2,534

5,424

907

6,835

187

Classified loans

27,036

29,304

31,595

31,433

32,111

Nonperforming loans / gross loans, amortized cost

0.38

0.43

0.42

0.52

0.56

NPA's / loans plus foreclosed assets

0.38

0.43

0.42

0.58

0.64

Allowance for credit losses on loans / gross loans, amortized cost

0.89

0.96

0.86

0.84

1.01

SELECT PERIOD-END STATISTICS

(Unaudited)

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Shareholders' equity / total assets

9.84

9.86

9.69

9.53

9.71

Gross loans, amortized cost / deposits

81.36

83.80

84.31

88.54

84.96

Noninterest-bearing deposits / total deposits

35.35

35.02

35.16

34.61

36.58

Core non-maturity deposits

2,216,658

2,161,995

2,150,962

2,094,193

2,221,568

Deferred loan (costs)/fees

(99

)

(146

)

(97

)

(35

)

Sierra Bancorp Financial Results

October 26, 2026

Page 14

CONSOLIDATED INCOME STATEMENT

(Dollars in Thousands, Unaudited)

For the three months ended:

For the nine months ended:

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Interest income

42,917

40,939

43,937

125,053

128,108

Interest expense

10,552

10,527

11,969

31,667

35,374

Net interest income

32,365

30,412

31,968

93,386

92,734

Credit loss (benefit) expense - loans

(2,024

)

2,283

3,709

336

6,880

Credit loss expense (benefit) - unfunded commitments

(90

)

(20

)

(130

)

Credit loss benefit - debt securities held-to-maturity

)

Net interest income after credit loss (benefit)

34,379

28,219

28,279

93,181

85,774

Service charges and fees on deposit accounts

6,112

5,987

6,065

17,773

17,501

Net gain on sale of securities available-for-sale

124

Net gain (loss) on sale of fixed assets

360

(22

)

Increase in cash surrender value of life insurance

421

416

410

1,256

991

Earnings (loss) on separate account life insurance

112

1,386

608

1,118

1,078

Other income

1,071

781

975

3,749

3,580

Total noninterest income

7,716

8,570

8,058

24,256

23,252

Salaries and benefits

12,161

12,548

12,827

37,408

38,375

Occupancy expense

3,162

3,204

3,234

9,451

9,354

Other noninterest expenses

6,991

7,758

7,574

20,791

22,090

Total noninterest expense

22,314

23,510

23,635

67,650

69,819

Income before taxes

19,781

13,279

12,702

49,787

39,207

Provision for income taxes

4,500

3,360

3,003

12,067

9,774

Net income

15,281

9,919

9,699

37,720

29,433

TAX DATA

Tax-exempt muni income

1,697

1,678

1,580

5,000

4,733

Interest income - fully tax equivalent

43,368

41,385

44,357

126,382

129,366

Sierra Bancorp Financial Results

October 26, 2026

Page 15

PER SHARE DATA

(Unaudited)

For the three months ended:

For the nine months ended:

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Basic earnings per share

1.19

0.77

0.73

2.93

2.17

Diluted earnings per share

1.18

0.77

0.72

2.90

2.15

Common dividends

0.27

0.26

0.25

0.79

0.75

Weighted average shares outstanding

12,790,829

12,848,133

13,361,594

12,875,239

13,582,194

Weighted average diluted shares

12,923,493

12,959,127

13,470,658

12,992,143

13,674,934

Book value per basic share (EOP)

27.90

28.30

26.71

27.90

26.71

Tangible book value per share (EOP)

(1)

25.79

26.19

24.67

25.79

24.67

Common shares outstanding (EOP)

12,966,397

12,963,397

13,482,458

12,966,397

13,482,458

(1)

See reconciliation of non-GAAP financial measures to the corresponding GAAP measurement in "Non-GAAP Financial Measures".

KEY FINANCIAL RATIOS

(Unaudited)

For the three months ended:

For the nine months ended:

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Return on average equity

16.49

10.90

10.81

13.77

11.11

Return on average assets

1.66

1.09

1.04

1.38

1.07

Net interest margin (tax-equivalent)

(1)

3.91

3.74

3.78

3.80

3.73

Efficiency ratio (tax-equivalent)

(1) (2)

54.86

58.91

58.05

56.73

59.32

Net charge-offs / average loans (not annualized)

0.01

0.00

0.01

0.02

0.27

(1)

Computed on a tax equivalent basis utilizing a federal income tax rate of 21%.

(2)

See reconciliation of non-GAAP financial measures to the corresponding GAAP measurement in "Non-GAAP Financial Measures".

Sierra Bancorp Financial Results

October 26, 2026

Page 16

NON-GAAP FINANCIAL MEASURES

(Dollars in Thousands, Unaudited)

As of:

9/30/2026

6/30/2026

9/30/2025

Total stockholders' equity

361,746

366,897

360,083

Less: goodwill and other intangible assets

27,357

27,489

Tangible common equity

334,389

339,540

332,594

Total assets

3,675,200

3,720,611

3,709,377

Less: goodwill and other intangible assets

27,357

27,489

Tangible assets

3,647,843

3,693,254

3,681,888

Total stockholders' equity (bank only)

436,965

447,070

435,186

Less: goodwill and other intangible assets (bank only)

27,357

27,489

Tangible common equity (bank only)

409,608

419,713

407,697

Total assets (bank only)

3,672,653

3,718,414

3,706,266

Less: goodwill and other intangible assets (bank only)

27,357

27,489

Tangible assets (bank only)

3,645,296

3,691,057

3,678,777

Common shares outstanding

12,966,397

12,963,397

13,482,458

Book value per common share (total stockholders' equity / shares outstanding)

27.90

28.30

26.71

Tangible book value per common share (tangible common equity / shares outstanding)

25.79

26.19

24.67

Equity ratio - GAAP (total stockholders' equity / total assets

9.84

9.86

9.71

Tangible common equity ratio (tangible common equity / tangible assets)

9.17

9.19

9.03

Tangible common equity ratio (bank only) (tangible common equity / tangible assets)

11.24

11.37

11.08

For the three months ended:

For the nine months ended:

Efficiency Ratio:

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Noninterest expense

22,314

23,510

23,635

67,650

69,819

Divided by:

Net interest income

32,365

30,412

31,968

93,386

92,734

Tax-equivalent interest income adjustments

451

446

420

1,329

1,258

Net interest income, adjusted

32,816

30,858

32,388

94,715

93,992

Noninterest income

7,716

8,570

8,058

24,256

23,252

Less gain on sale of securities

124

Less gain (loss) on sale of fixed assets

360

(22

)

Tax-equivalent noninterest income adjustments

142

479

271

631

550

Noninterest income, adjusted

7,858

9,049

8,329

24,527

23,700

Net interest income plus noninterest income, adjusted

40,674

39,907

40,717

119,242

117,692

Efficiency Ratio (tax-equivalent)

54.86

58.91

58.05

56.73

59.32

For the three months ended:

For the nine months ended:

Pre-tax pre-provision income:

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Net income

15,281

9,919

9,699

37,720

29,433

Add: Provision for income taxes

4,500

3,360

3,003

12,067

9,774

Add: Provision for credit losses

(2,014

)

2,193

3,689

205

6,960

Pre-tax pre-provision income

17,767

15,472

16,391

49,992

46,167

Sierra Bancorp Financial Results

October 26, 2026

Page 17

NONINTEREST INCOME/EXPENSE

(Dollars in Thousands, Unaudited)

For the three months ended:

For the nine months ended:

Noninterest income:

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Service charges and fees on deposit accounts

Interchange income on debit cards

2,034

2,077

2,027

6,052

6,036

Business analysis fees

1,254

1,174

1,220

3,458

3,777

Overdraft fee income

1,344

1,313

1,357

3,980

3,857

Other service charges and fees

1,480

1,423

1,461

4,283

3,831

Net gain on sale of securities available-for-sale

—

124

Gain (loss) on sale of fixed assets

—

360

(22

)

Increase in cash surrender value of life insurance

421

416

410

1,256

991

Earnings on separate account life insurance

112

1,386

608

1,118

1,078

Other

1,071

781

975

3,749

3,580

Total noninterest income

7,716

8,570

8,058

24,256

23,252

As a % of average interest-earning assets

(1)

0.92

1.04

0.94

0.97

0.92

Noninterest expense:

Salaries and employee benefits

Salary and incentives

10,203

10,403

10,863

31,014

32,014

Employee benefits

1,921

2,009

1,865

6,218

6,118

Deferred compensation

136

176

243

Occupancy costs

3,162

3,204

3,234

9,451

9,354

Advertising and marketing costs

317

338

403

988

1,156

Data processing costs

1,493

1,657

1,518

4,734

4,582

Deposit services costs

1,865

1,983

2,134

5,796

6,243

Loan services costs

—

Loan processing

107

117

173

337

425

Foreclosed assets

Other operating costs

929

772

901

2,480

2,905

Professional services costs

—

Legal and accounting services

738

572

641

1,866

1,712

Director's costs

342

337

332

1,035

951

Deferred directors' fees cost

154

1,039

438

621

942

Other professional services

721

694

763

2,115

2,180

Stationery and supply costs

100

102

274

335

Debit card and fraud loss

247

148

168

527

656

Total noninterest expense

22,314

23,510

23,635

67,650

69,819

As a % of average interest-earning assets

(1)

2.66

2.85

2.76

2.72

2.77

Efficiency ratio (tax-equivalent)

(2)(3)

54.86

58.91

58.05

56.73

59.32

(1)

Annualized

(2)

Computed on a tax equivalent basis utilizing a federal income tax rate of 21%.

(3)

See reconciliation of non-GAAP financial measures to the corresponding GAAP measurement in "Non-GAAP Financial Measures".

Sierra Bancorp Financial Results

October 26, 2026

Page 18

AVERAGE BALANCES AND RATES

(Dollars in Thousands, Unaudited)

For the quarter ended

9/30/2026

6/30/2026

9/30/2025

Average Balance

(1)

Income/ Expense

Yield/ Rate

(2)

Average Balance

(1)

Income/ Expense

Yield/ Rate

(2)

Average Balance

(1)

Income/ Expense

Yield/ Rate

(2)

Assets

Investments:

Interest-earning due from banks

21,300

207

3.86

11,265

112

3.99

31,672

329

4.12

Taxable

673,282

7,874

4.64

695,359

7,965

4.59

731,274

9,104

4.94

Non-taxable

207,670

1,697

4.10

207,513

1,678

4.11

196,550

1,580

4.04

Total investments

902,252

9,778

4.50

914,137

9,755

4.48

959,496

11,013

4.73

Loans:

(3)

Real estate

1,841,662

23,041

4.96

1,803,504

22,250

4.95

1,849,065

22,997

4.93

Agricultural production

55,875

1,819

12.92

58,703

723

4.94

70,033

961

5.44

Commercial

122,548

1,764

5.71

106,435

1,531

5.77

116,855

1,824

6.19

Consumer

2,410

8.89

2,445

8.86

2,872

8.84

Mortgage warehouse facilities

401,497

6,426

6.35

422,257

6,608

6.28

395,940

7,059

7.07

Other

3,079

4.51

2,393

3.02

2,453

3.07

Total loans

2,427,071

33,139

5.42

2,395,737

31,184

5.22

2,437,218

32,924

5.36

Total interest-earning assets

(4)

3,329,323

42,917

5.17

3,309,874

40,939

5.02

3,396,714

43,937

5.18

Other earning assets

17,988

17,935

17,062

Non-earning assets

302,201

318,610

297,980

Total assets

3,649,512

3,646,419

3,711,756

Liabilities and shareholders' equity

Interest-bearing deposits:

Demand deposits

258,011

1,406

2.16

237,488

1,263

2.13

251,719

1,617

2.55

NOW

354,243

0.09

361,845

0.11

369,586

131

0.14

Savings accounts

364,461

125

0.14

366,475

111

0.12

356,172

106

0.12

Money market

188,131

946

1.99

171,583

772

1.80

156,347

745

1.89

Time deposits

453,921

3,321

2.90

454,295

3,216

2.84

496,155

4,078

3.26

Brokered Deposits

274,448

2,874

4.15

228,210

2,402

4.22

259,624

2,929

4.48

Total interest bearing deposits

1,893,215

8,756

1.83

1,819,896

7,861

1.73

1,889,603

9,606

2.02

Borrowed funds:

Federal funds purchased

37,070

354

3.79

125,005

1,171

3.76

30,545

353

4.59

Repurchase agreements

126,586

0.14

125,120

0.14

134,619

0.20

Short term borrowings

2,578

3.85

3,606

3.78

5,539

4.87

Long term FHLB Advances

35,000

335

3.80

40,714

389

3.83

80,000

788

3.91

Long term debt

49,536

429

3.44

49,514

430

3.48

49,447

429

3.44

Subordinated debentures

36,123

607

6.67

36,078

597

6.64

35,945

657

7.25

Total borrowed funds

286,893

1,796

2.48

380,037

2,666

2.81

336,095

2,363

2.79

Total interest-bearing liabilities

2,180,108

10,552

1.92

2,199,933

10,527

1.92

2,225,698

11,969

2.13

Demand deposits - noninterest bearing

1,034,635

1,018,453

1,048,639

Other liabilities

67,188

63,077

81,368

Shareholders' equity

367,581

364,956

356,051

Total liabilities and shareholders' equity

3,649,512

3,646,419

3,711,756

Interest income/interest earning assets

5.17

5.02

5.18

Interest expense/interest earning assets

1.26

1.28

1.40

Net interest income and margin

(5)

32,365

3.91

30,412

3.74

31,968

3.78

(1)

Average balances are obtained from the best available daily or monthly data and are net of deferred fees and related direct costs.

(2)

Yields and net interest margin have been computed on a tax equivalent basis utilizing a 21% effective federal tax rate.

(3)

Loans are gross of the allowance for possible loan losses. Loan fees have been included in the calculation of interest income. Net loan fees and loan acquisition FMV amortization were $(0.2) million and $(0.3) million for the quarters ended September 30, 2026 and 2025, respectively, and $(0.3) million for the quarter ended June 30, 2026.

(4)

Non-accrual loans have been included in total loans for purposes of computing total earning assets.

(5)

Net interest margin represents net interest income as a percentage of average interest-earning assets.

Sierra Bancorp Financial Results

October 26, 2026

Page 19

AVERAGE BALANCES AND RATES

(Dollars in Thousands, Unaudited)

For the nine months ended

9/30/2026

9/30/2025

Average Balance

(1)

Income/ Expense

Yield/ Rate

(2)

Average Balance

(1)

Income/ Expense

Yield/ Rate

(2)

Assets

Investments:

Interest-earning due from banks

18,651

530

3.80

34,728

1,128

4.34

Taxable

692,553

23,831

4.60

745,614

27,539

4.94

Non-taxable

206,342

5,000

4.10

196,820

4,733

4.07

Total investments

917,546

29,361

4.47

977,162

33,400

4.74

Loans:(3)

Real estate

1,822,690

67,684

4.96

1,841,163

67,576

4.91

Agricultural

59,099

3,266

7.39

73,071

2,906

5.32

Commercial

113,612

4,892

5.76

109,854

4,951

6.03

Consumer

2,484

163

8.77

3,123

196

8.39

Mortgage warehouse facilities

412,629

19,623

6.36

359,564

19,029

7.08

Other

2,543

3.36

2,389

2.80

Total loans

2,413,057

95,692

5.30

2,389,164

94,708

5.30

Total interest-earning assets

(4)

3,330,603

125,053

5.07

3,366,326

128,108

5.14

Other earning assets

17,667

17,062

Non-earning assets

301,650

284,071

Total assets

3,649,920

3,667,459

Liabilities and shareholders' equity

Interest-bearing deposits:

Demand deposits

240,001

3,772

2.10

228,208

4,329

2.54

NOW

357,570

257

0.10

374,508

390

0.14

Savings accounts

364,820

341

0.12

354,551

292

0.11

Money market

171,518

2,334

1.82

149,252

1,925

1.72

Time deposits

455,879

9,741

2.86

514,679

12,774

3.32

Brokered deposits

273,788

8,495

4.15

249,584

8,594

4.60

Total interest-bearing deposits

1,863,576

24,940

1.79

1,870,782

28,304

2.02

Borrowed funds:

Federal funds purchased

68,265

1,919

3.76

25,758

870

4.52

Repurchase agreements

126,705

153

0.16

123,954

216

0.23

Short term borrowings

3,385

3.83

11,439

391

4.57

Long term FHLB Advances

51,007

1,473

3.86

80,000

2,339

3.91

Long-term debt

49,514

1,291

3.49

49,424

1,289

3.49

Subordinated debentures

36,078

1,794

6.65

35,900

1,965

7.32

Total borrowed funds

334,954

6,727

2.69

326,475

7,070

2.90

Total interest-bearing liabilities

2,198,530

31,667

1.93

2,197,257

35,374

2.15

Demand deposits - noninterest-bearing

1,019,725

1,024,278

Other liabilities

65,540

91,709

Shareholders' equity

366,125

354,215

Total liabilities and shareholders' equity

3,649,920

3,667,459

Interest income/interest-earning assets

5.07

5.14

Interest expense/interest-earning assets

1.27

1.41

Net interest income and margin(5)

93,386

3.80

92,734

3.73

(1)

Average balances are obtained from the best available daily or monthly data and are net of deferred fees and related direct costs.

(2)

Yields and net interest margin have been computed on a tax equivalent basis utilizing a 21% effective federal tax rate.

(3)

Loans are gross of the allowance for possible loan losses. Loan fees have been included in the calculation of interest income. Net loan fees and loan acquisition FMV amortization were $(0.8) million and $(0.9) million for the nine months ended September 30, 2026, and 2025, respectively.

(4)

Non-accrual loans have been included in total loans for purposes of computing total earning assets.

(5)

Net interest margin represents net interest income as a percentage of average interest-earning assets.

#####################################

GRAPHIC

Filename: bsrr_logosm.jpg · Sequence: 7

Binary file (8656 bytes)

Download bsrr_logosm.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.3

Document And Entity Information

Oct. 26, 2026

Document Information [Line Items]

Entity, Registrant Name

SIERRA BANCORP

Document, Type

8-K

Document, Period End Date

Oct. 26, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

000-33063

Entity, Tax Identification Number

33-0937517

Entity, Address, Address Line One

86 North Main Street

Entity, Address, City or Town

Porterville

Entity, Address, State or Province

Entity, Address, Postal Zip Code

93257

City Area Code

559

Local Phone Number

782-4900

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock

Trading Symbol

BSRR

Security Exchange Name

NASDAQ

Entity, Emerging Growth Company

false

Amendment Flag

false

Entity, Central Index Key

0001130144

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration