SIERRA BANCORP (BSRR)

Quarterly Report Filed: 2026-05-01

The filing is a Q1 2026 10-Q for Sierra Bancorp with a filing date of May 1, 2026, covering the period ending March 31, 2026, showing the bank's financial position one quarter into the year.
The document structure indicates detailed loan portfolio segmentation including commercial real estate, residential real estate, farmland, and mortgage warehouse lines, suggesting a diversified lending approach across multiple sectors.
The filing includes comprehensive disclosure of past-due loan categories (30-59 days, 60-89 days, and 90+ days), special mention, and substandard classifications, which are critical metrics for assessing credit quality and potential loan loss provisions.
The presence of multiple debt instruments including junior subordinated debt, subordinated debt, and lines of credit from Federal Reserve and Federal Home Loan Bank indicates the bank's liquidity management and capital structure strategy.

Current Report Filed: 2026-04-27

Sierra Bancorp announced Q1 2026 financial results on April 27, 2026, with unaudited consolidated results for the three-month period ended March 31, 2026 disclosed via press release.
The filing is routine and provides no material operational details, earnings surprises, or guidance changes in the 8-K document itself; full financial details are contained in the attached press release (Exhibit 99.1) which was not provided for analysis.
The filing was signed by Christopher G. Treece, Executive Vice President & Chief Financial Officer, indicating standard earnings announcement procedures without any material events, leadership changes, or special transactions reported.
As a non-emerging growth company, Sierra Bancorp maintains standard SEC compliance without extended transition periods, demonstrating established reporting maturity for the regional California-based bank.

Current Report Filed: 2026-04-24

Sierra Bancorp's Board approved a quarterly cash dividend of $0.26 per share payable May 11, 2026, indicating continued shareholder return commitment and financial stability despite economic conditions.
The dividend level ($0.26/share quarterly) suggests the company maintains confidence in its earnings generation and capital position to sustain regular distributions.
This routine dividend announcement demonstrates normal operational governance with no material changes or special events, representing standard quarterly shareholder communications.

Insider Trading Filed: 2026-03-04

The reporting person, Hugh F. Boyle, who is the EVP and Chief Credit Officer of Sierra Bancorp, disposed of 1,689 shares of common stock through a stock withholding transaction to satisfy tax obligations.
Boyle's remaining beneficial ownership of Sierra Bancorp's common stock is 31,781 shares, indicating he continues to hold a significant position in the company.
This transaction provides insight into the reporting person's ownership and their management of their equity position in Sierra Bancorp.

Annual Report Filed: 2026-02-27

The filing indicates that Sierra Bancorp (BSRR) has seen steady growth in its balance sheet, with total assets increasing from $14.2 billion in 2022 to $14.5 billion in 2025.
The bank's loan portfolio has shown diversification, with exposure to commercial real estate, construction, and other commercial loans, suggesting a well-rounded lending strategy.
Sierra Bancorp has maintained a strong capital position, with a Tier 1 capital ratio of 12.5% in 2025, providing a cushion against potential economic uncertainties.

Insider Trading Filed: 2026-02-25

The reporting person, Kevin J. McPhaill, who is the President and CEO of Sierra Bancorp (BSRR), has disposed of 1,358 shares of common stock through a transaction to satisfy tax withholding obligations related to the vesting of restricted stock.
Following the reported transaction, McPhaill still holds 67,807 shares of common stock directly, as well as an additional 20,699 shares indirectly.
The timing and amount of the share disposition suggest McPhaill's continued commitment to the company, as the transaction was made to cover tax obligations rather than a full sale of shares.

Insider Trading Filed: 2026-02-25

The reporting person, Christopher G. Treece, an EVP and Chief Financial Officer of Sierra Bancorp, disposed of 800 shares of common stock through a stock withholding transaction to satisfy tax obligations related to the vesting of restricted stock.
The reporting person's beneficial ownership of Sierra Bancorp common stock decreased from 39,895 shares to 39,095 shares as a result of this transaction.
Insider transactions like this one can provide insights into management's views on the company's valuation and future prospects.

Insider Trading Filed: 2026-02-25

The reporting person, Michael Olague, who is the EVP/Chief Banking Officer of Sierra Bancorp (BSRR), disposed of 665 shares of common stock on February 23, 2026, likely to satisfy tax withholding obligations in connection with the vesting of previously awarded restricted stock.
Following the reported transaction, the reporting person still holds a significant direct ownership stake of 26,799 shares of common stock, indicating continued alignment with shareholder interests.
The reported transaction appears to be a routine event related to equity compensation, and does not suggest any significant changes in the reporting person's overall ownership or stance towards the company.

Insider Trading Filed: 2026-02-25

Natalia M. Coen, the EVP/CRO of Sierra Bancorp, disposed of 653 shares of common stock through a stock withholding transaction to satisfy tax obligations related to the vesting of restricted stock.
The transaction reduced Coen's direct beneficial ownership of Sierra Bancorp's common stock to 26,836 shares.
Insider selling transactions, especially those related to tax withholding, are common and often do not signal a significant change in the insider's view of the company's prospects.

Insider Trading Filed: 2026-02-25

The reporting person, Hugh F. Boyle, who is the EVP/Chief Credit Officer of Sierra Bancorp (BSRR), has disposed of 794 shares of common stock by way of a tax withholding transaction.
The reported transaction was executed on February 23, 2026, and Boyle's remaining direct beneficial ownership in the company is 33,470 shares.
This insider transaction suggests that Boyle may be using a portion of his vested equity compensation to cover tax obligations, which is a common practice among company executives.

Insider Trading Filed: 2026-02-19

The reporting person, Albert L. Berra, exercised 5,000 stock options on February 17, 2026, increasing his direct ownership of the company's common stock to 147,843 shares.
Berra also holds an indirect beneficial ownership of 22,036 shares through the Albert Berra Dds Profit Sharing Plan, 80,704.225 shares through Berra Investments, A Limited Partnership, and 19,093 shares through his spouse.
The exercise price of the stock options was $17.25, which is lower than the current market price, indicating Berra's confidence in the company's future performance.

Insider Trading Filed: 2026-02-17