Bank of the Sierra

Headquarters

90 N Main St
Porterville, CA 93257
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.05% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Bank of the Sierra is an FDIC insured institution located in Porterville, CA. It was founded in 1978 and has approximately $3.68 billion in assets. Customers can open an account at one of its 40 branches.

FDIC Insured Yes
FDIC Certificate # 22597
Date Established 1978
Assets $ 3.68 billion
Loans $ 2.21 billion
Deposits $ 2.96 billion
Capital $ 415.21 million
 

For a more detailed analysis of Bank of the Sierra's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 9, 2024

Your Current Location: Washington, WA 98109


Loan Rates - December 9, 2024

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of the Sierra

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.105% 6.000%
0.75 points
$3,610 fees
$1,919 Learn More
Sammamish Mortgage Company
NMLS ID: 118653
License#: CL-118653
6.208% 6.125%
0.88 points
$2,842 fees
$1,945 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.476% 6.375%
0.88 points
$3,394 fees
$1,997 Learn More
PenFed Credit Union
NMLS ID: 401822
6.782% 6.625%
1.00 points
$5,195 fees
$2,049 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Rate
Rate
See Table
Intro APR 9.600 %
After Intro: 9.600 %
$25,000 Learn More
More Info

Note to Bank of the Sierra
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Climate Policy and Initiatives

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Financial Details

Bank of the Sierra Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of the Sierra. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of the Sierra U.S. Bank Average
1.48% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Bank of the Sierra had $6,473,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $415,210,000 in equity and $21,640,000 in loans loss reserves. That gives it a Texas Ratio of 1.48%.

Return on Equity
Bank of the Sierra U.S. Bank Average
10.99% 10.46%

Bank of the Sierra has a Return on Equity of 10.99% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of the Sierra U.S. Bank Average
11.29% 10.84%

Bank of the Sierra has a Capitalization of 11.29% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of the Sierra Balance Sheet Analysis

As of June 30, 2024, Bank of the Sierra had assets of $3,678,508,000, loans of $2,213,176,000, and deposits of $2,958,225,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 183.99 million
Interest-bearing balances $ 87.94 million
Total securities $ 1,029.67 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.21 billion
Loan loss allowance $ 21.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 28.32 million
All other assets $ 149.84 million
     Total Assets $ 3.26 billion
LIABILITIES
Total deposits $ 2.96 billion
      Interest-bearing deposits $ 1,955.48 million
      Deposits held in domestic offices $ 2.96 billion
      % insured (estimated) 72.83%
Federal funds purchased and repurchase agreements $ 148.00 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 41.19 million
      Total Liabilities $ 3.26 billion
      Shareholders’ Equity $ 415.21 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 84.46 million
Total Interest Expense $ 23.20 million
Net interest income $ 61.26 million
Provision for loan and lease losses $ 1.03 million
Total non interest income $ 19.04 million
Total non interest expense $ 45.49 million
Pre-tax Net Operating Income $ 24.34 million

Bank Loan Profile?

The top three loan types in Bank of the Sierra’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks, Bank of the Sierra’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.59
Multifamily
Mortgages
3.00
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 6.26
Construction and Development Loans 1.19
Commercial Real Estate 54.56
Commercial and Industrial Loans 3.18
Farm Loans 1.30

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