Bank of the Sierra

Headquarters

90 North Main Street
Porterville, CA 93257
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.22% 0.95% →
2-Year CD 0.22% 1.05% →
5-Year CD 0.27% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 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 $2.67 billion in assets. Customers can open an account at one of its 40 branches.

FDIC Insured Yes
FDIC Certificate # 22597
Date Established 1978
Assets $ 2.67 billion
Loans $ 1,789.31 million
Deposits $ 2.19 billion
Capital $ 348.59 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 - September 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.07% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.07% $10,000 $14,999 Learn More
3 Mo CD
0.09% $100,000 $199,999 Learn More
6 Mo CD
0.11% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.19% $10,000 $14,999 Learn More
12 Mo CD
0.22% $100,000 $199,999 Learn More
18 Mo CD
0.19% $10,000 $14,999 Learn More
18 Mo CD
0.22% $100,000 $199,999 Learn More
24 Mo CD
0.19% $10,000 $14,999 Learn More
24 Mo CD
0.22% $100,000 $199,999 Learn More
30 Mo CD
0.23% $10,000 $14,999 Learn More
30 Mo CD
0.26% $100,000 $199,999 Learn More
36 Mo CD
0.23% $10,000 $14,999 Learn More
36 Mo CD
0.26% $100,000 $199,999 Learn More
48 Mo CD
0.27% $10,000 $14,999 Learn More
48 Mo CD
0.29% $100,000 $199,999 Learn More
60 Mo CD
0.27% $10,000 $14,999 Learn More
60 Mo CD
0.27% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.08% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 25, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Bank of the Sierra
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of the Sierra branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of the Sierra Locations


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
2.25% 6.94%

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 March 31, 2020, Bank of the Sierra had $7,396,000 in non-current loans and $703,000 in owned real estate. To cover these potential losses it had $348,586,000 in equity and $11,453,000 in loans loss reserves. That gives it a Texas Ratio of 2.25%.

Return on Equity
Bank of the Sierra U.S. Bank Average
9.69% 7.80%

Bank of the Sierra has a Return on Equity of 9.69% versus the BestCashCow average of 7.80%. 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
13.05% 12.68%

Bank of the Sierra has a Capitalization of 13.05% versus the BestCashCow average of 12.68. 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 March 31, 2020, Bank of the Sierra had assets of $2,670,214,000, loans of $1,789,313,000, and deposits of $2,185,185,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 106.99 million
Interest-bearing balances $ 28.33 million
Total securities $ 620.15 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,789.31 million
Loan loss allowance $ 11.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.70 million
Goodwill and other intangibles $ 32.47 million
All other assets $ 84.28 million
     Total Assets $ 2.32 billion
LIABILITIES
Total deposits $ 2.19 billion
      Interest-bearing deposits $ 1,474.69 million
      Deposits held in domestic offices $ 2.19 billion
      % insured (estimated) 67.70%
Federal funds purchased and repurchase agreements $ 29.36 million
Trading liabilities N.A.
Other borrowed funds $ 74.10 million
Subordinated debt N.A.
All other liabilities $ 32.98 million
      Total Liabilities $ 2.32 billion
      Shareholders’ Equity $ 348.59 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 26.05 million
Total Interest Expense $ 1.87 million
Net interest income $ 24.18 million
Provision for loan and lease losses $ 1.80 million
Total non interest income $ 6.11 million
Total non interest expense $ 17.47 million
Pre-tax Net Operating Income $ 11.02 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 in California, Bank of the Sierra has a significantly higher percent of Small Business Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 13.37
Multifamily
Mortgages
3.25
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 10.37
Construction and Development Loans 10.32
Commercial Real Estate 43.50
Commercial and Industrial Loans 6.05
Farm Loans 2.76

Frequently Asked Questions About Bank Of The Sierra

Branches and Savings

Is Bank Of The Sierra FDIC insured?

Yes. It is covered under FDIC Certificate #22597.

Why does Bank Of The Sierra pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of The Sierra CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of The Sierra a commercial bank?

Yes

Where are Bank Of The Sierra locations?

See branch locations nearby.

Is Bank Of The Sierra open on Saturdays?

Is Bank Of The Sierra open on Sundays?

What time does Bank Of The Sierra open?

What time does Bank Of The Sierra close?

Are Bank Of The Sierra ATMs Open 24/7?

Do Bank Of The Sierra ATMs accept cash deposits?

Can Bank Of The Sierra customers use other ATMs?

Do Bank Of The Sierra branches have notaries?

Will Bank Of The Sierra notarize my document?

What address for Bank Of The Sierra should I put for incoming ACH transfers?

Will the Bank Of The Sierra branch print checks?

Do Bank Of The Sierra checks expire?

Does Bank Of The Sierra require US citizenship to open account?

Can Bank Of The Sierra close my account?

Does Bank Of The Sierra Report to credit bureaus?

Does Bank Of The Sierra Use Equifax?

What is Bank Of The Sierra's ACH Routing Number?

What is Bank Of The Sierra's SWIFT code?

Products

Does Bank Of The Sierra offer mortgages?

Compare mortgage rates here.

Does Bank Of The Sierra offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of The Sierra offer personal loans?

Compare personal loan rates here.

Does Bank Of The Sierra offer student loans?

Will Bank Of The Sierra cash a check?

Will Bank Of The Sierra redeem a savings bond?

Does Bank Of The Sierra cash savings bonds?

Will Bank Of The Sierra cash money orders?

Can Bank Of The Sierra issue a money order?

Does Bank Of The Sierra do currency exchange?

Background on The Bank

Who owns Bank Of The Sierra?

How long has Bank Of The Sierra been around?

Can Bank Of The Sierra transfer to other banks?

Does Bank Of The Sierra have quick pay?

Does Bank Of The Sierra accept rolled coins?

Will Bank Of The Sierra accept loose change?

Where is Bank Of The Sierra headquarters?

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