Company Overview - Sierra Bancorp's market capitalization is $409 million as of March 5, 2025 [8] - The company repurchased 378,230 shares at an average price of $30 per share YTD in 2025 [8] - The bank has reached $3.6 billion in assets, with 35 offices [12] Financial Performance - The company's Return on Average Assets (ROAA) is 1.12% YTD [19, 28] - Net interest margin improved from 3.31% in Q4 2023 to 3.65% in Q4 2024 [28] - YTD diluted EPS increased from $2.36 in 2023 to $2.82 in 2024 [28] Balance Sheet Repositioning - A sale/leaseback in December 2023 generated a $19.1 million gain [28] - The company sold $250.5 million of low-yielding bonds at a $17.3 million loss [28] Loan Portfolio - Gross loans reached $2.331 billion as of December 31, 2024 [30, 40] - Loan growth YTD was $241.05 million, representing an 11.5% increase [40] - Mortgage warehouse lines totaled $326.4 million, representing 14% of the loan portfolio [40] Deposit Base - Noninterest-bearing deposits represent 33.57% of total deposits, amounting to $1.007 billion as of December 31, 2024 [19, 55]