# EDGAR Filing Document

**Accession Number:** 0001130144
**File Stem:** 0001558370-23-000387
**Filing Date:** 2023-1
**Character Count:** 8161
**Document Hash:** dc1afbe77d2ab3694880236498f19e9f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001558370-23-000387.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001558370-23-000387

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230119

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIERRA BANCORP
- **CENTRAL INDEX KEY:** 0001130144
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 330937517
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-33063
- **FILM NUMBER:** 23539728

**BUSINESS ADDRESS:**
- **STREET 1:** 86 NORTH MAIN STREET
- **CITY:** PORTERVILLE
- **STATE:** CA
- **ZIP:** 93257
- **BUSINESS PHONE:** 5597824900

**MAIL ADDRESS:**
- **STREET 1:** 86 NORTH MAIN STREET
- **CITY:** PORTERVILLE
- **STATE:** CA
- **ZIP:** 93257

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**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) **January 19, 2023**

## 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** | **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:

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| | | |
|:---|:---|:---|
| **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. ☐

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**Item 8.01 Other Events.**

On January 19, 2023, the Board of Directors of Sierra Bancorp (the "Company") approved a cash dividend to shareholders. The quarterly cash dividend of twenty-three cents ($0.23) per share of common stock will be payable on February 13, 2023, to shareholders of record at the close of business on January 31, 2023.

The press release issued by the Company in connection with the dividend is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 8.01 by reference.

**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**

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| | | |
|:---|:---|:---|
| Press release dated October 22, 2020<br>|  |  |
| **Exhibit No.** |  | **Description** |
| 99.1 |  | [Press release dated January 20, 2023](bsrr-20230119xex99d1.htm) |
| 104 |  | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |

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**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.

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;<br>Executive Vice President &<br>Chief Financial Officer<br>|
| &nbsp;&nbsp;<br>Dated: January 20, 2023 | &nbsp;&nbsp;SIERRA BANCORP<br>By: */s/ Christopher G. Treece*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>Christopher G. Treece<br>Executive Vice President &<br>Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![Graphic](bsrr-20230119xex99d1001.jpg)

**FOR IMMEDIATE RELEASE**

Date: January 20, 2023

Contact:Kevin McPhaill, President/Chief Executive Officer

Phone:(559) 782-4900 or (888) 454-BANK

Website Address:www.sierrabancorp.com

**SIERRA BANCORP DECLARES QUARTERLY CASH DIVIDEND**

**PORTERVILLE, Calif -- (BUSINESS WIRE) --** Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.23 per share. The dividend was approved subsequent to the Board's review of the Company's financial performance and capital for the quarter ended December 31, 2022, and will be paid on February 13, 2023, to shareholders of record as of January 31, 2023. Counting dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp the Company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends through 1998 and quarterly dividends thereafter. The dividend noted in today's announcement marks the Company's 96<sup>th</sup> consecutive quarterly cash dividend.

Sierra Bancorp is the holding Company for Bank of the Sierra (www.bankofthesierra.com), which is in its 46<sup>th</sup> year of operations and is the largest independent bank headquartered in the South San Joaquin Valley. Bank of the Sierra is a community-centric regional bank, which offers a broad range of retail and commercial banking services through 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 agricultural credit centers in Templeton, California, an SBA center, and a loan production office in Roseville, California. In 2022, Bank of the Sierra was 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 deploy 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.*

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

Category: Financial

Source: Sierra Bancorp

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