Bank Of The Sierra Mortgage Rates, Fees & Info

Porterville, CA

LEI: 5493003HTEY5OCC5SP27

Tax ID: 94-2431437

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Bank Of The Sierra is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    480

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%
    BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
    BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of The Sierra 1095 W. Manning Street Reedley, CA 93654 Full Service B&M $67,645
    Bank of The Sierra 1103 West Visalia Road Exeter, CA 93221 Full Service B&M $140,004
    Bank of The Sierra 1126 Main Street Delano, CA 93216 Full Service B&M $32,307
    Bank of The Sierra 1207 Spring Street Paso Robles, CA 93446 Full Service B&M $41,037
    Bank of The Sierra 128 East Main Street Visalia, CA 93291 Full Service B&M $136,076
    Bank of The Sierra 1401 Dolliver Street, Suite B Pismo Beach, CA 93449 Full Service B&M $52,629
    Bank of The Sierra 142 South Mirage Lindsay, CA 93247 Full Service B&M $99,223
    Bank of The Sierra 1430 East Prosperity Avenue Tulare, CA 93274 Full Service B&M $47,346
    Bank of The Sierra 1498 West Olive Avenue Porterville, CA 93257 Full Service B&M $91,454
    Bank of The Sierra 1835 East Shaw Ave Clovis, CA 93611 Full Service B&M $51,127
    Bank of The Sierra 21 E. Carrillo Street Santa Barbara, CA 93101 Full Service B&M $27,457
    Bank of The Sierra 224 West F Street Tehachapi, CA 93561 Full Service B&M $155,010
    Bank of The Sierra 232 North Valencia Boulevard Woodlake, CA 93286 Full Service B&M $36,541
    Bank of The Sierra 2450 Mccall Avenue Selma, CA 93662 Full Service B&M $28,951
    Bank of The Sierra 246 E Tulare Avenue Tulare, CA 93274 Full Service B&M $112,289
    Bank of The Sierra 2501 Mt. Vernon Ave Bakersfield, CA 93306 Full Service B&M $29,511
    Bank of The Sierra 2515 South Mooney Boulevard Visalia, CA 93277 Full Service B&M $88,811
    Bank of The Sierra 400 West Visalia Road Farmersville, CA 93223 Full Service B&M $16,730
    Bank of The Sierra 401 East Tulare Street Dinuba, CA 93618 Full Service B&M $72,191
    Bank of The Sierra 402 West Ojai Avenue Ojai, CA 93023 Full Service B&M $89,296
    Bank of The Sierra 4060 Coffee Road Bakersfield, CA 93308 Full Service B&M $55,979
    Bank of The Sierra 40884 Sierra Drive Three Rivers, CA 93271 Full Service B&M $32,814
    Bank of The Sierra 427 West Lacey Boulevard Hanford, CA 93230 Full Service B&M $114,758
    Bank of The Sierra 4456 California Avenue Bakersfield, CA 93309 Full Service B&M $42,852
    Bank of The Sierra 500 Marsh Street San Luis Obispo, CA 93401 Full Service B&M $90,760
    Bank of The Sierra 527 Sespe Avenue Fillmore, CA 93015 Full Service B&M $71,229
    Bank of The Sierra 5775 E. Kings Canyon Road Fresno, CA 93727 Full Service B&M $71,126
    Bank of The Sierra 636 E. Shaw Avenue Fresno, CA 93710 Full Service B&M $55,701
    Bank of The Sierra 705 W Central Avenue Lompoc, CA 93436 Full Service B&M $32,492
    Bank of The Sierra 7391 N. Palm Avenue Fresno, CA 93711 Full Service B&M $30,993
    Bank of The Sierra 8031 California City Boulevard California City, CA 93505 Full Service B&M $25,644
    Bank of The Sierra 8500 Ming Avenue Bakersfield, CA 93311 Full Service B&M $77,586
    Bank of The Sierra 86 N Main St Porterville, CA 93257 Full Service Cyber Office $18,390
    Bank of The Sierra 89 S. California Street Ventura, CA 93001 Full Service B&M $34,291
    Bank of The Sierra 90 North Main Street Porterville, CA 93257 Full Service B&M $452,521
    Bank of The Sierra 901 East Main Street Santa Paula, CA 93060 Full Service B&M $161,856

    For 2021, Bank Of The Sierra had 36 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $113,076
    Net interest income $110,473
    Total noninterest income $28,052
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $11,846
    Trading account gains and fees $0
    Additional Noninterest Income $16,206
    Pre-tax net operating income $60,694
    Securities gains (or losses, -) $11
    Income before extraordinary items $45,482
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $45,482
    Minority interest net income $0
    Net income $45,482
    Sale, conversion, retirement of capital stock, net $995
    Net operating income $45,473

    Bank Of The Sierra's gross interest income from loans was $113,076,000.
    Bank Of The Sierra's net interest income from loans was $110,473,000.
    Bank Of The Sierra's fee based income from loans was $11,846,000.
    Bank Of The Sierra's net income from loans was $45,482,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,603
    Provision for credit losses $-3,650
    Total noninterest expense $81,481
    Salaries and employee benefits $41,652
    Premises and equipment expense $9,827
    Additional noninterest expense $30,002
    Applicable income taxes $15,223
    Net charge-offs $-167
    Cash dividends $3,200

    Bank Of The Sierra's interest expense for loans was $2,603,000.
    Bank Of The Sierra's payroll and benefits expense were $41,652,000.
    Bank Of The Sierra's property, plant and equipment expenses $9,827,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 3.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,801,715
    Deposits held in domestic offices $2,801,715
    Deposits by Individuals, partnerships, and corporations $2,677,828
    Deposits by U.S. Government $2,331
    Deposits by States and political subdivisions in the U.S. $121,350
    Deposits by Commercial banks and other depository institutions in U.S. $206
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,849,241
    Demand deposits $1,234,469
    Nontransaction accounts $952,474
    Money market deposit accounts (MMDAs) $147,793
    Other savings deposits (excluding MMDAs) $450,785
    Total time deposits $353,897
    Total time and savings deposits $1,567,246
    Noninterest-bearing deposits $1,104,687
    Interest-bearing deposits $1,697,028
    Retail deposits $2,626,525
    IRAs and Keogh plan accounts $17,040
    Brokered deposits $60,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,371,577
    Cash & Balances due from depository institutions $257,528
    Interest-bearing balances $194,381
    Total securities $973,314
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,973,605
    Loan and leases loss allowance $14,256
    Trading account assets $0
    Bank premises and fixed assets $29,042
    Other real estate owned $93
    Goodwill and other intangibles $30,632
    All other assets $107,363

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,371,577
    Total Liabilities $2,943,523
    Total deposits $2,801,715
    Interest-bearing deposits $1,697,028
    Deposits held in domestic offices $2,801,715
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $106,937
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $34,871

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,973,605
    Loan and leases loss allowance $14,256
    Total loans and leases (domestic) $1,987,861
    All real estate loans $1,738,718
    Real estate loans in domestic offices $1,738,718
    Construction and development loans $46,555
    Residential 1-4 family construction $21,368
    Other construction, all land development and other land $25,187
    Loans secured by nonfarm nonresidential properties $1,214,862
    Nonfarm nonresidential secured by owner-occupied properties $334,582
    Commercial real estate & other non-farm, non-residential $880,280
    Multifamily residential real estate $53,385
    1-4 family residential loans $317,151
    Farmland loans $106,765
    Loans held in foreign offices $0
    Farm loans $34,098
    Commercial and industrial loans $107,764
    To non-U.S. addressees $0
    Loans to individuals $4,648
    Credit card loans $0
    Related Plans $2,399
    Consumer Auto Loans $437
    Other loans to individuals $1,812
    All other loans & leases $102,633
    Loans to foreign governments and official institutions $0
    Other loans $102,633
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $16,323
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,910
    Non 1-4 family restructured loans & leases $2,349
    Total loans and leases (foreign) $0

    Bank of the Sierra had $1,973,605,000 of loans outstanding in 2021. $1,738,718,000 of loans were in real estate loans. $46,555,000 of loans were in development loans. $53,385,000 of loans were in multifamily mortgage loans. $317,151,000 of loans were in 1-4 family mortgage loans. $34,098,000 of loans were in farm loans. $0 of loans were in credit card loans. $437,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 467 $144,678 $309,803
    Nonfarm, nonresidential loans - <$100k 22 $1,045 $47,500
    Nonfarm, nonresidential loans - $100-250k 128 $15,824 $123,625
    Nonfarm, nonresidential loans - $250k-1MM 317 $127,809 $403,183
    Commercial & Industrial, US addressed loans - <$1MM 1,100 $69,166 $62,878
    Commercial & Industrial, US addressed loans - <$100k 718 $13,309 $18,536
    Commercial & Industrial, US addressed loans - $100-250k 238 $21,618 $90,832
    Commercial & Industrial, US addressed loans - $250k-1MM 144 $34,239 $237,771
    Farmland loans - <$1MM 68 $13,101 $192,662
    Farmland loans - <$100k 7 $336 $48,000
    Farmland loans - $100-250k 31 $4,254 $137,226
    Farmland loans - $250k-1MM 30 $8,511 $283,700
    Agriculture operations loans - <$1MM 51 $4,467 $87,588
    Agriculture operations loans - <$100k 21 $529 $25,190
    Agriculture operations loans - $100-250k 21 $1,972 $93,905
    Agriculture operations loans - $250k-1MM 9 $1,966 $218,444