SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
108
19.
FAIR VALUE
(Continued)
Assets and liabilities measured at fair value on a recurring basis, including financial liabilities for which
the Company has elected the fair value option, are summarized below (dollars in thousands):
QuotedPrices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Realized
Gain/(Loss)
Securities:
US Government Agencies
-
$ $ 27,270 $ - $ 27,270 $ -
Mortgage-backed securities
-
381,442 - 381,442 -
State and political subdivisions
-
100,949 - 100,949 -
Equity securities
2,222 - - 2,222 -
Total available-for-sale securities $ 2,222 $ 509,661 $ - $ 511,883 $ -
QuotedPrices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Realized
Gain/(Loss)
Securities:
US Government Agencies
$ - $ 5,304 $ - $ 5,304 $ -
Mortgage-backed securities
- 320,721 - 320,721 -
State and political subdivisions
- 96,563 - 96,563 -
Equity securities
2,456 - - 2,456 -
Total available-for-sale securities $ 2,456 $ 422,588 $ - $ 425,044 $ -
Fair Value Measurements at December 31, 2013, Using
Fair Value Measurements at December 31, 2014, Using
