Sierra Bancorp Annual Report and 10-K 2014 - page 6

6
1omঞm†;7 |o r-‹ - 1-v_ 7bˆb7;m7 ;ˆ;u‹ t†-u|;uķ -m7 bm
l-m‹ o|_;u ‰-‹v ‰ouh;7 o†u ‰-‹ |_uo†]_ |_-| r;ubo7ĺ
| ‰-v 1_-ѴѴ;m]bm]ķ _o‰;ˆ;u |_; |;-l v|-‹;7 |o];|_;u
-m7 ‰; -u; - 0;‚;u 0-mh =ou |_; ;Šr;ub;m1;ĺ m ƑƏƐƓ
‰; r†u1_-v;7 "-m|- Ѵ-u- (-ѴѴ;‹ -mh _;-7t†-u|;u;7
bm "-m|- -†Ѵ- -m7 ‰b|_ |_-| -1t†bvbঞom ‰; ]-bm;7
|_u;; m;‰ 0u-m1_;v Ő"-m|- -†Ѵ-ķ bѴѴlou;ķ -m7 "-m|-
Ѵ-ub|-őĺ ); =ou;v;; 1omঞm†;7 ;Šr-mvbom bm v|u-|;]b1
-u;-v -v orrou|†mbঞ;v -ubv;ĺ ‹ 7obm] |_bv ‰; 1-m 1u;-
ate a whole new market area for our Bank and further
7bˆ;uvb=‹ o†u ubvh ruoCѴ; 0‹ loˆbm] bm|o |_bv ub1_ -m7
]uo‰bm] -u;- o= -Ѵb=oumb-ĺ = 1o†uv; ‰; ‰bѴѴ 1omঞm†;
|o ;Šr-m7 bm o†u Ѵ;]-1‹ l-uh;|v bm |_; "-m o-t†bm
(-ѴѴ;‹ĺ ); Ѵooh =ou‰-u7 |o |_; 1_-ѴѴ;m];ĺ
mo|_;u 1om1;r| Ѵbh; |o 7bv1†vv 7†ubm] m;‰ L1;u bm-
|;uˆb;‰v -m7 -| †-u|;uѴ‹ L1;u l;;ঞm]v bv l-m-]bm]
our Bank as a “Build to Own Bank” rather than a “Build
to Sell“ bank. That is an important concept because
ľ0†bѴ7bm] |o o‰mĿ blrѴb;v bmˆ;vঞm] bm r;orѴ;ķ |u-bmbm]ķ
|;1_moѴo]‹ķ ;Šr-mvbom ruof;1|v -m7 _-ˆbm] - Ѵom] u-m];
ˆbvbomĺ m |_; o|_;u _-m7ķ -m7 ;lr_-vbŒ; |_bv 7†ubm]
|_;v; 7bv1†vvbomvķ b| -Ѵvo l;-mv ];m;u-ঞm] - _b]_ Ѵ;ˆ;Ѵ
o= Cm-m1b-Ѵ r;u=oul-m1; oˆ;u - v†v|-bm;7 r;ubo7 o=
ঞl; vo |_-| ‰; 1-m 1omঞm†; |o -vv;u| |_-| |_; 0;v|
bm|;u;v|v o= |_; v_-u;_oѴ7;uv u;vb7;v bm 1omঞm†; bm7;-
r;m7;m1;ĺ $_-| bv |_; rub1; o= 1omঞm†;7 bm7;r;m7;m1;
and we must be ever mindful of this.
-uѴb;u bm |_bv u;rou| l;mঞom;7 |_-| ;@;1ঞˆ; -m†-u‹
Ɛķ ƑƏƐƓķ ;ˆbm 1 _-bѴѴ ‰-v -rrobm|;7 u;vb7;m| -m7
_b;= r;u-ঞm] L1;u -v - ‰-‹ =ou ruoˆb7bm] =ou l‹
v†11;vvbomķ 0†| |_-| - 7-|; ‰-v mo| l;mঞom;7 -| |_-|
ঞl; o= -rrobm|l;m|ĺ $_; ঞl; _-v mo‰ -uubˆ;7 -m7 |_;
o-u7 loˆ;7 |o -rrobm| ;ˆbm -v u;vb7;m| -m7 _b;=
Š;1†ঞˆ; L1;u ;@;1ঞˆ; rubѴ Ɛķ ƑƏƐƔĺ ;ˆbm _-v
0;;m ‰b|_ †v =ou ƐƓ ‹;-uv bm v;mbou l-m-];l;m| uoѴ;vķ
_-v - v|uom] -1-7;lb1 0-1h]uo†m7ķ -m7 _-v ‰ouh;7
closely with me these past 15 months as the COO. He
bv _b]_Ѵ‹ t†-ѴbC;7 |o loˆ; †r -m7 _; _-v l‹ =†ѴѴ 1om-
C7;m1; -m7 v†rrou|ĺ ; ‰bѴѴ 7o ˆ;u‹ ‰;ѴѴ -m7 _-v -
v|uom] |;-l o= _b]_Ѵ‹ t†-ѴbC;7 oL1;uv |o -vvbv| _blĺ
$_; =†|†u; o= o†u -mh bv bm ]oo7 _-m7vĺ ‰o†Ѵ7 mo|;
|_-| -l 1omঞm†bm] om - (b1; _-bul-m o= |_; o-u7
and look forward to my new role.
m u;Y;1ঞm] om -ѴѴ o= |_; ;ˆ;m|v o= ‹;-uv r-v|ķ bm
u;ˆb;‰bm] |_; 1_-ѴѴ;m];v -m7 orrou|†mbঞ;vķ bm |_bmhbm]
-0o†| |_; fo‹v o= v†11;vv -m7 |_; -m]†bv_ o= v;|Ŋ0-1hvķ
‰o†Ѵ7 1_oov; |o 7‰;ѴѴ om |_; =;;Ѵbm]v o= 1olu-7;u‹
-m7 ]oo7 =;ѴѴo‰v_br |_-| _-ˆ; r;uˆ-7;7 o†u -mh =uol
|_; ˆ;u‹ 0;]bmmbm]ķ -m7 |_; r†u; v-ঞv=-1ঞom o= ‰ouh-
bm] ‰b|_ _b]_Ѵ‹ |-Ѵ;m|;7 v|-@ |o‰-u7 - 1ollom ]o-Ѵ o=
0†bѴ7bm] - l†ѴঞŊ1oll†mb|‹ķ bm7;r;m7;m| 0-mhĺ | bv
what William C. Taylor meant when he said that “work
‰ou|_ 7obm] 1_-ѴѴ;m];v o†u ;Šr;1|-ঞomv -m7 ;Ѵ;ˆ-|;v
our sense of possibility.” Even today we are faced with
1_-ѴѴ;m];v 0o|_ hmo‰m -m7 †mhmo‰mķ 0†| ‰; _-ˆ; |_;
talent to match up to whatever is to come and once
‰; 7o |_-| ‰; 1-m |-h; v-ঞv=-1ঞom bm _-ˆbm] l;| |_;
1_-ѴѴ;m];vĺ
-v|Ѵ‹ķ ‰-v |_bmhbm] o= ;m;u-Ѵ o†]Ѵ-v -1 u|_†u
-m7 _bv u;l-uhv |o |_; &ĺ "ĺ om]u;vv †rom _bv u;ঞu;-
ment when he paraphrased the old soldier’s ballad of
|_; 7-‹ķ m-l;Ѵ‹ķ ľoѴ7 voѴ7b;uv m;ˆ;u 7b;ķ |_;‹ f†v| =-7;
-‰-‹ĺĿ ou 0-mh;uv _-ˆ; _;-u7 |_-| r-u-r_u-v;7 -vķ
ľoѴ7 0-mh;uv m;ˆ;u 7b;ķ |_;‹ f†v| Ѵov; bm|;u;v|ĺĿ ou l;
‰o†Ѵ7 v-‹ 7o mo| bm|;m7 |o =-7; -‰-‹ķ mou _-ˆ;
Ѵov| bm|;u;v|ĺ ‰bѴѴ lbvv |_; bm|;u-1ঞom o= ‰ouhbm] ‰b|_
_b]_Ѵ‹ |-Ѵ;m|;7 r;orѴ; |o‰-u7 - 1ollom ]o-Ѵ om - 7-bѴ‹
0-vbv -v _-ˆ; |_;v; r-v| ƒѶ ‹;-uvĺ ;bm] om |_; o-u7
1-m 1-r|†u; vol; o= |_-| =;;Ѵbm]ķ 0†| b| bv ঞl; =ou l;
|o loˆ; om -m7 Ѵ;| o|_;uv |-h; †r |_; 7-bѴ‹ 1_-ѴѴ;m];ĺ
); ‰bѴѴ 0; ‰;ѴѴ Ѵ;7 0‹ ;ˆbm 1 _-bѴѴ -m7 |_; l-m‹
|-Ѵ;m|;7 ruo=;vvbom-Ѵv v†uuo†m7bm] _blĺ
"bm1;u;Ѵ‹ķ
James C. Holly
“Let us remember how good it once was
when we were surrounded by a good and
hbm7 =;;Ѳbm] |_-| l-7; †v 0;‚;u r;u_-rv
than what we were.”
$_; uo|_;uv -u-l-Œoˆ by Fyodor Dostoyevsky