56
SIERRA BANCORP AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years Ended December 31, 2014, 2013 and 2012
(dollars in thousands)
2014
2013
2012
Net income
15,240
$
13,369
$
8,185
$
Other comprehensive income (loss), before tax:
Unrealized gains on securities:
Unrealized holding gain (loss) arising during period
7,257
(5,588)
1,560
Reclassification adjustment for gain
(1)
included in net income
(667)
(6)
(1,762)
Other comprehensive income (loss), before tax
6,590
(5,594)
(202)
Income tax (expense) benefit related to items of other
comprehensive income
(2,712)
2,303
74
Total other comprehensive income (loss), net of tax
3,878
(3,291)
(128)
Comprehensive income
19,118
$
10,078
$
8,057
$
(1)
Amounts are included in net gains on securities available-for-sale on the Consolidated Statements
of Income in non-interest income. Income tax expense associated with the reclassification adjustment for
the years ended 2014, 2013 and 2012 was $274 thousand, $2 thousand and $725 thousand respectively.
The accompanying notes are an integral part of these consolidated financial statements.
