SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
73
3.
SECURITIES AVAILABLE-FOR-SALE
(Continued)
The following table summarizes the amortized cost and fair values of general obligation and revenue
bonds in the Company’s investment securities portfolio at the indicated dates, identifying the state in
which the issuing municipality or agency operates for our largest geographic concentrations (dollars in
thousands):
General obligation bonds
Amortized Cost Fair Value Amortized Cost Fair Value
State of Issuance:
California
$ 20,078 $ 21,288 $ 20,638 $ 21,272
Texas
14,489
14,675
11,340
11,024
Illinois
8,272
8,394
8,965
8,702
Ohio
7,456
7,555
7,659
7,485
Washington
5,966
6,126
5,487
5,340
Arizona
2,070
2,156
2,100
2,050
Other (20 states)
20,139
20,660
20,666
20,429
Total General Obligation Bonds
78,470
80,854
76,855
76,302
Revenue bonds
State of Issuance:
Arizona
3,710 3,777 4,700 4,341
Texas
3,273 3,387 2,762 2,719
California
2,174 2,233 2,519 2,579
Washington
1,167 1,197 1,170 1,211
Ohio
321 332 324 339
Other (8 states)
8,941
9,169
6,758
6,742
Total Revenue Bonds
19,586
20,095
18,233
17,931
Certificates of participation
-
-
2,273
2,330
Total Obligations of States and Political Subdivisions
98,056
$
100,949
$
97,361
$
96,563
$
Revenue bonds
Amortized Cost Fair Value Amortized Cost Fair Value
Revenue Source:
Water
$ 7,100 $ 7,278 $ 7,409 $ 7,144
College & University
2,723
2,834
2,203
2,187
Sales Tax
2,361
2,405
1,888
1,895
Electric & Power
1,880
1,914
1,673
1,688
Lease
1,356
1,362
1,155
1,063
Other (9 sources)
4,166
4,302
3,905
3,954
Total Revenue Bonds
19,586
$
20,095
$
18,233
$
17,931
$
December 31, 2014
December 31, 2013
