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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
111
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
-
$ $ 29,042 $ - $ 29,042 $ -
Mortgage-backed securities
-
375,061 - 375,061 -
State and political subdivisions
-
102,183 - 102,183 -
Equity securities
1,296 - - 1,296 -
Total available-for-sale securities $ 1,296 $ 506,286 $ - $ 507,582 $ -
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 $ -
Fair Value Measurements at December 31, 2015, Using
Fair Value Measurements at December 31, 2014, Using