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56
SIERRA BANCORP AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years Ended December 31, 2015, 2014 and 2013
(dollars in thousands)
2015
2014
2013
Net income
18,067
$
15,240
$
13,369
$
Other comprehensive income (loss), before tax:
Unrealized gains on securities:
Unrealized holding gain (loss) arising during period
(2,224)
7,257
(5,588)
Reclassification adjustment for gain
(1)
included in net income
(666)
(667)
(6)
Other comprehensive income (loss), before tax
(2,890)
6,590
(5,594)
Income tax (expense) benefit related to items of other
comprehensive income
1,129
(2,712)
2,303
Total other comprehensive income (loss), net of tax
(1,761)
3,878
(3,291)
Comprehensive income
16,306
$
19,118
$
10,078
$
(1)
Amounts are included in net gains on securities available-for-sale on the Consolidated Statements
of Income in non-interest income. Income taxexpense associated with the reclassification adjustment for
the years ended 2015, 2014 and 2013 was $280 thousand, $274 thousand and $2 thousand respectively.
The accompanying notes are an integral part of these consolidated financial statements.