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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
74
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
$ 20,473 $ 21,642 $ 20,078 $ 21,288
Texas
16,575
16,954
14,489
14,675
Illinois
9,997
10,191
8,272
8,394
Ohio
7,610
7,748
7,456
7,555
Washington
5,905
6,081
5,966
6,126
Arizona
2,039
2,108
2,070
2,156
Utah
953
990
956
984
Other (19 states)
20,334
20,848
19,183
19,676
Total General Obligation Bonds
83,886
86,562
78,470
80,854
Revenue bonds
State of Issuance:
Utah
4,434 4,519 3,769 3,834
Texas
3,732 3,863 3,273 3,387
Washington
1,791 1,827 1,167 1,197
California
1,002 1,028 2,174 2,233
Ohio
318 319 321 332
Arizona
- - 3,710 3,777
Other (7 states)
3,930
4,065
5,172
5,335
Total Revenue Bonds
15,207
15,621
19,586
20,095
Total Obligations of States and Political Subdivisions
99,093
$
102,183
$
98,056
$
100,949
$
December 31, 2015
December 31, 2014
The following table summarizes the amortized cost and fair value of revenue bonds in the Company’s
investment securities portfolio at the indicated dates, identifying the revenue source of repayment for our
largest source concentrations (dollar in thousands):
Revenue bonds
Amortized Cost Fair Value Amortized Cost Fair Value
Revenue Source:
Water
$ 3,942 $ 4,052 $ 7,100 $ 7,278
College & University
2,975
3,103
2,723
2,834
Sales Tax
2,630
2,663
2,361
2,405
Lease
2,040
2,100
1,356
1,362
Electric & Power
679
691
1,880
1,914
Other (9 sources)
2,941
3,012
4,166
4,302
Total Revenue Bonds
15,207
$
15,621
$
19,586
$
20,095
$
December 31, 2015
December 31, 2014