The company’s net earnings amounted to 33 cents per share, compared to $3.55 million, or 25 cents per share, in the third quarter of 2014. In its financial report issued Monday, the company attributed the increase to greater interest income, driven by gains in interest-earning loans and other assets.
Some of that growth was the result of Sierra Bancorp’s acquisition last year of Santa Clara Valley Bank.
The company reported a 20% increase in its net loans and leases over the past year, and total assets amounted to $1.72 billion as of Sept. 30, compared to $1.49 billion a year earlier.
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