Sierra Bancorp was incorporated in November 2000 as a California corporation. It is a bank holding company. The Company through its banking subsidiary acts as California state-chartered bank. It offers retail and commercial banking services primarily in Tulare, Kern, Fresno, and Kings Counties in Central California, and, in Southern California, in the rich agricultural corridor stretching from Santa Paula to Santa Clarita. The Company's products and services are related to the business of lending money and accepting deposits. The Company's products and services are related to the business of lending money and accepting deposits. Its real estate loans are secured by commercial, professional office, and agricultural properties which are predominantly owner occupied, and also offer a complete line of construction loans for residential and commercial development, permanent mortgage loans, land acquisition and development loans, and multifamily credit facilities. Secondary market services for residential mortgage loans are provided through the Bank's affiliations with Freddie Mac, Fannie Mae and certain non-governmental institutions. In addition to loans it also offers deposit products for individuals and businesses including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. The Bank operates twenty-eight full service branch offices, an online branch, a real estate industries group, an agricultural credit division, and an SBA lending unit. It maintains a diversified loan portfolio comprised of agricultural, commercial, consumer, real estate construction and mortgage loans. Loans are made primarily within the market area of the South Central San Joaquin Valley of California, specifically, Tulare, Fresno, Kern, Kings, and Madera counties. It also has ATMs at all branch locations and offsite ATMs at six different non-branch locations. It attracts deposits throughout its market area with direct-mail campaigns, a customer-oriented product mix, competitive pricing, convenient locations, drive-through banking, and a multitude of alternative delivery channels. The competitors include Wells Fargo, Bank of America, JPMorgan Chase, and Union Bank as well as a number of other banks operating within the Bank's geographic footprint. As a state chartered bank, the Bank is subject to broad federal regulation and oversight extending to all its operations by the FDIC and to state regulation by the California Department of Business Oversight.