Swamped by a surge in problem loans, Sierra Bancorp in Porterville, Calif., swung to a loss in the fourth quarter.

The $1.3 billion-asset company said Monday that it lost $1.9 million after earning nearly $5 million a year earlier. For the full year, its earnings fell 36%, to $13.4 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.