Climber Monthly December 2019

Bank of the Sierra?sClimber Monthly | December 2019

BIG DAY DISPLAYS

THE DIFFERENCE BETWEEN SPAM AND PHISHING

RETIREMENT OPTIONS

FLYING CARS?

PLUS : PETS OF THE WEEK, CLASSIFIEDS, HOLIDAY PHOTOS, FOOTBALL TICKETS FOR KIDS, THE QUIZ, & MORE!

President 's Corner

FROM TH E D ESK O F K EV IN J . M C P H A IL L I enjoy sciencefiction.Whether it isagood book or agoodmovie, the glimpsesthisgenreprovidesinto thefutureareboth fascinatingand a littleunnerving. Sciencefiction hasintrigued usfor most of recorded history. FromJulesVerne( JourneytotheCenterof theEarth , 1864) andH.G.Wells( Warof theWorlds , 1898) to theongoing StarWars saga(yes, I amafan), thesestorieshave presented aversion of thefuture. It seemsweall want toknowwhat thefutureholds.

Growingupduringtheeighties, I wascompletely enthralledwith theideaof theflyingcar. I still remember theiconic linefrom BacktotheFuture ? ?Wherewe?regoing,wedon?t need roads!??andwatched Marty McFly time-travel toOctober 21, 2015, in asequel featuringthoseflyingcars, plushoverboardsandmany other incredibleinventions. Tomy disappointment,we arenowover four yearspast that dateand still haveyet toseetheseparticular scientificinnovations.

Whilewedon?t haveflyingcars,we haveseen technological progressat blindingspeeds. Thefirst space shuttlehad 1MBof RAM. Compare that to theiPhoneX. It has3GBof RAM or 3,000 timesthecomputing power of thefirst spaceshuttle. Technology and consumer

conveniencearedrivingfast moving innovationswithin every industry, bankingincluded. As agrowingcommunity bank, it isimperativethat we continueto improveour technology and processesin order tomeet theevolvingneedsof our customers. In order tomaintain relevance,wemust continueto innovate.

I amproud tobepart of abank that iscommitted togrowth, expansion, and innovation. Our history isdefinitely somethingtobeproud of, and it hasprovided usasolid foundation on which wecan build! Just aswehavefor over forty years, let?sall continue towork tobuild abank that will thrivein thefutureand all thethingsit will bring!

They alwayssay t ime changes things, but you actual ly haveto change them yourself . ?AndyWarhol

Kevin McPhaill, Pr esident & CEO Bank of the Sier r a

BANK NEWS

First Snow Day in Tehachapi!

Br anch 22 Tehachapi Old Town

BANK NEWS

Thanksgiving in Santa Paula

Br anch 27 Santa Paula

BANK NEWS

Bank Ornaments

Br anch 11 Hanfor d

Gingerbread Houses

Br anch 39 Santa

Bar bar a

BANK NEWS

Big Day!

Br anch 1

PORTERVILLE MAIN

Br anch 10

TULARE

Br anch 20

TULARE PROSPERITY

Br anch 38

VENTURA

BANK NEWS

Big Day!

Br anch 21

TEHACHAPI MAIN

Br anch 29

SANTA CLARITA

Br anch 27

SANTA PAULA

BANK NEWS

Br anch 39

SANTA BARBARA

Big Day!

Br anch 37

Br anch 28

OJAI

FILLMORE

BANK NEWS

Ha l l ow een !

CORPORATE

BANK NEWS

November 's Pets of the Week

Bay

Tom

Frank

Char lie

Bliss

Sister

Izzy

Paisley Pie

Freckles

Zoe

Frank

Cooper

Tuxedo

Arel

Zoe

If you subm it a pict ure of a pet at one of our branches t hat makes our Pet post on social media, you w ill receive a f ree gif t card. If you subm it a phot o w it h a st or y or a video, you w ill receive t wo gif t cards! If you subm it a video w it h a st or y, you w ill receive t hree gif t cards! Older phot os and subm issions w it h st or ies or video are given pr ior it y when select ing Pet s of t he Week .

BANK NEWS

Old Faces in New Places

Aresly Alvarado 3 Lindsay Br . FROM TO

40 Woodlake Br .

Win gift cards with your Pet of the Week entr ies! We?re looking for interesting and unique stories? alongwith cute photosand videos?of the pets that visit our branches to share on social media.

- Pet photo(s) ?Win $5 in gift cards - Pet video ?Win $10 in gift cards

- Pet photo(s) with story ?Win $10 in gift cards - Pet video with story ?Win $15 in gift cards! Submit your Pet of the Week entries to marketing@bankofthesierra.com.

CLASSIFIEDS Fu r n i t u r e FOR SALE Couch: $50 Oversized armchair: $40

Two end tables: $35

Changing table: $25

Graco Pack 'n Play with bassinet: $25

Contact Stacie at Corporate ( x4954 ) if interested.

BANK NEWS

Can yo u beat t hese 5K t imes?

Edgar Suarez, Br. 2 20:07

Michelle Rodr iguez, Ag Dept. 25:36.8

Send Marketing evidence of your winning time in your local 5K race and CLAIM THE BELT!

SIERRA GRANTS

McKel lar Fam i ly Farms

Grant paid for sitting area at the organization'snew ag education facility

Ojai Val ley Land Conser vancy

Installing a bridge spanning the Happy ValleyDrain

Boys & Gi r ls Clubs of t he Sequoias

Portable library for high school athletes' siblingsduring games at Farmersville

SIERRA GRANTS

Bank of the Sier r a donated tickets to Boys & Gi r ls Clubs of the Sequoias and Pr oYouth so ar ound 100 at-r isk kids could attend the Fr esno State ver sus Nevada football game at Bulldog Stadium on November 23. A special thanks to Ar aceli Lilley, Er ik Mar tin, and Br eWilhite for volunteer ing to help chaper one the kids.Many of the kids had never seen a game in per son and wer e ver y excited about being ther e.

SIERRA GRANTS

Selma Ag Luncheon

Tu lare Count y Farm Bureau

Kingsbur g High School FFA

McKel lar Fam i ly Farms

SIERRA GRANTS

SoCal Ag Luncheon

St udent s f or Eco-Educat ion & Agr icu l t ure

SIERRA GRANTS

Int erest ed in volunt eering? Consider t hese Sierra Grant recipient s:

Tul are County Tul are County Tul are County Tul are County Tul are County Tul are County Tul are County Tul are County Tul are County Tul are County Tul are County Kings County

Val ley Adu l t Day Ser vices valleyadultdayservices.org/ contact Exet er Food Closet exeterfoodcloset@gmail.com Por t er vi l le Ar t Associat ion, Inc. portervilleart.wordpress.com/ contact-us Boys & Gi r ls Club of t he Sequoias bgcsequoias.org/ volunteer Ar t s Visal ia artsvisalia.org/ support-us/ volunteer-info

Tu lare Count y Farm Bureau Educat ional & Scholar sh ip Fund Tr ust tcfb@tulcofb.org

McKel lar Fam i ly Farms, Inc. mckellarfamilyfarms.com/ contact

Sundale Un ion Element ar y School Dist r ict sundaleschool.com/our-district/ contact-us

Fresno County Kings County Kings County

Kingsbur g High School FFA kingsburgffa.weebly.com/ contact-us.html

Kings Tu lare Cont inuum of Care on Homelessness kthomelessalliance.org/ contact

Fresno County

St at e Cent er Commun i t y Col lege Foundat ion on behal f of Reedley Col lege (559) 638-0300

Kings Commun i t y Act ion Or gan izat ion kcao.org/ volunteer

SIERRA GRANTS

Int erest ed in volunt eering? Consider t hese Sierra Grant recipient s:

SLO County SLO County SLO County SB County Kern County Kern County SB County Ventura County Ventura County LA County

Jun ior League of Baker sf ield uetzc@kerndhs.com juniorleagueofbakersfield.org/ contato-1 Ker n Par t ner sh ip f or Ch i ldren and Fam i l ies

San Lu is Obispo Symphony slosymphony.org/ volunteer

SB County SB County

SLO Noor Foundat ion slonoorfoundation.org/ volunteer

Cent ral Coast Vet erans Helping Vet erans ccvhv.org/ contact

Lompoc Gardens, Inc. hasbarco.org/ lompoc-gardens

Cabr i l lo High School Aquar ium CHSAquarium@gmail.com

OjaiCARES, Inc. ojaicares.org/ volunteer

Ojai Val ley Land Conser vancy ovlc.org/ volunteer

Ventura County

Bu i lding Blocks f or Kids bbfkids.org/ volunteer

COMPLIANCE

OFFICEOFFOREIGN ASSETSCONTROL(OFAC) T he O f f i ce of For ei gn Asset s Con t r o l or OFAC f or shor t , i s a dep t of the US T r easu r y and en f or ces econom i c t r ade san ct i on s based on US f or ei gn po l i cy and nat i onal secu r i t y goal s agai n st tar geted f or ei gn coun t r i es and r egim es, ter r or i st s, i n ter nat i onal nar cot i cs t r af f i cker s, those engaged i n act i v i t i es r el ated to the p r o l i f er at i on of weapon s of m ass dest r uct i on and other th r eat s to the nat i onal secu r i t y, f or ei gn OFAC pub l i shes a l i st of Speci al l y D esi gnated Nat i onal s (SDNs), wh i ch l i st s peop l e, or gan i zat i on s, and vessel s w i th whom U.S. ci t i zen s and perm anen t r esi den t s ar e p r oh i b i ted f r om do i ng busi ness. Al l new custom er s ar e au tom at i cal l y checked agai n st the m ost cu r r en t OFAC l i st s by the Si l ver l ake System at the t im e the r el at i on sh i p i s estab l i shed . Any t im e the OFAC l i st i s updated , Jack H en r y au tom at i cal l y scr ubs ou r cl i en t database. A wor k l i st i s cr eated i n Yel l owham m er of any possi b l e m at ches. T he BSA depar tm en t r ev i ews each of these h i t s to con f i rm a f al se/ posi t i ve and r epor t s the data. New em p l oyees ar e al so r an th r ough the OFAC system upon h i r e date and added to the cor e database to en su r e they ar e i n cl uded i n the sem i -m on th l y OFAC scr ub. Each t im e a po l i cy or econom y of the US. Sp eci al l y D esi gn ated N at i on al s

COMPLIANCE

cash i er ?s check i s i ssued the payees ar e checked agai n st the m ost r ecen t OFAC l i st s. Al l ou tgo i ng w i r es ar e p r ocessed th r ough D i r ect L i ne W i r es and w i l l au tom at i cal l y be scanned agai n st OFAC l i st s at the t im e of w i r e p r ocessi ng. ACH or i gi nator s ar e al so checked agai n st OFAC l i st s and possi b l e m at ches ar e r ev i ewed by BSA each day. O f ten nam es w i l l r etu r n as a m at ch . I t i s im por tan t that we gather as m uch i n f orm at i on as possi b l e to r u l e ou t a posi t i ve m at ch , th i s i n cl udes b i r th date, add r ess or even soci al secu r i t y num ber . I f we do have a posi t i ve m at ch , we m ust f r eeze the f unds on deposi t and con tact OFAC im m ed i atel y. I f we determ i ne the benef i ci ar y of a w i r e i s an OFAC m at ch , we w i l l ei ther r eject or f r eeze the f unds f r om the w i r es al so. T he BSA D ep t r ev i ews al l custom er s, et c f or possi b l e OFAC m at ches and m akes the determ i nat i on based on the i n f orm at i on avai l ab l e. OFAC al so san ct i on s speci f i c coun t r i es that m ay pose a th r eat to the US. M ost of these san ct i on s do not al l ow us to per f orm any t r an sact i on s w i th these coun t r i es. Som e san ct i on s al l ow som e t r an sact i on s, as l ong as the i nd i v i dual r equest i ng the t r an sact i on s have a l i cen se gr an ted by OFAC f or a

speci f i c t r an sact i on . T hese ar e r ar e and ar e f ound m ost l y w i th l ar ge, i n ter nat i onal cor por at i on s or ai d gr oups, such as Red Cr oss. I f you ever have any quest i on s or con cer n s abou t OFAC, p l ease con tact BSA D ep t .

COMPLIANCE

Please on ly f orward suspect ed PHISHING emails t o IT/ ISusing t he KnowBe4 Ph ish ing Add-In. You can cont rol Spam or Junk Mail w it h in your Out look client .

HUMAN RESOURCES

Ret i rement savings account opt ions: IRAs and 401(k)s Deciding to save for ret irement is a great idea. Figur ing out how to do it , on the other hand, can be a bit confusing. How do you figure out what?s best for you and your goals? By learning about your opt ions, you can choose the type of savings account that?s r ight for your life, now and in the future. Let?s start with the two most common ways to save? Individual Ret irement Accounts (or IRAs) and 401(k) accounts. How are IRAs and 401(k )s t he same? - A 401(k) and an IRA are two types of investment accounts that help you save for ret irement . - Both accounts let you make ongoing contr ibut ions1 and invest your savings in the market for potent ial growth over t ime. - They also both come with certain tax benefits, but each is a lit t le different .

HUMAN RESOURCES

How are t hey di f f erent ?

When wou ld you use an IRA vs. a 401(k )? Consider invest ing in a 401(k ) i f : - You have access to one where you work - Your employer offers to match a percentage of your contr ibut ion You may want t o invest in an IRA i f you are: - Want ing a way to save that?s not dependent on your job - Want ing a way to save alongside your company 401(k) plan (the tax benefits for one or both accounts may change in this scenar io) - Changing jobs - Transit ioning to self-employment - Planning to ret ire soon - Ret ired and need to turn savings into income - Looking to simplify tracking and management of your savings by consolidat ing mult iple ret irement accounts What about Rot h? Roth 401(k)s and Roth IRAs have slight ly different features, especially in regard to taxes. In a Roth account , you pay taxes on your contr ibut ions up front , then withdraw your money tax free in ret irement . 2 A quick compar ison of all 4 types of ret irement accounts is on the next page:

HUMAN RESOURCES

Tradit ional 401(k ) Tradit ional IRA Rot h 401(k )

Rot h IRA

When do you pay taxes?

In retirement, when you withdraw your savings

In retirement, when you withdraw your savings

Up front, before you contribute. Your earnings are tax free You can contribute as long as you're still working; you can't contribute past age 70½ - Up to $19,000 - Age 50 and above can contribute an additional $6,000 3 You must have earned income, but there?s no maximum limit - Withdraw contributions and earnings starting at age 59½ - You have to start withdrawing money at age 70½

Up front, before you contribute. Your earnings are tax free

Is there an age limit?

You can contribute as long as you're still working; you can't contribute past age 70½ - Up to $19,000 - Age 50 and above can contribute an additional $6,000 3 You must have earned income, but there?s no maximum limit - Usually at age 59½; at age 55 under certain circumstances - You have to start withdrawing money at age 70½

Must be under age 70½ to contribute

Can be any age

How much can you contribute each year? Is there an income limit? When can you withdraw your money?

- Up to $6,000 - Age 50 and above can contribute an additional $1,000 3 You must have earned income, but there?s no maximum limit - Starting at age 59½ - You have to start withdrawing money at age 70½

- Up to $6,000 - Age 50 and above can contribute an additional $1,000 3

Yes? review t he det ails

- Withdraw contributions at any time - Withdraw earnings starting at age 59½ 1 - You?re not required to withdraw money at any specific age If you want to save outside of an employer plan account, you think tax rates may be higher when you retire, and your

When might it make sense to invest in this type of account?

If your employer offers one, and especially if they offer an employer match (that?s free money!)

If you want to save outside of an employer plan account, and you expect you?ll be in a lower tax bracket in retirement

If your employer offers one (especially with an employer match) and you think tax rates may be higher when you retire

income doesn?t exceed the max limit

1 Your account must be open for 5 years and you must be over age 59½ to be eligible for qualified tax-free withdrawals. 2 Contribution limits may apply. 3 2019 contribution limits.

IN MEMORIAM

IN LOVINGMEMORY

Donna Anderson Branch 34 ? Lompoc May 8, 1960 ? November 29, 2019

TRAINING

DEPOSITGROWTH CONTEST

The Deposit Growth Contest continues. A prize will be given for most deposits in both the consumer and the business categories as a way of allowing each branch to be more aware of their capacity for growth, while encouraging a little good-natured competition at the same time. The results are in for the current month. Congratulations to the winners! Each of the winning branches will each be rewarded with a branch-wide lunch. When you have the lunch, SEND MARKETING YOUR PICTURES. One representative from each winning branch must contact Marketing to coordinate claiming the prize! Thanks for your efforts, everyone, and Keep Climbing!

Note: The amounts above do not include CDs.

BRANCH PERFORMANCE

HOWIS YOURBRANCH PERFORMING? These new charts help branches compare monthly checking account openings. If your "factor" is larger than 1.00, your branch opened more accounts than the same month in 2018. Likewise, if your "factor" is smaller than 1.00, your branch opened fewer accounts.

SIERRA BANCORPFACT SHEET

SIERRA BANCORPFACT SHEET

You Ar e A Star !

Edgar Suarez Branch 2 - Por t er vi l le West Ol ive "Edgar is such a great person to work with. He has a super personality and is always spreading good vibes around the branch. Not only is he an amazing FSR, he?s also a handy man, mechanic, Bank of the Sierra fastest male belt holder, and a comedian around our branch. If he?s not opening accounts, he?s helping customers with their car problems in the dr ive thru. He?s always ready to help and go out of his way. Keep up the

Vera Tavares Branch 11 - Hanf ord "Vera is always willing to help assist the Ag Department with our customers. Thank you, Vera, for going above and beyond!" - Ag Department

Ju l ie Gordon Branch 1 - Por t er vi l le "Julie always provides customers with great customer service. The Ag Department knows we can always rely on Julie to be a team player." - Ag Department

Have you seen your cowor ker go above and beyond? Email your submission to the MarketingDepartment.

good work Edgar!" - Alexis Connelley

CLIMBERQUIZ

This month?s quiz is based on information found throughout the newsletter. Please submit answers for the following questions to the Marketing Department. There will be only one winner per branch or depar tment. The first correct respondent per branch/ department gets the prize! 1. The movie Back to the Future, Part II predicted that there would be flying cars and hoverboards in what year? 2. Name one of the two organizat ions that received Fresno State football game t ickets donated by Bank of the Sierra. 3. Fill in the blank: Spam is unsolicited email that typically at tempts to ____ you something. 4. What should you use within Out look to forward suspected phishing email to IT/ IS?

Have Newslet ter Ideas?Tell Us!

If there are any ideas or topics you?d like us to cover in our future newslet ters, let us know! We?re also open to cont r ibut ions that may benefit your fellow employees. Share informat ion about banking, finance, new technology, policy and law changes, bank events, and helpful t ips& t r icks. Please send your newslet ter submissions to the Market ing Department for review. We thank you in advance for your cont r ibut ion!

5. What age must you be under to contr ibute to a tradit ional IRA?

CLOSINGREMARKS

Merry Christmas!

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