PLUMAS BANCORP

Listed Company

PLBCCIK 0001168455NasdaqNon-AcceleratedSmaller ReportingShort-Term Business Credit InstitutionsCaliforniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$29.62M

Total Assets

$2.24B

Equity

$261.08M

Shares Out

6.98M

Op. Cash Flow

$21.59M

Business

PLUMAS BANCORP is a bank holding company that conducts substantially all operations through its wholly owned subsidiary, Plumas Bank, providing community banking services. It offers lending products (commercial real estate, commercial and industrial, agricultural, consumer, construction, SBA government‑guaranteed loans) and a range of deposit, payment and ancillary services (checking, savings, time deposits, remote deposit, ATMs, mobile and online banking, cash management). The company operates through the Bank’s branch network, lending offices, agricultural credit centers and an SBA government‑guaranteed lending center. It serves communities in northeastern California and northwestern Nevada via branches, ATMs, lending centers and digital channels.

Summary from filing dated 2025-03-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	79	61	55	46	42
Taxable	17	15	12	6	3
Exempt from Federal income taxes	2	3	4	3	2
Other	3	5	4	5	345,000
Total interest income	102	84	75	60	48
Interest on deposits	12	6	4	823,000	780,000
Interest on junior subordinated deferrable interest debentures	0	0	141,000	359,000	348,000
Interest on borrowings	1	5	896,000	0	—
Other	776,000	42,000	31,000	67,000	8,000
Total interest expense	14	11	5	1	—
Net interest income before provision for credit losses	88	74	70	59	47
Provision for credit losses	7	1	3	1	1
Net interest income after provision for credit losses	81	72	67	57	46
Gain on sale of buildings	6	20	0	0	—
Interchange revenue	3	3	3	3	3
Earnings on bank owned life insurance policies, net	741,000	409,000	417,000	391,000	380,000
Federal Home Loan Bank dividends	658,000	546,000	418,000	293,000	—
Gain on sale of loans held for sale	0	37,000	234,000	3	1
Loss on sale of investment securities	−6	−20	0	0	−209,000
Other	2	877,000	3	912,000	1
Total non-interest income	11	9	11	11	9
Salaries and employee benefits	26	22	20	17	13
Occupancy and equipment	9	8	5	5	4
Other	17	13	12	11	9
Total non-interest expenses	52	42	38	33	26
Income before income taxes	40	39	40	36	28
Income Tax Expense (Benefit)	10	10	10	9	7
Net income	30	29	30	26	21
Basic earnings per common share (in dollars per share)	4.6	4.85	5.08	4.53	3.82
Diluted earnings per common share (in dollars per share)	4.54	4.8	5.02	4.47	3.76
Cash dividends on common stock, per share (in dollars per share)	1.2	1.08	1	0.64	0.56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-06-30	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-09-30
Cash and cash equivalents	81	—	82	86	—
Investment securities available for sale, net of allowance for credit losses of $0 at December 31, 2025 and 2024	477	—	438	—	—
Loans, less allowance for credit losses of $19,959,000 at December 31, 2025 and $13,196,000 at 2024	1,496	—	1,005	—	—
Right-of-use assets	29	—	24	3	—
Other real estate owned	226,000	—	91,000	357,000	—
Premises and equipment, net	24	—	12	19	—
Bank owned life insurance	34	—	17	16	—
Core deposit intangible	11	—	791,000	—	—
Goodwill	24	—	6	6	—
Interest Receivable and Other Assets	63	—	38	43	—
Total assets	2,239	2,300	1,623	1,610	—
Non-interest bearing	849	—	699	693	—
Interest bearing	961	—	672	641	—
Total deposits	1,810	—	1,371	1,334	—
Repurchase agreements	98	—	22	23	—
Accrued interest payable and other liabilities	20	—	12	13	—
Borrowings	21	—	15	90	—
Lease liabilities	29	—	25	3	—
Total liabilities	1,977	—	1,445	1,463	—
Commitments and contingencies (Note 12)	—	—	—	—	—
Serial preferred stock - no par value; 10,000,000 shares authorized; none outstanding	0	—	0	0	—
Common stock - no par value; 22,500,000 shares authorized; issued and outstanding 6,958,814 at December 31, 2025 and 5,903,368 at December 31, 2024	76	—	29	28	—
Retained earnings	196	—	174	152	—
Accumulated other comprehensive loss, net of taxes	−10	—	−25	−32	—
Total shareholders' equity	261	—	178	147	147
Total liabilities and shareholders' equity	2,239	—	1,623	1,610	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for Other Real Estate Owned (OREO) losses	0	50,000	0	0	37,000
Change in deferred loan origination costs/fees, net	−590,000	−250,000	−318,000	−2	−3
Stock-based compensation expense	343,000	502,000	322,000	262,000	223,000
Depreciation of premises and equipment and amortization of intangibles	3	1	2	2	2
Amortization of investment security premiums	718,000	831,000	1	1	1
Accretion of discounts on investments	−2	−1	−761,000	−331,000	−71,000
Accretion of premium on time deposits	−655,000	0	0	—	—
Amortization of discount on subordinated debentures	142,000	0	0	—	—
Accretion of discount on loans	−1	0	0	—	—
Loans originated for sale	0	−1	−2	−26	−43
Proceeds from loan sales	0	757,000	6	55	16
Net gain on sale of OREO	0	−5,000	−39,000	37,000	2,000
Net loss on sale of other vehicles owned	47,000	131,000	28,000	54,000	1,000
Deferred Income Tax Expense (Benefit)	2	−54,000	−702,000	1	−1
Purchase of green-energy transferable tax credit	−9	0	0	—	—
(Increase) decrease in accrued interest receivable and other assets	−5	2	335,000	−1	−876,000
(Decrease) increase in accrued interest payable and other liabilities	−2	−2	635,000	2	688,000
Net cash provided by operating activities	22	31	38	57	−8
Proceeds from matured and called available-for-sale investment securities	1	9	5	830,000	500,000
Proceeds from sale of available-for-sale securities	131	116	0	0	20
Purchases of available-for-sale investment securities	−123	−121	−73	−227	−196
Proceeds from principal repayments from available-for-sale government-guaranteed mortgage-backed securities	56	38	32	31	43
Net increase in loans	−34	−58	−50	−73	30
Cash acquired in acquisition, net of consideration paid	36	0	0	—	—
Proceeds from sale of vehicles	305,000	763,000	484,000	450,000	324,000
Proceeds from sale of other real estate	22,000	362,000	122,000	487,000	137,000
Purchases of Federal Home Loan Bank stock	0	0	−3	−514,000	−231,000
Purchase of Federal Reserve Bank stock	−1	−9,000	−8,000	−6,000	−706,000
Proceeds from bank owned life insurance	0	0	322,000	215,000	0
Proceeds from sale of buildings	5	26	0	0	0
Purchases of premises and equipment	−1	−678,000	−2	−3	−931,000
Net cash provided by (used in) investing activities	70	10	−91	−271	−80
Net (decrease) increase in demand, interest-bearing and savings deposits	−123	35	−167	34	297
Net (decrease) increase in time deposits	−19	3	42	−15	−8
Net increase (decrease) in securities sold under agreements to repurchase	76	−981,000	4	1	3
Cash dividends paid on common stock	−8	−6	−6	−4	−3
Repayments on other borrowings	−21	−185	0	0	—
Redemption of Trust Preferred Securities	0	0	−10	0	0
Increase in other borrowings	0	110	90	0	0
Proceeds from exercise of stock options	1	508,000	339,000	309,000	265,000
Net cash used in provided by financing activities	−93	−44	−46	17	284
Decrease in cash and cash equivalents	−1	−4	−98	−197	196
Interest expense	14	9	4	1	1
Income taxes	9	10	12	7	9
Lease liabilities arising from obtaining right-of-use assets	5	23	382,000	0	—
Common stock retired in connection with the exercise of stock options	86,000	78,000	154,000	84,000	119,000
Assets acquired in acquisition plus goodwill recognized	678	0	0	—	—
Liabilities assumed in acquisition	617	0	0	—	—
Common stock issued in acquisition	45	0	0	—	—

Filings

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