Plumas Bancorp Reports Record Second Quarter 2026 Earnings
Rhea-AI Summary
Plumas Bancorp (Nasdaq: PLBC) reported record second quarter 2026 net income of $9.9 million, or $1.43 per share, up from $6.3 million, or $1.07, in Q2 2025. Diluted EPS rose to $1.41. Return on average assets was 1.79% and return on average equity was 15.0%.
According to Plumas Bancorp, second quarter 2026 net interest income increased to $26.0 million from $18.2 million, while non-interest income rose to $2.8 million. For the first half of 2026, net income was $19.7 million versus $13.5 million a year earlier.
The company’s 2025 acquisition of Cornerstone Community Bank added approximately $658 million in assets, $478 million in loans, and $580 million in deposits, contributing to 49% loan growth and 38% deposit growth year over year. Book value per share increased 20% to $39.08.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Q2 2026 net income $9.9M vs. $6.3M in Q2 2025
- Q2 2026 diluted EPS $1.41 vs. $1.05 year over year
- Net interest income Q2 2026 $26.0M vs. $18.2M in Q2 2025
- First-half 2026 net income $19.7M vs. $13.5M in 2025
- Loan portfolio growth +$494M to $1.5B, up 49% year over year
- Deposits growth +$518M to $1.9B, up 38% year over year
Negative
- Nonperforming assets up to $23.6M vs. $13.7M year over year
- Nonperforming loans ratio 1.55% vs. 1.34% of total loans
- Net charge-offs $419K first-half 2026 vs. $137K in 2025
- Non-interest expense up $3.5M in Q2, to $14.5M
- Repurchase agreements balances rose to $59M from $15M
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 15 | Q1 2026 earnings | Positive | +1.7% | Record Q1 2026 earnings and authorization of a $25M repurchase program. |
| Oct 15 | Q3 2025 earnings | Negative | +0.1% | Lower EPS year-over-year with higher provisions and acquisition-related expenses. |
| Jul 16 | Q2 2025 earnings | Negative | -2.9% | Earnings down from prior year despite Cornerstone merger announcement costs. |
| Apr 16 | Q1 2025 earnings | Positive | -1.7% | Stronger Q1 2025 earnings alongside announcement of Cornerstone merger agreement. |
| Jan 15 | FY 2024 results | Neutral | +4.2% | Stable 2024 results with modest growth in loans, deposits, and asset quality. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Past earnings releases have produced generally modest single-day moves, with mixed direction around the news.
Key Terms
nonperforming assets financial
other real estate owned financial
repurchase agreements financial
secured overnight financing rate financial
federal home loan bank financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
RENO, Nev., July 15, 2026 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC) referred to herein as the ‘Company,’ the parent company of Plumas Bank, today announced record earnings during the second quarter of 2026 of
Return on average assets was
Net interest income increased by
Non-interest income increased by
Non-interest expense increased by
The provision for income taxes increased by
For the six months ended June 30, 2026, the Company reported net income of
Return on average assets was
Net interest income increased by
Non-interest income increased by
Non-interest expense increased by
The provision for income taxes increased by
Acquisition of Cornerstone Community Bank and Cornerstone Community Bancorp
Results for the six and three months ended June 30, 2026 include the acquisition of Cornerstone Community Bank (CCB), the wholly owned subsidiary of Cornerstone Community Bancorp (Cornerstone), effective July 1, 2025. Total assets acquired from Cornerstone, excluding purchase adjustments, were
Balance Sheet Highlights
June 30, 2026 compared to June 30, 2025
- Gross loans increased by
$494 million , or49% , to$1.5 billion . - Total deposits increased by
$518 million , or38% , to$1.9 billion . - Total equity increased by
$79 million , or41% , to$272 million . - Book value per share increased by
$6.54 , or20% , to$39.08 .
President’s Comments
Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp, commented, "We are pleased to report another strong quarter of financial performance as we continued to build on the momentum generated throughout the past year. Our results reflect the strength of our relationship-based banking model and disciplined execution of our strategic priorities. Deposit growth, strong net interest income, and continued operating performance demonstrate the benefits of our expanded franchise and our ability to serve clients across a broader geographic footprint. We also continued to benefit from the high-quality customer relationships and talented employees who joined our organization through the Cornerstone acquisition.
Asset quality remains a key area of focus. While we continue to monitor economic conditions and individual credit relationships closely, we believe our loan portfolio remains well diversified and supported by prudent underwriting standards, strong client relationships, and experienced credit administration.
Our capital position continues to provide flexibility to support organic growth opportunities, return capital to shareholders through both dividends and our share repurchase program, and invest in initiatives that strengthen our long-term competitive position. I would like to thank our employees for their ongoing commitment and our shareholders for their continued confidence and support."
Loans, Deposits, Investments and Cash
Primarily reflecting the acquisition of Cornerstone, gross loans increased by
At June 30, 2026, approximately
Primarily reflecting the acquisition of Cornerstone, total deposits increased by
During the six months ended June 30, 2026 total deposits increased by
Total investment securities increased by
Primarily related to the increase in deposits, cash and due from banks increased by
Asset Quality
Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2026, were
During the first half of 2026 the provision for credit losses totaled
Net charge-offs totaled
The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2026 and 2025 (in thousands).
| Allowance for Credit Losses | June 30, 2026 | June 30, 2025 | |||||
| Balance, beginning of period | $ | 19,959 | $ | 13,196 | |||
| Provision charged to operations | 200 | 1,150 | |||||
| Losses charged to allowance | (663 | ) | (506 | ) | |||
| Recoveries | 244 | 369 | |||||
| Balance, end of period | $ | 19,740 | $ | 14,209 | |||
| Reserve for Unfunded Commitments | June 30, 2026 | June 30, 2025 | |||||
| Balance, beginning of period | $ | 580 | $ | 620 | |||
| Provision charged to operations | 70 | (40 | ) | ||||
| Balance, end of period | $ | 650 | $ | 580 | |||
Borrowing and Repurchase Agreements
Short-term Borrowing Arrangements. The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to
Note Payable. Plumas Bancorp had outstanding borrowings of
Subordinated Debentures. In connection with the acquisition of Cornerstone, the Company assumed
Repurchase Agreements. The Company offers a repurchase agreement product for its larger customers which use securities sold under agreements to repurchase as an alternative to interest-bearing deposits. Securities sold under agreements to repurchase totaled
Liquidity
The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers' borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.
The Company can borrow up to
Customer deposits are the Company’s primary source of funds. Total deposits increased by
The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.
Shareholders’ Equity
Total shareholders’ equity increased by
Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2026
Driven primarily by growth in the loan portfolio mostly related to the acquisition of Cornerstone, net interest income increased by
Interest and fees on loans increased by
The amortization of discounts on loans acquired from Cornerstone totaled
Interest earned on investment securities increased by
Interest earned on cash balances increased by
Interest expense on deposits increased by
The average rate paid on interest bearing liabilities increased from
Net interest margin for the three months ended June 30, 2026, increased 30 basis points to
Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2026
Net interest income for the six months ended June 30, 2026 was
Interest and fees on loans increased by
Interest on investment securities increased by
Interest on cash balances declined by
Primarily related to an increase in balance and rate paid on deposits and repurchase agreements, interest expense increased from
Interest expense on deposits increased by
Interest expense on repurchase agreements increased by
Net interest margin for the six months ending June 30, 2026 increased 19 basis points to
Non-Interest Income/Expense – Three Months Ended June 30, 2026
During the three months ended June 30, 2026, non-interest income totaled
During the three months ended June 30, 2026, total non-interest expense increased by
Occupancy and equipment expense increased by
Non-Interest Income/Expense – Six Months Ended June 30, 2026
During the six months ended June 30, 2026, non-interest income totaled
Primarily driven by the acquisition of Cornerstone, non-interest expense increased by
Salary and benefit expense totaled
Primarily related to the acquisition of Cornerstone and to a lesser extent the sales/leaseback completed during the fourth quarter of 2025, occupancy and equipment expenses increased by
Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The Bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter, and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.
Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.
Contact: Jamie Huynh
Investor Relations
Plumas Bancorp
5525 Kietzke Lane Ste. 100
Reno, NV 89511
775.786.0907 x8908
investorrelations@plumasbank.com
| PLUMAS BANCORP | ||||||||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||||
| (In thousands) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| As of June 30, | ||||||||||||||
| 2026 | 2025 | Dollar Change | Percentage Change | |||||||||||
| ASSETS | ||||||||||||||
| Cash and due from banks | $ | 135,546 | $ | 79,266 | $ | 56,280 | 71.0 | % | ||||||
| Investment securities | 465,991 | 439,676 | 26,315 | 6.0 | % | |||||||||
| Loans, net of allowance for credit losses | 1,496,190 | 1,006,873 | 489,317 | 48.6 | % | |||||||||
| Premises and equipment, net | 23,763 | 12,065 | 11,698 | 97.0 | % | |||||||||
| Right-of-use assets | 27,985 | 23,912 | 4,073 | 17.0 | % | |||||||||
| Bank owned life insurance | 34,203 | 16,736 | 17,467 | 104.4 | % | |||||||||
| Core deposit intangible | 9,954 | 703 | 9,251 | 1315.9 | % | |||||||||
| Goodwill | 24,215 | 5,502 | 18,713 | 340.1 | % | |||||||||
| Accrued interest receivable and other assets | 59,897 | 43,784 | 16,113 | 36.8 | % | |||||||||
| Total assets | $ | 2,277,744 | $ | 1,628,517 | $ | 649,227 | 39.9 | % | ||||||
| LIABILITIES AND | ||||||||||||||
| SHAREHOLDERS’ EQUITY | ||||||||||||||
| Deposits | $ | 1,885,065 | $ | 1,366,827 | $ | 518,238 | 37.9 | % | ||||||
| Repurchase agreements | 59,217 | 14,940 | 44,277 | 296.4 | % | |||||||||
| Lease liabilities | 28,388 | 24,519 | 3,869 | 15.8 | % | |||||||||
| Accrued interest payable and other liabilities | 16,908 | 14,152 | 2,756 | 19.5 | % | |||||||||
| Borrowings | 16,033 | 15,000 | 1,033 | 6.9 | % | |||||||||
| Total liabilities | 2,005,611 | 1,435,438 | 570,173 | 39.7 | % | |||||||||
| Common stock | 74,702 | 29,803 | 44,899 | 150.7 | % | |||||||||
| Retained earnings | 211,013 | 183,954 | 27,059 | 14.7 | % | |||||||||
| Accumulated other comprehensive loss, net | (13,582 | ) | (20,678 | ) | 7,096 | 34.3 | % | |||||||
| Shareholders’ equity | 272,133 | 193,079 | 79,054 | 40.9 | % | |||||||||
| Total liabilities and shareholders’ equity | $ | 2,277,744 | $ | 1,628,517 | $ | 649,227 | 39.9 | % | ||||||
| PLUMAS BANCORP | ||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||
| (In thousands, except per share data) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| FOR THE THREE MONTHS ENDED JUNE 30, | 2026 | 2025 | Dollar Change | Percentage Change | ||||||||||
| Interest income | $ | 30,360 | $ | 20,633 | $ | 9,727 | 47.1 | % | ||||||
| Interest expense | 4,353 | 2,450 | 1,903 | 77.7 | % | |||||||||
| Net interest income before provision for credit losses | 26,007 | 18,183 | 7,824 | 43.0 | % | |||||||||
| Provision for credit losses | 600 | 860 | (260 | ) | (30.2 | )% | ||||||||
| Net interest income after provision for credit losses | 25,407 | 17,323 | 8,084 | 46.7 | % | |||||||||
| Non-interest income | 2,751 | 2,361 | 390 | 16.5 | % | |||||||||
| Non-interest expense | 14,504 | 11,012 | 3,492 | 31.7 | % | |||||||||
| Income before income taxes | 13,654 | 8,672 | 4,982 | 57.4 | % | |||||||||
| Provision for income taxes | 3,695 | 2,351 | 1,344 | 57.2 | % | |||||||||
| Net income | $ | 9,959 | $ | 6,321 | $ | 3,638 | 57.6 | % | ||||||
| Basic earnings per share | $ | 1.43 | $ | 1.07 | $ | 0.36 | 33.6 | % | ||||||
| Diluted earnings per share | $ | 1.41 | $ | 1.05 | $ | 0.36 | 34.3 | % | ||||||
| PLUMAS BANCORP | ||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||
| (In thousands, except per share data) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| FOR THE SIX MONTHS ENDED JUNE 30, | 2026 | 2025 | Dollar Change | Percentage Change | ||||||||||
| Interest income | $ | 59,727 | $ | 41,223 | $ | 18,504 | 44.9 | % | ||||||
| Interest expense | 8,581 | 4,501 | 4,080 | 90.6 | % | |||||||||
| Net interest income before provision for credit losses | 51,146 | 36,722 | 14,424 | 39.3 | % | |||||||||
| Provision for credit losses | 270 | 1,110 | (840 | ) | (75.7 | )% | ||||||||
| Net interest income after provision for credit losses | 50,876 | 35,612 | 15,264 | 42.9 | % | |||||||||
| Non-interest income | 5,748 | 5,574 | 174 | 3.1 | % | |||||||||
| Non-interest expense | 29,791 | 22,477 | 7,314 | 32.5 | % | |||||||||
| Income before income taxes | 26,833 | 18,709 | 8,124 | 43.4 | % | |||||||||
| Provision for income taxes | 7,111 | 5,208 | 1,903 | 36.5 | % | |||||||||
| Net income | $ | 19,722 | $ | 13,501 | $ | 6,221 | 46.1 | % | ||||||
| Basic earnings per share | $ | 2.83 | $ | 2.28 | $ | 0.55 | 24.1 | % | ||||||
| Diluted earnings per share | $ | 2.79 | $ | 2.25 | $ | 0.54 | 24.0 | % | ||||||
| PLUMAS BANCORP | |||||||||||||||||||
| SELECTED FINANCIAL INFORMATION | |||||||||||||||||||
| (Dollars in thousands, except per share data) | |||||||||||||||||||
| (Unaudited) | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
| 6/30/2026 | 3/31/2026 | 6/30/2025 | 6/30/2026 | 6/30/2025 | |||||||||||||||
| EARNINGS PER SHARE | |||||||||||||||||||
| Basic earnings per share | $ | 1.43 | $ | 1.40 | $ | 1.07 | $ | 2.83 | $ | 2.28 | |||||||||
| Diluted earnings per share | $ | 1.41 | $ | 1.38 | $ | 1.05 | $ | 2.79 | $ | 2.25 | |||||||||
| Weighted average shares outstanding | 6,966 | 6,984 | 5,929 | 6,975 | 5,920 | ||||||||||||||
| Weighted average diluted shares outstanding | 7,058 | 7,073 | 6,006 | 7,069 | 6,006 | ||||||||||||||
| Cash dividends paid per share 1 | $ | 0.33 | $ | 0.33 | $ | 0.30 | $ | 0.66 | $ | 0.60 | |||||||||
| PERFORMANCE RATIOS (annualized for the three months) | |||||||||||||||||||
| Return on average assets | 1.79 | % | 1.78 | % | 1.56 | % | 1.79 | % | 1.67 | % | |||||||||
| Return on average equity | 15.0 | % | 14.9 | % | 13.4 | % | 14.9 | % | 14.7 | % | |||||||||
| Yield on earning assets | 5.99 | % | 5.88 | % | 5.48 | % | 5.93 | % | 5.49 | % | |||||||||
| Rate paid on interest-bearing liabilities | 1.62 | % | 1.60 | % | 1.33 | % | 1.61 | % | 1.24 | % | |||||||||
| Net interest margin | 5.13 | % | 5.03 | % | 4.83 | % | 5.08 | % | 4.89 | % | |||||||||
| Noninterest income to average assets | 0.49 | % | 0.55 | % | 0.58 | % | 0.52 | % | 0.69 | % | |||||||||
| Noninterest expense to average assets | 2.61 | % | 2.79 | % | 2.72 | % | 2.70 | % | 2.79 | % | |||||||||
| Efficiency ratio 2 | 50.4 | % | 54.3 | % | 53.6 | % | 52.4 | % | 53.1 | % | |||||||||
| 6/30/2026 | 3/31/2026 | 6/30/2025 | 12/31/2025 | 12/31/2024 | |||||||||||||||
| CREDIT QUALITY RATIOS AND DATA | |||||||||||||||||||
| Allowance for credit losses | $ | 19,740 | $ | 19,321 | $ | 14,209 | $ | 19,959 | $ | 13,196 | |||||||||
| Allowance for credit losses as a percentage of total loans | 1.30 | % | 1.29 | % | 1.39 | % | 1.32 | % | 1.30 | % | |||||||||
| Nonperforming loans | $ | 23,473 | $ | 14,167 | $ | 13,652 | $ | 15,089 | $ | 4,105 | |||||||||
| Nonperforming assets | $ | 23,633 | $ | 14,393 | $ | 13,747 | $ | 15,321 | $ | 4,307 | |||||||||
| Nonperforming loans as a percentage of total loans | 1.55 | % | 0.94 | % | 1.34 | % | 1.00 | % | 0.40 | % | |||||||||
| Nonperforming assets as a percentage of total assets | 1.04 | % | 0.65 | % | 0.84 | % | 0.68 | % | 0.27 | % | |||||||||
| Year-to-date net charge-offs | $ | 419 | $ | 237 | $ | 137 | $ | 442 | $ | 1,046 | |||||||||
| Year-to-date net charge-offs as a percentage of average loans (annualized) | 0.06 | % | 0.06 | % | 0.03 | % | 0.04 | % | 0.11 | % | |||||||||
| CAPITAL AND OTHER DATA | |||||||||||||||||||
| Common shares outstanding at end of period | 6,964 | 6,975 | 5,934 | 6,959 | 5,903 | ||||||||||||||
| Shareholders' equity | $ | 272,133 | $ | 265,392 | $ | 193,079 | $ | 261,076 | $ | 177,899 | |||||||||
| Book value per common share | $ | 39.08 | $ | 38.05 | $ | 32.54 | $ | 37.52 | $ | 30.14 | |||||||||
| Tangible common equity 3 | $ | 237,964 | $ | 230,657 | $ | 186,874 | $ | 225,760 | $ | 171,606 | |||||||||
| Tangible book value per common share 4 | $ | 34.17 | $ | 33.07 | $ | 31.49 | $ | 32.44 | $ | 29.07 | |||||||||
| Tangible common equity to total assets | 10.4 | % | 10.5 | % | 11.5 | % | 10.1 | % | 10.6 | % | |||||||||
| Gross loans to deposits | 80.4 | % | 84.6 | % | 74.7 | % | 83.6 | % | 74.1 | % | |||||||||
| PLUMAS BANK REGULATORY CAPITAL RATIOS | |||||||||||||||||||
| Tier 1 Leverage Ratio | 11.8 | % | 11.6 | % | 12.7 | % | 11.1 | % | 11.9 | % | |||||||||
| Common Equity Tier 1 Ratio | 15.8 | % | 15.5 | % | 17.9 | % | 14.8 | % | 17.3 | % | |||||||||
| Tier 1 Risk-Based Capital Ratio | 15.8 | % | 15.5 | % | 17.9 | % | 14.8 | % | 17.3 | % | |||||||||
| Total Risk-Based Capital Ratio | 17.0 | % | 16.7 | % | 19.2 | % | 16.0 | % | 18.5 | % | |||||||||
| (1) The Company paid a quarterly cash dividend of | |||||||||||||||||||
| (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income). | |||||||||||||||||||
| (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill. | |||||||||||||||||||
| (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding. | |||||||||||||||||||
| PLUMAS BANCORP | |||||||||||||||||||||
| SELECTED FINANCIAL INFORMATION | |||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||
| The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders' equity. | |||||||||||||||||||||
| For the Three Months Ended | For the Three Months Ended | ||||||||||||||||||||
| 6/30/2026 | 6/30/2025 | ||||||||||||||||||||
| Average | Yield/ | Average | Yield/ | ||||||||||||||||||
| Balance | Interest | Rate | Balance | Interest | Rate | ||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||
| Loans (2) (3) | $ | 1,504,438 | $ | 24,777 | 6.61 | % | $ | 1,020,004 | $ | 15,612 | 6.14 | % | |||||||||
| Investment securities | 390,618 | 4,329 | 4.45 | % | 369,624 | 3,913 | 4.25 | % | |||||||||||||
| Non-taxable investment securities (1) | 75,412 | 659 | 3.51 | % | 72,719 | 591 | 3.26 | % | |||||||||||||
| Interest-bearing deposits | 63,781 | 595 | 3.74 | % | 46,368 | 517 | 4.47 | % | |||||||||||||
| Total interest-earning assets | 2,034,249 | 30,360 | 5.99 | % | 1,508,715 | 20,633 | 5.48 | % | |||||||||||||
| Cash and due from banks | 34,281 | 26,880 | |||||||||||||||||||
| Other assets | 163,174 | 87,117 | |||||||||||||||||||
| Total assets | $ | 2,231,704 | $ | 1,622,712 | |||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||
| Money market deposits | 457,580 | 2,127 | 1.86 | % | 287,707 | 1,283 | 1.79 | % | |||||||||||||
| Savings deposits | 308,364 | 286 | 0.37 | % | 298,989 | 257 | 0.34 | % | |||||||||||||
| Time deposits | 221,275 | 1,491 | 2.70 | % | 118,057 | 744 | 2.53 | % | |||||||||||||
| Total deposits | 987,219 | 3,904 | 1.59 | % | 704,753 | 2,284 | 1.30 | % | |||||||||||||
| Borrowings | 16,027 | 176 | 4.40 | % | 15,000 | 146 | 3.90 | % | |||||||||||||
| Other interest-bearing liabilities | 74,023 | 273 | 1.48 | % | 17,265 | 20 | 0.46 | % | |||||||||||||
| Total interest-bearing liabilities | 1,077,269 | 4,353 | 1.62 | % | 737,018 | 2,450 | 1.33 | % | |||||||||||||
| Non-interest-bearing deposits | 842,509 | 659,554 | |||||||||||||||||||
| Other liabilities | 44,920 | 37,112 | |||||||||||||||||||
| Shareholders' equity | 267,006 | 189,028 | |||||||||||||||||||
| Total liabilities & equity | $ | 2,231,704 | $ | 1,622,712 | |||||||||||||||||
| Cost of funding interest-earning assets (4) | 0.86 | % | 0.65 | % | |||||||||||||||||
| Net interest income and margin (5) | $ | 26,007 | 5.13 | % | $ | 18,183 | 4.83 | % | |||||||||||||
| (1) Not computed on a tax-equivalent basis. | |||||||||||||||||||||
| (2) Average nonaccrual loan balances of | |||||||||||||||||||||
| (3) Net costs included in loan interest income for the three-month periods ended June 30, 2026 and 2025 were | |||||||||||||||||||||
| (4) Total annualized interest expense divided by the average balance of total earning assets. | |||||||||||||||||||||
| (5) Annualized net interest income divided by the average balance of total earning assets. | |||||||||||||||||||||
| PLUMAS BANCORP | |||||||||||||||||||||
| SELECTED FINANCIAL INFORMATION | |||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||
| The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders' equity. | |||||||||||||||||||||
| For the Six Months Ended | For the Six Months Ended | ||||||||||||||||||||
| 6/30/2026 | 6/30/2025 | ||||||||||||||||||||
| Average | Yield/ | Average | Yield/ | ||||||||||||||||||
| Balance | Interest | Rate | Balance | Interest | Rate | ||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||
| Loans (2) (3) | $ | 1,505,631 | $ | 48,734 | 6.53 | % | $ | 1,016,008 | $ | 31,008 | 6.15 | % | |||||||||
| Investment securities | 394,397 | 8,672 | 4.43 | % | 369,376 | 7,840 | 4.28 | % | |||||||||||||
| Non-taxable investment securities (1) | 76,056 | 1,315 | 3.49 | % | 73,795 | 1,174 | 3.21 | % | |||||||||||||
| Interest-bearing deposits | 53,834 | 1,006 | 3.77 | % | 53,845 | 1,201 | 4.50 | % | |||||||||||||
| Total interest-earning assets | 2,029,918 | 59,727 | 5.93 | % | 1,513,024 | 41,223 | 5.49 | % | |||||||||||||
| Cash and due from banks | 33,663 | 26,679 | |||||||||||||||||||
| Other assets | 164,290 | 86,732 | |||||||||||||||||||
| Total assets | $ | 2,227,871 | $ | 1,626,435 | |||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||
| Money market deposits | 445,224 | 4,003 | 1.81 | % | 283,469 | 2,429 | 1.73 | % | |||||||||||||
| Savings deposits | 310,415 | 563 | 0.37 | % | 311,151 | 463 | 0.30 | % | |||||||||||||
| Time deposits | 215,912 | 2,925 | 2.73 | % | 103,304 | 1,288 | 2.51 | % | |||||||||||||
| Total deposits | 971,551 | 7,491 | 1.55 | % | 697,924 | 4,180 | 1.21 | % | |||||||||||||
| Borrowings | 16,583 | 375 | 4.56 | % | 15,000 | 290 | 3.90 | % | |||||||||||||
| Other interest-bearing liabilities | 86,946 | 715 | 1.66 | % | 19,216 | 31 | 0.33 | % | |||||||||||||
| Total interest-bearing liabilities | 1,075,080 | 8,581 | 1.61 | % | 732,140 | 4,501 | 1.24 | % | |||||||||||||
| Non-interest-bearing deposits | 840,276 | 670,961 | |||||||||||||||||||
| Other liabilities | 45,895 | 37,602 | |||||||||||||||||||
| Shareholders' equity | 266,620 | 185,732 | |||||||||||||||||||
| Total liabilities & equity | $ | 2,227,871 | $ | 1,626,435 | |||||||||||||||||
| Cost of funding interest-earning assets (4) | 0.85 | % | 0.60 | % | |||||||||||||||||
| Net interest income and margin (5) | $ | 51,146 | 5.08 | % | $ | 36,722 | 4.89 | % | |||||||||||||
| (1) Not computed on a tax-equivalent basis. | |||||||||||||||||||||
| (2) Average nonaccrual loan balances of | |||||||||||||||||||||
| (3) Net costs included in loan interest income for the six-month periods ended June 30, 2026 and 2025 were | |||||||||||||||||||||
| (4) Total annualized interest expense divided by the average balance of total earning assets. | |||||||||||||||||||||
| (5) Annualized net interest income divided by the average balance of total earning assets. | |||||||||||||||||||||
| PLUMAS BANCORP | ||||||||||||||
| SELECTED FINANCIAL INFORMATION | ||||||||||||||
| (Dollars in thousands) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| The following table presents the components of non-interest income for the three-month periods ended June 30, 2026 and 2025. | ||||||||||||||
| For the Three Months Ended | ||||||||||||||
| June 30, | ||||||||||||||
| 2026 | 2025 | Dollar Change | Percentage Change | |||||||||||
| Interchange income | $ | 881 | $ | 784 | 97 | 12.4 | % | |||||||
| Service charges on deposit accounts | 813 | 781 | 32 | 4.1 | % | |||||||||
| Earnings on life insurance policies | 276 | 108 | 168 | 155.6 | % | |||||||||
| Loan servicing fees | 150 | 148 | 2 | 1.4 | % | |||||||||
| FHLB Dividends | 104 | 135 | (31 | ) | (23.0 | )% | ||||||||
| Other | 527 | 405 | 122 | 30.1 | % | |||||||||
| Total non-interest income | $ | 2,751 | $ | 2,361 | $ | 390 | 16.5 | % | ||||||
| The following table presents the components of non-interest expense for the three-month periods ended June 30, 2026 and 2025. | ||||||||||||||
| For the Three Months Ended | ||||||||||||||
| June 30, | ||||||||||||||
| 2026 | 2025 | Dollar Change | Percentage Change | |||||||||||
| Salaries and employee benefits | $ | 7,520 | $ | 5,553 | $ | 1,967 | 35.4 | % | ||||||
| Occupancy and equipment | 2,648 | 2,050 | 598 | 29.2 | % | |||||||||
| Outside service fees | 1,499 | 1,160 | 339 | 29.2 | % | |||||||||
| Amortization of Core Deposit Intangible | 566 | 44 | 522 | 1186.4 | % | |||||||||
| Professional fees | 399 | 219 | 180 | 82.2 | % | |||||||||
| Advertising and shareholder relations | 374 | 273 | 101 | 37.0 | % | |||||||||
| Armored car and courier | 283 | 224 | 59 | 26.3 | % | |||||||||
| Business development | 250 | 188 | 62 | 33.0 | % | |||||||||
| Deposit insurance | 247 | 180 | 67 | 37.2 | % | |||||||||
| Director compensation and expense | 209 | 155 | 54 | 34.8 | % | |||||||||
| Telephone and data communication | 146 | 124 | 22 | 17.7 | % | |||||||||
| Loan collection expenses | 136 | 51 | 85 | 166.7 | % | |||||||||
| Merger and acquisition expenses | - | 481 | (481 | ) | (100.0 | )% | ||||||||
| Other | 227 | 310 | (83 | ) | (26.8 | )% | ||||||||
| Total non-interest expense | $ | 14,504 | $ | 11,012 | $ | 3,492 | 31.7 | % | ||||||
| PLUMAS BANCORP | ||||||||||||||
| SELECTED FINANCIAL INFORMATION | ||||||||||||||
| (Dollars in thousands) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| The following table presents the components of non-interest income for the six-month periods ended June 30, 2026 and 2025. | ||||||||||||||
| For the Six Months Ended | ||||||||||||||
| June 30, | ||||||||||||||
| 2026 | 2025 | Dollar Change | Percentage Change | |||||||||||
| Interchange income | $ | 1,712 | $ | 1,474 | $ | 238 | 16.1 | % | ||||||
| Service charges on deposit accounts | 1,598 | 1,486 | 112 | 7.5 | % | |||||||||
| FHLB Dividends | 550 | 272 | 278 | 102.2 | % | |||||||||
| Earnings on life insurance policies | 544 | 217 | 327 | 150.7 | % | |||||||||
| Loan servicing fees | 332 | 334 | (2 | ) | (0.6 | )% | ||||||||
| Other | 1,012 | 1,791 | (779 | ) | (43.5 | )% | ||||||||
| Total non-interest income | $ | 5,748 | $ | 5,574 | $ | 174 | 3.1 | % | ||||||
| The following table presents the components of non-interest expense for the six-month periods ended June 30, 2026 and 2025. | ||||||||||||||
| For the Six Months Ended | ||||||||||||||
| June 30, | ||||||||||||||
| 2026 | 2025 | Dollar Change | Percentage Change | |||||||||||
| Salaries and employee benefits | $ | 15,250 | $ | 11,433 | $ | 3,817 | 33.4 | % | ||||||
| Occupancy and equipment | 5,322 | 4,064 | 1,258 | 31.0 | % | |||||||||
| Outside service fees | 2,956 | 2,424 | 532 | 21.9 | % | |||||||||
| Amortization of Core Deposit Intangible | 1,147 | 87 | 1,060 | 1218.4 | % | |||||||||
| Professional fees | 751 | 448 | 303 | 67.6 | % | |||||||||
| Advertising and shareholder relations | 665 | 535 | 130 | 24.3 | % | |||||||||
| Armored car and courier | 546 | 441 | 105 | 23.8 | % | |||||||||
| Deposit insurance | 495 | 362 | 133 | 36.7 | % | |||||||||
| Business development | 455 | 355 | 100 | 28.2 | % | |||||||||
| Director compensation and expense | 384 | 321 | 63 | 19.6 | % | |||||||||
| Loan collection expenses | 355 | 122 | 233 | 191.0 | % | |||||||||
| Telephone and data communication | 291 | 298 | (7 | ) | (2.3 | )% | ||||||||
| Merger and acquisition expenses | - | 1,050 | (1,050 | ) | (100.0 | )% | ||||||||
| Other | 1,174 | 537 | 637 | 118.6 | % | |||||||||
| Total non-interest expense | $ | 29,791 | $ | 22,477 | $ | 7,314 | 32.5 | % | ||||||
| PLUMAS BANCORP | |||||||||||||
| SELECTED FINANCIAL INFORMATION | |||||||||||||
| (Dollars in thousands) | |||||||||||||
| (Unaudited) | |||||||||||||
| The following table shows the distribution of loans by type at June 30, 2026 and 2025. | |||||||||||||
| Percent of | Percent of | ||||||||||||
| Loans in Each | Loans in Each | ||||||||||||
| Balance at End | Category to | Balance at End | Category to | ||||||||||
| of Period | Total Loans | of Period | Total Loans | ||||||||||
| 6/30/26 | 6/30/26 | 6/30/25 | 6/30/25 | ||||||||||
| Commercial | $ | 162,128 | 10.7 | % | $ | 81,118 | 8.0 | % | |||||
| Agricultural | 142,940 | 9.5 | % | 113,850 | 11.2 | % | |||||||
| Real estate – residential | 32,223 | 2.1 | % | 11,053 | 1.1 | % | |||||||
| Real estate – commercial | 1,026,049 | 67.9 | % | 673,129 | 66.1 | % | |||||||
| Real estate – construction & land | 48,672 | 3.2 | % | 40,798 | 4.0 | % | |||||||
| Equity Lines of Credit | 54,993 | 3.6 | % | 41,620 | 4.1 | % | |||||||
| Auto | 29,616 | 2.0 | % | 51,487 | 5.1 | % | |||||||
| Other | 15,552 | 1.0 | % | 4,791 | 0.4 | % | |||||||
| Total Gross Loans | $ | 1,512,173 | 100 | % | $ | 1,017,846 | 100 | % | |||||
| The following table shows the distribution of Commercial Real Estate loans at June 30, 2026 and 2025. | |||||||||||||
| Percent of | Percent of | ||||||||||||
| Loans in Each | Loans in Each | ||||||||||||
| Balance at End | Category to | Balance at End | Category to | ||||||||||
| of Period | Total Loans | of Period | Total Loans | ||||||||||
| 6/30/26 | 6/30/26 | 6/30/25 | 6/30/25 | ||||||||||
| Owner occupied | $ | 442,154 | 43.1 | % | $ | 294,765 | 43.8 | % | |||||
| Investor | 583,895 | 56.9 | % | 378,364 | 56.2 | % | |||||||
| Total real estate - commercial | $ | 1,026,049 | 100 | % | $ | 673,129 | 100 | % | |||||
| The following table shows the distribution of deposits by type at June 30, 2026 and 2025. | |||||||||||||
| Percent of | Percent of | ||||||||||||
| Deposits in Each | Deposits in Each | ||||||||||||
| Balance at End | Category to | Balance at End | Category to | ||||||||||
| of Period | Total Deposits | of Period | Total Deposits | ||||||||||
| 6/30/26 | 6/30/26 | 6/30/25 | 6/30/25 | ||||||||||
| Non-interest bearing | $ | 864,075 | 45.8 | % | $ | 668,086 | 48.9 | % | |||||
| Money Market | 474,436 | 25.2 | % | 281,516 | 20.6 | % | |||||||
| Savings | 304,249 | 16.1 | % | 290,440 | 21.2 | % | |||||||
| Time | 242,305 | 12.9 | % | 126,785 | 9.3 | % | |||||||
| Total Deposits | $ | 1,885,065 | 100 | % | $ | 1,366,827 | 100 | % | |||||
