Plumas Bancorp Reports Record Third Quarter 2026 Earnings

Q: What were Plumas Bancorp’s third-quarter 2026 earnings?

Plumas Bancorp reported record net income of $11.4 million and diluted earnings per share of $1.61 for the third quarter of 2026. The prior-year quarter produced net income of $5.1 million and diluted earnings per share of $0.73.

Q: How quickly do Plumas Bancorp’s variable-rate loans reprice?

Repricing intervals range from one day to several years, with most commercial real estate loans repricing every five years. Approximately 79% of the loan portfolio was variable-rate at September 30, 2026. Approximately 78% of variable-rate loans were indexed to the five-year T-Bill rate; approximately 19% were prime-indexed and reprice within one day to three months of a prime-rate change.

Q: What changed in Plumas Bancorp’s deposit mix?

Money market accounts increased $38 million and time deposits increased $22 million year over year, partly offset by declines of $11 million in savings and $2 million in non-interest-bearing demand deposits. Non-interest-bearing demand deposits represented 46% of deposits at September 30, 2026. Approximately $41 million of acquired repurchase-agreement balances were reclassified to money market deposits during 2026.

Q: Which Plumas Bancorp loan categories grew or declined year over year?

Commercial real estate loans increased $35 million, construction loans $5 million and equity lines $1 million between September 30, 2025 and September 30, 2026. Automobile loans declined $20 million, agricultural loans $15 million, other loans $4 million and commercial loans $2 million. Gross loans were $1.5 billion at both dates.

Lower credit-loss provisions and a reduced effective tax rate accompanied record earnings, while nonperforming loans increased year over year.

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Rhea-AI Summary

Plumas Bancorp (Nasdaq: PLBC) reported record third-quarter 2026 net income of $11.4 million, more than double the prior-year quarter. Diluted earnings per share rose to $1.61 from $0.73. Net interest income increased to $26.5 million from $25.2 million, while credit-loss provisions fell to $150 thousand from $5.4 million. The effective tax rate declined to 18.9% from 25.6%, related to a $14.5 million green energy tax-credit purchase.

Nine-month net income rose to $31.1 million from $18.6 million; comparisons reflect different periods of combined operations following the July 1, 2025 Cornerstone acquisition. At September 30, deposits rose 2.6% year over year to $1.9 billion, while gross loans remained $1.5 billion. Nonperforming loans increased to $21.1 million from $15.0 million, and investment securities’ unrealized losses widened to $44 million from $23 million. Shareholders’ equity increased to $262.5 million from $246.0 million.

20 points · 0 major

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0 major · 14 points

Hollow bars mark forward-looking points. How the balance works

Positive

Moderate pointThird-quarter net income rose to $11.4 million from $5.1 million; diluted EPS increased to $1.61 from $0.73.
Moderate pointThird-quarter net interest income increased to $26.5 million from $25.2 million a year earlier.
Moderate pointThird-quarter credit-loss provisions declined to $150 thousand from $5.4 million a year earlier.
Moderate pointThird-quarter effective tax rate fell to 18.9% from 25.6%, related to a $14.5 million green energy tax-credit purchase. 3.3% of market cap
Moderate pointDeposits increased $47 million, or 2.6%, year over year to $1.9 billion at September 30, 2026.

15 minor points

Minor pointNine-month net income increased to $31.1 million from $18.6 million; diluted EPS rose to $4.40 from $2.94.
Minor pointNine-month net interest income increased to $77.7 million from $61.9 million a year earlier.
Minor pointNine-month credit-loss provisions declined to $420 thousand from $6.5 million; acquisition-related provisions elevated the prior-year amount.
Minor pointNine-month effective tax rate declined to 23.9% from 27.2% a year earlier.
Minor pointThird-quarter non-interest income increased to $2.8 million from $2.2 million a year earlier.
Minor pointNine-month non-interest income increased to $8.5 million from $7.8 million a year earlier.
Minor pointThird-quarter return on average assets rose to 1.98% from 0.90%; return on average equity reached 16.7% from 8.5%.
Minor pointNine-month return on average assets rose to 1.85% from 1.35%; return on average equity reached 15.5% from 12.2%.
Minor pointCash and due from banks increased to $114 million from $87 million at September 30, 2025.
Minor pointShareholders’ equity increased $16.5 million year over year to $262.5 million at September 30, 2026.
Minor pointShare repurchases totaled $4.2 million for approximately 80 thousand shares during the twelve months ended September 30, 2026.
Minor pointAvailable borrowing capacity totaled $576 million at September 30, 2026, across FHLB, Discount Window and correspondent lines.
Minor pointFHLB, Discount Window and correspondent-bank short-term lines had no outstanding borrowings at September 30, 2026 and 2025.
Minor pointNote-payable interest expense declined to $418 thousand for nine months from $438 thousand a year earlier.
Minor pointSubordinated-note interest expense declined to $133 thousand for nine months from $225 thousand a year earlier.

Negative

Moderate pointNonperforming loans rose to $21.1 million, or 1.41% of loans, from $15.0 million, or 1.0%, a year earlier.
Moderate pointInvestment securities’ unrealized losses widened to $44 million from $23 million at September 30, 2025.
Moderate pointNine-month non-interest expense increased to $44.9 million from $37.6 million a year earlier.
Minor pointOther real estate owned increased to $135 thousand from $114 thousand at September 30, 2025.
Minor pointNine-month net charge-offs increased to $567 thousand from $219 thousand a year earlier.

9 minor points

Minor pointThird-quarter income-tax provision increased to $2.6 million from $1.8 million a year earlier.
Minor pointNine-month income-tax provision increased to $9.8 million from $7.0 million a year earlier.
Minor pointAccumulated other comprehensive loss increased $14.8 million during the twelve months ended September 30, 2026.
Minor pointEstimated uninsured deposits totaled approximately $789 million, including $209 million of collateralized deposits, at September 30, 2026.
Minor point. Forward-looking: it has not happened yet and may not happen.Outstanding correspondent-bank debt totaled $14.3 million, maturing January 25, 2035; its rate becomes floating January 25, 2027.
Minor pointOutstanding subordinated notes totaled $2 million, due November 30, 2035, with a 4.75% initial fixed rate.
Minor pointRepurchase-agreement obligations totaled $62 million, secured by securities carrying $89 million, at September 30, 2026.
Minor pointNine-month repurchase-agreement interest expense increased to $968 thousand from $347 thousand a year earlier.
Minor pointFull $451 million FHLB credit access requires $3 million in additional FHLB stock; current holdings support $326 million.

News Explained

For the year ended September 30, 2026, Plumas Bancorp bought back about 80,000 common shares under its repurchase plan for $4.2 million—a completed use of company funds to repurchase shares.

Key Figures

Quarterly net income: $11.4 million vs. $5.1 million Diluted EPS: $1.61 vs. $0.73 Return on average assets: 1.98% vs. 0.90% +5 more

Quarterly net income: $11.4 million vs. $5.1 million; Third quarter 2026 vs. third quarter 2025
Diluted EPS: $1.61 vs. $0.73; Third quarter 2026 vs. third quarter 2025
Return on average assets: 1.98% vs. 0.90%; Third quarter 2026 vs. third quarter 2025
Return on average equity: 16.7% vs. 8.5%; Third quarter 2026 vs. third quarter 2025
Net interest income: $26.5 million vs. $25.2 million; Third quarter 2026 vs. third quarter 2025
Provision for credit losses: $150 thousand vs. $5.4 million; Third quarter 2026 vs. third quarter 2025
Nine-month net income: $31.1 million vs. $18.6 million; Nine months ended September 30, 2026 vs. 2025
Nonperforming assets: $21.3 million vs. $15.2 million; At September 30, 2026 vs. September 30, 2025

Previous Earnings Reports

2 past events · Latest: Jul 15

Same Type 2 events

Jul 15
Q2 earnings

24h Move

+3.3%

Record Q2 net income rose year over year, with diluted EPS at $1.41.
Oct 15
Q3 earnings

24h Move

+0.1%

Q3 net income declined year over year, while provision for credit losses increased.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nonperforming assets, brokered deposits, unrealized loss position, allowance for credit losses

4 terms

nonperforming assets financial

"Nonperforming assets ... at September 30, 2026, were $21.3 million"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

brokered deposits financial

"The Company's brokered deposits consisted of a single $10 million time deposit"

Brokered deposits are large sums of customer cash placed at a bank through a third-party intermediary that shops around for the best interest rate, like a broker assembling a big bucket of savings and directing it to a bank. They matter to investors because they can quickly change a bank’s funding level and cost — providing fast liquidity but also adding volatility and regulatory scrutiny that can affect a bank’s stability and profitability.

unrealized loss position financial

"a $21 million increase in the unrealized loss position"

A position in a security or other asset whose current market value is below the investor's purchase price, producing a paper (unrealized) loss that exists only on paper until the asset is sold or otherwise disposed of. The loss does not become realised until a transaction locks it in; depending on accounting and reporting rules, an unrealized loss may be reflected in fair-value financial statements, held in accumulated other comprehensive income, or trigger an impairment assessment.

allowance for credit losses financial

"The allowance for credit losses totaled $19.7 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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10/21/2026 - 09:00 AM EDT

RENO, Nev., Oct. 21, 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 third quarter of 2026 of $11.4 million, or $1.64 per share, an increase of $6.2 million from $5.1 million or $0.74 per share, during the third quarter of 2025. Diluted earnings per share increased to $1.61 per share during the three months ended September 30, 2026, up from $0.73 per share during the quarter ended September 30, 2025.

Return on average assets was 1.98% during the current quarter, up from 0.90% during the third quarter of 2025. Return on average equity increased to 16.7% during the current quarter, up from 8.5% during the third quarter of 2025.

Net interest income increased by $1.3 million from $25.2 million during the three months ended September 30, 2025, to $26.5 million during the current quarter. The provision for credit losses decreased from $5.4 million during the third quarter of 2025 to $150 thousand during the current quarter.

Non-interest income increased by $538 thousand from $2.2 million during the three months ended September 30, 2025, to $2.8 million during the third quarter of 2026.

Non-interest expense was flat compared to the third quarter of 2025 at $15.1 million.

The provision for income taxes increased $877 thousand to $2.6 million during the current quarter from $1.8 million during the third quarter of 2025, due to higher pre-tax earnings. The effective tax rate declined to 18.9% from 25.6% in the prior-year quarter, related to the purchase of $14.5 million in green energy tax credits.

For the nine months ended September 30, 2026, the Company reported net income of $31.1 million or $4.46 per share, an increase of $12.5 million from $18.6 million or $2.98 per share earned during the nine months ended September 30, 2025. Earnings per diluted share increased to $4.40 during the nine months ended September 30, 2026, up $1.46 from $2.94 during the first nine months of 2025.

Return on average assets was 1.85% during the nine months ended September 30, 2026, up from 1.35% during the first nine months of 2025. Return on average equity increased to 15.5% for the nine months ended September 30, 2026, up from 12.2% during the first nine months of 2025.

Net interest income increased by $15.8 million from $61.9 million during the nine months ended September 30, 2025, to $77.7 million during the current period. The provision for credit losses decreased from $6.5 million during the first nine months of 2025 to $420 thousand during the current period.

Non-interest income increased by $713 thousand from $7.8 million during the nine months ended September 30, 2025, to $8.5 million during the first nine months of 2026.

Non-interest expense increased by $7.3 million from $37.6 million during the first nine months of 2025 to $44.9 million during the current period.

The provision for income taxes increased by $2.8 million from $7.0 million, or 27.2% of pre-tax income, during the nine months ended September 30, 2025, to $9.8 million, or 23.9% of pre-tax income, during the current period.

Certain comparisons to prior-year periods are impacted by the acquisition of Cornerstone Community Bancorp (“Cornerstone”) on July 1, 2025, as 2026 year-to-date results reflect a full period of combined operations while 2025 year-to-date results reflect only three months of combined operations.

President’s Comments

Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp, commented, “Our lower-cost relationship-based deposit franchise and enhanced loan yield supported profitability during the third quarter, with continued loan repricing helping to maintain strong net interest margin. Profitability was further supported by the execution of another green energy tax credit investment that reduced income tax expense by offsetting current and prior-year taxes.

Loan balances remained relatively consistent during the quarter, due in part to the continued planned runoff of our lower-yielding indirect auto portfolio. Asset quality slightly improved during the quarter, and we continue to work toward favorable resolutions with the same relationships.

Our strong capital position and experienced team provide us with the flexibility to navigate changing economic conditions, return capital through share repurchases, support our clients and communities, and continue building long-term value for our shareholders.”

Loans, Deposits, Investments and Cash

Gross loans were $1.5 billion at September 30, 2026 and 2025. Increases in loans included $35 million in commercial real estate loans, $5 million in construction loans, and $1 million in equity lines. These increases were offset by a decrease of $20 million in automobile loans, $15 million in agricultural loans, $4 million in other loans, and $2 million in commercial loans.

At September 30, 2026, approximately 79% of the Company's loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company's lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. Repricing frequencies on variable rate loans range from one day to several years, with the majority of commercial real estate loans repricing every five years. Approximately 78% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 19% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

Total deposits increased by $47 million, or 2.6% from $1.8 billion at September 30, 2025, to $1.9 billion at September 30, 2026. The increase in deposits includes increases of $38 million in money market accounts and $22 million in time deposits that were partially offset by decreases of $11 million in savings deposits and $2 million in non-interest-bearing demand deposits. At September 30, 2026, 46% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company’s brokered deposits consisted of a single $10 million time deposit acquired from Cornerstone, bearing an interest rate of 3.80%.

Total investment securities decreased by $10 million from $485 million at September 30, 2025, to $475 million at September 30, 2026. Contributing to this decrease was a $21 million increase in the unrealized loss position, from $23 million at September 30, 2025, to $44 million at September 30, 2026. The Company's investment security portfolio consists of debt securities issued by U.S. Government agencies, U.S. Government sponsored agencies and municipalities.

Primarily related to the increase in deposits and cash flow from operations, cash and due from banks increased by $27 million from $87 million at September 30, 2025, to $114 million at September 30, 2026.

Asset Quality

Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at September 30, 2026, were $21.3 million, up from $15.2 million at September 30, 2025. Nonperforming assets as a percentage of total assets increased to 0.94% at September 30, 2026, up from 0.68% at September 30, 2025. OREO increased by $21 thousand from $114 thousand at September 30, 2025, to $135 thousand at September 30, 2026. Nonperforming loans were $21.1 million at September 30, 2026, and $15.0 million at September 30, 2025. Nonperforming loans as a percentage of total loans increased to 1.41% at September 30, 2026, up from 1.0% at September 30, 2025.

During the nine months of 2026 the provision for credit losses totaled $420 thousand consisting of a provision for credit losses on loans of $350 thousand and an increase in the reserve for unfunded commitments of $70 thousand. This compares to a provision for credit losses of $6.5 million consisting of a provision for credit losses on loans of $6.3 million and an increase in the reserve for unfunded commitments of $211 thousand during the nine months ended September 30, 2025. The higher provision recorded during 2025 was primarily attributable to the Day 1 CECL provision on non-PCD loans and to a lesser extent the establishment of a reserve for unfunded commitments acquired in the Cornerstone Community Bancorp acquisition.

Net charge-offs totaled $567 thousand and $219 thousand during the nine months ended September 30, 2026 and 2025, respectively. The allowance for credit losses totaled $19.7 million at September 30, 2026, and $19.6 million at September 30, 2025. The allowance for credit losses as a percentage of total loans was 1.32% and 1.30% at September 30, 2026 and 2025.

The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the nine months ended September 30, 2026 and 2025 (in thousands).

Allowance for Credit Losses	September 30, 2026		September 30, 2025
Balance, beginning of period	$	19,959	$	13,196
CECL Day 1 provision on acquired non-PCD loans		-		4,972
Provision charged to operations		350		1,300
Reserve on PCD loans		-		315
Losses charged to allowance		(881)		(730)
Recoveries		314		511
Balance, end of period	$	19,742	$	19,564

Reserve for Unfunded Commitments	September 30, 2026		September 30, 2025
Balance, beginning of period	$	580	$	620
Provision on acquired loans		-		351
Provision charged to operations		70		(140)
Balance, end of period	$	650	$	831

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 $451 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $719 million. Based on its current level of FHLB stock holdings the Company can borrow up to $326 million. To borrow the full $451 million in available credit the Company would need to purchase $3 million in additional FHLB stock. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At September 30, 2026, the Company could borrow up to $55 million at the Discount Window secured by investment securities with a fair value of $57 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at September 30, 2026 and 2025.

Note Payable. Plumas Bancorp had outstanding borrowings of $14.3 million with a correspondent bank at September 30, 2026. This loan matures on January 25, 2035, and can be prepaid at any time. This borrowing bears interest at a fixed rate of 3.85% for the first 5 years and then beginning January 25, 2027, at a floating interest rate linked to WSJ Prime Rate for the remaining eight-year term. Interest expense recognized on this loan for the nine months ended September 30, 2026 and 2025, was $418 thousand and $438 thousand, respectively.

Subordinated Debentures. In connection with the acquisition of Cornerstone, the Company assumed $12 million of subordinated debentures, including $2 million of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2035 (the “2035 Notes”). The 2035 Notes, which were issued in 2020, have a fixed interest rate of 4.75% for the first ten years and thereafter a quarterly variable interest rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”) plus 4.14%. The remaining subordinated notes were called in 2025 and are no longer outstanding. Interest expense recognized on the subordinated notes for the nine months ended September 30, 2026 and 2025, was $133 thousand and $225 thousand, respectively.

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 $62 million and $94 million at September 30, 2026 and 2025, respectively. Repurchase agreement balances at September 30, 2025 reflected accounts acquired in the Cornerstone Community Bancorp acquisition, approximately $41 million of which were subsequently reclassified to money market deposits during 2026. The balances at September 30, 2026, are secured by U.S. Government agency securities with a carrying amount of $89 million. Interest expense recognized on repurchase agreements for the nine months ended September 30, 2026 and 2025, was $968 thousand and $347 thousand, respectively.

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 maturities 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.

At September 30, 2026, the Company had $576 million of available borrowing capacity through a combination of FHLB advances, the FRB Discount Window and correspondent bank lines.

Customer deposits are the Company’s primary source of funds. Total deposits increased by $47 million from $1.8 billion at September 30, 2025, to $1.9 billion at September 30, 2026. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $789 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $209 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

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 $16.5 million from $246.0 million at September 30, 2025, to $262.5 million at September 30, 2026. The $16.5 million includes earnings during the twelve-month period totaling $42.1 million and restricted stock and stock option activity totaling $2.4 million. These items were partially offset by an increase in accumulated other comprehensive loss of $14.8 million, the payment of cash dividends totaling $9.0 million and the purchase of approximately 80 thousand shares of common stock under the Company’s share repurchase plan totaling $4.2 million.

Net Interest Income and Net Interest Margin – Three Months Ended September 30, 2026

Net interest income increased by $1.3 million from $25.2 million during the three months ended September 30, 2025, to $26.5 million for the three months ended September 30, 2026. The increase in net interest income reflects an increase of $1.3 million in interest income and a $113 thousand decrease in interest expense.

Interest and fees on loans increased by $1.2 million to $24.8 million related to an increase in average balance and an increase in yield. Average loan balances increased by $26 million, while the average yield on these loans increased by 21 basis points from 6.35% during the third quarter of 2025 to 6.56% during the current quarter. The increase in yield relates to several factors including the amortization of discount on purchased loans, the repricing of a portion of our commercial real estate loans most of which reprice every five years from the date of origination, and growth in fixed rate SBA loans which totaled $132 million at September 30, 2026, and $94 million at September 30, 2025. The weighted average rate earned on this portfolio at September 30, 2026, was 8.0%. The average prime interest rate decreased from 7.46% during the third quarter of 2025 to 6.79% during the current quarter. Loans indexed to the prime interest rate were approximately 19% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

Interest earned on investment securities increased by $283 thousand related to an increase in yield on investment securities of 29 basis points to 4.35% partially offset by a decrease in average balance of $6 million. The increase in investment yields is consistent with the partial restructuring of the investment portfolio during the fourth quarter of 2025 and market conditions. Average investment securities decreased from $482 million during the three months ended September 30, 2025 to $476 million during the current period.

Interest earned on cash balances decreased by $224 thousand related to a decrease in average balance of $2 million and a decrease in average rate earned on cash balances of 74 basis points from 4.50% during the third quarter of 2025 to 3.8% during the current quarter. This decline in yield was mostly related to a decline in rate earned on balances held at the FRB. The average rate earned on FRB balances decreased from 4.36% during the third quarter of 2025 to 3.69% during the current quarter.

Interest expense on deposits increased by $197 thousand related to an increase of $24.6 million in average balance of interest-bearing deposits and a 4 basis point increase in the average rate paid on interest-bearing deposits. The average rate paid on interest-bearing deposits increased from 1.56% during the third quarter of 2025 to 1.60% during the current quarter, primarily due to an increase in the average rate paid on time deposits from 1.87% in the third quarter of 2025 to 2.77% during the current quarter. These increases were partially offset by a decrease in the average rate paid on money market deposits from 2.22% in the third quarter of 2025 to 1.79% during the current quarter.

The average rate paid on interest-bearing liabilities decreased from 1.67% during the third quarter of 2025 to 1.63% during the current quarter, as the increase in the average rate paid on interest-bearing deposits was more than offset by decreases in the average rates paid on repurchase agreements and borrowings. The average rate paid on repurchase agreements decreased from 1.69% during the third quarter of 2025 to 1.54% during the current quarter. The average rate paid on borrowings decreased from 5.20% during the third quarter of 2025 to 4.38% during the current quarter.

Net interest margin for the three months ended September 30, 2026, increased 22 basis points to 5.05%, up from 4.83% for the same period in 2025.

Net Interest Income and Net Interest Margin – Nine Months Ended September 30, 2026

Net interest income for the nine months ended September 30, 2026 was $77.7 million, an increase of $15.8 million from the $61.9 million earned during the same period in 2025. The increase in net interest income includes an increase of $19.8 million in interest income partially offset by an increase of $4.0 million in interest expense.

Interest and fees on loans increased by $18.9 million related to increases in average balance and yield. The average balance of loans during the nine months ended September 30, 2026 was $1.5 billion, an increase of $333 million from $1.2 billion during the same period in 2025. Average loan balances during the first nine months of 2026 reflect a full period of loans acquired in the Cornerstone Community Bancorp acquisition, while the comparable 2025 period reflects only a partial period following the acquisition. The average yield on loans increased by 30 basis points from 6.24% during the first nine months of 2025 to 6.54% during the current period.

Interest on investment securities increased by $1.3 million related to an increase in yield of 22 basis points to 4.30% and an increase in average balance of $16 million to $472 million. The increase in investment yield is consistent with the partial restructuring of the investment portfolio during the fourth quarter of 2025 and market conditions.

Interest on cash balances declined by $419 thousand due to decreases in both average balance and yield. The rate earned on cash balances declined by 74 basis points to 3.76%. The average balance in interest-bearing cash declined by $798 thousand to $71.4 million.

Primarily related to an increase in balance and rate paid on deposits and repurchase agreements, interest expense increased from $9.1 million during the nine months ended September 30, 2025 to $13.1 million during the current period. The average rate paid on interest-bearing liabilities increased from 1.43% during the 2025 period to 1.62% in 2026.

Interest expense on deposits increased by $3.5 million and is broken down by product type as follows: money market accounts - $1.2 million, savings deposits - $91 thousand and time deposits - $2.2 million. The average rate paid on interest-bearing deposits increased from 1.35% during the nine months ended September 30, 2025 to 1.57% during the current period. Average interest-bearing deposits totaled $986 million for the first nine months of 2026, an increase of $190 million from $796 million during the first nine months of 2025. Average interest-bearing deposit balances for the first nine months of 2026 reflect a full period of deposits acquired in the Cornerstone Community Bancorp acquisition, while the comparable 2025 period reflects only a partial period following the acquisition.

Interest expense on repurchase agreements increased by $621 thousand related to an increase in average balance of $41.7 million and an increase in rate paid of 40 basis points. The increase in average balances was primarily attributable to repurchase agreements acquired in the Cornerstone acquisition.

Net interest margin for the nine months ended September 30, 2026 increased 20 basis points to 5.07%, up from 4.87% for the same period in 2025.

Non-Interest Income/Expense – Three Months Ended September 30, 2026

During the three months ended September 30, 2026, non-interest income totaled $2.8 million, an increase of $538 thousand from the three months ended September 30, 2025. The increase was primarily driven by the absence of a $628 thousand loss on the sale of investment securities recognized in the prior-year quarter.

During the three months ended September 30, 2026, non-interest expense totaled $15.1 million, an increase of $11 thousand from the three months ended September 30, 2025. The four largest increases were $341 thousand in professional fees, $272 thousand in occupancy and equipment, $222 thousand in salaries and employee benefits, and $178 thousand in loan collection expenses. The largest reduction in non-interest expense was $879 thousand in merger expenses incurred during the third quarter of 2025. Management estimates that approximately $350 thousand of the professional fees and loan collection expenses recognized during the current quarter were nonrecurring in nature.

Non-Interest Income/Expense – Nine Months Ended September 30, 2026

During the nine months ended September 30, 2026, non-interest income totaled $8.5 million, an increase of $713 thousand from the nine months ended September 30, 2025. The increase was primarily attributable to the absence of a $625 thousand loss on the sale of investment securities during the nine months ended September 30, 2025.

Increases in non-interest income during the current period were $342 thousand in earnings on life insurance policies, $296 thousand in FHLB dividends, and $253 thousand in interchange income. Each of these items benefited from the acquisition of Cornerstone. These increases were mostly offset by a $1.1 million settlement related to the Dixie Fire during the first quarter of 2025.

Non-interest expense increased by $7.3 million from $37.6 million during the first nine months of 2025 to $44.9 million during the current period. The four largest increases were $4.0 million in salary and benefit expense, $1.5 million in occupancy and equipment expense, $1.0 million in amortization of core deposit intangible and $644 thousand in professional fees.

Salary and benefit expense totaled $22.9 million during the current nine-month period and $18.9 million during the nine months ended September 30, 2025. The $4.0 million increase primarily related to the addition of personnel through the Cornerstone Community Bancorp acquisition. Related to an increase in pre-tax income, bonus expense increased by $626 thousand.

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 $1.5 million from $6.5 million during the first nine months of 2025 to $8 million during the current period. Amortization of Core Deposit Intangible increased by $1 million related to the acquisition of Cornerstone. Other expense increased by $603 thousand primarily related to a $726 thousand loss associated with two fraudulent wire transfers during the first quarter of 2026. The largest reduction in non-interest expense was $1.9 million in merger expenses incurred during the first nine months of 2025.

Provision for Income Taxes

During the third quarter of 2026, Plumas Bank purchased $14.5 million in green energy tax credits as part of its ongoing commitment to sustainability and responsible financial management. As a result of this transaction, the Company recorded a $1.2 million reduction in its provision for income taxes.

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 eighteen branches: sixteen 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 September 30,
	2026		2025		Dollar Change		Percentage Change
ASSETS
Cash and due from banks	$	114,360	$	87,279	$	27,081	31.0%
Investment securities	475,168		484,686		(9,518)		(2.0)%
Loans, net of allowance for credit losses	1,479,755		1,480,415		(660)		0.0%
Premises and equipment, net	23,436		24,983		(1,547)		(6.2)%
Right-of-use assets	27,549		23,937		3,612		15.1%
Bank owned life insurance	34,479		33,396		1,083		3.2%
Core deposit intangible	9,402		11,668		(2,266)		(19.4)%
Goodwill	24,215		24,215		-		0.0%
Accrued interest receivable and other assets	77,932		58,829		19,103		32.5%
Total assets	$	2,266,296	$	2,229,408	$	36,888	1.7%

LIABILITIES AND
SHAREHOLDERS’ EQUITY
Deposits	$	1,866,643	$	1,819,536	$	47,107	2.6%
Repurchase agreements	62,191		96,862		(34,671)		(35.8)%
Lease liabilities	28,063		24,631		3,432		13.9%
Accrued interest payable and other liabilities	30,903		15,724		15,179		96.5%
Borrowings	16,045		26,705		(10,660)		(39.9)%
Total liabilities	2,003,845		1,983,458		20,387		1.0%
Common stock	73,604		75,426		(1,822)		(2.4)%
Retained earnings	220,103		187,015		33,088		17.7%
Accumulated other comprehensive loss, net	(31,256)		(16,491)		(14,765)		(89.5)%
Shareholders’ equity	262,451		245,950		16,501		6.7%
Total liabilities and shareholders’ equity	$	2,266,296	$	2,229,408	$	36,888	1.7%


PLUMAS BANCORP
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
(Unaudited)

FOR THE THREE MONTHS ENDED SEPTEMBER 30,	2026		2025		Dollar Change		Percentage Change

Interest income	$	31,051	$	29,797	$	1,254	4.2%
Interest expense	4,510		4,623		(113)		(2.4)%
Net interest income before provision for credit losses	26,541		25,174		1,367		5.4%
Provision for credit losses	150		5,373		(5,223)		(97.2)%
Net interest income after provision for credit losses	26,391		19,801		6,590		33.3%
Non-interest income	2,786		2,248		538		23.9%
Non-interest expense	15,145		15,134		11		0.1%
Income before income taxes	14,032		6,915		7,117		102.9%
Provision for income taxes	2,646		1,769		877		49.6%
Net income	$	11,386	$	5,146	$	6,240	121.3%

Basic earnings per share	$	1.64	$	0.74	$	0.90	121.6%
Diluted earnings per share	$	1.61	$	0.73	$	0.88	120.5%


PLUMAS BANCORP
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
(Unaudited)

					Dollar		Percentage
FOR THE NINE MONTHS ENDED SEPTEMBER 30,	2026		2025		Dollar Change		Percentage Change

Interest income	$	90,777	$	71,020	$	19,757	27.8%
Interest expense	13,091		9,124		3,967		43.5%
Net interest income before provision for credit losses	77,686		61,896		15,790		25.5%
Provision for credit losses	420		6,483		(6,063)		(93.5)%
Net interest income after provision for credit losses	77,266		55,413		21,853		39.4%
Non-interest income	8,535		7,822		713		9.1%
Non-interest expense	44,936		37,612		7,324		19.5%
Income before income taxes	40,865		25,623		15,242		59.5%
Provision for income taxes	9,757		6,977		2,780		39.8%
Net income	$	31,108	$	18,646	$	12,462	66.8%

Basic earnings per share	$	4.46	$	2.98	$	1.48	49.7%
Diluted earnings per share	$	4.40	$	2.94	$	1.46	49.7%

PLUMAS BANCORP
SELECTED FINANCIAL INFORMATION
(Dollars in thousands, except per share data)
(Unaudited)

	Three Months Ended						Nine Months Ended
	9/30/2026		6/30/2026		9/30/2025		9/30/2026		9/30/2025
EARNINGS PER SHARE
Basic earnings per share	$	1.64	$	1.43	$	0.74	$	4.46	$	2.98
Diluted earnings per share	$	1.61	$	1.41	$	0.73	$	4.40	$	2.94
Weighted average shares outstanding		6,954		6,966		6,947		6,968		6,266
Weighted average diluted shares outstanding		7,068		7,058		7,031		7,072		6,353
Cash dividends paid per share ¹	$	0.33	$	0.33	$	0.30	$	0.99	$	0.90

PERFORMANCE RATIOS (annualized for the three months)
Return on average assets		1.98%		1.79%		0.90%		1.85%		1.35%
Return on average equity		16.7%		15.0%		8.5%		15.5%		12.2%
Yield on earning assets		5.91%		5.99%		5.72%		5.93%		5.59%
Rate paid on interest-bearing liabilities		1.63%		1.62%		1.67%		1.63%		1.43%
Net interest margin		5.05%		5.13%		4.83%		5.07%		4.87%
Noninterest income to average assets		0.48%		0.49%		0.39%		0.51%		0.57%
Noninterest expense to average assets		2.63%		2.61%		2.65%		2.67%		2.73%
Efficiency ratio ²		51.6%		50.4%		55.2%		52.1%		53.9%

	9/30/2026		6/30/2026		9/30/2025		12/31/2025		12/31/2024
CREDIT QUALITY RATIOS AND DATA
Allowance for credit losses	$	19,742	$	19,740	$	19,564	$	19,959	$	13,196
Allowance for credit losses as a percentage of total loans		1.32%		1.30%		1.30%		1.32%		1.30%
Nonperforming loans	$	21,128	$	23,473	$	15,029	$	15,089	$	4,105
Nonperforming assets	$	21,275	$	23,633		15,169	$	15,321	$	4,307
Nonperforming loans as a percentage of total loans		1.41%		1.55%		1.00%		1.00%		0.40%
Nonperforming assets as a percentage of total assets		0.94%		1.04%		0.68%		0.68%		0.27%
Year-to-date net charge-offs	$	567	$	419	$	219	$	442	$	1,046
Year-to-date net charge-offs as a percentage of average loans (annualized)		0.05%		0.06%		0.03%		0.04%		0.11%

CAPITAL AND OTHER DATA
Common shares outstanding at end of period		6,944		6,964		6,952		6,959		5,903
Shareholders' equity	$	262,451	$	272,133	$	245,950	$	261,076	$	177,899
Book value per common share	$	37.80	$	39.08	$	35.38	$	37.52	$	30.14
Tangible common equity ³	$	228,834	$	237,964	$	210,036	$	225,760	$	171,606
Tangible book value per common share ⁴	$	32.95	$	34.17	$	30.21	$	32.44	$	29.07
Tangible common equity to total assets		10.1%		10.4%		9.4%		10.1%		10.6%
Gross loans to deposits		80.1%		80.4%		82.4%		83.6%		74.1%

PLUMAS BANK REGULATORY CAPITAL RATIOS
Tier 1 Leverage Ratio		11.9%		11.8%		10.6%		11.1%		11.9%
Common Equity Tier 1 Ratio		16.4%		15.8%		14.3%		14.8%		17.3%
Tier 1 Risk-Based Capital Ratio		16.4%		15.8%		14.3%		14.8%		17.3%
Total Risk-Based Capital Ratio		17.6%		17.0%		15.5%		16.0%		18.5%
_{(1) The Company paid a quarterly cash dividend of $0.33 per share on February 18, 2026, May 15, 2026 and August 17, 2026 and a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025, August 15, 2025 and November 17, 2025 and paid a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024.}
_{(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
	9/30/2026					9/30/2025
	Average				Yield/	Average				Yield/
	Balance		Interest		Rate	Balance		Interest		Rate
Interest-earning assets:
Loans ^{(2) (3)}	$	1,502,337	$	24,830	6.56%	$	1,476,275	$	23,635	6.35%
Investment securities		401,630		4,557	4.50%		404,241		4,293	4.21%
Non-taxable investment securities ⁽¹⁾		74,206		660	3.53%		77,621		641	3.28%
Interest-bearing deposits		105,989		1,004	3.76%		108,325		1,228	4.50%
Total interest-earning assets		2,084,162		31,051	5.91%		2,066,462		29,797	5.72%
Cash and due from banks		34,504					34,689
Other assets		163,818					166,878
Total assets	$	2,282,484				$	2,268,029

Interest-bearing liabilities:
Money market deposits		471,422		2,130	1.79%		439,020		2,462	2.22%
Savings deposits		303,041		278	0.36%		311,258		290	0.37%
Time deposits		239,990		1,673	2.77%		239,549		1,132	1.87%
Total deposits		1,014,453		4,081	1.60%		989,827		3,884	1.56%
Repurchase Agreements		65,063		252	1.54%		74,556		317	1.69%
Borrowings		16,039		177	4.38%		32,168		422	5.20%
Total interest-bearing liabilities		1,095,555		4,510	1.63%		1,096,551		4,623	1.67%
Non-interest-bearing deposits		869,316					886,592
Other liabilities		46,529					43,524
Shareholders' equity		271,084					241,362
Total liabilities & equity	$	2,282,484				$	2,268,029
Cost of funding interest-earning assets ⁽⁴⁾					0.86%					0.89%
Net interest income and margin ⁽⁵⁾			$	26,541	5.05%			$	25,174	4.83%

^{(1) Not computed on a tax-equivalent basis.}
^{(2) Average nonaccrual loan balances of $21.1 million for 2026 and $13.8 million for 2025 are included in average loan balances for computational purposes.}
^{(3) Net costs included in loan interest income for the three-month periods ended September 30, 2026 and 2025 were $244 thousand and $305 thousand, respectively.}
^{(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 nine-month periods indicated the distribution of consolidated average assets, liabilities and shareholders' equity.

	For the Nine Months Ended					For the Nine Months Ended
	9/30/2026					9/30/2025
	Average				Yield/	Average				Yield/
	Balance		Interest		Rate	Balance		Interest		Rate
Interest-earning assets:
Loans ^{(2) (3)}	$	1,504,521	$	73,563	6.54%	$	1,171,116	$	54,643	6.24%
Investment securities		396,835		13,229	4.46%		381,124		12,133	4.26%
Non-taxable investment securities ⁽¹⁾		75,433		1,975	3.50%		75,084		1,815	3.23%
Interest-bearing deposits		71,410		2,010	3.76%		72,208		2,429	4.50%
Total interest-earning assets		2,048,199		90,777	5.93%		1,699,532		71,020	5.59%
Cash and due from banks		33,946					29,379
Other assets		164,131					114,242
Total assets	$	2,246,276				$	1,843,153

Interest-bearing liabilities:
Money market deposits		454,053		6,131	1.81%		335,889		4,891	1.95%
Savings deposits		307,930		844	0.37%		311,187		752	0.32%
Time deposits		224,026		4,598	2.74%		149,218		2,421	2.17%
Total deposits		986,009		11,573	1.57%		796,294		8,064	1.35%
Repurchase Agreements		79,572		968	1.63%		37,863		347	1.23%
Borrowings		16,399		550	4.48%		20,789		713	4.59%
Total interest-bearing liabilities		1,081,980		13,091	1.62%		854,946		9,124	1.43%
Non-interest-bearing deposits		850,062					743,628
Other liabilities		46,110					39,596
Shareholders' equity		268,124					204,983
Total liabilities & equity	$	2,246,276				$	1,843,153
Cost of funding interest-earning assets ⁽⁴⁾					0.85%					0.72%
Net interest income and margin ⁽⁵⁾			$	77,686	5.07%			$	61,896	4.87%

^{(1) Not computed on a tax-equivalent basis.}
^{(2) Average nonaccrual loan balances of $16.7 million for 2026 and $7.3 million for 2025 are included in average loan balances for computational purposes.}
^{(3) Net costs included in loan interest income for the nine-month periods ended September 30, 2026 and 2025 were $762 thousand and $776 thousand, respectively.}
^{(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 September 30, 2026 and 2025.

	For the Three Months Ended
	September 30,
	2026		2025		Dollar Change		Percentage Change
Interchange income	$	927	$	912		15	1.6%
Service charges on deposit accounts		802		816		(14)	(1.7)%
Earnings on life insurance policies		276		261		15	5.7%
FHLB Dividends		209		191		18	9.4%
Loan servicing fees		176		156		20	12.8%
Loss on sale of investment securities		-		(628)		628	100.0%
Other		396		540		(144)	(26.7)%
Total non-interest income	$	2,786	$	2,248	$	538	23.9%

The following table presents the components of non-interest expense for the three-month periods ended September 30, 2026 and 2025.

	For the Three Months Ended
	September 30,
	2026		2025		Dollar Change		Percentage Change
Salaries and employee benefits	$	7,640	$	7,418	$	222	3.0%
Occupancy and equipment		2,743		2,471		272	11.0%
Outside service fees		1,512		1,584		(72)	(4.5)%
Professional fees		653		312		341	109.3%
Amortization of Core Deposit Intangible		552		615		(63)	(10.2)%
Advertising and shareholder relations		349		282		67	23.8%
Armored car and courier		287		284		3	1.1%
Loan collection expenses		287		109		178	163.3%
Business development		254		242		12	5.0%
Deposit insurance		256		288		(32)	(11.1)%
Director compensation and expense		200		195		5	2.6%
Telephone and data communication		144		154		(10)	(6.5)%
Merger and acquisition expenses		-		879		(879)	(100.0)%
Other		268		301		(33)	(11.0)%
Total non-interest expense	$	15,145	$	15,134	$	11	0.1%

PLUMAS BANCORP
SELECTED FINANCIAL INFORMATION
(Dollars in thousands)
(Unaudited)

The following table presents the components of non-interest income for the nine-month periods ended September 30, 2026 and 2025.

	For the Nine Months Ended
	September 30,
	2026		2025		Dollar Change		Percentage Change
Interchange income	$	2,639	$	2,386	$	253	10.6%
Service charges on deposit accounts		2,400		2,303		97	4.2%
Earnings on life insurance policies		820		478		342	71.5%
FHLB Dividends		759		463		296	63.9%
Loan servicing fees		508		490		18	3.7%
Loss on sale of investment securities		-		(625)		625	100.0%
Other		1,409		2,327		(918)	(39.4)%
Total non-interest income	$	8,535	$	7,822	$	713	9.1%

The following table presents the components of non-interest expense for the nine-month periods ended September 30, 2026 and 2025.

	For the Nine Months Ended
	September 30,
	2026		2025		Dollar Change		Percentage Change
Salaries and employee benefits	$	22,890	$	18,851	$	4,039	21.4%
Occupancy and equipment		8,065		6,535		1,530	23.4%
Outside service fees		4,468		4,008		460	11.5%
Amortization of Core Deposit Intangible		1,699		702		997	142.0%
Professional fees		1,404		760		644	84.7%
Advertising and shareholder relations		1,014		818		196	24.0%
Armored car and courier		833		725		108	14.9%
Deposit insurance		752		650		102	15.7%
Business development		709		597		112	18.8%
Loan collection expenses		642		231		411	177.9%
Director compensation and expense		584		516		68	13.2%
Telephone and data communication		435		452		(17)	(3.8)%
Merger and acquisition expenses		-		1,929		(1,929)	(100.0)%
Other		1,441		838		603	72.0%
Total non-interest expense	$	44,936	$	37,612	$	7,324	19.5%

PLUMAS BANCORP
SELECTED FINANCIAL INFORMATION
(Dollars in thousands)
(Unaudited)

The following table shows the distribution of loans by type at September 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
	9/30/26		9/30/26	9/30/2025		9/30/2025
Commercial	$	159,905	10.7%	$	161,667	10.8%
Agricultural		139,336	9.3%		154,107	10.3%
Real estate – residential		31,238	2.1%		33,657	2.2%
Real estate – commercial		1,015,901	67.9%		980,694	65.5%
Real estate – construction & land		54,411	3.6%		49,199	3.3%
Equity Lines of Credit		54,389	3.6%		53,283	3.6%
Auto		25,425	1.7%		45,142	3.0%
Other		14,940	1.1%		18,745	1.3%
Total Gross Loans	$	1,495,545	100%	$	1,496,494	100%

The following table shows the distribution of Commercial Real Estate loans at September 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
	9/30/26		9/30/26	9/30/25		9/30/25
Owner occupied	$	444,037	43.7%	$	421,456	43.0%
Investor		571,864	56.3%		559,238	57.0%
Total real estate - commercial	$	1,015,901	100%	$	980,694	100%

The following table shows the distribution of deposits by type at September, 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
	9/30/26		9/30/26	9/30/2025		9/30/2025
Non-interest bearing	$	859,713	46.1%	$	862,085	47.4%
Money Market		471,653	25.3%		433,832	23.8%
Savings		298,402	16.0%		309,030	17.0%
Time		236,875	12.6%		214,589	11.8%
Total Deposits	$	1,866,643	100%	$	1,819,536	100%

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Plumas Bancorp’s third-quarter 2026 earnings?

Plumas Bancorp reported record net income of $11.4 million and diluted earnings per share of $1.61 for the third quarter of 2026. The prior-year quarter produced net income of $5.1 million and diluted earnings per share of $0.73.

How does the Cornerstone acquisition affect Plumas Bancorp’s nine-month earnings comparison?

The nine-month 2026 results include a full period of combined operations, while the nine-month 2025 results include only three months. Plumas Bancorp acquired Cornerstone on July 1, 2025. The higher 2025 credit-loss provision primarily reflected acquisition-related initial provisions on acquired loans and, to a lesser extent, unfunded commitments.

How quickly do Plumas Bancorp’s variable-rate loans reprice?

Repricing intervals range from one day to several years, with most commercial real estate loans repricing every five years. Approximately 79% of the loan portfolio was variable-rate at September 30, 2026. Approximately 78% of variable-rate loans were indexed to the five-year T-Bill rate; approximately 19% were prime-indexed and reprice within one day to three months of a prime-rate change.

What changed in Plumas Bancorp’s deposit mix?

Money market accounts increased $38 million and time deposits increased $22 million year over year, partly offset by declines of $11 million in savings and $2 million in non-interest-bearing demand deposits. Non-interest-bearing demand deposits represented 46% of deposits at September 30, 2026. Approximately $41 million of acquired repurchase-agreement balances were reclassified to money market deposits during 2026.

Which Plumas Bancorp loan categories grew or declined year over year?

Commercial real estate loans increased $35 million, construction loans $5 million and equity lines $1 million between September 30, 2025 and September 30, 2026. Automobile loans declined $20 million, agricultural loans $15 million, other loans $4 million and commercial loans $2 million. Gross loans were $1.5 billion at both dates.

Plumas Bancorp Reports Record Third Quarter 2026 Earnings