Core Viewpoint - Plumas Bancorp reported a decrease in net income and earnings per share for the second quarter of 2025 compared to the same period in 2024, while showing an increase in net income for the first half of 2025 compared to the first half of 2024. The company also completed the acquisition of Cornerstone Community Bancorp, which is expected to enhance its market presence and operational efficiency. Financial Performance - Net income for Q2 2025 was $6.3 million or $1.07 per share, down from $6.8 million or $1.15 per share in Q2 2024 [1] - Diluted earnings per share decreased to $1.05 in Q2 2025 from $1.14 in Q2 2024 [1] - For the first half of 2025, net income was $13.5 million or $2.28 per share, an increase from $13.0 million or $2.21 per share in the first half of 2024 [6] Return on Assets and Equity - Return on average assets was 1.56% in Q2 2025, down from 1.67% in Q2 2024 [2] - Return on average equity decreased to 13.4% in Q2 2025 from 17.1% in Q2 2024 [2] - For the first half of 2025, return on average assets was 1.67%, up from 1.61% in the first half of 2024, while return on average equity decreased to 14.7% from 16.7% [7] Income Statement Highlights - Net interest income decreased by $222 thousand to $18.2 million in Q2 2025 from $18.4 million in Q2 2024 [3] - Non-interest income increased by $159 thousand to $2.4 million in Q2 2025, compared to $2.2 million in Q2 2024 [3][47] - Non-interest expense increased by $616 thousand to $11.0 million in Q2 2025, with $481 thousand attributed to merger-related costs [4][48] Balance Sheet Highlights - Gross loans increased by $21 million, or 2%, to $1.0 billion as of June 30, 2025 [13][15] - Total deposits increased by $62 million to $1.4 billion as of June 30, 2025, with significant increases in money market accounts and time deposits [17][20] - Total equity increased by $28 million, or 17%, to $193 million as of June 30, 2025 [20][26] Asset Quality - Nonperforming assets increased to $13.7 million, or 0.84% of total assets, as of June 30, 2025, up from $9.1 million or 0.56% in June 2024 [19] - Nonperforming loans increased to $13.6 million, representing 1.34% of total loans, up from 0.90% in June 2024 [21] Acquisition and Strategic Developments - The company completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, which is expected to enhance its operational capabilities and market presence [4][14] - The company is expanding its treasury management services and refining its lending processes to improve efficiency [14]

Core Viewpoint - Plumas Bancorp reported a decrease in net income and earnings per share for the second quarter of 2025 compared to the same period in 2024, while showing an increase in net income for the first half of 2025 compared to the first half of 2024. Financial Performance - Net income for Q2 2025 was $6.3 million or $1.07 per share, down from $6.8 million or $1.15 per share in Q2 2024 [1] - Diluted earnings per share decreased to $1.05 in Q2 2025 from $1.14 in Q2 2024 [1] - For the first half of 2025, net income was $13.5 million or $2.28 per share, an increase from $13.0 million or $2.21 per share in the first half of 2024 [6] Return Metrics - Return on average assets was 1.56% in Q2 2025, down from 1.67% in Q2 2024 [2] - Return on average equity decreased to 13.4% in Q2 2025 from 17.1% in Q2 2024 [2] - For the first half of 2025, return on average assets was 1.67%, up from 1.61% in the first half of 2024, while return on average equity decreased to 14.7% from 16.7% [7] Income Statement Highlights - Net interest income decreased by $222 thousand to $18.2 million in Q2 2025 from $18.4 million in Q2 2024 [3] - Non-interest income increased by $159 thousand to $2.4 million in Q2 2025 from $2.2 million in Q2 2024 [3][49] - Non-interest expense increased by $616 thousand to $11.0 million in Q2 2025 from $10.4 million in Q2 2024, with $481 thousand related to merger costs [4][50] Balance Sheet Highlights - Gross loans increased by $21 million, or 2%, to $1.0 billion as of June 30, 2025 [13] - Total deposits increased by $62 million, or 5%, to $1.4 billion as of June 30, 2025 [17] - Total equity increased by $28 million, or 17%, to $193 million as of June 30, 2025 [20] Asset Quality - Nonperforming assets increased to $13.7 million, or 0.84% of total assets, as of June 30, 2025, up from $9.1 million or 0.56% in June 2024 [19] - Nonperforming loans increased to $13.6 million as of June 30, 2025, compared to $9.0 million in June 2024 [21] Acquisition and Strategic Developments - The company completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, which is expected to enhance its market presence [4][14] - The company is expanding its treasury management services and refining its lending processes to improve efficiency [14]

Company Overview - Plumas Bancorp (PLBC) shares increased by 5.5% to close at $46.92, supported by higher trading volume compared to normal sessions [1] - The stock has gained 3.7% over the past four weeks [1] Merger Impact - The stock's rally is attributed to the completion of its merger with Cornerstone Community Bancorp, which has made investors optimistic [2] - The merger combines Plumas Bank's advanced technology with Cornerstone's local expertise, resulting in a company with nearly $2.3 billion in total assets and 19 banking branches across 11 counties in Northern California and Nevada [2] Earnings Expectations - Plumas Bancorp is projected to report quarterly earnings of $1.20 per share, reflecting a year-over-year increase of 5.3% [3] - Expected revenues for the upcoming quarter are $20.95 million, up 1.7% from the previous year [3] Earnings Estimate Trends - The consensus EPS estimate for Plumas Bancorp has remained stable over the last 30 days, indicating no recent revisions [4] - The stock's price typically does not continue to rise without trends in earnings estimate revisions, suggesting the need for monitoring future performance [4] Industry Context - Plumas Bancorp is categorized under the Zacks Banks - West industry, where CVB Financial (CVBF) also operates [4] - CVB Financial's stock closed 3.6% higher at $20.51, with a 7.6% return over the past month [4]

Core Viewpoint - Plumas Bancorp has successfully completed the acquisition of Cornerstone Community Bancorp, enhancing its market presence and service offerings in northern California [1][2][3]. Transaction Details - The merger agreement stipulated that each share of Cornerstone common stock was converted into 0.6608 shares of Plumas common stock and $9.75 in cash, with a total deal value of approximately $61.3 million based on Plumas's stock price of $44.46 on June 30, 2025 [2]. - The merger became effective on July 1, 2025, with Cornerstone Community Bank merging into Plumas Bank [1]. Leadership Changes - Ken Robison, a director from Cornerstone, has been appointed to the board of directors of Plumas and Plumas Bank [3]. - Matthew B. Moseley, former President and CEO of Cornerstone, will serve as Executive Vice President and Market President at Plumas Bank [4]. Strategic Goals - The acquisition aims to integrate Cornerstone's local expertise with Plumas's advanced technology and small business solutions, enhancing service offerings to communities [3][5]. - Both Robison and Moseley expressed commitment to community growth and innovation in financial solutions for small businesses and families [5]. Financial Position - As of March 31, 2025, Cornerstone had total assets of $648 million, total loans outstanding of $492 million, and total deposits of $572 million [4]. - Post-merger, Plumas's pro forma combined total assets are approximately $2.3 billion, total loans outstanding are about $1.5 billion, and total deposits are around $1.9 billion [6].

Financial Performance - The company's total assets reached $1.6 billion as of June 30, 2024 [12] - Net income for the second quarter of 2024 was $6.786 million, a 1.9% increase compared to $6.660 million in the second quarter of 2023 [80] - Net interest income for the second quarter of 2024 increased by 6.8% to $18.405 million from $17.239 million in the second quarter of 2023 [80] - The net interest margin for 2023 was 4.71%, driven by higher rates and strategic investments [30] - In 2023, net income increased by 12.6% to $29.776 million [82] Deposits and Loans - As of June 30, 2024, non-interest-bearing deposits accounted for 51% of total deposits [45] - The average interest-bearing deposit rate was 0.84% for the three months ended June 30, 2024 [44] - Total loans reached $997 million as of June 30, 2024 [58] - Agricultural lending balances represented 12.5% of total loans as of June 30, 2024 [71] Investments and Borrowings - The investment portfolio totaled $445 thousand [41] - Securities totaling $115 million were sold in 1Q24, resulting in a $19.8 million loss [41] - Outstanding BTFP borrowings amounted to $105 million with a rate of 4.85% [55]

Nevada County INVESTOR PRESENTATION UPDATED THROUGH SEPTEMBER 30, 2024 1 Forward Looking Statements Disclaimer The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond our control. There can be no assurance that future devel ...

Financial Performance - Net income decreased by 389% from $29776 thousand in 2023 to $28619 thousand in 2024[82] - Net interest income increased by 558% from $69794 thousand in 2023 to $73691 thousand in 2024[82] - The net interest margin increased by 170% from 471% in 2023 to 479% in 2024[82] - Return on average assets(ROAA) decreased by 745% from 188% in 2023 to 174% in 2024[82] - Return on average equity(ROAE) decreased by 265% from 234% in 2023 to 172% in 2024[82] Balance Sheet - Total assets increased by 080% from $1610416 thousand in 2023 to $1623326 thousand in 2024[82] - Total deposits increased by 281% from $1333655 thousand in 2023 to $1371101 thousand in 2024[82] - Net loans increased by 598% from $948604 thousand in 2023 to $1005375 thousand in 2024[82] Loan Portfolio - Government guaranteed loans represented approximately 7% of total loans as of December 31 2024[67] - Agricultural lending balances represented 12% of total loans as of December 31 2024[71]

Core Points - Cornerstone Community Bancorp and Plumas Bancorp have announced the approval of the merger agreement, allowing Cornerstone's shareholders to convert their shares into cash and Plumas stock [1][2] - The merger is expected to be completed in early July 2025, with Plumas having already received the necessary bank regulatory approvals [2] - The combined entity will have approximately $2.3 billion in total assets and operate 19 full-service banking branches across 11 counties in Northern California and Nevada [3] Company Statements - Plumas Bancorp's CEO highlighted the merger as a pivotal milestone, emphasizing the integration of local expertise and advanced technology to enhance services for communities [3] - Cornerstone's CEO expressed excitement about the merger, noting the opportunity to expand their reach and maintain high service standards for customers [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) COMMISSION FILE NUMBER: 000-49883 PLUMAS BANCORP (Exact Name of Registrant as Specified in Its Charter) California 75-2987096 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 5525 Kietzke Lane, Suite 100, Reno, Nevada 89511 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code (775) 786-0907 PART I – FINANCIAL INFORMA ...

Group 1: Earnings Performance - Plumas Bancorp reported quarterly earnings of $1.20 per share, exceeding the Zacks Consensus Estimate of $1.13 per share, and up from $1.05 per share a year ago, representing an earnings surprise of 6.19% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - The revenue for the quarter ended March 2025 was $21.75 million, surpassing the Zacks Consensus Estimate by 5.67%, compared to $19.6 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Plumas Bancorp shares have declined approximately 14.1% since the beginning of the year, while the S&P 500 has decreased by 8.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.18 on revenues of $21.07 million, and for the current fiscal year, it is $4.30 on revenues of $94.49 million [7] Group 3: Industry Context - The Banks - West industry, to which Plumas Bancorp belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The Zacks Rank for Plumas Bancorp is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]