Core Viewpoint - Plumas Bancorp has authorized a stock repurchase program allowing for the repurchase of up to $25 million of its outstanding common stock through the fourth quarter of 2026, reflecting the company's strong capital position and commitment to disciplined capital management [1][3]. Group 1: Stock Repurchase Program - The stock repurchase may be executed through various means, including open market purchases and block trades, depending on market conditions and other corporate considerations [2]. - The program is intended to be funded using available cash and retained earnings, with no guarantee on pricing or the number of shares to be repurchased [3]. Group 2: Company Overview - Plumas Bancorp is headquartered in Reno, Nevada, and its principal subsidiary is Plumas Bank, a full-service community bank founded in 1980, operating nineteen branches across California and Nevada [4]. - The bank offers a wide range of financial and investment services and has achieved nationwide Preferred Lender status with the United States Small Business Administration [4].

Core Insights - Jeff Moore, Executive Vice President and Chief Credit Officer of Plumas Bank, will retire at the end of the year after joining the bank in 2018 [1] - Moore's leadership has significantly advanced the bank's credit functions, including the adoption of new underwriting platforms and modernization of loan processes [2] - Kevin Kaiser, currently SVP/Credit Administrator, will succeed Moore, ensuring continuity in leadership and expertise within the bank's credit operations [3] Company Overview - Plumas Bank, founded in 1980, is a full-service community bank headquartered in Quincy, California, with a holding company, Plumas Bancorp, established in 2002 [5] - The bank operates nineteen branches across California and Nevada, providing a wide range of financial services and holding Preferred Lender status with the SBA [5]

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]