PLBC

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 $9.9 million or $1.43 per share, an increase of $3.6 million from $6.3 million or $1.07 per share during the second quarter of 2025.   Diluted earnings per share increased to $1.41 per share during the three months ended June 30, 2026 up from $1.05 per share during the quarter ended June 30, 2025. Return on average assets was 1.79% during the current quarter, up from 1.56% during the second quarter of 2025. Return on average equity increased to 15.0% for the three months ended June 30, 2026, up from 13.4% during the second quarter of 2025. Net interest income increased by $7.8 million from $18.2 million during the three months ended June 30, 2025, to $26.0 million during the current quarter. The provision for credit losses decreased from $860 thousand during the second quarter of 2025 to $600 thousand during the current quarter. Non-interest income increased by $390 thousand from $2.4 million during the three months ended June 30, 2025 to $2.8 million during the second quarter of 2026. Non-interest expense increased by $3.5 million from $11.0 million during the second quarter of 2025 to $14.5 million during the current quarter. The provision for income taxes increased by $1.3 million from $2.4 million, during the three months ended June 30, 2025 to $3.7 million during the current quarter. The average effective tax rate was 27.1% in both periods. For the six months ended June 30, 2026, the Company reported net income of $19.7 million or $2.83 per share, an increase of $6.2 million from $13.5 million or $2.28 per share earned during the six months ended June 30, 2025. Earnings per diluted share increased to $2.79 during the six months ended June 30, 2026, up $0.54 from $2.25 during the first six months of 2025. Return on average assets was 1.79% during the six months ended June 30, 2026, up from 1.67% during the first half of 2025. Return on average equity increased to 14.9% for the six months ended June 30, 2026, up from 14.7% during the first half of 2025. Net interest income increased by $14.4 million from $36.7 million during the six months ended June 30, 2025, to $51.1 million during the current period. The provision for credit losses decreased from $1.1 million during the first half of 2025 to $270 thousand during the current period. Non-interest income increased by $174 thousand from $5.6 million during the six months ended June 30, 2025 to $5.7 million during the first half of 2026. Non-interest expense increased by $7.3 million from $22.5 million during the first half of 2025 to $29.8 million during the current period. The provision for income taxes increased by $1.9 million from $5.2 million, or 27.8% of pre-tax income, during the six months ended June 30, 2025 to $7.1 million, or 26.5% of pre-tax income, during the current period. 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 $658 million, gross loans totaled $478 million, and deposits totaled $580 million. Goodwill associated with the acquisition of Cornerstone was $18.7 million; the core deposit intangible was $11.6 million. In addition, the Company recorded a discount on the acquired loans totaling $15.5 million. Balance Sheet HighlightsJune 30, 2026 compared to June 30, 2025 Gross loans increased by $494 million, or 49%, to $1.5 billion. Total deposits increased by $518 million, or 38%, to $1.9 billion. Total equity increased by $79 million, or 41%, to $272 million. Book value per share increased by $6.54, or 20%, 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 $494 million, or 49%, from $1.0 billion at June 30, 2025, to $1.5 billion at June 30, 2026. Increases in loans included $353 million in commercial real estate loans, $81 million in commercial loans, $29 million in agricultural loans, $21 million in residential real estate loans, $13 million in equity lines, $11 million in consumer and other loans and $8 million in construction loans. These increases were partially offset by a decrease of $22 million in automobile loans. At   June 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 77% 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 20% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate. Primarily reflecting the acquisition of Cornerstone, total deposits increased by $518 million, or 38% from $1.4 billion at June 30, 2025, to $1.9 billion at June 30, 2026. The increase in deposits includes increases of $196 million in demand deposits, $193 million in money market accounts, $14 million in savings accounts and $115 million in time deposits. At June 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 CCB, bearing an interest rate of 3.80%. During the six months ended June 30, 2026 total deposits increased by $75 million, or 4%, of which $41 million represents accounts that were moved from repurchase agreements to money market deposits during the current quarter. Total investment securities increased by $26 million from $440 million at June 30, 2025 to $466 million at June 30, 2026. Contributing to this increase was a $7 million decline in the unrealized loss position, from $21 million at June 30, 2025 to $14 million at June 30, 2026. The Company's investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Primarily related to the increase in deposits, cash and due from banks increased by $56 million from $79 million at June 30, 2025, to $135 million at June 30, 2026. Asset Quality Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2026, were $23.6 million, up from $13.7 million at June 30, 2025. Nonperforming assets as a percentage of total assets increased to 1.04% at June 30, 2026, up from 0.84% at June 30, 2025. OREO increased by $44 thousand from $91 thousand at June 30, 2025, to $135 thousand at June 30, 2026. Nonperforming loans were $23.5 million at June 30, 2026, and $13.7 million at June 30, 2025. Nonperforming loans as a percentage of total loans increased to 1.55% at June 30, 2026, up from 1.34% at June 30, 2025. Included in nonperforming loans was one loan totaling $1.6 million which was past due 90 days at June 30, 2026 and still accruing interest. This loan was paid in full in July 2026. During the first half of 2026 the provision for credit losses totaled $270 thousand consisting of a provision for credit losses on loans of $200 thousand and an increase in the reserve for unfunded commitments of $70 thousand. This compares to a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand during the six months ended June 30, 2025. Net charge-offs totaled $419 thousand and $137 thousand during the six months ended June 30, 2026 and 2025, respectively. The allowance for credit losses totaled $19.7 million at June 30, 2026 and $14.2 million at June 30, 2025. The allowance for credit losses as a percentage of total loans was 1.30% and 1.39% at June 30, 2026 and 2025. 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). 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 $441 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $707 million. Based on its current level of FHLB stock holdings the Company can borrow up to $326 million. To borrow the full $441 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 June 30, 2026, the Company could borrow up to $38 million at the Discount Window secured by investment securities with a fair value of $39 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 June 30, 2026 and 2025. Note Payable. Plumas Bancorp had outstanding borrowings of $14.3 million with a correspondent bank at June 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 six-months ended June 30, 2026 and 2025, was $278 thousand and $290 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 six-months ended June 30, 2026, was $97 thousand. 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 $59 million and $15 million at June 30, 2026 and 2025, respectively. The balances at June 30, 2026, are secured by U.S. Government agency securities with a carrying amount of $85 million. The increase in repurchase agreements is primarily driven by the acquisition of Cornerstone. Cornerstone maintained reciprocal deposits with several customers which were converted to repurchase agreements in July 2025. Interest expense recognized on repurchase agreements for the six months ended June 30, 2026 and 2025, was $714 thousand and $31 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 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 $441 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $707 million. At June 30, 2026, the Company could borrow up to $38 million at the FRB Discount Window secured by investment securities with a fair value of $39 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 June 30, 2026 and 2025. Customer deposits are the Company’s primary source of funds. Total deposits increased by $518 million from $1.4 billion at June 30, 2025, to $1.9 billion at June 30, 2026. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $811 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $230 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 $79 million from $193 million at June 30, 2025, to $272 million at June 30, 2026. The $79 million includes stock issued in the acquisition of Cornerstone totaling $45 million, earnings during the twelve-month period totaling $36 million, a decrease in accumulated other comprehensive loss of $7 million and restricted stock and stock option activity totaling $3 million. These items were partially offset by the payment of cash dividends totaling $9 million and the purchase of 56 thousand shares of common stock under the Company’s stock repurchase plan totaling $3 million. 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 $7.8 million from $18.2 million during the three months ended June 30, 2025, to $26.0 million for the three months ended June 30, 2026. The increase in net interest income includes an increase of $9.7 million in interest income partially offset by an increase of $1.9 million in interest expense. Interest and fees on loans increased by $9.2 million to $24.8 million related to an increase in average balance and an increase in yield. Average loan balances increased by $484 million, while the average yield on these loans increased by 47 basis points from 6.14% during the second quarter of 2025 to 6.61% 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, the reversal of $344 thousand in accrued interest on a large loan relationship during the second quarter of 2025 and growth in fixed rate SBA loans which totaled $123 million at June 30, 2026, and $75 million at June 30, 2025. The weighted average rate earned on this portfolio at June 30, 2026, was 8.1%. The amortization of discounts on loans acquired from Cornerstone totaled $1.3 million during the quarter an increase of $800 thousand from $500 thousand during the first quarter of 2026. The increase in amortization during the current quarter relates to an increase in prepayments on this portfolio. Partially offsetting the discount amortization was the reversal of approximately $375 thousand in interest on loans placed on nonaccrual during the current quarter. The average prime interest rate decreased from 7.5% during the second quarter of 2025 to 6.75% during the current quarter. Approximately 15% of the Company's loans are tied to the prime interest rate and most of these reprice within one to three months of a change in prime. Interest earned on investment securities increased by $484 thousand related to an increase in yield on investment securities of 21 basis points to 4.29% and an increase in average balance of $24 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 increased from $442 million during the three months ended June 30, 2025 to $466 million during the current period. Interest earned on cash balances increased by $78 thousand related to an increase in average balance of $17 million partially offset by a decrease in average rate paid on cash balances of 73 basis points from 4.47% during the second quarter of 2025 to 3.74% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 4.40% during the second quarter of 2025 to 3.65% during the current quarter. Interest expense on deposits increased by $1.6 million and is broken down by product type as follows: money market accounts - $844 thousand, savings deposits - $29 thousand and time deposits - $747 thousand. The increase in interest expense primarily relates to the growth in money market and time deposits related to the acquisition of Cornerstone. The average rate paid on interest-bearing deposits increased from 1.30% during the second quarter of 2025 to 1.59% during the current quarter and relates to an increase in the percentage of average money market and time deposits to average interest bearing deposits from 58% during the second quarter of 2025 to 68% during the current quarter as well as an increase in the average rate paid on these deposits. The average rate paid on interest bearing liabilities increased from 1.33% during the 2025 quarter to 1.62% in 2026 related to the increase in the cost of interest bearing deposits and repurchase agreements. The average rate paid on repurchase agreements increased from 0.46% during the second quarter of 2025 to 1.48% during the current quarter. Net interest margin for the three months ended June 30, 2026, increased 30 basis points to 5.13%, up from 4.83% for the same period in 2025. 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 $51.1 million, an increase of $14.4 million from the $36.7 million earned during the same period in 2025. The increase in net interest income includes an increase of $18.5 million in interest income partially offset by an increase of $4.1 million in interest expense. Interest and fees on loans increased by $17.7 million related to increases in average balance and yield. The average balance of loans during the six months ended June 30, 2026 was $1.5 billion, an increase of $490 million from $1.0 billion during the same period in 2025. The average yield on loans increased by 38 basis points from 6.15% during the first six months of 2025 to 6.53% during the current period. Interest on investment securities increased by $973 thousand related to an increase in yield of 18 basis points to 4.28% and an increase in average balance of $27 million to $470 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 $195 thousand related to a decline in yield. The rate earned on cash balances declined by 73 basis points to 3.77%. The average balance in interest bearing cash remained unchanged at $53.8 million. Primarily related to an increase in balance and rate paid on deposits and repurchase agreements, interest expense increased from $4.5 million during the six months ended June 30, 2025 to $8.6 million during the current period. The average rate paid on interest bearing liabilities increased from 1.24% during the 2025 period to 1.61% in 2026. Interest expense on deposits increased by $3.3 million and is broken down by product type as follows: money market accounts - $1.6 million, savings deposits - $100 thousand and time deposits - $1.6 million. The average rate paid on interest-bearing deposits increased from 1.21% during the six months ended June 30, 2025 to 1.55% during the current period. Average interest-bearing deposits totaled $972 million during the first half of 2026, an increase of $274 million from $698 million during the first half of 2025. Interest expense on repurchase agreements increased by $683 thousand related to an increase in average balance of $67.7 million and an increase in rate paid of 1.33%. Net interest margin for the six months ending June 30, 2026 increased 19 basis points to 5.08%, up from 4.89% for the same period in 2025. Non-Interest Income/Expense – Three Months Ended June 30, 2026 During the three months ended June 30, 2026, non-interest income totaled $2.8 million, an increase of $390 thousand from the three months ended June 30, 2025. Significant increases in non-interest income during the current quarter were $168 thousand in earnings on Bank Owned Life Insurance (BOLI) and $97 thousand in interchange income. Each of these items benefited from the acquisition of Cornerstone. Additionally, during the current period non-interest income included a gain of $104 thousand on sale of an OREO property.   During the three months ended June 30, 2026, total non-interest expense increased by $3.5 million from $11.0 million during the second quarter of 2025 to $14.5 million during the current quarter. Much of this increase was driven by the acquisition of Cornerstone. Salary and benefit expense increased by $2.0 million which includes an increase in salary expense of $1.2 million primarily related to an increase in Full-Time Equivalent (FTE) employees of 56 to 238 FTE at June 30, 2026 and to a much lesser extent merit and promotional increases. Primarily related to an increase in pre-tax income, bonus expense increased by $315 thousand. Occupancy and equipment expense increased by $598 thousand from $2.0 million during the second quarter of 2025 to $2.6 million during the current quarter, primarily related to the acquisition of Cornerstone and to a lesser extent the sales/leaseback completed during the fourth quarter of 2025. Amortization of Core Deposit Intangible increased by $522 thousand related to the acquisition of Cornerstone. The largest reduction in non-interest expense was $481 thousand in merger expenses incurred during the second quarter of 2025. Non-Interest Income/Expense – Six Months Ended June 30, 2026 During the six months ended June 30, 2026, non-interest income totaled $5.7 million, an increase of $174 thousand from the six months ended June 30, 2025. Significant increases in non-interest income during the current period were $278 thousand in FHLB dividends, $327 thousand in earnings on BOLI and $238 thousand in interchange income. Each of these items benefited from the acquisition of Cornerstone. Additionally, the FHLB paid a special dividend of $252 thousand during the first quarter of 2026. These increases were mostly offset by a $1.1 million settlement related to the Dixie Fire during the first quarter of 2025. Primarily driven by the acquisition of Cornerstone, non-interest expense increased by $7.3 million from $22.5 million during the first half of 2025 to $29.8 million during the current period. The four largest increases were $3.8 million in salary and benefit expense, $1.3 million in occupancy and equipment expense, $1.1 million in amortization of core deposit intangible and $637 thousand in other. Salary and benefit expense totaled $15.3 million during the current six month period and $11.4 million during the six months ended June 30, 2025. Salary expense increased by $2.1 million, mostly related to an increase in FTE. Related to an increase in pre-tax income, bonus expense increased by $595 thousand. Other significant increases in salary and benefit expense include $316 thousand in payroll taxes and $226 thousand in insurance expense. 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 $1.2 million from $4.1 million during the first six months of 2025 to $5.3 million during the current period. Amortization of Core Deposit Intangible increased by $1.1 million related to the acquisition of Cornerstone. Other expense increased by $637 thousand 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 $1.1 million in merger expenses incurred during the first half of 2025. 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 HuynhInvestor Relations Plumas Bancorp5525 Kietzke Lane Ste. 100Reno, NV 89511775.786.0907 [email protected]

Plumas Bancorp (PLBC) reported $28.76 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 40%. EPS of $1.41 for the same period compares to $1.05 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $28 million, representing a surprise of +2.71%. The company delivered an EPS surprise of +2.92%, with the consensus EPS estimate being $1.37. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Plumas Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: net charge-offs as a percentage of average loans (annualized): 0.1% versus 0.1% estimated by two analysts on average. Efficiency ratio: 50.4% compared to the 52.1% average estimate based on two analysts. Net interest margin: 5.1% compared to the 5% average estimate based on two analysts. Nonperforming loans: $23.47 million versus the two-analyst average estimate of $14.23 million. Nonperforming assets: $23.63 million compared to the $14.49 million average estimate based on two analysts. Total interest-earning assets - Average Balance: $2.03 billion versus $2.02 billion estimated by two analysts on average. Total non-interest income: $2.75 million versus the two-analyst average estimate of $2.67 million. Net interest income before provision for credit losses: $26.01 million versus $25.34 million estimated by two analysts on average. View all Key Company Metrics for Plumas Bancorp here>>> Shares of Plumas Bancorp have returned +5.1% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plumas Bancorp (PLBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Plumas Bancorp (PLBC) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.92%. A quarter ago, it was expected that this company would post earnings of $1.31 per share when it actually produced earnings of $1.38, delivering a surprise of +5.34%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Plumas Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $28.76 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.71%. This compares to year-ago revenues of $20.54 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Plumas Bancorp shares have added about 30.5% since the beginning of the year versus the S&P 500's gain of 10.2%. While Plumas Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Plumas Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.42 on $28.6 million in revenues for the coming quarter and $5.64 on $113.75 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Northrim BanCorp (NRIM), is yet to report results for the quarter ended June 2026. This holding company for Northrim Bank is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +19.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Northrim BanCorp's revenues are expected to be $53.1 million, up 5.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plumas Bancorp (PLBC) : Free Stock Analysis Report Northrim BanCorp Inc (NRIM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RENO, Nev., April 15, 2026 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank (the “Bank”), today announced record first quarter earnings of $9.8 million or $1.40 per share, up from $7.2 million or $1.21 per share during the first quarter of 2025. Diluted earnings per share was $1.38 during the three months ended March 31, 2026, up from $1.20 per share during the quarter ended March 31, 2025. Return on average assets was 1.78% during the current quarter, down slightly from 1.79% during the first quarter of 2025. Return on average equity was 14.9% for the three months ended March 31, 2026, down from 16.0% during the first quarter of 2025. Net-interest income increased by $6.6 million from $18.5 million during the three months ended March 31, 2025, to $25.1 million during the current quarter. The provision for credit losses was a $330 thousand recovery during the current quarter, compared to a $250 thousand provision in the first quarter of 2025. Non-interest income decreased by $217 thousand from $3.2 million during the three months ended March 31, 2025 to $3.0 million during the first quarter of 2026. However, the first quarter of 2025 included a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021. Excluding this settlement, non-interest income would have increased by $902 thousand year over year. Non-interest expense increased by $3.8 million from $11.5 million during the first quarter of 2025 to $15.3 million during the current quarter. Of this increase $726 thousand relates to a loss associated with two fraudulent wire transfers, both of which were associated with the same client while the remaining increase is primarily driven by the acquisition of Cornerstone Community Bancorp. The provision for income taxes increased by $560 thousand from $2.9 million, or 28.5% of pre-tax income, during the three months ended March 31, 2025 to $3.4 million, or 25.9% of pre-tax income, during the current quarter. Acquisition of Cornerstone Community Bank and Cornerstone Community Bancorp Results for the three months ended March 31, 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 $658 million, gross loans totaled $478 million, and deposits totaled $580 million. Goodwill associated with the acquisition of Cornerstone was $18.7 million; the core deposit intangible was $11.6 million. In addition, the Company recorded a discount on the acquired loans totaling $15.5 million. Balance sheet Highlights March 31, 2026 compared to March 31, 2025 Gross loans increased by $491 million, or 49%, to $1.5 billion. Deposits increased by $402 million, or 29% to $1.8 billion. Shareholders’ equity increased by $78 million, or 41%, to $265 million. Book value per share increased by $6.37, or 20%, to $38.05. President’s Comments Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp, commented, “During the quarter, we continued to emphasize capital strength and the creation of long-term shareholder value. In February, our Board of Directors authorized a stock repurchase program of up to $25 million through the fourth quarter of 2026, reflecting our strong capital position, consistent earnings capacity, and confidence in the long-term outlook for Plumas Bancorp. We view disciplined share repurchases as an important complement to our broader capital management strategy, while maintaining flexibility to support growth. During the first quarter of 2026, we purchased a total of 41 thousand shares of Plumas Bancorp common stock. We also continued to strengthen our leadership team with the addition of experienced executives. Kevin Kaiser was promoted to Chief Credit Officer effective January 1, 2026, following the 2025 appointments of Matt Moseley, Regional President, and Jack Prescott as Chief Banking Officer. These additions enhance our organizational depth and support the Bank’s long-term strategic priorities. Looking ahead, our priorities remain unchanged: delivering high-quality service to our clients, supporting the communities we serve, operational discipline, and creating sustainable, long-term value for our shareholders. I want to thank our employees for their continued dedication and our shareholders for their ongoing confidence in Plumas Bancorp.” Loans, Deposits, Investments and Cash Primarily reflecting the acquisition of Cornerstone, gross loans increased by $491 million, or 49%, from $1.0 billion at March 31, 2025, to $1.5 billion at March 31, 2026. Increases in loans included $353 million in commercial real estate loans, $85 million in commercial loans, $34 million in agricultural loans, $21 million in residential real estate loans, $16 million in equity lines and $11 million in consumer and other loans. These increases were partially offset by decreases of $23 million in automobile loans and $6 million in construction loans. On March 31, 2026, approximately 80% 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. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 77% 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 20% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate. Primarily reflecting the acquisition of Cornerstone, total deposits increased by $402 million from $1.4 billion at March 31, 2025, to $1.8 billion at March 31, 2026. The increase in deposits includes increases of $151 million in demand deposits, $131 million in money market accounts and $131 million in time deposits. Partially offsetting these increases was a decline of $11 million in savings deposits. At March 31, 2026, 47% 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 CCB, bearing an interest rate of 3.80%. Total investment securities increased by $22 million from $447 million at March 31, 2025, to $469 million at March 31, 2026. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. All investment securities are classified as available for sale. The unrealized loss on investment securities decreased by $11.6 million from $30.2 million on March 31, 2025, to $18.6 million on March 31, 2026. Cash and due from banks decreased by $24 million from $87 million on March 31, 2025, to $63 million on March 31, 2026. Asset Quality Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at March 31, 2026, were $14.4 million, up from $3.8 million at March 31, 2025. Nonperforming assets as a percentage of total assets increased to 0.65% at March 31, 2026, up from 0.23% at March 31, 2025. OREO increased by $135 thousand from $91 thousand at March 31, 2025, to $226 thousand at March 31, 2026. Nonperforming loans were $3.7 million at March 31, 2025, and $14.2 million at March 31, 2026. Nonperforming loans as a percentage of total loans increased to 0.94% at March 31, 2026, up from 0.36% at March 31, 2025. The increase in nonperforming loans was primarily driven by one agricultural loan relationship of 15 loans totaling $9.3 million. The borrower on these loans was unable to meet the obligations under the modified loan agreements, and as a result, the loans were placed on nonaccrual status during the second quarter of 2025. During the first quarter of 2026 we recorded a recovery of provision for credit losses of $330 thousand consisting of a recovery of provision for credit losses on loans of $401 thousand partially offset by an increase in the reserve for unfunded commitments of $71 thousand. This compares to a provision for credit losses of $250 thousand during the first quarter of 2025. Net charge-offs totaled $237 thousand and $127 thousand during the three months ended March 31, 2026 and 2025, respectively. The allowance for credit losses totaled $19.3 million at March 31, 2026, and $13.3 million at March 31, 2025. The allowance for credit losses as a percentage of total loans was 1.29% at March 31, 2026, and 1.32% at March 31, 2025. The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the three months ended March 31, 2026 and 2025 (in thousands). 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 $439 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $699 million. Based on its current level of FHLB stock holdings the Company can borrow up to $326 million. To borrow the full $439 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 March 31, 2026, the Company could borrow up to $40 million at the Discount Window secured by investment securities with a fair value of $41 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 March 31, 2026 and 2025. Note Payable. Plumas Bancorp had outstanding borrowings of $14.3 million with a correspondent bank at March 31, 2026. This loan matures on January 25, 2035, and can be prepaid at any time. During the initial three years the loan functioned as an interest only revolving line of credit. On February 1, 2025, the loan converted into a term loan requiring semi-annual interest payments and annual principal reductions. 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 three-months ended March 31, 2026 and 2025, was $139 thousand and $144 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 three-months ended March 31, 2026, was $61 thousand. Repurchase Agreements. The Bank 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 $99.4 million and $18.7 million at March 31, 2026 and 2025, respectively. The balances at March 31, 2026, are secured by U.S. Government agency securities with a carrying amount of $112.5 million. The increase in repurchase agreements is primarily driven by the acquisition of Cornerstone. Cornerstone maintained reciprocal deposits with several customers which were converted to repurchase agreements in July 2025. Interest expense recognized on repurchase agreements for the three-months ended March 31, 2026 and 2025, was $441 thousand and $10 thousand, respectively. Shareholders’ Equity Total shareholders’ equity increased by $77.8 million from $188 million at March 31, 2025, to $265 million at March 31, 2026. The $77.8 million includes stock issued in the acquisition of Cornerstone totaling $44.6 million, earnings during the twelve-month period totaling $32.2 million, a decrease in accumulated other comprehensive loss of $8.1 million and stock option activity totaling $3.1 million. These items were partially offset by the payment of cash dividends totaling $8.2 million and purchase of 41 thousand shares of common stock under the Company’s stock repurchase plan totaling $2.0 million. 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. Customer deposits are the Company’s primary source of funds. Total deposits increased by $402 million from $1.4 billion at March 31, 2025, to $1.8 billion at March 31, 2026. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $694 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $177 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 foreseeable future. Net Interest Income and Net Interest Margin Driven primarily by growth in the loan portfolio related to the acquisition of Cornerstone, net interest income increased by $6.6 million from $18.5 million during the three months ended March 31, 2025, to $25.1 million for the three months ended March 31, 2026. The increase in net interest income includes an increase of $8.8 million in interest income partially offset by an increase of $2.2 million in interest expense. Interest and fees on loans increased by $8.6 million related both to an increase in average balance and an increase in yield. Average loan balances increased by $495 million, while the average yield on loans increased by 28 basis points from 6.17% during the first quarter of 2025 to 6.45% during the current quarter. We attribute the increase in yield 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 $119 million at March 31, 2026, and $74 million at March 31, 2025. The weighted average rate earned on this portfolio at March 31, 2026, was 8.1%. Interest on investment securities increased by $489 thousand related to an increase in yield on investment securities of 15 basis points to 4.27% and an increase in average balance. 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 increased from $444 million during the three months ended March 31, 2025 to $475 million during the current period. Interest on cash balances decreased by $273 thousand related to a decline in average balance of $18 million and a decrease in average rate paid on cash balances of 71 basis points from 4.52% during the first quarter of 2025 to 3.81% during the current quarter. This decline in yield was Primarily related to a decline in rate paid on balances held at the Federal Reserve Bank (FRB). The average rate earned on FRB balances decreased from 4.40% during the first quarter of 2025 to 3.65% during the current quarter. Interest paid on deposits increased by $1.7 million and is broken down by product type as follows: money market accounts - $730 thousand, savings deposits - $71 thousand and time deposits - $889 thousand. The increase in interest paid primarily relates to the growth in money market and time deposits related to the acquisition of Cornerstone. The average rate paid on interest-bearing deposits increased from 1.11% during the first quarter of 2025 to 1.52% during the current quarter and Primarily relates to an increase in the percentage of average time deposits to average interest bearing deposits from 13% during the first quarter of 2025 to 22% during the current quarter. The average rate paid on interest bearing liabilities increased from 1.14% during the 2025 quarter to 1.60% in 2026 related mainly to the increase in the cost of interest bearing deposits and repurchase agreements. Net interest margin for the three months ended March 31, 2026, increased 8 basis points to 5.03%, up from 4.95% for the same period in 2025. Non-Interest Income/Expense During the three months ended March 31, 2026, non-interest income totaled $3.0 million, a decrease of $217 thousand from the three months ended March 31, 2025. The largest component of this decrease was the $1.1 million settlement related to the Dixie Fire during the first quarter of 2025. Significant increases in non-interest income during the current quarter were $309 thousand in FHLB dividends, $159 thousand in earnings on Bank Owned Life Insurance (BOLI) and $140 thousand in interchange income. Each of these items benefited from the acquisition of Cornerstone. Additionally, the FHLB paid a regular dividend of $194 thousand and special dividend of $252 thousand during the first quarter of 2026. During the three months ended March 31, 2026, total non-interest expense increased by $3.8 million from $11.5 million during the first quarter of 2025 to $15.3 million during the current quarter. Much of this increase was driven by the acquisition of Cornerstone. Salary and benefit expense increased by $1.9 million which includes an increase in salary expense of $1.1 million related to an increase in Full-Time Equivalent (FTE) employees of 48 to 232 FTE at March 31, 2026 and merit and promotional increases. Related Primarily to an increase in pre-tax income, bonus expense increased by $281 thousand. Payroll taxes increased by $207 thousand. Occupancy and equipment expenses increased by $660 thousand from $2.0 million during the first quarter of 2025 to $2.7 million during the current quarter, Primarily related to the acquisition of Cornerstone and to a much lesser extent the sales/leaseback completed during the fourth quarter of 2025. Amortization of Core Deposit Intangible increased by $537 thousand related to the acquisition of Cornerstone. Other expenses increased by $719 thousand related to a $726 thousand loss associated with two fraudulent wire transfers. The largest reduction in non-interest expense was $569 thousand in merger expenses incurred during the first quarter of 2025. 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 [email protected]

Plumas Bancorp (PLBC) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.34%. A quarter ago, it was expected that this company would post earnings of $1.37 per share when it actually produced earnings of $1.56, delivering a surprise of +13.87%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Plumas Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $28.14 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.06%. This compares to year-ago revenues of $21.75 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Plumas Bancorp shares have added about 14.3% since the beginning of the year versus the S&P 500's gain of 1.8%. While Plumas Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Plumas Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.36 on $27.8 million in revenues for the coming quarter and $5.50 on $112.35 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hope Bancorp (HOPE), another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on April 28. This bank holding company is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of +15.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hope Bancorp's revenues are expected to be $144.1 million, up 23.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plumas Bancorp (PLBC) : Free Stock Analysis Report Hope Bancorp, Inc. (HOPE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Plumas Bancorp (PLBC) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.87%. A quarter ago, it was expected that this company would post earnings of $0.66 per share when it actually produced earnings of $1.35, delivering a surprise of +104.55%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Plumas Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $28.58 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.73%. This compares to year-ago revenues of $21.16 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Plumas Bancorp shares have lost about 0.4% since the beginning of the year versus the S&P 500's decline of 0.7%. While Plumas Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Plumas Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.31 on $27.2 million in revenues for the coming quarter and $5.50 on $112.3 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Bank of Marin (BMRC), has yet to report results for the quarter ended December 2025. The results are expected to be released on January 26. This bank holding company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +34.2%. The consensus EPS estimate for the quarter has been revised 5.8% higher over the last 30 days to the current level. Bank of Marin's revenues are expected to be $33.35 million, up 19.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plumas Bancorp (PLBC) : Free Stock Analysis Report Bank of Marin Bancorp (BMRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RENO, Nev., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the fourth quarter of 2025 of $10.9 million or $1.58 per share, an increase of $3.2 million from $7.7 million or $1.31 per share during the fourth quarter of 2024. Diluted earnings per share increased to $1.56 per share during the three months ended December 31, 2025 up from $1.29 per share during the quarter ended December 31, 2024. Increases of $6.9 million in net interest income and $503 thousand in non-interest income were offset by increases of $3.6 million in non-interest expense, $517 thousand in the provision for credit losses and $94 thousand in the provision for income taxes. The annualized return on average assets was 1.93% for the three months ended December 31, 2025 and 1.87% for the three months ended December 31, 2024. The annualized return on average equity increased to 17.2% during the current quarter from 17.1% during the three months ended December 31, 2024. For the year ended December 31, 2025, the Company reported net income of $29.6 million or $4.60 per share, an increase of $1.0 million from $28.6 million, or $4.85 per share earned during the twelve months ended December 31, 2024. Earnings per diluted share decreased to $4.54 during the year ended December 31, 2025, down $0.26 from $4.80 during 2024. Increases of $14.1 million in net interest income and $1.7 million in non-interest income and a decline of $407 thousand in the provision for income taxes were mostly offset by increases in non-interest expense of $9.6 million and $5.6 million in the provision for credit losses. The annualized return on average assets was 1.52% for the twelve months ended December 31, 2025, down from 1.74% for the twelve months ended December 31, 2024. The annualized return on average equity decreased from 17.2% during 2024 to 13.6% during 2025. Balance Sheet Highlights December 31, 2025 compared to December 31, 2024 Gross loans increased by $497 million, or 49%, to $1.5 billion. Deposits increased by $439 million, or 32% to $1.8 billion. Shareholder’s equity increased by $83 million, or 47%, to $261 million. Book value per share increased by $7.38, or 24%, to $37.52. President’s Comments Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp, described 2025 as a pivotal year defined by the integration of Cornerstone Community Bancorp and strategic balance-sheet optimization. Ryback commented, “2025 was a year of purposeful execution and long term positioning for Plumas Bancorp. The Cornerstone Community Bancorp acquisition continues to strengthen our franchise by expanding our presence across Northern California, enhancing scale, and deepening relationships. “In another strategic move, management leveraged a $5.5 million pre-tax gain from a real estate sale-leaseback to offset security losses in an investment portfolio restructure that enhances the Bank’s margin and more than neutralizes the long-term lease expenses. Heading into 2026, the company’s focus remains on margin durability and cost-of-funds improvement, while continuing to sustain disciplined growth across our diversified loan portfolio. Finally, improving nonperforming metrics with prudent credit risk management, including workouts and resolution on a single large agricultural relationship, will continue to be a priority. “In closing, we were honored this year to celebrate Plumas Bank’s 45th anniversary. On December 15, 2025, our teams marked this milestone across our branch network, reflecting on the values based community banking model that continues to guide us. In Reno, the day was officially proclaimed ‘Plumas Bank Day’ underscoring the regional impact our colleagues make for businesses and families.” “To our clients, teammates, communities, and shareholders—thank you. With our enhanced footprint following the acquisition of Cornerstone, the momentum of our 45 year legacy, and the strategic actions we took, Plumas is well positioned for 2026 and beyond.” Acquisition of Cornerstone Community Bank and Cornerstone Community Bancorp Results for the three and twelve months ended December 31, 2025 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 $658 million, gross loans totaled $478 million, and deposits totaled $580 million. Goodwill associated with the acquisition of Cornerstone was $18.7 million; the core deposit intangible was $11.6 million. In addition, the Company recorded a discount on the acquired loans totaling $15.5 million. Our financial statements are prepared in conformity with accounting principles generally accepted in the United States (U.S. GAAP). In connection with the acquisition, the Company incurred a variety of non-recurring expenses related to the acquisition (the “Merger”) which are summarized at the end of this report under the heading “Reconciliation of Non-GAAP Disclosure”. The non-recurring expenses for the twelve months ended December 31, 2025 were $7.3 million. Excluding these expenses, non-GAAP net income for the twelve months ended December 31, 2025 would have been $35.0 million, resulting in diluted earnings per share of $5.37 and return on average assets of 1.80%. In addition, during the second half of 2025, the Company recorded additional expense and income related to the amortization and accretion, respectively related to the amortization/accretion of various Fair Value (FV) marks required under GAAP. The following table presents the effect on pretax earnings of the amortization/accretion of the FV marks recorded during the six months ended December 31, 2025 and the projected effect for the twelve months ended December 31, 2026. Positive numbers would increase pretax income and negative are a decrease in pretax income. The projected accretion of the discount on acquired loans is based on the acquired loans contractual payment schedules and may differ significantly from the actual accretion during the projected periods. Loans, Deposits, Investments and Cash Mostly related to the acquisition of CCB, gross loans increased by $497 million, or 49%, from $1.0 billion at December 31, 2024, to $1.5 billion at December 31, 2025. Increases in loans included $356 million in commercial real estate loans, $90 million in commercial loans, $39 million in agricultural loans, $22 million in residential real estate loans, $16 million in equity lines and $12 million in consumer and other loans. These increases were partially offset by decreases of $25 million in automobile loans and $13 million in construction loans. On December 31, 2025, approximately 80% 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. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 75% 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 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate. Related mostly to the acquisition of CCB, total deposits increased by $439 million from $1.4 billion at December 31, 2024, to $1.8 billion at December 31, 2025. The increase in deposits includes increases of $150 million in demand deposits, $173 million in money market accounts and $117 million in time deposits. Partially offsetting these increases was a decline of $1 million in savings deposits. At December 31, 2025, 47% of the Company’s deposits were in the form of non-interest-bearing demand deposits. During the third quarter of 2025 we transferred over $60 million of third-party reciprocal deposits acquired from CCB to our repurchase agreement product and paid off $38.5 million in brokered time deposits. These brokered deposits had a weighted average rate of 4.91%. At December 31, 2025, brokered deposits consist of a $10 million time deposit acquired from CCB. The rate on this deposit is 3.80%. Total investment securities increased by $39 million from $438 million at December 31, 2024, to $477 million at December 31, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. All investment securities are classified as available for sale. The unrealized loss on investment securities decreased by $21 million from $36 million on December 31, 2024, to $15 million on December 31, 2025. Cash and due from banks decreased by $1 million from $82 million on December 31, 2024, to $81 million on December 31, 2025. Asset Quality Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) were $15.3 million at December 31, 2025, and $4.3 million at December 31, 2024. Nonperforming assets as a percentage of total assets increased to 0.68% at December 31, 2025 up from 0.27% at December 31, 2024. OREO was $226 thousand at December 31, 2025 and $91 thousand at December 31, 2024. Nonperforming loans were $15.1 million at December 31, 2025 and $4.1 million at December 31, 2024. Nonperforming loans as a percentage of total loans increased to 1.0% at December 31, 2025, up from 0.40% at December 31, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.8 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the second quarter of 2025 we placed the loans on nonaccrual status. Specific loan loss reserves totaling $1.4 million related to this relationship’s loans were included in the allowance for credit losses at December 31, 2025. During 2025 we recorded a provision for credit losses of $6.8 million, consisting of a provision for credit losses on loans of $6.9 million and a decrease in the reserve for unfunded commitments of $40 thousand. The provision includes growth in the loan portfolio, the Current Expected Credit Losses (CECL) day 1 provision on non-Purchased Credit Deteriorated (non-PCD) loans acquired from CCB and a reserve for unfunded commitments on loans acquired from CCB. This compares to a provision for credit losses of $1.2 million consisting of a provision for credit losses on loans of $1.4 million and a decrease in the reserve for unfunded commitments of $179 thousand during 2024. Net charge-offs totaled $442 thousand and $1.0 million during the twelve months ended December 31, 2025, and 2024, respectively. The allowance for credit losses totaled $20.0 million at December 31, 2025, and $13.2 million at December 31, 2024. The allowance for credit losses as a percentage of total loans was 1.32% at December 31, 2025, and 1.30% at December 31, 2024. The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the years ended December 31, 2025 and 2024 (in thousands). Borrowing and Repurchase Agreements Borrowings Plumas Bancorp had outstanding borrowings of $15 million with a correspondent bank. This loan matures on January 25, 2035, and can be prepaid at any time. During the initial three years the loan functioned as an interest only revolving line of credit. On January 25, 2026 the loan will convert into a term loan requiring semi-annual principal and interest payments. 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 three and twelve-months ended December 31, 2025, was $148 thousand and $585 thousand, respectively. This compares to interest of $164 thousand and $641 thousand during the three and twelve months ended December 31, 2024. As a result of and upon the completion of the Merger, the Company assumed Cornerstone’s obligations with respect to an aggregate principal amount of $12 million of subordinated notes, comprised of (a) $2 million in aggregate principal amount of 4.75% Fixed to Floating Rate Subordinated Notes due November 30, 2035 (the “2035 Notes”) and (b) $10 million in aggregate principal amount of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2030 (the “2030 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 2030 Notes, which were issued in 2020, had a fixed interest rate of 4.75% for the first five years and thereafter a quarterly variable interest rate equal to the then current three-month term SOFR plus 4.52%. The 2030 notes were called for redemption on December 30, 2025. Of the $10 million originally outstanding on the 2030 notes, principal payments were made on $5.8 million while $4.2 million remain outstanding at December 31, 2025. The remaining $4.2 million will be paid once the notes are surrendered for cancelation by the debenture holders as required under the 2030 Notes. In accordance with the terms of the 2030 Notes interest has ceased to accrue on the remaining $4.2 million. Interest expense recognized on the subordinated notes for the three and twelve months ended December 31, 2025, was $201 thousand and $426 thousand, respectively. In addition to these borrowings, CCB had an outstanding borrowing from the FHLB of $15 million which was paid in full in August 2025. Interest expense on this borrowing was $50 thousand during 2025. Repurchase Agreements The Bank 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 totaling $97.9 million and $22.1 million at December 31, 2025, and December 31, 2024, respectively, are secured by U.S. Government agency securities with a carrying amount of $112.1 million and $38.5 million at December 31, 2025 and December 31, 2024, respectively. The increase in repurchase agreements is mostly related to the acquisition of CCB. CCB maintained reciprocal deposits with several customers. During July 2025 we converted these reciprocal deposits to repurchase agreements. Interest expense recognized on repurchase agreements for the three and twelve-months ended December 31, 2025, was $429 thousand and $776 thousand, respectively. This compares to interest of $10 thousand and $36 thousand during the three and twelve months ended December 31, 2024. Shareholders’ Equity Shareholders’ equity increased by $83 million from $178 million at December 31, 2024 to $261 million at December 31, 2025. The $83 million increase includes earnings during the twelve-month period of $29.6 million, common stock and stock options issued in the acquisition of Cornerstone totaling $45.2 million, a decrease in other comprehensive loss of $14.7 million and restricted stock and stock option activity totaling $1.4 million. These items were partially offset by the payment of cash dividends totaling $7.7 million. 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 lines of credit. The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $400 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $659 million. Based on its current level of FHLB stock holdings the Company can borrow up to $326 million. To borrow the full $400 million in available credit the Company would need to purchase $2 million in additional FHLB stock. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At December 31, 2025, the Company could borrow up to $39 million at the Discount Window secured by investment securities with a fair value of $41 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 December 31, 2025 and 2024. The Company estimates that it has approximately $720 million in uninsured deposits. Of this amount, $186 million represents deposits that are collateralized such as deposits of states, municipalities, and tribal accounts. Customer deposits are the Company’s primary source of funds. Total deposits increased by $439 million from $1.4 billion at December 31, 2024, to $1.8 billion at December 31, 2025. Deposits are held in various forms with varying maturities. The Company’s securities portfolio, Federal funds sold, 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 Federal Reserve Bank of San Francisco, Federal funds sold 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 foreseeable future. Net Interest Income and Net Interest Margin Three months ended December 31, 2025 Net interest income was $25.9 million for the three months ended December 31, 2025, an increase of $6.9 million from the same period in 2024. The increase in net interest income includes an increase of $9.3 million in interest income, partially offset by an increase of $2.4 million in interest expense. Interest and fees on loans increased by $8.4 million related to growth in the loan portfolio, mostly related to the acquisition of CCB and to a much lesser extent an increase in yield. Average loan balances increased by $482 million, while the average yield on loans increased by 22 basis points from 6.22% during the fourth quarter of 2024 to 6.44% during the current quarter. The increase in loan yield includes an increase in SBA fixed rate loans, which currently have a weighted average rate of 8.0%, the repricing of loans that are priced off the 5-year Treasury and a decline in our lower yielding auto loan portfolio. Loans that are priced off the 5-year Treasury are primarily commercial real estate loans; their rate is adjusted every five years. Interest on investment securities increased by $1.1 million as yield on these securities increased by 64 basis points to 4.61% and the average balance increased by $30 million from $448 million during the three months ended December 31, 2024, to $478 million during the current quarter. Most of the increase in yield relates to the accretion of a discount on an investment security that prepaid. This repayment resulted in the recognition of $635 thousand in unamortized discount in the current quarter. Interest on cash balances decreased by $147 thousand related to a decline in average rate paid on cash balances of 87 basis points from 4.89% during the fourth quarter of 2024 to 4.02% during the current quarter. This decline in yield was related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 4.72% during the fourth quarter of 2024 to 3.92% during the current quarter. Interest expense increased by $2.4 million to $4.8 million, mostly related to the acquisition of Cornerstone. The average rate paid on interest bearing liabilities increased from 1.27% during the 2024 quarter to 1.72% during the three months ended December 31, 2025. Interest paid on deposits increased by $2.1 million which is broken down by product type as follows: money market accounts - $1.2 million, savings deposits - $81 thousand and time deposits - $861 thousand. The average balance of money market accounts during the current quarter was $448 million, an increase of $193 million from $255 million during the three months ended December 31, 2024. The average rate paid on money market accounts increased 40 basis points to 1.91%. The increase is primarily related to higher rate money market accounts acquired in the acquisition of CCB. The increase in interest on savings accounts was driven by an increase in the average rate paid of 10 basis points to 32 basis points. The increase in interest on time deposits includes an increase in average balance of $113 million and an increase in average rate paid of 10 basis points to 2.92%. The increase in the average balance of time deposits mostly relates to the acquisition of CCB. The average rate paid on interest-bearing deposits increased from 1.10% during the fourth quarter of 2024 to 1.62% during the current quarter. The average balance of interest-bearing deposits increased from $668 million during the three months ended December 31, 2024, to $971 million during the current quarter. During 2024 Plumas Bank had borrowings under the Bank Term Funding Program (BTFP) which averaged $83 million for the twelve months ended December 31, 2025. All BTFP borrowings were paid off during 2024. Interest expense recognized on BTFP borrowings for the three and twelve months ended December 31, 2024 totaled $303 thousand and $4.0 million, respectively. Interest on repurchase agreements and borrowings, exclusive of the BTFP, increased by $604 thousand from $173 thousand during the three months ended December 31, 2024 to $777 thousand during the current quarter. Net interest margin for the three months ended December 31, 2025, was 5.0%, up from 4.90% for the same period in 2024. Year ended December 31, 2025 Net interest income was $87.8 million for the year ended December 31, 2025, an increase of $14.1 million from the same period in 2024. The increase in net interest income includes an increase of $17.3 million in interest income partially offset by an increase of $3.2 million in interest expense. Interest and fees on loans increased by $17.4 million, mostly related to an increase in average balance. The average balance of loans during the year ended December 31, 2025, was $1.3 billion, an increase of $263 million from $989 million during the same period in 2024. The average yield on loans increased by 9 basis points from 6.21% during 2024 to 6.30% during 2025. Interest on investment securities increased by $1.6 million related to an increase in yield of 29 basis points to 4.22%. The increase in investment yields is consistent with market rate trends, the partial restructuring of the investment portfolio in February of 2024 and again in December, 2025 and the increase in accretion of discount as discussed earlier. Average investment securities increased from $455 million during the year ended December 31, 2024, to $462 million during the current period. Interest on cash balances declined by $1.7 million, related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 100 basis points to 4.36% and the average balance declined from $93.1 million during 2024 to $72.1 million during 2025. The decline in rate is consistent with the decline in rate earned on FRB balances. The average rate earned on FRB balances declined from 5.21% during 2024 to 4.27% during 2025. Related to an increase in interest bearing deposits, an increase in the cost of these deposits and the acquisition of CCB partially offset by a $4.0 million decline in interest on BTFP borrowings, interest expense increased by $3.2 million to $13.9 during the year ended December 31, 2025. The average rate paid on interest bearing liabilities increased from 1.39% during 2024 to 1.52% during 2025. Interest paid on deposits increased by $6.1 million and is broken down by product type as follows: money market accounts - $4.6 million, savings deposits - $302 thousand and time deposits - $1.2 million. The average rate paid on interest-bearing deposits increased from 0.92% during 2024, to 1.43% during 2025. Average interest-bearing deposits totaled $840 million during the year ended December 31, 2025, an increase of $194 million from $646 million during the year ended December 31, 2024. Net interest margin for the year ended December 31, 2025, increased 12 basis points to 4.91%, up from 4.79% for the same period in 2024. Non-Interest Income/Expense Three months ended December 31, 2025 Non-interest income totaled $2.7 million an increase of $503 thousand from the fourth quarter of 2024. The two largest increases were a $5.5 million gain on sale of two administration facilities and a $158 thousand increase in earnings on bank owned life insurance (BOLI). On November 19, 2025, Plumas Bank completed the sale of two administrative offices in Quincy (the “Properties). Concurrently with the closing of the sale, Plumas Bank entered into triple net lease agreements pursuant to which the Bank leased back the Properties sold. The Lease Agreements have an initial term of 15 years with three five-year renewal options. The Lease Agreements provide for annual rent of approximately $463,000 in the aggregate for both Properties, increasing by three percent per annum each year. This gain was offset by a partial restructuring of our investment portfolio which resulted in a $5.4 million loss on sales of investment securities. The additional income resulting from the restructuring more than offsets the additional rent expense. The increase in earnings on BOLI relates to BOLI acquired on the acquisition of CCB. During the three months ended December 31, 2025, total non-interest expense increased by $3.6 million from $10.7 million during the fourth quarter of 2024 to $14.3 million during the current quarter. The largest components of this increase were salary and benefit expense of $1.6 million, occupancy and equipment expenses of $638 thousand, amortization of Core Deposit Intangible of $550 thousand and outside service fees of $461 thousand. The increase in salary and benefit expense includes an increase in salary expense of $1.3 million mostly related to former CCB employees. Other significant increases in salary and benefits include $365 thousand in bonus expense and $84 thousand in commissions related to an increase in SBA loan fundings. Other large increases in non-interest expense largely relate to the acquisition of CCB. Year ended December 31, 2025 During the year ended December 31, 2025, non-interest income totaled $10.5 million, an increase of $1.7 million from the year ended December 31, 2024. The largest components of this increase were a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021 and an increase in earnings on BOLI of $332 thousand. A $14.3 million reduction in gain on sale of buildings related to our 2024 sales/lease back transaction was mostly offset by a $14.0 million reduction in loss on sale of investment securities related to the 2024 partial restructuring of our investment portfolio following the 2024 sales/lease back transaction. Loss on sale of investments securities during 2025 consisted of the December 2025 partial restructuring of the investment portfolio discussed earlier, and a $628 thousand loss generated on the disposition of CCB’s investment portfolio during the third quarter of 2025. During the year ended December 31, 2025, total non-interest expense increased by $9.6 million from $42.3 million during the year ended December 31, 2024, to $51.9 million during the current period. The largest components of this increase were salary and benefit expenses of $4.3 million, merger related expenses of $2.0 million, occupancy and equipment expenses of $1.5 million and amortization of Core Deposit Intangible of $1.1 million. The increase in salary and benefit expense included an increase in salary expense of $3.0 million primarily related to the acquisition of CCB and to a lesser extent merit and promotional salary increases. Other significant increases in salary and benefit expense were $934 thousand in bonus expense, $256 thousand in health insurance costs and $269 thousand in payroll taxes. The increase in occupancy and equipment expenses mostly relates to the acquisition of CCB. Provision for Income Taxes During the fourth quarter of 2025 Plumas Bank purchased $10 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 $700 thousand 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 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 [email protected] NON-GAAP FINANCIAL MEASURES In addition to results presented in accordance with generally accepted accounting principles in the United States of America (GAAP), this press release contains certain non-GAAP financial measures. Management has presented these non-GAAP financial measures in this press release because it believes that they provide useful and comparative information to assess trends in the Company's core operations reflected in the current quarter's results and facilitate the comparison of our performance with the performance of our peers. However, these non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP.