PLBC

Plumas Bancorp just posted its Q3 2026 scorecard and the stock barely blinked, edging up around 0.5% in early Thursday trade. That muted move sits against a far louder message in the numbers. Basic earnings per share came in at US$1.64 and net income reached US$11.39 million, both solid figures for a regional lender that already carried a 59.4% trailing earnings lift over the past year. The emotional read is simple. Traders are treating this as business as usual, while the profitability trend suggests something more material is quietly building underneath. Like the consistency Plumas Bancorp is putting up but want a wider bench of similar regional players to compare it against? Check out our screener of list of solid balance sheet and fundamentals stocks (25 results) to see how PLBC stacks up on quality and resilience. - Total Revenue (Q3 2026 vs. Q3 2025): US$29.177 million vs. US$27.372 million (up about 6.6%) - Net Income (Excl. Extra Items, Q3 2026 vs. Q3 2025): US$11.386 million vs. US$5.146 million (up about 121.3%) - Basic EPS (Q3 2026 vs. Q3 2025): US$1.64 vs. US$0.74 (up about 121.4%) - Net Interest Margin (Q3 2026 vs. Q3 2025): 5.13% vs. 4.83% (reflecting a higher net interest spread on the loan book) Ask Charlie what Plumas Bancorp's valuation gap really implies. For anyone leaning positive on Plumas Bancorp, the latest quarter gives some support. Revenue moved to US$29.177 million and net income reached US$11.386 million, while basic EPS printed at US$1.64. A net interest margin of 5.13% suggests the community banking model is still earning a healthy spread. The share price reaction, up about 0.5% today and modestly higher over 7, 30 and 90 days, looks consistent with a franchise that investors already view as solid rather than broken. Bears looking for immediate cracks in Plumas Bancorp will not find an obvious one in these numbers. Profitability metrics and net interest margin both point to a business that is currently earning well on its loan book. The muted share move signals that the market is not ignoring risk around regional exposure or credit cycles. It also suggests those worries are not intensifying based on this quarter alone, at least for now. Access the analyst estimates for Plumas Bancorp to see where the consensus models start to disagree on Plumas Bancorp's earnings curve and whether the current calm share price is masking a sharper multi year inflection point. Plumas Bancorp just showed how a steady report can draw a calm price reaction. The real opportunity sits in tracking stocks that could be undervalued before the gap closes. - Company 1 - 44% below our estimate - uses a deep relationship-focused banker bench to attract lending teams and clients around a pending merger. - Company 2 - 47% below our estimate - converts a substantial backlog of data center and modular projects into higher margin work tied to AI-related buildouts. - Company 3 - 30% below our estimate - supplies full stack accelerated computing platforms that major cloud customers rely on for AI infrastructure deployments. That is three of the list. See the full list of 33 companies trading below our fair value estimates → This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PLBC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

RENO, Nev., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC) referred to herein as the 'Company', the parent company of Plumas Bank, today announced record earnings during the third quarter of 2026 of $11.4 million, or $1.64 per share, an increase of $6.2 million from $5.1 million or $0.74 per share, during the third quarter of 2025. Diluted earnings per share increased to $1.61 per share during the three months ended September 30, 2026, up from $0.73 per share during the quarter ended September 30, 2025. Return on average assets was 1.98% during the current quarter, up from 0.90% during the third quarter of 2025. Return on average equity increased to 16.7% during the current quarter, up from 8.5% during the third quarter of 2025. Net interest income increased by $1.3 million from $25.2 million during the three months ended September 30, 2025, to $26.5 million during the current quarter. The provision for credit losses decreased from $5.4 million during the third quarter of 2025 to $150 thousand during the current quarter. Non-interest income increased by $538 thousand from $2.2 million during the three months ended September 30, 2025, to $2.8 million during the third quarter of 2026. Non-interest expense was flat compared to the third quarter of 2025 at $15.1 million. The provision for income taxes increased $877 thousand to $2.6 million during the current quarter from $1.8 million during the third quarter of 2025, due to higher pre-tax earnings. The effective tax rate declined to 18.9% from 25.6% in the prior-year quarter, related to the purchase of $14.5 million in green energy tax credits. For the nine months ended September 30, 2026, the Company reported net income of $31.1 million or $4.46 per share, an increase of $12.5 million from $18.6 million or $2.98 per share earned during the nine months ended September 30, 2025. Earnings per diluted share increased to $4.40 during the nine months ended September 30, 2026, up $1.46 from $2.94 during the first nine months of 2025. Return on average assets was 1.85% during the nine months ended September 30, 2026, up from 1.35% during the first nine months of 2025. Return on average equity increased to 15.5% for the nine months ended September 30, 2026, up from 12.2% during the first nine months of 2025. Net interest income increased by $15.8 million from $61.9 million during the nine months ended September 30, 2025, to $77.7 million during the current period. The provision for credit losses decreased from $6.5 million during the first nine months of 2025 to $420 thousand during the current period. Non-interest income increased by $713 thousand from $7.8 million during the nine months ended September 30, 2025, to $8.5 million during the first nine months of 2026. Non-interest expense increased by $7.3 million from $37.6 million during the first nine months of 2025 to $44.9 million during the current period. The provision for income taxes increased by $2.8 million from $7.0 million, or 27.2% of pre-tax income, during the nine months ended September 30, 2025, to $9.8 million, or 23.9% of pre-tax income, during the current period. Certain comparisons to prior-year periods are impacted by the acquisition of Cornerstone Community Bancorp ("Cornerstone") on July 1, 2025, as 2026 year-to-date results reflect a full period of combined operations while 2025 year-to-date results reflect only three months of combined operations. President's Comments Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp, commented, "Our lower-cost relationship-based deposit franchise and enhanced loan yield supported profitability during the third quarter, with continued loan repricing helping to maintain strong net interest margin. Profitability was further supported by the execution of another green energy tax credit investment that reduced income tax expense by offsetting current and prior-year taxes. Loan balances remained relatively consistent during the quarter, due in part to the continued planned runoff of our lower-yielding indirect auto portfolio. Asset quality slightly improved during the quarter, and we continue to work toward favorable resolutions with the same relationships. Our strong capital position and experienced team provide us with the flexibility to navigate changing economic conditions, return capital through share repurchases, support our clients and communities, and continue building long-term value for our shareholders." Loans, Deposits, Investments and Cash Gross loans were $1.5 billion at September 30, 2026 and 2025. Increases in loans included $35 million in commercial real estate loans, $5 million in construction loans, and $1 million in equity lines. These increases were offset by a decrease of $20 million in automobile loans, $15 million in agricultural loans, $4 million in other loans, and $2 million in commercial loans. At September 30, 2026, approximately 79% of the Company's loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company's lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. Repricing frequencies on variable rate loans range from one day to several years, with the majority of commercial real estate loans repricing every five years. Approximately 78% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 19% of the Company's variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate. Total deposits increased by $47 million, or 2.6% from $1.8 billion at September 30, 2025, to $1.9 billion at September 30, 2026. The increase in deposits includes increases of $38 million in money market accounts and $22 million in time deposits that were partially offset by decreases of $11 million in savings deposits and $2 million in non-interest-bearing demand deposits. At September 30, 2026, 46% of the Company's deposits were in the form of non-interest-bearing demand deposits. The Company's brokered deposits consisted of a single $10 million time deposit acquired from Cornerstone, bearing an interest rate of 3.80%. Total investment securities decreased by $10 million from $485 million at September 30, 2025, to $475 million at September 30, 2026. Contributing to this decrease was a $21 million increase in the unrealized loss position, from $23 million at September 30, 2025, to $44 million at September 30, 2026. The Company's investment security portfolio consists of debt securities issued by U.S. Government agencies, U.S. Government sponsored agencies and municipalities. Primarily related to the increase in deposits and cash flow from operations, cash and due from banks increased by $27 million from $87 million at September 30, 2025, to $114 million at September 30, 2026. Asset Quality Nonperforming assets (which are comprised of nonperforming loans, other real estate owned ("OREO") and repossessed vehicle holdings) at September 30, 2026, were $21.3 million, up from $15.2 million at September 30, 2025. Nonperforming assets as a percentage of total assets increased to 0.94% at September 30, 2026, up from 0.68% at September 30, 2025. OREO increased by $21 thousand from $114 thousand at September 30, 2025, to $135 thousand at September 30, 2026. Nonperforming loans were $21.1 million at September 30, 2026, and $15.0 million at September 30, 2025. Nonperforming loans as a percentage of total loans increased to 1.41% at September 30, 2026, up from 1.0% at September 30, 2025. During the nine months of 2026 the provision for credit losses totaled $420 thousand consisting of a provision for credit losses on loans of $350 thousand and an increase in the reserve for unfunded commitments of $70 thousand. This compares to a provision for credit losses of $6.5 million consisting of a provision for credit losses on loans of $6.3 million and an increase in the reserve for unfunded commitments of $211 thousand during the nine months ended September 30, 2025. The higher provision recorded during 2025 was primarily attributable to the Day 1 CECL provision on non-PCD loans and to a lesser extent the establishment of a reserve for unfunded commitments acquired in the Cornerstone Community Bancorp acquisition. Net charge-offs totaled $567 thousand and $219 thousand during the nine months ended September 30, 2026 and 2025, respectively. The allowance for credit losses totaled $19.7 million at September 30, 2026, and $19.6 million at September 30, 2025. The allowance for credit losses as a percentage of total loans was 1.32% and 1.30% at September 30, 2026 and 2025. The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the nine months ended September 30, 2026 and 2025 (in thousands). Allowance for Credit Losses | | September 30, 2026 | | September 30, 2025 Balance, beginning of period | | $ | 19,959 | | $ | 13,196 CECL Day 1 provision on acquired non-PCD loans | | | - | | | 4,972 Provision charged to operations | | | 350 | | | 1,300 Reserve on PCD loans | | | - | | | 315 Losses charged to allowance | | | (881) | | | (730) Recoveries | | | 314 | | | 511 Balance, end of period | | $ | 19,742 | | $ | 19,564 Reserve for Unfunded Commitments | | September 30, 2026 | | September 30, 2025 Balance, beginning of period | | $ | 580 | | $ | 620 Provision on acquired loans | | | - | | | 351 Provision charged to operations | | | 70 | | | (140) Balance, end of period | | $ | 650 | | $ | 831 Borrowing and Repurchase Agreements Short-term Borrowing Arrangements. The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $451 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $719 million. Based on its current level of FHLB stock holdings the Company can borrow up to $326 million. To borrow the full $451 million in available credit the Company would need to purchase $3 million in additional FHLB stock. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At September 30, 2026, the Company could borrow up to $55 million at the Discount Window secured by investment securities with a fair value of $57 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at September 30, 2026 and 2025. Note Payable. Plumas Bancorp had outstanding borrowings of $14.3 million with a correspondent bank at September 30, 2026. This loan matures on January 25, 2035, and can be prepaid at any time. This borrowing bears interest at a fixed rate of 3.85% for the first 5 years and then beginning January 25, 2027, at a floating interest rate linked to WSJ Prime Rate for the remaining eight-year term. Interest expense recognized on this loan for the nine months ended September 30, 2026 and 2025, was $418 thousand and $438 thousand, respectively. Subordinated Debentures. In connection with the acquisition of Cornerstone, the Company assumed $12 million of subordinated debentures, including $2 million of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2035 (the "2035 Notes"). The 2035 Notes, which were issued in 2020, have a fixed interest rate of 4.75% for the first ten years and thereafter a quarterly variable interest rate equal to the then current three-month term Secured Overnight Financing Rate ("SOFR") plus 4.14%. The remaining subordinated notes were called in 2025 and are no longer outstanding. Interest expense recognized on the subordinated notes for the nine months ended September 30, 2026 and 2025, was $133 thousand and $225 thousand, respectively. Repurchase Agreements. The Company offers a repurchase agreement product for its larger customers which use securities sold under agreements to repurchase as an alternative to interest-bearing deposits. Securities sold under agreements to repurchase totaled $62 million and $94 million at September 30, 2026 and 2025, respectively. Repurchase agreement balances at September 30, 2025 reflected accounts acquired in the Cornerstone Community Bancorp acquisition, approximately $41 million of which were subsequently reclassified to money market deposits during 2026. The balances at September 30, 2026, are secured by U.S. Government agency securities with a carrying amount of $89 million. Interest expense recognized on repurchase agreements for the nine months ended September 30, 2026 and 2025, was $968 thousand and $347 thousand, respectively. Liquidity The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers' borrowing needs and satisfy maturities of short-term borrowings. The Company's liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines. At September 30, 2026, the Company had $576 million of available borrowing capacity through a combination of FHLB advances, the FRB Discount Window and correspondent bank lines. Customer deposits are the Company's primary source of funds. Total deposits increased by $47 million from $1.8 billion at September 30, 2025, to $1.9 billion at September 30, 2026. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $789 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $209 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts. The Company's securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company's available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future. Shareholders' Equity Total shareholders' equity increased by $16.5 million from $246.0 million at September 30, 2025, to $262.5 million at September 30, 2026. The $16.5 million includes earnings during the twelve-month period totaling $42.1 million and restricted stock and stock option activity totaling $2.4 million. These items were partially offset by an increase in accumulated other comprehensive loss of $14.8 million, the payment of cash dividends totaling $9.0 million and the purchase of approximately 80 thousand shares of common stock under the Company's share repurchase plan totaling $4.2 million. Net Interest Income and Net Interest Margin – Three Months Ended September 30, 2026 Net interest income increased by $1.3 million from $25.2 million during the three months ended September 30, 2025, to $26.5 million for the three months ended September 30, 2026. The increase in net interest income reflects an increase of $1.3 million in interest income and a $113 thousand decrease in interest expense. Interest and fees on loans increased by $1.2 million to $24.8 million related to an increase in average balance and an increase in yield. Average loan balances increased by $26 million, while the average yield on these loans increased by 21 basis points from 6.35% during the third quarter of 2025 to 6.56% during the current quarter. The increase in yield relates to several factors including the amortization of discount on purchased loans, the repricing of a portion of our commercial real estate loans most of which reprice every five years from the date of origination, and growth in fixed rate SBA loans which totaled $132 million at September 30, 2026, and $94 million at September 30, 2025. The weighted average rate earned on this portfolio at September 30, 2026, was 8.0%. The average prime interest rate decreased from 7.46% during the third quarter of 2025 to 6.79% during the current quarter. Loans indexed to the prime interest rate were approximately 19% of the Company's variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate. Interest earned on investment securities increased by $283 thousand related to an increase in yield on investment securities of 29 basis points to 4.35% partially offset by a decrease in average balance of $6 million. The increase in investment yields is consistent with the partial restructuring of the investment portfolio during the fourth quarter of 2025 and market conditions. Average investment securities decreased from $482 million during the three months ended September 30, 2025 to $476 million during the current period. Interest earned on cash balances decreased by $224 thousand related to a decrease in average balance of $2 million and a decrease in average rate earned on cash balances of 74 basis points from 4.50% during the third quarter of 2025 to 3.8% during the current quarter. This decline in yield was mostly related to a decline in rate earned on balances held at the FRB. The average rate earned on FRB balances decreased from 4.36% during the third quarter of 2025 to 3.69% during the current quarter. Interest expense on deposits increased by $197 thousand related to an increase of $24.6 million in average balance of interest-bearing deposits and a 4 basis point increase in the average rate paid on interest-bearing deposits. The average rate paid on interest-bearing deposits increased from 1.56% during the third quarter of 2025 to 1.60% during the current quarter, primarily due to an increase in the average rate paid on time deposits from 1.87% in the third quarter of 2025 to 2.77% during the current quarter. These increases were partially offset by a decrease in the average rate paid on money market deposits from 2.22% in the third quarter of 2025 to 1.79% during the current quarter. The average rate paid on interest-bearing liabilities decreased from 1.67% during the third quarter of 2025 to 1.63% during the current quarter, as the increase in the average rate paid on interest-bearing deposits was more than offset by decreases in the average rates paid on repurchase agreements and borrowings. The average rate paid on repurchase agreements decreased from 1.69% during the third quarter of 2025 to 1.54% during the current quarter. The average rate paid on borrowings decreased from 5.20% during the third quarter of 2025 to 4.38% during the current quarter. Net interest margin for the three months ended September 30, 2026, increased 22 basis points to 5.05%, up from 4.83% for the same period in 2025. Net Interest Income and Net Interest Margin – Nine Months Ended September 30, 2026 Net interest income for the nine months ended September 30, 2026 was $77.7 million, an increase of $15.8 million from the $61.9 million earned during the same period in 2025. The increase in net interest income includes an increase of $19.8 million in interest income partially offset by an increase of $4.0 million in interest expense. Interest and fees on loans increased by $18.9 million related to increases in average balance and yield. The average balance of loans during the nine months ended September 30, 2026 was $1.5 billion, an increase of $333 million from $1.2 billion during the same period in 2025. Average loan balances during the first nine months of 2026 reflect a full period of loans acquired in the Cornerstone Community Bancorp acquisition, while the comparable 2025 period reflects only a partial period following the acquisition. The average yield on loans increased by 30 basis points from 6.24% during the first nine months of 2025 to 6.54% during the current period. Interest on investment securities increased by $1.3 million related to an increase in yield of 22 basis points to 4.30% and an increase in average balance of $16 million to $472 million. The increase in investment yield is consistent with the partial restructuring of the investment portfolio during the fourth quarter of 2025 and market conditions. Interest on cash balances declined by $419 thousand due to decreases in both average balance and yield. The rate earned on cash balances declined by 74 basis points to 3.76%. The average balance in interest-bearing cash declined by $798 thousand to $71.4 million. Primarily related to an increase in balance and rate paid on deposits and repurchase agreements, interest expense increased from $9.1 million during the nine months ended September 30, 2025 to $13.1 million during the current period. The average rate paid on interest-bearing liabilities increased from 1.43% during the 2025 period to 1.62% in 2026. Interest expense on deposits increased by $3.5 million and is broken down by product type as follows: money market accounts - $1.2 million, savings deposits - $91 thousand and time deposits - $2.2 million. The average rate paid on interest-bearing deposits increased from 1.35% during the nine months ended September 30, 2025 to 1.57% during the current period. Average interest-bearing deposits totaled $986 million for the first nine months of 2026, an increase of $190 million from $796 million during the first nine months of 2025. Average interest-bearing deposit balances for the first nine months of 2026 reflect a full period of deposits acquired in the Cornerstone Community Bancorp acquisition, while the comparable 2025 period reflects only a partial period following the acquisition. Interest expense on repurchase agreements increased by $621 thousand related to an increase in average balance of $41.7 million and an increase in rate paid of 40 basis points. The increase in average balances was primarily attributable to repurchase agreements acquired in the Cornerstone acquisition. Net interest margin for the nine months ended September 30, 2026 increased 20 basis points to 5.07%, up from 4.87% for the same period in 2025. Non-Interest Income/Expense – Three Months Ended September 30, 2026 During the three months ended September 30, 2026, non-interest income totaled $2.8 million, an increase of $538 thousand from the three months ended September 30, 2025. The increase was primarily driven by the absence of a $628 thousand loss on the sale of investment securities recognized in the prior-year quarter. During the three months ended September 30, 2026, non-interest expense totaled $15.1 million, an increase of $11 thousand from the three months ended September 30, 2025. The four largest increases were $341 thousand in professional fees, $272 thousand in occupancy and equipment, $222 thousand in salaries and employee benefits, and $178 thousand in loan collection expenses. The largest reduction in non-interest expense was $879 thousand in merger expenses incurred during the third quarter of 2025. Management estimates that approximately $350 thousand of the professional fees and loan collection expenses recognized during the current quarter were nonrecurring in nature. Non-Interest Income/Expense – Nine Months Ended September 30, 2026 During the nine months ended September 30, 2026, non-interest income totaled $8.5 million, an increase of $713 thousand from the nine months ended September 30, 2025. The increase was primarily attributable to the absence of a $625 thousand loss on the sale of investment securities during the nine months ended September 30, 2025. Increases in non-interest income during the current period were $342 thousand in earnings on life insurance policies, $296 thousand in FHLB dividends, and $253 thousand in interchange income. Each of these items benefited from the acquisition of Cornerstone. These increases were mostly offset by a $1.1 million settlement related to the Dixie Fire during the first quarter of 2025. Non-interest expense increased by $7.3 million from $37.6 million during the first nine months of 2025 to $44.9 million during the current period. The four largest increases were $4.0 million in salary and benefit expense, $1.5 million in occupancy and equipment expense, $1.0 million in amortization of core deposit intangible and $644 thousand in professional fees. Salary and benefit expense totaled $22.9 million during the current nine-month period and $18.9 million during the nine months ended September 30, 2025. The $4.0 million increase primarily related to the addition of personnel through the Cornerstone Community Bancorp acquisition. Related to an increase in pre-tax income, bonus expense increased by $626 thousand. Primarily related to the acquisition of Cornerstone and to a lesser extent the sales/leaseback completed during the fourth quarter of 2025, occupancy and equipment expenses increased by $1.5 million from $6.5 million during the first nine months of 2025 to $8 million during the current period. Amortization of Core Deposit Intangible increased by $1 million related to the acquisition of Cornerstone. Other expense increased by $603 thousand primarily related to a $726 thousand loss associated with two fraudulent wire transfers during the first quarter of 2026. The largest reduction in non-interest expense was $1.9 million in merger expenses incurred during the first nine months of 2025. Provision for Income Taxes During the third quarter of 2026, Plumas Bank purchased $14.5 million in green energy tax credits as part of its ongoing commitment to sustainability and responsible financial management. As a result of this transaction, the Company recorded a $1.2 million reduction in its provision for income taxes. Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp's principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The Bank operates eighteen branches: sixteen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter, and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com. This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies. Contact: Jamie Huynh Investor Relations Plumas Bancorp 5525 Kietzke Lane Ste. 100 Reno, NV 89511 775.786.0907 x8908 [email protected] PLUMAS BANCORP CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) | | As of September 30, | | | | 2026 | | 2025 | | Dollar Change | | Percentage Change ASSETS | | | | | | | | Cash and due from banks | | $ | 114,360 | | $ | 87,279 | | $ | 27,081 | | 31.0% Investment securities | | 475,168 | | 484,686 | | (9,518) | | (2.0)% Loans, net of allowance for credit losses | | 1,479,755 | | 1,480,415 | | (660) | | 0.0% Premises and equipment, net | | 23,436 | | 24,983 | | (1,547) | | (6.2)% Right-of-use assets | | 27,549 | | 23,937 | | 3,612 | | 15.1% Bank owned life insurance | | 34,479 | | 33,396 | | 1,083 | | 3.2% Core deposit intangible | | 9,402 | | 11,668 | | (2,266) | | (19.4)% Goodwill | | 24,215 | | 24,215 | | - | | 0.0% Accrued interest receivable and other assets | | 77,932 | | 58,829 | | 19,103 | | 32.5% Total assets | | $ | 2,266,296 | | $ | 2,229,408 | | $ | 36,888 | | 1.7% | | | | | | | | LIABILITIES AND | | | | | | | | SHAREHOLDERS' EQUITY | | Deposits | | $ | 1,866,643 | | $ | 1,819,536 | | $ | 47,107 | | 2.6% Repurchase agreements | | 62,191 | | 96,862 | | (34,671) | | (35.8)% Lease liabilities | | 28,063 | | 24,631 | | 3,432 | | 13.9% Accrued interest payable and other liabilities | | 30,903 | | 15,724 | | 15,179 | | 96.5% Borrowings | | 16,045 | | 26,705 | | (10,660) | | (39.9)% Total liabilities | | 2,003,845 | | 1,983,458 | | 20,387 | | 1.0% Common stock | | 73,604 | | 75,426 | | (1,822) | | (2.4)% Retained earnings | | 220,103 | | 187,015 | | 33,088 | | 17.7% Accumulated other comprehensive loss, net | | (31,256) | | (16,491) | | (14,765) | | (89.5)% Shareholders' equity | | 262,451 | | 245,950 | | 16,501 | | 6.7% Total liabilities and shareholders' equity | | $ | 2,266,296 | | $ | 2,229,408 | | $ | 36,888 | | 1.7% | | | | | | | | | | | | | | | | PLUMAS BANCORP CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited) | | | | | | | | FOR THE THREE MONTHS ENDED SEPTEMBER 30, | | 2026 | | 2025 | | Dollar Change | | Percentage Change | | | | | | | | Interest income | | $ | 31,051 | | $ | 29,797 | | $ | 1,254 | | 4.2% Interest expense | | 4,510 | | 4,623 | | (113) | | (2.4)% Net interest income before provision for credit losses | | 26,541 | | 25,174 | | 1,367 | | 5.4% Provision for credit losses | | 150 | | 5,373 | | (5,223) | | (97.2)% Net interest income after provision for credit losses | | 26,391 | | 19,801 | | 6,590 | | 33.3% Non-interest income | | 2,786 | | 2,248 | | 538 | | 23.9% Non-interest expense | | 15,145 | | 15,134 | | 11 | | 0.1% Income before income taxes | | 14,032 | | 6,915 | | 7,117 | | 102.9% Provision for income taxes | | 2,646 | | 1,769 | | 877 | | 49.6% Net income | | $ | 11,386 | | $ | 5,146 | | $ | 6,240 | | 121.3% | | | | | | | | Basic earnings per share | | $ | 1.64 | | $ | 0.74 | | $ | 0.90 | | 121.6% Diluted earnings per share | | $ | 1.61 | | $ | 0.73 | | $ | 0.88 | | 120.5% | | | | | | | | PLUMAS BANCORP CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited) | | | | | | Dollar | | Percentage FOR THE NINE MONTHS ENDED SEPTEMBER 30, | | 2026 | | 2025 | | Dollar Change | | Percentage Change | | | | | | | | Interest income | | $ | 90,777 | | $ | 71,020 | | $ | 19,757 | | 27.8% Interest expense | | 13,091 | | 9,124 | | 3,967 | | 43.5% Net interest income before provision for credit losses | | 77,686 | | 61,896 | | 15,790 | | 25.5% Provision for credit losses | | 420 | | 6,483 | | (6,063) | | (93.5)% Net interest income after provision for credit losses | | 77,266 | | 55,413 | | 21,853 | | 39.4% Non-interest income | | 8,535 | | 7,822 | | 713 | | 9.1% Non-interest expense | | 44,936 | | 37,612 | | 7,324 | | 19.5% Income before income taxes | | 40,865 | | 25,623 | | 15,242 | | 59.5% Provision for income taxes | | 9,757 | | 6,977 | | 2,780 | | 39.8% Net income | | $ | 31,108 | | $ | 18,646 | | $ | 12,462 | | 66.8% | | | | | | | | Basic earnings per share | | $ | 4.46 | | $ | 2.98 | | $ | 1.48 | | 49.7% Diluted earnings per share | | $ | 4.40 | | $ | 2.94 | | $ | 1.46 | | 49.7% PLUMAS BANCORP SELECTED FINANCIAL INFORMATION (Dollars in thousands, except per share data) (Unaudited) | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | 9/30/2026 | | 6/30/2026 | | 9/30/2025 | | 9/30/2026 | | 9/30/2025 EARNINGS PER SHARE | | | | | | | | | | Basic earnings per share | | $ | 1.64 | | $ | 1.43 | | $ | 0.74 | | $ | 4.46 | | $ | 2.98 Diluted earnings per share | | $ | 1.61 | | $ | 1.41 | | $ | 0.73 | | $ | 4.40 | | $ | 2.94 Weighted average shares outstanding | | | 6,954 | | | 6,966 | | | 6,947 | | | 6,968 | | | 6,266 Weighted average diluted shares outstanding | | | 7,068 | | | 7,058 | | | 7,031 | | | 7,072 | | | 6,353 Cash dividends paid per share 1 | | $ | 0.33 | | $ | 0.33 | | $ | 0.30 | | $ | 0.99 | | $ | 0.90 | | | | | | | | | | PERFORMANCE RATIOS (annualized for the three months) | | | | | | Return on average assets | | | 1.98% | | | 1.79% | | | 0.90% | | | 1.85% | | | 1.35% Return on average equity | | | 16.7% | | | 15.0% | | | 8.5% | | | 15.5% | | | 12.2% Yield on earning assets | | | 5.91% | | | 5.99% | | | 5.72% | | | 5.93% | | | 5.59% Rate paid on interest-bearing liabilities | | | 1.63% | | | 1.62% | | | 1.67% | | | 1.63% | | | 1.43% Net interest margin | | | 5.05% | | | 5.13% | | | 4.83% | | | 5.07% | | | 4.87% Noninterest income to average assets | | | 0.48% | | | 0.49% | | | 0.39% | | | 0.51% | | | 0.57% Noninterest expense to average assets | | | 2.63% | | | 2.61% | | | 2.65% | | | 2.67% | | | 2.73% Efficiency ratio 2 | | | 51.6% | | | 50.4% | | | 55.2% | | | 52.1% | | | 53.9% | | | | | | | | | | | | 9/30/2026 | | 6/30/2026 | | 9/30/2025 | | 12/31/2025 | | 12/31/2024 CREDIT QUALITY RATIOS AND DATA | | | | | | | | | | Allowance for credit losses | | $ | 19,742 | | $ | 19,740 | | $ | 19,564 | | $ | 19,959 | | $ | 13,196 Allowance for credit losses as a percentage of total loans | | | 1.32% | | | 1.30% | | | 1.30% | | | 1.32% | | | 1.30% Nonperforming loans | | $ | 21,128 | | $ | 23,473 | | $ | 15,029 | | $ | 15,089 | | $ | 4,105 Nonperforming assets | | $ | 21,275 | | $ | 23,633 | | | 15,169 | | $ | 15,321 | | $ | 4,307 Nonperforming loans as a percentage of total loans | | | 1.41% | | | 1.55% | | | 1.00% | | | 1.00% | | | 0.40% Nonperforming assets as a percentage of total assets | | | 0.94% | | | 1.04% | | | 0.68% | | | 0.68% | | | 0.27% Year-to-date net charge-offs | | $ | 567 | | $ | 419 | | $ | 219 | | $ | 442 | | $ | 1,046 Year-to-date net charge-offs as a percentage of average loans (annualized) | | | 0.05% | | | 0.06% | | | 0.03% | | | 0.04% | | | 0.11% | | | | | | | | | | CAPITAL AND OTHER DATA | | | | | | | | | | Common shares outstanding at end of period | | | 6,944 | | | 6,964 | | | 6,952 | | | 6,959 | | | 5,903 Shareholders' equity | | $ | 262,451 | | $ | 272,133 | | $ | 245,950 | | $ | 261,076 | | $ | 177,899 Book value per common share | | $ | 37.80 | | $ | 39.08 | | $ | 35.38 | | $ | 37.52 | | $ | 30.14 Tangible common equity 3 | | $ | 228,834 | | $ | 237,964 | | $ | 210,036 | | $ | 225,760 | | $ | 171,606 Tangible book value per common share 4 | | $ | 32.95 | | $ | 34.17 | | $ | 30.21 | | $ | 32.44 | | $ | 29.07 Tangible common equity to total assets | | | 10.1% | | | 10.4% | | | 9.4% | | | 10.1% | | | 10.6% Gross loans to deposits | | | 80.1% | | | 80.4% | | | 82.4% | | | 83.6% | | | 74.1% | | | | | | | | | | PLUMAS BANK REGULATORY CAPITAL RATIOS | | | | | | | | Tier 1 Leverage Ratio | | | 11.9% | | | 11.8% | | | 10.6% | | | 11.1% | | | 11.9% Common Equity Tier 1 Ratio | | | 16.4% | | | 15.8% | | | 14.3% | | | 14.8% | | | 17.3% Tier 1 Risk-Based Capital Ratio | | | 16.4% | | | 15.8% | | | 14.3% | | | 14.8% | | | 17.3% Total Risk-Based Capital Ratio | | | 17.6% | | | 17.0% | | | 15.5% | | | 16.0% | | | 18.5% (1) The Company paid a quarterly cash dividend of $0.33 per share on February 18, 2026, May 15, 2026 and August 17, 2026 and a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025, August 15, 2025 and November 17, 2025 and paid a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024. (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income). (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill. (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding. PLUMAS BANCORP SELECTED FINANCIAL INFORMATION (Dollars in thousands) (Unaudited) | | | | | | | | | | | | The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders' equity. | | | | | | | | | | | | | | For the Three Months Ended | | For the Three Months Ended | | 9/30/2026 | | 9/30/2025 | | Average | | | | Yield/ | | Average | | | | Yield/ | | Balance | | Interest | | Rate | | Balance | | Interest | | Rate Interest-earning assets: | | | | | | | | | | | | Loans (2) (3) | | $ | 1,502,337 | | $ | 24,830 | | 6.56% | | $ | 1,476,275 | | $ | 23,635 | | 6.35% Investment securities | | | 401,630 | | | 4,557 | | 4.50% | | | 404,241 | | | 4,293 | | 4.21% Non-taxable investment securities (1) | | | 74,206 | | | 660 | | 3.53% | | | 77,621 | | | 641 | | 3.28% Interest-bearing deposits | | | 105,989 | | | 1,004 | | 3.76% | | | 108,325 | | | 1,228 | | 4.50% Total interest-earning assets | | | 2,084,162 | | | 31,051 | | 5.91% | | | 2,066,462 | | | 29,797 | | 5.72% Cash and due from banks | | | 34,504 | | | | | | | 34,689 | | | | Other assets | | | 163,818 | | | | | | | 166,878 | | | | Total assets | | $ | 2,282,484 | | | | | | $ | 2,268,029 | | | | | | | | | | | | | | | | Interest-bearing liabilities: | | | | | | | | | | | | Money market deposits | | | 471,422 | | | 2,130 | | 1.79% | | | 439,020 | | | 2,462 | | 2.22% Savings deposits | | | 303,041 | | | 278 | | 0.36% | | | 311,258 | | | 290 | | 0.37% Time deposits | | | 239,990 | | | 1,673 | | 2.77% | | | 239,549 | | | 1,132 | | 1.87% Total deposits | | | 1,014,453 | | | 4,081 | | 1.60% | | | 989,827 | | | 3,884 | | 1.56% Repurchase Agreements | | | 65,063 | | | 252 | | 1.54% | | | 74,556 | | | 317 | | 1.69% Borrowings | | | 16,039 | | | 177 | | 4.38% | | | 32,168 | | | 422 | | 5.20% Total interest-bearing liabilities | | | 1,095,555 | | | 4,510 | | 1.63% | | | 1,096,551 | | | 4,623 | | 1.67% Non-interest-bearing deposits | | | 869,316 | | | | | | | 886,592 | | | | Other liabilities | | | 46,529 | | | | | | | 43,524 | | | | Shareholders' equity | | | 271,084 | | | | | | | 241,362 | | | | Total liabilities & equity | | $ | 2,282,484 | | | | | | $ | 2,268,029 | | | | Cost of funding interest-earning assets (4) | | | | | | 0.86% | | | | | | 0.89% Net interest income and margin (5) | | | | $ | 26,541 | | 5.05% | | | | $ | 25,174 | | 4.83% | | | | | | | | | | | | (1) Not computed on a tax-equivalent basis. (2) Average nonaccrual loan balances of $21.1 million for 2026 and $13.8 million for 2025 are included in average loan balances for computational purposes. (3) Net costs included in loan interest income for the three-month periods ended September 30, 2026 and 2025 were $244 thousand and $305 thousand, respectively. (4) Total annualized interest expense divided by the average balance of total earning assets. (5) Annualized net interest income divided by the average balance of total earning assets. PLUMAS BANCORP SELECTED FINANCIAL INFORMATION (Dollars in thousands) (Unaudited) | | | | | | | | | | | | The following table presents for the nine-month periods indicated the distribution of consolidated average assets, liabilities and shareholders' equity. | | | | | | | | | | | | | | For the Nine Months Ended | | For the Nine Months Ended | | 9/30/2026 | | 9/30/2025 | | Average | | | | Yield/ | | Average | | | | Yield/ | | Balance | | Interest | | Rate | | Balance | | Interest | | Rate Interest-earning assets: | | | | | | | | | | | | Loans (2) (3) | | $ | 1,504,521 | | $ | 73,563 | | 6.54% | | $ | 1,171,116 | | $ | 54,643 | | 6.24% Investment securities | | | 396,835 | | | 13,229 | | 4.46% | | | 381,124 | | | 12,133 | | 4.26% Non-taxable investment securities (1) | | | 75,433 | | | 1,975 | | 3.50% | | | 75,084 | | | 1,815 | | 3.23% Interest-bearing deposits | | | 71,410 | | | 2,010 | | 3.76% | | | 72,208 | | | 2,429 | | 4.50% Total interest-earning assets | | | 2,048,199 | | | 90,777 | | 5.93% | | | 1,699,532 | | | 71,020 | | 5.59% Cash and due from banks | | | 33,946 | | | | | | | 29,379 | | | | Other assets | | | 164,131 | | | | | | | 114,242 | | | | Total assets | | $ | 2,246,276 | | | | | | $ | 1,843,153 | | | | | | | | | | | | | | | | Interest-bearing liabilities: | | | | | | | | | | | | Money market deposits | | | 454,053 | | | 6,131 | | 1.81% | | | 335,889 | | | 4,891 | | 1.95% Savings deposits | | | 307,930 | | | 844 | | 0.37% | | | 311,187 | | | 752 | | 0.32% Time deposits | | | 224,026 | | | 4,598 | | 2.74% | | | 149,218 | | | 2,421 | | 2.17% Total deposits | | | 986,009 | | | 11,573 | | 1.57% | | | 796,294 | | | 8,064 | | 1.35% Repurchase Agreements | | | 79,572 | | | 968 | | 1.63% | | | 37,863 | | | 347 | | 1.23% Borrowings | | | 16,399 | | | 550 | | 4.48% | | | 20,789 | | | 713 | | 4.59% Total interest-bearing liabilities | | | 1,081,980 | | | 13,091 | | 1.62% | | | 854,946 | | | 9,124 | | 1.43% Non-interest-bearing deposits | | | 850,062 | | | | | | | 743,628 | | | | Other liabilities | | | 46,110 | | | | | | | 39,596 | | | | Shareholders' equity | | | 268,124 | | | | | | | 204,983 | | | | Total liabilities & equity | | $ | 2,246,276 | | | | | | $ | 1,843,153 | | | | Cost of funding interest-earning assets (4) | | | | | | 0.85% | | | | | | 0.72% Net interest income and margin (5) | | | | $ | 77,686 | | 5.07% | | | | $ | 61,896 | | 4.87% | | | | | | | | | | | | (1) Not computed on a tax-equivalent basis. (2) Average nonaccrual loan balances of $16.7 million for 2026 and $7.3 million for 2025 are included in average loan balances for computational purposes. (3) Net costs included in loan interest income for the nine-month periods ended September 30, 2026 and 2025 were $762 thousand and $776 thousand, respectively. (4) Total annualized interest expense divided by the average balance of total earning assets. (5) Annualized net interest income divided by the average balance of total earning assets. PLUMAS BANCORP SELECTED FINANCIAL INFORMATION (Dollars in thousands) (Unaudited) | | | | | | | | The following table presents the components of non-interest income for the three-month periods ended September 30, 2026 and 2025. | | | | | | | | | | For the Three Months Ended | | | | | | September 30, | | | | | | 2026 | | 2025 | | Dollar Change | | Percentage Change Interchange income | | $ | 927 | | $ | 912 | | | 15 | | 1.6% Service charges on deposit accounts | | | 802 | | | 816 | | | (14) | | (1.7)% Earnings on life insurance policies | | | 276 | | | 261 | | | 15 | | 5.7% FHLB Dividends | | | 209 | | | 191 | | | 18 | | 9.4% Loan servicing fees | | | 176 | | | 156 | | | 20 | | 12.8% Loss on sale of investment securities | | | - | | | (628) | | | 628 | | 100.0% Other | | | 396 | | | 540 | | | (144) | | (26.7)% Total non-interest income | | $ | 2,786 | | $ | 2,248 | | $ | 538 | | 23.9% | | | | | | | | The following table presents the components of non-interest expense for the three-month periods ended September 30, 2026 and 2025. | | | | | | | | | | For the Three Months Ended | | | | | | September 30, | | | | | | 2026 | | 2025 | | Dollar Change | | Percentage Change Salaries and employee benefits | | $ | 7,640 | | $ | 7,418 | | $ | 222 | | 3.0% Occupancy and equipment | | | 2,743 | | | 2,471 | | | 272 | | 11.0% Outside service fees | | | 1,512 | | | 1,584 | | | (72) | | (4.5)% Professional fees | | | 653 | | | 312 | | | 341 | | 109.3% Amortization of Core Deposit Intangible | | | 552 | | | 615 | | | (63) | | (10.2)% Advertising and shareholder relations | | | 349 | | | 282 | | | 67 | | 23.8% Armored car and courier | | | 287 | | | 284 | | | 3 | | 1.1% Loan collection expenses | | | 287 | | | 109 | | | 178 | | 163.3% Business development | | | 254 | | | 242 | | | 12 | | 5.0% Deposit insurance | | | 256 | | | 288 | | | (32) | | (11.1)% Director compensation and expense | | | 200 | | | 195 | | | 5 | | 2.6% Telephone and data communication | | | 144 | | | 154 | | | (10) | | (6.5)% Merger and acquisition expenses | | | - | | | 879 | | | (879) | | (100.0)% Other | | | 268 | | | 301 | | | (33) | | (11.0)% Total non-interest expense | | $ | 15,145 | | $ | 15,134 | | $ | 11 | | 0.1% PLUMAS BANCORP SELECTED FINANCIAL INFORMATION (Dollars in thousands) (Unaudited) | | | | | | | | The following table presents the components of non-interest income for the nine-month periods ended September 30, 2026 and 2025. | | | | | | | | | | For the Nine Months Ended | | | | | | September 30, | | | | | | 2026 | | 2025 | | Dollar Change | | Percentage Change Interchange income | | $ | 2,639 | | $ | 2,386 | | $ | 253 | | 10.6% Service charges on deposit accounts | | | 2,400 | | | 2,303 | | | 97 | | 4.2% Earnings on life insurance policies | | | 820 | | | 478 | | | 342 | | 71.5% FHLB Dividends | | | 759 | | | 463 | | | 296 | | 63.9% Loan servicing fees | | | 508 | | | 490 | | | 18 | | 3.7% Loss on sale of investment securities | | | - | | | (625) | | | 625 | | 100.0% Other | | | 1,409 | | | 2,327 | | | (918) | | (39.4)% Total non-interest income | | $ | 8,535 | | $ | 7,822 | | $ | 713 | | 9.1% | | | | | | | | The following table presents the components of non-interest expense for the nine-month periods ended September 30, 2026 and 2025. | | | | | | | | | | For the Nine Months Ended | | | | | | September 30, | | | | | | 2026 | | 2025 | | Dollar Change | | Percentage Change Salaries and employee benefits | | $ | 22,890 | | $ | 18,851 | | $ | 4,039 | | 21.4% Occupancy and equipment | | | 8,065 | | | 6,535 | | | 1,530 | | 23.4% Outside service fees | | | 4,468 | | | 4,008 | | | 460 | | 11.5% Amortization of Core Deposit Intangible | | | 1,699 | | | 702 | | | 997 | | 142.0% Professional fees | | | 1,404 | | | 760 | | | 644 | | 84.7% Advertising and shareholder relations | | | 1,014 | | | 818 | | | 196 | | 24.0% Armored car and courier | | | 833 | | | 725 | | | 108 | | 14.9% Deposit insurance | | | 752 | | | 650 | | | 102 | | 15.7% Business development | | | 709 | | | 597 | | | 112 | | 18.8% Loan collection expenses | | | 642 | | | 231 | | | 411 | | 177.9% Director compensation and expense | | | 584 | | | 516 | | | 68 | | 13.2% Telephone and data communication | | | 435 | | | 452 | | | (17) | | (3.8)% Merger and acquisition expenses | | | - | | | 1,929 | | | (1,929) | | (100.0)% Other | | | 1,441 | | | 838 | | | 603 | | 72.0% Total non-interest expense | | $ | 44,936 | | $ | 37,612 | | $ | 7,324 | | 19.5% PLUMAS BANCORP SELECTED FINANCIAL INFORMATION (Dollars in thousands) (Unaudited) | | | | | | | | The following table shows the distribution of loans by type at September 30, 2026 and 2025. | | | | | | | | | | | | Percent of | | | | Percent of | | | | Loans in Each | | | | Loans in Each | | Balance at End | | Category to | | Balance at End | | Category to | | of Period | | Total Loans | | of Period | | Total Loans | | 9/30/26 | | 9/30/26 | | 9/30/2025 | | 9/30/2025 Commercial | | $ | 159,905 | | 10.7% | | $ | 161,667 | | 10.8% Agricultural | | | 139,336 | | 9.3% | | | 154,107 | | 10.3% Real estate – residential | | | 31,238 | | 2.1% | | | 33,657 | | 2.2% Real estate – commercial | | | 1,015,901 | | 67.9% | | | 980,694 | | 65.5% Real estate – construction & land | | | 54,411 | | 3.6% | | | 49,199 | | 3.3% Equity Lines of Credit | | | 54,389 | | 3.6% | | | 53,283 | | 3.6% Auto | | | 25,425 | | 1.7% | | | 45,142 | | 3.0% Other | | | 14,940 | | 1.1% | | | 18,745 | | 1.3% Total Gross Loans | | $ | 1,495,545 | | 100% | | $ | 1,496,494 | | 100% | | | | | | | | The following table shows the distribution of Commercial Real Estate loans at September 30, 2026 and 2025. | | | | | | | | | | | | Percent of | | | | Percent of | | | | Loans in Each | | | | Loans in Each | | Balance at End | | Category to | | Balance at End | | Category to | | of Period | | Total Loans | | of Period | | Total Loans | | 9/30/26 | | 9/30/26 | | 9/30/25 | | 9/30/25 Owner occupied | | $ | 444,037 | | 43.7% | | $ | 421,456 | | 43.0% Investor | | | 571,864 | | 56.3% | | | 559,238 | | 57.0% Total real estate - commercial | | $ | 1,015,901 | | 100% | | $ | 980,694 | | 100% | | | | | | | | The following table shows the distribution of deposits by type at September, 2026 and 2025. | | | | | | | | | | | | Percent of | | | | Percent of | | | | Deposits in Each | | | | Deposits in Each | | Balance at End | | Category to | | Balance at End | | Category to | | of Period | | Total Deposits | | of Period | | Total Deposits | | 9/30/26 | | 9/30/26 | | 9/30/2025 | | 9/30/2025 Non-interest bearing | | $ | 859,713 | | 46.1% | | $ | 862,085 | | 47.4% Money Market | | | 471,653 | | 25.3% | | | 433,832 | | 23.8% Savings | | | 298,402 | | 16.0% | | | 309,030 | | 17.0% Time | | | 236,875 | | 12.6% | | | 214,589 | | 11.8% Total Deposits | | $ | 1,866,643 | | 100% | | $ | 1,819,536 | | 100%

Plumas Bancorp (PLBC) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.27%. A quarter ago, it was expected that this company would post earnings of $1.37 per share when it actually produced earnings of $1.41, delivering a surprise of +2.92%. 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 $29.33 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.02%. This compares to year-ago revenues of $27.42 million. The company has topped consensus revenue estimates four 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 39.9% since the beginning of the year versus the S&P 500's gain of 12.7%. 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 favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 $1.49 on $29.3 million in revenues for the coming quarter and $5.77 on $115.11 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 22% 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 September 2026. The results are expected to be released on October 26. This bank holding company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +21.3%. The consensus EPS estimate for the quarter has been revised 2.7% lower over the last 30 days to the current level. Bank of Marin's revenues are expected to be $35.13 million, up 13% 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

The market expects Columbia Banking (COLB) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of -9.4%. Revenues are expected to be $687.28 million, up 18.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.95% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Columbia Banking, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.42%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Columbia Banking will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Columbia Banking would post earnings of $0.73 per share when it actually produced earnings of $0.76, delivering a surprise of +4.11%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Columbia Banking appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Banks - West industry, Plumas Bancorp (PLBC), is soon expected to post earnings of $1.46 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +8.2%. This quarter's revenue is expected to be $29.03 million, up 5.9% from the year-ago quarter. The consensus EPS estimate for Plumas Bancorp has been revised 2.1% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.15%. When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Plumas Bancorp will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report Plumas Bancorp (PLBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wall Street expects a year-over-year increase in earnings on higher revenues when Plumas Bancorp (PLBC) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $1.47 per share in its upcoming report, which represents a year-over-year change of +8.9%. Revenues are expected to be $29.03 million, up 5.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 4.11% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Plumas Bancorp, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.36%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Plumas Bancorp will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Plumas Bancorp would post earnings of $1.37 per share when it actually produced earnings of $1.41, delivering a surprise of +2.92%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Plumas Bancorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. FS Bancorp (FSBW), another stock in the Zacks Banks - West industry, is expected to report earnings per share of $1.11 for the quarter ended September 2026. This estimate points to a year-over-year change of -5.9%. Revenues for the quarter are expected to be $41.06 million, up 4.5% from the year-ago quarter. The consensus EPS estimate for FS Bancorp has been revised 1.2% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -3.32%. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that FS Bancorp will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 FS Bancorp, Inc. (FSBW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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]