PLUMAS BANCORP PLBC
The Company. Plumas Bancorp is a bank holding company headquartered in Reno, Nevada. Substantially all of the Company's operations are conducted through its subsidiary, Plumas Bank, which is also the principal source of the Company's revenue.
At December 31, 2025, the Company had consolidated assets of $2.2 billion, deposits of $1.8 billion, other liabilities of $168 million and shareholders' equity of $261 million. The Company's other liabilities include $21 million in borrowings, $29 million in lease liabilities and $98 million in repurchase agreements. These items are described in detail later in this Form 10-K.
The Company is a California corporation incorporated in 2002 for the purpose of becoming the holding company for the Bank, which it acquired in a bank holding company reorganization the same year.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101.6M | $84.3M | $74.6M | $59.8M | $48.1M | $39.6M | $39.3M | $2.6M | $2.5M | $25.1M |
| Interest expense | $87.8M | $73.7M | $69.8M | $58.5M | $1.1M | $1.2M | $1.7M | $1.2M | $1.0M | $1.0M |
| Pre-tax income | $39.6M | $39.0M | $40.2M | $35.7M | $28.5M | $20.0M | $21.4M | $19.1M | $15.5M | $12.2M |
| Income tax | $10.0M | $10.4M | $10.4M | $9.2M | $7.5M | $5.5M | $5.9M | $5.1M | $7.3M | $4.8M |
| Net income | $29.6M | $28.6M | $29.8M | $26.4M | $21.0M | $14.5M | $15.5M | $14.0M | $8.2M | $7.5M |
| EPS, basic | 4.60 | 4.85 | 5.08 | 4.53 | 3.82 | 2.80 | 3.01 | 2.74 | 1.64 | 1.54 |
| EPS, diluted | 4.54 | 4.80 | 5.02 | 4.47 | 3.76 | 2.77 | 2.97 | 2.68 | 1.58 | 1.47 |
| Shares, diluted (wtd. avg.) | $6.5M | $6.0M | $5.9M | $5.9M | $5.6M | $5.2M | $5.2M | $5.2M | $5.2M | $5.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $80.6M | $82.0M | $85.7M | $183.4M | $380.6M | $184.9M | $46.9M | $46.7M | $87.5M | $62.6M |
| Property, plant and equipment | $24.4M | $12.5M | $18.9M | $18.1M | $16.4M | $14.0M | $14.6M | $14.3M | $11.3M | $11.8M |
| Goodwill | $24.2M | $5.5M | $5.5M | $5.5M | $5.5M | $0 | — | — | — | — |
| Other intangibles | $11.1M | $791.0K | — | — | — | — | — | — | $81.0K | $87.0K |
| Total assets | $2.30B | $1.62B | $1.61B | $1.62B | $1.50B | $1.11B | $865.2M | $824.4M | $745.4M | $658.0M |
| Long-term debt | — | — | — | $0 | $0 | — | — | — | — | — |
| Total liabilities | $1.98B | $1.45B | $1.46B | $1.50B | $1.48B | $1.01B | $780.7M | $757.5M | $689.7M | $610.0M |
| Retained earnings | $195.9M | $174.0M | $151.7M | $128.4M | $105.7M | $87.8M | $75.1M | $62.0M | $49.9M | $43.0M |
| Total equity | $261.1M | $177.9M | $147.3M | $119.0M | $134.1M | $100.2M | $84.5M | $66.9M | $55.7M | $48.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.6M | $30.5M | $38.3M | $56.9M | -$8.4M | $24.6M | $15.5M | $15.6M | $11.5M | $8.9M |
| Depreciation and amortisation | $1.5M | $1.3M | $1.4M | $1.3M | $1.2M | $1.1M | $1.1M | $925.0K | $953.0K | $1.0M |
| Stock-based compensation | $343.0K | $502.0K | $322.0K | $262.0K | $223.0K | $255.0K | $224.0K | $199.0K | $152.0K | $116.0K |
| Capital expenditure | $1.3M | $678.0K | $2.3M | $3.0M | $931.0K | $1.6M | $1.4M | $3.9M | $531.0K | $600.0K |
| Investing cash flow | $70.3M | $10.2M | -$90.6M | -$270.8M | -$79.8M | -$114.4M | -$36.7M | -$121.9M | -$66.5M | -$65.8M |
| Financing cash flow | -$93.3M | -$44.4M | -$45.6M | $16.7M | $283.9M | $227.7M | $21.5M | $65.4M | $79.9M | $51.3M |
| Dividends paid | $7.7M | $6.4M | $5.9M | $3.7M | $3.1M | $1.9M | $2.4M | $1.8M | $1.4M | $489.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011848.
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