Plumas Bancorp (PLBC) 10-Year Financial Performance & Capital Metrics

PLBC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutPlumas Bancorp operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses, and individuals in Northeastern California and Northwestern Nevada. The company accepts various deposits, such as checking, money market checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts. Its loan portfolio includes term real estate, commercial, and industrial term loans; government-guaranteed and agricultural loans, as well as credit lines; consumer, automobile, and home equity loans; land development and construction loans; and small business administration loans. The company also provides remote deposit, telephone and mobile banking, internet banking with bill-pay options, cashier's check, bank-by-mail, automated teller machine, night depository, safe deposit box, direct deposit, electronic funds transfer, and other customary banking services. As of February 28, 2022, it operated 14 full-service branches and 3 lending offices. Plumas Bancorp was incorporated in 1980 and is headquartered in Reno, Nevada.Show more

Net Interest Income $74M +5.6%
Total Revenue $73M -14.2%
Net Income $29M -3.9%
Return on Equity 17.6% -21.3%
Net Interest Margin 4.54% +4.7%
Efficiency Ratio 30.24% -30.8%
ROA 1.77% -4.0%
Equity / Assets 10.96% +19.8%
Book Value per Share 29.81 +20.1%
Tangible BV/Share 28.89 +20.9%
Debt/Equity 0.35 -55.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.3%
✓Strong NIM of 4.5%
✓Efficient operations: 30.2% efficiency ratio
✓Well capitalized: 11.0% equity/assets
✓Healthy dividend yield of 2.3%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.89%

5Y9.07%

3Y8.85%

TTM-

Profit (Net Income) CAGR

10Y19.7%

5Y13.03%

3Y10.85%

TTM-7.03%

EPS CAGR

10Y17.58%

5Y10.08%

3Y8.48%

TTM-11.32%

ROCE

10Y Avg21.77%

5Y Avg20.82%

3Y Avg21.06%

Latest16.12%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	21.41M	24.08M	27.94M	33.09M	37.55M	38.4M	46.93M	58.51M	69.79M	73.69M
NII Growth %	0.1%	0.12%	0.16%	0.18%	0.14%	0.02%	0.22%	0.25%	0.19%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	22.61M	25.1M	28.95M	34.32M	39.3M	39.62M	48.07M	59.76M	74.59M	84.33M
Interest Expense	1.2M	1.02M	1.02M	1.24M	1.75M	1.23M	1.14M	1.25M	4.8M	10.63M
Loan Loss Provision	1.1M	800K	600K	1M	1.5M	3.17M	1.13M	1.3M	2.77M	1.2M
Non-Interest Income+	7.71M	7.55M	8.22M	8.71M	7.91M	8.23M	8.43M	10.78M	10.3M	-11.46M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	30.33M	32.65M	37.17M	43.03M	47.21M	47.86M	56.5M	70.53M	84.89M	72.86M
Revenue Growth %	0.07%	0.08%	0.14%	0.16%	0.1%	0.01%	0.18%	0.25%	0.2%	-0.14%
Non-Interest Expense	18.49M	18.59M	20.05M	21.67M	22.58M	23.5M	25.75M	32.32M	37.11M	22.03M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	9.54M	12.23M	15.51M	19.13M	21.38M	19.95M	28.49M	35.67M	40.21M	39M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.22%	0.28%	0.27%	0.23%	0.12%	-0.07%	0.43%	0.25%	0.13%	-0.03%
Pretax Income+	9.54M	12.23M	15.51M	19.13M	21.38M	19.95M	28.49M	35.67M	40.21M	39M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.72M	4.76M	7.32M	5.13M	5.87M	5.48M	7.48M	9.22M	10.44M	10.38M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.82M	7.47M	8.19M	13.99M	15.51M	14.47M	21.01M	26.44M	29.78M	28.62M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.23%	0.28%	0.1%	0.71%	0.11%	-0.07%	0.45%	0.26%	0.13%	-0.04%
Net Income (Continuing)	5.82M	7.47M	8.19M	13.99M	15.51M	14.47M	21.01M	26.44M	29.78M	28.62M
EPS (Diluted)+	1.15	1.47	1.58	2.68	2.97	2.77	3.76	4.47	5.02	4.80
EPS Growth %	0.21%	0.28%	0.07%	0.7%	0.11%	-0.07%	0.36%	0.19%	0.12%	-0.04%
EPS (Basic)	1.21	1.54	1.64	2.74	3.01	2.80	3.82	4.53	5.08	4.85
Diluted Shares Outstanding	5.06M	5.1M	5.18M	5.22M	5.23M	5.23M	5.58M	5.91M	5.93M	5.97M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	68.19M	62.65M	87.54M	46.69M	46.94M	184.91M	380.58M	183.43M	85.66M	82.02M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	493.54M	558.17M	619.71M	734M	775.36M	880.41M	1.17B	1.35B	1.44B	1.44B
Investments Growth %	0.08%	0.13%	0.11%	0.18%	0.06%	0.14%	0.33%	0.16%	0.06%	0%
Long-Term Investments	396.83M	456.58M	482.25M	562.5M	616.04M	700.79M	860.66M	906.27M	948.6M	1.01B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	5.5M	5.5M	5.5M	5.5M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	12.23M	11.77M	11.35M	14.29M	14.63M	14.02M	16.42M	18.1M	21.87M	36.83M
Other Assets	13.94M	13.26M	14.21M	14.03M	13.89M	13.93M	16.33M	16.02M	59.6M	55.87M
Total Current Assets	176.28M	176.36M	237.62M	233.59M	220.63M	382.84M	715.15M	675.15M	574.84M	519.75M
Total Non-Current Assets	423.01M	481.61M	507.8M	590.81M	644.56M	728.74M	898.92M	945.89M	1.04B	1.1B
Total Assets+	599.29M	657.98M	745.43M	824.4M	865.19M	1.11B	1.61B	1.62B	1.61B	1.62B
Asset Growth %	0.11%	0.1%	0.13%	0.11%	0.05%	0.28%	0.45%	0%	-0.01%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Accounts Payable	6.66M	7.4M	6.69M	7.53M	7.04M	8.26M	13.4M	15.3M	0	0
Total Debt+	22.86M	20.23M	20.38M	23.37M	26.32M	29.19M	27.59M	28.93M	116.06M	61.83M
Net Debt	-45.34M	-42.41M	-67.15M	-23.32M	-20.62M	-155.72M	-352.99M	-154.49M	30.4M	-20.19M
Long-Term Debt	15.19M	12.69M	10.31M	10.31M	10.31M	15.31M	10.31M	10.31M	90M	15M
Short-Term Debt	7.67M	7.55M	10.07M	13.06M	16.01M	13.88M	17.28M	18.62M	23.05M	22.07M
Other Liabilities	0	0	0	0	0	0	0	0	13.39M	12.49M
Total Current Liabilities	541.61M	597.3M	679.42M	747.16M	770.38M	996.11M	1.47B	1.49B	1.36B	1.39B
Total Non-Current Liabilities	15.19M	12.69M	10.31M	10.31M	10.31M	15.31M	10.31M	10.31M	106.39M	52.25M
Total Liabilities	556.79M	609.98M	689.73M	757.47M	780.69M	1.01B	1.48B	1.5B	1.46B	1.45B
Total Equity+	42.5M	47.99M	55.7M	66.93M	84.5M	100.15M	134.08M	119M	147.32M	177.9M
Equity Growth %	0.16%	0.13%	0.16%	0.2%	0.26%	0.19%	0.34%	-0.11%	0.24%	0.21%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.15%	0.17%	0.16%	0.23%	0.2%	0.16%	0.18%	0.21%	0.22%	0.18%
Book Value per Share	8.40	9.41	10.74	12.82	16.16	19.15	24.02	20.13	24.83	29.81
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	6.47M	5.92M	6.42M	6.94M	7.31M	7.66M	26.8M	27.37M	28.03M	29.04M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	36.06M	43.05M	49.85M	62.01M	75.14M	87.75M	105.68M	128.39M	151.75M	174M
Accumulated OCI	-42K	-972K	-570K	-2.02M	2.05M	4.75M	1.6M	-36.76M	-32.46M	-25.14M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.23M	8.9M	11.48M	15.64M	15.48M	24.63M	-8.42M	56.88M	38.34M	30.51M
Operating CF Growth %	0.35%	0.23%	0.29%	0.36%	-0.01%	0.59%	-1.34%	7.76%	-0.33%	-0.2%
Net Income	5.82M	7.47M	8.19M	13.99M	15.51M	14.47M	21.01M	26.44M	29.78M	28.62M
Depreciation & Amortization	1.15M	1.08M	1.03M	1.04M	1.39M	1.42M	1.67M	1.9M	1.67M	1.5M
Deferred Taxes	-539K	-660K	503K	360K	-166K	-1.07M	-1.3M	1.03M	-702K	-54K
Other Non-Cash Items	1.83M	-329K	4.21M	2.18M	-206K	9.04M	-26.64M	28.81M	6.62M	52K
Working Capital Changes	-1.11M	1.23M	-2.61M	-2.13M	-1.28M	572K	-3.38M	-1.56M	652K	-106K
Cash from Investing+	-38.5M	-65.75M	-66.54M	-121.87M	-36.71M	-114.4M	-79.81M	-270.77M	-90.55M	10.25M
Purchase of Investments	-34.61M	-39.64M	-58.09M	-56.27M	-27.8M	-61.16M	-196.16M	-227.07M	-73.11M	-120.81M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	23.63M	0	0	0
Other Investing	-29.02M	-58M	-30.21M	-81.22M	-52.63M	-95.19M	29.99M	-72.25M	-51.38M	-31.46M
Cash from Financing+	53.89M	51.3M	79.95M	65.38M	21.48M	227.74M	283.9M	16.72M	-45.56M	-44.39M
Dividends Paid	0	-489K	-1.4M	-1.84M	-2.37M	-1.87M	-3.08M	-3.74M	-5.86M	-6.37M
Share Repurchases	0	-862K	0	0	0	-89K	-265K	0	0	0
Stock Issued	0	200K	261K	330K	0	89K	265K	0	0	508K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	0	0	1000K	-1000K	0	1000K	-1000K
Other Financing	57.52M	54.41M	83.72M	67.22M	23.86M	224.6M	291.98M	20.46M	-119.39M	36.47M
Net Change in Cash+	22.62M	-5.55M	24.89M	-40.85M	256K	137.97M	195.68M	-197.16M	-97.77M	-3.64M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	45.57M	68.19M	62.65M	87.54M	46.69M	46.94M	184.91M	380.58M	183.43M	85.66M
Cash at End	68.19M	62.65M	87.54M	46.69M	46.94M	184.91M	380.58M	183.43M	85.66M	82.02M
Interest Paid	1.17M	1.02M	1.01M	1.21M	1.74M	1.25M	1.13M	1.25M	3.63M	8.57M
Income Taxes Paid	4.41M	5.21M	7.17M	4.51M	6.02M	6.77M	9.19M	6.9M	12.26M	9.65M
Free Cash Flow+	4.58M	8.3M	10.95M	11.77M	14.08M	23.02M	-9.35M	53.86M	36.06M	29.83M
FCF Growth %	-0.11%	0.81%	0.32%	0.08%	0.2%	0.64%	-1.41%	6.76%	-0.33%	-0.17%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.73%	16.52%	15.79%	22.82%	20.49%	15.68%	17.94%	20.9%	22.36%	17.6%
Return on Assets (ROA)	1.02%	1.19%	1.17%	1.78%	1.84%	1.46%	1.54%	1.63%	1.84%	1.77%
Net Interest Margin	3.57%	3.66%	3.75%	4.01%	4.34%	3.45%	2.91%	3.61%	4.33%	4.54%
Efficiency Ratio	60.96%	56.94%	53.93%	50.36%	47.84%	49.11%	45.58%	45.82%	43.71%	30.24%
Equity / Assets	7.09%	7.29%	7.47%	8.12%	9.77%	9.01%	8.31%	7.34%	9.15%	10.96%
Book Value / Share	8.4	9.41	10.74	12.82	16.16	19.15	24.02	20.13	24.83	29.81
NII Growth	10.06%	12.45%	16.03%	18.44%	13.51%	2.24%	22.24%	24.66%	19.29%	5.58%
Dividend Payout	-	6.54%	17.07%	13.16%	15.3%	12.89%	14.67%	14.13%	19.69%	22.24%

Revenue by Segment

	2023	2024
Service	2.79M	2.99M
Service Growth	-	7.14%
Bank Servicing	900K	756K
Bank Servicing Growth	-	-16.00%

Frequently Asked Questions

Valuation & Price

Plumas Bancorp (PLBC) has a price-to-earnings (P/E) ratio of 9.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Plumas Bancorp (PLBC) saw revenue decline by 14.2% over the past year.

Yes, Plumas Bancorp (PLBC) is profitable, generating $26.4M in net income for fiscal year 2024 (39.3% net margin).

Dividend & Returns

Yes, Plumas Bancorp (PLBC) pays a dividend with a yield of 2.32%. This makes it attractive for income-focused investors.

Plumas Bancorp (PLBC) has a return on equity (ROE) of 17.6%. This is reasonable for most industries.

Industry Metrics

Plumas Bancorp (PLBC) has a net interest margin (NIM) of 4.5%. This indicates healthy earnings from lending activities.

Plumas Bancorp (PLBC) has an efficiency ratio of 30.2%. This is excellent, indicating strong cost control.

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