Active liquidity management is evident through significant portfolio rotation, including $99.4 million in investment securities sales during 2025Q3, while supporting a dividend payout that increased to $2.3 million in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Cash from Operations | 23.49M | 21.59M | 30.51M | 38.34M | 56.88M | -8.42M | 24.63M | 15.48M | 15.64M | 11.48M | 8.9M | 7.23M | 5.34M | 10.71M | 5.8M | 10.09M | 10.12M | 70K | 6.32M | 7.94M | 7.7M | 7.84M | 8.3M | 6.16M | 3.37M | 3.97M |
| Operating CF Growth % | -86.33% | -29.24% | -20.42% | -32.6% | 775.75% | -134.18% | 59.14% | -1.04% | 36.25% | 28.98% | 23.14% | 35.21% | -50.08% | 84.44% | -42.45% | -0.29% | 14350% | -98.89% | -20.41% | 3.17% | -1.91% | -5.53% | 34.78% | 82.82% | -15.03% | - |
| Net Income | 32.2M | 29.62M | 28.62M | 29.78M | 26.44M | 21.01M | 14.47M | 15.51M | 13.99M | 8.19M | 7.47M | 5.82M | 4.74M | 3.43M | 1.95M | 941K | 971K | -9.15M | 304K | 4.22M | 5.2M | 4.53M | 3.65M | 3.28M | 3.15M | 2.76M |
| Depreciation & Amortization | 3.51M | 2.83M | 1.5M | 1.67M | 1.9M | 1.67M | 1.42M | 1.39M | 1.04M | 1.03M | 1.08M | 1.15M | 1.31M | 1.41M | 1.35M | 1.41M | 1.69M | 1.93M | 1.98M | 2.2M | 2.56M | 2.71M | 2.54M | 2.51M | 1.34M | 955K |
| Deferred Taxes | 0 | 2.27M | -54K | -702K | 1.03M | -1.3M | -1.07M | -166K | 360K | 503K | -660K | -539K | 1.17M | 2.08M | 1.04M | 259K | 385K | -3.85M | -1.46M | -787K | -456K | 34K | 82K | 28K | 31K | -101K |
| Other Non-Cash Items | -4.79M | -5.7M | 52K | 6.62M | 28.81M | -26.64M | 9.04M | -206K | 2.18M | 4.21M | -329K | 1.83M | -677K | 4.52M | 644K | 6.93M | 1.56M | 17.55M | 5.61M | 1.12M | 327K | -232K | 88K | 259K | -539K | -7K |
| Working Capital Changes | -7.81M | -7.78M | -106K | 652K | -1.56M | -3.38M | 572K | -1.28M | -2.13M | -2.61M | 1.23M | -1.11M | -1.27M | -778K | 720K | 577K | 5.45M | -6.67M | -414K | 899K | 64K | 806K | 1.95M | 79K | -615K | 361K |
| Cash from Investing | 83.77M | 70.32M | 10.25M | -90.55M | -270.77M | -79.81M | -114.4M | -36.71M | -121.87M | -66.54M | -65.75M | -38.5M | -26.69M | -42.02M | -43.73M | 13.83M | 43.54M | -38.59M | -4.49M | 20.52M | -15.55M | -45.09M | -48.75M | -29.92M | -42.52M | -15.86M |
| Purchase of Investments | -118.17M | -122.87M | -120.81M | -73.11M | -227.07M | -196.16M | -61.16M | -27.8M | -56.27M | -58.09M | -39.64M | -34.61M | -40.51M | -34.73M | -75.21M | -59.25M | -57.24M | -67.46M | -2.99M | -11.01M | -155K | -9.69M | -55.97M | -110.39M | -48.09M | -21.66M |
| Sale/Maturity of Investments | 190.56M | 188.02M | 163.19M | 36.22M | 31.58M | 63.66M | 43.56M | 45.13M | 19.48M | 22.3M | 32.49M | 27.77M | 42.06M | 22.38M | 52.34M | 64.99M | 81.72M | 20.18M | 20.21M | 31.84M | 23.59M | 23.51M | 56.89M | 54.68M | 32.91M | 27.37M |
| Net Investment Activity | 72.39M | 65.16M | 42.38M | -36.89M | -195.49M | -132.5M | -17.6M | 17.32M | -36.78M | -35.8M | -7.15M | -6.83M | 1.55M | -12.36M | -22.87M | 5.75M | 24.49M | -47.28M | 17.22M | 20.83M | 23.43M | 13.82M | 913K | -55.71M | -15.18M | 5.71M |
| Acquisitions | 0 | 35.78M | 0 | 0 | 0 | 23.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 12.65M | -29.3M | -31.46M | -51.38M | -72.25M | 29.99M | -95.19M | -52.63M | -81.22M | -30.21M | -58M | -29.02M | -28.02M | -29.31M | -19.94M | 8.36M | 20.26M | 8.95M | -19.14M | 804K | -33.82M | -55.52M | -48.85M | 27.38M | -25.2M | -20.17M |
| Cash from Financing | -131.71M | -93.31M | -44.39M | -45.56M | 16.72M | 283.9M | 227.74M | 21.48M | 65.38M | 79.95M | 51.3M | 53.89M | 17M | 36.56M | 19.52M | -25.47M | -48.52M | 79.22M | 3.75M | -26.55M | -5.44M | 50.4M | 21.88M | 15.84M | 46.99M | 28.41M |
| Dividends Paid | -8.25M | -7.72M | -6.37M | -5.86M | -3.74M | -3.08M | -1.87M | -2.37M | -1.84M | -1.4M | -489K | 0 | 0 | -1.97M | 0 | 0 | -150K | -473K | -1.15M | -1.49M | -1.3M | -1.08M | -914K | -776K | -865K | -635K |
| Share Repurchases | -2.03M | 0 | 0 | 0 | 0 | -265K | -89K | 0 | 0 | 0 | -862K | 0 | 0 | -11.38M | 0 | 0 | 0 | 0 | -1.22M | -2.4M | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 2.16M | 1.1M | 508K | 0 | 0 | 265K | 89K | 0 | 330K | 261K | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 407K | 0 | 0 | 181K | 407K | 68K | 0 | 0 | 0 |
| Net Stock Activity | 136K | 1.1M | 508K | 0 | 0 | 0 | 0 | 0 | 330K | 261K | -662K | 0 | 0 | -11.38M | 0 | 0 | 0 | 407K | -1.22M | -2.4M | 181K | 407K | 68K | 0 | 0 | 0 |
| Debt Issuance (Net) | -4M | -1000K | -1000K | 1000K | 0 | -1000K | 1000K | 0 | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | 0 | 0 | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 |
| Other Financing | -95.63M | -65.94M | 36.47M | -119.39M | 20.46M | 291.98M | 224.6M | 23.86M | 67.22M | 83.72M | 54.41M | 57.52M | 19M | 39.73M | 19.52M | -25.47M | -8.37M | 61.77M | -20.38M | -10.15M | -24.32M | 47.99M | 22.73M | 16.44M | 41.73M | 28.95M |
| Net Change in Cash | -24.45M | -1.4M | -3.64M | -97.77M | -197.16M | 195.68M | 137.97M | 256K | -40.85M | 24.89M | -5.55M | 22.62M | -4.34M | 5.24M | -18.4M | -1.55M | 5.13M | 40.7M | 5.58M | 1.91M | -13.3M | 13.15M | -18.57M | -7.92M | 7.84M | 16.52M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 80.62M | 82.02M | 85.66M | 183.43M | 380.58M | 184.91M | 46.94M | 46.69M | 87.54M | 62.65M | 68.19M | 45.57M | 49.92M | 44.67M | 63.08M | 64.63M | 59.49M | 18.79M | 13.21M | 11.29M | 24.6M | 11.44M | 30.01M | 37.93M | 30.09M | 13.56M |
| Cash at End | 62.88M | 80.62M | 82.02M | 85.66M | 183.43M | 380.58M | 184.91M | 46.94M | 46.69M | 87.54M | 62.65M | 68.19M | 45.57M | 49.92M | 44.67M | 63.08M | 64.63M | 59.49M | 18.79M | 13.21M | 11.29M | 24.6M | 11.44M | 30.01M | 37.93M | 30.09M |
| Interest Paid | 16.2M | 14.29M | 8.57M | 3.63M | 1.25M | 1.13M | 1.25M | 1.74M | 1.21M | 1.01M | 1.02M | 1.17M | 1.56M | 2.44M | 942K | 1.69M | 0 | 3.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 1.61M | 8.6M | 9.65M | 12.26M | 6.9M | 9.19M | 6.77M | 6.02M | 4.51M | 7.17M | 5.21M | 4.41M | 1.92M | 30K | 2K | 2K | 0 | 65K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 22.22M | 20.28M | 29.83M | 36.06M | 53.86M | -9.35M | 23.02M | 14.08M | 11.77M | 10.95M | 8.3M | 4.58M | 5.12M | 10.36M | 4.89M | 9.81M | 8.9M | -183K | 3.75M | 6.84M | 2.53M | 4.45M | 7.5M | 4.57M | 1.23M | 2.57M |
| FCF Growth % | -21.19% | -32.03% | -17.27% | -33.05% | 676.13% | -140.61% | 63.52% | 19.6% | 7.55% | 31.91% | 81.12% | -10.51% | -50.56% | 111.76% | -50.18% | 10.22% | 4966.12% | -104.88% | -45.16% | 170.47% | -43.16% | -40.61% | 63.86% | 272.48% | -52.24% | - |
Geographic and sector concentration
According to the provided quarterly financial data, Plumas Bancorp consistently generated positive net income, peaking at $11.0 million in 2025Q4, which provides a stable foundation for capital retention and supports the bank's ongoing strategic expansion into the Reno-Sparks corridor without requiring external equity dilution.
The bank's ability to fund its growth through internal capital generation suggests a disciplined approach to balance sheet management. Investors should monitor whether this organic funding capacity remains sufficient as the bank pursues more complex commercial lending opportunities in competitive urban markets.
As reported in the bank's cash flow statements, Plumas Bancorp frequently rotates its investment securities portfolio, evidenced by a significant $99.4 million in proceeds from sales during 2025Q3, which suggests an active management strategy to optimize yield and liquidity in response to shifting interest rate environments.
The high turnover in the investment portfolio indicates that management is not merely holding securities to maturity but is actively adjusting duration and credit exposure. This activity warrants further investigation to determine if these sales are driven by tactical asset-liability management or a need to harvest gains to offset loan-related provisioning.
Based on the historical cash flow data, Plumas Bancorp has maintained a consistent dividend payout, with quarterly payments rising from $1.5 million in 2023Q4 to $2.3 million in 2026Q1, reflecting a prudent approach to returning capital to shareholders while prioritizing the preservation of regulatory capital buffers.
The initiation of share buybacks in 2026Q1, totaling $2.0 million, suggests management may perceive the current valuation as attractive or that capital levels have reached a surplus relative to growth needs. This shift in capital allocation strategy should be monitored to ensure it does not compromise the bank's ability to absorb potential credit shocks.
Data from the cash flow statements reveals significant fluctuations in the provision for credit losses, highlighted by a $5.4 million charge in 2025Q3, which appears to be a notable outlier that temporarily constrained the bank's operating cash flow relative to its reported net income.
These periodic spikes in provisioning suggest that the bank's cash flow is sensitive to the credit quality of its niche agricultural and commercial loan portfolios. Analysts should interpret these charges as a reflection of the bank's conservative risk-management culture rather than an immediate indicator of systemic asset quality deterioration.
Quick answers to the most common questions about buying PLBC stock.
Plumas Bancorp (PLBC) generated $21.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Plumas Bancorp (PLBC) generated $20.3M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Plumas Bancorp (PLBC) spent $1.3M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Plumas Bancorp (PLBC) returned $7.7M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.