Plumas ( (PLBC) ) has released its Q2 earnings. Here is a breakdown of the information Plumas presented to its investors.
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Plumas Bancorp, the parent company of Plumas Bank, operates as a full-service community bank with branches in California and Nevada, offering a range of financial services and holding a Preferred Lender status with the U.S. Small Business Administration.
In its second quarter of 2025 earnings report, Plumas Bancorp announced a net income of $6.3 million, a slight decrease from the previous year’s $6.8 million. The report highlights strategic moves, including the acquisition of Cornerstone Community Bancorp, which aims to expand the bank’s presence in California’s northern Sacramento Valley.
Key financial metrics showed mixed results, with net interest income slightly declining to $18.2 million, while non-interest income increased due to a legal settlement related to the Dixie Fire. The bank’s total deposits grew by 5% to $1.4 billion, and total equity rose by 17% to $193 million. However, nonperforming assets increased, primarily due to issues with an agricultural loan.
The acquisition of Cornerstone Community Bancorp is expected to bolster Plumas Bancorp’s market presence and operational capabilities. The bank is also focusing on enhancing its treasury management services and improving lending processes.
Looking ahead, Plumas Bancorp’s management remains optimistic about leveraging the recent acquisition and internal advancements to provide long-term value to its shareholders, clients, and communities.