Plumas Company profile
About Plumas Bancorp
Plumas Bancorp is a bank holding company and its subsidiary is Plumas Bank. The Company operates approximately 12 branches in California, including branches in Alturas, Chester, Fall River Mills, Greenville, Kings Beach, Portola, Quincy, Redding, Susanville, Tahoe City, Truckee, and Yuba City. In addition, the Company operates a lending office specializing in government-guaranteed lending in Auburn, California, and commercial/agricultural lending offices in Chico California, and Klamath Falls, Oregon. The Company's real estate loans include real estate mortgage loans, real estate construction and land development loans, consumer equity lines of credit, and agricultural loans. The Bank's loan portfolio consists of commercial, agricultural, real estate-residential, real estate-commercial, and real estate-construction.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Plumas Bancorp interest income increased 21% to $48.1M. Net interest income after loan loss provision increased 30% to $45.8M. Net income increased 45% to $21M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 18% to $42.5M, Interest&Dividend-Invest Sec AFS/H increase of 69% to $1.7M.
Equity composition
Common Stock no Par, 03/11 22.5M auth., 4,776,339 issd. Insiders control approx. 20.97%. IPO: N/A. 9/05, 3-for-2 stock split.
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