Plumas Bancorp reported a net income of $29.6 million for the fiscal year ending December 31, 2025, reflecting a 4% increase from the previous year's net income of $28.6 million. The company's total assets grew significantly to $2.24 billion, up from $1.62 billion in 2024, primarily due to the acquisition of Cornerstone Community Bancorp, which added approximately $659 million in assets. The increase in net interest income was notable, rising to $87.8 million from $73.7 million, driven by a $17.3 million increase in interest income, which was partially offset by a $3.2 million rise in interest expenses.
The acquisition of Cornerstone, completed on July 1, 2025, was a strategic move aimed at expanding Plumas Bancorp's geographic footprint and diversifying its lending capabilities. This merger added four branches to the company's network and significantly boosted its loan portfolio, which increased by 49% to $1.51 billion. The loan growth included substantial increases in commercial real estate loans, which rose by $356 million, and commercial loans, which increased by $90 million. The provision for credit losses also saw a significant rise, from $1.2 million in 2024 to $6.9 million in 2025, reflecting the risks associated with the newly acquired loans.
Operationally, Plumas Bancorp's customer base expanded, with total deposits increasing to $1.81 billion, a $439 million rise from the previous year. The bank's deposit accounts grew from 38,188 to 47,667, indicating a successful strategy in attracting new customers. The company also reported a nonperforming loans ratio of 1.00%, up from 0.40% in 2024, attributed to challenges in one agricultural loan relationship. The allowance for credit losses increased to $20 million, representing 1.32% of total loans, as the bank continues to manage its credit risk effectively.
Looking ahead, Plumas Bancorp remains optimistic about its growth trajectory, emphasizing its commitment to community-oriented banking and personalized service. The company plans to leverage its expanded branch network and enhanced product offerings to capture a larger market share in Northern California and Nevada. However, management acknowledged potential risks, including economic fluctuations and regulatory changes, which could impact future performance. The bank's capital ratios remain strong, exceeding the requirements to be classified as "well capitalized," providing a solid foundation for continued growth and stability.
About PLUMAS BANCORP
Plumas Bancorp is a bank holding company based in Reno, Nevada, primarily operating through its subsidiary, Plumas Bank. It offers a range of banking services including loans, deposits, and electronic banking to individuals, small businesses, and agricultural clients in Northern California and Nevada. The company emphasizes community-oriented, personalized service, local decision-making, and a diversified revenue model centered on interest income and service fees.
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