Plumas Bancorp reported a net income of $13.5 million for the six months ended June 30, 2025, reflecting a slight increase from $13.0 million during the same period in 2024. The company's net interest income rose by $860,000 to $36.7 million, driven by growth in the loan portfolio, while non-interest income increased by $1.2 million, primarily due to a legal settlement related to the Dixie Fire. However, non-interest expenses also rose by $1.7 million, largely due to costs associated with the acquisition of Cornerstone Community Bancorp, which was completed on July 1, 2025. The annualized return on average assets improved to 1.67%, while the return on average equity decreased to 14.7%.
In terms of operational metrics, Plumas Bancorp's total assets increased to $1.6 billion as of June 30, 2025, up from $1.6 billion at the end of 2024. The bank's loan portfolio saw a modest increase of $2.4 million, totaling $1.0 billion, with notable growth in commercial real estate and equity lines of credit. However, there were declines in construction and land development loans, as well as auto loans. The bank's nonperforming loans rose to $13.7 million, representing 1.34% of total loans, up from 0.40% at the end of 2024, primarily due to one agricultural loan relationship.
Plumas Bancorp's total deposits decreased slightly to $1.4 billion, with notable declines in savings and demand deposits, offset by increases in money market and time deposits. The bank's capital position remained strong, with shareholders' equity increasing to $193.1 million, supported by net income and a reduction in accumulated other comprehensive loss. The bank's capital ratios exceeded the minimum requirements to be considered "well capitalized" under regulatory standards.
Looking ahead, Plumas Bancorp anticipates continued focus on its core lending activities, particularly in commercial real estate, while managing credit risk through its underwriting and review processes. The company is also preparing to integrate Cornerstone Community Bancorp into its operations, which is expected to enhance its branch network and overall market presence. Management remains cautious about potential economic challenges and their impact on credit quality, but is optimistic about the bank's growth prospects and operational efficiency.
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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