Wed, May 7, 1:02 PM (6 days ago)
**Plumas Bancorp (PLBC) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $20.6 million (up from $20.0 million in Q1 2024). - **Profit Margins:** Net income margin of 36.5% (up from 31.2% in Q1 2024). - **Cash Flow:** Positive cash flow from operations at $7.5 million (down from $9.2 million in Q1 2024). - **Earnings Changes:** Net income increased by 14.8% to $7.2 million (from $6.3 million in Q1 2024). **Quarterly Performance:** - **Revenue Streams:** Interest income increased by $564,000 due to growth in the loan portfolio and repayment of BTFP borrowings. - **Expenses:** Non-interest expense increased by $1.1 million, partly due to merger-related costs. - **Provision for Credit Losses:** Decreased to $250,000 (from $821,000 in Q1 2024). **Trends & Uncertainties:** - **Loan Portfolio:** Gross loans decreased by 0.5% to $1.0 billion, with increases in commercial real estate and equity lines of credit. - **Investment Portfolio:** Total investment securities increased to $447.3 million, with unrealized losses recorded. - **Deposits:** Totaled $1.4 billion, with increases in money market and savings deposits. - **Liquidity:** Managed through deposits, investment portfolio, and borrowing lines. **Future Operations Impact:** - **Merger:** Pending acquisition of Cornerstone Community Bancorp may impact future expenses and operations. - **Capital Standards:** Maintains well-capitalized status under Basel III framework. - **Liquidity Management:** Adequate sources of funds to support operations and growth. **Conclusion:** Plumas Bancorp shows positive trends in revenue and profitability, with strategic investments and mergers planned for future growth. The bank maintains strong capital and liquidity positions, navigating uncertainties with prudent management.