Plumas Bancorp (Nasdaq: PLBC) reported fourth-quarter 2025 earnings of $10.9 million, up from $7.7 million in the same period last year. Diluted earnings per share increased to $1.56 from $1.29. For the full year, net income was $29.6 million, with diluted earnings per share decreasing to $4.54 from $4.80 in 2024.
The company’s gross loans increased by $497 million to $1.5 billion, while deposits increased by $439 million to $1.8 billion. Shareholder’s equity increased by $83 million to $261 million, with book value per share rising by $7.38 to $37.52. Plumas Bank operates nineteen branches across California and Nevada, offering a range of financial services.
President Andrew J. Ryback highlighted the strategic acquisitions and balance sheet optimization that defined 2025 for Plumas Bancorp. The acquisition of Cornerstone Community Bancorp expanded the bank’s presence across Northern California. Management leveraged a real estate sale-leaseback to strengthen the bank’s margin and offset security losses. The focus for 2026 is on margin durability, cost-of-funds improvement, and disciplined growth.
Plumas Bancorp’s nonperforming assets increased to $15.3 million at the end of 2025, with nonperforming loans totaling $15.1 million. The provision for credit losses increased to $6.8 million, including specific loan loss reserves for a single large agricultural relationship. Net charge-offs totaled $442 thousand for the year. The allowance for credit losses was $20.0 million at the end of 2025.
In terms of liquidity, the bank manages its funds to support asset growth, meet deposit withdrawals, and fund borrowing needs. Plumas Bancorp is a member of the Federal Home Loan Bank of San Francisco and can borrow up to $400 million. The company estimates approximately $720 million in uninsured deposits, with a primary focus on customer deposits as a source of funds.
Net interest income for the fourth quarter of 2025 was $25.9 million, with a net interest margin of 5.0%. For the full year, net interest income was $87.8 million, with a net interest margin of 4.91%. Total non-interest income for the year was $10.5 million, and non-interest expense totaled $51.9 million. The bank’s return on average assets was 1.52% for the year.
Plumas Bancorp’s financial statements are prepared in accordance with accounting principles generally accepted in the United States. The company incurred non-recurring expenses related to the acquisition of Cornerstone Community Bank in 2025, totaling $7.3 million. Excluding these expenses, non-GAAP net income for 2025 would have been $35.0 million, resulting in diluted earnings per share of $5.37 and a return on average assets of 1.80%.
Read more at GlobeNewswire: Plumas Bancorp Reports Earnings for Three Months and Year