ADDED
plbc20251231_10k.htm 0001168455 Plumas Bancorp false --12-31 FY 2025 true true The Chief Information Officer supervises the information security team, which is responsible for maintaining and implementing our enterprise-wide cybersecurity strategy, policy, standards, and architecture processes.
true The Board of Directors receives regular reports from the Chief Information Officer and the Information Security Officer on Plumas Bancorp s cyber risks and threats, the status of projects to strengthen Plumas Bancorp s information security systems, assessments of Plumas Bancorp s security program, and the emerging threat landscape.
Additionally, the Chief Information Officer chairs the Technology Steering Committee, which drives awareness, ownership, and alignment across all business functions for effective cybersecurity risk management and reporting.
In addition to conducting internal audits, Plumas Bancorp annually engages third parties to audit its information security programs, whose findings are reported to the Audit and Executive Committees of the Board.
The Company also engages with key third-party vendors, industry participants, government agencies, and intelligence and law enforcement communities as part of our efforts, which are reported to the Technology Steering Committee and Board of Directors.
The Board of Directors receives regular reports from the Chief Information Officer and the Information Security Officer on Plumas Bancorp s cyber risks and threats, the status of projects to strengthen Plumas Bancorp s information security systems, assessments of Plumas Bancorp s security program, and the emerging threat landscape.
Additionally, the Chief Information Officer chairs the Technology Steering Committee, which drives awareness, ownership, and alignment across all business functions for effective cybersecurity risk management and reporting.
In addition to conducting internal audits, Plumas Bancorp annually engages third parties to audit its information security programs, whose findings are reported to the Audit and Executive Committees of the Board.
The Company also engages with key third-party vendors, industry participants, government agencies, and intelligence and law enforcement communities as part of our efforts, which are reported to the Technology Steering Committee and Board of Directors.
The Board of Directors receives regular reports from the Chief Information Officer and the Information Security Officer on Plumas Bancorp s cyber risks and threats, the status of projects to strengthen Plumas Bancorp s information security systems, assessments of Plumas Bancorp s security program, and the emerging threat landscape.
REMOVED
As of March 13, 2025, there wer e 5,920,083 shares of the registrant's Common Stock outstanding.
Recent adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments.
Risks related to our pending merger with Cornerstone Community Bancorp.
Substantially all of the Company's operations are conducted through its subsidiary, Plumas Bank.
The Company s principal source of income is dividends from the Bank, but the Company may explore supplemental sources of income in the future.
The cash outlays of the Company, including but not limited to the payment of dividends to shareholders, if and when declared by the Board of Directors, costs of repurchasing Company common stock and the cost of servicing debt, will generally be paid from dividends paid to the Company by the Bank.
At December 31, 2024, the Company had consolidated assets of $1.6 billion, deposits of $1.4 billion, other liabilities of $74 million and shareholders equity of $178 million.
The Company s other liabilities include a $15 million borrowing from one of the Company's correspondent banks, $24.8 million in lease liabilities and $22.1 million in repurchase agreements.
The Company is a California corporation incorporated in 2002 for the purpose of becoming the holding company for the Bank, which we acquired the same year.
At December 31, 2024, the Bank had approximately $1.6 billion in assets, $1.0 billion in net loans and $1.4 billion in deposits (including deposits of $12.3 million from the Company), other liabilities of $59 million and shareholders equity of $181 million.