PLBCHIGH SIGNALFINANCIAL10-K

PLBC shows dramatic balance sheet expansion with stockholders' equity surging 46.8% and total liabilities increasing 36.8%, while the removal of merger-related risk language suggests a completed transaction driving the growth.

The substantial increases in deposits, liabilities, and equity combined with the removal of "risks related to our pending merger with Cornerstone Community Bancorp" strongly indicates PLBC completed a significant acquisition during this period. The enhanced cybersecurity governance disclosures reflect increased regulatory focus and operational complexity following the business combination.

Comparing 2026-03-19 vs 2025-03-19View on EDGAR →
FINANCIAL ANALYSIS

PLBC experienced substantial growth across all major balance sheet categories with deposits increasing 32% to $1.8B and stockholders' equity jumping 46.8% to $261.1M, consistent with a completed merger or acquisition. While net interest income grew 20.5% to $101.6M, interest expenses surged 284% and operating cash flow declined 29.2%, reflecting integration challenges and higher funding costs from the expanded operations. The significant reduction in credit loss provisions (-64.6%) suggests improved asset quality, though investors should monitor whether the substantial growth can be efficiently integrated while maintaining profitability margins.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+284.1%
$1.2M→$4.8M

Interest expense surged 284.1% — significant debt increase or rising rates materially impacting earnings.

Capital Expenditure
Cash Flow
+93.4%
$678K→$1.3M

Capital expenditure jumped 93.4% — major investment cycle underway; assess returns on deployment.

Provision for Credit Losses
P&L
-64.6%
$3.2M→$1.1M

Provisions reduced 64.6% — improving credit quality or reserve release boosting reported earnings.

Stockholders Equity
Balance Sheet
+46.8%
$177.9M→$261.1M

Equity base grew 46.8% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Liabilities
Balance Sheet
+36.8%
$1.4B→$2.0B

Liabilities grew 36.8% — significant increase in debt or obligations, assess impact on financial flexibility.

Total Deposits
Balance Sheet
+32%
$1.4B→$1.8B

Deposits grew 32% — expanding customer base or increased trust in the institution.

Operating Cash Flow
Cash Flow
-29.2%
$30.5M→$21.6M

Operating cash flow softened — monitor whether temporary working capital timing or structural deterioration.

Net Interest Income
P&L
+20.5%
$84.3M→$101.6M

Net interest income grew 20.5% — benefiting from rate environment or loan book expansion.

LANGUAGE CHANGES
NEW — 2026-03-19
PRIOR — 2025-03-19
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.
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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.
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