Plumas Bancorp (NASDAQ: PLBC) is a community banking company that operates through its subsidiary Plumas Bank, providing commercial, agricultural, and consumer lending and deposit services across northeastern California and northwestern Nevada. The bank earns revenue primarily from net interest income, the spread between interest collected on loans and interest paid on deposits, supplemented by non-interest income from interchange revenue, service charges, loan servicing fees, and gains on loan sales. As of December 31, 2025, the loan portfolio was concentrated in commercial real estate (66.3%), commercial and industrial loans (11.1%), and agricultural loans including agricultural real estate (10.4%). On July 1, 2025, Plumas Bancorp completed the acquisition of Cornerstone Community Bank, adding four branches in Anderson, Red Bluff, and Redding, California. The bank operates seventeen California branches and two Nevada branches, with 23 ATMs, as of the 10-K filed March 19, 2026. Plumas Bank holds SBA Preferred Lender status, enabling it to approve SBA loans without a separate SBA review process.

Revenue model

Net interest income from loans and investment securities, supplemented by non-interest income streams including interchange revenue, service charges, loan servicing fees, gains on sale of loans held for sale, and gains on sale of buildings. SBA-guaranteed loan origination provides secondary market gain-on-sale income, though the bank has shifted toward fixed-rate SBA 7(a) loans held in portfolio as of the period ending December 31, 2025.

Products and services

Commercial real estate loans, commercial and industrial loans, agricultural loans and agricultural real estate loans, consumer loans, SBA 7(a) loans (variable and fixed rate), deposit accounts, interchange-generating debit and payment products, loan servicing, and bank-owned life insurance policies. Agricultural Credit Centers in Alturas, Chico, Red Bluff, Yuba City (California), and Klamath Falls (Oregon) serve farming customers and agricultural businesses.

Customers and end markets

Individual consumers, small and medium-sized businesses, commercial real estate borrowers, and agricultural clients including individual farmers, small and medium farming organizations, and corporate farming units. Government-guaranteed lending (SBA) serves small business borrowers. End markets are concentrated in rural and semi-rural communities in northeastern California and northwestern Nevada.

Value-chain role

Community bank operating as a direct lender and deposit-gatherer. Originates, underwrites, and holds loans in portfolio or sells government-guaranteed portions in the secondary market. Operates branch-based distribution with ATM network and specialty lending offices for government-guaranteed and agricultural lending.

Geographic exposure

Primary service area is northeastern California from Lake Tahoe to the Oregon border and northwestern Nevada. Seventeen California branches in Alturas, Anderson, Chester, Chico, Fall River Mills, Greenville, Kings Beach, Portola, Quincy, Red Bluff, Redding, Susanville, Tahoe City, Truckee, and Yuba City. Two Nevada branches in Reno and Carson City. Specialty lending offices in Auburn and Southern California, Chandler (Arizona), and Klamath Falls (Oregon), as of the 10-K filed March 19, 2026.

Source: SEC 10-K, filed 2026-03-19

Industry: Short-Term Business Credit Institutions Peers: California BanCorp GRANDSOUTH BANCORPORATION Bally's Corp LCNB Corp MainStreet Bancshares Inc Meridian Corp PNC Financial Services Group Inc Virginia National Bankshares Corp