2021 Q1 Form 10-Q Financial Statement

#000143774921010819 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $10.73M $9.599M
YoY Change 11.82% -2.31%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $380.0K $350.0K
YoY Change 8.57% -2.78%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $255.0K $378.0K
YoY Change -32.54% -14.09%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $6.162M $4.560M
YoY Change 35.13% -13.42%
Income Tax $1.721M $1.244M
% Of Pretax Income 27.93% 27.28%
Net Earnings $4.441M $3.316M
YoY Change 33.93% -13.15%
Net Earnings / Revenue 41.37% 34.55%
Basic Earnings Per Share $0.86 $0.64
Diluted Earnings Per Share $0.85 $0.63
COMMON SHARES
Basic Shares Outstanding 5.187M 5.171M
Diluted Shares Outstanding 5.253M 5.231M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $233.6M $58.06M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $13.80M $14.77M
YoY Change -6.57% 3.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.207B $879.6M
YoY Change 37.28% 5.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.400M $7.800M
YoY Change 20.51% -8.24%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $11.60M $8.400M
YoY Change 38.1% -5.62%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.400M $7.800M
YoY Change 20.51% -8.24%
LONG-TERM LIABILITIES
Long-Term Debt $10.30M $10.30M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $10.30M $10.30M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.400M $7.800M
Total Long-Term Liabilities $10.30M $10.30M
Total Liabilities $1.105B $789.3M
YoY Change 40.05% 4.04%
SHAREHOLDERS EQUITY
Retained Earnings $91.47M $78.46M
YoY Change 16.58% 19.2%
Common Stock $7.858M $7.425M
YoY Change 5.83% 5.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.0M $90.23M
YoY Change
Total Liabilities & Shareholders Equity $1.207B $879.6M
YoY Change 37.28% 5.8%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $4.441M $3.316M
YoY Change 33.93% -13.15%
Depreciation, Depletion And Amortization $380.0K $350.0K
YoY Change 8.57% -2.78%
Cash From Operating Activities $8.592M $7.143M
YoY Change 20.29% 3.43%
INVESTING ACTIVITIES
Capital Expenditures $55.00K $410.0K
YoY Change -86.59% 102.97%
Acquisitions
YoY Change
Other Investing Activities -$52.16M -$3.580M
YoY Change 1356.98% -59.87%
Cash From Investing Activities -$52.21M -$3.994M
YoY Change 1207.24% -56.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $92.33M $7.967M
YoY Change 1058.94% 2685.66%
NET CHANGE
Cash From Operating Activities $8.592M $7.143M
Cash From Investing Activities -$52.21M -$3.994M
Cash From Financing Activities $92.33M $7.967M
Net Change In Cash $48.71M $11.12M
YoY Change 338.23% -675.06%
FREE CASH FLOW
Cash From Operating Activities $8.592M $7.143M
Capital Expenditures $55.00K $410.0K
Free Cash Flow $8.537M $6.733M
YoY Change 26.79% 0.43%

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CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
4081000 USD
CY2021Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
2000 USD
CY2020Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
-0 USD
CY2021Q1 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
23342000 USD
CY2020Q1 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
6823000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
58000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
118000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
410000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52211000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3994000 USD
CY2020Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-7630000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
726000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
-0 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
142000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
35000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
92333000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7967000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
48714000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11116000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
184909000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46942000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
233623000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
58058000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
269000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
383000 USD
CY2021Q1 plbc Real Estate And Vehicles Acquired Through Foreclosure
RealEstateAndVehiclesAcquiredThroughForeclosure
224000 USD
CY2020Q1 plbc Real Estate And Vehicles Acquired Through Foreclosure
RealEstateAndVehiclesAcquiredThroughForeclosure
127000 USD
CY2021Q1 plbc Stock Retired
StockRetired
0 USD
CY2020Q1 plbc Stock Retired
StockRetired
46000 USD
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b><em style="font: inherit;">1.</em> </b><b>THE BUSINESS OF PLUMAS BANCORP</b></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p> <p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">During <em style="font: inherit;">2002,</em> Plumas Bancorp (the "Company") was incorporated as a bank holding company for the purpose of acquiring Plumas Bank (the "Bank") in a <em style="font: inherit;">one</em> bank holding company reorganization. This corporate structure gives the Company and the Bank greater flexibility in terms of operation, expansion and diversification. The Company formed Plumas Statutory Trust I ("Trust I") for the sole purpose of issuing trust preferred securities on <em style="font: inherit;"> September 26, 2002. </em>The Company formed Plumas Statutory Trust II ("Trust II") for the sole purpose of issuing trust preferred securities on <em style="font: inherit;"> September 28, 2005.</em></p> <p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p> <p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">The Bank operates <span style="-sec-ix-hidden:c72843151">eleven</span> branches in California, including branches in Alturas, Chester, Fall River Mills, Greenville, Kings Beach, Portola, Quincy, Redding, Susanville, Tahoe City, and Truckee. In <em style="font: inherit;"> December 2015 </em>the Bank opened a branch in Reno, Nevada; its <em style="font: inherit;">first</em> branch outside of California and in <em style="font: inherit;">2018</em> the Bank purchased a branch located in Carson City, Nevada. The Bank’s administrative headquarters is in Quincy, California. In addition, the Bank operates a lending office specializing in government-guaranteed lending in Auburn, California, and commercial/agricultural lending offices in Chico California and Klamath Falls, Oregon. The Bank's primary source of revenue is generated from providing loans to customers who are predominately small and middle market businesses and individuals residing in the surrounding areas.</p>
CY2021Q1 plbc Number Of Major Customers
NumberOfMajorCustomers
0 pure
CY2021Q1 plbc Number Of Investment Securities
NumberOfInvestmentSecurities
266 pure
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
201645000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4840000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1829000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
204656000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
3011000 USD
CY2021Q1 plbc Availableforsale Securities Income Tax Expense Benefit On Accumulated Gross Unrealized Gains Losses
AvailableforsaleSecuritiesIncomeTaxExpenseBenefitOnAccumulatedGrossUnrealizedGainsLosses
890000 USD
CY2021Q1 plbc Number Of Securities Sold During Period
NumberOfSecuritiesSoldDuringPeriod
0 pure
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
173018000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6613000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
18000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
179613000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
6595000 USD
CY2020Q4 plbc Availableforsale Securities Income Tax Expense Benefit On Accumulated Gross Unrealized Gains Losses
AvailableforsaleSecuritiesIncomeTaxExpenseBenefitOnAccumulatedGrossUnrealizedGainsLosses
1950000 USD
CY2021Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
81568000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1829000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
81568000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1829000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
6042000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
18000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
6042000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
18000 USD
CY2021Q1 plbc Number Of Investment Securities
NumberOfInvestmentSecurities
266 pure
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
70 pure
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
250000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
250000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
3987000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
4139000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
7144000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
7495000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
51317000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
52504000 USD
CY2021Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
201645000 USD
CY2021Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
204656000 USD
CY2021Q1 plbc Available For Sale Debt Securities Pledged To Secure Deposits And Repurchase Agreements Amortized Cost Basis
AvailableForSaleDebtSecuritiesPledgedToSecureDepositsAndRepurchaseAgreementsAmortizedCostBasis
97711000 USD
CY2020Q4 plbc Available For Sale Debt Securities Pledged To Secure Deposits And Repurchase Agreements Amortized Cost Basis
AvailableForSaleDebtSecuritiesPledgedToSecureDepositsAndRepurchaseAgreementsAmortizedCostBasis
97972000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
733115000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
709939000 USD
CY2021Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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CY2020Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
758000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9962000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9902000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
722416000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
700795000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9902000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7243000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
375000 USD
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3175000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
392000 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
787000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
77000 USD
CY2020 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
271000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9962000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9902000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
3648000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2214000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
30000 USD
CY2021Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
282000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
174000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
436000 USD
CY2021Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
3366000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1778000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1828000 USD
CY2020Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2256000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
15000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
CY2021Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
910000 USD
CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
914000 USD
CY2021Q1 plbc Financing Receivable Modifications Related Allowances
FinancingReceivableModificationsRelatedAllowances
30000 USD
CY2020Q4 plbc Financing Receivable Modifications Related Allowances
FinancingReceivableModificationsRelatedAllowances
31000 USD
CY2020 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 pure
CY2021Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 pure
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3804000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2536000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
75000 USD
CY2020Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
33000 USD
CY2020Q4 plbc Number Of Loans90 Days Past Due And Still Accruing
NumberOfLoans90DaysPastDueAndStillAccruing
0 pure
CY2021Q1 plbc Deferred Loan Origination Costs
DeferredLoanOriginationCosts
707000 USD
CY2020Q1 plbc Deferred Loan Origination Costs
DeferredLoanOriginationCosts
496000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9902000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
392000 USD
CY2021Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
77000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
375000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9962000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7243000 USD
CY2020Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
268000 USD
CY2020Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
79000 USD
CY2020Q1 us-gaap Provision For Loan And Lease Losses
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750000 USD
CY2020Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7804000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
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30000 USD
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9932000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9962000 USD
CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
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3648000 USD
CY2021Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
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729467000 USD
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733115000 USD
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FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
174000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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9728000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9902000 USD
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
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2215000 USD
CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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707724000 USD
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709939000 USD
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0 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3804000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
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4553000 USD
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728562000 USD
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733115000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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0 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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2536000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Past Due
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3688000 USD
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706251000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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709939000 USD
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3648000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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3767000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Related Allowance
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30000 USD
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1828000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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15000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
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2214000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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2352000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
174000 USD
CY2020 us-gaap Impaired Financing Receivable Average Recorded Investment
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1996000 USD
CY2020 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
61000 USD
CY2021Q1 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
150700000 USD
CY2020Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
144400000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4441000 USD
CY2020Q1 us-gaap Net Income Loss
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3316000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5187000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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5171000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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5253000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5231000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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60000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
78000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
142000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
35000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
0 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
10000 USD

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