2024 Q2 Form 10-Q Financial Statement

#000143774924014989 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $743.0K $715.0K
YoY Change 7.06% 15.88%
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 $271.0K $448.0K
YoY Change -30.87% 16.06%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.569M
YoY Change 302.66%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.286M $8.379M
YoY Change 3.94% -18.85%
Income Tax $2.500M $2.125M
% Of Pretax Income 26.92% 25.36%
Net Earnings $6.786M $6.254M
YoY Change 1.89% -17.99%
Net Earnings / Revenue 913.32% 874.69%
Basic Earnings Per Share $1.15 $1.06
Diluted Earnings Per Share $1.14 $1.05
COMMON SHARES
Basic Shares Outstanding 5.896M 5.894M
Diluted Shares Outstanding 5.946M 5.946M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $109.9M $128.2M
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 $12.87M $12.96M
YoY Change -33.59% -30.81%
Goodwill $5.502M $5.502M
YoY Change 0.0% 0.0%
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 $1.642B $1.640B
YoY Change 4.39% 3.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.36M $59.15M
YoY Change 33.33% 79.72%
Accrued Expenses $25.20M $25.42M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $120.0M $120.0M
YoY Change 1100.0% 1100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $172.4M $179.2M
YoY Change 249.84% 317.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $172.4M $179.2M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.477B $1.479B
YoY Change 2.25% 2.01%
SHAREHOLDERS EQUITY
Retained Earnings $161.6M $156.4M
YoY Change 16.11% 16.73%
Common Stock $28.66M $28.49M
YoY Change 3.31% 3.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $165.2M $161.5M
YoY Change
Total Liabilities & Shareholders Equity $1.642B $1.640B
YoY Change 4.39% 3.92%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $6.786M $6.254M
YoY Change 1.89% -17.99%
Depreciation, Depletion And Amortization $271.0K $448.0K
YoY Change -30.87% 16.06%
Cash From Operating Activities $5.076M $9.162M
YoY Change -51.96% -38.25%
INVESTING ACTIVITIES
Capital Expenditures $230.0K $191.0K
YoY Change -76.51% -80.02%
Acquisitions
YoY Change
Other Investing Activities -$21.08M $42.52M
YoY Change 50.24% -214.24%
Cash From Investing Activities -$21.31M $42.33M
YoY Change 41.97% -210.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.146M -$8.919M
YoY Change -77.34% -83.61%
NET CHANGE
Cash From Operating Activities 5.076M $9.162M
Cash From Investing Activities -21.31M $42.33M
Cash From Financing Activities -2.146M -$8.919M
Net Change In Cash -18.38M $42.58M
YoY Change 32.12% -154.76%
FREE CASH FLOW
Cash From Operating Activities $5.076M $9.162M
Capital Expenditures $230.0K $191.0K
Free Cash Flow $4.846M $8.971M
YoY Change -49.46% -35.38%

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448000 usd
CY2023Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
386000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
100000 usd
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ShareBasedCompensation
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CY2024Q1 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
267000 usd
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InvestmentIncomeAmortizationOfPremium
324000 usd
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AccretionAmortizationOfDiscountsAndPremiumsInvestments
264000 usd
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AccretionAmortizationOfDiscountsAndPremiumsInvestments
201000 usd
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GainLossOnSaleOfLoansAndLeases
230000 usd
CY2024Q1 plbc Loans Originated Forsale
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251000 usd
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LoansOriginatedForsale
736000 usd
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ProceedsFromSaleOfLoansHeldForSale
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CY2023Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
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BankOwnedLifeInsuranceIncome
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BankOwnedLifeInsuranceIncome
104000 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
19854000 usd
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GainLossOnDispositionOfAssets
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IncreaseDecreaseInOtherOperatingAssets
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IncreaseDecreaseInOtherOperatingAssets
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CY2024Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
924000 usd
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IncreaseDecreaseInOtherAccruedLiabilities
170000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9162000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14838000 usd
CY2024Q1 plbc Proceeds From Principal Repayments Of Mortgagebacked Securities Mbs Availableforsale
ProceedsFromPrincipalRepaymentsOfMortgagebackedSecuritiesMbsAvailableforsale
7871000 usd
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ProceedsFromPrincipalRepaymentsOfMortgagebackedSecuritiesMbsAvailableforsale
7011000 usd
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ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
114838000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
850000 usd
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1135000 usd
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
88805000 usd
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PaymentsToAcquireAvailableForSaleSecuritiesDebt
40338000 usd
CY2024Q1 us-gaap Payments To Acquire Federal Reserve Stock
PaymentsToAcquireFederalReserveStock
3000 usd
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2000 usd
CY2024Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
18227000 usd
CY2023Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
5494000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
310000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
139000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
480686000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1173000 usd
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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
34414000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
447445000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
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155 pure
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114838000 usd
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1883000 usd
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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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ProceedsFromLifeInsurancePolicies
327000 usd
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25690000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Buildings
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PaymentsToAcquirePropertyPlantAndEquipment
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PaymentsToAcquirePropertyPlantAndEquipment
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NetCashProvidedByUsedInInvestingActivities
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NetIncreaseInDemandInterestBearingAndSavingsdeposits
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NetIncreaseInDemandInterestBearingAndSavingsdeposits
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IncreaseDecreaseInTimeDeposits
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CY2023Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
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CY2024Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
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CY2023Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
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CY2024Q1 us-gaap Payments Of Dividends Common Stock
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1463000 usd
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CY2023Q1 us-gaap Payments For Repurchase Of Trust Preferred Securities
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CY2024Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
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CY2023Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
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CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
359000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
137000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
42576000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
183426000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
128231000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105676000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
2569000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
632000 usd
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RealEstateAndVehiclesAcquiredThroughForeclosure
220000 usd
CY2023Q1 plbc Real Estate And Vehicles Acquired Through Foreclosure
RealEstateAndVehiclesAcquiredThroughForeclosure
303000 usd
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StockRetired
39000 usd
CY2023Q1 plbc Stock Retired
StockRetired
154000 usd
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RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22588000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2024Q1 us-gaap Nature Of Operations
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<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>In <em style="font: inherit;"> March 2023 </em>the Trusts were dissolved. Plumas Bancorp's Principal Executive Office is located in Reno, Nevada.</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 <em style="font: inherit;">thirteen</em> branches in California, including branches in Alturas, Chester, Chico, Fall River Mills, Greenville, Kings Beach, Portola, Quincy, Redding, Susanville, Tahoe City,  Truckee and Yuba City. The Bank's newest branch was opened in <em style="font: inherit;"> April 2023 </em>and is located in Chico, California. The Bank’s administrative headquarters are in Quincy, California. 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. In addition, the Bank operates a lending office specializing in government-guaranteed lending in Auburn, California, and a commercial/agricultural lending office in 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> <p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> </p>
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AvailableForSaleSecuritiesDebtSecurities
489181000 usd
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CY2024Q1 us-gaap Held To Maturity Securities
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109858000 usd
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FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
33192000 usd
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
725000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
321809000 usd
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
47246000 usd
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391572000 usd
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DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
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CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
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CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
186 pure
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
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309 pure
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5493000 usd
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5399000 usd
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14418000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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14299000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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CY2024Q1 us-gaap Available For Sale Securities Debt Securities
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288168000 usd
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FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
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FinancingReceivableAllowanceForCreditLosses
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FinancingReceivableAllowanceForCreditLosses
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CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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FinancingReceivableAllowanceForCreditLossesWriteOffs
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FinancingReceivableAllowanceForCreditLossesWriteOffs
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CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
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FinancingReceivableAllowanceForCreditLossesRecovery
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CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2024Q1 plbc Deferred Loan Origination Costs
DeferredLoanOriginationCosts
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CY2023Q1 plbc Deferred Loan Origination Costs
DeferredLoanOriginationCosts
562000 usd
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FinancingReceivableOriginatedInCurrentFiscalYear
32421000 usd
CY2024Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
169550000 usd
CY2024Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
224591000 usd
CY2024Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
133129000 usd
CY2024Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
107708000 usd
CY2024Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
230666000 usd
CY2024Q1 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
77983000 usd
CY2024Q1 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
3250000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
979298000 usd
CY2024Q1 us-gaap Financing Receivable Year One Originated Current Fiscal Year Writeoff
FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
129000 usd
CY2024Q1 us-gaap Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
308000 usd
CY2024Q1 us-gaap Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
46000 usd
CY2024Q1 us-gaap Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
65000 usd
CY2024Q1 us-gaap Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
132000 usd
CY2024Q1 us-gaap Financing Receivable Revolving Writeoff
FinancingReceivableRevolvingWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Revolving Converted To Term Loan Writeoff
FinancingReceivableRevolvingConvertedToTermLoanWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
680000 usd
CY2023Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
164713000 usd
CY2023Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
225826000 usd
CY2023Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
139988000 usd
CY2023Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
110395000 usd
CY2023Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
65010000 usd
CY2023Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
176034000 usd
CY2023Q4 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
76233000 usd
CY2023Q4 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
3272000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
961471000 usd
CY2023 us-gaap Financing Receivable Year One Originated Current Fiscal Year Writeoff
FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
CY2023 us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
471000 usd
CY2023 us-gaap Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
642000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.323 pure
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0317 pure
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
9.25
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
199000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
532000 usd
CY2024Q1 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
39000 usd
CY2024Q1 plbc Financing Receivable Allowance For Credit Loss Nonaccrual Loans
FinancingReceivableAllowanceForCreditLossNonaccrualLoans
28000 usd
CY2023 us-gaap Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
P9M3D
CY2024Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
5610000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
979298000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4820000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
961471000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
331000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
88000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
87000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
359000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
137000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
69000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
49000 usd
CY2024Q1 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
165600000 usd
CY2023Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
174600000 usd
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
720000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
799000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
6254000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
7626000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.3
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5887000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5855000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5946000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5940000
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0398 pure
CY2024Q1 plbc Impairment Of Collateral Dependent Loans
ImpairmentOfCollateralDependentLoans
0 usd
CY2023Q1 plbc Impairment Of Collateral Dependent Loans
ImpairmentOfCollateralDependentLoans
271000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1707000 usd

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0001437749-24-014989.txt Edgar Link pending
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plbc20240331_10q.htm Edgar Link pending
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plbc-20240331_lab.xml Edgar Link unprocessable
plbc-20240331_pre.xml Edgar Link unprocessable
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