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Plumas Bancorp Receives Second Award for Last Year’s Performance – Ranked 2nd Best Performing Community Bank in Nation
QUINCY, Calif., April 03, 2019 (GLOBE NEWSWIRE) -- Plumas Bancorp (NASDAQ:PLBC), the holding company (the "Company") for Plumas Bank, recently announced that
About this update from Plumas Bancorp
[{"type":"text","content":"QUINCY, Calif., April 03, 2019 (GLOBE NEWSWIRE) -- Plumas Bancorp (NASDAQ:PLBC), the holding company (the \"Company\") for Plumas Bank, recently announced that it was awarded the prestigious 2018 Raymond James & Associates Community Bankers Cup, which recognizes the top 10 percent of community banks in the nation. In 2017, Raymond James ranked Plumas Bank fifth best performing community bank in the nation and in 2018 that ranking improved to second best. The Raymond James award is the second award the bank has received for last year's operational results with the first being a top 2% ranking of community banks by S&P Global Market Intelligence.Raymond James evaluated 258 community banks that are exchange-traded domestic banks with assets between $500 million and $10 billion as of December 31, 2018. Each bank's performance was judged by various metrics regarding profitability, operational efficiency and the balance sheet. The six financial performance and stability measures include nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets and return on average tangible common equity.Director, President and Chief Executive Officer, Andrew J. Ryback, commented, \"We are honored that Plumas Bancorp has been included with the best of the best of community banks for the second year in a row by such a respected company as Raymond James.\"He continued, \"We are thrilled to have been recognized first by S&P Global and now by Raymond James for our exceptional performance and for building long-term shareholder value. It's due to the vision and leadership of our directors and executives as well as the hard work and dedication of our team that we achieved such strong financial performance in 2018.\"About Plumas BankFounded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Northeastern California. The Bank operates thirteen branches: eleven located in the California counties of Plumas, Lassen, Placer, Nevada, Modoc and Shasta and two branches located in Nevada in the counties of Washoe and Carson City. The Bank also operates four loan production offices: three located in the California Counties of Placer, Butte, and Tehama, and one located in the Oregon County of Klamath. Plumas Bank offers a wid...