Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (April 2022)
25 slides from Plumas Bancorp's investor presentation, Apr 28, 2022
Slide 1: Investor Presentation, Updated Through March 31, 2022
om - PLUMAS a - BANCORP si INVESTOR PRESENTATION UPDATED THROUGH MARCH 31, 2022
Slide 2: Forward Looking Statements Disclaimer
PLUMAS” BANCORP Forward Looking Statements Disclaimer Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning Plumas Bancorp’s possible or assumed future @ financial condition, and its results of operations, business and earnings outlo
Slide 3: Index
Slide 4: Overview
arson Vey Overview NASDAQ Symbol: PLBC Total Assets: $1.6 billion Headquartered: Quincy, CA Bank Branches: 14 Year Established: 1980 Plumas” BANCORP
Slide 5: Plumas Bank Leadership
PLUMAS: BANCORP Plumas Bank Leadership Inganvsley Andrew Ryback Richard Belstock , President & CEO EVP Chief Financial Officer Years at Plumas Bank ~ 20 Years at Plumas Bank ~15 lig BJ North ‘Aaron Boigon Jeff Moore on 4 i] EVP Chief Banking Officer EVP Chief information Officer EVP Chief Credit off
Slide 6: Business Model
PLUMAS” Business Model + Branch network of 14 full-service branches and 3 lending offices. Predominant focus on Me Wise enon products or te eel and commercial markets. = Reduced costs by leveraging mobile and online banking a tecing seciices cee ‘Business term reat estate, commercial, eer ee Focus o
Slide 7: The Big Picture
be" Pi: Maly Way above Bons Ro The Big Picture ss
Slide 8: Net Income
$25,000 Net Income
Slide 9: Non-Interest Income
Non-Interest Income North shore ake Tahoe Thousands * Non-Interest Income streams comprised primarily of: * Interchange revenue * Service charges on deposit accounts ~ Loan servicing fees © Gains on sale of SBA loans PLUMAS” 2007 208 2019 2020 20 ‘sve Chrason pst Aen mnterehangeRevense & Gan on Sal
Slide 10: Return on Bank's Equity
* ROE of 17.44% exceeded peer average of 11.9% in 2021 * Strong earnings * Efficient use of capital ORP 150% 100% Return on Bank’s Equity 208% 137% 108% 123% Fumas snk —CA Bans $1838, begming 2020" * Pie 12020, Pumas compated agains CA Banks SSOOMSI8
Slide 11: CAGR of 12% on stock price over past five years
* CAGR of 12% on stock price over the past five years ~ Attributable to: Earnings growth Asset quality improvement Expense management Capital management Expansion opportunities Re-establishment of growing dividend * PE Ratio lags peers: PLUM: Stock Price to Earnings per Share pane panos pio sparen a
Slide 12: Deposits and Loans
Deposits and Loans
Slide 13: Deposit Trends and Current Composition
PUMA Deposit Trends and Current Composition * Record level of deposits * Average interest-bearing deposit rate is 0.11% * All core, no brokered deposits Dee si, "Deca, Dee 31,” Dee 31, Dee 31, Mar 31,
Slide 14: Loan Trends and Current Composition
eee Loan Trends and Current Composition * Record level of loan balances + 77% of portfolio balance is variable rate, * Portfolio average yield was 5.41% in 2021 of which 48% are at a floor rate ome aay ten Seances as of Mar. 32,2022
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
PLUMAS” BANCORP Diversification of Commercial Real Estate Loans by Property Type LODPISAA LEASE | CAS Y a C4 Lo ta Oa Includes CREAnvestor,CRE/Owner and CRE/Muariy CRE mSBASOH =50A72 ‘slances af Mar. 3, 2022
Slide 16: Geographic Distribution of Commercial Real Estate Loans
Geographic Distribution of PLUMAS” BANCORP Commercial Real Estate Loans CALIFORNIA AND NEVADA ECONOMIC REGIONS CRE DISTRIBUTION BY REGION* 27%: NV -Wester (pale green) 22%- CA Greater Sacramento yellow) 17%. CA- Northern Sacramento Valley ight green) 17% CA- Northern (dark green) 63 -CA- Centra Coas
Slide 17: Payroll Protection Program Loans
PLUMAS” BANCORP Payroll Protection Program Loans ° Fees, net of origination costs, earned in 2021 - $6.1 million * Fees, net of origination costs, earned during 1% Q 2022 - $604 thousand * Balance of unearned fees - $689 thousand * Balance of remaining 112 PPP loans - $18.7 million * Balance with a
Slide 18: Indirect Automobile Loans
PLUMAS” BANCORP Indirect Automobile Loans . ae BALANCE BY LOAN * Total automobile loans - $86.8 million TYPE * Average balance - $26.3 thousand See Average term at origination - 6.4 years Average FICO at origination - 736 * Delinquent loans as a percent of total by dollars — 2.12% lances kof Ma. 31,
Slide 19: Financial Recap
Sunset oniake Tahoe Financial Recap
Slide 20: First Quarter 2022 Financial Highlights
Assets, Deposits Loans Loans held for sale Net Income Income Before Tax Net Interest Income Net interest Margin ROAA ROAE Book Value per Share Diluted EPS 03/31/2022 1,622,232 1,467,658 830,176 13,953 5,718 7,692 12,015 3.21% 1.42% 17.6% 21.08 0.97 03/31/2021 1,207,481 41,069,218 719,894 2,522 4441
Slide 21: 2021 Financial Highlights
PLUMAS” BANCORP 2021 Financial Highlights Dollars in thousands (Except per share) Assets Deposits Loans Loans held for sale Net Income Income Before Tax Net Interest income Net Interest Margin ROAA ROAE Book Value per Share Diluted EPS 12/31/2021 $ 1,614,074 1,438,999 838,587 31,277 21,009 28,487 46
Slide 22: 2021 Financial Highlights — Five Year
PLUMAS” BANCORP 2021 Financial Highlights — Five Year Dollars in thousands (Except per share)+ 12/31/21 12/31/20 12/31/19 | 12/31/18 | 12/31/17 Assets $1,614,074 $1,111,576 $865,191 824,398 $ 745,427 Deposits $1,438,999 | $ 973,974 | $747,324 |$ 726,565 | $ 662,657 Loans $ 838,587 709,246 $617,561 5
Slide 23: Recent Expansion Strategy
ee a ae Fainbow Bridge, omer Simm Recent Expansion Strategy Plumas” BANCORP Purchased Rabo Bank’s Redding Branch pr 16 | opened tro Dec 15, Opened Reno Branch’ July 2 Acquired Bank | of Feather River ct 18 Purchased Mutual of Omaha Bank's Carson City, Branch vs
Slide 24: Strengths and Challenges
Lake Tahoe Challenges * Replacing PPP loans as balances are forgiven. * Margin compression * Leadership succession * Cybersecurity ORP Strengths Stable Leadership team Strong core deposits *Diversified loan portfolio *Non-Interest Income streams *Capital management Positioned for opportunity in disr
Slide 25: Recent Awards
Recent Plumas Bancorp & Plumas Bank Performance Based Awards PLUMAS” + Bankers Cup ~ Recognizing the top 10% of Community Banks 4® Best Performing Community Bank in the Nation 2021 3° Best Performing Community Bank in the Nation 2020 24! Best Performing Community Bank in the Nation 2018-2019 St" Bes