Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (October 2023)
27 slides from Plumas Bancorp's investor presentation, Oct 24, 2023
Slide 1: Investor Presentation Updated Through September 30, 2023
hee : BANCORP INVESTOR PRESENTATION UPDATED THROUGH SEPTEMBER 30, 2023
Slide 2: Forward Looking Statements Disclaimer
PLUMAS! Mase Forward Looking Statements Disclaimer
Slide 3: Index
Slide 4: Overview
Overview NASDAQ Symbol: PLBC So Sap TotalAssets: $1.6 billion Headquartered: Reno, NV BankBranches: 15, ~ feel Year Established: 1980 Plumas” BANCORP
Slide 5: Plumas Bank Leadership
oa ;ORP Plumas Bank Leadership Inn ai ‘Andrew Ryback Richard Belstock id President & CEO EVP Chief Financial Officer Years at Plumas Bank —22 Yearsat Plumas Bank—17 BJ North Aaron Boigon Jeff Moore On , | \ EVP Chief Banking Officer EVP Chef Information Officer EVP Chief credit officer Yearsat Pluma
Slide 6: Business Model
PLUMAS Business Model Branch network of 15 full-service branches and2 lending offices. Sorc wi de rargeot Gepost. broducts forthe etal and Eommeriol markets. Reduced costs by leveraging mobile dnd onine snthg series Lending serves indude: Buses commari ‘nasal Focus on small to middle market business
Slide 7: The Big Picture
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Slide 8: Net Income
Slide 9: Non-Interest Income streams
» Non-Interest Income streams comprised primarily of: * Interchangerevenue + Service charges on deposit accounts ~ Loan servicing fees © Gains on sale of SBAloans Non-Interest income itil
Slide 10: Return on Equity
© ROE of 21.9% exceeded peer average of 13.72% in 2022 © Strong earnings + Efficient use of capital ;ORP Return on Equity + morto20PunacongoreepsitcABcerBrkMSrEConpnesSOOSIB ay
Slide 11: Stock Price to Earnings per Share
© CAGRof9.8%on stockprice over ‘he past five years as of 13/31/22 © Attributable to: © Eamingsgrowth Asset quality improvement ‘Expense management Capital management ‘Bxpansion opportunities Re establishmentof growing dividend * PE Ratio lags peers while PTBV ratio exceeds peers rue ;ORP Stock Price
Slide 12: Deposits and Loans
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Slide 13: Deposit Trends and Current Composition
PLUMAS, - Deposit Trends and Current Composition + Average interest-bearing deposit rate was 0.49% for the nine months ended September 30, 2023. * Allcore, no brokered deposits
Slide 14: Deposit Detail
Deposit Detail Consumer vs Business Accounts Rate by Product _ See = a = = a | fe a i | = i : = oa ie se Es =e es = =
Slide 15: Loan Trends and Current Composition
PLUMAS iP Loan Trends and Current Composition + Record level of loan balances + Portfolio average veld was.5.8236for the nine eptember 30, 2023. months ended sEGnEEaEaE
Slide 16: Liquidity
PLUMAS P Liquidity No deposit concentrations. Average deposit balance was approximately $35 thousand at 09/30/23. Largest unsecured deposit accounts are collateralized with investments. + All investment securities are Available-For- Sale, no Held-to-Maturity. Borrowing lines available via: + FHLB:$2
Slide 17: Diversification of CRE Loans by Property Type
PLUMAS! mas Real Estate Loans by Property Type Diversification of Commercial Ince Sen fOmer wy
Slide 18: Geographic Distribution of CRE Loans
Geographic Distribution of PUBANCORP Commercial Real Estate Loans CALIFORNIA AND NEVADA ECONOMIC REGIONS CRE DISTRIBUTION BY REGION*
Slide 19: Agricultural Loans
PLUMAS Agricultural Loans * Agricultural lending balances represented Ag Lending Balances 13.7% of total loans as of 9/30/23. eel + Agricultural loans increased by $6.3, million to $131 million at 9/30/23, from 9/30/22. * Aglending portfolio comprised of: + Cattle + Hay * Orchard Crops (Fruits and N
Slide 20: Indirect Automobile Loans
PLUMAS! BAI RP Indirect Automobile Loans Dealer Loan Program discontinued in early 4023 based upon: * Total automobile loans - $105.6 million BALANCE BY + Average balance - $29.9 thousand LOAN TYPE + Average term at origination - 6.4 years eid ghia Lil! * Average FICO at origination - 748 * Delinque
Slide 21: Financial Recap
Financial Recap
Slide 22: Third Quarter 2023 Financial Highlights
ee Third Quarter 2023 Financial Highlights Dollarsin thousands (Except per shere) (09/30/2023 09/30/2022 Change . 1572874 § 1653071 $ (80,197) 1,402,486 $1,511,196 | $ (108,710) 948,719 849,703 RP Loansheld forsale Net income ‘ake Tae Income Before Tax 8 Net Interest income 0.70% Book Value per Shar
Slide 23: 2022 Financial Highlights
PLUMAS! BANCORP 2022 Financial Highlights pe Dollars in thousands (Except per share) 12/31/2022 12/31/2021 change % Change Assets $ 1,621,084 $ 1,614,074 970 Deposits $ 1,457,809 $ 1,438,999 18,810 Loans 911,949 § 838,587 Loans held for sale s $3127 Net income 21,009, Income Before Tax s $28,487 we
Slide 24: 2022 Financial Highlights – Five Year
PLUMAS! BAI RP 2022 Financial Highlights — Five Year Dollars in thousands (€xceptper share) 12/ayf22__ 12/31/21 12/31/20 12/s1/19_ 12/31/18, Assets $4,614074 $1,111,576 $865,191 $ 824,398 % Depos $ $1,438,999 $ 973,974 $747,324 101% $838,587 46 $617,561 § 56 a% = Loans held forsale $ or $31,277 $ 71
Slide 25: Recent Expansion Strategy
a 5 eee Recent Expansion Strategy PLUMAS” BANCORP April2 pened Chico Branch ‘equired Bank of Feather River one Purchased Mutual of Omaha Bank’ Carsoncity Branch
Slide 26: Strengths & Challenges
Challenges * Economic uncertainty + Leadership succession * Cybersecurity ;ORP Strengths Stable Leadership team Strong core deposits *Diversified loan portfolio °Non-Interest Income streams *Capital management Positioned for opportunity in disrupted environment
Slide 27: Recent Awards
Recent Plumas Bancorp & Plumas Bank Performance Based Awards PLUMAS #% Bankers Cup — Recognizing the top 10% of Community Banks 25 east Performing Community Bank inthe Nation 2022 ‘Best Performing Community Bank inthe Nation 2021 3s Bast Performing Community Bank inthe Nation 2020 2 Best Performing
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