Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (July 2020)
27 slides from Plumas Bancorp's investor presentation, Jul 27, 2020
Slide 1: Plumas Bancorp Investor Presentation
Slide 2: Forward Looking Statements Disclaimer
PLUMAS) Ge Forward Looking Statements Disclaimer r Forward-looking statements are based on management's knowledge and belief as of today and include information concerning Plumas Bancorp’ possible or assumed future financial condition, and its results of operations, business and earnings outlook. Th
Slide 3: Index
Slide 4: Overview
Pumas onkdministration Buide Cuincy Overview NASDAQ Symbol: PLBC Total Assets: $1 billion Headquartered: Quincy, CA BankBranches: 13 Year Established: PLUMAS! MA
Slide 5: Management Team
Andrew Ryback Richard Belstock ef President & CEO EVP Chief Financial Officer Years at Plumas Bank 19 Years at Plumas Bank 14 BJ. North ‘Aaron Boigon Jeff Moore ft) EVP Chief Banking Officer EVP Chief Information Officer __EVP Chief Credit Officer Yearsat PlumasBank-12 _Yearsat Plumas Bank -7 ‘Years
Slide 6: Business Model
UNE ‘ORP Business Model © Branch network of 13 full-service branches and 3 lending offices. * Predominant focus on personal ‘service with a wide range of deposit products for the retail and ‘commercial markets. * Reduce costs by increasing mobile ‘and online banking services. © Lending services incl
Slide 7: The Big Picture
The Big Picture
Slide 8: Net Income
Tronandt Net Income
Slide 9: Non-Interest Income
Non-Interest Income , fe | = 208 7 = son | bated “200 — - $67 ' = src hs on Opt Acts terchage Revenue ® Gaon Sl of S878 Loans oan Suc Fees "Ober meome
Slide 10: Return on Bank's Equity
Return on Bank’s Equity nes Gg ox A bnks SONS
Slide 11: Stock Price to Earnings per Share
Stock Price to Earnings per Share Soe eeog SSSR ES
Slide 12: Deposits and Loans
Deposits and Loans Seen atte
Slide 13: Deposit Trends and Current Composition
ME ne Deposit Trends and Current Composition RECORD LEVEL OF DEPOSITS ‘ALL CORE, NO BROKERED DEPOSITS AVERAGE INTEREST-BEARING DEPOSITS RATE IS 0.21% gees ebb8E a8 alancesaroftune 30,2020
Slide 14: Loan Trends and Current Composition
ME ne Loan Trends and Current Composition DIVERSIFIED, GROWING LOAN PORTFOLIO. RECORD LEVEL OF LOAN BALANCES 62% OF PORTFOLIO BALANCE IS VARIABLE RATE PORTFOLIO AVERAGE YIELD 5.19% (OF WHICH 38% ARE AT A FLOOR RATE eonanetanOoer =) Ec) san Es) J som Eo) salancesasot une 30,2020
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
MT Diversification of Commercial Real Estate Loans by Property Type 7.000000 , fo oP Se Pe & e “ £ é LOL OSPE LS Fz SAA Lo f £ ra a - oS eS # ke * » eS - ra 2 4 f
Slide 16: Diversification of Real Estate Construction Loans by Property Type
Diversification of Real Estate Construction Loans by Property Type _ ~ fl | | i =
Slide 17: Geographic Distribution of Commercial Real Estate Loans
ne PLUMAS Geographic Distribution of BAN ORE Commercial Real Estate Loans CALIFORNIA ECONOMIC REGIONS Ince aint Ct/Owner andCRE/Multfony CRE DISTRIBUTION BY REGION 25%-Northern Nevada 23% - Northern Sacramento Valley (light green) 21% -Northern California (dark green) 13% - Greater Sacramento (yello
Slide 18: Payroll Protection Program Loans
MT Payroll Protection Program Loans * Total PPP loans - $116 million » Average balance - $107 thousand * Fees collected from the SBA - $4.8 million * Balance of unearned fees - $4.4 million * Balance with a two-year maturity - $115 million * Balance with a five-year maturity - $1 million olncesasofh
Slide 19: Indirect Automobile Loans
MT Indirect Automobile Loans * Total Automobile loans - $92 million BALANCE BY LOAN * Based on number of loans, at origination approximately TYPE half were new vehicles and half used vehicles. New vehicles Used vehide * Average balance - $25 thousand * Average term at origination - 6.4 years * Avera
Slide 20: Loans with Payment Deferrals
PLUMAS, MAS » Loans with Payment Deferrals (in thousands) At June 30, 2020 there were 416 loans on deferral totaling $104 million Month Payments Resume July | August September October | Other $ $ BE - S$ 23 $ 72,083 1,674 1,975 436 931 8,393 - 2,420 Equity Lines of Credit 203 236 JAutomobile , 9 134
Slide 21: Financial Recap
Financial Recap
Slide 22: 2019 Financial Highlights
2019 Financial Highlights PLUMAS, MAS » Dollars in thousands (Except per share) Assets Deposits Loans Net Income Income Before Tax Net interest Income Net interest Margin ROAA ROAE Book Value per Share Diluted EPS 5 $ $ 12/31/2019 865,191 741,324 619,718 15,512 12/31/2018 824,398 726,565 566,199 13,
Slide 23: 2019 Financial Highlights – Five Year
PLUMAS, MAS » 2019 Financial Highlights — Five Year Dollarsin thousands (Except per share) 12/31/19 12/31/18 12/31/17 12/31/16 12/31/15 Assets $865,191 $824,398 $745,427 $657,975 Dep $747,324 $582,353, Loans $619,718 $461,123 Nonperforming assets/total assets 0.33% 0.53% Net Income 15,512 7,A74 Net
Slide 24: Second Quarter 2020 Financial Highlights
PLUMAS, MAS » Second Quarter 2020 Financial Highlights Dollarsin thousands ml ie Ts 6/30/2020 $ 1,036,864 741,751 3,185 9,148 4.01% 131% 14.0% 061 6/30/2019 Change % Change $839,258 $ 197,606 24% $ 737,211 $ 166,781 23% 592,138 $ 149,613 25%
Slide 25: Recent Expansion Strategy
Recent Expansion Strategy A BANCORP
Slide 26: Strengths and Challenges
*Stable Management Team °Strong Core Deposits *Diversified Loan Portfolio Se Strengths Challenges * COVID-19 Pandemic °Strong Net Interest Margin ODN SS cele MENEAME: eNon-Interest Income Streams ‘Succession . * Cybersecurity *Capital Management
Slide 27: Best Performing Community Bank in the Nation
4 24 Best Performing Community Bank in the Nation (bby taed wth sets between 00 ilo an 10 be) ‘By Reymond somes &Asoctes + Top 2% of all Community Banks {wthassts unde $3 bilo) 87 SEP Goto Market inttigence “CB Top 10 Community Bank {wth assets between $500 milion and $ bllon By CB Resouces Ine. + ‘