Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (October 2022)
27 slides from Plumas Bancorp's investor presentation, Oct 25, 2022
Slide 1: Investor Presentation
INVESTOR PRESENTATION UPDATED THROUGH SEPTEMBER 30, 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 J 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
Overview NASDAQ Symbol: PLBC Total Assets: $1.6 billion Headquartered: Reno, NV Bank Branches: 14 Year Established: 1980 pLumas@™” BANCORP
Slide 5: Plumas Bank Leadership
on ;ORP Plumas Bank Leadership ‘Andrew Ryback Richard Belstock y iy President & CEO EVP Chief Financial Officer Years at Phumas Bank ~ 21 Years at Plumas Bank— 16 8) North ‘Aaron Boigon Jeff Moore rs >. | 4 if { EVP Chief Banking Officer EVP Chief Information Officer __EVP Chief Credit Officer Years
Slide 6: Business Model
PN ar Business Model Branch network of 14 full-service branches and 3 lending offices, ced costs by ke ile Sidonine banesevess Lending services include: uses ere state, comer, salen Focus on small to middle market businesses Panett Goverment guroiced oil-consamey, uo, ome eat
Slide 7: The Big Picture
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Slide 8: Net Income
Net Income
Slide 9: Non-Interest Income
Non-Interest Income » Non-Interest Income streams. comprised primarily of: * Interchange revenue * Service charges on deposit ‘accounts ~ Loan servicing fees » Gains on sale of SBA loans a 7 eo 70 "eH
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 PLUMAS@” BANCORP Return on Bank’s Equity ana Gank CA inks $1538, bpm in 2080"
Slide 11: Stock Price to Earnings per Share
Lieto * CAGR of 6% on stock price over the past five years as of 12/31/21 * Attributable to: © Earnings growth, + Asset quality improvement © Expense management © Capital management Expansion opportunities fe stabishment of growing » PE Ratio lags peers PLUM. BANCORP Stock Price to Earnings per Shar
Slide 12: Deposits and Loans
Deposits and Loans Sununu
Slide 13: Deposit Trends and Current Composition
PLUMAS” P Deposit Trends and Current Composition * Record level of deposits * Average interest-bearing deposit rate is 0.10% * Allcore, no brokered deposits Rest, Owe, Oe, Owes, Dee, Sep,
Slide 14: Loan Trends and Current Composition
PLUMAS Loan Trends and Current Composition * Record level of loan balances Pponiolio merce yield aes eiioein202 * 79% of portfolio balance is variable rate. rms Drea eat One, Ones One asap A mar ae a aanes at Set 302022
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
Diversification of Commercial PUM P Real Estate Loans by Property Type 7z7; Wis! of jp iii, 7 7 LOC“ Incase CR/OwnerandcRE/Matiy RE SUASOK SOK nc ap ep 3.20
Slide 16: Geographic Distribution of Commercial Real Estate Loans
re ee PLUMAS” Geographic Distribution of ERLEEEP Commercial Real Estate Loans CALIFORNIA AND NEVADA ECONOMIC REGIONS: CRE DISTRIBUTION BY REGION* 27% NV - Western (pe green 25K CA Grea to(yelow) 159%: Northern Scrment Vly ah ren) 15% CA Northen a eon ‘i CA- Central coat orange) rate) & Southern Bore
Slide 17: Agricultural Loans
Agricultural Loans * Agricultural lending balances represented Ag Lending Balances 14.6% of total loans as of 9/30/22. oe * Agricultural loans decreased by approximately $10 million to $125 million at 9/30/22, from 9/30/21. » Ag lending portfolio comprised of: * Cattle = Hay * Orchard Crops (Fruits
Slide 18: Indirect Automobile Loans
PLUMAS P Indirect Automobile Loans F rae BALANCE BY LOAN * Total automobile loans - $91.4 million TYPE * Average balance - $27.4 thousand Uns etic mNew vatice Average term at origination - 6.4 years » Average FICO at origination - 738 * Delinquent loans as a percent of total by dollars — 2.49% etn o
Slide 19: 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 the nine months ended 9/30/21- $5.0 million * Fees, net of origination costs, earned during the nine months ended 9/30/22- $1.2 million * B
Slide 20: Financial Recap
Financial Recap
Slide 21: Third Quarter 2022 Financial Highlights
PLUMAS” BANCORP Third Quarter 2022 Financial Highlights Dollars in thousands. {Except per share) 09/30/2022 09/30/2021 Change Assets 1,653,071 |$ 1,571,480 81,591 Deposits 1,511,196 | $ 1,404,446 | $ 106,750 Net Loans 849,703, 828,611 24,092 Loans held for sale 434 28,364 |$ (27,930) Net Income 7228
Slide 22: YTD 2022 Financial Highlights
PLUMAS” BANCORP YTD 2022 Financial Highlights a \ eel eee eel lee ae Net Income $15,505 3,120 \ & <5 Net Interest Marin 370% | (0.10%) 4 i a ROAE Diluted EPS
Slide 23: 2021 Financial Highlights
2021 Financial Highlights PLUMAS” BANCORP 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 28,48
Slide 24: 2021 Financial Highlights – Five Year
PLUMAS” BANCORP 2021 Financial Highlights — Five Year Dollars in thousands (Except per share}+ 32/34/21 | 12/33/20 12/31/19 | 12/31/18 | 12/33/17 Assets $1614,074 | $1,111,576 | $865,191 | $ 824398 | $ 745,427 aoe sa ES $1,438,999 |$ 973,974 | $747,324 | $ 726,565 | $ 662,657 = Ea 3 838587 |$ 709,24
Slide 25: Recent Expansion Strategy
Purchased Rabo Sank’s Reding Branch anton ridge, eon Sarit Recent Expansion Strategy pLumas@™” BANCORP Ca bee's ||) Purchased Opened |», Mutual of mata Bank’s Carson City Branch
Slide 26: Strengths & Challenges
Challenges » Rapidly changing interest rate environment * Economic uncertainty * Leadership succession © Cybersecurity runes Strengths °Stable Leadership team Strong core deposits *Diversified loan portfolio *Non-Interest Income streams *Capital management Positioned for opportunity in disrupted env
Slide 27: Recent Awards
Recent Plumas Bancorp & Plumas Bank Performance Based Awards mune + 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 2 Best Performing Community Bank in the Nation 2018-2019 5! Best Per
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