Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (April 2020)
24 slides from Plumas Bancorp's investor presentation, Apr 17, 2020
Slide 1: Investor Presentation
~~ PLUMAS¢ : BANCORP A ‘ - INVESTOR PRESENTATION 7 e: AR |
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 outlook
Slide 3: Overview
Overview Management 7 Business Model Net income Non-interest income ROE Stock Price Deposit Trends and Current Composition Loan Trends and Current Comps Diversifi Diversi Geographic Distributi 2018FinancialHighlights 2019 Financial Highlights Five Year First Quarter 2020 FinancialHighlights Recent E
Slide 4: Overview
Plumas Bank Administration Building, Quincy Overview NASDAQ Symbol: PLBC Total Assets: $880 million Headquartered: Quincy, CA BankBranches: 13 Year Established: 1980 PLUMAS BANCORP
Slide 5: Management Team
PLUMAS BANCORP Management Team Andrew Ryback Richard Belstock ? President & CEO EVP Chief Financial Officer Years at Plumas Bank — 19 Years at Plumas Bank — 14 B.J. North Aaron Boigon Jeff Moore EVP Chief Banking Officer EVP Chief Information Officer EVP Chief Credit Officer Years at Plumas Bank - 1
Slide 6: Business Model
PLUMAS BANCORP 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. Reduced costs by increasing mobile and online banking services. Lending services include:
Slide 7: The Big Picture
Patterson Lake The Big Picture
Slide 8: Net Income
$16,000 $14,000 $12,000 $10,000 ‘$8,000 Thousands ‘$6,000 $4,000 Net Income 2015 2017 2018 2019
Slide 9: Non-Interest Income
Non-Interest Income $9,000 r r 91,428 ‘$8,000 ‘ $1,056 | oo va aay 208 a $800 | ‘$760 Va 7 - $2,089 co - 5067 \ i fi 2015 2016 2017 2018 2019 / srvc Chrgs on Dpst Accnts ml Interchange Revenue = Gain on Sale of SBA 7a Loans BiLoan SrvcFees = Other Income
Slide 10: Return on Bank's Equity
Return on Bank’s Equity 25.0% 208% 20.0% 187% Spanish Creek 15.0% 135% 137% * ROE leads Bank Peers at a 113% 18.7% in 2019 100% * Improved Earnings Bz hn : : 50% * Efficient use of Capital 0.0% 2015 2016 2017 2018 2019 Plumas Bank —=—=CA Banks $500M-$18 PLUMAS BANCORP 10
Slide 11: Stock Price to Earnings per Share
Lake Almanor * Stock Price has increased 230% in the last 5 years * Attributable to: * Earnings Growth » Asset Quality Improvement » Expense Management * Capital Management * Expansion Opportunities * Re-establishment of Growing Dividend ° PE Ratio lags Bank Peers PLUMAS BANCORP Stock Price to Earni
Slide 12: Deposits and Loans
Deposits and Loans
Slide 13: Deposit Trends and Current Composition
PLUMAS” BANCORP Deposit Trends and Current Composition RECOM) MEV Clr DIATE AVERAGE INTEREST BEARING DEPOSITS RATE IS 0.25% ALL CORE, NO BROKERED DEPOSITS seo = sm $663, Sa oO) ess27 2 $500 2 = saoo $800 $200 100 $0 + — Balances as of March 31,2020
Slide 14: Loan Trends and Current Composition
PLUMAS” BANCORP Loan Trends and Current Composition DIVERSIFIED, GROWING LOAN PORTFOLIO RECORD LEVEL OF LOAN BALANCES 74% OF PORTFOLIO BALANCE IS VARIABLE RATE PORTFOLIO AVERAGE YIELD 5.55% OF WHICH 37% ARE AT A FLOOR RATE RE/Construction $700 $620 $624 pe $565, 5 $500 $461 $400 $300 $200 $100 20152
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
6 ve : . PLUMAS: Diversification of Commercial BANCORP Real Estate Loans by Property Type ‘90,000,000 80,000,000 vooneco fl 60,000,000 50,000,000 40,000,000 Includes CRE/Investor, CRE/Owner and CRE/Multifamily CRE MSBASO4 BSBA 7a Balances as of March 31, 2020
Slide 16: Diversification of Real Estate Construction Loans by Property Type
Diversification of Real Estate Construction Loans by Property Type Chart Title 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 ~ cl LI |_| Mini Stor ital (Gas Stations with MutiFami ‘Special Pur ce Store CRE ‘March 31,2020
Slide 17: Geographic Distribution of Commercial Real Estate Loans
PLUMAS: BANCORP Geographic Distribution of Commercial Real Estate Loans CALIFORNIA ECONOMIC REGIONS CRE DISTRIBUTION BY REGION 24% - Northern Nevada 23% - Northern Sacramento Valley (light green) 20% - Northern California (dark green) 15% - Greater Sacramento (yellow) 5% - Bay Area (pink) 4% - Centr
Slide 18: Financial Recap
Modoc County Financial Recap
Slide 19: 2019 Financial Highlights
PLUMAS: 2019 Financial Highlights ESN Dollars in thousands (Except per share) 12/31/2019 12/31/2018 Change % Change 865,191 824,398 40,793 5% 747,324 726,565 20,759 3% 619,718 566,199 ps,o19 9% Assets Deposits $ $ Loans $ Net Income g 15,512 13,992 1,520 11% $ $ Income Before Tax 21,380 19,126 2,254
Slide 20: 2019 Financial Highlights — Five Year
PLUMAS: BANCORP 2019 Financial Highlights — Five Year Dollars in 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 $599,286 Deposits $747,324 $726,565 $662,657 $582,353 $527,276 Loans $619,718 $566,199 $486,634 $461,123 $400,971 Nonp
Slide 21: First Quarter 2020 Financial Highlights
PLUMAS: BANCORP First Quarter 2020 Financial Highlights Dollars in thousands (Except EPS) 3/31/2020 # Dice ae bE Assets 879,571 Deposits 762,886 Loans 623,743 Net Income 3,316 Net Interest Income 9,221 Net Interest Margin 457% Feather River Canyon ROAA 1.53% ROAE 15.2% Diluted EPS 0.63 3/31/2019 831
Slide 22: Recent Expansion Strategy
"Apr 16. Opened Klamath Fal Rainbow Bridge, Donner Summit Recent Expansion Strategy = 4 Loan Production Office PLUMAS BANCORP 22
Slide 23: Strengths and Challenges
a = > Lake Tahoe Challenges * Maintaining and Growing Low Cost Deposit Balances * Director and Management Succession * Cybersecurity PLUMAS BANCORP Strengths °Stable Management Team °Strong Core Deposits Diversified Loan Portfolio °Strong Net Interest Margin eNon-Interest Income Streams *Capital Man
Slide 24: Best Performing Community Bank in the Nation
+» 2°4 Best Performing Community Bank in the Nation {publicly traded with assets between $500 million and $10 billion) By Raymond James & Associates + Top 2% of all Community Banks (with assets under $3 billion) By S&P Global Market Intelligence “+ CB Top 10 Community Bank (with assets between $500