Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (October 2021)
25 slides from Plumas Bancorp's investor presentation, Oct 29, 2021
Slide 1: Investor Presentation, Updated Through September 30, 2021
INVESTOR PRESENTATION UPDATED THROUGH SEPTEMBER 30, 2021
Slide 2: Forward Looking Statements Disclaimer
PLUMAS RP 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. Thes
Slide 3: Index
Slide 4: Overview
PlumassankAdministation Building Quincy Overview NASDAQ Symbol: PLBC Total Assets: $1.6 billion Headquartered: Quincy, CA BankBranches: 14 Year Established: 1980 PLUMAS” BANCORP
Slide 5: Management Team
PLUMAS: RP Management Team Andrew Ryback - President & CEO Yearsat Plumas Bank~20 Richard Belstock ting EVP Chief Financial Officer Yearsat Plumas Bank~15 BJ North ‘Aaron Boigon Jeff Moore >. EVP Chief Banking Officer EVP Chief Information Officer ___EVP Chief Credit Officer Yearsat Plumas Bank-13 _
Slide 6: Business Model
Slide 7: The Big Picture
The Big Picture
Slide 8: Net Income
Net Income sigars
Slide 9: Non-Interest Income
Non-Interest Income 200 sue | ssn bse an ee 5800 fa al som seal 5760 Fy 2a F802 ja) i304 Fssom {~ Bee fame 2 ssn 300 200 10 s+ » scchason Opt Accs terchage Revenue" Ganon Sle of SBA72 Loans Loan Sees "Other nome
Slide 10: Return on Bank's Equity
Return on Bank’s Equity Phme: Bonk —CA tanks $3858, beg ing 2020
Slide 11: Stock Price to Earnings per Share
Sesecos Bee 88 Stock Price to Earnings per Share
Slide 12: Deposits and Loans
Deposits and Loans Senet
Slide 13: Deposit Trends and Current Composition
en RP Deposit Trends and Current Composition * Record level of deposits * Average interest-bearing deposit rate is 0.14% * Allcore, no brokered deposits Seah Bee BE ES Oee Sh OEE Oe BE salncesosofSeot 30,2021
Slide 14: Loan Trends and Current Composition
en RP Loan Trends and Current Composition * Record level of loan balances * 73% of portfolio balance is variable rate, * Portfolio average yield was 5.40% in 2021 of which 55% are at a floor rate eres! aancesasoseot 30,2021
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
Diversification of Commercial PuUMASt» Real Estate Loans by Property Type 7.000000 ca000900 00000 ‘902000 rs oS a ae ” 4, ra ‘fy “, a a Ly y tf of v oe ge a ee ra oo f # Includes cynvestr, #€/Owner andcne/Mulamy eRe msaAso% 50470 alncesasofseot 30,2021
Slide 16: Payroll Protection Program Loans
PLUMAS: BANCORP Payroll Protection Program Loans‘) * 593 PPP loans outstanding with an average balance of $101,000 * Total PPP loans originated - $197 million ° Fees collected from the SBA - $12.1 million * Balance of unearned fees - $2.6 million * Balance of PPP loans at 9/30/21 - $60 million * Bal
Slide 17: Indirect Automobile Loans
PLUMAS RP Indirect Automobile Loans . a BALANCE BY LOAN * Total automobile loans - $90.4 million TYPE * Average balance - $22.4 thousand Used Vehicle = New Vehicle Average term at origination - 6.4 years ° Average FICO at origination - 732 * Delinquent loans as a percent of total by dollars — 1.69%
Slide 18: Financial Recap
Financial Recap
Slide 19: Third Quarter 2021 Financial Highlights
PLUMAS: BAN Third Quarter 2021 Financial Highlights Dollars in thousands ;ORP (Except per share) 09/30/2021 09/30/2020 Change Assets 1571480 $ 1,115,949 $ 455,531 Deposits 1,404,446 977,529 § 426,917 Loans 828,611 733,989 94,622 alk Net Income $6,578 3,692 2,886 $a a Income Before Tax 8,700 Net inte
Slide 20: 2020 Financial Highlights
2020 Financial Highlights PLUMAS: BANCORP at pubs 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 12/31/2020 1,111,576 973,974 709,939 14,475 19,952 12/31/2019 865,191 747,32
Slide 21: 2020 Financial Highlights – Five Year
PLUMAS: BAN 2020 Financial Highlights — Five Year Dollarsin thousands (Except per share) 12/31/20 Assets $1,111,576 Deposit Loans Nonperforming assets/total assets Net Income Net Interest Margin Efficiency ratio ROAA ROAE Book Value per Share Diluted EPS 12/31/19 12/31/18 12/31/17 12/31/16 $ 865,191
Slide 22: Recent Expansion Strategy
Expansion Strate Sts Oct '¥8 Dec‘15 Purchased: Opened ._| | », Mutual of ‘Reno Branch’ | Omaha Bank's Cargon city July 24 pe Acquired Bank | of Feather River
Slide 23: Bank of Feather River Acquisition
Bank of Feather River Acquisition fective July 1%, 2021 Purchase price - $4.7 million in cash and 598,020 shares valued at $18.7 million for a total price of $23.4 million. Total assets acquired - $205 million Total loans acquired - $160 million Total deposits assumed - $177 million Goodwill - $5.5
Slide 24: Strengths & Challenges
~aananaitigg ——_= | an = *Stable Management team ess Strong core deposits *Diversified loan portfolio *Non-Interest Income streams Challenges ~ Replacing PPP loans as balances are forgiven. *Capital management Seiad *Positioned for opportunity in Sa aa disrupted environment » Cybersecurity aa ;ORP
Slide 25: Recent Awards
Cup — Recog Nation orm (putty traded wth sets between $500 millon and $10 bllon) ay Raymond ames & Asocates (oubliteadedonamaorenchange with marke capbeiow 525 billon) Sandler Oe + ater B Top 10 — Recognizing th (communty baks wth assets between $1 bllon and $5 illon) CB Resources Ine 8 The Fly Repo
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