Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (February 2022)
24 slides from Plumas Bancorp's investor presentation, Feb 28, 2022
Slide 1: Investor Presentation – Updated Through December 31, 2021
INVESTOR PRESENTATION UPDATED THROUGH DECEMBER 31, 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: Plumas Bank Leadership
PLUMAS RP Plumas Bank Leadership 4 fi ‘Andrew Ryback Richard Belstock - = President & CEO EVP Chief Financial Officer Years at Plumas Bank 20 Years at Plumas Bank~15 BJ North ‘Aaron Boigon Jeff Moore EVP Chief Banking Officer EVP Chief Information Officer ___EVP Chief Credit Officer Yearsat Plumas B
Slide 6: Business Model
Slide 7: The Big Picture
The Big Picture
Slide 8: Net Income
Slide 9: Non-Interest Income
Non-Interest Income sue | ‘sz 5387 | 3200 ES 2 oa a ‘s2008 a 3867 suse . » 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 ax PhumarBark —CA Banks $38-58, begin 2020¢ + Prieto 2020, Plumas compared against ABanis $5000 518
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 0.13% * Allcore, no brokered deposits [342017 ec 53 2018 ec 51 2019 ec 51,2020 bec 51,2021 ‘salancesos fee. 53, 2023
Slide 14: Loan Trends and Current Composition
en RP Loan Trends and Current Composition * Record level of loan balances * 76% of portfolio balance is variable rate, * Portfolio average yield was 5.41% in 2021 of which 55% are at a floor rate té Ee e BEEEE nlancesasofOee 31,2022
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
Diversification of Commercial PuUMASt» Real Estate Loans by Property Type Ree LEE LPLLEPLLPEL EL PEC A of OVO EGY! lt ttt a fo ef
Slide 16: Payroll Protection Program Loans
PLUMAS RP Payroll Protection Program Loans * Fees, net of origination costs, earned in 2021 - $6.1 million * Balance of unearned fees - $1.3 million * Balance of 253 PPP loans at 12/31/21 - $34.6 million * Balance with a two-year maturity - $1.7 million * Balance with a five-year maturity - $32.9 mi
Slide 17: Indirect Automobile Loans
PLUMAS RP Indirect Automobile Loans . a BALANCE BY LOAN * Total automobile loans - $89.0 million TYPE * Average balance - $22.5 thousand Usd Vehicle mNewVehie Average term at origination - 6.4 years » Average FICO at origination - 731 * Delinquent loans as a percent of total by dollars — 2.17%
Slide 18: Financial Recap
Financial Recap
Slide 19: 2021 Financial Highlights
2021 Financial Highlights PLUMAS: BAN Dollars in thousands (Except per share) Assets Deposits Loans Loans held for sale Net income 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, 28,487 46,934 12/31/2020 Change
Slide 20: 2021 Financial Highlights – Five Year
2021 Financial Highlights — Five Year PLUMAS: BAN ;ORP Dollarsin thousands (Except per share}+ Assets Deposi Loans Loans held for sal Nonperforming assets/total assets Net Income Net Interest Margin Sandrbo, take Tahoe Efficiency ratio ROAA ROAE Book Value per Share Diluted EPS 12/31/21 $1,614,074 $
Slide 21: 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 22: 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 $23.4million. Total assets acquired - $205 million Total loans acquired - $160 million Total deposits assumed - $177 million Goodwill - $5.5 m
Slide 23: Strengths & Challenges
Strong core deposits *Diversified loan portfolio *Non-Interest Income streams — ——== na = Stable Leadership team ees Challenges ~ Replacing PPP loans as balances are forgiven. *Capital management REED Positioned for opportunity in * Leadership succession disrupted environment » Cybersecurity aa ;ORP
Slide 24: Recent Awards
Cup — Recog 2 : ng C Nation Best Perform Natio (putty traded wth sets between $500 millon and $10 bllon) ay Raymond ames & Asocates List of Top 30 Banks & Thrift (oubliteadedonamaorenchange with marke capbeiow 525 billon) Sandler Oe + ater (oth ase under $3 illon) 27 SSP Global Moret nteligence (com
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