Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Merger or Acquisition (January 2025)
12 slides from Plumas Bancorp's merger presentation, Jan 29, 2025
Slide 1: Acquisition of Cornerstone Community Bancorp
PLUMAS BANCORP ACQUISITION OF CORNERSTONE COMMUNITY BANCORP JANUARY 29, 2025
Slide 2: Forward Looking Statements Disclaimer
PLUMAS! Forward Looking Statements Disclaimer Thisoresttation doesnot conte an tert lathe sititon ofan ofr a bu ry excuriesorasoletton om voto pro Investors nd ecurty holders re ured to cael reve ad conaderech of Plame's pub lings wt the SEG, incuing but nome te Ann Reports on Form 304, Fry "Totemen
Slide 3: Transaction Highlights
Ut Ene Transaction Highlights & Strong cultural fit with a talented staff Strategic | «combines two highly-regarded banks to better serve our customers and communities Rationale ‘© Continues to build a powerful regional franchise with best-in-class operating metrics ‘© Logical geographic fit along t
Slide 4: Cornerstone Overview
PLUMAS” BANCORP Cornerstone Overview EE | peeemrerrenr us certs Connmunty Banco ths bank ais Deposits: $584 milion branches n the Northern California counties of shasta TCE /TA: 6.46% and Tehama ROAA: 1.01% + Comerstonehasa deep connection with the FORE: aeiee communities they serve and an impressiv
Slide 5: Projected Balance Sheet Highlights at Close
Projected Balance Sheet Highlights at Close $2.3B $2.0B $1.5B 8.0% 13.6% Total Assets Total Deposits Total Loans TCE Ratio TRBC Ratio Deposit Market Share Shasta County! ‘Tehama County ark Compan Mame ($000) share (s) Rank Company Hare 15000) Share (3) 1 Tes Sanches sorso 075 (SR zoviss 9a 3 us.sanc
Slide 6: Pro Forma Loan Composition
ae a -ORP Pro Forma Loan Composition pumas ilo, a oe eo a gt Hanon "on pavoarual Total Loans: $1,015,424 Total Loans: $498,863 Total Loans: $1,514,287 Yield on Loans: 6.22% Yield on Loans: 5.44% Yield on Loans: 5.96%
Slide 7: Pro Forma Deposit Composition
ae a -ORP Pro Forma Deposit Composition Total Deposits: $1,371,101 ‘Total Deposits: Cost of Deposits: 0.53% Cost of Deposits: 2. Total Deposits: $1,955,370 Cost of Deposits: 1.12%
Slide 8: Robust Capital Ratios at Closing
E Robust Capital BES Ratios at Closing
Slide 9: Transaction structure and exchange ratio
+ Mc of cach and stock structure & | + Each share of CRSB common sock wil be exchanged for 6608 shares of PLECeomman stock Exchange Ratio | and$3.75in cash + Proforma ownership. “BE PLAC | “14% CRS ranetion Vetue [* S42 Berahare raion Value Vs Aqgezae conaderation:$546millon TEES: J P/TBVPS Excl, AD
Slide 10: Earnings, cost savings and purchase accounting marks
ings J Pac earings per street consensus “CREB earrings par menagement estimates cost savings & + stimated cost savings of approximately 25% of CRS's annual operating expense ‘50% phavein dung 2025 anid 100% in 2026 and the + $0:2milionat pre-tax one-time merger expenies Loan elt mark down of $2.7 mi
Slide 11: Acquisition history
PurchasedRabo Banks (Bo 2 Acquisition of Cornerstone Community Oct ‘18 Purchased By, Opened Mutual of Ws Reno Branch | Omaha Bank’s a Carson city duly 22, ‘Acquired Bank
Slide 12: Compelling strategic transaction
1@) Compelling strategic transaction. 1© strong cultural fit “© Better leverages existing human capital “® Comparable lending profiles in Northern California ©) Enhanced scale and growth opportunities “© Attractive pro forma loan and deposit mix Favorable financial metrics (© Low cost and sticky cor
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