Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (July 2022)
26 slides from Plumas Bancorp's investor presentation, Jul 22, 2022
Slide 1: Investor Presentation Updated Through June 30, 2022
PLUMAS BANCORP 4 INVESTOR PRESENTATION UPDATED THROUGH JUNE 30, 2022
Slide 2: Forward Looking Statements Disclaimer
PLUMAS” BANCORP Forward Looking Statements Disclaimer Fe ‘d-looki are based on 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. These forward-looking st
Slide 3: Index
Slide 4: Overview
‘anon vey 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
PLUMAS” BANCORP Plumas Bank Leadership Indian atey Andrew Ryback p ») President & CEO EVP Chief Financial Officer Years at Plumas Bank ~21 Years at Plumas Bank ~ 16 Richard Belstock BJ North ‘Aaron Boigon Jeff Moore iY. hs > | A EVP Chief Banking Officer EVP Chief Information Officer EVP Chief Credi
Slide 6: Business Model
PLUM. Business Model © Branch network of 14 full-service branches and 3 lending offices. ‘commercial mar + Reduced cots by leveraging mobile dnd onine banking serves i-quaranteed © etal consumer, aut, home equity Focus on small to middle market businesses.
Slide 7: The Big Picture
Slide 8: Net Income
Net Income 25000 ‘20000
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 "ir oe ey ‘on en PLUMAS BANCORP .
Slide 10: Return on Bank's Equity
Return on Bank’s Equity = ROE of 17.44% exceeded a _ peer average of 11.9% in ame — = 2021 3% * Strong earnings om + Efficient use of capital Pumas Bank —CA Banks 10-538, benign 2020° PLUMAS BANCORP ee Sees .
Slide 11: Stock Price to Earnings per Share
Stock Price to Earnings per Share Bayon ayaa aA aya zs —homsstncre —catats 18558
Slide 12: Deposits and Loans
Deposits and Loans
Slide 13: Deposit Trends and Current Composition
aions PLUMAS P Deposit Trends and Current Composition *Recordilevel of deposits * Average interest-bearing deposit rate is 0.10% * All core, no brokered deposits tances sof un. 30,2022 Dees, Dee 3, Dee 3,
Slide 14: Loan Trends and Current Composition
PLUMAS P Loan Trends and Current Composition + Record level of loan balances Tro EFAS TS * Portfolio average yield was 5.41% in 2021 Se eta menemecit Names: ee bang re) atone ances aot, 30,2022 (Dee31, Dee 3, O83], Dee 3, Dee a, wn 30, 2022 wy mis) 7019' 0D OAL
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
PLUMAS RP Diversification of Commercial Real Estate Loans by Property Type a, os e, | Ny %, ‘ ~ \ a SQ My SY fe S ~
Slide 16: Geographic Distribution of Commercial Real Estate Loans
Geographic Distribution of a Commercial Real Estate Loans CALIFORNIA AND NEVADA ECONOMIC REGIONS —_ CRE DISTRIBUTION BY REGION* <1%- NV Northwestern lavender), Northeastern (pale pink) & WA BAZ
Slide 17: Agricultural Loans
Agricultural Loans * Agricultural lending balances represented ‘Ag Lending Balances 14.6% of total loans as of 6/30/22. ae * Agricultural loans increased by approximately $59 million as of 6/30/22, from 6/30/21. * Ag lending portfolio comprised of: * Cattle * Hay * Orchard Crops (Fruits and Nuts) *
Slide 18: Indirect Automobile Loans
PLUMAS RP Indirect Automobile Loans . aye BALANCE BY LOAN * Total automobile loans - $87.9 million * Average balance - $26.7 thousand im red vetue) mew yeti Average term at origination - 6.4 years ° Average FICO at origination - 737 * Delinquent loans as a percent of total by dollars — 2.66% Aotince
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 six months ended 6/30/22- $993 thousand * Balance of unearned fees - $286 thousand * Balance of remaining 48 PPP loans - $8.0 million *
Slide 20: Financial Recap
Financial Recap
Slide 21: Second Quarter 2022 Financial Highlights
PLUMAS” BANCORP Second Quarter 2022 Financial Highlights Dollars in thousands (Except per share) Loans held for sale Net Income Income Before Tax Net Interest Income Net Interest Margin ROAA ROAE Book Value per Share Diluted €Ps 06/30/2022 1,620,626 06/30/2021 41,267,935 1,131,757 713,676 11,472 Cha
Slide 22: 2021 Financial Highlights
aus dalaclatar Highlights Dollars in thousands (Except per share) 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 28,487 46,934 3.63% 1.52% 17.8% 23.05 3.76 PLUMAS
Slide 23: 2021 Financial Highlights – Five Year
PLUMAS” BANCORP 2021 Financial Highlights — Five Year Dollars in thousands (Except per share}+ 12/31/21 | 12/31/20 12/31/19 12/31/18 12/31/17, % $1,614,074 $1,111,576 | $865,191 | $ 824,308 | $ 745,427 117% $1,438,999 $ 973,974 $747,324 | $ 726,565 $ 662,657 117% $ 838,587 $ 709,246 $617,561 |$ 564,
Slide 24: Recent Expansion Strategy
Apr‘16 Opened LPO Kia : ul 5 & || Purchased Rabo Bank's li Recent Vy rr Expansion Oe of Feather Strategy : ss PLUMAS” BANCORP
Slide 25: Strengths & Challenges
Challenges » Rapidly changing interest rate environment » Economic uncertainty * Leadership succession » Cybersecurity PLUMAS BANCORP Strengths Stable Leadership team Strong core deposits *Diversified loan portfolio eNon-Interest Income streams *Capital management Positioned for opportunity in disru
Slide 26: Recent Awards
Recent Plumas Bancorp & Plumas Bank Performance Based Awards PLUMAS BANCORP + Bankers Cup ~ Recognizing the top 10% of Community Banks 4° Best Performing Community Bank in the Nation 2021 314 Best Performing Community Bank in the Nation 2020 2 Best Performing Community Bank in the Nation 2018-2019 5