Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (July 2024)
28 slides from Plumas Bancorp's investor presentation, Jul 17, 2024
Slide 1: Investor Presentation - Updated Through June 30, 2024
PLUMAS oer INVESTOR PRESENTATION UPDATED THROUGH JUNE 30, 2024 Nevada County
Slide 2: Forward Looking Statements Disclaimer
PLUMAS@ BANCORP Forward Looking Statements Disclaimer
Slide 3: Index
Slide 4: Overview
PLUMAS” BANCORP
Slide 5: Management Team
Andrew Ryback Richard Belstock President & CEO EVP Chief Financial Officer Years at Plumas Bank ~23 Years at Plumas Bank ~ 18 BJ North Aaron Boigon Jeff Moore Bank- 11
Slide 6: Business Model
UMAS © BANCORP Business Model Inch network of 15 full-service branches and 2 lending offices. Retail and commercial banking with sis on personalized relationships alongside online, ‘mobile, and remote services. Enhanced lending platform for increased efficiency and rapid Lending services includ Busi
Slide 7: The Big Picture
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Slide 8: Net Income & Net Interest Margin
Net Income & Net Interest Margin 10 ara) aie s2a776_f 4% a cozy Sane saga 4.0% aan $25,000 Ae $21,009 200% s20.000 4 4 sigs 250% B s15000 a = . 200% $10,000 Book Lome $5,000 4 | 050% $ 000%
Slide 9: Non-Interest Income
Non-Interest Income in thousands $12,000 $10,000 $8,000 $6,000 $007 suas — — = —_aa — Val $3279 ou $4,000 ae 560 $2,000 A | eee $2,323 $2,349 $2464 fae S vi 2019 2020 2021 2022 2023 slomsive fees IneateSwap Tern” omer income
Slide 10: Sale Leaseback Transaction
PLUMAS Bee Sale Leaseback Transaction
Slide 11: Securities Investments
Securities Investments * Investment portfolio totaling $445 thousand is entirely available-for-sale. + Investment portfol Investment Portfolio restructure: * Securities totaling $115 million sold in 1024 ao with weighted average TE yield of 2.24%, resulting in $19.8 million loss. + Offset branch sal
Slide 12: Deposits and Loans
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Slide 13: Deposit Trends and Current Composition
PLUMAS” BANCORP Deposit Trends and Current Composition All core, no brokered deposits Average interest-bearing deposit rate was 0.84% for the three months ended June 30, 2024. tons HI) Dee 31,” Dee, Dee 31, Dee-31, Dee 31, Wun.30, ‘18 004 alances sf un 30,2028
Slide 14: Deposit Detail
Deposit Detail Consumer vs Business Accounts Balances sof un. 30, Rate by Product ates for three months ended un. 30,2028 Business = Consumer
Slide 15: Deposits
PLUMAS” BANCORP Deposits in millions + No deposit concentrations. Average ‘Uninsured but Collateralized, deposit balance was approximately $33 oa thousand at 06/30/24. + Largest unsecured deposit accounts are f $323 collateralized with investments. ocel rete * Cash, unpledged AFS investments, and bo
Slide 16: Borrowings
Borrowings * Outstanding BTFP borrowings: Outstanding Borrowings * $105 million + Rate of 4.85% _————— * Prepayable with no penalties = Due EE 17, 2025 “01 ir bank D ne ton 3.85% forthe first five years, then * fostingt tate lines ws! Prime for remaining eight-year tert * Prepayable with no merits *
Slide 17: Loan Trends and Current Composition
PLUMAS Bee Loan Trends and Current Composition + Record level of loan balances Portfolio average yield was 6.32% for the three ona ended June 30, 2024. tions Mn so Dee.31, Dee 31,” Ose 31, Dee 31, Dee 3, un 30, ws 002?” Balances sof un. 30,2028
Slide 18: Diversification of CRE Loans by Property Type
‘ ne : PLUMAS” Diversification of Commercial BANCORP Real Estate Loans by Property Type ? Ines CRE/vestor, CRE/Owner and CRE/Mutifariy CRE SBASOH ms6A72 stances ton. 30,2024
Slide 19: Geographic Distribution of Commercial Real Estate Loans
PLUMAS” Geographic Distribution of BANCORP Commercial Real Estate Loans CALIFORNIA AND. /ADA ECONOMIC REGIONS CRE DISTRIBUTION BY REGION* 36% -NV- Western (pale green) 159A - Greater Sacramento (yellow) 153A Northern Sacramento Vale light green) 135. CA Norther (dark green) 7%-CA Central Coast (oran
Slide 20: Agricultural Loans
PLUMAS Bee Agricultural Loans + Agricultural lending balances represented 12.5% of total loans as of 06/30/24. Ag Wailing) Bente * Ag lending portfolio comprised of: NE ad Cattle Hay Orchard Crops (Fruits and Nuts) ieee Rice male * Walnut pricing fell in 2022, resulting in about $13 million in subst
Slide 21: Classified Assets
PLUMAS ep Classified Assets ‘OREO: $141 thousand ‘SFR on 50 acres Non-Accrual: $2.5 million 3496 Indirect Auto 417% SBA 7(a) loans, unguaranteed portions 1% Commercial 63% loans under $100 thousand Substandard Accrual: $16.3 million 83% Ag & Ag Real Estate 8% Commercial CRE 1% SBA 7() loans, unguara
Slide 22: Financial Recap
(inc, c& Financial Recap
Slide 23: Second Quarter 2024 Financial Highlights
PLUMAS @ BANCORP Second Quarter 2024 Financial Highlights Modoc County Dollars in thousands (Except per share) 06/30/2024 06/30/2023 Change Net Income 6,660 $ 126 Income Before Tax Net Interest Income Net Interest Margin ROAA, ROAE Diluted EPS
Slide 24: 2023 Financial Highlights
2023 Financial Highlights Wy Dollars in thousands (Except per share) Assets Deposits Loans Loans held for sale Net Income Income Before Tax Net Interest Income Net Interest Margin ROAA ROAE Book Value per Share Diluted EPS 12/31/2023 1,610,416 33,655, 958,564 0 29,776 40,211 69,794 4.71% 1.88% 23.4%
Slide 25: 2023 Financial Highlights - Five Year
PLUMAS@ BANCORP 2023 Financial Highlights — Five Year Dollars in thousands (Except per share) 12/31/23 12/31/22 12/31/21 12/31/20 12/31/19 Assets 1,610,416 $1,621,044 $1,614,074 $1,111,576 $865,191 Deposits 1,333,655 $1,457,809 $ $ 973,974 $747,324 Loans 958,564 $ 911,949 709,246 $617,561 Loans held
Slide 26: Recent Expansion Strategy
Apr ‘16 Opened LPO. Klamath Falls, OR Loan Production Office
Slide 27: Strengths
Strengths + Stable Leadership team + Strong core deposits + Low cost of funds * Diversified loan portfolio + Non-Interest Income streams * Capital management + Positioned for opportunity in disrupted environment
Slide 28: Recent Awards
(pute waded aut between C0 on and IDC) yRoymandlomest snes [Annual Bank Honor Roll 2022-2024 (RR en a) Sphere (CB Top 10 — Recognizing the top 10% of Community Banks 2035-2023 (conmnty brs witha between $3 billon an bon) “Super Premier’ Performing Bank 2015-2023 Bison Select Financial Institution 20