Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (April 2021)
30 slides from Plumas Bancorp's investor presentation, Apr 27, 2021
Slide 1: Investor Presentation, Updated Through March 31, 2021
PLUMAS BANCORP INVESTOR PRESENTATION UPDATED THROUGH MARCH 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. The
Slide 3: Index
Slide 4: Overview
Pumas onkdministration Buide Cuincy Overview NASDAQ Symbol: PLBC Total Assets: $1.2 billion Headquartered: Quincy, CA BankBranches: 13 Year Established: PLUMAS” BANCORP
Slide 5: Management Team
PLUMAS: RP Management Team ‘Andrew Ryback d President & CEO Yearsat Plumas Bank-20 BJ North wor EVP Chief Banking Officer Years at Plumas Bank - 13 Richard Belstock = EVP Chief Financial Officer Yearsat Plumas Bank=15 ‘Aaron Boigon Jeff Moore A > | a EVP Chief Information Officer __EVP Chief Credit
Slide 6: Business Model
PLU: RP Business Model * Branch network of 13 full-service branches and 3 lending offices. Predominant focus on personal service with a wide range of deposit products forthe retail and Commercial markets. * Reduced costs by leveraging mobile and online banking services. Lending servicesinciud Busine
Slide 7: The Big Picture
The Big Picture
Slide 8: Net Income
Net Income Sigs siga7s a 4 : = |
Slide 9: Non-Interest Income
Non-Iinterest Income S900 P $8000 Siese & f ban a 9 | gel] an a ae 3560 508 | es i 1 $2ase 1 5807 oo # sso sure | 2 40 son 200 1000 - 2035 2016 2017 208 2038 2020 "src chs on Op cts trchage Revenue ® Ganon Sle of SBA oan Lean SucFees "Other come
Slide 10: Return on Bank's Equity
Return on Bank’s Equity Phimectank —~CA banks $10598 begining 200
Slide 11: Stock Price to Earnings per Share
saeco oh Be BED Stock Price to Earnings per Share BES Bie aa remain —csnesesse
Slide 12: Deposits and Loans
Deposits and Loans Sennett
Slide 13: Deposit Trends and Current Composition
PLUMAS RP Deposit Trends and Current Composition * Record level of deposits * Average interest-bearing deposit rate is 0.15% * Allcore, no brokered deposits i-ga =i] =) : ee salncesosof Mar 51,2021
Slide 14: Loan Trends and Current Composition
PLUMAS RP Loan Trends and Current Composition + Record level of loan balances * 66% of portfolio balance is variable rate, * Portfolio average yield was 5.15% in 2020 of which 45% are at a floor rate ekonsnsiene pos 208 20 | 2018209 2000 Mar 3, on alancesasofMar.31 2021
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
PLUMASE RP Diversification of Commercial Real Estate Loans by Property Type 7000900 00000 000000 00000 00000 2000900 2000000 LOE L LO LEP PLE LPL AOL ESL UPOOLIS ht < é eS ft oF s é Pa , f
Slide 16: Geographic Distribution of Commercial Real Estate Loans
. . . . PLUMAS! Geographic Distribution of EEWtesldp Commercial Real Estate Loans CALIFORNIA AND NEVADA ECONOMIC REGIONS CRE DISTRIBUTION BY REGION 23% NV-Western(palegreer) a (tan) & Southern Border (agent) 1% - NV Northwestern (palebl theastern (palpi) A
Slide 17: Payroll Protection Program Loans
PLUMAS: BANCORP Payroll Protection Program Loans * 1,064 PPP loans outstanding with an average balance of $90,000 * Total PPP loans originated - $187 million ° Fees collected from the SBA - $8.1 million * Balance of unearned fees - $3.7 million * Balance of PPP loans at 3/31/21 - $96 million * Balan
Slide 18: Indirect Automobile Loans
PLUMAS® RP Indirect Automobile Loans . ae BALANCE BY LOAN * Total automobile loans - $90 million TYPE * Average balance - $25.2 thousand i Nenveh le a Used vehi Average term at origination - 6.4 years * Average FICO at origination - 737 * Delinquent loans as a percent of total by dollars — 1.4%
Slide 19: Loans with Payment Deferrals
PLUMAS: BANCORP Loans with Payment Deferrals (in thousands) ‘At March 31, 2021 there were 80 loans on deferral totaling $20.4 million ‘Month Payments Resume June July 349 366 27 364 51 681$ 713 $
Slide 20: Financial Recap
Modoc County Financial Recap
Slide 21: First Quarter 2021 Financial Highlights
PLUMAS: First Quarter 2021 Financial Highlights 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 Shar Diluted EPS 03/31/2021 1,207,481 1,069,218 733,115 03/31/2020 879,571 762,886 % Change ;ORP
Slide 22: 2020 Financial Highlights
2020 Financial Highlights PLUMAS: BAN 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 Shar Diluted EPS 12/31/2020 1,111,576 973,974 709,939 14,475 19,952 38,396 $ $ 12/31/2019 865,191 741,324
Slide 23: 2020 Financial Highlights - Five Year
PLUMAS: 2020 Financial Highlights — Five Year Dollarsin thousands {Except per share) Assets Deposit Loans Nonperforming assets/total assets Net Income Net Interest Margin Book Value per Share Diluted E 12/31/20 $1,111,576 $973,974 $709,939 0.27% 14475 4.02% 50.6% 1.43% 15.5% 19.33 277 12/31/19 12/31
Slide 24: Recent Expansion Strategy
Recent Expansion Strategy aa ;ORP
Slide 25: Bank of Feather River Acquisition
Bank of Feather River Acquisition PLUMAS BANCORP
Slide 26: Pro Forma Balances
PLUMAS RP Pro Forma Balances 2000 $1500 é 366 & s1.000 S = rs assets Deposits Loans Shareholer Equity Banko Feather River aa 15% 779% 138% Pumas Bank 560% 863% a8 362% oloncs eros, 200
Slide 27: Plumas Bank and Bank of Feather River Deposits
Plumas Bank Deposits PUN ;ORP $40316 stnerest Bearing (WOW, MM, Savings) + BR's cost of deposits at 12/31/20 was 0.28%. Bank of Feather River Deposits ~ Plumas Bank’s cost of deposits at 12/31/20 was 0.09%. * Plumas Bank’s loans to deposits ratio was 72.9% at 12/31/20. low ratio will allow for expan
Slide 28: Plumas Bank and Bank of Feather River Loans
Plumas Bank Loans PUN ;ORP ganags $29,680 - $3,463 Real Estate 1 Auto/Consumer Commercial & Incase Ag, Operating & Production Fate ve Ya Real estate loans comprised Chee Sa ot 61% of BFR’s loan portfolio at 12/31/20. 0F these, Bank of Feather River Loans approximately 50% were ec ED Are farmland loa
Slide 29: Strengths and Challenges
Challenges * Managing Balance Sheet growth during the Pandemic * Margin compression * Director and Management succession * Cybersecurity eat ;ORP Strengths *Stable Management team Strong core deposits *Diversified loan portfolio eNon-Interest Income streams *Capital management Positioned for opportu
Slide 30: Recent Awards
+ Bankers Cup — Recognizing the top 10% of Community Banks 3 Best Performing Community Bank in the Nation 2020 2 Best Performing Community Bank in the Nation 2018-2019 St Best Performing Community Bank in the Nation 2017 (ube trade wth assets between $500 millon and $10 billon) 8 Roynod ames & Ascit