Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (July 2021)
29 slides from Plumas Bancorp's investor presentation, Jul 22, 2021
Slide 1: Investor Presentation Updated Through June 30, 2021
PLUMAS BANCORP INVESTOR PRESENTATION UPDATED THROUGH JUNE 30, 2021
Slide 2: Forward Looking Statements Disclaimer
PLUMAS! BANCORP 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
Slide 3: ManagementTeam
ManagementTeam Business Model Net Income Non-Interest Income ROE Stock Price Deposit Trends and Current Composition Loan Trends and Currant Composition Diversification of CRE Loaneby PropertyType ‘Geographic Distributionof CRE Loans PayrollProtection rogram Loans Indiract Automobile Loan second Quar
Slide 4: Overview
Plumas Bank Administration Building, Quincy Overview* NASDAQ Symbol: PLBC Total Assets: $1.5 billion Headquartered: Quincy, CA BankBranches: 14 Year Established: 1980 ORP * Information as of Jul. 1, 2021
Slide 5: Management Team
PLUMAS ORP Management Team 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 Years at Plumas Bank - 13 Years
Slide 6: Business Model
PLUMAS ORP Business Model Branch network of 14 full-service branches and 2 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 services include: Busi
Slide 7: The Big Picture
Patterson Lake The Big Picture
Slide 8: Net Income
Net Income 26000 Saw $14,475 $14,000 $12,000 $10,000 $8,000 $1,474 Thousands $5,818. ‘$6,000 ‘$4,000 2015 2016 2017 2018 2019 2020
Slide 9: Non-Interest Income
Burney Falls * Non-Interest Income streams comprised primarily of: * Service charges on deposit accounts » Interchange revenue * Gains on sale of SBAloans Thousands Non-Interest Income $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 [7 2 368 $2,291 $2,487 $2,576 $2,695 rnc $1,000 as 2015 201
Slide 10: Return on Bank's Equity
Spanish Creek * ROE leads bank peers at 14.7% in 2020 * Strong earnings * Efficient use of capital a ORP 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% Return on Bank’s Equity 20.8% 187% Ta7% 13.5% 13.7% ii6% a ao% 7 6.0% 2015 2016 2017 2018 2019 2020 Plumas Bank —==CA Banks $18-$38, beginning in 2020 10
Slide 11: Stock Price to Earnings per Share
Stock Price to Earnings per Share ry = 16 Lake Almanor aa u * CAGR of 29% on stock price 2 over the past five years a ° Attributable to: 5 » Earnings growth * Asset quality improvement » Expense management 4 * Capital management * Expansion opportunities : See pee Aemisie of (BOs 12/31/2015 12/31/20
Slide 12: Deposits and Loans
Deposits and Loans
Slide 13: Deposit Trends and Current Composition
ORP Deposit Trends and Current Composition * Record level of deposits * All core, no brokered deposits $1,200 $1,132 $2,000 ‘$800 sar S77 | Dec 31, Dec.31, Dec 31, Dec.31, Dec 31, Dec 31, Jun.30, 2015-2016. «2017,—« «2018-2019 20202021 * Average interest-bearing deposit rate is 0.14% B84 ee a Balanc
Slide 14: Loan Trends and Current Composition
ORP Loan Trends and Current Composition * Record level of loan balances ° 68% of portfolio balance is variable rate, * Portfolio average yield was 5.21% in 2021 of which 47% are at a floor rate RE/Residential RE/Construction’* ey $736 4% a 703. Hor ines Hs) $620 Commercial ‘$600 ‘$566 7% , : cRe/Mut
Slide 15: Diversification of Commercial Real Estate Loans by Property Type
Diversification of Commercial rene Real Estate Loans by Property Type 770,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 : i in i] : Boe oe es So s & s es “ © rs s > a Ri 2" = s & e ie s Ca aS < “3 Na eo x é & $ é & re Includes CRE/Investor, CRE/Owner and CRE/Multifamily.
Slide 16: Geographic Distribution of Commercial Real Estate Loans
F Q : . PLUMAS: Geographic Distribution of BANCORP Commercial Real Estate Loans CALIFORNIA AND NEVADA ECONOMIC REGIONS CRE DISTRIBUTION BY REGION* 30% - NV- Western (pale green) 19% - CA- Northern Sacramento Valley (light green) 19% - CA- Northern (dark green) 15% - CA- Greater Sacramento (yellow) 4
Slide 17: Payroll Protection Program Loans
PLUMAS! BANCORP Payroll Protection Program Loans ° 1,063 PPP loans outstanding with an average balance of $83,000 * Total PPP loans originated - $197 million ° Fees collected from the SBA - $9.4 million ° Balance of unearned fees - $4.1 million ° Balance of PPP loans at 6/30/21 - $88 million * Balan
Slide 18: Indirect Automobile Loans
Indirect Automobile Loans PLUMAS! BANCORP * Total automobile loans - $91.6 million ° Average balance - $22.4 thousand ¢ Average term at origination - 6.4 years ° Average FICO at origination - 732 ¢ Delinquent loans as a percent of total by dollars — 0.90% Bala nces as of lun. 30, 2021, BALANCE BY LO
Slide 19: Financial Recap
Modoc County Financial Recap
Slide 20: Second Quarter 2021 Financial Highlights
PLUMAS! BANCORP Second Quarter 2021 Financial Highlights Dollars in thousands (Except per share) 06/30/2021 06/30/2020 Change % Change Assets 1,267,935 1,036,864 231,071 Deposits 1,131,757 903,992 227,765 Loans 725,148 732,195 7,047 Net Income 4,487 3,185 1,302 Income Before Tax 6,229 4,391 1,838 Ne
Slide 21: 2020 Financial Highlights
Reno, NV 2020 Financial Highlights PLUMAS! BANCORP Dollars in thousands (Except per share) 12/31/2020 Assets 1,111,576 Deposits 973,974 Loans 709,939 Net Income 14,475 Income Before Tax 19,952 Net Interest Income 38,396 Net Interest Margin 4.02% ROAA 1.43% ROAE 15.5% Book Value per Share 19.33 Dilut
Slide 22: 2020 Financial Highlights — Five Year
2020 Financial Highlights — Five Year Dollars in thousands (Except per share) Sand Harbor, Lake Tahoe 12/31/20 $ 1,111,576 $ 973,974 $ 709,939 Assets Deposits Loans Nonperforming assets/total assets 0.27% 14,475 4.02% Net Income Net Interest Margin 50.6% 1.43% Efficiency ratio ROAA ROAE 15.5% Book V
Slide 23: Recent Expansion Strategy
Rainbow Bridge, Donner Summit Recent Expansion Strategy \ Loan Production Office -ORP % Sacramento 23
Slide 24: Bank of Feather River Acquisition
Bank of Feather River Acquisition PLUMAS” BANCORP
Slide 25: Pro Forma Balances
PLUMAS! ORP Pro Forma Balances $2,000 $1,500 | a Deposits Loans Shareholders’ Equity Bank of Feather River * 13% 14% 18% 12% Plumas Bank 87% 86% 82% 88% Balancesasof un. 30, 2021 * Balancedoes not reflect fair value adjustments.
Slide 26: Plumas Bank and Bank of Feather River Deposits
Plumas Bank Deposits LaLa ORP $41 * Dollars in millions lm Non-Interest Bearing & Interest Bearing (NOW, MM, Savings) Time Feather River- Yuba » BFR’s cost of deposits at 6/30/21 was 0.2%. Bank of Feather River Deposits * Plumas Bank’s cost of deposits at 6/30/21 was 0.06%. * Plumas Bank’s loans to
Slide 27: Plumas Bank and Bank of Feather River Loans
Feather River- Yuba » Real estate loans comprised 60% of BFR’s loan portfolio and 65% of Plumas’ loan portfolio at 6/30/21. * PPP loans comprised 22% of BFR’s portfolio and 11% of Plumas’ portfolio at 6/30/21. a ORP Plumas Bank Loans $22 $4 $58 Balances as of lun. 30, 2021 PLUMAS! ones BANCORP m Rea
Slide 28: Strengths and Challenges
— ——= ea : — °Stable Management team = R °Strong core deposits Diversified loan portfolio Lake Tahoe Sree eNon-Interest Income streams * Replacing PPP loans as E balances are forgiven. Capital management ee *Positioned for opportunity in ° Di id Mi ] i eGR alas disrupted environment * Cybersecurity
Slide 29: Plumas Bancorp & Plumas Bank Performance Based Awards
Plumas Bancorp & Plumas Bank Performance Based Awards a ORP * 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 5* Best Performing Community Bank in the Nation 2017 (publicly traded