Plumas Bancorp · NASDAQ:PLBC
Plumas Bancorp — Investor Presentation (July 2015)
23 slides from Plumas Bancorp's investor presentation, Jul 28, 2015
Slide 1: Plumas Bancorp Investor Presentation
~ PLUMAS BANCORP INVESTOR PRESENTATION
Slide 2: Forward Looking Statements Disclaimer
ZA Forward Looking Statements Disclaimer Donner Lake 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: Who We Are
Who We Are
Slide 4: Slide 4
Slide 5: Slide 5
Slide 6: Plumas Bank Overview
Plumas Bank Administration Building, Quincy Overview NASDAQ Symbol: PLBC Total Assets: $550 million Headquartered: Quincy, CA BankBranches: 11 Year Established: 1980 Grants Past, Medford “Ashland Mourt shasta Garber Santa Rosa y fs Fairfield Oakland + Fremont Sheldon NWA Reno {Carson City Bijou
Slide 7: Management Team
"A Andrew Ryback Monetta Rose Dembosz Richard Belstock ra 5 LE RTT ' ae Ve ry wf ‘ fs Team President & CEO EVP Operations & Technology EVP Chief Financial Officer Years at Plumas Bank — 14 Years at Plumas Bank — 35 Years at Plumas Bank —9 B.J. North Kerry Wilson ‘® hee ¥ EVP Retail Banking & EVP Chi
Slide 8: The Big Picture
The Big Picture
Slide 9: Net Income and Net Interest Income Growth
af hn —— Re Calpine Meadow Growth of 38% in 2014 Net Interest Income Expansion of $1.5 million Net Interest Margin Improved to 4.05% Thousands Net Income $4738 a5 $2,570 $2,067 mee «S857 f $525 2011 2011 2012YTD 2012 2013TD 2013 «204YTD 20142015 YTD 6/30 6/30 6/30 6/30 6/30
Slide 10: Non-Interest Income
Burney Falls * Growth of $673 thousand in 2014 * Comprised primarily of: = Service Charges on Deposit Accounts * Gains of Sale of SBA Loans » Loan Servicing Fees Thousands $8,000 $7,000 NON-INTEREST INCOME $666 $403 128 $30 $211 $3,582 $3,837 52,804 53,398 2011 YTD 6/30 2011 2012 TD 6/30 20122 2013
Slide 11: Return on Average Common Equity
Spanist h Creek ROE increased from 12% to 14% in 2014 i% Improved Earnings Efficient use of Capital 16.0% 14.0% 120% 10.0% 20% 60% 40% 20% 0.0% Return on Average Common Equity 43% 0.0% 2011 2012 2013, 2018 1
Slide 12: Ending Stock Price and Book Value
Ending Stock Price and Book Value $9.82 2011 2012 2013, 2014 Juris, Book Value PerCommon Share —==Plumas Bancorp Ending Stock Price 12
Slide 13: Deposits and Loans
Deposits and Loans
Slide 14: Deposit Trends and Current Composition
(Z, Deposit Trends and Current Composition RECORD LEVEL OF DEPOSITS ALL CORE, NO BROKERED DEPOSITS 5s: 468 a $ $450 1° Sage 412 oD $400 $350 & s300 2 5250 $200 $150 $100 $50 0 + 2010 2012022 2018 201422015 AVERAGE INTEREST BEARING DEPOSITS RATE IS 0.17%
Slide 15: Loan Trends and Current Composition
(Z, Loan Trends and Current Composition RECORD LEVEL OF LOAN BALANCES DIVERSIFIED, GROWING LOAN PORTFOLIO PORTFOLIO AVERAGE YIELD 5.37% OVER 70% OF PORTFOLIO BALANCE IS VARIABLE RATE = $400 $370 $355 SSEe $314 $315 re man $800 : $250 $150 7 $100 E | $50 2010 «202022013 2014 q22015 Millions 5
Slide 16: Geographic Distribution of Commercial Real Estate Loans
Geographic Distribution of Commercial Real Estate Loans CALIFORNIA ECONOMIC REGIONS CRE DISTRIBUTION BY CALIFORNIA REGION 41% - Northern California 20% - Greater Sacramento 18% - Northern Sacramento Valley 9% - Bay Area 9% - Southern California 3% - San Joaquin Valley <1% - Southern Border <1% - Cen
Slide 17: Diversification of Commercial Real Estate Loans by Property Type
Diversification of Commercial Real Estate Loans by Property Type 40,000,000
Slide 18: Management Strategies
(Z, * Succession Planning * Technology Infrastructure Small Business Lending Debt & Capital Planning Asset Quality Growth & Expansion Modoc County Management Strategies
Slide 19: Expansion of Small Business 7(a) Lending
Expansion of Small Business 7(a) Lending Dollars in thousands 12/31/13 12/31/14 6/30/15 Loans serviced $ 65,024 $71,732 $76,458 Net servicing income 313, 488 262 Gain on sale of loans 1,399 1,396 974 Loans originated for sale 17,609 22,063 16,530 Proceeds on sale of loans 21,733 21,592 13,971 Loans
Slide 20: Focus on Borrowings & Preferred Stock
1% Focus on Borrowings & Preferred Stock Chandler Road (in thousands) 12/31/2012 | 12/31/2013 | 12/31/2014 | 4/30/2015 Junior Subordinated Debentures| $ 10,310 $ 10,310 $ 10,310 $ 10,310 Interest in arrears Preferred Stock Dividends in arrears ‘Subordinated Debentures 7,454 Note Payable 1,000 24,714
Slide 21: Improvements in Asset Quality
Improvements in Asset Quality Feather River Canyon Dollars in thousands 12/31/10 6/30/14 6/30/15 Nonperforming loans $ 6890 $ 5,078 OREO/OVO $ 3,914 $ 3,052 Nonperforming assets $ 10,804 $ 8,130 Nonperforming loans to loans 1.93% 1.29% Nonperforming assets to assets 2.07% 1.46% ALLL to gross loans 1
Slide 22: Expansion Strategy
Gold Beach, . Medtord Ashland Kamath Falls ' e weg is Acquistion from Rabo Rainbow Bridge, Donner Summit oo Expansion > ee ~ ae. Strategy ital Sacramento" Hawthome Santa Rosa, eft Park” Fairfield Vallejo, Richmond.» ~/_Concord San Francisco LA a 22
Slide 23: Strengths and Challenges
Strengths — Stable Management Team = °Strong Core Deposits °Diversified Loan Portfolio Challenges . » Asset Quality °Strong Net Interest Margin ~ Caysiel °Non-Interest Income Streams Cle ion int 4 eg Capital and Debt Management iA