secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001437749-23-001189
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp Q4 net income up 42% to $7.8M; full-year record $26.4M
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- Net income Q4 2022: $7.8M ($1.34/diluted $1.32 per share), up 42% from $5.5M ($0.95) in Q4 2021.
- Full-year 2022 net income $26.4M ($4.53/diluted $4.47), up 26% from $21.0M ($3.82) in 2021.
- Net interest margin expanded 101 bps to 4.45% in Q4 and 19 bps to 3.82% for full year.
- Gross loans grew 9% to $912M; non-performing assets fell 78% to $1.2M (0.07% of total assets).
- Plans to open a de novo branch in Chico, CA in first half 2023, expanding Central Valley footprint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774923001189/0001437749-23-001189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774923001189/plbc20230113b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001189

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