secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001437749-23-010607
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp reports record Q1 2023 net income of $7.6M, EPS $1.30, up 33% YoY
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- Net income $7.6M ($1.28 diluted) vs $5.7M ($0.97) in Q1 2022; ROAA 1.93% vs 1.42%.
- Net interest income $17.1M (+43% YoY); NIM widened 143 bps to 4.64%.
- Gross loans grew 9% to $916M; deposits fell $61M to $1.4B (53% non-interest bearing).
- Nonperforming assets improved to $4.2M (0.26% of assets) from $5.2M; ACL ratio 1.35%.
- Liquidity: $479M uninsured deposits ($84M collateralized); no borrowings; FHLB ($240M), BTFP, and other lines available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774923010607/0001437749-23-010607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774923010607/plbc20230414_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010607

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