secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001437749-23-028464
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp Q3 net income $8.0M ($1.36 EPS), record quarter; NIM widens to 4.77%
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- Q3 2023 net income $8.0M ($1.34 diluted EPS) vs $7.2M ($1.23) in Q3 2022; record for any quarter.
- Net interest margin expanded 77 bps to 4.77% from 4.00% YoY; average loan yield up 65 bps to 6.00%.
- Gross loans grew 12% YoY to $959M; deposits decreased $109M to $1.4B, with 53% non-interest bearing.
- Nonperforming assets rose to $4.8M (0.31% of assets) from $1.9M; $1.8M of walnut grower loans paid off in early October.
- Discontinued dealer loan program; ROAA improved to 2.00% (from 1.72%) and ROAE to 24.4% (from 23.7%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774923028464/0001437749-23-028464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774923028464/plbc20231013_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028464

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