secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001437749-24-001476
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp reports record FY2023 net income $29.8M; Q4 net income down 4% YoY to $7.5M
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- Net income for 2023 $29.8M ($5.08 basic EPS) vs $26.4M ($4.53) in 2022, up 13%.
- Q4 2023 net income $7.5M ($1.28), down 4% from $7.8M ($1.34) in Q4 2022.
- Net interest margin expanded 89 bps to 4.71% for 2023; loans +5% to $959M, deposits -9% to $1.3B.
- Nonperforming assets rose to $5.3M from $1.2M; allowance/loans 1.34% vs 1.18% a year ago.
- Management terminated indirect auto loan program; plans sale-leaseback in Q1 2024 to restructure portfolio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924001476/0001437749-24-001476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924001476/plbc20240112_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001476

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