{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-001914","form_type":"8-K","ticker":"PLBC","cik":"0001168455","company_name":"PLUMAS BANCORP","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.544420+00:00","generated_at":"2026-06-06T19:48:43.935693+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Plumas Bancorp enters $33.6M sale-leaseback for up to 12 properties; expects ~$27M pre-tax gain","bullets":["Agreements with Mountainseed Real Estate Services for up to 12 properties (11 CA, 1 NV) for aggregate $33.6M cash.","Simultaneous 15-year triple-net leaseback with one 15-year renewal; annual rent ~$3.1M, increasing 2% yearly.","Expects pre-tax gain of ~$27M if all properties sold; closing targeted Q1 2024, subject to due diligence.","Bank may sell securities portfolio in loss position to offset some or all of the gain from the sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-001914","json":"https://secwatch.observer/filing/0001437749-24-001914.json","markdown":"https://secwatch.observer/filing/0001437749-24-001914.md","text":"https://secwatch.observer/filing/0001437749-24-001914.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/0001437749-24-001914-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/plbc20240119_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:48:43.935693+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c1fbe5d1652d89b374160587f62cbef350c8d040","claim":"PLUMAS BANCORP entered into Sale Agreement for Non-Branch Offices with Mountainseed Real Estate Services, LLC valued at approximately $7.9 million (effective 2024-01-19).","evidence_excerpt":"The second Sale Agreement provides for the sale to Mountainseed of up to three properties operated as non-branch administrative offices (the “Non-Branch Offices”) for an aggregate cash purchase price of $7.9 million, assuming all of the Non-Branch Offices are sold.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/0001437749-24-001914-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Mountainseed Real Estate Services, LLC"},{"label":"Value","value":"approximately $7.9 million"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"},{"claim_id":"d4899bcea1a6e07c2ce977bcd32d552aa9196dc3","claim":"PLUMAS BANCORP entered into Sale Agreement for Branches with Mountainseed Real Estate Services, LLC valued at approximately $25.7 million (effective 2024-01-19).","evidence_excerpt":"On January 19, 2024, Plumas Bank (the “Bank”), a wholly-owned subsidiary of Plumas Bancorp (the “Company”), entered into two agreements for the purchase and sale of real property (the “Sale Agreements”) with Mountainseed Real Estate Services, LLC, a Georgia limited liability company (“Mountainseed”), providing for the Bank’s sale to Mountainseed of up to 12 properties (the “Properties”) for an aggregate cash purchase price of $33.6 million, assuming all of the Properties are sold.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/0001437749-24-001914-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Mountainseed Real Estate Services, LLC"},{"label":"Value","value":"approximately $25.7 million"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}