secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001437749-24-012250
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp Q1 earnings $1.06 EPS down from $1.30; completes $25.7M branch sale-leaseback
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- Net income $6.3M ($1.06 diluted) vs $7.6M ($1.28) in Q1 2023; excludes $1.7M swap gain in prior year.
- Gross loans up 7% to $976M; deposits down $107M to $1.3B; nonperforming assets 0.37% vs 0.26%.
- Completed sale-leaseback of nine branches for $25.7M; gain $19.9M offset by $19.8M loss on investment restructuring.
- BTFP borrowings increased to $105M at 4.85% due Jan 2025; net interest margin 4.62% vs 4.64%.
- Book value per share up 25% to $27.39; return on equity 16.4% vs 25.0% prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924012250/0001437749-24-012250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924012250/plbc20240412_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-012250

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer