other
confidence high
sentiment neutral
materiality 0.40
Plumas Bancorp approves 2025 cash incentive plan with ROA-based bonus pool
PLUMAS BANCORP
- Officers' portion represents 90.9% of combined bonus pools; maximum total pool is 8.8% of pretax pre-bonus income.
- CEO can receive up to 12% of officers' pool; EVPs each up to 4.65%; payouts tied to ROA percentile vs. $1B-$3B bank peers.
- Incentives begin when Bank exceeds 50th percentile ROA; at 80.8th percentile total pool equals 5.5% of pretax pre-bonus income.
- CEO incentive based 50% on ROA percentile, 16.7% on performance goals, 16.6% on metrics (loan/deposit growth, asset quality), 16.7% on CEO evaluation.
- Board may terminate or modify the Plan; all payouts require Corporate Governance and Compensation Committee approval.