secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0001437749-25-012121
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp Q1 EPS $1.21, up 14% YoY; NIM expands to 4.95%
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- Net income $7.2M ($1.20 diluted) vs $6.3M ($1.05) in Q1 2024; revenue net interest income $18.5M (+$1.1M).
- Net interest margin 4.95% vs 4.62% a year ago; provision for credit losses fell to $250K from $821K.
- Non-interest income boosted by $1.1M Dixie Fire settlement; merger-related costs of $569K for Cornerstone acquisition.
- Loans +3.5% to $1.0B; deposits +5.6% to $1.4B; borrowings down 87.5% to $15M; book value per share $31.68 (+15.7%).
- Nonperforming loans fell to $3.7M (0.36% of loans) from $5.6M (0.57%); net charge-offs dropped to $127K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925012121/0001437749-25-012121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925012121/plbc20250414_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-012121

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