secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2025-10-15T23:59:59+00:00
Accession:  0001437749-25-030970
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp Q3 net income $5.1M ($0.74/sh) down 35% YoY; acquired Cornerstone
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- Net income $5.1M, down from $7.8M in Q3 2024; diluted EPS $0.73 vs $1.31.
- Provision for credit losses surged $5.8M; nonperforming loans at 1.0% of loans (up from 0.44%).
- Acquisition of Cornerstone Community Bank closed July 1; added $658M assets, $478M loans, $580M deposits; $6.2M nonrecurring costs.
- Non-GAAP net income $9.5M, diluted EPS $1.35 excluding acquisition expenses; net interest margin 4.83% vs 4.76%.
- Book value per share $35.38, up 17% YoY; intends to redeem $10M subordinated notes Dec 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925030970/0001437749-25-030970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925030970/plbc20251014_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-030970

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