secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0001437749-25-036079
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp completes $5.55M sale-leaseback of two Quincy offices; pre-tax gain ~$5.5M
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- Sold two administrative offices in Quincy, CA for $5,550,000 cash to BBS Branch III, LLC.
- Entered triple net leases with 15-year initial term, 3% annual escalator; aggregate annual rent ~$463,000.
- Pre-tax gain of approximately $5.5 million recognized on the transaction.
- Company evaluating sale of securities portfolio in loss position to offset gain and lease expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925036079/0001437749-25-036079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925036079/plbc20251121_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-036079

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