Plumas Bancorp

Plumas Bancorp is the bank holding company for Plumas Bank, offering a wide range of banking products and services primarily to small and middle market businesses and individuals. The company accepts various deposit accounts, including checking, money market checking, business sweep, public funds sweep, savings, and retirement accounts, as well as time and remote deposits. Its loan portfolio includes personal and commercial loans, real estate, construction, agricultural, and government-guaranteed loans. Additionally, it provides residential and home equity lines of credit, land development and construction loans, automobile loans, consumer loans, and small business administration loans. The bank also offers digital banking services such as telephone and mobile banking, internet banking with bill-pay, and electronic funds transfer, along with traditional services like safe deposit boxes and night depository.

Plumas Bancorp is listed on the NasdaqCM exchange under the ticker symbol PLBC. The company operates in the United States and its financials are reported in US Dollars (USD). As a regional bank holding company, its shares are traded on this major US stock exchange, providing liquidity and visibility to investors. The use of USD aligns with its domestic operations and the currency of the US banking system.

Plumas Bancorp operates in the Financial Services sector, specifically within the Banks - Regional industry. This classification indicates that the company is a regional bank, focusing on providing banking services to local communities and businesses. Regional banks like Plumas typically offer a mix of retail and commercial banking products, including deposits, loans, and other financial services, but operate on a smaller scale compared to national or global banks. The company's industry focus on regional banking means it serves specific geographic areas, in this case, primarily in Nevada and California.

Plumas Bancorp is headquartered in Reno, Nevada, United States. Founded in 1980, the company serves customers primarily in the western United States, with a focus on small and middle market businesses and individuals. As a regional bank, Plumas Bank operates branches and provides services in Nevada and California, catering to local communities. The bank's services are tailored to meet the needs of its regional market, including agricultural loans, construction financing, and government-guaranteed lending programs. Its headquarters in Reno positions it strategically to serve the banking needs of the region.

Plumas Bancorp generates revenue primarily through its banking operations, including interest income from its loan portfolio and fee-based services. The loan portfolio consists of personal and commercial loans, real estate loans, construction loans, agricultural loans, and government-guaranteed loans such as Small Business Administration (SBA) loans. The bank also earns income from deposits, offering various accounts like checking, savings, and money market accounts. Additionally, it provides fee-generating services such as mobile banking, internet banking with bill-pay, electronic funds transfer, and other customary banking services. The company also offers the FedNow®-receive Service, which may contribute to transaction fee income. Overall, its revenue model is typical of a regional bank, relying on net interest margin and non-interest income.