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10-Q Filing

PLUMAS BANCORP CIK: 1168455 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001437749-15-009050
Period End Date 20150331
Filing Date 20150506
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance plbc-20150331.xml
Filing Contents
Balance Sheet 60 line items
Line Item Tag Value Unit Period
Allowance for loan losses (in Dollars) LoansAndLeasesReceivableAllowance $5.52M USD Point-in-time
Allowance for loan losses (in Dollars) LoansAndLeasesReceivableAllowance $5.71M USD Point-in-time
Allowance for loan losses (in Dollars) LoansAndLeasesReceivableAllowance $5.45M USD Point-in-time
Allowance for loan losses (in Dollars) LoansAndLeasesReceivableAllowance $5.72M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $48.63M USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $50.21M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $49.92M USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $45.57M USD Point-in-time
Investment securities available for sale AvailableForSaleSecurities $90.07M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 22.50M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 22.50M shares Point-in-time
Investment securities available for sale AvailableForSaleSecurities $90.32M USD Point-in-time
Loans, less allowance for loan losses of $5,722 at March 31, 2015 and $5,451 at December 31, 2014 LoansAndLeasesReceivableNetReportedAmount $366.79M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 4.80M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 4.80M shares Point-in-time
Loans, less allowance for loan losses of $5,722 at March 31, 2015 and $5,451 at December 31, 2014 LoansAndLeasesReceivableNetReportedAmount $379.23M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $11.47M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 4.80M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 4.80M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $11.64M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $11.93M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $11.85M USD Point-in-time
Real estate and vehicles acquired through foreclosure ForeclosedAssets $3.60M USD Point-in-time
Real estate and vehicles acquired through foreclosure ForeclosedAssets $3.68M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $8.83M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $9.09M USD Point-in-time
Total assets Assets $553.85M USD Point-in-time
Total assets Assets $538.86M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $183.97M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $180.65M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $287.24M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $299.69M USD Point-in-time
Total deposits Deposits $467.89M USD Point-in-time
Total deposits Deposits $483.66M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $6.94M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $9.63M USD Point-in-time
Note payable NotesPayable $1.00M USD Point-in-time
Note payable NotesPayable $1.00M USD Point-in-time
Subordinated debenture SubordinatedDebt $7.45M USD Point-in-time
Subordinated debenture SubordinatedDebt $7.49M USD Point-in-time
Accrued interest payable and other liabilities OtherLiabilities $6.33M USD Point-in-time
Accrued interest payable and other liabilities OtherLiabilities $6.08M USD Point-in-time
Junior subordinated deferrable interest debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $10.31M USD Point-in-time
Junior subordinated deferrable interest debentures JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust $10.31M USD Point-in-time
Total liabilities Liabilities $515.74M USD Point-in-time
Total liabilities Liabilities $502.37M USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding 4,803,239 shares at March 31, 2015 and 4,799,139 at December 31, 2014 CommonStockValue $6.34M USD Point-in-time
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding 4,803,239 shares at March 31, 2015 and 4,799,139 at December 31, 2014 CommonStockValue $6.31M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $31.46M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $30.25M USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $306.00K USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-60.00K USD Point-in-time
Total shareholders equity StockholdersEquity $36.50M USD Point-in-time
Total shareholders equity StockholdersEquity $38.11M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $538.86M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $553.85M USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $4.61M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $4.94M USD 1 Quarter
Interest on investment securities InterestAndDividendIncomeSecurities $398.00K USD 1 Quarter
Interest on investment securities InterestAndDividendIncomeSecurities $374.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $35.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $30.00K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $5.01M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $5.38M USD 1 Quarter
Interest on deposits InterestExpenseDeposits $124.00K USD 1 Quarter
Interest on deposits InterestExpenseDeposits $133.00K USD 1 Quarter
Interest on note payable InterestExpenseMediumTermNotes $11.00K USD 1 Quarter
Interest on note payable InterestExpenseMediumTermNotes $32.00K USD 1 Quarter
Interest on subordinated debt InterestExpenseSubordinatedNotesAndDebentures $188.00K USD 1 Quarter
Interest on subordinated debt InterestExpenseSubordinatedNotesAndDebentures $188.00K USD 1 Quarter
Interest on junior subordinated deferrable interest debentures InterestExpenseJuniorSubordinatedDebentures $74.00K USD 1 Quarter
Interest on junior subordinated deferrable interest debentures InterestExpenseJuniorSubordinatedDebentures $74.00K USD 1 Quarter
Other InterestExpenseOther $2.00K USD 1 Quarter
Other InterestExpenseOther $2.00K USD 1 Quarter
Total interest expense InterestExpense $399.00K USD 1 Quarter
Total interest expense InterestExpense $429.00K USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $4.58M USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $4.98M USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $300.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $150.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $1.10M USD Annual
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $4.43M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $4.68M USD 1 Quarter
Service charges FeesAndCommissionsDepositorAccounts $994.00K USD 1 Quarter
Service charges FeesAndCommissionsDepositorAccounts $938.00K USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $332.00K USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $657.00K USD 1 Quarter
Gain on sale of investments GainLossOnSaleOfInvestments $30.00K USD 1 Quarter
Other NoninterestIncomeOther $420.00K USD 1 Quarter
Other NoninterestIncomeOther $362.00K USD 1 Quarter
Total non-interest income NoninterestIncome $2.04M USD 1 Quarter
Total non-interest income NoninterestIncome $1.69M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $2.72M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $2.37M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $779.00K USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $700.00K USD 1 Quarter
Other OtherNoninterestExpense $1.41M USD 1 Quarter
Other OtherNoninterestExpense $1.29M USD 1 Quarter
Total non-interest expenses NoninterestExpense $4.71M USD 1 Quarter
Total non-interest expenses NoninterestExpense $4.56M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.02M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.56M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $618.00K USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $801.00K USD 1 Quarter
Net income NetIncomeLoss $942.00K USD 1 Quarter
Net income NetIncomeLoss $1.22M USD 1 Quarter
Basic earnings per common share (in Dollars per share) EarningsPerShareBasic $0.20 USD 1 Quarter
Basic earnings per common share (in Dollars per share) EarningsPerShareBasic $0.25 USD 1 Quarter
Diluted earnings per common share (in Dollars per share) EarningsPerShareDiluted $0.19 USD 1 Quarter
Diluted earnings per common share (in Dollars per share) EarningsPerShareDiluted $0.24 USD 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $942.00K USD 1 Quarter
Net income NetIncomeLoss $1.22M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $300.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $150.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.10M USD Annual
Change in deferred loan origination costs/fees, net AmortizationOfDeferredLoanOriginationFeesNet $185.00K USD 1 Quarter
Change in deferred loan origination costs/fees, net AmortizationOfDeferredLoanOriginationFeesNet $148.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $325.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $327.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $29.00K USD 1 Quarter
Gain on sale of Investments GainLossOnSaleOfInvestments $30.00K USD 1 Quarter
Amortization of investment security premiums InvestmentIncomeAmortizationOfPremium $118.00K USD 1 Quarter
Amortization of investment security premiums InvestmentIncomeAmortizationOfPremium $127.00K USD 1 Quarter
Gain on sale of OREO and other vehicles NetLossGainOnSaleOfOtherRealEstateAndVehiclesOwned $70.00K USD 1 Quarter
Gain on sale of OREO and other vehicles NetLossGainOnSaleOfOtherRealEstateAndVehiclesOwned $17.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $332.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $657.00K USD 1 Quarter
Loans originated for sale LoansOriginatedForSale $2.96M USD 1 Quarter
Loans originated for sale LoansOriginatedForSale $9.13M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $9.48M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $5.32M USD 1 Quarter
Provision from change in OREO valuation RealEstateOwnedValuationAllowanceProvision1 $-129.00K USD 1 Quarter
Provision from change in OREO valuation RealEstateOwnedValuationAllowanceProvision1 $135.00K USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $85.00K USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $87.00K USD 1 Quarter
Decrease in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $-134.00K USD 1 Quarter
Decrease in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $-360.00K USD 1 Quarter
Increase (decrease) in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $245.00K USD 1 Quarter
Increase (decrease) in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $-52.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.66M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $3.67M USD 1 Quarter
Proceeds from matured and called available-for-sale investment securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $13.04M USD 1 Quarter
Proceeds from principal repayments from available-for-sale government-sponsored mortgage-backed securities ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment $2.69M USD 1 Quarter
Proceeds from principal repayments from available-for-sale government-sponsored mortgage-backed securities ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment $2.05M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $13.16M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $8.58M USD 1 Quarter
Proceeds from sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $6.67M USD 1 Quarter
Net increase in loans PaymentsForProceedsFromLoansAndLeases $12.75M USD 1 Quarter
Net increase in loans PaymentsForProceedsFromLoansAndLeases $8.52M USD 1 Quarter
Proceeds from sale of OREO ProceedsFromSaleOfOtherRealEstate $431.00K USD 1 Quarter
Proceeds from sale of OREO ProceedsFromSaleOfOtherRealEstate $301.00K USD 1 Quarter
Proceeds from sale of other vehicles ProceedsFromSaleOfForeclosedAssets $93.00K USD 1 Quarter
Proceeds from sale of other vehicles ProceedsFromSaleOfForeclosedAssets $73.00K USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $15.00K USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $104.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-11.71M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.08M USD 1 Quarter
Net increase in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsDeposits $7.14M USD 1 Quarter
Net increase in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsDeposits $17.03M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-1.25M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-1.39M USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-3.04M USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-2.68M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $6.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $12.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $13.10M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $2.71M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $297.00K USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.06M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $48.63M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $50.21M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $49.92M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $45.57M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $48.63M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $50.21M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $49.92M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $45.57M USD Point-in-time
Interest expense InterestPaid $384.00K USD 1 Quarter
Interest expense InterestPaid $355.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $120.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $155.00K USD 1 Quarter
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $158.00K USD 1 Quarter
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $309.00K USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $942.00K USD 1 Quarter
Net income NetIncomeLoss $1.22M USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $538.00K USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $653.00K USD 1 Quarter
Less: reclassification adjustments for net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $30.00K USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $623.00K USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $538.00K USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $269.00K USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $222.00K USD 1 Quarter
Reclassification of net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $12.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $222.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $257.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $316.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $366.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $1.26M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $1.58M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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