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10-Q Filing

PLUMAS BANCORP CIK: 1168455 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001437749-16-030712
Period End Date 20160331
Filing Date 20160504
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance plbc-20160331.xml
Filing Contents
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Allowance for loan losses LoansAndLeasesReceivableAllowance $6.08M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $5.45M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $6.20M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $5.72M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $45.57M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $68.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.80M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $48.63M USD Point-in-time
Investment securities available for sale AvailableForSaleSecurities $99.63M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 22.50M shares Point-in-time
Investment securities available for sale AvailableForSaleSecurities $96.70M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 22.50M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 4.85M shares Point-in-time
Loans, less allowance for loan losses of $6,198 at March 31, 2016 and $6,078 at December 31, 2015 LoansAndLeasesReceivableNetReportedAmount $396.83M USD Point-in-time
Loans, less allowance for loan losses of $6,198 at March 31, 2016 and $6,078 at December 31, 2015 LoansAndLeasesReceivableNetReportedAmount $404.91M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 4.84M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 4.84M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 4.85M shares Point-in-time
Real estate acquired through foreclosure ForeclosedAssets $1.76M USD Point-in-time
Real estate acquired through foreclosure ForeclosedAssets $1.76M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $12.25M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $12.23M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $12.19M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $12.27M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $11.38M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $8.70M USD Point-in-time
Total assets Assets $595.32M USD Point-in-time
Total assets Assets $599.29M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $201.58M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $209.04M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $323.63M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $318.23M USD Point-in-time
Total deposits Deposits $525.21M USD Point-in-time
Total deposits Deposits $527.28M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $7.67M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $4.17M USD Point-in-time
Note payable. NotesPayable $4.88M USD Point-in-time
Note payable. NotesPayable $4.75M USD Point-in-time
Accrued interest payable and other liabilities OtherLiabilities $6.66M USD Point-in-time
Accrued interest payable and other liabilities OtherLiabilities $5.90M 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 $550.34M USD Point-in-time
Total liabilities Liabilities $556.79M 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 4,852,875 shares at March 31, 2016 and 4,835,432 at December 31, 2015 CommonStockValue $6.55M USD Point-in-time
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding 4,852,875 shares at March 31, 2016 and 4,835,432 at December 31, 2015 CommonStockValue $6.47M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $36.06M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $37.64M USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $794.00K USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-42.00K USD Point-in-time
Total shareholders equity StockholdersEquity $42.50M USD Point-in-time
Total shareholders equity StockholdersEquity $44.98M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $595.32M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $599.29M USD Point-in-time
Income Statement 55 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $5.46M 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 $472.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $73.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $35.00K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $6.00M 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 $132.00K USD 1 Quarter
Interest on note payable InterestExpenseMediumTermNotes $11.00K USD 1 Quarter
Interest on note payable InterestExpenseMediumTermNotes $46.00K USD 1 Quarter
Interest on subordinated debt InterestExpenseSubordinatedNotesAndDebentures - USD 1 Quarter
Interest on subordinated debt InterestExpenseSubordinatedNotesAndDebentures $188.00K USD 1 Quarter
Interest on junior subordinated deferrable interest debentures InterestExpenseJuniorSubordinatedDebentures $83.00K 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 $1.00K USD 1 Quarter
Total interest expense InterestExpense $262.00K USD 1 Quarter
Total interest expense InterestExpense $399.00K USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $4.98M USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $5.74M USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $1.10M USD Annual
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $300.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $200.00K USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $5.54M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $4.68M USD 1 Quarter
Service charges FeesAndCommissionsDepositorAccounts $938.00K USD 1 Quarter
Service charges FeesAndCommissionsDepositorAccounts $931.00K USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $333.00K USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $657.00K USD 1 Quarter
(Loss) gain on sale of investments GainLossOnSaleOfInvestments $30.00K USD 1 Quarter
(Loss) gain on sale of investments GainLossOnSaleOfInvestments $-32.00K USD 1 Quarter
Other NoninterestIncomeOther $420.00K USD 1 Quarter
Other NoninterestIncomeOther $421.00K USD 1 Quarter
Total non-interest income NoninterestIncome $1.65M USD 1 Quarter
Total non-interest income NoninterestIncome $2.04M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $2.72M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $2.61M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $707.00K USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $700.00K USD 1 Quarter
Other OtherNoninterestExpense $1.32M USD 1 Quarter
Other OtherNoninterestExpense $1.29M USD 1 Quarter
Total non-interest expenses NoninterestExpense $4.63M USD 1 Quarter
Total non-interest expenses NoninterestExpense $4.71M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.56M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.02M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $984.00K USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $801.00K USD 1 Quarter
Net income NetIncomeLoss $1.22M USD 1 Quarter
Net income NetIncomeLoss $1.57M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.32 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 $0.24 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.31 USD 1 Quarter
Cash Flow Statement 77 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $1.22M USD 1 Quarter
Net income NetIncomeLoss $1.57M USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $1.10M USD Annual
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $300.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $200.00K USD 1 Quarter
Change in deferred loan origination costs/fees, net AmortizationOfDeferredLoanOriginationFeesNet $122.00K USD 1 Quarter
Change in deferred loan origination costs/fees, net AmortizationOfDeferredLoanOriginationFeesNet $148.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $327.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $267.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $29.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $25.00K USD 1 Quarter
Loss (gain) on sale of Investments GainLossOnSaleOfInvestments $30.00K USD 1 Quarter
Loss (gain) on sale of Investments GainLossOnSaleOfInvestments $-32.00K USD 1 Quarter
Amortization of investment security premiums InvestmentIncomeAmortizationOfPremium $150.00K USD 1 Quarter
Amortization of investment security premiums InvestmentIncomeAmortizationOfPremium $127.00K USD 1 Quarter
Gain on sale of OREO and other vehicles NetGainLossOnSaleOfOtherRealEstateAndVehiclesowned $3.00K USD 1 Quarter
Gain on sale of OREO and other vehicles NetGainLossOnSaleOfOtherRealEstateAndVehiclesowned $17.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $333.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $657.00K USD 1 Quarter
Loans originated for sale LoansOriginatedForsale $9.13M USD 1 Quarter
Loans originated for sale LoansOriginatedForsale $8.66M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $6.34M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $9.48M USD 1 Quarter
Provision from change in OREO valuation RealEstateOwnedValuationAllowanceProvision1 $-129.00K USD 1 Quarter
Provision from change in OREO valuation RealEstateOwnedValuationAllowanceProvision1 $9.00K USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $86.00K USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $85.00K USD 1 Quarter
Decrease in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $-2.15M USD 1 Quarter
Decrease in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $-134.00K USD 1 Quarter
(Decrease) increase in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $-758.00K USD 1 Quarter
(Decrease) increase in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $245.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.66M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $779.00K 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 $2.72M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $19.00M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $8.58M USD 1 Quarter
Proceeds from sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $14.59M 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 $5.70M USD 1 Quarter
Proceeds from sale of OREO ProceedsFromSaleOfOtherRealEstate $301.00K USD 1 Quarter
Proceeds from sale of OREO ProceedsFromSaleOfOtherRealEstate - USD 1 Quarter
Proceeds from sale of other vehicles ProceedsFromSaleOfForeclosedAssets $73.00K USD 1 Quarter
Proceeds from sale of other vehicles ProceedsFromSaleOfForeclosedAssets $107.00K USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $269.00K USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $104.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-11.71M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.55M USD 1 Quarter
Net (decrease) increase in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsdeposits $17.03M USD 1 Quarter
Net (decrease) increase in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsdeposits $-1.21M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-1.25M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-856.00K USD 1 Quarter
Principal payment on note payable RepaymentsOfNotesPayable - USD 1 Quarter
Principal payment on note payable RepaymentsOfNotesPayable $125.00K USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-2.68M USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-3.50M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $62.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $12.00K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $13.10M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.63M USD 1 Quarter
(Decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-12.40M USD 1 Quarter
(Decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.06M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $45.57M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $68.19M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $55.80M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $48.63M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $45.57M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $68.19M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $55.80M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $48.63M USD Point-in-time
Interest expense InterestPaid $355.00K USD 1 Quarter
Interest expense InterestPaid $260.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $155.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $50.00K USD 1 Quarter
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $309.00K USD Point-in-time
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $102.00K USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $1.22M USD 1 Quarter
Net income NetIncomeLoss $1.57M USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $653.00K USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $1.39M USD 1 Quarter
Reclassification adjustments for net losses (gains) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $30.00K USD 1 Quarter
Reclassification adjustments for net losses (gains) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-32.00K USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $623.00K USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $1.42M USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $574.00K USD 1 Quarter
Change in net unrealized gain OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $269.00K USD 1 Quarter
Reclassification of net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-13.00K USD 1 Quarter
Reclassification of net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $12.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $587.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $257.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $366.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $836.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $1.58M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $2.41M USD 1 Quarter

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

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