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10-Q Filing

PLUMAS BANCORP CIK: 1168455 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001437749-17-007806
Period End Date 20170331
Filing Date 20170503
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance plbc-20170331.xml
Filing Contents
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Allowance for loan losses LoansAndLeasesReceivableAllowance $6.74M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $6.55M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $6.08M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $6.20M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $62.65M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $51.95M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $68.19M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 22.50M shares Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 22.50M shares Point-in-time
Investment securities available for sale AvailableForSaleSecurities $101.59M USD Point-in-time
Investment securities available for sale AvailableForSaleSecurities $110.93M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 4.90M shares Point-in-time
Loans, less allowance for loan losses of $6,743 at March 31, 2017 and $6,549 at December 31, 2016 LoansAndLeasesReceivableNetReportedAmount $465.24M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 4.93M shares Point-in-time
Loans, less allowance for loan losses of $6,743 at March 31, 2017 and $6,549 at December 31, 2016 LoansAndLeasesReceivableNetReportedAmount $456.58M USD Point-in-time
Real estate acquired through foreclosure ForeclosedAssets $651.00K USD Point-in-time
Real estate acquired through foreclosure ForeclosedAssets $735.00K USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 4.90M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 4.93M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $11.63M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $11.77M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $12.53M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $12.61M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $12.12M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $10.59M USD Point-in-time
Total assets Assets $663.61M USD Point-in-time
Total assets Assets $657.98M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $240.87M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $236.78M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $345.57M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $348.42M USD Point-in-time
Total deposits Deposits $582.35M USD Point-in-time
Total deposits Deposits $589.29M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $7.55M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $5.30M USD Point-in-time
Note payable NotesPayable $2.25M USD Point-in-time
Note payable NotesPayable $2.38M USD Point-in-time
Accrued interest payable and other liabilities OtherLiabilities $5.92M USD Point-in-time
Accrued interest payable and other liabilities OtherLiabilities $7.40M 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 $613.07M USD Point-in-time
Total liabilities Liabilities $609.98M 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 4,926,860 shares at March 31, 2017 and 4,896,875 at December 31, 2016 CommonStockValue $6.17M USD Point-in-time
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding 4,926,860 shares at March 31, 2017 and 4,896,875 at December 31, 2016 CommonStockValue $5.92M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $43.05M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $45.03M USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-666.00K USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-972.00K USD Point-in-time
Total shareholders equity StockholdersEquity $50.54M USD Point-in-time
Total shareholders equity StockholdersEquity $47.99M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $663.61M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $657.98M USD Point-in-time
Income Statement 53 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $6.11M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $5.46M USD 1 Quarter
Interest on investment securities InterestAndDividendIncomeSecurities $472.00K USD 1 Quarter
Interest on investment securities InterestAndDividendIncomeSecurities $561.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $96.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $73.00K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $6.00M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $6.76M USD 1 Quarter
Interest on deposits InterestExpenseDeposits $132.00K USD 1 Quarter
Interest on deposits InterestExpenseDeposits $139.00K USD 1 Quarter
Interest on note payable InterestExpenseMediumTermNotes $46.00K USD 1 Quarter
Interest on note payable InterestExpenseMediumTermNotes $24.00K USD 1 Quarter
Interest on junior subordinated deferrable interest debentures InterestExpenseJuniorSubordinatedDebentures $94.00K USD 1 Quarter
Interest on junior subordinated deferrable interest debentures InterestExpenseJuniorSubordinatedDebentures $83.00K USD 1 Quarter
Other InterestExpenseOther $1.00K USD 1 Quarter
Other InterestExpenseOther $1.00K USD 1 Quarter
Total interest expense InterestExpense $262.00K USD 1 Quarter
Total interest expense InterestExpense $258.00K USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $5.74M USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $6.51M USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $200.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $800.00K USD Annual
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 $6.31M USD 1 Quarter
Service charges FeesAndCommissionsDepositorAccounts $931.00K USD 1 Quarter
Service charges FeesAndCommissionsDepositorAccounts $1.05M USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $528.00K USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $333.00K USD 1 Quarter
Loss on sale of investments GainLossOnSaleOfInvestments $-17.00K USD 1 Quarter
Loss on sale of investments GainLossOnSaleOfInvestments $-32.00K USD 1 Quarter
Other NoninterestIncomeOther $421.00K USD 1 Quarter
Other NoninterestIncomeOther $481.00K USD 1 Quarter
Total non-interest income NoninterestIncome $1.65M USD 1 Quarter
Total non-interest income NoninterestIncome $2.05M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $2.93M 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 $769.00K USD 1 Quarter
Other OtherNoninterestExpense $1.32M USD 1 Quarter
Other OtherNoninterestExpense $1.39M USD 1 Quarter
Total non-interest expenses NoninterestExpense $5.08M USD 1 Quarter
Total non-interest expenses NoninterestExpense $4.63M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $3.27M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.56M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $1.21M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $984.00K USD 1 Quarter
Net income NetIncomeLoss $2.06M USD 1 Quarter
Net income NetIncomeLoss $1.57M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.42 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.32 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.40 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 $2.06M USD 1 Quarter
Net income NetIncomeLoss $1.57M USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $200.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $800.00K USD Annual
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 $134.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $267.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $271.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $25.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $43.00K USD 1 Quarter
Loss on sale of investments GainLossOnSaleOfInvestments $-17.00K USD 1 Quarter
Loss 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 $144.00K 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 $5.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $528.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $333.00K USD 1 Quarter
Loans originated for sale LoansOriginatedForsale $8.66M USD 1 Quarter
Loans originated for sale LoansOriginatedForsale $11.20M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $6.34M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $9.20M USD 1 Quarter
Provision from change in OREO valuation RealEstateOwnedValuationAllowanceProvision1 $9.00K USD 1 Quarter
Provision from change in OREO valuation RealEstateOwnedValuationAllowanceProvision1 $9.00K USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $82.00K USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $86.00K USD 1 Quarter
Decrease in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $-1.45M USD 1 Quarter
Decrease in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $-2.15M USD 1 Quarter
Decrease in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $-1.47M USD 1 Quarter
Decrease in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $-758.00K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-25.00K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $779.00K USD 1 Quarter
Proceeds from principal repayments from available-for-sale government-sponsored mortgage-backed securities ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment $3.10M 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 $16.29M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $19.00M 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 $4.22M USD 1 Quarter
Net increase in loans PaymentsForProceedsFromLoansAndLeases $6.41M USD 1 Quarter
Net increase in loans PaymentsForProceedsFromLoansAndLeases $5.70M USD 1 Quarter
Proceeds from sale of OREO ProceedsFromSaleOfOtherRealEstate - USD 1 Quarter
Proceeds from sale of OREO ProceedsFromSaleOfOtherRealEstate $75.00K USD 1 Quarter
Proceeds from sale of other vehicles ProceedsFromSaleOfForeclosedAssets $66.00K 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 $118.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-15.36M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.55M USD 1 Quarter
Net increase (decrease) in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsdeposits $8.53M USD 1 Quarter
Net increase (decrease) in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsdeposits $-1.21M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-1.59M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-856.00K USD 1 Quarter
Principal payment on note payable RepaymentsOfNotesPayable $125.00K USD 1 Quarter
Principal payment on note payable RepaymentsOfNotesPayable $125.00K USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-3.50M USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-2.25M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $62.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $123.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $4.69M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.63M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-12.40M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.69M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $62.65M 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 $51.95M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $68.19M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $62.65M 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 $51.95M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $68.19M USD Point-in-time
Interest expense InterestPaid $260.00K USD 1 Quarter
Interest expense InterestPaid $256.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $50.00K USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $102.00K USD Point-in-time
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $50.00K USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $2.06M USD 1 Quarter
Net income NetIncomeLoss $1.57M USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $1.39M USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $503.00K USD 1 Quarter
Reclassification adjustments for net losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-17.00K USD 1 Quarter
Reclassification adjustments for net losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-32.00K USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $1.42M USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $520.00K USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $574.00K USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $207.00K USD 1 Quarter
Reclassification of net losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-7.00K USD 1 Quarter
Reclassification of net losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-13.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $214.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $587.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $836.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $306.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $2.37M 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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