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10-Q Filing

PLUMAS BANCORP CIK: 1168455 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001437749-20-009545
Period End Date 20200331
Filing Date 20200506
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance plbc-20200331.xml
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $7.07M USD Point-in-time
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $7.24M USD Point-in-time
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $7.80M USD Point-in-time
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $6.96M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $44.75M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $58.06M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $46.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $46.94M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockNoParValue - USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 22.50M shares Point-in-time
Investment securities available for sale AvailableForSaleSecurities $159.32M USD Point-in-time
Investment securities available for sale AvailableForSaleSecurities $159.25M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 22.50M shares Point-in-time
Loans, less allowance for loan losses of $7,804 at March 31, 2020 and $7,243 at December 31, 2019 LoansAndLeasesReceivableNetReportedAmount $616.04M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 5.18M shares Point-in-time
Loans, less allowance for loan losses of $7,804 at March 31, 2020 and $7,243 at December 31, 2019 LoansAndLeasesReceivableNetReportedAmount $619.49M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 5.17M shares Point-in-time
Common stock, shares outsanding (in shares) CommonStockSharesOutstanding 5.17M shares Point-in-time
Real estate acquired through foreclosure ForeclosedAssets $707.00K USD Point-in-time
Real estate acquired through foreclosure ForeclosedAssets $707.00K USD Point-in-time
Common stock, shares outsanding (in shares) CommonStockSharesOutstanding 5.18M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $14.63M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $14.77M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $13.28M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $13.18M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $14.37M USD Point-in-time
Accrued interest receivable and other assets InterestReceivableAndOtherAssets $14.02M USD Point-in-time
Total assets Assets $865.19M USD Point-in-time
Total assets Assets $879.57M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $331.62M USD Point-in-time
Non-interest bearing NoninterestBearingDepositLiabilities $336.38M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $426.51M USD Point-in-time
Interest bearing InterestBearingDepositLiabilities $415.70M USD Point-in-time
Total deposits Deposits $762.89M USD Point-in-time
Total deposits Deposits $747.32M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $8.38M USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $16.01M USD Point-in-time
Accrued interest payable and other liabilities AccruedLiabilitiesAndOtherLiabilities $7.04M USD Point-in-time
Accrued interest payable and other liabilities AccruedLiabilitiesAndOtherLiabilities $7.76M 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 $789.34M USD Point-in-time
Total liabilities Liabilities $780.69M 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 5,176,032 shares at March 31, 2020 and 5,165,760 at December 31, 2019 CommonStockValue $7.42M USD Point-in-time
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding 5,176,032 shares at March 31, 2020 and 5,165,760 at December 31, 2019 CommonStockValue $7.31M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $78.46M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $75.14M USD Point-in-time
Accumulated other comprehensive income, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.05M USD Point-in-time
Accumulated other comprehensive income, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $4.34M USD Point-in-time
Total shareholders equity StockholdersEquity $90.23M USD Point-in-time
Total shareholders equity StockholdersEquity $66.93M USD Point-in-time
Total shareholders equity StockholdersEquity $72.71M USD Point-in-time
Total shareholders equity StockholdersEquity $84.50M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $879.57M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $865.19M USD Point-in-time
Income Statement 51 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $8.54M USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $8.51M USD 1 Quarter
Interest on investment securities InterestAndDividendIncomeSecurities $1.14M USD 1 Quarter
Interest on investment securities InterestAndDividendIncomeSecurities $952.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $179.00K USD 1 Quarter
Other OtherInterestAndDividendIncome $107.00K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $9.60M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $9.83M USD 1 Quarter
Interest on deposits InterestExpenseDeposits $297.00K USD 1 Quarter
Interest on deposits InterestExpenseDeposits $259.00K USD 1 Quarter
Interest on junior subordinated deferrable interest debentures InterestExpenseJuniorSubordinatedDebentures $140.00K USD 1 Quarter
Interest on junior subordinated deferrable interest debentures InterestExpenseJuniorSubordinatedDebentures $116.00K USD 1 Quarter
Other InterestExpenseOther $3.00K USD 1 Quarter
Other InterestExpenseOther $3.00K USD 1 Quarter
Total interest expense InterestExpense $378.00K USD 1 Quarter
Total interest expense InterestExpense $440.00K USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $9.39M USD 1 Quarter
Net interest income before provision for loan losses InterestIncomeExpenseNet $9.22M USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $1.50M USD Annual
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $400.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $750.00K USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $8.47M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $8.99M USD 1 Quarter
Service charges RevenueFromContractWithCustomerIncludingAssessedTax $650.00K USD 1 Quarter
Service charges RevenueFromContractWithCustomerIncludingAssessedTax $705.00K USD 1 Quarter
Interchange revenue InterchangeRevenue $513.00K USD 1 Quarter
Interchange revenue InterchangeRevenue $539.00K USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $464.00K USD 1 Quarter
Gain on sale of loans GainLossOnSaleOfLoansAndLeases $244.00K USD 1 Quarter
Other NoninterestIncomeOther $558.00K USD 1 Quarter
Other NoninterestIncomeOther $517.00K USD 1 Quarter
Total non-interest income NoninterestIncome $1.97M USD 1 Quarter
Total non-interest income NoninterestIncome $2.23M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $3.20M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $3.53M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $858.00K USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $865.00K USD 1 Quarter
Other OtherNoninterestExpense $1.74M USD 1 Quarter
Other OtherNoninterestExpense $1.63M USD 1 Quarter
Total non-interest expenses NoninterestExpense $6.14M USD 1 Quarter
Total non-interest expenses NoninterestExpense $5.68M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $4.56M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $5.27M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $1.24M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $1.45M USD 1 Quarter
Net income NetIncomeLoss $3.32M USD 1 Quarter
Net income NetIncomeLoss $3.82M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.64 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.74 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.63 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.73 USD 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $3.32M USD 1 Quarter
Net income NetIncomeLoss $3.82M USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $1.50M USD Annual
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $400.00K USD 1 Quarter
Provision for Loan Losses ProvisionForLoanAndLeaseLosses $750.00K USD 1 Quarter
Change in deferred loan origination costs/fees, net AmortizationOfDeferredLoanOriginationFeesNet $266.00K USD 1 Quarter
Change in deferred loan origination costs/fees, net AmortizationOfDeferredLoanOriginationFeesNet $167.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $348.00K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $355.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $50.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $78.00K USD 1 Quarter
Amortization of investment security premiums InvestmentIncomeAmortizationOfPremium $221.00K USD 1 Quarter
Amortization of investment security premiums InvestmentIncomeAmortizationOfPremium $180.00K USD 1 Quarter
Gain on sale of OREO and other vehicles NetGainLossOnSaleOfOtherRealEstateAndVehiclesowned $9.00K USD 1 Quarter
Gain on sale of OREO and other vehicles NetGainLossOnSaleOfOtherRealEstateAndVehiclesowned $-3.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $464.00K USD 1 Quarter
Gain on sale of loans held for sale GainLossOnSaleOfLoansAndLeases $244.00K USD 1 Quarter
Loans originated for sale LoansOriginatedForsale $7.54M USD 1 Quarter
Loans originated for sale LoansOriginatedForsale $3.71M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $10.49M USD 1 Quarter
Proceeds from loan sales ProceedsFromSaleOfLoansHeldForSale $6.05M USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $82.00K USD 1 Quarter
Earnings on bank-owned life insurance BankOwnedLifeInsuranceIncome $91.00K USD 1 Quarter
Increase in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $627.00K USD 1 Quarter
Increase in accrued interest receivable and other assets IncreaseDecreaseInOtherOperatingAssets $533.00K USD 1 Quarter
Increase in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $994.00K USD 1 Quarter
Increase in accrued interest payable and other liabilities IncreaseDecreaseInOtherAccruedLiabilities $726.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $7.14M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $6.91M USD 1 Quarter
Proceeds from principal repayments from available-for-sale government-sponsored mortgage-backed securities ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment $6.82M USD 1 Quarter
Proceeds from principal repayments from available-for-sale government-sponsored mortgage-backed securities ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment $4.21M USD 1 Quarter
Proceeds from matured and called available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $380.00K USD 1 Quarter
Proceeds from matured and called available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities - USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $3.50M USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $4.08M USD 1 Quarter
Net increase in loans PaymentsToAcquireLoansAndLeasesHeldForInvestment $9.80M USD 1 Quarter
Net increase in loans PaymentsToAcquireLoansAndLeasesHeldForInvestment $6.82M USD 1 Quarter
Proceeds from sale of other vehicles ProceedsFromSaleOfForeclosedAssets $167.00K USD 1 Quarter
Proceeds from sale of other vehicles ProceedsFromSaleOfForeclosedAssets $118.00K USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $202.00K USD 1 Quarter
Purchase of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $410.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.99M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-9.12M USD 1 Quarter
Net increase in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsdeposits $16.03M USD 1 Quarter
Net increase in demand, interest bearing and savings deposits NetIncreaseInDemandInterestBearingAndSavingsdeposits $6.71M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-2.35M USD 1 Quarter
Net decrease in time deposits IncreaseDecreaseInTimeDeposits $-466.00K USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-4.15M USD 1 Quarter
Net decrease in securities sold under agreements to repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-7.63M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $35.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $76.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $286.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $7.97M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.93M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $11.12M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $44.75M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $58.06M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $46.69M USD Point-in-time
Cash and Cash Equivalents at Beginning of Year CashAndCashEquivalentsAtCarryingValue $46.94M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $44.75M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $58.06M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $46.69M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $46.94M USD Point-in-time
Interest expense InterestPaidNet $383.00K USD 1 Quarter
Interest expense InterestPaidNet $434.00K USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $127.00K USD Point-in-time
Real estate and vehicles acquired through foreclosure RealEstateAndVehiclesAcquiredThroughForeclosure $189.00K USD Point-in-time
Common stock retired in connection with the exercise of stock options StockRetired $46.00K USD 1 Quarter
Common stock retired in connection with the exercise of stock options StockRetired - USD 1 Quarter
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $90.23M USD Point-in-time
Balance StockholdersEquity $66.93M USD Point-in-time
Balance StockholdersEquity $72.71M USD Point-in-time
Balance StockholdersEquity $84.50M USD Point-in-time
Net income NetIncomeLoss $3.32M USD 1 Quarter
Net income NetIncomeLoss $3.82M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $2.29M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.83M USD 1 Quarter
Exercise of stock options and tax effect StockIssuedDuringPeriodValueStockOptionsExercised $35.00K USD 1 Quarter
Exercise of stock options and tax effect StockIssuedDuringPeriodValueStockOptionsExercised $76.00K USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $78.00K USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $50.00K USD 1 Quarter
Balance StockholdersEquity $90.23M USD Point-in-time
Balance StockholdersEquity $66.93M USD Point-in-time
Balance StockholdersEquity $72.71M USD Point-in-time
Balance StockholdersEquity $84.50M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $3.32M USD 1 Quarter
Net income NetIncomeLoss $3.82M USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $3.25M USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $2.60M USD 1 Quarter
Reclassification adjustments for net (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax - USD 1 Quarter
Reclassification adjustments for net (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax - USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $3.25M USD 1 Quarter
Net unrealized holding gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $2.60M USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $961.00K USD 1 Quarter
Change in net unrealized gain/loss OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $768.00K USD 1 Quarter
Reclassification of net gains (losses) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax - USD 1 Quarter
Reclassification of net gains (losses) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax - USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $768.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $961.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $2.29M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $1.83M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $5.61M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $5.65M USD 1 Quarter

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

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