Plumas Bank

Plumas Bank

Community banking and lending services

Overview

Plumas Bank is a community bank serving businesses and individuals. The company offers deposit accounts, commercial and agricultural lending, mortgages, treasury services, and digital banking tools. It serves local businesses, agricultural operators, households, and community organizations. Its operating model centers on relationship banking delivered through branches, lenders, and online services. Teams work across banking, lending, credit, operations, compliance, technology, and customer service. The organization combines community banking expertise with practical delivery for regional customers.

About Plumas Bank

Simplify's Rating
Why Plumas Bank is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Financial Services

Company Size

N/A

Company Stage

IPO

Headquarters

Quincy, Massachusetts

Founded

1980

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Simplify's Take

What believers are saying

  • Q2 2026 net income reached $9.9 million, up from $6.3 million a year earlier.
  • First-half 2026 net interest income surged 43%, helped by Cornerstone loans and deposits.
  • April 15, 2026 results showed record first-quarter earnings and a $0.33 dividend.

What critics are saying

  • June 30, 2026 nonperforming loans hit $23.5 million, with agriculture driving $12.0 million.
  • Allowance coverage fell to roughly 90% by June 30, 2026, tightening loss protection.
  • A worsening credit cycle could consume earnings and force reserves higher through 2027.

What makes Plumas Bank unique

  • July 1, 2025 Cornerstone integration lifted Plumas to 19 branches across Northern California and Nevada.
  • Plumas Bank’s June 30, 2026 net interest margin reached 5.13%, unusually wide for community banking.
  • Management keeps returning capital: February 2, 2026 authorized a $25 million buyback.

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Stock Price

Company News

StockTitan
Jun 3rd, 2025
Plumas Bancorp and Cornerstone Merger Approved

Cornerstone Community Bancorp and Plumas Bancorp announced that Cornerstone's shareholders approved the merger with Plumas, converting each Cornerstone share into cash and Plumas stock. The merger, expected to complete by early July 2025, has received necessary regulatory approvals, with no need for Plumas shareholder approval. Plumas CEO Andrew J. Ryback highlighted the merger as a key milestone, enhancing services by combining Cornerstone's local expertise with Plumas's technology and solutions.

American Banker
Jan 29th, 2025
Plumas Bancorp strikes deal to acquire peer in California

The Reno, Nevada-based buyer said it would pay $64.6 million in cash and stock for Cornerstone Community Bancorp, and it expects to close the transaction in the second half of the year.

GlobeNewswire
Jan 29th, 2025
Plumas Bancorp To Acquire Cornerstone Community Bancorp

RENO, Nev., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Plumas Bancorp (“Plumas”) (Nasdaq: PLBC) and Cornerstone Community Bancorp (“Cornerstone”) (OTCPK: CRSB) jointly announce the signing of a definitive merger agreement (the “Agreement”) whereby Plumas will acquire Cornerstone in a stock and cash transaction valued at approximately $64.6 million (the “Transaction”) based on the closing price of $47.76 for Plumas shares on January 28, 2025. On a pro forma consolidated basis, the combined company would have approximately $2.3 billion in assets, $2.0 billion in deposits, $1.5 billion in loans, and operate 19 branches throughout Northern California and Western Nevada.Cornerstone, headquartered in Red Bluff, California, is the parent company of Cornerstone Community Bank, a 19-year-old bank with approximately $658 million in assets as of December 31, 2024. Cornerstone Community Bank operates through four branches throughout the Northern California counties of Shasta and Tehama.“We are thrilled to announce our merger agreement with Cornerstone,” said Andrew J. Ryback, President and Chief Executive Officer, Plumas Bancorp. “Our companies share a connection to the people and businesses who have built their livelihoods throughout Northern California

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