Plumas Bancorp Reports First Quarter Results
1. PLBC reports Q1 earnings increase to $7.2 million, up 14.8% year-over-year. 2. Loan portfolio grew to $1.0 billion, net-interest income rose by $1.1 million. 3. Merger with Cornerstone Community Bancorp expected to create $2.3 billion company. 4. Piper Sandler and other firms issued 'Buy' recommendations for PLBC stock. 5. Sustained asset quality improvement; nonperforming loans decreased significantly.