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• It's like a highly localized and community-focused version of a regional bank such as U.S. Bank, serving specific areas in Northern California and Nevada.
• Imagine a local branch of a major bank like Wells Fargo, but operating as an independent entity deeply embedded in its specific rural and semi-rural markets.
• It's the "local hardware store" of banking for its region, providing traditional financial services with a community focus, unlike national "big box" banks such as JPMorgan Chase.

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• Deposit Accounts: Core banking products that allow individuals and businesses to safely store funds in checking, savings, money market, and certificate of deposit accounts.
• Commercial & Real Estate Loans: Financing provided to businesses for working capital, equipment, and the purchase or development of commercial and residential properties.
• Agricultural Loans: Specialized lending services designed to meet the financial needs of farmers and ranchers, including operating lines and equipment financing.
• Consumer Loans: Personal loans, auto loans, and mortgages offered to individuals for various personal financing requirements.
• Treasury Management Services: A suite of business banking tools including ACH services, wire transfers, and positive pay, designed to optimize cash flow and financial operations for businesses.
• Wealth Management: Investment management and financial planning advisory services offered through a subsidiary to help clients achieve their long-term financial goals.

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• Retail (Individual) Customers: This category includes individuals and families seeking personal banking services such as checking accounts, savings accounts, certificates of deposit (CDs), personal loans, residential mortgages, home equity lines of credit, and wealth management services.
• Commercial & Small Business Customers: This encompasses a wide array of local and regional businesses, ranging from sole proprietorships to medium-sized corporations. These customers require business checking and savings accounts, commercial real estate loans, equipment financing, lines of credit, Small Business Administration (SBA) loans, and treasury management services.
• Real Estate Investors & Developers: This category includes individuals and entities engaged in acquiring, developing, or managing commercial and residential investment properties. They typically utilize specialized financial products like construction loans, commercial mortgages, and other real estate-specific financing solutions.

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• Fiserv, Inc. (FISV)
• Visa Inc. (V)
• Mastercard Incorporated (MA)

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Andrew J. Ryback, President and Chief Executive Officer

Andrew J. Ryback has served as the President and Chief Executive Officer of Plumas Bancorp and Plumas Bank since 2011. He previously held the roles of interim President and Chief Executive Officer from March 2010 to November 2011, and prior to that, Executive Vice President and Chief Financial Officer from 2005 to 2011. Mr. Ryback joined the Bank in July 2001. He is a Certified Public Accountant and a graduate of Pacific Coast Banking School. He earned his Bachelor of Science degree in Business Administration from California State University, Northridge. Mr. Ryback is actively involved in community organizations, including serving as past president of the Rotary Club of Quincy and as an assistant governor for Rotary District 5190. He also serves on the Board of Directors of Plumas District Hospital and as Commissioner and Treasurer for the Quincy Fire Protection District.

Richard L. Belstock, Executive Vice President and Chief Financial Officer

Richard L. Belstock assumed the role of Executive Vice President and Chief Financial Officer of Plumas Bank and Plumas Bancorp on July 18, 2012. He joined Plumas Bank in 2006 as Vice President and Controller. Mr. Belstock brings over 30 years of experience in financial accounting and regulatory reporting, including 10 years as controller and chief accounting officer for Sierra West Bancorp in Truckee. He holds a Bachelor of Arts degree in Mathematics from the University of Colorado, where he was a Phi Beta Kappa graduate, and a Master of Accountancy degree from the University of Denver. Mr. Belstock has been a licensed Certified Public Accountant since 1980.

Aaron M. Boigon, Executive Vice President and Chief Information Officer

Aaron M. Boigon became the Executive Vice President, Chief Information Officer for Plumas Bank on April 1, 2018. He started with Plumas Bank in 2013 as Vice President, Information Technology Manager, and was promoted to Senior Vice President, Information Technology Manager in 2015. Mr. Boigon has more than 25 years of experience in technology and business management.

Jeffrey T. Moore, Executive Vice President and Chief Credit Officer

Jeffrey T. Moore took on the position of Executive Vice President and Chief Credit Officer for Plumas Bank as of March 1, 2019. He initially joined Plumas Bank in January 2018 as Senior Vice President and Credit Administrator. Mr. Moore is responsible for the overall management of the bank's Credit Administration Department.

Jack Prescott, Executive Vice President and Chief Banking Officer

Jack Prescott serves as the Executive Vice President and Chief Banking Officer for Plumas Bank as of July 21, 2025. He joined Plumas Bank in 2023 as Senior Vice President and Commercial Lending Manager and possesses over 35 years of commercial banking experience with regional and national banks. Mr. Prescott has been actively involved in numerous community organizations and initiatives, including serving as an executive board member for the Reno/Sparks Chamber of Commerce, EDAWN, Education Collaborative, Partners in Education, and Pathways to Aviation. He currently serves on the New West CDFI board of directors.

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The key risks to Plumas Bancorp's business operations include:

1. Interest Rate Risk and Economic Conditions: Plumas Bancorp is significantly exposed to changes in interest rates and broader economic conditions. Fluctuations in the interest rate environment, including the policies of the Federal Open Market Committee, can impact the volatility of rate-sensitive assets and liabilities, affecting the bank's net interest margin and overall profitability. Furthermore, a decline in the health of the economy, whether nationally or regionally, could reduce the demand for loans, impair borrowers' ability to repay existing loans, and diminish the value of real estate collateral that secures a substantial portion of the bank's loan portfolio.

2. Credit Risk and Loan Portfolio Concentration: The company faces credit risk, which is the potential for losses arising from borrowers failing to meet their repayment obligations. This risk is exacerbated by concentrations within its loan portfolio, particularly in loans secured by real estate. Any significant downturn in the real estate market or specific industries within their geographic operating areas could lead to credit quality deterioration and an increase in the provision for credit losses.

3. Cybersecurity Threats and Operational Risks: Plumas Bancorp is subject to ongoing cybersecurity threats, which include unauthorized access, computer viruses, phishing schemes, and data breaches. The costs associated with defending against these threats, complying with evolving cybersecurity legislation, and responding to potential incidents represent a significant risk. Additionally, the company faces operational interruptions, such as failures in data processing systems and fraud, which could disrupt services and incur substantial costs.

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The increasing adoption and sophistication of digital-only banks (neobanks) and financial technology (fintech) platforms represents a clear emerging threat. These competitors offer streamlined digital experiences, often with lower fees and advanced mobile features, which appeal to a growing segment of consumers across all demographics. While Plumas Bancorp emphasizes community relationships and personalized service, a failure to significantly invest in and effectively offer competitive digital banking solutions could lead to the erosion of its customer base and market share as customer expectations for digital convenience continue to rise. This mirrors how digital platforms disrupted traditional physical businesses by offering a superior, more convenient user experience.

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Plumas Bancorp (PLBC) provides a range of banking products and services primarily to small and middle-market businesses and individuals. Their main offerings include various deposit products such as checking, savings, money market, and retirement accounts, alongside a diverse loan portfolio encompassing commercial real estate, commercial and industrial, consumer, home equity, agricultural, residential real estate, construction, and government-guaranteed loans.

The company primarily operates in Northeastern California and Northwestern Nevada, with a strong focus on community banking in Northern California and Western Nevada. After a recent acquisition, Plumas Bank expanded its footprint to 19 branches across Northern California and Western Nevada.

Based on available data for the state of California, the addressable markets for Plumas Bancorp's main products and services can be estimated as follows:

• Commercial Banking Market: The market size for the Commercial Banking industry in California is projected to be $125.7 billion in 2025. This market encompasses receiving deposits and issuing various types of commercial and industrial loans.
• Savings Institutions & Other Depository Credit Intermediation Market: The market size for the Savings Institutions & Other Depository Credit Intermediation industry in California is estimated at $496.3 million in 2025. This category broadly covers deposit services and other credit intermediation activities typical of community banks.

The aforementioned market sizes are for the entire state of California. Specific market sizes for Northwestern Nevada or for niche services such as treasury management, merchant services, financial planning, investment management, and trust services within Plumas Bancorp's precise operating regions were not separately identifiable. Therefore, a comprehensive market size for all of Plumas Bancorp's services across its entire operational footprint is not available, and the above figures represent the addressable market within California for their broader banking and lending activities.

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Plumas Bancorp (PLBC) is expected to drive future revenue growth over the next two to three years through several key initiatives:

1. Strategic Acquisitions and Market Expansion: A primary driver of revenue growth is the completion of strategic acquisitions, such as the Cornerstone Community Bank acquisition in July 2025. This acquisition significantly increased Plumas Bancorp's total assets by approximately $658 million, expanding its loan and deposit base and adding four new branches, thereby enhancing its market presence and operational scale. The company has also pursued a measured expansion strategy, extending its footprint across California and Nevada through new branches and past acquisitions.
2. Organic Growth in Loan and Deposit Base: Plumas Bancorp is expected to continue growing its core banking activities. This includes an increase in interest and fees on loans, driven by a rise in the average balance of loans. The company also saw a significant increase in total deposits, indicating healthy organic growth in its customer base and banking operations. Analysts forecast Plumas Bancorp to grow revenue by 13.4% to 14.2% per annum.
3. Increased Small Business Administration (SBA) Loan Activity: Plumas Bank, a subsidiary of Plumas Bancorp, is a Preferred SBA Lender and plans to increase its staff capacity to support higher volumes of SBA loans. The bank anticipates increased SBA loan activity throughout 2025 and beyond, leveraging its expertise and service-first approach in this specialized lending area to generate revenue.
4. Net Interest Margin (NIM) Management and Expansion: The company has demonstrated its ability to increase the average yield on loans, contributing to overall revenue growth and improved net interest margin performance. Furthermore, with anticipated federal interest rate cuts, Plumas Bancorp is positioned to benefit from potentially lower funding costs, which could further boost its bank margins.

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• Plumas Bancorp issued 1,003,718 new shares of common stock as part of the acquisition of Cornerstone Community Bancorp, completed on July 1, 2025.
• The common stock issued in the Cornerstone acquisition was valued at approximately $45.177 million.
• Shares outstanding increased from 5,871,523 at December 31, 2023, to 6,955,514 as of November 3, 2025, largely due to the Cornerstone acquisition.

• Plumas Bancorp completed the acquisition of Cornerstone Community Bancorp on July 1, 2025.
• The total consideration for the Cornerstone acquisition was approximately $61.3 million.
• This acquisition significantly boosted Plumas Bancorp's loan portfolio by almost 50% and increased deposits by 39%.