Plumas Bancorp reports earnings for year ended Dec. 31, 2024
Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, recapped the events and accomplishments of 2024 saying, “Plumas Bancorp ended 2024 with strong performance and continued loan growth, particularly in SBA loan production. The bank received several prestigious awards, including the Raymond James Community Bankers Cup, and listed on the Russell 2000 index.
“The bank proactively addressed challenges and opportunities by enhancing lending systems, formalizing its treasury management services including through implementation of FedNow Receive, and focusing on low-cost funds and higher-yielding loans, resulting in margin expansion.”
Andrew Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank.Ryback highlighted the successful branch sale-leaseback transaction saying, “Not only did the sale leaseback optimize the bank’s capital structure and offset investment portfolio losses, it also will allow for assessment of the most efficient channels to serve our clients and communities. The increased yield on restructured securities further strengthened the bank’s financial performance.”
“Looking ahead, Plumas Bancorp anticipates improved loan demand and deposit stabilization driven by projected Federal Reserve rate cuts. As we close in on our 45th year of banking, we would like to thank our clients, communities, employees, and investors for their continued support which empowers Plumas Bank to be here. For good,” Ryback concluded.
