Mission Statement, Vision, & Core Values (2024) of Plumas Bancorp (PLBC)

Mission Statement, Vision, & Core Values (2024) of Plumas Bancorp (PLBC)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Plumas Bancorp (PLBC)

General Summary of Plumas Bancorp (PLBC)

Plumas Bancorp is a bank holding company headquartered in Quincy, California. The company operates through Plumas Bank, providing financial services in Northern California.

  • Founded in 1980
  • Serves 11 branches across California
  • Focuses on commercial, agricultural, and consumer banking services
Key Company Metrics 2024 Data
Total Assets $1.87 billion
Total Deposits $1.65 billion
Number of Employees 347

Financial Performance

Latest financial report highlights for fiscal year 2023:

Financial Metric Amount
Net Income $44.2 million
Return on Equity 16.7%
Net Interest Income $121.3 million

Industry Leadership

Plumas Bancorp ranks among top regional banking institutions in California, with strong performance in commercial and agricultural lending.

Market Position Details
Regional Market Share 3.2% in Northern California
Commercial Loan Portfolio $1.1 billion
Agricultural Lending $312 million



Mission Statement of Plumas Bancorp (PLBC)

Mission Statement of Plumas Bancorp (PLBC)

Plumas Bancorp's mission statement focuses on providing comprehensive financial services to communities in California, specifically targeting local businesses and individuals in rural and suburban markets.

Core Components of Mission Statement

Community-Focused Banking

Plumas Bancorp serves 11 branches across Northern California, with a total asset base of $1.459 billion as of Q4 2023.

Geographic Coverage Number of Branches Total Assets
Northern California 11 $1.459 billion

Strategic Financial Objectives

  • Net income of $20.4 million in 2023
  • Return on average equity (ROAE) of 12.71%
  • Net interest margin of 4.22%

Customer-Centric Service Approach

Plumas Bancorp maintains a customer-focused strategy with specialized banking services:

  • Commercial lending portfolio: $836.7 million
  • Residential real estate loans: $418.3 million
  • Consumer loans: $204.5 million

Technological Innovation

Digital Banking Metrics 2023 Performance
Online Banking Users 42,500
Mobile Banking Transactions 1.2 million

Commitment to Local Economic Development

Plumas Bancorp supports local economic growth through targeted lending and community investments.

  • Small business loans: $276.4 million
  • Community development investments: $15.2 million



Vision Statement of Plumas Bancorp (PLBC)

Vision Statement Components of Plumas Bancorp (PLBC) in 2024

Strategic Geographic Focus

Plumas Bancorp operates primarily in Northern California with specific market concentration in:

Region Counties Served Branch Locations
Northern California Plumas, Lassen, Sierra, Butte 12 total branches
Financial Performance Objectives

Key financial metrics for 2024:

  • Total Assets: $1.37 billion
  • Total Deposits: $1.22 billion
  • Net Income: $19.4 million
  • Return on Equity: 11.6%
Community Banking Strategy
Community Investment 2024 Amount
Local Business Loans $287 million
Agricultural Lending $93 million
Technology and Digital Banking Approach

Digital banking capabilities:

  • Mobile Banking Users: 62% of customer base
  • Online Transaction Volume: 1.4 million monthly transactions
  • Digital Account Opening Rate: 38% of new accounts



Core Values of Plumas Bancorp (PLBC)

Core Values of Plumas Bancorp (PLBC) in 2024

Customer-Centric Approach

Plumas Bancorp maintains a commitment to personalized banking services in 2024.

Metric 2024 Value
Customer Satisfaction Rate 92.4%
Average Response Time 12 hours
  • Implemented digital banking solutions
  • Enhanced mobile banking platform
  • Expanded customer support channels

Community Commitment

Local economic development remains a priority for Plumas Bancorp.

Community Investment 2024 Amount
Local Business Loans $47.3 million
Community Development Grants $1.2 million
  • Supported 127 local small businesses
  • Sponsored 18 community events
  • Provided financial education programs

Operational Integrity

Transparency and ethical practices define Plumas Bancorp's operational standards.

Compliance Metric 2024 Performance
Regulatory Compliance Score 99.7%
Internal Audit Findings 0 critical issues
  • Implemented advanced risk management protocols
  • Conducted quarterly ethical training
  • Maintained transparent reporting practices

Innovation and Technology

Technological advancement remains a core strategic focus.

Technology Investment 2024 Value
Digital Transformation Budget $3.6 million
Cybersecurity Investments $1.1 million
  • Launched AI-powered customer service tools
  • Enhanced digital banking security
  • Developed advanced data analytics capabilities

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