Plumas Bancorp reported net income of $6.3 million, or $1.07 per share, for the second quarter of 2025, a decrease from $6.8 million, or $1.15 per share, in Q2 2024. Diluted earnings per share also declined to $1.05 from $1.14 in the prior year period. Revenue for the quarter was $19.7 million, flat compared to Q2 2024.
Net interest income decreased by $222 thousand to $18.2 million during the quarter. Non-interest expense increased by $616 thousand to $11.0 million, with $481 thousand of this increase attributed to costs associated with the acquisition of Cornerstone Community Bancorp.
Asset quality metrics showed deterioration, with nonperforming assets rising to $13.7 million, representing 0.84% of total assets, up from $9.1 million, or 0.56%, in Q2 2024. Nonperforming loans increased to $13.6 million, or 1.34% of total loans, from $9.0 million, or 0.90%, in Q2 2024.
The increase in nonperforming loans is primarily linked to one agricultural loan relationship comprising 15 loans totaling $9.9 million, which were placed on nonaccrual status during the quarter. Specific loan loss reserves of $931 thousand were applied against these loans, impacting the overall financial results.
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