Plumas Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
For the year, interest income was $22,615,000 against $21,147,000 a year ago. Net interest income before provision for loan losses was $21,411,000 against $19,454,000 a year ago. Net interest income after provision for loan losses was $20,311,000 against $18,354,000 a year ago. Income before income taxes was $9,535,000 against $7,824,000 a year ago. Net income available to common shareholders was $5,818,000 or $1.15 per diluted share compared to $4,738,000 or $0.95 per diluted share for the year ended December 31, 2014. Book value per share increased by $1.18, or 16% to $8.79 at December 31, 2015, up from $7.61 at December 31, 2014. Return on average equity increased to 14.6% from 14.0%. Return on average assets increased to 1.02% from 0.89%.