Plumas Bancorp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company announced a third quarter 2009 net loss of $1.14 million or $0.27 per diluted share versus earnings of $390,000, or $0.08 per diluted share, during the third quarter of 2008. For the quarter ended September 30, 2009 net interest income before provision for loan losses totaled $4.7 million, a decline of $493,000 or 9% from the $5.2 million earned during the third quarter of 2008. Loss before income taxes was $2.0 million against income before income taxes of $560,000 for the same period a year ago. Net loss available to common shareholders of $1.13 million against net income available to common shareholders of $390,000 for the same period a year ago. Annualized negative return on average equity of 16.6% and annualized negative return on average assets of 0.92% against annualized return on average equity of 4.1% and annualized negative return on average assets of 0.34% for the same period a year ago. For the nine months ended September 30, 2009 the company reported a net loss of $5.65 million or $1.28 per diluted share, as compared to earnings of $1.66 million, or $0.34 per diluted share, during the same period in the prior year. The decline in earnings for both the quarter and the nine month period are primarily related to an increase in the provision for loans losses, provision for other real estate owned ('OREO') and higher FDIC insurance assessments. Book value per common share decreased to $6.30 at September 30, 2009 from $7.73 at September 30, 2008. For the nine months ended September 30, 2009 net interest income before provision for loan losses totaled $14.4 million, a decline of $946,000 from the $15.3 million earned during the same period in 2008. Loss before income taxes was $9.9 million against income before income taxes of $2.5 million for the same period a year ago. Net loss available to common shareholders of $6.1 million against net income available to common shareholders of $1.7 million for the same period a year ago. Annualized negative return on average equity of 23.9% and annualized negative return on average assets of 1.58% against annualized return on average equity of 5.9% and annualized negative return on average assets of 0.50% for the same period a year ago.

Plumas Bancorp announced that it has revised earnings results for the second quarter and six months ended June 30, 2009. This revision arises from additional provisions to the company's allowance for loan losses due to a recent reappraisal of real estate collateral for a previously identified impaired loan in which Plumas Bank is a participant. The company has recorded an additional provision for loan losses of $2.0 million, offset in part by a tax benefit of $820,000, and revised the financial statements included with the press release of July 24, 2009. For the quarter, the company reported revised net loss of $3.2 million and net loss available to common shareholders of $3.40 million or $0.71 per basic and diluted share on interest income of $5.89 million compared to net income and net income available to common shareholders of $0.69 million or $0.14 per diluted share for the same period a year ago. Net interest income before provision for loan losses was $4.99 million compared to $5.12 million for the same period a year ago. Net interest loss after provision for loan losses was $0.85 million compared to net interest income after provision for loan losses of $4.65 million for the same period a year ago. Loss before income taxes was $5.57 million compared to income before income tax of $1.06 million for the same period a year ago. The company reported a negative annualized return on average equity of 39.2% compared to return on average equity of 7.5% for the same period a year ago. The company reported a negative annualized return on average assets of 2.71% compared to return on average assets of 0.63% for the same period a year ago. For the six months, the company reported revised net loss of $4.51 million and net loss available to common shareholders of $4.79 million or $1.00 per basic and diluted share on interest income of $11.45 million compared to net income and net income available to common shareholders of $1.27 million or $0.26 per diluted share for the same period a year ago. Net interest income before provision for loan losses was $9.64 million compared to $10.11 million for the same period a year ago. Net interest income after provision for loan losses was $0.91 million compared to $9.12 million for the same period a year ago. Loss before income taxes was $7.88 million compared to income before income tax of $1.92 million for the same period a year ago. Book value per share was $6.54 compared to $7.63 for the same period a year ago. The company reported a negative annualized return on average equity of 27.4% compared to return on average equity of 6.9% for the same period a year ago. The company reported a negative annualized return on average assets of 1.94% compared to return on average assets of 0.57% for the same period a year ago.

Plumas Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $2.05 million or $0.47 per diluted share, representing a decline of $2.75 million from earnings of $0.697 million or $0.14 per diluted share during the second quarter of 2008. Net interest income before provision for loan losses totaled $5.0 million, a decline of $126,000 or 2% from the $5.1 million earned during the second quarter of 2008. Net interest income after provision for loan losses totaled $1.15 million compared to $4.65 million earned during the second quarter of 2008. The company reported loss before income taxes of $3.57 million and net loss available to common shareholders of $2.22 million on interest income of $5.89 million compared to income before income taxes of $1.06 million and net income available to common shareholders of $0.69 million on interest income of $6.45 million for the same period a year ago. Annualized return on average equity was a negative of 25.6% compared to 7.5% reported a year ago. Annualized return on average assets was a negative of 1.72% compared to 0.63% reported a year ago. For the six months, the company reported a net loss of $3.33 million or $0.76 per diluted share, representing a decline of $4.6 million from earnings of $1.27 million or $0.26 per diluted share during the same period in the prior year. The decline in earnings for both the quarter and the six month period are primarily related to increased loan loss and other real estate owned provisions and significant increases in FDIC insurance assessed industry-wide. Net interest income before provision for loan losses totaled $9.7 million, a decline of $453,000 from the $10.1 million earned during the same period in 2008. Net interest income after provision for loan losses totaled $2.91 million compared to $9.12 million earned during the same period in 2008. The company reported loss before income taxes of $5.88 million and net loss available to common shareholders of $3.61 million on interest income of $11.45 million compared to income before income taxes of $1.92 million and net income available to common shareholders of $1.27 million on interest income of $13.21 million for the same period a year ago. Book value per common share decreased to $6.79 at June 30, 2009 from $7.63 at June 30, 2008. Annualized return on average equity was a negative of 20.6% compared to 6.9% reported a year ago. Annualized return on average assets was a negative of 1.43% compared to 0.57% reported a year ago.