"Plumas up $1.1 million from same period in 2014" Plumas Bancorp, with a banking branch opening later this year in Reno, reported record net income of $1.4 million in the April-June period, the highest ever and up from $1.1 million in the same period in 2014.
Plumas, based in Quincy, Calif., also reported a 24 percent year-over-year rise in net income for the six months ending June 30, to $2.6 million, also a record for the period.
Among other key earnings indicators were a 7 percent rise in total assets to $558 million, and total deposits increasing to $493 million.
In the news release, Plumas President/CEO Andrew Ryback said renovations are under way at the site of the Reno Plumas Bank office at 5050 Meadowood Circle in south Reno scheduled to open in the fourth quarter.