community reinvestment act public file - plumas bank
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Community Reinvestment Act Public File
The Community Reinvestment Act Overview
Under the Federal Community Reinvestment Act (CRA), the Federal Deposit Insurance Corporation (FDIC) evaluates Plumas Bank’s record of helping to meet the credit needs of the communities we serve consistent with safe and sound banking practices. The FDIC takes the Bank’s record into consideration when evaluating applications to add, relocate, or close branches and in application for bank mergers or acquisitions.
Under the CRA, the following information must be maintained in a public file, current as of April 1 of each year:
• All public comments received for the current year and the prior two calendar years • A copy of the Public Evaluation of the bank’s most recent CRA Performance Evaluation • A list of branch locations and branch servicing information including hours of operation • Branches opened or closed by the bank during the prior two calendar years • A description of Products and Services available through Plumas Bank • The Plumas Bank Assessment Area which represents the communities we serve
This information is detailed on maps and a list of individual census tracts.
Plumas Bank is pleased to provide this information for public inspection under the Community Reinvestment Act.
Any comments or questions about this portion of the Plumas Bank website or about Plumas Bank CRA performance may be addressed to:
Community Reinvestment Act Officer PO Box 210 Quincy, CA 95971
Table of Contents
2018 CRA Performance Evaluation………………………………………………………………………………….….………..3
Institution Rating……………………………………………………………………………………………………………..5
State of California……………………………….………………………………………………………………………….23
Non-MSA Assessment Area Full Scope Evaluation………………………………………………………….29
Redding MSA Assessment Area Limited-Scope Evaluation……...…………………….……….….….39
Sacramento MSA Assessment Area Limited Scope Evaluation……….……………………….……..47
State of Nevada…………………………………………………………………………………………….……………….53
Appendix…………………………………………………………………………………..…………………….……….…...64
Glossary…………………………………………………………………………………………………………….…………..65
Map of Modoc County……………………………………………………………………………………………………..…………71
Map of Nevada, Sierra and Placer Counties……………………………………………………………….….……………72
Map of Lassen, Shasta and Plumas Counties……………………………………………………………….…….……….73
Map of Carson City…………………………………………………………………………………………………….…...…….…..74
Map of Washoe County……………………………………………………………………………………………….……….……75
List of the geographies contained within our assessment area…………………………………….….………..76
Branches opened, closed or relocated during the current and past two years………………..…………81
Branch and ATM Locations and hours……………………………………………………………….……………..………..82
Administrative Locations……………………………………………………………………….…………………..………………83
List of Products and Services………………………………………………………………….………….…………..…………..84
Description of Fees and Services…………………………………………………………….………….………..…………….86
Loan to Deposit Ratio………………………………………………………………………………..…….…………..…………….88
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PUBLIC DISCLOSURE
April 13, 2018
COMMUNITY REINVESTMENT ACT
PERFORMANCE EVALUATION
Plumas Bank
Certificate Number: 23275
336 West Main Street
Quincy, California 95971
Federal Deposit Insurance Corporation
Division of Depositor and Consumer Protection
San Francisco Regional Office
25 Jessie Street at Ecker Square, Suite 2300
San Francisco, California 94105
This document is an evaluation of this institution’s record of meeting the credit needs of its entire
community, including low- and moderate-income neighborhoods, consistent with safe and sound
operation of the institution. This evaluation is not, nor should it be construed as, an assessment
of the financial condition of this institution. The rating assigned to this institution does not
represent an analysis, conclusion, or opinion of the federal financial supervisory agency
concerning the safety and soundness of this financial institution.
TABLE OF CONTENTS
Institution Rating
Overall Rating ......................................................................................................................1
Institution
Scope of Evaluation .............................................................................................................2
Description of Institution .....................................................................................................4
Description of Assessment Area ..........................................................................................7
Conclusions on Performance Criteria ................................................................................10
Discriminatory or Other Illegal Credit Practices Review ..................................................19
State of California ..........................................................................................................................20
Non-MSA Assessment Area Full-Scope Evaluation .....................................................................25
Redding MSA Assessment Area Limited-Scope Evaluation.........................................................36
Sacramento MSA Assessment Area Limited-Scope Evaluation ...................................................43
State of Nevada ..............................................................................................................................50
Reno MSA Assessment Area Full-Scope Evaluation ....................................................................50
Appendix ........................................................................................................................................60
List of Assessment Areas and Type of Evaluation ........................................................................60
Summary of State Ratings .............................................................................................................60
Glossary .........................................................................................................................................61
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INSTITUTION RATING
INSTITUTION'S COMMUNITY REINVESTMENT ACT (CRA) RATING: Plumas Bank
(PB) is rated Satisfactory. An institution in this group has a satisfactory record of helping to
meet the credit and community development (CD) needs of its assessment areas (AAs), including
low- and moderate-income (LMI) neighborhoods, in a manner consistent with its resources and
capabilities.
PB’s CRA performance under the Lending Test and CD Test supports the overall rating. No
evidence of discriminatory or other illegal credit practices inconsistent with helping to meet
community credit needs was identified. The following points summarize the bank’s Lending
Test and CD Test performance:
The Lending Test is rated Satisfactory.
The loan-to-deposit (LTD) ratio is more than reasonable given the institution’s size, financial
condition, and combined AA (CAA) credit needs.
A substantial majority of small business loans are in the institution’s CAA.
The distribution of borrowers reflects reasonable penetration of small business loans among
businesses of different revenue sizes.
The geographic distribution of small business loans reflects reasonable dispersion throughout
the CAA.
The institution did not receive any CRA-related complaints since the previous CRA
Evaluation; therefore, this factor did not affect the Lending Test rating.
The Community Development Test is rated Outstanding.
The institution’s CD performance demonstrates excellent responsiveness to CD needs in its
CAA through CD loans, qualified investments and donations, and CD services, as
appropriate, considering the institution’s capacity and the need and availability of such
opportunities for CD in the institution’s CAA.
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SCOPE OF EVALUATION
General Information
This evaluation covers the period from the prior evaluation dated May 26, 2015, to the current
evaluation dated April 13, 2018. Examiners used the Interagency Intermediate Small Institution
Examination Procedures to evaluated PB’s CRA performance. These procedures include two
tests: the Lending Test and the CD Test.
The Lending Test considered the institution’s performance according to the following criteria:
Net LTD ratio
AA concentration
Geographic distribution
Borrower profile
Response to CRA-related complaints
The CD Test considered the following factors:
Number and dollar amount of CD loans, qualified investments, and CD services
The responsiveness of such activities to the CD needs of the bank’s AAs
Banks must achieve at least a “Satisfactory” rating under each test to obtain an overall
Satisfactory rating. This evaluation does not include any lending activity performed by affiliates.
Loan Products Reviewed
The bank’s primary focus is commercial lending based on PB’s business strategy. A majority of
PB’s loan products are commercial and commercial real estate loans. As of the December 31,
2017 Consolidated Reports of Condition and Income (Call Report), commercial and commercial
real estate loans represented 51.9 percent of total loans; 1 to 4 family residential loans
represented 12.1 percent; agriculture loan represented 12.1 percent; and consumer loans
represented 13.3 percent of total loans.
The lending test exclusively includes small business loans, which are a portion of the
commercial and commercial real estate loans originated. Small business lending has increased
since the previous CRA Performance Evaluation (PE). At the previous evaluation, PB originated
129 small business loans totaling $27.8 million in 2013, and 141 small business loans totaling
$31.6 million in 2014. At the current evaluation, PB originated 144 small business loans totaling
$23.6 million in 2016, and 194 small business loans totaling $32.3 million in 2017. Of the
universe of small business loans shown above, the bank originated 128 small business loans
totaling $19.1 million in 2016, and 178 small business loans totaling $28.8 million in 2017
within its CAA as detailed in the following table:
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Loans by Assessment Area
2016 2017 Total
Assessment Area # $(000) # $(000) # $(000)
Small Business Loans
Non-MSA 60 7,245 77 9,234 137 16,479
Redding MSA 33 5,272 44 6,251 77 11,523
Sacramento MSA 17 1,826 25 5,117 42 6,943
Reno MSA 18 4,794 32 8,179 50 12,973
Total 128 19,137 178 28,781 306 47,918 Source: Bank Records
Examiners validated the accuracy of the small business data and used the entire universe of loan
originations for 2016 and 2017. Examiners compared the bank’s small business lending
performance in 2016 to the 2016 business demographics as reported by D&B under the 2010
U.S. Census data. In 2017, examiners compared the bank’s small business lending performance
to the 2017 business demographics as reported by D&B under the 2015 American Community
Survey (ACS) Data.
The D&B business survey data regularly indicates that a majority of businesses in a given area
are small businesses. Moreover, the D&B data is only used as an indicator of business
demographics in the AAs and is considered as a benchmark for performance under the
Geographic Distribution and the Borrower Profile criteria of the lending test, and therefore,
should not be construed as an absolute indicator of loan demand. Since PB is not a CRA
reporter, the 2016 aggregate data is referenced in the PE only to understand loan demand and
competition in the bank’s AAs and was not used as a direct comparison for the Geographic
Distribution and the Borrower Profile analysis in this CRA PE. The 2017 aggregate small
business data was not available as of the date of this PE.
Although 1 to 4 family residential mortgage loans represent 12.1 percent of the loan portfolio as
of December 31, 2017, a substantial majority represents home equity lines of credit (HELOC).
Of the 135 residential mortgage loans (1 to 4 family) originated in 2017, 129 were HELOC.
Therefore, mortgage loans were not included for analysis in this PE.
There were 79 agriculture loans totaling $14.5 million in 2017, and the agriculture loans
represented 12.1 percent of the loan portfolio. However, examiners excluded small farm loans
because the number of those loans originated in the AA, were not significant enough to make
meaningful conclusions.
Consumer loans in 2017 included 1,108 originations totaling $30.2 million. Indirect auto lending
represented 886 originations totaling $28.3 million. The bank does not collect data to analyze
these consumer loans for CRA purposes, so they were excluded by examiners.
For the CD Test, PB provided data on CD loans, qualified investments, and CD services since
the previous CRA Evaluation. The evaluation of CD investments only includes donations since
PB did not specify other investments that benefitted the bank’s CAA.
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Based primarily on PB’s lending and CD activities, full-scope examination procedures were used
to evaluate the bank’s performance in the Non-Metropolitan (Non-MSA) AA part of the state
California. Full-scope examination procedures were also used in the Reno MSA AA as the bank
established a branch shortly after the prior evaluation and the branch’s loan originations
increased 77.8 percent from 2016 to 2017. Limited-scope examination procedures were used to
evaluate performance in the Redding MSA AA and the Sacramento MSA AA. Given that the
majority of the institution’s operations and activity during the evaluation period occurred in the
Non-MSA AA, PB’s performance in the state of California (specifically in the Non-MSA AA)
carries the most weight in assessing the bank’s overall performance.
DESCRIPTION OF INSTITUTION
Background
PB was established in 1980 as an independent, state-chartered community bank headquartered in
Quincy, California. Quincy is mountain community, located in Plumas County, in northeastern
California, which is about 150 miles northeast of Sacramento and about 80 miles west of Reno,
Nevada. PB is a wholly owned subsidiary of Plumas Bancorp, a single, bank holding company.
Shares in the holding company are publicly traded on the over-the-counter market under the
stock symbol PLBC. PB reported total assets of $744.8 million, total loans of $488.9 million,
and total deposits of $663.0 million, as of the December 31, 2017 Call Report.
The figures noted above reflect significant growth since the bank’s previous FDIC CRA PE,
dated May 26, 2015. Financial information included in the 2015 evaluation was sourced from
the March 31, 2015 Call Report, in which PB reported total assets of $553.3 million, total loans
of $384.9 million, and total deposits of $497.6 million. This growth occurred, in part, from the
opening of a branch in Reno, Nevada and the acquisition of a branch in Redding, California. PB
has also grown deposits from Bank of America National Association (BofA) branch closings in
the following Non-MSA counties: Plumas, Lassen, Modoc, Sierra, and Nevada. PB has no
lending affiliates, and all lending activity included in this evaluation was provided directly by
PB.
The institution received a “Satisfactory” rating at its previous FDIC CRA PE dated May 26,
2015, during which PB was evaluated using Intermediate Small Institution Procedures.
Operations
The bank currently operates a network of 12 full-service branches, each with an automated teller
machine (ATM), which is either a drive-up or a walk-up ATM. Based on the 2015 ACS
demographics, 3 of the 12 branch offices are located in moderate-income census tracts (CTs).
Additionally, 5 of the 12 branches are located in middle-income distressed or underserved
nonmetropolitan CTs. PB opened one branch in the Reno MSA on December 15, 2015, in a
moderate-income CT. The bank also acquired a branch in the Redding MSA on July 31, 2015, in
a middle-income CT. At the same time, PB closed a branch in the Redding MSA which is in a
middle-income CT.
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The following two tables illustrate the distribution of PB’s branches and CTs by income level
among its respective AAs. The 2016 table used the 2010 U.S. Census Data and the 2017 table
used the 2015 ACS Census Data.
2016 Distribution of Branches by Assessment Area & Census Tract Income Category
Assessment
Area
Total
Branch
Distribution
Low-Income
CTs
Moderate-
Income CTs
Middle-Income
CTs
Upper-Income
and **NA CT’s
# % of
# #
% of Row
Total #
% of Row
Total #
% of Row
Total #
% of Row
Total
Non-MSA 7 58.3 0 0.0 3 7.3 14 17.7 9 13.9
Redding MSA 2 16.7 0 0.0 12 29.3 24 30.4 12 18.5
Sacramento MSA 2 16.7 0 0.0 2 4.9 6 7.6 2 3.1
Reno MSA 1 8.3 10 100.0 24 58.5 35 44.3 42 64.6
Total 12 100.0 10 100.0 41 100.0 79 100.0 65 100.0
Source: Bank Records and the 2010 U.S. Census Data. Percentages may not add up to 100.0 percent due to rounding
**Reno MSA was the only AA with NA CTs (5), which are included with the Upper-Income CTs
2017 Distribution of Branches by Assessment Area & Census Tract Income Category
Assessment
Area
Total
Branch
Distribution
Low-Income
CTs
Moderate-
Income CTs
Middle-Income
CTs
Upper-Income
and **NA CT’s
# % of
# #
% of Row
Total #
% of Row
Total #
% of Row
Total #
% of Row
Total
Non-MSA 7 58.3 0 0.0 3 9.1 14 16.5 9 13.2
Redding MSA 2 16.7 0 0.0 9 27.3 26 30.6 13 19.1
Sacramento MSA 2 16.7 0 0.0 1 3.0 4 4.7 5 7.4
Reno MSA 1 8.3 10 100.0 20 60.6 41 48.2 41 60,3
Total 12 100.0 10 100.0 33 100.0 85 100.0 68 100.0
Source: Bank Records and the 2015 ACS Census Data. Percentages may not add up to 100.0 percent due to rounding
**Reno MSA was the only AA with NA CTs (7), which are included with the Upper-Income CTs
PB also operates four stand-alone, deposit-taking ATMs that are considered remote service
facilities. These ATMs are located in the Non-MSA counties of Modoc, Sierra, Plumas, and
Lassen. Two of the four ATMs are located in distressed and/or underserved middle-income CTs.
Moreover, PB generates Small Business Administration (SBA), agriculture, and commercial
loans outside its AAs via Loan Production Offices located in Chico and Auburn, California and
Klamath Falls, Oregon.
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The bank’s primary business is servicing the banking needs of individuals and businesses within
its CAA. PB’s principal retail lending services include consumer, automobile and HELOC
loans. The bank’s principal commercial lending services include term real estate and
commercial and industrial loans. In addition, PB provides term agriculture loans and operating
lines of credit. On a limited basis, PB also provides land development and construction loans.
PB is a SBA “Preferred Lender” offering SBA 7(a) and 504 loans. The bank sells all SBA 7(a)
loans to the secondary market, thereby releasing funds to reinvest in additional small business
loans within the communities it serves.
The hours of operation and availability of products and services are tailored to the convenience
and needs of bank customers. PB offers a full array of FDIC insured deposit and savings
products and non-FDIC insured investment brokerage products/services. Alternative delivery
systems of products and services include 24-hour Internet banking, which is accessible through
the bank’s web site at www.plumasbank.com, and includes services such as bill pay, mobile
banking, person-to-person transfer, external funds transfer, 24-hour telephone banking services,
and night depository.
Ability and Capacity
As noted previously, the December 31, 2017 Call Report figures showed total assets of $744.8
million and total loans of $488.9 million. The figures also showed securities of $137.5 million,
confirming PB’s primary focus on lending. The bank’s loan portfolio is illustrated in the
following table:
Loan Portfolio Distribution as of 12/31/2017
Loan Category $(000s) %
Construction and Land Development 25,218 5.2
Secured by Farmland 28,685 5.9
1 to 4 Family Residential 59,079 12.1
Multi-family (5 or more) Residential 25,838 5.3
Commercial Real Estate 214,484 43.8
Total Real Estate Loans 353,304 72.3
Commercial and Industrial 39,732 8.1
Agricultural 30,455 6.2
Consumer 64,962 13.3
Other 464 0.0
Less: Unearned Income 0 0.0
Total Loans 488,917 100.0
Source: Call Report
Examiners did not identify any financial, legal, or other impediments that affect the bank’s
ability to meet its AA’s credit needs.
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DESCRIPTION OF ASSESSMENT AREA
CRA requires each financial institution to define one or more AAs within which its CRA
performance will be evaluated. PB designated four contiguous AAs: three of these are in California
State and one is in Nevada State. The bank expanded its AA in 2016 to include Washoe County
since it opened a branch in the Reno MSA. The following table identifies PB’s AAs as named in
this report, along with the number of CTs, number of branches, and number of ATMs in each AA.
Description of Assessment Areas
Assessment Area MSA MSA # Counties # of CTs Branches ATMs
Non-MSA Non-MSA, CA 99999 Lassen, Modoc,
*Nevada, Plumas,
Sierra
26 7 11
Redding MSA Redding, CA 39820 Shasta 48 2 2
Sacramento MSA
Sacramento-
Roseville-Arden-
Arcade, CA
40900 *Placer 10 2 2
Reno MSA Reno, NV 39900 Washoe 112 1 1
Source: Bank Records (*Asterisk reflects that only a portion of county is included in the AA)
The AAs contain whole geographies, do not reflect illegal discrimination, and do not arbitrarily
exclude any LMI areas.
Economic and Demographic Data
As described above, PB operates in multiple AAs within California and Nevada. AA descriptions
and demographic data are contained in each full- and limited-scope sections of this evaluation.
Please refer to each full- and limited-scope evaluation section of this PE for a discussion of
economic conditions applicable to each AA.
The following table illustrates select demographic characteristics of the CAA based on the 2010
U.S. Census Data, which will be used to analyze PB’s 2016 performance.
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Demographic Information of the Assessment Area
Assessment Area: Combined
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 195 5.1 21.0 40.5 30.8 2.6
Population by Geography 703,996 6.1 22.4 41.8 29.7 0.0
Housing Units by Geography 327,442 5.9 22.9 41.6 29.7 0.0
Owner-Occupied Units by
Geography
168,944 2.0 16.6 43.4 37.9 0.0
Occupied Rental Units by
Geography
100,548 13.3 36.8 33.9 16.0 0.0
Vacant Units by Geography 57,950 4.1 17.0 49.6 29.3 0.0
Businesses by Geography 42,854 5.9 29.3 34.1 27.9 2.9
Farms by Geography 1,380 2.0 19.0 48.3 30.0 0.8
Family Distribution by Income
Level
172,702 21.1 17.6 20.1 41.2 0.0
Household Distribution by Income
Level
269,492 23.1 16.3 18.3 42.3 0.0
Median Family Income MSA -
#39820 Redding, CA MSA
$55,456 Median Housing Value $315,868
Median Family Income MSA -
#39900 Reno, NV MSA
$67,350 Median Gross Rent $930
Median Family Income MSA -
#40900 Sacramento--Roseville--
Arden-Arcade, CA MSA
$71,816 Families Below Poverty Level 9.7%
Median Family Income Non-
MSAs - CA
$55,928
Source: 2010 U.S. Census and 2016 D&B Data
Due to rounding, totals may not equal 100.0 percent
(*) The NA category consists of geographies that have not been assigned an income classification
The following table illustrates select demographic characteristics of the CAA based on the 2015
ACS Census Data, which will be used to analyze PB’s 2017 performance.
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Demographic Information of the Assessment Area
Assessment Area: Combined
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 196 5.1 16.8 43.4 31.1 3.6
Population by Geography 712,913 5.3 17.5 47.7 28.7 0.8
Housing Units by Geography 336,205 5.4 17.0 45.3 31.7 0.6
Owner-Occupied Units by
Geography
162,975 1.6 12.2 48.9 37.2 0.2
Occupied Rental Units by
Geography
109,620 11.9 27.1 42.6 17.2 1.2
Vacant Units by Geography 63,610 4.1 11.7 41.0 42.4 0.8
Businesses by Geography 44,006 5.1 21.6 39.8 30.4 3.2
Farms by Geography 1,409 2.2 17.2 52.1 27.8 0.8
Family Distribution by Income
Level
170,353 20.8 17.2 20.2 41.8 0.0
Household Distribution by Income
Level
272,595 24.1 15.7 17.3 42.8 0.0
Median Family Income MSA -
#39820 Redding, CA MSA
$55,749 Median Housing Value $248,443
Median Family Income MSA -
#39900 Reno, NV MSA
$65,722 Median Gross Rent $952
Median Family Income MSA -
#40900 Sacramento--Roseville--
Arden-Arcade, CA MSA
$71,829 Families Below Poverty Level 10.1%
Median Family Income Non-MSAs
- CA
$56,948
Source: 2015 ACS Census and 2017 D&B Data
Due to rounding, totals may not equal 100.0 percent
(*) The NA category consists of geographies that have not been assigned an income classification
As shown in the tables above, there were 42,854 businesses in the CAA in 2016, and 44,006 in
2017. The slight growth in businesses and job opportunities mainly comes from the Reno MSA,
Redding MSA, and Sacramento MSA while being offset by losses of businesses in the Non-
MSA AA during the evaluation period.
On the other hand, the 2015 ACS Data reported an improved income level in four moderate-
income CTs from the 2010 U.S. Census data, all of which were in the Redding MSA. They are
now middle-income CTs, thereby reducing the opportunities of PB to lend in LMI areas in 2017.
In addition, one of the two branches in the Redding MSA AA was in a moderate-income CT that
changed to a middle-income CT in 2017 when the 2015 ACS data was published.
In addition, the 2015 ACS Census data also reported an improved income level in four moderate-
income CTs from the 2010 U.S. Census data in the Reno MSA. They are now middle-income
CTs, thereby reducing the opportunities of PB to lend in LMI areas in 2017. In addition, one CT
10
was added based on the 2015 ACS Census Data and it represents a CT where income levels are
not available.
State-Designated Economically Distressed Areas
PB has 13 distressed and/or underserved nonmetropolitan middle-income CTs in the Non-MSA AA.
Please refer to the Non-MSA AA full-scope evaluation for additional information related to
distressed and/or underserved nonmetropolitan middle-income CTs.
Competition
Examiners reviewed deposit market share figures for each AA. Please refer to each full-scope
evaluation for complete details regarding the institution’s market share and ranking for the
respective area.
Community Contact
As part of the evaluation process, examiners contacted third parties active in the AAs to assist in
identifying the credit and CD needs. This information helps determine whether local financial
institutions are responsive to these needs. It also shows what credit and CD opportunities are
available. Please refer to each full-scope evaluation for details regarding information obtained
from community contacts.
Credit and Community Development Needs and Opportunities
Please refer to each full-scope evaluation for details regarding information obtained from
community contacts on specific credit and CD needs and opportunities.
BANKWIDE CONCLUSIONS ON PERFORMANCE CRITERIA
LENDING TEST
PB demonstrated reasonable performance under the Lending Test. Geographic Distribution and
Borrower Profile performance provided primary support for this conclusion.
Loan-to-Deposit Ratio
The LTD ratio is more than reasonable given the institution’s size, financial condition, and CAA
credit needs. The bank’s LTD ratio, calculated from Call Report data, averaged 76.1 percent over
the most recent 11 quarterly reporting periods from June 30, 2015 to December 31, 2017. PB’s
ratio remained predominantly stable during this time, with only intermittent variation that ranged
from a low of 71.6 percent on September 30, 2015, to a high of 78.9 percent on March 31, 2017.
Examiners compared the bank’s performance to three similar institutions based on asset size and
business strategy with operations located in the bank’s CAA. Although PB’s LTD ratio is slightly
below similar institutions, PB’s performance is further supported and mitigated by the selling of the
11
SBA-guaranteed portion of SBA 7(a) loans in the secondary market, thereby freeing-up funds to
reinvest in additional small business loans in the communities it serves. Since the previous
evaluation, PB originated and sold the guaranteed portion of 189 SBA loans totaling approximately
$90.8 million. PB’s performance under this criterion is also mitigated because BofA closed
branches in several PB markets during the evaluation period, allowing PB to obtain unsolicited
deposits without corresponding loan demand. The following table illustrates the bank’s net average
LTD ratio relative to similar banks:
Loan-to-Deposit Ratio Comparison
Institution Ratio Over Last 11 Quarters
Plumas Bank 76.1
Comparable Institution 1 80.7
Comparable Institution 2 80.8
Comparable Institution 3 80.9
Source: Call Report
Assessment Area Concentration
The bank originated a substantial majority of its small business loans, by number and dollar
volume, within its CAA. Refer to the following table for detail:
Lending Inside and Outside of the Assessment Area
Number of Loans Dollar Amount of Loans $(000s)
Loan Category Inside Outside Total Inside Outside Total
# % # % # $ % $ % $(000s)
Small Business
2016 128 88.9 16 11.1 144 19,137 81.1 4,469 18.9 23,606
2017 178 91.8 16 8.2 194 28,781 89.1 3,521 10.9 32,302
Total 306 90.5 32 9.5 338 47,918 85.7 7,990 4.4 55,908
Source: Evaluation Period: 1/1/2016 - 12/31/2017 Bank Data Due to rounding, totals may not add up to 100.0 percent
At 90.5 percent by number and 85.7 percent by dollar volume, PB originated a substantial
majority of loans within its AAs over the review period.
Geographic Distribution
PB’s overall geographic distribution of loans reflects reasonable dispersion throughout the CAA.
The bank’s record of small business lending is reasonable and supports this conclusion. To
evaluate geographic distribution, examiners focused on the percentage by number of loans in
LMI CTs compared to demographic information. Aggregate market data was also used to
provide additional context regarding loan demand versus credit opportunity. PB’s performance
by AA is generally consistent. Please refer to each respective AA analysis for additional details.
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Borrower Profile
Overall, PB’s distribution of borrowers reflects reasonable penetration among businesses of
different revenue sizes. This conclusion is based on comparison of demographics data to PB’s
rate of lending to businesses with GARs of $1 million or less. Performance by AA is generally
consistent. Please refer to each respective AA analysis for further details.
Response to Complaints
The bank did not receive any CRA-related complaints since the previous evaluation; therefore,
this criterion did not affect the Lending Test rating.
COMMUNITY DEVELOPMENT TEST
PB demonstrated excellent responsiveness to the CD needs of its CAA. This performance is
accomplished through CD loans, qualified investments and donations, and CD services, as
appropriate. The rating takes into consideration PB’s capacity, and the availability and need of
such opportunities for CD in its AAs. PB’s CD activities are for the review period of May 26,
2015, through the current evaluation date of April 13, 2018. PB’s total CD dollars, which
combine loans, investments, and donations for the review period, total over $66 million, or 10.2
percent of average total assets. The bank’s CD activities in the CAA for the review period are
summarized in the following sections:
Community Development Loans
PB originated 212 CD loans totaling approximately $65.9 million during the evaluation period,
an increase in dollar amount of 198.0 percent since the previous evaluation when CD loans were
$32.4 million. This level of activity represents 10.2 percent of average total assets and 11.5
percent of average total loans since the prior CRA Evaluation and is above other lenders in the
states of California and Nevada with footprints in the CAA. PB’s performance for the current
evaluation period exceeds its CD performance from the previous evaluation. CD loans equaled
5.9 percent of total assets and 8.5 percent of total loans at the previous CRA Evaluation.
Of the 212 CD loans, 2 loans totaling $0.6 million were used for affordable housing, 4 loans
totaling $1.5 million were used to revitalize and stabilize the community, 19 loans totaling $5.3
million were used for community services, and 187 loans totaling $58.5 million were used for
economic development. Virtually all of the economic development loans were SBA 7(a) and
504 transactions, which are responsive to community economic development needs. Despite this
excellent performance primarily due to economic development lending, one area which could be
enhanced is additional CD lending to support affordable housing. Both community contacts
indicated a lack of affordable housing stock which could prevent more businesses from entering
the CAA, especially in the LMI and distressed and/or underserved geographies.
The following table provides a breakdown of the number and dollar volume of CD loans by AA,
activity year, and primary CD purpose:
13
As shown in the table above, a majority by number, 73.6 percent of CD loans were originated in
the Non-MSA AA. The Non-MSA AA offers more opportunities for CD lending given the bank
has a larger footprint in this AA through 7 of the bank’s 12 branch offices. Moreover, 13 of the
14 middle-income CTs located in the Non-MSA AA are designated distressed and/or
underserved CTs, where a majority of the bank’s overall lending occurred.
A few of the more notable CD loans include the following:
A $550,000 and a $230,000 loan to a Northeastern California community based non-
profit organization providing services and opportunities for the wellbeing of local
residents and families to improve quality of life and self-sufficiency by promoting health,
education, prevention, and treatment. The organization serves families in middle-income
distressed and/or underserved geographies in Lassen, Modoc, Plumas, and Sierra
Community Development Lending by Assessment Area
Assessment Area
Affordable
Housing
Community
Services
Economic
Development
Revitalize
or
Stabilize
Totals
# $(000) # $(000) # $(000) # $(000) # $(000)
2015*
Non-MSA 1 50 4 732 23 5,989 0 0 28 6,771
Reno MSA 0 0 0 0 0 0.0 0 0 0 0
Redding MSA 0 0 6 1,150 4 4,108 0 0 10 5,258
Sacramento MSA 0 0 0 0 8 4,522 0 0 8 4,522
Subtotal 2015 1 50 10 1,882 35 14,619 0 0 46 16,551
2016
Non-MSA 1 550 4 713 50 10,685 2 179 57 12,127
Reno MSA 0 0 0 0 6 5,210 0 0
0
0
6 5,210
Redding MSA 0 0 0 0 4 598 1 1,150 5 1,748
Sacramento MSA 0 0 0 0 12 5,431 0 0
0
12 5,431
Subtotal 2016 1 550 4 713 72 21,924 3 1,329 80 24,516
2017
Non-MSA 0 0 4 2,575 54 9,531 1 183 59 12,289
Reno MSA 0 0 0 0 1 145 0 0.0 1 145
Redding MSA 0 0 0 0 4 2,502 0 0.0 4 2,502
Sacramento MSA 0 0 1 109 7 5,187 0 0.0 8 5,296
Subtotal 2017 0 0 5 2,684 66 17,365 1 183 72 20,232
2018**
Non-MSA 0 0 0 0 12 3,476 0 0 12 3,476
Reno MSA 0 0 0 0 1 1,087 0 0 1 1,087
Redding MSA 0 0 0 0 1 30 0 0 1 30
Sacramento MSA 0 0 0 0 0 0
0
0 0 0 0
0 Subtotal 2018 0 0 0 0 14 4,593 0 0 14 4,593
Total 2 600 19 5,279 187 58,501 4 1,512 212 65,892
Source: Bank Records *Loans made between May 26, 2015, and December 31, 2015
**Loans made between January 1, 2018, and April 13, 2018
14
Counties.
Four loans totaling $1,058,750 to a commercial enterprise in a moderate-income CT that
has created 30 + jobs.
A $346,000 operating loan to a non-profit corporation for water management and water
quality improvement projects located within a large-scale watershed at the headwaters of
the California Water Project.
A $88,500 loan to refinance the purchase of a new 20,000-gallon asphalt tank. The
company employs 20+ people and is located in an underserved/destressed tract.
A $115,000 loan to support annual operating expenses for a family ranching and horse
boarding, training, and riding business. They hire employees, some of which are
seasonal. The operation is located in a middle-income CT; however, it is in an
underserved/distressed area.
A $300,000 line of credit to be used for tribal subsidiary companies to fund continued
operations. The borrower formed Disadvantaged/Minority/LMI (Native American
owned) entities to engage in government contracts or to operate to serve Disadvantaged
Minority/LMI community members.
A $104,500 term equipment loan to a small excavation construction company to purchase
2 backhoes. The company operates in a distressed/underserved area of Plumas County.
The company employs 12 local residents.
Community Development Investments
The bank did not make any new investments or maintain any prior period investments in the
CAA since the previous evaluation in May of 2015. However PB made 142 qualified donations
totaling $147,000. These figures represent a significant increase from the previous PE, where
PB made only 110 donations totaling $64,853. PB donations focused primarily on providing
funds to community service activities. The following table summarizes the distribution of PB’s
qualified donations by year, type of donation, and AA served:
15
Qualified Donations by Assessment Area
Assessment Area Affordable
Housing
Community
Services
Economic
Development
Revitalize
or Stabilize
Totals
# $(000) # $(000) # $(000) # $(000) # $(000)
2015*
Non-MSA 0 0 21 26 0 0 0 0 21 26
Reno MSA 0 0 0 0 0 0 0 0 0 0
Redding MSA 0 0 3 3 0 0 0 0 3 3
Sacramento MSA 0 0 3 1 0 0 0 0 3 1
Subtotal 2015 0 0 27 30 0 0 0 0 27 30
2016
Non-MSA 0 0 28 27 1 2 0 0 29 29
Reno MSA 0 0 0 0 1 2 0 0 1 2
Redding MSA 0 0 6 3 0 0 0 0 6 3
Sacramento MSA 0 0 6 2 1 3 0 0 7 5
Subtotal 2016 0 0 40 32 3 7 0 0 43 39
2017
Non-MSA 0 0 36 32 0 0 0 0 36 32
Reno MSA 0 0 3 6 3 7 0 0 6 13
Redding MSA 0 0 8 5 0 0 0 0 8 5
Sacramento MSA 0 0 5 3 1 3 0 0 6 6
Subtotal 2017 0 0 52 46 4 10 0 0 56 56
2018**
Non-MSA 0 0 9 16 0 0 0 0 9 16
Reno MSA 0 0 2 3 1 2 0 0 3 5
Redding MSA 0 0 2 0*** 0 0 0 0 2 0
Sacramento MSA 0 0 2 1 0 0 0 0 2 1
Subtotal 2018 0 0 15 20 1 2 0 0 16 22
Total 0 0 134 128 8 19 0 0 142 147
Source: Bank Records
*Donations made between May 26, 2015, and December 31, 2015
**Donations made between January 1, 2018, and April 13, 2018 *** Donation amount less than $500
Below are notable examples of the bank’s qualified donation activities:
A $40,180 in-kind donation to a private non-profit corporation whose mission is to
provide child development programs in 4 counties with moderate-income and middle-
income distressed and/or underserved CTs. The donation provided free space to this
organization throughout the evaluation period.
A $6,400 in-kind donation to a non-profit, volunteer based group of both retired and
active professionals who are dedicated to small business education and formation, growth
and success. The donation provided free space in the PB branch in Reno, Nevada,
located in a moderate-income CT.
16
A $7,400 in-kind donation to a collaborative group of leaders in the community of the
Reno MSA who strive to make the community achieve total health especially the
underserved and vulnerable populations. The donation provided free space in the PB
branch in Reno, Nevada, located in a moderate-income CT.
A $1,000 donation to a fund-raising event for a hospital that provides needed health care
services to residents that live in distressed and/or underserved middle-income CTs in
Plumas County.
A $2,000 donation to a private/public partnership in Washoe County to launch an annual
seed fund that assisted in the recruitment of new companies to diversify the economy and
have a positive impact on the quality of life in Greater Reno-Sparks.
A $5,000 donation to an organization in Nevada County to help protect, enhance, and
restore the Truckee River watershed.
Community Development Services
PB employees, officers, and directors provided 107 services totaling 2,938 qualified CD hours
throughout PB’s delineated CAA to CD-qualified organizations. This is a slight increase since
the prior evaluation when qualified CD hours were 2,862. During the evaluation period, a total
of 17 employees, including officers and a director, provided financial expertise or technical
assistance to 107 qualified CD organizations or programs. These efforts by bank employees
concentrated on community service and economic development activities. Services were
provided almost exclusively in the Non-MSA and secondarily in the Sacramento MSA. The
following table illustrates the bank’s CD services by year, AA, and purpose:
17
Qualified Community Development Services by Assessment Area
Assessment Area Affordable
Housing
Community
Services
Economic
Development
Revitalization or
Stabilization Totals
# Hrs. # Hrs. # Hrs. # Hrs. # Hrs.
2015*
Non-MSA 0 0 8 381 15 494 0 0 23 875
Reno MSA 0 0 0 0 0 0 0 0 0 0
Redding MSA 0 0 0 0 0 0 0 0 0 0
Sacramento MSA 0 0 0 0 1 48 0 0 1 48
Subtotal 2015 0 0 8 381 16 542 0 0 24 923
2016
Non-MSA 0 0 9 384 12 357 0 0 21 741
Reno MSA 0 0 1 16 0 0 0 0 1 16
Redding MSA 0 0 0 0 0 0 0 0 0 0
Sacramento MSA 0 0 1 114 3 115 0 0 4 229
Subtotal 2016 0 0 11 514 15 472 0 0 26 986
2017
Non-MSA 0 0 15 495 11 185 0 0 26 680
Reno MSA 0 0 0 0 0 0 0 0 0 0
Redding MSA 0 0 0 0 0 0 0 0 0 0
Sacramento MSA 0 0 1 57 3 83 0 0 4 140
Subtotal 2017 0 0 16 552 14 268 0 0 30 820
2018**
Non-MSA 0 0 11 98 12 76 0 0 23 174
Reno MSA 0 0 0 0 0 0 0 0 0 0
Redding MSA 0 0 0 0 0 0 0 0 0 0
Sacramento MSA 0 0 2 17 2 18 0 0 4 35
Subtotal 2018 0 0 13 115 14 94 0 0 27 209
Grand Total 0 0 48 1,562 59 1,376 0 0 107 2,938
Source: Bank Records *Services provided between May 26, 2015, and December 31, 2015
**Services provided between January 1, 2018, and April 13, 2018
Notable examples of the institution’s qualified services include the following activities:
A bank officer served as commissioner and treasurer of a volunteer association that
provides high quality, fire, EMS, and rescue services in Plumas County.
A bank officer served as treasurer of an organization in Modoc County that provides
scholarships for children interested in the field of agriculture and promotes the education
of agriculture to the public.
18
A bank officer served as a member of a college foundation in Lassen County that raises
funds for scholarships and service projects throughout the community.
A bank officer served as a member of an organization in Washoe County that provided
scholarships to low-income high school graduates seeking a college education.
In addition to services provided, PB operates three branches in moderate-income CTs, and five
branches and two stand-alone ATMs in middle-income distressed and/or underserved CTs
primarily in the Non-MSA AA. These branch and ATM locations demonstrate the availability of
banking services to LMI individuals and distressed and/or underserved areas.
19
DISCRIMINATORY OR OTHER ILLEGAL CREDIT PRACTICES
REVIEW
Examiners did not identify any evidence of discriminatory or other illegal credit practices;
therefore, this consideration did not affect the institution’s overall CRA Rating.
20
STATE OF CALIFORNIA
CRA RATING FOR CALIFORNIA: Satisfactory
The Lending Test is rated: Satisfactory
The CD Test is rated: Outstanding
SCOPE OF EVALUATION
Examiners conducted a full-scope evaluation of the bank’s performance in the Non-MSA AA
and limited-scope evaluations of the bank’s performance in the Redding and Sacramento MSA
AAs. PB’s performance in the Non-MSA AA received the greatest weight in the state of
California for this evaluation. Performance was generally consistent by AA. Refer to the Non-
MSA full-scope analysis and the limited-scope analyses for noted performance.
DESCRIPTION OF INSTITUTION’S OPERATIONS IN CALIFORNIA
For the time period and AAs applicable to this analysis, PB operated 11 branches in 5 Non-MSA
counties and 2 MSA counties in the state of California. Details regarding the bank’s operations
within these two MSA counties and Non-MSA counties are contained in the bank-wide
Description of Assessment Area and Description of Institution sections.
The three AAs defined by PB within the state of California include the counties of Plumas,
Lassen, Modoc, Nevada, and Sierra in the Non-MSA AA, Shasta County in MSA #39820, and
Placer County in MSA #40900. Each AA has a somewhat different economic profile. Detailed
descriptions of each AA are located in each full-scope and limited-scope analysis.
Demographic and Economic Data
The following table illustrates select demographic characteristics of the combined California
AAs based on the 2010 U.S. Census Data, which will be used to analyze PB’s 2016 performance.
21
Demographic Information of the Assessment Area
Assessment Area: California
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 84 0.0 20.2 52.4 27.4 0.0
Population by Geography 282,589 0.0 22.1 53.1 24.8 0.0
Housing Units by Geography 145,726 0.0 21.1 53.1 25.7 0.0
Owner-Occupied Units by
Geography
72,091 0.0 17.9 52.4 29.7 0.0
Occupied Rental Units by
Geography
36,604 0.0 36.0 47.0 17.0 0.0
Vacant Units by Geography 37,031 0.0 12.8 60.6 26.7 0.0
Businesses by Geography 19,192 0.0 28.9 50.0 21.1 0.0
Farms by Geography 889 0.0 18.7 58.3 23.1 0.0
Family Distribution by Income
Level
71,041 21.3 17.4 19.6 41.7 0.0
Household Distribution by Income
Level
108,695 23.5 15.2 18.0 43.3 0.0
Median Family Income MSA -
#39820 Redding, CA MSA
$55,456 Median Housing Value $336,939
Median Family Income MSA -
#40900 Sacramento--Roseville--
Arden-Arcade, CA MSA
$71,816 Median Gross Rent $880
Median Family Income Non-MSAs
- CA
$55,928 Families Below Poverty Level 11.4%
Source: 2010 U.S. Census and 2016 D&B Data
Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
The following table illustrates select demographic characteristics of the combined California
AAs based on the 2015 ACS Census Data, which will be used to analyze PB’s 2017
performance.
22
Demographic Information of the Assessment Area
Assessment Area: California
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 84 0.0 15.5 52.4 32.1 0.0
Population by Geography 277,894 0.0 14.9 57.7 27.4 0.0
Housing Units by Geography 149,724 0.0 13.3 53.4 33.3 0.0
Owner-Occupied Units by
Geography
68,505 0.0 11.4 56.0 32.5 0.0
Occupied Rental Units by
Geography
37,745 0.0 23.0 56.8 20.2 0.0
Vacant Units by Geography 43,474 0.0 7.9 46.2 46.0 0.0
Businesses by Geography 19,538 0.0 16.0 55.1 28.9 0.0
Farms by Geography 884 0.0 18.1 60.2 21.7 0.0
Family Distribution by Income
Level
67,723 20.2 17.2 19.4 43.1 0.0
Household Distribution by Income
Level
106,250 23.4 15.7 17.0 43.9 0.0
Median Family Income MSA -
#39820 Redding, CA MSA
$55,749 Median Housing Value $284,886
Median Family Income MSA -
#40900 Sacramento--Roseville--
Arden-Arcade, CA MSA
$71,829 Median Gross Rent $966
Median Family Income Non-MSAs
- CA
$56,948 Families Below Poverty Level 10.1%
Source: 2015 ACS Census and 2017 D&B Data
Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
As shown in the tables above, there were 19,192 businesses in the California AA in 2016 and
19,538 in 2017. The loss of businesses in the Non-MSA AA during the evaluation period were
offset by growth in the Redding and Sacramento MSAs, thereby showing overall limited growth
of businesses from 2016 to 2017.
On the other hand, the 2015 ACS Data also reported an improved income level in four
moderated-income CTs from the 2010 U.S. Census data, all of which were in the Redding MSA.
They are now middle-income CTs, thereby reducing the opportunities of PB to lend in LMI areas
in 2017. In addition, one of the two branches in the Redding MSA AA was in a moderate-
income CT that changed to a middle-income CT in 2017 when the 2015 ACS data was
published.
The following table contains unemployment statistics for the state of California and each
individual county in the AA.
23
Unemployment Rates: California
Area 2016 2017
% %
Non – MSA Counties - Plumas
9.7 8.9
Non – MSA Counties - Modoc 7.8 8.0
Non – MSA Counties - Lassen 6.9 5.6
Non – MSA Counties - Sierra 7.5 6.5
Non – MSA Counties - Nevada 4.8 4.1
Redding MSA #39820 – Shasta County
Redding MSA #28420
7.0 5.8
Sacramento MSA #40900 – Placer County 4.5 3.8
State 5.3 4.5
National Average 4.7 4.1
Source: Bureau of Labor Statistics
The statewide unemployment rate showed significant improvement between 2016 and 2017,
consistent with an improving trend for the nation as a whole. Of the seven counties in the state of
California AA, six of them showed significant improvement between 2016 and 2017. Only Modoc
County in the Non-MSA AA, experienced a nominal increase in unemployment. For the most part,
unemployment in California State has demonstrated continued improvement since 2012, and this
reflects a strengthening national economy following the most recent recession.
According to Moody’s Analytics in 2017, the overall economy in California has been on a high-
tech growth spurt. Income growth in California has surpassed the U.S. average in 23 of the last 24
months. Tech havens such as Silicon Valley are at the forefront of California’s expansion. This
obviously has no effect within the counties and communities PB serves as they are far removed
from any tech-related industries.
As described above, PB operates in multiple AAs within California. AA descriptions and
demographic data are contained in each full-scope evaluation. Please refer to each full- and limited-
scope evaluation for a discussion of economic conditions applicable to each AA in the current
evaluation.
State-Designated Economically Distressed Areas
PB has 13 distressed and/or underserved nonmetropolitan middle-income CTs in the Non-MSA AA.
Please refer to the Non-MSA AA full-scope evaluation for additional information related to
distressed or underserved nonmetropolitan middle-income CTs.
Competition
Except for the Non-MSA AA, competition within the other AAs is robust. As of June 30, 2017,
within the Redding and Sacramento MSA AAs, PB competed for loans and deposits against 29
national, regional, and other community banks that operate 162 branches. According the June
30, 2017 FDIC’s Summary of Deposits Report, PB’s market share of deposits within the
Redding and Sacramento AAs was less than 1.0 percent. The competition is much more
24
predominant in the Redding and Sacramento AAs, as these AAs contain more urban areas that
are more densely populated when compared to the Non-MSA AA.
Community Contact
As part of the evaluation process, examiners contacted third parties active in the AAs to assist in
identifying the credit and CD needs. This information helps determine whether local financial
institutions are responsive to these needs. It also shows what credit and CD opportunities are
available. Please refer to each full-scope evaluation for details regarding information obtained
from community contacts.
Credit and Community Development Needs and Opportunities
Please refer to each full-scope evaluation for details regarding information obtained from
community contacts on specific credit and CD needs and opportunities.
CONCLUSIONS ON PERFORMANCE CRITERIA IN CALIFORNIA
LENDING TEST
PB’s Lending Test is rated “Satisfactory” in the state of California. Geographic distribution and
borrower profile loan performance primarily support this conclusion.
COMMUNITY DEVELOPMENT TEST
PB’s CD Test is rated “Outstanding” in the state of California. This conclusion considered the
bank’s CD loans, qualified investments and grants, and CD services. Overall, PB’s CD
performance demonstrated excellent responsiveness to CD needs in the California AAs. Refer to
individual full-scope AA analyses and information presented in the bank-wide CD tables for
specific information on PB’s CD activities in the California AAs during the evaluation period.
25
NON-MSA ASSESSMENT AREA FULL-SCOPE EVALUATION
DESCRIPTION OF INSTITUTION’S OPERATIONS IN THE NON-MSA ASSESSMENT
AREA
PB operates seven full-service branches and the bank’s main office, in the Non-MSA AA. The
AA contains 44.8 percent of PB’s CRA-applicable loans originated within the bank’s AAs
during the evaluation period, 52.6 percent of the dollar volume of CD loans originated, as well as
82.8 percent of the total deposits, and 58.3 percent of the total branches. One of the seven
branches is located in a moderate-income CT, and five of the seven are located in distressed
and/or underserved middle-income CTs. This AA includes all of Plumas, Lassen, Modoc, and
Sierra Counties. Additionally, the AA includes five CTs in Nevada County. Please refer to the
operations portion under the CAA Description of Institution for a full description of the bank’s
operations. The following sections provide details regarding economic and demographic
conditions for the AA, competition, distressed and underserved middle-income CTs, and
information obtained from a community contact:
Demographic and Economic Data
The following table illustrates select demographic characteristics of the Non-MSA AA based on
the 2010 U.S. Census Data and 2016 D&B data, which will be used to analyze PB’s 2016
performance.
26
Demographic Information of the Assessment Area
Assessment Area: Non-MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 26 0.0 11.5 53.8 34.6 0.0
Population by Geography 88,562 0.0 11.5 55.6 32.9 0.0
Housing Units by Geography 50,534 0.0 12.0 51.4 36.6 0.0
Owner-Occupied Units by
Geography
22,571 0.0 12.7 47.0 40.3 0.0
Occupied Rental Units by Geography 11,001 0.0 20.1 48.6 31.3 0.0
Vacant Units by Geography 16,962 0.0 5.7 59.2 35.1 0.0
Businesses by Geography 5,541 0.0 15.5 55.2 29.4 0.0
Farms by Geography 327 0.0 8.6 67.9 23.5 0.0
Family Distribution by Income Level 21,534 18.7 16.4 20.4 44.6 0.0
Household Distribution by Income
Level
33,572 22.7 13.5 18.5 45.4 0.0
Median Family Income Non-MSAs -
CA
$55,928 Median Housing Value $337,197
Median Gross Rent $875
Families Below Poverty Level 9.8%
Source: 2010 U.S. Census and 2016 D&B Data Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
The following table illustrates select demographic characteristics of the Non-MSA AA based on
the 2015 ACS Census Data and 2017 D&B data, which will be used to analyze PB’s 2017
performance.
27
Demographic Information of the Assessment Area
Assessment Area: Non-MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 26 0.0 11.5 53.8 34.6 0.0
Population by Geography 83,997 0.0 5.2 61.0 33.8 0.0
Housing Units by Geography 52,161 0.0 5.4 51.0 43.5 0.0
Owner-Occupied Units by
Geography
21,355 0.0 5.7 55.2 39.1 0.0
Occupied Rental Units by
Geography
9,495 0.0 7.4 57.9 34.7 0.0
Vacant Units by Geography 21,311 0.0 4.3 43.8 51.9 0.0
Businesses by Geography 5,571 0.0 7.3 47.7 45.0 0.0
Farms by Geography 327 0.0 20.5 57.5 22.0 0.0
Family Distribution by Income
Level
19,252 17.4 15.9 18.6 48.1 0.0
Household Distribution by Income
Level
30,850 21.2 14.7 16.1 48.1 0.0
Median Family Income Non-MSAs
- CA
$56,948 Median Housing Value $292,418
Median Gross Rent $969
Families Below Poverty Level 8.4%
Source: 2015 ACS Census and 2017 D&B Data Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
The number of businesses in the Non-MSA AA has declined significantly during the evaluation
period compared to the prior two CRA PEs. Based on the 2011 D&B data, there were 8,722
businesses operating in the Non-MSA AA. In 2014 and 2015, D&B data showed there were
6,510 and 5,945 businesses, respectively, in the Non-MSA AA. As the data in the tables above
illustrates, the number of businesses reduced to 5,541 in 2016 and to 5,571 in 2017. The
reduction in businesses took away opportunities to lend in this area and it also partly explains
why the economy is still weak.
The following table contains unemployment information for the AA compared to state and
national averages:
28
Unemployment Rates: Non-MSA
Area 2016 2017
% %
Non – MSA Counties - Plumas
9.7 8.9
Non – MSA Counties - Modoc 7.8 8.0
Non – MSA Counties - Lassen 6.9 5.6
Non – MSA Counties - Sierra 7.5 6.5
Non – MSA Counties - Nevada 4.8 4.1
State 5.3 4.5
National Average 4.7 4.1
Source: Bureau of Labor Statistics
The unemployment rate in the Non-MSA AA has improved markedly during the evaluation
period, but continues to trail the state and national averages by a wide margin and reflects the
weaknesses in the economy compared to the state and national economies.
Five contiguous counties make up the Non-MSA AA and they are described below. Modoc
County is the northeastern-most county of California. Alturas is the county seat. Modoc is
bordered by Oregon to the north, Siskiyou County to the west, Shasta and Lassen Counties to the
south, and the state of Nevada to the east. Approximately 90 percent of the county consists of
national forest, wilderness preserve, wildlife refuges, and state and federal lands. According to
the Bureau of Labor Statistics (BLS), the unemployment rate for Modoc County bucked the
downward trend of the other four Non-MSA counties during the evaluation period by increasing
from 2016 to 2017. However, the unemployment rate has dropped from 14.4 percent in
December 2011 to 8.0 percent in 2017. The largest employment sector in the county is
government, which accounts for approximately half of all wage and salary jobs.
Lassen County is located in the mountains of northeast California, in the eastern slopes of the
Sierra Nevada Mountains. It is south of Modoc County and borders Shasta to the west, Plumas
and a small portion of Sierra to the south, and the state of Nevada to the east. Susanville is the
county seat. According to the California Economic Development Department (CEDD) and BLS,
the unemployment rate for Lassen County was 12.8 percent in 2011 and it has decreased to 5.6
percent in 2017. Employment is dominated by the public sector, which accounts for a majority
of all employment in the county. The leisure services, retail trade, and construction sectors
account for the additional net job creation.
Home to more than 100 lakes, Plumas County is located in northeast California in a primarily
mountainous region. Plumas County is bordered by Sierra and Yuba Counties to the south, Butte
and Tehama Counties to the west, Shasta and Lassen Counties to the north, and the panhandle of
Lassen County to the east. According to the CEDD and BLS, the unemployment rate for Plumas
County was 13.6 percent in December 2011 and it has decreased to 8.9 percent in 2017. The
outlook for employment growth is positive for construction, manufacturing, retail trade, and
government sectors. Government and service providing sectors presently dominate the job
market in the county.
29
Sierra County is divided east to west by the crest of the Sierra Nevada. This creates two very
different regions. The west side is mountainous and heavily forested. The Sierra Valley, east of
the crest, is home to most of the county’s residents and farms. Sierra County is bordered by
Plumas and Lassen Counties to the north, Yuba County to the west, Nevada County to the south,
and the state of Nevada to the east. The county seat is Downieville. According to the CEDD
and BLS, the unemployment rate for the county was 14.2 percent in December 2011 and it has
decreased to 6.5 percent in 2017, which is still 2.0 percent higher than the state of California’s
unemployment rate. The services sector is expected to create most of the new jobs in the county
followed by the goods producing sectors over the next four years. Government and service
providing sectors presently dominate the job market in the county.
Nevada County is located in California’s Mother Lode country. Nevada County stretches from
the eastern Sacramento Valley, across the Sierra Nevada Mountains, to the state of Nevada.
Nevada City is the county seat. According to the CEDD and BLS, the unemployment rate was
9.7 percent in December 2011, and it has decreased to 4.1 percent which is slightly lower than
the state of California’s unemployment rate. Employment remains flat in the financial activities,
transportation, information, and manufacturing sectors.
Competition
Competition within the Non-MSA AA is not as strong as the urban areas of the PB CAA. As of
the June 30, 2017 Deposit Market Share Report, PB competed with 10 other FDIC-insured
banking or savings institutions operating 31 offices within the Non-MSA AA. PB’s market
share of deposits within the Non-MSA AA was 18.8 percent, representing a 1st place ranking.
BofA had the top ranking at the two previous evaluations, but during the current evaluation
period they have been closing branches in several Non-MSA AAs. BofA's branch closings have
elevated PB to the top ranking and increased their market share from 16.3 percent in 2011 to
18.8 percent in 2017.
State-Designated Distressed and/or Underserved Areas
Of the 26 CTs in the Non-MSA AA, 13 of the CTs are designated distressed and/or underserved
middle-income CTs. A middle-income Non-MSA CT is regarded as underserved if it meets the
criteria for population size, density, and dispersion that indicates the area’s population is
sufficiently small, thin, and distant from a population center so that the CT is likely to have
difficulty financing the fixed costs of meeting essential community needs. Distressed Non-MSA
middle-income CTs are those located in counties that meet one or more triggers that generally
reflect the “distressed criteria" used by the Community Development Financial Institutions Fund.
Community Contact
As part of this evaluation, examiners used a community contact that focused on the Non-MSA
AA in developing the bank’s performance context, as well as the evaluation of the bank CRA
performance. The contact is a non-profit organization based in Quincy, California that provides
information to local-area businesses which includes start-up businesses, as well as assistance in
handling local state and county regulations. It gives information on what incentives are available
30
for operating a business in Plumas County, particularly in Quincy. The contact indicated that the
local economy has improved, home prices have increased, and unemployment has gone down.
However, there remains a lack of affordable housing in Plumas which makes hiring employees
more difficult for local businesses. According to the contact, there are two banks within the
Quincy area that provide the credit needs of the community. However, PB is the only bank with
branch offices located outside of Quincy. Further, PB far exceeds the other bank in providing
credit and deposit products and services to local businesses and residents.
Credit and Community Development Needs and Opportunities
As identified in community contact information shown above, credit and CD needs and
opportunities are present with respect to affordable housing programs and small business
financing and education. In addition, 50.0 percent of the CTs in the Non-MSA AA are in
middle-income distressed and/or underserved CTs. PB originated 156 CD loans totaling $34.7
million during the evaluation period to address credit needs. Also, PB originated 137 small
business loans totaling $16.5 million in 2016 and 2017 to help meet credit needs in the AA.
CONCLUSIONS ON PERFORMANCE CRITERIA IN THE NON-MSA ASSESSMENT
AREA
LENDING TEST
PB demonstrated reasonable performance under the Lending Test in the Non-MSA AA.
Geographic Distribution and Borrower Profile support this conclusion. The institution’s
performance in the Non-MSA AA is consistent with the bank’s statewide performance.
Geographic Distribution
The following table details PB’s small business lending distribution by CT income level for the
Non-MSA AA in 2016. The distribution of businesses by CT income level as estimated by D&B
is included in the second column for demographic reference.
31
Geographic Distribution of Small Business Loans
Assessment Area: Non-MSA
Tract Income Level % of Businesses # % $(000s) %
Moderate
2016 15.5 10 16.7 1,260 17.4
Middle
2016 55.2 38 63.3 3,950 54.5
Upper
2016 29.4 12 20.0 2,036 28.1
Not Available
2016 0.0 0 0.0 0 0.0
Totals
2016 100.0 60 100.0 7,245 100.0
Source: 2016 D&B Data; 1/1/2016 - 12/31/2016 Bank Data
Due to rounding, totals may not add up to 100.0 percent
The bank’s geographic distribution of small business loans reflects reasonable dispersion
throughout the Non-MSA AA, including moderate-income CTs. The Non-MSA AA contains no
low-income CTs.
In 2016, PB’s 16.7 percent rate of lending in moderate-income CTs was slightly above the D&B
comparison percentage of 15.5 percent. Aggregate data was not used as a direct comparison
because it reflects performance for all CRA data reporters; however it was presented to
understand competition and loan demand within the AA. The 2016 aggregate percentage was
9.0 percent which was exceeded by PB’s 16.7 percent.
The following table details PB’s small business lending distribution by CT income level for the
Non-MSA AA in 2017. The distribution of businesses by CT income level as estimated by the
2017 D&B data is included in the second column for demographic reference.
32
Geographic Distribution of Small Business Loans
Assessment Area: Non-MSA
Tract Income Level % of Businesses # % $(000s) %
Moderate
2017 7.3 7 9.1 610 6.6
Middle
2017 47.7 32 41.6 3,710 40.2
Upper
2017 45.0 38 49.4 4,914 53.2
Not Available
2017 0.0 0 0.0 0 0.0
Totals
2017 100.0 77 100.0 9,234 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data Due to rounding, totals may not add up to 100 percent
The bank’s geographic distribution of small business loans reflects reasonable dispersion
throughout the Non-MSA AA in 2017, including moderate-income CTs. The Non-MSA AA
contains no low-income CTs.
In 2017, PB’s 9.1 percent rate of lending in moderate-income CTs was above the D&B
comparison percentage of 7.3 percent. Aggregate data was not available for comparison in 2017.
PB’s performance under this criterion in both 2016 and 2017 is further supported and mitigated
by the substantial number and percentage of small business loans that were made in distressed
and/or underserved middle-income CTs. In the Non-MSA AA, 13 of the 14 middle-income CTs
are in distressed and/or underserved areas. PB originated 38 loans in middle-income CTs in
2016 and 32 loans in 2017. PB’s performance represents reasonable responsiveness to the credit
needs of small businesses in the bank’s Non-MSA AA, particularly small businesses located in
moderate-income and distressed and/or underserved areas.
Borrower Profile
The distribution of borrowers reflects reasonable penetration throughout the Non-MSA AA. The
bank’s reasonable small business lending supports this conclusion.
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Non-MSA AA in 2016. The second column illustrates the distribution of businesses by
revenue level as estimated by D&B surveys.
33
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Non-MSA
Gross Revenue Level % of
Businesses # % $(000s) %
<=$1,000,000
2016 80.9 32 53.3 1,669 23.0
>1,000,000
2016 4.5 28 46.7 5,577 77.0
Revenue Not Available
2016 14.6 0 0.0 0 0.0
Totals
2016 100.0 60 100.0 7,245 100.0
Source: 2016 D&B Data; 1/1/2016 - 12/31/2016 Bank Data Due to rounding, totals may not add up to 100.0 percent
The bank’s percentage of businesses with GARs of $1 million or less was well below the
demographic comparisons for 2016. However, it should be noted that the demographic
information purely reflects the array of businesses that reported revenues to D&B, and this in
turn serves only as an indication of the variety of different sized businesses that populate the AA.
As such, this information should not be assumed to correlate directly to demand for credit by
qualified commercial applicants. While D&B demographics offer a reasonable indicator of
prospective business clients within the AA, these percentages do not equate to a direct measure
of loan demand or borrowing capacity.
Although not used as direct comparison, examiners also reviewed aggregate lending data
gathered from institutions that are required to report small business data for CRA to better assess
the loan demand. The data for the market as a whole showed loans to businesses with GARs of
$1 million or less represented 54.1 percent of aggregate totals in 2016. These proportions are
more reasonably aligned with PB’s lending activity. Overall, PB’s lending to businesses with
GARs of $1 million or less in the Non-MSA AA is reasonable and consistent with satisfactory
performance.
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Non-MSA AA in 2017. The second column illustrates the distribution of businesses by
revenue level as estimated by D&B surveys.
34
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Non-MSA
Gross Revenue Level % of Businesses # % $(000s) %
<=$1,000,000
2017 80.6 49 63.6 4,187 45.3
>1,000,000
2017 4.7 28 36.4 5,048 54.7
Revenue Not Available
2017 14.7 0 0.0 0 0.0
Totals
2017 100.0 77 100.0 9,234 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data; "--" data not available Due to rounding, totals may not add up to 100.0 percent
In 2017, the bank’s percentage of businesses with GARs of $1 million or less increased to 63.6
percent from the 53.6 percent in 2016. PB’s performance is still below the demographic
comparisons for 2017, but a notable improvement. Despite the improvement, PB’s distribution
of small business loans remains reasonable based on the percentage of loans to businesses with
GARs of $1 million or less.
COMMUNITY DEVELOPMENT TEST
PB’s CD performance demonstrates excellent responsiveness to CD needs in the Non-MSA AA
through CD loans, qualified donations, and CD services, considering the bank’s capacity, and the
availability and need of such opportunities for CD in this AA. PB’s CD activities in the AA for
the review period of May 26, 2015, through the current evaluation date of April 13, 2018, are
detailed in the following sections:
Community Development Loans
PB originated 156 CD loans totaling $34.7 million during the evaluation period. This activity
represents 73.6 percent by number and 52.7 percent by dollar volume of the total CD loans made
during the evaluation period.
Refer to the CAA CD lending section of this evaluation for more detailed information about the
bank’s CD lending.
Qualified Investments and Donations
PB did not grant any CD investments during the review period in the Non-MSA AA.
PB granted 95 qualified donations in the Non-MSA AA totaling $103,000 for the evaluation
period. This activity represents 66.9 percent by number and 70.1 percent by dollar volume of the
35
total qualified donations granted during the evaluation period.
Refer to the CAA-qualified investments and donations for additional information.
Community Development Services
During the evaluation period, bank officers and employees volunteered 2,470 hours to 93
activities within the Non-MSA AA. Of the 2,938 hours spent with 107 total activities in the
CAA, 84.1 percent of the hours and 86.9 percent of the activities were performed in the Non-
MSA AA.
The bank has seven branch offices and four stand-alone ATMs in the Non-MSA AA. Five of the
branches and two of the stand-alone ATMs are located in middle-income distressed and/or
underserved CTs in the Non-MSA AA. One additional branch in the Non-MSA AA is located in
a moderate-income CT. This further supports the bank’s efforts to serve its most disadvantaged
individuals and families to improve their lives. Refer to the CAA CD services section for
additional information on CD services in this AA.
36
METROPOLITAN AREAS EVALUATED USING LIMITED-SCOPE
EXAMINATION PROCEDURES
DESCRIPTION OF INSTITUTION’S OPERATIONS IN THE REDDING MSA
ASSESSMENT AREA
The Redding MSA AA contains whole geographies, does not reflect illegal discrimination, and
does not arbitrarily exclude any LMI geography. The two branches provide the full range of
credit and financial services offered by the bank. Data applicable to the Redding MSA AA
indicate performance that is generally consistent with the respective state analysis. Refer to the
respective state analysis for details. Overall, the bank’s performance in the limited-scope AAs
received less weight in the evaluation than lending and CD performance noted in each full-scope
AA.
Detailed information regarding CD lending, investment, and service activities for each AA
reviewed with limited-scope procedures is included in the CAA analyses.
Economic and Demographic Data
PB operates 2 branches in the Redding MSA AA, which consists of all 48 geographies that
comprise Shasta County, California. The Redding MSA AA includes approximately 25.2
percent of total loans reviewed in the current evaluation and 8.7 percent of total deposits. The
following table reflects select demographic information for the AA based on the 2010 U.S.
Census Data and 2016 D&B Data:
37
Demographic Information of the Assessment Area
Assessment Area: Redding MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 48 0.0 25.0 50.0 25.0 0.0
Population by Geography 177,223 0.0 26.9 51.4 21.7 0.0
Housing Units by Geography 76,782 0.0 28.1 52.0 19.9 0.0
Owner-Occupied Units by
Geography
45,574 0.0 20.8 53.8 25.4 0.0
Occupied Rental Units by
Geography
23,526 0.0 42.3 46.7 11.0 0.0
Vacant Units by Geography 7,682 0.0 27.8 58.1 14.1 0.0
Businesses by Geography 12,292 0.0 34.4 47.8 17.8 0.0
Farms by Geography 519 0.0 23.7 52.6 23.7 0.0
Family Distribution by Income Level 45,805 22.7 18.0 19.1 40.2 0.0
Household Distribution by Income
Level
69,100 24.1 15.9 17.5 42.5 0.0
Median Family Income MSA -
#39820 Redding, CA MSA
$55,456 Median Housing Value $267,273
Median Gross Rent $858
Families Below Poverty Level 12.7%
Source: 2010 U.S. Census and 2016 D&B Data Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
The following table reflects select demographic information for the AA based on the 2015 ACS
Census and 2017 D&B data:
38
Demographic Information of the Assessment Area
Assessment Area: Redding MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 48 0.0 18.8 54.2 27.1 0.0
Population by Geography 178,942 0.0 18.9 57.4 23.6 0.0
Housing Units by Geography 77,790 0.0 19.4 58.4 22.1 0.0
Owner-Occupied Units by
Geography
43,331 0.0 14.3 57.3 28.4 0.0
Occupied Rental Units by
Geography
26,044 0.0 27.7 58.1 14.2 0.0
Vacant Units by Geography 8,415 0.0 20.6 65.1 14.4 0.0
Businesses by Geography 12,617 0.0 20.6 58.5 20.9 0.0
Farms by Geography 516 0.0 16.7 63.0 20.3 0.0
Family Distribution by Income
Level
44,950 21.2 18.0 19.8 41.0 0.0
Household Distribution by Income
Level
69,375 24.2 16.1 17.4 42.4 0.0
Median Family Income MSA -
#39820 Redding, CA MSA
$55,749 Median Housing Value $212,145
Median Gross Rent $940
Families Below Poverty Level 11.1%
Source: 2015 ACS Census and 2017 D&B Data Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
Contrary to the loss of businesses in the Non-MSA AA during the evaluation period, there has
been limited growth of businesses in the Redding MSA from 2016 to 2017 after losses from
2015 to 2016. As shown in the tables above, the 2016 D&B data shows there were 12,272
businesses in the Redding MSA AA and that number increased to 12,617 in 2017 providing a
few more opportunities. However, the 2015 ACS Data also reported an improved income level
in four moderated-income CTs from the 2010 U.S. Census Data. They are now middle-income
CTs, thereby reducing the opportunities of PB to lend in LMI areas in 2017. In addition, one of
the two branches in the Redding MSA AA was in a moderate-income CT that changed to a
middle-income CT in 2017 when the 2015 ACS Data was published.
According to Moody’s Analytics as of March 2018, Redding’s economy has resumed its ascent
and is growing in tandem with California’s economy. BLS data confirms this by showing a
declining trend in the unemployment rates for the Redding MSA, state of California, and the
national average from 2016 to 2017 as shown in the following table:
39
Unemployment Rates: Redding MSA
Area 2016 2017
% %
Redding MSA #39820 – Shasta County
Redding MSA #28420
7.0 5.8
State of California 5.3 4.5
National Average 4.7 4.1
Source: Bureau of Labor Statistics
The Redding MSA labor market improved from 2016 to 2017 with the unemployment rate
dropping 1.2 percent, while the state of California also dropped by a lesser extent by 0.8 percent.
Moody’s analytics also confirms that the labor market in the Redding MSA AA grew in the last
quarter of 2017 and is off to a good start in early 2018. The Redding MSA AA labor market
tends to be higher than the state due to the seasonal agricultural employment, but is currently the
closest it has even been to its state and national counterparts. The top employers in the Redding
MSA AA (from 1,000 to 2,000 employees) include Mercy Medical Center and grocery stores
J&A Food Services and Holiday Markets.
CONCLUSIONS ON PERFORMANCE CRITERIA IN THE REDDING MSA
ASSESSMENT AREA
LENDING TEST
The institution’s performance in the Redding MSA is consistent with the overall performance of
the state of California and the Non-MSA AA. Reasonable Geographic Distribution and
Borrower Profile support this conclusion. Small business lending was the only CRA analysis
performed. PB originated 33 small business loans in 2016 and 44 in 2017.
Geographic Distribution
The following table details PB’s small business lending distribution by CT income level for the
Redding MSA in 2016. The distribution of businesses by CT income level as estimated by D&B
is included in the second column for demographic reference.
40
Geographic Distribution of Small Business Loans
Assessment Area: Redding MSA
Tract Income Level % of Businesses # % $(000s) %
Moderate
2016 34.4 5 15.2 1,487 28.2
Middle
2016 47.8 22 66.7 3,215 61.0
Upper
2016 17.8 6 18.2 570 10.8
Not Available
2016 0.0 0 0.0 0 0.0
Totals
2016 100.0 33 100.0 5,272 100.0
Source: 2016 D&B Data; 1/1/2016 - 12/31/2016 Bank Data Due to rounding, totals may not add up to 100.0 percent
In 2016, PB’s 15.2 percent rate of lending in moderate-income CTs is lower than the D&B
percentage of 34.4 percent. Aggregate data was not used as a direct comparison because it
reflects performance for CRA reporters; however, it was presented to understand competition
and loan demand within the AA. The 2016 aggregate percentage was 30.0 percent which was
also well above PB’s lending rate.
The following table details PB’s small business lending distribution by CT income level for the
Redding MSA AA in 2017. The distribution of businesses by CT income level as estimated by
D&B is included in the second column for demographic reference and is based on the 2017 D&B
data.
41
Geographic Distribution of Small Business Loans
Assessment Area: Redding MSA
Tract Income Level % of Businesses # % $(000s) %
Moderate
2017 20.6 8 18.2 891 14.3
Middle
2017 58.5 29 65.9 3,936 63.0
Upper
2017 20.9 7 15.9 1,424 22.8
Not Available
2017 0.0 0 0.0 0 0.0
Totals
2017 100.0 44 100.0 6,251 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data Due to rounding, totals may not add up to 100.0 percent
Although in 2017, PB’s 18.2 percent rate of lending in moderate-income CTs slightly below the
D&B percentage, it is considered reasonable dispersion. PB’s 2017 performance showed an
upward trend compared to its 2016 performance while D&B’s 20.6 percent showed a significant
downward trend compared to its 2016 percentage. Aggregate data was not available for
comparison in 2017.
Overall PB’s geographic distribution of small business loans reflects reasonable dispersion
throughout the Redding MSA AA.
Borrower Profile
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Redding MSA AA in 2016. The second column illustrates the distribution of businesses by
GARs level as estimated by D&B surveys.
42
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Redding MSA
Gross Revenue Level % of
Businesses # % $(000s) %
<=$1,000,000
2016 85.2 9 27.3 1,305 24.8
>1,000,000
2016 5.9 24 72.7 3,967 75.2
Revenue Not Available
2016 9.8 0 0.0 0 0.0
Totals
2016 100.0 33 100.0 5,272 100.0
Source: 2016 D&B Data; 1/1/2016 - 12/31/2016 Bank Data Due to rounding, totals may not add up to 100.0 percent
The bank’s percentage of businesses with GARs of $1 million or less (at 27.3 percent) is well
below the demographic percentage of 85.2 percent for 2016 in the Redding MSA AA. The 2016
D&B percentage of businesses by number in the AA does not reflect the credit needs of those
businesses. Although not used as direct comparison, examiners also reviewed aggregate lending
data gathered from institutions that are required to report small business data for CRA to better
assess the loan demand in the AA. The aggregate data showed that 52.0 percent of the loans
were made to businesses with GARs of $1 million or less in 2016, which is also above PB’s
lending of 27.3 percent.
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Redding MSA AA in 2017. The second column illustrates the distribution of businesses by
revenue level as estimated by D&B surveys.
43
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Redding MSA
Gross Revenue Level % of Businesses # % $(000s) %
<=$1,000,000
2017 84.9 24 54.5 3,338 53.4
>1,000,000
2017 5.2 20 45.5 2,913 46.6
Revenue Not Available
2017 9.9 0 0.0 0 0.0
Totals
2017 100.0 44 100.0 6,251 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data Due to rounding, totals may not add up to 100.0 percent
PB’s lending to small businesses with GARs of $1 million or less improved significantly from
27.3 in 2016, to 54.5 percent in 2017. While PB’s performance is below the 84.9 percent of
small businesses in the AA, the significant upward trend considered a reasonable penetration to
businesses with GARs $1 million or less.
Overall PB’s distribution of borrowers reflects reasonable penetration among businesses of
different revenue sizes in the Redding MSA AA.
COMMUNITY DEVELOPMENT TEST
PB’s CD Test performance in the Redding MSA AA is below the bank’s performance in the state
of California. While PB’s performance in the Redding MSA AA was considered, it does not
change the conclusions for the state of California. The bank has two branch offices in the
Redding MSA AA. The bank made 20 CD loans totaling $9.5 million, and 19 donations totaling
$11,000 during the review period. Bank personnel did not provide any CD services during the
evaluation period.
DESCRIPTION OF INSTITUTION’S OPERATIONS IN THE SACRAMENTO MSA
ASSESSMENT AREA
The Sacramento MSA AA contains whole geographies, does not reflect illegal discrimination,
and does not arbitrarily exclude any LMI geography. The two branches provide the full range of
credit and financial services offered by the bank. Data applicable to the Sacramento MSA AA
indicate performance that is generally consistent with the respective state analysis. Refer to the
respective state analysis for details. Overall, the bank’s performance in the limited-scope AAs
received less weight in the evaluation than lending performance noted in each full-scope AA.
Detailed information regarding CD lending, investment, and service activities for each AA
reviewed with limited-scope procedures is included in the CAA analyses.
44
Economic and Demographic Data
PB operates 2 branches in the Sacramento AA, which consists of 10 out of 48 geographies that
are part of Placer County. This county is one of the four counties that comprise the Sacramento-
Roseville-Arden-Arcade MSA. The Sacramento MSA AA includes approximately 13.7 percent
of total loans reviewed in the current evaluation and 8.2 percent of total deposits. The following
table reflects select demographic information for the AA based on the 2010 U.S. Census and the
2016 D&B data:
Demographic Information of the Assessment Area
Assessment Area: Sacramento MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 10 0.0 20.0 60.0 20.0 0.0
Population by Geography 16,804 0.0 26.3 58.0 15.8 0.0
Housing Units by Geography 18,410 0.0 17.3 62.4 20.3 0.0
Owner-Occupied Units by
Geography
3,946 0.0 14.0 68.1 17.9 0.0
Occupied Rental Units by Geography 2,077 0.0 48.8 42.0 9.2 0.0
Vacant Units by Geography 12,387 0.0 13.2 64.0 22.9 0.0
Businesses by Geography 1,359 0.0 34.3 48.9 16.8 0.0
Farms by Geography 43 0.0 34.9 53.5 11.6 0.0
Family Distribution by Income Level 3,702 18.8 16.0 22.4 42.8 0.0
Household Distribution by Income
Level
6,023 21.8 15.8 20.7 41.8 0.0
Median Family Income MSA -
#40900 Sacramento--Roseville--
Arden-Arcade, CA MSA
$71,816 Median Housing Value $626,788
Median Gross Rent $1,135
Families Below Poverty Level 4.1%
Source: 2010 U.S. Census and 2016 D&B Data Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
The following table reflects select demographic information for the AA based on the 2015 ACS
Census and 2017 D&B data:
45
There were no material differences between the 2010 U.S. Census Data and the 2017 ACS and
D&B Data related to the income-levels of the 10 CTs and the number of businesses in the AA.
According to Moody’s Analytics as of March 2018, the Sacramento MSA is in excellent
economic conditions, though momentum is slowing in the labor market as businesses struggle to
recruit talent. Job growth over the economy has resumed its ascent and job growth over the last
years exceeds both California and U.S. averages. BLS data confirms this in the following table
by showing the unemployment rate for the Sacramento MSA compared to the state of California
and the national average.
Unemployment Rates: Sacramento MSA
Area 2016 2017
% %
Sacramento MSA #40900 – Placer County 4.5 3.8
State of California 5.3 4.5
National Average 4.7 4.1
Source: Bureau of Labor Statistics
Demographic Information of the Assessment Area
Assessment Area: Sacramento MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 10 0.0 10.0 40.0 50.0 0.0
Population by Geography 14,955 0.0 21.9 42.7 35.4 0.0
Housing Units by Geography 19,773 0.0 10.0 39.6 50.3 0.0
Owner-Occupied Units by
Geography
3,819 0.0 11.6 46.0 42.5 0.0
Occupied Rental Units by
Geography
2,206 0.0 34.4 37.5 28.1 0.0
Vacant Units by Geography 13,748 0.0 5.7 38.2 56.1 0.0
Businesses by Geography 1,350 0.0 9.0 53.8 37.3 0.0
Farms by Geography 41 0.0 17.1 46.3 36.6 0.0
Family Distribution by Income
Level
3,521 22.4 14.6 19.3 43.7 0.0
Household Distribution by Income
Level
6,025 25.2 17.2 18.0 39.7 0.0
Median Family Income MSA -
#40900 Sacramento--Roseville--
Arden-Arcade, CA MSA
$71,829 Median Housing Value $551,190
Median Gross Rent $1,233
Families Below Poverty Level 8.3%
Source: 2015 ACS Census and 2017 D&B Data Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification
46
Healthcare, construction, and state and local government are powering growth. Strengths of the
Sacramento MSA AA include lower living and business costs than the bay area neighbors and its
proximity to the bay area attracts tech and agriculture investments.
CONCLUSIONS ON PERFORMANCE CRITERIA IN THE SACRAMENTO MSA
ASSESSMENT AREA
LENDING TEST
The institution’s performance in the Sacramento MSA is consistent with the overall performance
of the state of California and the Non-MSA AA. Reasonable Geographic Distribution and
Borrower Profile support this conclusion. Small business lending was the only CRA analysis
performed. PB originated 17 small business loans in 2016 and 25 in 2017.
Geographic Distribution
The following table details PB’s small business lending distribution by CT income level for the
Sacramento MSA in 2016. The distribution of businesses by CT income level as estimated by
D&B is included in the second column for demographic reference.
Geographic Distribution of Small Business Loans
Assessment Area: Sacramento MSA
Tract Income Level % of Businesses # % $(000s) %
Moderate
2016 34.3 5 29.4 545 29.9
Middle
2016 48.9 6 35.3 223 12.2
Upper
2016 16.8 6 35.3 1,057 57.9
Not Available
2016 0.0 0 0.0 0 0.0
Totals
2016 100.0 17 100.0 1,826 100.0
Source: 2016 D&B Data; 1/1/2016 - 12/31/2016 Bank Data Due to rounding, totals may not add up to 100.0 Percent
In 2016, PB’s 29.4 percent rate of lending in moderate-income CTs was lower than the D&B
comparison percentage of 34.4 percent. Aggregate data was not used as a direct comparison
because it reflects performance for CRA reporters; however, it was presented to understand
competition and loan demand in the AA. The 2016 aggregate percentage was 24.8 percent,
which was exceeded by PB’s lending at 29.4 percent in moderate-income CTs.
47
The following table details PB’s small business lending distribution by CT income level for the
Sacramento MSA AA in 2017. The distribution of businesses by CT income level as estimated
by D&B is included in the second column for demographic reference and is based on 2017 D&B
data.
Geographic Distribution of Small Business Loans
Assessment Area: Sacramento MSA
Tract Income Level % of Businesses # % $(000s) %
Moderate
2017 9.0 4 16.0 510 10.0
Middle
2017 53.8 14 56.0 2,417 47.2
Upper
2017 37.3 7 28.0 2,190 42.8
Not Available
2017 0.0 0 0.0 0 0.0
Totals
2017 100.0 25 100.0 5,117 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data
Due to rounding, totals may not add up to 100.0 percent
In 2017, PB’s 16.0 percent rate of lending in moderate-income CTs was above the D&B
comparison percentage of 9.0 percent, but showed a declining trend when compared to the 29.4
percent lending rate in 2016. Aggregate data was not available for comparison in 2017.
Overall the geographic distribution of small business loans reflects reasonable dispersion
throughout the Sacramento MSA AA.
Borrower Profile
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Sacramento MSA AA in 2016. The second column illustrates the distribution of businesses
by revenue level as estimated by D&B surveys.
48
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Sacramento MSA
Gross Revenue Level % of Businesses # % $(000s) %
<=$1,000,000
2016 85.9 9 52.9 515 28.2
>1,000,000
2016 6.0 8 47.1 1,311 71.8
Revenue Not Available
2016 8.1 0 0.0 0 0.0
Totals
2016 100.0 17 100.0 1,826 100.0
Source: 2016 D&B Data; 1/1/2016 - 12/31/2016 Bank Data
Due to rounding, totals may not add up to 100.0 percent
The bank’s percentage of businesses with GARs of $1 million or less at 52.9 percent in the
Sacramento AA was well below the demographic comparison at 85.9 for 2016. The 2016 D&B
number of small businesses in the AA does not reflect the credit needs of those businesses.
Although not used as direct comparison, examiners also reviewed aggregate lending data
gathered from institutions that are required to report small business data for CRA to better assess
the loan demand in the AA. The data for the market as a whole showed loans to businesses with
GARs of $1 million or less represented 58.1 percent of aggregate totals in 2016, which is only
slightly above PB’s lending to businesses with GARs of $1 million or less.
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Sacramento MSA AA in 2017. The second column illustrates the distribution of businesses
by revenue level as estimated by D&B surveys.
49
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Sacramento MSA
Gross Revenue Level % of Businesses # % $(000s) %
<=$1,000,000
2017 85.2 11 44.0 1,575 30.8
>1,000,000
2017 6.7 14 56.0 3,542 69.2
Revenue Not Available
2017 8.1 0 0.0 0 0.0
Totals
2017 100.0 25 100.0 5,117 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data; "--" data not available Due to rounding, totals may not add up to 100.0 percent
Although PB’s lending to small businesses with GARs of $1 million or less declined from 52.9
percent in 2016 to 44.0 percent in 2017, two additional loans were made to businesses with
GARs of less than $1 million.
Overall, the distribution of borrowers reflects reasonable penetration of small business loans
among businesses of different revenue sizes in the Sacramento MSA AA.
COMMUNITY DEVELOPMENT TEST
PB’s CD Test performance in the Sacramento MSA AA is consistent with the bank’s
performance in the state of California and full-scope Non-MSA AA. The bank has two branch
offices in the Sacramento MSA AA. One of the two branches is in a moderate-income CT and
one is in a middle-income CT. The bank made 28 CD loans totaling $15.3 million, 18 donations
totaling $13,000, and 13 services performed totaling 452 hours during the review period.
50
STATE OF NEVADA
CRA RATING FOR NEVADA: Satisfactory
The Lending Test is rated: Satisfactory
The CD Test is rated: Satisfactory
SCOPE OF EVALUATION
Examiners conducted a full-scope evaluation of the bank’s performance in the Reno MSA AA,
PB’s only AA in the state of Nevada. Since the bank has no additional AAs in Nevada, the
description of operations and performance under the Lending Test and CD Test for the statewide
analysis are the same as the Reno MSA AA. Refer to the Reno MSA AA full-scope analysis for
performance context information and Lending and CD Test performance.
DESCRIPTION OF INSTITUTION’S OPERATIONS IN NEVADA
PB operated one branch in the Reno MSA that was opened on December 15, 2015. The branch
is in a moderate-income CT. Additional details regarding the Reno MSA AA are contained in
the bank-wide Description of Assessment Area section. Refer to the following description of
PB’s operations in the Reno MSA AA for specific information on PB’s operation and
performance as they pertain to the state of Nevada:
RENO MSA ASSESSMENT AREA FULL-SCOPE EVALUATION
DESCRIPTION OF INSTITUTION’S OPERATIONS IN THE RENO-MSA
ASSESSMENT AREA
The Reno MSA AA contains 16.3 percent of PB’s CRA-applicable loans originated within the
bank’s AAs during the evaluation period, 9.8 percent of the dollar volume of CD loans
originated, as well as 2.1 percent of the total deposits, and 8.3 percent of the total branches. This
AA includes the entirety of Washoe County, Nevada. For additional details regarding the bank’s
operations within the Reno MSA AA, refer to the bank-wide Description of Institution section.
The following sections provide details regarding economic and demographic conditions for the
AA, competition, and information obtained from a community contact:
Demographic and Economic Data
The following table illustrates select demographic characteristics of the Reno MSA AA based on
the 2010 U.S. Census and the 2016 D&B Data, which will be used to analyze PB’s 2016
performance.
51
The following table illustrates select demographic characteristics of the Reno MSA AA based on
the 2015 ACS Census and 2017 D&B Data, which will be used to analyze PB’s 2017
performance.
Demographic Information of the Assessment Area
Assessment Area: Reno MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 111 9.0 21.6 31.5 33.3 4.5
Population by Geography 421,407 10.2 22.5 34.2 33.0 0.1
Housing Units by Geography 181,716 10.6 24.3 32.3 32.8 0.0
Owner-Occupied Units by
Geography
96,853 3.5 15.7 36.7 44.1 0.0
Occupied Rental Units by
Geography
63,944 21.0 37.2 26.4 15.4 0.0
Vacant Units by Geography 20,919 11.3 24.4 30.2 34.1 0.0
Businesses by Geography 23,662 10.6 29.7 21.2 33.4 5.2
Farms by Geography 491 5.5 19.6 30.1 42.6 2.2
Family Distribution by Income Level 101,661 21.0 17.8 20.4 40.8 0.0
Household Distribution by Income
Level
160,797 22.9 17.0 18.6 41.5 0.0
Median Family Income MSA -
39900 Reno, NV MSA
$67,350 Median Housing Value $298,970
Median Gross Rent $958
Families Below Poverty Level 8.5%
Source: 2010 U.S. Census and 2016 D&B Data
Due to rounding, totals may not add up to 100.0 percent
(*) The NA category consists of geographies that have not been assigned an income classification
52
Demographic Information of the Assessment Area
Assessment Area: Reno MSA
Demographic Characteristics # Low
% of #
Moderate
% of #
Middle
% of #
Upper
% of #
NA*
% of #
Geographies (Census Tracts) 112 8.9 17.9 36.6 30.4 6.3
Population by Geography 435,019 8.6 19.1 41.3 29.6 1.4
Housing Units by Geography 186,481 9.8 19.9 38.9 30.3 1.1
Owner-Occupied Units by
Geography
94,470 2.7 12.7 43.6 40.6 0.4
Occupied Rental Units by
Geography
71,875 18.2 29.3 35.1 15.6 1.8
Vacant Units by Geography 20,136 13.1 19.8 29.8 34.8 2.5
Businesses by Geography 24,468 9.1 26.0 27.5 31.6 5.8
Farms by Geography 525 5.9 15.6 38.5 37.9 2.1
Family Distribution by Income Level 102,630 21.1 17.2 20.6 41.0 0.0
Household Distribution by Income
Level
166,345 24.6 15.7 17.5 42.1 0.0
Median Family Income MSA -
#39900 Reno, NV MSA
$65,722 Median Housing Value $219,183
Median Gross Rent $945
Families Below Poverty Level 10.0%
Source: 2015 ACS Census and 2017 D&B Data Due to rounding, totals may not add up to 100.0 percent (*) The NA category consists of geographies that have not been assigned an income classification.
Contrary to the loss of businesses in the Non-MSA AA during the evaluation period, there has
been limited growth of businesses in the Reno MSA from 2016 to 2017. The 2016 D&B data
shows that there were 23,662 businesses in the Reno MSA AA, which increased to 24,468 in
2017, providing a few more opportunities. However, the 2015 ACS Census data also reported an
improved income level in four moderated-income CTs from the 2010 U.S. Census data. They
are now middle-income CTs, thereby reducing the opportunities of PB to lend in LMI areas in
2017. In addition, one CT was added based on the 2015 ACS Census Data and it represents a
CT where income levels are not available.
The demographic data reported in the tables above shows that 40.3 percent of businesses are
located inside LMI areas based on the 2010 U.S. Census and 2016 D&B Data. In 2017, the loss
of moderate-income CTs based on the 2015 ACS Survey and 2017 D&B Data reduced the
percent of businesses located in LMI areas to 35.1 percent.
The following table contains unemployment information for the AA compared to state and
national averages:
53
Unemployment Rates: Reno MSA
Area 2016 2017
% %
Reno MSA #39900 – Washoe County 5.0 4.1
State of Nevada 5.3 4.9
National Average 4.7 4.1
Source: Bureau of Labor Statistics
The unemployment rate has improved significantly during the evaluation period. The Reno
MSA unemployment rate continues to improve over the statewide averages, and is consistent
with national averages.
According to Moody’s Analytics as of March 2018, the year 2017 was marked as a booming
year for the Reno, Nevada economy due to factors such as Tesla’s Gigafactory, an increase in
population, decreased unemployment, and an increase in housing market values. Though 2018 is
seeing less growth than recent years, this is a normal slow-down after tremendous growth.
Moody’s identified Reno as still in “recovery” stage, but projects such as the 2014
announcement by Tesla to build its Gigafactory, has helped facilitate that recovery. The AA has
experienced an increase in employment at a pace faster than the west-coast average. Home
prices have almost doubled over the past five years. The main economic drivers identified by
Moody’s are tourism, logistics, and retirees. The top employers in the county are: the University
of Nevada – Reno, Renown Health, Peppermill Hotel Casino – Reno, and Grand Sierra Hotel and
Casino.
Competition
PB’s Reno MSA AA is in a highly competitive market for financial services. According to the
FDIC Deposit Market Share Report as of June 30, 2017, there were 16 financial institutions that
operated 85 full-service branches within the Reno MSA AA. The majority of deposits are held at
large, national banks operating and competing in the Washoe AA. The bank ranked 14th
out of the
16 institutions with a negligible branch and deposit market share.
Community Contact
As part of this evaluation, examiners reviewed a recent community contact that focused on the
Reno MSA AA and applicable product analyzed under the lending test.
The contact represented a non-profit small business development organization. This community
contact identified the major industries of the area as hospitality, manufacturing, gaming, and
government. The contact informed examiners that the area has recovered considerably since the
recession; however, there is still a lingering effect, such as a significant lack of local housing
stock. There is continued difficulty in securing financing by businesses, but not nearly as
extreme as it was three to four years ago. The biggest opportunity for bank involvement
identified by the contact would be educating the surrounding area about financial tools and
54
opportunities. Banks seem to be better equipped to handle business lending, though an increase
in consumer lending is also needed.
Credit and Community Development Needs and Opportunities
As identified in community contact information shown above, credit and CD needs and
opportunities are present with respect to housing affordability, as well as availability issues,
small business financing, and financial literacy education.
The contact indicated that access to credit was still a need for starting or expanding small
businesses. In addition, the lack of financial education of many of these potential or current
small business owners is another concern. The contact indicated that many of these businesses
would be more successful if they had access to financial education.
The contact also indicated that CD loans and investments are needed to address the lack of
affordable housing stock. During the evaluation period, it is notable that CD activities of PB
focused primarily on economic development and revitalization and stabilization, with only
minimal affordable housing lending and no investments directed to affordable housing.
Since PB is a preferred SBA lender, it has a unique opportunity to be a leader in providing small
business loans for economic development.
CONCLUSIONS ON PERFORMANCE CRITERIA IN THE RENO MSA ASSESSMENT
AREA
LENDING TEST
PB demonstrated reasonable performance under the Lending Test in the Reno MSA. Reasonable
Geographic Distribution and Borrower Profile support this conclusion. The institution’s
performance in the Reno MSA AA equals the bank’s statewide performance, as it is the sole AA
in the state of Nevada.
Geographic Distribution
The geographic distribution of loans reflects a reasonable dispersion throughout the Reno MSA
AA. The bank’s reasonable performance in small business lending supports this conclusion.
Examiners focused primarily on the percentage by number of loans in LMI CTs.
The following table details PB’s small business lending distribution by CT income level for the
Reno MSA in 2016. The distribution of businesses by CT income level as estimated by D&B is
included in the second column for demographic reference.
55
Geographic Distribution of Small Business Loans
Assessment Area: Reno MSA
Tract Income Level % of Businesses # % $(000s) %
Low
2016 10.6 0 0.0 0 0.0
Moderate
2016 29.7 9 50.0 2,459 51.3
Middle
2016 21.2 4 22.2 783 16.3
Upper
2016 33.4 4 22.2 1,427 29.8
Not Available
2016 5.2 1 5.6 125 2.6
Totals
2016 100.0 18 100.0 4,794 100.0
Source: 2016 D&B Data; 1/1/2016 - 12/31/2016 Bank Data Due to rounding, totals may not add up to 100.0 percent
PB’s distribution of small business loans reflects reasonable dispersion throughout the Reno
MSA AA due to adequate percentages of loans in LMI geographies.
In 2016, PB’s had no lending in low-income CTs, while the D&B comparison percentage was
10.7 percent of businesses operating in low-income CTs. However, among moderate-income
CTs, PB’s percentage was 50.0 percent for 2016. This percentage was significantly above the
D&B reported data of 29.7 percent for 2016.
Although not used as direct comparison, to provide additional perspective, examiners reviewed
aggregate data from institutions that reported their small business loans within the Reno MSA
AA. This data showed low-income CT proportions of 7.5 percent for 2016. This percentage
indicates that PB performed consistently below the market performance for lending in low-
income CTs during the evaluation period. The aggregate market lending in moderate-income
CTs was 26.0 percent for 2016. PB’s percentages significantly exceeded the market
performance. Overall, PB’s moderate-income CT performance was significantly higher than the
demographics and the market by a substantial percent. Despite PB’s lack of originations in low-
income CTs, when used in conjunction with the bank’s percentages in moderate-income CTs, its
distribution of small business loans reflects reasonable dispersion among LMI CTs in the Reno
MSA AA.
The following table details PB’s small business lending distribution by CT income level for the
Reno MSA in 2017. The distribution of businesses by CT income level as estimated by D&B is
included in the second column for demographic reference.
56
Geographic Distribution of Small Business Loans
Assessment Area: Reno MSA
Tract Income Level % of Businesses # % $(000s) %
Low
2017 9.1 3 9.4 605 7.4
Moderate
2017 26.0 13 40.6 4,088 50.0
Middle
2017 27.5 7 21.9 1,482 18.1
Upper
2017 31.6 9 28.1 2,004 24.5
Not Available
2017 5.8 0 0.0 0 0.0
Totals
2017 100.0 32 100.0 8,179 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data Due to rounding, totals may not add up to 100.0 percent
PB improved lending in low-income CTs in 2017 by originating three small business loans. The
percentage of small business loans at 9.4 percent slightly exceeded the percentage of businesses
at 9.1 percent in low-income CTs.
Although the percent of small business lending decreased from 50.0 percent in 2016 to 40.6
percent in 2017 in moderate-income CTs, the number of loans originated increased from 9 in
2016 to 13 in 2017 and exceeded the demographic percentage of businesses in moderate-income
CTs at 26.0 percent.
Overall, PB’s geographic distribution of small business loans reflects reasonable dispersion
throughout the Reno MSA AA.
Borrower Profile
The distribution of borrowers reflects reasonable penetration of small business loans among
businesses of different revenue sizes in the Reno MSA AA. The bank’s reasonable small
business lending supports this conclusion.
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Reno MSA AA in 2016. The second column illustrates the distribution of businesses by
revenue level as estimated by D&B surveys.
57
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Reno MSA
Gross Revenue Level % of
Businesses # % $(000s) %
<=$1,000,000
2016 80.4 13 72.2 2,,816 58.7
>1,000,000
2016 7.4 5 27.8 1,979 41.3
Revenue Not Available
2016 12.2 0 0.0 0 0.0
Totals
2016 100.0 18 100.0 4,794 100.0
Source: 2015 & 2016 D&B Data; 1/1/2015 - 12/31/2016 Bank Data Due to rounding, totals may not add up to 100.0 percent
PB’s distribution of small business loans is reasonable based on the adequate percentage of loans
to businesses with GARs of $1 million or less in the Reno MSA AA.
PB’s lending at 72.2 percent to businesses with GARs of $1 million or less in the Reno AA was
moderately below the demographic comparisons at 80.4 percent for 2016. However, as
previously stated, the demographic information cannot be assumed to correlate directly to
demand for credit by qualified commercial applicants.
Although not used as direct comparison, examiners also reviewed aggregate lending data
gathered from institutions required to report their CRA small business data. This aggregate data
showed that loans to businesses with GARs of $1 million or less represented 54.2 percent of
aggregate totals in 2016. The proportions show that PB percentage of 72.2 percent for 2016 is
well above the actual lending activity of CRA reporters in the market.
The following table details PB’s rate of lending to businesses with GARs of $1 million or less in
the Reno MSA AA in 2017. The second column illustrates the distribution of businesses by
revenue level as estimated by D&B surveys.
58
Distribution of Small Business Loans by Gross Annual Revenue Category
Assessment Area: Reno MSA
Gross Revenue Level % of Businesses # % $(000s) %
<=$1,000,000
2017 80.3 16 50.0 4,368 53.4
>1,000,000
2017 7.5 16 50.0 3,811 46.6
Revenue Not Available
2017 12.2 0 0.0 0 0.0
Totals
2017 100.0 32 100.0 8,179 100.0
Source: 2017 D&B Data; 1/1/2017 - 12/31/2017 Bank Data Due to rounding, totals may not add up to 100.0 percent
PB’s rate of lending to businesses with GARs of $1 million or less declined from 72.2 percent in
2016 to 50.0 percent in 2017. Nevertheless, the performance is considered reasonable and
generally consistent with the CAA.
COMMUNITY DEVELOPMENT TEST
PB’s CD performance demonstrates adequate responsiveness to CD needs in the Reno MSA AA
through CD loans, qualified donations, and CD services, considering the bank’s capacity, and the
availability and need of such opportunities for CD in this AA. Even though this performance is
inconsistent with the CAA, this one Nevada AA did not receive sufficient weight to reduce the
overall outstanding rating. Further, this is a new AA for the bank since the prior evaluation and
has been open only slightly more than two years. PB’s CD activities in the AA for the review
period of December 15, 2015, when the branch opened through the current evaluation date of
April 13, 2018, are detailed in the following sections.
Community Development Lending
PB originated 8 CD loans totaling $6.4 million in the Reno MSA AA for the evaluation period.
This activity represents 3.8 percent by number and 9.7 percent by dollar volume of the total CD
loans made during the evaluation period.
Refer to the CAA CD lending section of this evaluation for more detailed information.
Qualified Investments and Donations
PB did not grant any CD investments during the review period in the Reno MSA AA. PB
granted 10 qualified donations totaling $20,000 for the evaluation period. This activity
represents 7.0 percent by number and 13.6 percent by dollar volume of the total qualified
donations granted in the CAA.
59
Refer to the CAA qualified investments and donations for additional information.
Community Development Services
During the evaluation period, bank officers and employees volunteered 16 hours to 1 activity
within the AA. Of the 2,938 hours spent with 107 total activities in the CAA, a negligible
percent of the hours and activities were performed in the Reno MSA AA. The bank has only one
branch office in the Reno MSA AA. In addition, the branch has been open only slightly more
than two years.
Refer to the CAA CD services for additional information.
60
APPENDIX
Plumas Bank
Scope of Examination: Full-Scope Intermediate Small Bank Examination Procedures
State of California
State of Nevada
Time Period Reviewed: 05/26/2015 to 4/13/2018
Products Reviewed:
Small Business Loans: January 1, 2016 – December 31, 2017
List of Assessment Areas and Type of Evaluation
Rated Area/
Assessment Area Type of Evaluation Branches Visited Other Information
State of California:
Non-MSA
Redding MSA
Sacramento MSA
State of Nevada:
Reno MSA
Full-scope
Limited-scope
Limited Scope
Full-scope
None
None
None
None
None
None
None
None
Rated Areas’ Ratings
Rated Area’s Name Overall Rated Area’s Rating
California Satisfactory
Nevada Satisfactory
61
GLOSSARY
Aggregate Lending: The number of loans originated and purchased by all reporting lenders in
specified income categories as a percentage of the aggregate number of loans originated and
purchased by all reporting lenders in the metropolitan area/assessment area.
Area Median Income: The median family income for the MSA, if a person or geography is
located in an MSA; or the statewide nonmetropolitan median family income, if a person or
geography is located outside an MSA.
Assessment Area: A geographic area delineated by the bank under the requirements of the
Community Reinvestment Act.
Census Tract: A small, relatively permanent statistical subdivision of a county or equivalent
entity. The primary purpose of census tracts is to provide a stable set of geographic units for the
presentation of statistical data. Census tracts generally have a population size between 1,200 and
8,000 people, with an optimum size of 4,000 people. Census tract boundaries generally follow
visible and identifiable features, but they may follow nonvisible legal boundaries in some
instances. State and county boundaries always are census tract boundaries.
Combined Statistical Area (CSA): A combination of several adjacent metropolitan statistical
areas or micropolitan statistical areas or a mix of the two, which are linked by economic ties.
Community Development: For loans, investments, and services to qualify as community
development activities, their primary purpose must:
(1) Support affordable housing for low- and moderate-income individuals;
(2) Target community services toward low- and moderate-income individuals;
(3) Promote economic development by financing small businesses or farms;
(4) Provide activities that revitalize or stabilize low- and moderate-income geographies,
designated disaster areas, or distressed or underserved nonmetropolitan middle-income
geographies; or
(5) Enable or facilitate projects or activities that address needs regarding foreclosed or
abandoned residential properties in designated target areas.
Community Development Corporation (CDC): A CDC allows banks and holding companies
to make equity type of investments in community development projects. Bank CDCs can
develop innovative debt instruments or provide near-equity investments tailored to the
development needs of the community. Bank CDCs are also tailored to their financial and
marketing needs. A CDC may purchase, own, rehabilitate, construct, manage, and sell real
property. Also, it may make equity or debt investments in development projects and in local
businesses. The CDC activities are expected to directly benefit low- and moderate-income
groups, and the investment dollars should not represent an undue risk on the banking
organization.
62
Community Development Financial Institutions (CDFIs): CDFIs are private intermediaries
(either for profit or nonprofit) with community development as their primary mission. A CDFI
facilitates the flow of lending and investment capital into distressed communities and to
individuals who have been unable to take advantage of the services offered by traditional
financial institutions. Some basic types of CDFIs include community development banks,
community development loan funds, community development credit unions, micro enterprise
funds, and community development venture capital funds.
A certified CDFI must meet eligibility requirements. These requirements include the following:
Having a primary mission of promoting community development;
Serving an investment area or target population;
Providing development services;
Maintaining accountability to residents of its investment area or targeted population
through representation on its governing board of directors, or by other means;
Not constituting an agency or instrumentality of the United States, of any state or
political subdivision of a state.
Community Development Loan: A loan that
(1) Has as its primary purpose community development; and
(2) Except in the case of a wholesale or limited purpose bank:
(i) Has not been reported or collected by the bank or an affiliate for consideration in the
bank’s assessment area as a home mortgage, small business, small farm, or consumer
loan, unless it is a multifamily dwelling loan (as described in Appendix A to Part 203
of this title); and
(ii) Benefits the bank’s assessment area(s) or a broader statewide or regional area
including the bank’s assessment area(s).
Community Development Service: A service that
(1) Has as its primary purpose community development;
(2) Is related to the provision of financial services; and
(3) Has not been considered in the evaluation of the bank’s retail banking services under §
345.24(d).
Consumer Loan(s): A loan(s) to one or more individuals for household, family, or other
personal expenditures. A consumer loan does not include a home mortgage, small business, or
small farm loan. This definition includes the following categories: motor vehicle loans, credit
card loans, home equity loans, other secured consumer loans, and other unsecured consumer
loans.
Core Based Statistical Area (CBSA): The county or counties or equivalent entities associated
with at least one core (urbanized area or urban cluster) of at least 10,000 population, plus
adjacent counties having a high degree of social and economic integration with the core as
measured through commuting ties with the counties associated with the core. Metropolitan and
Micropolitan Statistical Areas are the two categories of CBSAs.
63
Distressed Middle-Income Nonmetropolitan Geographies: A nonmetropolitan middle-
income geography will be designated as distressed if it is in a county that meets one or more of
the following triggers:
(1) An unemployment rate of at least 1.5 times the national average;
(2) A poverty rate of 20 percent or more; or
(3) A population loss of 10 percent or more between the previous and most recent decennial
census or a net migration loss of 5 percent or more over the 5-year period preceding the
most recent census.
Family: Includes a householder and one or more other persons living in the same household
who are related to the householder by birth, marriage, or adoption. The number of family
households always equals the number of families; however, a family household may also include
non-relatives living with the family. Families are classified by type as either a married-couple
family or other family. Other family is further classified into “male householder” (a family with
a male householder and no wife present) or “female householder” (a family with a female
householder and no husband present).
Family Income: Includes the income of all members of a family that are age 15 and older.
FFIEC-Estimated Income Data: The Federal Financial Institutions Examination Council
(FFIEC) issues annual estimates which update median family income from the metropolitan and
nonmetropolitan areas. The FFIEC uses American Community Survey data and factors in
information from other sources to arrive at an annual estimate that more closely reflects current
economic conditions.
Full-Scope Review: A full-scope review is accomplished when examiners complete all
applicable interagency examination procedures for an assessment area. Performance under
applicable tests is analyzed considering performance context, quantitative factors (for example,
geographic distribution, borrower profile, and total number and dollar amount of investments),
and qualitative factors (for example, innovativeness, complexity, and responsiveness).
Geography: A census tract delineated by the United States Bureau of the Census in the most
recent decennial census.
Home Mortgage Disclosure Act (HMDA): The statute that requires certain mortgage lenders
that do business or have banking offices in a metropolitan statistical area to file annual summary
reports of their mortgage lending activity. The reports include such data as the race, gender, and
the income of applicants; the amount of loan requested; and the disposition of the application
(approved, denied, and withdrawn).
Home Mortgage Disclosure Loan Application Register (HMDA LAR): The HMDA LARs
record all applications received for residential purchase, refinance, home improvement, and
temporary-to-permanent construction loans.
64
Home Mortgage Loans: Includes home purchase and home improvement loans as defined in
the HMDA regulation. This definition also includes multi-family (five or more families)
dwelling loans, loans to purchase manufactured homes, and refinancings of home improvement
and home purchase loans.
Household: Includes all persons occupying a housing unit. Persons not living in households are
classified as living in group quarters. In 100 percent tabulations, the count of households always
equals the count of occupied housing units.
Household Income: Includes the income of the householder and all other persons that are age
15 and older in the household, whether related to the householder or not. Because many
households are only one person, median household income is usually less than median family
income.
Housing Unit: Includes a house, an apartment, a mobile home, a group of rooms, or a single
room that is occupied as separate living quarters.
Limited-Scope Review: A limited scope review is accomplished when examiners do not
complete all applicable interagency examination procedures for an assessment area.
Performance under applicable tests is often analyzed using only quantitative factors (for
example, geographic distribution, borrower profile, total number and dollar amount of
investments, and branch distribution).
Low-Income: Individual income that is less than 50 percent of the area median income, or a
median family income that is less than 50 percent in the case of a geography.
Low Income Housing Tax Credit: The Low-Income Housing Tax Credit Program is a housing
program contained within the Internal Revenue Code of 1986, as amended. It is administered by
the U.S. Department of the Treasury and the Internal Revenue Service. The U.S. Treasury
Department distributes low-income housing tax credits to housing credit agencies through the
Internal Revenue Service. The housing agencies allocate tax credits on a competitive basis.
Developers who acquire, rehabilitate, or construct low-income rental housing may keep their tax
credits. Or, they may sell them to corporations or investor groups, who, as owners of these
properties, will be able to reduce their own federal tax payments. The credit can be claimed
annually for ten consecutive years. For a project to be eligible, the developer must set aside a
specific percentage of units for occupancy by low-income residents. The set-aside requirement
remains throughout the compliance period, usually 30 years.
Market Share: The number of loans originated and purchased by the institution as a percentage
of the aggregate number of loans originated and purchased by all reporting lenders in the
metropolitan area/assessment area.
Median Income: The median income divides the income distribution into two equal parts, one
having incomes above the median and other having incomes below the median.
65
Metropolitan Division (MD): A county or group of counties within a CBSA that contain(s) an
urbanized area with a population of at least 2.5 million. A MD is one or more main/secondary
counties representing an employment center or centers, plus adjacent counties associated with
the main/secondary county or counties through commuting ties.
Metropolitan Statistical Area (MSA): CBSA associated with at least one urbanized area
having a population of at least 50,000. The MSA comprises the central county or counties or
equivalent entities containing the core, plus adjacent outlying counties having a high degree of
social and economic integration with the central county or counties as measured through
commuting.
Micropolitan Statistical Area: CBSA associated with at least one urbanized area having a
population of at least 10,000, but less than 50,000.
Middle-Income: Individual income that is at least 80 percent and less than 120 percent of the
area median income, or a median family income that is at least 80 and less than 120 percent in
the case of a geography.
Moderate-Income: Individual income that is at least 50 percent and less than 80 percent of the
area median income, or a median family income that is at least 50 and less than 80 percent in the
case of a geography.
Multi-family: Refers to a residential structure that contains five or more units.
Nonmetropolitan Area: All areas outside of metropolitan areas. The definition of
nonmetropolitan area is not consistent with the definition of rural areas. Urban and rural
classifications cut across the other hierarchies. For example, there is generally urban and rural
territory within metropolitan and nonmetropolitan areas.
Owner-Occupied Units: Includes units occupied by the owner or co-owner, even if the unit has
not been fully paid for or is mortgaged.
Qualified Investment: A lawful investment, deposit, membership share, or grant that has as its
primary purpose community development.
Rated Area: A rated area is a state or multistate metropolitan area. For an institution with
domestic branches in only one state, the institution’s CRA rating would be the state rating. If an
institution maintains domestic branches in more than one state, the institution will receive a
rating for each state in which those branches are located. If an institution maintains domestic
branches in two or more states within a multistate metropolitan area, the institution will receive a
rating for the multistate metropolitan area.
Rural Area: Territories, populations, and housing units that are not classified as urban.
66
Small Business Investment Company (SBIC): SBICs are privately-owned investment
companies which are licensed and regulated by the Small Business Administration
(SBA). SBICs provide long-term loans and/or venture capital to small firms. Because money
for venture or risk investments is difficult for small firms to obtain, SBA provides assistance to
SBICs to stimulate and supplement the flow of private equity and long-term loan funds to small
companies. Venture capitalists participate in the SBIC program to supplement their own private
capital with funds borrowed at favorable rates through SBA’s guarantee of SBIC debentures.
These SBIC debentures are then sold to private investors. An SBIC’s success is linked to the
growth and profitability of the companies that it finances. Therefore, some SBICs primarily
assist businesses with significant growth potential, such as new firms in innovative
industries. SBICs finance small firms by providing straight loans and/or equity-type
investments. This kind of financing gives them partial ownership of those businesses and the
possibility of sharing in the companies’ profits as they grow and prosper.
Small Business Loan: A loan included in “loans to small businesses” as defined in the
Consolidated Report of Condition and Income (Call Report). These loans have original amounts
of $1 million or less and are either secured by nonfarm nonresidential properties or are classified
as commercial and industrial loans.
Small Farm Loan: A loan included in “loans to small farms” as defined in the instructions for
preparation of the Consolidated Report of Condition and Income (Call Report). These loans
have original amounts of $500,000 or less and are either secured by farmland, including farm
residential and other improvements, or are classified as loans to finance agricultural production
and other loans to farmers.
Underserved Middle-Income Nonmetropolitan Geographies: A nonmetropolitan middle-
income geography will be designated as underserved if it meets criteria for population size,
density, and dispersion indicating the area’s population is sufficiently small, thin, and distant
from a population center that the tract is likely to have difficulty financing the fixed costs of
meeting essential community needs.
Upper-Income: Individual income that is 120 percent or more of the area median income, or a
median family income that is 120 percent or more in the case of a geography.
Urban Area: All territories, populations, and housing units in urbanized areas and in places of
2,500 or more persons outside urbanized areas. More specifically, “urban” consists of territory,
persons, and housing units in places of 2,500 or more persons incorporated as cities, villages,
boroughs (except in Alaska and New York), and towns (except in the New England states, New
York, and Wisconsin).
“Urban” excludes the rural portions of “extended cities”; census designated place of 2,500 or
more persons; and other territory, incorporated or unincorporated, including in urbanized areas.
Plumas Bank Assessment Area - Modoc County
Modoc CA
3
2
4
1
Tract IncomeInside - Low
Inside - Moderate
Inside - Middle
Inside - Upper
Inside - Unclassified
Outside - Low
Outside - Moderate
Outside - Middle
Outside - Upper
Outside - Unclassified
71
Plumas Bank Assessment Area - Nevada, Sierra & Placer Counties
100
202
9
24
411
2.01
220.13
220.14
9803
7.01
9900
2
8.01
4.02
220.11
409.02
216.04
1.03
9802
220.02
221
12.05
16
3
7.02
33.09
1.05
23.02
219.01
26.12
218.01
12.04
8.02
201.05
223
23.01
219.02
26.13
222
201.04
201.06
12.03
1.02
4.01
33.08
26.03
17
12.06
6
1.04
5.02
5.01
201.07
24.
24.09
26.
33.07
24
33.05
Sierra CA
Placer CA
Nevada CA
Tract IncomeInside - Low
Inside - Moderate
Inside - Middle
Inside - Upper
Inside - Unclassified
Outside - Low
Outside - Moderate
Outside - Middle
Outside - Upper
Outside - Unclassified
72
Plumas Bank Assessment Area - Lassen, Shasta & Plumas Counties
Lassen CA
Shasta CA
Tehama CA
401
Plumas CA
Butte CA
Glenn CA
3
1
103
100
126.01
402
4
124
406
2.02
1.01
127.02
1251.02
24
127.01
5.02
126.03
126.04
16
404
15
2.01
5.01
17.04
14
9
2
403.02
11
10
403.05
105.01
405
25
102
8
403.03
37
118.03
123.02
26.18
123.03
9802
119
116
122
110.01
118.02
23.02
115
26.12
118.01
17.02
23.0126.02
26.13
104
106.03
26.19
123.01
108.07
9.01
6
7
27
26.11
107.02
18
121.02120
117.03
21
108.05
19
5
12
20
29
4.02
111
106.01
117.01
9.04
26.15
13
15
403.04
1.03
114.01
24.11
101
6.04
Tract IncomeInside - Low
Inside - Moderate
Inside - Middle
Inside - Upper
Inside - Unclassified
Outside - Low
Outside - Moderate
Outside - Middle
Outside - Upper
Outside - Unclassified
73
74
Plumas Bank Assessment Area 4Washoe County
105
9601
35.01
9501
401
3
100
2
402
4
9506
4
3
406
2.02
9402
9
9507
5.02
9602.02
9702
9602.01
411
9603.03
9901
404
9505
2.01
220.13
220.14
9803
403.02
7.01
9900
403.05
10.02
8.01
405
32.02
1
4.02
9601.01
220.11
9601.03
3
35.1526.18
9603.02
9802
221
12.05
39900
7.02
23.02
32.03
26.12
10.13
4
950422.10
12.04
8.02
1
8
26.13
222
27.05
21.03
33.08
35.13
9503.0211.05
15.01
80
80
WASHOE
PERSHING
HUMBOLDTMODOC
LASSEN
PLUMAS
PLACER
SIERRA
LYON
CHURCHILL
STOREY
0 10 20 30
Miles
Legend
Branch
Tract Income LevelInside - LowInside - ModerateInside - MiddleInside - UpperInside - UnclassifiedOutside - LowOutside - ModerateOutside - MiddleOutside - UpperOutside - Unclassified
75
CA State-County-Tract County Name Community Location Branch/ATM Location Address
06 035 0401.00 Lassen Madeline Plains
06 035 0402.00 Lassen Westwood 315 Birch St., Westwood 96137 ATM
06 035 0403.02 Lassen S Susanville
06 035 0403.03 Lassen NE Susanville
06 035 0403.04 Lassen Central Susanville 3000 Riverside Dr., Susanville 96130
06 035 0403.05 Lassen N Susanville
06 035 0404.00 Lassen Standish
06 035 0405.00 Lassen Janesville
06 035 0406.00 Lassen Honey Lake
06 049 0001.00 Modoc Alturas 510 N. Main St., Alturas 96101
06 049 0002.00 Modoc Tule Lake
06 049 0003.00 Modoc West Modoc
06 049 0004.00 Modoc Surprise Valley 502 Main St., Cedarville, 96104 ATM
06 057 0009.00 Nevada NW Nevada County
06 057 0012.03 Nevada W Truckee
06 057 0012.04 Nevada Donner Lake
06 057 0012.05 Nevada E Truckee
06 057 0012.06 Nevada Central Truckee 11638 Donner Pass Rd., Truckee 96161
06 061 0201.04 Placer Lake Forest
06 061 0201.05 Placer Carnelian Bay
06 061 0201.06 Placer Tahoe Vista
06 061 0201.07 Placer Kings Beach 8475 North Lake Blvd., Kings Beach 96143
06 061 0220.11 Placer S Truckee
06 061 0220.13 Placer W Placer County
06 061 0220.14 Placer Central Placer County
06 061 0221.00 Placer West Shore
06 061 0222.00 Placer Tahoe City 215 North Lake Blvd., Tahoe City 96145
06 061 0223.00 Placer Homewood06 061 9900 00 Placer
06 063 0001.00 Plumas Quincy 336 West Main St., Quincy 95971
06 063 0002.01 Plumas Graeagle 7597 Highway 89., Graeagle 96103 ATM
06 063 0002.02 PlumasCromberg/Meadow Valley
06 063 0003.00 Plumas Portola 120 North Pine St., Portola 96122
06 063 0004.00 Plumas Greenville 121 Crescent St., Greenville 95947
06 063 0005.01 Plumas Chester 255 Main St., Chester 96020
06 063 0005.02 Plumas Lake Almanor
Plumas Bank
Based on 2015 Census CRA Assessment Area Tracts for 2019 - Abbreviated
3/9/2017
76
CA State-County-Tract County Name Community Location Branch/ATM Location Address
06 091 0100.00 Sierra Sierra County 604 Main St., Loyalton, CA 96118 ATM
06 089 0101.00 Shasta Central Redding
06 089 0102.00 Shasta Central Redding
06 089 0103.00 Shasta Central Redding
06 089 0104.00 Shasta Central Redding
06 089 0105.00 Shasta Central Redding
06 089 0106.01 Shasta Greater Redding
06 089 0106.02 Shasta Greater Redding
06 089 0106.03 Shasta Greater Redding
06 089 0107.02 Shasta Greater Redding
06 089 0107.03 Shasta Greater Redding
06 089 0107.04 Shasta Greater Redding
06 089 0108.03 Shasta Greater Redding 1335 Hilltop Drive, Redding CA 96003
06 089 0108.04 Shasta Greater Redding
06 089 0108.05 Shasta Greater Redding
06 089 0108.06 Shasta Greater Redding
06 089 0108.07 Shasta Greater Redding
06 089 0109.00 Shasta Greater Redding
06 089 0110.01 Shasta
06 089 0110.02 Shasta
06 089 0111.00 Shasta Girvan
06 089 0112.09 Shasta
06 089 0113.00 Shasta Enterprise
06 089 0114.01 Shasta
06 089 0114.02 Shasta
06 089 0114.03 Shasta
06 089 0115.00 Shasta Pacheco
06 089 0116.00 Shasta
06 089 0117.01 Shasta Shasta Lake
06 089 0117.02 Shasta Shasta Lake
06 089 0117.03 Shasta Shasta Lake
06 089 0118.01 Shasta
06 089 0118.02 Shasta
06 089 0118.03 Shasta
06 089 0119.00 Shasta Palo Cedro
06 089 0120.00 Shasta
06 089 0121.01 Shasta Anderson
06 089 0121.02 Shasta Anderson
06 089 0122.00 Shasta Cottonwood
06 089 0123.01 Shasta
06 089 0123.02 Shasta
06 089 0123.03 Shasta
06 089 0124.00 Shasta French Gulch
06 089 0125.00 Shasta Lakehead/Lakeshore
06 089 0126.01 Shasta Montgomery Creek
06 089 0126.03 Shasta Shingletown
06 089 0126.04 Shasta
06 089 0127.01 Shasta Burney06 089 0127.02 Shasta Fall River Mills 43163 Highway 299 E., Fall River Mills 96028
32 031 0001.01 Washoe
32 031 0001.02 Washoe
32 031 0002.01 Washoe
32 031 0002.02 Washoe
32 031 0003.00 Washoe
32 031 0004.00 Washoe 3/9/2017
77
CA State-County-Tract County Name Community Location Branch/ATM Location Address
32 031 0007.00 Washoe
32 031 0009.00 Washoe
32 031 0010.05 Washoe
32 031 0010.08 Washoe
32 031 0010.09 Washoe
32 031 0010.10 Washoe
32 031 0010.11 Washoe
32 031 0010.12 Washoe
32 031 0010.13 Washoe
32 031 0010.14 Washoe
32 031 0010.15 Washoe
32 031 0011.01 Washoe
32 031 0011.03 Washoe
32 031 0011.04 Washoe
32 031 0011.05 Washoe
32 031 0012.01 Washoe
32 031 0012.02 Washoe
32 031 0013.00 Washoe
32 031 0014.00 Washoe
32 031 0015.01 Washoe
32 031 0015.02 Washoe
32 031 0017.01 Washoe
32 031 0017.02 Washoe
32 031 0018.01 Washoe
32 031 0018.02 Washoe
32 031 0019.01 Washoe
32 031 0019.02 Washoe
32 031 0021.03 Washoe
32 031 0021.04 Washoe
32 031 0021.05 Washoe
32 031 0021.06 Washoe
32 031 0021.07 Washoe
32 031 0022.04 Washoe Reno 5050 Meadowood Mall Circle, Reno, NV 89502
32 031 0022.05 Washoe
32 031 0022.06 Washoe
32 031 0022.07 Washoe
32 031 0022.08 Washoe
32 031 0022.09 Washoe
32 031 0022.10 Washoe
32 031 0022.11 Washoe
32 031 0022.12 Washoe
32 031 0023.01 Washoe
32 031 0023.02 Washoe
32 031 0024.01 Washoe
32 031 0024.06 Washoe
32 031 0024.07 Washoe
32 031 0024.08 Washoe
32 031 0024.09 Washoe
32 031 0024.10 Washoe
32 031 0024.11 Washoe
32 031 0024.12 Washoe
32 031 0025.00 Washoe
32 031 0026.03 Washoe
32 031 0026.10 Washoe
32 031 0026.11 Washoe 3/9/2017
78
CA State-County-Tract County Name Community Location Branch/ATM Location Address
32 031 0026.12 Washoe
32 031 0026.13 Washoe
32 031 0026.14 Washoe
32 031 0026.15 Washoe
32 031 0026.16 Washoe
32 031 0026.17 Washoe
32 031 0026.18 Washoe
32 031 0026.19 Washoe
32 031 0027.03 Washoe
32 031 0027.04 Washoe
32 031 0027.05 Washoe
32 031 0027.06 Washoe
32 031 0027.07 Washoe
32 031 0028.01 Washoe
32 031 0028.02 Washoe
32 031 0029.01 Washoe
32 031 0029.02 Washoe
32 031 0030.00 Washoe
32 031 0031.01 Washoe
32 031 0031.05 Washoe
32 031 0031.06 Washoe
32 031 0031.08 Washoe
32 031 0031.09 Washoe
32 031 0031.10 Washoe
32 031 0032.02 Washoe
32 031 0032.03 Washoe
32 031 0032.04 Washoe
32 031 0033.05 Washoe
32 031 0033.06 Washoe
32 031 0033.07 Washoe
32 031 0033.08 Washoe
32 031 0033.09 Washoe
32 031 0035.01 Washoe
32 031 0035.03 Washoe
32 031 0035.04 Washoe
32 031 0035.07 Washoe
32 031 0035.08 Washoe
32 031 0035.09 Washoe
32 031 0035.10 Washoe
32 031 0035.11 Washoe
32 031 0035.12 Washoe
32 031 0035.13 Washoe
32 031 0035.14 Washoe
32 031 0035.15 Washoe
32 031 9402.00 Washoe
32 031 9800.00 Washoe
32 031 9801.00 Washoe
32 031 9802.00 Washoe
32 031 9803.00 Washoe
32 031 9900.00 Washoe32 031 9900.01 Washoe
32 031 9901.00 Washoe
32 510 0001.00 Carson City 1101 N. Carson Street, Carson City, NV 89701
32 051 0002.00 Carson City
32 051 0003.00 Carson City 3/9/2017
79
CA State-County-Tract County Name Community Location Branch/ATM Location Address
32 051 0004.00 Carson City
32 051 0005.01 Carson City
32 051 0006.00 Carson City
32 051 0007.01 Carson City
32 051 0007.02 Carson City
32 051 0008.00 Carson City
32 051 0009.00 Carson City
32 051 0010.01 Carson City
32 051 0010.02 Carson City
Total Tracts 209
3/9/2017
80
PLUMAS BANK BRANCHES OPENED, CLOSED OR RELOCATED DURING THE CURRENT AND PAST TWO YEARS
Carson City, NV New Branch Office
1101 North Carson Street Carson City, NV 89701
Carson City Census Tract 0001.00 Opened October 27, 2018
81
PLUMAS BANK BRANCH & ATM LOCATIONS AND HOURS
Plumas Bank serves its customers through eleven full-service branch offices throughout Northeastern California. The Bank also maintains four separate ATM locations. In addition, customers are served by a worldwide network of ATM locations and the 24-hour a day, seven day a week VoiceBanking 800-5-PLUMAS (800-575-8627) or 283-6840 from Quincy.
Quincy Office (1) 336 West Main Street at Filmore St., 95971 530-283-6800 FAX 530-283-0470 Walk-up ATM Monday-Thursday: 9 – 5, Friday: 9-6 Plumas County Tract 0001.00
Portola Office (2) 120 North Pine Street P.O. Box 1238, 96122 530-832-4405 FAX 530-832-0621 Drive-up ATM Monday-Friday: 9 – 5 Plumas County Tract 0003.00
Greenville Office (3) 121 Crescent Street P.O. Box 612, 95947 530-284-6114 FAX 530-284-6744 Drive-up ATM Monday-Friday: 10–5 Plumas County Tract 0004.00
Truckee Office (5) 11638 Donner Pass Rd., 96161 530-587-4747 FAX 530-587-4828 Walk-up ATM Monday-Thursday: 9-5, Friday: 9-6 Nevada County Tract 0012.06
Fall River Mills Office (6) 43163 Highway 299 East P.O. Box 189, 96028 530-336-5526 FAX 530-336-5753 Walk-up ATM Monday-Thursday: 9 – 5, Friday: 9-6 Shasta County Tract 0127.02
Alturas Office (7) 510 North Main Street, 96101 530-233-1999 FAX 530- 233-1995 Drive-up ATM Monday-Thursday: 9 – 5, Friday: 9 - 5 Modoc County Tract 0001.00
Susanville Office (8) 3000 Riverside Drive at Main Street, 96130 530-257-5013 FAX 530-257-6596 Walk-up ATM Monday-Thursday: 9 – 5, Friday: 9 – 6 Lassen County Tract 0403.04
Chester Office (9) 255 Main Street P.O. Box 588, 96020 530-258-4161 FAX 530-258-3214 Drive-up ATM Monday-Friday: 9 – 5 Plumas County Tract 0005.01
Tahoe City Office(10) 215 North Lake Blvd. P.O. Box 6780, 96145 530-581-2857 FAX 530-581-2865 Walk-up ATM Monday-Friday 9 - 5 Placer County Tract 0222.00
Kings Beach Office(21) 8475 North Lake Blvd. P.O. Box 1499, 96143 530-546-7277 FAX 530-546-0827 Walk-up ATM Monday-Friday: 9 - 5 Placer County Tract 0201.07
Redding Office (24) 1335 Hilltop Drive, 96003 530-246-2364 FAX 530-246-3859 Walk-up ATM Monday-Friday: 9 - 5 Shasta County Tract 0108.03
Reno Office (25) 5050 Meadowood Mall Circle, 89502-6543 775-786-0907 FAX TBD Walk-up ATM Monday-Thursday: 9 – 5; Friday 9-6 Washoe County Tract 0022.04
Cedarville ATM Senior Citizens Center 502 Main Street, 96104 Walk-up ATM Site Modoc County Tract 0004.00
Graeagle ATM Graeagle Village Centre 7597 Highway 89, 96103 Walk-up ATM Site Plumas County Tract 0002.01
Loyalton ATM 604 Main St., 96118 Walk-up ATM Sierra County Tract 0100.00
Westwood ATM 315 Birch Street, 96137 Drive-up ATM Lassen County Tract 0402.00
82
PLUMAS BANK ADMINISTRATIVE LOCATIONS
Plumas Bank serves its customers through eleven full-service branch offices throughout Northeastern California. The Bank also maintains four separate ATM locations. In addition, customers are served by a worldwide network of ATM locations and the 24-hour a day, seven day a week VoiceBanking 800-5-PLUMAS (800-575-8627) or 283-6840 from Quincy.
Administration 35 S. Lindan Avenue Quincy, CA 95971 Phone: 530-283-7305 Monday – Friday 8am - 5pm
Credit Administration 32 Central Avenue Quincy, CA 95971 Phone: 530-283-7345 Loan Servicing Fax: 530-283-6848 Credit Servicing Fax: 530-283-2507 Monday – Friday 8am - 5pm
Customer Resource Center 35 S. Lindan Avenue Quincy, CA 95971 Fax: 530-283-7315 Monday – Thursday 8am – 5:30 pm; Friday 8am – 6pm
Regional Loan Office - Truckee 11638 Donner Pass Road Truckee, CA 96161 Phone: 530-587-4747 Fax: 530-582-6157 Monday – Friday 8am - 5pm
Human Resources 35 S. Lindan Avenue Quincy, CA 95971 Confidential Fax: 530-283-7316 Monday – Friday 8am - 5pm
Regional Loan Office – Reno 5050 Meadowood Mall Circle Reno, NV 89505 Phone: 775-786-0907 Fax: 775-786-5637
eBanking 35 S. Lindan Avenue Quincy, CA 95971 Fax: 530-283-7310 Monday – Friday 8am - 5pm
Regional Loan Office – Chico 100 Amber Grove Suite 105 Chico, CA 95973 Phone: 888-375-8627 Fax: 530-230-2899
Risk Management 35 S. Lindan Avenue Quincy, CA 95971 Fax: 530-283-7312 Monday – Friday 8am - 5pm
Regional Loan Office – Portola 120 N. Pine Street Portola, CA 96122 Phone: 530-832-4405 Fax: 530-832-9651
Chester Operations 255 Main Street PO Box 588 Chester, CA 96020 Phone: 530-258-4166 Fax: 530-258-3214 Monday – Friday 8am - 5pm
Small Business Lending – Auburn 11641 Blocker Drive, Suite 140 Auburn, CA 95603 Phone: 530-889-8616 Fax: 530-889-8712
Ag Services Department 3000 Riverside Drive Susanville, CA 96130 Phone: 530-257-5013 Fax: 530-257-7786
Ag/Commercial Lending – Oregon 107 South 7th Street Klamath Falls, OR 97601 Phone: 541-891-3604
83
Plumas Bank List of Products & Services
March 2020
Checking Accounts for Individuals Regular Checking Account Senior Checking Account NOW Checking Account Plumas Gold Club Account Go Green Checking Grand Account Green Employee Money Fund Plus Account
Savings Accounts, CDs and IRAs for Individuals Regular Savings Minor Savings Money Market (MMDA) Money Fund Plu$ Account Goal Savings Club Account Certificate of Deposit (CD) Advantage Certificate of Deposit Individual Retirement Account (Traditional) Individual Retirement Account (Roth) Coverdell Education Savings Account (CESA) Simplified Employee Pension Plan (SEP) Health Savings Account
Loans for Individuals Automobile Loans RV/Boat/Motorcycle/Home Tractor Plumas Plus Overdraft Protection CD or Savings Secured Loan VISA & MasterCard Credit Cards (Third Party) Platinum Equity Line of Credit Silver Equity Line of Credit Fixed Rate Loan Option Investors Choice Equity Line of Credit Unsecured Personal Loans FFA or 4H Loan
3/2020
Checking Accounts for Businesses Local Business Checking Analysis Business Checking Business CAS$H Sweep Account Repurchase Sweep Agreement Business NOW Account Interest on Lawyers Trust Account (IOLTA) Community Local Agency Special Sweep (CLASS) Commercial Loan Sweep Account Zero Balance Sweep account Premium Business Checking
Savings Accounts and CDs for Businesses Regular Savings Money Market (MMDA) Certificate of Deposit (CD) Simplified Employee Pension Plan (SEP)
Loans for Businesses Agriculture/Operating Loans Agriculture/Real Estate Business & Agriculture Equipment Loans Business Exxpress Line of Credit Business Exxpress Overdraft Protection Business Exxpress Term Loan Business Line of Credit (BLOC) Business Plus Line of Credit Business Vehicle Loan Commercial Loan Commercial Construction Loan Commercial Real Estate Loan Land Loan Real Estate Development Loan SBA Loan 504 SBA Loan 7a Standby Letter of Credit Non owner-occupied Residential Const. Loan
84
Other Services for Individuals and Businesses
ACH ATM Card Automatic Loan Payments Automatic Transfer Bank by Mail Bond Coupon Redemption Bounce Protection Business Debit Card Business Sweep Accounts Cash Management Business Internet Banking Cashier’s Checks Check Free Bill Pay (Business) Checking Navigator Consolidated Statements Debit Card Direct Deposit eStatements External Funds Transfer FDIC Insurance Fresh Start Investment Services (Third Party) Lock Box Merchant Services (Third Party) Mobile Banking Mobile Deposit Night Depository Services Notary Services Online Banking Online Personal Bill Pay P2P Payments Person to Person Transfers within Plumas Bank Plumas Bank Web Site and Facebook Positive Pay for Businesses Reconcilement Remote Deposit for Businesses Safe Deposit Boxes Savings Overdraft Protection Stop Payments Telephone Transfers VoiceBanking Wire Transfers (Incoming & Outgoing) 3/2020
85
DIS-5076ALL Effective 1/1/2020
CONSUMER DEPOSIT ACCOUNTS
Service Fees and Charges
BUSINESS DEPOSIT ACCOUNTS
Service Fees and Charges
▪ Plumas Gold Club Checking
Minimum opening balance……………………………...... $ 100
Monthly service fees* Accident Insurance Plan Included:
Basic Plan………………………………………… $ 10.50
Family Plan……………………………….............. $ 11.50
Coverage divides equally on Joint Accounts and reduces by 50% at age
70. Termination Date: See Account Information Disclosure for details.
▪ Grand Account Checking
Minimum opening balance………………………….......... $ 100
Minimum daily balance to avoid monthly service fee
(Total combined balance of accounts under
the same ownership)………………………….…..... $ 15,000
Monthly service fee…………………………………......... $ 15
▪ Go Green Checking
Minimum opening balance……………………………….. $ 100
Monthly Green Account fee*
when Go Green requirements** are not met………... $ 7
• Green E Checking
Minimum opening balance $ 100
Employer Participation Required
eStatement required to avoid monthly service fee
Monthly service fee*……………………………………... $ 5
• Regular Checking
Minimum opening balance……………………………… $ 100
Minimum daily balance
to avoid monthly service fee………………………… $ 1,000
Monthly service fee*……………………………………
Non-eStatement service fee***………………………...
$ 10
5
• NOW Checking
Minimum opening balance……………………………….. $ 100
Minimum daily balance
to avoid monthly service fee………………………. $ 1,500
Monthly service fee*……………………………………... $ 12
• Senior Checking (55 and over)
Minimum opening balance……………………………….. $ 100
Minimum daily balance
to avoid monthly service fee……………………….. $ 400
Comb. bal. of personal deposits under the same ownership
maintained to avoid monthly service fee ………….. $ 5,000
Monthly service fee* …………………………………….. $ 7
• Money Fund Plus Account
Minimum opening balance ………………………………. $ 2,500
Minimum daily balance
to avoid monthly service fee………………….…..... $ 10,000
Monthly service fee*……………………………………... $ 15
*Check image fee add $2 per statement
**See Account Information Disclosure for list of Go Green
requirements.
▪ Local Business Checking
Minimum opening balance…………………………. $ 100
Minimum daily balance
to avoid monthly service fee…………….…… $ 2,000
Total Allowance of checks deposited (non-Plumas Bank) and
Allowance of checks paid combined
included in monthly service fee……………….. 150
Allowance of checks deposited (Plumas Bank)
included in monthly service fee………….…... No Limit
Allowance of deposits included in monthly service fee……… No Limit
Charge per item for activity in excess of allowance………... $ .20
Monthly service fee…..……………………………..
Non-eStatement service fee***…………………
$ 12
5
▪ Business NOW Checking (Interest Bearing)
Minimum opening balance…………………………… $ 100
Minimum daily balance to avoid monthly service fee $ 5,000
Allowance of checks deposited (non-Plumas Bank)
included in monthly service fee………………. 100
Allowance of checks deposited (Plumas Bank)
included in monthly service fee………………. No Limit
Allowance of checks paid included in monthly service fee…... 100
Allowance of deposits included in monthly service fee….…… No Limit
Charge per item for activity in excess of allowance…................. $ .20
Monthly service fee*…………………………………. $ 15
▪ Premium Business Checking
Minimum opening balance…………………………..... $ 100
Minimum daily balance to avoid service fee………….. $ 5,000
Allowance of checks deposited (non-Plumas Bank)
included in monthly service fee………………... 150
Allowance of checks deposited (Plumas Bank)
included in monthly service fee………………… No Limit
Allowance of checks paid included in monthly service fee…… 150
Allowance of deposits included in monthly service fee……........ No Limit
Charge per item for activity in excess of allowance……….......... $ .20
Monthly service fee*…………………………….…….. $ 18
▪ Business Sweep Accounts monthly service fees:
CLA$$ Account…………………………………………….. $ 25
Business CA$H Sweep……………………………………... $ 25
Zero Balance Account………..…………………………......... $ 25
Repurchase Sweep Agreement….……………………... $ 50
▪ Analysis Business Checking
Money Service Business (MSB) Monthly service fee...………… $ 100
Private Automated Teller Machine (ATM) Monthly service fee…. $ 100
For a schedule of fees and charges, please contact your branch office.
*** eStatements required to avoid monthly service fee for certain waived account
types only or a $5 Non-eStatement fee will apply.
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DIS-5076ALL Effective 1/1/2020
SAVINGS DEPOSIT ACCOUNTS
Consumer and Business ▪ Regular Savings
Minimum opening balance………………………………….... $ 100
Accounts owned by or for the benefit of a minor……………. No Charge
Monthly service fee: Consumer……………………………… $ 4
Monthly service fee: Business……………………………….. $ 5
Minimum daily balance
to avoid monthly service fee…………………………… $ 300
Each withdrawal* in excess of 6 during the month………....... $ 7.50
* A withdrawal is defined as any of the following types of transactions:
Transfers in person, in person cash withdrawals, transactions by mail,
telephone transfers, to make a loan payment, to purchase cashier’s checks from
your savings account, transfers from a savings account to an account at another
institution or third parties by preauthorization, automatic ACH or Online
Banking.
For Limitations on Transfers involving your Regular Savings refer to the
Account Information Disclosure.
• Money Market Savings
Minimum opening balance …………………………………… $ 100
Minimum daily balance
to avoid monthly service fee …………………………. $ 2,500
Monthly service fee…………………………………………… $ 10
Each withdrawal* in excess of 6 during the month………….... $ 7.50
* A withdrawal is defined as any of the following types of transactions:
telephone transfers, transfers from a Money Market savings account to an
account at Plumas Bank, another institution or third parties by
preauthorization, automatic ACH, Online Banking, Cash Management, Check,
Debit Card, point of sale (POS), draft or similar order to third parties.
For Limitations on Transfers involving your Money Market Savings refer to
the Account Information Disclosure.
▪ Health Savings Account
Minimum opening balance……………………………………. $ 100
Monthly service fee…………………………………………… $ 5
Initial set-up fee…………………………………………......... $ 15
Account closure service fee…………………………………... $ 25
▪ Goal Savings Club
No minimum opening balance or fees associated with this account.
See Account Information Disclosure for product terms.
▪ Certificate of Deposit
Minimum opening balance……………………………………. $ 500
▪ Individual Retirement Account
Initial set-up fee………………………………………………. $ 25
Annual plan maintenance fee……………………………........ $ 25
Minimum opening balance………………………………........ $ 500
Minimum plan balance to avoid annual fee…………………... $ 25,000
Manual distribution fee……………………………………….. $ 10
Periodic auto distribution fee…………………………………. N/C
Account closure fee…………………………………………… $ 25
ACCOUNT SERVICE FEES
The following service fees apply to all deposit accounts with Plumas Bank as appropriate:
ATM/Check Card/HSA Card Foreign fee…………. $2 each
ATM/Check Card/HSA Card replacement……….... $5 each card
Account closure fee (if closed within 90 days of opening)... $25
Account reconcilement……………………... $30/hour & $1/copy
Account research………………………….... $30/hour & $2/copy
Cashier’s checks……………………………………… $8 each
Check Free Bill Pay Consumer or Business…………. Free
Check image fee ……………………………………... $2/Statement
Check printing………………….. (price varies depending on style)
Collections Incoming/Outgoing .. $25 each (plus paying bank fee)
Coupon collections…………………………………… $15 each
Deposit correction……………………………………. $3 each
Deposited items charged back ………..……………… $10 each
Deposited items resubmitted…………………………. $2 each
Int’l Service Assessment (ISA) debit card transaction fee.. 2%
Levy processing fee ………………………………...... $100 each
Non-customer: Cashing non-Plumas Bank checks…… $7 each
Notary fee……………………………………... $15 each signature
Daily Overdraft fee* (begins the 21st consecutive day of
overdraft. Assessed on business days only)
$ 5
NSF Returned Item fee *………………………………….. $34 each
Overdraft Service Charge *………………………….. $34 each
Overdraft sent for collection fee……………...……… $20 each
Overdraft protection cash management fee….. $10 per transfer
Positive Pay ………………………………….. $50 per month
Signature Guarantee ………………. $25 each signature
Special statement …………………………………….. $10 each
Stop payment order …………………………………... $30 each
Stop payment order placed on Online Banking ……… $25 each
Telephone Transfer fee (bank assisted) ………… $5 per transfer
Two-party Automatic Transfer………………… Set-up $25 each
Two-party Automatic Transfer …………............... $5 per transfer
Night depository fees
Locking security bag………………………... $25 each
Disposable security bag…………………….. $25/100
Maintenance fee…………………………….. $25 per year
Replacement key……………………………. $15 each
Domestic wire transfers
Incoming ………………………………………… $15 each
Outgoing ………………………………………… $30 each
International Services
Incoming wires USD ……………………………. $25 each
Outgoing wires USD ……………………………. $50 each
Wire return fee …………………………………... $25 each
Deposit foreign check …………………………… $15 each
Foreign collections………. $50 each(plus paying bank fee)
Foreign currency order…… $20 each plus delivery fee per $2,500
Foreign currency shipment $20 each(plus delivery fee)
Return of foreign check….. $25 each(plus paying bank fee)
Safe Deposit Box Automatic Annual Fees for box size below:
2 x 5……………………………………………... $30
3 x 5……………………………………………... $40
4 x 5……………………………………………... $50
5 x 5……………………………………………... $60
3 x 10……………………………………………. $70
5 x 10……………………………………………. $80
6 x 10……………………………………………. $90
7 x 10……………………………………………. $95
9 x 10……………………………………………. $100
10 x 10…………………………………………... $110
Lost key…………………………………………. $15 each
Drilling cost………………………… Actual cost Manual billing fee …………………. Additional $10.00
Verification of Deposit/Loans …………………….. $10 each
* May apply to ATM and one-time Debit Card transactions.
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3/1/2020
March 31, 2019
June 30, 2019
Sept. 30, 2019 Dec. 31, 2019
Net Loansto
Total Deposits 77.92% 79.79% 77.01% 82.38%
Quarterly Loan to Deposit Ratio
88