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Note 20 - Parent Only Condensed Financial Statements | 12 Months Ended
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Dec. 31, 2025
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
20. | PARENT ONLY CONDENSED FINANCIAL STATEMENTS
CONDENSED BALANCE SHEETS December 31, 2025 and 2024
|  | 2025 |  |  | 2024 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,406,000 |  |  | $ | 12,261,000 |
Investment in bank subsidiary |  |  | 272,899,000 |  |  |  | 180,744,000 |
Other assets |  |  | 297,000 |  |  |  | 369,000 |
Total assets |  | $ | 282,602,000 |  |  | $ | 193,374,000 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Other liabilities |  | $ | 513,000 |  |  | $ | 474,000 |
Borrowings |  |  | 21,013,000 |  |  |  | 15,000,000 |
Total liabilities |  |  | 21,526,000 |  |  |  | 15,474,000 |
Shareholders' equity: |  |  |  |  |  |  |  |
Common stock |  |  | 75,668,000 |  |  |  | 29,043,000 |
Retained earnings |  |  | 195,899,000 |  |  |  | 174,002,000 |
Accumulated other comprehensive loss, net of taxes |  |  | (10,491,000 | ) |  |  | (25,145,000 | )
Total shareholders' equity |  |  | 261,076,000 |  |  |  | 177,900,000 |
Total liabilities and shareholders' equity |  | $ | 282,602,000 |  |  | $ | 193,374,000 |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Years Ended December 31, 2025, 2024 and 2023
|  | 2025 |  |  | 2024 |  |  | 2023 |
Income: |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared by bank subsidiary |  | $ | 26,000,000 |  |  | $ | 10,000,000 |  |  | $ | 7,500,000 |
Gain on termination of swaps |  |  | - |  |  |  | - |  |  |  | 1,707,000 |
Earnings from investment in Plumas Statutory Trust I and II |  |  | - |  |  |  | - |  |  |  | 5,000 |
Total income |  |  | 26,000,000 |  |  |  | 10,000,000 |  |  |  | 9,212,000 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest on junior subordinated deferrable interest debentures |  |  | - |  |  |  | - |  |  |  | 141,000 |
Interest on borrowings |  |  | 1,012,000 |  |  |  | 641,000 |  |  |  | 369,000 |
Other expenses |  |  | 595,000 |  |  |  | 622,000 |  |  |  | 523,000 |
Total expenses |  |  | 1,607,000 |  |  |  | 1,263,000 |  |  |  | 1,033,000 |
Income before equity in undistributed income of bank subsidiary |  |  | 24,393,000 |  |  |  | 8,737,000 |  |  |  | 8,179,000 |
Equity in undistributed income of bank subsidiary |  |  | 4,708,000 |  |  |  | 19,462,000 |  |  |  | 21,746,000 |
Income before income taxes |  |  | 29,101,000 |  |  |  | 28,199,000 |  |  |  | 29,925,000 |
Income tax (expense) benefit |  |  | 516,000 |  |  |  | 420,000 |  |  |  | (149,000 | )
Net income |  | $ | 29,617,000 |  |  | $ | 28,619,000 |  |  | $ | 29,776,000 |
Total comprehensive income |  | $ | 44,271,000 |  |  | $ | 35,938,000 |  |  | $ | 34,068,000 |
CONDENSED STATEMENTS OF CASH FLOWS For the Years Ended December 31, 2025, 2024 and 2023
|  | 2025 |  |  | 2024 |  |  | 2023 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 29,617,000 |  |  | $ | 28,619,000 |  |  | $ | 29,776,000 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed income of bank subsidiary |  |  | (4,708,000 | ) |  |  | (19,462,000 | ) |  |  | (21,746,000 | )
Stock-based compensation expense |  |  | 80,000 |  |  |  | 174,000 |  |  |  | 78,000 |
Amortization of discount on borrowings |  |  | 142,000 |  |  |  | - |  |  |  | - |
(Increase) decrease in other assets |  |  | (56,000 | ) |  |  | 94,000 |  |  |  | 554,000 |
(Decrease) increase in other liabilities |  |  | (51,000 | ) |  |  | 85,000 |  |  |  | (185,000 | )
Net cash provided by operating activities |  |  | 25,024,000 |  |  |  | 9,510,000 |  |  |  | 8,477,000 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid on common stock |  |  | (7,720,000 | ) |  |  | (6,365,000 | ) |  |  | (5,862,000 | )
Redemption of Trust Preferred Securities |  |  | - |  |  |  | - |  |  |  | (10,310,000 | )
Decrease in other borrowings |  |  | (5,750,000 | ) |  |  | - |  |  |  | - |
Increase in other borrowings |  |  | - |  |  |  | 5,000,000 |  |  |  | 10,000,000 |
Proceeds from exercise of stock options |  |  | 1,105,000 |  |  |  | 508,000 |  |  |  | 339,000 |
Net cash used in financing activities |  |  | (12,365,000 | ) |  |  | (857,000 | ) |  |  | (5,833,000 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid in acquisition |  |  | (15,514,000 | ) |  |  | - |  |  |  | - |
(Decrease) increase in cash and cash equivalents |  |  | (2,855,000 | ) |  |  | 8,653,000 |  |  |  | 2,644,000 |
Cash and cash equivalents at beginning of year |  |  | 12,261,000 |  |  |  | 3,608,000 |  |  |  | 964,000 |
Cash and cash equivalents at end of year |  | $ | 9,406,000 |  |  | $ | 12,261,000 |  |  | $ | 3,608,000 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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