Plumas Bank was awarded the prestigious 2018 Raymond James & Associates Community Bankers Cup, which recognizes the top 10 percent of community banks in the nation.
In 2017, Raymond James ranked Plumas Bank as the fifth best performing community bank in the nation and in 2018 that ranking improved to second best.
They evaluated 258 community banks that are publicly traded domestic banks with assets between $500 million and $10 billion. Each bank’s performance was judged by various metrics regarding profitability, operational efficiency and the balance sheet. The six financial performance and stability measures include nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets and return on average tangible common equity.
The Raymond James award is the second award the bank has received for its 2018 performance. The first award placed the bank among the top 2 percent of community banks by S&P Global Market Intelligence.
Director, President and Chief Executive Officer Andrew Ryback commented, “We are honored that we have been included with the best of the best of community banks for the second year in a row by such a respected company as Raymond James.”
“We are thrilled to have been recognized first by S&P Global and now by Raymond James for our exceptional performance and for building long-term shareholder value. It’s due to the vision and leadership of our directors and executives as well as the hard work and dedication of our team that we achieved such strong financial performance in 2018,” noted Ryback.