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Exhibit 99.1 PLUMAS BANCORP REPORTS RECORD QUARTERLY RESULTS QUINCY , California April 20 , 2021 – Plumas Bancorp ( Nasdaq : PLBC ) , the parent company of Plumas Bank , today announced record quarterly earnings during the first quarter 2021 of $ 4.4 million or $ 0.86 per share , an increase of $ 1.1 million from $ 3.3 million or $ 0.64 per share during the first quarter of 2020. Diluted earnings per share increased to $ 0.85 during the three months ended March 31 , 2021 up from $ 0.63 per share during the quarter ended March 31 , 2020. Included in the current quarter are expenses totaling $ 191 thousand , or $ 0.04 per share , related to Plumas Bancorp's pending acquisition of Feather River Bancorp , Inc. Return on average assets was 1.55 % during the current quarter , up from 1.53 % during the first quarter of 2020. Return on average equity increased to 17.7 % for the three months ended March 31 , 2021 , up from 15.2 % during the first quarter of 2020 . Financial Highlights March 31 , 2021 compared to March 31 , 2020 • Net income increased by $ 1.1 million , or 34 % to $ 4.4 million . • Net interest income increased by $ 1.3 million or 14 % to $ 10.5 million • Total assets increased by $ 328 million , or 37 % , to $ 1.2 billion . Gross loans increased by $ 109 million , or 18 % , to $ 733 million . Total deposits increased by $ 306 million , or 40 % , to $ 1.1 billion . • • • Total equity increased by $ 11.8 million , or 13 % to $ 102 million . Book value per share increased by $ 2.20 , or 13 % , to $ 19.63 , up from $ 17.43 . President's Comments Andrew J. Ryback , director , president and chief executive officer of Plumas Bancorp and Plumas Bank stated , “ I am pleased to report that we finished the first quarter of 2021 with improvements in many of our key financial metrics as compared to the first quarter of 2020. In terms of operational improvements , we implemented new Payroll Protection Program ( " PPP ” ) software allowing Plumas Bank to efficiently process 774 PPP loans totaling $ 67 million as of March 31st . Additionally , we have processed over $ 90 million in PPP loan forgiveness from 2020 originations . Our loan forgiveness activities have generated significant fees that have contributed to our first quarter earnings . " Ryback continued , “ Furthermore , I am proud that in addition to successfully navigating all of the challenges of operating in a pandemic environment while at the same time generating improvements in profitability , we were able to identify and execute on two important strategic initiatives . Namely , we recently announced the signing of a definitive merger agreement whereby Plumas Bancorp will acquire Feather River Bancorp , Inc. , the parent company of Bank of Feather River headquartered in Yuba City , California . That announcement was followed by notice that we have relocated the Plumas Bancorp headquarters to Reno , Nevada . " Ryback continued , “ Our growth in these active markets has been driven by our strategic initiatives to expand both our regional footprint and the services we provide to our clients . As we eagerly prepare for our acquisition of Bank of Feather River , we continue to develop technological services for clients including e - sign capabilities , enhanced remote deposit capture and ACH services for businesses , and real - time online banking enrollment . All the while we are continually enhancing our security program with a focus on fraud detection and prevention . " Ryback concluded , " The expansion of our footprint as we integrate Bank of Feather River represents a key step in the direction of planned further growth . We will continue to stay focused on the fundamentals while at the same time identifying and executing on transactions that support our strategic direction . With each development , be it technological or geographical , we reinforce our guiding principle that Plumas Bank is Here . For Good . " Loans , Deposits , Investments and Cash Gross loans increased by $ 109 million , or 18 % , from $ 624 million at March 31 , 2020 to $ 733 million at March 31 , 2021. The three largest areas of growth in the Company's loan portfolio were $ 92 million in commercial loans , $ 21 million in commercial real estate loans and $ 11 million in construction loans . The three largest decreases were $ 7 million in agricultural loans , $ 3 million in residential real estate loans and $ 2 million in automobile loans . The increase in commercial loans relates to PPP loans which totaled $ 96 million at March 31 , 2021. Unamortized loan fees net of unamortized loan costs on these loans totaled $ 3.5 million at March 31 , 2021 . We have instituted loan forbearance programs to assist borrowers with managing cash flows disrupted due to COVID - 19 . As of March 31 , 2021 , there were 80 loan forbearance agreements outstanding which allow for the deferral of up to 6 months in payments representing approximately $ 20.4 million in loan balances . 1