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Feather River Bulletin
Quincy, California
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May 5, 2010     Feather River Bulletin
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May 5, 2010
 

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16A Wednesday, May 5, 2010 Feather River Bulletin Transpo The Plumas County Trans- portation Commission in- vites the public to review and comment on the draft Regional Transportation Plan. The draft RTP is a lon'g- range plan that documents a set of policies, actions and funding strategies for trans- portation projects within the county over the next 20 years. Jeff Schwein, planning ion manager with Lumos & Asso- ciates who is responsible for developing the RTP on behalf of the PCTC, said "The Re- gional Transportation Plan is a very important planning tool for Plumas County and this update brings a new awareness to multi-modal transportation needs and opportunities in the county." A copy of the draft RTP may be reviewed at Plumas County libraries, Plumas rea County Planning Depart- ment, Plumas County Public Works Department or via the project's website at plumas- rtp.com. Comments are being accepted through May 31, and may be submitted at the website, plumasrtp.com; by e-mail, martybyrne@ countyofplumas.com; or mail to Plumas County Trans- portation Commission, 1834 East Main Street, Quincy, CA 95971. ! Plumas Bancorp, a bank holding company and the parent company of Plumas Bank, announced its net in- come was $134,000 for the first quarter ending March 2010. That is an overall in- crease of $1.4 million from the net loss of $1.28 million for the same period the year prior. Andrew J. Ryback, interim president and chief executive officer, said, "We are pleased I to report that the company made substantial improve- ments to its profitability during the first quarter. "We remain highly focused on continuing to improve profitability and as such, have implemented an aggres- sive cost reduction program that includes further consoli- dation of operational func- tions, reductions in officer salaries, a freeze on all employee salary increases, :i:: i:ii! !t ENGLANDER PLATINUM PLUSH FIRM 390 COIL TEMPERED STEEL INTERSPRING 10 YR/S YR NPR TWIN SET,...,. FULL SET ,,..,. QUEEN SET KING SET HI I TWIN SET.. FULL SET.,. ,.,. QUEEN SET.. 1.,. KING SET.: 1699. < ALL LUS 2830 MAIN STREET, SUSANVILLE 257-7788 CA LIC 448528 elimination of annual bo- nuses for 2010, and a reduc- tion in board of director fees, These and other actions are expected to reduce operating expenses by at least $1 mil- lion in 2010." Ryback continued, "Credit quality remains a top priori- ty. We have reduced non- performing loan balances and we are optimistic that credit quality will continue to improve during 2010." He added, "We remain a well-capitalized institution and continue to maintain a strong liquidity position." Ryback concluded, "We want to thank our share- holders for their continued confidence in our company. We will continue to do every- thing necessary to restore Plumas Bancorp to the valuation levels and growth potential that it once enjoyed." Financial highlights at a glance March 2010 compared to 2009 Net income of $134,000 compared to a first quarter 2009 net loss of $1.3 mil- lion. Loan loss provision de- creased by $1.4 million. Non-interest income in- creased by $557,000. Non-interest expense de- creased by $595,000. Nonperforming loans as a percentage of total loans decreased from 8.55 per- cent to 5.57 percent. Nonperforming loans de- creased by $12.7 million, or 41 percent, to $18.2 million. Non-performing assets as a percentage of total assets decreased from 7.19 per- cent to 5.72 percent. I In its May issue, Sunset magazine named Quincy one of five cool towns you've never heard of that you should visit. The story describes Quincy as "a Gold Country town the way they used to be." Among the businesses the magazine plugged was Caf Le Coq. The writer also rec- ommended mountain biking in the Lake Basin Recreation Area. Orthopedic & Sports Injuries Post-surgical Rehabilitation Sciatica Program PHYSICAL THERAPY Kory Felker, MPT 78 Central Ave., Quincy 283-2202 If it's ing we can' ll find some~o can. CONSTRUCTION SINCE 19114 m General Building Contractor Calif. Lic. #453927 (530) 283-2035