Exhibit 99.1

PLUMAS BANCORP REPORTS RECORD EARNINGS

QUINCY, California, July 15, 2015 – Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced record second quarter 2015 earnings of $1.4 million or $0.27 per diluted share an increase of $230 thousand from $1.1 million or $0.23 per diluted share during the second quarter of 2014. For the six months ended June 30, 2015, Plumas Bancorp (the “Company”) reported an increase in net income of $503 thousand or 24%, from $2.1 million during the first six months of 2014 to $2.6 million during the six months ended June 30, 2015. Earnings per diluted share increased from $0.42 during the first six months of 2014 to $0.51 during the six months ended June 30, 2015.

Financial Highlights

June 30, 2015 compared to June 30, 2014

Three months ended June 30, 2015 compared to June 30, 2014

Six months ended June 30, 2015 compared to June 30, 2014

Plumas Bancorp and Plumas Bank President and Chief Executive Officer, Andrew J. Ryback, remarked, “The Board of Directors, executives and I are very pleased to announce that the Company achieved record earnings in the second quarter. More specifically, net income of $1.4 million and $2.6 million represent the highest level of earnings, for the second quarter and first six months, in the Company’s history. In addition, the $1.4 million earned during the second quarter of 2015 represents the second highest quarterly net income in the Company’s history. These results were achieved through growth in both loans and core deposits, increasing levels of non-interest income, disciplined control over non-interest expense and continued improvements in credit quality.”

Richard L. Belstock, executive vice president and chief financial officer, stated, “During the second quarter, net interest margin increased by 22 basis points to 4.26%. This improvement in margin was the result of two things: First, we paid off our higher-rate $7.5 million subordinated debenture resulting in a decrease in interest expense of $157 thousand. Second, we experienced an increase in yield on interest earning assets from 4.41% during the second quarter of 2014 to 4.49% during the current quarter.”

Ryback added, “In recent months our team has been working on two expansion projects that support our strategic goals of expanding our footprint and increasing our market share. In April, we announced the signing of a Purchase and Assumption agreement to acquire the Redding branch of Rabobank, N.A.. We are pleased to announce that we received regulatory approval for this transaction on July 7, 2015. Plumas Bank’s relocation to the new office, located at 1335 Hilltop Drive, is expected to be finalized on July 31, 2015. We are thrilled to have the opportunity to serve new clients in the Redding market and we look forward to continuing to develop our presence in Redding and the surrounding area in the years ahead.”

“In May,” Ryback continued, “we announced plans for expansion into Reno, Nevada with a full-service branch which is scheduled to open in the fourth quarter. A dynamic, second-generation Reno native has joined our team and will manage the new office. Renovation is underway at the newly purchased building which is located at 5050 Meadowood Mall Circle.”

Ryback concluded, “As evidenced by recent results of operations, our Company’s management team has been focused on and committed to executing our strategic plan and this commitment has yielded growing profitability and increased shareholder value. We believe that the Company is well positioned to produce solid core results for the remainder of 2015.”

Asset Quality

Nonperforming loans at June 30, 2015 were $5.1 million, a decrease of $1.8 million, or 26%, from the $6.9 million balance at June 30, 2014. Nonperforming loans as a percentage of total loans decreased to 1.29% at June 30, 2015, down from 1.93% at June 30, 2014. Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings (“OVO”)) at June 30, 2015 were $8.1 million, down 25% from $10.8 million at June 30, 2014. Nonperforming assets as a percentage of total assets decreased to 1.5% at June 30, 2015 down from 2.1% at June 30, 2014.

Related primarily to an increase in loan balances during the comparison periods, the provision for loan losses increased by $150 thousand from $450 thousand during the six months ended June 30, 2014 to $600 thousand in the current period.

Net charge-offs totaled $271 thousand during the six months ended June 30, 2015 and $610 thousand during the same period in 2014. Net charge-offs as a percentage of average loans decreased from 0.36% during the six months ended June 30, 2014 to 0.14% during the current period. The allowance for loan losses totaled $5.8 million at June 30, 2015 and $5.4 million at June 30, 2014. Consistent with the improvement in asset quality, the allowance for loan losses as a percentage of total loans decreased slightly from 1.50% at June 30, 2014 to 1.47% at June 30, 2015.

Loans, Deposits, Investments and Cash

Net loans increased by $36.2 million, or 10%, from $353 million at June 30, 2014 to $389 million at June 30, 2015. The Company continues its focus on growing loan balances through a balanced and diversified approach. The two largest areas of growth in the Company’s loan portfolio were $13.1 million in commercial real estate loans and $9.4 million in automobile loans. Additionally, construction and land development loans increased by $5.7 million to $26.6 million, agricultural loans increased by $6.4 million and commercial loans increased by $3.6 million. Construction and land development loans represented 6.8% and 5.9% of the loan portfolio as of June 30, 2015 and June 30, 2014, respectively.

Core deposit growth remains strong. Total deposits were $493 million at June 30, 2015, up $36.7 million from the June 30, 2014 balance of $457 million. Non-interest bearing demand deposits increased by $20.1 million, interest bearing transaction accounts (NOW) increased by $4.7 million and savings and money market accounts increased by $18.3 million. However, time deposits declined by $6.4 million. We attribute the reduction in time deposits to the unusually low interest rate environment as we have seen a movement out of time deposits into more liquid deposit types.

Total investment securities declined by $744 thousand from $90.8 million at June 30, 2014 to $90.0 million as of June 30, 2015. Cash and due from banks increased by $1.3 million from $40.0 million at June 30, 2014 to $41.3 million at June 30, 2015. Included in cash and due from banks at June 30, 2015 and June 30, 2014 was interest earning balances held at the Federal Reserve Bank of San Francisco totaling $13.6 million and $17.2 million, respectively.

Shareholders’ Equity

Total shareholders’ equity increased by $5.4 million from $33.6 million at June 30, 2014 to $39.0 million at June 30, 2015 related to earnings during the twelve month period of $5.2 million, a decrease in net unrealized loss on investment securities of $86 thousand, and stock option activity.

Net Interest Income and Net Interest Margin

Net interest income, on a nontax-equivalent basis, was $5.3 million for the three months ended June 30, 2015, an increase of $579 thousand, or 12%, from $4.7 million for the same period in 2014. The increase in net interest income includes an increase of $429 thousand in interest income and a decline of $150 thousand in interest expense. The largest component of the increase in interest income was a $390 thousand increase in interest and fees on loans related to growth in the loan portfolio. The reduction in interest expense is related to the payoff of the Bancorp’s subordinated debenture in April, 2015. Related to an increase in loans as a percentage of interest earning assets, an increase in yield on investment securities and the payoff of the subordinated debenture, net interest margin for the three months ended June 30, 2015 increased 22 basis points, or 5%, to 4.26%, up from 4.04% for the same period in 2014.

Net interest income, on a nontax-equivalent basis, for the six months ended June 30, 2015 was $10.3 million, an increase of $974 thousand from the $9.3 million earned during the same period in 2014. The increase in net interest income includes an increase of $795 thousand in interest income and a decline of $179 thousand in interest expense. Net interest margin for the six months ended June 30, 2015 increased 14 basis points, or 3%, to 4.16%, up from 4.02% for the same period in 2014.

Non-Interest Income and Expense

During the three months ended June 30, 2015 non-interest income decreased by $71 thousand to $1.8 million down from $1.9 million during the three months ended June 30, 2014. The largest component of this decrease was a decline in gain on sale of SBA loans of $127 thousand from $444 thousand during the 2014 quarter to $317 thousand during the three months ended June 30, 2015. Service charge income decreased by $58 thousand most of which was related to a reduction in NSF and overcharge income which we attribute to improved economic conditions as well as working with our customers to help them reduce NSF activity. Partially offsetting these reductions was a $96 thousand increase in dividends from the Federal Home Loan Bank of San Francisco (FHLB). During June 2015 Plumas Bank was paid an $88 thousand one-time special dividend by the FHLB.

During the six months ended June 30, 2015 non-interest income totaled $3.9 million an increase of $285 thousand from the six months ended June 30, 2014. The largest components of this increase were an increase of $198 thousand in gain on sale of SBA loans and an increase in FHLB dividends of $101 thousand. The largest reduction in non-interest income was $102 thousand in NSF and overcharge income.

During the three months ended June 30, 2015, total non-interest expense increased by $165 thousand, or 4%, to $4.6 million, up from $4.5 million for the comparable period in 2014. While the Company continued to experience declines in several categories of non-interest expense, these were offset by increases in other items the largest of which was $172 thousand in the provision from change in OREO valuation. OREO represents real property taken by the Bank either through foreclosure or through a deed in lieu thereof from the borrower. When other real estate is acquired, any excess of the Bank’s recorded investment in the loan balance and accrued interest income over the estimated fair market value of the property, less costs to sell, is charged against the allowance for loan losses. A valuation allowance for losses on other real estate is maintained to provide for temporary declines in value. The allowance is established through a provision for subsequent losses on other real estate which is included in other expenses. Subsequent gains or losses on sales or from impairment are recorded as incurred. The provision from change in OREO valuation increased from $0 during the second quarter of 2014 to $172 thousand during the current quarter

During the six months ended June 30, 2015, total non-interest expense increased by $310 thousand, or 3%, to $9.3 million, up from $9.0 million for the comparable period in 2014. The largest components of this increase were $382 thousand in salary and benefit expense and $104 thousand in professional fees. The largest declines in non-interest expense were $156 thousand in occupancy and equipment costs and $128 thousand in OREO expenses.

Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank based in Northeastern California. The Bank operates eleven branches located in the counties of Plumas, Lassen, Placer, Nevada, Modoc and Shasta. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

In addition, discussions about risks and uncertainties are set forth from time to time in the Company’s publicly available Securities and Exchange Commission filings. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact: Elizabeth Kuipers

Vice President, Marketing Manager & Investor Relations Officer
Plumas Bank
35 S. Lindan Ave.
Quincy, CA 95971
530.283.7305 ext.8912

investorrelations@plumasbank.com

PLUMAS BANCORP

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PLUMAS BANCORP

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PLUMAS BANCORP

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