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Overview / Commentary
206-436-7600
1420 - 5th Avenue, Suite 3700
Seattle, WA 98101

Plaza Bank (WA) is headquartered in Seattle and is the 51st largest bank in the state of Washington. It is also the 5,235th largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 15 employees at 2 locations. Plaza Bank (WA) has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Plaza Bank (WA) has a relatively low asset base.

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Plaza Bank (WA) had $2.28 million in non-current loans and owned real-estate with $8.56 million in equity and loan loss allowances on hand to cover it. This gives Plaza Bank (WA) a Texas Ratio of 26.62% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Plaza Bank (WA) decreased slightly from 35.74% as of March 31, 2013 to 26.62% as of March 31, 2014, resulting in a positive change of 25.53%.This indicates that the balance sheet and financial strength for Plaza Bank (WA) has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Plaza Bank (WA) has decreased its total deposits by -$15.34 million, resulting in -17.48% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Plaza Bank (WA) has shown is poor.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Plaza Bank (WA) has $79.43 million in assets with $8.56 million in equity, resulting in a capitalization level of 10.77%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58305
Year Established2006
Employees15
Primary RegulatorFDIC
Assets and Liabilities
Assets$79.43 million
Loans$55.34 million
Deposits$72.44 million
Equity Capital$5.29 million
Loan Loss Allowance$3.27 million
Unbacked Noncurrent Loans$2.14 million
Real Estate Owned$137,000
Historic Data - March 2013
Assets$96.36 million
Equity Capital$6.70 million
Loan Loss Allowance$3.45 million
Unbacked Noncurrent Loans$2.14 million
Real Estate Owned$731,000
Profit Margin - Quarterly
Net Interest Margin3.71%
Return on Assets-2.18%
Return on Equity-30.71%
Interest Income$832,000
Rates

Sorry, we do not have rate data for Plaza Bank (WA)

Locations


Plaza Bank (WA) Locations
Plaza Bank1420 - 5th Avenue, Suite 3700Seattle, WA 98101
Kent Station Office207 W. Kent Station Road, Suite 100Kent, WA 98032