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Overview / Commentary
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 5,353rd largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 15 employees at 2 locations. Plaza Bank (WA) has a B health rating.

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Health

Data for Q4 2013

Institution Health

B
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:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Plaza Bank (WA) had $1.92 million in non-current loans and owned real-estate with $8.95 million in equity and loan loss allowances on hand to cover it. This gives Plaza Bank (WA) a Texas Ratio of 21.44% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Plaza Bank (WA) decreased dramatically from 36.77% as of December 31, 2012 to 21.44% as of December 31, 2013, resulting in a positive change of 41.69%.This indicates that the balance sheet and financial strength for Plaza Bank (WA) has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Plaza Bank (WA) has decreased its total deposits by -$6.34 million, resulting in -8.54% 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 below average.

Capitalization

GRADE:
A

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 $75.11 million in assets with $8.95 million in equity, resulting in a capitalization level of 11.91%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58305
Year Established2006
Employees15
Primary RegulatorFDIC
Assets and Liabilities
Assets$75.11 million
Loans$58.06 million
Deposits$67.89 million
Equity Capital$5.68 million
Loan Loss Allowance$3.27 million
Unbacked Noncurrent Loans$1.92 million
Real Estate Owned$0
Historic Data - December 2012
Assets$86.08 million
Equity Capital$6.82 million
Loan Loss Allowance$3.10 million
Unbacked Noncurrent Loans$1.92 million
Real Estate Owned$822,000
Profit Margin - Quarterly
Net Interest Margin3.72%
Return on Assets-1.32%
Return on Equity-17.68%
Interest Income$3.65 million
Rates

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Locations


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