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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 48th largest bank in the state of Washington. It is also the 5,125th largest bank in the nation. It was established in 2006 and as of June of 2014, it had grown to 16 employees at 2 locations. Plaza Bank (WA)'s money market rates are 82% higher than the national average, and it has a B health rating.

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Health

Data for Q2 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Plaza Bank (WA) had $2 million in non-current loans and owned real-estate with $12.09 million in equity and loan loss allowances on hand to cover it. This gives Plaza Bank (WA) a Texas Ratio of 16.51% 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 29.21% as of June 30, 2013 to 16.51% as of June 30, 2014, resulting in a positive change of 43.49%.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 -$6.16 million, resulting in -7.99% 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 $81.54 million in assets with $12.09 million in equity, resulting in a capitalization level of 14.82%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58305
Year Established2006
Employees16
Primary RegulatorFDIC
Assets and Liabilities
Assets$81.54 million
Loans$51.36 million
Deposits$70.90 million
Equity Capital$9.05 million
Loan Loss Allowance$3.03 million
Unbacked Noncurrent Loans$1.87 million
Real Estate Owned$121,000
Historic Data - June 2013
Assets$85.03 million
Equity Capital$6.32 million
Loan Loss Allowance$3.53 million
Unbacked Noncurrent Loans$1.87 million
Real Estate Owned$169,000
Profit Margin - Quarterly
Return on Assets-1.3%
Return on Equity-15.31%
Interest Income$1.75 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Plaza Bank (WA), we are a rate comparison website and can not provide official rates or promotions.

Plaza Bank (WA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Plaza Savings
0.15%--Business Plaza Savings

Plaza Bank (WA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.80%$250k-Plaza Premier Money Market
0.80%$250k-Business Plaza Premier Money Market
0.50%$100k-Plaza Money Market
0.50%$100k-Business Plaza Money Market

Plaza Bank (WA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Plaza Premier Interest Checking
0.05%--Plaza Classic Checking
0.05%--Business Interest Checking (NOW)

Plaza Bank (WA) CD Rates

DetailsAPYMINMAXPRODUCT
1.45%$100k-60 Month Opt-Up CD
1.40%$100k-60 Month CD
1.30%$100k-48 Month CD
1.10%$100k-36 Month Opt-Up CD
1.00%$100k-36 Month CD
0.75%$100k-24 - 35 Month CD
0.60%$100k-12- 23 Month CD
0.50%$100k-180 - 364 Day CD
0.25%$100k-90 - 179 Day CD

Plaza Bank (WA) IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-12 - 23 Month IRA CD
Locations


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