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18200 Von Karman Avenue, # 5
Irvine, CA 92612

Plaza Bank is headquartered in Irvine and is the 87th largest bank in the state of California. It is also the 1,365th largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 76 employees at 3 locations. Plaza Bank has a A+ health rating.

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Reviews (1)

Dealing With Plaza Bank

We are nearing the end of our 2nd year working with Plaza Bank and I must say, it's been a delightful pleasure during what has been a trying time for most company's.

In early 2011, we set out to change banks for our company, to ease the pressure we'd been having with our current bank on our credit line and overall banking relationship. As the economic downturn spiraled in 2009 and 2010, our old bank was offering us a $1M credit line, but requiring $750,000 as cash collateral to be held. Our company was fortunate, we had the cash to post as collateral (as we are very conservative) and readily use and go up and down on our credit line to meet operating needs.

We found Plaza bank and a meeting was set with the bank President and 2 staff from the credit department. From the moment we met, it was clear they wanted a long term relationship and were willing to work with us, to carve a credit line and set of covenants that didn't constantly require us to run into issues. It was very refreshing and, in addition, they offered a longer term agreement.

Needless to say, as the CFO, I've been very pleased with the relationship with Plaza and as we move to investigate SBA financing, Plaza will be our first choice. The smooth, seamless relationship with Plaza, has allowed us to focus directly on our business growth needs and not have the constant interruptions on our bank credit line.

Ernie - CFO



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 had $3.77 million in non-current loans and owned real-estate with $59.21 million in equity and loan loss allowances on hand to cover it. This gives Plaza Bank a Texas Ratio of 6.37% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Plaza Bank experienced no significant changes from 5.64% as of December 31, 2012 to 6.37% as of December 31, 2013, resulting in a negative change of 12.88%. This indicates that the balance sheet and financial strength for Plaza Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Plaza Bank has increased its total deposits by $47.92 million, resulting in 13.59% 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 has shown is excellent.

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 has $490.96 million in assets with $59.21 million in equity, resulting in a capitalization level of 12.06%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58100
Year Established2005
Employees76
Primary RegulatorFDIC
Assets and Liabilities
Assets$490.96 million
Loans$398.62 million
Deposits$400.58 million
Equity Capital$54.21 million
Loan Loss Allowance$5.00 million
Unbacked Noncurrent Loans$3.11 million
Real Estate Owned$666,000
Historic Data - December 2012
Assets$421.30 million
Equity Capital$48.78 million
Loan Loss Allowance$3.91 million
Unbacked Noncurrent Loans$3.11 million
Real Estate Owned$1.20 million
Profit Margin - Quarterly
Net Interest Margin4.86%
Return on Assets1.14%
Return on Equity10.11%
Interest Income$23.76 million
Rates

Sorry, we do not have rate data for Plaza Bank

Locations


Plaza Bank Locations
Plaza Bank18200 Von Karman Avenue., Suite 500Irvine, CA 92612
North Las Vegas Branch5135 Camino Al Norte, Suite 4North Las Vegas, NV 89031
Plaza Branch8275 W Flamingo RdLas Vegas, NV 89147