Plaza Bank in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Plaza Bank in Seattle, Washington (WA)
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Plaza Bank routing number info

Plaza Bank - Overview

  • General
  • FDIC Certificate #: 58305
    Status: Active
    Federal Reserve ID: 3447875
    Date Established: June 07, 2006
    WWW: http://www.plazabankwa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 445717
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 07, 2006
    Last Structure Change Effective Date: Febuary 10, 2012
    Last Structure Change Process Date: Febuary 10, 2012
    Last Data Update: Febuary 10, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1420 - 5th Avenue, Suite 3700, Seattle, WA 98101
    County: King
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Seattle-Bellevue-Everett, WA (#7600)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Seattle-Tacoma-Bellevue, WA (#42660)
    CBSA Metro Statistical Area: Seattle-Tacoma-Bellevue, WA (#42660)
    Core Based Statistical Division: Seattle-Bellevue-Everett, WA (#42644)
  • Financial Summary
  • Total assets: $109.9 mil
    Equity capital: $8.9 mil
    Deposits held in domestic offices: $98.5 mil
    Return on assets (ROA): -1.08% (-$1.2 mil)
    Quarterly return on assets: -3.91% (-$4.3 mil)
    Return on Equity (ROE): -12.04% (-$1.1 mil)
    Quarterly return on equity: -45.54% (-$4.1 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -1.08% (-$1,187.1 mil)
    Quarterly Pretax return on assets: -3.91% (-$4,297.8 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $109,917Total assets
  • $12,875Cash and due from depository institutions
  • $5,393Interest-bearing balances
  • $14,763Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $80,153Net loans & leases
  • $3,514Loan loss allowance
  • $0Trading account assets
  • $540Bank premises and fixed assets
  • $459Other real estate owned
  • $0Goodwill and other intangibles
  • $109,917Life insurance assets
  • $1,127All other assets
  • $100,968Total liabilities and capital
  • $98,467Total liabilities
  • $73,356Total deposits
  • $98,467Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,814Trading liabilities
  • $0Other borrowed funds
  • $687Subordinated debt
  • $8,949All other liabilities
  • $8,949Total equity capital
  • $8,949Total bank equity capital
  • $0Perpetual preferred stock
  • $3,154Common stock
  • $20,373Surplus
  • $-14,578Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,567Income earned, not collected on loans
  • $0Earning assets
  • $312Long-term assets (5+ years)
  • $100,309Average Assets, year-to-date
  • $10,667Average Assets, quarterly
  • $109,632Volatile liabilities
  • $110,584Insider loans
  • $79,800FHLB advances
  • $111,876Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,823Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,818Restructured Loans and leases
  • $443Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,701Total interest income
  • $1,427Total interest expense
  • $4,274Net interest income
  • $1,395Provision for loan and lease losses
  • $197Total noninterest income
  • $0Fiduciary activities
  • $242Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$45Additional noninterest income
  • $4,265Total noninterest expense
  • $2,051Salaries and employee benefits
  • $626Premises and equipment expense
  • $1,588Additional noninterest expense
  • -$1,189Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,189Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,189Net income attributable to bank
  • $0Net charge-offs
  • -$1,189Cash dividends
  • $1,209Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.70%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 4.28%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 4.27%Noninterest expense to earning assets
  • -1.08%Net operating income to assets
  • -1.08%Return on assets (ROA)
  • -1.08%Pretax return on assets
  • -12.04%Return on equity (ROE)
  • -12.04%Retained earnings to average equity (YTD only)
  • 1.47%Net charge-offs to loans
  • 115.38%Credit loss provision to net charge-offs
  • 0.17%Efficiency ratio
  • 95,393Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.20%Loss allowance to noncurrent loans
  • 98.51%Noncurrent assets plus other real estate owned to assets
  • 3.66%Noncurrent loans to loans
  • 4.26%Net loans and leases to deposits
  • 81.40%Net loans and leases to core deposits
  • 103.57%Equity capital to assets
  • 8.14%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 11.06%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $109,632Average earning assets
  • $9,879Average equity
  • $99,941Average loans

List of branches

  • 2 Washington Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0445717Plaza Bank1420 - 5th Avenue, Suite 3700, Seattle, WA 98101June 07, 2006Full Service Brick and Mortar
    1452063Kent Station Office207 W. Kent Station Road, Suite 100, Kent, WA 98032June 26, 2006Full Service Brick and Mortar

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