No, propositional logic is not a logical system.
The "point" of a higher logic like first-order logic is to analyze structures. The structures come first - we care about groups, rings, fields, etc. before we've formulated first-order logic. Propositional logic on the other hand isn't about structures at all; rather, it's about the basic relationships between properties (or sets, or similar). Think of it as a super-high-level, low-information perspective on something more complicated like first-order logic: first-order logic does have "propositional structure" in that the propositional connectives are present in FOL, but it's much more than that.
Admittedly, we can try to shoehorn propositional logic into the logical systems framework. For example, a truth valuation $\nu$ of a set of propositional atoms $\{p_i: i\in I\}$ can be conflated with a one-element structure $Val_\nu$ in a language $\{U_i:i\in I\}$ consisting of one unary relation symbol for each propositional atom - the definition being that $U_i$ holds on the unique element in $Val_\nu$ iff $p_i$ is true according to $\nu$. So we can conflate propositional logic with a logical system restricted to one-element structures and languages with only unary relation symbols. But this - and every other twist I can imagine - is highly artificial, and I see nothing gained in so doing.
The connection between propositional logic and logical systems is that propositional logic tells us exactly how sentences in sufficiently nice logical systems relate to each other via the propositional connectives (note that "having connectives" isn't part of the definition of logical system - it shows up in the definition of regular logical system, which also has the rather subtle relativization requirement which we don't care about right now).