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First State Bank
Key West, FL · FDIC Certificate #17509 · Chartered 10/2
Total assets
$1.18B
Total deposits
$1.06B
Total equity
$104.89M
Net loans
$787.94M
Branches (offices)
9
Net income (YTD)
$3.06M
Rank: #902 of 4,213 U.S. banks by assets · #29 of 81 in Florida. Assets changed 2.1% and deposits 2.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.52% |
| Return on equity | 5.83% |
| Net interest margin (YTD) | 3.44% |
| Equity to assets | 8.85% |
| Tier 1 leverage ratio | 10.32% |
| Uninsured deposits (share of deposits) | 38.0% |
| Noncurrent loans (share of loans) | 0.15% |
| Net charge-offs (share of loans) | -0.06% |
| Loans to deposits | 74.5% |
| Real estate loans (share of loans) | 90.1% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $709.88M | 90.1% | |
| Commercial & industrial | $32.65M | 4.1% | |
| Consumer / individual | $35.27M | 4.5% | |
| Construction & development | $13.60M | 1.7% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.30B | $1.17B | $8.10M | $94.01M |
| Jun 2023 | $1.21B | $1.04B | $6.16M | $88.88M |
| Jun 2024 | $1.21B | $1.02B | $11.97M | $104.53M |
| Jun 2025 | $1.16B | $1.03B | $3.76M | $101.63M |
| Jun 2026 | $1.18B | $1.06B | $3.06M | $104.89M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Florida | $1.06B | 9 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.06B.
Similar-sized banks
Reading Co-Operative Bank ($1.19B) · Montgomery Bank ($1.18B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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