First State Bank is a state-chartered bank headquartered in Key West, Florida, in business for about 71 years. At the end of Q2 2026 it reported $1.2B in total assets and $1.1B in deposits, with 9 offices.
Based on its Q2 2026 filing, First State Bank scores 67/100, which we describe as moderate. That is higher than only 44% of 897 banks with $1 billion – $10 billion. Among 82 banks headquartered in Florida, it ranks 48th. Its strongest component is problem-loan coverage (98/100; 1.1%), and its lowest is earnings (41/100; 0.52%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (66 → 67).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 77 |
| Q3 2024 | 74 |
| Q4 2024 | 72 |
| Q1 2025 | 68 |
| Q2 2025 | 66 |
| Q3 2025 | 67 |
| Q4 2025 | 67 |
| Q1 2026 | 67 |
| Q2 2026 | 67 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.38% |
| Q3 2024 | 10.61% |
| Q4 2024 | 10.93% |
| Q1 2025 | 11.05% |
| Q2 2025 | 10.17% |
| Q3 2025 | 10.37% |
| Q4 2025 | 10.59% |
| Q1 2026 | 10.39% |
| Q2 2026 | 10.32% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.23% |
| Q3 2024 | 0.17% |
| Q4 2024 | 0.17% |
| Q1 2025 | 0.30% |
| Q2 2025 | 0.21% |
| Q3 2025 | 0.22% |
| Q4 2025 | 0.20% |
| Q1 2026 | 0.15% |
| Q2 2026 | 0.15% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.98% |
| Q3 2024 | 1.48% |
| Q4 2024 | 1.17% |
| Q1 2025 | 0.70% |
| Q2 2025 | 0.65% |
| Q3 2025 | 0.64% |
| Q4 2025 | 0.60% |
| Q1 2026 | 0.53% |
| Q2 2026 | 0.52% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 67 | $1.2B | 10.32% | 0.15% | 0.52% | 74.5% |
| Q1 2026 | 67 | $1.2B | 10.39% | 0.15% | 0.53% | 76.4% |
| Q4 2025 | 67 | $1.1B | 10.59% | 0.20% | 0.60% | 81.4% |
| Q3 2025 | 67 | $1.2B | 10.37% | 0.22% | 0.64% | 77.4% |
| Q2 2025 | 66 | $1.2B | 10.17% | 0.21% | 0.65% | 78.4% |
| Q1 2025 | 68 | $1.2B | 11.05% | 0.30% | 0.70% | 76.0% |
| Q4 2024 | 72 | $1.1B | 10.93% | 0.17% | 1.17% | 82.3% |
| Q3 2024 | 74 | $1.1B | 10.61% | 0.17% | 1.48% | 81.6% |
| Q2 2024 | 77 | $1.2B | 10.38% | 0.23% | 1.98% | 78.6% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Florida
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Helm Bank USABank Miami, FL | 59 out of 100, Moderate | $1.2B | 11.2% | 1.65% | vs |
| BayFirst National BankBank Saint Petersburg, FL | 36 out of 100, Low | $1.1B | 8.6% | 2.13% | vs |
| Bank of Central FloridaBank Lakeland, FL | 69 out of 100, Moderate | $1.2B | 8.7% | 0.21% | vs |
| Brannen BankBank Inverness, FL | 65 out of 100, Moderate | $1.0B | 6.1% | 0.45% | vs |
| OptimumBankBank Fort Lauderdale, FL | 76 out of 100, Strong | $1.4B | 10.5% | 0.18% | vs |
| Grove Bank & TrustBank Miami, FL | 68 out of 100, Moderate | $1.4B | 10.0% | 0.01% | vs |
Deposit insurance
Is my money safe at First State Bank?
Yes. First State Bank is an FDIC-insured institution (FDIC certificate #17509). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 38.0% of deposits ($401.9M) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.32%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 17.25% (benchmark: 10%).
9 locations
Branches
First State Bank lists 8 offices in 6 cities. Most locations:
- Key Largo, FL (2)
- Key West, FL (2)
- Big Pine Key, FL (1)
- Islamorada, FL (1)
- Marathon, FL (1)
- Stock Island, FL (1)
Identity & history
Profile
- Legal name
- First State Bank
- Former names
- First State Bank of the Florida Keys; Key West State Bank; Florida Keys First State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 17509
- RSSD ID
- 191935
- Primary regulator
- FDIC
- Holding company
- First State Bank Holding Co
- Established
- October 29, 1955
- Headquarters
- 1201 Simonton St, Key West, FL 33040
- Website
- keysbank.com
- Employees
- 188
Quick answers
First State Bank: common questions
Is First State Bank FDIC insured?
Yes. First State Bank is an FDIC-insured institution (FDIC certificate #17509). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is First State Bank's TellerScore?
67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has First State Bank ever failed?
There is no failure record for FDIC certificate #17509 in the FDIC failed bank list.
How many branches does First State Bank have?
9 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Key West
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Southernmost Federal Credit UnionCredit union Key West, FL | 80 out of 100, Strong | $16.1M | 18.8% | 0.00% | vs |
| Centennial BankBank Conway, AR | 79 out of 100, Strong | $24.6B | 12.6% | 0.55% | vs |
| First Horizon BankBank Memphis, TN | 64 out of 100, Moderate | $84.1B | 10.3% | 0.83% | vs |
| Truist BankBank Charlotte, NC | 63 out of 100, Moderate | $548.3B | 9.8% | 0.72% | vs |
| Gulf Atlantic BankBank Key West, FL | 62 out of 100, Moderate | $253.2M | 9.4% | 0.20% | vs |
| Keys Federal Credit UnionCredit union Key West, FL | 62 out of 100, Moderate | $253.2M | 11.0% | 0.88% | vs |