FIRST STATE BANK OF THE FLORIDA KEYS in city_name, state_name

FIRST STATE BANK OF THE FLORIDA KEYS in Key West, Florida (FL)
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FIRST STATE BANK OF THE FLORIDA KEYS routing number info

FIRST STATE BANK OF THE FLORIDA KEYS - Overview

General
FDIC Certificate #: 17509
Status: Active
Federal Reserve ID: 191935
Bank Holding Company (Regulatory Top Holder): First State Bank Of The Florida Keys Holding Company (RSSDID: 3897519, Location: Key West, FL)
Date Established: October 29, 1955
WWW: http://www.keysbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: No)
OTS Docket #: 13362
FDIC's unique #: 11489
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: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: October 29, 1955
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 1201 Simonton Street, Key West, FL 33040
County: Monroe
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Key West, FL (#28580)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $859.9 mil
Equity capital: $68.9 mil
Deposits held in domestic offices: $576.3 mil
Return on assets (ROA): -0.58% (-$5.0 mil)
Quarterly return on assets: -0.49% (-$4.2 mil)
Return on Equity (ROE): -7.28% (-$5.0 mil)
Quarterly return on equity: -5.97% (-$4.1 mil)
Net income: -$4.6 mil
Quarterly Net income: -$1.0 mil
Pretax return on assets: -0.58% (-$4,987.7 mil)
Quarterly Pretax return on assets: -0.49% (-$4,213.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
177Total employees (full-time equivalent)
$859,944Total assets
$76,132Cash and due from depository institutions
$68,095Interest-bearing balances
$310,257Securities
$10,696Federal funds sold & reverse repurchase agreements
$424,486Net loans & leases
$13,804Loan loss allowance
$0Trading account assets
$13,696Bank premises and fixed assets
$10,061Other real estate owned
$0Goodwill and other intangibles
$859,944Life insurance assets
$14,616All other assets
$791,050Total liabilities and capital
$576,274Total liabilities
$446,944Total deposits
$576,274Interest-bearing deposits
$75Deposits held in domestic offices
50957.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$150,000Trading liabilities
$0Other borrowed funds
$13,819Subordinated debt
$68,894All other liabilities
$68,894Total equity capital
$68,894Total bank equity capital
$0Perpetual preferred stock
$15Common stock
$36,173Surplus
$32,706Undivided profits
Memoranda
$0Noncurrent loans and leases
$326Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$24,440Income earned, not collected on loans
$0Earning assets
$3,054Long-term assets (5+ years)
$813,534Average Assets, year-to-date
$282,277Average Assets, quarterly
$789,107Volatile liabilities
$823,235Insider loans
$421,929FHLB advances
$809,986Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$67,413Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$37,198Restructured Loans and leases
$13,033Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$30,510Total interest income
$6,525Total interest expense
$23,985Net interest income
$10,354Provision for loan and lease losses
$2,295Total noninterest income
$0Fiduciary activities
$1,530Service charges on deposit accounts
$0Trading account gains & fees
$765Additional noninterest income
$21,625Total noninterest expense
$10,849Salaries and employee benefits
$3,298Premises and equipment expense
$7,478Additional noninterest expense
-$5,699Pre-tax net operating income
$1,136Securities gains (losses)
$0Applicable income taxes
-$4,563Income before extraordinary items
$0Extraordinary gains - net
-$4,563Net income attributable to bank
$0Net charge-offs
-$4,563Cash dividends
$10,628Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.11%Yield on earning assets
0.88%Cost of funding earning assets
3.23%Net interest margin
0.31%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
-0.72%Net operating income to assets
-0.58%Return on assets (ROA)
-0.58%Pretax return on assets
-7.28%Return on equity (ROE)
-7.28%Retained earnings to average equity (YTD only)
2.33%Net charge-offs to loans
97.42%Credit loss provision to net charge-offs
0.44%Efficiency ratio
82,287Assets per employee
4.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.15%Loss allowance to noncurrent loans
56.48%Noncurrent assets plus other real estate owned to assets
4.01%Noncurrent loans to loans
5.58%Net loans and leases to deposits
73.66%Net loans and leases to core deposits
76.76%Equity capital to assets
8.01%Core capital (leverage) ratio
8.32%Tier 1 risk-based capital ratio
15.98%Total risk-based capital ratio
Memoranda
$17Average assets
$789,107Average earning assets
$62,652Average equity
$741,439Average loans

List of branches

12 Florida Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	11489	First State Bank Of The Florida Keys	1201 Simonton Street, Key West, FL 33040	October 29, 1955	Full Service Brick and Mortar
2	241905	Key Largo Branch	Mile Marker 97.7, U.S. Highway 1, Key Largo, FL 33037	November 02, 1977	Full Service Brick and Mortar
3	241906	Boulevard Branch	3406 North Roosevelt Boulevard, Key West, FL 33040	Febuary 04, 1985	Full Service Brick and Mortar
4	241907	Winn Dixie Branch	2778 North Roosevelt Boulevard, Key West, FL 33040	March 21, 1991	Full Service Brick and Mortar
5	241908	Summerland Branch	U.S. Highway 1, Mile Marker 24.9, Summerland Key, FL 33042	July 31, 1995	Full Service Brick and Mortar
8	241911	Tradewinds Branch	101433 Overseas Highway, Key Largo, FL 33037	October 01, 1997	Full Service Brick and Mortar
9	358849	Whitehead Branch	444 Whitehead Street, Key West, FL 33040	August 28, 2000	Full Service Brick and Mortar
10	360597	Marathon Branch	6900 Overseas Highway, Marathon, FL 33050	July 24, 2000	Full Service Brick and Mortar
11	363089	Stock Island Branch	5450 Macdonald Avenue, Stock Island, FL 33040	Febuary 11, 2002	Full Service Brick and Mortar
12	363340	Islamorada Branch	81621 Old State Highway, Islamorada, FL 33036	Febuary 25, 2002	Full Service Brick and Mortar
13	478450	Miramar Branch	3740 Exectuive Way, Miramar, FL 33025	March 19, 2007	Limited Service Administrative
14	492696	Big Pine Branch	30515 Overseas Hwy, Big Pine Key, FL 33043	December 16, 2008	Full Service Brick and Mortar

FIRST STATE BANK OF THE FLORIDA KEYS in Key West, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

FIRST STATE BANK OF THE FLORIDA KEYS - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

FIRST STATE BANK OF THE FLORIDA KEYS in Key West, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

FIRST STATE BANK OF THE FLORIDA KEYS - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

FIRST STATE BANK OF THE FLORIDA KEYS in Key West, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches