Key West Bank


701 Whitehead Street
Key West, FL 33040
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Key West Bank is an FDIC insured institution located in Key West, FL. It was founded in 1999 and has approximately $0.09 billion in assets.

Key West Bank, Key West, Florida, was closed March 26, 2010 by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas, to assume all of the deposits of Key West Bank.

FDIC Insured Yes
FDIC Certificate # 34684
Date Established 1999
Assets $ 88.03 million
Loans $ 65.52 million
Deposits $ 67.66 million
Capital $ 0.05 million

For a more detailed analysis of Key West Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Key West Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Key West Bank
To upload and update your bank's rates please register. It is free to register and add rates.


Key West Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Key West Bank Locations

Financial Details

Key West Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Key West Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Key West Bank U.S. Bank Average
610.5% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Key West Bank had $6,746,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $52,000 in equity and $1,053,000 in loans loss reserves. That gives it a Texas Ratio of 610.5%.

Return on Equity
Key West Bank U.S. Bank Average
-160.16% 7.80%

Key West Bank has a Return on Equity of -160.16% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Key West Bank U.S. Bank Average
0.06% 12.68%

Key West Bank has a Capitalization of 0.06% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Key West Bank Balance Sheet Analysis

As of November 30, -0001, Key West Bank had assets of $88,031,000, loans of $65,517,000, and deposits of $67,662,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 65.52 million
Loan loss allowance $ 1.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 67.66 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 88.03 million

Summary Income Statement

March 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Key West Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Key West Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Key West Bank

Branches and Savings

Is Key West Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34684.

Why does Key West Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Key West Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Key West Bank a commercial bank?


Where are Key West Bank locations?

See branch locations nearby.

Is Key West Bank open on Saturdays?

Is Key West Bank open on Sundays?

What time does Key West Bank open?

What time does Key West Bank close?

Are Key West Bank ATMs Open 24/7?

Do Key West Bank ATMs accept cash deposits?

Can Key West Bank customers use other ATMs?

Do Key West Bank branches have notaries?

Will Key West Bank notarize my document?

What address for Key West Bank should I put for incoming ACH transfers?

Will the Key West Bank branch print checks?

Do Key West Bank checks expire?

Does Key West Bank require US citizenship to open account?

Can Key West Bank close my account?

Does Key West Bank Report to credit bureaus?

Does Key West Bank Use Equifax?

What is Key West Bank's ACH Routing Number?

What is Key West Bank's SWIFT code?


Does Key West Bank offer mortgages?

Compare mortgage rates here.

Does Key West Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Key West Bank offer personal loans?

Compare personal loan rates here.

Does Key West Bank offer student loans?

Will Key West Bank cash a check?

Will Key West Bank redeem a savings bond?

Does Key West Bank cash savings bonds?

Will Key West Bank cash money orders?

Can Key West Bank issue a money order?

Does Key West Bank do currency exchange?

Background on The Bank

Who owns Key West Bank?

How long has Key West Bank been around?

Can Key West Bank transfer to other banks?

Does Key West Bank have quick pay?

Does Key West Bank accept rolled coins?

Will Key West Bank accept loose change?

Where is Key West Bank headquarters?

Customer Reviews for Key West Bank

There are currently no comments for Key West Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →