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First State Bank

$1B-$10B Specialty: Commercial FL FDIC cert 17509

Designations: ✓ Community bank

Key West, FL

9 branches across FL

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 24 in FL.
  • Deposits +2.3% year over year ($1.1B on the books).
  • Delinquency rate 0.15%.
  • Return on assets 0.52%.
  • Efficiency ratio 81.59% vs a 59.73% peer average.
  • Loan-to-deposit ratio 74.47% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 24 in FL
View $1B-$10B leaderboard (FL) →

First State Bank has 1 strength but faces 3 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Credit Quality Leader: Top 39.4% in tier

Key Concerns

Areas that may need attention

  • - Efficiency Drag: Bottom 20.0% in tier
  • - Return on Assets 0.87% below tier average
  • - Net Interest Margin 0.43% below tier average
Get updates when First State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
Total Assets ? $1.2B
+2.1% YoY -0.3% QoQ
-$1.6B $2.8B
-0.6% YoY
$4.3B
+7.0% YoY
$6.3B
+7.7% YoY
16%
Total Loans ? $787.9M
-2.9% YoY -2.5% QoQ
-$1.2B $2.0B
-0.3% YoY
$3.0B
+8.2% YoY
$3.2B
+9.4% YoY
Bottom 13.4% in tier
Total Deposits ? $1.1B
+2.3% YoY +0.1% QoQ
-$1.3B $2.3B
-0.5% YoY
$3.5B
+7.0% YoY
$4.9B
+7.3% YoY
20%
Return on Assets ? 0.52%
-19.2% YoY -2.4% QoQ
-0.87% 1.39%
+17.0% YoY
0.62%
-8.3% YoY
1.30%
+12.1% YoY
Bottom 7.9% in tier
Net Interest Margin ? 3.44%
+8.3% YoY +1.1% QoQ
-0.43% 3.87%
+6.2% YoY
3.70%
+0.5% YoY
3.95%
+4.9% YoY
33%
Efficiency Ratio ? 81.59%
+6.6% YoY +0.7% QoQ
+21.86% 59.73%
-12.6% YoY
199.20%
+161.3% YoY
70.05%
+2.5% YoY
Bottom 5.8% in tier
Delinquency Rate ? 0.15%
-27.4% YoY +1.6% QoQ
-0.71% 0.87%
+11.7% YoY
0.61%
-2.0% YoY
0.98%
+16.3% YoY
82%
Loan-to-Deposit Ratio ? 74.47%
-5.0% YoY -2.6% QoQ
-10.56% 85.04%
-0.1% YoY
72.91%
-1.7% YoY
79.03%
+2.3% YoY
77%
Non-Interest-Bearing Deposit Share ? 23.22%
-6.0% YoY -4.5% QoQ
+1.95% 21.27%
-1.5% YoY
27.35%
-2.5% YoY
21.98%
-0.6% YoY
65%
Nonperforming Asset Ratio ? 0.10%
-30.9% YoY -0.7% QoQ
-0.57% 0.67%
+11.7% YoY
0.42%
-2.6% YoY
0.69%
+15.8% YoY
Top 14.8% in tier
Tier 1 Capital Ratio ? 16.00%
+3.4% YoY +3.3% QoQ
+1.16% 14.84%
-0.4% YoY
19.50%
+8.2% YoY
17.09%
+0.8% YoY
81%
Non-Interest Income / Assets ? 0.18%
-32.3% YoY +97.1% QoQ
-0.35% 0.53%
+2.5% YoY
1.02%
+6.4% YoY
0.66%
+5.2% YoY
27%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
Noninterest-Bearing 23.2%
-1.5pp YoY
-1.1pp QoQ
 +1.9pp 21.4% 27.7% 22.2% 65%
Brokered Deposits n/a n/a 9.5% 8.7% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
C&I 4.1%
+0.3pp YoY
-0.3pp QoQ
 -9.9pp 14.0% 12.9% 12.5% 15%
CRE 63.1%
+1.6pp YoY
-0.5pp QoQ
 +13.1pp 50.0% 50.6% 41.4% 81%
1-4 Family 19.4%
+0.9pp YoY
+1.3pp QoQ
 -7.1pp 26.4% 30.7% 31.3% 41%
Consumer 4.5%
-1.5pp YoY
-0.2pp QoQ
 -0.2pp 4.7% 3.7% 5.0% 80%

Capital

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
CET1 Ratio 16.0%
+0.5pp YoY
+0.5pp QoQ
 +0.4pp 15.6% 19.8% 19.7% 78%
Leverage Ratio 10.3%
+0.2pp YoY
-0.1pp QoQ
 -1.0pp 11.3% 13.9% 12.6% 45%
Total Capital Ratio 17.2%
+0.5pp YoY
+0.5pp QoQ
 +0.6pp 16.7% 21.1% 20.8% 79%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
Full-Time Employees 188
+8 (+4.4%) YoY
0 QoQ
 -126 313 295 482 36%
Assets per Employee ($) $6.3M
-2.3% YoY
-0.3% QoQ
 -$4.2M $10.5M $10.3M $8.8M 15%
Branch Count 9
0 YoY
0 QoQ
 -11 20 13 18 25%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.2% 0.3% 0.4% n/a
Nonaccrual 0.2%
0.0pp YoY
0.0pp QoQ
 -0.7pp 0.8% 0.7% 1.0% 17%
Allowance Coverage 7.73x
+41.8% YoY
+1.1% QoQ
 -10.98x 18.71x 16.62x 20.23x 84%
Net Charge-off Rate (YTD) -0.1%
-0.1pp YoY
+0.1pp QoQ
 -0.3pp 0.3% 0.2% 0.2% 2%

Profitability

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
ROE 5.8%
-1.3pp YoY
-0.1pp QoQ
 -6.8pp 12.6% 9.3% 11.6% 11%
Cost of Funds (YTD) 1.7%
-0.1pp YoY
0.0pp QoQ
 -0.2pp 1.9% 1.8% 1.7% 39%
Net Income ($, YTD) $3.1M
-18.8% YoY
— QoQ
 -$16.2M $19.2M $25.2M $40.4M 5%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Credit Quality Leader

growth
#88 of 221 • Top 39.4% in tier

Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.

Why this signature
Delinquency Rate: 0.15%
(Tier: 0.87%, National: 0.98%)
better than tier avg
221 of 221 Mid-Market banks match · 920 nationally
→ Stable +1 banks QoQ | QoQ rank improving

Concerns (1)

Efficiency Drag

risk
#13 of 60 • Bottom 20.0% in tier

Efficiency ratio above 80% - operating costs elevated relative to revenue. Margin improvement opportunity.

Why this signature
Efficiency Ratio: 81.59%
(Tier: 59.73%, National: 70.05%)
worse than tier avg
60 of 60 Mid-Market banks match · 426 nationally
↓ Shrinking -64 banks QoQ | QoQ rank declining

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 885 peers in $1B-$10B

Top Strengths (4 metrics)

132
Nonperforming Asset Ratio
credit_quality
Value: 0.10%
Peer Median: 0.67%
#132 of 885 Top 14.8% in $1B-$10B
159
Delinquency Rate
credit_quality
Value: 0.15%
Peer Median: 0.87%
#159 of 882 Top 17.9% in $1B-$10B
173
Tier 1 Capital Ratio
capital
Value: 16.00%
Peer Median: 14.84%
#173 of 885 Top 19.4% in $1B-$10B
203
Loan-to-Deposit Ratio
liquidity
Value: 74.47%
Peer Median: 85.04%
#203 of 885 Top 22.8% in $1B-$10B

Top Weaknesses (5 metrics)

835
Efficiency Ratio
profitability
Value: 81.59%
Peer Median: 59.73%
#835 of 885 Bottom 5.8% in $1B-$10B
816
Return on Assets
profitability
Value: 0.52%
Peer Median: 1.39%
#816 of 885 Bottom 7.9% in $1B-$10B
767
Total Loans
size
Value: $787.94M
Peer Median: $1.96B
#767 of 885 Bottom 13.4% in $1B-$10B
743
Total Assets
size
Value: $1.18B
Peer Median: $2.79B
#743 of 885 Bottom 16.2% in $1B-$10B
711
Total Deposits
size
Value: $1.06B
Peer Median: $2.32B
#711 of 885 Bottom 19.8% in $1B-$10B
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