$88.0M
total assets, December 31, 2009
Key West Bank was a savings bank in Key West, FL. It failed on Mar 26, 2010, and Centennial Bank took over its deposits. At its last report it held $88.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Mar 26, 2010
- Assets
- $88.0M
- Deposits
- $67.7M
- Estimated cost
- $16.2M
- Deposits went to
- Centennial Bank, Conway, AR
Total assets
$88.0M
-15.1% in a year · -11.8% in a quarter
Deposits
$67.7M
-8.5% in a year · -10.3% in a quarter
Loans
$66.6M
-21.2% in a year · -6.7% in a quarter
Profit so far
-$6.5M
Jan 1 to Dec 31, 2009
Capital ratio
0.06%
-5.86 pts in a year
Return on assets
-6.93%
-4.53 pts in a year
Facts
- Type
- Savings bank
- Head office
- 701 Whitehead Street, Key West, FL, 33040
- County
- Monroe
- Established
- Feb 8, 1999
- Failed
- Mar 26, 2010
- Employees
- 16
- Branches
- 1
- Id
- b34684
Quarter by quarter
March 31, 1999 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Key West Bank?
$88.0 million in total assets and $67.7 million in deposits as of December 31, 2009, with assets down 15.1% from a year before. Its loans were $66.6 million.
How many branches does Key West Bank have?
1 branch in Florida as of June 30, 2026.
Is Key West Bank profitable?
No: it lost $6.49 million from January 1 to December 31, 2009. Its return on assets was -6.93% a year; about 1% is typical.
When did Key West Bank fail?
Mar 26, 2010. Centennial Bank of Conway, AR took over its deposits. The estimated cost of the failure was $16.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.