Welch State Bank
How we got $30.0M
Based on FDIC call report (2025).
What we know
What they do
Welch State Bank is a community bank that offers personal and business banking, loans, and financial education resources. It says it has served the communities it calls home for more than 100 years.
From the company's website. Industry: Banks & credit unions.
Employees over time
▲ 41% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 61 | $17.9M |
| 2021 | Form 5500 | 61 | $17.9M |
| 2022 | Form 5500 | 66 | $19.4M |
| 2023 | Form 5500 | 70 | $20.5M |
| 2024 | Form 5500 | 79 | $23.2M |
| 2025 | Form 5500 | 86 | $25.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Welch State Bank this business | $30.0M | — |
| FIRST NATIONAL BANK & TRUST COMPANY OF MIAMI Miami | $13.2M | 11.7 mi |
| NEO Federal Credit Union Miami | $1.9M | 11.8 mi |
| Ssb Holdings Inc Miami | $1.9M | 12.0 mi |
| Security Bank and Trust Company Miami | $10.8M | 12.0 mi |
| First National Bank & Trust Co Miami | $1.9M | 12.0 mi |
| City National Bank & Trust Miami | $1.9M | 12.0 mi |
The full calculation
These are the business's own reported figures, from its FDIC call report, not an estimate.
| Revenue range | $28.5M – $31.5M |
| EBITDA range | $5.8M – $6.4M |
| Industry (NAICS) | Depository credit intermediation (5221) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
“For more than 100 years, Welch State Bank has been rooted in the communities we serve—building relationships and helping generations of families and businesses grow.”
Leadership
- KBKevin BulllardSigned for the company · 2021 retirement-plan filing (Form 5500)
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Welch State Bank
Welch State Bank is a banks & credit unions company in Welch, Oklahoma, in business since 1923. It is owned by James Stoner (Bank President). Its reported annual revenue is about $30.0M, with roughly $6.1M of EBITDA. It has about 86 employees.
Common questions
- Who owns Welch State Bank?
- Welch State Bank is owned by James Stoner (Bank President), according to public sources such as the company's website or filings.
- How much revenue does Welch State Bank make?
- Welch State Bank reported revenue of about $30.0M.
- How many employees does Welch State Bank have?
- About 86, from its 2025 retirement-plan filing.
- When was Welch State Bank founded?
- Welch State Bank has been in business since 1923.