State Exchange Bank
How we got $6.4M
Based on FDIC call report (2025).
Employees over time
▲ 8% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 13 | $3.8M |
| 2021 | Form 5500 | 12 | $3.5M |
| 2022 | Form 5500 | 13 | $3.8M |
| 2023 | Form 5500 | 13 | $3.8M |
| 2024 | Form 5500 | 15 | $4.4M |
| 2025 | Form 5500 | 14 | $4.1M |
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.
What we know
What they do
The State Exchange Bank describes itself as a hometown bank, operating since 1901. The page provides no further detail on its services or customers.
From the company's website. Industry: Banks & credit unions.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| State Exchange Bank this business | $6.4M | — |
| Bank7 Medford | $1.8M | 12.7 mi |
| Farmers Exchange Bank Tonkawa | $1.8M | 13.7 mi |
| RCB Bank Blackwell | $1.8M | 16.5 mi |
| Central National Bank Blackwell | $1.8M | 16.5 mi |
| BancFirst Blackwell | $1.8M | 17.0 mi |
| Cowboy Bank North Enid | $22.5M | 24.9 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
These are the business's own reported figures, from its FDIC call report, not an estimate.
| Revenue range | $6.0M – $6.7M |
| EBITDA range | $-1.1M – $-1.3M |
| 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
History & advisors
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 Roles are as stated there and may be out of date.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 State Exchange Bank
State Exchange Bank is a banks & credit unions company in Lamont, Oklahoma, in business since 1901. It is owned by Chad F. Muegge. Its reported annual revenue is about $6.4M, with roughly $-1.2M of EBITDA. It has about 14 employees.
Common questions
- Who owns State Exchange Bank?
- State Exchange Bank is owned by Chad F. Muegge, according to public sources such as the company's website or filings.
- How much revenue does State Exchange Bank make?
- State Exchange Bank reported revenue of about $6.4M.
- How many employees does State Exchange Bank have?
- About 14, from its 2025 retirement-plan filing.
- When was State Exchange Bank founded?
- State Exchange Bank has been in business since 1901.