First State Bank
How we got $5.2M
Based on FDIC call report (2025).
What we know
What they do
First State Bank is a family-owned bank headquartered in Tahlequah, OK, offering personal and business banking, loans, and digital banking services.
From the company's website. Industry: Banks & credit unions.
Customers & suppliers
Suppliers & brands
- Rocket Mortgage · brand it sells or installs
- Kasasa · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DRUMMOND CATTLE LLC · Tulsa, 58 mi · $129.6M
- BERRY & BERRY ACQUISITION · Tahlequah, 1 mi · $93.3M
- LIVESAY ORCHARDS · Porter, 32 mi · $35.7M
- GREEN ACRE SOD FARMS, INC · Bixby, 50 mi · $31.1M
- SANDER'S NURSERY & DISBRIBUTION · Broken Arrow, 43 mi · $18.3M
- FOLDS OF HONOR FOUNDATION · Owasso, 55 mi · $75.9M
- ROMAN CATHOLIC DIOCESE OF TULSA · Broken Arrow, 49 mi · $68.3M
- WILLIE GEORGE MINISTRIES, INC · Tulsa, 51 mi · $59.6M
- VICTORY CHRISTIAN CENTER INC · Tulsa, 56 mi · $56.8M
- THE CHURCH AT BATTLECREEK INC. · Broken Arrow, 49 mi · $44.9M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| First State Bank this business | $5.2M | — |
| Maxlou Bancshares Inc Tahlequah | $1.8M | 0.0 mi |
| Local Bank Tahlequah | $1.8M | 0.2 mi |
| Armstrong Bank Tahlequah | $1.8M | 0.2 mi |
| Bank of America ATM Tahlequah | $1.8M | 0.5 mi |
| Arvest Bank Tahlequah | $1.8M | 0.6 mi |
| BancFirst Tahlequah | $1.8M | 0.8 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 | $4.9M – $5.4M |
| EBITDA range | $461K – $509K |
| 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 First State Bank
First State Bank is a family-owned banks & credit unions company in Tahlequah, Oklahoma, in business since 1977. It is owned by Andrew Wells. Its reported annual revenue is about $5.2M, with roughly $485K of EBITDA.
Common questions
- Who owns First State Bank?
- First State Bank is owned by Andrew Wells, according to public sources such as the company's website or filings.
- How much revenue does First State Bank make?
- First State Bank reported revenue of about $5.2M.
- When was First State Bank founded?
- First State Bank has been in business since 1977.