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 locally owned and operated bank in Watonga, Oklahoma, serving Blaine County and beyond with personal and business banking, loans, and digital banking.
From the company's website. Industry: Banks & credit unions.
Employees over time
▼ 13% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 15 | $4.1M |
| 2021 | Form 5500 | 17 | $4.6M |
| 2022 | Form 5500 | 13 | $3.5M |
| 2023 | Form 5500 | 12 | $3.3M |
| 2024 | Form 5500 | 13 | $3.5M |
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 |
|---|---|---|
| First State Bank this business | $5.2M | — |
| Bank7 Watonga | $984K | 0.2 mi |
| Bank7 Geary | $984K | 15.8 mi |
| Canton Bancshares Inc Canton | $4.7M | 17.3 mi |
| High Plains Bank Okeene | $13.2M | 19.6 mi |
| Bank of the West Thomas | $12.8M | 19.8 mi |
| First National Bank Thomas | $984K | 19.9 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
These are the business's own reported figures, from its FDIC call report, not an estimate.
| Revenue range | $5.0M – $5.5M |
| EBITDA range | $1.4M – $1.5M |
| Industry (NAICS) | Commercial Banking (522110) |
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
“First State Bank was founded in 1974 from that same pioneering spirit and a promise to make a difference by putting our community first.”
Leadership
- LOLori OsmusSigned 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 Roles are as stated there and may be out of date.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 First State Bank
First State Bank is a banks & credit unions company in Watonga, Oklahoma, in business since 1974. Its reported annual revenue is about $5.2M, with roughly $1.4M of EBITDA. It has about 13 employees.
Common questions
- Who owns First State Bank?
- The owner of First State Bank isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does First State Bank make?
- First State Bank reported revenue of about $5.2M.
- How many employees does First State Bank have?
- About 13, from its 2024 retirement-plan filing.
- When was First State Bank founded?
- First State Bank has been in business since 1974.