Security State Bank
How we got $16.8M
Based on FDIC call report (2025).
What we know
What they do
Security State Bank is a bank serving Western Oklahoma, offering checking, savings, money market and certificate of deposit accounts along with agricultural, consumer, commercial and real estate loans.
From the company's website. Industry: Banks & credit unions.
Customers & suppliers
Suppliers & brands
- CLEAR · brand it sells or installs
Employees over time
▲ 14% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 36 | $10.6M |
| 2021 | Form 5500 | 34 | $10.0M |
| 2022 | Form 5500 | 33 | $9.7M |
| 2023 | Form 5500 | 36 | $10.6M |
| 2024 | Form 5500 | 38 | $11.1M |
| 2025 | Form 5500 | 41 | $12.0M |
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 |
|---|---|---|
| Security State Bank this business | $16.8M | — |
| First National Bank and Trust Elk City | $18.7M | 19.2 mi |
| Great Plains Bank - Administration Building Elk City | $1.9M | 19.3 mi |
| Great Plains Bank Elk City | $157.7M | 19.5 mi |
| InterBank Elk City | $1.9M | 19.8 mi |
| IBC Bank Elk City | $1.9M | 19.8 mi |
| Bank of Western Oklahoma Elk City | $32.6M | 20.6 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 | $15.9M – $17.6M |
| EBITDA range | $4.4M – $4.8M |
| 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
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.
2 locations
| 402 Broadway | Cheyenne | This listing |
| Jane Jayroe Blvd | Laverne | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Security State Bank
Security State Bank is a banks & credit unions company in Cheyenne, Oklahoma, in business since 1912. It is owned by Stuart Sander (President). Its reported annual revenue is about $16.8M, with roughly $4.6M of EBITDA. It has about 41 employees. It has 2 locations.
Common questions
- Who owns Security State Bank?
- Security State Bank is owned by Stuart Sander (President), according to public sources such as the company's website or filings.
- How much revenue does Security State Bank make?
- Security State Bank reported revenue of about $16.8M.
- How many employees does Security State Bank have?
- About 41, from its 2025 retirement-plan filing.
- When was Security State Bank founded?
- Security State Bank has been in business since 1912.