The Halstead Bank
The Halstead Bank is a privately held, FDIC-insured community bank founded in 1882 in Halstead, Kansas, operating three branches and offering deposit products, consumer and commercial loans, agri-business financing, and digital banking to retail and small-business customers in Harvey and Sedgwick counties.
- Company typePrivate
- Founded1882
- HeadquartersHalstead, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What The Halstead Bank does
The Halstead Bank is a privately held community bank founded in 1882 and headquartered in Halstead, Kansas, operating under an FDIC-insured charter (NMLS #619328). As of December 31, 2023, the bank reported total assets of $166.1 million, total deposits of $150.2 million, net loans of $117.1 million, and total capital of $13.4 million, serving customers across Harvey and Sedgwick counties through three full-service branches (Halstead, Maize, and Valley Center) plus an ATM location in Bentley, Kansas. The bank's customer base spans individual consumers, small businesses, agricultural borrowers, real estate borrowers, and seniors, addressed through a horizontal segmentation approach.
The bank's product suite is organized into deposit products (personal checking, Silver Plus Club Checking for seniors 62+, Super NOW Interest Checking, money market accounts, Security Investment Accounts, regular savings, certificates of deposit with terms from 91 days to five years, and IRAs including Traditional, Roth, Education, and SEP) and loan products (personal, agri-business, commercial, real estate, and a reserve overdraft line of credit). Digital infrastructure is delivered through third-party platforms: Digital Insight powers the web-based online banking, while native iOS and Android applications, a mobile website, text-message banking, and mobile deposit capture extend access. Security features include 128-bit SSL encryption and multifactor authentication with device registration.
Revenue is generated primarily through interest income from the $117.1M loan portfolio and $33.1M in other earning assets, supplemented by transaction-based fees (overdraft at $30 per item with a $300 daily maximum, wire transfers, cashier's checks, notary services, safe deposit boxes) and merchant card services. Distribution combines physical branches with drive-thru service, online and mobile banking, telephone banking (24/7 voice response), and an ATM network connected to the PLUS and CIRRUS networks. The bank is closely held by the Williams family, with Alex K. Williams serving as President & CEO and Chairman of the Board, Anne Williams as EVP-Compliance & BSA Officer and Director, Larry K. Williams as Chairman Emeritus, and Grant T. Williams as Director; Steven J. McGinn serves as Senior Vice President & Chief Lending Officer and Director, and Karen D. Pjesky as SVP & CFO.
The Halstead Bank firmographics
Firmographics- Name
- The Halstead Bank
- Legal name
- The Halstead Bank
- Website
- https://halsteadbank.com
- Company type
- Private
- Founded year
- 1882
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Halstead Bank is a privately held, FDIC-insured community bank founded in 1882 in Halstead, Kansas, operating three branches and offering deposit products, consumer and commercial loans, agri-business financing, and digital banking to retail and small-business customers in Harvey and Sedgwick counties.
- Ownership category
- akta.pro rank
The Halstead Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Prime Unsecured Personal Loans (Installment) (FSAKAAAA)
Keywords
Where The Halstead Bank is headquartered
LocationHeadquarters
- HQ city
- Halstead
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
The Halstead Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Loans: The bank earns interest income from its loan portfolio including personal loans, commercial loans, agricultural loans, and real estate mortgages. Net loans as of December 31, 2023 were $117,074,858.20
- Deposit Account Fees and Charges: Monthly service fees, dormant account fees, overdraft fees ($30 per item, daily maximum $300), wire transfer fees, and other account-related charges
- Interest on Investment Securities: Income from Other Earning Assets totaling $33,099,343.92 as of year-end 2023
- Merchant Card Services: Merchant Visa/Mastercard services allowing businesses to accept credit card payments
- Other Banking Services: Revenue from safe deposit boxes ($15-$60), cashier's checks ($4), notary services ($5), collection items ($5), wire transfers ($15 domestic, $30 international)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | 91-Day CD: $2,500 minimum, 1.51% APY |
| Subscription | Annual | 182-Day CD: $2,500 minimum, 2.02% APY |
| Subscription | Annual | One-Year CD: $1,000 minimum, 3.15% APY |
| Subscription | Annual | Two-Year CD: $1,000 minimum, 3.15% APY |
| Subscription | Annual | Three-Year CD: $1,000 minimum, 3.15% APY |
| Subscription | Annual | Five-Year CD: $1,000 minimum, 3.30% APY |
| Subscription | Monthly | Super NOW Account: $1,000 minimum, 0.20% APY |
| Subscription | Annual | Statement Savings: $100 minimum, 0.25% APY |
| Subscription | Monthly | Money Market Account: $1,000 minimum, 0.50% APY |
| Subscription | Monthly | Security Investment Account: $10,000 minimum, 0.50%-0.75% APY |
| Subscription | Annual | IRA Accounts: $250-$1,000 minimum |
| Other | Monthly | Personal Checking: No monthly fees |
| Transaction based/ take rate | Pay-as-you-go | Overdraft/Return/Nonsufficient Item: $30 per item |
| Freemium | Monthly | Online & Mobile Banking: Free |
| Freemium | Monthly | Online Bill Payment: Free |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
The Halstead Bank product offering
Product offeringCore offering
The Halstead Bank is a privately held community bank offering a comprehensive suite of retail and commercial banking products. It provides deposit products (checking, savings, CDs, IRAs), loan products (personal, agricultural, commercial, real estate), digital banking (online and mobile), merchant card services, and ancillary services such as wire transfers, safe deposit boxes, and notary services. The bank operates three full-service branches plus an ATM in Harvey and Sedgwick counties in Kansas.
Product overview
The Halstead Bank is a regional community bank offering a comprehensive suite of banking products organized into two primary categories: deposit products and loan products. The core digital banking platform consists of Online Banking (web-based), Mobile Banking (smartphone/tablet apps, mobile website, text banking, and mobile check deposit), and Telephone Banking. Deposit offerings include multiple checking account types (Personal Checking, Silver Plus Club Checking, Super NOW Interest Checking, Money Market Checking/Savings, Security Investment Account), Regular and Money Market Savings, Certificates of Deposit (91-day to 5-year terms), Individual Retirement Accounts (Traditional, Roth, Education, SEP), Commercial Accounts, and Overdraft Privilege. Loan products encompass Personal Loans, Agri-Business Loans, Commercial Loans, Real Estate Loans (with fixed and variable rate options), and Reserve Overdraft Line of Credit. Additional services include Online Bill Payment, Financial Calculators, Wire Transfers, Night Depositories, Safe Deposit Boxes, and Merchant Card Services. The bank operates across three Kansas locations (Halstead, Maize, Valley Center) with FDIC insurance and NMLS-registered loan officers.
Differentiator
Problem solved
Functional benefit
Products and services
- Online Banking
- Mobile Banking
- Telephone Banking
- Personal Checking
- Silver Plus Club Checking
- Super NOW Interest Checking
- Money Market Checking/Savings
- Security Investment Account
- Regular Savings
- Money Market Savings
- Certificates of Deposit (CDs)
- Individual Retirement Accounts (IRAs)
- Commercial Accounts
- ATM, Debit & Credit Cards
- Overdraft Privilege
- Personal Loans
- Agri-Business Loans
- Commercial Loans
- Real Estate Loans
- Reserve Overdraft Line of Credit
- Online Bill Payment
- Additional Banking Services
Quantifiable outcome
- Net Loans increased from $102,380,955.13 (2022) to $117,074,858.20 (2023)
- +1 more outcomes
Companies that use The Halstead Bank
Customer profileSegments5 records
Ideal customer profiles4 records
The Halstead Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
The Halstead Bank partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Elan Financial ServicescoreElan Financial Services provides credit card issuing services and zero fraud liability protection for The Halstead Bank's Visa Debit Card and credit card products. Cards are issued by Elan Financial Services pursuant to licenses from Visa and Mastercard.
- Digital InsightcoreDigital Insight provides the online banking platform infrastructure for The Halstead Bank's online banking services including account access, bill payment, and transaction capabilities.
- Apple Inc.coreApple provides the App Store platform for The Halstead Bank's mobile banking application for iPhone and iPad devices.
- Google LLCcoreGoogle provides the Google Play platform for The Halstead Bank's Android mobile banking application.
- VisacoreVisa provides the debit and credit card payment network and licensing for The Halstead Bank's Visa Debit Card and credit card products.
- MastercardcoreMastercard provides the payment network and licensing for The Halstead Bank's merchant card services allowing acceptance of Mastercard payments.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
The Halstead Bank competitors and assessment
Company assessmentEmerging players
- Bell Bank: Employee-owned community bank expanding into the central US with consumer, commercial, and ag lending; an emerging direct competitor as it grows into south-central Kansas markets.
Direct peers
- INTRUST Bank: Wichita, Kansas-headquartered community bank offering consumer and commercial banking, ag lending, and digital channels; a regional direct competitor for deposits and loans in Sedgwick County.
- Heartland Tri-State Bank: Community bank serving agricultural and small-business customers in the central US with comparable deposit and ag-lending products; analogous operating model and rural footprint.
- Emprise Bank: Kansas-based community bank with comparable consumer and small-business deposit and lending focus across multiple in-state branches; directly competes with Halstead for relationship-based banking in overlapping trade areas.
- Equity Bank: Kansas-headquartered community bank with multi-branch footprint, consumer deposit and loan products, and ag/commercial lending; a directly comparable community-bank peer operating in Halstead's adjacent markets.
- Sunflower Bank, N.A. Kansas-chartered community bank offering full consumer, commercial, and ag lending with branch and digital channels; competes for the same small-business and retail deposit relationships in south-central Kansas.
- Citizens Bank of Kansas: Small Kansas-chartered community bank with similar deposit and loan product mix and relationship-based ag lending; closely comparable in scale and operating model to Halstead Bank.
- Capitol Federal Savings Bank: Kansas-chartered savings institution providing deposit accounts, mortgage lending, and digital banking with branch presence in Sedgwick County; competing depository serving overlapping consumer and small-business customers.
Broad incumbents
- Bank of America: National commercial bank with full-service branches and digital banking in Halstead's broader metro region; competes for consumer and small-business deposit and credit relationships as a broad incumbent.
- Wells Fargo: National commercial bank with deposit, lending, and merchant card products serving consumers and small businesses across Kansas; provides broad-incumbent competitive pressure on community bank wallet share.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
The Halstead Bank compliance and trust
Trust signalCompliance7 records
The Halstead Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Halstead Bank leadership team
Management profileNumber of profiles
Profiles14 records
The Halstead Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Halstead Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Halstead Bank
What does The Halstead Bank do?
The Halstead Bank is a privately held community bank offering a comprehensive suite of retail and commercial banking products. It provides deposit products (checking, savings, CDs, IRAs), loan products (personal, agricultural, commercial, real estate), digital banking (online and mobile), merchant card services, and ancillary services such as wire transfers, safe deposit boxes, and notary services. The bank operates three full-service branches plus an ATM in Harvey and Sedgwick counties in Kansas.
Is The Halstead Bank a public or private company?
The Halstead Bank is a private company. It is classified as family owned and is currently operating.
When was The Halstead Bank founded?
The Halstead Bank was founded in 1882. It employs 11 to 50 people.
Where is The Halstead Bank based?
The Halstead Bank is headquartered in Halstead, United States, in the North America region.
How does The Halstead Bank make money?
Five revenue lines are on record. Interest Income from Loans are the primary driver. The others are deposit Account Fees and Charges, interest on Investment Securities, merchant Card Services and other Banking Services.
Who are The Halstead Bank's main competitors?
Bell Bank is listed as an emerging player. Direct peers are INTRUST Bank, Heartland Tri-State Bank, Emprise Bank, Equity Bank, Sunflower Bank, N.A., Citizens Bank of Kansas and Capitol Federal Savings Bank. Broad incumbents are Bank of America and Wells Fargo.
Does The Halstead Bank have an API?
No public API is recorded for The Halstead Bank.
What industry is The Halstead Bank in?
The Halstead Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 5221 and its SIC code is 6022.