Kaw Valley State Bank

What Kaw Valley State Bank does

Kaw Valley State Bank, now operating under the trade name Farmers State Bank, is a Kansas state-chartered community bank that has operated continuously since its founding on March 18, 1907 in Oakley, Kansas. The bank is held by Security Bancshares, Inc. (acquired the bank in August 1989) and operates a full-service Eudora branch plus the original Oakley headquarters, supported by two ATMs (Main Street and 1303 Church Street). It serves individual consumers, senior customers (62+), and small-to-medium local businesses in Eudora and Oakley, Kansas, with total assets of $304.4M and total capital of $32.9M as of December 31, 2024. The institution holds FDIC Certificate #1867.

The product set is a traditional community bank portfolio: personal checking (Basic, Regular, Senior, Super Now), personal savings and money market accounts, IRAs, certificates of deposit, plus business checking, business savings/money market, and business CDs. Lending and card products include personal loans, business loans, and a bank-branded Visa Platinum credit card with unlimited rewards. The digital layer is delivered through a Fiserv-powered online banking platform and mobile application providing real-time balances, mobile deposit capture (capped at $2,000 per check and $4,000 daily), bill pay, e-statements with 13-month archives, card management, and Quicken Direct Connect integration.

Revenue is generated primarily through net interest income on the deposit and loan book, supplemented by transaction-based fees — account service charges (tiered monthly fees on Regular Checking of $4-$6 based on balance), per-debit fees ($0.20 excess), paper statement fees ($3.00), cancelled check copies ($1.00), ATM/debit card fees, and safety deposit box rentals ($12-$40 annually). Distribution is fully domestic and physically anchored, with two Kansas branches serving as the dominant channel and digital banking serving a self-service complement.

Name

Kaw Valley State Bank

Legal name

Farmers State Bank

Website

https://kawvalleystatebank.com

Company type

Private

Founded year

1907

Operating status

Operating

Headcount range

11–50 employees

Short description

Farmers State Bank (formerly Kaw Valley State Bank) is a Kansas state-chartered community bank serving individual, senior, and small-business customers in Eudora and Oakley, Kansas, with $304M in total assets and FDIC-insured deposits.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking
• Personal banking services
• Business banking services
• Deposit accounts
• Online mobile banking

Headquarters

HQ city

Eudora

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Interest Income: Traditional bank interest income from lending activities including personal loans, business loans, and credit card products
2. Account Service Charges: Monthly service charges, per-transaction fees, minimum balance fees, and excess withdrawal fees across personal and business checking and savings accounts
3. ATM and Debit Card Fees: Fees from ATM usage and debit card transactions
4. Safety Deposit Box Rental: Annual rental fees for safety deposit boxes ranging from $12 to $40 per year depending on size
5. Check Copies and Statement Fees: Fees for cancelled check copies and paper statements ($1.00 per check copy, $3.00 paper statement fee)

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Kaw Valley State Bank (now Farmers State Bank) is a community bank providing personal and business deposit accounts—checking, savings, money market, CDs, and IRAs—along with loans, credit cards, safety deposit boxes, and digital banking services including online banking, bill pay, e-statements, and mobile deposit capture.

Product overview

Kaw Valley State Bank (now Farmers State Bank) is a traditional community bank offering a portfolio of deposit accounts and financial services. Its core offering consists of personal and business checking and savings accounts, including Basic, Regular, Senior, and Super Now Checking variants, Money Market Accounts, Regular Savings, and Individual Retirement Accounts (IRAs) for personal customers, alongside Business Checking, Business Savings, and Business Certificates of Deposit for commercial customers. These deposit products are supplemented by a suite of digital banking services centered on a Fiserv-powered Online Banking platform, which integrates Bill Pay, E-Statements, and Mobile Deposit Capture as add-on modules accessible via both web and mobile app. Additional services include Safety Deposit Boxes, a VISA Platinum rewards credit card, and integrations with personal financial management tools Quicken Direct Connect and Money Management software. The bank positions itself as a 100+ year-old independent institution with $304 million in total assets (as of year-end 2024), serving the Eudora, Kansas community from a single branch with two ATMs.

Differentiator

Problem solved

Functional benefit

Products and services

• Basic Checking Entry-level personal checking account with unlimited check writing and free online banking with e-statements. Cancelled check copies available for $1.00 each.
• Regular Checking Personal checking account requiring $100 to open, with tiered monthly service charges based on minimum daily balance and 30 free debits/withdrawals per statement cycle.
• Senior Checking Personal checking account for customers aged 62 and over with no monthly service charge and two free boxes of senior checks per year.
• Super Now Checking Interest-bearing personal checking account requiring $1,000 to open, with no fee when balance is at or above $1,000 and 30 free debits/withdrawals per statement cycle.
• Money Market Account (Personal) Personal money market savings account with $2,500 minimum to avoid fees, limited debits/withdrawals per statement cycle, and a $3.00 fee per excess withdrawal.
• Regular Savings Personal savings account offering three free debits/withdrawals per month with $2.00 charged per excess withdrawal.
• Individual Retirement Accounts (IRAs) Retirement savings accounts requiring $500 to open, providing tax-advantaged savings options for personal banking customers.
• Business Money Market Account Business savings account requiring $2,500 to open, bearing interest with tiered monthly service charges based on lowest daily balance, and limited debits/withdrawals per statement cycle.
• Business Savings Account Business savings account requiring $100 to open that earns interest when daily balance is $100 or above, with three free withdrawals per month and $2.00 per excess debit.
• Business Certificate of Deposit Business CD with 182-day or 1-, 2-, and 5-year maturity options; minimum opening deposit of $2,500 for 182-day term or $500 for 1-, 2-, and 5-year terms, with early withdrawal penalties applying.
• Business Checking Business checking account requiring $300 to open with no minimum balance, monthly service charge of $6.00 plus $0.20 per debit, and an earnings credit based on lowest balance that reduces fees.
• Online Banking Real-time internet banking platform providing 24/7 access to account balances and transaction history, internal and external transfers, loan payments, and bill pay, accessible via computer, smartphone, Apple Watch, or tablet.
• Bill Pay Electronic bill payment service included free with online banking, supporting one-time and recurring payments (weekly, semi-monthly, monthly), available 24/7, disbursed via check or ACH to any payee in the US and US Territories.
• E-Statements Electronic statement delivery via online banking, replacing paper statements with a password-protected monthly statement accessible for up to 13 months of history, free to enrolled customers.
• Mobile Deposit Capture Mobile banking feature allowing customers to deposit checks remotely by photographing the front and back; deposits limited to $2,000 per check and $4,000 per day, with funds available within one business day.
• Mobile Banking App Mobile application powered by Fiserv enabling real-time balance viewing, account transfers, bill payment, transaction history, statement access, card management, and fraud alerts from a mobile device.
• Safety Deposit Boxes Secure storage boxes available in four sizes (2x5, 3x5, 5x5, 5x10) with annual rental fees ranging from $12 to $40; two keys provided, with a $2 autopay discount available.
• VISA Platinum Credit Card Farmers State Bank branded Visa credit card offering unlimited rewards on all purchases, issued through the bank's Oakley location and available to both personal and business customers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

One partnership is on record.

• FiservcoreTechnology or IntegrationFiserv provides the technology platform powering Kaw Valley State Bank's mobile banking application. Fiserv enables the bank to offer mobile deposit capture, card management, account access, and real-time banking services through the mobile app.

Scale indicators6 records

Recent moves9 records

Expansion highlights2 records

Regional players

• INTRUST Bank: Wichita, Kansas-headquartered community bank with full-service personal and business banking across Kansas. Direct comparable operating in the same state with similar personal/business deposit products, lending services, and community banking model.
• Sunflower Bank, N.A. Kansas-based community-focused commercial bank offering personal and business banking, lending, and treasury management. Comparable community banking model serving similar rural/small-city Kansas markets with parallel product sets.
• Equity Bank: Andover, Kansas-based community bank serving personal and small business customers across Kansas and Missouri with deposit products, commercial lending, and digital banking. Closely comparable in footprint, customer mix, and product portfolio.
• Capitol Federal Savings Bank: Topeka, Kansas-based thrift institution with deep Kansas retail deposit franchise and similar consumer-focused banking products. Comparable as a Kansas-headquartered, community-anchored deposit-gathering institution.
• Heartland Tri-State Bank: Community bank serving the High Plains region with personal and business banking products. Comparable as a small, independently operated community bank focused on relationship-based retail and SMB banking.
• ANB Bank: Community-oriented bank with multi-state Plains/Midwest presence offering personal and commercial banking products. Comparable as a similarly scaled community banking franchise in agricultural and small-town markets.

Direct peers

• Community National Bank & Trust: Small Kansas community bank serving personal and business customers with checking, savings, lending, and digital banking. Highly comparable in scale, product scope, and community banking orientation.
• First National Bank of Kansas: Independent community bank headquartered in Kansas offering personal and business deposit and lending products. Direct comparable in community banking model, Kansas footprint, and customer segments served.
• Citizens State Bank: Kansas community bank providing personal and commercial banking services. Direct comparable in scale, geographic concentration in Kansas, and core deposit/lending product offerings.

Others

• Fiserv: Core technology provider powering KVSB's mobile and online banking platform. Relevant as the upstream enabler/dependency for KVSB's digital channels rather than a competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kaw Valley State Bank