The Baxter State Bank, Financial Information

AboutThe Baxter State Bank

 Address:
1401 Military Avenue
Baxter Springs,KS
Cherokee County,Kansas
 Established:
Jan 1905
 Number of domestic offices:
1
Total assets$26M
Net income$0M
Net income,quarterly$0M
Total deposits$20M
Domestic deposits$20M
Equity capital$6M
ROA0.25%
ROAQ,quarterly-0.31%
ROA,pretax-0.31%
ROAQ,quarterly,pretax-0.32%
ROE1.08%
ROEQ,quarterly-1.38%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Baxter State Bank has been serving the local community since 1905. The Baxter State Bank opened its doors for banking business on April 21, 1905. By 1908 expansion was necessary. Plans for construction of a new bank building were made and in 1910 the building was ready for occupancy at 1036 Military. In 1914 Will Hartley was elected president, a position which he held for twenty-five years. Deposits had climbed to over $90,000 and the condition of the bank was declared “Good and Prosperous”. During the first eight years in the new building, deposits multiplied eight times over. In 1928, The Baxter State Bank was declared the strongest bank in Cherokee County and was most commonly known as the “Million Dollar Bank”.

Due to continued increased business, ground was broken at the corner of Fourteenth Street and Military Avenue for the site of the existing bank building. A building of modern round design featuring the latest in banking equipment and furnishings soon favored main street. For more than 100 years the bank have continually modernized its equipment and speeded its services… but never at the expense of a warm personal relationship with its customer and community. The Baxter State Bank has maintained a consistent policy for conservatism and intelligence that has characterized its existence since its founding in 1905.

Baxter State Bank
PO Box 71
Baxter Springs KS 66713
Phone (620) 856-2323
Fax (620) 856-2226