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Arizona: Banks' Economic Impact

Banks support Arizona's economy with consumer, business and other loans, and by providing more than 63,000 people with a rewarding place to work.

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Jobs

Jobs

  • 63,978Employees

  • $7.1 BTotal Annual Compensation & Benefits

  • $110,989Average Total Compensation & Benefits

  • 14Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $29.3 BNew Home Loans Booked in 2023

  • 71,915Number of New Home Loans in 2023

  • $365,000Median New Home Loan Size in 2023

  • $11.7 BSmall Business Loans

  • 543.4 KNumber of Small Business Loans

  • $21,485Average Small Business Loan

  • $1.5 BSmall Farm Loans

  • 22,210Number of Small Farm Loans

  • $69,107Average Small Farm Loan

Source: FFIEC HMDA 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $209 BDeposits

  • 71Banks Operating Branches

  • 1,004Branches & Offices

  • 828Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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