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Arkansas: Banks’ Economic Impact

Banks support Arkansas's economy with consumer, business and other loans, and by providing more than 18,000 people with a rewarding place to work.

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Jobs

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Jobs

Jobs

  • 18,101Employees

  • $1.6 BillionTotal Annual Compensation & Benefits

  • $87,935Average Total Compensation & Benefits

  • 78Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $6.2 BillionNew Home Loans Booked in 2024

  • 23,016Number of New Home Loans in 2024

  • $235,000Median New Home Loan Size in 2024

  • $6.7 BillionSmall Business Loans

  • 185.3 ThousandNumber of Small Business Loans

  • $36,391Average Small Business Loan

  • $573.8 MillionSmall Farm Loans

  • 13,203Number of Small Farm Loans

  • $43,461Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $102.3 BillionDeposits

  • 111Banks Operating Branches

  • 1,331Branches & Offices

  • 695Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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