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Idaho: Banks’ Economic Impact

Banks support Idaho's economy with consumer, business and other loans, and by providing more than 8,000 people with a rewarding place to work.

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Jobs

Jobs

  • 8,685Employees

  • $842.4 MTotal Annual Compensation & Benefits

  • $96,995Average Total Compensation & Benefits

  • 11 Banks Headquartered in State

Source: FDIC branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis

Lending

Lending

  • $10.4 BNew Home Loans Booked in 2021

  • 32,247Number of New Home Loans in 2021

  • $255,000Median New Home Loan Size in 2021

  • $1.8 BSmall Business Loans

  • 165.2 KNumber of Small Business Loans

  • $10,643Average Small Business Loan

  • $780.0 MSmall Farm Loans

  • 13,417Number of Small Farm Loans

  • $61,552Average Small Farm Loan

Customers Highlight Idaho Trust’s Hard Work

In this video, Idaho Trust’s small business customers share their appreciation for the bank’s hard work and time helping them secure PPP loans. Throughout the process, the bank maintained consistent communication with their customers, understanding the difficult situation that the COVID-19 pandemic has created for them.

Source: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis

Customers

Customers

  • 3.8 MCustomers

  • $40.2 BDeposits

  • 30Banks Operating Branches

  • 443Branches & Offices

  • 217Branches Offering Low Fee Bank On-certified Accounts

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 98.3 KVolunteer Hours

  • $11.4 MCommunity Donations

Source: Estimates based on ABA 2020/2021 survey data

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