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Kansas: Banks’ Economic Impact

Banks support Kansas’s economy with consumer, business and other loans, and by providing more than 22,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 22,545Employees

  • $1.8 BTotal Annual Compensation & Benefits

  • $81,095Average Total Compensation & Benefits

  • 219Banks Headquartered in State

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $11.5 BNew Home Loans Booked in 2020

  • 50,643Number of New Home Loans in 2020

  • $185,000Median New Home Loan Size in 2020

  • $4.9 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 50,469PPP Loans

  • $20,800Median PPP Loan

  • 555.5 KJobs Supported by PPP

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 4.8 MCustomers

  • $89 BDeposits

  • 271Banks Operating Branches

  • 1,416Branches & Offices

  • 102Branches Offering Low Fee Bank On-certified Accounts

Helping Customers Stay Safe

At Bank of Labor's community bank locations in the Kansas City area, lobbies were temporarily closed in mid-April through May during the COVID-19 crisis in order to reduce staff and customer exposure risk. They reopened in June with new safety measures in place, including sneeze guards, mask requirements, crowd size limitations, plus floor markings and signs for social distancing.

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 108.6 KVolunteer Hours

  • $45.2 MCommunity Donations

Where Volunteerism is a Major Focus

Denison State Bank in Kansas has made volunteerism a core value. For its continual donation of time and dollars to its community, the bank was honored with a major award from Federal Home Loan Bank Topeka.

Source: Estimates based on ABA 2020/2021 survey data

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