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Kentucky: Banks’ Economic Impact

Banks support Kentucky's economy with consumer, business and other loans, and by providing more than 26,000 people with a rewarding place to work.

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Jobs

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Jobs

Jobs

  • 26,569Employees

  • $2.4 BillionTotal Annual Compensation & Benefits

  • $89,582Average Total Compensation & Benefits

  • 121Banks Headquartered in State

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

Lending

Lending

  • $8.9 BillionNew Home Loans Booked in 2024

  • 33,529Number of New Home Loans in 2024

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

  • $7.2 BillionSmall Business Loans

  • 228.1 ThousandNumber of Small Business Loans

  • $31,565Average Small Business Loan

  • $471.6 MillionSmall Farm Loans

  • 7,181Number of Small Farm Loans

  • $65,676Average Small Farm Loan

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

Customers

Customers

  • $116 BillionDeposits

  • 157Banks Operating Branches

  • 1,477Branches & Offices

  • 488Branches Offering Low Fee Bank On-certified Accounts

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

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