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Mississippi: Banks’ Economic Impact

Banks support Mississippi's economy with consumer, business and other loans, and by providing more than 16,000 people with a rewarding place to work.

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Serving Customers

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Jobs

Jobs

  • 16,621Employees

  • $1.4 BillionTotal Annual Compensation & Benefits

  • $81,368Average Total Compensation & Benefits

  • 59Banks Headquartered in State

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

Lending

Lending

  • $4.4 BillionNew Home Loans Booked in 2024

  • 17,230Number of New Home Loans in 2024

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

  • $5.7 BillionSmall Business Loans

  • 163.6 ThousandNumber of Small Business Loans

  • $34,859Average Small Business Loan

  • $503.1 MillionSmall Farm Loans

  • 9,487Number of Small Farm Loans

  • $53,030Average Small Farm Loan

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

Customers

Customers

  • $77.8 BillionDeposits

  • 86Banks Operating Branches

  • 1,100Branches & Offices

  • 444Branches Offering Low Fee Bank On-certified Accounts

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

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