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Montana: Banks’ Economic Impact

Banks support Montana's economy with consumer, business and other loans, and by providing more than 7,000 people with a rewarding place to work.

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Jobs

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Jobs

Jobs

  • 7,266Employees

  • $690.8 MillionTotal Annual Compensation & Benefits

  • $95,077Average Total Compensation & Benefits

  • 36Banks Headquartered in State

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

Lending

Lending

  • $2.9 BillionNew Home Loans Booked in 2024

  • 7,222Number of New Home Loans in 2024

  • $355,000Median New Home Loan Size in 2024

  • $2.9 BillionSmall Business Loans

  • 93.4 ThousandNumber of Small Business Loans

  • $30,907Average Small Business Loan

  • $324.8 MillionSmall Farm Loans

  • 4,383Number of Small Farm Loans

  • $74,109Average Small Farm Loan

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

Customers

Customers

  • $35.5 BillionDeposits

  • 50Banks Operating Branches

  • 372Branches & Offices

  • 95Branches Offering Low Fee Bank On-certified Accounts

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

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