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New Hampshire: Banks’ Economic Impact

Banks support New Hampshire’s economy with consumer, business and other loans, and by providing more than 5,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 5,761Employees

  • $665.8 MTotal Annual Compensation & Benefits

  • $115,568Average Total Compensation & Benefits

  • 19Banks Headquartered in State

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis

Lending

Lending

  • $4.8 BNew Home Loans Booked in 2022

  • 12,832Number of New Home Loans in 2022

  • $345,000Median New Home Loan Size in 2022

  • $2.6 BSmall Business Loans

  • 106 KNumber of Small Business Loans

  • $24,103Average Small Business Loan

  • $205.6 MSmall Farm Loans

  • 3,457Number of Small Farm Loans

  • $59,484Average Small Farm Loan

Sign for a drive-thru lane for PPP loans

Loans to Small Businesses During COVID-19

Sign for a drive-thru lane for PPP loans

During the COVID-19 pandemic, Franklin Savings Bank in New Hampshire designated its Tilton location for drive-up PPP loan closings—keeping bankers and customers at a safe distance and requiring only three bank staff to be present to complete the transactions.

More stories on Lending #

Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis

Customers

Customers

  • $51 BDeposits

  • 42Banks Operating Branches

  • 394Branches & Offices

  • 210Branches Offering Low Fee Bank On-certified Accounts

In the Neighborhood

With 11 branches throughout New Hampshire, Passumpic Bank helps local businesses thrive. The bank’s Main Street presence allows bankers to get to know the business owners and their individual needs to provide personal service that fuels the local economy.

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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