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North Carolina: Banks’ Economic Impact

Banks support North Carolina's economy with consumer, business and other loans, and by providing more than 102,000 people with a rewarding place to work.

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Serving Customers

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Jobs

Jobs

  • 102,850Employees

  • $16.7 BillionTotal Annual Compensation & Benefits

  • $161,930Average Total Compensation & Benefits

  • 39Banks Headquartered in State

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

Lending

Lending

  • $37.2 BillionNew Home Loans Booked in 2024

  • 104,044Number of New Home Loans in 2024

  • $315,000Median New Home Loan Size in 2024

  • $21.3 BillionSmall Business Loans

  • 773.6 ThousandNumber of Small Business Loans

  • $27,485Average Small Business Loan

  • $2.1 BillionSmall Farm Loans

  • 37,020Number of Small Farm Loans

  • $57,288Average Small Farm Loan

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

Customers

Customers

  • $693 BillionDeposits

  • 91Banks Operating Branches

  • 2,029Branches & Offices

  • 1,493Branches Offering Low Fee Bank On-certified Accounts

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

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