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North Dakota: Banks’ Economic Impact

Banks support North Dakota's economy with consumer, business and other loans, and by providing more than 9,000 people with a rewarding place to work.

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Serving Customers

Making a Difference for Minority and Women-Owned Small Businesses

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Jobs

Jobs

  • 9,250Employees

  • $907.6 MillionTotal Annual Compensation & Benefits

  • $98,120Average Total Compensation & Benefits

  • 62Banks Headquartered in State

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

Lending

Lending

  • $1.7 BillionNew Home Loans Booked in 2024

  • 6,017Number of New Home Loans in 2024

  • $265,000Median New Home Loan Size in 2024

  • $2.9 BillionSmall Business Loans

  • 51.2 ThousandNumber of Small Business Loans

  • $56,531Average Small Business Loan

  • $123.4 MillionSmall Farm Loans

  • 1,652Number of Small Farm Loans

  • $74,698Average Small Farm Loan

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

Customers

Customers

  • $40.6 BillionDeposits

  • 74Banks Operating Branches

  • 416Branches & Offices

  • 86Branches Offering Low Fee Bank On-certified Accounts

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

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