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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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Jobs

Jobs

  • 9,179Employees

  • $882.5 MTotal Annual Compensation & Benefits

  • $96,143Average Total Compensation & Benefits

  • 62Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $1.6 BNew Home Loans Booked in 2023

  • 5,849Number of New Home Loans in 2023

  • $255,000Median New Home Loan Size in 2023

  • $2.9 BSmall Business Loans

  • 51.2 KNumber of Small Business Loans

  • $56,545Average Small Business Loan

  • $121.5 MSmall Farm Loans

  • 1,612Number of Small Farm Loans

  • $75,387Average Small Farm Loan

Bismarck Bank Supports Butcher Shop Dream

After a long career in the butcher business, Dan Selensky and his wife Jess wanted to bring his vision of owning and operating a butcher shop to life. 

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

Customers

Customers

  • $39.7 BDeposits

  • 74Banks Operating Branches

  • 417Branches & Offices

  • 75Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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