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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 10,000 people with a rewarding place to work.

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  • 10,997Employees

  • $1 BTotal Annual Compensation & Benefits

  • $91,371Average Total Compensation & Benefits

  • 70Banks Headquartered in State

Source: FDIC Call Report year-end 2020, estimates based on ABA 2020/2021 survey data



  • $4.8 BNew Home Loans Booked in 2020

  • 19,411Number of New Home Loans in 2020

  • $205,000Median New Home Loan Size in 2020

  • $1.7 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 18,040PPP Loans

  • $20,833Median PPP Loan

  • 177.2 KJobs Supported by PPP

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: HMDA, SBA PPP Loans, ABA analysis



  • 697.3 KCustomers

  • $38.4 BDeposits

  • 78Banks Operating Branches

  • 416Branches & Offices

  • 40Branches Offering Low Fee Bank On-certified Accounts

Supporting Customers During the Pandemic

Choice Bank, a Midwest business bank, recognized the significant impacts the COVID-19 pandemic would have on its customers. To provide updates, information and transparency, they created a landing page where customers could find helpful links and resources pertaining to their physical and financial health.

Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

Giving Back

Giving Back

  • 101.3 KVolunteer Hours

  • $18 MCommunity Donations

Source: Estimates based on ABA 2020/2021 survey data

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