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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.

Find State-by-State Data #
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Jobs

Jobs

  • 10,607Employees

  • $815.8 MTotal Annual Compensation & Benefits

  • $76,912Average Total Compensation & Benefits

  • 74Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $1 BSmall Business Loans Outstanding

  • $2.2 BNew Home Loans Booked in 2018

  • 10,945Number of New Home Loans in 2018

  • $165,000Median New Home Loan Size in 2018

  • $693.5 MSmall Farm Loans Outstanding

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Saving Jobs in North Dakota

A woman wearing a mask and apron operates an espresso machine

Paycheck Protection Program loans delivered much-needed financial relief to businesses in North Dakota during the COVID-19 pandemic. Ninety-five percent of the 176,000+ jobs saved were a result of PPP government loans facilitated by America’s banks.

More stories on Lending #

Source: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 684 KTotal Customers

  • $29.5 BDeposits

  • 582.8 KConsumer

  • 124.5 KSmall Business

  • 116.2 KSmall Farm

  • 85Banks Operating Branches

  • 423Branches & Offices

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 136.3 KVolunteer hours

  • $20.8 MCommunity Donations

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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