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South Carolina: Banks’ Economic Impact

Banks support South Carolina's economy with consumer, business and other loans, and by providing more than 29,000 people with a rewarding place to work.

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Jobs

Jobs

  • 29,724Employees

  • $3.1 BillionTotal Annual Compensation & Benefits

  • $103,785Average Total Compensation & Benefits

  • 43Banks Headquartered in State

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

Lending

Lending

  • $19.3 BillionNew Home Loans Booked in 2024

  • 58,397Number of New Home Loans in 2024

  • $285,000Median New Home Loan Size in 2024

  • $10.4 BillionSmall Business Loans

  • 359 ThousandNumber of Small Business Loans

  • $28,903Average Small Business Loan

  • $847.5 MillionSmall Farm Loans

  • 13,359Number of Small Farm Loans

  • $63,445Average Small Farm Loan

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

Customers

Customers

  • $127 BillionDeposits

  • 77Banks Operating Branches

  • 1,174Branches & Offices

  • 674Branches Offering Low Fee Bank On-certified Accounts

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

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