America's Banks
Jump to Content

South Dakota: Banks’ Economic Impact

Banks support South Dakota's economy with consumer, business and other loans, and by providing more than 11,000 people with a rewarding place to work.

Find State-by-State Data #
South Dakota map icon
Jobs

Jobs

  • 11,548Employees

  • $1.1 BTotal Annual Compensation & Benefits

  • $98,929Average Total Compensation & Benefits

  • 56Banks Headquartered in State

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

Lending

Lending

  • $1.9 BNew Home Loans Booked in 2023

  • 6,716Number of New Home Loans in 2023

  • $265,000Median New Home Loan Size in 2023

  • $3 BSmall Business Loans

  • 54 KNumber of Small Business Loans

  • $54,893Average Small Business Loan

  • $172.4 MSmall Farm Loans

  • 1,684Number of Small Farm Loans

  • $102,364Average Small Farm Loan

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

Customers

Customers

  • $797 BDeposits

  • 82Banks Operating Branches

  • 433Branches & Offices

  • 107Branches Offering Low Fee Bank On-certified Accounts

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

Submit your bank's story

Submit your story