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Texas: Banks’ Economic Impact

Banks support Texas’s economy with consumer, business and other loans, and by providing more than 230,000 people with a rewarding place to work.

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  • 230,178Employees

  • $27 BTotal Annual Compensation & Benefits

  • $117,175Average Total Compensation & Benefits

  • 387Banks Headquartered in State

Austin Bank's HR department

Safety and Community in the Workplace

Austin Bank's HR department

The HR department of Texas’s Austin Bank stepped up to support employees during the COVID-19 pandemic with information, encouragement and resources to help them safely serve customers during the crisis. While the bank’s frontline staff interface with drive-thru customers and support small businesses with PPP loans, the HR team kept morale and safety top of mind by distributing coronavirus tips, setting up processes to take care of employees under the Families First Coronavirus Response Act (FFCRA) and more.

More stories on Jobs #

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $113 BNew Home Loans Booked in 2022

  • 317,762Number of New Home Loans in 2022

  • $315,000Median New Home Loan Size in 2022

  • $57.5 BSmall Business Loans

  • 2.3 MNumber of Small Business Loans

  • $25,238Average Small Business Loan

  • $6.7 BSmall Farm Loans

  • 100,240Number of Small Farm Loans

  • $66,881Average Small Farm Loan

Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $1.7 TDeposits

  • 478Banks Operating Branches

  • 6,250Branches & Offices

  • 3,190Branches Offering Low Fee Bank On-certified Accounts

Strong Communication in a Texas Winter Storm

During the worst winter storm in Texas history, First Financial Bank worked hard to provide their customers with peace of mind, and access to banking resources. While bank employees and customers alike were stranded in their homes without power, the bank created a communication campaign with the motto, “when it matters most, we are here to put you first”, and committed to share up-to-date and accurate information with customers across various channels.

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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