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Banks' Economic Impact in the United States

The nation's 5,000+ banks support their customers and communities by lending money that helps individuals, families and businesses secure a brighter future; employing 2 million individuals; providing a safe place for customers to save; and offering the financial and volunteer support communities need to succeed.

Find State-by-State Data #
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Jobs

Jobs

  • 2.1 MEmployees

  • $223.7 BTotal Annual Compensation & Benefits

  • $108,412Average Total Compensation & Benefits

Hiring Our Heroes

Anthony Tran

Sound Community Bank in Seattle is a proud participant in Hiring Our Heroes—a partnership with ABA and the U.S. Chamber of Commerce Foundation that connects the military community with employment opportunities in banking.

Source: FDIC call report

Lending

Lending

  • $10.5 TTotal Loans Outstanding

  • $2.2 TTotal Business Loans

  • $370.1 BSmall Business Loans

  • 22.4 MNumber of Small Business Loans

  • $16,507Average Small Business Loan

  • $5 TTotal Real Estate Loans

  • $2.2 THome Loans*

  • $922.5 BNew Home Loans Booked in 2018

  • 3.3 MNumber of Home Loans Booked in 2018

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

  • *Includes residential mortgage and home equity loans.

  • $183.3 BTotal Agricultural Loans

  • $75.7 BSmall Farm Loans

  • 1.2 MNumber of Small Farm Loans

  • $1.8 TTotal Consumer Loans

  • $941.6 BCredit Card Loans

  • $483.7 BAuto Loans

  • $183.4 BState & Local Government Loans*

  • *Includes money borrowed to build schools, roads, and other infrastructure.

Banks Step Up During COVID-19

Collage of 3 bankers using protective measures to keep customers safe

The COVID-19 pandemic has put the two million dedicated women and men who work in banking to the test. They have responded by standing by their customers and serving as a critical delivery system for government relief programs. The most gratifying response has come from customers.

Source: FDIC call report, HMDA

Customers

Customers

  • 299.4 MCustomers

  • 251.6 MConsumers

  • 55.2 MSmall Business

  • 3.4 MSmall Farm

  • $13.2 TDeposits

Ensuring Access to Financial Resources

Midwest Bank Centre

Midwest BankCentre, in St. Louis, MO, calls it “partnering differently” when working with city governments, nonprofit agencies and faith-based organizations to reach out to people where they are.

Source: Estimates based on ABA 2019/2020 survey data, FDIC call report

Giving Back

Giving Back

  • 13.6 MVolunteer hours

  • $4 BCommunity Donations*

Healthcare workers gives thumbs up

Support for Local Healthcare Workers

Healthcare workers gives thumbs up

Mississippi’s Hancock Whitney Bank and local business Monster Subs provided meals for area healthcare professionals during the COVID-19 pandemic—including The Gulfport, Mississippi, Garden Park Medical Center Tele and ICU departments.

More stories on Giving Back #

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

More Stats

More Statistics

  • $22.3 BFraud Prevented

  • $61 BIncome Tax Expense

  • $463.5 BBusiness Expenses Paid*

  • $18.6 TTotal Assets

  • 5,177Banks

  • 86,367Branches

FDIC branch deposit data, FDIC call report, ABA 2019 DDA Fraud Survey. *Includes employee compensation and benefits, rent, IT, etc. Excludes interest paid on deposits.

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