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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.

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  • 2.1 MEmployees

  • $223.7 BTotal Annual Compensation & Benefits

  • $108,412Average Total Compensation & Benefits

Hiring Our Heroes

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



  • $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

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



  • 299.4 MCustomers

  • 251.6 MConsumers

  • 55.2 MSmall Business

  • 3.4 MSmall Farm

  • $13.2 TDeposits

Ensuring Access to Financial Resources

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*

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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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