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Washington: Banks’ Economic Impact

Banks support Washington's economy with consumer, business and other loans, and by providing more than 28,000 people with a rewarding place to work.

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Jobs

Jobs

  • 28,321Employees

  • $3.8 BTotal Annual Compensation & Benefits

  • $133,172Average Total Compensation & Benefits

  • 37Banks Headquartered in State

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 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $33.2 BNew Home Loans Booked in 2023

  • 61,436Number of New Home Loans in 2023

  • $475,000Median New Home Loan Size in 2023

  • $12.8 BSmall Business Loans

  • 529.9 KNumber of Small Business Loans

  • $24,134Average Small Business Loan

  • $1.4 BSmall Farm Loans

  • 19,048Number of Small Farm Loans

  • $74,981Average Small Farm Loan

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

Customers

Customers

  • $214 BDeposits

  • 75Banks Operating Branches

  • 1,435Branches & Offices

  • 1,125Branches Offering Low Fee Bank On-certified Accounts

Back on the Road

When Marguerite’s card didn’t work in a London cab, she called her branch of Columbia Bank in Washington. The bank not only ensured her account security, but quickly got her back on the road.

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

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