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Washington: Banks’ Economic Impact

Banks support Washington's economy with consumer, business and other loans, and by providing more than 27,000 people with a rewarding place to work.

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Jobs

Jobs

  • 27,203Employees

  • $3.8 BillionTotal Annual Compensation & Benefits

  • $138,172Average Total Compensation & Benefits

  • 36Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $36.5 BillionNew Home Loans Booked in 2024

  • 63,660Number of New Home Loans in 2024

  • $495,000Median New Home Loan Size in 2024

  • $12.8 BillionSmall Business Loans

  • 530.9 ThousandNumber of Small Business Loans

  • $24,128Average Small Business Loan

  • $1.5 BillionSmall Farm Loans

  • 19,518Number of Small Farm Loans

  • $74,295Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $211 BillionDeposits

  • 73Banks Operating Branches

  • 1,390Branches & Offices

  • 1,072Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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