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West Virginia: Banks’ Economic Impact

Banks support West Virginia's economy with consumer, business and other loans, and by providing more than 7,000 people with a rewarding place to work.

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Lending

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Jobs

Jobs

  • 7,704Employees

  • $593.2 MillionTotal Annual Compensation & Benefits

  • $76,999Average Total Compensation & Benefits

  • 44Banks Headquartered in State

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

Lending

Lending

  • $2.7 BillionNew Home Loans Booked in 2024

  • 11,282Number of New Home Loans in 2024

  • $225,000Median New Home Loan Size in 2024

  • $2.2 BillionSmall Business Loans

  • 67.8 ThousandNumber of Small Business Loans

  • $32,542Average Small Business Loan

  • $220.8 MillionSmall Farm Loans

  • 3,776Number of Small Farm Loans

  • $58,468Average Small Farm Loan

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

Customers

Customers

  • $46.6 BillionDeposits

  • 69Banks Operating Branches

  • 560Branches & Offices

  • 250Branches Offering Low Fee Bank On-certified Accounts

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

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