COMMUNITY BANKS: Number BY STATE AND ASSET SIZE
(Data updated quarterly as Call Reports are filed; Click on any image to enlarge.)
The tables that follow are segmented by bank total assets size in order to present trends across all segments of Community Banks (banks and thrifts with under $10 billion in total assets). This view provides a better perspective on activity and changes among the large population of community banks and thrifts that serve local communities across the U.S. and where these community banks and thrifts are chartered and located. Data is as of Q2 2019 from FDIC Call Reports.
Community Banks are Local Banks. Community Banks are chartered across all states and in most markets. Where Community Banks are critical will be found in the smaller county markets across the country. These graphics show where banks are chartered, including segmentation by the population of each county. Community bankers are primarily headquartered in counties under 50,000 population, where they play critical role in providing credit, liquidity and investments to these communities.
Community Banks represent 97 percent of all banking charters in U.S.
YoY and QoQ Community Bank numbers dropped cross all total asset segments, except $1 - $10 billion.
Several states stand out with larger populations of Community Banks:
Texas: 422 Community Banks
8.2% of Total Community Banks
YoY down (20), or (4.5)%
Illinois: 419 Community Banks
8.1% of Total Community Banks
YoY down (21), or (4.8)%
Minnesota: 286 Community Banks
5.5% of Total Community Banks
YoY down (13), or (4.3)%
Iowa: 281 Community Banks
5.4% of Total Community Banks
YoY down (13), or (4.4)%
Missouri: 251 Community Banks
4.9% of Total Community Banks
YoY down (7), or (2.7)%
Kansas: 229 Community Banks
4.4% of Total Community Banks
YoY down (11), or (4.6)%
Community Banks and Impact on their Markets:
Community Banks are located in markets of all population sizes. They contributed importantly to smaller, more rural markets.
2,551 Community Banks are headquartered in counties with populations less than 50,000.
Serve ~1,400 counties across the U.S. with populations of less than 50,000.
Serve a population of >28 million people
Employ 146 thousand staff in their communities; and
Have total assets of $675 billion.