COMMUNITY BANKS: Number BY STATE AND ASSET SIZE

(Data updated quarterly as Call Reports are filed; Click on any image to open PDF.)

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 Q4 2018 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. This graphic shows where banks are chartered segmented by the population of each county. Community bankers are primarily headquartered in counties under 50,000 population.

 
Community Banks are located within all 50 states. The central section of the U.S. - from Texas to Minnesota and Nebraska to Illinois - holds a higher concentration of community banks.

Community Banks are located within all 50 states. The central section of the U.S. - from Texas to Minnesota and Nebraska to Illinois - holds a higher concentration of community banks.

And with banking industry consolidation continuing, there has been a reduction in the number of community banks across most states.

And with banking industry consolidation continuing, there has been a reduction in the number of community banks across most states.

 
While banks of all sizes show up as headquartered across counties of all sizes, Community Banks remain the dominant financial institution located in communities with smaller populations.

While banks of all sizes show up as headquartered across counties of all sizes, Community Banks remain the dominant financial institution located in communities with smaller populations.

And reflective of the population size of these smaller markets, it is the smaller Community Banks that serve these markets.

And reflective of the population size of these smaller markets, it is the smaller Community Banks that serve these markets.

 
And as the banking industry consolidation continues, the number of Community Banks continues to decrease. And this decrease occurs across markets of all sizes but with larger decreases in the smaller and the larger markets.

And as the banking industry consolidation continues, the number of Community Banks continues to decrease. And this decrease occurs across markets of all sizes but with larger decreases in the smaller and the larger markets.

The industry consolidation continues to show its impact on the smaller asset segments.

The industry consolidation continues to show its impact on the smaller asset segments.

 

Key Take-Aways:

  1. Community Banks represent 97 percent of all banking charters in U.S.

  2. YoY Community Bank numbers dropped cross all total asset segments, except $1 - $10 billion.

  3. Community Bank charters declined most recent QoQ across the smaller total asset sizes.

  4. Several states stand out with larger populations of Community Banks:

 
  • Texas: 432 Community Banks

    • 8.2% of Total Community Banks

    • YoY down (17), or (3.8)%

  • Illinois: 429 Community Banks

    • 8.1% of Total Community Banks

    • YoY down (18), or (4.0)%

  • Minnesota: 292 Community Banks

    • 5.5% of Total Community Banks

    • YoY down (13), or (4.0)%

  • Iowa: 288 Community Banks

    • 5.5% of Total Community Banks

    • YoY down (8), or (2.7)%

  • Missouri: 253 Community Banks

    • 4.8% of Total Community Banks

    • YoY down (14), or (5.2)%

  • Kansas: 235 Community Banks

    • 4.5% of Total Community Banks

    • YoY down (12), or (4.9)%

 

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.

For example:

  • 2,591 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 147 thousand staff in their communities; and

  • Have total assets of $676 billion.

 

total NUMBER OF community banks with total Assets <$100m

 

total NUMBER OF community banks with total Assets $100m - $250m

 

total NUMBER OF community banks with total Assets $250m - $500m

 

total NUMBER OF community banks with total Assets $500m - $1b

 

total NUMBER OF community banks with total Assets $1b - $10b