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Banks' Economic Impact in Arkansas

In 2016, banks fueled Arkansas's economic growth through new home, small business and small farm loans to 4.7 million customers. They employed 25,443 people and provided more than $1.6 billion in total compensation.


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JOBS
EMPLOYEES
25,443
TOTAL ANNUAL COMPENSATION
Includes wages and benefits.
$1.6 Billion
AVERAGE TOTAL COMPENSATION
$61,245
 
Source: Estimates based on ABA Survey Data
CUSTOMERS SERVED
CUSTOMERS
4.7 Million
INSURED DEPOSITS
$64.2 Billion
BANKS OPERATING BRANCHES
122
BRANCHES & OFFICES
1,345
Source: Estimates based on ABA Survey Data, FDIC, FDIC Branch Data
LOANS
SMALL BUSINESS LOANS OUTSTANDING
$2.7 Billion
 
New Home Loans Booked in 2016

TOTAL VALUE
$6.3 Billion
NUMBER OF LOANS
42,438
MEDIAN LOAN SIZE
$116,000
 
SMALL FARM LOANS OUTSTANDING
$1.7 Billion
Source: Estimates based on ABA Survey Data, HMDA
GIVING BACK
VOLUNTEER HOURS
122,744
Source: Estimates based on 2016 ABA Survey Data


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