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Iowa: Banks’ Economic Impact

Banks support Iowa's economy with consumer, business and other loans, and by providing more than 34,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 34,239Employees

  • $3.7 BTotal Annual Compensation & Benefits

  • $109,309Average Total Compensation & Benefits

  • 235Banks Headquartered in State

A Veteran Helping Veterans

Lincoln Savings Bank in Grinnell, Iowa has a leader who is committed to veterans. Mike Olson, the bank’s vice president, a retired lieutenant colonel in the Iowa Army National Guard, helps veterans build small businesses.

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $5.9 BNew Home Loans Booked in 2023

  • 26,375Number of New Home Loans in 2023

  • $195,000Median New Home Loan Size in 2023

  • $5.8 BSmall Business Loans

  • 148.2 KNumber of Small Business Loans

  • $39,053Average Small Business Loan

  • $498.8 MSmall Farm Loans

  • 5,357Number of Small Farm Loans

  • $93,116Average Small Farm Loan

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

Customers

Customers

  • $121 BDeposits

  • 269Banks Operating Branches

  • 1,452Branches & Offices

  • 340Branches Offering Low Fee Bank On-certified Accounts

Students in auditorium

Igniting Local Education

Students in auditorium

The Huntington National Bank has partnered with the Ron Clark Academy since 2022, supporting educators and enhancing student learning in their communities. Their initiative, Ignite the Classroom, provides a unique and exciting professional development opportunity for more than 2,000 local principals, teachers, coaches, counselors and more.

More stories on Giving Back #

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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