The number of FDIC-insured commercial banks in the United States decreased steadily from 2000 to 2024. At the end of 2024, there were 3,928 FDIC-insured commercial banks in the country, down from 4,036 a year earlier. The FDIC, Federal Deposit Insurance Corporation, is an agency that insures the banking system in the U.S. Despite the dropping number of banks, the number of employees in the banking industry increased in the last two decades. Why do banks need insurance? The number of banks is shrinking, but the value of deposits in these banks is growing, amounting to trillions of U.S. dollars. The primary function of the FDIC is to insure these deposits up to 250,000 U.S. dollars. Under stable economic conditions, this task can be performed without particular difficulties. However, during economic uncertainties and recessions, it can be challenging. During the Global Financial Crisis, hundreds of FDIC-insured banks declared insolvency. Account holders were then eligible for compensation for the portion of their accounts that the FDIC insured. Financial figures of the FDIC-insured banks Except in times of deep recession, U.S. banks have a positive net operating income. It amounted to over 324 billion U.S. dollars in 2024. The value of funds borrowed by the U.S. FDIC-insured banks reached 1.4 trillion U.S. dollars that year.

United States Number of FDIC Insured Inst: Annual: Commercial Banks data was reported at 4,918.000 Unit in 2017. This records a decrease from the previous number of 5,112.000 Unit for 2016. United States Number of FDIC Insured Inst: Annual: Commercial Banks data is updated yearly, averaging 13,312.500 Unit from Dec 1934 (Median) to 2017, with 84 observations. The data reached an all-time high of 14,496.000 Unit in 1984 and a record low of 4,918.000 Unit in 2017. United States Number of FDIC Insured Inst: Annual: Commercial Banks data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB012: Financial Data: Federal Deposit Insurance Corporation: Insured Institutions.

The FDIC's Summary of Deposits (SOD) download file contains deposit data for branches and offices of all FDIC-insured institutions. The Federal Deposit Insurance Corporation (FDIC) collects deposit balances for commercial and savings banks as of June 30 of each year, and the Office of Thrift Supervision (OTS) collects the same data for savings institutions. Data are collected annually.

The number of FDIC-insured commercial bank branches increased in 2023 for the first time since 2012. At the end of the year, there were 69,997 branches in the country, up from 69,905 a year earlier. In 2024, the downward trend observed prior to 2023 continued, with bank branches dropping to 68,632. After a period of growth from 2000 to 2008, the number of bank branches has been slowly diminishing. In 2024, JPMorgan Chase led the ranking of banks with the highest number of branches. What does the FDIC do? The FDIC (Federal Deposit Insurance Corporation) is an agency created by the United States Congress that guarantees the deposits in commercial banks up to 250,000 U.S. dollars. This protects depositors if the bank becomes insolvent. It also enables banks to issue more loans, since depositors may prefer banks that are insured by the FDIC. Trends in the banking industry While the number of branches has stayed relatively stable, the number of FDIC-insured commercial banks has declined in recent years. At the same time, online banking adoption has surged and is expected to grow even further. Some of the country's leading digital banks now serve over 10,000 users.

Graph and download economic data for Failures and Assistance Transactions of all Institutions for the United States and Other Areas (BNKTTLA641N) from 1934 to 2025 about thrifts, failures, assistance, banks, depository institutions, and USA.

Graph and download economic data for Failures and Assistance Transactions of all Institutions by Federal Deposit Insurance Corporation (FDIC) for the United States and Other Areas (BKIFDCA641N) from 1934 to 2025 about thrifts, failures, assistance, banks, depository institutions, and USA.

The FDIC is often appointed as receiver for failed banks. This list includes banks which have failed since October 1, 2000.

FDIC Commercial Banks: Non Interest Expenses data was reported at 106.429 USD bn in Mar 2018. This records a decrease from the previous number of 109.129 USD bn for Dec 2017. FDIC Commercial Banks: Non Interest Expenses data is updated quarterly, averaging 71.239 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 109.129 USD bn in Dec 2017 and a record low of 34.600 USD bn in Mar 1994. FDIC Commercial Banks: Non Interest Expenses data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

Abstract

FDIC insured banks and branch locations and related metadata. Example of a table ingested directly from Google Big Query.

Documentation

The FDIC's Institution Directory provides a list of all FDIC-insured institutions. The file includes demographic information related to the institution such as locational detail (name, city state, etc) and operating status (active, inactive, bank class, etc). The download file also contains key financial information reported by the FDIC-insured institution, such as total deposits, quarterly net income, and more. Additionally, the dataset includes data going back to 1996.

**Data source: **FDIC

Data location: https://console.cloud.google.com/marketplace/product/fdic/insured-institutionshttps://console.cloud.google.com/marketplace/product/fdic/insured-institutions

The losses of FDIC-insured commercial banks in the United States from securities amounted to approximately 11 billion U.S. dollars in 2023, which was the second-lowest loss reported in the observed period.

The annual Summary of Deposits (SOD) survey data provides a number of opportunities to better understand the status of our banking system. With the holistic aggregations of the Summary Tables, the geographically sensitive Market Share Reports, and the institution-centric Branch Office Deposits, you will be able to see a clear view of where the deposits are and how they changed over time. The Summary of Deposits (SOD) application will be discontinued by the end of 2024. A new and improved SOD application is being developed and is available for preview now. Explore the latest beta version of the application https://banks.data.fdic.gov/bankfind-suite/SOD. The Deposit Market Share is the percentage of deposits an FDIC-insured institution has within a defined geographic market. This data is based on the annual Summary of Deposits (SOD) survey for FDIC-insured institutions as of June 30. The Deposit Market Share and the Pro Forma (HHI) Reports provide information for all institutions within a specific geographic market for a specific time period. The Market Presence and Growth Rate Reports provide similar information, but from the perspective of one institution. All reports provide data back to 1994 and are available by institution or bank holding company.

In 2024, the number of people working at FDIC-insured commercial banks in the United States decreased compared to the last year. The number of employees in 2024 stood at roughly 1.95 million, down from 1.97 million in the previous year.

Graph and download economic data for Balance Sheet: Total Assets: Cash and Due from Depository Institutions (QBPBSTASCSHDP) from Q1 1984 to Q1 2025 about fees, cash, assets, depository institutions, and USA.

The Summary of Deposits (SOD) is the annual survey of branch office deposits for all FDIC-insured institutions including insured U.S. branches of foreign banks. Data are as of June 30. Users can access these data by(1) single institution, (2) institutions within a geographic area, or (3) aggregated within a geographic area. SOD features include custom market share reports and downloads.Linkhttp://www2.fdic.gov/sod/Scope of the SurveysTo provide a means for measuring deposits in local banking markets, the surveys obtain deposit figures for each banking office of branch banking systems, and for each insured U.S. branch of a foreign bank. Deposit figures for unit banks (which do not have branch offices) were obtained from the June Reports of Condition. Deposit Reporting - Institutions should report their deposits in a manner consistent with their existing internal record-keeping practices, however, other methods that logically reflect the deposit gathering activity of the bank's branches may be used. It is recognized that certain classes of deposits and deposits of certain types of customers may be assigned to a single office. Please refer to the reporting instructions for more information (see above). Arrangement of Published DataBecause these publications are used as a source of market share information for individual banking markets, the figures for each geographical area only include deposits of offices located within that area. Several institutions have designated home offices that do not accept deposits; these have been included in the survey to provide a more complete listing of all offices. Additional points that should be noted1. With the exception noted above, 'banking office' is defined to include all offices and facilities that actually hold deposits, and does not include loan production offices, computer centers, and other nondeposit installations, such as automated teller machines (ATMs). 2. Institutions are allowed to combine deposit data from two or more offices within the same county for the following office typesdrive-in offices, seasonal branches, and military facilities. Where centralized bookkeeping or other conditions make it impossible to report exact figures, estimates are required. 3. International Banking Facility (IBF) deposits are considered deposits in foreign offices and are not included in the Summary of Deposits Survey. 4. Offices and deposits are reported by the institution that owned the office as of the close of business on June 30. 5. The term 'offices' includes both main offices and branches. An institution with four branches operates a total of five offices. 6. All reports submitted to the FDIC and the OTS have been validated and corrected to the extent possible. There may be rounding differences or minor reporting errors reflected in the tables. 7. Savings Institutions include all FDIC-Insured financial institutions that operate under federal or state thrift banking charters. Prior to August 9, 1989, all institutions insured by the Federal Savings and Loan Insurance Corporation (FSLIC) and all savings banks insured by the FDIC are included in any applicable chart.

Graph and download economic data for Failures and Assistance Transactions of State Charter Fed Nonmember Commercial Banks Supervised by the FDIC (NM) for the United States and Other Areas (BKCCNMA641N) from 1934 to 2025 about Fed Nonmember, failures, charter, assistance, banks, depository institutions, and USA.

Homeland Infrastructure Foundation-Level Data (HIFLD) geospatial data sets containing information on FDIC Insured Banks Primary Federal Regulator Table.

Graph and download economic data for Income and Expense: Total Interest Income: Balances Due from Depository Institutions (QBPQYTIYBALDPINST) from Q1 1984 to Q1 2025 about fees, balance, interest, depository institutions, income, and USA.

United States FDIC Commercial Banks: Deposits data was reported at 12,570.912 USD bn in Mar 2018. This records an increase from the previous number of 12,467.533 USD bn for Dec 2017. United States FDIC Commercial Banks: Deposits data is updated quarterly, averaging 6,145.417 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 12,570.912 USD bn in Mar 2018 and a record low of 2,754.332 USD bn in Dec 1993. United States FDIC Commercial Banks: Deposits data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

Q - What makes your data unique?
A - The data is based on Efficient Frontier Analysis (EFA) which accurately measures bank performance but also reveals the best level of performance for the given business portfolio of each bank as well as the optimal business portfolio for maximizing profit. The ratings are superior to any traditional or other measures of bank operational efficiency and business quality because they not only measure performance, but indicate the limits of performance based on the underlying business portfolio of each bank. Using EFA also eliminates the "noise" of industry and economic trends because the Efficient Frontier moves with such trends and automatically accounts for them. Further, Efficient Frontiers exist for each reported expense item allowing detailed ratings of each resource of a bank's operations. Q - How is the data generally sourced?
A - The ratings are generated using data from bank Call Reports filed with the FDIC quarterly. The Call Reports contain vast amounts of data on the financial and operating results of each bank and provides a robust and consistent set of measures from which to generate Efficient Frontiers. Because all banks with FDIC insurance must file Call Reports with the FDIC, we can provide ratings on more than 99% of all FDIC insured banks. Q - What are the primary use-cases or verticals of this Data Product? A - Investors use the measures to differentiate high performing banks from the pack or identify improving or declining banks. PE and other acquirers/owner firms will do likewise, as well as seek insights on how to best improve performance of portfolio companies, target acquisitions, model post-acquisition integrations, etc. Bank management use the measures to identify competitive advantages and weaknesses as well as measuring the potential benefit of improving/retaining a level of performance relative to peers. Q - How does this Data Product fit into your broader data offering? A - Hoeg & Company, Ltd. provides Operational Efficiency & Business Quality Ratings on Banks, Credit Unions & Insurers using EFA. These financial industries all have rigorous regulatory requirements and standards for financial and operational performance reporting (Call Reports & Statutory Financial Reports) which assures detailed, accurate and consistent data that facilitates EFA. Our bank ratings are our most extensively produced set of ratings.

The net interest income of FDIC-insured commercial banks in the United States rose significantly in 2022 and 2023. In 2022, it reached approximately *** billion U.S. dollars, up from *** billion U.S. dollars in 2021. The upward trend continued in 2023, with net interest income exceeding *** billion U.S. dollars. However, in 2024, it saw a slight decline, falling to around ****** billion U.S. dollars.