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US bank statistics, September 2026

  • 33% fewer banks. 4,238 banks insured by the Federal Deposit Insurance Corporation (FDIC) filed a in June 2026, compared to 6,348 in June 2015.
  • Almost no new banks. 6 new bank opened a year on average in 2010 to 2025, compared to 160 a year in 2000 to 2007.
  • About a quarter of the Fed's hikes reached depositors. The Fed raised the by 5.2 percentage points in 2022 and 2023. The median bank raised its by 1.4 points, to its peak in Q3 2024.
  • Below inflation since 2021. The median bank's savings rate was below in all 22 quarters from Q1 2021, the first quarter in the data, to Q2 2026.

Banksparency uses public data (FDIC, BLS, etc.) to find the trends in US banking and make them open to everyone. Questions or comments? Get in touch.

Last updated

Aviel Fahl
Computed byAviel Fahl

The number of banks has fallen

Over the last 12 months, more charters merged into another bank than new charters opened.

How many banks are in the United States?

4,218 banks insured by the Federal Deposit Insurance Corporation () were open on September 26, 2026, across the 50 states, DC, the Federated States of Micronesia, Guam, Puerto Rico and the US Virgin Islands.

4,238 banks filed the Q2 2026 call report. 28 of them have merged or closed since, and their filings stay in the quarter. 8 of the open banks have no filing for the quarter in the FDIC data, because they opened after it ended or their report is not in the FDIC release.

FDIC-insured banks

  • Q1 198417,885
  • June 20156,348
  • June 20254,421
  • June 20264,238

A year earlier, in June 2025, 4,421 insured banks filed it.

In June 2015, 6,348 insured banks filed the call report. From then to June 2026, the count shows a fall of 33.2%.

The FDIC's Quarterly Banking Profile counted 17,885 insured institutions in the first quarter of 1984, the first quarter of its series, and 4,238 in the second quarter of 2026.

How it is counted

Each bank here is one FDIC-insured , which the FDIC identifies by a certificate number. A company that owns two charters counts twice, and a bank that trades under several brand names on one charter counts once. A is the statement of condition and income that every insured bank files each quarter. Insured US branches of foreign banks and uninsured trust companies also appear in the FDIC financial data, and they are left out of the bank counts on this page.

3,794 of them meet the FDIC community bank definition, which is 90.1% of the 4,210 charters that carry the flag. The FDIC decides this for the whole banking organization, from its size, its loans and core deposits, the number of its offices, and how many states and large metropolitan areas those offices span. The rules are in the FDIC Community Banking Study, Appendix A.

Source: FDIC call report and FRED, FDIC Quarterly Banking Profile institutions, ; FDIC institutions file, .

How many banks opened or merged in the last 12 months?

153 charters merged into another bank and 9 new charters opened from October 1, 2025 to September 26, 2026.

The last 12 months

  • Merged into another bank153
  • New charters9
New charters and mergers by month
MonthNew chartersMergers
October 2025018
November 2025010
December 202518
January 2026126
February 2026116
March 2026112
April 2026021
May 202628
June 202627
July 2026012
August 2026013
September 2026, to September 2612

The FDIC enters a merger in its history file some days or weeks after it takes effect, so the newest months in the table can still rise.

Source: FDIC history file, .

New charters a year, on average

  • 2000 to 2007160
  • 2010 to 20256

1,276 new charters opened in 2000 to 2007, and 97 in the 16 years from 2010 to 2025. No new bank opened in 2014 or 2016.

Assets of the banks that failed

  • 2009 to 2012, 440 banks$308.3 billion
  • 2023, 5 banks$532.2 billion

The 5 banks that failed in 2023 held $532.2 billion in assets, by each bank's last call report before it failed. That is more than the $308.3 billion held by the 440 banks that failed in 2009 to 2012.

The FDIC failed bank list names 4 insured banks that failed in 2026, the newest on July 17, 2026. They held $643.7 million in assets, by each bank's last call report before it failed.

FDIC-insured bank failures each year since 2000, with their assets in the last call report before failure
YearFailuresAssets ($ billions)
2026 (part year)40.6
202520.1
202426.0
20235532.2
202200
202100
202040.5
201940.2
201800
201785.1

Source: FDIC failed bank list, .

How old are US banks?

The median bank is 105 years old, over 4,238 FDIC-insured charters that filed for Q2 2026.

Age of the median bank, in years

  • June 201590
  • June 2026105

The median insured bank that filed was 90 years old in June 2015 and 105 in June 2026.

The oldest charter still open dates to 1792.

42 new charters opened in the five years to September 26, 2026, by the FDIC history file.

Source: FDIC call report, ; FDIC institutions file, .

Deposits have moved to the largest banks

Most bank assets sit in the few charters with more than $10 billion in assets.

Compare:

How big is a typical bank?

The median bank holds $387M in assets, over 4,238 FDIC-insured charters that filed for Q2 2026.

The median bank held $268.7 million in assets in June 2020 and $387.1 million in June 2026, a rise of 44.1%. Consumer prices rose 29.5% over the same months. The two medians are over different banks: 5,066 insured banks filed in June 2020 and 4,238 in June 2026.

Banks with less than $100 million in assets

  • June 20151,799
  • June 2026543

543 insured banks that filed in June 2026 had less than $100 million in assets, compared to 1,799 in June 2015. The $100 million line is not adjusted for inflation.

The median bank holds $327M in deposits, over 4,238 FDIC-insured charters that filed for Q2 2026.

The 156 banks with more than $10 billion in assets

Share of the banks

  • Over $10 billion in assets3.7%
  • The other banks96.3%

Share of the assets

  • Over $10 billion in assets86.7%
  • The other banks13.3%

The median is the middle bank by size, so the largest charters do not pull it up. The 156 open charters with more than $10 billion in assets hold 86.7% of the assets of the 4,210 open charters that report assets.

Open US banks by asset size: 4,210 charters, assets from the Q2 2026 call report
Asset sizeBanksShare
under $100M53412.7%
$100M to $1B2,63962.7%
$1B to $10B88120.9%
over $10B1563.7%

Source: FDIC institutions file, ; FDIC call report, .

How much money do US banks hold?

FDIC-insured banks held $20.72 trillion in deposits in June 2026, over the 4,238 banks that filed a call report.

Deposits at FDIC-insured banks

  • June 2015$11.93 trillion
  • June 2026$20.72 trillion

In June 2015, the 6,348 insured banks that filed held $11.93 trillion in deposits and $15.75 trillion in assets. From June 2015 to June 2026, deposits rose 73.7% and assets rose 68.0%, to $26.46 trillion. The figures are not adjusted for inflation.

By the FDIC's estimate, 42.9% of the deposits in US offices of insured banks were uninsured in the second quarter of 2026, compared to 40.5% in the second quarter of 2015. The highest quarter in between was the fourth quarter of 2021, at 45.8%. A deposit is uninsured above the FDIC limit of $250,000 for each depositor, at each bank, in each ownership category.

The median bank's net interest margin was 3.86% for the first half of 2026, at an annual rate, over 4,238 banks. For the first half of 2015 it was 3.58%, over 6,348 banks. The margin is what a bank earns on its loans and securities, less what it pays for its deposits and other borrowing, as a share of the assets that earn interest. The FDIC's figure for all banks together is a different measure: it gives each bank weight by its size.

How it is counted

These are sums over every FDIC-insured bank that filed a call report for June of each year, so a bank that merged away leaves the sum and its deposits reappear in the total of the bank that absorbed it. The deposits include those in foreign offices. The uninsured share is the FDIC’s estimate in its Quarterly Banking Profile, over deposits in US offices.

Source: FDIC call report and FRED, FDIC Quarterly Banking Profile insured and domestic deposits, .

Which banks hold the most deposits?

JPMorgan Chase Bank, National Association holds the most, $2.82T in deposits, on the Q2 2026 call report.

Banks that held 90% of the deposits

  • June 2015, of 6,348581
  • June 2026, of 4,238320

In June 2026, the 320 largest of 4,238 insured banks that filed held 90% of their deposits. In June 2015, it took 581 of 6,348.

The table below lists the twenty-five charters that hold the most deposits. Deposits are the charter total, deposits in foreign offices included, so a bank that trades under several brand names reports them on one line. A list of domestic deposits gives a lower figure for a bank with large foreign offices.

The largest US banks by deposits
RankHeadquarters
1JPMorgan Chase Bank, National AssociationColumbus, OH2,820.34,091.3
2Bank of America, National AssociationCharlotte, NC2,121.82,654.6
3Wells Fargo Bank, National AssociationSioux Falls, SD1,563.51,907.9
4Citibank, National AssociationSioux Falls, SD1,547.61,976.2
5U.S. Bank National AssociationCincinnati, OH541.9705.6
6Capital One, National AssociationMclean, VA512.6662.2
7Goldman Sachs Bank USANew York, NY498.8758.8
8PNC Bank, National AssociationWilmington, DE457.8609.8
9Truist BankCharlotte, NC419.2548.3
10The Bank of New York MellonNew York, NY372.6425.1
11State Street Bank and Trust CompanyBoston, MA326.2412.6
12Morgan Stanley Bank, National AssociationSalt Lake City, UT278.9419.3
13TD Bank, National AssociationWilmington, DE277.7342.8
14Fifth Third Bank, National AssociationCincinnati, OH240.9299.2
15The Huntington National BankColumbus, OH227.1283.1
16Charles Schwab Bank, SSBWestlake, TX225.2250.8
17Morgan Stanley Private Bank, National AssociationPurchase, NY211.7250.4
18BMO Bank National AssociationChicago, IL194.1255.0
19Citizens Bank, National AssociationProvidence, RI188.7232.5
20First-Citizens Bank & Trust CompanyRaleigh, NC174.0236.3
21Manufacturers and Traders Trust CompanyBuffalo, NY172.3218.8
22American Express National BankSandy, UT171.6213.9
23KeyBank National AssociationCleveland, OH158.5188.6
24Ally BankSandy, UT156.6188.2
25The Northern Trust CompanyChicago, IL148.1178.6

Of the 4,238 FDIC-insured charters that filed a call report for Q2 2026, only the ones still open are ranked. Charters with equal deposits share a rank, so the sequence can skip a number.

Source: FDIC call report, .

The full ranked list is on the largest banks by deposits.

Where the banks and branches are

Which states have the most banks?

Texas has the most open banks headquartered in it, 347, then Illinois with 323.

State pages:

How it is counted

The table below ranks the 50 states and DC by the number of banks headquartered in each. Headquarters is the charter address, so a bank that operates in forty states counts once, in the state its charter sits in. The table counts the banks that filed a call report for June 2026 and are still open. The table after it counts every insured bank that filed, including one that merged or closed since, so the two counts for one state can differ. The branch column is different: it counts every retail office located in the state, whichever bank runs it.

Open FDIC-insured banks headquartered in each state, filed for June 2026
Texas34710.9793.96,064
Illinois32325.4772.03,417
Iowa22669.8128.01,350
Minnesota22137.9115.91,513
Missouri19230.6302.52,007
Kansas18361.594.91,259
Oklahoma16941.0212.21,199
Ohio15613.15,724.02,923
Wisconsin15325.6182.11,571
Nebraska13868.4110.6956
Georgia12210.8102.92,001
Kentucky12026.084.91,400
California1152.9558.45,376
Pennsylvania1098.3342.43,162
Tennessee10914.9317.71,865
New York1055.22,039.13,883
Louisiana10322.382.31,272
Alabama9317.9230.01,334
Massachusetts8912.4632.31,822
Indiana8712.5221.51,708
Florida813.5344.54,221
Arkansas7825.0184.51,225
Michigan727.172.51,825
Colorado6310.556.61,333
North Dakota6075.165.6389

Charters headquartered in the Federated States of Micronesia, Guam, Puerto Rico and the US Virgin Islands are in the national count and are not listed here. The Census estimate behind the per-capita figures does not cover them. Per-capita figures use the Census Vintage 2025 population estimate.

Source: FDIC institutions file and FDIC locations file, ; FDIC call report, .

The largest falls in banks that filed, by state

  • June 2015
  • June 2026

  • Illinois

    509325

  • Texas

    493349

  • Minnesota

    329223

  • Missouri

    299194

  • Wisconsin

    246154

From June 2015 to June 2026, the number of insured banks that filed fell most in Illinois (509 to 325), Texas (493 to 349), Minnesota (329 to 223), Missouri (299 to 194) and Wisconsin (246 to 154).

FDIC-insured banks that filed a call report, by head-office state, June 2015 and June 2026
Illinois509325-184-36.1
Texas493349-144-29.2
Minnesota329223-106-32.2
Missouri299194-105-35.1
Wisconsin246154-92-37.4
Kansas276185-91-33.0
Iowa313226-87-27.8
Florida16882-86-51.2
California199115-84-42.2
Georgia203124-79-38.9
Pennsylvania183110-73-39.9
Tennessee172109-63-36.6
Nebraska196139-57-29.1
Kentucky171120-51-29.8
Ohio208157-51-24.5
Massachusetts14091-49-35.0
New Jersey9750-47-48.5
New York154107-47-30.5
Oklahoma216170-46-21.3
Maryland6627-39-59.1
Michigan11172-39-35.1
Virginia9556-39-41.1
Alabama13093-37-28.5
Indiana12288-34-27.9
Colorado9563-32-33.7

The state is the bank's current head-office state from the FDIC institution file, applied to both years. A bank that moved its head office is counted in its current state in both years, and a bank that closed is counted in its last state.

Source: FDIC call report, ; FDIC institutions file, .

How many bank branches are there?

73,514 retail branches were open on September 26, 2026.

That is 21.4 branches per 100,000 residents, over 73,216 branches and a population of 341,784,857 (Census Vintage 2025 estimate).

Retail branches, FDIC Summary of Deposits

  • June 201688,260
  • June 202573,630

The FDIC counted 88,260 retail branches in June 2016 and 73,630 in June 2025, a net fall of 16.6%. The survey count differs a little from the count above, which comes from the FDIC locations file.

How it is counted

A retail branch is an office the FDIC records as a full-service brick-and-mortar or retail office (service types 11 and 12). Foreign offices are excluded. The per-capita figure leaves out the Federated States of Micronesia, Guam, Puerto Rico and the US Virgin Islands, because the Census estimate does not cover them.

Source: FDIC locations file, ; FDIC Summary of Deposits, .

Savings rates have trailed the Fed and inflation

Compare:

What do banks pay on savings and money market deposits?

The median bank paid 1.45% a year on savings and money market deposits in Q2 2026, over 3,938 FDIC-insured charters that filed for that quarter. That is far below the top savings rates on the market.

What the 3,938 banks with a computed rate paid

Share of the banks

  • Under 1%32.5%
  • 1% to under 3%61.0%
  • 3% or more6.4%

32.5% of the 3,938 charters with a computed rate paid under 1%, and 6.4% paid 3% or more.

A year earlier, in Q2 2025, the median bank paid 1.46%.

Q2 2026

  • Consumer prices, rise over 12 months3.86%
  • The Fed's rate3.63%
  • The median bank's savings rate1.45%

From Q1 2022 to Q4 2023, the rose from 0.12% to 5.33%, as a quarterly average. The median bank's savings rate rose from 0.16% to 1.56%, and it reached that peak in Q3 2024. By Q2 2026 the Fed's rate was 3.63% and the median bank's savings rate was 1.45%.

In all 22 quarters from Q1 2021 to Q2 2026, the median bank's savings rate was below inflation. The distance was largest in Q2 2022, when the median bank paid 0.18% and consumer prices rose 8.63% over 12 months. It was smallest in Q2 2025: 1.46% compared to 2.45%. In Q2 2026, the median bank paid 1.45% and consumer prices rose 3.86% over 12 months.

A different measure

The FDIC's national rate for savings accounts was 0.37% in September 2026. It is a different measure: an average of the rates that banks post for a standard savings account, weighted by each bank's domestic deposits. The median above is computed from the interest each bank paid, across all of its savings and money market deposits.

Retail money market funds

  • February 2022$1.38 trillion
  • August 2026$3.03 trillion

Retail money market funds held $3.03 trillion in August 2026, compared to $1.38 trillion in February 2022, the month before the Fed began to raise its rate. Time deposits under $100,000 at US depository institutions went from $683.4 billion to $1.51 trillion over the months from February 2022 to August 2026.

How it is counted

The rate is computed from the interest expense and the balance each bank reported, and no bank advertises it. The FDIC line covers savings and money market deposit accounts, including business accounts. The FDIC does not separate consumer accounts. The 3,938 charters are fewer than the 4,238 that filed, because a charter whose figures fail the reliability checks leaves the rate set rather than entering it as a zero.

Source: FDIC call report, Federal Reserve Economic Data (FRED), effective federal funds rate, FRED consumer price index, FRED retail money market funds and FRED small-denomination time deposits, ; FDIC national rates, .

Use these figures

Free to reuse under CC BY 4.0. Credit “Banksparency, from FDIC data”. A link is welcome but not required.

Suggested citation

"US bank statistics." Banksparency, updated September 26, 2026. https://banksparency.com/banks/statistics

Download the state table as CSV Download all figures as CSV

Frequently asked questions

Which bank count should I quote?

For the number of banks in the United States, quote the open count: 4,218 FDIC-insured banks on September 26, 2026, from the FDIC institutions file. For a figure taken from the call report, such as a median, the base is the 4,238 FDIC-insured banks that filed for Q2 2026, because every figure of the quarter comes from that set. The page names the set beside each figure.

What counts as a merger in the opening and merger table?

A merger is an event in the FDIC history file in which one FDIC-insured charter is absorbed into another. A merger of two banks that the same company owns counts too, because it removes a charter. Each merger is dated on the day it took effect, not the day the FDIC processed it. A bank failure is not counted as a merger. Credit unions and uninsured institutions are left out.

Where can I get the figures for one state?

The state table is available as a CSV file at /banks/statistics/data.csv, with one row for each of the 50 states and DC. A state with enough banks also has its own page under /banks/statistics, which gives its figures and lists its banks by deposits.

How these figures are computed

Show the method

Every FDIC figure on this page is computed from the FDIC’s own files, once a month, and stored with the date of the data it was taken from. Nothing is recomputed while the page is being read, so a figure here and the same figure in the download always agree.

Every FDIC-insured bank that filed for the quarter is counted, including one that has merged or closed since: its filing still describes the quarter. Insured US branches of foreign banks and uninsured trust companies also appear in the FDIC financial data, and they are left out. A share is taken over the banks that reported the field it measures, never over a narrower list, and the count beside it says how many those were.

A charter date is the date the institution was established, not the date of a later name change or a later merger. When two charters merge, the one that survives keeps its own date.

A savings and money market rate is the interest expense a bank reports for the quarter, times four, over the average of its savings and money market balances at the start and the end of the quarter, or over the end balance when the prior quarter is missing. When the interest expense is missing, zero or negative, when it disagrees with the year-to-date figure, when the average balance is under $10 million, when the balance moved by more than half in the quarter, or when the result is outside 0% to 8%, no rate is computed for that charter and the charter leaves the rate set. It never enters it as a zero.

A per-capita figure divides sums taken over the same rows. The Census estimate does not cover the Federated States of Micronesia, Guam, Puerto Rico and the US Virgin Islands, so their branches are out of the numerator as well as the denominator, and they are named beside the figure.

A bank must file its call report within 30 days after the quarter ends, or 35 days for a bank with more than one foreign office (Call Report instructions of the Federal Financial Institutions Examination Council (FFIEC)). The newest quarter here is the newest the FDIC has released. The monthly rebuild carries each release through to this page.

A bank can amend a call report after it files. Each monthly rebuild reads the FDIC files again, so an amended figure replaces the earlier one, and the page and the download change together. The page does not keep the earlier figure.

The figures that compare a year with an earlier one come from the same FDIC files, kept since 2000 for charter openings and since 2014 for call reports, with the Summary of Deposits from 2016. The Fed’s rate is the effective federal funds rate from Federal Reserve Economic Data (FRED), averaged over each quarter, and a quarter’s inflation is the average of its monthly 12-month changes in the Consumer Price Index. The Bureau of Labor Statistics published no index for October 2025, so the fourth quarter of 2025 uses two months. The monthly rebuild recomputes each of these figures.

Source: FDIC BankFind Suite, financials, data as of https://api.fdic.gov/banks/financials. Source: FDIC BankFind Suite, institutions, data as of https://api.fdic.gov/banks/institutions. Source: FDIC BankFind Suite, locations, data as of https://api.fdic.gov/banks/locations. Source: FDIC BankFind Suite, history, data as of https://api.fdic.gov/banks/history.