Deposit market structure
Where US bank deposits sit
Every FDIC-insured institution reports its branch-office deposits once a year, as of June 30, in the FDIC’s Summary of Deposits survey. This page aggregates those branch rows, 1994–2025, into the national picture and a page per state and territory. The survey’s dollar unit is thousands of US dollars; figures here are displayed as $B and $T on that basis.
Total domestic deposits, 1994–2025
Summed branch-office deposits across all states and territories, one observation per survey year. Deposits grew from $3.16T in 1994 to $18.10T in 2025. The series is nominal: no inflation adjustment is applied.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Sum of state-level aggregates; thousands of USD displayed as $B/$T. Methodology
Fewer branches, fewer banks, more deposits
The branch network peaked at 99,550 offices in 2009 and has shrunk every survey since, to 76,120 in 2025, a decline of 23.5%. Over the same window deposits rose 139%, so the average branch now books $237.8M against $75.9M at the peak. The institution count fell from 13,002 in 1994 to 4,431 in 2025, a consolidation that predates the branch decline and never reversed.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Branches are summed state rows; institutions are distinct FDIC certificates nationwide. Methodology
The ten largest state deposit markets, 2025
Ranked by SOD deposits booked at branches in the state. Share is of the national total. Deposits are office-assigned: a bank’s internal allocation can concentrate balances at a head-office state, which flatters states hosting large headquarters.
| # | State | Deposits | Share | Branches | HHI |
|---|---|---|---|---|---|
| 1 | New York | $2.61T | 14.4% | 4,014 | 1577 |
| 2 | California | $1.80T | 9.9% | 5,493 | 1182 |
| 3 | Texas | $1.50T | 8.3% | 6,211 | 837 |
| 4 | Utah | $1.07T | 5.9% | 504 | 1185 |
| 5 | South Dakota | $919.58B | 5.1% | 429 | 4654 |
| 6 | Florida | $859.24B | 4.7% | 4,259 | 755 |
| 7 | North Carolina | $726.35B | 4.0% | 1,989 | 2626 |
| 8 | Illinois | $704.42B | 3.9% | 3,621 | 691 |
| 9 | Massachusetts | $602.76B | 3.3% | 1,887 | 1636 |
| 10 | Ohio | $565.32B | 3.1% | 3,020 | 1094 |
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30, 2025. HHI is the statewide institution-share index (0-10,000), not a merger-review market HHI. Methodology
Every state and territory
Latest survey-year structure for all 59 jurisdictions in the SOD state file: the 50 states, DC, and the territories and freely-associated states whose branches report to the survey. Each links to its full 1994–2025 history.
| State | Deposits | Branches | Institutions | HHI | Survey |
|---|---|---|---|---|---|
| New York NY | $2.61T | 4,014 | 182 | 1577 | 2025 |
| California CA | $1.80T | 5,493 | 177 | 1182 | 2025 |
| Texas TX | $1.50T | 6,211 | 466 | 837 | 2025 |
| Utah UT | $1.07T | 504 | 61 | 1185 | 2025 |
| South Dakota SD | $919.58B | 429 | 81 | 4654 | 2025 |
| Florida FL | $859.24B | 4,259 | 195 | 755 | 2025 |
| North Carolina NC | $726.35B | 1,989 | 86 | 2626 | 2025 |
| Illinois IL | $704.42B | 3,621 | 393 | 691 | 2025 |
| Massachusetts MA | $602.76B | 1,887 | 128 | 1636 | 2025 |
| Ohio OH | $565.32B | 3,020 | 190 | 1094 | 2025 |
| Pennsylvania PA | $563.20B | 3,338 | 157 | 903 | 2025 |
| Delaware DE | $538.47B | 247 | 36 | 4836 | 2025 |
| New Jersey NJ | $436.80B | 2,258 | 103 | 779 | 2025 |
| Georgia GA | $354.25B | 2,024 | 187 | 914 | 2025 |
| Virginia VA | $326.92B | 1,832 | 107 | 1109 | 2025 |
| Michigan MI | $303.63B | 1,934 | 100 | 990 | 2025 |
| Minnesota MN | $297.40B | 1,589 | 291 | 1459 | 2025 |
| Missouri MO | $268.87B | 2,102 | 261 | 487 | 2025 |
| Tennessee TN | $233.51B | 1,934 | 170 | 593 | 2025 |
| Arizona AZ | $220.83B | 969 | 62 | 1498 | 2025 |
| Indiana IN | $212.13B | 1,741 | 133 | 447 | 2025 |
| Washington WA | $211.15B | 1,363 | 66 | 966 | 2025 |
| Wisconsin WI | $201.07B | 1,645 | 191 | 648 | 2025 |
| Maryland MD | $200.06B | 1,153 | 74 | 979 | 2025 |
| Colorado CO | $180.08B | 1,350 | 123 | 808 | 2025 |
| Connecticut CT | $177.49B | 932 | 51 | 1283 | 2025 |
| Alabama AL | $142.23B | 1,343 | 132 | 729 | 2025 |
| Oklahoma OK | $141.58B | 1,286 | 199 | 502 | 2025 |
| Louisiana LA | $133.22B | 1,325 | 122 | 715 | 2025 |
| South Carolina SC | $129.86B | 1,144 | 76 | 760 | 2025 |
| Iowa IA | $126.43B | 1,419 | 266 | 204 | 2025 |
| Nevada NV | $121.58B | 404 | 51 | 1237 | 2025 |
| Kentucky KY | $121.42B | 1,453 | 156 | 356 | 2025 |
| Arkansas AR | $107.12B | 1,290 | 110 | 538 | 2025 |
| Oregon OR | $102.97B | 720 | 37 | 1247 | 2025 |
| Kansas KS | $102.06B | 1,342 | 241 | 222 | 2025 |
| Nebraska NE | $92.46B | 1,040 | 167 | 566 | 2025 |
| Puerto Rico PRnon-state | $83.79B | 262 | 6 | 4606 | 2025 |
| Mississippi MS | $80.47B | 1,059 | 82 | 682 | 2025 |
| District of Columbia DCnon-state | $64.46B | 180 | 34 | 1739 | 2025 |
| Hawaii HI | $56.64B | 217 | 13 | 2569 | 2025 |
| New Hampshire NH | $48.71B | 379 | 43 | 1078 | 2025 |
| West Virginia WV | $47.10B | 560 | 69 | 656 | 2025 |
| Maine ME | $46.13B | 432 | 28 | 696 | 2025 |
| Rhode Island RI | $44.52B | 244 | 19 | 2083 | 2025 |
| New Mexico NM | $44.42B | 405 | 55 | 760 | 2025 |
| North Dakota ND | $41.59B | 412 | 73 | 451 | 2025 |
| Idaho ID | $39.46B | 397 | 31 | 873 | 2025 |
| Montana MT | $37.34B | 369 | 49 | 1154 | 2025 |
| Wyoming WY | $21.20B | 214 | 46 | 544 | 2025 |
| Vermont VT | $18.68B | 219 | 25 | 1079 | 2025 |
| Alaska AK | $16.04B | 113 | 7 | 2678 | 2025 |
| Guam GUnon-state | $4.21B | 16 | 4 | 3322 | 2025 |
| US Virgin Islands VInon-state | $3.65B | 20 | 5 | 2847 | 2025 |
| Northern Mariana Islands MPnon-state | $944.6M | 6 | 4 | 3591 | 2025 |
| Federated States of Micronesia FMnon-state | $493.7M | 8 | 2 | 5003 | 2025 |
| Palau PWnon-state | $364.3M | 3 | 3 | 5257 | 2025 |
| Marshall Islands MHnon-state | $186.6M | 1 | 1 | 10000 | 2025 |
| American Samoa ASnon-state | $2.1M | 2 | 1 | 10000 | 2023 |
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each jurisdiction's latest survey year (shown per row). Jurisdictions with one or two reporting institutions pin the HHI near the 10,000 single-institution ceiling. Methodology
Related: institution-level health scores on US banks. See the full methodology for the survey definition, the June 30 convention, the DEPDOM reconciliation anchor, and the HHI construction.