FDIC Call Report data as of June 30, 2026 · Updated by StartBusinessByState
Short answer: Bank lending to small businesses is growing slowly. Small business loans on bank books grew 2.7% in dollars from June 2025 to June 2026, a bit slower than inflation. Small commercial real estate loans fell 1.8%. The number of banks keeps falling because of mergers. That also moves loans from one state’s banks to another’s. Important: FDIC data assigns every loan to the state where the bank is headquartered, not where the borrower is.
Key facts for reporters
- Business (C&I) loans with original amounts of $1 million or less: $430.5B on June 30, 2026, vs $419.2B a year earlier (+2.7%). CPI-U inflation over the same period: 3.5%.
- Number of those loans: 25.85 million, vs 25.95 million (-0.4%).
- Small commercial real estate loans (nonfarm nonresidential, $1 million or less): $244.4B, vs $248.9B (-1.8%).
- Small loans made up 16.4% of all business loans at banks, vs 17.1% a year earlier and 17.1% in 2015.
- Banks filing reports: 4,313 in June 2026, down from 4,494 a year earlier and 6,425 in 2015.
- Community banks (under $10 billion in assets) held $262.8B in small business and small commercial real estate loans (-4.7%). Highest per resident: North Dakota ($5,339), South Dakota ($3,838), Iowa ($2,871), Nebraska ($2,795).
- Large mergers moved loans across state lines this year. Examples: Cadence Bank (MS) into The Huntington National Bank (OH), 2026-02-01; Synovus Bank (GA) into Pinnacle Bank (TN), 2026-01-02; Comerica Bank (TX) into Fifth Third Bank, National Association (OH), 2026-02-01.
The national trend
The jump in 2020 and 2021 came from Paycheck Protection Program loans, which banks reported as small business loans until they were forgiven. Leaving those years out, small business loan balances have grown from $311.8B in 2015 to $430.5B in 2026 in dollars. Prices rose about 40% over that time. Small commercial real estate loans have drifted down every year since 2015. Small loans have also become a smaller share of what banks lend to businesses.
Balances move for several reasons: how much businesses want to borrow, interest rates, how strict banks are about lending, and loan payoffs. Some banks include business credit card balances in these figures. This data shows loans outstanding. It doesn’t show how many applications were approved or turned down.
Why state numbers need care
The FDIC reports each bank as a whole, so every loan counts toward the state where the bank’s main office is, no matter where the borrower is. A handful of national banks hold a big share of all small business loans, and some are headquartered in states where they do relatively little local lending. Examples: Utah (American Express National Bank, a card issuer), South Dakota (Wells Fargo), Ohio (JPMorgan Chase), North Carolina (Bank of America) and Delaware (PNC). In 9 states, one bank holds at least half of the state’s total.
Mergers also move dollars between states. When a bank is bought by one based elsewhere, its loans now count for the buyer’s state. In 14 states, mergers or headquarters moves changed the total by 5 points or more. The table shows both the reported change and the change among banks that weren’t part of a merger and stayed in the state, so you can tell the difference.
Community banks: a better local measure
Community banks (under $10 billion in assets) mostly lend near their home base, so their totals give a better feel for local lending. Measured per resident, community banks held the most small business and commercial real estate loans in North Dakota ($5,339), South Dakota ($3,838), Iowa ($2,871), Nebraska ($2,795), Maine ($2,603). The U.S. average was $773.
Community bank totals still shift when a community bank grows past $10 billion or merges, so check the state notes.
Small business loans by bank headquarters state
Small business loans = business (C&I) plus commercial real estate loans with original amounts of $1 million or less, June 30, 2026. Click a column to sort.
| State (bank HQ) | All banks | Change vs. June 2025 | Change, excluding merged banks | Community banks | Community bank change | Community banks per resident | Banks HQ’d (2025) | Largest bank (share) |
|---|---|---|---|---|---|---|---|---|
| U.S. | $674.96B | +1.0% | $262.81B | -4.7% | $773 | 4,313 | ||
| Alabama | $11.55B | -1.3% | +1.1% | $5.82B | -1.4% | $1,128 | 93 (95) | Regions Bank (38%) |
| Alaska | $891M | +7.6% | +7.6% | $891M | +7.6% | $1,203 | 5 (5) | First National Bank Alaska (41%) |
| Arizona | $963M | +2.6% | +10.6% | $412M | -20.1% | $54 | 13 (14) | Western Alliance Bank (57%) |
| Arkansas | $10.32B | +3.3% | +2.1% | $5.61B | +4.4% | $1,817 | 78 (78) | Arvest Bank (18%) |
| California | $15.55B | -1.5% | +4.3% | $9.74B | -6.2% | $247 | 120 (127) | Citizens Business Bank, National Association (7%) |
| Colorado | $3.21B | -19.1% | +0.6% | $2.83B | -10.1% | $475 | 63 (66) | Bank Of Colorado (15%) |
| Connecticut | $3.57B | -4.2% | -4.0% | $2.45B | -1.6% | $667 | 28 (29) | Webster Bank, National Association (31%) |
| Delaware | $20.16B | +16.7% | +3.4% | $194M | +4.8% | $185 | 26 (25) | Pnc Bank, National Association (53%) |
| District of Columbia | $137M | +5.3% | +5.3% | $137M | +5.3% | $195 | 4 (4) | Industrial Bank (38%) |
| Florida | $13.00B | -2.6% | +0.7% | $5.55B | -8.2% | $238 | 85 (89) | Southstate Bank, National Association (34%) |
| Georgia | $9.88B | -19.6% | +3.6% | $6.72B | +2.3% | $601 | 125 (138) | Ameris Bank (32%) |
| Hawaii | $1.02B | +0.6% | +0.6% | $390M | -1.6% | $269 | 6 (6) | First Hawaiian Bank (45%) |
| Idaho | $1.06B | -1.2% | -1.2% | $1.06B | -1.2% | $530 | 10 (10) | D. L. Evans Bank (31%) |
| Illinois | $34.76B | -3.0% | -2.4% | $23.87B | -2.2% | $1,878 | 328 (340) | Bmo Bank National Association (28%) |
| Indiana | $11.69B | -3.4% | -5.1% | $7.40B | -8.3% | $1,069 | 89 (92) | Old National Bank (22%) |
| Iowa | $9.31B | -6.4% | -0.7% | $9.31B | -6.4% | $2,871 | 227 (234) | Hills Bank And Trust Company (4%) |
| Kansas | $6.06B | +5.5% | +2.4% | $6.06B | +5.5% | $2,040 | 185 (193) | Equity Bank (10%) |
| Kentucky | $7.42B | +3.1% | +4.9% | $6.42B | -10.8% | $1,399 | 120 (121) | Stock Yards Bank & Trust Company (13%) |
| Louisiana | $8.32B | +1.7% | +3.5% | $7.65B | -6.4% | $1,664 | 104 (108) | Gulf Coast Bank And Trust Company (12%) |
| Maine | $3.66B | +3.5% | +2.9% | $3.66B | +3.5% | $2,603 | 22 (22) | Bangor Savings Bank (14%) |
| Maryland | $2.14B | -3.5% | -0.0% | $2.14B | +5.1% | $342 | 27 (29) | Shore United Bank, National Association (16%) |
| Massachusetts | $11.16B | +0.2% | -0.2% | $7.09B | -18.6% | $993 | 94 (100) | Rockland Trust Company (16%) |
| Michigan | $6.57B | +6.3% | +6.8% | $6.57B | +6.3% | $648 | 74 (76) | Macatawa Bank, National Association (11%) |
| Minnesota | $11.34B | +3.1% | +3.8% | $11.26B | +2.9% | $1,943 | 225 (237) | Stearns Bank National Association (10%) |
| Mississippi | $8.96B | -28.1% | -2.4% | $4.39B | +1.4% | $1,491 | 57 (60) | Hancock Whitney Bank (24%) |
| Missouri | $14.03B | -2.0% | -0.0% | $9.68B | -1.6% | $1,550 | 195 (207) | Umb Bank, National Association (9%) |
| Montana | $5.67B | +1.0% | -2.1% | $1.95B | +0.9% | $1,717 | 35 (36) | Glacier Bank (39%) |
| Nebraska | $7.01B | -0.7% | +2.9% | $5.61B | -3.6% | $2,795 | 139 (146) | First National Bank Of Omaha (20%) |
| Nevada | $486M | -25.8% | +2.6% | $337M | -34.4% | $103 | 16 (17) | Toyota Financial Savings Bank (30%) |
| New Hampshire | $1.12B | -4.7% | -0.4% | $1.12B | -4.7% | $791 | 17 (18) | Mascoma Bank (13%) |
| New Jersey | $8.36B | +1.9% | -0.5% | $3.59B | +1.2% | $377 | 50 (50) | Valley National Bank (22%) |
| New Mexico | $1.26B | -1.5% | -1.5% | $1.26B | -1.5% | $593 | 29 (29) | First American Bank (10%) |
| New York | $19.10B | -0.2% | +2.1% | $6.90B | -1.5% | $348 | 127 (132) | Manufacturers And Traders Trust Company (46%) |
| North Carolina | $69.41B | -2.5% | -2.1% | $3.34B | -9.9% | $302 | 39 (40) | Bank Of America, National Association (69%) |
| North Dakota | $4.92B | +0.8% | +1.7% | $4.25B | +0.1% | $5,339 | 60 (62) | Western State Bank (23%) |
| Ohio | $90.63B | +8.3% | +3.3% | $8.14B | -13.1% | $685 | 160 (165) | Jpmorgan Chase Bank, National Association (49%) |
| Oklahoma | $9.82B | -0.5% | +1.6% | $6.64B | -1.9% | $1,622 | 171 (175) | Midfirst Bank (11%) |
| Oregon | $5.49B | +8.6% | +2.5% | $1.13B | -1.4% | $265 | 14 (15) | Columbia Bank (79%) |
| Pennsylvania | $18.57B | -2.0% | +0.4% | $11.57B | -2.3% | $885 | 113 (121) | First National Bank Of Pennsylvania (19%) |
| Rhode Island | $2.37B | -18.0% | -7.6% | $594M | -32.7% | $534 | 5 (7) | Citizens Bank, National Association (75%) |
| South Carolina | $6.86B | +4.2% | +2.6% | $3.35B | +3.3% | $612 | 44 (43) | United Community Bank (51%) |
| South Dakota | $31.38B | -0.3% | -0.3% | $3.55B | +3.8% | $3,838 | 58 (59) | Wells Fargo Bank, National Association (65%) |
| Tennessee | $15.89B | +20.7% | +2.9% | $6.77B | -3.0% | $937 | 109 (116) | Pinnacle Bank (35%) |
| Texas | $27.37B | -6.5% | +2.1% | $19.21B | -9.1% | $614 | 352 (372) | Frost Bank (8%) |
| Utah | $70.23B | +5.9% | +5.9% | $4.62B | -27.8% | $1,319 | 45 (43) | American Express National Bank (68%) |
| Vermont | $817M | +1.5% | +1.5% | $817M | +1.5% | $1,260 | 12 (12) | Community National Bank (20%) |
| Virginia | $27.91B | +8.3% | +6.2% | $4.73B | -7.9% | $536 | 57 (58) | Capital One, National Association (57%) |
| Washington | $4.94B | -5.3% | +0.9% | $2.47B | -11.6% | $310 | 29 (34) | Banner Bank (30%) |
| West Virginia | $3.32B | +6.1% | +6.6% | $1.73B | +2.8% | $976 | 41 (45) | Wesbanco Bank, Inc. (48%) |
| Wisconsin | $12.42B | +3.7% | +1.1% | $10.59B | -7.8% | $1,776 | 155 (159) | Nicolet National Bank (9%) |
| Wyoming | $1.23B | -3.4% | -1.5% | $1.23B | -3.4% | $2,087 | 24 (26) | Platte Valley Bank (13%) |
State-by-state notes
Alabama
Banks headquartered in Alabama held $11.55B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 1.3% from a year earlier. Southern States Bank merged into FirstBank (TN) on 2025-07-01. CB&S Bank, Inc. absorbed Citizens Bank & Trust, Inc. (GA) on 2026-04-01. 91 community banks (under $10 billion in assets) based there held $5.82B, about $1,128 per resident (-1.4% from 2025). Banks headquartered in the state: 93 (down from 95).
Alaska
Banks headquartered in Alaska held $891M in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 7.6% from a year earlier. 5 community banks (under $10 billion in assets) based there held $891M, about $1,203 per resident (+7.6% from 2025). Banks headquartered in the state: 5 (2025: 5).
Arizona
Banks headquartered in Arizona held $963M in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 2.6% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +10.6%. 11 community banks (under $10 billion in assets) based there held $412M, about $54 per resident (-20.1% from 2025). Banks headquartered in the state: 13 (down from 14). One bank, Western Alliance Bank, holds 57% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
Arkansas
Banks headquartered in Arkansas held $10.32B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 3.3% from a year earlier. Centennial Bank absorbed Mountain Commerce Bank (TN) on 2026-04-01. Fm Bank And Trust absorbed First Missouri State Bank Of Cape County (MO) on 2026-01-01. 74 community banks (under $10 billion in assets) based there held $5.61B, about $1,817 per resident (+4.4% from 2025). Banks headquartered in the state: 78 (2025: 78).
California
Banks headquartered in California held $15.55B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 1.5% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +4.3%. Pacific Premier Bank, National Association merged into Columbia Bank (OR) on 2025-09-01. First Foundation Bank merged into Sunflower Bank, National Association (TX) on 2026-04-01. Mechanics Bank absorbed Homestreet Bank (WA) on 2025-09-02. 110 community banks (under $10 billion in assets) based there held $9.74B, about $247 per resident (-6.2% from 2025). Banks headquartered in the state: 120 (down from 127).
Colorado
Banks headquartered in Colorado held $3.21B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 19.1% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +0.6%. Firstbank merged into PNC Bank, National Association (DE) on 2026-06-18. NBH Bank absorbed Vista Bank (TX) on 2026-01-07. 62 community banks (under $10 billion in assets) based there held $2.83B, about $475 per resident (-10.1% from 2025). Banks headquartered in the state: 63 (down from 66).
Connecticut
Banks headquartered in Connecticut held $3.57B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 4.2% from a year earlier. 27 community banks (under $10 billion in assets) based there held $2.45B, about $667 per resident (-1.6% from 2025). Banks headquartered in the state: 28 (down from 29).
Delaware
Banks headquartered in Delaware held $20.16B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 16.7% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +3.4%. PNC Bank, National Association absorbed Firstbank (CO) on 2026-06-18. 20 community banks (under $10 billion in assets) based there held $194M, about $185 per resident (+4.8% from 2025). Banks headquartered in the state: 26 (2025: 25). One bank, Pnc Bank, National Association, holds 53% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
District of Columbia
Banks headquartered in District of Columbia held $137M in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 5.3% from a year earlier. 4 community banks (under $10 billion in assets) based there held $137M, about $195 per resident (+5.3% from 2025). Banks headquartered in the state: 4 (2025: 4).
Florida
Banks headquartered in Florida held $13.00B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 2.6% from a year earlier. Finemark National Bank & Trust merged into Commerce Bank (MO) on 2026-01-01. 78 community banks (under $10 billion in assets) based there held $5.55B, about $238 per resident (-8.2% from 2025). Banks headquartered in the state: 85 (down from 89).
Georgia
Banks headquartered in Georgia held $9.88B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 19.6% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +3.6%. Synovus Bank merged into Pinnacle Bank (TN) on 2026-01-02. North Georgia National Bank merged into Millennium Bank (TN) on 2025-10-01. 124 community banks (under $10 billion in assets) based there held $6.72B, about $601 per resident (+2.3% from 2025). Banks headquartered in the state: 125 (down from 138).
Hawaii
Banks headquartered in Hawaii held $1.02B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 0.6% from a year earlier. 4 community banks (under $10 billion in assets) based there held $390M, about $269 per resident (-1.6% from 2025). Banks headquartered in the state: 6 (2025: 6).
Idaho
Banks headquartered in Idaho held $1.06B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 1.2% from a year earlier. 10 community banks (under $10 billion in assets) based there held $1.06B, about $530 per resident (-1.2% from 2025). Banks headquartered in the state: 10 (2025: 10).
Illinois
Banks headquartered in Illinois held $34.76B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 3.0% from a year earlier. Bankfinancial, National Association merged into First Financial Bank (OH) on 2026-01-01. The Gifford State Bank merged into The Fountain Trust Company (IN) on 2026-03-10. 324 community banks (under $10 billion in assets) based there held $23.87B, about $1,878 per resident (-2.2% from 2025). Banks headquartered in the state: 328 (down from 340).
Indiana
Banks headquartered in Indiana held $11.69B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 3.4% from a year earlier. Clearpoint Federal Bank & Trust merged into Community Bank, National Association (NY) on 2026-06-01. First Financial Bank, National Association absorbed Cedarstone Bank (TN) on 2026-03-01. The Fountain Trust Company absorbed The Gifford State Bank (IL) on 2026-03-10. 85 community banks (under $10 billion in assets) based there held $7.40B, about $1,069 per resident (-8.3% from 2025). Banks headquartered in the state: 89 (down from 92).
Iowa
Banks headquartered in Iowa held $9.31B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 6.4% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was -0.7%. Midwestone Bank merged into Nicolet National Bank (WI) on 2026-02-13. Fidelity Bank & Trust absorbed Frost State Bank (MN) on 2025-12-05. Premier Bank absorbed Adrian State Bank (MN) on 2026-01-16. 227 community banks (under $10 billion in assets) based there held $9.31B, about $2,871 per resident (-6.4% from 2025). Banks headquartered in the state: 227 (down from 234).
Kansas
Banks headquartered in Kansas held $6.06B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 5.5% from a year earlier. Equity Bank absorbed Nbc Oklahoma (OK) on 2025-07-02. Equity Bank absorbed Frontier Bank (NE) on 2026-01-01. 185 community banks (under $10 billion in assets) based there held $6.06B, about $2,040 per resident (+5.5% from 2025). Banks headquartered in the state: 185 (down from 193).
Kentucky
Banks headquartered in Kentucky held $7.42B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 3.1% from a year earlier. 119 community banks (under $10 billion in assets) based there held $6.42B, about $1,399 per resident (-10.8% from 2025). Banks headquartered in the state: 120 (down from 121).
Louisiana
Banks headquartered in Louisiana held $8.32B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 1.7% from a year earlier. Cross Keys Bank merged into Planters Bank & Trust Company (MS) on 2026-01-01. Farmers-Merchants Bank & Trust Company merged into Merchants & Marine Bank (MS) on 2026-04-01. Investar Bank, National Association absorbed First National Bank (TX) on 2026-01-01. 103 community banks (under $10 billion in assets) based there held $7.65B, about $1,664 per resident (-6.4% from 2025). Banks headquartered in the state: 104 (down from 108).
Maine
Banks headquartered in Maine held $3.66B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 3.5% from a year earlier. Bar Harbor Bank & Trust absorbed Woodsville Guaranty Savings Bank (NH) on 2025-07-31. 22 community banks (under $10 billion in assets) based there held $3.66B, about $2,603 per resident (+3.5% from 2025). Banks headquartered in the state: 22 (2025: 22).
Maryland
Banks headquartered in Maryland held $2.14B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 3.5% from a year earlier. Cecil Bank merged into The Ephrata National Bank (PA) on 2026-02-01. 27 community banks (under $10 billion in assets) based there held $2.14B, about $342 per resident (+5.1% from 2025). Banks headquartered in the state: 27 (down from 29).
Massachusetts
Banks headquartered in Massachusetts held $11.16B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 0.2% from a year earlier. 90 community banks (under $10 billion in assets) based there held $7.09B, about $993 per resident (-18.6% from 2025). Banks headquartered in the state: 94 (down from 100).
Michigan
Banks headquartered in Michigan held $6.57B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 6.3% from a year earlier. Comerica Bank & Trust, National Association merged into Fifth Third Bank, National Association (OH) on 2026-02-01. 74 community banks (under $10 billion in assets) based there held $6.57B, about $648 per resident (+6.3% from 2025). Banks headquartered in the state: 74 (down from 76).
Minnesota
Banks headquartered in Minnesota held $11.34B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 3.1% from a year earlier. Cenbank merged into None (None) on 1994-10-01. Frost State Bank merged into Fidelity Bank & Trust (IA) on 2025-12-05. 224 community banks (under $10 billion in assets) based there held $11.26B, about $1,943 per resident (+2.9% from 2025). Banks headquartered in the state: 225 (down from 237).
Mississippi
Banks headquartered in Mississippi held $8.96B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 28.1% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was -2.4%. Cadence Bank merged into The Huntington National Bank (OH) on 2026-02-01. Planters Bank & Trust Company absorbed Cross Keys Bank (LA) on 2026-01-01. Cadence Bank absorbed Citizens State Bank (TX) on 2025-07-01. 54 community banks (under $10 billion in assets) based there held $4.39B, about $1,491 per resident (+1.4% from 2025). Banks headquartered in the state: 57 (down from 60).
Missouri
Banks headquartered in Missouri held $14.03B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 2.0% from a year earlier. Country Club Bank merged into First National Bank of Omaha (NE) on 2025-10-01. First Missouri State Bank Of Cape County merged into Fm Bank And Trust (AR) on 2026-01-01. Commerce Bank absorbed Finemark National Bank & Trust (FL) on 2026-01-01. 189 community banks (under $10 billion in assets) based there held $9.68B, about $1,550 per resident (-1.6% from 2025). Banks headquartered in the state: 195 (down from 207).
Montana
Banks headquartered in Montana held $5.67B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 1.0% from a year earlier. Glacier Bank absorbed Guaranty Bank & Trust, N.A. (TX) on 2025-10-01. 33 community banks (under $10 billion in assets) based there held $1.95B, about $1,717 per resident (+0.9% from 2025). Banks headquartered in the state: 35 (down from 36).
Nebraska
Banks headquartered in Nebraska held $7.01B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 0.7% from a year earlier. Frontier Bank merged into Equity Bank (KS) on 2026-01-01. First National Bank of Omaha absorbed Country Club Bank (MO) on 2025-10-01. 138 community banks (under $10 billion in assets) based there held $5.61B, about $2,795 per resident (-3.6% from 2025). Banks headquartered in the state: 139 (down from 146).
Nevada
Banks headquartered in Nevada held $486M in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 25.8% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +2.6%. 14 community banks (under $10 billion in assets) based there held $337M, about $103 per resident (-34.4% from 2025). Banks headquartered in the state: 16 (down from 17).
New Hampshire
Banks headquartered in New Hampshire held $1.12B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 4.7% from a year earlier. Woodsville Guaranty Savings Bank merged into Bar Harbor Bank & Trust (ME) on 2025-07-31. 17 community banks (under $10 billion in assets) based there held $1.12B, about $791 per resident (-4.7% from 2025). Banks headquartered in the state: 17 (down from 18).
New Jersey
Banks headquartered in New Jersey held $8.36B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 1.9% from a year earlier. 1St Colonial Community Bank merged into Mid Penn Bank (PA) on 2026-02-27. OceanFirst Bank, National Association absorbed Flushing Bank (NY) on 2026-06-02. 45 community banks (under $10 billion in assets) based there held $3.59B, about $377 per resident (+1.2% from 2025). Banks headquartered in the state: 50 (2025: 50).
New Mexico
Banks headquartered in New Mexico held $1.26B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 1.5% from a year earlier. 29 community banks (under $10 billion in assets) based there held $1.26B, about $593 per resident (-1.5% from 2025). Banks headquartered in the state: 29 (2025: 29).
New York
Banks headquartered in New York held $19.10B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 0.2% from a year earlier. Flushing Bank merged into OceanFirst Bank, National Association (NJ) on 2026-06-02. Pcsb Bank merged into None (None) on 2018-12-31. Community Bank, National Association absorbed Clearpoint Federal Bank & Trust (IN) on 2026-06-01. 107 community banks (under $10 billion in assets) based there held $6.90B, about $348 per resident (-1.5% from 2025). Banks headquartered in the state: 127 (down from 132).
North Carolina
Banks headquartered in North Carolina held $69.41B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 2.5% from a year earlier. Dogwood State Bank merged into TowneBank (VA) on 2026-01-12. 34 community banks (under $10 billion in assets) based there held $3.34B, about $302 per resident (-9.9% from 2025). Banks headquartered in the state: 39 (down from 40). One bank, Bank Of America, National Association, holds 69% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
North Dakota
Banks headquartered in North Dakota held $4.92B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 0.8% from a year earlier. 59 community banks (under $10 billion in assets) based there held $4.25B, about $5,339 per resident (+0.1% from 2025). Banks headquartered in the state: 60 (down from 62).
Ohio
Banks headquartered in Ohio held $90.63B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 8.3% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +3.3%. The Huntington National Bank absorbed Cadence Bank (MS) on 2026-02-01. Fifth Third Bank, National Association absorbed Comerica Bank (TX) on 2026-02-01. 152 community banks (under $10 billion in assets) based there held $8.14B, about $685 per resident (-13.1% from 2025). Banks headquartered in the state: 160 (down from 165).
Oklahoma
Banks headquartered in Oklahoma held $9.82B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 0.5% from a year earlier. Nbc Oklahoma merged into Equity Bank (KS) on 2025-07-02. 167 community banks (under $10 billion in assets) based there held $6.64B, about $1,622 per resident (-1.9% from 2025). Banks headquartered in the state: 171 (down from 175).
Oregon
Banks headquartered in Oregon held $5.49B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 8.6% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +2.5%. Columbia Bank absorbed Pacific Premier Bank, National Association (CA) on 2025-09-01. 13 community banks (under $10 billion in assets) based there held $1.13B, about $265 per resident (-1.4% from 2025). Banks headquartered in the state: 14 (down from 15). One bank, Columbia Bank, holds 79% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
Pennsylvania
Banks headquartered in Pennsylvania held $18.57B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 2.0% from a year earlier. Linkbank merged into Burke & Herbert Bank & Trust Company (VA) on 2026-05-01. Mid Penn Bank absorbed 1St Colonial Community Bank (NJ) on 2026-02-27. The Ephrata National Bank absorbed Cecil Bank (MD) on 2026-02-01. 105 community banks (under $10 billion in assets) based there held $11.57B, about $885 per resident (-2.3% from 2025). Banks headquartered in the state: 113 (down from 121).
Rhode Island
Banks headquartered in Rhode Island held $2.37B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 18.0% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was -7.6%. 4 community banks (under $10 billion in assets) based there held $594M, about $534 per resident (-32.7% from 2025). Banks headquartered in the state: 5 (down from 7). One bank, Citizens Bank, National Association, holds 75% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
South Carolina
Banks headquartered in South Carolina held $6.86B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 4.2% from a year earlier. First Community Bank absorbed Signature Bank Of Georgia (GA) on 2026-01-09. 43 community banks (under $10 billion in assets) based there held $3.35B, about $612 per resident (+3.3% from 2025). Banks headquartered in the state: 44 (2025: 43). One bank, United Community Bank, holds 51% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
South Dakota
Banks headquartered in South Dakota held $31.38B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 0.3% from a year earlier. First National Bank absorbed Wyoming Bank & Trust (WY) on 2025-08-01. 56 community banks (under $10 billion in assets) based there held $3.55B, about $3,838 per resident (+3.8% from 2025). Banks headquartered in the state: 58 (down from 59). One bank, Wells Fargo Bank, National Association, holds 65% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
Tennessee
Banks headquartered in Tennessee held $15.89B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 20.7% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +2.9%. First Citizens National Bank merged into The Park National Bank (OH) on 2026-02-01. Mountain Commerce Bank merged into Centennial Bank (AR) on 2026-04-01. Pinnacle Bank absorbed Synovus Bank (GA) on 2026-01-02. FirstBank absorbed Southern States Bank (AL) on 2025-07-01. 106 community banks (under $10 billion in assets) based there held $6.77B, about $937 per resident (-3.0% from 2025). Banks headquartered in the state: 109 (down from 116).
Texas
Banks headquartered in Texas held $27.37B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 6.5% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +2.1%. Comerica Bank merged into Fifth Third Bank, National Association (OH) on 2026-02-01. Veritex Community Bank merged into The Huntington National Bank (OH) on 2025-10-20. Sunflower Bank, National Association absorbed First Foundation Bank (CA) on 2026-04-01. 339 community banks (under $10 billion in assets) based there held $19.21B, about $614 per resident (-9.1% from 2025). Banks headquartered in the state: 352 (down from 372).
Utah
Banks headquartered in Utah held $70.23B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 5.9% from a year earlier. 32 community banks (under $10 billion in assets) based there held $4.62B, about $1,319 per resident (-27.8% from 2025). Banks headquartered in the state: 45 (2025: 43). One bank, American Express National Bank, holds 68% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
Vermont
Banks headquartered in Vermont held $817M in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 1.5% from a year earlier. 12 community banks (under $10 billion in assets) based there held $817M, about $1,260 per resident (+1.5% from 2025). Banks headquartered in the state: 12 (2025: 12).
Virginia
Banks headquartered in Virginia held $27.91B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 8.3% from a year earlier. Burke & Herbert Bank & Trust Company absorbed Linkbank (PA) on 2026-05-01. TowneBank absorbed Dogwood State Bank (NC) on 2026-01-12. 51 community banks (under $10 billion in assets) based there held $4.73B, about $536 per resident (-7.9% from 2025). Banks headquartered in the state: 57 (down from 58). One bank, Capital One, National Association, holds 57% of the state’s total, so the state figure mostly reflects that bank’s nationwide lending.
Washington
Banks headquartered in Washington held $4.94B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 5.3% from a year earlier. Most of that swing came from bank mergers or banks moving their headquarters. Leaving out banks that merged or moved, the change was +0.9%. Homestreet Bank merged into Mechanics Bank (CA) on 2025-09-02. 26 community banks (under $10 billion in assets) based there held $2.47B, about $310 per resident (-11.6% from 2025). Banks headquartered in the state: 29 (down from 34).
West Virginia
Banks headquartered in West Virginia held $3.32B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 6.1% from a year earlier. Union Bank, Inc. merged into First Community Bank (VA) on 2026-01-24. 40 community banks (under $10 billion in assets) based there held $1.73B, about $976 per resident (+2.8% from 2025). Banks headquartered in the state: 41 (down from 45).
Wisconsin
Banks headquartered in Wisconsin held $12.42B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, up 3.7% from a year earlier. Nicolet National Bank absorbed Midwestone Bank (IA) on 2026-02-13. 153 community banks (under $10 billion in assets) based there held $10.59B, about $1,776 per resident (-7.8% from 2025). Banks headquartered in the state: 155 (down from 159).
Wyoming
Banks headquartered in Wyoming held $1.23B in small business loans (business and commercial real estate loans of $1 million or less) on June 30, 2026, down 3.4% from a year earlier. Wyoming Bank & Trust merged into First National Bank (SD) on 2025-08-01. 24 community banks (under $10 billion in assets) based there held $1.23B, about $2,087 per resident (-3.4% from 2025). Banks headquartered in the state: 24 (down from 26).
What this means if you need a loan
For your own application, compare business loan types by purpose, eligibility and repayment schedule. The guide separates business credit lines from equipment, term and SBA loans so the application fits the funding need.
Leaving out the PPP years, banks hold more small business loans in dollars than at any point since at least 2015. But the number of loans isn’t growing and there are fewer banks to choose from. New businesses usually find bank loans hardest to get, because most banks want two or more years of history and steady revenue. For other options and how small firms report their credit experience, see SBA loan statistics, small business credit access by state and how rate hikes hit small businesses.
Established business looking for working capital?
If your business has been operating at least 6 months with about $240,000 or more in yearly revenue, you can check working capital options from Fora Financial. Established businesses can also compare funding offers from Cardiff. These aren’t startup loans. Compare costs carefully with any bank or SBA option you qualify for.
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Methods and limits
- Source: FDIC BankFind Suite financial data API (
api.fdic.gov/banks/financials), built from the Call Reports every FDIC-insured bank files. We used each bank’s June 30 report, because the small-loan items (Schedule RC-C Part II) are reported as of June 30. - Definitions: “small business loans” means commercial and industrial loans (LNCI4) plus loans secured by nonfarm nonresidential property (LNRENR4) with original amounts of $1 million or less, the standard bank-regulator measure. Loan size stands in for business size. Some small loans go to larger firms, and some small firms borrow more than $1 million. Small farm loans aren’t included in the totals.
- State: the bank’s headquarters state (STALP), not the borrower’s location. “Excluding merged banks” compares only banks headquartered in the state in both years that neither bought another bank nor were bought in the past year. “Community banks” means total assets under $10 billion at each date.
- Dollars are not adjusted for inflation. Inflation is CPI-U, June to June (BLS).
- Merger details come from the FDIC institution history API (structure change events).
Sources
Cite this data
Reporters and bloggers may use these numbers and charts. Please credit StartBusinessByState and link to this page.
Source: StartBusinessByState, “Small Business Bank Loans by State: Who Is Lending as Rates Rise,” https://startbusinessbystate.com/small-business-bank-loans-by-state/ (updated October 8, 2026).
FAQ
How much do banks lend to small businesses?
U.S. banks held $430.5B in business loans of $1 million or less on June 30, 2026, plus $244.4B in small commercial real estate loans, according to FDIC Call Report data.
Is small business lending going up or down?
Slowly up in dollars: +2.7% from June 2025 to June 2026, slightly less than inflation (3.5%). The number of small business loans fell 0.4%, and small commercial real estate loans fell 1.8%.
Why do Utah and South Dakota show so much small business lending?
Because the FDIC counts each loan in the bank’s headquarters state. American Express National Bank (Utah) and Wells Fargo (South Dakota) report their nationwide balances there.
Which states have the most community bank lending to small businesses?
Per resident, community banks headquartered in North Dakota, South Dakota and Iowa hold the most small business and commercial real estate loans.
Where does this data come from?
FDIC BankFind Suite, which publishes the quarterly Call Reports filed by every FDIC-insured bank. Small loan data comes from the June 30 reports.
Last updated October 8, 2026 by StartBusinessByState.