There are a total of 113 banks currently operating in the state of Arkansas that are also insured by the federal deposit insurance corporation. Of the banks operating within the state, 84 are also headquartered in the state. Therefore, these 84 banks can be considered Arkansas-based banks though they might operate nationally or internationally. Banks operating within the state had in total $142 billion of assets, $116 billion of deposits and $83 billion of loans outstanding as of this writing. Overall and in aggregate residential mortgages made up 10% of the assets managed by banks in Arkansas. Further, these banks also currently employ in total 23,550 people within the state, which represents 0.8% of the population.

Density of Banks in Arkansas

There are a total of 1,299 bank branches located within the state of Arkansas. This works out to a ratio of approximately 4.3 branches per 10,000 people in Arkansas.  Comparing the banks in Arkansas to banks operating in other states on this measure, Arkansas ranks 6th out of 52 states and territories in terms of branches per capita.  Taking a different approach, let’s look at the physical density of branches within this state. When the total square mileage of a state is factored in, banks in Arkansas had on average 2.5 branches per 100 square miles. Therefore, Arkansas ranks 30th out of 52 states and territories in terms of the most branches per square mile.

Performance of Banks in Arkansas

performance-of-banks-in-Arkansas

  • Net Interest Margin – banks in this state are on average above the national average on this metric. In total the net interest margin for the banks in Arkansas is ranked 10th out of the 52 states and main territories in the country.
  • Return on Assets – in terms of this important return metric, banks in this state are on average higher than the national average. Altogether the Return on Assets for the banks in Arkansas is ranked 8th out of the 52 states and main territories in the country.
  • Return on Equity – banks in this state on average have a lower return on equity than the national average. Overall, the Return on Equity for banks in Arkansas is ranked 26th out of the 52 states and main territories in the country.
  • Loan to Deposit – Banks in this state are on average below the national average when it comes to loan to deposit. Loan to deposit ratio is a good way to assess the liquidity of a bank. Lower is better as it means that a bank is funding more of its lending activities with its deposit base. Banks in Arkansas are ranked 25th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average better than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Arkansas are ranked 16th out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in Arkansas

deposit-market-share-of-banks-in-Arkansas

Based on the latest available data, Arvest Bank is the largest bank operating in Arkansas based on its deposit share. Arvest Bank currently has a 15% share of deposits within the state. Below is summary information on the top 5 largest banks in Arkansas.

Arvest Bank

Arvest Bank currently has the largest share of deposits within the state and has $13.3 billion of deposits. In addition to this the bank also has 108 offices within the state, which represents 44% of its total domestic offices.

Main Office Address: 75 N. East St. Fayetteville, AR 72701

Website: www.arvest.com

Bank of America

Bank of America currently has the second largest share of deposits within the state and has $7.9 billion of deposits. The bank also has 19 offices within the state, which represents 0% of its total domestic offices.

Main Office Address: 100 N Tryon St Charlotte, NC 28202

Website: www.bankofamerica.com

Bank Ozk

Bank Ozk currently has the third largest share of deposits within the state and has $7.4 billion of deposits. The bank also has 78 offices within the state, which represents 30% of its total domestic offices.

Main Office Address: 18000 Cantrell Rd Little Rock, AR 72223

Website: http://www.ozk.com

Simmons Bank

Simmons Bank currently has the fourth largest share of deposits within the state and has $6.8 billion of deposits. Further, the bank also has 72 offices within the state, which represents 35% of its total domestic offices.

Main Office Address: 501 Main St. Pine Bluff, AR 71611

Website: http://www.simmonsbank.com

First Security Bank

First Security Bank currently has the fifth largest share of deposits within the state and has $6.1 billion of deposits. In addition, the bank also has 81 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 314 N. Spring St. Searcy, AR 72143

Website: www.fsbank.com