There are a total of 30 banks currently operating in the state of Idaho that are also insured by the federal deposit insurance corporation. Of the banks operating within the state, 11 are also headquartered in the state. Therefore, these 11 banks can be considered Idaho-based banks though they might operate nationally or internationally. Banks operating within the state had in total $10 billion of assets, $8 billion of deposits and $5 billion of loans outstanding as of this writing. Overall and in aggregate residential mortgages made up 8% of the assets managed by banks in Idaho. Further, these banks also currently employ in total 1,523 people within the state, which represents 0.1% of the population.

Density of Banks in Idaho

There are a total of 443 bank branches located within the state of Idaho. This works out to a ratio of approximately 2.5 branches per 10,000 people in Idaho.  Comparing the banks in Idaho to banks operating in other states on this measure, Idaho ranks 31st out of 52 states and territories in terms of branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in Idaho had on average 0.5 branches per 100 square miles. As a result, Idaho ranks 47th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in Idaho

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  • 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 Idaho is ranked 5th out of the 52 states and main territories in the country.
  • Return on Assets – banks in the state of Idaho are on average higher the average bank’s Return on Assets in the United States. Overall, the Return on Assets for banks in Idaho is ranked 27th out of the 52 states and main territories in the United States.
  • Return on Equity – banks in the state of Idaho are on average generating a higher return on equity than the average bank in the United States. In total, the return on equity for banks in Idaho is ranked 19th out of the 52 states and main territories in the United States.
  • 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 Idaho are ranked 38th 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 Idaho are ranked 12nd 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 Idaho

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Based on the latest available data, Wells Fargo Bank is the largest bank operating in Idaho based on its deposit share. Wells Fargo Bank currently has a 19% share of deposits within the state. Below is summary information on the top 5 largest banks in Idaho.

Wells Fargo Bank

Wells Fargo Bank currently has the largest share of deposits within the state and has $7.5 billion of deposits. In addition to this the bank also has 59 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 101 N. Phillips Ave. Sioux Falls, SD 57104

Website: www.wellsfargo.com

U.S. Bank 

U.S. Bank  currently has the second largest share of deposits within the state and has $6.8 billion of deposits. The bank also has 77 offices within the state, which represents 3% of its total domestic offices.

Main Office Address: 425 Walnut St. Cincinnati, OH 45202

Website: www.usbank.com

Keybank 

Keybank  currently has the third largest share of deposits within the state and has $2.7 billion of deposits. The bank also has 22 offices within the state, which represents 2% of its total domestic offices.

Main Office Address: 127 Public Sq Cleveland, OH 44114

Website: www.key.com

Bank of America

Bank of America currently has the fourth largest share of deposits within the state and has $2.7 billion of deposits. Further, the bank also has 2 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

Glacier Bank

Glacier Bank currently has the fifth largest share of deposits within the state and has $2.4 billion of deposits. In addition, the bank also has 24 offices within the state, which represents 13% of its total domestic offices.

Main Office Address: 49 Commons Loop Kalispell, MT 59901

Website: www.glacierbank.com