There are a total of 43 banks currently operating in the state of New Hampshire that are also insured by the federal deposit insurance corporation. Of the banks operating within the state, 17 are also headquartered in the state. Therefore, these 17 banks can be considered New Hampshire-based banks though they might operate nationally or internationally. Banks operating within the state had in total $15 billion of assets, $13 billion of deposits and $11 billion of loans outstanding as of this writing. Looking at the asset composition of banks in New Hampshire, residential mortgages made up 31% of the assets managed by these banks. In addition to this, these banks in total employ 2,100 people within the state. This represents 0.2% of the population.

Density of Banks in New Hampshire

There are a total of 391 bank branches located within the state of New Hampshire. This works out to a ratio of approximately 2.9 branches per 10,000 people in New Hampshire.  If we take the data on the banks in New Hampshire and compare it with the banks operating in other states, we find that on this metric, banks in New Hampshire rank 27th out of the 52 states and territories. This is ranked in order of most to least branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in New Hampshire had on average 4.4 branches per 100 square miles. As a result, New Hampshire ranks 18th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in New Hampshire

performance-of-banks-in-New Hampshire

  • Net Interest Margin – banks in the state of New Hampshire are on average above the average bank’s net interest margin in the United States. This is for FDIC-insured banks only. Overall, the net interest margin for banks in New Hampshire is ranked 17th out of the 52 states and main territories in the United States.
  • Return on Assets – banks in the state of New Hampshire are on average lower the average bank’s Return on Assets in the United States. Overall, the Return on Assets for banks in New Hampshire is ranked 50th out of the 52 states and main territories in the United States.
  • 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 New Hampshire is ranked 51st 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 New Hampshire are ranked 4th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric is a good way to compare the quality of the assets of a bank as well as the performance of the assets. Banks operating in the state of New Hampshire are on average better than the national average when it comes to nonperforming assets. The level of nonperformance is what is important as a higher figure indicates a lower quality or a lower performing asset base. In total, banks in New Hampshire are ranked 3rd out of the 52 states and main territories in the country on this metric.

5 Largest Banks in the state of New Hampshire

deposit-market-share-of-banks-in-New Hampshire

Based on the latest available data, TD Bank is the largest bank operating in New Hampshire based on its deposit share. TD Bank currently has a 24% share of deposits within the state. Below is summary information on the top 5 largest banks in New Hampshire.

TD Bank

TD Bank currently has the largest share of deposits within the state and has $11.6 billion of deposits. In addition to this the bank also has 52 offices within the state, which represents 5% of its total domestic offices.

Main Office Address: 2035 Limestone Rd. Wilmington, DE 19808

Website: www.td.com/us/en/personal-banking/

Citizens Bank

Citizens Bank currently has the second largest share of deposits within the state and has $10.0 billion of deposits. The bank also has 54 offices within the state, which represents 6% of its total domestic offices.

Main Office Address: 1 Citizens Plz Providence, RI 2903

Website: www.citizensbank.com

Bank of America

Bank of America currently has the third largest share of deposits within the state and has $7.0 billion of deposits. The bank also has 21 offices within the state, which represents 1% of its total domestic offices.

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

Website: www.bankofamerica.com

People’s United Bank

People’s United Bank currently has the fourth largest share of deposits within the state and has $2.0 billion of deposits. Further, the bank also has 25 offices within the state, which represents 6% of its total domestic offices.

Main Office Address: 850 Main St Bridgeport, CT 6604

Website: www.peoples.com

Bank of New Hampshire

Bank of New Hampshire currently has the fifth largest share of deposits within the state and has $1.8 billion of deposits. In addition, the bank also has 24 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 62 Pleasant St Laconia, NH 3246

Website: www.BankNH.com