There are a total of 48 banks currently operating in the state of Wyoming that are also insured by the federal deposit insurance corporation. Of the banks operating within the state, 30 are also headquartered in the state. Therefore, these 30 banks can be considered Wyoming-based banks though they might operate nationally or internationally. Banks operating within the state had in total $12 billion of assets, $11 billion of deposits and $6 billion of loans outstanding as of this writing. Banks in Wyoming state currently employ a total of 1,641 people within the state. This amounts to 0.3% of the overall population of the state. In addition, residential mortgages made up 10% of the assets managed by banks operating within the state.

Density of Banks in Wyoming

Banks in Wyoming currently have a total of 217 branches located within the state. This equates to 3.7 branches per 10,000 people in Wyoming.  If we take the data on the banks in this state and compare it with the banks operating in other states, we find that on this metric, banks in Wyoming rank 7th 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 Wyoming had on average 0.2 branches per 100 square miles. As a result, Wyoming ranks 51st out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in Wyoming

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  • Net Interest Margin – banks in the state of Wyoming 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 Wyoming is ranked 30th out of the 52 states and main territories in the United States.
  • Return on Assets – banks in the state of Wyoming are on average higher the average bank’s Return on Assets in the United States. Overall, the Return on Assets for banks in Wyoming is ranked 23rd out of the 52 states and main territories in the United States.
  • Return on Equity – banks in the state of Wyoming 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 Wyoming is ranked 17th out of the 52 states and main territories in the United States.
  • Loan to Deposit – Banks in this state are on average above 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 Wyoming are ranked 44th 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 Wyoming are ranked 9th 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 the state of Wyoming

deposit-market-share-of-banks-in-Wyoming

As of this writing First Interstate Bank is the largest bank operating in Wyoming and this is based on its share of deposits within the state. First Interstate Bank currently has a 14% share of the deposits within the state. Below is summary information on the top 5 largest banks in Wyoming.

First Interstate Bank

First Interstate Bank currently has the largest share of deposits within the state and has $3.2 billion of deposits. In addition to this the bank also has 15 offices within the state, which represents 10% of its total domestic offices.

Main Office Address: 401 N. 31st St. Billings, MT 59101

Website: www.firstinterstatebank.com

Wells Fargo Bank

Wells Fargo Bank currently has the second largest share of deposits within the state and has $3.2 billion of deposits. The bank also has 18 offices within the state, which represents 0% of its total domestic offices.

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

Website: www.wellsfargo.com

Glacier Bank

Glacier Bank currently has the third largest share of deposits within the state and has $1.4 billion of deposits. The bank also has 18 offices within the state, which represents 10% of its total domestic offices.

Main Office Address: 49 Commons Loop Kalispell, MT 59901

Website: www.glacierbank.com

Bank of Jackson Hole

Bank of Jackson Hole currently has the fourth largest share of deposits within the state and has $1.2 billion of deposits. Further, the bank also has 10 offices within the state, which represents 83% of its total domestic offices.

Main Office Address: 990 W. Broadway Jackson, WY 83002

Website: www.bojh.com

Pinnacle Bank – Wyoming

Pinnacle Bank – Wyoming currently has the fifth largest share of deposits within the state and has $1.1 billion of deposits. In addition, the bank also has 14 offices within the state, which represents 93% of its total domestic offices.

Main Office Address: 1702 Sheridan Ave Cody, WY 82414

Website: WYPinnbank.com