U.S. community banks and thrifts held $1.873 trillion in loan balances as of June 30. The median sequential growth rate was 1.6%, compared to 0.5% in the previous quarter.
Loans at community banks in the West represent the second-smallest share among all regions. The median percentage growth for this group outpaced all regions during the second quarter.
Among all regions, the Western community banks group saw the highest median percentage growth in all major loan categories, except consumer loans. Consumer loans for the banks in this region grew 0.4% during the quarter on a median basis, compared to 1.3% for all community banks.
Community banks in the Midwest reported the highest median growth in consumer loans. As of June 30, Midwestern banks represented 37.2% of total consumer loans and 34.3% of all loans at community banks, highest among all regions.
Larger community banks, those with total assets between $3 billion and $10 billion, performed better than the rest of the group in all six loan categories during the quarter.
