State,Rank by loans,Loans approved (FY2020 to as-of date),Dollars approved,Median loan,Loans FY2024,Loans FY2025,Change FY2024 to FY2025 (%),Loans approved FY2020-FY2022,"Of those, charged off",Charge-off rate FY2020-FY2022 loans (%),Most active lender (by loans),Loans by that lender,Largest industry sector (by loans),Loans in that sector,Approvals Dec 1-Jun 30 FY2025,Approvals Dec 1-Jun 30 FY2026,"Change, same months (%)"
California,1,38860,24832039500,261000,7327,7778,6.2,13921,482,3.5,U.S. Bank,5121,Retail trade,5532,6049,4382,-27.6
Texas,2,25790,19196021100,340000,4654,5130,10.2,9350,410,4.4,The Huntington National Bank,2269,Accommodation and food services,3675,3876,2974,-23.3
Florida,3,24661,14150097600,250000,5125,4905,-4.3,7759,475,6.1,TD Bank,3259,Construction,3278,3696,2858,-22.7
New York,4,20629,7570568700,125400,4223,4261,0.9,6221,450,7.2,TD Bank,3907,Retail trade,3128,3258,2285,-29.9
Ohio,5,19350,6376492600,100000,3566,2844,-20.2,8216,261,3.2,The Huntington National Bank,11671,Construction,3203,2140,1286,-39.9
Michigan,6,13142,5178494300,130000,2503,2114,-15.5,5214,112,2.1,The Huntington National Bank,6791,Construction,1893,1566,967,-38.3
Illinois,7,11627,6298955900,200000,2233,2311,3.5,4196,129,3.1,The Huntington National Bank,2883,Accommodation and food services,1581,1757,1134,-35.5
Pennsylvania,8,11506,5268764900,150000,2193,2241,2.2,4031,129,3.2,The Huntington National Bank,1654,Construction,1637,1651,1198,-27.4
New Jersey,9,11248,5425345500,150000,2166,2261,4.4,3559,198,5.6,TD Bank,2873,Construction,1449,1762,1232,-30.1
Georgia,10,9935,7669831900,350000,1766,1868,5.8,3825,113,3,The Huntington National Bank,724,Accommodation and food services,1698,1452,989,-31.9
Minnesota,11,9527,4170650800,172000,1475,1399,-5.2,4507,106,2.4,U.S. Bank,1073,Construction,1237,994,686,-31
Washington,12,9482,5621089600,205000,1688,1896,12.3,3441,83,2.4,Columbia Bank,1238,Accommodation and food services,1401,1341,1199,-10.6
Colorado,13,8974,5622390900,285000,1638,1879,14.7,3232,122,3.8,The Huntington National Bank,1064,Construction,1386,1433,927,-35.3
Massachusetts,14,8595,2595382800,100000,1719,1715,-0.2,2937,73,2.5,Eastern Bank,1905,Construction,1475,1277,962,-24.7
North Carolina,15,7751,5590211800,349000,1416,1560,10.2,2684,57,2.1,Live Oak Banking Company,625,Accommodation and food services,1220,1154,899,-22.1
Indiana,16,6798,3236746700,150000,1223,1041,-14.9,2850,56,2,The Huntington National Bank,1653,Accommodation and food services,954,770,593,-23
Arizona,17,6764,4340599900,319000,1187,1365,15,2435,78,3.2,Wells Fargo Bank,496,Health care and social assistance,909,1001,741,-26
Wisconsin,18,6325,3357304818,229100,1011,951,-5.9,2911,63,2.2,U.S. Bank,520,Accommodation and food services,870,733,550,-25
Utah,19,5888,3087873500,200000,1028,1162,13,2181,64,2.9,"Zions Bank, A Division of",865,Construction,836,832,649,-22
Missouri,20,5823,3133062300,225000,956,1016,6.3,2458,72,2.9,U.S. Bank,572,Construction,777,720,550,-23.6
Virginia,21,5685,3138879900,220000,1058,1193,12.8,1893,69,3.6,Manufacturers and Traders Trust Company,648,"Professional, scientific and technical services",817,935,697,-25.5
Maryland,22,5667,2331358700,125200,1080,1198,10.9,1788,115,6.4,Manufacturers and Traders Trust Company,2347,"Professional, scientific and technical services",766,938,749,-20.1
Oregon,23,5297,2573434700,131200,936,1077,15.1,1928,58,3,Columbia Bank,1159,Construction,894,746,634,-15
Connecticut,24,4299,1636471000,138000,786,804,2.3,1474,62,4.2,Manufacturers and Traders Trust Company,877,Construction,683,624,577,-7.5
Tennessee,25,4005,2537589700,262500,714,830,16.2,1360,49,3.6,U.S. Bank,504,Accommodation and food services,595,654,531,-18.8
South Carolina,26,3835,2508125100,292000,717,768,7.1,1355,48,3.5,TD Bank,585,Accommodation and food services,622,567,412,-27.3
Nevada,27,3353,1824398900,225000,649,719,10.8,1096,71,6.5,U.S. Bank,572,Accommodation and food services,437,540,394,-27
Idaho,28,3262,1359972900,145000,591,736,24.5,1087,14,1.3,"Zions Bank, A Division of",461,Construction,638,519,411,-20.8
Oklahoma,29,3025,1752470600,250000,428,423,-1.2,1481,39,2.6,BancFirst,668,Accommodation and food services,390,309,287,-7.1
Puerto Rico,30,2924,504404400,75950,581,511,-12,1005,14,1.4,Banco Popular de Puerto Rico,1812,Health care and social assistance,707,312,370,18.6
New Hampshire,31,2762,804011800,100000,532,519,-2.4,1018,16,1.6,TD Bank,590,Construction,517,405,310,-23.5
Kentucky,32,2738,1298092900,150000,470,486,3.4,1084,27,2.5,The Huntington National Bank,376,Construction,420,382,298,-22
Kansas,33,2608,1338784600,240000,410,414,1,1168,21,1.8,Emprise Bank,156,Accommodation and food services,335,307,236,-23.1
Louisiana,34,2487,1610393900,250000,510,475,-6.9,879,41,4.7,American Bank,196,Accommodation and food services,402,396,249,-37.1
Alabama,35,2339,1561729400,284700,430,479,11.4,812,36,4.4,The Huntington National Bank,178,Accommodation and food services,398,415,258,-37.8
Iowa,36,2231,944414200,169000,391,382,-2.3,989,24,2.4,U.S. Bank,256,Accommodation and food services,339,295,205,-30.5
Mississippi,37,1962,1158171900,218150,313,274,-12.5,870,29,3.3,Peoples Bank,352,"Agriculture, forestry, fishing",373,210,196,-6.7
Nebraska,38,1898,874371600,180000,342,288,-15.8,820,13,1.6,Union Bank and Trust Company,273,Construction,277,207,184,-11.1
Maine,39,1825,496841300,100000,335,339,1.2,663,8,1.2,TD Bank,320,Accommodation and food services,294,241,171,-29
Arkansas,40,1820,1101295000,226800,258,333,29.1,769,17,2.2,Arvest Bank,276,Accommodation and food services,250,256,198,-22.7
New Mexico,41,1445,855186500,245000,236,271,14.8,598,10,1.7,Western Commerce Bank,207,Accommodation and food services,228,180,144,-20
Rhode Island,42,1235,436884100,125000,215,286,33,433,11,2.5,BankNewport,146,Retail trade,175,215,126,-41.4
Montana,43,1226,633724000,200000,196,217,10.7,560,11,2,Glacier Bank,145,Construction,185,163,106,-35
Delaware,44,1114,436378300,103150,212,223,5.2,361,25,6.9,Manufacturers and Traders Trust Company,395,Retail trade,152,173,143,-17.3
West Virginia,45,1081,414329700,120000,191,174,-8.9,476,7,1.5,The Huntington National Bank,445,Accommodation and food services,150,127,100,-21.3
Vermont,46,985,246878000,72200,146,177,21.2,412,5,1.2,Community National Bank,172,Construction,147,135,108,-20
South Dakota,47,876,363672200,150000,140,144,2.9,398,14,3.5,The First National Bank in Sioux Falls,115,Accommodation and food services,140,101,79,-21.8
Hawaii,48,858,203137900,50000,196,186,-5.1,269,15,5.6,Central Pacific Bank,495,Accommodation and food services,170,147,74,-49.7
North Dakota,49,766,346170900,173750,114,109,-4.4,397,4,1,Bravera Bank,67,Construction,112,91,61,-33
District of Columbia,50,689,302236900,150000,128,147,14.8,222,25,11.3,Manufacturers and Traders Trust Company,179,"Professional, scientific and technical services",134,108,98,-9.3
Alaska,51,577,401638500,306000,101,85,-15.8,240,1,0.4,Northrim Bank,89,Accommodation and food services,82,76,55,-27.6
Wyoming,52,557,318175700,167300,87,107,23,251,11,4.4,Bank of Bridger,65,Accommodation and food services,84,99,64,-35.4
U.S. Virgin Islands,53,84,58844900,228500,18,18,0,25,1,,Banco Popular de Puerto Rico,21,Accommodation and food services,16,10,7,
Guam,54,44,10856600,100000,10,7,-30,23,0,,Coast360 FCU,25,Retail trade,9,6,4,