Industry Description
This industry comprises establishments primarily engaged in accepting time deposits, making mortgage and real estate loans, and investing in high-grade securities. Savings and loan associations and savings banks are included in this industry.
Cross-References.
Business Examples
Common types of business activities within NAICS 522120 - Savings Institutions are:
- Banks, savings
- State savings banks
- Federal savings and loan associations (S&L)
- Savings banks
- Federal savings banks
- Savings institutions
- State savings and loan associations
- Mutual savings banks
- Associations, savings and loan
- Institutions, savings
- Savings and loan associations (S&L)
IBISWorld Industry Research Report
Savings Banks & Thrifts in the US (52212)
Revenue 2022
$55bn
Growth 2022
0.45%
Key Trends
The industry has received tailwinds from regulations and the real estate market
Large commercial banks and mutual funds have offered more convenient and liquid depository alternatives
Estate markets are anticipated to cool off amid rising interest rates
Products and Services
Similar Industries
For some business types, there may be a similar industry to 522120 - Savings Institutions that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in accepting demand and other deposits and making all types of loans are classified in Industry 522110, Commercial Banking.
IBISWorld industry research report
NAICS Hierarchy 522120 - Savings Institutions
NAICS Code 522120 - Savings Institutions sits in the 2-digit Savings Institutions sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 52
Sector Title: Finance and Insurance
3 Digits 4 Digits 5 Digits 6 Digits
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5211 Monetary Authorities-Central Bank
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52111 Monetary Authorities-Central Bank
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5221 Depository Credit Intermediation
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52211 Commercial Banking
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52212 Savings Institutions
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52213 Credit Unions
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52219 Other Depository Credit Intermediation
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5222 Nondepository Credit Intermediation
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52221 Credit Card Issuing
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52222 Sales Financing
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52229 Other Nondepository Credit Intermediation
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5223 Activities Related to Credit Intermediation
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52231 Mortgage and Nonmortgage Loan Brokers
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52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities
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52239 Other Activities Related to Credit Intermediation
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5231 Securities and Commodity Contracts Intermediation and Brokerage
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52311 Investment Banking and Securities Dealing
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52312 Securities Brokerage
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52313 Commodity Contracts Dealing
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52314 Commodity Contracts Brokerage
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5232 Securities and Commodity Exchanges
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52321 Securities and Commodity Exchanges
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5239 Other Financial Investment Activities
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52391 Miscellaneous Intermediation
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52392 Portfolio Management
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52393 Investment Advice
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52399 All Other Financial Investment Activities
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5241 Insurance Carriers
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52411 Direct Life, Health, and Medical Insurance Carriers
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52412 Direct Insurance (except Life, Health, and Medical) Carriers
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52413 Reinsurance Carriers
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5242 Agencies, Brokerages, and Other Insurance Related Activities
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52421 Insurance Agencies and Brokerages
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52429 Other Insurance Related Activities
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5251 Insurance and Employee Benefit Funds
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52511 Pension Funds
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52512 Health and Welfare Funds
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52519 Other Insurance Funds
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5259 Other Investment Pools and Funds
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52591 Open-End Investment Funds
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52592 Trusts, Estates, and Agency Accounts
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52599 Other Financial Vehicles
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 522120 - Savings Institutions.
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