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Branch manager/loan officer salary
Average branch manager/loan officer salary
$49,780
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Average branch manager/loan officer salary by state
Highest paying states for branch managers/loan officer
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | North Carolina | $62,072 | $29.84 |
| 2 | New Mexico | $62,789 | $30.19 |
| 3 | Maine | $62,950 | $30.26 |
| 4 | Minnesota | $57,651 | $27.72 |
| 5 | Iowa | $56,706 | $27.26 |
| 6 | Arkansas | $62,699 | $30.14 |
| 7 | Rhode Island | $57,493 | $27.64 |
| 8 | Massachusetts | $58,282 | $28.02 |
| 9 | Vermont | $56,979 | $27.39 |
| 10 | Colorado | $57,293 | $27.54 |
| 11 | Maryland | $58,382 | $28.07 |
| 12 | New Jersey | $58,324 | $28.04 |
| 13 | South Carolina | $55,267 | $26.57 |
| 14 | Washington | $58,938 | $28.34 |
| 15 | South Dakota | $55,514 | $26.69 |
| 16 | Florida | $59,241 | $28.48 |
| 17 | Wyoming | $55,244 | $26.56 |
| 18 | North Dakota | $50,643 | $24.35 |
| 19 | New York | $54,952 | $26.42 |
| 20 | Delaware | $55,980 | $26.91 |
| 21 | Montana | $54,132 | $26.02 |
| 22 | Nebraska | $50,598 | $24.33 |
| 23 | New Hampshire | $52,938 | $25.45 |
| 24 | Texas | $52,165 | $25.08 |
| 25 | Michigan | $48,940 | $23.53 |
| 26 | Hawaii | $59,209 | $28.47 |
| 27 | Kentucky | $49,248 | $23.68 |
| 28 | Oklahoma | $50,449 | $24.25 |
| 29 | Connecticut | $52,434 | $25.21 |
| 30 | West Virginia | $49,203 | $23.66 |
| 31 | Georgia | $48,152 | $23.15 |
| 32 | Missouri | $48,159 | $23.15 |
| 33 | Ohio | $48,238 | $23.19 |
| 34 | Wisconsin | $49,391 | $23.75 |
| 35 | Idaho | $44,518 | $21.40 |
| 36 | Kansas | $48,959 | $23.54 |
| 37 | Louisiana | $47,394 | $22.79 |
| 38 | Arizona | $44,221 | $21.26 |
| 39 | Oregon | $51,151 | $24.59 |
| 40 | Virginia | $46,727 | $22.46 |
| 41 | District of Columbia | $54,097 | $26.01 |
| 42 | Alabama | $42,018 | $20.20 |
| 43 | Mississippi | $40,541 | $19.49 |
| 44 | Nevada | $39,892 | $19.18 |
| 45 | Tennessee | $45,205 | $21.73 |
| 46 | Pennsylvania | $44,879 | $21.58 |
| 47 | Indiana | $41,201 | $19.81 |
| 48 | Illinois | $39,379 | $18.93 |
| 49 | Alaska | $45,289 | $21.77 |
| 50 | Utah | $41,180 | $19.80 |
| 51 | California | $40,145 | $19.30 |
Branch manager/loan officer salary details
A branch manager/loan officer's salary ranges from $34,000 a year at the 10th percentile to $71,000 at the 90th percentile.
What is a branch manager/loan officer's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $71,000 | $5,917 | $34 |
| 75th Percentile | $60,000 | $5,000 | $29 |
| Average | $49,780 | $4,148 | $24 |
| 25th Percentile | $41,000 | $3,417 | $20 |
| 10th Percentile | $34,000 | $2,833 | $16 |
Highest paying branch manager/loan officer jobs
The highest paying types of branch managers/loan officer are mortgage broker, bank officer, and commercial loan officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Mortgage Underwriter | $55,721 | $4,643 | $26.79 | 9,260 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
| Loan Originator | $41,291 | $3,441 | $19.85 | 10,716 |
| Mortgage Banker | $27,331 | $2,278 | $13.14 | 24,297 |
| Loan Officer/Loan Processor | $46,753 | $3,896 | $22.48 | 71,801 |
Top companies hiring branch managers/loan officer now:
Wage gap by gender, race and education
Branch manager/loan officer salary trends
The average branch manager/loan officer salary has risen by $4,615 over the last ten years. In 2014, the average branch manager/loan officer earned $45,165 annually, but today, they earn $49,780 a year. That works out to a 0% change in pay for branch managers/loan officer over the last decade.
Compare branch manager/loan officer salaries for cities or states with the national average over time.
Average branch manager/loan officer salary over time
Compare branch manager/loan officer salaries for individual cities or states with the national average.
Branch manager/loan officer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $49,800 | $23.93 | +1.1% |
| 2024 | $49,200 | $23.67 | +0.4% |
| 2023 | $49,100 | $23.59 | -2.6% |
| 2022 | $50,300 | $24.19 | +1.6% |
| 2021 | $49,500 | $23.82 | +0.3% |
Recently added branch manager/loan officer salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| CNB Bank | Branch Manager I/Loan Officer | Hagerstown, MD | 02/09/2025 | $50,400 |
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