As seen in figure 1, it is true that there are now many fewer small community banks—those with less than $ million in assets—than there were in 2011. 2 At the same time, the numbers of both large community banks and banks over $ billion in assets (noncommunity banks) haven’t changed much. What do we find when we dig a little deeper?
As shown in figure 2, very few small community banks failed or were liquidated in the past eight years—just over 100 banks, or 2 percent, of the total number in this size category as of 2011. About  2  Assets are in constant 2018 dollars.