- In 2023, bank deposits in Cochise County (as of June 30) were down 3.9%, the second annual decline following double-digit increases in 2020 and 2021. All areas of the county saw bank deposits decline in 2023 except Fort Huachuca, which saw deposits increase 6.2%, and Willcox, where deposits were up 2.2%.
- The largest decrease in bank deposits in 2023 was Benson, where deposits fell 11.3%; however, that followed an increase of 15.2% in 2022, the largest increase countywide. The second biggest drop in bank deposits in 2023 was Bisbee, which saw deposits decline 10.6%; Bisbee saw the second-largest increase in deposits the year prior, however, at 9.5%.
- Sierra Vista, the largest banking market area in Cochise County, saw deposits fall 3.4% in 2023, following a decline of 9.5% in 2022. The city of Douglas saw bank deposits fall 1.1% in 2023, after dropping 3.8% in 2022.
- The declines in countywide bank deposits in 2022 and 2023 (-5.0% and -3.9%, respectively) followed increases of 12.0% in 2020 and 18.1% in 2021 (the latter was the biggest annual increase since 2008 and the second largest on record with records back to 1994). The 2020 and 2021 increases were the largest on record for any two-year period. Deposits in those years were helped along by economic stimulus payments and other COVID programs, the effects of which diminished in 2022 and 2023.
See spreadsheets, below, for Cochise County, city, and town bank deposits (as of July 1, each year).