Oklahoma - Third Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.9%
|
1.3%
|
1.7%
|
1.7%
|
2.7%
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|
Manufacturing (10%)
|
0.4%
|
0.4%
|
0.6%
|
0.7%
|
3.0%
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|
Other (non-manufacturing) Goods-Producing (8%)
|
6.9%
|
8.0%
|
5.2%
|
5.0%
|
10.0%
|
|
Private Service-Producing (62%)
|
0.5%
|
1.3%
|
2.1%
|
1.9%
|
2.0%
|
|
Government (20%)
|
0.0%
|
-0.7%
|
-0.5%
|
0.4%
|
2.4%
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Unemployment Rate (% of labor force)
|
4.0%
|
3.5%
|
4.3%
|
4.3%
|
4.2%
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Other Indicators
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Q3-08
|
Q2-08
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Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-35.7%
|
-28.6%
|
-8.3%
|
-15.4%
|
-10.2%
|
|
Multifamily Building Permits
|
-11.7%
|
-71.2%
|
175.0%
|
43.4%
|
-35.6%
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|
Home Price Index
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2.7%
|
5.2%
|
5.6%
|
5.2%
|
5.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.08
|
2.97
|
2.55
|
2.42
|
1.93
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BANKING TRENDS
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General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
255
|
257
|
260
|
259
|
264
|
|
Total Assets (in millions)
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78,348
|
77,735
|
69,674
|
72,848
|
67,300
|
|
New Institutions (# < 3 years)
|
1
|
1
|
3
|
1
|
3
|
|
Subchapter S Institutions
|
170
|
171
|
160
|
160
|
149
|
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|
|
|
|
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Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.29
|
2.00
|
2.23
|
2.43
|
2.15
|
|
ALLL/Total Loans (median %)
|
1.13
|
1.12
|
1.19
|
1.13
|
1.19
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|
ALLL/Noncurrent Loans (median multiple)
|
1.18
|
1.33
|
1.39
|
1.39
|
1.72
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|
Net Loan Losses / Total Loans (median %)
|
0.12
|
0.08
|
0.08
|
0.16
|
0.12
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|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.32
|
9.23
|
9.39
|
9.33
|
9.50
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Return on Assets (median %)
|
1.34
|
1.40
|
1.41
|
1.27
|
1.31
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Pretax Return on Assets (median %)
|
1.51
|
1.52
|
1.57
|
1.41
|
1.46
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Net Interest Margin (median %)
|
4.41
|
4.30
|
4.50
|
4.46
|
4.55
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Yield on Earning Assets (median %)
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6.42
|
6.55
|
7.61
|
7.47
|
7.06
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Cost of Funding Earning Assets (median %)
|
2.02
|
2.23
|
3.02
|
2.95
|
2.56
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Provisions to Avg. Assets (median %)
|
0.15
|
0.11
|
0.08
|
0.12
|
0.12
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Noninterest Income to Avg. Assets (median %)
|
0.85
|
0.82
|
0.89
|
0.89
|
0.87
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Overhead to Avg. Assets (median %)
|
3.16
|
3.16
|
3.22
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3.31
|
3.37
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
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Loans to Assets (median %)
|
64.3
|
62.7
|
62.5
|
63.3
|
63.3
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Noncore Funding to Assets (median %)
|
23.8
|
23.0
|
22.8
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22.8
|
21.9
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Long-term Assets to Assets (median %, call filers)
|
17.5
|
16.5
|
13.3
|
13.8
|
11.7
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Brokered Deposits (number of institutions)
|
83
|
75
|
68
|
70
|
70
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Brokered Deposits to Assets (median % for those above)
|
5.4
|
4.5
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5.7
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4.3
|
4.3
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Loan Concentrations (median % of Tier 1 Capital)
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Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
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Commercial and Industrial
|
101.0
|
98.1
|
99.9
|
101.2
|
99.1
|
|
Commercial Real Estate
|
155.1
|
156.3
|
144.5
|
151.7
|
143.0
|
|
Construction & Development
|
28.5
|
30.5
|
22.5
|
23.9
|
19.1
|
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Multifamily Residential Real Estate
|
0.9
|
0.7
|
0.3
|
0.2
|
0.4
|
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Nonresidential Real Estate
|
107.7
|
107.2
|
109.5
|
109.4
|
101.0
|
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Residential Real Estate
|
128.9
|
126.7
|
115.6
|
121.1
|
120.8
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Consumer
|
59.2
|
60.4
|
63.7
|
62.8
|
67.9
|
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Agriculture
|
75.2
|
79.3
|
73.6
|
82.4
|
75.6
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BANKING PROFILE
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