Missouri - Third Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.5%
|
-0.1%
|
0.9%
|
0.8%
|
1.4%
|
|
Manufacturing (10%)
|
-4.0%
|
-3.7%
|
-2.7%
|
-2.4%
|
-0.6%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-1.8%
|
-1.0%
|
1.1%
|
0.2%
|
3.2%
|
|
Private Service-Producing (68%)
|
0.0%
|
0.2%
|
1.3%
|
1.2%
|
1.7%
|
|
Government (16%)
|
0.4%
|
1.1%
|
1.5%
|
1.3%
|
1.0%
|
|
Unemployment Rate (% of labor force)
|
6.5%
|
5.6%
|
5.2%
|
5.0%
|
4.8%
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|
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|
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Other Indicators
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-47.4%
|
-47.7%
|
-29.0%
|
-24.8%
|
-24.6%
|
|
Multifamily Building Permits
|
4.1%
|
-17.6%
|
-48.1%
|
-38.4%
|
36.4%
|
|
Home Price Index
|
-0.7%
|
0.8%
|
2.5%
|
3.0%
|
4.6%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.52
|
4.29
|
3.69
|
3.55
|
2.67
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BANKING TRENDS
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|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
353
|
357
|
364
|
361
|
368
|
|
Total Assets (in millions)
|
119,776
|
117,720
|
109,411
|
114,430
|
106,914
|
|
New Institutions (# < 3 years)
|
14
|
13
|
16
|
13
|
15
|
|
Subchapter S Institutions
|
123
|
122
|
116
|
117
|
111
|
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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 %)
|
2.40
|
2.24
|
1.87
|
2.23
|
1.67
|
|
ALLL/Total Loans (median %)
|
1.27
|
1.25
|
1.21
|
1.23
|
1.20
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.23
|
1.22
|
1.76
|
1.53
|
2.42
|
|
Net Loan Losses / Total Loans (median %)
|
0.16
|
0.10
|
0.07
|
0.13
|
0.08
|
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|
|
|
|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.36
|
9.30
|
9.42
|
9.35
|
9.45
|
|
Return on Assets (median %)
|
0.77
|
0.81
|
0.97
|
0.89
|
0.99
|
|
Pretax Return on Assets (median %)
|
0.99
|
1.10
|
1.26
|
1.16
|
1.31
|
|
Net Interest Margin (median %)
|
3.91
|
3.77
|
3.93
|
3.91
|
4.04
|
|
Yield on Earning Assets (median %)
|
6.31
|
6.40
|
7.32
|
7.20
|
6.87
|
|
Cost of Funding Earning Assets (median %)
|
2.49
|
2.66
|
3.37
|
3.30
|
2.83
|
|
Provisions to Avg. Assets (median %)
|
0.19
|
0.15
|
0.10
|
0.13
|
0.13
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Noninterest Income to Avg. Assets (median %)
|
0.61
|
0.63
|
0.64
|
0.64
|
0.62
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|
Overhead to Avg. Assets (median %)
|
2.85
|
2.79
|
2.88
|
2.87
|
2.87
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|
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
73.7
|
71.6
|
72.6
|
71.5
|
71.6
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Noncore Funding to Assets (median %)
|
22.5
|
21.7
|
20.7
|
20.6
|
20.4
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Long-term Assets to Assets (median %, call filers)
|
11.9
|
11.7
|
8.7
|
9.6
|
7.8
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|
Brokered Deposits (number of institutions)
|
128
|
125
|
121
|
119
|
124
|
|
Brokered Deposits to Assets (median % for those above)
|
3.1
|
2.3
|
3.1
|
3.6
|
3.4
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Commercial and Industrial
|
79.2
|
80.2
|
76.2
|
77.8
|
80.5
|
|
Commercial Real Estate
|
236.4
|
227.6
|
230.0
|
235.8
|
222.1
|
|
Construction & Development
|
51.0
|
50.3
|
51.9
|
54.3
|
49.8
|
|
Multifamily Residential Real Estate
|
7.1
|
6.0
|
5.3
|
5.3
|
4.6
|
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Nonresidential Real Estate
|
153.3
|
158.9
|
156.5
|
159.3
|
151.9
|
|
Residential Real Estate
|
209.0
|
209.3
|
201.5
|
208.6
|
199.9
|
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Consumer
|
35.1
|
37.0
|
37.7
|
38.5
|
39.4
|
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Agriculture
|
79.1
|
79.8
|
79.0
|
71.7
|
75.2
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BANKING PROFILE
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