North Dakota - 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)
|
1.2%
|
1.0%
|
1.6%
|
1.6%
|
2.2%
|
|
Manufacturing (7%)
|
-1.0%
|
-0.8%
|
-0.8%
|
-0.3%
|
0.5%
|
|
Other (non-manufacturing) Goods-Producing (7%)
|
3.5%
|
2.4%
|
4.5%
|
4.2%
|
7.6%
|
|
Private Service-Producing (65%)
|
1.5%
|
1.5%
|
1.9%
|
2.0%
|
2.4%
|
|
Government (21%)
|
0.4%
|
-0.3%
|
0.4%
|
0.1%
|
0.6%
|
|
Unemployment Rate (% of labor force)
|
3.6%
|
3.2%
|
3.2%
|
3.2%
|
3.2%
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| |
|
|
|
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Other Indicators
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Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-14.2%
|
-15.4%
|
-3.1%
|
8.1%
|
-8.5%
|
|
Multifamily Building Permits
|
118.5%
|
-40.4%
|
-33.9%
|
-22.3%
|
-24.7%
|
|
Home Price Index
|
4.0%
|
3.7%
|
5.2%
|
6.6%
|
7.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.83
|
2.32
|
1.78
|
1.79
|
1.11
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|
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BANKING TRENDS
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|
General Information
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Institutions (#)
|
96
|
96
|
96
|
97
|
96
|
|
Total Assets (in millions)
|
21,717
|
21,753
|
19,728
|
20,381
|
18,415
|
|
New Institutions (# < 3 years)
|
2
|
2
|
2
|
3
|
1
|
|
Subchapter S Institutions
|
61
|
61
|
60
|
61
|
58
|
| |
|
|
|
|
|
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Asset Quality
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.42
|
1.74
|
1.32
|
1.54
|
1.52
|
|
ALLL/Total Loans (median %)
|
1.18
|
1.24
|
1.22
|
1.26
|
1.31
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.85
|
1.67
|
2.14
|
2.87
|
3.32
|
|
Net Loan Losses / Total Loans (median %)
|
0.06
|
0.00
|
0.01
|
0.07
|
0.08
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| |
|
|
|
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Capital / Earnings
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.00
|
9.13
|
9.20
|
9.23
|
9.35
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Return on Assets (median %)
|
1.23
|
1.03
|
1.31
|
1.02
|
1.14
|
|
Pretax Return on Assets (median %)
|
1.45
|
1.31
|
1.60
|
1.30
|
1.47
|
|
Net Interest Margin (median %)
|
4.15
|
3.90
|
4.15
|
4.07
|
4.24
|
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Yield on Earning Assets (median %)
|
6.40
|
6.25
|
7.50
|
7.21
|
6.90
|
|
Cost of Funding Earning Assets (median %)
|
2.24
|
2.37
|
3.35
|
3.18
|
2.76
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Provisions to Avg. Assets (median %)
|
0.11
|
0.10
|
0.07
|
0.10
|
0.09
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Noninterest Income to Avg. Assets (median %)
|
0.41
|
0.42
|
0.45
|
0.45
|
0.47
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Overhead to Avg. Assets (median %)
|
2.59
|
2.67
|
2.69
|
2.77
|
2.79
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|
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Liquidity / Sensitivity
|
Q3-08
|
Q2-08
|
Q3-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
70.7
|
69.8
|
71.5
|
66.9
|
68.4
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Noncore Funding to Assets (median %)
|
18.4
|
17.5
|
18.3
|
15.3
|
17.1
|
|
Long-term Assets to Assets (median %, call filers)
|
14.3
|
13.8
|
12.2
|
11.8
|
11.1
|
|
Brokered Deposits (number of institutions)
|
36
|
35
|
39
|
37
|
34
|
|
Brokered Deposits to Assets (median % for those above)
|
5.1
|
4.6
|
6.7
|
5.6
|
5.9
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|
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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
|
121.8
|
123.5
|
119.2
|
112.7
|
104.8
|
|
Commercial Real Estate
|
90.3
|
91.9
|
88.7
|
92.1
|
78.2
|
|
Construction & Development
|
15.4
|
15.8
|
13.4
|
13.9
|
10.3
|
|
Multifamily Residential Real Estate
|
1.8
|
1.7
|
1.7
|
1.7
|
1.3
|
|
Nonresidential Real Estate
|
69.5
|
63.6
|
57.7
|
61.0
|
50.0
|
|
Residential Real Estate
|
51.5
|
48.2
|
47.1
|
47.7
|
47.6
|
|
Consumer
|
45.6
|
45.2
|
47.4
|
46.2
|
49.5
|
|
Agriculture
|
326.8
|
328.9
|
342.6
|
304.1
|
318.5
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BANKING PROFILE
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