Minnesota at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.0%
|
-1.5%
|
0.3%
|
-0.5%
|
0.5%
|
|
Manufacturing (12%)
|
-7.5%
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-3.0%
|
-1.2%
|
-1.9%
|
-1.2%
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|
Other (non-manufacturing) Goods-Producing (4%)
|
-18.1%
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-12.0%
|
-6.4%
|
-8.0%
|
-5.6%
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Private Service-Producing (69%)
|
-2.1%
|
-1.0%
|
0.8%
|
0.0%
|
1.4%
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|
Government (15%)
|
0.4%
|
0.5%
|
0.9%
|
0.8%
|
-0.3%
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Unemployment Rate (% of labor force)
|
7.9%
|
6.1%
|
5.0%
|
5.5%
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4.6%
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|
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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|
Single-Family Home Permits
|
-44.3%
|
-40.1%
|
-48.9%
|
-39.9%
|
-36.1%
|
|
Multifamily Building Permits
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145.4%
|
-45.1%
|
-49.9%
|
-37.0%
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-32.0%
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|
Home Price Index
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-3.1%
|
-3.2%
|
-1.3%
|
-2.7%
|
0.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.56
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3.17
|
2.64
|
3.02
|
2.20
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
430
|
431
|
438
|
431
|
443
|
|
Total Assets (in millions)
|
79,276
|
78,092
|
103,540
|
78,092
|
105,167
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New Institutions (# < 3 years)
|
6
|
7
|
11
|
7
|
11
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Subchapter S Institutions
|
298
|
298
|
302
|
298
|
302
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|
|
|
|
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Asset Quality
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Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.86
|
3.50
|
2.93
|
3.50
|
2.39
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ALLL/Total Loans (median %)
|
1.36
|
1.32
|
1.26
|
1.32
|
1.25
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ALLL/Noncurrent Loans (median multiple)
|
0.61
|
0.70
|
0.85
|
0.70
|
1.11
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Net Loan Losses / Total Loans (median %)
|
0.10
|
0.32
|
0.02
|
0.29
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0.14
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Capital / Earnings
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Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
9.06
|
9.17
|
9.39
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9.17
|
9.57
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Return on Assets (median %)
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0.75
|
0.50
|
1.03
|
0.79
|
1.04
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Pretax Return on Assets (median %)
|
0.84
|
0.55
|
1.17
|
0.90
|
1.21
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Net Interest Margin (median %)
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3.90
|
4.02
|
4.01
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4.02
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4.14
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Yield on Earning Assets (median %)
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5.88
|
6.19
|
6.87
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6.51
|
7.26
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Cost of Funding Earning Assets (median %)
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1.93
|
2.20
|
2.81
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2.46
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3.07
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Provisions to Avg. Assets (median %)
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0.23
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0.40
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0.10
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0.29
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0.15
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Noninterest Income to Avg. Assets (median %)
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0.47
|
0.52
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0.52
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0.52
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0.55
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Overhead to Avg. Assets (median %)
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2.97
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3.15
|
3.05
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3.06
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3.04
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Liquidity / Sensitivity
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Q1-09
|
Q4-08
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Q1-08
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2008
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2007
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Loans to Assets (median %)
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71.5
|
71.5
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71.7
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71.5
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71.6
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Noncore Funding to Assets (median %)
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19.5
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19.5
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17.5
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19.5
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16.9
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Long-term Assets to Assets (median %, call filers)
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12.5
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12.4
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11.8
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12.4
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9.7
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Brokered Deposits (number of institutions)
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205
|
197
|
195
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197
|
201
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Brokered Deposits to Assets (median % for those above)
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5.8
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5.7
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4.7
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5.7
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5.0
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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Commercial and Industrial
|
111.7
|
112.0
|
120.1
|
112.0
|
116.0
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Commercial Real Estate
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214.6
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216.4
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205.2
|
216.4
|
206.4
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Construction & Development
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35.4
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38.7
|
40.0
|
38.7
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40.3
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Multifamily Residential Real Estate
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4.7
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4.1
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2.9
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4.1
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2.7
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Nonresidential Real Estate
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155.1
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150.9
|
142.6
|
150.9
|
138.6
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Residential Real Estate
|
160.4
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162.1
|
146.7
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162.1
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147.0
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Consumer
|
33.3
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33.7
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34.4
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33.7
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35.2
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Agriculture
|
79.2
|
83.0
|
75.3
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83.0
|
77.5
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BANKING PROFILE
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