Minnesota at a Glance
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
Employment Growth Rates
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-1.5%
|
-0.4%
|
0.5%
|
-0.5%
|
0.5%
|
Manufacturing (12%)
|
-3.0%
|
-1.8%
|
-1.2%
|
-1.9%
|
-1.2%
|
Other (non-manufacturing) Goods-Producing (4%)
|
-12.0%
|
-6.6%
|
-5.1%
|
-8.0%
|
-5.6%
|
Private Service-Producing (68%)
|
-1.0%
|
0.0%
|
1.3%
|
0.0%
|
1.4%
|
Government (15%)
|
0.5%
|
1.1%
|
-0.1%
|
0.8%
|
-0.3%
|
Unemployment Rate (% of labor force)
|
6.1%
|
5.4%
|
4.7%
|
5.5%
|
4.6%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-40.1%
|
-35.4%
|
-41.8%
|
-39.9%
|
-36.1%
|
Multifamily Building Permits
|
-45.1%
|
-39.6%
|
-32.3%
|
-37.0%
|
-32.0%
|
Home Price Index
|
-4.3%
|
-4.2%
|
-1.1%
|
-3.0%
|
0.5%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.16
|
3.14
|
2.46
|
3.00
|
2.19
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
431
|
433
|
443
|
431
|
443
|
Total Assets (in millions)
|
78,113
|
76,704
|
105,167
|
78,113
|
105,167
|
New Institutions (# < 3 years)
|
7
|
9
|
11
|
7
|
11
|
Subchapter S Institutions
|
298
|
298
|
302
|
298
|
302
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.50
|
2.98
|
2.39
|
3.50
|
2.39
|
ALLL/Total Loans (median %)
|
1.30
|
1.27
|
1.25
|
1.30
|
1.25
|
ALLL/Noncurrent Loans (median multiple)
|
0.69
|
0.80
|
1.11
|
0.69
|
1.11
|
Net Loan Losses / Total Loans (median %)
|
0.32
|
0.14
|
0.13
|
0.29
|
0.14
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.18
|
9.46
|
9.57
|
9.18
|
9.57
|
Return on Assets (median %)
|
0.50
|
0.90
|
0.90
|
0.79
|
1.04
|
Pretax Return on Assets (median %)
|
0.56
|
1.09
|
1.07
|
0.91
|
1.21
|
Net Interest Margin (median %)
|
4.01
|
4.11
|
4.11
|
4.02
|
4.14
|
Yield on Earning Assets (median %)
|
6.19
|
6.46
|
7.25
|
6.51
|
7.26
|
Cost of Funding Earning Assets (median %)
|
2.20
|
2.34
|
3.10
|
2.46
|
3.07
|
Provisions to Avg. Assets (median %)
|
0.39
|
0.20
|
0.11
|
0.28
|
0.15
|
Noninterest Income to Avg. Assets (median %)
|
0.52
|
0.52
|
0.55
|
0.52
|
0.55
|
Overhead to Avg. Assets (median %)
|
3.15
|
3.01
|
3.14
|
3.05
|
3.04
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
71.5
|
73.0
|
71.6
|
71.5
|
71.6
|
Noncore Funding to Assets (median %)
|
19.5
|
19.2
|
16.9
|
19.5
|
16.9
|
Long-term Assets to Assets (median %, call filers)
|
12.4
|
12.7
|
9.7
|
12.4
|
9.7
|
Brokered Deposits (number of institutions)
|
196
|
195
|
201
|
196
|
201
|
Brokered Deposits to Assets (median % for those above)
|
5.8
|
5.2
|
5.0
|
5.8
|
5.0
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
111.6
|
113.4
|
116.0
|
111.6
|
116.0
|
Commercial Real Estate
|
216.4
|
213.3
|
206.4
|
216.4
|
206.4
|
Construction & Development
|
38.7
|
40.1
|
40.3
|
38.7
|
40.3
|
Multifamily Residential Real Estate
|
4.1
|
3.5
|
2.7
|
4.1
|
2.7
|
Nonresidential Real Estate
|
151.2
|
148.2
|
138.6
|
151.2
|
138.6
|
Residential Real Estate
|
160.4
|
157.7
|
147.0
|
160.4
|
147.0
|
Consumer
|
33.6
|
33.5
|
35.2
|
33.6
|
35.2
|
Agriculture
|
83.0
|
81.3
|
77.5
|
83.0
|
77.5
|
|
|
|
|
|
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BANKING PROFILE
|