Arkansas 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)
|
-0.6%
|
0.1%
|
0.5%
|
0.0%
|
0.5%
|
Manufacturing (15%)
|
-4.2%
|
-3.0%
|
-4.2%
|
-3.5%
|
-4.8%
|
Other (non-manufacturing) Goods-Producing (6%)
|
2.7%
|
2.9%
|
1.6%
|
1.8%
|
2.0%
|
Private Service-Producing (61%)
|
-0.7%
|
0.2%
|
1.4%
|
0.2%
|
1.5%
|
Government (18%)
|
1.9%
|
1.9%
|
1.7%
|
1.7%
|
1.5%
|
Unemployment Rate (% of labor force)
|
5.5%
|
5.1%
|
5.0%
|
5.1%
|
5.1%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-39.2%
|
-30.9%
|
-32.1%
|
-32.6%
|
-27.1%
|
Multifamily Building Permits
|
4.5%
|
-14.8%
|
65.6%
|
12.7%
|
3.7%
|
Home Price Index
|
-0.3%
|
0.7%
|
3.6%
|
0.8%
|
4.2%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.04
|
4.75
|
4.09
|
4.72
|
4.04
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
143
|
146
|
150
|
143
|
150
|
Total Assets (in millions)
|
52,944
|
51,766
|
51,657
|
52,944
|
51,657
|
New Institutions (# < 3 years)
|
0
|
0
|
2
|
0
|
2
|
Subchapter S Institutions
|
36
|
36
|
35
|
36
|
35
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.82
|
2.55
|
2.58
|
2.82
|
2.58
|
ALLL/Total Loans (median %)
|
1.34
|
1.26
|
1.32
|
1.34
|
1.32
|
ALLL/Noncurrent Loans (median multiple)
|
1.11
|
1.23
|
1.44
|
1.11
|
1.44
|
Net Loan Losses / Total Loans (median %)
|
0.36
|
0.21
|
0.17
|
0.32
|
0.17
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.65
|
9.65
|
9.62
|
9.65
|
9.62
|
Return on Assets (median %)
|
0.83
|
1.05
|
0.87
|
0.94
|
0.94
|
Pretax Return on Assets (median %)
|
1.09
|
1.33
|
1.17
|
1.26
|
1.25
|
Net Interest Margin (median %)
|
3.98
|
4.12
|
3.90
|
3.99
|
3.95
|
Yield on Earning Assets (median %)
|
6.21
|
6.54
|
7.28
|
6.56
|
7.35
|
Cost of Funding Earning Assets (median %)
|
2.28
|
2.43
|
3.33
|
2.57
|
3.31
|
Provisions to Avg. Assets (median %)
|
0.33
|
0.23
|
0.16
|
0.24
|
0.15
|
Noninterest Income to Avg. Assets (median %)
|
0.76
|
0.71
|
0.77
|
0.74
|
0.78
|
Overhead to Avg. Assets (median %)
|
2.96
|
2.85
|
2.96
|
2.81
|
2.79
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
67.0
|
67.6
|
65.9
|
67.0
|
65.9
|
Noncore Funding to Assets (median %)
|
28.8
|
30.4
|
28.4
|
28.8
|
28.4
|
Long-term Assets to Assets (median %, call filers)
|
16.8
|
16.8
|
14.3
|
16.8
|
14.3
|
Brokered Deposits (number of institutions)
|
74
|
73
|
72
|
74
|
72
|
Brokered Deposits to Assets (median % for those above)
|
4.3
|
4.3
|
5.7
|
4.3
|
5.7
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
74.7
|
77.5
|
84.1
|
74.7
|
84.1
|
Commercial Real Estate
|
230.6
|
241.0
|
241.0
|
230.6
|
241.0
|
Construction & Development
|
69.1
|
74.0
|
74.7
|
69.1
|
74.7
|
Multifamily Residential Real Estate
|
7.5
|
7.7
|
5.8
|
7.5
|
5.8
|
Nonresidential Real Estate
|
144.7
|
140.5
|
143.8
|
144.7
|
143.8
|
Residential Real Estate
|
154.1
|
144.5
|
142.9
|
154.1
|
142.9
|
Consumer
|
43.0
|
42.7
|
45.8
|
43.0
|
45.8
|
Agriculture
|
48.3
|
52.8
|
42.8
|
48.3
|
42.8
|
|
|
|
|
|
|
BANKING PROFILE
|