Mississippi 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)
|
-2.1%
|
-1.0%
|
0.7%
|
-0.5%
|
1.0%
|
Manufacturing (14%)
|
-7.5%
|
-6.3%
|
-4.4%
|
-5.6%
|
-3.5%
|
Other (non-manufacturing) Goods-Producing (6%)
|
-2.8%
|
0.6%
|
2.8%
|
2.5%
|
1.6%
|
Private Service-Producing (58%)
|
-2.2%
|
-0.7%
|
1.4%
|
-0.3%
|
1.9%
|
Government (22%)
|
2.1%
|
1.1%
|
2.1%
|
1.7%
|
1.9%
|
Unemployment Rate (% of labor force)
|
7.5%
|
7.3%
|
6.2%
|
6.9%
|
6.3%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-47.1%
|
-40.8%
|
-38.2%
|
-38.6%
|
-22.3%
|
Multifamily Building Permits
|
-53.0%
|
33.8%
|
291.1%
|
-41.6%
|
209.1%
|
Home Price Index
|
0.0%
|
0.0%
|
4.4%
|
1.5%
|
6.2%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.55
|
4.13
|
3.88
|
4.08
|
3.75
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
95
|
97
|
97
|
95
|
97
|
Total Assets (in millions)
|
57,114
|
56,073
|
54,406
|
57,114
|
54,406
|
New Institutions (# < 3 years)
|
2
|
2
|
1
|
2
|
1
|
Subchapter S Institutions
|
26
|
27
|
27
|
26
|
27
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.21
|
2.45
|
2.24
|
3.21
|
2.24
|
ALLL/Total Loans (median %)
|
1.28
|
1.22
|
1.21
|
1.28
|
1.21
|
ALLL/Noncurrent Loans (median multiple)
|
1.37
|
1.70
|
1.92
|
1.37
|
1.92
|
Net Loan Losses / Total Loans (median %)
|
0.31
|
0.17
|
0.27
|
0.26
|
0.17
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.68
|
9.73
|
9.79
|
9.68
|
9.79
|
Return on Assets (median %)
|
0.57
|
0.87
|
0.94
|
0.81
|
1.09
|
Pretax Return on Assets (median %)
|
0.76
|
1.18
|
1.11
|
1.03
|
1.32
|
Net Interest Margin (median %)
|
4.05
|
4.07
|
4.05
|
4.00
|
4.05
|
Yield on Earning Assets (median %)
|
6.16
|
6.39
|
7.34
|
6.43
|
7.39
|
Cost of Funding Earning Assets (median %)
|
2.18
|
2.33
|
3.24
|
2.47
|
3.13
|
Provisions to Avg. Assets (median %)
|
0.31
|
0.18
|
0.15
|
0.25
|
0.15
|
Noninterest Income to Avg. Assets (median %)
|
0.88
|
0.92
|
1.00
|
0.84
|
0.97
|
Overhead to Avg. Assets (median %)
|
3.34
|
3.29
|
3.40
|
3.26
|
3.19
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
65.5
|
65.8
|
62.9
|
65.5
|
62.9
|
Noncore Funding to Assets (median %)
|
28.8
|
27.2
|
26.1
|
28.8
|
26.1
|
Long-term Assets to Assets (median %, call filers)
|
15.1
|
14.6
|
13.8
|
15.1
|
13.8
|
Brokered Deposits (number of institutions)
|
37
|
39
|
29
|
37
|
29
|
Brokered Deposits to Assets (median % for those above)
|
2.1
|
2.1
|
2.2
|
2.1
|
2.2
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
71.5
|
69.6
|
74.0
|
71.5
|
74.0
|
Commercial Real Estate
|
245.5
|
233.2
|
211.7
|
245.5
|
211.7
|
Construction & Development
|
67.0
|
59.4
|
52.5
|
67.0
|
52.5
|
Multifamily Residential Real Estate
|
5.7
|
5.2
|
3.7
|
5.7
|
3.7
|
Nonresidential Real Estate
|
147.1
|
143.0
|
136.2
|
147.1
|
136.2
|
Residential Real Estate
|
176.8
|
171.6
|
178.0
|
176.8
|
178.0
|
Consumer
|
61.6
|
59.7
|
65.1
|
61.6
|
65.1
|
Agriculture
|
38.1
|
41.3
|
35.1
|
38.1
|
35.1
|
|
|
|
|
|
|
BANKING PROFILE
|