Iowa at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.6%
|
0.2%
|
1.0%
|
0.3%
|
1.0%
|
|
Manufacturing (15%)
|
-2.6%
|
-1.4%
|
0.0%
|
-0.8%
|
-0.6%
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|
Other (non-manufacturing) Goods-Producing (5%)
|
-1.0%
|
2.3%
|
-0.2%
|
0.4%
|
-2.3%
|
|
Private Service-Producing (64%)
|
-0.5%
|
0.2%
|
1.3%
|
0.3%
|
1.6%
|
|
Government (17%)
|
1.3%
|
1.2%
|
1.2%
|
1.2%
|
1.1%
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|
Unemployment Rate (% of labor force)
|
4.3%
|
4.2%
|
3.8%
|
4.1%
|
3.7%
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|
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Other Indicators
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Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Single-Family Home Permits
|
-38.7%
|
-33.7%
|
-21.1%
|
-33.6%
|
-16.4%
|
|
Multifamily Building Permits
|
100.2%
|
-36.8%
|
-54.2%
|
-9.4%
|
-16.3%
|
|
Home Price Index
|
0.3%
|
0.7%
|
3.0%
|
1.4%
|
3.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.64
|
2.66
|
2.30
|
2.59
|
2.27
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BANKING TRENDS
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|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Institutions (#)
|
379
|
380
|
391
|
379
|
391
|
|
Total Assets (in millions)
|
63,536
|
61,747
|
59,607
|
63,536
|
59,607
|
|
New Institutions (# < 3 years)
|
2
|
2
|
5
|
2
|
5
|
|
Subchapter S Institutions
|
222
|
222
|
222
|
222
|
222
|
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|
|
|
|
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Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.08
|
1.83
|
1.54
|
2.08
|
1.54
|
|
ALLL/Total Loans (median %)
|
1.17
|
1.14
|
1.12
|
1.17
|
1.12
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.08
|
1.10
|
1.72
|
1.08
|
1.72
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|
Net Loan Losses / Total Loans (median %)
|
0.17
|
0.04
|
0.05
|
0.15
|
0.08
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|
|
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Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.09
|
9.20
|
9.17
|
9.09
|
9.17
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Return on Assets (median %)
|
0.85
|
1.14
|
0.95
|
0.97
|
1.00
|
|
Pretax Return on Assets (median %)
|
0.99
|
1.38
|
1.20
|
1.21
|
1.23
|
|
Net Interest Margin (median %)
|
3.74
|
3.75
|
3.60
|
3.66
|
3.58
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Yield on Earning Assets (median %)
|
5.99
|
6.17
|
6.79
|
6.17
|
6.73
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Cost of Funding Earning Assets (median %)
|
2.24
|
2.41
|
3.21
|
2.53
|
3.17
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Provisions to Avg. Assets (median %)
|
0.27
|
0.08
|
0.05
|
0.16
|
0.07
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Noninterest Income to Avg. Assets (median %)
|
0.53
|
0.53
|
0.57
|
0.54
|
0.55
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Overhead to Avg. Assets (median %)
|
2.71
|
2.49
|
2.65
|
2.54
|
2.51
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Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
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|
Loans to Assets (median %)
|
67.9
|
69.0
|
68.4
|
67.9
|
68.4
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Noncore Funding to Assets (median %)
|
19.4
|
19.4
|
18.6
|
19.4
|
18.6
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Long-term Assets to Assets (median %, call filers)
|
17.3
|
17.5
|
15.6
|
17.3
|
15.6
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Brokered Deposits (number of institutions)
|
147
|
141
|
153
|
147
|
153
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|
Brokered Deposits to Assets (median % for those above)
|
2.0
|
2.2
|
2.3
|
2.0
|
2.3
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Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
|
Commercial and Industrial
|
98.1
|
97.7
|
95.5
|
98.1
|
95.5
|
|
Commercial Real Estate
|
113.0
|
107.1
|
108.6
|
113.0
|
108.6
|
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Construction & Development
|
19.6
|
19.8
|
20.2
|
19.6
|
20.2
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Multifamily Residential Real Estate
|
3.4
|
3.0
|
3.0
|
3.4
|
3.0
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Nonresidential Real Estate
|
78.7
|
74.5
|
76.3
|
78.7
|
76.3
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Residential Real Estate
|
140.5
|
137.1
|
140.6
|
140.5
|
140.6
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Consumer
|
29.7
|
30.1
|
33.0
|
29.7
|
33.0
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Agriculture
|
233.3
|
223.9
|
225.6
|
233.3
|
225.6
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BANKING PROFILE
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