South Dakota 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)
|
0.7%
|
0.9%
|
1.7%
|
1.2%
|
2.0%
|
Manufacturing (10%)
|
0.2%
|
2.1%
|
-0.1%
|
1.3%
|
1.2%
|
Other (non-manufacturing) Goods-Producing (6%)
|
-2.0%
|
-0.9%
|
4.1%
|
0.6%
|
1.8%
|
Private Service-Producing (65%)
|
1.0%
|
1.1%
|
2.2%
|
1.4%
|
2.6%
|
Government (18%)
|
0.9%
|
0.3%
|
0.3%
|
0.7%
|
0.2%
|
Unemployment Rate (% of labor force)
|
3.4%
|
3.1%
|
2.7%
|
3.0%
|
2.9%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-52.7%
|
-11.6%
|
-2.6%
|
-19.8%
|
-14.3%
|
Multifamily Building Permits
|
16.0%
|
69.3%
|
168.1%
|
-10.2%
|
-10.5%
|
Home Price Index
|
2.8%
|
3.9%
|
4.9%
|
3.7%
|
5.1%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.68
|
1.80
|
1.59
|
1.72
|
1.60
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
87
|
88
|
89
|
87
|
89
|
Total Assets (in millions)
|
653,174
|
619,528
|
571,576
|
653,174
|
571,576
|
New Institutions (# < 3 years)
|
1
|
2
|
2
|
1
|
2
|
Subchapter S Institutions
|
38
|
38
|
40
|
38
|
40
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.77
|
1.67
|
1.59
|
1.77
|
1.59
|
ALLL/Total Loans (median %)
|
1.26
|
1.23
|
1.30
|
1.26
|
1.30
|
ALLL/Noncurrent Loans (median multiple)
|
1.58
|
1.55
|
2.21
|
1.58
|
2.21
|
Net Loan Losses / Total Loans (median %)
|
0.10
|
0.03
|
0.07
|
0.15
|
0.10
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
10.14
|
10.28
|
10.40
|
10.14
|
10.40
|
Return on Assets (median %)
|
0.72
|
1.06
|
1.07
|
1.04
|
1.26
|
Pretax Return on Assets (median %)
|
0.96
|
1.42
|
1.37
|
1.29
|
1.55
|
Net Interest Margin (median %)
|
4.16
|
4.27
|
4.26
|
4.18
|
4.49
|
Yield on Earning Assets (median %)
|
6.45
|
6.71
|
7.56
|
6.72
|
7.62
|
Cost of Funding Earning Assets (median %)
|
2.29
|
2.42
|
3.19
|
2.53
|
3.19
|
Provisions to Avg. Assets (median %)
|
0.19
|
0.04
|
0.00
|
0.14
|
0.08
|
Noninterest Income to Avg. Assets (median %)
|
0.69
|
0.58
|
0.67
|
0.61
|
0.63
|
Overhead to Avg. Assets (median %)
|
3.05
|
2.90
|
3.32
|
3.04
|
3.12
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
69.1
|
70.0
|
70.6
|
69.1
|
70.6
|
Noncore Funding to Assets (median %)
|
20.4
|
21.2
|
17.3
|
20.4
|
17.3
|
Long-term Assets to Assets (median %, call filers)
|
14.6
|
15.0
|
13.2
|
14.6
|
13.2
|
Brokered Deposits (number of institutions)
|
30
|
33
|
30
|
30
|
30
|
Brokered Deposits to Assets (median % for those above)
|
4.0
|
2.8
|
2.9
|
4.0
|
2.9
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
93.5
|
92.4
|
90.6
|
93.5
|
90.6
|
Commercial Real Estate
|
67.6
|
66.4
|
54.2
|
67.6
|
54.2
|
Construction & Development
|
12.2
|
13.0
|
11.3
|
12.2
|
11.3
|
Multifamily Residential Real Estate
|
0.0
|
0.1
|
0.0
|
0.0
|
0.0
|
Nonresidential Real Estate
|
43.7
|
38.8
|
35.2
|
43.7
|
35.2
|
Residential Real Estate
|
43.3
|
41.3
|
37.0
|
43.3
|
37.0
|
Consumer
|
40.6
|
39.6
|
39.8
|
40.6
|
39.8
|
Agriculture
|
259.6
|
252.7
|
236.8
|
259.6
|
236.8
|
|
|
|
|
|
|
BANKING PROFILE
|