Indiana - First Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.5%
|
0.5%
|
0.2%
|
0.5%
|
0.6%
|
|
Manufacturing (18%)
|
-1.8%
|
-2.0%
|
-3.0%
|
-2.7%
|
-1.0%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-1.4%
|
-0.7%
|
0.1%
|
0.3%
|
1.5%
|
|
Private Service-Producing (62%)
|
1.2%
|
1.3%
|
1.0%
|
1.3%
|
1.2%
|
|
Government (14%)
|
1.3%
|
0.8%
|
0.8%
|
1.3%
|
0.0%
|
|
Unemployment Rate (% of labor force)
|
4.7%
|
4.5%
|
4.7%
|
4.6%
|
5.0%
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|
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|
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Other Indicators
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-41.3%
|
-20.2%
|
-30.6%
|
-19.2%
|
-24.2%
|
|
Multifamily Building Permits
|
-22.6%
|
-15.4%
|
-32.9%
|
-4.1%
|
-30.9%
|
|
Home Price Index
|
2.2%
|
1.7%
|
2.7%
|
2.5%
|
2.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.32
|
4.89
|
4.33
|
4.80
|
3.51
|
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
161
|
162
|
170
|
162
|
172
|
|
Total Assets (in millions)
|
70,392
|
71,831
|
70,949
|
71,831
|
71,753
|
|
New Institutions (# < 3 years)
|
2
|
2
|
3
|
2
|
3
|
|
Subchapter S Institutions
|
19
|
16
|
17
|
16
|
14
|
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|
|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.47
|
2.41
|
1.96
|
2.41
|
1.85
|
|
ALLL/Total Loans (median %)
|
1.07
|
1.04
|
1.05
|
1.04
|
1.05
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.88
|
0.97
|
1.27
|
0.97
|
1.39
|
|
Net Loan Losses / Total Loans (median %)
|
0.09
|
0.18
|
0.06
|
0.15
|
0.12
|
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|
|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.62
|
9.56
|
9.72
|
9.56
|
9.42
|
|
Return on Assets (median %)
|
0.68
|
0.68
|
0.71
|
0.71
|
0.78
|
|
Pretax Return on Assets (median %)
|
0.93
|
0.87
|
0.99
|
0.92
|
1.07
|
|
Net Interest Margin (median %)
|
3.45
|
3.58
|
3.53
|
3.56
|
3.61
|
|
Yield on Earning Assets (median %)
|
6.40
|
6.74
|
6.64
|
6.73
|
6.50
|
|
Cost of Funding Earning Assets (median %)
|
2.96
|
3.28
|
3.21
|
3.30
|
2.94
|
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Provisions to Avg. Assets (median %)
|
0.15
|
0.16
|
0.09
|
0.14
|
0.10
|
|
Noninterest Income to Avg. Assets (median %)
|
0.67
|
0.65
|
0.61
|
0.64
|
0.65
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|
Overhead to Avg. Assets (median %)
|
2.86
|
2.93
|
2.79
|
2.89
|
2.77
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
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|
Loans to Assets (median %)
|
71.1
|
72.2
|
72.1
|
72.2
|
71.4
|
|
Noncore Funding to Assets (median %)
|
25.0
|
23.2
|
23.0
|
23.2
|
24.3
|
|
Long-term Assets to Assets (median %, call filers)
|
26.9
|
25.1
|
23.8
|
25.1
|
23.9
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|
Brokered Deposits (number of institutions)
|
62
|
65
|
68
|
65
|
69
|
|
Brokered Deposits to Assets (median % for those above)
|
3.5
|
3.6
|
5.0
|
3.6
|
4.8
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|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
67.8
|
71.0
|
66.0
|
71.0
|
64.3
|
|
Commercial Real Estate
|
174.6
|
175.5
|
184.1
|
175.5
|
188.6
|
|
Construction & Development
|
32.2
|
34.4
|
29.6
|
34.4
|
31.2
|
|
Multifamily Residential Real Estate
|
7.7
|
7.7
|
7.2
|
7.7
|
7.1
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|
Nonresidential Real Estate
|
123.4
|
120.3
|
127.2
|
120.3
|
126.0
|
|
Residential Real Estate
|
296.2
|
293.6
|
295.4
|
293.6
|
292.6
|
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Consumer
|
32.8
|
34.3
|
34.6
|
34.3
|
36.5
|
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Agriculture
|
36.3
|
37.7
|
37.3
|
37.7
|
35.6
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BANKING PROFILE
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