Minnesota at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q2-09
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Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.6%
|
-3.0%
|
-0.1%
|
-0.5%
|
0.5%
|
|
Manufacturing (12%)
|
-10.8%
|
-7.5%
|
-1.5%
|
-1.9%
|
-1.2%
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|
Other (non-manufacturing) Goods-Producing (4%)
|
-15.1%
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-18.1%
|
-6.8%
|
-8.0%
|
-5.6%
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Private Service-Producing (69%)
|
-2.5%
|
-2.1%
|
0.3%
|
0.0%
|
1.4%
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|
Government (15%)
|
0.5%
|
0.4%
|
1.0%
|
0.8%
|
-0.3%
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Unemployment Rate (% of labor force)
|
8.2%
|
7.9%
|
5.3%
|
5.5%
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4.6%
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|
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Other Indicators
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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|
Single-Family Home Permits
|
-31.9%
|
-44.3%
|
-39.0%
|
-39.9%
|
-36.1%
|
|
Multifamily Building Permits
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-47.7%
|
145.4%
|
-5.7%
|
-37.0%
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-32.0%
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Home Price Index
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-3.6%
|
-3.1%
|
-2.9%
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-2.8%
|
0.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.12
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3.56
|
3.11
|
3.02
|
2.20
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BANKING TRENDS
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General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
426
|
430
|
437
|
431
|
443
|
|
Total Assets (in millions)
|
79,016
|
79,268
|
77,011
|
78,088
|
105,167
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New Institutions (# < 3 years)
|
5
|
6
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11
|
7
|
11
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Subchapter S Institutions
|
297
|
298
|
302
|
298
|
302
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|
|
|
|
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Asset Quality
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.67
|
3.86
|
2.91
|
3.51
|
2.39
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|
Noncurrent Loans / Total Loans (median %)
|
2.30
|
2.04
|
1.38
|
1.80
|
1.05
|
|
ALLL/Total Loans (median %)
|
1.38
|
1.38
|
1.27
|
1.33
|
1.25
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ALLL/Noncurrent Loans (median multiple)
|
0.61
|
0.61
|
0.80
|
0.70
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1.11
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Net Loan Losses / Total Loans (median %)
|
0.22
|
0.10
|
0.05
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0.30
|
0.14
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Capital / Earnings
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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Tier 1 Leverage (median %)
|
9.14
|
9.06
|
9.35
|
9.16
|
9.57
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Return on Assets (median %)
|
0.60
|
0.75
|
0.93
|
0.79
|
1.04
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Pretax Return on Assets (median %)
|
0.68
|
0.87
|
1.12
|
0.90
|
1.21
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Net Interest Margin (median %)
|
4.01
|
3.90
|
4.02
|
4.02
|
4.14
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Yield on Earning Assets (median %)
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5.85
|
5.88
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6.51
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6.50
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7.26
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Cost of Funding Earning Assets (median %)
|
1.81
|
1.93
|
2.48
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2.46
|
3.07
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Provisions to Avg. Assets (median %)
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0.29
|
0.23
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0.14
|
0.30
|
0.15
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Noninterest Income to Avg. Assets (median %)
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0.51
|
0.47
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0.52
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0.52
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0.55
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Overhead to Avg. Assets (median %)
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3.19
|
2.98
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3.05
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3.06
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3.04
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Liquidity / Sensitivity
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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Net Loans to Assets (median %)
|
71.1
|
70.5
|
71.6
|
70.6
|
70.6
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Noncore Funding to Assets (median %)
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19.0
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19.5
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18.6
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19.6
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16.9
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Long-term Assets to Assets (median %, call filers)
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12.9
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12.5
|
12.2
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12.4
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9.7
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Brokered Deposits (number of institutions)
|
199
|
205
|
195
|
198
|
201
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Brokered Deposits to Assets (median % for those above)
|
6.0
|
5.8
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4.4
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5.8
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5.0
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
|
Q1-09
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Q2-08
|
2008
|
2007
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Commercial and Industrial
|
104.6
|
102.7
|
110.9
|
102.8
|
105.6
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Commercial Real Estate
|
196.1
|
197.0
|
190.8
|
200.0
|
191.5
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Construction & Development
|
30.2
|
32.3
|
37.8
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35.2
|
37.2
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Multifamily Residential Real Estate
|
4.3
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4.3
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3.0
|
3.6
|
2.4
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Nonresidential Real Estate
|
141.4
|
143.4
|
133.8
|
140.3
|
129.0
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Residential Real Estate
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144.5
|
147.3
|
138.4
|
147.8
|
135.7
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Consumer
|
31.3
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30.7
|
31.8
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30.8
|
32.6
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Agriculture
|
76.2
|
74.9
|
75.2
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76.8
|
73.6
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BANKING PROFILE
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