North Dakota - 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
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Q4-07
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Q1-07
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2007
|
2006
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Total Nonfarm (share of trailing four quarter employment in parentheses)
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1.9%
|
1.5%
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1.8%
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1.6%
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2.2%
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Manufacturing (7%)
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0.5%
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0.1%
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-0.3%
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-0.3%
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0.5%
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Other (non-manufacturing) Goods-Producing (7%)
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5.1%
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3.6%
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6.8%
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4.2%
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7.6%
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Private Service-Producing (65%)
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2.4%
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2.1%
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2.3%
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2.0%
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2.4%
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Government (21%)
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0.2%
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-0.4%
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0.1%
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0.1%
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0.6%
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Unemployment Rate (% of labor force)
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3.1%
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3.1%
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3.2%
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3.2%
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3.2%
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Other Indicators
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Q1-08
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Q4-07
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Q1-07
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2007
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2006
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Single-Family Home Permits
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-37.9%
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29.6%
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39.5%
|
8.1%
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-8.5%
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Multifamily Building Permits
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105.2%
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-19.5%
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140.0%
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-22.3%
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-24.7%
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Home Price Index
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4.2%
|
7.7%
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7.6%
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6.8%
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7.2%
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Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
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1.76
|
2.00
|
1.56
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1.79
|
1.11
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BANKING TRENDS
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General Information
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Q1-08
|
Q4-07
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Q1-07
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2007
|
2006
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Institutions (#)
|
96
|
97
|
96
|
97
|
96
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Total Assets (in millions)
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21,136
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20,381
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18,991
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20,381
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18,415
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New Institutions (# < 3 years)
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2
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3
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1
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3
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1
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Subchapter S Institutions
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61
|
61
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60
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61
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58
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|
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Asset Quality
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Q1-08
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Q4-07
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Q1-07
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2007
|
2006
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Past-Due and Nonaccrual Loans / Total Loans (median %)
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2.04
|
1.54
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2.69
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1.54
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1.52
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ALLL/Total Loans (median %)
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1.31
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1.26
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1.30
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1.26
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1.31
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ALLL/Noncurrent Loans (median multiple)
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2.02
|
2.87
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2.06
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2.87
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3.32
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Net Loan Losses / Total Loans (median %)
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0.00
|
0.03
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0.00
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0.07
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0.08
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Capital / Earnings
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Q1-08
|
Q4-07
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Q1-07
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2007
|
2006
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Tier 1 Leverage (median %)
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8.97
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9.23
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9.41
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9.23
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9.35
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Return on Assets (median %)
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1.15
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0.97
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0.99
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1.02
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1.14
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Pretax Return on Assets (median %)
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1.34
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1.28
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1.28
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1.30
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1.47
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Net Interest Margin (median %)
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3.86
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4.07
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4.09
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4.07
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4.24
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Yield on Earning Assets (median %)
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6.62
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7.26
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7.05
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7.21
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6.90
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Cost of Funding Earning Assets (median %)
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2.76
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3.11
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3.07
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3.18
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2.76
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Provisions to Avg. Assets (median %)
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0.05
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0.08
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0.10
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0.10
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0.09
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Noninterest Income to Avg. Assets (median %)
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0.41
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0.48
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0.44
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0.45
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0.47
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Overhead to Avg. Assets (median %)
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2.63
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3.00
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2.71
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2.74
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2.79
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Liquidity / Sensitivity
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Q1-08
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Q4-07
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Q1-07
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2007
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2006
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Loans to Assets (median %)
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63.1
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66.9
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66.5
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66.9
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68.4
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Noncore Funding to Assets (median %)
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15.0
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15.3
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15.4
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15.3
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17.1
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Long-term Assets to Assets (median %, call filers)
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13.3
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11.8
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11.5
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11.8
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11.1
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Brokered Deposits (number of institutions)
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38
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37
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34
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37
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34
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Brokered Deposits to Assets (median % for those above)
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4.0
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5.6
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5.4
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5.6
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5.9
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-08
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Q4-07
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Q1-07
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2007
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2006
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Commercial and Industrial
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117.2
|
112.7
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107.2
|
112.7
|
104.8
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Commercial Real Estate
|
90.0
|
88.1
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82.9
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88.1
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75.4
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Construction & Development
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18.2
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13.9
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10.4
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13.9
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10.3
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Multifamily Residential Real Estate
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1.5
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1.7
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1.2
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1.7
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1.3
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Nonresidential Real Estate
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63.1
|
61.0
|
51.6
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61.0
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50.0
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Residential Real Estate
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51.9
|
47.7
|
48.2
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47.7
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47.6
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Consumer
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45.4
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46.2
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45.4
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46.2
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49.5
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Agriculture
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282.8
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304.1
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303.7
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304.1
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318.5
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BANKING PROFILE
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