South Dakota 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
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-1.5%
|
-0.7%
|
1.2%
|
1.2%
|
2.0%
|
|
Manufacturing (10%)
|
-9.9%
|
-5.7%
|
1.7%
|
1.3%
|
1.2%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-4.1%
|
-5.9%
|
2.1%
|
0.6%
|
1.8%
|
|
Private Service-Producing (66%)
|
-0.7%
|
-0.1%
|
1.2%
|
1.4%
|
2.6%
|
|
Government (19%)
|
1.3%
|
1.3%
|
0.8%
|
0.7%
|
0.2%
|
|
Unemployment Rate (% of labor force)
|
4.9%
|
4.6%
|
2.9%
|
3.0%
|
2.9%
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| |
|
|
|
|
|
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Other Indicators
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Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-33.0%
|
-41.8%
|
1.9%
|
-19.8%
|
-14.3%
|
|
Multifamily Building Permits
|
-34.5%
|
228.1%
|
-43.3%
|
-10.2%
|
-10.5%
|
|
Home Price Index
|
1.7%
|
2.3%
|
3.4%
|
3.4%
|
4.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.59
|
1.86
|
1.83
|
1.72
|
1.60
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
86
|
86
|
89
|
87
|
89
|
|
Total Assets (in millions)
|
658,059
|
657,495
|
604,788
|
653,166
|
571,576
|
|
New Institutions (# < 3 years)
|
1
|
1
|
2
|
1
|
2
|
|
Subchapter S Institutions
|
40
|
40
|
38
|
39
|
40
|
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|
|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.14
|
3.03
|
1.71
|
1.77
|
1.59
|
|
Noncurrent Loans / Total Loans (median %)
|
1.22
|
1.28
|
0.63
|
0.85
|
0.41
|
|
ALLL/Total Loans (median %)
|
1.36
|
1.38
|
1.25
|
1.26
|
1.30
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|
ALLL/Noncurrent Loans (median multiple)
|
0.97
|
0.93
|
1.70
|
1.58
|
2.21
|
|
Net Loan Losses / Total Loans (median %)
|
0.16
|
0.03
|
0.06
|
0.15
|
0.10
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|
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
10.25
|
10.28
|
10.21
|
10.14
|
10.40
|
|
Return on Assets (median %)
|
0.81
|
0.90
|
1.10
|
1.01
|
1.26
|
|
Pretax Return on Assets (median %)
|
1.09
|
1.31
|
1.40
|
1.25
|
1.55
|
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Net Interest Margin (median %)
|
4.11
|
4.11
|
4.07
|
4.18
|
4.49
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Yield on Earning Assets (median %)
|
5.93
|
6.04
|
6.69
|
6.72
|
7.62
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Cost of Funding Earning Assets (median %)
|
1.88
|
1.92
|
2.54
|
2.53
|
3.19
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Provisions to Avg. Assets (median %)
|
0.18
|
0.11
|
0.05
|
0.14
|
0.08
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Noninterest Income to Avg. Assets (median %)
|
0.55
|
0.55
|
0.59
|
0.61
|
0.63
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Overhead to Avg. Assets (median %)
|
3.09
|
2.84
|
2.95
|
3.04
|
3.12
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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 %)
|
66.2
|
66.1
|
67.5
|
66.5
|
68.6
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Noncore Funding to Assets (median %)
|
21.1
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20.9
|
20.0
|
20.6
|
17.3
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Long-term Assets to Assets (median %, call filers)
|
16.1
|
16.1
|
15.5
|
14.6
|
13.2
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Brokered Deposits (number of institutions)
|
31
|
31
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30
|
30
|
30
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|
Brokered Deposits to Assets (median % for those above)
|
7.3
|
5.4
|
2.4
|
4.0
|
2.9
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Commercial and Industrial
|
83.2
|
83.1
|
83.9
|
86.6
|
84.1
|
|
Commercial Real Estate
|
71.5
|
68.4
|
62.3
|
62.7
|
50.2
|
|
Construction & Development
|
7.7
|
9.2
|
11.1
|
11.7
|
10.9
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Multifamily Residential Real Estate
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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Nonresidential Real Estate
|
40.8
|
41.2
|
35.7
|
41.1
|
31.9
|
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Residential Real Estate
|
36.5
|
37.2
|
34.5
|
40.1
|
34.3
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Consumer
|
35.8
|
35.5
|
36.5
|
39.2
|
36.9
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Agriculture
|
257.6
|
242.9
|
239.9
|
245.5
|
224.1
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BANKING PROFILE
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