Montana - 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)
|
1.6%
|
2.2%
|
2.9%
|
2.3%
|
3.3%
|
|
Manufacturing (5%)
|
-0.7%
|
-0.5%
|
2.9%
|
1.1%
|
3.2%
|
|
Other (non-manufacturing) Goods-Producing (9%)
|
4.0%
|
5.4%
|
8.7%
|
6.5%
|
8.6%
|
|
Private Service-Producing (67%)
|
2.5%
|
3.0%
|
2.8%
|
2.8%
|
3.1%
|
|
Government (19%)
|
-1.8%
|
-1.5%
|
0.7%
|
-0.8%
|
1.8%
|
|
Unemployment Rate (% of labor force)
|
3.4%
|
3.2%
|
3.1%
|
3.1%
|
3.3%
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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
|
-37.4%
|
-2.1%
|
-12.8%
|
-6.6%
|
-9.3%
|
|
Multifamily Building Permits
|
-46.1%
|
-29.4%
|
-29.6%
|
-8.9%
|
-8.9%
|
|
Home Price Index
|
4.9%
|
6.7%
|
11.1%
|
8.6%
|
12.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.69
|
1.56
|
1.58
|
1.90
|
1.91
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BANKING TRENDS
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|
General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
79
|
79
|
80
|
79
|
83
|
|
Total Assets (in millions)
|
17,899
|
17,592
|
16,639
|
17,592
|
17,059
|
|
New Institutions (# < 3 years)
|
6
|
6
|
5
|
6
|
4
|
|
Subchapter S Institutions
|
29
|
29
|
28
|
29
|
28
|
| |
|
|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.49
|
2.25
|
2.42
|
2.25
|
1.84
|
|
ALLL/Total Loans (median %)
|
1.37
|
1.29
|
1.36
|
1.29
|
1.36
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.27
|
1.80
|
1.35
|
1.80
|
1.86
|
|
Net Loan Losses / Total Loans (median %)
|
0.00
|
0.03
|
0.00
|
0.05
|
0.02
|
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|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.97
|
10.12
|
10.15
|
10.12
|
10.07
|
|
Return on Assets (median %)
|
1.35
|
1.24
|
1.40
|
1.35
|
1.36
|
|
Pretax Return on Assets (median %)
|
1.65
|
1.68
|
1.89
|
2.01
|
1.99
|
|
Net Interest Margin (median %)
|
4.74
|
4.91
|
4.81
|
4.86
|
4.89
|
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Yield on Earning Assets (median %)
|
7.34
|
7.77
|
7.41
|
7.66
|
7.25
|
|
Cost of Funding Earning Assets (median %)
|
2.44
|
2.77
|
2.69
|
2.76
|
2.29
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Provisions to Avg. Assets (median %)
|
0.09
|
0.12
|
0.08
|
0.13
|
0.10
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Noninterest Income to Avg. Assets (median %)
|
0.64
|
0.63
|
0.62
|
0.61
|
0.62
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Overhead to Avg. Assets (median %)
|
3.01
|
3.13
|
3.11
|
3.12
|
2.99
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|
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|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Loans to Assets (median %)
|
69.8
|
70.2
|
69.7
|
70.2
|
67.4
|
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Noncore Funding to Assets (median %)
|
18.7
|
17.4
|
16.2
|
17.4
|
16.7
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Long-term Assets to Assets (median %, call filers)
|
13.5
|
11.9
|
10.7
|
11.9
|
11.0
|
|
Brokered Deposits (number of institutions)
|
21
|
22
|
28
|
22
|
27
|
|
Brokered Deposits to Assets (median % for those above)
|
3.6
|
4.7
|
5.7
|
4.7
|
4.5
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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
|
98.2
|
102.7
|
101.9
|
102.7
|
101.0
|
|
Commercial Real Estate
|
233.6
|
235.8
|
198.6
|
235.8
|
218.5
|
|
Construction & Development
|
73.6
|
71.2
|
51.3
|
71.2
|
58.9
|
|
Multifamily Residential Real Estate
|
2.8
|
2.0
|
1.5
|
2.0
|
1.8
|
|
Nonresidential Real Estate
|
127.9
|
137.5
|
117.8
|
137.5
|
124.8
|
|
Residential Real Estate
|
107.3
|
101.8
|
102.8
|
101.8
|
103.1
|
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Consumer
|
39.9
|
40.5
|
42.0
|
40.5
|
41.9
|
|
Agriculture
|
85.0
|
84.6
|
86.2
|
84.6
|
83.4
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BANKING PROFILE
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