Arkansas - Second 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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Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.2%
|
0.3%
|
0.4%
|
0.4%
|
1.8%
|
|
Manufacturing (15%)
|
-3.6%
|
-3.9%
|
-5.1%
|
-4.8%
|
-1.2%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-0.7%
|
0.3%
|
2.0%
|
2.0%
|
4.5%
|
|
Private Service-Producing (62%)
|
1.0%
|
1.1%
|
1.4%
|
1.5%
|
2.3%
|
|
Government (18%)
|
1.0%
|
1.1%
|
1.4%
|
1.3%
|
1.9%
|
|
Unemployment Rate (% of labor force)
|
4.9%
|
5.2%
|
5.4%
|
5.4%
|
5.3%
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|
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|
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Other Indicators
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Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Single-Family Home Permits
|
-24.3%
|
-38.8%
|
-25.3%
|
-27.1%
|
-12.8%
|
|
Multifamily Building Permits
|
95.4%
|
2.2%
|
14.3%
|
3.7%
|
-39.1%
|
|
Home Price Index
|
1.0%
|
2.1%
|
4.8%
|
4.3%
|
6.9%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.47
|
4.61
|
4.12
|
4.04
|
3.31
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BANKING TRENDS
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|
General Information
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Institutions (#)
|
147
|
149
|
152
|
150
|
156
|
|
Total Assets (in millions)
|
51,918
|
53,132
|
50,291
|
51,658
|
48,497
|
|
New Institutions (# < 3 years)
|
1
|
1
|
2
|
2
|
2
|
|
Subchapter S Institutions
|
36
|
38
|
34
|
35
|
36
|
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|
|
|
|
|
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Asset Quality
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.38
|
2.66
|
2.04
|
2.58
|
1.98
|
|
ALLL/Total Loans (median %)
|
1.27
|
1.38
|
1.28
|
1.32
|
1.33
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.25
|
1.09
|
1.39
|
1.44
|
1.86
|
|
Net Loan Losses / Total Loans (median %)
|
0.14
|
0.07
|
0.07
|
0.17
|
0.13
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|
|
|
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Capital / Earnings
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.55
|
9.56
|
9.88
|
9.62
|
9.96
|
|
Return on Assets (median %)
|
1.02
|
1.03
|
1.00
|
0.94
|
0.98
|
|
Pretax Return on Assets (median %)
|
1.31
|
1.31
|
1.25
|
1.25
|
1.29
|
|
Net Interest Margin (median %)
|
3.95
|
3.84
|
3.95
|
3.95
|
3.93
|
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Yield on Earning Assets (median %)
|
6.53
|
6.87
|
7.32
|
7.35
|
6.87
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Cost of Funding Earning Assets (median %)
|
2.61
|
3.04
|
3.33
|
3.31
|
2.92
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Provisions to Avg. Assets (median %)
|
0.17
|
0.12
|
0.09
|
0.15
|
0.10
|
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Noninterest Income to Avg. Assets (median %)
|
0.72
|
0.75
|
0.75
|
0.78
|
0.77
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Overhead to Avg. Assets (median %)
|
2.76
|
2.72
|
2.80
|
2.79
|
2.88
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Liquidity / Sensitivity
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
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|
Loans to Assets (median %)
|
65.8
|
64.0
|
65.2
|
65.9
|
64.4
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Noncore Funding to Assets (median %)
|
28.6
|
29.3
|
28.6
|
28.4
|
28.6
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Long-term Assets to Assets (median %, call filers)
|
17.1
|
16.6
|
13.2
|
14.3
|
13.3
|
|
Brokered Deposits (number of institutions)
|
71
|
69
|
78
|
72
|
78
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|
Brokered Deposits to Assets (median % for those above)
|
3.8
|
5.4
|
5.1
|
5.7
|
5.4
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Loan Concentrations (median % of Tier 1 Capital)
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Commercial and Industrial
|
88.6
|
85.6
|
77.8
|
84.1
|
81.8
|
|
Commercial Real Estate
|
237.4
|
236.2
|
239.7
|
241.0
|
215.4
|
|
Construction & Development
|
70.6
|
71.7
|
77.1
|
74.7
|
70.4
|
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Multifamily Residential Real Estate
|
7.7
|
7.3
|
5.6
|
5.8
|
4.7
|
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Nonresidential Real Estate
|
141.1
|
133.9
|
134.0
|
143.8
|
124.6
|
|
Residential Real Estate
|
146.8
|
146.2
|
128.3
|
142.9
|
138.1
|
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Consumer
|
44.0
|
44.8
|
45.8
|
45.8
|
47.0
|
|
Agriculture
|
45.9
|
43.5
|
45.6
|
42.8
|
44.1
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BANKING PROFILE
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