Mississippi 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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Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-4.1%
|
-4.7%
|
-2.0%
|
-4.4%
|
-0.5%
|
|
Manufacturing (13%)
|
-9.7%
|
-11.8%
|
-8.2%
|
-11.6%
|
-5.8%
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|
Other (non-manufacturing) Goods-Producing (5%)
|
-16.7%
|
-14.3%
|
-3.6%
|
-14.8%
|
2.4%
|
|
Private Service-Producing (59%)
|
-3.4%
|
-4.1%
|
-1.6%
|
-3.7%
|
-0.1%
|
|
Government (23%)
|
1.0%
|
1.1%
|
1.5%
|
1.0%
|
1.6%
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|
Unemployment Rate (% of labor force)
|
10.4%
|
9.8%
|
7.6%
|
9.5%
|
6.9%
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|
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Other Indicators
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Single-Family Home Permits
|
20.0%
|
-10.6%
|
-47.1%
|
-19.7%
|
-38.6%
|
|
Multifamily Building Permits
|
-95.5%
|
-69.0%
|
-53.0%
|
-52.2%
|
-41.6%
|
|
Home Price Index
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-2.4%
|
-0.5%
|
-0.2%
|
-1.1%
|
1.0%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.79
|
5.01
|
4.55
|
4.81
|
4.08
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BANKING TRENDS
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General Information
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Institutions (#)
|
94
|
95
|
95
|
94
|
95
|
|
Total Assets (in millions)
|
58,585
|
56,860
|
57,116
|
58,585
|
57,116
|
|
New Institutions (# < 3 years)
|
1
|
1
|
2
|
1
|
2
|
|
Subchapter S Institutions
|
27
|
27
|
26
|
27
|
26
|
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|
|
|
|
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Asset Quality
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.97
|
3.46
|
3.21
|
3.97
|
3.21
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|
Noncurrent Loans / Total Loans (median %)
|
1.46
|
1.29
|
0.81
|
1.46
|
0.81
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|
ALLL/Total Loans (median %)
|
1.47
|
1.32
|
1.28
|
1.47
|
1.28
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|
ALLL/Noncurrent Loans (median multiple)
|
0.90
|
1.05
|
1.37
|
0.90
|
1.37
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|
Net Loan Losses / Total Loans (median %)
|
0.58
|
0.35
|
0.31
|
0.42
|
0.26
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Capital / Earnings
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Tier 1 Leverage (median %)
|
9.84
|
10.08
|
9.65
|
9.84
|
9.65
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Return on Assets (median %)
|
0.42
|
0.79
|
0.57
|
0.73
|
0.77
|
|
Pretax Return on Assets (median %)
|
0.44
|
1.01
|
0.76
|
0.88
|
0.94
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Net Interest Margin (median %)
|
4.04
|
3.99
|
4.05
|
4.04
|
4.00
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Yield on Earning Assets (median %)
|
5.63
|
5.78
|
6.16
|
5.71
|
6.43
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Cost of Funding Earning Assets (median %)
|
1.60
|
1.68
|
2.18
|
1.75
|
2.47
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Provisions to Avg. Assets (median %)
|
0.48
|
0.29
|
0.33
|
0.37
|
0.25
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Noninterest Income to Avg. Assets (median %)
|
0.83
|
0.82
|
0.87
|
0.79
|
0.84
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Overhead to Avg. Assets (median %)
|
3.39
|
3.20
|
3.37
|
3.24
|
3.25
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Liquidity / Sensitivity
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
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Net Loans to Assets (median %)
|
63.8
|
64.6
|
64.7
|
63.8
|
64.7
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Noncore Funding to Assets (median %)
|
26.7
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27.2
|
28.8
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26.7
|
28.8
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Long-term Assets to Assets (median %, call filers)
|
16.3
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17.2
|
15.2
|
16.3
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15.2
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Brokered Deposits (number of institutions)
|
36
|
38
|
37
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36
|
37
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Brokered Deposits to Assets (median % for those above)
|
2.4
|
2.8
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2.1
|
2.4
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2.1
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
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Commercial and Industrial
|
64.6
|
62.0
|
66.6
|
64.6
|
66.6
|
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Commercial Real Estate
|
223.9
|
215.3
|
227.0
|
223.9
|
227.0
|
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Construction & Development
|
50.8
|
54.3
|
63.6
|
50.8
|
63.6
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Multifamily Residential Real Estate
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5.1
|
5.2
|
5.1
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5.1
|
5.1
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Nonresidential Real Estate
|
146.7
|
137.9
|
136.8
|
146.7
|
136.8
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Residential Real Estate
|
169.6
|
168.5
|
162.8
|
169.6
|
162.8
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Consumer
|
51.4
|
51.5
|
57.8
|
51.4
|
57.8
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Agriculture
|
37.1
|
40.2
|
36.4
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37.1
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36.4
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BANKING PROFILE
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