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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Q1-09
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Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-3.2%
|
-2.1%
|
0.8%
|
-0.5%
|
1.0%
|
|
Manufacturing (14%)
|
-10.0%
|
-7.5%
|
-3.6%
|
-5.6%
|
-3.5%
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|
Other (non-manufacturing) Goods-Producing (6%)
|
-5.5%
|
-2.8%
|
4.3%
|
2.5%
|
1.6%
|
|
Private Service-Producing (58%)
|
-3.0%
|
-2.2%
|
1.1%
|
-0.3%
|
1.9%
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|
Government (22%)
|
1.5%
|
2.1%
|
2.0%
|
1.7%
|
1.9%
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Unemployment Rate (% of labor force)
|
9.1%
|
7.5%
|
6.0%
|
6.9%
|
6.3%
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|
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-45.5%
|
-47.1%
|
-39.6%
|
-38.6%
|
-22.3%
|
|
Multifamily Building Permits
|
-82.1%
|
-53.0%
|
-14.8%
|
-41.6%
|
209.1%
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|
Home Price Index
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-0.4%
|
0.3%
|
2.9%
|
1.4%
|
5.9%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.69
|
4.55
|
4.09
|
4.08
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3.75
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
95
|
95
|
98
|
95
|
97
|
|
Total Assets (in millions)
|
58,200
|
57,116
|
55,695
|
57,116
|
54,406
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New Institutions (# < 3 years)
|
1
|
2
|
2
|
2
|
1
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Subchapter S Institutions
|
27
|
26
|
27
|
26
|
27
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|
|
|
|
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Asset Quality
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Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.49
|
3.21
|
2.26
|
3.21
|
2.24
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|
ALLL/Total Loans (median %)
|
1.29
|
1.28
|
1.22
|
1.28
|
1.21
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ALLL/Noncurrent Loans (median multiple)
|
1.12
|
1.37
|
2.01
|
1.37
|
1.92
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Net Loan Losses / Total Loans (median %)
|
0.20
|
0.31
|
0.10
|
0.26
|
0.17
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
9.59
|
9.68
|
9.72
|
9.68
|
9.79
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Return on Assets (median %)
|
0.80
|
0.57
|
1.04
|
0.81
|
1.09
|
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Pretax Return on Assets (median %)
|
1.04
|
0.76
|
1.26
|
1.03
|
1.32
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Net Interest Margin (median %)
|
3.89
|
4.05
|
3.92
|
4.00
|
4.05
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Yield on Earning Assets (median %)
|
5.80
|
6.16
|
6.80
|
6.43
|
7.39
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Cost of Funding Earning Assets (median %)
|
1.90
|
2.18
|
2.88
|
2.47
|
3.13
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Provisions to Avg. Assets (median %)
|
0.18
|
0.31
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0.11
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0.25
|
0.15
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Noninterest Income to Avg. Assets (median %)
|
0.82
|
0.88
|
0.87
|
0.84
|
0.97
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Overhead to Avg. Assets (median %)
|
3.20
|
3.34
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3.11
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3.26
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3.19
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Liquidity / Sensitivity
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Q1-09
|
Q4-08
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Q1-08
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2008
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2007
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Loans to Assets (median %)
|
62.7
|
65.4
|
61.9
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65.4
|
62.9
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Noncore Funding to Assets (median %)
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26.8
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28.8
|
25.1
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28.8
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26.1
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Long-term Assets to Assets (median %, call filers)
|
16.0
|
15.2
|
15.0
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15.2
|
13.8
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Brokered Deposits (number of institutions)
|
38
|
37
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29
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37
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29
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Brokered Deposits to Assets (median % for those above)
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2.3
|
2.1
|
2.0
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2.1
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2.2
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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Commercial and Industrial
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69.6
|
71.5
|
67.9
|
71.5
|
74.0
|
|
Commercial Real Estate
|
231.7
|
245.5
|
209.0
|
245.5
|
211.7
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Construction & Development
|
60.3
|
67.0
|
58.5
|
67.0
|
52.5
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Multifamily Residential Real Estate
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5.0
|
5.7
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3.3
|
5.7
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3.7
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Nonresidential Real Estate
|
146.6
|
147.1
|
134.5
|
147.1
|
136.2
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Residential Real Estate
|
171.3
|
176.8
|
176.0
|
176.8
|
178.0
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Consumer
|
58.5
|
61.6
|
59.9
|
61.6
|
65.1
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Agriculture
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36.9
|
38.1
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33.1
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38.1
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35.1
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BANKING PROFILE
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