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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Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-2.7%
|
-3.1%
|
-1.0%
|
-0.5%
|
1.0%
|
|
Manufacturing (13%)
|
-8.2%
|
-11.0%
|
-6.3%
|
-5.6%
|
-3.5%
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|
Other (non-manufacturing) Goods-Producing (6%)
|
-3.5%
|
-4.9%
|
0.6%
|
2.5%
|
1.6%
|
|
Private Service-Producing (58%)
|
-3.4%
|
-3.0%
|
-0.7%
|
-0.3%
|
1.9%
|
|
Government (23%)
|
2.9%
|
2.2%
|
1.1%
|
1.7%
|
1.9%
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Unemployment Rate (% of labor force)
|
9.6%
|
9.3%
|
7.3%
|
6.9%
|
6.3%
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|
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Other Indicators
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Q3-09
|
Q2-09
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Q3-08
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2008
|
2007
|
|
Single-Family Home Permits
|
-10.6%
|
-19.1%
|
-40.8%
|
-38.6%
|
-22.3%
|
|
Multifamily Building Permits
|
-69.0%
|
63.4%
|
33.8%
|
-41.6%
|
209.1%
|
|
Home Price Index
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-0.1%
|
-1.1%
|
-0.3%
|
1.1%
|
5.6%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.01
|
4.73
|
4.13
|
4.08
|
3.75
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BANKING TRENDS
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General Information
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
|
|
Institutions (#)
|
95
|
95
|
97
|
95
|
97
|
|
Total Assets (in millions)
|
56,861
|
57,427
|
56,073
|
57,116
|
54,406
|
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New Institutions (# < 3 years)
|
1
|
1
|
2
|
2
|
1
|
|
Subchapter S Institutions
|
27
|
27
|
27
|
26
|
27
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|
|
|
|
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Asset Quality
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Q3-09
|
Q2-09
|
Q3-08
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2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.46
|
3.21
|
2.45
|
3.21
|
2.24
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|
Noncurrent Loans / Total Loans (median %)
|
1.29
|
1.18
|
0.62
|
0.81
|
0.62
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|
ALLL/Total Loans (median %)
|
1.31
|
1.25
|
1.22
|
1.28
|
1.21
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ALLL/Noncurrent Loans (median multiple)
|
1.05
|
1.01
|
1.70
|
1.37
|
1.92
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Net Loan Losses / Total Loans (median %)
|
0.35
|
0.21
|
0.17
|
0.26
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0.17
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Capital / Earnings
|
Q3-09
|
Q2-09
|
Q3-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
10.08
|
9.79
|
9.73
|
9.65
|
9.79
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Return on Assets (median %)
|
0.77
|
0.74
|
0.87
|
0.79
|
1.09
|
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Pretax Return on Assets (median %)
|
1.01
|
0.89
|
1.18
|
0.99
|
1.32
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Net Interest Margin (median %)
|
3.99
|
3.99
|
4.07
|
4.00
|
4.05
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Yield on Earning Assets (median %)
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5.78
|
5.71
|
6.39
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6.43
|
7.39
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Cost of Funding Earning Assets (median %)
|
1.68
|
1.74
|
2.33
|
2.47
|
3.13
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Provisions to Avg. Assets (median %)
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0.29
|
0.25
|
0.18
|
0.25
|
0.15
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Noninterest Income to Avg. Assets (median %)
|
0.82
|
0.81
|
0.92
|
0.84
|
0.97
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Overhead to Avg. Assets (median %)
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3.20
|
3.27
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3.29
|
3.25
|
3.19
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Liquidity / Sensitivity
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Q3-09
|
Q2-09
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Q3-08
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2008
|
2007
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Net Loans to Assets (median %)
|
64.6
|
63.8
|
65.1
|
64.7
|
61.6
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Noncore Funding to Assets (median %)
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27.2
|
27.8
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27.2
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28.8
|
26.1
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Long-term Assets to Assets (median %, call filers)
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17.2
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16.6
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14.6
|
15.2
|
13.8
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Brokered Deposits (number of institutions)
|
38
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38
|
39
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37
|
29
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Brokered Deposits to Assets (median % for those above)
|
2.8
|
2.9
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2.1
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2.1
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2.2
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q3-09
|
Q2-09
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Q3-08
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2008
|
2007
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Commercial and Industrial
|
62.5
|
64.0
|
63.8
|
66.6
|
69.4
|
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Commercial Real Estate
|
215.3
|
210.6
|
217.1
|
227.0
|
192.5
|
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Construction & Development
|
54.3
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55.5
|
56.1
|
63.6
|
49.8
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Multifamily Residential Real Estate
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5.2
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4.5
|
4.8
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5.1
|
3.5
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Nonresidential Real Estate
|
137.9
|
138.3
|
136.5
|
136.8
|
127.5
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Residential Real Estate
|
166.0
|
166.2
|
161.7
|
162.8
|
164.4
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Consumer
|
51.5
|
54.6
|
57.1
|
57.8
|
59.8
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Agriculture
|
40.2
|
39.1
|
37.5
|
36.4
|
32.7
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BANKING PROFILE
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