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FDIC State Profiles
 

Mississippi at a Glance

ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates 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%
  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%
Unemployment Rate (% of labor force) 9.6% 9.3% 7.3% 6.9% 6.3%
           
Other Indicators Q3-09 Q2-09 Q3-08 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 -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
           
BANKING TRENDS
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
New Institutions (# < 3 years) 1 1 2 2 1
Subchapter S Institutions 27 27 27 26 27
           
Asset Quality Q3-09 Q2-09 Q3-08 2008 2007
Past-Due and Nonaccrual Loans / Total Loans (median %) 3.46 3.21 2.45 3.21 2.24
Noncurrent Loans / Total Loans (median %) 1.29 1.18 0.62 0.81 0.62
ALLL/Total Loans (median %) 1.31 1.25 1.22 1.28 1.21
ALLL/Noncurrent Loans (median multiple) 1.05 1.01 1.70 1.37 1.92
Net Loan Losses / Total Loans (median %) 0.35 0.21 0.17 0.26 0.17
           
Capital / Earnings Q3-09 Q2-09 Q3-08 2008 2007
Tier 1 Leverage (median %) 10.08 9.79 9.73 9.65 9.79
Return on Assets (median %) 0.77 0.74 0.87 0.79 1.09
Pretax Return on Assets (median %) 1.01 0.89 1.18 0.99 1.32
Net Interest Margin (median %) 3.99 3.99 4.07 4.00 4.05
Yield on Earning Assets (median %) 5.78 5.71 6.39 6.43 7.39
Cost of Funding Earning Assets (median %) 1.68 1.74 2.33 2.47 3.13
Provisions to Avg. Assets (median %) 0.29 0.25 0.18 0.25 0.15
Noninterest Income to Avg. Assets (median %) 0.82 0.81 0.92 0.84 0.97
Overhead to Avg. Assets (median %) 3.20 3.27 3.29 3.25 3.19
           
Liquidity / Sensitivity Q3-09 Q2-09 Q3-08 2008 2007
Net Loans to Assets (median %) 64.6 63.8 65.1 64.7 61.6
Noncore Funding to Assets (median %) 27.2 27.8 27.2 28.8 26.1
Long-term Assets to Assets (median %, call filers) 17.2 16.6 14.6 15.2 13.8
Brokered Deposits (number of institutions) 38 38 39 37 29
  Brokered Deposits to Assets (median % for those above) 2.8 2.9 2.1 2.1 2.2
           
Loan Concentrations (median % of Total Risk-Based Capital) Q3-09 Q2-09 Q3-08 2008 2007
Commercial and Industrial 62.5 64.0 63.8 66.6 69.4
Commercial Real Estate 215.3 210.6 217.1 227.0 192.5
  Construction & Development 54.3 55.5 56.1 63.6 49.8
  Multifamily Residential Real Estate 5.2 4.5 4.8 5.1 3.5
  Nonresidential Real Estate 137.9 138.3 136.5 136.8 127.5
Residential Real Estate 166.0 166.2 161.7 162.8 164.4
Consumer 51.5 54.6 57.1 57.8 59.8
Agriculture 40.2 39.1 37.5 36.4 32.7
           
BANKING PROFILE
Largest Deposit Markets (from 2009 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Memphis, TN-MS-AR 59 22,156   < $100 million 26 (27.4% )
Jackson, MS 24 9,940   $100 million to $250 million 32 (33.7% )
Gulfport-Biloxi, MS 16 3,804   $250 million to $1 billion 29 (30.5% )
Hattiesburg, MS 17 2,282   $1 billion to $10 billion 7 (7.4% )
Pascagoula, MS 14 1,870   > $10 billion 1 (1.1% )
           
 
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