Oklahoma - 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
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Q1-08
|
Q2-07
|
2007
|
2006
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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1.3%
|
1.5%
|
1.7%
|
1.7%
|
2.7%
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Manufacturing (10%)
|
0.4%
|
0.6%
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1.5%
|
0.7%
|
3.0%
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Other (non-manufacturing) Goods-Producing (8%)
|
8.0%
|
8.0%
|
4.2%
|
5.0%
|
10.0%
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Private Service-Producing (62%)
|
1.3%
|
1.7%
|
1.6%
|
1.9%
|
2.0%
|
|
Government (20%)
|
-0.7%
|
-0.8%
|
1.2%
|
0.4%
|
2.4%
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Unemployment Rate (% of labor force)
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3.5%
|
3.3%
|
4.4%
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4.3%
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4.2%
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Other Indicators
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Q2-08
|
Q1-08
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Q2-07
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2007
|
2006
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Single-Family Home Permits
|
-28.6%
|
-26.4%
|
-20.7%
|
-15.4%
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-10.2%
|
|
Multifamily Building Permits
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-71.2%
|
-26.8%
|
18.2%
|
43.4%
|
-35.6%
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Home Price Index
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4.9%
|
4.3%
|
4.6%
|
5.3%
|
5.3%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.97
|
2.64
|
2.56
|
2.42
|
1.93
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BANKING TRENDS
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General Information
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
|
Institutions (#)
|
257
|
259
|
260
|
259
|
264
|
|
Total Assets (in millions)
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77,736
|
75,491
|
68,917
|
72,848
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67,300
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New Institutions (# < 3 years)
|
1
|
1
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3
|
1
|
3
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Subchapter S Institutions
|
171
|
171
|
160
|
160
|
149
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|
|
|
|
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Asset Quality
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Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
|
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.00
|
2.39
|
2.17
|
2.43
|
2.15
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|
ALLL/Total Loans (median %)
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1.12
|
1.14
|
1.18
|
1.13
|
1.19
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ALLL/Noncurrent Loans (median multiple)
|
1.33
|
1.27
|
1.49
|
1.39
|
1.72
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Net Loan Losses / Total Loans (median %)
|
0.08
|
0.03
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0.05
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0.16
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0.12
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Capital / Earnings
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
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Tier 1 Leverage (median %)
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9.23
|
9.42
|
9.45
|
9.33
|
9.50
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Return on Assets (median %)
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1.40
|
1.35
|
1.37
|
1.27
|
1.31
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Pretax Return on Assets (median %)
|
1.52
|
1.52
|
1.58
|
1.41
|
1.46
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Net Interest Margin (median %)
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4.30
|
4.27
|
4.54
|
4.46
|
4.55
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Yield on Earning Assets (median %)
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6.55
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6.94
|
7.45
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7.47
|
7.06
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Cost of Funding Earning Assets (median %)
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2.23
|
2.62
|
2.95
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2.95
|
2.56
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Provisions to Avg. Assets (median %)
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0.11
|
0.08
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0.07
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0.12
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0.12
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Noninterest Income to Avg. Assets (median %)
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0.82
|
0.84
|
0.84
|
0.89
|
0.87
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Overhead to Avg. Assets (median %)
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3.16
|
3.18
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3.25
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3.31
|
3.37
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Liquidity / Sensitivity
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Q2-08
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Q1-08
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Q2-07
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2007
|
2006
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Loans to Assets (median %)
|
62.7
|
62.1
|
62.8
|
63.3
|
63.3
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Noncore Funding to Assets (median %)
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23.0
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22.6
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22.2
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22.8
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21.9
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Long-term Assets to Assets (median %, call filers)
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16.5
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15.2
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12.6
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13.8
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11.7
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Brokered Deposits (number of institutions)
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75
|
74
|
69
|
70
|
70
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Brokered Deposits to Assets (median % for those above)
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4.5
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4.5
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5.9
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4.3
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4.3
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Loan Concentrations (median % of Tier 1 Capital)
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Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
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Commercial and Industrial
|
98.1
|
99.1
|
97.2
|
101.2
|
99.1
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Commercial Real Estate
|
156.3
|
156.0
|
143.7
|
151.7
|
143.0
|
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Construction & Development
|
30.5
|
27.7
|
20.6
|
23.9
|
19.1
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Multifamily Residential Real Estate
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0.7
|
0.4
|
0.1
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0.2
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0.4
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Nonresidential Real Estate
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107.2
|
106.8
|
100.7
|
109.4
|
101.0
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Residential Real Estate
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126.7
|
121.7
|
115.9
|
121.1
|
120.8
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Consumer
|
60.4
|
61.2
|
66.7
|
62.8
|
67.9
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Agriculture
|
78.3
|
80.3
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75.1
|
82.4
|
75.6
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BANKING PROFILE
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