Iowa 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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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-2.7%
|
-1.6%
|
0.5%
|
0.3%
|
1.0%
|
|
Manufacturing (14%)
|
-11.1%
|
-7.9%
|
0.2%
|
-0.8%
|
-0.6%
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|
Other (non-manufacturing) Goods-Producing (5%)
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-8.4%
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-3.6%
|
0.9%
|
0.4%
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-2.3%
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Private Service-Producing (64%)
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-1.1%
|
-0.6%
|
0.3%
|
0.3%
|
1.6%
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Government (17%)
|
0.3%
|
0.7%
|
1.3%
|
1.2%
|
1.1%
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Unemployment Rate (% of labor force)
|
5.7%
|
5.0%
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4.0%
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4.1%
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3.7%
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Other Indicators
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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Single-Family Home Permits
|
-10.6%
|
-36.5%
|
-32.6%
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-33.6%
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-16.4%
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Multifamily Building Permits
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-48.8%
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-81.8%
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-32.6%
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-9.4%
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-16.3%
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Home Price Index
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0.4%
|
0.8%
|
1.5%
|
1.4%
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2.8%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.57
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2.92
|
2.71
|
2.59
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2.28
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BANKING TRENDS
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|
General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
376
|
376
|
383
|
379
|
391
|
|
Total Assets (in millions)
|
64,393
|
64,591
|
60,773
|
63,494
|
59,607
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New Institutions (# < 3 years)
|
1
|
1
|
2
|
2
|
5
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Subchapter S Institutions
|
223
|
223
|
222
|
222
|
222
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|
|
|
|
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Asset Quality
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.64
|
2.66
|
1.91
|
2.08
|
1.54
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Noncurrent Loans / Total Loans (median %)
|
1.37
|
1.23
|
0.80
|
0.94
|
0.55
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ALLL/Total Loans (median %)
|
1.26
|
1.21
|
1.15
|
1.17
|
1.12
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ALLL/Noncurrent Loans (median multiple)
|
0.81
|
0.88
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1.14
|
1.08
|
1.72
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Net Loan Losses / Total Loans (median %)
|
0.12
|
0.03
|
0.02
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0.15
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0.08
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Capital / Earnings
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Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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Tier 1 Leverage (median %)
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9.07
|
9.08
|
9.05
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9.11
|
9.17
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Return on Assets (median %)
|
0.88
|
1.05
|
1.06
|
0.97
|
1.00
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Pretax Return on Assets (median %)
|
1.02
|
1.23
|
1.31
|
1.23
|
1.23
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Net Interest Margin (median %)
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3.66
|
3.66
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3.55
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3.66
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3.58
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Yield on Earning Assets (median %)
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5.58
|
5.62
|
6.13
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6.17
|
6.73
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Cost of Funding Earning Assets (median %)
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1.87
|
1.99
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2.58
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2.53
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3.17
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Provisions to Avg. Assets (median %)
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0.20
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0.12
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0.08
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0.16
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0.07
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Noninterest Income to Avg. Assets (median %)
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0.52
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0.50
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0.53
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0.54
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0.55
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Overhead to Avg. Assets (median %)
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2.67
|
2.49
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2.42
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2.55
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2.51
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Net Loans to Assets (median %)
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65.3
|
65.8
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67.3
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67.1
|
67.6
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Noncore Funding to Assets (median %)
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18.3
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18.2
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18.6
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19.4
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18.6
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Long-term Assets to Assets (median %, call filers)
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17.5
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17.1
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17.4
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17.3
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15.6
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Brokered Deposits (number of institutions)
|
153
|
151
|
144
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147
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153
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Brokered Deposits to Assets (median % for those above)
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1.8
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2.1
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2.0
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2.1
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2.3
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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Commercial and Industrial
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87.5
|
88.8
|
92.6
|
89.9
|
89.4
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Commercial Real Estate
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96.7
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98.6
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100.5
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104.9
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100.8
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Construction & Development
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16.5
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17.3
|
17.5
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18.4
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18.8
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Multifamily Residential Real Estate
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3.0
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2.8
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2.9
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3.0
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2.8
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Nonresidential Real Estate
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72.8
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71.6
|
70.7
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72.8
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71.2
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Residential Real Estate
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126.9
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126.8
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126.9
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128.9
|
129.8
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Consumer
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26.2
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26.3
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29.0
|
27.6
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31.1
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Agriculture
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207.4
|
208.6
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208.2
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215.2
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211.2
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BANKING PROFILE
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