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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Q1-09
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Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-1.6%
|
-0.6%
|
0.9%
|
0.3%
|
1.0%
|
|
Manufacturing (15%)
|
-7.9%
|
-2.6%
|
0.6%
|
-0.8%
|
-0.6%
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|
Other (non-manufacturing) Goods-Producing (5%)
|
-3.6%
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-1.0%
|
-1.1%
|
0.4%
|
-2.3%
|
|
Private Service-Producing (64%)
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-0.6%
|
-0.5%
|
1.1%
|
0.3%
|
1.6%
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|
Government (17%)
|
0.7%
|
1.3%
|
1.0%
|
1.2%
|
1.1%
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Unemployment Rate (% of labor force)
|
5.0%
|
4.3%
|
3.9%
|
4.1%
|
3.7%
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
|
|
Single-Family Home Permits
|
-36.5%
|
-38.7%
|
-30.1%
|
-33.6%
|
-16.4%
|
|
Multifamily Building Permits
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-81.8%
|
100.2%
|
-29.9%
|
-9.4%
|
-16.3%
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|
Home Price Index
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0.8%
|
0.8%
|
2.6%
|
1.5%
|
3.0%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.92
|
2.64
|
2.36
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2.59
|
2.28
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BANKING TRENDS
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|
General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
376
|
379
|
386
|
379
|
391
|
|
Total Assets (in millions)
|
64,586
|
63,494
|
61,099
|
63,494
|
59,607
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New Institutions (# < 3 years)
|
1
|
2
|
4
|
2
|
5
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|
Subchapter S Institutions
|
223
|
222
|
223
|
222
|
222
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|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.66
|
2.08
|
1.80
|
2.08
|
1.54
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|
ALLL/Total Loans (median %)
|
1.21
|
1.17
|
1.13
|
1.17
|
1.12
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ALLL/Noncurrent Loans (median multiple)
|
0.88
|
1.08
|
1.58
|
1.08
|
1.72
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Net Loan Losses / Total Loans (median %)
|
0.03
|
0.17
|
0.00
|
0.15
|
0.08
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
9.10
|
9.11
|
9.10
|
9.11
|
9.17
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Return on Assets (median %)
|
1.05
|
0.85
|
1.06
|
0.97
|
1.00
|
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Pretax Return on Assets (median %)
|
1.23
|
0.99
|
1.31
|
1.21
|
1.23
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Net Interest Margin (median %)
|
3.67
|
3.75
|
3.52
|
3.66
|
3.58
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Yield on Earning Assets (median %)
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5.63
|
5.98
|
6.43
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6.17
|
6.73
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Cost of Funding Earning Assets (median %)
|
2.00
|
2.24
|
2.90
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2.53
|
3.17
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Provisions to Avg. Assets (median %)
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0.12
|
0.27
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0.03
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0.16
|
0.07
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Noninterest Income to Avg. Assets (median %)
|
0.50
|
0.53
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0.52
|
0.54
|
0.55
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Overhead to Avg. Assets (median %)
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2.49
|
2.71
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2.48
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2.55
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2.51
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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 %)
|
66.5
|
67.9
|
66.7
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67.9
|
68.4
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Noncore Funding to Assets (median %)
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18.1
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19.4
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18.3
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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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17.1
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17.3
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16.6
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17.3
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15.6
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Brokered Deposits (number of institutions)
|
150
|
147
|
151
|
147
|
153
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Brokered Deposits to Assets (median % for those above)
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2.1
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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 Tier 1 Capital)
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Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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Commercial and Industrial
|
96.8
|
98.1
|
99.9
|
98.1
|
95.5
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Commercial Real Estate
|
109.5
|
113.0
|
108.9
|
113.0
|
108.6
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Construction & Development
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18.7
|
19.6
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20.2
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19.6
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20.2
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Multifamily Residential Real Estate
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3.1
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3.4
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3.1
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3.4
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3.0
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Nonresidential Real Estate
|
76.2
|
78.7
|
78.6
|
78.7
|
76.3
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Residential Real Estate
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135.3
|
140.5
|
137.7
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140.5
|
140.6
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Consumer
|
28.6
|
29.7
|
31.1
|
29.7
|
33.0
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Agriculture
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222.6
|
233.3
|
219.4
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233.3
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225.6
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BANKING PROFILE
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