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FDIC State Profiles
 

Iowa at a Glance

ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q1-09 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%
  Other (non-manufacturing) Goods-Producing (5%) -3.6% -1.0% -1.1% 0.4% -2.3%
  Private Service-Producing (64%) -0.6% -0.5% 1.1% 0.3% 1.6%
  Government (17%) 0.7% 1.3% 1.0% 1.2% 1.1%
Unemployment Rate (% of labor force) 5.0% 4.3% 3.9% 4.1% 3.7%
           
Other Indicators Q1-09 Q4-08 Q1-08 2008 2007
Single-Family Home Permits -36.5% -38.7% -30.1% -33.6% -16.4%
Multifamily Building Permits -81.8% 100.2% -29.9% -9.4% -16.3%
Home Price Index 0.8% 0.8% 2.6% 1.5% 3.0%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 2.92 2.64 2.36 2.59 2.28
           
BANKING TRENDS
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
New Institutions (# < 3 years) 1 2 4 2 5
Subchapter S Institutions 223 222 223 222 222
           
Asset Quality Q1-09 Q4-08 Q1-08 2008 2007
Past-Due and Nonaccrual Loans / Total Loans (median %) 2.66 2.08 1.80 2.08 1.54
ALLL/Total Loans (median %) 1.21 1.17 1.13 1.17 1.12
ALLL/Noncurrent Loans (median multiple) 0.88 1.08 1.58 1.08 1.72
Net Loan Losses / Total Loans (median %) 0.03 0.17 0.00 0.15 0.08
           
Capital / Earnings Q1-09 Q4-08 Q1-08 2008 2007
Tier 1 Leverage (median %) 9.10 9.11 9.10 9.11 9.17
Return on Assets (median %) 1.05 0.85 1.06 0.97 1.00
Pretax Return on Assets (median %) 1.23 0.99 1.31 1.21 1.23
Net Interest Margin (median %) 3.67 3.75 3.52 3.66 3.58
Yield on Earning Assets (median %) 5.63 5.98 6.43 6.17 6.73
Cost of Funding Earning Assets (median %) 2.00 2.24 2.90 2.53 3.17
Provisions to Avg. Assets (median %) 0.12 0.27 0.03 0.16 0.07
Noninterest Income to Avg. Assets (median %) 0.50 0.53 0.52 0.54 0.55
Overhead to Avg. Assets (median %) 2.49 2.71 2.48 2.55 2.51
           
Liquidity / Sensitivity Q1-09 Q4-08 Q1-08 2008 2007
Loans to Assets (median %) 66.5 67.9 66.7 67.9 68.4
Noncore Funding to Assets (median %) 18.1 19.4 18.3 19.4 18.6
Long-term Assets to Assets (median %, call filers) 17.1 17.3 16.6 17.3 15.6
Brokered Deposits (number of institutions) 150 147 151 147 153
  Brokered Deposits to Assets (median % for those above) 2.1 2.1 2.0 2.1 2.3
           
Loan Concentrations (median % of Tier 1 Capital) Q1-09 Q4-08 Q1-08 2008 2007
Commercial and Industrial 96.8 98.1 99.9 98.1 95.5
Commercial Real Estate 109.5 113.0 108.9 113.0 108.6
  Construction & Development 18.7 19.6 20.2 19.6 20.2
  Multifamily Residential Real Estate 3.1 3.4 3.1 3.4 3.0
  Nonresidential Real Estate 76.2 78.7 78.6 78.7 76.3
Residential Real Estate 135.3 140.5 137.7 140.5 140.6
Consumer 28.6 29.7 31.1 29.7 33.0
Agriculture 222.6 233.3 219.4 233.3 225.6
           
BANKING PROFILE
Largest Deposit Markets (from 2008 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Omaha-Council Bluffs, NE-IA 75 17,056   < $250 million 322 (85.6% )
Des Moines, IA 51 12,215   $250 million to $1 billion 46 (12.2% )
Davenport-Moline-Rock Island, IA-IL 41 6,330   $1 billion to $10 billion 8 (2.1% )
Cedar Rapids, IA 44 4,460   > $10 billion 0 (0% )
Sioux City, IA-NE-SD 35 2,507  
           
 
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