Iowa - First 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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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.8%
|
0.6%
|
1.0%
|
0.8%
|
1.6%
|
|
Manufacturing (15%)
|
0.3%
|
-0.2%
|
-0.8%
|
-0.7%
|
0.9%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
0.2%
|
-1.2%
|
-4.2%
|
-2.6%
|
4.2%
|
|
Private Service-Producing (63%)
|
0.7%
|
0.8%
|
1.8%
|
1.4%
|
1.8%
|
|
Government (16%)
|
1.3%
|
1.2%
|
1.2%
|
1.1%
|
0.8%
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|
Unemployment Rate (% of labor force)
|
3.5%
|
3.8%
|
3.7%
|
3.8%
|
3.8%
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|
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Other Indicators
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Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
|
|
Single-Family Home Permits
|
-30.1%
|
-21.1%
|
-31.9%
|
-16.4%
|
-21.7%
|
|
Multifamily Building Permits
|
-29.9%
|
-54.2%
|
-3.1%
|
-16.3%
|
-28.2%
|
|
Home Price Index
|
2.8%
|
3.0%
|
3.6%
|
3.4%
|
3.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.35
|
2.30
|
2.01
|
2.27
|
1.58
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BANKING TRENDS
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General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
386
|
391
|
398
|
391
|
401
|
|
Total Assets (in millions)
|
61,092
|
59,608
|
56,713
|
59,608
|
56,560
|
|
New Institutions (# < 3 years)
|
4
|
5
|
5
|
5
|
5
|
|
Subchapter S Institutions
|
223
|
222
|
225
|
222
|
219
|
| |
|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.80
|
1.54
|
1.46
|
1.54
|
1.37
|
|
ALLL/Total Loans (median %)
|
1.13
|
1.12
|
1.15
|
1.12
|
1.17
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.57
|
1.72
|
2.08
|
1.72
|
2.49
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|
Net Loan Losses / Total Loans (median %)
|
0.00
|
0.05
|
0.00
|
0.08
|
0.03
|
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|
|
|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
9.11
|
9.17
|
9.40
|
9.17
|
9.33
|
|
Return on Assets (median %)
|
1.06
|
0.95
|
0.99
|
1.00
|
1.01
|
|
Pretax Return on Assets (median %)
|
1.31
|
1.20
|
1.17
|
1.24
|
1.24
|
|
Net Interest Margin (median %)
|
3.52
|
3.60
|
3.49
|
3.58
|
3.62
|
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Yield on Earning Assets (median %)
|
6.43
|
6.80
|
6.56
|
6.73
|
6.42
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Cost of Funding Earning Assets (median %)
|
2.90
|
3.21
|
3.08
|
3.17
|
2.80
|
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Provisions to Avg. Assets (median %)
|
0.03
|
0.05
|
0.04
|
0.07
|
0.07
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Noninterest Income to Avg. Assets (median %)
|
0.52
|
0.57
|
0.51
|
0.55
|
0.54
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Overhead to Avg. Assets (median %)
|
2.48
|
2.65
|
2.49
|
2.51
|
2.57
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|
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Liquidity / Sensitivity
|
Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
|
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Loans to Assets (median %)
|
66.7
|
68.4
|
68.4
|
68.4
|
68.1
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Noncore Funding to Assets (median %)
|
18.2
|
18.2
|
18.6
|
18.2
|
18.7
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Long-term Assets to Assets (median %, call filers)
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16.6
|
15.6
|
14.2
|
15.6
|
14.4
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|
Brokered Deposits (number of institutions)
|
151
|
153
|
155
|
153
|
152
|
|
Brokered Deposits to Assets (median % for those above)
|
2.0
|
2.3
|
2.7
|
2.3
|
2.9
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Commercial and Industrial
|
99.9
|
95.5
|
97.7
|
95.5
|
97.4
|
|
Commercial Real Estate
|
108.8
|
108.6
|
110.9
|
108.6
|
114.5
|
|
Construction & Development
|
20.2
|
20.2
|
18.0
|
20.2
|
19.6
|
|
Multifamily Residential Real Estate
|
3.1
|
3.0
|
3.2
|
3.0
|
3.1
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Nonresidential Real Estate
|
78.6
|
76.3
|
77.2
|
76.3
|
77.3
|
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Residential Real Estate
|
137.7
|
140.6
|
139.9
|
140.6
|
143.7
|
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Consumer
|
31.0
|
33.0
|
33.2
|
33.0
|
34.9
|
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Agriculture
|
219.4
|
225.6
|
230.3
|
225.6
|
218.6
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BANKING PROFILE
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