Missouri - 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
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Q2-07
|
2007
|
2006
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-0.1%
|
0.3%
|
0.8%
|
0.8%
|
1.4%
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Manufacturing (11%)
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-3.7%
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-3.7%
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-2.3%
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-2.4%
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-0.6%
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Other (non-manufacturing) Goods-Producing (5%)
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-1.0%
|
1.5%
|
0.0%
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0.2%
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3.2%
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Private Service-Producing (68%)
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0.2%
|
0.8%
|
1.2%
|
1.2%
|
1.7%
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Government (16%)
|
1.1%
|
0.7%
|
1.5%
|
1.3%
|
1.0%
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Unemployment Rate (% of labor force)
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5.6%
|
5.5%
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4.8%
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5.0%
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4.8%
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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
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-47.7%
|
-42.5%
|
-19.2%
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-24.8%
|
-24.6%
|
|
Multifamily Building Permits
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-17.6%
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-16.9%
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-21.0%
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-38.4%
|
36.4%
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Home Price Index
|
0.9%
|
1.7%
|
3.7%
|
3.0%
|
4.7%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.29
|
3.68
|
3.68
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3.55
|
2.67
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BANKING TRENDS
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General Information
|
Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
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|
Institutions (#)
|
357
|
358
|
364
|
361
|
368
|
|
Total Assets (in millions)
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117,722
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115,771
|
108,945
|
114,429
|
106,914
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New Institutions (# < 3 years)
|
13
|
13
|
15
|
13
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15
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Subchapter S Institutions
|
121
|
120
|
117
|
117
|
111
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|
|
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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 %)
|
2.24
|
2.42
|
1.70
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2.23
|
1.67
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|
ALLL/Total Loans (median %)
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1.25
|
1.24
|
1.20
|
1.23
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1.20
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ALLL/Noncurrent Loans (median multiple)
|
1.23
|
1.27
|
1.82
|
1.53
|
2.42
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Net Loan Losses / Total Loans (median %)
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0.10
|
0.07
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0.04
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0.13
|
0.08
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Capital / Earnings
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Q2-08
|
Q1-08
|
Q2-07
|
2007
|
2006
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Tier 1 Leverage (median %)
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9.33
|
9.30
|
9.44
|
9.35
|
9.45
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Return on Assets (median %)
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0.81
|
0.91
|
0.97
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0.89
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0.99
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Pretax Return on Assets (median %)
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1.11
|
1.13
|
1.31
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1.16
|
1.31
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Net Interest Margin (median %)
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3.77
|
3.75
|
3.95
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3.91
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4.04
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Yield on Earning Assets (median %)
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6.40
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6.79
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7.21
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7.20
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6.87
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Cost of Funding Earning Assets (median %)
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2.67
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3.03
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3.31
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3.30
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2.83
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Provisions to Avg. Assets (median %)
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0.15
|
0.08
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0.09
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0.13
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0.13
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Noninterest Income to Avg. Assets (median %)
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0.62
|
0.62
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0.64
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0.64
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0.62
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Overhead to Avg. Assets (median %)
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2.79
|
2.83
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2.83
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2.87
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2.87
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Liquidity / Sensitivity
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Q2-08
|
Q1-08
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Q2-07
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2007
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2006
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Loans to Assets (median %)
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71.6
|
71.0
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71.8
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71.5
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71.6
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Noncore Funding to Assets (median %)
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21.7
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21.1
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20.2
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20.6
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20.4
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Long-term Assets to Assets (median %, call filers)
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11.7
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11.2
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8.2
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9.6
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7.8
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Brokered Deposits (number of institutions)
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125
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122
|
125
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119
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124
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Brokered Deposits to Assets (median % for those above)
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2.3
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2.6
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2.8
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3.2
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3.4
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Loan Concentrations (median % of Tier 1 Capital)
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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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Commercial and Industrial
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80.1
|
78.1
|
78.5
|
77.8
|
80.5
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Commercial Real Estate
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227.6
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229.9
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232.5
|
235.8
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222.1
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Construction & Development
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50.3
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53.2
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53.9
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54.3
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49.8
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Multifamily Residential Real Estate
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6.0
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5.7
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5.4
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5.3
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4.6
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Nonresidential Real Estate
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158.9
|
153.4
|
154.5
|
159.3
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151.9
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Residential Real Estate
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209.3
|
203.9
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204.7
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208.6
|
199.9
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Consumer
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36.8
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36.9
|
38.5
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38.5
|
39.4
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Agriculture
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79.7
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73.4
|
73.5
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71.7
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75.2
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BANKING PROFILE
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