South Dakota 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
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-0.7%
|
0.7%
|
2.0%
|
1.2%
|
2.0%
|
|
Manufacturing (10%)
|
-5.7%
|
0.2%
|
1.4%
|
1.3%
|
1.2%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
-5.9%
|
-2.0%
|
4.1%
|
0.6%
|
1.8%
|
|
Private Service-Producing (66%)
|
-0.1%
|
1.0%
|
2.2%
|
1.4%
|
2.6%
|
|
Government (19%)
|
1.3%
|
0.9%
|
0.8%
|
0.7%
|
0.2%
|
|
Unemployment Rate (% of labor force)
|
4.6%
|
3.4%
|
2.7%
|
3.0%
|
2.9%
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| |
|
|
|
|
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Other Indicators
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Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Single-Family Home Permits
|
-41.8%
|
-52.7%
|
-35.4%
|
-19.8%
|
-14.3%
|
|
Multifamily Building Permits
|
228.1%
|
16.0%
|
-52.9%
|
-10.2%
|
-10.5%
|
|
Home Price Index
|
2.3%
|
2.8%
|
4.4%
|
3.5%
|
4.6%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.86
|
1.68
|
1.57
|
1.72
|
1.60
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|
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BANKING TRENDS
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|
General Information
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Institutions (#)
|
86
|
87
|
89
|
87
|
89
|
|
Total Assets (in millions)
|
657,495
|
653,166
|
591,625
|
653,166
|
571,576
|
|
New Institutions (# < 3 years)
|
1
|
1
|
2
|
1
|
2
|
|
Subchapter S Institutions
|
40
|
39
|
39
|
39
|
40
|
| |
|
|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.08
|
1.77
|
2.33
|
1.77
|
1.59
|
|
ALLL/Total Loans (median %)
|
1.38
|
1.26
|
1.29
|
1.26
|
1.30
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.92
|
1.58
|
1.87
|
1.58
|
2.21
|
|
Net Loan Losses / Total Loans (median %)
|
0.03
|
0.10
|
0.00
|
0.15
|
0.10
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|
|
|
|
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Tier 1 Leverage (median %)
|
10.24
|
10.14
|
10.41
|
10.14
|
10.40
|
|
Return on Assets (median %)
|
0.89
|
0.72
|
1.27
|
1.01
|
1.26
|
|
Pretax Return on Assets (median %)
|
1.31
|
0.93
|
1.44
|
1.29
|
1.55
|
|
Net Interest Margin (median %)
|
4.11
|
4.16
|
4.28
|
4.18
|
4.49
|
|
Yield on Earning Assets (median %)
|
6.04
|
6.45
|
7.07
|
6.72
|
7.62
|
|
Cost of Funding Earning Assets (median %)
|
1.92
|
2.29
|
2.86
|
2.53
|
3.19
|
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Provisions to Avg. Assets (median %)
|
0.11
|
0.19
|
0.00
|
0.14
|
0.08
|
|
Noninterest Income to Avg. Assets (median %)
|
0.55
|
0.74
|
0.58
|
0.61
|
0.63
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Overhead to Avg. Assets (median %)
|
2.84
|
3.05
|
2.97
|
3.04
|
3.12
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|
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Liquidity / Sensitivity
|
Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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|
Loans to Assets (median %)
|
68.7
|
69.1
|
68.5
|
69.1
|
70.6
|
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Noncore Funding to Assets (median %)
|
20.9
|
20.6
|
18.9
|
20.6
|
17.3
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Long-term Assets to Assets (median %, call filers)
|
16.1
|
14.6
|
14.1
|
14.6
|
13.2
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Brokered Deposits (number of institutions)
|
31
|
30
|
28
|
30
|
30
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|
Brokered Deposits to Assets (median % for those above)
|
5.4
|
4.0
|
3.8
|
4.0
|
2.9
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|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
|
|
Commercial and Industrial
|
89.2
|
93.5
|
89.5
|
93.5
|
90.6
|
|
Commercial Real Estate
|
79.6
|
67.6
|
63.1
|
67.6
|
54.2
|
|
Construction & Development
|
9.8
|
12.2
|
10.5
|
12.2
|
11.3
|
|
Multifamily Residential Real Estate
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
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Nonresidential Real Estate
|
45.4
|
43.7
|
37.1
|
43.7
|
35.2
|
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Residential Real Estate
|
39.6
|
43.3
|
36.9
|
43.3
|
37.0
|
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Consumer
|
37.8
|
40.6
|
39.5
|
40.6
|
39.8
|
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Agriculture
|
260.3
|
259.6
|
235.2
|
259.6
|
236.8
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BANKING PROFILE
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