Utah 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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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-3.4%
|
-2.1%
|
0.5%
|
0.2%
|
4.1%
|
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Manufacturing (10%)
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-10.3%
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-8.1%
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-0.7%
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-1.6%
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4.0%
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Other (non-manufacturing) Goods-Producing (8%)
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-14.7%
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-12.4%
|
-9.9%
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-9.8%
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9.0%
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Private Service-Producing (65%)
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-2.6%
|
-1.3%
|
1.8%
|
1.2%
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4.2%
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Government (17%)
|
3.0%
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3.2%
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2.1%
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2.5%
|
1.2%
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Unemployment Rate (% of labor force)
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5.4%
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5.0%
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3.3%
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3.4%
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2.7%
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Other Indicators
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Single-Family Home Permits
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-22.3%
|
-46.2%
|
-51.9%
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-54.7%
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-25.7%
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Multifamily Building Permits
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30.9%
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120.9%
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29.8%
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16.4%
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-2.0%
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Home Price Index
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-6.4%
|
-4.3%
|
1.0%
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-0.2%
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12.5%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.24
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4.32
|
3.20
|
3.30
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2.35
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BANKING TRENDS
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General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
65
|
67
|
70
|
69
|
68
|
|
Total Assets (in millions)
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381,371
|
370,348
|
372,807
|
514,896
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365,884
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New Institutions (# < 3 years)
|
4
|
4
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8
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5
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6
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Subchapter S Institutions
|
9
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10
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11
|
10
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10
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|
|
|
|
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Asset Quality
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Past-Due and Nonaccrual Loans / Total Loans (median %)
|
5.27
|
5.43
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2.76
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4.69
|
2.79
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Noncurrent Loans / Total Loans (median %)
|
3.84
|
3.36
|
1.75
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2.23
|
0.94
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ALLL/Total Loans (median %)
|
1.96
|
1.90
|
1.57
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1.75
|
1.41
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ALLL/Noncurrent Loans (median multiple)
|
0.66
|
0.59
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0.84
|
0.78
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1.55
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Net Loan Losses / Total Loans (median %)
|
2.27
|
1.15
|
0.24
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1.02
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0.11
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Capital / Earnings
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Q2-09
|
Q1-09
|
Q2-08
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2008
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2007
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Tier 1 Leverage (median %)
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11.80
|
11.51
|
11.96
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12.23
|
11.75
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Return on Assets (median %)
|
0.46
|
0.24
|
1.06
|
0.55
|
1.74
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Pretax Return on Assets (median %)
|
0.75
|
0.26
|
1.40
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0.80
|
2.59
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Net Interest Margin (median %)
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3.98
|
3.69
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4.43
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4.47
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6.11
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Yield on Earning Assets (median %)
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5.98
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5.96
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7.19
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7.14
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8.58
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Cost of Funding Earning Assets (median %)
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2.11
|
2.31
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2.53
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2.77
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3.31
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Provisions to Avg. Assets (median %)
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1.69
|
1.49
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0.74
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1.18
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0.28
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Noninterest Income to Avg. Assets (median %)
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0.58
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0.57
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0.66
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0.64
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0.67
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Overhead to Avg. Assets (median %)
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3.37
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3.14
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3.32
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3.29
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3.19
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
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2007
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Net Loans to Assets (median %)
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69.7
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71.3
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76.1
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72.2
|
77.9
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Noncore Funding to Assets (median %)
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40.7
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41.2
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35.0
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37.3
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26.9
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Long-term Assets to Assets (median %, call filers)
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4.5
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4.8
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5.4
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5.5
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3.9
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Brokered Deposits (number of institutions)
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50
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50
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52
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52
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50
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Brokered Deposits to Assets (median % for those above)
|
31.0
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34.1
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31.1
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30.9
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25.8
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Commercial and Industrial
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92.4
|
90.0
|
63.8
|
68.8
|
62.7
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Commercial Real Estate
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79.1
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60.2
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67.2
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108.3
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99.6
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Construction & Development
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23.4
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9.3
|
18.5
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16.7
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23.9
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Multifamily Residential Real Estate
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0.2
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0.1
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0.1
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0.1
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0.1
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Nonresidential Real Estate
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41.8
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35.1
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27.8
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40.2
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28.6
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Residential Real Estate
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26.8
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15.6
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13.2
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15.9
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19.6
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Consumer
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10.4
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9.4
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8.1
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9.2
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11.0
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Agriculture
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0.0
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0.0
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0.0
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0.0
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0.0
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BANKING PROFILE
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