1994–1997

1997–2000

Urban
markets

Rural
markets

Urban
markets

Rural
markets

Measures of local consolidation activity (CA)

Overall CA

Beginning-of-period (BOP) share of local small business lending (SBL) acquired during the study period

19.30

15.77

23.08

18.48

Within-mkt CA

BOP share of SBL acquired by organizations already operating in the market

7.88

2.49

8.43

3.13

Big acq big CA

BOP share of SBL held by large organizations that were acquired by other large organizations

10.99

7.52

14.59

9.97

Big acq CB CA

BOP share of SBL held by community banks that were acquired by large organizations

5.80

4.93

6.17

5.44

CB CA

BOP share of SBL held by community banks that were acquired by other community banks

2.52

3.33

2.32

3.06

Small business loan (SBL) growth measures (in 2000 dollars)

Total SBL

The ratio of end-of-period (EOP) total SBL to pro forma BOP total SBL 

9.86

12.51

16.34

18.98

<$100K SBL

The ratio of  EOP SBL of less than $100,000 to pro forma BOP total SBL

0.82

0.36

-0.57

0.22

>$100K SBL

The ratio of EOP SBL of $100,000-$1,000,000 to pro forma BOP total SBL

9.04

12.15

16.92

18.76

CRE SBL

The ratio of EOP small CRE loans to pro forma BOP total SBL

3.53

5.45

8.94

12.04

C&I SBL

The ratio of EOP small C&I to pro forma BOP total SBL

6.33

7.05

7.40

6.94

Banking market characteristics and deposit growth

CB SBL mkt share

BOP share of SBL held by community banks

40.82

60.55

39.48

59.14

Number of banks

Number of banking organizations having branches in the market, BOP

21.81

7.98

21.08

8.05

Deposit Herfendahl

Herfendahl index of deposit market (out of 10,000), BOP

1,627.70

2,262.40

1,626.40

2,239.40

Offices per capita

Offices per 10,000 persons, BOP

3.02

4.15

3.03

4.17

Deposits per capita 

Deposits per capita, BOP (in 10,000s of 2000 dollars)

1.16

1.19

1.13

1.17

Deposit growth lagged

Deposit growth during the 3 years before the current period (in 2000 dollars)

-8.44

-5.49

1.76

1.21

Deposit growth current

Deposit growth in the current 3-year period (in 2000 dollars)

1.76

1.21

4.77

2.03

Thrift deposit share

Share of the deposit market held by thrifts, BOP

17.81

14.90

14.49

11.99

Local economic variables

Population lagged

Population (10,000s) beginning of prior 3-year period

41.38

4.33

43.24

4.49

Pop. growth lagged

Population growth during the 3 years prior to the current period

4.52

3.67

3.47

3.11

Pop. growth current

Population growth in the current 3-year period

3.47

3.11

2.93

2.04

Per cap income lagged:

Income per capita, beginning of prior 3-year period (in 10,000s of 2000 dollars)

2.41

2.05

2.51

2.13

PC income growth lagged

Per capita income growth during the 3 years before the current period (in 2000 dollars)

3.57

4.59

4.30

4.07

PC income growth current

Per capita income growth in the current 3-year period (in 2000 dollars)

4.30

4.07

5.97

4.60

UE rate lagged

Unemployment rate (%) beginning of prior 3-year period

6.37

6.68

5.35

5.96

UE rate change lagged

Change in the UE rate during the 3 years before the current period

-0.64

-1.16

-1.02

-0.72

UE rate change current

Change in the UE rate in the current 3-year period

-1.02

-0.72

-0.88

-0.91

House price index chg.lagged

Change in the median housing price index during the 3-year period  before the current period

11.86

11.89

9.91

11.95

House price index chg current

Change in the median housing price index in the current 3-year period

9.91

11.95

15.70

17.53

Bldg permits % chg lagged

Percentage change in the number of building permits during the previous 3-year period lagged

33.35

31.89

1.41

5.25

Bldg permits % chg current

Percentage change in the number of building permits during the previous 3-year period

1.41

5.25

16.72

9.47

Memo item: number of markets

292

760

292

760