Minnesota at a Glance
|
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
|
Employment Growth Rates
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.4%
|
0.2%
|
-4.0%
|
-0.7%
|
-3.9%
|
|
Manufacturing (11%)
|
1.0%
|
0.1%
|
-12.0%
|
-2.6%
|
-10.6%
|
|
Other (non-manufacturing) Goods-Producing (4%)
|
-5.9%
|
-3.1%
|
-12.4%
|
-6.2%
|
-15.6%
|
|
Private Service-Producing (70%)
|
0.8%
|
0.5%
|
-2.8%
|
-0.2%
|
-2.8%
|
|
Government (16%)
|
-0.3%
|
-0.4%
|
-0.9%
|
-0.1%
|
-0.4%
|
|
Unemployment Rate (% of labor force)
|
7.0%
|
7.1%
|
7.9%
|
7.3%
|
8.1%
|
| |
|
|
|
|
|
|
Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-24.2%
|
-17.3%
|
18.2%
|
-1.5%
|
-18.4%
|
|
Multifamily Building Permits
|
65.5%
|
7.8%
|
50.9%
|
20.3%
|
1.5%
|
|
Home Price Index
|
-1.3%
|
-1.1%
|
-5.9%
|
-4.6%
|
-4.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
3.62
|
4.11
|
3.90
|
4.05
|
3.91
|
| |
|
|
|
|
|
|
BANKING TRENDS
|
|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
404
|
405
|
414
|
404
|
414
|
|
Total Assets (in millions)
|
61,291
|
61,183
|
62,237
|
61,291
|
62,237
|
|
New Institutions (# < 3 years)
|
1
|
1
|
5
|
1
|
5
|
|
Subchapter S Institutions
|
283
|
283
|
291
|
283
|
291
|
| |
|
|
|
|
|
|
Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.12
|
3.43
|
3.44
|
3.12
|
3.44
|
|
Noncurrent Loans / Total Loans (median %)
|
1.89
|
2.15
|
1.94
|
1.89
|
1.94
|
|
ALLL/Total Loans (median %)
|
1.61
|
1.62
|
1.50
|
1.61
|
1.50
|
|
ALLL/Noncurrent Loans (median multiple)
|
0.80
|
0.72
|
0.71
|
0.80
|
0.71
|
|
Net Loan Losses / Total Loans (median %)
|
0.55
|
0.32
|
0.62
|
0.54
|
0.63
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
9.16
|
9.23
|
9.12
|
9.16
|
9.12
|
|
Return on Assets (median %)
|
0.52
|
0.75
|
0.29
|
0.65
|
0.54
|
|
Pretax Return on Assets (median %)
|
0.58
|
0.87
|
0.34
|
0.72
|
0.64
|
|
Net Interest Margin (median %)
|
4.03
|
4.10
|
4.01
|
4.04
|
4.00
|
|
Yield on Earning Assets (median %)
|
5.26
|
5.44
|
5.69
|
5.41
|
5.79
|
|
Cost of Funding Earning Assets (median %)
|
1.20
|
1.33
|
1.63
|
1.33
|
1.79
|
|
Provisions to Avg. Assets (median %)
|
0.34
|
0.29
|
0.60
|
0.40
|
0.53
|
|
Noninterest Income to Avg. Assets (median %)
|
0.45
|
0.44
|
0.49
|
0.44
|
0.51
|
|
Overhead to Avg. Assets (median %)
|
3.21
|
3.01
|
3.21
|
3.06
|
3.09
|
| |
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Net Loans to Assets (median %)
|
64.8
|
67.0
|
68.1
|
64.8
|
68.1
|
|
Noncore Funding to Assets (median %)
|
16.2
|
17.0
|
18.2
|
16.2
|
18.2
|
|
Long-term Assets to Assets (median %, call filers)
|
14.1
|
14.0
|
12.3
|
14.1
|
12.3
|
|
Brokered Deposits (number of institutions)
|
176
|
177
|
182
|
176
|
182
|
|
Brokered Deposits to Assets (median % for those above)
|
4.3
|
4.8
|
5.9
|
4.3
|
5.9
|
| |
|
|
|
|
|
|
Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Commercial and Industrial
|
87.4
|
91.5
|
95.6
|
87.4
|
95.6
|
|
Commercial Real Estate
|
170.8
|
177.2
|
181.9
|
170.8
|
181.9
|
|
Construction & Development
|
19.5
|
21.1
|
26.9
|
19.5
|
26.9
|
|
Multifamily Residential Real Estate
|
4.0
|
3.9
|
4.4
|
4.0
|
4.4
|
|
Nonresidential Real Estate
|
126.3
|
135.2
|
138.0
|
126.3
|
138.0
|
|
Residential Real Estate
|
142.5
|
143.8
|
145.6
|
142.5
|
145.6
|
|
Consumer
|
28.0
|
28.9
|
31.0
|
28.0
|
31.0
|
|
Agriculture
|
76.0
|
79.8
|
83.2
|
76.0
|
83.2
|
| |
|
|
|
|
|
|
BANKING PROFILE
|
