| Table 13 - Operating Performance Measures of Community Banks in Great Plains Depopulating Counties, by Segment, 1999-2003 |
| Statistics |
High Growth/High Earnings Banks |
Low Growth/High Earnings Banks |
Middle Cross Banks |
High Growth/Low Earnings Banks |
Low Growth/Low Earnings Banks |
| Equity Capital Ratio (year-end 2003, %) |
11.22 |
13.07 |
11.26 |
9.32 |
11.38 |
| Growth Rates (1999-2003, annualized %) |
| Assets |
7.47 |
0.56 |
3.99 |
9.10 |
-0.80 |
| Loans |
9.21 |
2.30 |
5.31 |
9.82 |
0.55 |
| Deposits |
6.64 |
0.27 |
3.16 |
8.63 |
-1.08 |
| Core Deposits |
5.89 |
0.41 |
2.60 |
8.03 |
-0.80 |
| NonCore Funding |
15.43 |
1.15 |
11.32 |
14.78 |
-1.23 |
| Branching Characteristics (% of institutions) |
| Unit Banks |
38.78 |
70.45 |
53.57 |
34.69 |
65.57 |
| Multibranch—all in HQ county |
14.29 |
20.45 |
13.93 |
16.33 |
19.67 |
| Multibranch—some branches in metro counties |
6.12 |
2.27 |
8.93 |
16.33 |
4.92 |
| Multibranch—no metro branches but some in growing counties |
18.37 |
0.00 |
8.21 |
10.20 |
4.92 |
| Multibranch—but only in depopulating counties |
22.45 |
6.82 |
15.36 |
22.45 |
4.92 |
| Earnings Ratios (1999-2003, annualized %) |
| Pretax Return on Assets |
1.96 |
1.90 |
1.44 |
0.76 |
0.64 |
| Net Interest Margin |
4.49 |
4.28 |
4.15 |
4.07 |
3.87 |
| Yield on Earning Assets |
7.53 |
7.03 |
7.13 |
7.25 |
6.97 |
| Yield on Total Loans |
8.53 |
8.49 |
8.42 |
8.41 |
8.40 |
| Cost of Funds |
3.19 |
2.94 |
3.12 |
3.21 |
3.22 |
| Noninterest Income/Average Assets |
0.68 |
0.52 |
0.56 |
0.65 |
0.59 |
| Noninterest Expense/Average Assets |
2.67 |
2.48 |
2.74 |
3.25 |
3.18 |
| Salaries and Benefits Expense |
1.55 |
1.48 |
1.59 |
1.83 |
1.84 |
| Premises Expense |
0.32 |
0.29 |
0.34 |
0.46 |
0.41 |
| Other Noninterest Expense |
0.79 |
0.71 |
0.81 |
0.96 |
0.92 |
| Provision for Loan Losses/Average Assets |
0.20 |
0.07 |
0.20 |
0.35 |
0.34 |
| Asset Quality Ratios (1999-2003, annualized %) |
| Past-Due and Nonaccrual Loans/Total Loans |
2.21 |
2.47 |
2.78 |
3.25 |
3.75 |
| Charged-Off Loans/Total Loans |
0.21 |
0.13 |
0.31 |
0.44 |
0.55 |
| Asset Composition (1999-2003, annualized %) |
| Earning Assets |
92.06 |
92.02 |
91.84 |
90.80 |
91.36 |
| Total Loans |
64.68 |
53.85 |
56.16 |
61.19 |
52.21 |
| Securities |
23.87 |
31.03 |
31.05 |
25.06 |
31.77 |
| Loan Composition (1999-2003, annualized %) |
| Agricultural (RE secured and operating) |
45.75 |
59.81 |
51.54 |
45.75 |
47.99 |
| Commercial and Industrial (not RE secured) |
16.45 |
12.06 |
14.67 |
16.45 |
15.12 |
| 1-4 Family Residential (all liens) |
15.33 |
10.13 |
12.72 |
12.95 |
14.99 |
| Commercial Real Estate |
10.60 |
7.25 |
9.72 |
11.69 |
9.54 |
| Consumer |
10.21 |
8.61 |
9.59 |
11.66 |
11.01 |
Notes: Branch data are as of June 30, 2003.
Growth rates are merger-adjusted.
"Commercial Real Estate" loans consist of nonresidential real estate, construction and development, and multifamily housing loans.
Source: Bank and Thrift Call Reports, institutions meeting the following descriptives:
1. December 31, 2003 total assets of $250 million or less;
2. established in 1993 or earlier; and
3. headquartered in rural counties in the Great Plains that have declining populations since 1970.
|
