Mississippi 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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Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.6%
|
-0.2%
|
-4.3%
|
-0.6%
|
-4.5%
|
|
Manufacturing (12%)
|
-2.6%
|
-2.7%
|
-10.1%
|
-3.7%
|
-11.7%
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|
Other (non-manufacturing) Goods-Producing (5%)
|
2.9%
|
-1.1%
|
-16.7%
|
-3.4%
|
-14.8%
|
|
Private Service-Producing (59%)
|
1.8%
|
0.8%
|
-3.3%
|
0.2%
|
-3.6%
|
|
Government (23%)
|
-1.0%
|
-1.1%
|
0.1%
|
-0.3%
|
0.7%
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Unemployment Rate (% of labor force)
|
10.2%
|
10.1%
|
10.7%
|
10.4%
|
9.6%
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Other Indicators
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Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-20.9%
|
-29.2%
|
20.0%
|
-17.6%
|
-19.7%
|
|
Multifamily Building Permits
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1332.0%
|
-9.6%
|
-95.5%
|
-48.9%
|
-52.2%
|
|
Home Price Index
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-2.5%
|
-1.4%
|
-2.0%
|
-2.9%
|
-1.1%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
4.54
|
4.73
|
4.80
|
4.68
|
4.81
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BANKING TRENDS
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General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
91
|
91
|
94
|
91
|
94
|
|
Total Assets (in millions)
|
59,204
|
59,551
|
58,552
|
59,204
|
58,552
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
1
|
|
Subchapter S Institutions
|
26
|
26
|
27
|
26
|
27
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|
|
|
|
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Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
3.75
|
4.13
|
3.89
|
3.75
|
3.89
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|
Noncurrent Loans / Total Loans (median %)
|
1.21
|
1.54
|
1.52
|
1.21
|
1.52
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|
ALLL/Total Loans (median %)
|
1.49
|
1.47
|
1.48
|
1.49
|
1.48
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|
ALLL/Noncurrent Loans (median multiple)
|
1.14
|
1.01
|
0.90
|
1.14
|
0.90
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Net Loan Losses / Total Loans (median %)
|
0.48
|
0.35
|
0.58
|
0.50
|
0.42
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
10.16
|
10.12
|
9.84
|
10.16
|
9.84
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Return on Assets (median %)
|
0.66
|
0.84
|
0.40
|
0.74
|
0.70
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Pretax Return on Assets (median %)
|
0.75
|
1.05
|
0.42
|
0.92
|
0.86
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Net Interest Margin (median %)
|
4.01
|
4.11
|
4.04
|
4.01
|
4.04
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Yield on Earning Assets (median %)
|
5.20
|
5.44
|
5.62
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5.28
|
5.71
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Cost of Funding Earning Assets (median %)
|
1.21
|
1.29
|
1.60
|
1.33
|
1.75
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Provisions to Avg. Assets (median %)
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0.36
|
0.25
|
0.46
|
0.31
|
0.37
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Noninterest Income to Avg. Assets (median %)
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0.81
|
0.82
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0.83
|
0.77
|
0.79
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Overhead to Avg. Assets (median %)
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3.33
|
3.27
|
3.40
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3.28
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3.24
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Liquidity / Sensitivity
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Q4-10
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Q3-10
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Q4-09
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2010
|
2009
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Net Loans to Assets (median %)
|
62.9
|
63.1
|
63.8
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62.9
|
63.8
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Noncore Funding to Assets (median %)
|
25.3
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26.1
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26.7
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25.3
|
26.7
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Long-term Assets to Assets (median %, call filers)
|
18.0
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15.9
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16.3
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18.0
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16.3
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Brokered Deposits (number of institutions)
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31
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32
|
37
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31
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37
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Brokered Deposits to Assets (median % for those above)
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1.6
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1.8
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2.4
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1.6
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2.4
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q4-10
|
Q3-10
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Q4-09
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2010
|
2009
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Commercial and Industrial
|
58.8
|
63.1
|
64.6
|
58.8
|
64.6
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Commercial Real Estate
|
204.8
|
211.2
|
224.4
|
204.8
|
224.4
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Construction & Development
|
48.9
|
47.7
|
50.8
|
48.9
|
50.8
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Multifamily Residential Real Estate
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4.9
|
4.8
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5.1
|
4.9
|
5.1
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Nonresidential Real Estate
|
148.1
|
141.8
|
146.9
|
148.1
|
146.9
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Residential Real Estate
|
166.7
|
167.0
|
169.6
|
166.7
|
169.6
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Consumer
|
45.9
|
45.3
|
51.4
|
45.9
|
51.4
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Agriculture
|
31.8
|
36.6
|
37.1
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31.8
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37.1
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BANKING PROFILE
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