South Dakota at a Glance
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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)
|
0.8%
|
0.3%
|
-2.3%
|
-0.2%
|
-1.9%
|
|
Manufacturing (9%)
|
2.7%
|
1.6%
|
-14.0%
|
-2.1%
|
-11.6%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-1.1%
|
-3.0%
|
-6.5%
|
-4.1%
|
-6.5%
|
|
Private Service-Producing (66%)
|
0.6%
|
0.3%
|
-1.3%
|
0.0%
|
-1.1%
|
|
Government (20%)
|
0.9%
|
0.7%
|
1.7%
|
1.2%
|
2.1%
|
|
Unemployment Rate (% of labor force)
|
4.7%
|
4.6%
|
5.1%
|
4.8%
|
4.9%
|
| |
|
|
|
|
|
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Other Indicators
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Single-Family Home Permits
|
-19.1%
|
-23.2%
|
60.2%
|
-7.0%
|
-15.6%
|
|
Multifamily Building Permits
|
-73.8%
|
-2.1%
|
6.4%
|
-32.7%
|
-14.4%
|
|
Home Price Index
|
1.2%
|
0.3%
|
-0.8%
|
-0.7%
|
0.9%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.15
|
2.32
|
2.07
|
2.36
|
2.17
|
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|
|
|
|
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BANKING TRENDS
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|
General Information
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Institutions (#)
|
83
|
84
|
84
|
83
|
84
|
|
Total Assets (in millions)
|
1,287,792
|
1,256,950
|
745,996
|
1,287,792
|
745,996
|
|
New Institutions (# < 3 years)
|
0
|
1
|
1
|
0
|
1
|
|
Subchapter S Institutions
|
39
|
39
|
38
|
39
|
38
|
| |
|
|
|
|
|
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Asset Quality
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.19
|
2.06
|
2.16
|
2.19
|
2.16
|
|
Noncurrent Loans / Total Loans (median %)
|
1.14
|
1.63
|
0.90
|
1.14
|
0.90
|
|
ALLL/Total Loans (median %)
|
1.49
|
1.49
|
1.47
|
1.49
|
1.47
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.07
|
0.98
|
1.13
|
1.07
|
1.13
|
|
Net Loan Losses / Total Loans (median %)
|
0.20
|
0.11
|
0.25
|
0.22
|
0.35
|
| |
|
|
|
|
|
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Capital / Earnings
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Tier 1 Leverage (median %)
|
10.11
|
10.49
|
9.95
|
10.11
|
9.95
|
|
Return on Assets (median %)
|
0.91
|
1.18
|
0.87
|
0.89
|
0.75
|
|
Pretax Return on Assets (median %)
|
1.01
|
1.43
|
0.99
|
1.20
|
1.01
|
|
Net Interest Margin (median %)
|
4.11
|
4.27
|
4.23
|
4.09
|
4.13
|
|
Yield on Earning Assets (median %)
|
5.41
|
5.82
|
5.97
|
5.60
|
5.99
|
|
Cost of Funding Earning Assets (median %)
|
1.36
|
1.42
|
1.59
|
1.46
|
1.78
|
|
Provisions to Avg. Assets (median %)
|
0.09
|
0.14
|
0.25
|
0.24
|
0.38
|
|
Noninterest Income to Avg. Assets (median %)
|
0.60
|
0.55
|
0.58
|
0.55
|
0.57
|
|
Overhead to Avg. Assets (median %)
|
3.11
|
2.96
|
3.17
|
3.00
|
2.99
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|
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Liquidity / Sensitivity
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Net Loans to Assets (median %)
|
64.0
|
66.0
|
65.8
|
64.0
|
65.8
|
|
Noncore Funding to Assets (median %)
|
18.5
|
19.9
|
20.6
|
18.5
|
20.6
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Long-term Assets to Assets (median %, call filers)
|
19.9
|
18.9
|
17.9
|
19.9
|
17.9
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Brokered Deposits (number of institutions)
|
33
|
33
|
34
|
33
|
34
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|
Brokered Deposits to Assets (median % for those above)
|
3.9
|
4.9
|
5.6
|
3.9
|
5.6
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|
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-10
|
Q3-10
|
Q4-09
|
2010
|
2009
|
|
Commercial and Industrial
|
76.3
|
81.8
|
82.0
|
76.3
|
82.0
|
|
Commercial Real Estate
|
70.9
|
63.8
|
65.5
|
70.9
|
65.5
|
|
Construction & Development
|
7.7
|
7.4
|
8.6
|
7.7
|
8.6
|
|
Multifamily Residential Real Estate
|
0.9
|
1.1
|
0.2
|
0.9
|
0.2
|
|
Nonresidential Real Estate
|
53.1
|
49.0
|
46.4
|
53.1
|
46.4
|
|
Residential Real Estate
|
38.3
|
38.0
|
37.4
|
38.3
|
37.4
|
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Consumer
|
33.0
|
34.6
|
36.6
|
33.0
|
36.6
|
|
Agriculture
|
245.6
|
251.7
|
255.7
|
245.6
|
255.7
|
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BANKING PROFILE
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