South Dakota 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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Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-2.3%
|
-2.2%
|
0.7%
|
-1.9%
|
1.2%
|
|
Manufacturing (9%)
|
-12.0%
|
-14.1%
|
0.6%
|
-11.1%
|
1.4%
|
|
Other (non-manufacturing) Goods-Producing (5%)
|
-8.4%
|
-4.8%
|
-2.4%
|
-6.9%
|
0.5%
|
|
Private Service-Producing (66%)
|
-1.2%
|
-1.5%
|
0.8%
|
-1.1%
|
1.3%
|
|
Government (19%)
|
1.2%
|
2.8%
|
1.6%
|
2.0%
|
0.9%
|
|
Unemployment Rate (% of labor force)
|
4.7%
|
4.8%
|
3.6%
|
4.8%
|
3.1%
|
| |
|
|
|
|
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Other Indicators
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Single-Family Home Permits
|
60.2%
|
-8.9%
|
-52.7%
|
-15.6%
|
-19.8%
|
|
Multifamily Building Permits
|
6.4%
|
-60.8%
|
16.0%
|
-14.4%
|
-10.2%
|
|
Home Price Index
|
-1.0%
|
1.3%
|
2.5%
|
1.0%
|
3.2%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.07
|
2.16
|
1.68
|
2.17
|
1.72
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|
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BANKING TRENDS
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|
General Information
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Institutions (#)
|
83
|
83
|
87
|
83
|
87
|
|
Total Assets (in millions)
|
728,075
|
667,626
|
653,166
|
728,075
|
653,166
|
|
New Institutions (# < 3 years)
|
1
|
1
|
1
|
1
|
1
|
|
Subchapter S Institutions
|
38
|
38
|
39
|
38
|
39
|
| |
|
|
|
|
|
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Asset Quality
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.14
|
2.00
|
1.77
|
2.14
|
1.77
|
|
Noncurrent Loans / Total Loans (median %)
|
0.91
|
0.96
|
0.85
|
0.91
|
0.85
|
|
ALLL/Total Loans (median %)
|
1.45
|
1.43
|
1.26
|
1.45
|
1.26
|
|
ALLL/Noncurrent Loans (median multiple)
|
1.13
|
0.89
|
1.58
|
1.13
|
1.58
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|
Net Loan Losses / Total Loans (median %)
|
0.25
|
0.11
|
0.10
|
0.29
|
0.15
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|
|
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Capital / Earnings
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Tier 1 Leverage (median %)
|
9.99
|
10.24
|
10.14
|
9.99
|
10.14
|
|
Return on Assets (median %)
|
0.91
|
1.00
|
0.72
|
0.75
|
1.01
|
|
Pretax Return on Assets (median %)
|
1.07
|
1.26
|
0.93
|
1.03
|
1.25
|
|
Net Interest Margin (median %)
|
4.28
|
4.39
|
4.16
|
4.18
|
4.18
|
|
Yield on Earning Assets (median %)
|
5.96
|
6.07
|
6.45
|
5.98
|
6.72
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|
Cost of Funding Earning Assets (median %)
|
1.58
|
1.76
|
2.29
|
1.77
|
2.53
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Provisions to Avg. Assets (median %)
|
0.26
|
0.21
|
0.19
|
0.38
|
0.14
|
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Noninterest Income to Avg. Assets (median %)
|
0.58
|
0.57
|
0.69
|
0.57
|
0.61
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Overhead to Avg. Assets (median %)
|
3.17
|
2.95
|
3.04
|
2.98
|
3.04
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Liquidity / Sensitivity
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Net Loans to Assets (median %)
|
65.7
|
69.2
|
66.5
|
65.7
|
66.5
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Noncore Funding to Assets (median %)
|
20.3
|
22.3
|
20.6
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20.3
|
20.6
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Long-term Assets to Assets (median %, call filers)
|
17.9
|
18.5
|
14.6
|
17.9
|
14.6
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Brokered Deposits (number of institutions)
|
34
|
34
|
30
|
34
|
30
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|
Brokered Deposits to Assets (median % for those above)
|
5.6
|
7.4
|
4.0
|
5.6
|
4.0
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Loan Concentrations (median % of Total Risk-Based Capital)
|
Q4-09
|
Q3-09
|
Q4-08
|
2009
|
2008
|
|
Commercial and Industrial
|
82.0
|
80.5
|
86.6
|
82.0
|
86.6
|
|
Commercial Real Estate
|
63.6
|
64.9
|
62.7
|
63.6
|
62.7
|
|
Construction & Development
|
8.1
|
8.8
|
11.7
|
8.1
|
11.7
|
|
Multifamily Residential Real Estate
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
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Nonresidential Real Estate
|
42.2
|
38.9
|
41.1
|
42.2
|
41.1
|
|
Residential Real Estate
|
36.1
|
36.3
|
40.1
|
36.1
|
40.1
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Consumer
|
36.7
|
36.2
|
39.2
|
36.7
|
39.2
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Agriculture
|
258.2
|
264.4
|
245.5
|
258.2
|
245.5
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BANKING PROFILE
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