State Profile Oklahoma

Fourth Quarter 2023

ECONOMIC INDICATORS (NOT SEASONALLY ADJUSTED, UNLESS NOTED)

Q4-23 Q3-23 Q4-22 2023 2022

2.1% 2.3% 3.3% 2.9% 3.3%

Employment Growth Rates (% change from year ago, unless noted)

Total Nonfarm (share of trailing four quarter employment in parentheses)

Manufacturing

Other (non-manufacturing) Goods-Producing

Private Service-Providing

Government

Unemployment Rate (% of labor force, seasonally adjusted)

(8%)

(7%)

(65%)

(21%)

2.6%

4.1%

1.4%

3.2%

3.5%

3.5%

2.6%

1.9%

3.1%

3.3%

4.7%

3.8%

3.8%

0.9%

3.2%

4.0%

3.8%

2.8%

2.6%

3.2%

3.8%

4.1%

3.9%

1.1%

3.0%

Other Indicators (% change of 4-qtr moving total, unless noted) Q4-23 2023 2022

Single-Family Home Permits

Multifamily Building Permits

Home Price Index (change from year ago)

Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)

-5.9%

3.5%

5.4%

N/A

-19.3%

28.2%

6.1%

1.45

-22.8%

127.2%

12.8%

1.22

-5.9%

3.5%

7.1%

N/A

-22.8%

127.2%

15.9%

1.24

BANKING TRENDS

General Information Q4-23 Q3-23 Q4-22 2023 2022

Institutions (#) 178 178 179 178 179

Total Assets (in millions) $189,560 $186,285 $179,191 $189,560 $179,191

New Institutions (# < 3 years) 0 0 0 0 0

Subchapter S Institutions (#) 109 110 111 109 111

Asset Quality Q4-23 Q3-23 Q4-22 2023 2022

Past-Due and Nonaccrual Loans / Total Loans (median %) 1.37 1.20 1.25 1.37 1.25

Noncurrent Loans / Total Loans (median %) 0.48 0.45 0.43 0.48 0.43

Loan and Lease Allowance / Total Loans (median %) 1.36 1.38 1.34 1.36 1.34

Loan and Lease Allowance / Noncurrent Loans (median multiple) 2.41 2.01 2.35 2.41 2.35

Net Loan Losses / Total Loans (median %, year-to-date annualized) 0.03 0.01 0.03 0.03 0.03

Capital / Earnings (year-to-date annualized, unless noted) Q4-23 Q3-23 Q4-22 2023 2022

Tier 1 Leverage (median %, end of period) 10.63 11.02 10.52 10.63 10.52

Return on Assets (median %) 1.21 1.28 1.18 1.21 1.18

Pretax Return on Assets (median %) 1.34 1.43 1.35 1.34 1.35

Net Interest Margin (median %) 3.94 3.94 3.82 3.94 3.82

Yield on Earning Assets (median %) 5.45 5.36 4.23 5.45 4.23

Cost of Funding Earning Assets (median %) 1.45 1.29 0.37 1.45 0.37

Provisions to Avg. Assets (median %) 0.09 0.07 0.07 0.09 0.07

Noninterest Income to Avg. Assets (median %) 0.54 0.54 0.54 0.54 0.54

Overhead to Avg. Assets (median %) 2.75 2.66 2.64 2.75 2.64

Liquidity / Sensitivity Q4-23 Q3-23 2023

Net Loans to Assets (median %) 66.39 64.27 62.87 66.39 62.87

Noncore Funding to Assets (median %) 12.46 11.34 8.19 12.46 8.19

Long-term Assets to Assets (median %, call filers) 23.07 23.11 25.84 23.07 25.84

Brokered Deposits (number of institutions) 80 78 77 80 77

Brokered Deposits to Assets (median % for those above) 5.56 4.61 3.14 5.56 3.14

Loan Concentrations

(median % of Tier 1 Capital plus the Reserve for Loan and Lease Losses) Q4-23 Q3-23 Q4-22 2023 2022

Commercial and Industrial 67 67 72 67 72

Commercial Real Estate 197 193 205 197 205

Construction & Development 40 39 43 40 43

Multifamily Residential Real Estate 5 5 4 5 4

Nonresidential Real Estate 133 123 129 133 129

Residential Real Estate 108 105 98 108 98

Consumer 19 18 20 19 20

Agriculture 63 58 59 63 59

BANKING PROFILE

Asset Distribution

< $100 million 47 (26.4%)

Institutions in Market

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Oklahoma City, OK 70 $53,351

Largest Deposit Markets (from 2023 Summary of Deposits) Deposits ($ millions) Institutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits ($ millions) Per

Employment Growth Rates (% change from year ago, unless noted)

Total Nonfarm (share of trailing four quarter employment in parentheses)

Manufacturing

Other (non-manufacturing) Goods-Producing

Private Service-Providing

Government

Unemployment Rate (% of labor force, seasonally adjusted)

Q3-23 Q4-22

Q4-22 2022

Tulsa, OK 58 $33,514 $100 million to $250 million 46 (25.8%)

Fort Smith, AR-OK 21 $5,994 $250 million to $1 billion 66 (37.1%)

Enid, OK 14 $3,791 $1 billion to $10 billion 15 (8.4%)

Lawton, OK 12 $2,146 $10 billion 4 (2.2%)