State Profile Ohio

Fourth Quarter 2023

ECONOMIC INDICATORS (NOT SEASONALLY ADJUSTED, UNLESS NOTED)

Q4-23 Q3-23 Q4-22 2023 2022

1.1% 1.4% 1.9% 1.5% 2.7%

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)

(12%)

(4%)

(69%)

(14%)

-0.1%

2.4%

1.1%

1.7%

3.6%

0.5%

1.6%

1.3%

2.5%

3.5%

2.2%

2.9%

2.1%

0.8%

4.0%

0.7%

2.2%

1.5%

2.0%

3.5%

2.7%

4.2%

3.0%

1.1%

4.0%

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)

-8.2%

-18.9%

8.2%

N/A

-14.1%

25.1%

7.3%

1.84

-14.4%

25.4%

10.7%

1.50

-8.2%

-18.9%

7.8%

N/A

-14.4%

25.4%

14.8%

1.53

BANKING TRENDS

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

Institutions (#) 168 169 171 168 171

Total Assets (in millions) $4,781,649 $4,771,870 $4,501,163 $4,781,649 $4,501,163

New Institutions (# < 3 years) 3 3 2 3 2

Subchapter S Institutions (#) 19 19 20 19 20

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

Past-Due and Nonaccrual Loans / Total Loans (median %) 0.69 0.61 0.64 0.69 0.64

Noncurrent Loans / Total Loans (median %) 0.26 0.32 0.26 0.26 0.26

Loan and Lease Allowance / Total Loans (median %) 1.03 1.04 1.01 1.03 1.01

Loan and Lease Allowance / Noncurrent Loans (median multiple) 3.00 3.05 3.39 3.00 3.39

Net Loan Losses / Total Loans (median %, year-to-date annualized) 0.01 0.00 0.00 0.01 0.00

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

Tier 1 Leverage (median %, end of period) 10.42 10.51 10.32 10.42 10.32

Return on Assets (median %) 0.76 0.79 0.85 0.76 0.85

Pretax Return on Assets (median %) 0.93 0.97 0.97 0.93 0.97

Net Interest Margin (median %) 3.28 3.31 3.23 3.28 3.23

Yield on Earning Assets (median %) 4.65 4.55 3.68 4.65 3.68

Cost of Funding Earning Assets (median %) 1.31 1.20 0.34 1.31 0.34

Provisions to Avg. Assets (median %) 0.03 0.02 0.02 0.03 0.02

Noninterest Income to Avg. Assets (median %) 0.39 0.40 0.42 0.39 0.42

Overhead to Avg. Assets (median %) 2.62 2.61 2.56 2.62 2.56

Liquidity / Sensitivity Q4-23 Q3-23 2023

Net Loans to Assets (median %) 66.78 67.54 64.92 66.78 64.92

Noncore Funding to Assets (median %) 11.62 10.71 7.23 11.62 7.23

Long-term Assets to Assets (median %, call filers) 43.57 45.59 48.60 43.57 48.60

Brokered Deposits (number of institutions) 77 70 64 77 64

Brokered Deposits to Assets (median % for those above) 3.97 3.31 2.04 3.97 2.04

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 42 42 43 42 43

Commercial Real Estate 151 149 143 151 143

Construction & Development 22 20 21 22 21

Multifamily Residential Real Estate 16 17 17 16 17

Nonresidential Real Estate 98 97 97 98 97

Residential Real Estate 243 240 230 243 230

Consumer 13 13 11 13 11

Agriculture 10 10 9 10 9

BANKING PROFILE

Asset Distribution

< $100 million 35 (20.8%)

Institutions in Market

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Cincinnati, OH-KY-IN 58 $193,299

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

Cleveland-Elyria, OH 35 $127,909 $100 million to $250 million 48 (28.6%)

Columbus, OH 54 $104,038 $250 million to $1 billion 48 (28.6%)

Akron, OH 25 $18,134 $1 billion to $10 billion 30 (17.9%)

Toledo, OH 26 $16,041 $10 billion 7 (4.2%)