State Profile Texas

Fourth Quarter 2023

ECONOMIC INDICATORS (NOT SEASONALLY ADJUSTED, UNLESS NOTED)

Q4-23 Q3-23 Q4-22 2023 2022

2.5% 2.6% 4.7% 3.3% 5.8%

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)

(7%)

(7%)

(71%)

(15%)

2.0%

4.3%

2.2%

3.3%

3.9%

2.4%

4.3%

2.4%

3.0%

3.9%

5.4%

7.0%

5.1%

1.8%

4.0%

3.1%

5.5%

3.2%

2.8%

3.9%

5.8%

7.1%

6.6%

1.4%

3.9%

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)

-7.8%

-26.7%

2.7%

N/A

-19.6%

-10.8%

2.2%

0.78

-11.1%

35.2%

13.7%

0.64

-7.8%

-26.7%

4.1%

N/A

-11.1%

35.2%

19.8%

0.61

BANKING TRENDS

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

Institutions (#) 382 383 387 382 387

Total Assets (in millions) $1,048,273 $1,039,496 $1,092,235 $1,048,273 $1,092,235

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

Subchapter S Institutions (#) 183 183 185 183 185

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

Past-Due and Nonaccrual Loans / Total Loans (median %) 0.76 0.69 0.60 0.76 0.60

Noncurrent Loans / Total Loans (median %) 0.20 0.16 0.15 0.20 0.15

Loan and Lease Allowance / Total Loans (median %) 1.25 1.26 1.25 1.25 1.25

Loan and Lease Allowance / Noncurrent Loans (median multiple) 3.72 4.38 5.10 3.72 5.10

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

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

Tier 1 Leverage (median %, end of period) 10.74 10.68 10.26 10.74 10.26

Return on Assets (median %) 1.21 1.24 1.20 1.21 1.20

Pretax Return on Assets (median %) 1.35 1.39 1.32 1.35 1.32

Net Interest Margin (median %) 3.72 3.69 3.46 3.72 3.46

Yield on Earning Assets (median %) 5.12 4.99 3.86 5.12 3.86

Cost of Funding Earning Assets (median %) 1.38 1.25 0.33 1.38 0.33

Provisions to Avg. Assets (median %) 0.06 0.05 0.05 0.06 0.05

Noninterest Income to Avg. Assets (median %) 0.49 0.50 0.49 0.49 0.49

Overhead to Avg. Assets (median %) 2.55 2.51 2.40 2.55 2.40

Liquidity / Sensitivity Q4-23 Q3-23 2023

Net Loans to Assets (median %) 60.75 60.66 56.33 60.75 56.33

Noncore Funding to Assets (median %) 11.54 11.01 7.02 11.54 7.02

Long-term Assets to Assets (median %, call filers) 29.16 29.52 34.39 29.16 34.39

Brokered Deposits (number of institutions) 117 105 88 117 88

Brokered Deposits to Assets (median % for those above) 3.47 4.44 3.85 3.47 3.85

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 55 55 55 55 55

Commercial Real Estate 211 206 206 211 206

Construction & Development 58 57 56 58 56

Multifamily Residential Real Estate 6 6 6 6 6

Nonresidential Real Estate 125 121 123 125 123

Residential Real Estate 99 99 90 99 90

Consumer 11 11 11 11 11

Agriculture 25 25 25 25 25

BANKING PROFILE

Asset Distribution

< $100 million 51 (13.4%)

Institutions in Market

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Dallas-Fort Worth-Arlington, TX 168 $714,660

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

Houston-The Woodlands-Sugar Land, TX 104 $324,124 $100 million to $250 million 88 (23.0%)

San Antonio-New Braunfels, TX 63 $180,282 $250 million to $1 billion 151 (39.5%)

Austin-Round Rock-Georgetown, TX 73 $66,438 $1 billion to $10 billion 78 (20.4%)

McAllen-Edinburg-Mission, TX 20 $14,219 $10 billion 14 (3.7%)