State Profile Illinois

Fourth Quarter 2023

ECONOMIC INDICATORS (NOT SEASONALLY ADJUSTED, UNLESS NOTED)

Q4-23 Q3-23 Q4-22 2023 2022

0.7% 0.8% 2.5% 1.4% 3.8%

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)

(9%)

(4%)

(73%)

(14%)

0.6%

1.1%

0.2%

3.5%

4.7%

0.4%

0.6%

0.6%

2.5%

4.6%

2.6%

3.3%

2.6%

1.3%

4.6%

1.3%

1.9%

1.1%

2.7%

4.5%

2.8%

3.7%

4.3%

1.8%

4.6%

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)

-3.8%

-37.7%

7.3%

N/A

-15.6%

-15.3%

6.5%

1.85

-16.2%

23.3%

9.2%

1.58

-3.8%

-37.7%

6.5%

N/A

-16.2%

23.3%

12.7%

1.61

BANKING TRENDS

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

Institutions (#) 358 361 375 358 375

Total Assets (in millions) $716,111 $701,276 $618,967 $716,111 $618,967

New Institutions (# < 3 years) 1 1 1 1 1

Subchapter S Institutions (#) 129 130 135 129 135

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

Past-Due and Nonaccrual Loans / Total Loans (median %) 0.87 0.90 0.79 0.87 0.79

Noncurrent Loans / Total Loans (median %) 0.36 0.39 0.34 0.36 0.34

Loan and Lease Allowance / Total Loans (median %) 1.15 1.18 1.12 1.15 1.12

Loan and Lease Allowance / Noncurrent Loans (median multiple) 2.36 2.04 2.28 2.36 2.28

Net Loan Losses / Total Loans (median %, year-to-date annualized) 0.01 0.01 0.01 0.01 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) 10.45 10.49 10.26 10.45 10.26

Return on Assets (median %) 0.94 0.96 0.91 0.94 0.91

Pretax Return on Assets (median %) 1.07 1.12 1.09 1.07 1.09

Net Interest Margin (median %) 3.28 3.29 3.11 3.28 3.11

Yield on Earning Assets (median %) 4.56 4.47 3.50 4.56 3.50

Cost of Funding Earning Assets (median %) 1.23 1.09 0.37 1.23 0.37

Provisions to Avg. Assets (median %) 0.05 0.04 0.03 0.05 0.03

Noninterest Income to Avg. Assets (median %) 0.40 0.39 0.41 0.40 0.41

Overhead to Avg. Assets (median %) 2.35 2.32 2.28 2.35 2.28

Liquidity / Sensitivity Q4-23 Q3-23 2023

Net Loans to Assets (median %) 62.72 62.06 59.71 62.72 59.71

Noncore Funding to Assets (median %) 11.17 10.67 7.68 11.17 7.68

Long-term Assets to Assets (median %, call filers) 27.00 27.70 30.39 27.00 30.39

Brokered Deposits (number of institutions) 129 128 108 129 108

Brokered Deposits to Assets (median % for those above) 4.45 4.70 4.52 4.45 4.52

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 57 58 57 57 57

Commercial Real Estate 147 146 144 147 144

Construction & Development 14 13 12 14 12

Multifamily Residential Real Estate 14 14 14 14 14

Nonresidential Real Estate 99 98 99 99 99

Residential Real Estate 112 112 109 112 109

Consumer 17 15 15 17 15

Agriculture 60 58 60 60 60

BANKING PROFILE

Asset Distribution

< $100 million 78 (21.8%)

Institutions in Market

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Chicago-Naperville-Elgin, IL-IN-WI 161 $572,305

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

St. Louis, MO-IL 112 $133,543 $100 million to $250 million 102 (28.5%)

Peoria, IL 44 $10,772 $250 million to $1 billion 126 (35.2%)

Davenport-Moline-Rock Island, IA-IL 31 $9,987 $1 billion to $10 billion 48 (13.4%)

Springfield, IL 26 $8,645 $10 billion 4 (1.1%)