State Profile Missouri

Fourth Quarter 2023

ECONOMIC INDICATORS (NOT SEASONALLY ADJUSTED, UNLESS NOTED)

Q4-23 Q3-23 Q4-22 2023 2022

1.9% 1.4% 2.0% 1.8% 2.8%

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%)

(5%)

(71%)

(15%)

-0.4%

3.2%

2.1%

1.8%

3.3%

0.3%

2.2%

1.5%

1.7%

3.2%

4.2%

3.4%

1.9%

0.4%

2.8%

1.5%

3.2%

1.9%

1.5%

3.1%

4.1%

5.2%

3.0%

0.1%

2.6%

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)

-2.6%

-34.4%

7.5%

N/A

-15.3%

-29.3%

7.2%

1.56

-15.5%

20.6%

11.6%

1.30

-2.6%

-34.4%

7.7%

N/A

-15.5%

20.6%

15.7%

1.37

BANKING TRENDS

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

Institutions (#) 208 209 213 208 213

Total Assets (in millions) $248,945 $243,112 $236,052 $248,945 $236,052

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

Subchapter S Institutions (#) 94 94 97 94 97

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

Past-Due and Nonaccrual Loans / Total Loans (median %) 0.64 0.69 0.72 0.64 0.72

Noncurrent Loans / Total Loans (median %) 0.23 0.24 0.18 0.23 0.18

Loan and Lease Allowance / Total Loans (median %) 1.23 1.25 1.26 1.23 1.26

Loan and Lease Allowance / Noncurrent Loans (median multiple) 4.10 3.87 3.73 4.10 3.73

Net Loan Losses / Total Loans (median %, year-to-date annualized) 0.02 0.01 0.01 0.02 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) 10.23 10.35 9.95 10.23 9.95

Return on Assets (median %) 1.13 1.14 1.16 1.13 1.16

Pretax Return on Assets (median %) 1.28 1.31 1.26 1.28 1.26

Net Interest Margin (median %) 3.50 3.48 3.48 3.50 3.48

Yield on Earning Assets (median %) 5.07 4.94 3.94 5.07 3.94

Cost of Funding Earning Assets (median %) 1.45 1.32 0.42 1.45 0.42

Provisions to Avg. Assets (median %) 0.06 0.05 0.04 0.06 0.04

Noninterest Income to Avg. Assets (median %) 0.45 0.45 0.45 0.45 0.45

Overhead to Avg. Assets (median %) 2.45 2.45 2.38 2.45 2.38

Liquidity / Sensitivity Q4-23 Q3-23 2023

Net Loans to Assets (median %) 68.98 69.58 67.51 68.98 67.51

Noncore Funding to Assets (median %) 10.58 10.52 6.74 10.58 6.74

Long-term Assets to Assets (median %, call filers) 23.16 23.24 27.59 23.16 27.59

Brokered Deposits (number of institutions) 87 89 87 87 87

Brokered Deposits to Assets (median % for those above) 3.11 3.10 2.37 3.11 2.37

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 56 56 55 56 55

Commercial Real Estate 196 198 186 196 186

Construction & Development 38 38 39 38 39

Multifamily Residential Real Estate 9 9 8 9 8

Nonresidential Real Estate 112 112 111 112 111

Residential Real Estate 169 164 158 169 158

Consumer 18 19 19 18 19

Agriculture 77 77 83 77 83

BANKING PROFILE

Asset Distribution

< $100 million 29 (13.9%)

Institutions in Market

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St. Louis, MO-IL 112 $133,543

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

Kansas City, MO-KS 116 $87,299 $100 million to $250 million 69 (33.2%)

Springfield, MO 37 $15,648 $250 million to $1 billion 80 (38.5%)

Jefferson City, MO 19 $6,201 $1 billion to $10 billion 24 (11.5%)

Columbia, MO 27 $6,165 $10 billion 6 (2.9%)