State reports on condition of Missouri banks

Missouri's 293 state-chartered banks and trust companies continue to maintain strong capital positions, according to the state Division of Finance's latest conditions report.

The report, released Dec. 5, is a compilation of data filed by state-chartered institutions as of Sept. 30.

In the last year, Missouri lost a net eight state-chartered banks and trust companies. Three banks merged with other state banks; one bank merged with a Missouri national bank; five banks and one trust company merged with out-of-state banks; and one trust company was dissolved. Four new bank charters were granted, including Springfield First Community Bank, 2006 S. Glenstone Ave.

Assets in state-chartered banks were $74.8 billion as of Sept. 30, up 11.8 percent from a year earlier. Deposits grew 10.1 percent to $58.9 billion. Total loans climbed 10.4 percent to $54.9 billion, according to the report.

The equity capital ratio fell to 10.36 percent from 10.92 percent a year earlier. Primary capital, which includes allowances for loan and lease losses, fell to 11.38 percent, from 11.79 percent. The tangible equity capital ratio was down to 8.85 percent, compared to 9.45 percent a year before.

Net income in state banks was down 54.9 percent for the first nine months of 2008. Return on assets was 0.42 percent, less than half of the 1.04 percent for the same period in 2007.